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Disaster Ready Fund
The Disaster Ready Fund (DRF) is a fund established in Australia by the Morrison government. It is managed by the Future Fund, with interest generated going to medical research. In 2022, the DRF had a capitalisation of . Purpose The purpose of the fund is to build flood levees, sea walls and fire breaks, in order to reduce the impacts of disasters. Establishment The fund was established on 12 December 2019 as the Emergency Response Fund, and was re-established on 1 March 2023 as the Disaster Ready Fund. The Emergency Response Fund had been replaced due to a lack of responsiveness. Application Projects funded by the DRF have included for the Disaster Relief Australia, who employ a significant number of veterans, and reduce the burden on the Australian Defence Force. See also * Australian federal budget An Australian federal budget is a document that sets out the estimated revenues and expenditures of the Australian Treasury in the following financial year, proposed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Australia
The Australian Government, also known as the Commonwealth Government or simply as the federal government, is the national Executive (government), executive government of Australia, a federalism, federal Parliamentary system, parliamentary constitutional monarchy. The executive consists of the Prime Minister of Australia, prime minister, Cabinet of Australia, cabinet ministers and other ministers that currently have the support of a majority of the members of the Australian House of Representatives, House of Representatives (the lower house) and also includes the Australian Government#Departments, departments and other List of Australian Government entities, executive bodies that ministers oversee. The Albanese government, current executive government consists of Anthony Albanese and other ministers of the Australian Labor Party (ALP), in office since the 2022 Australian federal election, 2022 federal election. The Prime Minister of Australia, prime minister is the Head of gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Finance (Australia)
The Department of Finance is a department of the Government of Australia that is charged with the responsibility of assisting the government across a wide range of policy areas to ensure its outcomes are met, particularly with regard to expenditure, financial management, and the operations of government. The administrative head of the department is the Secretary of the Department of Finance, presently Jenny Wilkinson, who reports to the Federal Minister for Finance, presently Senator Katy Gallagher. Unlike in many countries, Australia's Department of Finance does not deal with general economic policy, which is the responsibility of the Department of the Treasury. The Treasurer has a wider range of powers and responsibilities than the Minister for Finance, who has a comparatively narrower portfolio. The head office of the department is located at One Canberra Avenue, in the Canberra suburb of Forrest. Formerly, it was located in the John Gorton Building, named after Au ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morrison Government
The Morrison government was the Australian Government, federal executive government of Australia, led by Prime Minister of Australia, Prime Minister Scott Morrison of the Liberal Party of Australia, between 2018 and 2022. The Morrison government commenced on 24 August 2018, when it was sworn in by the Governor-General of Australia. It was composed of members of the Liberal Party of Australia, Liberal–National Party of Australia, National Coalition (Australia), Coalition and succeeded the Abbott government, Abbott (2013–2015) and Turnbull government, Turnbull (2015–2018) coalition governments in office, competing against the Australian Labor Party as the major Opposition (Australia), Opposition party. Nationals Leader Michael McCormack (Australian politician), Michael McCormack was Deputy Prime Minister of Australia from the formation of the Morrison government until June 2021. He was replaced as Leader of the Nationals and Deputy Prime Minister by Barnaby Joyce. Scott Morr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Future Fund
The Future Fund is an independently managed sovereign wealth fund established in 2006 to strengthen the Australian Government's long-term financial position by making provision for unfunded superannuation liabilities for public servants that will become payable during a period when an ageing population is likely to place significant pressure on the Commonwealth's finances. Purpose The legislation establishing the Future Fund describes its main object as being 'to strengthen the Commonwealth's long-term financial position'. While legislation permits withdrawals from the fund from 1 July 2020, the government indicated in 2017 it intends to allow the fund to continue to accumulate until at least 2026/27 before making withdrawals. The Investment Mandate for the Future Fund is to target a benchmark return of at least the Consumer Price Index + 4 to 5 per cent per annum over the long term, while taking an acceptable but not excessive level of risk. The Future Fund Board is currentl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Federal Budget
An Australian federal budget is a document that sets out the estimated revenues and expenditures of the Australian Treasury in the following financial year, proposed conduct of Australian government operations in that period, and its fiscal policy for the forward years. Budgets are called by the year in which they are presented to Parliament and relate to a financial year that commences on the following 1 July and ends on 30 June of the following year, so that the budget brought down in May relates to the / financial year (1 July – 30 June , FY). Revenue estimates detailed in the budget are raised through the Australian taxation system, with government spending (including transfers to the states) representing a sizeable proportion of the overall economy. Besides presenting the government's expected revenues and expenditures, the federal budget is also a political statement of the government's intentions and priorities, and has profound ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2019 Establishments In Australia
Nineteen or 19 may refer to: * 19 (number) * One of the years 19 BC, AD 19, 1919, 2019 Films * ''19'' (film), a 2001 Japanese film * ''Nineteen'' (1987 film), a 1987 science fiction film * '' 19-Nineteen'', a 2009 South Korean film * '' Diciannove'', a 2024 Italian drama film informally referred to as "Nineteen" in some sources Science * Potassium, an alkali metal * 19 Fortuna, an asteroid Music * 19 (band), a Japanese pop music duo Albums * ''19'' (Adele album), 2008 * ''19'', a 2003 album by Alsou * ''19'', a 2006 album by Evan Yo * ''19'', a 2018 album by MHD * ''19'', one half of the double album '' 63/19'' by Kool A.D. * ''Number Nineteen'', a 1971 album by American jazz pianist Mal Waldron * ''XIX'' (EP), a 2019 EP by 1the9 Songs * "19" (song), a 1985 song by British musician Paul Hardcastle * "Stone in Focus", officially "#19", a composition by Aphex Twin * "Nineteen", a song from the 1992 album ''Refugee'' by Bad4Good * "Nineteen", a song from the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Drought In Australia
Drought in Australia is defined by the Australian Bureau of Meteorology as rainfall over period greater than three-months being in the lowest decile of what has been recorded for that region in the past. This definition takes into account that drought is a relative term and rainfall deficiencies need to be compared to typical rainfall patterns including seasonal variations. Specifically, drought in Australia is defined in relation to a rainfall deficiency of pastoral leases and is determined by decile analysis applied to a certain area. Note that this definition uses rainfall only because long-term records are widely available across most of Australia. However, it does not take into account other variables that might be important for establishing surface water balance, such as evaporation and condensation. Historical climatic records are now sufficiently reliable to profile climate variability taking into account expectations for regions. Bureau of Meteorology records since the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
