Josh Frydenberg (Kooyong, Liberal Party, Minister for Resources, Energy and Northern Australia) Share this | Link to this | Hansard source

I move:

That this bill be now read a second time.

Appropriation Bill (No. 4) 2015-2016, along with Appropriation Bill (No. 3) 2015-2016,which was introduced earlier, are the additional estimates appropriation bills for this financial year.

This bill seeks approval for appropriations from the Consolidated Revenue Fund of just over $905 million for

2015-16.

I now outline the significant items provided for in this bill.

First, the bill would provide the Department of Infrastructure and Regional Development just over $385 million reflecting, primarily, additional funding for the Roads to Recovery program to help local government and councils maintain Australia's roads.

Second, the bill would provide the Department of Health with $125 million to be used as capital by the Biomedical Translation Fund following its establishment. The fund will be used to invest in promising medical discoveries and will complement the Medical Research Future Fund through the commercialisation of health and medical research.

Third, the bill would provide for the Australian Taxation Office just over $74 million largely for implementing single touch payroll reporting and for improvements to data and analytics infrastructure.

Details of the proposed expenditure are set out in the schedules to the bill and the portfolio additional estimates statements tabled in the parliament.

I commend this appropriation bill to the House.

Debate adjourned.