Australian Capital Territory
Financial Management (Performance Criteria) Amendment 2014 (No 2)
Notifiable instrument NI2014-221
made under the
Financial Management Act 1996 (S19D Amendment of Performance Criteria)
EXPLANATORY STATEMENT

This statement is made by the Capital Metro Agency and outlines the reasons for the amendment of performance criteria under section 19D of the Financial Management Act 1996.

This instrument provides for amendments to the below targets for activity recorded within the ACT Budget Papers within the Capital Metro Agency.

Directorate: Capital Metro Agency
Output Class1: Light Rail Network Stage 1
Output 1.1: Light Rail Network Stage 1
Accountability Indicator: 1.1.c

The original target in the budget papers was to develop a Revised Business Case for possible provision to Infrastructure Australia.  With the changes in the nature and focus of Infrastructure Australia, as a result of the change in Commonwealth Government in 2013, that target has been replaced with the development of a ‘rapid’ business case to inform Government consideration of reference design parameters.