45Fire brigades funding target

45 Fire brigades funding target

45 Fire brigades funding target

(1) Before 31 March in each year or a later date agreed to by the Treasurer, the Minister must—

(a) prepare and, subject to the Treasurer’s agreement, adopt a funding target for Fire and Rescue NSW for the next financial year (the fire brigades funding target), and

(b) prepare and adopt an estimate of the amount of the fire brigades funding target for each fire district for the next financial year.

(2) The Minister is to calculate the fire brigades funding target for the financial year using the following formula—

where—

FTt is the fire brigades funding target for the financial year (represented by “t”).

EEt is the estimated fire brigades expenditure for the financial year.

AEt-2 is the actual fire brigades expenditure for the financial year that commenced 2 years before the period “t” (represented as “t-2”).

EEt-2 is the estimated fire brigades expenditure for the financial year that commenced 2 years before the period “t” (represented as “t-2”).

(3) To avoid doubt, if AEt-2−EEt-2 is a negative amount, that amount is subtracted from EEt.

(4) The estimate of fire brigades expenditure for a financial year is to be reduced, as necessary, by the amount it is estimated will be paid to the Fund for the financial year (other than from contributions made by the Treasurer).

(5) The actual fire brigades expenditure for a financial year is to be reduced, as necessary, by the amount paid to the Fund for the financial year (other than from contributions made by the Treasurer).

(6) Without limiting subsections (4) and (5), the Minister may, with the Treasurer’s agreement, decide that adjustments are not to be made to the fire brigades funding target in respect of—

(a) certain money paid into the Fund, or

(b) certain amounts it is estimated will be paid to Fire and Rescue NSW for the financial year.

(7) In determining the amount of the fire brigades funding target for each fire district, the Minister may apportion the total estimated expenditure between fire districts in the way the Minister thinks fit.