Mathias Cormann (WA, Liberal Party, Vice-President of the Executive Council) Share this | Hansard source

Thank you very much, Senator Patrick. As I've indicated, the additional $50 million per annum will be available for preparedness measures on the same basis as the $150 million provided for in the original legislation which is available for response measures. This fund which is going to be set up—and it will get an investment mandate which will generate a higher income flow—will provide an overall budget allocation which will then be available for government to allocate, for the purposes indicated, through the normal government decision-making processes. These things will be announced in the normal way at budget time or budget update time, or in the intervening period and then reconciled in the budget. The minister with responsibility for emergency framework management is Minister Littleproud.