Legislative Assembly for the ACT: 2015 Week 01 Hansard (Tuesday, 10 February 2015) . . Page.. 64 ..
Let us be clear: the budget is now absorbing a significant impact as a result of the asbestos eradication scheme but, consistent with the 2014-15 budget estimates, we will return the budget to broad balance in the 2016-17 fiscal year. I commend this 2014-15 budget review to the Assembly.
Financial Management Act—instruments
Papers and statement by minister
MR BARR (Molonglo—Chief Minister, Treasurer, Minister for Economic Development, Minister for Urban Renewal and Minister for Tourism and Events): For the information of members, I present the following papers:
Financial Management Act—Instruments, including statements of reasons, pursuant to—
Section 16—Directing a transfer of appropriations from the Community Services Directorate to the Chief Minister, Treasury and Economic Development Directorate, dated 16 December 2014.
Section 16B—Authorising the rollover of undisbursed appropriation of—
Territory and Municipal Services Directorate, dated 16 December 2014.
Education and Training Directorate, dated 16 January 2015.
Environment and Planning Directorate, dated 15 December 2014.
Justice and Community Safety Directorate, dated 16 December 2014.
Community Services Directorate, dated 16 December 2014.
Exhibition Park Corporation, dated 16 December 2014.
I ask leave to make a statement in relation to the papers.
MR BARR: As required by the Financial Management Act, I am tabling this afternoon seven instruments issued under section 16 and 16B, as I have just mentioned, 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 16 of the Financial Management Act provides that the Treasurer may, by instrument, transfer the responsibility for a service or function from an entity for which the appropriation is made to another entity.
This afternoon this package includes one instrument that facilitates the transfer of $533,000, the net cost of outputs appropriation, and $517,000 of capital injection controlled appropriation from the Community Services Directorate to the Chief Minister, Treasury and Economic Development Directorate for projects that are related to artsACT and community facilities which were transferred from the Community Services area to the Chief Minister, Treasury and Economic Development area, consistent with administrative arrangements 2014 (No 1) of 4 July 2014.