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Tuesday, 13 March 2012
Page: 2784

Finance and Deregulation: Portfolio Entities

(Question No. 810)

Mr Fletcher asked the Minister representing the Minister for Finance and Deregulation, in writing, on 7 February 2012:

How many departments, agencies, commissions, Government owned corporations or other such bodies have been created within the Minister's portfolio since 24 November 2007 (excluding existing departments that have been re-named or merged into a larger entity), what is the name of each such entity, and how many fulltime equivalent employees did each such entity have at the end of 2011.

Mr Swan: The Minister for Finance and Deregulation has supplied the following answer to the honourable member's question:

No new Financial Management and Accountability Act 1997 bodies have been added to the Finance and Deregulation portfolio. One new Commonwealth Authority and Companies Act 1997 body, the Albury-Wodonga Development Corporation, became a Commonwealth authority through amendments made to the Act on 1 July 2009.

The Albury-Wodonga Development Corporation had six fulltime equivalent employees at 31 December 2011.

The Future Fund Board of Guardians makes use of subsidiaries to facilitate its investment program in accordance with the Future Fund Act 2006 and the Investment Mandate Directions issued by the responsible Ministers. Details are provided in note 15 of the Consolidated Financial Statements in the Future Fund's 2010-11 Annual Report.

None of these subsidiaries employs staff.