Document 7

From:
Sent:	Thursday, 10 January 2013 11:53 AM
To: Cc:
Subject:	RE: Treasury FW: EM 2012/38 - Foreign Exchange Risk Management - Annual Report for 2012-13 [SEC=UNCLASSIFIED]
Attachments:	EM 2012_38 Templates 1.1, 1.2, 2 and 3.xlsx

Hi

Further to your request, I’ve attached the spreadsheet in support of the return sent previously. Please let us know if you need more info
Cheers

From:
Sent: Tuesday, 8 January 2013 5:37 PM
To:
Subject: FW: Treasury FW: EM 2012/38 - Foreign Exchange Risk Management - Annual Report for 2012-13 [SEC=UNCLASSIFIED]

UNCLASSIFIED

Hi

Just wonder if your team can supply this as well? Kind Regards

UNCLASSIFIED

From:
Sent: Tuesday, 8 January 2013 12:18 PM
To:
Cc: FOREX
Subject: RE: Treasury FW: EM 2012/38 - Foreign Exchange Risk Management - Annual Report for 2012-13 [SEC=UNCLASSIFIED]

UNCLASSIFIED

Hi	,

Thanks again for the report as below.

In previous years, accompanying the Treasury report has been a table containing IMF data which is used in the report (as attached last year’s).

Would it be possible to ask if the Treasury officials plan on sending that data through for this report.

Kind regards,

UNCLASSIFIED

From:
Sent: Monday, 17 December 2012 9:21 AM
To: FOREX
Cc:
Subject: Treasury FW: EM 2012/38 - Foreign Exchange Risk Management - Annual Report for 2012-13 [SEC=UNCLASSIFIED]

UNCLASSIFIED

Dear FOREX team

Please find attached the CFO sign off for Treasury. Kind Regards

UNCLASSIFIED

From:
Sent: Monday, 17 December 2012 9:04 AM
To: Cc:
Subject: RE: EM 2012/38 - Foreign Exchange Risk Management - Annual Report for 2012-13 [SEC=UNCLASSIFIED]

Hi	,

Please find attached Treasury’s return for the Foreign Exchange Risk Management. If you need further information, please contact me.
Thanks.

From:
Sent: Friday, 7 December 2012 12:24 PM
To:

Cc:
Subject: FW: EM 2012/38 - Foreign Exchange Risk Management - Annual Report for 2012-13 [SEC=UNCLASSIFIED]

UNCLASSIFIED

Dear all

Just a friendly reminder. Please note that your agency needs to provide a return:
1)   Parliamentary Budget Office
2)   Department of the Treasury
3)   Clean Energy Finance Corporation
4)   Australian Competition and Consumer Commission
5)   National Competition Council

6)   Australian Securities and Investments Commission

Greatly appreciate if your team can submit the return (both electronic copy and scanned CFO‐signed copy) by 21
December 2012. Kind Regards

UNCLASSIFIED

From: Budget Advice
Sent: Friday, 7 December 2012 11:26 AM
To:

Subject: EM 2012/38 - Foreign Exchange Risk Management - Annual Report for 2012-13 [SEC=UNCLASSIFIED]

UNCLASSIFIED

Please find attached: EM 2012/38 ‐ Foreign Exchange Risk Management ‐ Annual Report for 2012‐13
This EM will be placed in the Knowledge Management section of the CBMS. EM Coordinator
Budget Policy and Coordination Division
Department of Finance and Deregulation

7 December 2012

UNCLASSIFIED

Finance Australian Business Number (ABN):	61 970 632 495
Finance Web Site:	www.finance.gov.au

IMPORTANT:

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Finance Australian Business Number (ABN):	61 970 632 495
Finance Web Site:	www.finance.gov.au

IMPORTANT:

This transmission is intended only for the use of the addressee and may contain confidential or legally privileged information. If you are not the intended recipient, you are notified that any use or dissemination of this communication is strictly prohibited.
If you have received this transmission in error, please notify us immediately by telephone on 61-2-6215-2222 and delete all copies of this transmission together with any attachments.
If responding to this email, please send to the appropriate person using the suffix
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Entity Name:	
	Actual Forex Exposure
at 30 June 2012 in AUD m	Estimated Forex
Exposure at
30 June 2013 in AUD m	Estimated Forex
Exposure at
30 June 2014 in AUD m	Estimated Forex
Exposure at
30 June 2015 in AUD m	Estimated Forex
Exposure at
30 June 2016 in AUD m	
Departmental Receivable						
Departmental Payable						
Total Departmental Exposures	0.000	0.000	0.000	0.000	0.000	
	
Top 5 currencies in which the above Departmental Receivable Exposures are held (balance entered against Other)	
1. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
2. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
3. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
4. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
5. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
6.  Other
Total						

						

	0.000	0.000	0.000	0.000	0.000	
Balance check	0.000	0.000	0.000	0.000	0.000	
	
Top 5 currencies in which the above Departmental Payable Exposures are held (balance entered against Other)	
1. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
2. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
3. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
4. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
5. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
6.  Other
Total						

						

	0.000	0.000	0.000	0.000	0.000	
Balance check	0.000	0.000	0.000	0.000	0.000	

Entity Name: Department of the Treasury	
	Actual Forex Exposure
at 30 June 2012 in AUD m	Estimated Forex
Exposure at
30 June 2013 in AUD m	Estimated Forex
Exposure at
30 June 2014 in AUD m	Estimated Forex
Exposure at
30 June 2015 in AUD m	Estimated Forex
Exposure at
30 June 2016 in AUD m	
Administered Receivable	5,447.368	10,564.052	10,715.167	10,871.951	10,977.831	
Administered Payable	4,689.523	6,430.388	6,484.557	6,539.416	6,548.669	
Total Administered Exposures	10,136.891	16,994.440	17,199.724	17,411.367	17,526.500	
	
Top 5 currencies in which the above Administered Receivable Exposures are held (balance entered against Other)	
1. SDR _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
2. USD_ _ _ _ _ _ _ _ _ _ _ _ _ _ _
3. EUR _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
4. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
5. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
6.  Other
Total						

						
						
	5,447.368	10,564.052	10,715.167	10,871.951	10,977.831	
	5,447.368	10,564.052	10,715.167	10,871.951	10,977.831	
Balance check	0.000	0.000	0.000	0.000	0.000	
	
Top 5 currencies in which the above Administered Payable Exposures are held (balance entered against Other)	
1. SDR _ _ _ _ _ _ _ _ _ _ _ _ _ _
2. USD _ _ _ _ _ _ _ _ _ _ _ _ _ _
3. EUR _ _ _ _ _ _ _ _ _ _ _ _ _ _
4. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
5. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
6.  Other
Total						

						
						
	4,689.523	6,430.388	6,484.557	6,539.416	6,548.669	
	4,689.523	6,430.388	6,484.557	6,539.416	6,548.669	
Balance check	0.000	0.000	0.000	0.000	0.000	

!Entity Name:

	Resources from
Government* AUD m	Please identify the reason for any significant gains/losses or adjustments.	

Departmental resourcing foreign exchange realised gains and losses in 2011-12	

A	
Identify the totalgain(+) or loss (-) realised from foreign exchange transactions which occurred in the period 1July 2011to 30 June 2012.			

B	

Identify the totaladjustments(+) made to resourcing estimates to reflect the 2011-12 forex loss			

c	

Identify the total reduction request(-) required to resourcing (provided in the 2011-12 annualappropriation Acts) to reflect 2011-12  forex gain.			
Reconciliation of departmental resourcing for foreign exchange transactions in 2011-12	

D	Adjustment required to reconcile entity resourcing with realised loss.

Please do not enter an amount  for this row and let this spreadsheet calculate the amount. If you disagree with the calculated amount, then please enter a comment  and discuss it with your AAU.	

0.000		

Notes:     * means Departmental appropriation for FMA Agencies and Commonwealth payments to CAC bodies. All amounts are in AUD millions.
See the Estimates Memorandum for explanations of gain,loss and exposures and guidance on applying the most recent Budget Exchange Rates (BERs) to calculate exposures.

A	A gain should be entered as a positive figure and a loss as a negative figure.
B	The amount should be entered as a positive figure for an estimates adjustment to provide supplementation,or as a negative figure for a reduction request.

Entity  Name:

	Resources from
Government* AUDm	

Please identify the reason for any significant adjustments.	
Adjustment for Foreign Exchange for 2012-13	

A	Identify the actual forex gain(+) or loss (-) from foreign exchange transactions that occurred between 1July 2012 and the most recent estimates update			

B	
Identify adjustments made to resourcing estimates to reflect the actual forex loss in A above			
c	Identify the amount to be included in an appropriation item reduction request (to be made post 30 June 2013) to reflect the actual forex gain in A above			

D	Identify the overall adjustmentsto reflect updated exposures immediately after the most recent estimates update,to 30 June 2013			

E	Identify the overall adjustments reauired to reflect updated exposures immediately after the
most recent estimates update  to  30 June 2013			

F	
Any adjustment required to reconcile entity resourcing

Do not enter an amount for this row; let it be calculated by spreadsheet. If you disagree  with the calculation, then enter a comment and discuss it with your AAU.	

0.000		

Adjustment for Foreign Exchange for 2013-14	

G	Identify adjustments made to reflect updated exposures for 2013-14			

Adjustment for Foreign Exchange for 2014-15	

H	Identify adjustments made to reflect updated exposures for 2014-15			

Adjustment for Foreign Exchange for 2015-16	
I	Identify adjustments made to reflect updated exposures for 2015-16			

Notes

A

B-1

* means Departmentalappropriation for FMA Agencies and Commonwealth payments to CAC bodies. All amounts are in AUD millions.
See the Estimates Memorandum for explanations of gain, loss and exposures and guidance on applying the most recent Budget Exchange Rates (BERs) to calculate exposures. A gain should be entered as a positive figure and a loss as a negative figure.
The amount  should be entered as a positive figure for an estimates adjustment to provide supplementation,or as a negative figure for a reduction request.