Appropriation (Loose-fill Asbestos Insulation Eradication) Act 2014-2015 (ACT)
Appropriation (Loose-fill Asbestos Insulation Eradication) Act 2014-2015
A2014-61
Contents
Page
1 Name of Act 2
2 Commencement 2
3 Purposes of Act 2
4 Guiding principles 2
5 Definitions for Act 3
6 Terms used in Financial Management Act 3
7 Appropriations of $762 031 000—Loose-fill Asbestos Insulation Eradication Scheme 3
8 Appropriation units and output classes 4
Schedule 1 Appropriations, appropriation units and output classes 5
Appropriation (Loose-fill Asbestos Insulation Eradication) Act 2014-2015
A2014-61
An Act to appropriate money for the Loose-fill Asbestos Insulation Eradication Scheme and related purposes for the financial year that began on 1 July 2014
The Legislative Assembly for the Australian Capital Territory enacts as follows:
Name of Act
This Act is the Appropriation (Loose-fill Asbestos Insulation Eradication) Act 2014-2015.
Commencement
This Act commences, or is taken to have commenced, on 1 July 2014.
Purposes of Act
This Act is made for the purposes of—
(a)the Self-Government Act, section 57 and section 58; and
(b)the Financial Management Act, section 6 and section 8.
Guiding principles
The guiding principles of the appropriation are to—
(a)eliminate, by demolishing all known affected houses, the ongoing risk of exposure to loose-fill asbestos insulation for home owners, tenants, tradespeople and the wider community; and
(b)provide, so far as is possible and reasonable, a fair outcome for owners of affected homes, including the ability for affected home owners to retain ownership of their land; and
(c)provide, so far as is possible and reasonable, flexibility and options for informed choices to be made by owners of affected homes; and
(d)minimise overall net costs to the Canberra community and the ACT Government (thereby minimising the flow-on impact to other government policy and program delivery areas).
Definitions for Act
In this Act:
agency means a directorate, territory authority or territory-owned corporation.
Financial Management Act means the Financial Management Act 1996.
financial year means the year that began on 1 July 2014.
Terms used in Financial Management Act
A term used in the Financial Management Act has the same meaning in this Act.
Appropriations of $762 031 000—Loose-fill Asbestos Insulation Eradication Scheme
If an agency is mentioned in a part of schedule 1, column 1—
(a)the amount mentioned in that part, column 4 is appropriated to the agency for the additional net cost of providing outputs in the financial year for the appropriation unit mentioned in that part, column 2 (the relevant appropriation unit); and
(b)the amount mentioned in that part, column 5 is appropriated to the agency for additional capital injection in the financial year for the relevant appropriation unit; and
(c)the amount mentioned in that part, column 6 is appropriated to the agency for additional payments to be made on behalf of the Territory in the financial year for the relevant appropriation unit.
Appropriation units and output classes
(1)A group of outputs mentioned in schedule 1, column 3 is identified as a class of outputs for the Financial Management Act.
(2)An appropriation unit mentioned in schedule 1, column 2 consists of the class of output mentioned in column 3 for the appropriation unit.
Schedule 1Appropriations, appropriation units and output classes
(see s 7 and s 8)
| column 1 agency | column 2 appropriation unit | column 3 class of output | column 4 net cost of outputs | column 5 capital injection | column 6 payments on behalf of Territory | column 7 total |
| $ | $ | $ | $ | |||
| Part 1.1 Chief Minister, Treasury and Economic Development Directorate | Chief Minister, Treasury and Economic Development Directorate | 1 Loose-fill Asbestos Insulation Eradication | 337 777 000 | 412 223 000 | 750 000 000 | |
| Part 1.2 Territory Banking Account | Territory Banking Account | 1 Territory Banking Account | 12 031 000 | 12 031 000 | ||
| Total appropriated to agencies | 337 777 000 | 412 223 000 | 12 031 000 | 762 031 000 |
Endnotes
Presentation speech
Presentation speech made in the Legislative Assembly on 25 November 2014.
Notification
Notified under the Legislation Act on 5 December 2014.
Republications of amended laws
For the latest republication of amended laws, see certify that the above is a true copy of the Appropriation (Loose-fill Asbestos Insulation Eradication) Bill 2014-2015, which was passed by the Legislative Assembly on 4 December 2014.
Clerk of the Legislative Assembly
© Australian Capital Territory 2014
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