Provide details of payments in and out of Dwellng Houses Loan Fund for last 10 years.

1240/5(8504)

WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY SENATOR A. BRECKON

ANSWER TO BE TABLED ON MONDAY 22nd SEPTEMBER 2014

Question

Will the Minister provide details of the payments in and out of the Dwelling Houses Loan Fund in each of the last 10 years and state what the funds that were withdrawn were used for?

Answer

The following is a summary of the receipts and payment transactions into and out of the Fund, as published in the States Annual Financial Statements for the financial years ending 31 December 2003 to 31 December 2013. There are many borrowers whose residential dwellings are partly financed by way of loans issued from the Dwelling Houses Loan Fund.

In this response to the question, the following assumptions have been made:-

1. It is assumed that the question does not require details shown for each individual borrower payment/receipt to be summarised at an individual borrower level due to the volume of these transactions.
2. Information provided has been prepared with the best information available, but may be not wholly accurate due to the ability to extract historic information in a short space of time.
3. This reflects cash receipts and payments but does not include investment returns which may be either realised or unrealised.