Senate Notice Paper Question Nos 1309 & 1310
Schedule Number: 300124 & 300125 		Publication Date: 14 May 2009
Hansard: Pages 2956-7

Defence: Budget

 Senator: Johnston

Senator Johnston asked the Minister representing the Minister for Defence, upon notice, on 26 February 2009:

For each agency within the responsibility of the Minister/Parliamentary Secretary:

  1. (a) In the period 1 October to 31 December 2008, what discussions or meetings were conducted regarding the Government’s ‘Razor Gang Mk II’; and (b) has the razor gang indicated any cuts or savings to be made by the department or agency.
  2. (a) What special accounts does the agency currently hold; (b) as at 31 December 2008, how much is in these accounts; (c) does the agency use the interest from these accounts to fund ongoing operations; and (d) has the razor gang given any indication about the future of these accounts.

Senator Faulkner - The Minister for Defence has provided the following answer to the honourable senator's question:

  1.  
    1. None
    2. No.
  2.  
    1. and b. Please see below.

      Account Name Balance
      Defence Endowments Account (Defence) $304,509
      Fedorczenko Legacy Fund Account (Defence) $158,689
      Other Trust Moneys Account (Defence) $2,991,211
      Services for Other Governments and Non-Agency Bodies Account (Defence) $80,420,550
      Young Endeavour Youth Program Operating Fund Account (Defence) $875,713
      Defence Material Special Account. (Defence Materiel Organisation) $4,957,307,081
      Other Trust Money – Defence Materiel Organisation Special Account $945,537
    2. No.  Where the benefit of interest earned is retained, as is the case for the Defence Endowments Account and the Fedorczenko Legacy Fund Account, it is used in accordance with the purpose of the account. In regard to the Young Endeavour Youth (YEY) Program Operating Fund Account, approval has been sought from the Minister for Finance and Deregulation to have interest equivalency payments made to the account. When first established, the YEY Program Trust Deed envisaged that the interest earned on monies collected from the public would be applied to further YEY Program activities.
    3. No.

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