Page 3279 - Week 11 - Tuesday, 17 September 2013
Financial Management Act
Papers 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 papers:
Financial Management Act—Instruments, including statements of reasons, pursuant to—
Section 14—Directing a transfer of funds within the Economic Development Directorate, dated 13 September 2013.
Section 16—Directing a transfer of appropriations from the Environment and Sustainable Development Directorate to the Capital Metro Agency, dated 13 September 2013.
I ask leave to make a statement in relation to the papers.
MR BARR: As required by the Financial Management Act 1996, I table two instruments issued under sections 14 and 16 of the FMA. Advice on each instrument’s direction and the statement of reasons must be tabled in the Assembly within three sitting days after it is given. Section 14 of the FMA allows for transfers of funds between appropriations when endorsed by the executive.
This package includes one instrument which transfers $1 million of the Economic Development Directorate’s controlled capital injection appropriation to net cost of outputs. The transfer relates to the provision of funding to the ACT Brumbies for their new training facility which was originally appropriated as a capital injection for improvements to Griffith oval. The Economic Development Directorate has requested the transfer of the appropriation on the basis that the funding will be provided as a grant to the ACT Brumbies for their training facility at the University of Canberra.
Section 16 subsections (1) and (2) of the FMA allow the Treasurer to authorise the transfer of an appropriation for a service or function to another entity, allowing a change in responsibility for that service or function. This package includes one instrument that is budget neutral. The instrument facilitates the transfer of $433,000 in controlled capital injection appropriation from the Environment and Sustainable Development Directorate to the Capital Metro Agency for planning the first stage of the ACT light rail network.
Additional details regarding all instruments are provided in the statement of reasons accompanying each of the instruments I have tabled today, and I commend those instruments to the Assembly.