Legislative Assembly for the ACT: 2007 Week 11 Hansard (13 November) . . Page.. 3262..
Financial Management Act—instruments
Papers and statement by minister
MR STANHOPE (Ginninderra—Chief Minister, Treasurer, Minister for Business and Economic Development, Minister for Indigenous Affairs, Minister for the Environment, Water and Climate Change, Minister for the Arts): For the information of members, I present the following papers:
Financial Management Act—Pursuant to section 16B—Instruments, including statements of reasons, authorising the rollover of undispersed appropriation of—
ACT Health, dated 9 November 2007.
ACT Planning and Land Authority, dated 9 November 2007.
Canberra Institute of Technology, dated 9 November 2007.
Chief Minister's Department, dated 9 November 2007.
Department of Disability, Housing and Community Services, dated 9 November 2007.
Department of Education and Training, dated 9 November 2007.
Department of Justice and Community Safety, dated 9 November 2007.
Department of Territory and Municipal Services, dated 9 November 2007.
Department of Treasury, dated 9 November 2007.
Housing ACT, dated 9 November 2007.
Legislative Assembly Secretariat, dated 9 November 2007.
Shared Services Centre, dated 9 November 2007.
Superannuation Provision Account, dated 9 November 2007.
I ask leave to make a statement in relation to the papers.
MR STANHOPE: The government passed amendments to the Financial Management Act 1996 in May 2007 to provide for a new provision, section 16B, rollover of undispersed appropriations, which allows appropriations to be preserved from one financial year to the next, as outlined in instruments signed by the Treasurer.
As required by the act, I table a copy of authorisations made to rollover undispersed appropriations from 2006-07 to 2007-08. This package includes 13 instruments signed under section 16B. The appropriation being rolled was not dispersed during 2006-07 and is still required in 2007-08 for the completion of the projects identified in the individual instruments.
The instruments authorised $23.681 million in rollovers, comprising $3.744 million of net cost of outputs; $2.444 million on behalf of the territory and $17.493 million of capital injection. These rollovers have been made as the appropriation clearly relates to the project funds and where commitments have clearly been entered into but cash not yet used. These include, for example, capital works projects or initiatives which timing of delivery has changed or delayed; where outstanding contractual or pending claims exist; or where grants remain unpaid pending recipients meeting milestones.
Significant rollovers impacting the net cost of outputs include: $1.3 million to maintain the balance of the restructure fund to allow for further restructuring, as