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Tuesday, 8 May 2012
Page: 4195

Mr BRADBURY (LindsayAssistant Treasurer and Minister Assisting for Deregulation) (20:11): I move:

That this bill be now read a second time.

Appropriation Bill No. 6 provides additional funding to agencies for:

requirements for departmental equity injections; and

requirements to create or acquire administered assets and to discharge administered liabilities.

The total additional appropriation being sought in Appropriation Bill (No. 6) 2011-2012 is $140.5 million, the more significant amount of which I will now outline.

The Department of Health and Ageing will receive $119.9 million in this bill. This relates to a re-appropriation of operating appropriation as capital appropriations for IT infrastructure for the Personally Controlled Electronic Health Record initiative. The bill also provides funding to support replenishment of the National Medical Stockpile.

The remaining amounts that appear in bill 6 relate to estimates variations, minor reclassifications and other minor measures.

I would like to turn now to the General Drawing Rights Limit for the nation-building funds, which specify the maximum limit on payments from the funds in a financial year exclusive of GST. The General Drawing Rights Limit for the Building Australia Fund proposed in this bill will increase the limit declared in Appropriation Act (No. 4) 2011-12. The change recognises adjustments in the timing of payments to better reflect project milestones and previously announced funding.

Debate adjourned.