Payments delivered by or through Treasury under the federal financial framework
1.5 Payments delivered by or through treasury under the federal financial framework
The Council of Australian Government (COAG) has agreed to a new framework for federal financial relations that is being implemented in a staged manner from 1 January 2009. Under these arrangements specific purpose payments (SPPs) will now be made through combined monthly payments from the Commonwealth Treasury to and through State and Territory Treasuries.
Details of payments which were previously the responsibility of the department and are now being made by the Treasury are summarised below, along with resources that continue to be held by the agency. Further information on the Federal Financial Relations arrangements can be found in the Portfolio Budget Statements of the Treasury and in Budget Paper No. 3, Australia’s Federal Relations 2009–10.
15 Sep 2009