Page 2038 - Week 07 - Wednesday, 28 June 2023
early 2030s—that is, within the next decade—the government will have fully funded the territory’s superannuation liability, so it will no longer be required to make a large annual budget appropriation equivalent to the benefit payments for that scheme. What this means is that the money that we currently use to meet that long-term superannuation liability will be available for other purposes, including paying down debt or financing future infrastructure.
To give people a sense of the size of that, over the next four years that budget appropriation is $1.7 billion. So, as we get into the 2030s, we will have fully met that liability. We will also have completed tax reform over its 20-year journey by the early 2030s and the territory will be well set up in the next decade and beyond, with the government having invested in 50-plus-year infrastructure assets that meet the needs of our growing city. That is the fiscal strategy: investing now, with a long-term plan to address the territory’s fiscal sustainability.
On that note, I award Mr Parton and Mr Rattenbury jointly the best interjections of the day, and ask that all further questions be placed on the notice paper.
Answers to questions on notice
Questions 1139 and 1176
MS STEPHEN-SMITH: Yesterday I provided an update for Ms Castley in relation to some outstanding questions on notice. I said yesterday that, in relation to question 1176, I thought I had seen that. I was actually thinking of 1139, which I had in fact signed. I have checked with my office and 1176 is subject to Canberra Health Services and the Health Directorate working to ensure that they are providing a response to the question on a consistent basis. We will get that to Ms Castley as soon as possible. I can confirm that that question will also cover off the question to Ms Davidson, so it will cover off both health and mental health when it is received.
Supplementary answer to question without notice
Housing ACT—asset stock
MS BERRY: I want to correct something I said earlier in response to a question by Mr Davis. I said that housing would be under construction in 2024; they will be under contract in 2025, and the whole program will be realised in 2027, when we will see a 20 per cent renewal of our public housing stock, as well as a four per cent increase.
I also want to mention additional funding that is coming our way through the federal government for more social and affordable housing in the ACT, which is through the $50 million accelerator fund from the federal government, which we have talked about previously in this space. I will be developing a plan to present to cabinet for the Chief Minister to take to first ministers, about how we spend that $50 million to enhance our existing public housing growth and renewal program. I also note—
Mr Hanson interjecting—
MS BERRY: I would prefer to build housing at the moment, Mr Hanson.
Mr Hanson interjecting—