A parliamentary question seeking details on Treasury Corporation accounts holding Royalties for Regions funds, including balances, acquittals, and budget changes. The answer indicates no direct budget cuts but highlights ongoing reviews for value for money.

AnsweredQoN 2101Legislative Assembly
Asked
10 October 2017
Portfolio
Treasurer

QuestionView source ↗

Can the Treasurer please provide details of all Treasury Corporation accounts that hold previously approved Royalties for Regions Funds on behalf of regional proponents, including: (a) cash balances of each account; (b) details of acquittals to date; (c) any changes (including cuts) made to these accounts as part of the 2017-2018 State Budget; (d) if changes have been made the reasons why they have been made; and (e) if changes haven't been made; confirmation that balances and approvals will remain unchanged?

AnswerView source ↗

Answered
21 November 2017
Response time
12 days
(a) – (b) [See tabled paper no.   ]
(c) There were no policy decisions as part of the 2017-18 Budget process that impacted the balances of these accounts.
(d) Not applicable.
(e) The Royalties for Regions balances provided in (a) generally represent the estimated cost of a Government commitment – the costs of delivering these commitments may change relative to estimates. The Government is continuing to review all commitments to ensure they are delivering value for tax payer dollars.

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