Second Reading Speeches

Appropriation Bill (No. 2) 2011-2012

Type
Government
Portfolio
Finance and Deregulation
Originating house
House of Representatives
Status
Act
Parliament no
43

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Summary

Appropriates money out of the Consolidated Revenue Fund for certain Appropriates money out of the Consolidated Revenue Fund for certain expenditure. Also amends the

Commonwealth Inscribed Stock Act 1911
to: increase the cap on the face value of stock and securities that can be on issue under the Treasurer’s standing borrowing authority to $250 billion; remove the requirement for the Treasurer to declare that there are special circumstances before increasing the cap; and create two special appropriations for costs and expenses incurred by the Commonwealth in relation to the issue or sale of stock and the repurchase and redemption of stock prior to maturity.

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