Appropriation Bill (No. 2) 2015

Overview

This bill retrospectively approves $9.11 million of unforeseen government spending from the 2014-15 financial year. It also changes the rules so that Queensland government departments can borrow from lenders other than the Queensland Treasury Corporation, as long as the Treasurer approves.

Who it affects

Mainly government departments and the Queensland Treasury Corporation. There is no direct impact on most Queenslanders beyond the formal parliamentary approval of past spending.

Key changes

• Retrospectively authorises $9,110,000 in unforeseen 2014-15 spending across seven departments and agencies
• The biggest item is a $5.8 million equity adjustment for the Public Safety Business Agency
• Other allocations include $2.5 million for Agriculture and Fisheries and $280,000 for the Electoral Commission of Queensland
• Removes the rule that departments can only borrow from the Queensland Treasury Corporation, allowing finance leases and PPPs with other lenders
• The Treasurer's approval is still required before any department borrows from anyone