Page 3182 - Week 07 - Thursday, 30 June 2011
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Government will introduce legislative and regulatory amendments to the Assembly, which will facilitate change to ensure that the ACT maintains the high standards that our community deserves.
Financial Management Act—
Pursuant to section 16A—Instrument authorising appropriation for payment of accrued employee entitlements within the ACT Long Service Leave Authority, including a statement of reasons, dated 25 June 2011.
Mr Speaker, as required by the Financial Management Act 1996 (the Act), I table an instrument issued under Section 16A of the Act. The direction and a statement of reasons for this instrument must be tabled in the Assembly within three sitting days after it is given.
Mr Speaker, Section 16A of the Act enables the provision of additional appropriation for the payment of abnormally high levels of accrued employee entitlements, by direction of the Treasurer.
During the 2010-11 financial year, the ACT Long Service Leave Authority paid out $28,540 of long service leave entitlements, for which it did not have any funding.
The appropriation is being on-passed as a Capital Injection appropriation.
Mr Speaker, I commend this Instrument to the Assembly.
Pursuant to section 16B—Instrument authorising the rollover of undisbursed appropriation of the Department of Land and Property Services, including a statement of reasons, dated 23 June 2011.
Mr Speaker, Section 16B of the Financial Management Act 1996, ‘Rollover of Undisbursed Appropriation’, allows for appropriations to be preserved from one financial year to the next, as outlined in instrument signed by myself, as Treasurer.
As required by the Act, I table a copy of a recent authorisation made to roll over undisbursed appropriation from 2009-10 to 2010-11.
This package includes one (1) Instrument signed under Section 16B. The appropriation being rolled over was not spent during 2009-10, and is still required in 2010-11 for the completion of the projects identified in the Instrument.
The Instrument authorises a total of $4.280 million in Capital Injection (departmental) appropriation to roll over for the Department of Land and Property Services.
These rollovers have been made as the appropriation clearly relates to project funds or where commitments have been entered into, but the related cash has not yet been required or expended during the year of appropriation, for example:
where capital works projects or initiatives for which timing of delivery has changed or been delayed; or
where outstanding contractual or pending claims exist.
Details relating to the $4.280 million rollover are provided in the Instrument.
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