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Legislative Assembly for the ACT: 2015 Week 8 Hansard (4 August) . .

Page.. 2228..


Territory-owned Corporations Act, pursuant to subsection 9(2)—Icon Water Limited—Summary of changes to the constitutions of subsidiary companies—Statement to the Assembly.

Financial Management Act—instruments

Paper and statement by minister

MR BARR (Molonglo—Chief Minister, Treasurer, Minister for Economic Development, Minister for Urban Renewal and Minister for Tourism and Events): For the information of members, I present the following paper:

Financial Management Act, pursuant to section 18A—Statement of authorisation of expenditure from the Treasurer's Advance in 2014-2015, including a statement of reasons.

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

Leave granted.

MR BARR: Section 18A(3) of the Financial Management Act 1996 requires that where I as Treasurer have authorised Treasurer's advance expenditure under section 18, I must present to the Legislative Assembly within three sitting days after the end of the financial year a summary of the total expenditure authorised for that financial year. The appropriation act for 2014-15 provided $29.5 million for the Treasurer's advance. The final expenditure against the Treasurer's advance was $29.033 million.

The Treasurer's advance is made available for urgent and unforeseen expenditure. Details of the expenditure authorised during 2014-15 are provided in the statement of authorisation. On each occasion, other avenues of cash management were explored prior to providing a Treasurer's advance to the relevant agency. I present the statement of authorisation and commend the paper to the Assembly.

Papers

Mr Barr presented the following papers:

Financial Management Act—Instruments, including statements of reasons, pursuant to:

Section 15—Directing a transfer of funds between output classes within the Chief Minister, Treasury and Economic Development Directorate, dated 30 June 2015.

Section 16—Directing a transfer of appropriations from the Justice and Community Safety Directorate to Chief Minister, Treasury and Economic Development Directorate, excluding a statement of reasons, dated 18 June 2015.

Section 16A—Authorising appropriation for payment of accrued employee entitlements within—


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