Index

Date

A

A New Tax System 2, 41, 43, 45–48,
46-47, 109

A Platform for Consultation 47

A Safer Market 86–87

A Strong Foundation 47

Abbreviations and Acronyms 235

Access and Equity 109

accident/incident reports 115

Accounting Standard Setting
Arrangements 82

accrual framework 1, 55, 97

Acquisition of Assets 178

Administered Appropriations 174

Administered Assets and Liabilities 164

Administered Cash Flows 168

Administered Remote Contingencies 202

Administered Revenues
and Expenses 162, 166

Administrative Appeals Tribunal 120

advertising 144

Agency

Appropriations 174

Assets and Liabilities 163, 178

Cash Flows 167

Revenues and Expenses 161, 174, 177

Agency and Administered Items 172

Agency Revenues and Expenses 165

Amounts Written Off 222

An International Perspective 47

Appointments to Boards 111

Asia, relations 34

Asian Development Bank 26, 28, 30, 124

Asian economic crisis 20, 30

Asia-Pacific Economic Cooperation
(APEC) 2, 26, 28, 33, 42

Economic Committee 34

Investment Experts Group 33

Sixth APEC Finance Ministers’
Meeting 33

Asset Recognition Threshold 178

Assistant Treasurer 70-71, See Portfolio Ministers

Audit Report 158–59

Audit Review Working Party 82

Audit, Audit Committee 116–19

Auditor-General 222

Australia New Zealand Bilateral Economic Relations 71

Australian Bureau of Statistics (ABS) 6, 18, 23-24, 31

Australian Business Number 47

Australian Competition and Consumer Commission (ACCC) 6, 39, 41-42, 87

Australian Competition Tribunal 42, 132

Australian Dollar Denominated
Securities 219

Australian National Audit Office
(ANAO) 31, 116

reports 118

Australian Office of Financial Management (AOFM) 5, 61, 187

Australian Prudential Regulation Authority (APRA) 4, 6, 31, 75

Australian Securities and Investments Commission (ASIC) 6, 31, 78, 82, 213

Australian Taxation Office (ATO) 6, 31, 44, 46, 48, 50, 62, 75, 105, 116

Australian Workplace Agreements 105

Average Staffing Levels 223

awards 99

B

Bad and Doubtful Debts 181

bereavement kit 106

Bills of Exchange Act 1909 81

Boards 111

Borrowing Program, Borrowings 52, 64, 183

Budget Overview and Economic Outlook 21

The 1999-2000 Budget 1, 19–21, 48, 55

building refurbishment 99, 113

business law 4

Business Law Dialogue with
New Zealand 82

Business Law Subprogram

objective, description 77

principal activities 78–83

resources 77

strategies, performance indicators 77–78

Business Regulation Advisory Group 79, 125

C

Capitalisation of Assets 190

career development 96, 110

carers’ room 106–7

Cash Flow Reconciliation 200

Centre for Global Financial Services
(CGFS) 3, 64, 75

Certified Agreement 95, 112, 118

Change Management Program 96

changes in Treasury’s functions 5

Charter of Budget Honesty 19, 54

Cheques and Payment Orders Act 1986 81

Client & Customer Service Charters

Consumer Affairs 16

Foreign Investment Review Board (FIRB) 16

Coinage Trust Account 216

Commercial Activities Fund 187, 209

Commonwealth Competitive Neutrality Complaints Office 42

Commonwealth Consumer Affairs Advisory Council 90, 125

Commonwealth Financial Counselling Program 91

Commonwealth Legislation Review
Schedule 38

Commonwealth’s Borrowing Program 64

Commonwealth-State Financial
Relations 46, 56

Commonwealth-State Housing
Agreement 55

Community and Public Sector Union 112

Community Education and Information Program 49, 118, 144

Companies and Securities Advisory Committee (CASAC) 6, 126

Company Law Review Act 1998 4, 80

conference papers 145

Consolidated Revenue Fund 187, 203

consultancies 140

consultation

State & Territory governments 90–92

with industry, business, public 46-47, 48, 51, 79-80

with staff, unions 96

Consumer Affairs Subprogram

objective, description 84

principal activities 86–92

resources 84

strategies, performance indicators 84

Consumer Education Program 88, 89

Consumer Price Index (CPI) 19, 51–52

consumer product regulation 86

Consumer Protection Legislation 90

Consumer Redress Study 88

consumer representatives 89

Corporate Developments 4

Corporate Direction and Support Subprogram

objective, description 93

principal activities 94–100

resources 93

strategies, performance indicators 93–94

Corporate Governance 81

Corporate Law Economic Reform Program (CLERP) 4, 78–80

Corporate Statement

people values 14

performance indicators, focus 13

policy outcomes, strategies 11–14

Treasury mission, 11

Corporations Legislation Amendment Act
1998 80

Council of Australian Governments (COAG) 40

courts 119

credit risk 64

Credit Risk Exposures 234-235

Cultural Gifts Program 50

Customer Service Charter 92

D

Debt 192

assistance payments 66

Debt Management Office 61

redemption 66

Debt Management Subprogram

objective, description 61

principal activities 63–66

resources 61

strategies, performance indicators 62–63

Debt Retirement Reserve Trust
Account 217

delegations 122

Department of Finance and Administration (DoFA) 62

Depreciation and Amortisation 179

Derivatives

Notional Principal Amounts 230

Transactions 184

documents, categories 149

Domestic Economy Subprogram

objective, description 17

principal activities 18–24

resources 17

strategies, performance indicators 17–18

E

economic forecasts 18, 21

economic reform 1, 34

Economic Roundup 20–22, 149

electronic commerce 87-88

Employee Assistance Program 114

Employee Entitlements

Leave 176

Separation and Redundancy 176

Superannuation 177

Employee liabilities 193

Equal Employment Opportunity
(EEO) 106

Equity 194

European Bank for Reconstruction and Development (EBRD) 26, 124

European Commission 89

Executive Board 94

Executive Remuneration 221

external representation 138

Extraordinary Items 189

F

family assistance 48

Family Tax Benefit 48

Feedback from Government and
Taxpayers 47

FEMM See South Pacific Forum Economic Minister’s Meeting

Final Budget Outcome 1997-98 54

Financial and Currency Subprogram

objective, description 72

principal activities 74–76

resources 73

strategies, performance indicators 73–74

Financial Assets, Liabilities 195, 224

Financial Assistance Grants 56

Financial Institutions

Code 3, 75

Duty 2, 56, 59

Financial Instruments 177, 224

Financial issues 3

Financial Management and Accountability Act 1997 172

Financial Reporting Council 82

Financial Sector Advisory Council 44, 73, 127, 138

financial sector, reforms & issues 75-76, 80

Financial Stability Forum 28

Financial Statements 157

Financial System Inquiry 3, 75

First Home Owner
s Scheme 57

fiscal consolidation 1

Fiscal Reporting 58

Fiscal Subprogram

objectives, description 52

principal activities 54–60

resources 52

strategies, performance indicators 53–54

Foreign Currency Denominated
Securities 219

Foreign Currency Transactions 183

Foreign Exchange Risk 231

Foreign Investment Review Board
(FIRB) 16, 68, 70, 171

fraud 116

Fraud Control Plan 116

Freedom of Information (FOI) 119, 121

Applications 129

Fringe Benefits Tax 47

funding risk 63

Future Reporting Periods 220

G

G22 28, 32

G26 31

G33 32

G7 28-29, 31-32

General Insurance Code of Conduct 87

Goods and Services Expenses 188

Goods and Services Tax (GST) 2, 46-47

GST Administration Subcommittee 57

Government inquiries 51

Government securities 192

graduate recruitment 97

Grants 52, 66, 175, 189, 193

Gross Domestic Product (GDP) 19–20

Guarantees 29, 181

H

Heads of Government 2, 56, 60

Heads of Treasuries 58

health week program 115

Heavily Indebted Poor Countries 30

home-based work 106–7

I

Industrial Democracy 112

industry codes of conduct 87

Information Technology Services 98

Outsourcing 99

Security Policy 98

Year 2000 compliance 99

Insurance 180

Intangible Assets 179

Interest Rate Exposures 232

Intergovernmental Agreement on the Reform of Commonwealth-State Financial Relations 2, 56, 60

Internal and External Scrutiny 116

Administrative Appeals Tribunal 120

Internal Treasury Bills 219

International Economic Policy Group (IEPG) 29

International Economy Subprogram

objective, description 25

principal activities 27–35

resources 25

strategies, performance indicators 26–27

International financial, crisis & issues 1-2, 27–30

International Insolvency 82

International Monetary Fund (IMF) 2, 20, 26, 28, 30, 124

New Arrangements to Borrow 2, 32

Inventories 180

Investment Subprogram

objectives, description 67

principal activities 69–71

resources 68

strategies, performance indicators 68–69

Investment Transactions Account 212

Investments

Development Banks 182

International Monetary Fund (IMF) 183

Portfolio Agencies 183

 

J

Joint Economic Forecasting Group 20

Joint Standing Committee on Treaties (JSCOT) 71

L

Leases 177, 192

Lloyds Deposit Trust Fund 212

Loan Consolidation and Investment
Reserve 182

Trust Account 218

Loan Council 53, 58, 171

loans 32, 192

luxury car tax 47

M

macroeconomic policy 1

major program reviews

Commonwealth-State Housing Agreement 55

private health insurance reforms 55

Quadrennial Review of Non-Government School Funding 55

Making Transparency Transparent 23,
31, 83

Managed Investments Act 1998 4, 49

Manila Framework Group 26, 30–31

market research 144

market risk 63

membership of committees, boards 138

Mid-Year Economic and Fiscal Outlook (MYEFO) 19–22

Minister for Financial Services & Regulation 3, 40, 84-85, 88-90, 125, See Portfolio Ministers

Minister for the Environment and
Heritage 90

Ministerial Correspondence 51, 98

Ministerial Council for Corporations (MINCO) 80, 82

Ministerial Council on Consumer Affairs (MCCA) 85, 89, 91

Mint See Royal Australian Mint

Mission Statement 11

Model Code of Conduct 87

Modelling 51

monetary policy 1

Mortgage Insurance Policies 184

Multilateral Agreement on Investment (MAI) 71

Multilateral Investment Guarantee
Agency 32

N

National Accounts 20, 24

National Competition Council (NCC) 6, 42

National Competition Payments 58

National Competition Policy 3, 38

National Coroners’ Information System 86

National Fiscal Outlook 53

national injury surveillance system 86

National Tax Liaison Group 44

National Transmission Network, sale 39

New Arrangements to Borrow 32

Non-financial Assets 197

Non-taxation Revenue 190

Notes to the Financial Statements 170

Numismatic Coin Sales 220

O

Occupational Health and Safety
(OH&S) 113

occupational overuse syndrome 114

OECD Committee on Fiscal Affairs 50

Office of Regulation Review 42, 136

Ombudsman 119

Organisation for Economic Co-operation & Development (OECD) 20, 22, 26, 35, 42, 44, 69, 71, 85, 88

Overview 1

P

Pacific Economies, relations 34

Pay as you go (PAYG) 47

Pay Model 112

Payments

Commonwealth 220

States and Territories 58, 183

performance based pay 105

Performance Management System 4, 13, 95–97, 112

permanent part-time policy 106

Petroleum Resource Rent Tax 50, 51

Pooled Development Fund 48, 51

Portfolio Ministers 12-13, 18, 41, 44, 45, 54, 73-74, 77, 93, 94-95, 125

Portfolio Outcome Structure 6

Portfolio Output Structure 7

Pre-Election Economic and Fiscal Outlook (PEFO) 54

Premiers’ Conferences 57

Price, Revenue Incidence Simulation Model (PRISMOD) 51

Prime Minister 2-3, 20, 28-29, 33, 44, 56-57, 82, 104, 136

Principles of Aggregation 173

product safety 86

Productivity Commission 3, 6, 40, 42

Promissory Notes 183

Provisions and Payables 193

public debt interest 63, 66

public information, speeches, conference papers 145

publications 145

R

Ralph Review See Review of Business Taxation

Reciprocal Taxation Agreement 60

Reconciliation of Agency Running
Costs 209

Reconciliation of Program and Appropriation Elements 156

Reconciliation of Revenues from Independent Sources & from Government 191

Regional Financial Centre Task
Force 73, 76

Regulation Impact Statements 136

Regulatory Advisory Committee 75

Related Party transactions 220

Reserve Bank of Australia (RBA) 20, 24, 31, 62, 65, 187

Reserved Money Fund 187, 209

Resources Received Free of Charge 174

Retirement and Income Modelling 72, 75

Revaluation 178

Revenue Replacement Payments 175, 214

Revenues from Government 173

Review of Business Taxation (RBT) 2, 43-48

Royal Australian Mint 15, 72, 76, 122, 171, 181, 216

S

SAP R/3 system 97, 117

Schedule of Commitments 169

Schedule of Contingencies 169

Self-Regulation and Electronic Commerce (A Fairer Market) 87–88

senior staff changes 103

Six Markets Groups 31

Small Business Deregulation Task
Force 136

South Pacific Forum Economic Ministers’ Meeting (FEMM) 26, 34

Special Appropriations, expenditure 205

Special Public Money 209

Specific Disclosures by Financial
Institutions 177

speeches 145

staff training 96

Staffing 101, 129

Standing Committee on Consumer
Affairs 85

State and Territory Advances 181

Statement of Significant Accounting
Policies 181

Structural Reform 3, 38–39

Structural Subprogram

objective, description 36

principal activities 38–42

resources 36

strategies, performance indicators 37

Sydney 2000 Olympic Coin Program 18
5

System of National Accounts 1993 (SNA93) 22, 24

T

Task Force on International Financial Reform 2, 23, 28, 83

Tax Expenditures Statement 44

Tax Incentive for Heritage Conservation 48

tax measures

tax deductibility, capital gains tax, ‘private funds’, Cultural Gifts Program 50

tax reform 2, 57, 109

taxation 1, 2, 39, 43-44, 46, 49-51, 59, 60, 72-74, 180

Taxation Expenditures Statement (TES) 49

Taxation Subprogram

objective, description 43

principal activities 45–51

resources 43

strategies, performance indicators 44-45

Taxation Task Force 44-46

Telstra, sale 39

The International Economic Policy
Group 29

Trade Practices Act 36, 40, 41, 85, 86, 87

Treasurer 2, 6, 11, 17, 23-28, 31-39, 40-47, 55-57, 64, 70- 80, 95, 104, 109-110, 119, 122-131, See Portfolio Ministers

Treasury

functions, changes 5

output groups 15

people values 14

Treasury Bonds 65, 219

Treasury charts

output structure 9

portfolio outcome structure 6

portfolio output structure 7

program structure 8

top management structure 9

Treasury Macroeconomic Model
(TRYM) 20

Treasury Management Model 4, 95–97, 101, 112

Treasury Mission Statement 109

Treasury Notes 65

Treasury people values 96

Treasury Program, objective, description, resources 15

Treasury Wholesale Sales Tax and Excise Revenue Price Model (TWERP) 51

Trustee Companies (ACT) Deposits Trust Fund 215

U

Unclaimed Moneys 181

United Nations (UN) 85

United Nations Commission on International Trade Law
(UNCITRAL) 83

United Nations Guidelines for Consumer Protection 90

W

wine equalisation tax 47

wool stockpile 50

working files 128

workplace agreements 105

Workplace Diversity 106–11

Workplace Relations Committee 96, 106, 110, 112

World Bank 2, 26, 28, 30, 124

Y

Year 2000 (Y2K) 87, 99