Page 2424 - Week 08 - Thursday, 6 June 2013
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The ACT government is committed to supporting affordable housing for moderate and low income households and sees the land rent scheme as an important element as part of an overall housing affordability strategy. We will continue to work closely with participants in the scheme and industry and the community to explore opportunities to make the scheme work even better for those who need it most.
Financial Management Act—instruments
Papers and statement by minister
MR BARR (Molonglo—Deputy Chief Minister, Treasurer, Minister for Economic Development, Minister for Sport and Recreation, Minister for Tourism and Events and Minister for Community Services): For the information of members, I present the following papers:
Financial Management Act—Instruments, including statements of reasons, pursuant to—
Section 14—Directing a transfer of funds within the Commerce and Works Directorate, dated 20 May 2013.
Section 16—Directing a transfer of appropriations from the Treasury Directorate to the Commerce and Works and Chief Minister and Treasury Directorates, dated 1 June 2013.
Section 18A—Authorisation of expenditure from the Treasurer’s Advance to the Office of the Legislative Assembly, dated 1 June 2013.
I seek leave to make a brief statement in relation to the papers.
Leave granted.
MR BARR: As required by the FMA, I have tabled a number of instruments under sections 14, 16 and 18. Advice on each instrument’s direction and a statement of reasons must be tabled in the Assembly within three sitting days after it is given. So I have tabled a total of three instruments this afternoon.
Section 14 of the FMA allows for the transfer of funds between appropriations, when endorsed by the executive. This package this afternoon includes one such instrument. The instrument transfers $2.5 million of capital injection (territorial) appropriation to expenses on behalf of the territory (territorial) appropriation within the Commerce and Works Directorate to cover the anticipated remaining expenditure under the first home owner grant scheme in 2012-13.
Section 16(1) and (2) of the FMA allows the Treasurer to authorise the transfer of appropriation for a service or function to another entity following a change in responsibility for that service or function. This package includes one such instrument that is budget neutral. The instrument facilitates the final transfer of the balance of the 2012-13 net cost of outputs (controlled) appropriation of $10.585 million from the former Treasury directorate, consisting of $5.907 million to the Chief Minister and Treasury Directorate and $4.678 million to the Commerce and Works Directorate.
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