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Auditor-General Bill 2008 The public sector financial legislation in Queensland consists of the Financial Administration and Audit Act 1977 (the Act), and its subordinate legislation the Financial Management Standard 1997 and the Financial Administration and Audit Regulation 1995 (the Regulation). Part 5 of the Act establishes the Office of the Queensland Audit Office (QAO) and defines the method, terms and conditions of a
Revenue and Other Legislation Amendment Bill (No. 2) 2008 Amendments are proposed to be made to the following legislation - Duties Act 2001 Electricity Act 1994 First Home Owner Grant Act 2000 Fuel Subsidy Act 1997 Government Owned Corporations Act 1993 Integrated Planning Act 1997 Land Tax Act 1915 Liquor Act 1992 Liquor and Other Acts Amendment Act 2008 Pay-roll Tax Act 1971 Petroleum and Gas (Production and Safety) Act 2004 Racing Act 2002 South Bank
Superannuation State Public Sector Bill 2009 The Bill ensures that, following the sale of a government asset, normally to private organisations, the employer is bound by the QSuper rules in relation to the superannuation conditions of the employees transferred as part of the sale. The Bill provides for QSuper to accept employer contributions for spouse account holders, making QSuper’s arrangements consistent with other public sector and loca
Amended State Financial Institutions and Metway Merger Act_1996 The amendments to the State Financial Institutions and Metway Merger Facilitation Act 1996 (the Act) remove the requirement for directors of the Suncorp group of companies to be residents of Queensland (other than the managing director) as currently imposed under Part 6 of the Act. The amendments also remove and extinguish the State’s guarantee of all insurance and indemnity obligations by Suncorp
2011-12 Budget The priority of the 2011-12 Budget is on funding recovery and restoration works following the natural disasters of late 2010 and early 2011. Measures to moderate the cost of living pressures on householders and to support key sectors such as construction and tourism are also a focus. Major new expenditure initiatives approved in the 2011-12 Budget include: funding to implement the Flying Start su
Qld Govt response to Finance and Administration Committee Report No. 12 In February 2012, the Finance and Administration Committee tabled its Report No. 12 entitled Review of Auditor-General’s Report No. 9 of 2011 – Acquisition and Public Access to the Museum, Art Gallery and Library Collections. The Finance and Administration Committee made a total of six recommendations which covered the areas of a Cultural Centre strategy, performance measures, regional engagement
2013-14 State Budget The 2013-14 Budget is the second LNP Budget. The restoration of the State’s finances remains a key priority for the Government. The 2013-14 Budget was framed in the context of a difficult external environment and the need to fund the costs of natural disasters. The Revenue and Other Legislation Amendment Bill 2013 included measures to give effect to the 2013-14 Budget. The Bill also inclu
Treasury and Trade Legislation Amendment Bill 2013 The Treasury and Trade and Other Legislation Amendment Bill 2013: repeals unused Acts, removes redundant provisions, corrects typographical errors and omissions and clarifies and streamlines Acts as administered by Queensland Treasury and Trade; makes technical amendments to the Motor Accident Insurance Act 1994 including an amendment to ensure that the Queensland Police Service and other governme
Appropriation Bill (No.2) 2013 Section 35 of the Financial Accountability Act 2009 provides that if expenditure from the Consolidated Fund exceeds the amount approved by annual appropriation (known as unforeseen expenditure), the Governor in Council, on the recommendation of the Treasurer, may authorise the expenditure within four weeks of the end of the financial year. Unforeseen expenditure must also be formally approved by
Appropriation Bill (No. 2) 2015 and Appropriation (Parliament) Bill (No. 2) 2015 The Financial Accountability Act 2009 (the FA Act) contains statutory processes for the finalisation of departmental appropriations at the end of the financial year. Section 35 of the FA Act provides that should expenditure from the Consolidated Fund exceed the amount approved by annual appropriation, the Governor in Council, on the recommendation of the Treasurer, may authorise the expenditure.
Appropriation Bill (No.2) 2018 & Appropriation (Parliament) Bill (No.2) 2018 The Financial Accountability Act 2009 (the FA Act) contains statutory processes for the finalisation of departmental appropriations at the end of the financial year. Section 35 of the FA Act provides that should expenditure from the Consolidated Fund exceed the amount approved by annual appropriation, the Governor in Council, on the recommendation of the Treasurer, may authorise the expenditure. T
Royalty Administration Modernisation Program Consultation Paper The Office of State Revenue is responsible for administering the State’s tax and royalty legislation, which includes mineral and petroleum royalties. The Taxation Administration Act 2001 provides a comprehensive and contemporary revenue administration framework for administering the tax legislation the Office of State Revenue administers, being duties, land tax, payroll tax and betting tax. A nu
Appropriation Bill (No.2) 2019 and Appropriation (Parliament) Bill (No.2) 2019 The Financial Accountability Act 2009 (the FA Act) contains statutory processes for the finalisation of departmental appropriations at the end of the financial year. Section 35 of the FA Act provides that should expenditure from the Consolidated Fund exceed the amount approved by annual appropriation, the Governor in Council, on the recommendation of the Treasurer, may authorise the expenditure. T
Public Advocate’s Report Preserving the financial futures of vulnerable Queenslanders-A Review of the Public Trustee The Public Advocate has a statutory responsibility to undertake systems advocacy on behalf of Queensland adults with impaired decision-making capacity. The functions of the Public Advocate are set out in section 209 of the Guardianship and Administration Act 2000 (the GAA). Under section 209A of the GAA, the Public Advocate may prepare a report about a systemic matter which, once given to the Mini
Public Trustee (Advisory and Monitoring Board) Amendment Bill 2021 In March 2021, the Public Advocate’s report, Preserving the financial futures of vulnerable Queenslanders: A Review of the Public Trustee’s fees, charges and practices (the Report), was tabled in the Legislative Assembly, together with the Government Response to the Report. In response to recommendation 30 of that Report, Government committed to establishing an advisory and monitoring board to pro
Amendments Justice Legislation (COVID-19 Emergency Response—Permanency) Amendment Bill 2021 Under section 7 of the Governors (Salary and Pensions) Act 2003 (the Act), former Governors, who held office for at least five years are entitled to a lifetime pension of 35% of their Governor’s salary. The Minister may also approve a pension for a Governor who leaves office with less than five years’ service because they are incapable of performing the duties. A surviving partner of a deceased fo
Amendments to Royalty Legislation Amendment Bill 2020 On 4 June 2020, the Prime Minister announced the $25,000 HomeBuilder Grant (HomeBuilder Grant), available to eligible owner-occupiers who build a new home or substantially renovate an existing home, where the contract is signed between 4 June 2020 and 31 December 2020. The Australian Government provides funding for the payment of the grant. States and Territories will administer the grant on behal
Queensland Future Fund Bill 2020 The Queensland Future Fund Bill 2020 (Bill) implements a Government commitment to establish a Queensland Future Fund. The first future fund to be established will be the Queensland Future (Debt Retirement) Fund (‘Debt Retirement Fund’). The Debt Retirement Fund, which will provide funding for reducing the debt of the State, will underpin Queensland’s future economic success by having a sustaina
Royalty Legislation Amendment Bill 2020 As part of the 2019-20 State Budget, the Government announced a review of Queensland’s petroleum royalty regime (Petroleum Royalty Review). The objectives of the review were to ensure greater certainty, equity and simplicity, and identify opportunities to simplify the current petroleum royalty regime, while providing an appropriate return to Queenslanders from their valuable non-renewable resource
Petroleum Royalty Review In the 2019-20 State Budget the Government announced a review of Queensland’s petroleum royalty regime. The objectives of the review were to ensure greater certainty, equity and simplicity, and identify opportunities to simplify the current petroleum royalty regime, while providing an appropriate return to Queenslanders from their valuable non-renewable resources. The review, independently chaire
Appropriation Bill 2020 and Appropriation (Parliament) Bill 2020 The Financial Accountability Act 2009 (FA Act) contains statutory processes for the finalisation of departmental appropriations at the end of the financial year. Section 35 of the FA Act provides that should expenditure from the Consolidated Fund exceed the amount approved by annual appropriation, Governor in Council, on the recommendation of the Treasurer, may authorise the expenditure. This is k
Superannuation (State Public Sector) (Scheme Administration) Amendment Bill 2021 In March 2021, the boards of QSuper and Sunsuper entered into a heads of agreement to undertake exclusive due diligence on a proposed merger. The proposed merger, if progressed, will establish Australia’s second largest superannuation fund. QSuper is established under the Superannuation (State Public Sector) Act 1990 (the Superannuation Act) as the superannuation fund for State public sector emplo
Queensland Future Fund (Titles Registry) The Queensland Future Fund Act 2020 established the Queensland Future Fund and its first sub-fund, the Debt Retirement Fund (DRF). The DRF will be managed by QIC Limited (QIC) and structured to act as an offset against State debt by credit rating agencies when they assess Queensland’s debt burden. In September 2020, the COVID-19 Fiscal and Economic Review (CFER) recognised a $5.67 billion contri
Appropriation Bill (No. 2) 2021 and Appropriation (Parliament) Bill (No. 2) 2021 The Appropriation (Parliament) Bill (No. 2) 2021 and Appropriation Bill (No. 2) 2021 seek Parliamentary approval of unforeseen expenditure in 2020-21. This is an annual process under the Financial Accountability Act 2009 to finalise departmental appropriations at the end of each financial year. On 15 July 2021, the Governor in Council authorised unforeseen expenditure incurred during the 2020-21 f