Page 5451 - Week 13 - Tuesday, 16 November 2010

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Financial Management Act—instrument

Paper and statement by minister

MS GALLAGHER (Molonglo—Deputy Chief Minister, Treasurer, Minister for Health and Minister for Industrial Relations): For the information of members, I present the following paper:

Financial Management Act, pursuant to section 16—Instrument directing a transfer of appropriations from the Department of Territory and Municipal Services to the Department of Land and Property Services, including a statement of reasons, dated 3 November 2010.

I seek leave to make a statement in relation to the paper.

Leave granted.

MS GALLAGHER: As required by the Financial Management Act, I hereby table an instrument issued under section 16 of the act. Sections 16(1) and (2) of the Financial Management Act allow the Treasurer to authorise the transfer of appropriations for a service or a function to another entity following a change in responsibility for that service or function.

Section 16(3) of the Financial Management Act requires that within three sitting days after the day the authorisation is given the Treasurer must present a copy of the direction and associated statement of reasons to the Legislative Assembly.

This instrument facilitates the transfer of $51.464 million in capital injection appropriation associated with the transfer of land release projects and various projects in the city centre from the Department of Territory and Municipal Services to the Department of Land and Property Services.

This transfer will centralise the delivery of land release projects within the department responsible for land release under the current administrative arrangements. The transfer is budget neutral and I commend the instrument to the Assembly.