Australian Capital Territory
Financial Management (Capital Injection Conditions) Amendment 2004 (No 1)
Notifiable instrument NI2004 — 98
made under the
Financial Management Act 1996, s19C Amendment of Conditions of Capital Injection

I, Ted Quinlan, Treasurer, do hereby exercise my authority under section 19C of the Financial Management Act 1996 to amend the conditions attached to capital injection. 

The capital injection was originally appropriated to the Department of Urban Services, and to be on-passed to Tidbinbilla Nature Reserve to provide funding for the construction and maintenance of a visitor’s information centre and tourist facilities.

The original conditions of the capital injection were:
•	Principal repayments of $0.1m to commence in 2000-01 with the final repayment due in 2007-08.  The outstanding balance is $0.5m.
•	Interest is charged on the daily outstanding balance at the 90-day bank bill swap rate plus 1.5%.
•	Interest is paid quarterly and the interest rate is reset each quarter.
•	Principal repayments can be made at any time without penalty.
•	The outstanding loan balance is $0.5m with outstanding interest as at 17 February 2004 being $4,945.78.

The terms of the debt capital injection are stated in Budget Paper No. 4, 2003‑2004, page 483.

The conditions are revised, in that the balance of the debt capital injection of $0.5m and associated interest payments will be written off. 

Signed on	21 April 2004 		

Ted Quinlan
Treasurer