Appendix A: Capital Measures (Continued)
Attorney‑General's
Personal Property Securities Register — additional funding
| 2010‑11 | 2011‑12 | 2012‑13 | 2013‑14 | 2014-15 | |
|---|---|---|---|---|---|
| Attorney-General's Department | - | 1.8 | - | - | - |
| Insolvency and Trustee Service Australia |
- | 1.0 | - | - | - |
| Total - Capital | - | 2.8 | - | - | - |
| Related revenue ($m) | |||||
| Attorney-General's Department | - | - | - | - | - |
| Insolvency and Trustee Service Australia |
- | -3.5 | 0.6 | 0.6 | 8.1 |
| Total - Revenue | - | -3.5 | 0.6 | 0.6 | 8.1 |
| Related expense ($m) | |||||
| Attorney-General's Department | - | 1.4 | - | - | - |
| Insolvency and Trustee Service Australia |
- | -0.4 | - | - | - |
| Total - Expense | - | 1.0 | - | - | - |
The Government will provide $7.5 million in 2011‑12 (including capital of $2.8 million) to support the finalisation of the Personal Property Securities Register (PPSR). The additional funding will support a delay to the commencement date of the PPSR to allow for further testing and capability upgrades to ensure the PPSR and other necessary systems meet stakeholder expectations. This delay will result in a $3.5 million reduction of revenue in 2011‑12.
The costs of this measure will be offset from an increase to the existing cost recovery arrangements of the PPSR.
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