Budget 2012-2013 Budget Paper No.3 The Budget
Tabled paper 1785
Tabled Papers for 11th Assembly 2008 - 2012; Tabled Papers; ParliamentNT
Tabled By Delia Lawrie
Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.
316 Glossary Commonwealth Appropriation Commonwealth Appropriation is a form of appropriation that commenced in 2008-09 as a result of the Intergovernmental Agreement on Federal Financial Relations agreed by COAG in late 2008 and effective from 1 January 2009. The arrangements result in Specific Purpose Payments and National Partnership Payments from the Commonwealth being received by Treasury, on behalf of the Central Holding Authority. In order to pass these on to relevant agencies, a new form of appropriation, Commonwealth Appropriation, was required. Consumer Price Index A general comparative indicator of the prices paid by household consumers for a specific basket of goods and services in one period relative to the cost of the same basket in a base period. General Government Agency An entity or group of entities mainly engaged in providing services or producing goods for the general public, such as education, health and policing services which are provided free of charge or at nominal charges. Goods and Services Received Free of Charge Resources received by an agency from another entity without charge. A revenue and a corresponding expense are recorded when the goods and services can be reliably measured, and goods and services would have been purchased if they had not been provided free of charge. Government Business Divisions Government business divisions (GBDs) are Territory-controlled trading entities that follow commercial practices and are required to comply with competitive neutrality principles. Government Owned Corporation A government owned corporation (GOC) is an entity whose objectives are to operate at least as efficiently as any corporate business and maximise sustainable return to government. The Government Owned Corporations Act adopts the shareholder model of corporate governance. The Power and Water Corporation became the Territorys first GOC on 1 July 2002. Headworks Provision of infrastructure to the boundary of a property relating to services such as power, water, sewerage and access roads. Key Deliverables Key deliverables are indicators of the main activity and/or achievements that contribute to a particular output. Key deliverables may include measures of quantity, quality, timeliness, and/or cost effectiveness where these are relevant to production of the output. Minor New Works Minor new works are construction projects that relate to improvements or construction of a new Territory Government asset with an estimated value of $0.5million or less. National Agreements National agreements (NAs) are agreements between the Commonwealth, states and territories with defined objectives, outcomes, outputs and performance measures that guide service delivery across a particular sector. There are six NAs: Education; Skills and Workforce Development; Healthcare; Affordable Housing; Disability; and Indigenous Reform, but only five associated Specific Purpose Payments (SPPs) as the Indigenous Reform NA is intended to receive funding through each of the five service delivery SPPs.