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House of Assembly - Fifty-Fourth Parliament, Second Session (54-2)
2020-07-23 Daily Xml
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State Asset Sales

117 The Hon. S.C. MULLIGHAN (Lee) (4 June 2020). What was the asset sale referred to in state summary for SA, in the ABS national accounts catalogue 5206 March quarter release from 3 June?

(a) What was the consideration received for the asset?

(b) To whom was the asset sold?

(c) For what period is the asset sold?

(d) In which financial year is the consideration to be received?

The Hon. S.S. MARSHALL (Dunstan—Premier): I have been advised:

The ABS published the following commentary on its website in relation to the components of State Final Demand (chain volume measures) for the March quarter 2020:

Public gross fixed capital formation decreased 0.6 per cent, driven by a:

12.5 per cent fall in commonwealth public non-financial corporations

41.0 per cent fall in state and local general government reflecting an asset sale which occurred last quarter. Without the impact of this sale, general government investment in new assets rose

The ABS has indicated to DTF that the 41.0 per cent fall in state and local general government expenditure reflects a return following a large abnormal increase in general government expenditure in the previous (December) quarter, relating to the transfer of assets from the public non-financial corporation sector (Renewal SA) to the general government sector (TAFE SA), as highlighted in the 2019-20 state budget (Budget Paper 3: Budget Statement, page 34). These assets had been leased by TAFE SA and owned by Renewal SA. On 1 October 2019 TAFE SA purchased these assets from Renewal SA. The purchase of these assets by TAFE SA increased investing expenditure in the general government sector by $601 million in 2019-20.

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