Page 3626 - Week 11 - Thursday, 22 September 2005
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(3) The premiums for the above covers were:
a. 2000-01 – Not comparable, as ACTIA commenced in April 2001;
b. 2001-02 $4,595,000;
c. 2002-03 $8,006,000;
d. 2003-04 $10,587,000; and
e. 2004-05 $11,819,000.
(4) The premiums for 2005-06 will be $10,947,000.
(5) The premiums for the forward years as at Budget 2005-06 are estimated to be:
a. 2006-07 $15,235,000;
b. 2007-08 $16,052,000; and
c. 2008-09 $16,478,000.
(6) All legal costs of both (a) the Coronial Inquest and (b) the appeal against the Coroner are fully covered by the ACTIA insurance arrangements. Under ACTIA’s insurance policy, ACTIA is responsible for the first $5m of total public liability expenses in any one year, including eligible legal expenses. Claims above that are covered by external reinsurance.
(7) The amount of cover provided under the public liability reinsurance arrangements is $300m.
Finance—capital works
(Question No 462)
Mrs Burke asked the Minister for Disability, Housing and Community Services, upon notice, on 16 August 2005:
(1) In relation to Changes to Appropriation - Capital Injection, page 322, 2005-06 Budget Paper 4, what is the basis for adding an additional $5 million in the 2008-09 financial year, to the affordable housing initiative, first provided by the Government in 2004-05 for $20 million over 4 years, taking the total to $25 million over 5 years;
(2) How has the Government been able to provide for an additional $5 million for the 2008-09 financial year when, at this stage, there was no capacity to commit $10 million each year for three years to housing capital works.
Mr Hargreaves: The answer to the member’s question is as follows:
(1) The budget papers indicate that at this stage there is sufficient capacity to continue this important initiative into 2008-09; and
(2) As previously stated, the decision not to provide the $10m in 2005-06 was based on consideration of the already large capital program and budget constraints that relate to 2005-06. The provision of capital works funding to Housing ACT will be considered again in the context of the 2006-07 Budget process.
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