Dr STONE (Parliamentary Secretary to the Minister for Finance and Administration) (8:04 PM) —I move:

It is with great pleasure that I introduce Appropriation Bill (No. 2) 2005-2006, which, together with Appropriation Bill (No. 1) 2005-2006, is one of the principal pieces of legislation underpinning the first budget of the fourth term of the coalition government.

Appropriation Bill (No. 2) 2005-06 provides funding for agencies to meet:

• expenses in relation to grants to the States under section 96 of the Constitution and for payments to the Northern Territory and the Australian Capital Territory;
• administered expenses for new outcomes;
• requirements for departmental equity injections, loans and previous years’ outputs; and
• requirements to create or acquire administered assets and to discharge administered liabilities.

Appropriation Bill (No. 2) 2005-06 seeks approval for appropriations totalling $7.8 billion from the consolidated revenue fund.

Details of the proposed appropriations are set out in schedule 2 to the bill, the main features of which were outlined in the budget speech delivered by my colleague the Treasurer earlier this evening.

The three 2005-06 appropriation bills include minor technical amendments to clauses relating to relevant contingency funds to ensure that amounts provided by legislation for a particular financial year could not legally be issued in later financial years.

I commend the bill to the House.

Debate (on motion by Ms Gillard) adjourned.