Table A.8: Estimated contingent payments to the States, by year and State
- Natural disaster recovery and rebuilding relates to reimbursements made under the Natural Disaster Relief and Recovery Arrangements (NDRRA). The Commonwealth recognises a liability equal to the present value of future payments expected to be made to the States under the NDRRA. The estimated expenses in the table above reflect the 'unwinding of the discount' on the provision, which reflects the time value of money. The cash estimates for the NDRRA are presented in Table 3.25.
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