Page 5102 - Week 14 - Tuesday, 17 November 2009

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David Foot, dated 19 October 2009.

Eric Swan, dated 29 September 2009.

Floyd Kennedy, dated 30 September 2009.

Greg Kent, dated 30 September 2009.

Katrina Bracher, dated 6 October 2009.

I seek leave to make a statement in relation to the papers.

Leave granted.

MR STANHOPE: Mr Speaker, I present another set of executive contracts. These documents are tabled in accordance with sections 31A and 79 of the Public Sector Management Act, which require the tabling of all chief executive and executive contracts and contract variations. Contracts were previously tabled on 30 October 2009, but today, I present two long-term contracts, 18 short-term contracts, and 10 contract variations. The details of the contracts will be circulated to members.

Financial Management Act

Paper and statement by minister

MS GALLAGHER (Molonglo—Deputy Chief Minister, Treasurer, Minister for Health and Minister for Industrial Relations): I present the following paper, which was circulated to members when the Assembly was not sitting:

Financial Management Act, pursuant to section 26—Consolidated Financial Report—Financial quarter ending 30 September 2009.

I seek leave to make a statement in relation to the statement.

Leave granted.

MS GALLAGHER: The September quarter 2009 net operating balance for the general government sector was a surplus of $109.1 million, which is a $17.8 million improvement from the year-to-date budgeted surplus of $91.3 million. The result for the September quarter each year is typically high, given that a full year’s general rates and fire and emergency services levies are recorded at the beginning of the financial year to reflect billing arrangements.

The slightly improved year-to-date performance can be attributed to stronger revenue performance, including the continued effect of the first home owners boost program on residential conveyance, several large commercial conveyances that were transacted towards the end of last financial year and the finalisation of a number of lease conveyance transactions from 2008-09.

Over the past three months, we have also had strong returns on our equity investments due to the recovery of equity markets following the global financial crisis. The territory continues to maintain a strong balance sheet, as reflected in a number of key

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