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Thursday, 13 October 2011
Page: 7484

First Home Saver Accounts

(Question No. 1013)

Senator Cormann asked the Minister representing the Treasurer, upon notice, on 22 August 2011:

With reference to the First Home Saver Accounts, including program and administrative expenses, what is the total amount budgeted for this program for each of the following financial years: (a) 2011-12; (b) 2012-13; (c) 2013-14; and (d) 2014-15.

Senator Wong: The Treasurer has provided the following answer to the honourable senator's question:

The administered expenses for the program for the financial years requested are shown on page 212 of the Treasury's portfolio budget statement. http://www.treasury.gov.au/documents/2027/PDF/08_ATO.pdf

Departmental funding for the ATO's administration of the First Home Saver Accounts measure was agreed as part of the 2008-09 Budget. The ATO's departmental resourcing for 2011-12 is $12.503 million as set out on page 159 of the 2008-09 Portfolio Budget Statements - Treasury Portfolio. This funding is ongoing from 2012-13.