Australian Government, 2013-14 Budget
Budget

Appendix D: Debt Transactions

The Commonwealth holds a stock of around $3.3 billion in loans advanced to the States. The States make interest payments and repayments to the Commonwealth in respect of these loans.

The Commonwealth advances the States loans under a range of agreements. These advances have often been over very long repayment periods (some in excess of 50 years), although the terms of each agreement vary considerably.

Most of the interest payments and repayments relate to housing and infrastructure. Payments are also made against loans under agreements for natural disasters and other purposes administered by various Commonwealth agencies.

Total advances, interest and repayments from the States to the Commonwealth are shown in Table D.1.

As stated in the 2012‑13 Budget, from the 2013‑14 Budget onwards, this Appendix shall only be available online at: www.budget.gov.au.

Table D.1: Summary of advances, interest and repayments, by year and State
$'000 NSW VIC QLD WA SA TAS ACT NT Total
Outstanding loans as at 30 June 2012                  
Contingent Liabilities                  
Loan to NSW to assist beneficiaries of the Asbestos Injuries Compensation Fund 14,850 - - - - - - - 14,850
Natural disaster relief 257 - 37,330 - - - - - 37,588
Environment                  
Northern Territory — water and sewerage assistance - - - - - - - 11,376 11,376
Housing                  
Commonwealth-State Housing Agreement loans 706,706 - 201,762 189,582 311,959 98,700 - 27,943 1,536,652
Housing for service personnel 46,131 - 25,957 4,950 2,043 - - - 79,081
Other housing - - - - - - 170,122 62,975 233,097
Infrastructure                  
Railway projects 42 42 - 2,332 - - - - 2,416
Sewerage 21,410 - 5,179 - 4,461 - - - 31,050
War service land settlement scheme 147 84 - - - - - - 231
Other purposes                  
Australian Capital Territory debt repayments - - - - - - 6,096 - 6,096
Loan Council — housing nominations 418,986 - 150,567 257,283 253,669 111,109 - 146,380 1,337,993
Table D.1: Summary of advances, interest and repayments, by year and State (continued)
$'000 NSW VIC QLD WA SA TAS ACT NT Total
2012‑13                  
Advances                  
Contingent Liabilities                  
Loan to NSW to assist beneficiaries of the Asbestos Injuries Compensation Fund 12,500 - - - - - - - 12,500
Natural disaster relief 2,399 - - - - - - - 2,399
Repayments                  
Contingent liabilities                  
Natural disaster relief -145 - -7,282 - - - - - -7,427
Environment                  
Northern Territory — water and sewerage assistance - - - - - - - -1,450 -1,450
Housing                  
Commonwealth-State Housing Agreement loans -36,264 - -9,689 -9,167 -14,123 -4,861 - -725 -74,829
Housing for service personnel -1,330 - -819 -227 -42 - - - -2,418
Other housing - - - - - - -7,629 -2,448 -10,077
Infrastructure                  
Railway projects -9 -9 - -365 - - - - -383
Sewerage -6,370 - -1,588 - -1,043 - - - -9,001
War service land settlement scheme -147 -84 - - - - - - -231
Other purposes                  
Australian Capital Territory debt repayments - - - - - - -554 - -554
Loan Council — housing nominations -7,858 - -2,891 -5,012 -4,705 -2,107 - -2,616 -25,189
Table D.1: Summary of advances, interest and repayments, by year and State (continued)
$'000 NSW VIC QLD WA SA TAS ACT NT Total
2012‑13                  
Interest                  
Contingent liabilities                  
Loan to NSW to assist beneficiaries of the Asbestos Injuries Compensation Fund -933 - - - - - - - -933
Natural disaster relief -5 - -998 - - - - - -1,003
Housing                  
Commonwealth-State Housing Agreement loans -37,384 - -10,586 -9,986 -16,494 -5,195 - -1,445 -81,090
Housing for service personnel -2,068 - -1,162 -221 -92 - - - -3,543
Other housing - - - - - - -7,655 -3,741 -11,396
Infrastructure                  
Railway projects - - - -116 - - - - -116
Sewerage -2,039 - -574 - -447 - - - -3,060
War service land settlement scheme -9 -5 - - - - - - -14
Other purposes                  
Australian Capital Territory debt repayments - - - - - - -766 - -766
Loan Council — housing nominations -21,370 - -7,651 -13,085 -12,865 -5,641 - -7,407 -68,019
Net Financial Flow ‑101,032 -98 -43,240 -38,179 -49,811 -17,804 -16,604 -19,832 -286,600
Table D.1: Summary of advances, interest and repayments, by year and State (continued)
$'000 NSW VIC QLD WA SA TAS ACT NT Total
2013‑14                  
Advances                  
Contingent Liabilities                  
Loan to NSW to assist beneficiaries of the Asbestos Injuries Compensation Fund 50,000 - - - - - - - 50,000
Natural disaster relief 31,764 - 68,600 - - - - - 100,364
Repayments                  
Contingent liabilities                  
Natural disaster relief -102 - -10,568 - - - - - -10,670
Environment                  
Northern Territory — water and sewerage assistance - - - - - - - -1,450 -1,450
Housing                  
Commonwealth-State Housing Agreement loans -36,710 - -9,790 -9,294 -14,747 -4,945 - -758 -76,244
Housing for service personnel -1,413 - -874 -238 -47 - - - -2,572
Other housing - - - - - - -7,619 -2,572 -10,191
Infrastructure                  
Railway projects - - - -350 - - - - -350
Sewerage -7,004 - -1,746 - -1,165 - - - -9,915
War service land settlement scheme - - - - - - - - -
Other purposes                  
Australian Capital Territory debt repayments - - - - - - -554 - -554
Loan Council — housing nominations -8,211 - -3,021 -5,237 -4,917 -2,202 - -2,733 -26,321
Table D.1: Summary of advances, interest and repayments, by year and State (continued)
$'000 NSW VIC QLD WA SA TAS ACT NT Total
2013‑14                  
Interest                  
Contingent liabilities                  
Loan to NSW to assist beneficiaries of the Asbestos Injuries Compensation Fund -3,060 - - - - - - - -3,060
Natural disaster relief -66 - -875 - - - - - -941
Housing                  
Commonwealth-State Housing Agreement loans -35,608 - -10,118 -9,540 -15,815 -4,961 - -1,414 -77,456
Housing for service personnel -2,010 - -1,125 -211 -90 - - - -3,436
Other housing - - - - - - -7,312 -3,610 -10,922
Infrastructure                  
Railway projects - - - -96 - - - - -96
Sewerage -1,404 - -416 - -326 - - - -2,146
War service land settlement scheme - - - - - - - - -
Other purposes                  
Australian Capital Territory debt repayments - - - - - - -697 - -697
Loan Council — housing nominations -21,054 - -7,532 -12,879 -12,673 -5,555 - -7,301 -66,994
Net Financial Flow -34,878 - 22,535 -37,845 -49,780 -17,663 -16,182 -19,838 -153,651
Table D.1: Summary of advances, interest and repayments, by year and State (continued)
$'000 NSW VIC QLD WA SA TAS ACT NT Total
2014‑15                  
Advances                  
Contingent Liabilities                  
Loan to NSW to assist beneficiaries of the Asbestos Injuries Compensation Fund 50,000 - - - - - - - 50,000
Natural disaster relief - - 7,501 - - - - - 7,501
Repayments                  
Contingent liabilities                  
Natural disaster relief -321 - -10,567 - - - - - -10,888
Environment                  
Northern Territory — water and sewerage assistance - - - - - - - -1,450 -1,450
Housing                  
Commonwealth-State Housing Agreement loans -37,096 - -9,920 -9,424 -15,398 -5,028 - -792 -77,658
Housing for service personnel -1,503 - -915 -248 -52 - - - -2,718
Other housing - - - - - - -7,755 -2,703 -10,458
Infrastructure                  
Railway projects - - - -324 - - - - -324
Sewerage -7,703 - -1,919 - -1,037 - - - -10,659
War service land settlement scheme - - - - - - - - -
Other purposes                  
Australian Capital Territory debt repayments - - - - - - -555 - -555
Loan Council — housing nominations -8,581 - -3,157 -5,473 -5,138 -2,301 - -2,856 -27,506
Table D.1: Summary of advances, interest and repayments, by year and State (continued)
$'000 NSW VIC QLD WA SA TAS ACT NT Total
2014‑15                  
Interest                  
Contingent liabilities                  
Loan to NSW to assist beneficiaries of the Asbestos Injuries Compensation Fund -5,775 - - - - - - - -5,775
Natural disaster relief -912 - -1,854 - - - - - -2,766
Housing                  
Commonwealth-State Housing Agreement loans -33,794 - -9,643 -9,084 -15,097 -4,720 - -1,381 -73,719
Housing for service personnel -1,947 - -1,087 -200 -88 - - - -3,322
Other housing - - - - - - -6,969 -3,473 -10,442
Infrastructure                  
Railway projects - - - -76 - - - - -76
Sewerage -705 - -242 - -189 - - - -1,136
War service land settlement scheme - - - - - - - - -
Other purposes                  
Australian Capital Territory debt repayments - - - - - - -627 - -627
Loan Council — housing nominations -20,720 - -7,407 -12,661 -12,471 -5,464 - -7,189 -65,912
Net Financial Flow -69,057 - -39,210 -37,490 -49,470 -17,513 -15,906 -19,844 -248,490
Table D.1: Summary of advances, interest and repayments, by year and State (continued)
$'000 NSW VIC QLD WA SA TAS ACT NT Total
2015‑16                  
Advances                  
Contingent Liabilities                  
Loan to NSW to assist beneficiaries of the Asbestos Injuries Compensation Fund 25,000 - - - - - - - 25,000
Natural disaster relief - - 60 - - - - - 60
Repayments                  
Contingent liabilities                  
Natural disaster relief -4,270 - -19,142 - - - - - -23,412
Environment                  
Northern Territory — water and sewerage assistance - - - - - - - -1,450 -1,450
Housing                  
Commonwealth-State Housing Agreement loans -37,130 - -9,955 -9,543 -16,079 -5,052 - -828 -78,587
Housing for service personnel -1,595 - -976 -263 -57 - - - -2,891
Other housing - - - - - - -7,854 -2,839 -10,693
Infrastructure                  
Railway projects - - - -287 - - - - -287
Sewerage -1,342 - -964 - -648 - - - -2,954
War service land settlement scheme - - - - - - - - -
Other purposes                  
Australian Capital Territory debt repayments - - - - - - -555 - -555
Loan Council — housing nominations -8,967 - -3,299 -5,719 -5,369 -2,404 - -2,985 -28,743
Table D.1: Summary of advances, interest and repayments, by year and State (continued)
$'000 NSW VIC QLD WA SA TAS ACT NT Total
2015‑16                  
Interest                  
Contingent liabilities                  
Loan to NSW to assist beneficiaries of the Asbestos Injuries Compensation Fund -8,148 - - - - - - - -8,148
Natural disaster relief -904 - -1,803 - - - - - -2,707
Housing                  
Commonwealth-State Housing Agreement loans -31,943 - -9,156 -8,618 -14,337 -4,472 - -1,345 -69,871
Housing for service personnel -1,881 - -1,047 -189 -86 - - - -3,203
Other housing - - - - - - -6,620 -3,329 -9,949
Infrastructure                  
Railway projects - - - -55 - - - - -55
Sewerage -104 - -71 - -91 - - - -266
War service land settlement scheme - - - - - - - - -
Other purposes                  
Australian Capital Territory debt repayments - - - - - - -558 - -558
Loan Council — housing nominations -20,366 - -7,273 -12,429 -12,256 -5,366 - -7,072 -64,762
Net Financial Flow -91,650 - -53,626 -37,103 -48,923 -17,294 -15,587 -19,848 -284,031
Table D.1: Summary of advances, interest and repayments, by year and State (continued)
$'000 NSW VIC QLD WA SA TAS ACT NT Total
2016‑17                  
Advances                  
Contingent Liabilities                  
Loan to NSW to assist beneficiaries of the Asbestos Injuries Compensation Fund - - - - - - - - -
Natural disaster relief - - - - - - - - -
Repayments                  
Contingent liabilities                  
Natural disaster relief -4,270 - -14,190 - - - - - -18,460
Environment                  
Northern Territory — water and sewerage assistance - - - - - - - -1,200 -1,200
Housing                  
Commonwealth-State Housing Agreement loans -37,268 - -10,033 -9,596 -16,790 -5,105 - -865 -79,657
Housing for service personnel -1,697 - -1,037 -277 -63 - - - -3,074
Other housing - - - - - - -7,972 -3,119 -11,091
Infrastructure                  
Railway projects - - - -224 - - - - -224
Sewerage - - -50 - -340 - - - -390
War service land settlement scheme - - - - - - - - -
Other purposes                  
Australian Capital Territory debt repayments - - - - - - -555 - -555
Loan Council — housing nominations -9,370 - -3,447 -5,976 -5,611 -2,512 - -3,119 -30,035
Table D.1: Summary of advances, interest and repayments, by year and State (continued)
$'000 NSW VIC QLD WA SA TAS ACT NT Total
2016‑17                  
Interest                  
Contingent liabilities                  
Loan to NSW to assist beneficiaries of the Asbestos Injuries Compensation Fund -8,724 - - - - - - - -8,724
Natural disaster relief -790 - -1,479 - - - - - -2,269
Housing                  
Commonwealth-State Housing Agreement loans -30,078 - -8,665 -8,142 -13,533 -5,348 - -1,307 -67,073
Housing for service personnel -1,810 - -1,004 -178 -83 - - - -3,075
Other housing - - - - - - -6,267 -3,179 -9,446
Infrastructure                  
Railway projects - - - -42 - - - - -42
Sewerage - - - - -38 - - - -38
War service land settlement scheme - - - - - - - - -
Other purposes                  
Australian Capital Territory debt repayments - - - - - - -488 - -488
Loan Council — housing nominations -19,992 - -7,133 -12,184 -12,028 -4,138 - -6,946 -62,421
Net Financial Flow -113,999 - -47,038 -36,619 -48,486 -17,103 -15,282 -19,735 -298,262

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