Page 3183 - Week 07 - Thursday, 30 June 2011
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Mr Speaker, I commend these papers to the Assembly.
Pursuant to section 17—Instrument varying appropriations relating to Commonwealth funding to the Canberra Institute of Technology, including a statement of reasons, dated 28 June 2011.
Mr Speaker, as required by the Financial Management Act 1996 (the Act), I table an instrument issued under Section 17 of the Act. The direction and a statement of reasons for this instrument must be tabled in the Assembly within three sitting days after it is given.
Mr Speaker, Section 17 of the Act enables variations to appropriations for any increase in existing Commonwealth payments by direction of the Treasurer.
The Territory has received $630,000 in additional Net Cost of Outputs funding from the Commonwealth to be passed to the Canberra Institute of Technology for the TAFE Fee Waivers for Childcare Qualifications National Partnership.
Mr Speaker, I commend this instrument to the Assembly.
Pursuant to section 18A—Authorisation of Expenditure from the Treasurer’s Advance to various agencies, including statements of reasons, dated 23 June 2008.
Mr Speaker, as required by the Financial Management Act 1996, I table copies of expenditure authorisations and the Final Charge against the 2010-11 Treasurer’s Advance.
Section 18 of the Act allows the Treasurer to authorise expenditure from the Treasurer’s Advance.
Section 18A of the Act requires that within three sitting days after the day the authorisation was given, that the Treasurer present to the Legislative Assembly:
a copy of the authorisation;
a statement of the reasons for giving it; and
a summary of the total expenditure authorised under section 18 for the financial year.
Mr Speaker, the Appropriation Act 2010-11 provided $29 million for the Treasurer’s Advance for urgent and unforseen expenditure. This was a reduced level of Treasurer’s Advance funding compared to previous budgets.
In prior years Treasurer’s Advance represented 1 per cent of appropriations. In the 2010-11 Budget the Government reduced Treasurer’s Advance to 0.75 per cent of appropriations as a savings measure. This reduction was mitigated by the substantial investment in service growth in the Budget. An action which has proved successful.
Mr Speaker, even with a reduced level of Treasurer’s Advance available in 2010-11, the Government did not need recourse to all the funding. The unspent balance of the Treasurer’s Advance is $7.013 million. This clearly demonstrates the Government’s
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