Page 2024 - Week 06 - Tuesday, 5 June 2018
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MR BARR: I present to the Assembly the March quarter 2018 consolidated financial report for the territory. This report is required under section 26 of the Financial Management Act 1996. The March quarter headline net operating balance for the general government sector was a deficit of $106.5 million. This result was $75.6 million lower than the budgeted deficit of $182.1 million. This improvement mainly reflects lower expenses as a result of timing of payments for initiatives.
Net debt of the general government sector as at 31 March 2018 was $1,478.8 million, in line with the 30 June 2017 result of $1,452.9 million. Net financial liabilities decreased by $2,532.5 million compared to 30 June 2017, largely reflecting a change in the defined benefit superannuation liability estimate for 31 March 2018, which is based on a discount rate of six per cent, compared to 3.51 per cent at 30 June 2017. I commend the March quarterly report to the Assembly.
Papers
Mr Barr presented the following paper:
Financial integrity and compliance, pursuant to the resolution of the Assembly of 2 November 2017, dated June 2018.
Ms Fitzharris presented the following paper:
Auditor-General Act, pursuant to subsection 21(2)—Auditor-General’s Report No 1/2018—Acceptance of Stormwater Assets—Government response.
Mr Gentleman presented the following papers:
Subordinate legislation (including explanatory statements unless otherwise stated)
Legislation Act, pursuant to section 64—
ACT Teacher Quality Institute Act and Financial Management Act—ACT Teacher Quality Institute Board Appointment 2018 (No 1)—Disallowable Instrument DI2018-85 (LR, 17 May 2018).
Animal Welfare Act—
Animal Welfare (Keeping and Breeding of Racing Greyhounds in the ACT) Mandatory Code of Practice 2018 (No 1)—Disallowable Instrument DI2018-76 (LR, 27 April 2018).
Animal Welfare (Land Transport of Livestock) Mandatory Code of Practice 2018 (No 1)—Disallowable Instrument DI2018-90 (LR, 17 May 2018).
Children and Young People Act—
Children and Young People (Approved Care and Protection Organisations—Intervention) Guidelines 2018 (No 1)—Disallowable Instrument DI2018-97 (LR, 17 May 2018).
Children and Young People (Approved Care and Protection Organisations—Monitoring) Guidelines 2018 (No 1)—Disallowable Instrument DI2018-96 (LR, 17 May 2018).
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