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Legislative Council - Fifty-Second Parliament, Second Session (52-2)
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DEPARTMENTAL EXPENDITURE

104 The Hon. R.I. LUCAS (29 November 2012). Can the Minister for Communities and Social Inclusion advise—

What was the actual level for 2011-12 of both capital and recurrent expenditure underspending (or overspending) for all departments and agencies (which were not classified in the general government sector) then reporting to the Minister?

The Hon. I.K. HUNTER (Minister for Sustainability, Environment and Conservation, Minister for Water and the River Murray, Minister for Aboriginal Affairs and Reconciliation): The Minister for Social Housing has been advised:

The South Australian Housing Trust (SAHT) is a Public Non-Financial Corporation (PNFC) and is not within the general government sector.

In relation to SAHT, recurrent expenditure in 2011-12 amounted to $755 million, and was underspent by $265 million compared to the revised budget of $1.02 billion.

The largest factor responsible for this was a $251 million underspend on donated asset expense, which was expected to be incurred in relation to the transfer of Nation Building—Economic Stimulus Plan (NBESP) funded properties to the non-government sector. This is an accrual accounting expense item and does not represent cash expenditure. At 30 June 2012 the proper accounting treatment for this transfer was still under review.

Capital expenditure in 2011-12 amounted to $196 million, and was underspent by $51 million compared to the revised budget of $247 million. The largest factor responsible for this was a $32 million underspend on NBESP construction projects, of which $20 million is due to the retention of funds by SAHT to reimburse the value of SAHT-owned land that has been contributed to the program.

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