Fiscal risks
Fiscal risks comprise general developments or specific events that may affect the fiscal outlook. Some developments or events raise the possibility of a fiscal impact. In other cases, the likelihood of a fiscal impact may be reasonably certain, but will not be included in the forward estimates because the timing or magnitude is not known.
Prime Minister and Cabinet
Whole‑of‑Government — 2018 Commonwealth Games to be hosted by the Gold Coast — government guarantees
The Australian Government supported the Gold Coast's bid to host the 2018 Commonwealth Games through the provision of guarantees in areas such as immigration, customs, work permits, taxation, security, protection of commercial rights, and communications and information technology. Costs and timing associated with implementing the guarantees are not available at this time.
Treasury
Energy Security Council
The Energy Security Council was established as part of the Clean Energy Future package to advise on support measures to address energy security risks. The Council will assess applications for financial assistance in the form of loans for generator owners who need to refinance their debt if finance on reasonable commercial terms is not otherwise available. The Council will also consider applications for loans or other assistance to address systemic risk to energy security in the event of financial distress on the part of an energy market participant. Factors relevant to the realisation of the risk include the circumstances of the generator owners and their ability to access finance from the commercial market.
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