Part 4: Financial statements (continued)

Date
Note 25: Administered consolidation
Treasury HCS Scheme Total
2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000
REVENUE:
Non-taxation revenue
Interest
Gross IMF remuneration 2,314 3,833 - - 2,314 3,833
Less: Burden sharing (78) (86) - - (78) (86)
Net IMF remuneration 2,236 3,747 - - 2,236 3,747
Other interest - - - 70 - 70
Total interest 2,236 3,747 - 70 2,236 3,817
Dividends
Reserve Bank of Australia 5,976,709 1,402,968 - - 5,976,709 1,402,968
Total dividends 5,976,709 1,402,968 - - 5,976,709 1,402,968
Sale of goods and rendering
of services
GST administration fees
- external entities		 564,222 630,480 - - 564,222 630,480
Guarantee Schemefor Large Deposits andWholesale Funding fee 1,265,118 476,415 - - 1,265,118 476,415
Guarantee Scheme for State
andTerritory Borrowing		 101,647 - - - 101,647 -
Total sale of goods and
rendering of services		 1,930,987 1,106,895 - - 1,930,987 1,106,895
COAG receipts from government
agencies
Building Australia Fund receipts 411,000 1,005,000 - - 411,000 1,005,000
Health and Hospital Fund receipts 117,925 109,200 - - 117,925 109,200
Education and Innovation Fund receipts 28,724 - - - 28,724 -
Interstate road transport receipts 60,823 8,790 - - 60,823 8,790
Non-government schools receipts 3,021,461 937,282 - - 3,021,461 937,282
Total COAG receipts
fromgovernment agencies		 3,639,933 2,060,272 - - 3,639,933 2,060,272
Note 25: Administered consolidation
Treasury HCS Scheme Total
2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000
Other revenue
Write back of HCS scheme 3,119 42,634 - - 3,119 42,634
HIH Group liquidation proceeds 53,776 22,860 - - 53,776 22,860
State cellar door subsidy savings 115,926 68,723 - - 115,926 68,723
Other revenue 4,272 3,058 (9) (59) 4,263 2,999
Total other revenue 177,093 137,275 (9) (59) 177,084 137,216
Total revenues administered
on behalf of Government 11,726,958 4,711,157 (9) 11 11,726,949 4,711,168
Gains
Net foreign exchange
gains/(losses)
IMF SDR allocation 289,805 - - - 289,805 -
IMF maintenance of value 1,136,045 - - - 1,136,045 -
IMF quota revaluation (582,170) - - - (582,170) -
IFIs revaluation (55,445) - (55,445) -
Other foreign exchange 2,626 - - - 2,626 -
Total net foreign exchange
gains/(losses) 790,861 - - - 790,861 -
Oher gains
Resources received free of charge 14,148 - - - 14,148 -
Total other gains 14,148 - - - 14,148 -
Total gains administered
on behalf of Government		 805,009 - - - 805,009 -
Total income administered
on behalf of Government 12,531,967 4,711,157 (9) 11 12,531,958 4,711,168
Note 25: Administered consolidation (continued)
Treasury HCS Scheme Total
2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000
EXPENSES:
Grants
Grants to State and Territory
Governments 84,285,577 51,583,434 - - 84,285,577 51,583,434
Payment of COAG receipts from
government agencies 3,658,638 2,060,272 - - 3,658,638 2,060,272
Other grants 30,000 (157) - - 30,000 (157)
Total grants 87,974,215 53,643,549 - - 87,974,215 53,643,549
Interest
IMF charges 11,413 14,265 - - 11,413 14,265
Total interest 11,413 14,265 - - 11,413 14,265
Other expenses
HLIC claims (79) (298) - - (79) (298)
OzCar Special Purpose Vehicle 4,922 - - - 4,922 -
Other expenses 9,873 55 102 11 9,975 66
Total other expenses 14,716 (243) 102 11 14,818 (232)
Losses
Net foreign exchange losses/(gains)
IMF SDR allocation - 102,292 - - - 102,292
IMF maintenance of value - 996,192 - - - 996,192
IMF quota revaluation - (703,565) - - - (703,565)
Other - 8,634 - - - 8,634
Total net foreign exchange
losses/(gains) - 403,553 - - - 403,553
Total losses administered
on behalf of Government - 403,553 - - - 403,553
Total expenses administered
on behalf of Government 88,000,344 54,061,124 102 11 88,000,446 54,061,135

Note 25: Administered consolidation (continued)
Treasury HCS Scheme Total
2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000
ASSETS:
Financial assets
Cash and cash equivalents
Cash on hand or on deposits 4,054 8,229 9 1 4,063 8,230
Receivables
Guarantee Scheme for Large
Deposits and Wholesale
Funding contractual fee
receivable 2,840,078 2,660,585 - - 2,840,078 2,660,585
Guarantee Scheme for Large Deposits and
Wholesale Funding fee receivable 106,442 83,730 - - 106,442 83,730
Guarantee of State and Territory Borrowing
contractual fee receivable 482,830 - - - 482,830 -
Guarantee of State and Territory Borrowing
fee receivable 10,571 - - - 10,571 -
Net GST receivable
from the ATO 33 9 - - 33 9
HLIC premiums receivable 43 29 - - 43 29
IMF related moneys owing 380 532 - - 380 532
IMF maintenance of value 1,136,045 - - - 1,136,045 -
RBA dividend receivable 750,000 - - - 750,000 -
Total receivables (net) 5,
326,422 		2,744,885 - - 5,326,422 2,744,885

Note 25: Administered consolidation (continued)
Treasury HCS Scheme Total
2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000
Investments
International financial institutions
Asian Development Bank 248,148 273,940 - - 248,148 273,940
European Bank for
Reconstruction and Development 89,698 91,288 - - 89,698 91,288
International Bank for
Reconstruction and Development 213,248 223,997 - - 213,248 223,997
International Finance Corporation 55,531 58,330 - - 55,531 58,330
Multilateral Investment
Guarantee Agency 7,276 7,642 - - 7,276 7,642
Total international financial
institutions 613,901 655,197 - - 613,901 655,197
Quota
International Monetary Fund 5,601,246 6,183,416 - - 5,601,246 6,183,416
Australian Government entities
Reserve Bank of Australia 11,144,000 18,502,000 - - 11,144,000 18,502,000
Australian Reinsurance
Pool Corporation 604,460 551,177 - - 604,460 551,177
Total Australian
Government entities 11,748,460 19,053,177 - - 11,748,460 19,053,177
Total investments 17,963,607 25,891,790 - - 17,963,607 25,891,790
Non-financial assets
Other prepayments 545,346 - - - 545,346 -
OzCar Special Purpose Vehicle - - - - - -
Total non-financial assets 545,346 - - - 545,346 -
Total assets administered on
behalf of Government 23,839,429 28,644,904 9 1 23,839,438 28,644,905

Note 25: Administered consolidation (continued)
Treasury HCS Scheme Total
2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000
LIABILITIES:
Loans
IMF promissory notes 4,830,790 3,834,696 - - 4,830,790 3,834,696
Other promissory notes 52,103 54,729 - - 52,103 54,729
Total loans 4,882,893 3,889,425 - - 4,882,893 3,889,425
Grants
COAG grants payable 395,306 558,917 - - 395,306 558,917
Total grants 395,306 558,917 - - 395,306 558,917
Other payables
GST appropriation payable 3
3 		9 - - 33 9
IMF SDR allocation 5,454,469 899,016 - - 5,454,469 899,016
IMF maintenance of value - 996,192 - - - 996,192
IMF related monies owing 2,213 651 - - 2,213 651
OzCar Special Purpose Vehicle 4,922 - - - 4,922 -
Other 9,201 - 9 1 9,210 1
Total other payables 5,470,838 1,895,868 9 1 5,470,847 1,895,869
Note 25: Administered consolidation (continued)
Treasury HCS Scheme Total
2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000
Unearned income
Guarantee Scheme for Large Deposits
and Wholesale Funding contractual
guarantee service obligation		 2,840,078 2,660,585 - - 2,840,078 2,660,585
Guarantee of State and TerritoryBorrowing
contractual guarantee
service obligation		 482,830 - - - 482,830 -
Total unearned income 3,322,908 2,660,585 - - 3,322,908 2,660,585
Other provisions
Provision for insurance claims - 79 - - - 79
Provision for HCS scheme 30,540 38,227 - - 30,540 38,227
Total other provisions 30,540 38,306 - - 30,540 38,306
Total other provisions
and payables		 8,824,286 4,594,759 9 1 8,824,295 4,594,760
Total liabilities administered
on behalf of Government		 14,102,485 9,043,101 9 1 14,102,494 9,043,102
Net assets administered
on behalf of Government		 9,736,944 19,601,803 - - 9,736,944 19,601,803
Note 26. Appropriations
Note 26A1: Acquittal of authority to draw cash from the consolidated revenue fund for ordinary annual services appropriations
Administered expenses
Outcome 1		 Departmental
outputs		 Total
2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000
Balance brought forward from previous
period (Appropriation Acts) - - 73,063 70,978 73,063 70,978
Appropriation Act:
Appropriation Act (No. 1, 3)
2009-2010 as passed 1,000 5,000 167,320 147,174 168,320 152,174
Appropriation reduced
(Appropriation Act s10, 11 and 12) - - (4,379) - (4,379) -
Advance to the Finance Minister
(Appropriation Act s13) 29,675 - - - 29,675 -
FMA Act:
Repayments to the Commonwealth
(FMA s30) - - - - - -
Appropriations to take
account of recoverable GST
(FMA s30A) 67 5 4,892 4,566 4,959 4,571
Relevant agency receipts
(FMA s31) - - 13,864 10,389 13,864 10,389
Transfer of agency function
(FMA s32) - - - (1,243) - (1,243)
Total appropriations available
for payments 30,742 5,005 254,760 231,864 285,502 236,869

Note 26A2: Acquittal of authority to draw cash from the consolidated revenue fund for ordinary annual services appropriations (reduction in administered items)
Administered expenses
Outcome 1		 Tota
Particulars 2010
$		 2009
$		 2010
$		 2009
$
Reduction in administered items
Total administered items appropriated 2009-2010 30,675,000.00 5,000,000.00 30,675,000.00 5,000,000.00
Less administered items required by the
agency per Appropriation Act s111:
Appropriation Act (No. 1) 2009-2010 30,674,470.49 56,679.10 30,674,470.49 56,679.10
Appropriation Act (No. 3) 2009-2010 0.00 0.00 0.00 0.00
Appropriation Act (No. 5) 2009-2010 0.00 0.00 0.00 0.00
Other annual appropriation acts as passed: 0.00 0.00 0.00 0.00
Total administered items required by
the agency as represented by:
Spent 30,674,470.49 56,679.10 30,674,470.49 56,679.10
Retention 0.00 0.00 0.00 0.00
Total reduction in administered items - effective 2010-2011 529.51 4,943,320.90 529.51 4,943,320.90

1 Administered items for 2009-10 were reduced to these amounts when these financial statements were tabled in the Parliament as part of the Department of the Treasury’s 2009-10 annual report. This reduction is effective in 2010-11 and the amounts in the total reduction row will be reflected in Table A1 in the 2010-11 financial statements in the row ‘Appropriations reduced (Appropriation Act s10, 11 and 12)’.

Note 26B1: Acquittal of authority to draw cash from the consolidated revenue fund for other than ordinary annual services appropriations
Operating Non-operating
Outcome Total
(2010)		 Outcome Total
(2009)
Outcome 1 Previous years' Admin assets
SPPs SPPs Equity outputs and liabilities Total
2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000
Balance brought forward
from previous period
(Appropriation Acts)		 - - - - 68,794 48,508
68,794 48,508
Appropriation Act:
Appropriation Act (No. 2, 4)
2009-2010 as passed
- 84,983 11,959 21,304 2,998 1,800 19,010 83,840 33,967 191,927
Other annual appropriation
acts as passed:
Appropriation (Economic
Security Strategy Act)
- 1,184,883 - - - - - - - 1,184,883
Transfer of agencyfunction (FMA s32) - - - - - 949 - - - 949
Appropriation reduced
(Appropriation Act
s12, 13 and 14)
- - (7,438) - - - - - (7,438) -
Advance to the Finance Minister
(Appropriation Act s15)		 - - - - - - - - - -
FMA Act:
Repayments to the
Commonwealth (FMA s30)
- - - - - - - - - -
Appropriations to take account
of recoverable
GST (FMA s30A)
- - 452 2,130 300 275 107 407 859 2,812
Adjustment of appropriations
on change of entity function
Total appropriations
available for payments		 - 1,269,866 4,973 23,434 3,298 3,024 87,911 132,755 96,182 1,429,079

Note 26B2: Acquittal of authority to draw cash from the consolidated revenue fund for other than ordinary annual services appropriations (continued)
Operating Non-operating
Outcome Total
(2010)		 Outcome Total
(2009)
Outcome 1 Previous years' Admin assets
SPPs SPPs Equity outputs and liabilities Total
2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000		 2010
$'000		 2009
$'000
Cash payments made
duringthe year (GST inclusive)		 - (615,768) (4,973) (23,434) (3,298) (3,024) (4,776) (63,961) (13,047) (706,187)
Appropriations credited to
special accounts
(GST exclusive)		 - - - - - - - - - -
Balance of authority to drawcash from the consolidated
revenue fund for other than
ordinary annual services
appropriations and asrepresented by:
- 654,098 - - - - 83,134 68,794 83,134 722,892
Cash at bank and on hand - - - - - - 4,054 8,229 4,054 8,229
Departmental
appropriationreceivable		 - - - - - - - - -
-
Undrawn, unlapsed
administered appropriations - 654,098 - - - - 79,080 60,565 79,080 714,663
Net GST payable (to)/from ATO - - - - - - - - - -
Adjustments under s101.13 of the
Finance Minister's Orders not
reflected above - - - - - - - - - -
Total - 654,098 - - - - 83,134 68,794 83,134 722,892

Note 26B2: Acquittal of authority to draw cash from the consolidated revenue fund for other than ordinary annual services appropriations (reduction in administered items)
Operating
Outcome 1
SPPs Total
2010
$		 2009
$		 2010
$		 2009
$
Reduction in administered items
Total administered items appropriated 1,269,866,000 - 1,269,866,000.00
Less administered items required by the
agency per Appropriation Act s121:
Appropriation Act (No. 2) 2009-2010 - 5,434,610.80 - 5,434,610.80
Appropriation Act (No. 4) 2009-2010 - - - -
Appropriation Act (No. 6) 2009-2010 - - - -
Other annual appropriation acts as passed: - 610,334,000.00 - 610,334,000.00
Total administered items required by
the agency as represented by:
Spent - 615,768,610.80 - 615,768,610.80
Retention - - - -
Total reduction in administered items - effective 2009-2010 - 654,097,389.20 - 654,097,389.20

1 Administered items for 2008-09 were reduced to these amounts when these financial statements were tabled in the Parliament as part of the Department of the Treasury’s 2008-09 annual report.

Note 26C: Acquittal of authority to draw cash from the consolidated revenue fund — special appropriations (unlimited amount)
A New Tax System (Commonwealth - State) Financial Arrangements Act 1999 2010
$'000		 2009
$'000
Outcome 1
Purpose: An Act under which the Australian Government guaranteed that in the transitional years following the
introduction of tax reform, each State's budgetary position would be no worse off than had the reforms
not beenimplemented.
All transactions under this Act are recognised as
administered items.
Cash payments made during the year (88,736) (40,996,912)
Appropriations credited to special accounts - -
Repayments to the Commonwealth (net) (FMA s30) - -
Total charged to appropriation (88,736) (40,996,912)
Budget estimate - 41,450,756
Federal Financial Relations Act 2009 2010
$'000		 2009
$'000
Outcome 1
Purpose: An Act to provide financial assistance to the States, the Australian Capital Territory
and theNorthern Territory, and for related purposes.
All transactions under this Act are recognised as administered items.
Cash payments made during the year (61,614,079) (3,162,950)
Appropriations credited to special accounts - -
Refunds credited (net) (FMA s30) - -
Total charged to appropriation (61,614,079) (3,162,950)
Budget estimate 59,264,932 3,181,600

 

Note 26C: Acquittal of authority to draw cash from the consolidated revenue fund — special appropriations (unlimited amount) (continued)
International Monetary Agreements Act 1947 2010
$'000		 2009
$'000
Outcome 1
Purpose: An Act to promote international monetary cooperation, exchange stability, and orderly exchange arrangements;
to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to
help ease the balance of payments adjustment.
All transactions under this Act are recognised as
administered items.
Cash payments made during the year (9,949) (17,543)
Appropriations credited to special accounts - -
Repayments to the Commonwealth (net) (FMA s30) - -
Total charged to appropriation (9,949) (17,543)
Budget estimate 4,466 433,711
Superannuation Industry (Supervision) Act 1993 2010
$		 2009
$
Outcome 1
Purpose: An Act to provide the framework for providing financial assistance to superannuation funds that had
suffered an eligible loss, that is a loss as a result of fraudulent conduct or theft.
All transactions under this Act are recognised as administered items.
Cash payments made during the year - -
Appropriations credited to special accounts - -
Repayments to the Commonwealth (net) (FMA s30) - 157
Total charged to appropriation - 157
Budget estimate - -

 

Note 26C: Acquittal of authority to draw cash from the consolidated revenue fund — special appropriations (unlimited amount)(continued)
Totals for unlimited special appropriations    2010
 $'000 		    2009
 $'000 
Cash payments made during the year    (61,712,764)    (44,177,405)
Appropriations credited to special accounts    -    -
Refunds credited (net) (FMA s30)    - 157
Total charged to appropriation    (61,712,764)    (44,177,248)
Budget estimate 59,269,398 45,066,067

 

Note 26D: Acquittal of authority to draw cash from the consolidated revenue fund — special appropriations (refund provisions)
Financial Management and Accountability Act 1997
Transactions reported in this table are Administered items		 2010  
$'000 		 2009
 $'000 
 Outcome 1 
Cash payments made during the year 20 1
Appropriations credited to special accounts - -
Repayments to the Commonwealth (net) (FMA s30)   - -
Total charged to appropriation 20 1
Budget estimate (FMA s28)   - -
Note 26E: Acquittal of authority to draw cash from the consolidated revenue fund — special appropriations (Section 39 of the FMA Act)

For the periods 2009-10 and 2008-09, the Treasury has not drawn cash under section 39 of the FMA Act.

Note 26F: Acquittal of authority to draw cash from the consolidated revenue fund — special appropriations (other disclosures)

The special appropriations listed below are administered in nature and the responsibility of the Treasury and were not used in the current reporting period or the previous reporting period and are therefore not shown in separate tables.

Limited
Act Purpose
Asian Development Bank
Act 1966		 Payments and promissory notes to establish the Bank
Balance available is USD$42,500,000 in callable shares
Asian Development Bank (Additional
Subscription) Act 1972		 Subscribe to 2,550 (paid-in) and 10,200 (callable) shares
Balance available is USD$102,000,000 in callable shares
Asian Development Bank (Additional
Subscription) Act 1977		 Subscribe to 2,869 (paid-in) and 25,818 (callable) shares
Balance available is USD$258,180,000 in callable shares
Asian Development Bank (Additional
Subscription) Act 1983		 Subscribe to 2,622 (paid-in) and 49,811 (callable) shares
Balance available is USD$498,110,000 in callable shares
Asian Development Bank (Additional
Subscription) Act 1995		 Subscribe to 2,047 (paid-in) and 100,323 (callable) shares
Balance available is USD$1,210,246,511 in callable shares
Asian Development Bank (Additional
Subscription) Act 2009		 Subscribe to 16,379 (paid-in) and 393,101 (callable) shares
Balance available is USD$4,742,173,913.5 in callable shares
and USD$197,588,066.5 in paid-in shares
European Bank for Reconstruction and
Development Act 1990		 Payments and promissory notes to establish the Bank
Balance available is USD$81,690,700 in callable shares
International Financial Institutions
(Share Increase) Act 1982		 For payments for additional shares of capital stock in theInternational Finance Corporation (IFC) and the International Bank for Reconstruction and Development (IBRD)
Balance available is USD$692,927,440 in
callable shares (IBRD)
International Monetary
AgreementsAct 1974		 Making payments, including for promissory notes,to the International Bank for Reconstructionand Development (IBRD)
Balance available is USD$37,638,120 in
callable shares (IBRD)
Multilateral Investment Guarantee Agency
Act 1997		 Payments of capital and on securities issued to establish the Agency
Balance available is USD$14,827,728 in callable shares
Papua New Guinea Loans
GuaranteeAct 1975		 Continuation of guarantees under the Papua New Guinea
Act 1949-75
Balance available is AUD$4,480,000

 

Note 26F: Acquittal of authority to draw cash from the consolidated revenue fund —
special appropriations (other disclosures) (continued)
Unlimited  
Act Purpose
Car Dealership Financing Guarantee
Appropriation Act 2009		 Payment of claims under the Deed of Guarantee in respect
 of the Australian Government Guarantee to
 Support Interim Funding to Car Dealerships
Financial Agreements (Commonwealth
Liability) Act 1932		 Payment of principal and interest on bonds issued
under the Financial Agreement Validation Act 1929,
consolidating State debts
Guarantee Scheme for Large Deposits
 and Wholesale Funding Appropriation
Act 2008		 Payment of claims under the Deed of Guarantee in
accordance with the Guarantee Scheme for Large
 Deposits and Wholesale Funding rules; repayment of
 a borrowing and interest on a borrowing
Guarantee of State and Territory Borrowing
Appropriation Act 2009		 Payment of claims under the Deed of Guarantee in
 accordance with the Guarantee of State and Territory Borrowing;
Repayment of a borrowing and interest
 on a borrowing
Housing Loans Insurance Corporation
(Transfer of Assets and Abolition) Act 1996		 Payments for amounts arising from claims made before the
transfer period leading to the abolition of the HLIC
Mint Employees Act 1964 Top up superannuation entitlements
Payment of Tax Receipts (Victoria) Act 1996 Payment to Victoria of certain taxes collected by the
Australian Government on Victoria's behalf
States Grants Act 1927 Distribution of surplus revenue to the States

 

The disclosure below is for note purposes only and is not recognised in the financial statements.

Commonwealth Places (Mirror Taxes) Act 1998

The Treasury is responsible for administering the above Act for the purpose of paying compensation to the States in respect of constitutionally invalid States taxes levied on Commonwealth places. Under the Act, the Australian Government is liable to pay to a State amounts equal to amounts received by the Australian G
overnment (including amounts received by a State on behalf of the Australian Government) under an applied law of the State. During the current reporting period and previous reporting period the States collected and provided the following estimates of taxes pursuant to the Act:

  2010
 $ 		 2009
 $ 
Total mirror tax collection 409,098,727 404,026,217
Note 26G: Special accounts (continued)
Actuarial services special account (departmental)    
Legal authority: Financial Management and Accountability Act 1997; s20.
Purpose: providing actuarial services and advice.
Note: Actuarial services special account was established on 1 October 2006.		    
2010  
$'000 		 2009
 $'000 
This account is non-interest bearing
Balance carried from Australian Government Actuary Account 1,857 1,858
GST credit (FMA s30A)        6      29
Other receipts from rendering of services 1,927 1,518
Available for payments 3,790 3,405
Payments made to employees (1,195) (1,136)
Payments made to suppliers (390) (412)
Balance carried to next period   2,205   1,857
Represented by:
Cash held by the Australian Government Actuary    264    586
Add: Receivables - Monies held in the OPA 1,959 1,270
Add: Receivables - goods and services - GST receivable from customers      17      45
Less: Other payables - net GST payable to the ATO    (35)    (44)
Total balance carried to the next period   2,205   1,857

 

Note 26G: Special accounts (continued)
COAG Reform Fund Special Account    
Legal authority: COAG Reform Fund Act 2008.
Appropriations: Financial Management and Accountability Act 1997; s21.
Purpose: For the making of grants and financial assistance to the States and Territories.		    
   
   
2010
 $'000 		 2009
 $'000 
Balance carried from previous period   -   -
Adjustment to prior year   -   -
Adjusted balance carried forward from previous period   -   -
Appropriation for reporting period   22,382,372 5,928,084
Receipts from other agencies 3,639,927 2,060,272
GST credits (FMA s30A) 302,150   -
Payments made to suppliers   (26,324,449)   (7,988,356)
Repayments debited from the Special Account   -   -
Repayments debited from the Special Account (FMA Act section 39)   -   -
Balance carried to next period (excluding investment balances) and   -   -
Represented by:
Securities held by Treasury   -   -
Total balance carried to the next period   -   -

 

Note 26G: Special accounts (continued)
Services for other Governments and non agency bodies account (Departmental)

The Treasury has a ‘Services for other Governments and nonagency bodies’ special account established under section 20 of the Financial Management and Accountability Act 1997 (FMA Act). The purpose of this special account is for the expenditure in connection with services performed on behalf of other Governments and bodies that are not agencies under the FMA Act. For the years ended 30 June 2009 and 30 June 2010 this special account had nil balances and no transactions were credited or debited to the account.

Other trust moneys account (Departmental — Special Public Money)

The Treasury has an ‘other trust monies’ special account established under section 20 of the FMA Act. The purpose of this special account is for expenditure of monies temporarily held on trust or otherwise for the benefit of a person other than the Australian Government. Any money held is thus special public money under section 16 of the FMA Act. For the years ended 30 June 2009 and 30 June 2010 this special account had nil balances and no transactions were credited or debited to the account.

Other trust moneys account (Administered — Special Public Money)

The Treasury has an ‘other trust monies’ special account established under section 20 of the FMA Act. The purpose of this special account is for expenditure of monies temporarily held on trust or otherwise for the benefit of a person other than the Australian Government. Any money held is thus special public money under section 16 of the FMA Act.

For the year ended 30 June 2010 the money in this special account rounded to zero in relation to HIH recoveries received from the HIH Claims Manager, which were recovered from third parties in relation to claims made by persons insured by HIH. These recoveries comprise a portion which is due to third parties and part to the Australian Government. Receipts and subsequent payments relating to third parties are treated as special public monies.

    2010  
Actual 
 $'000 		 2009
 Actual 
 $'000 
 
 
Balance carried forward from previous year     -   -
Receipts during the year     - 23
Available for payments     - 23
Payments made     -    (23)
Balance carried forward to next year held by the entity     -   -
Represented by:      
Cash held by Treasury     -   -
Balance carried forward to next year held by the entity     -   -

 

Note 26H: Special accounts investment of public money

For the periods 2008-09 and 2009-10, the Treasury has not used section 39 of the FMA Act or section 18 and 19 of the Commonwealth Authorities and Companies Act in respect of all special accounts.

Note 27: Compensation and debt relief

For the periods of 2008-09 and 2009-10, the Treasury made no administered or departmental debt waivers, act of grace, exgratia or section 73 of the Public Service Act 1999 payments.

Note 28: Reporting of outcomes

In 2009-10 the Treasury moved from four outcomes and 12 outputs to a single outcome and 10 programs under new program reporting arrangements. Shared services are now allocated to one program (Program 1.1). The basis of allocation of shared services is consistent with the basis used for the Budget.

Note 28: Reporting of outcomes (continued)
Note 28A: Net cost of outcome delivery
        Outcome 1
2010
 $'000 		 2009
 $'000 
Expenses
Administered expenses 88,000,446 54,061,135
Departmental expenses 174,382 162,196
Total expenses 88,174,828 54,223,331
Costs recovered from provision
of goods and services to the
non-government sector
Administered   -   -
Departmental 996 970
Total costs recovered 996 970
Other external revenues
Administered
Interest 2,236 3,817
Dividends 5,976,709 1,402,968
GST administration fees 564,222 630,480
Australian Government Guarantee Fee 1,366,765 476,415
COAG receipts from government agencies
government agencies
3,639,933 2,060,272
HIH Group liquidation proceeds 53,776 22,860
Net foreign exchange gains 790,861   -
Other gains 14,148   -
Other revenue 123,308 114,356
Total administered 12,531,958 4,711,168
Departmental
Net gains 546 534
Other 742 290
Related goods and services revenue 11,611 7,853
Total departmental 12,899 8,677
Total other external revenues  12,544,857 4,719,845
Net cost/(contribution)
 of outcome
75,628,975 49,502,516

The presentation of the 2009 comparative does not match what was published in the Treasury’s 2008-09 Annual
Report due to Treasury moving from four outcomes to one outcome.

Note 28B: Major classes of Departmental expenses, income, assets and liabilities by Outcome
Outcome 1
2010
$'000		 2009
$'000
Departmental expenses
Employee benefits 118,613 107,575
Suppliers and grants 51,301 50,294
Depreciation and amortisation 4,368 4,191
Write down of assets 28 33
Finance costs 35 94
Net losses from sale of assets 37 9
Total Departmental expenses 174,382 162,196
Funded by:
Revenues from Government 165,939 148,680
Sale of goods and services 12,607 8,823
Other non-taxation revenues 742 290
Other gains 546 534
Total Departmental revenues 179,834 158,327
Departmental assets
Cash and cash equivalents 1,196 1,367
Trade and other receivables 77,254 76,793
Land and buildings 8,714 10,314
Plant and equipment 7,620 7,985
Intangibles 36,711 19,650
Assets held for sale - 24
Other non-financial assets 1,799 1,042
Total Departmental assets 133,294 117,175
Departmental liabilities
Suppliers 1,662 3,853
Other payables 12,098 6,621
Leases 40 233
Employees provisions 39,110 36,057
Total Departmental liabilities 52,910 46,764

Note 28C: Major classes of Departmental expenses, income, assets and liabilities by Outcome
        Outcome 1
    2010
 $'000 		 2009
 $'000 
Administered revenues    
Interest    2,236    3,817
Dividends 5,976,709 1,402,968
Goods and services     564,222     630,480
Australian Government Guarantee Fee 1,366,765     476,415
COAG receipts from government agencies 3,639,933 2,060,272
HIH Group liquidation proceeds 53,776 22,860
Other     123,308     114,356
Net foreign exchange gains     790,861    -
Other gains
14,148    -
Total Administered revenues 12,531,958 4,711,168
Administered expenses
Grants 87,974,215 53,643,549
Other 26,231 14,033
Net foreign exchange losses    -     403,553
Total Administered expenses 88,000,446 54,061,135
Administered assets
Cash and cash equivalents    4,063    8,230
Receivables 5,326,422 2,744,885
Investments 17,963,607 25,891,790
Other  non-financial assets     545,346    -
Total Administered assets 23,839,438 28,644,905
Administered liabilities
Loans 4,882,893 3,889,425
Grants     395,306     558,917
Other payables 8,793,755 4,556,454
Other provisions 30,540 38,306
Total Administered liabilities 14,102,494 9,043,102