Page 3015 - Week 08 - Thursday, 25 June 2009

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Education, Training and Youth Affairs—Standing Committee

Reference

Debate resumed.

MR DOSZPOT (Brindabella) (4.45), by leave: Mr Seselja asked for an adjournment of this in the previous session. I am pleased to relate that, having had discussions on the motion previously—we have spoken on it—we would like to just reiterate that we will be supporting Ms Bresnan’s amendment and we are happy to support this motion as amended.

Mr Barr: You have just indicated that you are supporting the amendment?

MR DOSZPOT: The amendment; that is correct.

MADAM ASSISTANT SPEAKER (Ms Le Couteur): The question is that Ms Bresnan’s amendment to Mr Barr’s motion be agreed to.

Question resolved in the affirmative.

Motion, as amended, agreed to.

Appropriation Bill 2009-2010

[Cognate paper:
Estimates 2009-2010—Select Committee report—government response]

Detail stage

Debate resumed.

Schedule 1—Appropriations.

Proposed expenditure—Part 1.7—Department of Treasury, $42,496,000 (net cost of outputs), $33,094,000 (capital injection) and $33,472,000 (payments on behalf of the territory), totalling $109,062,000.

MR SMYTH (Brindabella) (4.47): (Second speaking period taken.) Before lunch we had got to the part in the budget where we talk about borrowings. During the estimates, we asked the Treasurer whether she had considered any other options for sourcing loan funds. She replied that she had not and that there was no concern because the ACT would not be borrowing just yet.

I observe that it is now that the Treasurer should be considering all options for sourcing loan funds. It is likely that, in the not-too-distant future, there will be considerable pressure on borrowings, leading to governments having to pay more for borrowed funds, and it would be prudent for the Treasurer to try to think outside the box, although I recognise that, for this Treasurer in this government, that would, of course, be difficult.