Page 4962 - Week 13 - Thursday, 2 November 2017
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Renewal Authority was established to encourage and promote a vibrant city through the delivery of design-led, people-focused urban renewal.
In accordance with the act the authority is to prepare, and I am to report to the Legislative Assembly, after the end of each quarter details of any land acquired by the authority during the quarter, all valuations of the acquired land that the authority considered in relation to the acquisition and any other information prescribed by regulation for the report.
I have received the first quarterly report from the authority. This report states that the authority did not undertake any land acquisition during the period 1 July to 30 September 2017. I commend the report to the Assembly.
Financial Management Act—consolidated annual financial statements
Paper and statement by minister
MR BARR (Kurrajong—Chief Minister, Treasurer, Minister for Economic Development and Minister for Tourism and Major Events) (5.19): For the information of members I present the following paper:
Financial Management Act, pursuant to section 25—Consolidated Annual Financial Statements, including audit opinion—2016-2017 financial year, dated 27 October 2017.
I ask leave to make a statement in relation to the paper.
Leave granted.
MR BARR: I present to the Assembly the consolidated 2016-17 fiscal year annual financial statements for the territory. I am pleased to report to the Assembly that the consolidated statements received an unqualified audit opinion from the Auditor-General on 30 October. The final 2016-17 headline net operating balance for the GGS is a deficit of $26.7 million, $47.2 million lower than the estimated outcome deficit of $73.9 million. Moreover, the key financial indicators in the balance sheet remained strong. The next update to the territory’s financial position will be released with the 2017-18 budget review by the middle of February 2018.
The financial statements I present today have been prepared in accordance with Australian accounting standards and are in line with the requirements of the Financial Management Act 1996. I commend the 2016-17 consolidated annual financial statements for the territory and the accompanying audit opinion to the Assembly.
Papers
Mr Rattenbury presented the following paper:
Official Visitor Act, pursuant to subsection 17(4)—Summary report July 2016 to June 2017—Mental Health Official Visitors.
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