$200M is a drop in the bucket compared to the amount VA owes its creditors.
So $200M might keep them going for another couple of months, maybe, then it goes into administration anyway. What happens to the $200M of taxpayers money?
Is that incompetent twit running QLD going to be held accountable for the money she threw away knowing it was almost certainly going to be lost? She’d have been better off running down to the casino and putting $200M on black. At least there would have almost been a 50% chance of getting money back.