Tasmanian Bills Fact Sheets

[Index] [Search] [Download] [Bill] [Help]

CONSOLIDATED FUND APPROPRIATION (SUPPLEMENTARY APPROPRIATION FOR 2009-2010) BILL 57 OF 2009

CONSOLIDATED FUND APPROPRIATION (SUPPLEMENTARY
      APPROPRIATION FOR 2009-2010) BILL 2009

                               FACT SHEET


�   The Government and Pacific National formally entered into a Business Sale
    Agreement for purchase of the Tasmanian rail business on 4 September 2009.

�   Subject to approval of the Bill, from 1 December 2009 all rail infrastructure and
    railway operations in Tasmania will be maintained, managed and owned by a
    new State-owned rail company.

�   An appropriation of $34 million will be made to the Department of
    Infrastructure, Energy and Resources to undertake the purchase of the rail
    business and meet associated transaction costs.

�   The Government will utilise cash reserves to fund the purchase.

�   While the Government will utilise funds from cash reserves, the Government
    will remain Net Debt free and continue to meet its Interim Fiscal Strategy
    targets.
 
 

[Index] [Search] [Download] [Bill] [Help]