6.12 The committee recommends that all unspent
Foundation Partnership funds be returned to the Commonwealth immediately; and
that these funds be earmarked for expenditure on projects to protect and
preserve the Reef, to be expended by 30 June 2024.
6.16 The committee recommends the Commonwealth
Government undertake a review, to be completed by 1 July 2019, of the structure
of Commonwealth funding to protect and preserve the Great Barrier Reef. The
committee further recommends that the expenditure of unspent Foundation
Partnership funds be guided by the outcome of this review.
6.77 The committee recommends that the Commonwealth and
Queensland Governments publish an updated Reef 2050 Plan Investment Framework
that provides current figures on established funding by source and priority
6.81 Should a Government decide to maintain the
Foundation Agreement, the committee recommends that all necessary steps be
undertaken to ensure that the Foundation's investment of public funds precludes
investment in sectors or funds that directly or indirectly contribute to
climate change, particularly companies that generate energy from or undertake
mining of fossil fuels.
6.85 Should a Government decide to maintain the
Foundation Agreement, the committee recommends that the Senate order:
be laid on the table by the Minister representing the Minister for the
Environment and Energy, by no later than 31 October each year:
annual performance statement for the previous financial year that provides
information about the Great Barrier Reef Foundation's performance in achieving
the purposes of the Great Barrier Reef 2050 Partnership Program; and
and audited financial statements for the previous financial year for all
receipts and payments relating to the Great Barrier Reef 2050 Partnership
Program funds, including any co‑financed contributions.
the Senate is not sitting when a statement is ready for presentation, the
statement is to be presented to the President under standing order 166.
order has effect until the end of the last financial year in which the
Agreement is operative, following the cessation of the Partnership.
6.98 Should a Government decide to maintain the
Foundation Agreement, the committee recommends that the Auditor-General
undertake a second audit of the Partnership in late 2019–20 once the design
aspects of the Partnership have been finalised.
6.104 The committee recommends that the Commonwealth
Government take steps to address and effectively tackle climate change as an
underlying cause of economic, social and environmental damage to the Reef and
the Australian environment more broadly.
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