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Treasurer Mike Nahan.

Retrospective laws to settle Bell Group dispute

The state government is utilising rarely used powers under the Corporations Act to take control of $1.7 billion owed to creditors of the failed Bell Group and ensure a big slice of that money is distributed to Western Australian taxpayers through the Insurance Commission of WA.

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Assets under management or net assets ($m)

1st-GESB$27.30bn
3rd-Insurance Commission of WA$5.30bn
6th-FES Superannuation Fund$706.0m
7th-Packer & Co$2.00bn
43 fund managers ranked by assets under management or net assets

Total revenue

5th-Western Power$1.77bn
6th-Western Australian Treasury Corporation$1.63bn
7th↑Insurance Commission of WA$1.50bn
8th↓Lotterywest$1.05bn
9th-Horizon Power$559.9m
29 state government businesses ranked by total revenue - this year

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