Federal Financial Relations (National Specific Purpose Payments for 2021-22) Determination 2022

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Commonwealth Coat of Arms of Australia

 

Federal Financial Relations (National Specific Purpose Payments for 2021‑22) Determination 2022

I, Andrew Leigh, Assistant Minister for Competition, Charities and Treasury, make the following determination.

Dated   12 December 2022

 

Dr Andrew Leigh

Assistant Minister for Competition, Charities and Treasury

Parliamentary Secretary to the Treasurer

 

 

 

 

Contents

Part 1—Preliminary

1  Name 

2  Commencement

3  Authority

4  Definitions

Part 2—Determination of national specific purpose payments for 2021-22

5  National specific purpose payments for skills and workforce development for 2021‑22

Part 1—Preliminary

1  Name  

  This instrument is the Federal Financial Relations (National Specific Purpose Payments for 2021-22) Determination 2022.

2  Commencement

 (1) Each provision of instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

• Commencement information
• Column 1 Column 2 Column 3
• Provisions Commencement Date/Details
• 1. The whole of this instrument The day after this instrument is registered.

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

 (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

  This instrument is made under the Federal Financial Relations Act 2009.

4  Definitions

Note: Paragraph 13(1)(b) of the Legislation Act 2003 has the effect that expressions have the same meaning in this instrument as in the Federal Financial Relations Act 2009 as in force from time to time.

  In this instrument:

the Act means the Federal Financial Relations Act 2009.

Part 2—Determination of national specific purpose payments for 2021-22

5  National specific purpose payments for skills and workforce development for 2021‑22

 (1) For the purposes of subsection 12(4) of the Act, the total amount under paragraph 12(2)(c) of the Act is to be indexed for the 2021-22 financial year in the manner set out in paragraph D27 in Schedule D to the Intergovernmental Agreement using the estimates published in the 2022-23 Budget (March 2022). The result of the determined manner of indexation for the 2021‑22 financial year is that the total amount is to be indexed by applying a growth rate of 1.09 per cent.

Note 1: Paragraph D27 in Schedule D to the Intergovernmental Agreement provides that the growth factor for national skills and workforce development specific purpose payments is calculated according to the following formula:

Start formula growth factor equal to open round bracket 0.85 times wage cost index 1 close round bracket plus open round bracket 0.25 times wage cost index 6 close round bracket end formula

Note 2: The Wage Cost Indices are weighted averages of movements in a wage component and the All Groups Consumer Price Index published by the Australian Statistician, to reflect movements in labour and supplier costs respectively. The wage component is calculated from dollar increases in the national minimum wage determined by the Fair Work Commission, expressed as a percentage of the latest available Average Weekly Ordinary Time Earnings figures published by the Australian Statistician.

 (2) Under paragraph 12(2)(c) of the Act, the total amount of all financial assistance payable under subsection 12(1) of the Act to the States for the 2021-22 financial year is $1,577,500,029.39.

 (3) For the purposes of subsection 12(5) of the Act, the manner in which the total amount stated in subsection (2) of this section is to be divided between the States is the manner set out in the Intergovernmental Agreement. Each item of the following table specifies the resulting amount that is to be paid to the State specified in the item, for the purpose of making a grant of financial assistance for the 2021-22 financial year, for the purpose of expenditure on skills and workforce development: