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Legislative Assembly for the ACT: 2006 Week 7 Hansard (15 August) . . Page.. 2154..


MR STANHOPE (continuing):

The structure and scope of annual reporting requirements have been reviewed as part of the budget process. The structure of annual reporting will change significantly in 2006-07 to streamline reporting requirements. I will introduce legislative amendments later this year to implement these changes.

The annual reports directions require responsible ministers to provide reports to the Speaker who, in turn, is required under the act to provide them to the members of the Assembly. This must occur before the end of September. Annual reports will also be made publicly available at that time.

Under the act, I may declare a day before the end of September on which reports are to be presented to the ministers by reporting entities. To facilitate the provision of reports, I propose to declare 22 September 2006 as the date by which reports must be provided to ministers. All reports must include audited financial statements and performance statements when presented.

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 and Minister for the Arts): For the information of members, I present:

Financial Management Act, pursuant to section 18A-

Authorisation of Expenditure from the Treasurer's Advance to the ACT Emergency Services Authority, including a statement of reasons, dated 8 June 2006.

Authorisation of Expenditure from the Treasurer's Advance to the Department of Economic Development, including a statement of reasons, dated 23 June 2006.

Authorisation of Expenditure from the Treasurer's Advance to the Department of Economic Development, including a statement of reasons, dated 26 June 2006.

Authorisation of Expenditure from the Treasurer's Advance to the Legislative Assembly, including a statement of reasons, dated 20 June 2006.

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

Leave granted.

MR STANHOPE: As required by the Financial Management Act, I table four instruments issued during June 2006. Under section 18A of the act, the direction and the statement of reasons for the above instruments must be tabled in the Assembly within three sitting days of being given.

The instruments provide for additional funding for the ACT Emergency Services Authority for unforeseen and unavoidable expenditure incurred by the ESA, as well as $1 million to the Department of Economic Development to meet a longstanding commitment to the John Curtin School of Medical Research at the ANU. This


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