2012-13 Government Mid-year Financial Projections Statement

Appendix 3PROVISIONSMAJOR SPENDING CHANGES2012-13$m2013-14$m2014-15$m2015-16$mExpensesTeacher Registration Board 5.0 5.0 5.0 5.0Pilbara Generation Capacity – Synergy operatingsubsidy - 15.0 17.0 -Asset InvestmentTransport Infrastructure to support the new PerthStadium 22.3 38.1 12.6 34.1Pilbara Generation Capacity – site works and networkupgrade - 21.0 - -ProvisionsExpensesTeacher Registration BoardThe mid-year review includes a financial provision to reflect the integration of theTeacher Registration Board into the Department of Education Services on7 December 2012. The board was established by proclamation of the TeacherRegistration Act 2012 and replaces the Western Australian College of Teaching.The provision, which includes expenses of $5 million per annum, is matched by anequivalent annual revenue stream.Pilbara Generation Capacity - Synergy operating subsidy provisionThe operating subsidy paid to Synergy is assumed to increase by $32 million over theforward estimates period as a result of Horizon Power’s Pilbara Generation Capacityactivities. This amount will be held as a provision, with release subject to final approvalsof the Minister for Energy and the Treasurer.Asset InvestmentTransport Infrastructure to support the new Perth StadiumThe State Government has approved the Project Definition Plan for transportinfrastructure associated with the new Perth Stadium. A total of $339.3 million will bespent on the construction of the rail and road transport infrastructure, including$196.7 million over the forward estimates period (up from $102 million in the2012-13 Budget). This includes a new train station alongside the Stadium, rail signalupgrades, upgrades to the East Perth train station, two new bus facilities, a new pedestrianbridge over the Swan River, and road enhancements and improvements. In addition,$19.4 million will be spent on project management by the Public Transport Authority andMain Roads.127