PORTFOLIO ADDITIONAL
ESTIMATES STATEMENTS 2012-13
FINANCE AND DEREGULATION PORTFOLIO
EXPLANATIONS OF ADDITIONAL ESTIMATES 2012-13
© Commonwealth of Australia 2013
ISBN 978 1743 57 3914
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SENATOR THE HON PENNY WONG
Minister for Finance and Deregulation
President of the Senate
Australian Senate
Parliament House
CANBERRA ACT 2600
Speaker
House of Representatives
Parliament House
CANBERRA ACT 2600
Dear Mr President and Madam Speaker
I hereby submit Portfolio Additional Estimates Statements in support of the
2012-13 Additional Estimates for the Finance and Deregulation Portfolio.
These statements have been developed, and are submitted to the Parliament, as
a statement on the funding requirements being sought for the Portfolio.
I present these statements by virtue of my ministerial responsibility for
accountability to the Parliament and, through it, the public.
Yours sincerely
Penny Wong
Abbreviations and conventions
The following notations may be used:
NEC/nec
not elsewhere classified
-
nil
..
not zero, but rounded to zero
na
not applicable (unless otherwise specified)
nfp
not for publication
$m
$ million
Figures in tables and in the text may be rounded. Figures in text are generally
expressed in $million rounded to one decimal place, whereas figures in tables are
generally rounded to the nearest thousand. Discrepancies in tables between totals and
sums of components are due to rounding.
Enquiries
Should you have any enquiries regarding this publication please contact
the Chief Financial Officer of the Department of Finance and Deregulation on
(02) 6215 2222.
A copy of this document can be located on the Australian Government Budget website
at: http://www.budget.gov.au.
iv
USER GUIDE
TO THE
PORTFOLIO ADDITIONAL
ESTIMATES STATEMENTS
USER GUIDE
The purpose of the Portfolio Additional Estimates Statements (PAES), like that of the
Portfolio Budget Statements (PB Statements), is to inform Senators and Members of
Parliament and the public of the proposed allocation of resources to Government
outcomes by agencies within the portfolio. The focus of the PAES differs from the
PB Statements in one important aspect. While the PAES include an Agency Resource
Statement to inform Parliament of the revised estimate of the total resources available
to an agency, the focus of the PAES is on explaining the changes in resourcing by
outcome(s) since the Budget. As such, the PAES provides information on new
measures and their impact on the financial and/or non-financial planned performance
of programs supporting those outcomes.
The PAES facilitate understanding of the proposed appropriations in Appropriation
Bills (No. 3 and No. 4) 2012-13. In this sense the PAES is declared by the Additional
Estimates Appropriation Bills to be a ‘relevant document’ to the interpretation of the
Bills according to section 15AB of the Acts Interpretation Act 1901.
Whereas the Mid-Year Economic and Fiscal Outlook 2012-13 is a mid-year budget
report which provides updated information to allow the assessment of the
Government’s fiscal performance against its fiscal strategy, the PAES update the most
recent budget appropriations for agencies within the portfolio.
vii
User Guide
STRUCTURE OF THE PORTFOLIO ADDITIONAL ESTIMATES STATEMENTS
The PAES are presented in three parts with subsections.
User Guide
Provides a brief introduction explaining the purpose of the PAES.
Portfolio Overview
Provides an overview of the Portfolio, including a chart that outlines the outcomes for
agencies in the portfolio.
Agency Additional Estimates Statements
A statement (under the name of the agency) for each agency affected by Additional
Estimates.
Section 1: Agency
Overview and
Resources
This section details the total resources available to an agency,
the impact of any measures since Budget, and their impact on
Appropriation Bills No. 3 and No. 4.
Section 2: Revisions to
Outcomes and Planned
Performance
This section details changes to Government outcomes and/or
changes to the planned performance of agency programs.
Section 3: Explanatory
Tables and Budgeted
Financial Statements
This section contains updated explanatory tables on special
account flows and staffing levels and revisions to the budgeted
financial statements.
Glossary
Explains key terms relevant to the Portfolio.
viii
CONTENTS
Portfolio Overview......................................................................................................... 3
Agency Additional Estimates Statements .................................................................. 7
Department of Finance and Deregulation ..................................................................... 11
Portfolio Glossary ....................................................................................................... 59
Acronyms ..................................................................................................................... 62
ix
PORTFOLIO OVERVIEW
PORTFOLIO OVERVIEW
PORTFOLIO OVERVIEW
There have been no significant changes to the portfolio to that described in the
2012-13 Portfolio Budget Statements.
The Finance and Deregulation portfolio outcomes are represented in Figure 1 on
page 4.
ADDITIONAL ESTIMATES AND VARIATIONS – PORTFOLIO LEVEL
Additional estimates and variations are being sought for the Department of Finance
and Deregulation (Finance). These are detailed in the respective statements later in
this document, with a brief outline of the changes summarised below.
Funding for the other agencies within the portfolio, being the Australian Electoral
Commission, the Commonwealth Superannuation Corporation, ComSuper and the
Future Fund Management Agency, remains unchanged.
Department of Finance and Deregulation
Finance is seeking net additional funding of $27.6 million as Appropriation Bill 3 as
follows:


The Government will provide $0.2 million in 2012-13 to extend overseas travel
entitlements for the leader of the Opposition and the leaders of minority
parties; and
The Government will provide $27.4 million in 2012-13 for the MoP(S) Act
Enterprise Agreement.
Finance is also seeking net additional funding of $5.0 million in Appropriation Bill 4, to
be used in the establishment of the Moorebank Intermodal Terminal Company.
Finance’s administered special appropriation will increase by $1.1 billion in 2012-13
due to revisions of superannuation estimates.
3
Portfolio Overview
Figure 1: Finance and Deregulation Portfolio Structure and Outcomes
Minister for Finance and Deregulation
Senator the Hon Penny Wong
Minister Assisting for
Deregulation
Special Minister of State
The Hon David Bradbury MP
The Hon Gary Gray AO MP
Department of Finance and Deregulation
Portfolio Secretary: Mr David Tune PSM
Outcome 1
Outcome 2
Outcome 3
Informed decisions on Government finances and regulatory practices through: policy
advice; implementing frameworks; and providing financial advice, guidance and
assurance.
Effective Government policy advice, administration and operations through: oversight of
Government Business Enterprises; Commonwealth property management and
construction; risk management; and providing ICT services.
Support for Parliamentarians, others with entitlements and organisations as approved
by Government through the delivery of entitlements and targeted assistance.
Australian Electoral Commission
Electoral Commissioner: Mr Ed Killesteyn PSM
Outcome 1
Maintain an impartial and independent electoral system for eligible voters through
active electoral roll management, efficient delivery of polling services, and targeted
education and public awareness programs.
Commonwealth Superannuation Corporation
Chairman: Mr Tony Hyams AM
Outcome 1
Retirement benefits for past, present and future Australian Government employees and
members of the Australian Defence Force through investment and administration of
their government superannuation funds and schemes.
ComSuper
Chief Executive Officer: Dr Jill Charker
Outcome 1
Provide access to Australian Government superannuation benefits and information,
through developing members' understanding of the schemes, processing contributions,
supporting investment processes, paying benefits and managing member details, for
current and former Australian Public Servants and members of the Australian Defence
Force, on behalf of the Commonwealth Superannuation Corporation.
Future Fund Management Agency
Chief Executive Officer: Mr David Gonski AC
Outcome 1
Make provision for the Commonwealth’s unfunded superannuation liabilities and
payments for the creation and development of infrastructure, by managing the
operational activities of the Future Fund and Nation-Building Funds, in line with the
Government’s investment mandate
4
Portfolio Overview
PORTFOLIO ADDITIONAL RESOURCES
Table 1 shows for those agencies reporting in the Portfolio Additional Estimates
Statements the additional resources provided to the portfolio in the 2012-13 budget
year, by agency.
Table 1: Portfolio Additional Resources 2012-13
Bill No. 3
$m
Department of Finance
and Deregulation
Administered appropriations
Departmental appropriations
Total
Australian Electoral
Commission
Administered appropriations
Departmental appropriations
Total
Commonwealth
Superannuation Corporation
Administered appropriations
Departmental appropriations
Total
ComSuper
Administered appropriations
Departmental appropriations
Total
Future Fund
Management Agency
Administered appropriations
Departmental appropriations
Total
Appropriation
Bill No. 4
$m
Receipts
Total
Special
$m
$m
$m
28
-
5
-
1,100
-
121
(68)
1,254
(68)
1,186
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Resources available within portfolio:
1,186
5
AGENCY ADDITIONAL ESTIMATES
STATEMENTS
Department of Finance and Deregulation ................................................................. 11
DEPARTMENT OF FINANCE AND DEREGULATION
Section 1: Agency Overview and Resources ........................................................... 11
1.1 Strategic Direction ................................................................................................... 11
1.2 Agency Resource Statement .................................................................................. 11
1.3 Agency Measures Table ......................................................................................... 16
1.4 Additional Estimates and Variations ....................................................................... 17
1.5 Breakdown of Additional Estimates by Appropriation Bill ....................................... 20
Section 2: Revisions to Agency Resources and Planned Performance ............... 22
2.1 Resources and Performance Information ............................................................... 22
Section 3: Explanatory Tables and Budgeted Financial Statements ..................... 37
3.1 Explanatory Tables ................................................................................................. 37
3.2 Budgeted Financial Statements .............................................................................. 42
9
DEPARTMENT OF FINANCE AND DEREGULATION
SECTION 1: AGENCY OVERVIEW AND RESOURCES
1.1
STRATEGIC DIRECTION
A full outline of the Department of Finance and Deregulation’s (Finance) Strategic
Direction can be found in the 2012-13 PB Statements.
1.2
AGENCY RESOURCE STATEMENT
The Agency Resource Statement details the resourcing for Finance at Additional
Estimates. Table 1.1 outlines the total resourcing available from all sources for the
2012-13 budget year, including variations through Appropriation Bills No. 3 and No. 4,
special appropriations and special accounts.
11
Finance Additional Estimates Statements
Table 1.1: Department of Finance and Deregulation Resource Statement —
Additional Estimates for 2012-13 as at Additional Estimates February 2013
Estimates
at Budget
Proposed
+
Additional
=
Total
Total
Available
2012-13
$'000
2012-13
$'000
Estimate
at
Additional
Estimates
2012-13
$'000
345,422
21,872
367,294
-
345,422
21,872
367,294
252,126
25,204
277,330
11,434
697
239,937
252,068
27,587
27,587
11,434
697
267,524
279,655
14,689
681
237,190
252,560
619,362
27,587
646,949
529,890
190,464
190,464
-
190,464
190,464
208,000
208,000
6,822
6,822
5,000
5,000
11,822
11,822
1,789
1,789
197,286
5,000
202,286
209,789
816,648
32,587
849,235
739,679
Estimate
Appropriation
2011-12
$'000
Ordinary annual services 1
Departmental appropriation
Departmental appropriation 2
s31 Relevant agency receipts 3
Total
Administered expenses
Outcome 1
Outcome 2
Outcome 3 4
Total
Total ordinary annual services
A
5
Other services
Departmental non-operating
Equity injections
Total
Administered non-operating
Administered assets and liabilities
Total
Total other services
Total available annual
appropriations
B
12
Finance Additional Estimates Statements
Table 1.1: Department of Finance and Deregulation Resource Statement —
Additional Estimates for 2012-13 as at Additional Estimates February 2013
(continued)
Estimates
at Budget
Special appropriations
Special appropriations limited
by criteria/entitlement
Federal Magistrates Act 1999 section 9G
Financial Management and
Accountability Act 1997
Governance of Australian
Government Superannuation
Schemes Act 2011
Governor-General Act 1974
Judges' Pensions Act 1968
Members of Parliament (Life
Gold Pass) Act 2002
Parliamentary Contributory
Superannuation Act 1948
Parliamentary Entitlements
Act 1990
Parliamentary Superannuation
Act 2004
Same-Sex Relationships
(Equal Treatment in
Commonwealth Laws Superannuation) Act 2008
Superannuation Act 1922
Superannuation Act 1976
Superannuation Act 1990
Superannuation Act 2005
Superannuation Legislation
(Consequential Amendments and
Transitional Provisions) Act 2011
Proposed
+
=
Total
Total
Available
Appropriation
2012-13
$'000
2012-13
$'000
Estimate
at Additional
Estimates
2012-13
$'000
1,355
-
1,355
693
-
-
-
289,934
828
75,300
730
-
730
828
75,300
366
1,234
39,341
3,171
-
3,171
2,695
56,300
1,050
57,350
34,820
157,071
629
157,700
140,914
4,200
-
4,200
3,506
61
49,001
3,415,480
3,249,020
200
(17,847)
(698,069)
1,813,357
(200)
61
31,154
2,717,411
5,062,377
-
55
129,135
3,862,002
1,016,486
-
-
-
-
-
13
Additional
Estimate
2011-12
$'000
Finance Additional Estimates Statements
Table 1.1: Department of Finance and Deregulation Resource Statement —
Additional Estimates for 2012-13 as at Additional Estimates February 2013
(continued)
Estimates
at Budget
Special appropriations limited
by amount
Commonwealth of Australia
Constitution Act 1901 (s.66)
Special appropriations limited
by capital
Special capital appropriations
Total special appropriations
Total appropriations excluding
Special accounts
Special accounts
Opening balance 6
Appropriation receipts
Equity Injection
Non-appropriation receipts to
special accounts
Total special accounts
C
D
Total resourcing
A+B+C+D
Less appropriations drawn from
annual or special appropriations above
and credited to special accounts
and/or CAC Act bodies through
annual appropriations
Total net resourcing for Finance
Proposed
+
Additional
Estimate
=
Total
Total
Available
Appropriation
2012-13
$'000
2012-13
$'000
Estimate
at Additional
Estimates
2012-13
$'000
4,580
139
4,719
3,935
1,488,832
-
1,488,832
1,392,780
8,505,399
1,099,789
9,605,188
6,917,896
9,322,047
1,132,376
10,454,423
7,657,575
486,419
65,976
69,396
40,291
(712)
-
526,710
65,264
69,396
517,607
17,168
178,307
3,663,341
4,285,132
53,394
92,973
3,716,735
4,378,105
32,564,966
33,278,048
13,607,179
1,225,349
14,832,528
40,935,623
(135,372)
712
(134,660)
(195,475)
13,471,807
1,226,061
14,697,868
40,740,148
2011-12
$'000
Reader note: All figures are GST exclusive.
1. Appropriation Bills (No.1 & 3) 2012-13.
2. Includes an amount of $8.290m in 2012-13 for the Departmental Capital Budget (refer to table 3.2.5 for
further details). For accounting purposes this amount has been designated as 'contributions by owners'.
Also included is an amount of $7.644m as departmental supplementation.
3. Section 31 Relevant Agency receipts — estimate.
4. Includes an amount of $3.197m for the Administered Capital Budget (refer to table 3.2.10 for further
information).
5. Appropriation Bills (No.2 & 4) 2012-13.
6. For further information on special accounts see Table 3.1.1.
14
Finance Additional Estimates Statements
Table 1.1: Department of Finance and Deregulation Resource Statement —
Additional Estimates for 2012-13 as at Additional Estimates February 2013
(continued)
Third Party Drawdowns from and on behalf of other agencies
Payments made on behalf of Finance
Attorney-General's Department
Parliamentary Entitlements Act 1990
ComSuper
Governance of Australian Government
Superannuation Schemes Act 2011
Same-Sex Relationships (Equal Treatment in
Commonwealth Laws - Superannuation) Act 2008
Superannuation Act 1922
Superannuation Act 1976
Superannuation Act 1990
Superannuation Act 2005
Appropriation Act 11
Appropriation Act 12
Appropriation Act 22
Department of Defence
Parliamentary Entitlements Act 1990
Department of the House of Representatives
Commonwealth of Australia
Constitution Act 1901 (s. 66)
Parliamentary Entitlements Act 1990
Parliamentary Superannuation Act 2004
Department of Parliamentary Services
Parliamentary Entitlements Act 1990
Department of the Senate
Commonwealth of Australia
Constitution Act 1901 (s. 66)
Parliamentary Entitlements Act 1990
Parliamentary Superannuation Act 2004
Fair Work Australia
Judges' Pensions Act 1968
Payments made by Finance on behalf of other agencies
Attorney-General's Department
Law Officers Act 1964
Australian Secret Intelligence Organisation
Appropriation Act 2
1. Compensation and Legal Payments
2. Acts of Grace Payments
15
Estimates at
Estimates at
Budget
2012-13
$'000
Additional
Estimates
2012-13
$'000
300
300
-
730
61
49,001
3,415,480
3,249,020
200
500
650
959
61
31,154
2,717,411
5,062,377
500
650
959
-
-
3,428
450
2,714
3,532
450
2,714
13,737
13,737
1,152
736
1,486
1,187
736
1,486
4,833
4,833
400
400
27,496
75,493
Finance Additional Estimates Statements
1.3
AGENCY MEASURES TABLE
Table 1.2 summarises new Government measures taken since the 2012-13 Budget. The
affected program has been identified.
Table 1.2: Department of Finance and Deregulation 2012-13 Measures since
Budget
Program
2012-13
$'000
2013-14
$'000
2014-15
$'000
2015-16
$'000
(161)
(160)
(159)
(158)
(161)
(161)
(160)
(160)
(159)
(159)
(158)
(158)
Expense measures
Administered expenses
Overseas travel entitlements for
the leader of the Opposition
and the leaders of minority parties
3.1
Total expense measures
Administered
Total
Note: This table has been prepared on a Government Financial Statistics (fiscal) basis. A positive amount
indicates an improvement to fiscal balance while a negative amount indicates a worsening of fiscal balance.
16
Finance Additional Estimates Statements
1.4
ADDITIONAL ESTIMATES AND VARIATIONS
The following tables detail the changes to the resourcing for Finance at Additional
Estimates, by outcome. Table 1.3 details the Additional Estimates and Variations
resulting from new measures since the 2012-13 Budget in Appropriation Bills No. 3
and No. 4. Table 1.4 details Additional Estimates or Variations through other factors,
such as parameter adjustments.
Table 1.3: Additional Estimates and Variations to Outcomes from Measures
since 2012-13 Budget
Program
impacted
2012-13
$'000
2013-14
$'000
2014-15
$'000
2015-16
$'000
161
160
159
158
161
160
159
158
Outcome 3
Increase in estimates (administered)
Overseas travel entitlements for
the leader of the Opposition
and the leaders of minority parties
Net impact on estimates
for Outcome 3 (administered)
3.1
Note: This table has been prepared on an appropriation basis. A positive amount indicates an increase to
Finance’s appropriations while a negative amount indicates a decrease to Finance’s appropriations.
17
Finance Additional Estimates Statements
Table 1.4: Additional Estimates and Variations to Outcomes from Other
Variations
Program
impacted
Outcome 1
Increase in estimates (administered)
Superannuation estimates update
Net impact on estimates
for Outcome 1 (administered)
Decrease in estimates (departmental)
Departmental Targeted Savings
Economic Parameter Update
Gateway - Exemption for the
Biosecurity Reform Program
Net impact on estimates
for Outcome 1 (departmental)
Outcome 2
Increase in estimates (administered)
Moorebank Intermodal
Terminal Establishment
Net impact on estimates
for Outcome 2 (administered)
Decrease in estimates (departmental)
Departmental Targeted Savings
Economic Parameter Update
Moorebank Relocation of Units
Realignment of Commonwealth
Law Courts Funding
Net impact on estimates
for Outcome 2 (departmental)
2012-13
$'000
2013-14
$'000
2014-15
$'000
2015-16
$'000
1,099,021
30
30
30
1,099,021
30
30
30
(805)
-
(905)
(593)
(905)
(783)
(905)
(905)
-
(100)
(100)
(100)
(805)
(1,598)
(1,788)
(1,910)
5,000
-
-
-
5,000
-
-
-
2.1
(269)
(25,062)
(213)
(204)
(83,892)
(213)
(269)
45,572
(213)
(312)
21,036
2.2
(712)
(719)
(725)
(733)
(26,043)
(85,028)
44,365
19,778
1.2
1.1
2.1
18
Finance Additional Estimates Statements
Table 1.4: Additional Estimates and Variations to Outcomes from Other
Variations (continued)
Program
impacted
Outcome 3
Increase in estimates (administered)
Adjustment to Travel Allowance
for MOP(S) Act Staff
Adjustment to Travel Allowance
for Senators and Members
Increase in Charter Allowance
Increase Salary for Ministers of
State
Multi-function Devices
MOP(S) Enterprise Agreement
Decrease in estimates (administered)
Economic Parameter Update
Parliamentary Staff Administration
Net impact on estimates
for Outcome 3 (administered)
Increase in estimates (departmental)
Parliamentary Staff Administration
Decrease in estimates (departmental)
Departmental Targeted Savings
Economic Parameter Update
Net impact on estimates
for Outcome 3 (departmental)
2012-13
$'000
2013-14
$'000
2014-15
$'000
2015-16
$'000
3.1
201
241
241
241
3.1
3.1
109
21
131
21
131
21
131
21
3.1
3.1
3.1
139
386
27,437
139
922
21,084
139
915
26,234
139
908
26,234
3.1
(57)
(475)
(58)
(251)
(60)
(260)
(61)
28,236
22,005
27,370
27,353
55
56
56
57
(269)
-
(213)
(197)
(213)
(261)
(213)
(302)
(214)
(354)
(418)
(458)
3.1
Note: This table has been prepared on an appropriation basis. A positive amount indicates an increase to
Finance’s appropriations while a negative amount indicates a decrease to Finance’s appropriations.
19
Finance Additional Estimates Statements
1.5 BREAKDOWN OF ADDITIONAL ESTIMATES BY APPROPRIATION
BILL
The following tables detail the Additional Estimates sought for Finance through
Appropriation Bills No. 3 and No. 4.
Table 1.5: Appropriation Bill (No. 3) 2012-13
ADMINISTERED ITEMS
Outcome 1
Informed decisions on Government
finances and regulatory practices
through: policy advice; implementing
frameworks; and providing
financial advice, guidance
and assurance.
Outcome 2
Effective Government policy advice,
administration and operations
through: oversight of Government
Business Enterprises;
Commonwealth property management
and construction; risk management;
and providing ICT services.
Outcome 3
Support for Parliamentarians, others
with entitlements and organisations
as approved by Government through
the delivery of entitlements and
targeted assistance.
Total
2011-12
Available
$'000
2012-13
Budget
$'000
2012-13
Revised
$'000
Additional
Estimates
$'000
Reduced
Estimates
$'000
14,689
11,434
11,434
-
-
681
697
697
-
-
236,954
252,324
239,937
252,068
267,524
279,655
27,587
27,587
-
20
Finance Additional Estimates Statements
Table 1.5: Appropriation Bill (No. 3) 2012-13 (continued)
DEPARTMENTAL PROGRAMS
Outcome 1
Informed decisions on Government
finances and regulatory practices
through: policy advice; implementing
frameworks; and providing
financial advice, guidance
and assurance.
Outcome 2
Effective Government policy advice,
administration and operations
through: oversight of Government
Business Enterprises;
Commonwealth property management
and construction; risk management;
and providing ICT services.
Outcome 3
Support for Parliamentarians, others
with entitlements and organisations
as approved by Government through
the delivery of entitlements and
targeted assistance.
Total
Total administered and
departmental
2011-12
Available
$'000
2012-13
Budget
$'000
2012-13
Revised
$'000
Additional
Estimates
$'000
Reduced
Estimates
$'000
131,441
122,069
121,264
-
(805)
69,545
129,507
130,026
-
519
43,377
244,363
39,691
291,267
39,477
290,767
-
(214)
(500)
496,687
543,335
570,422
27,587
(500)
Note: Outcome allocations for departmental Appropriation Bill 3 amounts are notional only. These amounts
may change in the course of the budget year as Government priorities change.
Table 1.6: Appropriation Bill (No. 4) 2012-13
2011-12
Available
$'000
2012-13
Budget
$'000
2012-13
Revised
$'000
Additional
Estimates
$'000
Reduced
Estimates
$'000
Non-operating
Equity injections
Administered assets and liabilities
208,000
1,789
190,464
6,822
165,402
11,822
5,000
(25,062)
-
Total
209,789
197,286
177,224
5,000
(25,062)
21
Finance Additional Estimates Statements
SECTION 2: REVISIONS TO AGENCY RESOURCES AND PLANNED
PERFORMANCE
2.1
RESOURCES AND PERFORMANCE INFORMATION
No changes have been made to Finance’s outcome structure since the
2012-13 PB Statements. Changes to programs from Additional Estimates are detailed
on pages 23-36. Complete details of Finance’s outcomes and performance information
can be found in the 2012-13 PB Statements.
Outcome 1
Outcome 1 Strategy

No changes have been made to this outcome strategy since the 2012-13 PB
Statements.
22
Finance Additional Estimates Statements
Table 2.1.1 Budgeted Expenses and Resources for Outcome 1
Outcome 1: Informed decisions on Government finances
and regulatory practices through: policy advice;
implementing frameworks; and providing financial advice,
guidance and assurance.
Program 1.1: Budget, Financial Management,
Better Regulation and Procurement Framework
Administered expenses
Ordinary annual services (Appropriation Act No. 1 & Bill No. 3)
Central Banking Agreement
Departmental expenses
Ordinary annual services (Appropriation Act No. 1 & Bill No. 3)
Departmental Appropriations 1
Budget Advice
Financial Reporting
Financial Framework
Deregulation and Regulatory Reform
Procurement Framework
Special Accounts
Coordinated Procurement Contracting
Special Account 2
Expenses not requiring appropriation in the Budget year 3
Total for Program 1.1
Program 1.2: Public Sector Superannuation
Administered expenses
Ordinary annual services (Appropriation Act No. 1 & Bill No. 3)
Act of Grace Nominal Interests
Compensation and Legal Expenses
Superannuation Administration Costs
Special Appropriations
Federal Magistrates Act 1999 Section 9G
Governance of Australian
Government Superannuation
Schemes Act 2011
Governor-General Act 1974
Judges' Pensions Act 1968
Parliamentary Contributory Superannuation Act 1948
Parliamentary Superannuation Act 2004
Same-Sex Relationships (Equal Treatment in Commonwealth
Laws - Superannuation) Act 2009
Superannuation Act 1922
Superannuation Act 1976
Superannuation Act 1990
Superannuation Act 2005
Superannuation Legislation (Consequential Amendments and
Transitional Provisions) Act 2011
23
2011-12
Actual
Expenses
$'000
2012-13
Revised
estimated
expenses
$'000
1,845
-
52,924
25,342
22,226
13,919
9,603
55,068
19,927
22,703
11,831
9,327
83,978
6,027
76,425
5,604
215,864
200,885
3,651
394
12,223
650
500
10,283
675
1,355
366
940
72,600
52,307
3,506
730
828
75,300
57,350
4,200
558
49,150
3,317,863
2,956,107
-
61
31,153
2,717,411
5,062,377
-
-
-
Finance Additional Estimates Statements
Table 2.1.1 Budgeted Expenses and Resources for Outcome 1 (continued)
Outcome 1: Informed decisions on Government finances
and regulatory practices through: policy advice;
implementing frameworks; and providing financial advice,
guidance and assurance.
Departmental expenses
Departmental Appropriations 1
Public Sector Superannuation
Expenses not requiring appropriation in the Budget year
3
Total for Program 1.2
Program 1.3: Nation Building Funds
Administered expenses
Special Accounts
Building Australia Fund Special Account
Education Investment Fund Special Account
Health and Hospitals Fund Special Account
Total for Program 1.3
Outcome 1 Totals by appropriation type
Administered Expenses
Ordinary annual services (Appropriation Act No. 1 & Bill No. 3)
Special Appropriations
Special Accounts
Departmental expenses
Departmental Appropriations 1
Expenses not requiring appropriation in the Budget year 3
Total expenses for Outcome 1
Average Staffing Level (number)
2011-12
Actual
Expenses
$'000
2012-13
Revised
estimated
expenses
$'000
13,458
360
13,001
364
6,484,158
7,975,563
2,517,080
994,466
1,390,635
796,311
503,462
723,686
4,902,181
2,023,459
18,113
6,454,072
4,986,159
11,433
7,950,765
2,099,884
137,472
6,387
131,857
5,968
11,602,203
10,199,907
2011-12
711
2012-13
868
1. Departmental Appropriation combines ‘Ordinary annual services (Appropriation Act No. 1 & Bill No. 3)’
and ‘Revenue from Independent Sources (s31)’.
2. The Coordinated Procurement Contracting Special Account expenses include expenses for ICT-related
coordinated procurement activities. The policy for ICT coordinated procurement activities is provided
under Outcome 2 (Australian Government Information Management Office).
3. “Expenses not requiring appropriation in the Budget year” is made up of Depreciation Expense,
Amortisation Expense, and Resources Received Free of Charge.
Note: Departmental appropriation splits and totals are indicative estimates and may change in the course of
the budget year as government priorities change.
24
Finance Additional Estimates Statements
Contributions to Outcome 1
Program 1.1: Budget, Financial
Procurement Framework
Management,
Better
Regulation
and
Program 1.1 Objective

No changes have been made to the Program Objective since the
2012-13 PB Statements.
Program 1.1: Budget, Financial Management, Better Regulation and Procurement
Framework
2011-12
Actuals
Annual administered expenses
Central Banking Agreement
Annual departmental expenses
Budget Advice
Financial Reporting
Financial Framework
Deregulation and Regulatory Reform
Procurement Framework
Coordinated Procurement Contracting
Special Account 1
Expenses not requiring appropriation in
the Budget year 2
Total program expenses
$'000
2012-13
Revised
budget
$'000
2013-14
Forward
year1
$'000
2014-15
Forward
year2
$'000
2015-16
Forward
year3
$'000
1,845
-
-
-
-
52,924
25,342
22,226
13,919
9,603
55,068
19,927
22,703
11,831
9,327
55,559
13,585
19,257
11,787
9,377
56,404
13,592
19,191
11,943
9,368
56,758
13,658
19,590
12,004
9,413
83,978
76,425
78,420
76,956
79,446
6,027
5,604
12,936
13,274
13,275
215,864
200,885
200,921
200,728
204,144
1. The Coordinated Procurement Contracting Special Account expenses include expenses for ICT-related
coordinated procurement activities. The policy for ICT coordinated procurement activities is provided
under Outcome 2 (Australian Government Information Management Office).
2. “Expenses not requiring appropriation in the Budget Year” is made up of Depreciation Expense,
Amortisation Expense and Resources Received Free of Charge.
Program 1.1 Deliverables

No changes have been made to the Program Deliverables since the
2012-13 PB Statements.
Program 1.1 Key Performance Indicators

No changes have been made to the Program Key Performance Indicators since
the 2012-13 PB Statements.
25
Finance Additional Estimates Statements
Program 1.2: Public Sector Superannuation
Program Objective

No changes have been made to the Program Objective since the
2012-13 PB Statements.
Program 1.2: Public Sector Superannuation
2011-12
Actuals
Annual administered expenses
Act of Grace Nominal Interests
Compensation and Legal Expenses
Superannuation Administration Costs
Special appropriations
Federal Magistrates Act 1999 Section 9G
Governance of Australian
Government Superannuation
Schemes Act 2011
Governor-General Act 1974
Judges' Pensions Act 1968
Parliamentary Contributory
Superannuation Act 1948
Parliamentary Superannuation
Act 2004
Same-Sex Relationships (Equal
Treatment in Commonwealth
Laws - Superannuation) Act 2008
Superannuation Act 1922
Superannuation Act 1976
Superannuation Act 1990
Superannuation Act 2005
Superannuation Legislation
(Consequential Amendments and
Transitional Provisions) Act 2011
Annual departmental expenses
Public Sector Superannuation
Expenses not requiring appropriation
in the Budget year 1
Total program expenses
$'000
2012-13
Revised
budget
$'000
2013-14
Forward
year 1
$'000
2014-15
Forward
year 2
$'000
2015-16
Forward
year 3
$'000
3,651
394
12,223
650
500
10,283
592
500
10,283
527
500
10,283
456
500
10,283
675
1,355
1,457
1,556
1,654
366
940
72,600
730
828
75,300
730
828
78,200
730
828
81,500
730
828
83,000
52,307
57,350
56,100
54,500
55,600
3,506
4,200
4,704
5,276
5,487
558
49,150
3,317,863
2,956,107
-
61
31,153
2,717,411
5,062,377
-
54
45,000
3,390,000
3,386,000
-
48
41,000
3,363,000
3,545,000
-
40
38,000
3,353,000
3,693,000
-
-
-
-
-
-
13,458
13,001
12,308
8,965
8,819
360
364
417
419
419
6,484,158
7,975,563
6,987,173
7,114,132
7,251,816
1. “Expenses not requiring appropriation in the Budget Year” is made up of Depreciation Expense,
Amortisation Expense and Resources Received Free of Charge.
26
Finance Additional Estimates Statements
Program 1.2 Deliverables

No changes have been made to the Program Deliverables since the
2012-13 PB Statements.
Program 1.2 Key Performance Indicators

No changes have been made to the Program Key Performance Indicators since
the 2012-13 PB Statements.
27
Finance Additional Estimates Statements
Program 1.3: Nation Building Funds
Program Objective

No changes have been made to the Program Objective since the
2012-13 PB Statements.
Program 1.3: Nation Building Funds
2011-12
Actuals
Special Account Expenses
Building Australia Fund Special
Account
Education Investment Fund
Special Account
Health and Hospitals Fund
Special Account
Total program expenses
$'000
2012-13
Revised
budget
$'000
2013-14
Forward
year 1
$'000
2014-15
Forward
year 2
$'000
2015-16
Forward
year 3
$'000
2,517,080
796,311
1,053,507
568,278
755,288
994,466
503,462
317,504
268,837
224,452
1,390,635
723,686
583,397
472,889
535,055
4,902,181
2,023,459
1,954,408
1,310,004
1,514,795
Program 1.3 Deliverables

No changes have been made to the Program Deliverables since the
2012-13 PB Statements.
Program 1.3 Key Performance Indicators

No changes have been made to the Program Key Performance Indicators since
the 2012-13 PB Statements.
28
Finance Additional Estimates Statements
Outcome 2
Outcome 2 Strategy

No changes have been made to this outcome strategy since the 2012-13 PB
Statements.
Table 2.1.2 Budgeted Expenses and Resources for Outcome 2
Outcome 2: Effective Government policy advice,
administration and operations through: oversight
of Government Business Enterprises; Commonwealth
property management and construction; risk
management; and providing ICT services.
Program 2.1: Government Business
Administered expenses
Ordinary annual services (Appropriation Act No. 1 & Bill No. 3)
Grant in Aid - Animals Australia
Grant in Aid - Australian Institute of Policy and Science
Grant in Aid - Chifley Research Centre
Grant in Aid - Green Institute
Grant in Aid - Menzies Research Centre
Grant in Aid - Page Research Centre
Grant in Aid - Royal Humane Society of Australasia
Grant in Aid - RSPCA Australia Inc
Special Appropriations
Financial Management and Accountability Act 1997
Departmental expenses
Departmental Appropriations 1
Government Business Enterprises Ownerships and Divestment
Special Claims and Land Policy
Australian Government Information Management Office
Expenses not requiring appropriation in the Budget year 2
Special Accounts
Business Services Special Account
Total for Program 2.1
29
2011-12
Actual
Expenses
$'000
2012-13
Revised
estimated
expenses
$'000
32
204
77
204
77
24
32
33
33
208
78
208
78
24
33
286,800
-
22,606
4,346
31,041
3,971
23,556
3,762
30,130
3,761
33
-
349,447
61,904
Finance Additional Estimates Statements
Table 2.1.2 Budgeted Expenses and Resources for Outcome 2 (continued)
Outcome 2: Effective Government policy advice,
administration and operations through: oversight
of Government Business Enterprises; Commonwealth
property management and construction; risk
management; and providing ICT services.
$'000
2012-13
Revised
estimated
expenses
$'000
102,208
87,703
102,208
87,703
92,471
96,568
92,471
96,568
650
286,800
695
-
57,993
194,712
3,971
57,448
184,271
3,761
Total Expenses for Outcome 2
544,126
246,175
Average Staffing Level (number)
2011-12
516
2012-13
390
Program 2.2: Property and Construction
Departmental expenses
Property Special Account
Total for Program 2.2
Program 2.3: Insurance and Risk Management
Departmental expenses
Comcover Special Account
Total for Program 2.3
Outcome 2 totals by appropriation type:
Administered expenses
Ordinary annual services (Appropriation Act No. 1 & Bill No. 3)
Special Appropriations
Departmental expenses
Departmental Appropriations 1
Special Accounts
Expenses not requiring appropriation in the Budget year 2
2011-12
Actual
Expenses
1. Departmental Appropriation combines ‘Ordinary annual services (Appropriation Act No. 1 & Bill No. 3)’
and ‘Revenue from Independent Sources (s31)’.
2. “Expenses not requiring appropriation in the Budget Year” is made up of Depreciation Expense,
Amortisation Expense and Resources Received Free of Charge.
Note: Departmental appropriation splits and totals are indicative estimates and may change in the course of
the budget year as Government priorities change.
30
Finance Additional Estimates Statements
Contributions to Outcome 2
Program 2.1: Government Business and ICT
Program Objective

No changes have been made to the Program Objective since the
2012-13 PB Statements.
Program 2.1: Government Business and ICT
2011-12
Actuals
Annual administered expenses
Grant in Aid - Animals Australia
Grant in Aid - Australian Institute of
Policy and Science
Grant in Aid - Chifley Research Centre
Grant in Aid - Green Institute
Grant in Aid - Menzies Research Centre
Grant in Aid - Page Research Centre
Grant in Aid - Royal Humane Society
of Australasia
Grant in Aid - RSPCA Australia Inc
Annual departmental expenses
Government Business Enterprises
Ownership and Divestment
Special Claims and Land Policy
Australian Government Information
Management Office
Expenses not requiring appropriation in
the Budget year 1
Special Account Expenses
Business Services Special Account
$'000
2012-13
Revised
budget
$'000
2013-14
Forward
year 1
$'000
2014-15
Forward
year 2
$'000
2015-16
Forward
year 3
$'000
32
33
34
35
35
204
77
204
77
33
208
78
208
78
34
213
80
213
80
35
218
82
218
82
35
223
84
223
84
24
32
24
33
25
34
25
35
26
35
22,606
4,346
23,556
3,762
13,735
3,666
5,766
3,741
5,802
3,763
31,041
30,130
29,095
29,419
29,474
3,971
3,761
3,656
3,634
3,634
33
-
-
-
-
Special Appropriations
Financial Management and
Accountability Act 1997
286,800
-
-
-
-
Total program expenses
349,447
61,904
50,865
43,290
43,418
1. “Expenses not requiring appropriation in the Budget Year” is made up of Depreciation Expense,
Amortisation Expense and Resources Received Free of Charge.
31
Finance Additional Estimates Statements
Program 2.1 Deliverables

No changes have been made to the Program Deliverables since the
2012-13 PB Statements.
Program 2.1 Key Performance Indicators

No changes have been made to the Program Key Performance Indicators since
the 2012-13 PB Statements.
Program 2.2: Property and Construction
Program Objective

No changes have been made to the Program Objective since the
2012-13 PB Statements.
Program 2.2: Property and Construction
2011-12
Actuals
$'000
2012-13
Revised
budget
$'000
2013-14
Forward
year 1
$'000
2014-15
Forward
year 2
$'000
2015-16
Forward
year 3
$'000
Special Account Expenses
Property Special Account
102,208
87,703
110,274
78,302
79,646
Total program expenses
102,208
87,703
110,274
78,302
79,646
Program 2.2 Deliverables

No changes have been made to the Program Deliverables since the
2012-13 PB Statements.
Program 2.2 Key Performance Indicators

No changes have been made to the Program Key Performance Indicators since
the 2012-13 PB Statements.
32
Finance Additional Estimates Statements
Program 2.3: Insurance and Risk Management
Program Objective

No changes have been made to the Program Objective since the
2012-13 PB Statements.
Program 2.3: Insurance and Risk Management
2011-12
Actuals
$'000
2012-13
Revised
budget
$'000
2013-14
Forward
year 1
$'000
2014-15
Forward
year 2
$'000
2015-16
Forward
year 3
$'000
Special Account Expenses
Comcover Special Account
92,471
96,568
100,560
104,507
108,748
Total program expenses
92,471
96,568
100,560
104,507
108,748
Program 2.3 Deliverables

No changes have been made to the Program Deliverables since the
2012-13 PB Statements.
Program 2.3 Key Performance Indicators

No changes have been made to the Program Key Performance Indicators since
the 2012-13 PB Statements.
33
Finance Additional Estimates Statements
Outcome 3
Outcome 3 Strategy

No changes have been made to this outcome strategy since the 2012-13 PB
Statements.
Table 2.1.3 Budgeted Expenses and Resources for Outcome 3
Outcome 3: Support for Parliamentarians, others with
entitlements and organisations as approved by
Government through the delivery of entitlements and
targeted assistance.
$'000
2012-13
Revised
estimated
expenses
$'000
250,706
556
263,480
849
3,935
8,942
136,253
20,066
4,719
3,172
157,700
13,787
42,426
1,997
2,138
38,361
2,190
2,512
467,019
486,770
251,262
149,130
20,066
264,329
165,591
13,787
44,423
2,138
40,551
2,512
Total expenses for Outcome 3
467,019
486,770
Average Staffing Level (number)
2011-12
309
2012-13
272
Program 3.1: Ministerial and Parliamentary Services
Administered expenses
Ordinary annual services (Appropriation Act No. 1 & Bill No. 3)
Electorate and Ministerial support costs
Political exchange program
Special appropriations
Commonwealth of Australia Constitution Act 1901 (s.66)
Members of Parliament (Life Gold Pass) Act 2002
Parliamentary Entitlements Act 1990
Expenses not requiring appropriation in the Budget year 1
Departmental expenses
Ordinary annual services (Appropriation Act No. 1 & Bill No. 3)
Services to Senators, Members and their staff
Car-with-driver and associated transport services
Expenses not requiring appropriation in the Budget year 1
Total for Program 3.1
Outcome 3 Totals by appropriation type
Administered expenses
Ordinary annual services (Appropriation Act No. 1 & Bill No. 3)
Special appropriations
Expenses not requiring appropriation in the Budget year 1
Departmental expenses
Ordinary annual services (Appropriation Act No. 1 & Bill No. 3)
Expenses not requiring appropriation in the Budget year 1
2011-12
Actual
Expenses
1. “Expenses not requiring appropriation in the Budget Year” is made up of Depreciation Expense,
Amortisation Expense and Resources Received Free of Charge.
Note: Departmental appropriation splits and totals are indicative estimates and may change in the course of
the budget year as Government priorities change.
34
Finance Additional Estimates Statements
Contributions to Outcome 3
Program 3.1: Ministerial and Parliamentary Services
Program Objective

No changes have been made to the Program Objective since the
2012-13 PB Statements.
Program 3.1: Ministerial and Parliamentary Services
2011-12
Actuals
Annual administered expenses
Electorate and Ministerial Support
Costs
Political Exchange Program
Special Appropriations
Commonwealth of Australia
Constitution
Act 1901 (s.66)
Members of Parliament (Life Gold
Pass)
Act 2002
Parliamentary Entitlements Act 1990
Expenses not requiring appropriation in
the Budget year 1
Annual departmental expenses
Services to Senators, Members and
their Staff
Car-with-driver and Associated
Transport
Services
Expenses not requiring appropriation in
the Budget year 1
Total program expenses
$'000
2012-13
Revised
budget
$'000
2013-14
Forward
year 1
$'000
2014-15
Forward
year 2
$'000
2015-16
Forward
year 3
$'000
250,706
263,480
261,196
267,529
268,433
556
849
859
879
895
3,935
4,719
4,719
4,719
4,719
8,942
136,253
3,172
157,700
3,222
164,016
3,290
162,686
3,350
165,798
20,066
13,787
12,800
12,795
12,782
42,426
38,361
38,101
38,660
38,878
1,997
2,190
2,188
2,219
2,231
2,138
2,512
2,498
2,509
2,509
467,019
486,770
489,599
495,286
499,595
1. “Expenses not requiring appropriation in the Budget Year” is made up of Depreciation Expense,
Amortisation Expense and Resources Received Free of Charge.
35
Finance Additional Estimates Statements
Program 3.1 Deliverables

No changes have been made to the Program Deliverables since the
2012-13 PB Statements.
Program 3.1 Key Performance Indicators

No changes have been made to the Program Key Performance Indicators since
the 2012-13 PB Statements.
36
Finance Additional Estimates Statements
SECTION 3: EXPLANATORY TABLES AND BUDGETED FINANCIAL
STATEMENTS
3.1
EXPLANATORY TABLES
Estimates of Special Account Flows
Special accounts provide a means to set aside and record amounts used for specified
purposes. Table 3.1.1 shows the expected additions (receipts) and reductions
(payments) for each account used by Finance. The corresponding table in the
2012-13 PB Statements is Table 3.1.2.
37
Finance Additional Estimates Statements
Table 3.1.1: Estimates of Special Account Flows
Outcome
Opening
balance
2012-13
2011-12
$'000
32
Receipts
2012-13
2011-12
$'000
1,867,261
15,300,963
Payments
2012-13
2011-12
$'000
(1,867,261)
(15,300,995)
Adjustments
2012-13
2011-12
$'000
-
Closing
balance
2012-13
2011-12
$'000
-
Building Australia Fund 1
- s21 FMA Act (A)
1
Education Investment Fund 1
- s21 FMA Act (A)
1
26
791,134
8,995,432
(791,134)
(8,995,458)
-
-
Health and Hospitals Fund 1
- s21 FMA Act (A)
1
25
841,198
7,967,608
(841,198)
(7,967,633)
-
-
N/A
257
-
257
-
-
257
257
2
901
928
5
(32)
-
901
901
2
256,631
240,047
97,615
126,554
(96,680)
(109,970)
-
257,566
256,631
2
226,837
242,579
177,086
276,425
(254,317)
(292,167)
-
149,606
226,837
2
42,084
33,712
77,101
93,180
(76,538)
(84,808)
-
42,647
42,084
Total Special Accounts
2012-13 Budget estimate
526,710
3,851,395
(3,927,128)
-
450,977
Total Special Accounts
2011-12 actual
517,349
32,760,424
(32,751,063)
-
526,710
Other Trust Monies 2
- s20 FMA Act (A)
Business Services Special
Account - s20 FMA Act (D)
Comcover Special Account
- s20 FMA Act (D)
3
Property Special Account
- s20 FMA Act (D)
Coordinated Procurement
Contracting Special Account
- s20 FMA Act (D)
(A) = Administered
(D) = Departmental
1. The Nation Building Funds special accounts form part of the Nation Building Funds. Their balances are
estimated at zero. More information on the Nation Building Funds is set out in the tables on the following
pages. The 2011-12 figures for the Nation Building Funds relates to turnover of investments held
relating to the Funds. 2012-13 figures do not include this turnover as this is not possible to estimate.
2. Represents monies held in trust for other persons and is therefore not included in Finance’s price of
outputs. Budget and forward estimates are not included as future transactions cannot be anticipated.
3. Interest Equivalency Payment for Comcover decreases from $15.0m (2011-12) to $13.1m (2012-13).
The Lands Acquisition Account (Lands Acquisition Act 1989) [Special Public Money] has not been included
in the table above as it is not currently active.
38
Finance Additional Estimates Statements
Table 3.1.1.1: Estimates of Fund Balances
Actual
Outcome
Building Australia Fund 1
Opening balance
Revenues and Gains
Investment Earnings and Gains
Expenses
Management Fees
Transfers to Portfolio Special
Accounts for project payments 2
BAF Infrastructure Portfolio
Special Account
BAF Communications
Portfolio Special Account 3
Closing balance
2011-12
$'000
Revised
budget
2012-13
$'000
Forward
estimate
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
8,192,825
5,874,979
4,454,344
3,576,301
3,154,179
390,947
248,513
175,466
146,155
124,073
(8,522)
(5,912)
(4,509)
(3,777)
(3,188)
(2,236,700)
(1,129,400)
(1,049,000)
(564,500)
(752,100)
(463,571)
(533,836)
-
-
-
5,874,979
4,454,344
3,576,301
3,154,179
2,522,964
1
1. The Building Australia Fund (BAF) consists of the BAF Special Account and investments of the BAF.
The investments are managed by the Future Fund Board of Guardians. The Special Account is used to
record all transactions relating to the BAF, including interest received and payments.
2. The transfers relate to projects approved at the time of the Portfolio Additional Estimates. Amounts to be
paid to the States and Territories may be transferred, through the relevant BAF Portfolio Special
Account, to the COAG Reform Fund Special Account. Amounts also include payments classified as
equity transfers in the budgeted financial statements.
3. Transfers to the BAF Communications Portfolio Special Account relate to eligible National Broadband
Network matters.
39
Finance Additional Estimates Statements
Table 3.1.1.2: Estimates of Fund Balances
Actual
Outcome
Education Investment
Fund 1
Opening Balance
Revenues and Gains
Investment Earnings and
Gains
Expenses
Management Fees
Transfers to Portfolio Special
Accounts for project
payments 2
EIF Education Portfolio
Special Account
EIF Research Portfolio
Special Account
Closing Balance
2011-12
$'000
Revised
budget
2012-13
$'000
Forward
estimate
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
4,899,380
4,296,021
3,846,514
3,677,018
3,564,448
249,254
190,586
162,507
156,269
152,172
(6,093)
(5,145)
(4,748)
(4,569)
(4,452)
(429,423)
(231,674)
(161,615)
(155,736)
(220,000)
1
(417,097)
(403,274)
(165,640)
(108,534)
-
4,296,021
3,846,514
3,677,018
3,564,448
3,492,168
1. The Education Investment Fund (EIF) consists of the EIF Special Account and investments of the EIF.
The investments are managed by the Future Fund Board of Guardians. The Special Account is used to
record all transactions relating to the EIF, including interest received and payments.
2. The transfers relate to projects approved at the time of the Portfolio Additional Estimates. Amounts to be
paid to the States and Territories may be transferred, through the EIF Education Portfolio Special
Account, to the COAG Reform Fund Special Account.
40
Finance Additional Estimates Statements
Table 3.1.1.3: Estimates of Fund Balances
Actual
Outcome
Health and Hospitals
Fund 1
Opening Balance
2011-12
$'000
Revised
budget
2012-13
$'000
Forward
estimate
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
4,345,659
3,313,307
2,735,981
2,261,571
1,878,950
146,360
108,986
90,266
72,291
(4,938)
(3,864)
(3,156)
(2,615)
(2,082)
(1,240,852)
(719,822)
(580,240)
(470,272)
(532,974)
3,313,307
2,735,981
2,261,571
1,878,950
1,416,185
1
Revenues and Gains
Investment Earnings and Gains
Expenses
Management Fees
Transfers to Portfolio
Special
Accounts for project payments
HHF Health Portfolio
Special Account
Closing Balance
213,438
1. The Health and Hospitals Fund (HHF) consists of the HHF Special Account and investments of the HHF.
The investments are managed by the Future Fund Board of Guardians. The Special Account is used to
record all transactions relating to the HHF, including interest received and payments.
2. The transfers relate to projects approved at the time of the Portfolio Additional Estimates. Amounts to be
paid to the States and Territories may be transferred, through the HHF Health Portfolio Special Account,
to the COAG Reform Fund Special Account.
41
Finance Additional Estimates Statements
3.2
BUDGETED FINANCIAL STATEMENTS
Analysis of Budgeted Financial Statements
Budgeted Departmental Income Statement
Finance is projecting for a $15.9 million surplus for 2012-13, down from the
$39.7 million projected at budget. This is primarily due to a reduction in expected
rental incomes from the Commonwealth Law Courts and delays in the completion of
the ASIO central office building in Russell, ACT. Appropriation revenue has decreased
by $0.5 million since budget due primarily to the impact of savings contained within
the “Making the Public Service more efficient” media release by the Finance Minister
of 25 September 2012.
Budget Departmental Balance Sheet
The budgeted equity position for 2012-13 of $1,958.1 million is $168.6 million lower
than the $2,126.7 million projected at budget. This is primarily due to a reduction in
the expected value of the department’s property portfolio at the 2011-12 financial
statements.
Schedule of Administered Activity
Schedule of Budgeted Income and Expenses Administered on Behalf of
Government
Estimated administered income for 2012-13 has decreased by $39.7 million to
$2,569.5 million from the $2,609.2 million projected at budget. This is primarily due to
revisions in earnings on the Nation Building Funds.
Estimated administered expenses for 2012-13 have increased to $10,430.1 million from
the $9,433.7 million reported at budget. This increase is primarily due to revisions to
superannuation estimates.
Schedule of Budget Assets and Liabilities Administered on Behalf of
Government
Administered assets are estimated to total $15,244.6 million by 30 June 2013, down
from the $15,593.8 million reported at budget. This decrease is primarily due to
adjustments to the Nation Building Fund estimates at MYEFO.
Administered liabilities are estimated to total $93,604.2 million by 30 June 2012, down
from the $94,329.3 million reported at budget. This decrease is due mainly to a
revision of superannuation estimates.
42
Finance Additional Estimates Statements
Table 3.2.1: Budgeted Departmental Comprehensive Income Statement (Showing
Net Cost of Services) (for the period ended 30 June)
Actual
2011-12
$'000
Revised
budget
2012-13
$'000
Forward
estimate
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
EXPENSES
Employee benefits
Suppliers
Depreciation and amortisation 1
Net losses from asset sales 2
Insurance claims
Other expenses
Total expenses
184,354
202,325
18,971
831
37,272
87,324
531,077
182,037
201,264
17,504
4,347
82,809
16,500
504,461
181,391
177,284
25,086
86,651
16,500
486,912
179,385
159,654
25,767
90,532
16,500
471,838
179,899
170,230
26,128
559
94,589
16,500
487,905
LESS
OWN-SOURCE INCOME
Own-source revenue
Sale of goods and rendering of services
Interest
Rental income
Insurance premiums
Other revenue
Total own-source revenue
113,687
6,051
88,806
101,496
10,894
320,934
91,776
53,714
84,523
7,337
237,350
93,852
73,349
88,327
8,230
263,758
94,074
73,366
92,301
8,315
268,056
94,300
74,856
96,455
8,541
274,152
11,050
5,822
16,872
6,805
1,376
8,181
20,358
5,819
1,376
27,553
20,213
3,136
1,376
24,725
6,075
1,376
7,451
Total own-source income
337,806
245,531
291,311
292,781
281,603
Net cost of (contribution by)
services
193,271
258,930
195,601
179,057
206,302
Revenue from Government
235,495
274,833
256,177
235,578
243,982
42,224
15,903
60,576
56,521
37,680
-
-
-
-
-
Surplus (Deficit) attributable to
the Australian Government
42,224
15,903
60,576
56,521
37,680
Total comprehensive income (loss)
attributable to the Australian
Government
42,224
15,903
60,576
56,521
37,680
Gains
Gains on valuation of investment property
Net gains from disposal 2
Other gains 3
Total gains
Surplus (Deficit) before income tax
Income tax expense
43
Finance Additional Estimates Statements
Table 3.2.1: Budgeted Departmental Comprehensive Income Statement (Showing
Net Cost of Services) (for the period ended 30 June) (continued)
Note: Impact of Net Cash Appropriation Arrangements
2011-12
$'000
Total Comprehensive Income
(loss) less depreciation/amortisation
expenses previously funded through
revenue appropriations.
56,094
plus depreciation/amortisation expenses
previously funded through revenue
appropriations 1
2012-13
$'000
2013-14
$'000
2014-15
$'000
2015-16
$'000
28,168
80,100
76,378
57,540
(13,870)
(12,265)
(19,524)
(19,857)
(19,860)
42,224
15,903
60,576
56,521
37,680
Total Comprehensive Income
(loss) - as per the Statement of
Comprehensive Income
Prepared on Australian Accounting Standards basis.
1. Depreciation and amortisation expenses highlighted under “Expenses” represents total depreciation and
amortisation expenses for Finance. The “non-appropriated” depreciation and amortisation figure at the
bottom of this table is net of depreciation expenses associated with Finance’s property portfolio and
wholly contained within the Property Special Account.
2. Represents the net gain/loss from the Australian Government’s non-Defence property divestment
program within Australia.
3. Other gains from the revised budget year onwards represent resources received free of charge for
financial statement audit services from the Australian National Audit Office (ANAO). The actual year
(2011-12) includes assets first found.
44
Finance Additional Estimates Statements
Table 3.2.2: Budgeted Departmental Balance Sheet (as at 30 June)
Actual
2011-12
$'000
Revised
budget
2012-13
$'000
Forward
estimate
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
ASSETS
Financial assets
Cash and cash equivalents 1
Trade and other receivables 2
Other financial assets
Total financial assets
4,989
785,660
9,414
800,063
5,000
715,123
9,414
729,537
5,000
762,339
9,414
776,753
5,000
749,830
9,414
764,244
5,000
743,605
9,414
758,019
Non-financial assets
Land and buildings 3
Property, plant and equipment
Investment property 3
Intangibles
Other non-financial assets 4
Total non-financial assets
815,243
11,186
582,857
63,272
3,584
1,476,142
774,912
25,730
580,801
54,243
264,908
1,700,594
742,850
26,392
622,692
58,924
518,016
1,968,874
730,639
25,982
642,905
61,704
829,602
2,290,832
724,367
25,514
648,980
63,716
208,430
1,671,007
Total assets
2,276,205
2,430,131
2,745,627
3,055,076
2,429,026
LIABILITIES
Payables
Suppliers
Return of Equity
Other payables
Total payables
21,650
42,296
67,053
130,999
28,198
47,526
67,820
143,544
34,746
63,257
68,587
166,590
41,294
39,964
69,354
150,612
47,842
39,185
70,121
157,148
Provisions
Employee provisions
Outstanding Insurance Claims
Other provisions
Total provisions
62,221
257,059
6,784
326,064
64,653
257,059
6,784
328,496
67,085
257,059
6,784
330,928
69,517
257,059
6,784
333,360
71,949
257,059
6,784
335,792
Total liabilities
457,063
472,040
497,518
483,972
492,940
1,819,142
1,958,091
2,248,109
2,571,104
1,936,086
Net assets
45
Finance Additional Estimates Statements
Table 3.2.2: Budgeted Departmental Balance Sheet (as at 30 June) (continued)
EQUITY 5
Parent entity interest
Contributed equity
Reserves
Retained surplus
(accumulated deficit)
Total equity
Estimated
actual
Budget
estimate
Forward
estimate
Forward
estimate
Forward
estimate
2011-12
$'000
2012-13
$'000
2013-14
$'000
2014-15
$'000
2015-16
$'000
1,482,290
119,790
1,606,915
119,790
1,836,357
119,790
2,102,831
119,790
1,430,133
119,790
217,062
1,819,142
231,386
1,958,091
291,962
2,248,109
348,483
2,571,104
386,163
1,936,086
Prepared on Australian Accounting Standards basis.
1. The departmental cash balance is maintained at $5m. Cash in excess of this balance is returned to the
Official Public Account, recorded as a receivable, and drawn down as required.
2. Primarily represents appropriations receivable (including capital appropriation) and the Special Accounts.
3. Represents properties in the Australian Government’s non-Defence property portfolio. For 2011-12,
work in progress (WIP) amounts are included in these balances.
4. From 2012-13 onwards, primarily represents WIP for capital projects such as property construction and
software development. Upon completion, assets will be transferred from WIP and capitalised.
5. ‘Equity’ is the residual interest in assets after deduction of liabilities.
46
Finance Additional Estimates Statements
Table 3.2.3: Departmental Statement of Changes in Equity — Summary of
Movement (Budget Year 2012-13)
Retained
earnings
Contributed
equity/
capital
$'000
Total
equity
$'000
Asset
revaluation
reserve
$'000
217,062
217,062
119,790
119,790
1,482,290
1,482,290
1,819,142
1,819,142
Comprehensive income
Surplus (deficit) for the period
15,903
-
-
15,903
Total comprehensive income
15,903
-
-
15,903
(1,579)
-
(43,322)
(44,901)
(1,579)
-
165,402
8,290
(5,745)
124,625
165,402
8,290
(5,745)
123,046
231,386
119,790
1,606,915
1,958,091
Opening balance as at 1 July 2012
Balance carried forward from
previous period
Adjusted opening balance
Transactions with owners
Distributions to owners
Returns of capital
Distribution of equity
Contributions by owners
Equity Injection - Appropriation 1
Departmental Capital Budget (DCBs)
Assets transferred in (out) 2
Total transactions with owners
Estimated closing balance
as at 30 June 2013
Prepared on Australian Accounting Standards basis.
1. Equity injections for construction and IT projects.
2. Represents transfer of assets from / to other Australian Government agencies.
47
$'000
Finance Additional Estimates Statements
Table 3.2.4: Budgeted Departmental Statement of Cash Flows
(for the period ended 30 June)
Actual
OPERATING ACTIVITIES
Cash received
Goods and services
Appropriations
Insurance premiums
Reinsurance and
other recoveries
Cash transfer from OPA
Rent received
Total cash received
Cash used
Employees
Suppliers
Insurance claims
Cash transfer to OPA
Other
Total cash used
Net cash from or (used by)
operating activities
INVESTING ACTIVITIES
Cash received
Proceeds from sales of assets
Total cash received
Cash used
Purchase of assets
Total cash used
Net cash from or (used by)
investing activities
2011-12
$'000
Revised
budget
2012-13
$'000
Forward
estimate
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
201,524
226,635
99,698
92,048
282,477
84,523
94,124
256,177
88,327
94,346
235,578
92,301
94,572
243,982
96,455
10,060
6,287
544,204
243,518
53,714
756,280
327,506
73,349
839,483
333,811
73,366
829,402
92,316
74,856
602,181
173,041
219,380
71,058
28,879
5,418
497,776
179,605
194,716
82,809
175,301
16,500
648,931
178,959
170,736
86,651
368,466
16,500
821,312
176,953
153,106
90,532
311,682
16,500
748,773
177,467
163,682
94,589
76,241
16,500
528,479
46,428
107,349
18,171
80,629
73,702
204
204
580
580
36,162
36,162
10,000
10,000
-
252,442
252,442
243,518
243,518
327,506
327,506
333,811
333,811
92,316
92,316
(252,238)
(242,938)
(291,344)
(323,811)
(92,316)
48
Finance Additional Estimates Statements
Table 3.2.4: Budgeted Departmental Statement of Cash Flows
(for the period ended 30 June) (continued)
Actual
2011-12
$'000
Revised
budget
2012-13
$'000
Forward
estimate
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
249,689
249,689
173,692
173,692
316,495
316,495
302,235
302,235
54,374
54,374
Cash used
Capital repayments
40,521
38,092
43,322
59,053
35,760
Total cash used
40,521
38,092
43,322
59,053
35,760
209,168
135,600
273,173
243,182
18,614
3,358
11
-
-
-
1,631
4,989
5,000
5,000
5,000
4,989
5,000
5,000
5,000
5,000
FINANCING ACTIVITIES
Cash received
Appropriations contributed equity
Total cash received
Net cash from (used by)
financing activities
Net increase (decrease)
in cash held
Cash at the beginning of the
reporting period
Cash at the
end of the reporting period
Prepared on Australian Accounting Standards basis.
49
Finance Additional Estimates Statements
Table 3.2.5: Budgeted Departmental Capital Budget Statement
(for the period ended 30 June)
Actual
2011-12
$'000
Revised
budget
2012-13
$'000
Forward
estimate
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
NEW CAPITAL APPROPRIATIONS
Departmental Capital Budget - Act 1
Equity Injections - Act 2
Total new capital appropriations
16,631
208,000
224,631
8,290
165,402
173,692
10,921
305,574
316,495
11,191
291,044
302,235
11,280
43,094
54,374
Provided for
Purchase of non-financial assets
Total Items
224,631
224,631
173,692
173,692
316,495
316,495
302,235
302,235
54,374
54,374
16,631
261,513
8,290
228,439
10,921
306,017
11,191
313,171
11,279
71,663
10,676
288,820
6,787
243,516
10,570
327,508
9,450
333,812
9,375
92,317
84,783
421,633
74,399
22,224
713,489
(44,417)
248,454
(406,555)
228,438
(52,909)
306,018
(1,585)
313,173
(692,835)
71,663
288,820
243,516
327,508
333,812
92,317
PURCHASE OF NON-FINANCIAL
ASSETS
Funded by Departmental
Capital Budget - Act 1
Funded by Equity Injections - Act 2
Funded internally from
departmental resources 1
TOTAL
RECONCILIATION OF CASH
USED TO ACQUIRE ASSETS
TO ASSET MOVEMENT TABLE
Total asset additions
less acquisitions through
capitalisation of Work in Progress
plus additional Work in Progress
Total cash used to
acquire assets
1. Includes the following sources of funding:
a. Annual and prior year appropriations
b. Internally developed assets
c. Funds held in Special Accounts
d. Section 31 relevant agency receipts.
50
Finance Additional Estimates Statements
Table 3.2.6: Statement of Departmental Asset Movements (Budget Year 2012-13)
Land
Buildings
Investment
property
Computer
software and
intangibles
Total
$'000
Other
infrastructure,
plant and
equipment
$'000
$'000
$'000
$'000
$'000
Gross book value
Accumulated depreciation /
amortisation and impairment
323,630
462,642
31,744
227,529
44,313
1,089,858
Opening net book balance 1
-
(5,498)
(4,532)
-
(46,711)
(56,741)
323,630
457,144
27,212
227,529
(2,398)
1,033,117
CAPITAL ASSET ADDITIONS
Estimated expenditure on
new or replacement assets
By purchase/construction
- appropriation equity
By purchase/construction
- appropriation ordinary annual services
By purchase/construction
- internally funded
-
7,742
2,108
346,467
50,238
406,555
-
-
1,483
-
6,808
8,291
-
-
6,787
-
Total additions
-
7,742
10,378
346,467
57,046
421,633
Assets transferred in/(out)
Depreciation/amortisation expense
Disposals 2
Gains
-
(5,745)
(5,239)
(2,620)
-
(11,860)
-
6,805
(405)
-
(5,745)
(17,504)
(2,620)
6,805
Total other movements
-
(13,604)
(11,860)
6,805
(405)
(19,064)
Gross book value
Accumulated depreciation/amortisation
and impairment
323,630
462,019
42,122
580,801
101,359
1,509,931
-
(10,737)
(16,392)
-
(47,116)
(74,245)
Closing net book balance
323,630
451,282
25,730
580,801
54,243
1,435,686
As at 1 July 2012
6,787
Other movements
As at 30 June 2013
Prepared on Australian Accounting Standards basis.
1. Opening Balance is net of work in progress.
2. Proceeds may be returned to the Official Public Account.
51
Finance Additional Estimates Statements
Table 3.2.7: Schedule of Budgeted Income and Expenses Administered on behalf
of Government (for the period ended 30 June)
Actual
EXPENSES ADMINISTERED ON
BEHALF OF GOVERNMENT
Employee benefits
Suppliers
Superannuation 1
Transfers to Portolio
Special Accounts 2
Grants
Depreciation and amortisation
Write-down and impairment
of assets
Payments to CAC Bodies
Other expenses
Total expenses administered
on behalf of Government
LESS
OWN-SOURCE INCOME
Non-taxation revenue
Goods and services
Interest and Dividends 3
Superannuation Contributions
Other revenue
Total non-taxation revenue
Total own-source revenues
administered on behalf of
Government
4
2011-12
$'000
Revised
budget
2012-13
$'000
Forward
estimate
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
244,386
191,816
6,449,642
241,838
205,546
7,950,688
238,562
210,257
6,962,935
244,696
207,767
7,093,237
241,478
213,833
7,231,067
4,324,073
649
19,786
2,008,537
696
20,747
1,941,997
712
20,588
1,299,041
728
20,577
1,505,074
744
20,565
556,276
1,992
293,652
782
1,230
100
1,230
102
1,230
104
1,230
12,082,272
10,430,064
9,376,381
8,867,378
9,214,095
4,137
826,193
1,330,498
7,968
2,168,796
4,688
948,439
1,485,950
7,924
2,447,001
4,688
632,502
1,437,115
8,170
2,082,475
4,688
580,732
1,389,581
8,170
1,983,171
4,688
501,772
1,341,931
8,170
1,856,561
2,168,796
2,447,001
2,082,475
1,983,171
1,856,561
52
Finance Additional Estimates Statements
Table 3.2.7: Schedule of Budgeted Income and Expenses Administered on behalf
of Government (for the period ended 30 June) (continued)
Actual
2011-12
$'000
Revised
budget
2012-13
$'000
Forward
estimate
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
256,105
487,923
118,602
3,886
44,502
3,886
39,072
3,886
34,655
3,886
Gains
Sale of assets
Net foreign exchange gains
Other gains
Total gains administered
on behalf of Government
744,028
122,488
48,388
42,958
38,541
Total own-source income
administered on behalf of
Government
2,912,824
2,569,489
2,130,863
2,026,129
1,895,102
Net Cost of (contribution by)
Services
9,169,448
7,860,575
7,245,518
6,841,249
7,318,993
(9,169,448)
(7,860,575)
(7,245,518)
(6,841,249)
(7,318,993)
Surplus (Deficit)
Prepared on Australian Accounting Standards basis.
1. Represents expenses on the Australian Government’s unfunded civilian superannuation liabilities, which
are based on the Long Term Cost Report.
2. Transfers to Portfolio Special Accounts represents estimates of expenses to be transferred from the
Nation Building Funds to other agencies’ Special Accounts for projects. This summary includes
expenses, but not equity payments.
3. Estimates of interest include interest earnings for the three Nation Building Funds. A majority of Nation
Building Fund earnings are classified as gains in 2011-12. For more detail on the earnings for each fund
refer to Tables 3.1.1.1, 3.1.1.2 and 3.1.1.3. Dividend revenue represents revenue from CAC Act entities
which are treated as administered assets of the department.
4. Principally CSS and PSS employer contributions.
53
Finance Additional Estimates Statements
Table 3.2.8: Schedule of Budgeted Assets and Liabilities Administered on behalf
of Government (as at 30 June)
Actual
ASSETS
Financial assets
Cash and cash equivalents 1
Receivables
Taxation receivables
Investments 2
Other financial assets
Total financial assets
Non-financial assets
Property, plant and equipment
Intangibles
Other non-financial assets
Total non-financial assets
Total assets administered
on behalf of Government
2011-12
$'000
Revised
budget
2012-13
$'000
Forward
estimate
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
3,426
217,288
1,342
17,483,610
41,486
17,747,152
178,582
1,098
14,956,728
35,930
15,172,338
173,334
1,098
13,431,326
35,930
13,641,688
167,787
1,098
12,513,316
35,930
12,718,131
161,934
1,098
11,345,810
35,930
11,544,772
79,374
1,310
2,507
83,191
68,384
1,326
2,507
72,217
63,063
1,342
2,507
66,912
54,531
1,358
2,507
58,396
46,051
1,374
2,507
49,932
17,830,343
15,244,555
13,708,600
12,776,527
11,594,704
LIABILITIES
Payables
Suppliers
Other payables 3
Total payables
137,986
4,261
142,247
12,402
4,256
16,658
12,402
4,256
16,658
12,402
4,256
16,658
12,402
4,256
16,658
Provisions
Employees 4
Superannuation 5
Other provisions
Total payables
203,823
149,416,553
20,497
149,640,873
203,822
93,366,489
15,929
93,586,240
203,822
96,291,462
14,758
96,510,042
203,822
99,184,067
13,476
99,401,365
203,822
102,033,697
12,070
102,249,589
1,344
1,344
1,344
1,344
1,344
1,344
1,344
1,344
1,344
1,344
149,784,464
93,604,242
96,528,044
99,419,367
102,267,591
(131,954,121)
(78,359,687)
(82,819,444)
(86,642,840)
(90,672,887)
Interest bearing liabilities
Leases
Total interest
bearing liabilities
Total liabilities administered
on behalf of Government
Net assets/(liabilities)
Prepared on Australian Accounting Standards basis.
1. The 2011-12 figure for cash and cash equivalents excludes cash held in the Official Public Account as
this is not included as part of our estimates.
2. Represents investments in the three Nation Building Funds. Also represented are investments in CAC
Act entities that are 100% owned by the Australian Government and assets of former superannuation
schemes administered by the Australian Government.
3. The 2011-12 figure for other payables does not include overnight cash balance payable, as this is not
included as part of our estimates.
4. Represents Life Gold Pass Holders liabilities, severance traveller liabilities, employee provisions for staff
employed under the MOP(S) Act, and former Prime Ministers’ entitlements.
5. Represents the unfunded liabilities for the Australian Government’s civilian superannuation schemes.
The superannuation liabilities estimates are based on the Long Term Cost Report.
54
Finance Additional Estimates Statements
Table 3.2.9: Schedule of Budgeted Administered Cash Flows
(for the period ended 30 June)
OPERATING ACTIVITIES
Cash received
Rendering of Services
Interest and Dividends 1
Superannuation Contributions 2
Other 3
Total cash received
Actual
Revised
budget
Forward
estimate
Forward
estimate
Forward
estimate
2011-12
$'000
2012-13
$'000
2013-14
$'000
2014-15
$'000
2015-16
$'000
3,963
223,063
1,341,078
1,672,601
3,240,705
4,689
942,936
1,485,949
1,497,931
3,931,505
4,687
627,009
1,437,114
1,596,328
3,665,138
4,688
575,250
1,389,579
1,719,062
3,688,579
4,645
496,325
1,341,930
1,843,800
3,686,700
Cash used
Employees 4
Transfers to Portfolio
Special Accounts 5
Grant Payments
Superannuation 6
Suppliers
Other
Total cash used
208,710
240,787
237,510
243,641
241,478
4,324,072
1,349
5,014,812
187,622
286,800
10,023,365
2,008,537
696
5,327,578
211,197
7,788,795
1,941,997
712
5,557,265
208,519
7,946,003
1,299,041
728
5,803,031
206,046
7,552,487
1,505,073
744
6,069,305
211,652
8,028,252
Net cash from (used by)
operating activities
(6,782,660)
(3,857,290)
(4,280,865)
(3,863,908)
(4,341,552)
87
-
-
-
-
31,309,861
15,828
31,325,776
3,030,997
13,836
3,044,833
1,966,085
14,195
1,980,280
1,304,605
11,728
1,316,333
1,504,813
12,550
1,517,363
5,643
6,165
7,571
6,608
6,619
10,552
26,872,318
4,482
474,735
7,905
399,443
5,651
348,016
5,682
303,703
INVESTING ACTIVITIES
Cash received
Proceeds from sale of
property, plant and equipment
Proceeds from sales of
investments 7
Repayments of loans
Total cash received
Cash used
Purchase of land and buildings
Purchase of property, plant
and equipment
Purchase of Investments 7
Transfers to Portfolio Special
Accounts 5
Total cash used
Net cash from (used by)
investing activities
-
1,009,468
14,500
-
-
26,888,513
1,494,850
429,419
360,275
316,004
4,437,263
1,549,983
1,550,861
956,058
1,201,359
55
Finance Additional Estimates Statements
Table 3.2.9: Schedule of Budgeted Administered Cash Flows
(for the period ended 30 June) (continued)
Actual
FINANCING ACTIVITIES
Cash received
Cash from the Official Public
Account
Other
Total cash received
Net cash from (used by)
financing activities
Net increase (decrease) in
cash held
Cash and cash equivalents at
beginning of reporting period 8
Cash from Official Public
Account
for Appropriations
Cash to Official Public Account
for Appropriations
Cash and cash equivalents at end
of reporting period
2011-12
$'000
Revised
budget
2012-13
$'000
Forward
estimate
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
1,338,521
16,195
1,354,716
1,488,830
14,060
1,502,890
1,587,195
8,769
1,595,964
1,709,979
5,682
1,715,661
1,835,833
12,301
1,848,134
1,354,716
1,502,890
1,595,964
1,715,661
1,848,134
(990,681)
(804,417)
(1,134,040)
(1,192,189)
(1,292,059)
3,426
-
-
-
-
4,058,958
4,411,104
4,539,069
4,688,799
5,288,287
(3,071,703)
(3,606,687)
(3,405,029)
(3,496,610)
(3,996,228)
-
-
-
-
-
Prepared on Australian Accounting Standards basis.
1. Estimates of interest include interest earnings for the three Nation Building Funds. For more detail on
the interest estimates for each fund refer to tables 3.1.1.1, 3.1.1.2 and 3.1.1.3.
2. Primarily represents the CSS and PSS employer contributions.
3. Primarily represents offsets from the CSS/PSS funds and return of overpaid benefits.
4. Represents expenditure on staff employed under the MOP(S) Act.
5. Transfers to Portfolio Special Accounts represent estimates of cash payments from the Nation Building
Funds to other agencies’ Special Accounts for projects.
6. Expenditure associated with unfunded liabilities for the Australian Government’s civilian superannuation
schemes.
7. The 2011-12 figure relates to turnover of investments held relating to the Nation Building Funds.
Estimates from 2012-13 onwards do not include an estimate of the turnover as this is not possible to
estimate.
8. The 2011-12 figures for cash at the beginning and end of the reporting period excludes cash held in the
Official Public Account as this is not included as part of our estimates.
56
Finance Additional Estimates Statements
Table 3.2.10: Budgeted Administered Capital Budget Statement
(for the period ended 30 June)
Actual
2011-12
$'000
Revised
budget
2012-13
$'000
Forward
estimate
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
NEW CAPITAL APPROPRIATIONS
Administered Capital Budget - Act 1 1
Administered Assets and
Liabilities - Act 2 2
Special capital appropriations 3
Total new capital appropriations
3,317
3,197
7,906
4,819
4,862
1,807
1,392,780
1,397,904
11,822
1,488,832
1,503,851
1,920
1,587,196
1,597,022
2,026
1,709,981
1,716,826
2,140
1,835,833
1,842,835
Provided for
Purchase of non-financial assets
Other Items
Total Items
4,180
1,393,724
1,397,904
4,060
1,499,791
1,503,851
8,769
1,588,253
1,597,022
5,682
1,711,144
1,716,826
5,725
1,837,110
1,842,835
2,060
1,461
12,674
16,195
3,197
863
6,587
10,647
7,906
863
6,707
15,476
4,819
863
6,576
12,258
4,862
863
6,576
12,301
PURCHASE OF NON-FINANCIAL
ASSETS
Funded by capital appropriations - Act 1
Funded by capital appropriations - Act 2
Funded by special appropriations
TOTAL AMOUNT SPENT
1. The Administered Capital Budget is used to fund the replacement of assets purchased through
Administered Act 1 appropriations.
2. Administered Assets and Liabilities includes a capital injection for Acts of Grace liabilities and an injection
for capital works on ICON, which is offset through agency contributions that are returned to the budget.
3. Represents appropriation to pay unfunded component of superannuation benefits under the PSS and
CSS.
57
Finance Additional Estimates Statements
Table 3.2.11: Budgeted Administered Schedule of Asset Movements
(Budget Year 2012 13)
Buildings
$'000
As at 1 July 2012
Gross book value
Accumulated depreciation/amortisation
and impairment
Opening net book balance
CAPITAL ASSET ADDITIONS
Estimated expenditure on
new or replacement assets
By purchase - Administered
Assets and Liabilities - Bill 2
By purchase - Administered
Capital Budget - Bill 1
By purchase - special appropriations
Total additions
Other movements
Depreciation/amortisation expense
Disposals
less Accumulated
depreciation on disposals
Total other movements
As at 30 June 2013
Gross book value
Accumulated depreciation/amortisation
and impairment
Closing net book balance
Asset Category
Other Intangibles
infrastructure,
plant and
equipment
$'000
$'000
Total
$'000
50,959
68,425
2,069
121,453
(31,754)
19,205
(8,256)
60,169
(759)
1,310
(40,769)
80,684
-
847
16
863
1,406
4,759
6,165
1,791
1,828
4,466
16
3,197
6,587
10,647
(11,964)
(191)
(8,783)
(2,454)
-
(20,747)
(2,645)
(12,155)
1,771
(9,466)
-
1,771
(21,621)
56,933
70,437
2,085
129,455
(43,718)
13,215
(15,268)
55,169
(759)
1,326
(59,745)
69,710
Prepared on Australian Accounting Standards basis.
58
PORTFOLIO GLOSSARY
Term
Meaning
Accumulated
Depreciation
The aggregated depreciation recorded for a particular
depreciating asset.
Act of Grace
payments
The primary method of providing compensation to persons
who have been unfairly disadvantaged by the Commonwealth
but who have no legal claim against it.
Administered Items
Expenses, revenues, assets or liabilities managed by agencies
on behalf of the Commonwealth. Agencies do not control
administered items. Administered expenses include grants,
subsides and benefits. In many cases, administered expenses
fund the delivery of third party outputs.
Additional Estimates
Where amounts appropriated at Budget time are insufficient,
Parliament may appropriate more funds to portfolios through
the Additional Estimates Acts.
Additional Estimates
Bills or Acts
These are Appropriation Bills 3 and 4, and a separate Bill for
the Parliamentary Departments (Parliamentary Departments)
Bill (No 2). These Bills are introduced into Parliament after the
Budget Bills.
Annual
Appropriation
Two appropriation Bills are introduced into Parliament in May
and comprise the Budget. Further Bills are introduced later in
the financial year as part of the Additional Estimates.
Parliamentary departments have their own appropriations.
Appropriation
An authorisation by Parliament to spend monies from the
Consolidated Revenue Fund for a particular purpose.
CAC Act
Commonwealth Authorities and Companies Act 1997.
Capital Expenditure
Expenditure by an agency on capital projects, for example
purchasing a building.
Charter of Budget
Honesty Act
The Charter of Budget Honesty Act 1998 provides a legislative
framework for the conduct and reporting of fiscal policy.
59
Portfolio Glossary
Term
Meaning
Consolidated
Revenue Fund
Section 81 of the Constitution stipulates that all revenue raised
or money received by the Commonwealth forms the one
Consolidated Revenue Fund (CRF). The CRF is not a bank
account. The Official Public Account reflects most of the
operations of the CRF.
Departmental Items
Assets, liabilities, revenues and expenses that are controlled by
the agency in providing its outputs. Departmental items
would generally include computers, plant and equipment
assets used by agencies in providing goods and services and
most employee expenses, supplier costs and other
administrative expenses incurred.
Depreciation
Apportionment of an asset’s capital value as an expense over
its estimated useful life to take account of normal usage,
obsolescence, or the passage of time.
Equity or Net Assets
Residual interest in the assets of an entity after deduction of its
liabilities.
Expense
Total value of all of the resources consumed in producing
goods and services or the loss of future economic benefits in
the form of reductions in assets or increases in liabilities of an
entity.
Fair Value
Valuation methodology: The amount for which an asset could
be exchanged, or a liability settled, between knowledgeable
and willing parties in an arm’s length transaction. The fair
value can be affected by the conditions of the sale, market
conditions and the intentions of the asset holder.
FMA Act
Financial Management and Accountability Act 1997.
Measure
A new policy or savings decision of the Government with
financial impacts.
Outcomes
The Government's objectives in each portfolio area. Outcomes
are desired results, impacts or consequences for the Australian
community influenced by the actions of the Australian
Government. Actual outcomes are the results or impacts
actually achieved.
Portfolio
A Minister’s area of responsibility as a member of Cabinet. A
portfolio consists of one or more Departments of State (aka the
Portfolio Departments) and a number of agencies with similar
general objectives and outcomes.
60
Portfolio Glossary
Term
Meaning
Program
Agencies deliver programs which are the Government actions
taken to deliver the stated outcomes. Agencies are required to
identify the programs which contribute to Government
outcomes over the Budget and forward years.
Prescribed agencies
As per section 5 of the FMA Act, a prescribed agency means: a
body, organisation or group of persons prescribed by the
Regulations for the purposes of this definition. Prescribed
agencies are made by the Governor-General by Regulation
under the FMA Act.
Revenue
Total value of resources earned or received to cover the
production of goods and services or increases in future
economic benefits in the form of increases in assets or
reductions in liabilities of an entity.
Special Accounts
Balances existing within the CRF that are supported by
standing appropriations (FMA Act section 20 and 21). Special
accounts allow money in the CRF to be acknowledged as setaside (hypothecated) for a particular purpose. Amounts
credited to a Special Account may only be spent for the
purposes of the Special Account. Special Accounts can only be
established by a written determination of the Finance Minister
(section 20 FMA Act) or through an Act of Parliament (referred
to in section 21 of the FMA Act).
Special
Appropriations
(including Standing
Appropriations)
An amount of money appropriated by a particular Act of
Parliament for a specific purpose and number of years. For
special appropriations the authority to withdraw funds from
Consolidated Revenue Fund does not generally cease at the
end of the financial year.
Standing appropriations are a sub-category consisting of
ongoing special appropriations – the amount appropriated will
depend on circumstances specified in the legislation.
61
ACRONYMS
Acronym
Description
AAO
Administrative Arrangements Order
AC
Companion of the Order of Australia
AM
Member of the Order of Australia
AO
Officer of the Order of Australia
AEC
Australian Electoral Commission
ANAO
Australian National Audit Office
APS
Australian Public Service
ARIA
Australian Reward Investment Alliance
ASIO
Australian Security Intelligence Organisation
BAF
Building Australia Fund
CAC Act
Commonwealth Authorities and Companies Act 1997
Charter of Budget Honesty
Charter of Budget Honesty Act 1998
CPI
Consumer Price Index
CSC
Commonwealth Superannuation Corporation
CSS
Commonwealth Superannuation Scheme
CSS Act
Superannuation Act 1976
DCB
Departmental Capital Budget
DFRDB
Defence Force Retirement and Death Benefits
EIF
Education Investment Fund
ERC
Expenditure Review Committee
FFMA
Future Fund Management Agency
Finance
Department of Finance and Deregulation
Finance Portfolio
Finance and Deregulation Portfolio
62
Acronyms
Finance Minister
Minister for Finance and Deregulation
FMA Act
Financial Management and Accountability Act 1997
GBEs
Government Business Enterprises
HHF
Health and Hospitals Fund
ICON
Intra-Government Communications Network
ICT
Information and Communications Technology
MoP(S) Act
Members of Parliament (Staff) Act 1984
MP
Member of Parliament
MSBS
Military Superannuation and Benefits Scheme
MYEFO
Mid-Year Economic Fiscal Outlook
OPA
Official Public Account
PAES
Portfolio Additional Estimates Statements
PB Statements
Portfolio Budget Statements
PCSS
Parliamentary Contributory Superannuation Scheme
PSM
Public Service Medal
PSS
Public Sector Superannuation Scheme
PSS Act
Superannuation Act 1990
PSSap
Public Sector Superannuation Accumulation Plan
SACL
Sydney Airports Corporation Limited
SPBC
Strategic Priorities and Budget Committee
SMOS
Special Minister of State
SPPs
Special Purpose Payments
WIP
Work-in-progress
63