ATTACHMENT1:PROVIDINGRELIEFTOFLOODAFFECTEDCOMMUNITIES

Total

(1]

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UndertheNDRRAtheAustralianGovernmentpartiallyreimbursestheStatesandTerritoriesforeligibleexpenditureoncertainnaturaldisasters.Thisincludespersonalhardshipanddistressgrants,restorationofessentialpublicinfrastructureandCommunityRecoveryAssistance..Costsestimatesarepreliminary.

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TheAustralianGovernmentDisasterRecoveryPayment(AGDRP)isaone-offAustralianGovernmentpaymentprovidedundertheSocialSecurityAct1991toeligibleAustralianresidents.TheAGDRPprovidesshort-term,non-meanstestedfinancialassistanceof$1,000pereligibleadultand$400pereligiblechildtothoseadverselyaffectedbyamajordisaster,eitherinAustraliaoroverseas.Thenumberofclaimantsisestimatedat490,000.

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TheDisasterIncomeRecoverySubsidyprovidesassistancetoeligibleemployees,smallbusinesspersonsandfarmerswholostincomeasaresultofthefloods.ThisSubsidywillprovidefortnightlypaymentsequivalenttothemaximumrateofNewstartallowancedependingontheperson'scircumstances.Thenumberofclaimantsisestimatedatabout

70,000.'

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TheAustralianGovernmenthasmadeadonationof$11milliontotheQueenslandPremier'sReliefFundandof$1milliontotheRedCrossVictorianFloodsAppeal.(1)Preliminaryestimates.Fulldetailswillbecontainedinthe2011-12Budget.

ATTACHMENT2:PAYINGFORRECOVERYANDRECONSTRUCTION

Impactonunderlyingcashbalance2010-112011-122012-132013-142014-15Total$m$m$m$m$m$m

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TheGovemmentwillintroduceatemporarylevyonindividualtaxpayerstoraisefundsfortherecoveryandreconstructioneffort.From1July2011,witheffectforthe2011-12incomeyearonly,

levyof0.5percentwillapplytotaxable

Income

ofbetween$50,001and$100,000and1.0percenttotaxableincomeabove$100,000_IndividualswhohavereceivedanAustra

llan

GovernmentDisasterRecoveryPaymentforafloodeventin2010-11willbeexemptfrompayingthefloodlevy_

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TheCleanerCarRebateSchemewastoprovide

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ntsof$2,000tomotoristswhoscraptheirpre-199Spassengervehiclesandpurchasenew,lowemlsslon,fuelefficientvehicles..TheGovemmentwillnotproceedwiththescheme.Thiswillprovidesavingsof$429millionovertheforwardestimates.

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The$800millionPRIPisbeingestablishedtoinvestinprojectsidentified

localcommunitiesinregionalareas.TheGovernmentwillreallocate$350milliontosupportfloodrecoveryoffundingfromthePRIPtosupportfloodrecoveryeffortsinregionalAustralia.ThiswillbeallocatedundertheNDRRAinconsultationwith·QueenslandGovernment,localGovernmentsandRegionalDevelopmentAuthorities.t9!p!~:~~~~~~I~~fu~.~~··jJ(jClLlfI:!~lEi~~Ci!@:lr'itTh~.·la~ki!!ilru.l~L":~o".~:".·;i;,lj2f;t;,q~:;t·iL;;;,§,?~,'"

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TheCapital.DevelopmentPoolwillceasefundingofnewprojectsfromlJanuary2012,saving$299millionovertheforwardestimates.Allcurrentprojectsalreadyfundedundertheprogramareunaffected.

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TheGovemmentwillwinduptheGreenCarInnovationFundfrom2011-12,realisingsavingsof$234millionfromuncommittedfundsovertheforwardestimatesand$401millionoverthelife

theprogram.TheGreenCarInnovationFundwasinitiallyestablishedin2008aspartoftheGovernment'sANewCarPlanforaGreenerFuturetoassistprojectsaimedatproducinglow-emission,fuel-efficientvehiclesandcomponents.

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TheGovernmentwilllimittheNationalRentalAffordabilitySchemedwellingtargetto35,000by2013-14ratherthan50,000,saving$264millionovertheforwardestimates.PrioritywillbegiventoapplicationsfromfloodaffectedareasacrossAustraliainallocatingtheremainingincentives(around13,000),inconsultationwiththerelevantState.

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TheCarbonCaptureandStorage(CCS)FlagshipsprogramformspartoftheCleanEnergyInitiativeandprovidesgrantsforprojects

helpacceleratethedevelopmentanddeploymentoflowemissioncoaltechnologybysupportingindustrial-scaleprojectsinAustralia.TheGovernmentwillreduceitsfundingfortheCCSflagshipsprogram

atotalof$250millionacrosstheforwardestimatesperiod,with$160millionofthis

bere-phasedtobeyondtheforwardestimates.

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TheSolarFlagshipsprogramformspartoftheCleanEnergyInitiativeandprovidesgrantstosupportthedeploymentoflargescalesolarenergygenerationprojectsinAustralia,TheGovernmentwillreduceitsfundingfortheSolarFlagshipsprogrambyatotalof$250millionacrosstheforwardestimatesperiod,with$190millionofthistobere-phasedtobeyondtheforwardestimates.

Impactonunderlyingcashbalance

2010-112011-122012-132013-142014-15

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TheRenewableEnergyBonusSCheme-SolarHotWaterRebateprovidesarebate

$1,000

forasolarhotwatersystemor

$600

foraheatpumphotwatersystemandisavailabletohelpeligiblehome-owners,landlordsortenantstoreplacetheirelectricstoragehotwatersystems.TheGovernmentwillcapfundingfromthisprogramresultinginasavingof

$160

millionovertwoyears.

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December

2010,

th~GovernmentannouncedtheclosureoftheGreenStartprogram.SavingsfromnotproceedingwithGreenStartRound

$129

millionoverthreeyearswillbereallocatedtoprovidefundingfortheGovernment'sresponsetothefloods.

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TheBuildingBetterRegionalCitiesprogramprovidesfundingtoparticlpatlngcouncilsacrossAustraliatoinvestinlocalinfrastructureprojectsthatsupportnewhousingdevelopments.Thismeasurewillredirect

$100

millionoffundingtore-buildinginfrastructureinfloodaffectedcouncilareas,includingthosenotoriginallytargetedbytheinitiative.:~!9~.!.~A~!'!~!EIe_~.§:~!(~~~[:ve~~,le.

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TheliquefiedPetroleumGasVehicle(LPG)schemeprovidesgrantsforfactoryconversionsandpostfactoryconversionstoLPGfuelsystems.TheGovemmentwillcaptheSChemeat

25,000

claimsperannumforthelifeoftheSchemefrom

2011-12.

Thiswillprovidesavingsof

$96

millionoverthreeyears::~\l.~~lla~~~~.~~}!'gj_rid··Tea~Ii!,~.iiJun,!l.+di~'fuJ;!Ii~i,ff£fuMg'.··'LL~."~E{.··',i5.2L.1932;:;I·§:;1.I{;Slt,§j~~4,j;t~Dft2'·.··:L:iB7t;}Lil.t~FundingfortheAustralianLearningandTeachingCouncil

will

bediscontinuedfrom1January

2012,

providingsavingsof

$88

millionoverfouryears.TheGovemmentremainscommittedtocontinuing

improvethequality

highereducationinAustralia,andisestablishingnewqualityandregulatory

arrangements

forhighereducationthrough:anewnationalregulatoryandquality,agency,theTertiaryEducationQualityandStandardsAgency;anewNationalRegisterofHigherEducationProviders;anewHigherEducationStandardsFramework;andtheMyUniversitywebsite.

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·/:··_~ct;.LLL~ZZ·?'.,~!TheSolarHomesandCommunitiesplan(SHCP)providedrebatesofupto$8,000fortheinstallationofsolarphotovoltaicsystems.TheprogramendedinJune

2009

andresidualrebatesarestillbeingprocessed.TheGovemmentwillcaptheamountremainingavailableforoutstandingclaims,allowing$85milliontoberedirectedtothefloodrecoveryeffort.

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TheGlobalCarbonCaptureandStorageInstitutewasestablishedtoconnectpartiesaroundtheworldtoaddressissuesandlearnfromeachothertoacceleratethedeploymentofcarboncaptureandstorageprojects.TheGovemmentwillreducefundingfortheInstitute

atotalof$55millionovertheforwardestimateswith$5millionofthiscontributiontothe.Institutetoberephasedtobeyondtheforward'estimates.TheGovernmentwillcontinuetocontribute

$109

milliontotheInstituteovertheforwardestimatesperiod.

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TheAustralianGovemmentwillwithdrawitsfundingtotheO-BahnCityAccess.projectinAdelaide.ThisistheresultofaSignificantscopereductionoftheoriginalproject,resultinginonlylimitedtransportbenefits.Theprojectwillnotproceedatthispointintime.Fulldetailswillbepublishedinthe

2011-12

Budget.