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Federal Financial Relations (National Specific Purpose Payments) Determination 2016-17
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Turn the raw legal text into a practical explanation grounded in Federal Financial Relations (National Specific Purpose Payments) Determination 2016-17.
10. In accordance with subsection 14(4) of the Act, the indexation applied to the housing services national specific purpose payment from the previous financial year will be Wage Cost Index 1 (comprising safety net wage adjustment weighted by 75 per cent and all groups CPI weighted by 25 per cent).
11. For the purposes of paragraph 14(2)(c) of the Act, the 2016\-17 total amount for the housing services national specific purpose payment indexed in accordance with subsection 14(4) of the Act is $1,342,588,528.87.
12. In accordance with subsection 14(5) of the Act, the amounts specified in Table 3 are to be paid, for the 2016\-17 financial year, to the States specified in that table for the purpose of expenditure on housing services.
Table 3: National specific purpose payment for housing services 2016-17
| State | |
|---|---|
| New South Wales | $429,400,746.25 |
| Victoria | $343,850,679.45 |
| Queensland | $268,932,723.52 |
| Western Australia | $141,400,312.40 |
| South Australia | $94,548,120.32 |
| Tasmania | $28,582,512.32 |
| Australian Capital Territory | $22,379,383.02 |
| Northern Territory | $13,494,051.59 |
| Total | $1,342,588,528.87 |