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.