INVESTING EXPENDITURE

302 Mr HAMILTON-SMITH (Waite) (23 August 2011). With respect to 2011-12 Budget Paper 4—Volume 1, p143—

Why was there a $15.6 million underspend in total investing expenditure in 2010-11?

The Hon. K.O. FOLEY (Port Adelaide—Minister for Defence Industries, Minister for Police, Minister for Emergency Services, Minister for Motor Sport, Minister Assisting the Premier with the Olympic Dam Expansion Project): I am advised:

The 2010-11 Estimated Result is $15.6 million under budget mainly due to:

reduction in the overall cost of the Northern Lefevre Peninsula Masterplan ($4.9 million) and the Techport Australia Common User Facility ($2.2 million)

cancellation of the Port Adelaide Industrial Precinct development ($1.1 million)

deferred expenditure across the forward estimates for the Secure Electronic Common User Facility ($4.3 million), Northern Lefevre Peninsula Masterplan land remediation ($1 million), Osborne North Industrial Precinct ($2.4 million) and the Techport Australia- Common User Facility ($2.3 million)

partially offset by:

carryover of expenditure from 2009-10 for various projects ($1.7 million), and

approval and commencement of Technology Park Refurbishment and Upgrade works ($1.2 million).