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Monday, 2 May 2016
Page: 3946


Dr HENDY (Eden-MonaroAssistant Cabinet Secretary and Assistant Minister for Finance) (12:04): I move:

That this bill be now read a second time.

Supply Bill (No. 2) 2016-2017 along with Supply Bill (No. 1) 2016-2017, which I have just introduced, and Supply (Parliamentary Departments) Bill (No. 1) 2016-2017, which I hope to introduce shortly, are the supply bills for the first part of 2016-17.

Supply Bill (No. 2) 2016-2017 provides for appropriations that are not for the ordinary annual services of government, such as for capital works and for services and payments to states, territories and local governments, broadly until about the end of November.

This bill seeks approval for appropriations from the Consolidated Revenue Fund of just over $6 billion.

The bill must be passed in this session to ensure funding is available to all entities from 1 July 2016, thereby ensuring the continuity of program and service delivery.

The provisions in the bill are generally based on five-twelfths of the estimated 2016-2017 annual appropriation, the same approach as for Supply Bill (No. 1) 2016-2017.

The bill also provides the debit limit for the Nation-building Funds, the Building Australia Fund and the Education Investment Fund; the general purpose financial assistance payments; and the national partnership payments. The debit limits relate to the estimated expenditure for the first part of 2016-17.

As with Supply Bill (No. 1) 2016-2017, this bill seeks provision only for appropriate money to fund government expenditure on an interim basis until appropriation bills have passed. It does not include budget measures.

This arrangement allows for Appropriation Bill (No. 2) 2016-2017, or a similar bill, to be passed in 2016-2017 by the new parliament if necessary.

Details of the proposed expenditure are set out in the schedules to the bill and the portfolio budget statements tabled in the parliament with the budget appropriation bills.

I commend the bill to the House.

Debate adjourned.

Leave granted for second reading debate to resume at a later hour this day.