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Tuesday, 12 May 2009
Page: 3554


Mr Hockey asked the Minister for Finance and Deregulation, in writing, on 1 December 2008:

(1)   Which agencies and departments in the Minister’s portfolio will return money to budget in the 2008-09 financial year as a result of underspends in the 2007-08 financial year; and what sum of money will be returned to budget from these programs.

(2)   From 1 December 2007 to 30 June 2008, what sum of money has the Government committed to spending under Regulation 10 of the Financial Management and Accountability Act 1997 for applicable departments and agencies under the Minister’s portfolio; and how much of this commitment was approved: (a) at the department and agency level; and (b) by the Minister for Finance and Deregulation.

(3)   What sum of depreciation funding: (a) is available for each department and agency in the Minister’s portfolio as at 30 June 2008; (b) was spent by each department and agency in the Minister’s portfolio in the 2007-08 financial year; and (c) was spent by each department and agency in the Minister’s portfolio in the 2007-08 financial year to directly replace assets for which it was appropriated.


Mr Tanner (Minister for Finance and Deregulation) —The answer to the honourable member’s question is as follows:

(1)   The Department of Finance and Deregulation (Finance), including its portfolio agencies will return a total of $204.94m in the 2008-09 financial years as a result of underspends in the 2007-08 financial year. This consists of a $5.0m return of unused T3 sale funding, and $199.94m return of annual administered operating appropriations pursuant to section 8 of the Appropriation Act (No.1) 2007-08.

(2)   For the period 1 December 2007 to 30 June 2008 spending proposals of up to $480.8m, inclusive of contingent liabilities were authorised within the Finance and Deregulation Portfolio, under Regulation 10 of the Financial Management and Accountability Regulations 1997 (FMA Regulations). Specifically, $459.8m was authorised for Finance, $12.1m for ComSuper, and $8.89m authorised for the Australian Electoral Commission. Of the Finance portfolio total, $383.7m (inclusive of contingent liabilities) was authorised under the Fleet Management Agreement which relates to the lease and management of vehicles under the whole-of-government vehicle fleet contract.

(a)   Officials in the Finance portfolio authorised spending proposals of up to $97.1m under FMA Regulation 10.

(b)   The Minister for Finance and Deregulation provided FMA Regulation 10 authorisation for the Fleet Management Agreement, which involved a spending proposal of $383.7m.

(3)   In the 2007-2008 financial year Finance, including its portfolio agencies, expensed a total of $43.77m of depreciation and amortisation (refer 2007-08 agency Annual Reports).

Agency

 ($000’s)

Finance

32,159

AEC

5,341

FFMA

556

ARIA

370

ComSuper

5,339

Total

43,765

Depreciation funding contributes to total budget appropriations and is allocated to agency priorities on the basis of need.  The Government does not try to allocate funding from particular sources to particular programs.