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Wednesday, 28 October 1970

Mr Wallis asked the Treasurer, upon notice:

(1)   When is it expected that the next actuarial investigation of the Commonwealth Superannuation Fund will be carried out.

(2)   How long is it expected to take for (a) the results of this investigation to be made available and (b) any necessary adjustments to be made to Commonwealth Superannuation Fund pensions.

Mr Bury - The answer to the honourable member's question is as follows:

(1)   The Commonwealth Actuary has already commenced work on the Ninth Quinquennial investigation of the Superannuation Fund for the period 1st July 1962 to 30th June 1967.

(2)   (a) The investigation cannot be completed until all the data required by the Actuary has been made available to him by the Superannuation Board. A large proportion of the necessary data has already been furnished by the Board, but additional material, related to the retrospective application of the non-contributory provisions of the scheme (Act No. 26 of 1969), is not expected to be available until the end of this year. In the normal course, the Actuary's Report could be expected to be available by the end of the second quarter of 1971.

(b)   It should not be assumed that this actuarial investigation will disclose surplus assets which would lead to adjustments in existing Commonwealth Superannuation Fund pensions. In any case, increases in these pensions are not usually met from the accumulated contributions in the Superannuaton Fund but direct from Consolidated Revenue.

Water Conservation (Question No. 1757)

Mr Kirwan asked the Minister for

National Development, upon notice:

(1)   Has the Western Australian Government sought Commonwealth assistance for water conservation and irrigation projects during the past 1 2 months; if so, what were these projects.

(2)   What was the order of priority set down for individual projects.

(3)   What amount was sought for each of these projects.

(4)   Which of these projects have been examined and assessed by the Commonwealth.

(5)   When is a decision likely to be made on the financial assistance to be granted.

Mr Swartz - The answer to the honourable member's question is as follows:

(1)   The Western Australian Government has sought Commonwealth financial assistance during the last 12 months for the following water conservation and irrigation projects under the National Water Resources Development Programme:

(a)   The Comprehensive Agricultural Areas Water Supply Scheme to cover cost escalation of works in progress.

(b)   Upgrading of the old gold fields water supply branch mains.

(c)   Key stock water dams outside the Comprehensive Water Supply Scheme boundaries (approximately ten dams).

(d)   Dam on the Lefroy Brook in the Manjimup area.

(e)   Dam on Thompson's Brook in the Preston Valley.

(f)   Flood mitigation levees at Carnarvon.

(g)   Dam on the Gascoyne River at Rocky Pool about 30 miles from Carnarvon.

(h)   Dam on the Harvey River.

(2)   The above list is in the order given in the Western Australian Submission but no mention was made of particular priorities.

(3)   For the projects listed in (I) above, the estimated costs prepared by the Western Australian Government for each project are as follows:

(a)   $4,568,000

(b)   $1,500,000

(c)   $1,000,000

(d)   $4,850,000

(e)   $400,000

(f)   $450,000

(g)   $7,000,000

(h)   $5,500,000

There is no indication of any particular proportion of the costs being sought from the Commonwealth.

(4)   Because of the large number of projects with considerable detail which have been submitted to the Commonwealth for financial assistance under the Programme, it has not been possible to complete the examination and assessment of any of the Western Australian submissions.

(5)   As indicated in (4) above, a large number of detailed submissions have been received from all States and it is not possible at this stage to give any indication of whether financial assistance will be granted or when an announcement is likely to be made.

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