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Legislative Assembly for the ACT: 2011 Week 8 Hansard (16 August) . . Page.. 3271..


the actual expenditure from the advance was less in 2010-11 than it was in the last few years.

All requests for access to the Treasurer's advance are subject to an agency's final cash requirements at the end of the financial year and all reasonable actions are expected to be taken during the financial year. It stands to reason that almost all of the authorisation from the advance will therefore be made towards the end of the financial year.

Details of each payment are outlined in the summary that I tabled. I commend the paper to the Assembly. I move:

That the Assembly takes note of the paper.

MR SMYTH (Brindabella) (4.04): Having just received the report, I will go through it in detail and read it much closer when the Assembly ceases sitting this afternoon, but it is good to see that the government is in fact not spending to the limit of the credit card. Perhaps we should give the outgoing Treasurer the credit for reducing it by $9.7 million and wait to see how tough the incoming Treasurer can be in regard to the spending of his colleagues. It is worth noting that some of this I think you can characterise as unexpected, but certainly a fair percentage of the expenditure over the course of the year is just simply cost pressures inside the departments, and you have to question the government's commitment to living within its budgets.

That said, we look forward to a Treasurer who can reduce, draw down on the Treasurer's advance even further and we will have the same debate this time next year, no doubt.

Question resolved the affirmative.

Financial Management Act—consolidated financial report

Paper and statement by minister

MR BARR (Molonglo—Deputy Chief Minister, Treasurer, Minister for Economic Development, Minister for Education and Training and Minister for Tourism, Sport and Recreation): For the information of members, I present the following paper:

Financial Management Act, pursuant to section 26—Consolidated Financial Report—Financial quarter ending 30 June 2011.

I ask leave to make a statement in relation to the paper.

Leave granted.

MR BARR: I present to the Assembly the June quarter 2011 consolidated financial report for the territory. This report is required under section 26 of the Financial Management Act. The results presented in this report are interim results and are unaudited. It is almost certain that changes will occur following the preparation and auditing of the annual consolidated financial report. I am advised that changes during


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