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Parliamentary Questions


Question Without Notice No. 704 asked in the Legislative Council on 18 August 2022 by Hon Dr Steve Thomas

Parliament: 41 Session: 1

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?

Hon SUE ELLERY replied:

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 Account1

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 18931

0

0

Ongoing

Non-government schools – other recurrent grants

0

0

Ongoing

Perry Lakes Maintenance Account1

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 Account1

92

117

Ongoing

Royalties for Regions Fund1

959

1,000

Ongoing

Statutory Authorities Investment Account1

1

1

Ongoing

Tariff Equalisation Fund1

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 Account1

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

1TSPA created by legislation.