Page 1861 - Week 06 - Thursday, 9 May 2013
UC is aiming to grow student numbers from approximately 10,500 equivalent full-time student load to 16,500 by 2018. This growth in student numbers will increase the number of interstate and international students studying at the university and will in turn increase the demand for student accommodation. To assist with the university’s expansion plans to grow enrolments and to add to its existing accommodation stock, I have approved the credit facility from the territory to finance the wing 4 Cameron office project. This project builds on the purchase and redevelopment of wing 5 Cameron in 2011-12 and the on-campus 1 development which commenced last year.
Given the timing and significance of this project in the context of the overall strategy, the credit facility approval process is being pursued outside the forthcoming 2013-14 budget process to enable loan funding to commence as early as this June to allow for delivery of the project within the construction deadline for commencement of enrolments for the commencement of the 2014 academic year. The university’s expansion plans are a boost to the territory. They create jobs, help the university grow and further enhance the territory’s education sector.
Financial Management Act—instrument
Paper and statement by minister
MR BARR (Molonglo—Deputy Chief Minister, Treasurer, Minister for Economic Development, Minister for Sport and Recreation, Minister for Tourism and Events and Minister for Community Services): For the information of members, I present the following paper:
Financial Management Act, pursuant to section 14—Instrument directing a transfer of funds within the Environment and Sustainable Development Directorate, including a statement of reasons, dated 2 and 3 May 2013.
I seek leave to make a statement in relation to the paper.
MR BARR: As required by the Financial Management Act 1996, I table an instrument issued under section 14 of that act. Section 14 of the act, “Transfer of funds between appropriations”, allows for the transfer of funds between appropriations, as endorsed by me and another minister. Under 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.
This instrument transfers $631,000 of the Environment and Sustainable Development Directorate’s controlled capital injection appropriation to the net costs of outputs appropriation. The transfer relates to three transport planning projects which were originally appropriated as controlled capital injection. I commend this instrument to the Assembly.