Legislative Assembly for the ACT: 2002 Week 11 Hansard (26 September) . . Page.. 3391..
Department of Treasury
(Question No 293)
Mr Humphries asked the Treasurer, upon notice, on 25 September 2002:
In 2002-03 Budget Paper No. 4, it is estimated that expenditure on Grants and Purchased Services for the Department of the Treasury will increase from $33.862 million in 2002-03 to $41.732 million in 2003-04:
1. What is the reason for the increase of around 23 per cent in this item of expenditure.
2. Why will this increase not be continued into the 2004-05 and later years.
Mr Quinlan: The answer to the member's question is as follows:
(1) There has been a significant pull forward of revenue from 2002-03 into 2001-02, resulting in a large variation between 2002-03 and 2003-04. The table below illustrates that the 2001-02 outcome is significantly higher than the forward years. This is due to the Commonwealth offering an additional grant in the First Home Owners Scheme, above the original scheme, in 2001-02. This resulted in applications being pulled forward from 2002-03 to 2001-02, taking advantage of the additional grant.
Due to this pull forward effect, and the removal of the additional First Home Owners Grant, the Commonwealth has estimated a decrease in 2002-03 applications.
The 2003-04 estimates largely reflects the Commonwealth indicating that First Home Owner Grants will stabilise in 2003-04.
Est . Outcome
Legislative Assembly for the ACT: 2002-03
Grants and Purchased Services
First Home Owners Grant
(2) The increase is not continued across the forward years as the Commonwealth is not indicating any significant change in the First Home Owners Grant program.