❓ Dr. Steve Thomas questions the Treasurer about the balances and expected expenditure timelines of 12 special purpose accounts created since 2017. The Minister provides a table with information on 30 accounts, including balances as of August 17, 2022, estimated balances for June 30, 2023, and estimated operating periods.
AnsweredQoN 704Legislative Council
QuestionView source ↗
FINANCIAL MANAGEMENT ACT — SPECIAL PURPOSE
ACCOUNTS
704. Hon Dr STEVE THOMAS to the minister representing the
Treasurer:
I refer to the Treasurer's
12 special purpose accounts created since the election of the McGowan
government in 2017, as indicated in supplementary information A7 of the May
Legislative Assembly estimates.
(1) What is the current balance of
each of the 12 accounts?
(2) What is the expected balance of
each account as at 30 June 2023?
(3) Over how many years is the
current balance of each account expected to be fully expended?
ACCOUNTS
704. Hon Dr STEVE THOMAS to the minister representing the
Treasurer:
I refer to the Treasurer's
12 special purpose accounts created since the election of the McGowan
government in 2017, as indicated in supplementary information A7 of the May
Legislative Assembly estimates.
(1) What is the current balance of
each of the 12 accounts?
(2) What is the expected balance of
each account as at 30 June 2023?
(3) Over how many years is the
current balance of each account expected to be fully expended?
AnswerView source ↗
On behalf of the Minister for
Emergency Services, I thank the honourable member for some notice of the
question.
(1)–(3) Information
relating to the Treasurer's 30 special purpose accounts indicated in
Legislative Assembly 2022–23 budget estimates supplementary information
A7 has been provided in a tabular format. I seek leave to have this information
incorporated into Hansard .
[Leave granted for the following
material to be incorporated.]
Treasurer's Special
Purpose Account (TSPAs)
Balance as at17 August 2022 ($m)
Estimated Balance on 30
June 2023($m)
Estimated Operating Period
Accrued Salaries
295
302
Ongoing
Bankwest Pension Trust
1
1
< 1 year
Commonwealth Payments for
Specific Purposes Account
30
11
< 1 year
Holding Account 1
17,311
18,458
Ongoing
Independent
schools – recurrent grants schools assistance acts
0
0
Ongoing
Independent schools –
general building grants
0
0
Ongoing
Jervoise Bay Infrastructure
Development Trust Account
11
11
Ongoing
Local Authorities Tax Sharing
Entitlements Account
0
0
Ongoing
Mortgage Moneys Under the
Transfer of Land Act 1893 1
0
0
Ongoing
Non-government schools –
other recurrent grants
0
0
Ongoing
Perry Lakes Maintenance
Account 1
4
2
Ongoing
Perth Children's Hospital Account
0
0
Closed
The New Perth Stadium Account
23
0
< 1 year
Public Bank Account Interest
Earned Account 1
92
117
Ongoing
Royalties for Regions Fund 1
959
1,000
Ongoing
Statutory Authorities
Investment Account 1
1
1
Ongoing
Tariff Equalisation Fund 1
0
0
Ongoing
Western Australian Future
Research and Innovation Fund
1,671
1,664
Ongoing
Debt Reduction Account
0
0
Ongoing
National Redress Scheme and
Civil Litigation for Survivors of Institutional Child Sexual Abuse Account
27
120
7 years
Noongar Land Fund
3
0
< 1 year
WA Government Strategic
Alliance Fund
2
1
< 1 year
Receipts in Suspense/Clearing Account
3
1
< 1 year
Temporary Access Contribution
Account 1
1
0
< 1 year
New Women and Babies Hospital
Account
1,787
1,777
Ongoing
Digital Capability Fund
419
573
4 years
Social Housing Investment Fund
750
516
4 years
Softwood Plantation Expansion Account
350
299
10 years
Climate Action Fund
167
576
4 years
Remote Communities Fund
0
300
4 years
1 TSPA created by legislation.
Emergency Services, I thank the honourable member for some notice of the
question.
(1)–(3) Information
relating to the Treasurer's 30 special purpose accounts indicated in
Legislative Assembly 2022–23 budget estimates supplementary information
A7 has been provided in a tabular format. I seek leave to have this information
incorporated into Hansard .
[Leave granted for the following
material to be incorporated.]
Treasurer's Special
Purpose Account (TSPAs)
Balance as at17 August 2022 ($m)
Estimated Balance on 30
June 2023($m)
Estimated Operating Period
Accrued Salaries
295
302
Ongoing
Bankwest Pension Trust
1
1
< 1 year
Commonwealth Payments for
Specific Purposes Account
30
11
< 1 year
Holding Account 1
17,311
18,458
Ongoing
Independent
schools – recurrent grants schools assistance acts
0
0
Ongoing
Independent schools –
general building grants
0
0
Ongoing
Jervoise Bay Infrastructure
Development Trust Account
11
11
Ongoing
Local Authorities Tax Sharing
Entitlements Account
0
0
Ongoing
Mortgage Moneys Under the
Transfer of Land Act 1893 1
0
0
Ongoing
Non-government schools –
other recurrent grants
0
0
Ongoing
Perry Lakes Maintenance
Account 1
4
2
Ongoing
Perth Children's Hospital Account
0
0
Closed
The New Perth Stadium Account
23
0
< 1 year
Public Bank Account Interest
Earned Account 1
92
117
Ongoing
Royalties for Regions Fund 1
959
1,000
Ongoing
Statutory Authorities
Investment Account 1
1
1
Ongoing
Tariff Equalisation Fund 1
0
0
Ongoing
Western Australian Future
Research and Innovation Fund
1,671
1,664
Ongoing
Debt Reduction Account
0
0
Ongoing
National Redress Scheme and
Civil Litigation for Survivors of Institutional Child Sexual Abuse Account
27
120
7 years
Noongar Land Fund
3
0
< 1 year
WA Government Strategic
Alliance Fund
2
1
< 1 year
Receipts in Suspense/Clearing Account
3
1
< 1 year
Temporary Access Contribution
Account 1
1
0
< 1 year
New Women and Babies Hospital
Account
1,787
1,777
Ongoing
Digital Capability Fund
419
573
4 years
Social Housing Investment Fund
750
516
4 years
Softwood Plantation Expansion Account
350
299
10 years
Climate Action Fund
167
576
4 years
Remote Communities Fund
0
300
4 years
1 TSPA created by legislation.
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