Page 3019 - Week 08 - Thursday, 17 August 2017
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d) All previous Senior Commissioners of the ICRC were Canberra-based.
(4) The ICRC operates largely on a cost recovery basis, seeking to recover the actual costs incurred by the ICRC in undertaking regulatory activities for regulated entities. Costs are recovered through a number of mechanisms, including annual licence fees for utilities, the energy industry levy for all energy operators and direct reimbursement by regulated entities for the costs associated with major pricing investigations.
(5) It is a decision of regulated entities as to how and if they choose to pass on regulatory costs to their customers, incurred as a result of regulation undertaken by the ICRC.
Budget
(Question No 317)
Mr Coe asked the Treasurer, upon notice, on 9 June 2017:
(1) What is the total amount of capital and current funding that remains unallocated in the ACT Budget in the financial years (a) 2017-18, (b) 2018 19, (c) 2019-20 and (d) 2020-21.
(2) In the financial years (a) 2017-18, (b) 2018-19, (c) 2019-20 and (d) 2020-21 what is the total amount of (i) unallocated capital works provisions and (ii) unallocated recurrent provisions in the ACT.
(3) What is the total projected FTE for the ACT public service in the financial years (a) 2017-18, (b) 2018-19, (c) 2019-20 and (d) 2020-21.
(4) What is the projected FTE for each ACT Directorate and agency in the financial years (a) 2017-18, (b) 2018-19, (c) 2019-20 and (d) 2020-21.
Mr Barr: The answers to parts 1 and 2 of the Member’s question are as follows:
There are two distinct types of capital and recurrent provisions – the first type includes general provisions which have not been allocated to particular agencies, while the second type includes provisions which have been set aside against specific projects and which will be allocated to the relevant agency in future budgets:
|
General provisions |
2017-18 $’000 |
2018-19 $’000 |
2019-20 $’000 |
2020-21 $’000 |
Total $’000 |
|
Infrastructure Investment Provisions (Capital)1 |
0 |
100,000 |
100,000 |
100,000 |
300,000 |
|
Capital Delivery Provision2 |
-131,176 |
-35,548 |
131,176 |
35,548 |
0 |
|
Other capital - Provision for asset sales |
0 |
-6,500 |
-6,500 |
-6,500 |
-19,500 |
|
Recurrent provisions |
41,624 |
63,464 |
83,663 |
132,983 |
321,734 |
|
Total |
-89,552 |
121,416 |
308,339 |
262,031 |
602,234 |
|
Specific project provisions |
2017-18 $’000 |
2018-19 $’000 |
2019-20 $’000 |
2020-21 $’000 |
Total $’000 |
|
Infrastructure Investment Provisions (Capital)3 |
16,000 |
63,371 |
148,858 |
238,075 |
466,304 |
|
Provision for devices for students |
4,033 |
4,053 |
4,428 |
4,652 |
17,166 |
|
Recurrent provisions4 |
42,592 |
127,988 |
223,132 |
311,308 |
705,020 |
|
Total |
62,625 |
195,412 |
376,418 |
554,035 |
1,188,490 |
Notes:
1. Refer to Table 5.2.1 (page 194) and page 200, 2017-18 Budget Paper No. 3. This is a future works provision for new initiatives in the forward years and is not allocated to any specific project.
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