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ESTIMATES COMMITTEE B : 20/10/1992 : [Senate Estimates]

QUESTIONS ON NOTICE The following questions were placed on notice: Senator Short to the Department of the Treasury Commonwealth Administrative Bodies (QUANGOS) Current list of bodies attached to the portfolio the cost of maintaining each body within the portfolio including a breakdown of such costs the function of each Commonwealth body

Date: 20/10/1992 - Collection: Committees - ID: committees/estimate/ecomw921020a_ecb.out/0000 - Source: SENATE

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ESTIMATES COMMITTEE B : 20/10/1992 : Start of Business : [Senate Estimates]

SENATE Tuesday, 20 October 1992 ESTIMATES COMMITTEE B Members Senator Burns (Chairman) Senator Devereux Senator Hill*++ Senator Loosley Senator Short@ Senator Teague# *Senator MacGibbon to replace Senator Hill for the consideration of the estimates of the Department of Defence. @Senator Durack to replace Senator Short for the consideration of the estimates of

Date: 20/10/1992 - Collection: Committees - ID: committees/estimate/ecomw921020a_ecb.out/0001 - Source: SENATE

63

ESTIMATES COMMITTEE B : 20/10/1992 : DEPARTMENT OF THE TREASURY : [Senate Estimates]

DEPARTMENT OF THE TREASURY Proposed expenditure, $1,427,957,000 (Document A). Proposed provision, $1,272,830,000 (Document B). Expenditure from the Advance to the Minister for Finance, $35,129,195 (Document D). Consideration resumed from 19 October. In Attendance Senator McMullan, Parliamentary Secretary to the Treasurer Department of the Treasury-- Dr A. Preston, Deputy Secretary, Structural and

Date: 20/10/1992 - Collection: Committees - ID: committees/estimate/ecomw921020a_ecb.out/0002 - Source: SENATE

64

ESTIMATES COMMITTEE B : 20/10/1992 : DEPARTMENT OF THE TREASURY : [Senate Estimates]

CHAIRMAN --I declare open this public meeting of Senate Estimates Committee B. Today the Committee will conclude its examination of the estimates for the Department of the Treasury. I welcome back Senator Bob McMullan and officers of the Department and remind witnesses to clearly identify themselves when called to answer questions. When the Committee adjourned

Date: 20/10/1992 - Collection: Committees - ID: committees/estimate/ecomw921020a_ecb.out/0003 - Source: SENATE

65

ESTIMATES COMMITTEE B : 20/10/1992 : DEPARTMENT OF THE TREASURY : Program 1--Economic : [Senate Estimates]

Program 1--Economic

Date: 20/10/1992 - Collection: Committees - ID: committees/estimate/ecomw921020a_ecb.out/0004 - Source: SENATE

66

ESTIMATES COMMITTEE B : 20/10/1992 : DEPARTMENT OF THE TREASURY : Program 1--Economic : Subprogram 1.4--Taxation Policy : [Senate Estimates]

Subprogram 1.4--Taxation Policy

Date: 20/10/1992 - Collection: Committees - ID: committees/estimate/ecomw921020a_ecb.out/0005 - Source: SENATE

67

ESTIMATES COMMITTEE B : 20/10/1992 : DEPARTMENT OF THE TREASURY : Program 1--Economic : Subprogram 1.4--Taxation Policy : [Senate Estimates]

Senator SHORT --I would first like to focus on the objective of the taxation policy program. I note from page 65 of the performance statement that revenues should be raised: . . . in a manner consistent with the objectives of economic efficiency, horizontal and vertical equity, cost efficiency and the Government's social and

Date: 20/10/1992 - Collection: Committees - ID: committees/estimate/ecomw921020a_ecb.out/0006 - Source: SENATE

68

ESTIMATES COMMITTEE B : 20/10/1992 : DEPARTMENT OF THE TREASURY : Program 2--Financial System : [Senate Estimates]

Program 2--Financial System

Date: 20/10/1992 - Collection: Committees - ID: committees/estimate/ecomw921020a_ecb.out/0007 - Source: SENATE

69

ESTIMATES COMMITTEE B : 20/10/1992 : DEPARTMENT OF THE TREASURY : Program 2--Financial System : [Senate Estimates]

Senator SHORT --I just want to seek your clarification, Mr Chairman. I have some questions in relation to the Foreign Investment Review Board, which is subprogram 2.1. I also have some questions in relation to the Reserve Bank. We agreed that should come under Program 2, although I am not sure which part. Can

Date: 20/10/1992 - Collection: Committees - ID: committees/estimate/ecomw921020a_ecb.out/0008 - Source: SENATE

70

ESTIMATES COMMITTEE B : 20/10/1992 : DEPARTMENT OF THE TREASURY : Program 3--Payments to or for other Levels of Government : [Senate Estimates]

Program 3--Payments to or for other Levels of Government

Date: 20/10/1992 - Collection: Committees - ID: committees/estimate/ecomw921020a_ecb.out/0009 - Source: SENATE

71

ESTIMATES COMMITTEE B : 20/10/1992 : DEPARTMENT OF THE TREASURY : Program 3--Payments to or for other Levels of Government : [Senate Estimates]

Senator KEMP --Senator McMullan will be aware of the continued complaints from New South Wales and Victoria--or the concerns that they have raised about the revenue sharing arrangements. Could you describe what the status of those is. Is any review under way, and what is the status of that review? Senator McMullan --We can

Date: 20/10/1992 - Collection: Committees - ID: committees/estimate/ecomw921020a_ecb.out/0010 - Source: SENATE

72

ESTIMATES COMMITTEE B : 20/10/1992 : DEPARTMENT OF THE TREASURY : Program 4--Corporate Services Departmental : [Senate Estimates]

Program 4--Corporate Services Departmental

Date: 20/10/1992 - Collection: Committees - ID: committees/estimate/ecomw921020a_ecb.out/0011 - Source: SENATE

73

ESTIMATES COMMITTEE B : 20/10/1992 : DEPARTMENT OF THE TREASURY : Program 4--Corporate Services Departmental : [Senate Estimates]

Senator SHORT --I wonder, Mr Chairman, if I could, on behalf of Jim Carlton, put on notice some questions relating to the Commonwealth administrative bodies that are attached to finance portfolios? Senator McMullan --Just to be clear, did you say it related to Finance rather than to Treasury, Senator Short? Senator SHORT --Sorry,

Date: 20/10/1992 - Collection: Committees - ID: committees/estimate/ecomw921020a_ecb.out/0012 - Source: SENATE

74

ESTIMATES COMMITTEE B : 20/10/1992 : DEPARTMENT OF THE TREASURY : Program 6--Taxation Administration : [Senate Estimates]

Program 6--Taxation Administration

Date: 20/10/1992 - Collection: Committees - ID: committees/estimate/ecomw921020a_ecb.out/0013 - Source: SENATE

75

ESTIMATES COMMITTEE B : 20/10/1992 : DEPARTMENT OF THE TREASURY : Program 6--Taxation Administration : [Senate Estimates]

CHAIRMAN --This program begins on page 175. Before we go to questions, Senator Alston has supplied us with some questions which he would like to put on notice, if the Minister would agree to look after those. They range across the whole of the estimates for Treasury. Senator McMullan --Yes. [The questions appear

Date: 20/10/1992 - Collection: Committees - ID: committees/estimate/ecomw921020a_ecb.out/0014 - Source: SENATE

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