Targeted Voluntary Separation Packages

In reply to the Hon. S.C. MULLIGHAN (Lee) (21 September 2018). (Estimates Committee B)

The Hon. R.I. LUCAS (Treasurer): I have been advised of the following:

A budget for TVSPs is not set at the agency level. Instead the budget includes a central provision of $170 million in 2018-19 (including an additional $150 million provided in the 2018-19 budget) to assist all agencies in meeting the costs of TVSPs and employee separation payments. Agencies can seek reimbursement from the central provision in 2018-19 for costs associated with TVSPs.

From 1 July 2019 agencies will again become responsible for managing costs associated with TVSPs and separation payments from within their budget allocations.