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Legislative Assembly for the ACT: 2018 Week 8 Hansard (14 August) . . Page.. 2861 ..


whereby the developer will now complete demolition over two coming fiscal years, 2018-19 and 2019-20. The improvement also reflects the timing of project expenditure and that the Treasurer's advance was not fully called upon.

Net debt of the general government sector as at 30 June 2018 was $1,301.9 million, which was a decrease of $151 million from the 30 June 2017 result of $1.452 billion, and a decrease of $55 million from the 2017-18 estimated outcome. The net decrease in net debt for the general government sector is mainly due to the headline net operating balance surplus of $86.2 million and lower capital works expenditure by agencies which will occur in later years.

Net financial liabilities increased compared to June 2017 by $714.8 million, largely reflecting a change in the defined benefit superannuation liability estimate for 30 June 2018, based on a discount rate of 3.11 per cent, compared to 3.51 per cent at 30 June 2017. I commend the June quarterly report to the Assembly.

Paper

Mr Gentleman presented the following paper:

Loose Fill Asbestos Insulation Eradication Scheme—Implementation—Report—1 January to 30 June 2018.

Planning and Urban Renewal—Standing Committee

Report 3—government response

MR GENTLEMAN (Brindabella—Minister for Police and Emergency Services, Minister for the Environment and Heritage, Minister for Planning and Land Management and Minister for Urban Renewal) (3.32): For the information of members, I present the following paper:

Planning and Urban Renewal—Standing Committee—Report 3—Draft Variation to the Territory Plan No 344 Woden Town Centre: Zone Changes and Amendments to the Phillip Precinct Map and Code—Government response.

I move:

That the Assembly take note of the paper.

Question resolved in the affirmative.

Planning and Development Act—variation No 329 to the Territory Plan

Paper and statement by minister

MR GENTLEMAN (Brindabella—Minister for Police and Emergency Services, Minister for the Environment and Heritage, Minister for Planning and Land Management and Minister for Urban Renewal) (3.32): For the information of members, I present the following paper:


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