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❓ Question on Notice regarding a 10% underspend provision within the Royalties for Regions Asset Investment Program and other potential underspend provisions in the State Budget's Asset Investment Program. The answer refers to another question, QoN 1640.

AnsweredQoN 1641Legislative Assembly

Asked

5 December 2013

Member

Mr B.S. Wyatt

Portfolio

Treasurer

QuestionView source ↗

I refer to page 182 of Budget Paper No. 2 (Volume 1) and the 10 per cent underspend provision contained in the Royalties for Regions Asset Investment Program, and ask: (a) why was an underspend provision developed; (b) when did the Government make a decision about including a 10 per cent underspend provision; (c) was the underspend provision introduced as a result of advice or recommendations from the Department of Treasury, and if so, when was that advice provided; (d) if the full 110 per cent allocation for each asset is not spent, what happens to the unspent monies that have not been utilised; (e) does the 2013–2014 State Budget contain any other underspend provision for any other part of the Asset Investment Program outside of Royalties for Regions; (f) if the answer to (e) is yes: (i) which programs attract an allocation of a 10 per cent underspend provision and what is the value of the underspend provision for each program; (ii) what is the total underspend allocation for the Government’s entire Asset Investment Program for the 2013–2014 financial year; and (iii) what is the total underspend allocation for the Government’s entire Asset Investment Program for the 2013–2014 financial year and the forward estimates; and (g) if the answer to (e) is no, why are other parts of Government exempt from the allocation of an underspend provision?