This explanatory note relates to this Bill as introduced into Parliament.

The following Bills are cognate with this Bill:

• Appropriation (Parliament) Bill 2006
• Appropriation (Special Offices) Bill 2006
• Duties Amendment (Abolition of State Taxes) Bill 2006
• State Revenue and Other Legislation Amendment (Budget Measures) Bill 2006

Overview of Bill

The object of this Bill is to appropriate various sums of money required for the recurrent services and capital works and services of the Government during the 2006–07 financial year.

The Bill relates to appropriations from the Consolidated Fund—the principal account of the Government for General Government Budget Dependent transactions. The Consolidated Fund could be considered as the “public purse” and largely comprises receipts from, and payments out of, taxes, fines, some regulatory fees, Commonwealth grants and income from Crown assets. In addition to allocations from the Consolidated Fund, most General Government Budget Dependent agencies would have other sources of moneys available to them. These moneys could arise from user charges, retention of asset sale proceeds, industry contributions, etc. These are not appropriated by Parliament as they are not in the nature of taxes or other mandatory levies for which a service is not provided in return for payment.

The Bill for the 2006–07 year contains an additional appropriation, which allocates the additional revenue raised in connection with changes to gaming machine taxes to the Minister for Health for spending on health related services.

Note: If this Bill is not modified, these Explanatory Notes would reflect the Bill as passed in the House. If the Bill has been amended by Committee, these Explanatory Notes may not necessarily reflect the Bill as passed.

 

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