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Legislative Assembly for the ACT: 2002 Week 10 Hansard (29 August) . . Page.. 3127 ..

Public housing

(Question No 243)

Mr Stefaniak ask the Treasurer, upon notice, on 27 August 2002:

In relation to the Home Loan Portfolio:

1. What are the obligations under the Commonwealth/State Housing Agreement for monies received from the Commonwealth by ACT Housing.

2. On page 114 of the 2002-03 Budget Paper No. 4, the Total Equity at the end of the period shows an amount of $52,095,000 -

a) Give details of what Government initiatives are proposed for investing this equity in affordable housing.

b) Does the Government intend using these monies to improve public housing.

c) How many borrowers are there currently.

3. On page 1 15 of the 2002-03 Budget Paper No. 4, the amount shown for Investments is $109,123,000 -

a) Is this amount cash.

b) Is it investments and if so give a breakdown of the total investments and interest for the years 2000-01, 2001-02 and from 1 January to 30 June 2002.

c) Does the Government intend using these monies to improve public housing.

d) Does the Government intend using these monies for housing assistance purposes.

Mr Quinlan: The answer to the member's question is as follows:

(1) Commonwealth and state/territory obligations under the Commonwealth/State Housing Agreement (CSHA) are set out in the multilateral and bilateral agreements signed between the Commonwealth and the states and territories.

For example, section 4(15) of the Multilateral Agreement signed between the Commonwealth and the ACT on 23 December 1999 states that:

"4 (15) Assets and available funds for the period of an agreed Bilateral Agreement, being Commonwealth Financial Assistance and State funding contributions and any net income earned from the use of assets including net proceeds of any asset sales and other asset realisations, can only be used in accordance with the Bilateral Agreement ...."

The range of uses of funds is outlined in sub sections (a) to (g) of section 4 (15) (Refer Attachment A).

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