Senate debates Questions on Notice
First Home Saver Accounts (Question No. 1013)
Mathias Cormann WA, Liberal Party, Shadow Assistant Treasurer
asked the Minister representing the Treasurer, upon notice, on 22 August 2011:
With reference to the First Home Saver Accounts, including program and administrative expenses, what is the total amount budgeted for this program for each of the following financial years: (a) 2011-12; (b) 2012-13; (c) 2013-14; and (d) 2014-15.
Penny Wong SA, Australian Labor Party, Minister for Finance and Deregulation
The Treasurer has provided the following answer to the honourable senator's question:
The administered expenses for the program for the financial years requested are shown on page 212 of the Treasury's portfolio budget statement. http://www.treasury.gov.au/documents/2027/PDF/08_ATO.pdf
Departmental funding for the ATO's administration of the First Home Saver Accounts measure was agreed as part of the 2008-09 Budget. The ATO's departmental resourcing for 2011-12 is $12.503 million as set out on page 159 of the 2008-09 Portfolio Budget Statements – Treasury Portfolio. This funding is ongoing from 2012-13.