Section 1: Agency overview and resources
1.1 Strategic direction statement
The mission of the Department of the Treasury (the Treasury) is to improve the wellbeing of the Australian people by providing sound and timely advice to the Government, based on objective and thorough analysis of options, and by assisting Treasury ministers in the administration of their responsibilities and the administration of government decisions.
The Treasury provides macroeconomic policy advice based on careful monitoring and analysis of economic conditions and prospects both in Australia and overseas, including assessment of key risks to the outlook as discussed in detail in Budget Paper No. 1, Budget Strategy and Outlook 2014‑15.
Australia's 2014 G20 Presidency allows the Treasury to help shape the international economic agenda. The G20 accounts for 85 per cent of global GDP, and includes all of Australia's major trading and investment partners. The Treasury has expanded bilateral engagement and multilateral outreach in order to advocate Australia's G20 agenda. Under Australia's Presidency, the G20 is focusing on: promoting ambitious growth strategies for G20 members; developing strategies to promote long‑term investment (including infrastructure); collectively addressing the integrity of national tax systems through initiatives around base erosion and profit shifting; working towards substantially completing the core financial regulatory reforms identified from the global financial crisis; and progressing International Monetary Fund governance reform.
The Treasury supports ongoing reform of international financial institutions (IFIs) and engagement between the IFIs, the Government and the G20 on issues of mutual interest, such as investment and infrastructure. The Treasury continues to deepen its bilateral cooperation with key strategic partners in the Asia‑Pacific‑Indian Ocean region.
The Treasury is implementing the Government's deregulation agenda by focusing on eliminating inefficient or unnecessary regulation that imposes unwarranted burdens on business, individuals and the community. The Treasury has established a Deregulation Division with the role of driving deregulation activity and managing the Treasury portfolio's contribution towards the Government's red tape reduction target.
The Treasury will continue to support the Government's fiscal strategy through advice on effective government spending, taxation and retirement income arrangements, as well as debt management policy.
The Treasury will continue to advise the Government on infrastructure, industry, regional, agriculture, environment, defence and national security issues, and social policy including income support, disability support, education, health, aged care, skills, employment, labour market, social services, Indigenous and immigration matters. The Treasury will also advise on federal financial relations arrangements, including working with state and territory governments.
As a result of the Administrative Arrangements Orders of 18 September 2013, the Treasury has taken the lead in advising Government on whole‑of‑government policy settings to support the efficient operation of the Australian small business sector.
In 2014‑15, the Treasury will assist the Government to implement its tax agenda. This will involve consulting with stakeholders, analysing the regulatory impact as well as the economic and social effects of taxation policy proposals, and providing revenue forecasts and costings of taxation policies. The Treasury will also instruct parliamentary counsel on the design of taxation laws and support the passage of legislation through Parliament.
The Treasury will support the Government in its preparation of a tax White Paper. The Treasury will also continue to support the work on improvements to the international tax framework as part of the G20.
Continued support for Australia's productivity and international competitiveness, including through sound deregulatory and competition reforms will remain a priority. This includes maintaining the Australian Consumer Law; maintaining Australia's corporation and competition law frameworks; promoting efficient use of national infrastructure in transport, communication and energy markets; and implementing the National Broadband Network.
Advice will be provided on the financial system to ensure it remains robust, competitive and dynamic while contributing to macroeconomic stability and market confidence. The Treasury will continue to monitor international developments and prudential frameworks applying to banks, insurers and superannuation funds. Advice will also be provided on appropriate regulatory frameworks for securities markets, financial advice, disclosure requirements, corporate governance and funds management arrangements. In particular, the Treasury will support the Government to identify and implement appropriate recommendations from the Financial System Inquiry expected to report in November 2014.
The Treasury will work with the Government and the Foreign Investment Review Board to maintain the right balance between protecting Australia's national interest and ensuring that Australia remains an attractive destination for foreign capital.
Over the period ahead, the Treasury will draw on expertise across the organisation to help the Government meet Australia's long‑term policy challenges.
The Treasury will also continue with its ongoing programme of organisational reform through its response to the Australian Public Service Commission Capability Review, as well as ongoing work with respect to both the Strategic Review and Progressing Women.
1.2 Agency resource statement
Table 1.1 shows the total resources for the Treasury.
Estimate of prior year amounts available in 2014‑15 $'000 |
+ | Proposed at Budget 2014‑15 $'000 |
= | Total estimate 2014‑15 $'000 |
Actual available appropriation 2013‑14 $'000 |
||
---|---|---|---|---|---|---|---|
Ordinary annual services | |||||||
Departmental | |||||||
Prior year departmental appropriation | 60,384 | 5 | - | 60,384 | - | ||
Departmental appropriation3 | - | 177,780 | 1 | 177,780 | 176,769 | ||
Receipts from other sources (s31) | - | 8,488 | 4 | 8,488 | 8,266 | ||
Total departmental | 60,384 | 186,268 | 246,652 | 185,035 | |||
Administered expenses | |||||||
Outcome 1 | - | 38,804 | 1 | 38,804 | 8,805,808 | ||
Payment to CAC bodies | - | - | - | 8,000 | |||
Total administered expenses | - | 38,804 | 38,804 | 8,813,808 | |||
Total ordinary annual services | A | 60,384 | 225,072 | 285,456 | 8,998,843 | ||
Other services | |||||||
Departmental non-operating | |||||||
Equity injections | - | 2,613 | 2 | 2,613 | 1,775 | ||
Total | - | 2,613 | 2,613 | 1,775 | |||
Administered non-operating | |||||||
Administered assets and liabilities | |||||||
Outcome 1 | - | - | - | 47,518 | |||
Total | - | - | - | 47,518 | |||
Total other services | B | - | 2,613 | 2,613 | 49,293 | ||
Total available annual appropriations (A+B) | 60,384 | 227,685 | 288,069 | 9,048,136 | |||
Special appropriations | |||||||
Asian Development Bank (Additional Subscription) Act 2009 | - | 17,499 | 17,499 | 16,510 | |||
Federal Financial Relations Act 2009 | - | 72,271,989 | 72,271,989 | 70,344,924 | |||
International Monetary Agreements Act 1947 | - | 1,950,856 | 1,950,856 | 270,338 | |||
Total special appropriations | C | - | 74,240,344 | 74,240,344 | 70,631,772 | ||
Total appropriations excluding special accounts (A+B+C) | 60,384 | 74,468,029 | 74,528,413 | 79,679,908 | |||
Special accounts | |||||||
Opening balance6 | 871,219 | - | 871,219 | - | |||
Appropriation receipts to special accounts | - | - | - | 2,000,000 | |||
Non-appropriation receipts to special accounts | - | 14,290,084 | 14,290,084 | 16,013,713 | |||
Total special account | D | 871,219 | 14,290,084 | 15,161,303 | 18,013,713 | ||
Total resourcing (A+B+C+D) | 931,603 | 88,758,113 | 89,689,716 | 97,693,621 | |||
Less appropriation drawn from annual or special appropriations and/or CAC Act bodies through annual appropriations credited to special accounts | - | - | - | 2,008,000 | |||
Total net resourcing for the Treasury | 931,603 | 88,758,113 | 89,689,716 | 95,685,621 |
1. Appropriation Bill (No. 1) 2014‑15.
2. Appropriation Bill (No. 2) 2014‑15.
3. Includes $5.4 million in 2014‑15 for the departmental capital budget (refer to Table 3.2.5).
4. Receipts received under section 31 (s31) of the Financial Management and Accountability Act 1997.
5. Estimated adjusted balance carried forward from previous year.
6. Estimated opening balance for special accounts (refer to Table 3.1.2).
1.3 Budget measures
Budget measures relating to the Treasury are detailed in Budget Paper No. 2, Budget Measures 2014‑15 and are summarised below.
Programme | 2013‑14 $'000 |
2014‑15 $'000 |
2015‑16 $'000 |
2016‑17 $'000 |
2017‑18 $'000 |
|
---|---|---|---|---|---|---|
Expense measures | ||||||
Addressing insurance costs in North Queensland - establishment of an insur ance comparison website |
1.1 | - | nfp | nfp | nfp | nfp |
Australian Reinsurance Pool Corporation - assess future options | 1.1 | - | 1,204 | - | - | - |
Efficiency Dividend - a further temporary increase of 0.25 per cent | 1.1 | - | (443) | (765) | (1,115) | (1,125) |
Brisbane Cross River Rail and Melbourne Metro Projects Advisory Board - cessation | 1.1 | - | (1,600) | - | - | - |
Official Development Assistance - reprioritised funding | 1.1 | (163) | (183) | (260) | (260) | (260) |
Small Business and Family Enterprise Ombudsman | 1.1 | - | 2,000 | 2,000 | 2,000 | 2,000 |
Migration Programme - allocation of places for 2014‑15 | 1.4 | (1,763) | (5,998) | (11,306) | (16,967) | (22,818) |
Reintroduction of fuel excise indexation | 1.4 | - | 10,000 | 20,000 | 40,000 | 60,000 |
Commonwealth Public Hospitals - change to funding arrangements | 1.5 | - | (217,254) | (260,468) | (133,375) | (1,162,768) |
Addressing insurance costs in North Queensland | 1.10 | (37,165) | (32,447) | 6,250 | 3,125 | - |
Adelaide Festival Centre - support for Asian cultural activities - cessation | 1.10 | (460) | (460) | (460) | (460) | - |
Australian Government Commonwealth Games Funding Commitment | 1.10 | 156,000 | - | - | - | - |
Certain Concessions for Pensioners and Seniors Card Holders | 1.10 | - | (303,571) | (314,422) | (326,560) | (337,574) |
Child Care: Neighbourhood Model Occasional Care - reinstatement | 1.10 | - | 3,075 | 3,124 | 3,174 | 3,228 |
Disaster relief - New South Wales and Victorian bushfires | 1.10 | 1,000 | - | - | - | - |
Exotic Disease Preparedness Programme - cessation | 1.10 | - | (430) | (438) | (438) | (447) |
Full implementation of National Bowel Cancer Screening | 1.10 | - | - | 235 | 4,747 | 6,352 |
Improving local access to health care on Phillip Island | 1.10 | - | 2,500 | - | - | - |
Indigenous teenage sexual and reproductive health and young parent support - continuation | 1.10 | - | 25,500 | - | - | - |
Industry Skills Fund - establishment | 1.10 | 7,909 | (26,668) | - | - | - |
Infrastructure Growth Package | ||||||
- addition to the Infrastructure Investment Programme for new investments | 1.10 | 1,000,000 | 201,700 | 660,300 | 969,200 | 519,300 |
- Asset Recycling initiative - establishment | 1.10 | - | 335,000 | 1,278,000 | 1,285,000 | 1,007,000 |
- Western Sydney Infrastructure Plan - Road Funding | 1.10 | - | 103,000 | 210,200 | 351,600 | 530,900 |
International Tourism - Demand Driver Infrastructure | 1.10 | - | 11,029 | 10,675 | 10,675 | 10,675 |
National Bushfire Mitigation Programme | 1.10 | - | 5,000 | 5,000 | 5,000 | - |
National Partnership Agreement for adult public dental services - deferral | 1.10 | - | (200,000) | (95,000) | (95,000) | - |
National Partnership Agreement on Homelessness - extension | 1.10 | - | 115,000 | - | - | - |
National Partnership Agreement on Improving Public Hospital Services - cessation | 1.10 | - | - | (99,489) | (99,489) | (2,039) |
National Partnership Agreement on Preventive Health - cessation | 1.10 | - | (53,512) | (53,512) | (130,412) | (130,512) |
National Rental Affordability Scheme - discontinue incentive allocations | 1.10 | - | - | - | - | - |
Northern Territory Medical Programme - continuation | 1.10 | - | (2,286) | (2,323) | (2,365) | (2,409) |
Pharmaceutical Benefits Scheme - price amendments | 1.10 | 140 | 579 | 591 | 623 | 630 |
Port Arthur Penitentiary restoration - contribution | 1.10 | - | 1,500 | - | - | - |
Schools Security Programme | 1.10 | - | - | - | - | - |
Smaller Government - Department of Infrastructure and Regional Development - savings | 1.10 | (61,551) | (24,540) | (51,860) | (2,500) | - |
Support to Drought Affected Farmers | 1.10 | 5,000 | 17,000 | - | - | - |
Whale and Dolphin Protection Plan - establishment | 1.10 | - | 276 | 84 | 224 | - |
Related capital | ||||||
Addressing insurance costs in North Queensland - establishment of an insurance comparison website | 1.1 | - | nfp | nfp | nfp | nfp |
Efficiency Dividend - a further temporary increase of 0.25 per cent | 1.1 | - | (14) | (27) | (41) | (42) |
Revenue measures | ||||||
Australian Reinsurance Pool Corporation - assess future options | 1.1 | - | 37,500 | 37,500 | 37,500 | 112,500 |
Prepared on a Government Finance Statistics (fiscal) basis.
Section 2: Outcomes and planned performance
2.1 Outcomes and performance information
Outcomes are the intended results, impacts or consequences of actions by the Government on the Australian community. Commonwealth programmes are the primary vehicle by which government agencies achieve the intended results of their outcome statements. Agencies are required to identify the programmes which contribute to Government outcomes over the budget and forward years.
The Treasury's outcome is described below, specifying the strategy, programme objectives, programme deliverables and key performance indicators used to assess and monitor the performance of the Treasury.
Outcome 1: Informed decisions on the development and implementation of policies to improve the wellbeing of the Australian people, including by achieving strong, sustainable economic growth, through the provision of advice to government and the efficient administration of federal financial relations
Outcome 1 strategy
The Treasury contributes to this outcome by providing a range of policy advice to Treasury ministers. More specifically the Treasury provides advice on:
- macroeconomic policy, based on careful monitoring and analysis of economic conditions in Australia and overseas;
- fiscal strategy, budget priorities and measures, and debt and balance sheet management, as well as a budget coordination role;
- Commonwealth‑State financial policy, industry, environment, defence and, social and income support policy;
- policies that promote well regulated, competitive and efficient infrastructure;
- taxation and retirement income arrangements consistent with the Government's reform priorities;
- policies that promote competitive, efficient markets and that work to enhance consumer wellbeing, a secure financial system and sound corporate practices, and foreign investment consistent with Australia's national interest;
- policy settings to support the efficient operation of the Australian small business sector;
- policies that help to improve Australia's productivity by reducing the regulatory burden imposed on businesses, individuals and the community;
- a range of international economic policy issues, including strengthening multilateral regimes underpinning open trade and capital flows, supporting developing countries' development aspirations, and shaping the evolution of the international and regional economic architecture; and
- the administration of a range of payments which are reported in Programmes 1.2 to 1.10.
Outcome 1 Budgeted expenses
Table 2.1 provides an overview of the total expenses for Outcome 1.
Outcome 1: Informed decisions on the development and implementation of policies to improve the wellbeing of the Australian people, including by achieving strong, sustainable economic growth, through the provision of advice to government and the efficient administration of federal financial relations | 2013‑14 Estimated actual expenses $'000 |
2014 ‑15 Estimated expenses $'000 |
---|---|---|
Programme 1.1: Department of the Treasury | ||
Departmental expenses | ||
Departmental appropriations | 175,468 | 179,266 |
Special accounts | 1,269 | 1,629 |
Expenses not requiring appropriation | 8,786 | 9,797 |
Administered expenses | ||
Other services (Appropriation Bill No. 1) | 8,801,133 | 465 |
Expenses not requiring appropriation | 150,000 | - |
Total for Programme 1.1 | 9,136,656 | 191,157 |
Programme 1.2: Payments to International Financial Institutions | ||
Administered expenses | ||
Other services (Appropriation Bill No. 1) | - | 36,664 |
Special appropriations | 453,007 | 6,849 |
Total for Programme 1.2 | 453,007 | 43,513 |
Programme 1.3: Support for Markets and Business | ||
Administered expenses | ||
Other services (Appropriation Bill No. 1) | 4,675 | 1,675 |
Payment to CAC bodies | 8,000 | - |
Total for Programme 1.3 | 12,675 | 1,675 |
Programme 1.4: General Revenue Assistance | ||
Administered expenses | ||
Special appropriations | 50,720,000 | 53,710,000 |
Special accounts | 1,335,790 | 1,151,386 |
Total for Programme 1.4 | 52,055,790 | 54,861,386 |
Programme 1.5: Assistance to the States for Healthcare Services | ||
Administered expenses | ||
Special appropriations | 13,844,523 | 15,115,544 |
Total for Programme 1.5 | 13,844,523 | 15,115,544 |
Programme 1.6: Assistance to the States for GovernmentSchools | ||
Administered expenses | ||
Special appropriations | 2,080,342 | - |
Total for Programme 1.6 | 2,080,342 | - |
Programme 1.7: Assistance to the States for Skills and Workforce Development | ||
Administered expenses | ||
Special appropriations | 1,408,969 | 1,435,176 |
Total for Programme 1.7 | 1,408,969 | 1,435,176 |
Programme 1.8: Assistance to the States for Disabilities Services | ||
Administered expenses | ||
Special appropriations | 1,333,917 | 1,398,198 |
Total for Programme 1.8 | 1,333,917 | 1,398,198 |
Programme 1.9: Assistance to the States for Affordable Housing | ||
Administered expenses | ||
Special appropriations | 1,282,683 | 1,305,771 |
Total for Programme 1.9 | 1,282,683 | 1,305,771 |
Programme 1.10: National Partnership Payments to the States | ||
Administered expenses | ||
Special accounts | 12,673,649 | 9,764,387 |
Total for Programme 1.10 | 12,673,649 | 9,764,387 |
Outcome 1 Totals by appropriation type | ||
Administered expenses | ||
Other services (Appropriation Bill No. 1) | 8,805,808 | 38,804 |
Special appropriations | 71,123,441 | 72,971,538 |
Special accounts | 14,009,439 | 10,915,773 |
Payment to CAC bodies | 8,000 | - |
Expenses not requiring appropriation | 150,000 | - |
Departmental expenses | ||
Departmental appropriations | 175,468 | 179,266 |
Special accounts | 1,269 | 1,629 |
Expenses not requiring appropriation | 8,786 | 9,797 |
Total expenses for Outcome 1 | 94,282,211 | 84,116,807 |
2013‑14 | 2014‑15 | |
Average staffing level (number)1 | 899 | 884 |
1. The 2014‑15 ASL figure reflects the full year impact of the small business policy function that was transferred to the Treasury following the 2013 election (48 ASL).
Contributions to Outcome 1
Programme 1.1: Department of the Treasury
Programme objective
The objectives of the Treasury are:
- promoting a sound macroeconomic environment by monitoring and assessing economic conditions and prospects both in Australia and overseas, and providing advice on macroeconomic policy including fiscal and monetary policy;
- promoting effective government spending arrangements that contribute to overall fiscal outcomes, influence strong sustainable economic growth and improve the wellbeing of Australians;
- developing effective taxation and retirement income arrangements consistent with the Government's reform priorities; and
- ensuring well‑functioning markets by providing advice on policies that promote competitive, efficient markets and that work to enhance consumer and investor wellbeing, a secure and competitive financial system and sound corporate practices, a reduced regulatory burden on businesses, individuals and the community, and foreign investment consistent with Australia's national interest and the development of an efficient small business sector.
Programme expenses
There are no significant changes to estimates across the forward years.
2013‑14 Revised budget $'000 |
2014‑15 Budget $'000 |
2015‑16 Forward year 1 $'000 |
2016‑17 Forward year 2 $'000 |
2017‑18 Forward year 3 $'000 |
|
---|---|---|---|---|---|
Departmental expenses | |||||
Departmental items | 156,622 | 163,995 | 156,930 | 153,501 | 154,854 |
Australia to host the Group of 20 in 2014 | 20,115 | 16,900 | 768 | - | - |
Expenses not requiring appropriation | 8,786 | 9,797 | 8,217 | 6,886 | 7,478 |
Total departmental expenses | 185,523 | 190,692 | 165,915 | 160,387 | 162,332 |
Administered expenses | |||||
Grant to the Reserve Bank of Australia | 8,800,000 | - | - | - | - |
Other | 1,133 | 465 | 486 | 601 | 1,078 |
Expenses not requiring appropriation | 150,000 | - | - | - | - |
Total administered expenses | 8,951,133 | 465 | 486 | 601 | 1,078 |
Total programme expenses | 9,136,656 | 191,157 | 166,401 | 160,988 | 163,410 |
Programme deliverables
The Treasury has five groups that contribute to the achievement of its outcome.
Macroeconomic Group
In 2014‑15, Macroeconomic Group will provide advice on:
- domestic and international developments affecting the Australian economy and forecasts of the direction of the Australian and international economies; and
- the setting of sound macroeconomic policies and assessments of government policies.
Macroeconomic Group will also host G20 Finance Ministers' and Central Bank Governors' meetings as part of Australia's 2014 host year. Macroeconomic Group will also maintain its close engagement with the G20, Financial Stability Board, regional financial forums and support reform of the international financial institutions.
Macroeconomic Group will continue its bilateral cooperation with a number of strategically important regional partners in the Asia‑Pacific‑Indian Ocean region.
Macroeconomic Group will also maintain an economic modelling capacity to provide support in the development of government policy, and to support other departments in the development and assessment of various policy initiatives.
Fiscal Group
In 2014‑15, Fiscal Group will provide advice on:
- fiscal strategy, with the aim of ensuring fiscal sustainability over the economic cycle;
- effective government spending arrangements which contribute to improving the wellbeing of Australians;
- strategies that address intergenerational challenges, including social, fiscal and environmental sustainability;
- a range of policy issues including disability support, education funding, health, ag
ed care, skills, employment and policies to support regional industry structural adjustment; and - Commonwealth‑State financial relations.
Fiscal Group will also coordinate the preparation of the Commonwealth Budget and other documents required under the Charter of Budget Honesty Act 1998 and support Commonwealth‑State relationships through the coordination and delivery of various Commonwealth‑State forums.
Revenue Group
In 2014‑15, Revenue Group will provide advice on:
- the regulatory effects and costs of taxation policy proposals;
- implementation of the Government's taxation and retirement income reform agenda including decisions in the Government's 2014‑15 Budget;
- supporting the Government's deliberations on the longer term reform direction for Australia's tax system, including through commencing preparation of a tax White Paper;
- Australia's participation in international forums, including the Organisation for Economic Co‑operation and Development, G20 and the Global Forum in relation to the base erosion and profit shifting project and international standards of tax information and transparency; and
- the impacts of the tax system and retirement income proposals, measures and expenditures, including on government finances, economic growth, and their distributional impact and overall efficiency and effectiveness.
Markets Group
In 2014‑15, Markets Group will provide advice on:
- implementation of the Government's election commitments in relation to the small business sector (including the establishment of the Small Business and Family Enterprise Ombudsman) and the Government's deregulation and competition reform agendas;
- Australia's financial system and services regulatory policy framework including: measures to promote competition and efficiency in the financial system; availability and access of financial services; prudential and other regulatory (governance, disclosure, conduct and licencing) frameworks applying to authorised deposit‑taking institutions, capital market operators, insurance and superannuation entities; managed investment schemes; financial service providers; the payments system; all aspects of regional integration for financial services, including the Asia Region Funds Passport; agency problems in corporations; and reforms arising from the Government's Financial System Inquiry;
- a range of policy issues that support the efficient allocation of capital and management of risk including advice on international developments, corporate governance, and financial market infrastructure and prudential frameworks applying to the banking sector, insurers, and superannuation and managed funds;
- the competition and consumer policy framework;
- foreign investment issues including assessing foreign investment proposals; and
- actuarial matters through the Australian Government Actuary which provides actuarial services to the Government, the Treasury and other agencies.
Markets Group will also provide secretariat support to the Financial System Inquiry and the Competition Policy Review.
Corporate Services and Strategy Group
In 2014‑15, Corporate Services and Strategy Group will:
- continue to deliver high quality and valued corporate advice and services to the department and to Treasury Ministers;
- assist is setting and delivering the corporate strategic direction; and
- continue to improve behavioural and organisational change through the Australian Public Service Commission Capability Review and Progressing Women agendas.
Programme key performance indicators
The Treasury has the following key performance indicators:
- advice meets the Government's needs in administering its responsibilities and making and implementing decisions. Advice is timely, of high quality, and is based on an objective and thorough understanding of issues and a whole‑of‑government perspective. The degree of client satisfaction with the quality and timeliness of the advice provided is assessed through formal and informal feedback mechanisms;
- timely, high‑quality, accurate and transparent Budget, Mid‑Year Economic and Fiscal Outlook and Final Budget Outcome documents that meet the expectations of the Government, the Parliament and the public. The budget preparation and coordination process is subject to an annual evaluation;
- published reports and other information stimulate and inform government and public debate through robust analysis, modelling and research. Publications are timely, high quality and widely available to the public; and
- legislation progressed by the Treasury is in accordance with the principles of good law design and is delivered according to government priorities.
Programme 1.2: Payments to International Financial Institutions
Programme objective
Payments are made to the International Monetary Fund (IMF), under the International Monetary Agreements Act 1947, to promote international monetary cooperation, stability of the international financial system and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries to help ease balance of payments adjustments.
Payments are also made to multilateral development banks to which Australia is a member, specifically the World Bank Group, the Asian Development Bank and the European Bank for Reconstruction and Development, as required, to facilitate the achievement of government objectives in international forums, including support for development objectives through the multilateral development banks, and multilateral debt relief.
Programme expenses
Only expense items are recorded in Table 2.3. Substantial payments are also made to the international financial institutions as administered capital. These payments are shown in Tables 1.1 and 3.2.10.
2013‑14 Revised budget $'000 |
2014‑15 Budget $'000 |
2015‑16 Forward year 1 $'000 |
2016‑17 Forward year 2 $'000 |
2017‑18 Forward year 3 $'000 |
|
---|---|---|---|---|---|
Administered expenses | |||||
Annual appropriations | |||||
Contribution to the Poverty Reduction and Growth Trust | - | 36,664 | - | - | - |
Special appropriations | |||||
International Monetary Agreements Act 1947 | 453,007 | 6,849 | 6,915 | 6,958 | 7,082 |
Total programme expenses | 453,007 | 43,513 | 6,915 | 6,958 | 7,082 |
Programme deliverables
Payments to international financial institutions, including the IMF, are made with due regard to minimising cost and risk for Australia.
Programme key performance indicators
Financial transactions with the international financial institutions, including the IMF, are timely and accurate.
Programme 1.3: Support for Markets and Business
Programme objective
To provide funding to support markets and business as outlined below.
- The Centre for International Finance and Regulation's focus is to put Australia at the forefront of regional and global examination of financial sector developments and the design of regulatory responses. The Centre comprises a consortium of Australian and international universities, research centres and financial organisations and is led by the University of New South Wales.
- Payments are made in respect of insurance claims arising from the residual Housing Loans Insurance Company Limited portfolio. The Housing Loans Insurance Company Limited pre‑transfer contract portfolio will be managed to ensure all liabilities arising from claims under this portfolio are met and any related debts are recovered.
- Payments of assistance are also made to eligible HIH insurance policy holders under the HIH Claims Support Scheme. Payments are not classified as expenses and therefore do not appear in Table 2.4. The HIH Claims Support Scheme is now focused on winding-up the claims portfolio.
Programme expenses
There are no significant changes to estimates across the forward years.
2013‑14 Revised budget $'000 |
2014‑15 Budget $'000 |
2015‑16 Forward year 1 $'000 |
2016‑17 Forward year 2 $'000 |
2017‑18 Forward year 3 $'000 |
|
---|---|---|---|---|---|
Administered expenses | |||||
Annual appropriations | |||||
Centre for International Finance and Regulation | 4,000 | 1,000 | - | - | - |
Housing Loan Insurance Company Limited - payments in respect of insurance claims |
675 | 675 | 675 | 675 | - |
Payment to CAC Act bodies - CEFC | 8,000 | - | - | - | - |
Total administered expenses | 12,675 | 1,675 | 675 | 675 | - |
Total programme expenses | 12,675 | 1,675 | 675 | 675 | - |
Programme deliverables
The Centre for International Finance and Regulation was established in 2011‑12, with the consortium led by the University of New South Wales selected through a competitive tender process.
Payments of claims arising from the Housing Loans Insurance Company Limited old book and assistance under the HIH Claims Support Scheme are made according to agreed schedules.
Programme key performance indicators
Payments for the Centre for International Finance and Regulation will be made according to the agreed funding schedule.
Payments of claims arising from the Housing Loans Insurance Company Limited old book and assistance under the HIH Claims Support Scheme are accurately determined and are made according to agreed schedules.
Programme 1.4: General revenue assistance
Programme objective
The Government will make general revenue assistance payments to the States and Territories.
Under the Intergovernmental Agreement on Federal Financial Relations, the States are entitled to receive payments from the Commonwealth equivalent to the revenue received from the GST. This funding is provided to the States without conditions, to spend according to their own budget priorities.
In addition, the Government will make payments of other general revenue assistance to the States, to spend without conditions, consisting of:
- payments to the Australian Capital Territory to assist in meeting the additional municipal costs which arise from Canberra's role as the National Capital and to compensate for the additional costs resulting from the national capital planning influences on the provision of water and sewerage services;
- payments to Western Australia to compensate for the loss of royalty revenue resulting from the removal in the 2008‑09 Budget of the exemption of condensate from crude oil excise;
- payments to Western Australia as a share of royalties collected by the Commonwealth under the Offshore Petroleum (Royalty) Act 2006 in respect of the North West Shelf oil and gas project off the coast of Western Australia;
- payments to the Northern Territory in lieu of royalties on uranium mining in the Ranger Project Area due to the Commonwealth's ownership of uranium in the Northern Territory; and
- payments to New South Wales and Victoria to compensate for Commonwealth taxes paid by Snowy Hydro Ltd in proportion to the States' shareholdings.
Elements of this programme are linked to the Industry portfolio. Also refer to Budget Paper No. 3, Federal Financial Relations 2014‑15.
Programme expenses
Explanation of changes to programme estimates across the forward years can be found in Budget Paper No. 3, Federal Financial Relations 2014‑15.
2013‑14 Revised budget $'000 |
2014‑15 Budget $'000 |
2015‑16 Forward year 1 $'000 |
2016‑17 Forward year 2 $'000 |
2017‑18 Forward year 3 $'000 |
|
---|---|---|---|---|---|
Special appropriations | |||||
GST Revenue Entitlements - Federal Financial Relations Act 2009 | 50,720,000 | 53,710,000 | 57,020,000 | 60,440,000 | 63,810,000 |
Special accounts | |||||
COAG Reform Fund | |||||
ACT Municipal Services | 37,311 | 37,983 | 38,629 | 39,324 | 40,032 |
Reduced Royalties | 72,814 | 54,871 | 56,915 | 61,488 | 56,156 |
Royalties | 1,149,656 | 983,532 | 974,533 | 981,777 | 928,202 |
Taxation Compensation in Respect of Snowy Hydro Limited |
76,009 | 75,000 | 75,000 | 75,000 | 75,000 |
Total programme expenses | 52,055,790 | 54,861,386 | 58,165,077 | 61,597,589 | 64,909,390 |
Programme deliverables
General revenue assistance payments to the States and Territories are made according to the payment arrangements specified in the Intergovernmental Agreement on Federal Financial Relations.
Programme key performance indicators
The Commonwealth Treasury will make general rev
enue assistance payments to the States and Territories that reflect the requirements, the amounts and timeframes specified in the Intergovernmental Agreement on Federal Financial Relations.
The Commonwealth Treasury will provide GST revenue data to the States and Territories on a monthly, quarterly and annual basis, and will maintain a schedule of estimates of annual net GST receipts, in accordance with the requirements of the Intergovernmental Agreement on Federal Financial Relations.
Programme 1.5: Assistance to the States for healthcare services
Programme objective
The Government provides financial support to the States and Territories to be spent in the delivery of healthcare services.
In 2013‑14, National Health Reform funding is set to the amount that would have been previously payable through the former National Healthcare SPP.
From July 2014 to June 2017, National Health Reform funding will be linked to the level of services delivered by public hospitals as provided under the National Health Reform Agreement. During this period, each State and Territory's entitlement will be directly linked to the activity level of services provided in a jurisdiction. The Australian Government has announced that from 2014‑15 the funding guarantees under the National Health Reform Agreement will cease.
National Health Reform funding is paid into a National Health Funding Pool. The Administrator of the National Health Funding Pool, jointly established by the Commonwealth and the States, is responsible for: calculating the Commonwealth funding amount for public hospitals and advising the Treasurer of this amount; and making payments from the National Health Funding Pool.
From 1 July 2017, the Commonwealth will index its public hospitals funding by the Consumer Price Index and population growth.
Programme expenses
Explanation of changes to programme estimates across the forward years can be found in Budget Paper No. 3, Federal Financial Relations 2014‑15.
2013‑14 Revised budget $'000 |
2014‑15 Budget $'000 |
2015‑16 Forward year 1 $'000 |
2016‑17 Forward year 2 $'000 |
2017‑18 Forward year 3 $'000 |
|
---|---|---|---|---|---|
Special appropriations | |||||
National Health Reform funding - Federal Financial Relations Act 2009 |
13,844,523 | 15,115,544 | 16,551,316 | 18,094,856 | - |
Public hospitals funding - Federal Financial Relations Act 2009 |
- | - | - | - | 18,872,141 |
Total programme expenses | 13,844,523 | 15,115,544 | 16,551,316 | 18,094,856 | 18,872,141 |
Programme deliverables
Payments to the States and Territories are made with regard to the payment arrangements specified in the Intergovernmental Agreement on Federal Financial Relations and the National Health Reform Agreement.
Programme key performance indicators
The Commonwealth Treasury will transfer to the National Health Funding Pool the amount of Commonwealth funding to which each State and Territory (including Local Hospital Networks in each jurisdiction) is entitled, and will make the payments on the dates specified in the Intergovernmental Agreement on Federal Financial Relations.
The Commonwealth Treasury will provide advice to the States and Territories on the components of each payment prior to each payment being made.
The States and Territories are required to spend National Health Reform funding in the healthcare sector. Each State and Territory Treasurer will provide a report to the Council on Federal Financial Relations demonstrating expenditure of National Health Reform funding within the sector is in accordance with the Intergovernmental Agreement on Federal Financial Relations and the National Health Reform Agreement.
Programme 1.6: Assistance to the States for schools
Programme objective
The Government provides financial support to the States and Territories to be spent in the delivery of government and non‑government school services.
From January 2014, the National Schools SPP was replaced by Students First funding, which is provided for under the Australian Education Act 2013 and is reported in the Education portfolio. The non‑government schools component of the National Schools SPP to December 2013 also appears in the Education portfolio.
Programme expenses
Explanation of changes to programme estimates across the forward years can be found in Budget Paper No. 3, Federal Financial Relations 2014‑15.
2013‑14 Revised budget $'000 |
2014‑15 Budget $'000 |
2015‑16 Forward year 1 $'000 |
2016‑17 Forward year 2 $'000 |
2017‑18 Forward year 3 $'000 |
|
---|---|---|---|---|---|
Special appropriations | |||||
National Schools SPP - Government schools | |||||
Federal Financial Relations Act 2009 | 2,080,342 | - | - | - | - |
Total programme expenses | 2,080,342 | - | - | - | - |
Programme deliverables
Payments to the States and Territories are made with regard to the payment arrangements specified in the Intergovernmental Agreement on Federal Financial Relations.
Programme key performance indicators
The Commonwealth Treasury will transfer to each State and Territory the amounts of their monthly and annual entitlements under the National Schools SPP (government and non‑government schools components) and will make the payments on the dates specified in the Intergovernmental Agreement on Federal Financial Relations.
The Commonwealth Treasury will provide advice to the States and Territories on the components of each payment prior to each payment being made.
The States and Territories are required to spend the National Schools SPP in the schools sector. Each State and Territory Treasurer will provide a report to the Council on Federal Financial Relations demonstrating expenditure of the National Schools SPP within the sector in accordance with the Intergovernmental Agreement on Federal Financial Relations.
Programme 1.7: Assistance to the States for skills and workforce development
Programme objective
The Government provides financial support to the States and Territories to be spent in the delivery of skills and workforce development services.
Programme expenses
Explanation of changes to programme estimates across the forward years can be found in Budget Paper No. 3, Federal Financial Relations 2014‑15.
2013‑14 Revised budget $'000 |
2014‑15 Budget $'000 |
2015‑16 Forward year 1 $'000 |
2016‑17 Forward year 2 $'000 |
2017‑18 Forward year 3 $'000 |
|
---|---|---|---|---|---|
Special appropriations | |||||
National Skills and Workforce Development SPP - | |||||
Federal Financial Relations Act 2009 | 1,408,969 | 1,435,176 | 1,460,005 | 1,487,161 | 1,514,599 |
Total programme expenses | 1,408,969 | 1,435,176 | 1,460,005 | 1,487,161 | 1,514,599 |
Programme deliverables
Payments to the States and Territories are made with regard to the payment arrangements specified in the Intergovernmental Agreement on Federal Financial Relations.
Programme key performance indicators
The Commonwealth Treasury will transfer to each State and Territory the amounts of their monthly and annual entitlements under the National Skills and Workforce Development SPP and will make the payments on the dates specified in the Intergovernmental Agreement on Federal Financial Relations.
The Commonwealth Treasury will provide advice to the States and Territories on the components of each payment prior to each payment being made.
The States and Territories are required to spend the National Skills and Workforce Development SPP in the skills and workforce sector. Each State and Territory Treasurer will provide a report to the Council on Federal Financial Relations demonstrating expenditure of the National Skills and Workforce Development SPP within the sector in accordance with the Intergovernmental Agreement on Federal Financial Relations.
Programme 1.8: Assistance to the States for disability services
Programme objective
The Government provides financial support to the States and Territories to be spent in the delivery of disability services.
Since 2011‑12, an adjustment has been made to the National Disability SPP to ensure that the changes to Commonwealth and State roles and responsibilities for aged care and disability services, as part of the National Health Reform arrangements, are budget neutral. Estimates of this are not published below as negotiations are still being finalised.
Programme expenses
Explanation of changes to programme estimates across the forward years can be found in Budget Paper No. 3, Federal Financial Relations 2014‑15.
2013‑14 Revised budget $'000 |
2014‑15 Budget $'000 |
2015‑16 Forward year 1 $'000 |
2016‑17 Forward year 2 $'000 |
2017‑18 Forward year 3 $'000 |
|
---|---|---|---|---|---|
Special appropriations | |||||
National Disability Services SPP - | |||||
Federal Financial Relations Act 2009 | 1,333,917 | 1,398,198 | 1,454,901 | 1,513,751 | 1,580,338 |
Changed roles and responsibilities - adjustment to achieve budget neutrality |
nfp | nfp | nfp | nfp | nfp |
Total programme expenses | 1,333,917 | 1,398,198 | 1,454,901 | 1,513,751 | 1,580,338 |
Programme deliverables
Payments to the States and Territories are made with regard to the payment arrangements specified in the Intergovernmental Agreement on Federal Financial Relations.
Programme key performance indicators
The Commonwealth Treasury will transfer to each State and Territory the amounts of their monthly and annual entitlements under the National Disability SPP and will make the payments on the dates specified in the Intergovernmental Agreement on Federal Financial Relations.
The Commonwealth Treasury will provide advice to the States and Territories on the components of each payment prior to each payment being made.
The States and Territories are required to spend the National Disability SPP in the disability services sector. Each State and Territory Treasurer will provide a report to the Council for Federal Financial Relations demonstrating expenditure of the National Disability SPP within the sector in accordance with the Intergovernmental Agreement on Federal Financial Relations
Programme 1.9: Assistance to the States for affordable housing
Programme objective
The Government provides financial support to the States and Territories to be spent in the delivery of affordable housing services.
Programme expenses
Explanation of changes to programme estimates across the forward years can be found in Budget Paper No. 3, Federal Financial Relations 2014‑15.
2013‑14 Revised budget $'000 |
2014‑15 Budget $'000 |
2015‑16 Forward year 1 $'000 |
2016‑17 Forward year 2 $'000 |
2017‑18 Forward year 3 $'000 |
|
---|---|---|---|---|---|
Special appropriations | |||||
National Affordable Housing SPP - | |||||
Federal Financial Relations Act 2009 | 1,282,683 | 1,305,771 | 1,327,969 | 1,351,873 | 1,376,206 |
Total programme expenses | 1,282,683 | 1,305,771 | 1,327,969 | 1,351,873 | 1,376,206 |
Programme deliverables
Payments to the States and Territories are made with regard to the payment arrangements specified in the Intergovernmental Agreement on Federal Financial Relations.
Programme key performance indicators
The Commonwealth Treasury will transfer to each State and Territory the amounts of their monthly and annual entitlements under the National Affordable Housing SPP and will make the payments on the dates specified in the Intergovernmental Agreement on Federal Financial Relations.
The Commonwealth Treasury will provide advice to the States and Territories on the components of each payment prior to each payment being made.
The States and Territories are required to spend the National Affordable Housing SPP in the affordable housing sector. Each State and Territory Treasurer will provide a report to the Council on Federal Financial Relations demonstrating expenditure of the National Affordable Housing SPP within the sector in accordance with the Intergovernmental Agreement on Federal Financial Relations.
Programme 1.10: National Partnership Payments to the States
Programme objective
The Government provides financial support for the States and Territories to be spent on improving outcomes in the areas specified in each of the National Partnership agreements. These payments support the delivery of specified outputs or projects, facilitate reforms or reward those jurisdictions that deliver on nationally significant reforms.
This programme is linked to the Agriculture portfolio; Attorney‑General's portfolio; Defence portfolio; Education portfolio; Environment portfolio; Finance portfolio; Foreign Affairs and Trade portfolio; Health portfolio; Industry portfolio; Infrastructure and Regional Development portfolio; Prime Minister and Cabinet portfolio; and Social Services portfolio. Also refer to Budget Paper No. 3, Federal Financial Relations 2014‑15.
Programme expenses
Explanation of changes to programme estimates across the forward years can be found in Budget Paper No. 3, Federal Financial Relations 2014‑15.
Agency PBS Programme |
2013‑14 Revised budget $'000 |
2014‑15 Budget $'000 |
2015‑16 Forward year 1 $'000 |
2016‑17 Forward year 2 $'000 |
2017‑18 Forward year 3 $'000 |
|
---|---|---|---|---|---|---|
Special accounts | ||||||
COAG Reform Fund | ||||||
Agriculture portfolio | ||||||
Assistance for water infrastructure and pest management in drought-affected areas |
1.2 | 5,000 | 17,000 | - | - | - |
Assistance to farm businesses for water-related infrastructure | 1.2 | 10,128 | - | - | - | - |
Pest and disease preparedness and response programmes |
||||||
- Animal and plant pest and disease eradication | 2.2 | 17,927 | 10,897 | 11,369 | 11,653 | 13,117 |
- Exotic disease preparedness | 2.2 | 423 | - | - | - | - |
Pilot of drought reform measures in Western Australia | 1.11 | 1,157 | - | - | - | - |
South Australian River Murray Sustainability Programme - irrigation industry assistance component |
1.2 | 9,000 | 17,000 | 28,000 | 39,500 | 16,500 |
Total | 43,635 | 44,897 | 39,369 | 51,153 | 29,617 | |
Attorney-General's portfolio | ||||||
Australian Capital Territory emergency services | 1.6 | 4,000 | - | - | - | - |
Bushfire mitigation | 1.6 | - | 5,000 | 5,000 | 5,000 | - |
Legal assistance services | 1.3 | 200,550 | 204,362 | 207,838 | 211,578 | 214,963 |
Natural Disaster Relief and Recovery Arrangements | 1.6 | 182,943 | 97,845 | 18,024 | - | - |
Natural disaster resilience | 1.6 | 17,618 | 39,150 | 26,100 | 26,100 | nfp |
Total | 405,111 | 346,357 | 256,962 | 242,678 | 214,963 | |
Defence portfolio | ||||||
School Pathways Programme | 1.3 | 1,287 | 1,287 | - | - | - |
Total | 1,287 | 1,287 | - | - | - | |
Education portfolio | ||||||
Assistance to Tasmania to implement national policy reforms |
2.1 | 30,000 | - | - | - | - |
Improving literacy and numeracy - Government Schools |
2.1 | 62,645 | - | - | - | - |
Improving literacy and numeracy - Non-Government Schools |
2.2 | 18,129 | - | - | - | - |
Independent Public Schools | 2.1 | 10,000 | 20,000 | 20,000 | 20,000 | - |
More support for students with disabilities - Government Schools |
2.6 | 61,620 | 46,357 | - | - | - |
National Occasional Care Programme | 1.4 | - | 3,075 | 3,124 | 3,174 | 3,228 |
National quality agenda for early childhood education and care |
1.4 | 19,080 | 19,080 | nfp | nfp | nfp |
Smarter schools | ||||||
- Improving teacher quality | 2.1 | 173,814 | - | - | - | - |
- Low socio-economic status school communities | 2.8 | 140,888 | - | - | - | - |
TAFE fee waivers for childcare qualifications | 1.4 | 21,213 | 11,496 | - | - | - |
Trade training ce ntres in schools - government schools |
2.4 | 69,115 | 69,131 | 52,218 | - | - |
Universal access to early childhood education | 1.4 | 407,000 | 234,900 | nfp | - | - |
Youth attainment and transitions | ||||||
- Maximising engagement, attainment and successful transitions |
2.7 | 18,751 | - | - | - | - |
- Year 12 attainment and transitions | 2.7 | 28,231 | - | - | - | - |
Total | 1,060,486 | 404,039 | 75,342 | 23,174 | 3,228 | |
Environment portfolio | ||||||
Coal seam gas and large coal mining development | 4.1 | 19,700 | - | - | - | - |
Great Artesian Basin Sustainability Initiative | 4.1 | 15,832 | - | - | - | - |
Implementation of the Tasmanian Forests Intergovernmental Agreement |
1.1 | 12,479 | 13,020 | 12,769 | 10,002 | 10,253 |
Implementing water reform in the Murray-Darling Basin |
4.1 | 13,500 | 20,000 | 20,000 | 20,000 | 20,000 |
National Urban Water and Desalination Plan | 4.1 | 5,590 | 1,550 | - | - | - |
National Water Security Plan for Cities and Towns | 4.1 | 18,839 | 10,110 | 2,945 | - | - |
Port Arthur Penitentiary restoration | 1.4 | - | 1,500 | - | - | - |
South Australian River Murray Sustainability Programme - irrigation efficiency and water purchase components |
4.1 | 14,000 | 29,000 | 45,000 | 23,500 | 8,500 |
Sustainable Rural Water Use and Infrastructure Programme |
4.1 | 363,800 | 453,006 | 530,919 | 388,291 | 147,899 |
Whale and dolphin entanglements | 1.4 | - | 276 | 84 | 224 | - |
Total | 463,740 | 528,462 | 611,717 | 442,017 | 186,652 | |
Finance portfolio | ||||||
Provision of fire services | 18,352 | 18,995 | 19,660 | 20,347 | 21,059 | |
Total | 18,352 | 18,995 | 19,660 | 20,347 | 21,059 | |
Foreign Affairs and Trade portfolio | ||||||
Developing demand- driver infrastructure for tourism industry | 1.14 | - | 11,029 | 10,675 | 10,675 | 10,675 |
Total | - | 11,029 | 10,675 | 10,675 | 10,675 | |
Health portfolio | ||||||
2018 Gold Coast Commonwealth Games | 10.1 | 156,000 | - | - | - | - |
Adult public dental services | 3.6 | - | - | 200,000 | 295,000 | 390,000 |
Albury-Wodonga Cardiac Catheterisation Laboratory | 7.5 | - | 5,000 | - | - | - |
Bright Hospital - feasibility study | 7.5 | - | 100 | 50 | - | - |
Canberra Hospital - dedicated paediatric emergency care |
7.5 | - | 5,000 | - | - | - |
Cancer Support Clinic in Katherine | 7.5 | - | 500 | - | - | - |
Construction of Palmerston Hospital | 7.5 | - | 20,000 | 20,000 | - | - |
Essential vaccines | 1.3 | 249,520 | 235,773 | 234,429 | 241,450 | 238,668 |
Expansion of the BreastScreen Australia programme | 1.1 | 5,463 | 11,862 | 13,467 | 15,641 | - |
Financial assistance for long stay older patients | 4.1 | 78,231 | - | - | - | - |
Health and Hospitals Fund | ||||||
- Hospital infrastructure and other projects of national significance |
7.5 | 98,180 | 66,400 | 600 | - | - |
- National cancer system | 7.5 | 125,259 | 117,515 | 55,391 | - | 4,600 |
- Regional priority round | 7.5 | 235,483 | 494,149 | 251,660 | 52,410 | 4,769 |
Health care grants for the Torres Strait | 4.1 | 4,459 | 4,519 | 4,600 | 4,671 | - |
Health Services | ||||||
- National antimicrobial utilisation surveillance programme |
7.4 | 150 | - | - | - | - |
- Northern Territory medical school - funding contribution |
8.2 | 2,250 | - | - | - | - |
Hepatitis C settlement fund | 7.6 | 713 | 726 | 740 | - | - |
Improving ear health services for Indigenous Australian children |
5.3 | 677 | - | - | - | - |
Improving Health Services in Tasmania | ||||||
- Better access to community based palliative care services compo nent |
4.1 | 1,790 | 1,700 | 1,700 | - | - |
- Cradle Coast Connected Care clinical repository component | 7.1 | 250 | 250 | 250 | - | - |
- Improving Patient Pathways through clinical and system redesign component |
4.1 | 6,936 | 5,087 | 5,135 | - | - |
- Innovative flexible funding for mental health component |
5.4 | 1,050 | 1,025 | 1,025 | - | - |
- Reducing elective surgery waiting lists in Tasmania component |
4.1 | 8,345 | 7,119 | 6,228 | - | - |
Improving local access to health care on Phillip Island |
7.5 | - | 2,500 | - | - | - |
Improving Public Hospital Services | ||||||
- Flexible funding pool for emergency departments, elective surgery and subacute care |
4.1 | 1,073 | - | - | - | - |
- National elective surgery target | ||||||
- Capital funding | 4.1 | 1,244 | - | - | - | - |
- Facilitation and reward funding | 4.1 | 20,637 | nfp | - | - | - |
- National emergency access target | ||||||
- Capital funding | 4.1 | 1,941 | - | - | - | - |
- Facilitation and reward funding | 4.1 | 10,095 | nfp | - | - | - |
- New subacute beds guarantee funding | 4.1 | 632,500 | - | - | - | - |
Improving trachoma control services for Indigenous Australians |
5.3 | 4,392 | 4,079 | 4,161 | 4,244 | 4,329 |
Indigenous early childhood development - antenatal and reproductive health |
5.3 | 24,363 | 31,454 | - | - | - |
National Bowel Cancer Screening Programme - participant follow-up function |
1.1 | 1,832 | 1,866 | 2,420 | 4,747 | 6,352 |
National Coronial Information System | 1.2 | 424 | 440 | - | - | - |
National Perinatal Depression Initiative | 5.4 | 10,810 | 8,200 | 8,200 | 8,200 | - |
Oncology Day Treatment Centre at Frankston Hospital | 7.5 | - | 350 | 300 | - | - |
OzFoodNet | 9.1 | 1,664 | 1,693 | 1,723 | 1,756 | - |
Preventive health | ||||||
Healthy children and workers | 1.1 | 53,512 | - | - | - | - |
Public hospital system - additional funding | 4.1 | 170,501 | - | - | - | - |
Redevelopment of the Royal Victorian Eye and Ear Hospital |
7.5 | - | 50,000 | 50,000 | - | - |
Reducing acute rheumatic heart fever among Indigenous children |
5.3 | 2,938 | 3,036 | 3,074 | 2,724 | - |
Renal dialysis services in Central Australia | 5.3 | 1,700 | 1,700 | - | - | - |
Royal Darwin Hospital - equipped, prepared and ready |
9.1 | 15,007 | 15,307 | 15,476 | 15,771 | - |
Stronger Futures in the Northern Territory | ||||||
- Hearing health services component | 5.3 | 2,816 | 3,184 | 3,114 | 3,255 | 3,402 |
- Oral health services component | 5.3 | 2,564 | 2,604 | 2,535 | 2,650 | 2,769 |
Supporting National Mental Health Reform | 5.4 | 50,603 | 51,560 | 45,251 | - | - |
Torres Strait health protection strategy - mosquito control |
9.1 | 942 | 958 | 973 | 992 | - |
Torres Strait health protection strategy - Saibai Island health clinic |
5.3 | 500 | 500 | - | - | - |
Treating more public dental patients | 3.6 | 155,200 | 119,600 | - | - | - |
Upgrade of Ballina Hospital | 7.5 | - | 1,900 | 2,600 | - | - |
Upgrade of the Casino and District Memorial Hospital |
7.5 | - | 3,000 | - | - | - |
Vaccine-preventable diseases surveillance | 7.4 | 795 | 814 | 830 | 845 | - |
Victorian cytology service | 1.1 | 8,472 | 8,897 | 9,350 | 9,819 | - |
Warrnambool Integrated Cancer Care Centre | 7.5 | - | 10,000 | - | - | - |
Total | 2,151,281 | 1,300,367 | 945,282 | 664,175 | 654,889 | |
Industry portfolio | ||||||
Building Australia's Future Workforce | ||||||
- Skills reform | 1.4 | 238,351 | 377,212 | 377,439 | 516,328 | - |
- Training places for single and teenage parents | 1.4 | 26,668 | - | - | - | - |
Environmental management of the former Rum Jungle Mine site |
3.4 | 3,355 | 3,911 | 4,295 | - | - |
Industry and Indigenous Skills Centres | 1.4 | 879 | - | - | - | - |
Commonwealth/State and Territory joint group training programme |
1.4 | 10,511 | - | - | - | - |
National Sol ar Schools Programme |
3.5 | 17,951 | - | - | - | - |
Total | 297,715 | 381,123 | 381,734 | 516,328 | - | |
Infrastructure and Regional Development portfolio |
||||||
Building Australia Fund | ||||||
- Rail | 1.1 | 1,128,000 | 331,000 | 232,100 | - | - |
- Road | 1.1 | 70,990 | 48,100 | - | - | - |
Centenary of Canberra 2013 | ||||||
- A gift to the national capital | 4.1 | - | 10,000 | - | - | - |
- Joint national programme | 4.1 | 991 | - | - | - | - |
Community Infrastructure Grants - Glenbrook precinct upgrade |
3.1 | 820 | - | - | - | - |
Infrastructure Growth Package - Asset Recycling Fund |
||||||
- New investments | 1.1 | - | 201,700 | 660,300 | 969,200 | 519,300 |
- Western Sydney Infrastructure Plan | 1.1 | - | 103,000 | 210,200 | 351,600 | 530,900 |
Infrastructure Investment Programme | ||||||
- Black spot projects | 1.1 | 64,500 | 60,000 | 60,000 | 60,000 | 60,000 |
- Heavy vehicle safety and productivity | 1.1 | 40,000 | 48,000 | 40,000 | 40,000 | 40,000 |
- Improving the national network | 1.1 | 773 | - | - | - | - |
- Investment | ||||||
- Rail | 1.1 | 332,661 | 353,734 | 124,200 | 23,500 | 24,600 |
- Road | 1.1 | 4,279,583 | 3,005,930 | 3,973,430 | 5,311,550 | 2,779,950 |
- Off-network projects | ||||||
- Rail | 1.1 | 87,121 | 115,890 | 219,000 | 160,100 | 3,000 |
- Road | 1.1 | 104,780 | 442,400 | 354,329 | 395,383 | 222,600 |
Interstate road transport | 2.2 | 77,004 | 77,004 | 77,004 | 77,004 | 77,004 |
Latrobe Valley economic diversification | 3.1 | 1,400 | 1,300 | 650 | - | - |
Liveable communities | 1.1 | 5,020 | - | - | - | - |
Managed motorways | 1.1 | 20,800 | 9,420 | - | - | - |
Murray-Darling Basin regional economic diversification programme |
3.1 | 10,000 | 32,493 | 30,519 | 24,683 | - |
South Australian River Murray Sustainability Programme Regional economic development component |
3.1 | 7,000 | 9,000 | 7,000 | 2,000 | - |
Total | 6,231,443 | 4,848,971 | 5,988,732 | 7,415,020 | 4,257,354 | |
Prime Minister and Cabinet portfolio | ||||||
2014 G20 leaders' summit security | 1.1 | 83,500 | 65,000 | - | - | - |
Indigenous early childhood development - children and family centres |
2.2 | 78,024 | - | - | - | - |
Remote Indigenous Housing | 2.5 | 541,078 | 485,600 | 368,176 | 411,729 | 447,627 |
Remote Indigenous public internet access | 2.4 | 2,105 | 2,150 | 2,191 | 2,237 | 2,284 |
Seamless National Economy | 1.1 | 41,847 | - | - | - | - |
Stronger Futures in the Northern Territory | ||||||
- Alice Springs Transformation Plan | 2.3 | 4,653 | 4,179 | 1,800 | - | - |
- Building a quality school workforce | ||||||
- Additional teachers | 2.2 | 11,249 | 22,925 | 23,360 | 17,924 | 18,264 |
- Quality teaching | 2.2 | 6,275 | 12,550 | 12,550 | 12,550 | 12,550 |
- Teacher housing | 2.2 | 2,392 | 3,813 | 4,467 | 5,724 | 5,867 |
- Child, youth, family and community wellbeing | 2.3 | 13,644 | 11,326 | 11,629 | 11,930 | 3,118 |
- Community safety and justice | 2.3 | 40,346 | 35,017 | 35,788 | 34,797 | 35,569 |
- Expansion of the school enrolment and attendance measure |
2.2 | 2,338 | 2,304 | 2,191 | 2,255 | 2,128 |
- Housing | 2.3 | 51,194 | 55,873 | 52,292 | 46,196 | 47,421 |
- Mobile Outreach Service Plus | 2.5 | 4,386 | 4,474 | 4,563 | 4,770 | 4,985 |
- Municipal and essential services | 2.5 | 15,360 | 20,879 | 21,360 | 21,851 | 22,332 |
- Remote engagement and coordination | 2.4 | 4,214 | 4,181 | 3,715 | 3,513 | 3,533 |
- Tackling alcohol abuse | 2.3 | 3,773 | 3,970 | 3,973 | 3,973 | 4,081 |
Total | 906,378 | 734,241 | 548,055 | 579,449 | 609,759 | |
Social Services portfolio | ||||||
Assisting preparation towards the trial of the National Disability Insurance Scheme |
5.2 | 7,128 | 4,316 | 616 | - | - |
Certain concessions for pensioners and senior card holders |
||||||
- Certain concessions for pensioners | 1.7 | 279,685 | - | - | - | - |
- National reciprocal transport concessions | 1.5 | 12,500 | - | - | - | - |
Home and Community Care | 3.2 | 540,979 | 586,445 | nfp | nfp | nfp |
Homelessness | 4.1 | 154,913 | 115,000 | - | - | - |
Pay equity for the social and community services sector |
2.3 | 82,373 | 84,863 | 107,716 | 158,400 | 197,714 |
Component of perinatal depression initiative | 2.3 | 61 | - | - | - | - |
Payments from the DisabilityCare Australia Fund | 5.2 | - | - | 73,900 | 188,500 | 298,000 |
Transitioning responsibilities for aged care and disability services - Specialist disability services |
3.3 | nfp | nfp | nfp | nfp | nfp |
Trial of My Way sites | 5.2 | - | 11,842 | 43,172 | - | - |
Total | 1,077,639 | 802,466 | 229,512 | 346,900 | 495,714 | |
Treasury portfolio | ||||||
Addressing insurance costs in North Queensland | 1.1 | - | 3,125 | 6,250 | 3,125 | - |
First Home Owners Boost | 1.1 | 357 | - | - | - | - |
Implementation of the National Insurance Affordability Initiative |
1.1 | 7,000 | 3,000 | 7,000 | - | - |
Infrastructure Growth Package - Asset Recycling Fund - Asset Recycling Initiative |
1.1 | - | 335,000 | 1,278,000 | 1,285,000 | 1,007,000 |
MoneySmart Teaching | 1.1 | 1,088 | 1,028 | 1,125 | 1,310 | - |
Total | 8,445 | 342,153 | 1,292,375 | 1,289,435 | 1,007,000 | |
Veterans' Affairs portfolio | ||||||
Home and Community Care - services for veterans |
2.4 | 8,137 | - | - | - | - |
Total | 8,137 | - | - | - | - | |
Total programme expenses | 12,673,649 | 9,764,387 | 10,399,415 | 11,601,351 | 7,490,910 |
Note: These items can also be found in Budget Paper No. 3, Australia's Federal Relations 2014‑15.
Programme deliverables
Payments to the States and Territories will be made on the basis set out in each of the National Partnership agreements and any related agreements.
Programme key performance indicators
The Commonwealth Treasury will make payments to the States and Territories that reflect the requirements, the amounts and timeframes set out in each of the National Partnership agreements and any related agreements. These payments will only be made upon the Commonwealth Treasury's receipt of authorisations from the relevant agency in respect of performance benchmarks or payment schedules set out in each of the National Partnership agreements.
The Commonwealth Treasury will provide advice to the States and Territories on the components of each payment prior to each payment being made.
Section 3: Explanatory tables and budgeted financial statements
Section 3 presents explanatory tables and budgeted financial statements which provide a comprehensive snapshot of the Treasury's finances for 2014‑15. It explains how budget plans are incorporated into the financial statements and provides further details of the reconciliation between appropriations and programme expenses, movements in administered funds, special accounts and government Indigenous expenditure.
3.1 Explanatory tables
3.1.1 Movement of administered funds between years
The Treasury does not have any movements of annual administered appropriations between years.
3.1.2 Special accounts
Special accounts provide a means to set aside and record amounts used for specified purposes. Special accounts can be created by a Finance Minister's Determination under the Financial Management and Accountability Act 1997 or under separate enabling legislation. Table 3.1.2 shows the expected additions (receipts) and reductions (payments) for each account used by the Treasury.
Outcome | Opening balance 2014‑15 2013‑14 $'000 |
Receipts non- appropriated 2014‑15 2013‑14 $'000 |
Receipts appropriated 2014‑15 2013‑14 $'000 |
Payments 2014‑15 2013‑14 $'000 |
Closing balance 2014‑15 2013‑14 $'000 |
|
---|---|---|---|---|---|---|
Actuarial Services Special Account(D) |
1 | 2,819 | 1,629 | - | 1,629 | 2,819 |
2,819 | 1,269 | - | 1,269 | 2,819 | ||
Clean Energy Finance Corpo ration Special Account(A) |
1 | 868,400 | 474,710 | - | - | 1,343,110 |
- | - | 2,000,000 | 1,131,600 | 868,400 | ||
COAG Reform Fund Special Account(A) |
1 | - | 13,813,745 | - | 13,813,745 | - |
- | 16,012,444 | - | 16,012,444 | - | ||
Financial System Stability Special Account(A) |
1 | - | - | - | - | - |
- | - | - | - | - | ||
Services for Other Entities and Trust Moneys Special Account - Department of the Treasury(A/D) |
1 | - | - | - | - | - |
- | - | - | - | - | ||
Total special accounts 2014-15 Budget estimate |
871,219 | 14,290,084 | - | 13,815,374 | 1,345,929 | |
Total special accounts 2013-14 estimated actual |
2,819 | 16,013,713 | 2,000,000 | 17,145,313 | 871,219 |
(A) Administered.
(D) Departmental.
3.1.3 Australian Government Indigenous expenditure
The Treasury does not have any Australian Government Indigenous expenditure.
3.2 Budgeted financial statements
3.2.1 Differences in agency resourcing and financial statements
There are no material differences between agency resourcing and financial statements.
3.2.2 Analysis of budgeted financial statements
The Treasury is budgeting for a break‑even operating result, after non‑appropriated expenses such as depreciation are removed, in 2014‑15 and the forward estimates.
The Treasury has a sound financial position and has sufficient cash reserves to fund provisions and payables, and asset replacement, as they fall due.
3.2.3 Budgeted financial statements tables
Estimated actual 2013‑14 $'000 |
Budget estimate 2014‑15 $'000 |
Forward estimate 2015‑16 $'000 |
Forward estimate 2016‑17 $'000 |
Forward estimate 2017‑18 $'000 |
|
---|---|---|---|---|---|
EXPENSES | |||||
Employee benefits | 129,431 | 126,603 | 120,494 | 119,061 | 119,235 |
Supplier | 46,693 | 52,618 | 35,507 | 33,806 | 34,974 |
Grants | 1,163 | 2,224 | 2,247 | 1,184 | 1,195 |
Depreciation and amortisation | 8,236 | 9,247 | 7,667 | 6,336 | 6,928 |
Total expenses | 185,523 | 190,692 | 165,915 | 160,387 | 162,332 |
LESS: | |||||
OWN-SOURCE INCOME | |||||
Revenue | |||||
Sale of goods and rendering of services | 7,416 | 7,638 | 7,868 | 8,104 | 8,104 |
Other revenue | 850 | 850 | 850 | 850 | 850 |
Total revenue | 8,266 | 8,488 | 8,718 | 8,954 | 8,954 |
Gains | |||||
Other gains | 550 | 550 | 550 | 550 | 550 |
Total gains | 550 | 550 | 550 | 550 | 550 |
Total own-source income | 8,816 | 9,038 | 9,268 | 9,504 | 9,504 |
Net cost of (contribution by) services | 176,707 | 181,654 | 156,647 | 150,883 | 152,828 |
Appropriation revenue | 168,471 | 172,407 | 148,980 | 144,547 | 145,900 |
Surplus (deficit) attributable to the Australian Government | (8,236) | (9,247) | (7,667) | (6,336) | (6,928) |
Note: Impact of Net Cash Appropriation Arrangements | |||||
2013‑14 $'000 |
2014‑15 $'000 |
2015‑16 $'000 |
2016‑17 $'000 |
2017‑18 $'000 |
|
Total Comprehensive Income (loss) less depreciation/amortisation expenses previously funded through revenue appropriations |
- | - | - | - | - |
plus depreciation/amortisation expenses previously funded through revenue appropriations |
(8,236) | (9,247) | (7,667) | (6,336) | (6,928) |
Total Comprehensive Income (loss) - as per the Statement of Comprehensive Income |
(8,236) | (9,247) | (7,667) | (6,336) | (6,928) |
Prepared on Australian Accounting Standards basis.
Estimated actual 2013‑14 $'000 |
Budget estimate 2014‑15 $'000 |
Forward estimate 2015‑16 $'000 |
Forward estimate 2016‑17 $'000 |
Forward estimate 2017‑18 $'000 |
|
---|---|---|---|---|---|
ASSETS | |||||
Financial assets | |||||
Cash and equivalents | 1,223 | 1,223 | 1,223 | 1,223 | 1,223 |
Trade and other receivables | 65,592 | 67,592 | 69,586 | 71,566 | 73,545 |
Total financial assets | 66,815 | 68,815 | 70,809 | 72,789 | 74,768 |
Non-financial assets | |||||
Land and buildings | 4,870 | 3,351 | 3,000 | 2,500 | 2,000 |
Infrastructure, plant and equipment | 9,520 | 9,347 | 7,955 | 6,856 | 6,026 |
Intangibles | 7,809 | 8,240 | 7,649 | 8,266 | 8,090 |
Other | 2,665 | 2,665 | 2,665 | 2,665 | 2,665 |
Total non-financial assets | 24,864 | 23,603 | 21,269 | 20,287 | 18,781 |
Total assets | 91,679 | 92,418 | 92,078 | 93,076 | 93,549 |
LIABILITIES | |||||
Provisions | |||||
Employees | 49,415 | 51,415 | 53,415 | 55,415 | 57,415 |
Total provisions | 49,415 | 51,415 | 53,415 | 55,415 | 57,415 |
Payables | |||||
Suppliers | 2,516 | 2,516 | 2,516 | 2,516 | 2,516 |
Other | 5,536 | 5,536 | 5,536 | 5,536 | 5,536 |
Total payables | 8,052 | 8,052 | 8,052 | 8,052 | 8,052 |
Total liabilities | 57,467 | 59,467 | 61,467 | 63,467 | 65,467 |
Net assets | 34,212 | 32,951 | 30,611 | 29,609 | 28,082 |
EQUITY | |||||
Parent entity interest | |||||
Contributed equity | 46,153 | 54,139 | 59,466 | 64,800 | 70,201 |
Reserves | 5,186 | 5,186 | 5,186 | 5,186 | 5,186 |
Retained surpluses or accumulated deficits | (17,127) | (26,374) | (34,041) | (40,377) | (47,305) |
Total equity | 34,212 | 32,951 | 30,611 | 29,609 | 28,082 |
Current assets | 69,480 | 71,480 | 73,474 | 75,454 | 77,433 |
Non-current assets | 22,199 | 20,938 | 18,604 | 17,622 | 16,116 |
Current liabilities | 52,870 | 54,710 | 56,550 | 58,390 | 60,230 |
Non-current liabilities | 4,597 | 4,757 | 4,917 | 5,077 | 5,237 |
Prepared on Australian Accounting Standards basis.
Estimated actual 2013‑14 $'000 |
Budget estimate 2014‑15 $'000 |
Forward estimate 2015‑16 $'000 |
Forward estimate 2016‑17 $'000 |
Forward estimate 2017‑18 $'000 |
|
---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||
Cash received | |||||
Goods and services | 7,416 | 7,638 | 7,868 | 8,104 | 8,104 |
Appropriations | 166,273 | 168,571 | 146,986 | 142,567 | 143,921 |
Other | 850 | 850 | 850 | 850 | 850 |
Total cash received | 174,539 | 177,059 | 155,704 | 151,521 | 152,875 |
Cash used | |||||
Employees | 127,399 | 124,603 | 118,494 | 117,061 | 117,235 |
Suppliers | 45,977 | 50,232 | 34,963 | 33,276 | 34,445 |
Grants | 1,163 | 2,224 | 2,247 | 1,184 | 1,195 |
Total cash used | 174,539 | 1 77,059 |
155,704 | 151,521 | 152,875 |
Net cash from or (used by) operating activities | - | - | - | - | - |
INVESTING ACTIVITIES | |||||
Cash used | |||||
Purchase of property, plant and equipment | 5,446 | 7,986 | 5,327 | 5,334 | 5,401 |
Total cash used | 5,446 | 7,986 | 5,327 | 5,334 | 5,401 |
Net cash from or (used by) investing activities | (5,446) | (7,986) | (5,327) | (5,334) | (5,401) |
FINANCING ACTIVITIES | |||||
Cash received | |||||
Appropriations - equity injections | 180 | 2,613 | - | - | - |
Appropriations - DCB | 5,266 | 5,373 | 5,327 | 5,334 | 5,401 |
Total cash received | 5,446 | 7,986 | 5,327 | 5,334 | 5,401 |
Net cash from or (used by) financing activities | 5,446 | 7,986 | 5,327 | 5,334 | 5,401 |
Net increase or (decrease) in cash held | - | - | - | - | - |
Cash at the beginning of the reporting period | 1,223 | 1,223 | 1,223 | 1,223 | 1,223 |
Cash at the end of the reporting period | 1,223 | 1,223 | 1,223 | 1,223 | 1,223 |
Prepared on Australian Accounting Standards basis.
Retained surpluses $'000 |
Asset revaluation reserve $'000 |
Other reserves $'000 |
Contributed equity/capital $'000 |
Total equity $'000 |
|
---|---|---|---|---|---|
Opening balance as at 1 July 2014 | |||||
Balance carried forward from previous period | (17,127) | 5,186 | - | 46,153 | 34,212 |
Adjusted opening balance | (17,127) | 5,186 | - | 46,153 | 34,212 |
Comprehensive income | |||||
Surplus (deficit) for the period | (9,247) | - | - | - | (9,247) |
Total comprehensive income recognised directly in equity |
(9,247) | - | - | - | (9,247) |
Transactions with owners | |||||
Distributions to owners | |||||
Restructuring | - | - | - | - | - |
Contributions by owners | |||||
Appropriation (equity injection) | - | - | - | 2,613 | 2,613 |
Appropriation (departmental capital budget) | - | - | - | 5,373 | 5,373 |
Total transactions with owners | - | - | - | 7,986 | 7,986 |
Estimated closing balance as at 30 June 2015 |
(26,374) | 5,186 | - | 54,139 | 32,951 |
Prepared on Australian Accounting Standards basis.
Estimated actual 2013‑14 $'000 |
Budget estimate 2014‑15 $'000 |
Forward estimate 2015‑16 $'000 |
Forward estimate 2016‑17 $'000 |
Forward estimate 2017‑18 $'000 |
|
---|---|---|---|---|---|
NEW CAPITAL APPROPRIATIONS | |||||
Capital budget - Bill 1 - DCB | 5,266 | 5,373 | 5,327 | 5,334 | 5,401 |
Total equity injections | 1,775 | 2,613 | - | - | - |
Total new capital appropriations | 7,041 | 7,986 | 5,327 | 5,334 | 5,401 |
Provided for: | |||||
Purchase of non-financial assets | 5,446 | 7,986 | 5,327 | 5,334 | 5,401 |
Other | 1,595 | - | - | - | - |
Total Items | 7,041 | 7,986 | 5,327 | 5,334 | 5,401 |
PURCHASE OF NON-FINANCIAL ASSETS | |||||
Funded by capital appropriations | 180 | 2,613 | - | - | - |
Funded by capital appropriation - DCB | 5,266 | 5,373 | 5,327 | 5,334 | 5,401 |
TOTAL | 5,446 | 7,986 | 5,327 | 5,334 | 5,401 |
RECONCILIATION OF CASH USED TO ACQUIRE ASSETS TO ASSET MOVEMENT TABLE |
|||||
Total purchases | 5,446 | 7,986 | 5,327 | 5,334 | 5,401 |
Total cash used to acquire assets | 5,446 | 7,986 | 5,327 | 5,334 | 5,401 |
Prepared on Australian Accounting Standards basis.
Buildings $'000 |
Other infrastructure, plant and equipment $'000 |
Intangibles $'000 |
Total $'000 |
|
---|---|---|---|---|
As at 1 July 2014 | ||||
Gross book value | 13,697 | 16,484 | 16,070 | 46,251 |
Accumulated depreciation/amortisation and impairment |
8,827 | 6,964 | 8,261 | 24,052 |
Opening net book balance | 4,870 | 9,520 | 7,809 | 22,199 |
Capital asset additions | ||||
By purchase - equity injection | - | - | 2,613 | 2,613 |
By purchase - appropriation DCB | 1,324 | 3,002 | 1,047 | 5,373 |
Total additions | 1,324 | 3,002 | 3,660 | 7,986 |
Other movements | ||||
Depreciation/amortisation expense | 2,843 | 3,175 | 3,229 | 9,247 |
Total other movements | 2,843 | 3,175 | 3,229 | 9,247 |
As at 30 June 2015 | ||||
Gross book value | 15,021 | 19,486 | 19,730 | 54,237 |
Accumulated depreciation/amortisation and impairment |
11,670 | 10,139 | 11,490 | 33,299 |
Closing net book balance | 3,351 | 9,347 | 8,240 | 20,938 |
Prepared on Australian Accounting Standards basis.
Estimated actual 2013‑14 $'000 |
Budget estimate 2014‑15 $'000 |
Forward estimate 2015‑16 $'000 |
Forward estimate 2016‑17 $'000 |
Forward estimate 2017‑18 $'000 |
|
---|---|---|---|---|---|
EXPENSES ADMINISTERED ON BEHALF OF GOVERNMENT |
|||||
Grants | 93,491,873 | 83,918,126 | 89,358,683 | 95,646,581 | 95,743,584 |
Interest | 5,693 | 6,849 | 6,915 | 6,958 | 7,082 |
Other | 599,122 | 1,140 | 1,161 | 1,276 | 1,078 |
Total expenses administered on behalf of government |
94,096,688 | 83,926,115 | 89,366,759 | 95,654,815 | 95,751,744 |
LESS: | |||||
OWN-SOURCE INCOME | |||||
Own-source revenue | |||||
Non-taxation revenue | |||||
Goods and services | 1,005,840 | 877,092 | 838,562 | 701,843 | 700,796 |
Levies | - | - | 400,000 | 450,000 | 450,000 |
Interest | 4,282 | 7,386 | 15,979 | 30,335 | 45,832 |
Dividends | 1,768,000 | - | 33,000 | 898,000 | - |
Nation Building and COAG transfers | 1,815,639 | 1,858,731 | 2,946,871 | 3,082,114 | 2,639,287 |
Other sources of non-taxation revenues | 4,581 | 4,000 | 4,000 | 4,000 | 4,000 |
Total non-taxation revenue | 4,598,342 | 2,747,209 | 4,238,412 | 5,166,292 | 3,839,915 |
Total own-source revenues administered on behalf of Government |
4,598,342 | 2,747,209 | 4,238,412 | 5,166,292 | 3,839,915 |
Gains | |||||
Foreign exchange | - | 62,221 | 104,952 | 153,312 | 18,001 |
Fair value gain on NDRRA provis ion |
340,472 | - | - | - | - |
Total gains administered on behalf of government |
340,472 | 62,221 | 104,952 | 153,312 | 18,001 |
Total own-sourced income administered on behalf of Government |
4,938,814 | 2,809,430 | 4,343,364 | 5,319,604 | 3,857,916 |
Net Cost of (contribution by) services | 89,157,874 | 81,116,685 | 85,023,395 | 90,335,211 | 91,893,828 |
Surplus (Deficit) | (89,157,874) | (81,116,685) | (85,023,395) | (90,335,211) | (91,893,828) |
Prepared on Australian Accounting Standards basis.
Estimated actual 2013‑14 $'000 |
Budget estimate 2014‑15 $'000 |
Forward estimate 2015‑16 $'000 |
Forward estimate 2016‑17 $'000 |
Forward estimate 2017‑18 $'000 |
|
---|---|---|---|---|---|
ASSETS ADMINISTERED ON BEHALF OF GOVERNMENT |
|||||
Financial assets | |||||
Cash and cash equivalents | 3,719 | 3,719 | 3,719 | 3,719 | 3,719 |
Advances and loans | 1,005,088 | 1,113,070 | 1,048,642 | 962,848 | 855,832 |
Receivables | 1,898,247 | 135,869 | 138,586 | 976,499 | 59,096 |
Investments | 26,755,162 | 32,109,096 | 32,676,248 | 33,341,637 | 33,701,309 |
Total financial assets | 29,662,216 | 33,361,754 | 33,867,195 | 35,284,703 | 34,619,956 |
Total assets administered on behalf of government |
29,662,216 | 33,361,754 | 33,867,195 | 35,284,703 | 34,619,956 |
LIABILITIES ADMINISTERED ON BEHALF OF GOVERNMENT | |||||
Interest bearing liabilities | |||||
Loans | 3,709,351 | 7,670,732 | 7,107,086 | 7,107,826 | 7,108,822 |
Other | 5,085,875 | 5,085,875 | 5,165,796 | 5,272,314 | 5,272,314 |
Total interest bearing liabilities | 8,795,226 | 12,756,607 | 12,272,882 | 12,380,140 | 12,381,136 |
Payables | |||||
Grants and subsidies | 3,643,587 | 745,613 | 96,530 | 96,140 | 90,004 |
Other payables | 171,109 | 111,009 | 81,300 | 54,459 | 35,488 |
Total payables | 3,814,696 | 856,622 | 177,830 | 150,599 | 125,492 |
Total liabilities administered on behalf of government |
12,609,922 | 13,613,229 | 12,450,712 | 12,530,739 | 12,506,628 |
Net assets/(liabilities) | 17,052,294 | 19,748,525 | 21,416,483 | 22,753,964 | 22,113,328 |
Prepared on Australian Accounting Standards basis.
Estimated actual 2013‑14 $'000 |
Budget estimate 2014‑15 $'000 |
Forward estimate 2015‑16 $'000 |
Forward estimate 2016‑17 $'000 |
Forward estimate 2017‑18 $'000 |
|
---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||
Cash received | |||||
Sales of goods and rendering of services | 318,581 | 193,694 | 145,236 | 142,511 | 136,156 |
Levies | - | - | 400,000 | 450,000 | 450,000 |
Interest | 2,209 | 2,798 | 9,115 | 22,984 | 38,134 |
Dividends | 150,000 | 1,693,000 | - | 33,000 | 898,000 |
COAG receipts from agencies | 12,902,267 | 16,203,909 | 18,582,170 | 20,124,882 | 20,810,797 |
Other | 4,581 | 4,000 | 4,000 | 4,000 | 4,000 |
Total cash received | 13,377,638 | 18,097,401 | 19,140,521 | 20,777,377 | 22,337,087 |
Cash used | |||||
Grant payments | 106,253,904 | 100,467,578 | 104,949,165 | 112,130,139 | 113,356,130 |
Interest paid | 4,991 | 6,868 | 6,915 | 6,975 | 7,105 |
Other | 5,826 | 2,140 | 1,161 | 1,276 | 1,078 |
Total cash used | 106,264,721 | 100,476,586 | 104,957,241 | 112,138,390 | 113,364,313 |
Net cash from or (used by) operating activities |
(92,887,083) | (82,379,185) | (85,816,720) | (91,361,013) | (91,027,226) |
INVESTING ACTIVITIES | |||||
Cash received | |||||
Advances and loans | 144,379 | 99,376 | 110,798 | 112,474 | 114,709 |
Other investing activities | - | 511,374 | 59,041 | 89,168 | 186,697 |
Total cash received | 144,379 | 610,750 | 169,839 | 201,642 | 301,406 |
Cash used | |||||
Purchase of investments | 1,231,149 | 1,808,712 | 980,595 | 469,833 | 484,606 |
Advances and loans | 220,108 | 202,775 | 25,000 | - | - |
Total cash used | 1,451,257 | 2,011,487 | 1,005,595 | 469,833 | 484,606 |
Net cash from or (used by) investing activities |
(1,306,878) | (1,400,737) | (835,756) | (268,191) | (183,200) |
Net increase or (decrease) in cash held | (94,193,961) | (83,779,922) | (86,652,476) | (91,629,204) | (91,210,426) |
Cash at beginning of reporting period | 3,719 | 3,719 | 3,719 | 3,719 | 3,719 |
Cash from Official Public Account - appropriations |
96,629,348 | 88,142,893 | 89,921,093 | 95,095,019 | 95,191,723 |
Cash to Official Public Account | 2,435,387 | 4,362,971 | 3,268,617 | 3,465,815 | 3,981,297 |
Cash at end of reporting period | 3,719 | 3,719 | 3,719 | 3,719 | 3,719 |
Prepared on Australian Accounting Standards basis.
Estimated actual 2013‑14 $'000 |
Budget estimate 2014‑15 $'000 |
Forward estimate 2015‑16 $'000 |
Forward estimate 2016‑17 $'000 |
Forward estimate 2017‑18 $'000 |
|
---|---|---|---|---|---|
NEW CAPITAL APPROPRIATIONS | |||||
Administered assets and liabilities | 47,518 | - | - | - | - |
Special appropriations | 281,857 | 1,961,487 | 574,321 | - | - |
Total new capital appropriations | 329,375 | 1,961,487 | 574,321 | - | - |
Provided for: | |||||
International Financial Institutions | 281,857 | 1,961,487 | 574,321 | - | - |
Other | 47,518 | - | - | - | - |
Total items | 329,375 | 1,961,487 | 574,321 | - | - |
Prepared on Australian Accounting Standards basis.
3.2.4 Notes to the financial statements
The Treasury's budgeted statements are prepared on an accrual basis.
Under the Government's accrual budgeting framework, and consistent with Australian Accounting Standards, transactions that departments control (departmental transactions) are separately budgeted for, and reported on, from transactions departments do not have control over (administered transactions). This ensures that departments are only held accountable for the transactions over which they have control.
Departmental assets, liabilities, revenues and expenses are controlled by the department. Departmental expenses include employee and supplier expenses and other administrative costs, which are incurred by the department in providing goods and services.
Administered items are revenues, expenses, assets or liabilities which are managed by the department on behalf of the Government according to set government directions. Administered expenses include subsidies, grants and personal benefit payments, and administered revenues include taxes, fines and excises.