Footnotes

Chapter 1 - Introduction

[1]        The Hon. Wayne Swan MP, Treasurer, House Hansard, 13 May 2008, p. 2601.

[2]        Budget Paper No 3, Part 2: The COAG Reform Agenda. Also, see COAG Meeting, 20 December 2007: http://www.coag.gov.au/coag_meeting_outcomes/2007-12-20/index.cfm.

[3]        As the Minister for Finance and Deregulation put it, 'investment in critical infrastructure can help secure economic activity in the short term and extend growth potential in the medium to long term': Hon. Lindsay Tanner MP, House Hansard, 13 November 2008, p. 1.

 

Chapter 2 - Purposes and key provisions

[1]        Clauses 9, 12, 128, 131, 211 and 214 of the Nation-Building Funds Bill 2008. Also, see Explanatory Memorandum, Nation-Building Funds Bill 2008, pp 5-7; and Budget Paper No. 2, Budget Measures 2008-09, Part 2: Expense Measures, pp 183-5.

[2]        Clauses 13, 132, and 215 of the Nation-Building Funds Bill 2008

[3]        The Hon. Lindsay Tanner MP, Minister for Finance and Deregulation, House Hansard, 13 November 2008, p. 1.

[4]        Clauses 14, 133, and 216 of the Nation-Building Funds Bill 2008

[5]        Schedule 2 items 48-56 of the Nation-Building Funds (Consequential Amendments) Bill 2008, and clauses 16, 17, and 33 of the Nation-Building Funds Bill 2008

[6]        Schedule 1 item 1 of the Nation-Building Funds (Consequential Amendments) Bill 2008, and clauses 135 and 152 of the Nation-Building Funds Bill 2008

[7]        The Hon. Anthony Albanese MP, Minister for Infrastructure, Transport, Regional Development and Local Government, 'Fast-tracking the Nation-Building Agenda', Joint Media Statement, 14 October 2008, AA152/2008 Joint

[8]        Clauses 18-20, 136-138, and 218-219 of the Nation-Building Funds Bill 2008. Note that the HHF does not have any purposes relating to transitional arrangements.

[9]        Schedule 2 item 24 of the Nation-Building Funds (Consequential Amendments) Bill 2008

[10]      Clauses 38, 157, and 232 of the Nation-Building Funds Bill 2008

[11]      The Australian National Audit Office noted that specification of liquidity requirements is an important issue normally addressed in investment mandates: Australian National Audit Office, Submission 2, p. 3.

[12]      Each Portfolio Special Account is a 'Special Account' within the meaning of section 21 of the Financial Management and Accountability Act 1997.

[13]      Explanatory Memorandum, Nation-Building Funds Bill 2008, pp 89 and 126, respectively. Also, see clauses 61, 68, 75 & 82 (BAF), 181 & 188 (EIF), and 255 (HHF) of the Nation‑Building Funds Bill 2008

[14]      Clauses 51, 176, and 251 of the Nation-Building Funds Bill 2008

[15]      Clauses 52, 177, and 252 of the Nation-Building Funds Bill 2008

[16]      Explanatory Memorandum, Nation-Building Funds Bill 2008, p. 35.

[17]      Clauses 112, 202, and 270 of the Nation-Building Funds Bill 2008

[18]      Clauses 53-60 (BAF), 178-180 (EIF), and 253-254 (HHF) of the Nation-Building Funds Bill 2008

[19]      Explanatory Memorandum, Nation-Building Funds Bill 2008, p. 40.  Also, see clauses 65, 72, 79 & 86 (BAF), 185 & 192 (EIF), and 259 (HHF) of the Nation-Building Funds Bill 2008

[20]      Clauses 66-67, 73-74, 80-81 & 87-88 (BAF), 186-187 & 193 (EIF), and 260-261 (HHF) of the Nation-Building Funds Bill 2008. Note that these grants of financial assistance are not uniformly available to states, territories or persons.

[21]      The establishment of the COAG Reform Fund Special Account is described in subsequent paragraphs.

[22]      For example, see sub-clauses 51(8), 176(8) and 251(3) of the Nation-Building Funds Bill 2008

[23]      For example, subclause 18(3) and 256(2) of the Nation-Building Funds Bill 2008

[24]      For example, clauses 21 & 22, and 24 & 25 of the Nation-Building Funds Bill 2008

[25]      For example, Explanatory Memorandum, Nation-Building Funds Bill 2008, p. 19.

[26]      The Hon. Lindsay Tanner MP, Minister for Finance and Deregulation, House Hansard, 13 November 2008, p. 2. Also, see clauses 109 & 111, 199 & 201, and 267 & 269 of the Nation-Building Funds Bill 2008

[27]      Explanatory Memorandum, Nation-Building Funds Bill 2008, pp 60, 105 and 137

[28]      Explanatory Memorandum, Nation-Building Funds Bill 2008, pp 60, 105 and 137

[29]      Clauses 170 and 245 of the Nation-Building Funds Bill 2008

[30]      An ancillary function of the EIF Advisory Board is to advise the Ministers for Education and Research about matters referred before 1 July 2009 relating to the making of transitional Higher Education Endowment Fund payments; Clause 170 of the Nation-Building Funds Bill 2008.

[31]      Explanatory Memorandum, Nation-Building Funds Bill 2008, p. 64. Also, see clauses 120, 171‑2, and 247 of the Nation-Building Funds Bill 2008 – provisions regarding the BAF, EIF and HHF evaluation criteria.

[32]      Explanatory Memorandum, Nation Building Funds (Consequential Amendments) Bill 2008, p. 10. Also, see Schedule 3 Items 9 to 16 of the Nation Building Funds (Consequential Amendments) Bill 2008. The interim advisory boards are to report to the government in December 2008.

[33]      Subsection 5(1) of the Infrastructure Australia Act 2008

[34]      Paragraphs 5(2)(a)-(d) of the Infrastructure Australia Act 2008

[35]      The Hon. Anthony Albanese MP, Minister for Infrastructure, Transport, Regional Development and Local Government, 'Bringing Transparency to Nation Building', Joint Media Statement, 7 October 2008, AA150/2008 Joint

[36]      The Hon. Kevin Rudd, Prime Minister, 'Nation-Building for Australia's Future', Address to Australian Davos Connection Infrastructure Summit, Brisbane, 7 October 2008. Also, see Emma Rodgers, 'Tough, clear-eyed nation-building rules on way', ABC News, 7 October 2008

[37]      Explanatory Memorandum, Nation Building Funds (Consequential Amendments) Bill 2008, p. 10. Also, see COAG, 2 October 2008. See: http://www.coag.gov.au/coag_meeting_outcomes/2008-10-02/index.cfm

[38]      Clauses 5 and 6 of the COAG Reform Fund Bill 2008

[39]      Sub-clause 7(2) of the COAG Reform Fund Bill 2008

[40]      The Hon. Mr Wayne Swan MP, Treasurer, House Hansard, 23 October 2008, p. 3; and Explanatory Memorandum, COAG Reform Fund Bill 2008, p. 6.

[41]      Sub-clause 7(2) of the COAG Reform Fund Bill 2008; the Hon. Mr Wayne Swan MP, Treasurer, House Hansard, 23 October 2008, p. 3; and Explanatory Memorandum, COAG Reform Fund Bill 2008, p. 6.

[42]      Explanatory Memorandum, COAG Reform Fund Bill 2008, p. 6.

 

Chapter 3 - Analysis of the bills

[1]        For example, see Universities Australia, Submission 4, p. 1.

[2]        Budget Paper No. 2, Budget Measures 2008-09, Part 2: Expense Measures, pp 184-5.

[3]        Association of Australian Medical Research Institutes, Submission 5, p. 3.

[4]        Infrastructure Partnerships Australia, Submission 3, p. 6.

[5]        ABN Amro, Submission 1, p. 1.

[6]        Allen Consulting Group and University of Melbourne, 'Performance of PPPs and Traditional Procurement in Australia', 30 November 2007, p. 32.

[7]        It is available at http://www.infrastructureaustralia.gov.au/files/Overview_3_10_1008.pdf.

[8]        Annabel Hepworth and Emma Connors, 'Push to reform infrastructure rules', Australian Financial Review, 13 August 2008. A useful list of the nation's big infrastructure objectives, including their projected costs and completion dates can be found in David Uren, Matthew Franklin et al, 'Surplus faces $10bn threat', The Australian, 2 October 2008.

[9]        Universities Australia, Submission 4, p. 2.

[10]      Universities Australia, Submission 4, p. 2.

[11]      The definition is detailed in the submission from Australian National Audit Office: Submission 2, pp 2-3.

[12]      Australian National Audit Office, Submission 2, p. 2.

[13]      Subclauses 42(1), 161(1) and 236(1) of the Nation-Building Funds Bill 2008

[14]      Australian National Audit Office, Submission 2, p. 7.

[15]      Mr Brian Boyd and Mr Warren Cochrane, ANAO, Proof Committee Hansard, Canberra, 25 November 2008, p. 5.

[16]      Ms Katherine Campbell, Department of Finance and Deregulation, Proof Committee Hansard, 25 November 2008, p. 16.

[17]      Australian National Audit Office, Submission 2, p. 4.

[18]      Australian National Audit Office, Submission 2, p. 4. Also, see Senate Standing Committee on Finance and Public Administration, Transparency and accountability of Commonwealth public funding and expenditure, March 2007

[19]      Universities Australia, Submission 4, p. 2.

[20]      Association of Australian Medical Research Institutes, Submission 5, p. 2.

[21]      Richard Webb, Coral Dow and Rebecca de Boer, 'Nation-building Funds Bill 2008, Bills Digest, No. 67, 28 November 2008, p. 24.

[22]      Mr Michael Willcock, Treasury, Proof Committee Hansard, 25 November 2008, pp 12-13.

[23]      Infrastructure Partnerships Australia, Submission 3, p. 4.

[24]      Richard Webb, Coral Dow and Rebecca de Boer, 'Nation-building Funds Bill 2008, Bills Digest, No. 67, 28 November 2008, p. 24.

[25]      Association of Australian Medical Research Institutes, Submission 5, p. 2.

[26]      Association of Australian Medical Research Institutes, Submission 5, p. 2.

[27]      Ms Katherine Campbell, DFR, Proof Committee Hansard, 25 November 2008, p. 20.

[28]      Infrastructure Partnerships Australia, Submission 3, p. 4.

[29]      Mr Brian Boyd, ANAO, Proof Committee Hansard, 25 November 2008, p. 6.

[30]      Australian National Audit Office, Submission 2, p. 2.

[31]      For example, Universities Australia, Submission 4, p. 1.

[32]      Infrastructure Partnerships Australia, Submission 3, p. 7.

[33]      Association of Australian Medical Research Institutes, Submission 5, p. 2.

[34]      Infrastructure Partnerships Australia, Submission 3, p. 6.

[35]      Mr Michael Willcock, Treasury, Proof Committee Hansard, 25 November 2008, p. 10.

[36]      Mr Warren Cochrane, ANAO, Proof Committee Hansard, 25 November 2008, p. 3.

[37]      Mr Warren Cochrane, ANAO, Proof Committee Hansard, 25 November 2008, p. 3.

[38]      Mr Warren Cochrane, ANAO, Proof Committee Hansard, 25 November 2008, p. 4.

[39]      Infrastructure Partnerships Australia, Submission 3, p. 7.

[40]      Ms Katherine Campbell, Department of Finance and Deregulation, Proof Committee Hansard, 25 November 2008, p. 19.

 

Coalition Senators' Minority Report - The Nation-Building Funds Bill 2008 and the Nation-Building Funds (Consequential Amendments) Bill

[1]        Mark Butler MP, House Hansard, 25 November 2008, p. 53; quoting Don Argus.

[2]        Explanatory Memorandum, Nation-Building Funds Bill 2008, p. 17.

[3]        Katherine Murphy, 'Cabinet rift hits nation’s building program', The Age, 31 October 2008, p. 1.

[4]        Senator the Hon Stephen Conroy, Estimates Hansard, 22 October 2008, p. E39, quoting David Gruen.

[5]        Estimates Hansard, 22 October 2008, p. E40.

[6]        Hon. Kevin Rudd MP, speech to Local Governments Meeting, Canberra, 18 November 2008.