Thursday, 13 February 2020
Appropriation Bill (No. 4) 2019-2020; Second Reading
That this bill be now read a second time.
Appropriation Bill (No. 4) 2019-2020, along with Appropriation Bill (No. 3) 2019-2020, which was introduced earlier, are the additional estimates appropriation bills for this financial year.
This bill seeks approval for appropriations from the Consolidated Revenue Fund of approximately $2.171 billion. These bills also ensure there is sufficient appropriation to cover estimates variations related to existing programs.
I now outline the most significant items provided for in this bill.
Importantly, the bill provides $1.567 billion to the Department of Infrastructure, Transport, Regional Development and Communications primarily for drawdowns for the Commonwealth's loan to NBN Co Limited of $1.2 billion; equity injections of $176.9 million for the Australian Rail Track Corporation and the Western Sydney Airport and $166.9 million for the Drought Response, Resilience and Preparedness Plan.
The bill also provides $247.9 million to the Department of Agriculture, Water and the Environment, including $235.0 million for loans through the Regional Investment Corporation to farmers and small businesses affected by drought conditions.
Details of the proposed expenditure are set out in the Schedule 1 to the bill and the Portfolio Additional Estimate Statements tabled in the parliament.
I commend this bill.