Finance and Administration

Anzac Park East and West — refurbishment

Capital ($m)

	2004-05	2005-06	2006-07	2007-08
Department of Finance and Administration	39.4	44.4	-	-

The Government will provide $83.8 million over two years for the refurbishment of Anzac Park East and West, Canberra.

These heritage-listed buildings in the Parliamentary Triangle have been ‘mothballed’ since 1999 and are not tenantable in their current condition. The refurbished buildings will be retained and leased to Australian Government tenants, with net market rental receipts from 2006-07 expected to have a positive impact on the fiscal balance.

Medibank Private Limited — equity injection

Capital ($m)

	2004-05	2005-06	2006-07	2007-08
Department of Finance and Administration	-	-	-	-

The Government will provide an equity injection of $85 million in 2004-05 to Medibank Private Limited to assist it to achieve an optimal capital structure.

This measure will have no impact on fiscal balance as equity injections to agencies outside the general government sector only affect the composition of the Australian Government’s investment in financial assets.

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