Page 1575 - Week 05 - Thursday, 11 April 2013

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Budget—lease variation charge
(Question No 68)

Mr Smyth asked the Treasurer, upon notice, on 28 February 2013:

Can the Treasurer detail why the Lease Variation Charge was revised downwards by $3.9 million in the budget review for the current year, however, the forward estimates remain unchanged.

Mr Barr: The answer to the member’s question is as follows:

The 2012-13 revenue forecast for the Lease Variation Charge was revised downward from $23.484 million to $19.499 million in the Budget Review. This revision reflects the timing of payments for prior year determinations.

The forward estimates will be revised as part of the 2013-14 Budget.

Superannuation—expenses
(Question No 69)

Mr Smyth asked the Treasurer, upon notice, on 28 February 2013:

(1) Can the Treasurer detail the elements that make up Other Superannuation Expense, as per the 2012-13 Budget Review, $353 million in the 2013 year and can he provide a financial breakdown of these elements.

(2) Can the Treasurer detail the elements that make up Superannuation Interest Expense as per the 2012-13 Budget Review, $264 million in the 2013 year and can he provide a financial breakdown of these elements.

Mr Barr: The answer to the member’s question is as follows:

Other Superannuation Expense on the operating statement is the employer cost from actual employee service in the current reporting period.

This is split between defined benefit and accumulation (defined contribution) superannuation arrangements.

• Defined benefit superannuation expenses in relation to CSS and PSS Scheme membership is an estimated expense of $257 million for the 2012 13 financial year.

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