Portfolio additional
estimates Statements 2010-11

treasury Portfolio

Explanations OF additional estimates 2010-11

ISBN 978-0-642-74672-6

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DEPUTY PRIME MINISTER
TREASURER
po box 6022
Parliament House
Canberra ACT 2600
Telephone: 02 6277 7340
Facsimile: 02 6273 3420
www.treasurer.gov.au
President of the Senate
Australian Senate
Parliament House
CANBERRA ACT 2600

Speaker
House of Representatives
Parliament House
CANBERRA ACT 2600

Dear Mr President
Dear Mr Speaker
I hereby submit Portfolio Additional Estimates Statements in support of the 2010‑11 Additional Estimates for the Treasury portfolio.
These statements have been developed, and are submitted to the Parliament, as a statement on the additional funding requirements being sought for the portfolio.
I present these statements to provide accountability to the Parliament and, through it, the public.
Yours sincerely

Wayne Swan

Abbreviations and conventions
The following notation may be used:
‑	nil	
..	not zero, but rounded to zero	
*	unquantifiable	
na	not applicable (unless otherwise specified)	
nfp	not for publication	
$m	$ million	
$b	$ billion	

Figures in tables and in the text may be rounded. Figures in text are generally rounded to one decimal place, whereas figures in tables are generally rounded to the nearest thousand. Discrepancies in tables between totals and sums of components are due to rounding.
Enquiries
Should you have any enquiries regarding this publication please contact Mr Robert Ward in the Department of the Treasury on 02 6263 2111.
A copy of this document can be located on the Australian Government Budget website at: http://www.budget.gov.au.

User guide
to the
Portfolio Additional Estimates Statements

User guide
The purpose of the Portfolio Additional Estimates Statements (PAES), like that of the Portfolio Budget Statements, is to inform Senators and Members of Parliament and the public of the proposed allocation of resources to government outcomes by agencies within the portfolio.
The focus of the PAES differs from the Portfolio Budget Statements in one important aspect. While the PAES include an Agency Resource Statement to inform Parliament of the revised estimate of the total resources available to an agency, the focus of the PAES is on explaining the changes in resourcing since the Budget. As such, the PAES provides information on new measures and their impact on the financial and non‑financial planned performance of agencies.
The PAES facilitate understanding of the proposed appropriations in Appropriation Bills (No. 3 and No. 4) 2010-11. In this sense the PAES is declared by the Additional Estimates Appropriation Bills to be a ‘relevant document’ to the interpretation of the Bills according to section 15AB of the Acts Interpretation Act 1901.
Whereas the Mid‑Year Economic and Fiscal Outlook 2010-11 is a mid‑year budget report which provides updated information to allow the assessment of the Government’s fiscal performance against its fiscal strategy, the PAES update the most recent budget appropriations for agencies within the portfolio.

Structure of the Portfolio Additional Estimates Statements
The PAES are presented in three parts with subsections.
User guide	
Provides a brief introduction explaining the purpose of the PAES.	
Portfolio overview		
Provides an overview of the portfolio, including a chart that outlines the outcomes for agencies in the portfolio.	
Agency Additional Estimates Statements	
A statement (under the name of the agency) for each agency affected by Additional Estimates.	
Section 1: Agency overview and resources	This section details the total resources available to an agency, the impact of any measures since the Budget, and impact on Appropriation Bills No. 3 and No. 4.	
Section 2: Revisions to outcomes and planned performance	This section details changes to Government outcomes and/or changes to the planned performance of agency programs.	
Section 3: Explanatory tables and budgeted financial statements	This section contains updated explanatory tables on special account flows and staffing levels and revisions to the budgeted financial statements.	

Contents

Portfolio overview	1
Agency Additional Estimates Statements	7
Department of the Treasury	9
Australian Securities and Investments Commission	29
Productivity Commission	53

Portfolio overview

Treasury portfolio overview
There has been no significant change to the portfolio overview, portfolio responsibilities or agency outcomes from that included in the Portfolio Budget Statements 2010-11 (pages 3‑5).
Additional estimates are being sought for the Department of the Treasury, the Australian Securities and Investments Commission and the Productivity Commission. Explanations of additional estimates for these agencies are detailed in their respective section in the Portfolio Additional Estimates Statements.
There are no additional estimates for the Australian Bureau of Statistics, the Australian Competition and Consumer Commission, the Australian Office of Financial Management, the Australian Prudential Regulation Authority, the Australian Taxation Office, the Commonwealth Grants Commission, the Corporations and Markets Advisory Committee, the Inspector‑General of Taxation, the National Competition Council, the Office of the Auditing and Assurance Standards Board, the Office of the Australian Accounting Standards Board or the Royal Australian Mint.

Figure 1: Treasury portfolio structure and outcomes

Figure 1: Treasury portfolio structure and outcomes (continued)

Portfolio resources
Table 1 shows a summary of resources for those agencies that are seeking funding through Appropriation Bills (No. 3 and No. 4) 2010-11.
Table 1: Portfolio resources 2010-11

Agency Additional Estimates Statements