A WA parliamentary question seeks details on new, previously unbudgeted funding allocated in April 2007. The Treasurer's response outlines funding for shared services, tax refunds, and compensation for victims of a finance brokers scandal.

AnsweredQoN 2215Legislative Assembly
Asked
8 May 2007
Portfolio
Treasurer

QuestionView source ↗

(1) What was the total value of new funding (not previously budgeted for), that was allocated last month?
(2) What was the nature of all new funding allocated last month but not previously budgeted for?

AnswerView source ↗

Answered
12 June 2007
Response time
35 days
(2) New items, and items with approved excesses, have been funded for the purposes outlined below during the month of April 2007. Treasury and Finance Item 12: Net amount to deliver services ($2.7 million) to meet additional recurrent funding requirements for the Office of Shared Services as a result of delays in agency roll?in to the shared Corporate Services network, which has caused revenue shortfalls relative to budget projections. This amount was reflected in the 2006?07 mid?year review, released in December 2006. Item 34: Refund of Past Years Revenue Collections ($27 million) for reimbursement to taxpayers for overpayment of taxes. Item 128: Capital Contribution ($20.7 million) for additional capital funding requirements for the Office of Shared Services as a result of delays in agency roll?in to the shared Corporate Services network (which has in turn increased project costs through subsequent delays to system development and testing), and higher than expected project costs associated with building and implementing Oracle?based systems. Of this amount, $18.8 million was reflected in the 2006?07 mid?year review. Consumer and Employment Protection New Item: Compensation for victims of the Finance Brokers scandal ($30 million). Establishment of a compensation/settlement package to help compensate victims of the Finance Brokers Scandal. This amount is reflected in the estimated actual for 2006?07 published in the recent 2007?08 Budget. Similar information to that outlined here is released publicly each quarter in the Quarterly Financial Results Report .
Treasury and Finance Item 12: Net amount to deliver services ($2.7 million) to meet additional recurrent funding requirements for the Office of Shared Services as a result of delays in agency roll?in to the shared Corporate Services network, which has caused revenue shortfalls relative to budget projections. This amount was reflected in the 2006?07 mid?year review, released in December 2006. Item 34: Refund of Past Years Revenue Collections ($27 million) for reimbursement to taxpayers for overpayment of taxes. Item 128: Capital Contribution ($20.7 million) for additional capital funding requirements for the Office of Shared Services as a result of delays in agency roll?in to the shared Corporate Services network (which has in turn increased project costs through subsequent delays to system development and testing), and higher than expected project costs associated with building and implementing Oracle?based systems. Of this amount, $18.8 million was reflected in the 2006?07 mid?year review. Consumer and Employment Protection New Item: Compensation for victims of the Finance Brokers scandal ($30 million). Establishment of a compensation/settlement package to help compensate victims of the Finance Brokers Scandal. This amount is reflected in the estimated actual for 2006?07 published in the recent 2007?08 Budget. Similar information to that outlined here is released publicly each quarter in the Quarterly Financial Results Report .
Item 12: Net amount to deliver services ($2.7 million) to meet additional recurrent funding requirements for the Office of Shared Services as a result of delays in agency roll?in to the shared Corporate Services network, which has caused revenue shortfalls relative to budget projections. This amount was reflected in the 2006?07 mid?year review, released in December 2006. Item 34: Refund of Past Years Revenue Collections ($27 million) for reimbursement to taxpayers for overpayment of taxes. Item 128: Capital Contribution ($20.7 million) for additional capital funding requirements for the Office of Shared Services as a result of delays in agency roll?in to the shared Corporate Services network (which has in turn increased project costs through subsequent delays to system development and testing), and higher than expected project costs associated with building and implementing Oracle?based systems. Of this amount, $18.8 million was reflected in the 2006?07 mid?year review. Consumer and Employment Protection New Item: Compensation for victims of the Finance Brokers scandal ($30 million). Establishment of a compensation/settlement package to help compensate victims of the Finance Brokers Scandal. This amount is reflected in the estimated actual for 2006?07 published in the recent 2007?08 Budget. Similar information to that outlined here is released publicly each quarter in the Quarterly Financial Results Report .
Item 34: Refund of Past Years Revenue Collections ($27 million) for reimbursement to taxpayers for overpayment of taxes. Item 128: Capital Contribution ($20.7 million) for additional capital funding requirements for the Office of Shared Services as a result of delays in agency roll?in to the shared Corporate Services network (which has in turn increased project costs through subsequent delays to system development and testing), and higher than expected project costs associated with building and implementing Oracle?based systems. Of this amount, $18.8 million was reflected in the 2006?07 mid?year review. Consumer and Employment Protection New Item: Compensation for victims of the Finance Brokers scandal ($30 million). Establishment of a compensation/settlement package to help compensate victims of the Finance Brokers Scandal. This amount is reflected in the estimated actual for 2006?07 published in the recent 2007?08 Budget. Similar information to that outlined here is released publicly each quarter in the Quarterly Financial Results Report .
Item 128: Capital Contribution ($20.7 million) for additional capital funding requirements for the Office of Shared Services as a result of delays in agency roll?in to the shared Corporate Services network (which has in turn increased project costs through subsequent delays to system development and testing), and higher than expected project costs associated with building and implementing Oracle?based systems. Of this amount, $18.8 million was reflected in the 2006?07 mid?year review. Consumer and Employment Protection New Item: Compensation for victims of the Finance Brokers scandal ($30 million). Establishment of a compensation/settlement package to help compensate victims of the Finance Brokers Scandal. This amount is reflected in the estimated actual for 2006?07 published in the recent 2007?08 Budget. Similar information to that outlined here is released publicly each quarter in the Quarterly Financial Results Report .
Consumer and Employment Protection New Item: Compensation for victims of the Finance Brokers scandal ($30 million). Establishment of a compensation/settlement package to help compensate victims of the Finance Brokers Scandal. This amount is reflected in the estimated actual for 2006?07 published in the recent 2007?08 Budget. Similar information to that outlined here is released publicly each quarter in the Quarterly Financial Results Report .
New Item: Compensation for victims of the Finance Brokers scandal ($30 million). Establishment of a compensation/settlement package to help compensate victims of the Finance Brokers Scandal. This amount is reflected in the estimated actual for 2006?07 published in the recent 2007?08 Budget. Similar information to that outlined here is released publicly each quarter in the Quarterly Financial Results Report .
Similar information to that outlined here is released publicly each quarter in the Quarterly Financial Results Report .
Similar information to that outlined here is released publicly each quarter in the Quarterly Financial Results Report .

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