Page 1199 - Week 05 - Thursday, 4 June 2020

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include that the leases can be issued only for an authorised use as an education facility, and that development conditions of the lease must be consistent with the precinct deed.

The final clause in the bill which amends the regulation is the addition of a sunset provision, the same type of provision as the one in the act, so that these sections will be removed from the legislation if the proposed UNSW campus does not proceed.

The last clauses in the bill amend the Land Titles Act. As clause 8 of the bill effectively creates a new type of lease restriction which is particular to the UNSW leases, this new restriction is added to the Land Titles Act, which means that the registrar-general must record this restriction in the register against the leases. The last clause in the bill contains sunset provisions for the Land Titles Act.

In conclusion, this is an important piece of legislation which will facilitate another world-class university establishing itself here in the ACT, further cementing the territory as the knowledge capital.

I commend the bill to the Assembly.

Debate (on motion by Mr Parton) adjourned to the next sitting.

Financial Management Amendment Bill 2020

Mr Barr, pursuant to notice, presented the bill, its explanatory statement and a Human Rights Act compatibility statement.

Title read by Clerk.

MR BARR (Kurrajong—Chief Minister, Treasurer, Minister for Social Inclusion and Equality, Minister for Tourism and Special Events and Minister for Trade, Industry and Investment) (10.28): I move:

That this bill be agreed to in principle.

This very straightforward piece of legislation is required to ensure the ongoing operations of government and to provide economic support in a continuation of critical services to the ACT community. Following the commonwealth’s decision to delay the federal budget until 6 October 2020, all states and territories have made legislative changes and modified their 2020-21 budgets and appropriations. All jurisdictions have increased the amount of supply and funding to be appropriated until such time that an appropriation bill and budget can be presented to their respective parliaments.

The territory’s Financial Management Act currently limits the amount of funding available during the supply period to 50 per cent of the amount appropriated by appropriation acts for the immediately previous financial year. Generally, this would be sufficient expenditure for the continued delivery of critical services by government and to the community. However, this year we have the added complexity of COVID-19, no federal budget, and an election caretaker period.


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