The 2020 budget listed the CICâs average staffing level as 76 in the current financial year.
The draft CIC legislation is out for consultationand has been roundly criticised for its lack of public hearings, favourable treatment of public officials and politicians, and inability to act directly on public tip-offs.
The budget papers note that the CIC legislation is yet to be passed through parliament and appear to suggest it is still the governmentâs intention to legislate.
But the development has prompted concerns from both the Centre for Public Integrity and the Australia Institute, who say it shows the CIC will not be operational prior to the next election.
Cashflow boost
An early stimulus measure, the $35bn cashflow boost program supported 800,000 businesses and not-for-profits with payments of between $20,000 and $100,000.
Coronavirus supplement on jobseeker
The $20bn coronavirus supplement provided more than 3m Australians with fortnightly payments of $550, before it expired in March and was replaced with a small permanent boost to the jobseeker payment.
Full expensing and loss carryback
Originally slated to cost $31.5bn in the October budget, these two business-friendly measures were extended in Tuesday’s budget for a further 12 months at a cost of $20.7bn.
Personal income tax cuts
In 2020-21 the government accelerated income tax cuts and retained the low to middle income tax offset at a cost of $17.8bn.
Meanwhile, little Malco Turnbull little mate in New South Wales, Mike, is about to lawfully (change the present legislation) unleash massive environmental degradation like never before by allowing farmers to remove more trees from their paddocks, while federal Labor wants their mates in queensland to do more to protect nature which the previous Turnbull s mates, the Liberals (CONservatives) under Newman, encouraged to be massively destroyed by farmers. The environmental record from the Liberals (CONservatives) is terrible. So when Turnbull announces some patch up coastal solutions, he does not really want to talk about the real cause of global warming: burning coal and other fossil fuels, especially the mining thereof.
The report made seven recommendations, including that foundation adopt and report against interim fundraising targets to “provide a better indication” of how the $357m target will be reached by 2024 and that it increase its use of open and competitive procurement.
The foundation has agreed to all of the recommendations, which also included ensuring a bank deed was in place before taxpayer funds were invested in a financial institution.
In a statement, its chairman, John Schubert, said the foundation was pleased the audit had “recognised the foundation’s strong commitment to best practice governance, investment of grant money and major project delivery models”.
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at 1:00 pm on April 30, 2021 | 14 comments
Last September, the Australian National Audit Office (ANAO) released a report slamming the federal Department of Infrastructure (DOI) for purchasing land related to the Western Sydney Airport from a billionaire family for 10 times its market value in what ANAO called a
“significant and unusual transaction” that
“did not exercise appropriate due diligence” and
“fell short of ethical standards“.
This land, known as the Leppington Triangle, was purchased by DOI for $29.8 million in 2018. But ANAO found that the department had written off 90% of the purchase price within only 12 months, valuing the land at just $3.1 million.