Australian Capital Territory
Financial Management (Performance Criteria) Amendment 2005 (No 1)
Notifiable instrument NI2005—27

made under the
Financial Management Act 1996, s19D (Amendment of performance criteria)

1	Name of instrument
	This instrument is the Financial Management (Performance Criteria) Amendment 2005 (No 1).
2	Commencement
	This instrument is taken to have commenced 1 October 2004.
3	Amendment of 2004-2005 performance criteria
	The performance criteria for the 2004-2005 financial year are amended as set out in the schedule.

Ted Quinlan
Treasurer 

Date: 12 January 2005

Schedule

Department	Output Class and Output	Description of performance criteria	Targets	Action	
			2004-05
Budget Papers	2004-05 Amended Target		
						
Department of Treasury	Output Class 1: 
Financial and Economic Management
•	Output 1.3: Revenue Management	Quantity measure (i) Stamp Duty Homebuyer Concession.	120	925	Year-To-Date Target revised to 925.	

Explanatory Statement
This statement outlines the reasons for the amendment of performance criteria under section 19D of the Financial Management Act 1996. 
These amendments are made by the Department of Treasury, relating to Output Class 1: Financial and Economic Management, Output 1.3: Revenue Management.

Amendment to 2004-05 Target
Output 1.3: Revenue Management
Measure (i) Stamp Duty Homebuyer Concession
2004‑05 Target: 120

to be amended to:
Output 1.3: Revenue Management
Measure (i) Stamp Duty Homebuyer Concession
2004‑05 Target: 925

This amendment is to address the broadened scope for eligibility to the Government homebuyer concession scheme, as outlined on page 102 of 2004‑05 Budget Paper 3.  The widened scope is expected to generate a significant increase in successful concession scheme applicants, and as such the 2004‑05 Target is to be increased from the existing figure of 120 to 925, based on the projected number of applicants under the revised scheme.