Part 2: Payments for Specific Purposes
Contingent payments
Contingent payments arise where the Commonwealth has committed to provide compensation when an event occurs or otherwise guarantees the States' financial position. Payments to the States will only arise in the event that the relevant event occurs.
Table 2.112 contains existing payments that will continue to be paid from 1 January 2009 as National Partnership payments if a contingency arises.
Table 2.112: Contingent payments to the States
A brief description of all contingent payments including state allocations is listed below.
Exceptional Circumstances assistance
The Commonwealth will provide $227 million in 2009‑10 for Exceptional Circumstances interest rate subsidies to the States for Exceptional Circumstances support to eligible farmers and small business operators in a region that is experiencing a severe downturn due to a rare and severe climatic or other event.
Table 2.113: Estimated payments to the States for Exceptional Circumstances
assistance
Equine influenza emergency response
The Commonwealth provided $97.2 million to the States in 2007‑08 towards response costs associated with eradication of the equine influenza. As not all response costs had been recognised at 30 June 2008, an amount of $20.1 million was reallocated into 2008‑09 to allow the Commonwealth to meet its obligations. No further funding is required for this response as Australia was declared equine influenza‑free according to international standards in December 2008.
Table 2.114: Estimated payments to the States for the equine influenza
emergency response
Hepatitis C settlement fund
The Commonwealth will contribute up to $1.4 million in 2009‑10 to the States' schemes for out‑of‑court settlement costs for eligible individuals who contracted Hepatitis C through the blood supply between 1985 and 1991.
Table 2.115: Estimated payments to the States for the Hepatitis C
settlement fund
Natural disaster relief
In 2009‑10 the Commonwealth will provide $80.0 million under the Natural Disaster Relief and Recovery Arrangements, to partially reimburse the States for their expenditure on relief assistance following an eligible natural disaster.
Table 2.116: Estimated payments to the States for natural disaster relief
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