PORTFOLIO ADDITIONAL
ESTIMATES STATEMENTS 2013-14
FINANCE PORTFOLIO
EXPLANATIONS OF ADDITIONAL ESTIMATES 2013-14
© Commonwealth of Australia 2014
ISBN 978 176004-3551
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SENATOR THE HON MATHIAS CORMANN
Minister for Finance
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
2013-14 Additional Estimates for the Finance 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, to the public.
Kind regards
Mathias Cormann
Minister for Finance
January 2014
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not for publication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 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 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
ESTIMATE 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 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 programmes
supporting those outcomes.
The PAES facilitate understanding of the proposed appropriations in Appropriation
Bills (No.3 & No.4) 2013-14. 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 (MYEFO) 2013-14 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 impact on
Appropriation Bills No.3 & No.4 2013-14.
Section 2: Revisions to
Outcomes and Planned
Performance
This section details changes to Government outcomes and/or
changes to the planned performance of agency programmes.
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.
Portfolio Glossary and
Acronyms
Explains key terms relevant to the Portfolio.
viii
CONTENTS
Portfolio Overview......................................................................................................... 1
Agency Additional Estimates Statements .................................................................. 7
Department of Finance .................................................................................................. 11
Portfolio Glossary ....................................................................................................... 65
Acronyms ..................................................................................................................... 68
ix
PORTFOLIO OVERVIEW
FINANCE PORTFOLIO OVERVIEW
Machinery of Government Changes Affecting the Portfolio
On 18 September 2013 an Administrative Arrangements Order (AAO) was issued by
the Australian Government.
The new order changed the portfolio name from ‘Finance and Deregulation’ to
‘Finance’ (Finance portfolio).
In addition, the following function was transferred from the Department of Finance:

‘Reducing the burden of government regulation’ transferred to the Department of
the Prime Minister and Cabinet (PM&C);
No other changes have occurred that impact on the portfolio structure since the issue
of the 2013-14 Portfolio Budget Statements (PB Statements).
Portfolio Overview
The Finance portfolio outcomes are represented in Figure 1 on page 4.
Additional Estimates and Variations – Portfolio Level
Additional estimates and variations are being sought by the Department of Finance
(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, Commonwealth Superannuation Corporation, ComSuper and the Future
Fund Management Agency remain unchanged.
Department of Finance
Finance is seeking net additional funding of $4.3 million in Appropriation
Bill No.3 2013-14.
Finance is not seeking any additional funding in Appropriation Bill No.4 2013-14.
Finance’s administered special appropriation will increase by $937.1 million in 2013-14
primarily due to revisions of superannuation estimates.
3
Outcome 1 XXXXXXXXXXXXXXXXXXXX
Outcome 2 XXXXXXXXXXXXXXXXXXXX
Agency XXXXXXXXXX
Secretary: XXXXXXXXXX
Outcome: XXXXXXXXXXXXXXXX
Agency XXXXXXXXXX
Chief Executive Officer: XXXXXXXXXX
Outcome: XXXXXXXXXXXXXXXX
Portfolio Overview
Figure 1: Finance
Agency XXXXXXXXXX
Chairman: XXXXXXXXXX
Portfolio Structure and Outcomes
Outcome: XXXXXXXXXXXXXXXX
Minister for Finance
Senator the Hon Mathias Cormann
Special Minister of State
Senator the Hon Michael Ronaldson
Parliamentary Secretary to the Minister for Finance
The Hon Michael McCormack MP
Department of Finance
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 programmes.
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: Hon Peter Costello 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 PAES the additional resources
provided to the portfolio in the 2013-14 budget year, by agency.
Table 1: Portfolio Additional Resources 2013-14
Bill No.3
$m
Appropriation
Bill No.4
$m
Receipts
Total
Special
$m
$m
$m
Department of Finance
Administered appropriations
Departmental appropriations
-
-
937
(111)
826
4
-
-
-
4
Total
830
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
Resources available within portfolio:
5
830
AGENCY ADDITIONAL ESTIMATES
STATEMENTS
Department of Finance ............................................................................................... 11
DEPARTMENT OF FINANCE
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 .................................................................. 18
1.5
Breakdown of Additional Estimates by Appropriation Bill ................................. 21
Section 2: Revisions to Agency Resources and Planned Performance ............... 23
2.1
Resources and Performance Information ......................................................... 23
Section 3: Explanatory Tables and Budgeted Financial Statements ..................... 41
3.1
Explanatory Tables............................................................................................ 41
3.2
Budgeted Financial Statements ........................................................................ 47
DEPARTMENT OF FINANCE
Section 1: Agency Overview and Resources
1.1
Strategic Direction
As a result of the AAO issued on 18 September 2013, the Department of Finance
(Finance) is no longer responsible for ‘Reducing the burden of government regulation’.
This has been transferred to the Department of the Prime Minister and Cabinet
(PM&C).
No other changes have occurred that impact on Finance’s Strategic Direction since the
issue of the 2013-14 Portfolio Budget Statements (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
2013-14 Budget year, including variations through Appropriation Bill No.3 & No.4
2013-14 and special appropriations (including special accounts).
11
Finance Additional Estimates Statements
Table 1.1: Department of Finance Resource Statement — Additional Estimates
for 2013-14 as at Additional Estimates February 2014
Estimates
at Budget
Proposed
+
Additional
=
Total
Total
Available
2013-14
$'000
2013-14
$'000
Estimate
at
Additional
Estimates
2013-14
$'000
333,059
4,345
337,404
292,111
18,216
-
18,216
54,686
351,275
4,345
355,620
346,797
11,373
-
11,373
11,029
712
-
712
680
291,683
-
291,683
253,805
303,768
-
303,768
265,514
655,043
4,345
659,388
612,311
318,393
-
318,393
154,455
318,393
-
318,393
154,455
8,967
-
8,967
11,822
8,967
-
8,967
11,822
327,360
-
327,360
166,277
982,403
4,345
986,748
778,588
Estimate
Appropriation
2012-13
$'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
Other services 5
Departmental non-operating
Equity injections
Total
Administered non-operating
Administered assets and liabilities
Total
Total other services
B
Total available annual
appropriations
Table continues on next page
12
Finance Additional Estimates Statements
Table 1.1: Department of Finance Resource Statement — Additional Estimates
for 2013-14 as at Additional Estimates February 2014 (continued)
Estimates
at Budget
Proposed
+
Additional
=
Total
Total
Available
2013-14
$'000
2013-14
$'000
Estimate
at
Additional
Estimates
2013-14
$'000
675
(120)
555
236
-
-
-
3,422
703
697
1,400
243
6,148
787
6,935
1,213
77,200
5,500
82,700
40,742
3,215
-
3,215
2,643
53,493
2,747
56,240
35,701
165,506
6,778
172,284
160,793
4,968
-
4,968
4,462
54
-
54
56
45,000
(8,823)
36,177
117,754
3,338,601
(225,922)
3,112,679
3,967,312
3,521,215
1,155,354
4,676,569
1,216,035
Estimate
Appropriation
2012-13
$'000
Special appropriations
Special appropriations limited
by criteria/entitlement
Federal Circuit Court of
Australia Act 1999
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
Table continues on next page
13
Finance Additional Estimates Statements
Table 1.1: Department of Finance Resource Statement — Additional Estimates
for 2013-14 as at Additional Estimates February 2014 (continued)
Estimates
at Budget
Proposed
+
Additional
Total special appropriations
C
Total
Total
Available
Appropriation
2013-14
2013-14
Estimate
at
Additional
Estimates
2013-14
$'000
$'000
$'000
$'000
4,719
108
4,827
4,763
1,586,628
-
1,586,628
1,635,644
8,808,125
937,106
9,745,231
7,191,019
9,790,528
941,451
10,731,979
7,969,607
510,527
62,749
128,650
36,807
-
547,334
62,749
128,650
526,710
65,263
69,397
2,619,236
(110,917)
2,508,319
33,814,968
3,321,162
(74,110)
3,247,052
34,476,338
13,111,690
867,341
13,979,031
42,445,945
(191,399)
(134,660)
13,787,632
42,311,285
Estimate
Special appropriations limited
by amount
Commonwealth of Australia
Constitution Act (s.66)
Special appropriations limited
by capital
Special capital appropriations
=
2012-13
Total appropriations excluding
special accounts
Special accounts
Opening balance 6
Appropriation receipts
Equity injection
Non-appropriation receipts to
special accounts
Total special accounts
D
Total resourcing
A+B+C+D
Less appropriations drawn from
annual or special appropriations above
and credited to special accounts
(191,399)
-
and/or CAC Act bodies through
annual appropriations
Total net resourcing for Finance
12,920,291
867,341
Table continues on next page
1
Appropriation Act (No. 1) 2013-14 and Appropriation Bill (No. 3) 2013-14, adjusted for FMA Act section 32
transfer.
2
Includes an amount of $10.921m in 2013-14 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'.
3
Section 31 relevant agency receipts — estimate.
4
Includes an amount of $7.890m in 2013-14 for the administered capital budget (refer to table 3.2.10 for further
details). For accounting purposes this amount has been designated as 'contributions by owners'.
5
Appropriation Act (No. 2) 2013-14.
6
Opening balances for special accounts (less ‘Special Public Money’ held in a Services for Other Entities and
Trust Moneys Special Accounts (SOETM)). For further information on Special Accounts see Table 3.1.1.
Note: All figures are GST exclusive.
14
Finance Additional Estimates Statements
Table 1.1: Department of Finance Resource Statement — Additional Estimates
for 2013-14 as at Additional Estimates February 2014 (continued)
Third Party Payments from and on behalf of other agencies
Estimates
at
Budget
2013-14
Estimates
at
Additional
Estimates
2013-14
$'000
$'000
300
900
703
1,400
54
45,000
54
36,177
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
3,338,601
3,521,215
500
651
507
Superannuation Act 1990
Appropriation Act (No.1)1
Appropriation Act (No.1)2
Appropriation Act (No.2)2
Department of Defence
Parliamentary Entitlements Act 1990
Department of the House of Representatives
Commonwealth of Australia
Constitution Act (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 (s.66)
Parliamentary Entitlements Act 1990
Parliamentary Superannuation Act 2004
Fair Work Commission
Judges' Pensions Act 1968
Payments made by Finance on behalf of other agencies
Attorney-General's Department
Law Officers Act 1964
Australian Security Intelligence Organisation
Appropriation Act (No.2)
1
Compensation and legal payments.
2
Act of Grace payments.
15
3,112,679
4,676,569
500
651
507
4,900
4,900
3,532
450
3,298
3,154
450
3,298
13,877
17,278
1,187
736
1,670
1,673
736
1,670
4,817
4,817
404
404
17,371
23,400
Finance Additional Estimates Statements
1.3
Agency Measures Table
Table 1.2 summarises new Government measures taken since the 2013-14 Budget. The
table is split into expense and capital measures, with the affected programme
identified.
Table 1.2: Department of Finance 2013-14 Measures since Budget
Programme
2013-14
$'000
2014-15
$'000
2015-16
$'000
2016-17
$'000
2.1
34
35
35
36
3.1
839
1,728
1,728
1,728
3.1
(1,000)
-
-
-
nfp
nfp
-
-
1.1
(72)
-
-
-
1.1
(1,000)
-
-
-
1.2
505
945
-
-
Administered
(127)
1,763
1,763
1,764
Departmental
(567)
945
-
-
(694)
2,708
1,763
1,764
Expense measures
Administered expenses
Payments to Animals Australia
Incorporated - discontinue
Revert to Pre-2010 Non-Government
Personal Staffing Ratios
Royal Commission into the Home
Insulation Programme 1
Funding for pre-existing measures
affecting the public sector
Departmental expenses
Green Army - establishment 2
National Commission of Audit
Restoring integrity in the
Australian
tax system 3
Total expense measures
Total
Table continues on next page
16
Finance Additional Estimates Statements
Table 1.2: Department of Finance 2013-14 Measures since Budget (continued)
Programme
2013-14
2014-15
2015-16
2016-17
$'000
$'000
$'000
$'000
1.2
195
1,155
-
-
2.2
-
nfp
nfp
nfp
195
1,155
-
-
195
1,155
-
-
Capital measures
Departmental Capital
Restoring integrity in the
Australian
tax system 3
Urgent Maintenance Work for the
John Gorton Building additional
funding
Total capital measures
Departmental
Total
Prepared on a Government Financial Statistics (fiscal) basis.
1
The lead agency for the measure Royal Commission into the Home Insulation Programme is the
Attorney-General’s Department. Further information on this measure can be found in the 2013-14 Mid Year
Economic and Fiscal Outlook under the Attorney-General’s portfolio.
2
The lead agency for the measure Green Army – establishment is the Department of Environment. Further
information on this measure can be found in the 2013-14 Mid Year Economic and Fiscal Outlook under the
Environment portfolio.
3
The lead agency for the measure Restoring integrity in the Australian tax system is the Department of the
Treasury. Further information on this measure can be found in the 2013-14 Mid Year Economic and Fiscal
Outlook under the Treasury portfolio.
17
Finance Additional Estimates Statements
1.4
Additional Estimates and Variations
The following tables detail the changes to the resourcing for the Department of Finance
at Additional Estimates, by outcome. Table 1.3 details the Additional Estimates and
variations resulting from new measures since the 2013-14 Budget in Appropriation
Bills Nos. 3 & 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 2013-14 Budget
Programme
impacted
2013-14
$'000
2014-15
$'000
2015-16
$'000
2016-17
$'000
72
-
-
-
1,000
-
-
-
(700)
(2,100)
-
-
372
(2,100)
-
-
(34)
(35)
(35)
(36)
(34)
(35)
(35)
(36)
1,000
-
-
-
(839)
(1,728)
(1,728)
(1,728)
161
(1,728)
(1,728)
(1,728)
Outcome 1
Increase in estimates (D)
Green Army - establishment
1.1
National Commission of Audit
1.1
Decrease in estimates (D)
Restoring integrity in the Australian
tax system
1.2
Net impact on estimates
for Outcome 1 (D)
Outcome 2
Decrease in estimates (A)
Payments to Animals Australia
Incorporated - discontinue
2.1
Net impact on estimates
for Outcome 2 (A)
Outcome 3
Increase in estimates (A)
Royal Commission into the Home
Insulation Programme
3.1
Decrease in estimates (A)
Revert to Pre-2010 Non-Government
Personal Staffing Ratios
3.1
Net impact on estimates
for Outcome 3 (A)
(A) = Administered
(D) = Departmental
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.
18
Finance Additional Estimates Statements
Table 1.4: Additional Estimates and Variations to Outcomes from Other
Variations
Programme
impacted
2013-14
$'000
2014-15
$'000
2015-16
$'000
2016-17
$'000
930,220
868
767
1,366
930,220
868
767
1,366
(252)
(463)
(781)
(805)
-
(1,163)
(2,605)
(4,134)
-
(344)
(566)
(697)
(252)
(1,970)
(3,952)
(5,636)
1
1
2
2
1
1
2
2
2,839
(15,598)
15,993
-
(220)
(220)
(220)
(220)
(84)
(154)
(260)
(269)
-
(399)
(895)
(1,419)
-
(108)
(175)
(218)
2,535
(16,479)
14,443
(2,126)
Outcome 1
Increase in estimates (A)
Superannuation estimates update
1.2
Net impact on estimates
for Outcome 1 (A)
Decrease in estimates (D)
Whole of Government Savings
Efficiency Dividend Update
Economic Parameter Update
Net impact on estimates
for Outcome 1 (D)
Outcome 2
Increase in estimates (A)
Economic Parameter Update
Net impact on estimates
for Outcome 2 (A)
Increase in estimates (D)
Moorebank Defence Units Relocation
- Movement of Funds
2.1
Decrease in estimates (D)
Transfer of Reliance Framework to
Department of Human Services
2.1
Whole of Government Savings
Efficiency Dividend Update
Economic Parameter Update
Net impact on estimates
for Outcome 2 (D)
Table continues on next page
19
Finance Additional Estimates Statements
Table 1.4: Additional Estimates and Variations to Outcomes from Other
Variations (continued)
Programme
impacted
2013-14
$'000
2014-15
$'000
2015-16
$'000
2016-17
$'000
159
191
191
191
115
138
138
138
108
106
106
106
1,114
631
652
675
4,889
-
-
-
115
117
120
122
(195)
1,151
1,151
1,151
-
(444)
(935)
(952)
6,305
1,890
1,423
1,431
(84)
(154)
(260)
(269)
-
(387)
(869)
(1,378)
-
(108)
(179)
(220)
(84)
(649)
(1,308)
(1,867)
Outcome 3
Increase in estimates (A)
Adjustment to Travel Allowance
for MOP(S) Act Staff
3.1
Adjustment to Travel Allowance
for Senators and Members
3.1
Increase Salary for Ministers of
State
Smartphone entitlement reform
3.1
3.1
Lease Payout - Sydney
Commonwealth Parliament
Office
Retention of copy printers
3.1
3.1
Adjustments to personal staff
following 2013 election
3.1
Decrease in estimates (A)
Economic Parameter Update
Net impact on estimates
for Outcome 3 (A)
Decrease in estimates (D)
Whole of Government Savings
Efficiency Dividend Update
Economic Parameter Update
Net impact on estimates
for Outcome 3 (D)
(A) = Administered
(D) = Departmental
Note: This table has been prepared on an appropriation basis. A positive amount indicates an increate to
Finance’s appropriations while a negative amount indicates a decrease to Finance’s appropriations.
20
Finance Additional Estimates Statements
1.5
Bill
Breakdown of Additional Estimates by Appropriation
The following tables detail the Additional Estimates sought for Finance through
Appropriation Bills Nos. 3 & 4.
Table 1.5: Appropriation Bill (No. 3) 2013-14
2012-13
2013-14
2013-14
Budget
Revised
$'000
$'000
11,022
11,373
11,373
680
712
712
250,124
261,826
291,683
303,768
291,683
303,768
Available
$'000
Additional
Estimates
$'000
Reduced
Estimates
$'000
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
-
-
-
-
Table continues on next page
21
Finance Additional Estimates Statements
Table 1.5: Appropriation Bill (No. 3) 2013-14 (continued)
2012-13
2013-14
2013-14
Budget
Revised
$'000
$'000
Estimates
$'000
Estimates
$'000
122,069
118,042
119,726
1,684
-
129,007
111,649
114,394
2,745
-
39,691
290,767
37,334
267,025
37,250
271,370
(84)
4,345
-
552,593
570,793
575,138
4,345
-
Available
$'000
DEPARTMENTAL PROGRAMMES
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
Additional
Reduced
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) 2013-14
This table is not required as Finance is not seeking any additional estimates through
Appropriation Bill (No.4) 2013-14.
22
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
2013-14 PB Statements. Changes to programmes from Additional Estimates are
detailed on pages 23-40. Complete details of Finance’s outcomes and performance
information can be found in the 2013-14 PB Statements.
OUTCOME 1
Outcome 1 Strategy
As a result of the AAO issued on 18 September 2013, the following has been removed
from the Outcome Strategy for Outcome 1:

Implementing the Australian Government’s better regulation agenda.
No other changes have been made to this
2013-14 PB Statements.
Outcome Strategy since the
The Outcome Strategy now reads as follows:
Finance assists the Australian Government to meet its policy objectives through:
 providing robust analysis and policy advice on Australian Government
expenditure, along with development and preparation of the Budget;
 providing Whole-of-Australian-Government financial reporting and maintaining
the financial framework, including improvements to enhance transparency,
ensuring its on-going relevance and reducing internal red tape;
 providing advice on grants policy, including updating the Commonwealth Grant
Guidelines; and
 providing advice on procurement policy, including the coordination of
procurement arrangements and Australian Government advertising processes.
23
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.
2012-13
Actual
Expenses
$'000
2013-14
Revised
estimated
expenses
$'000
55,896
20,934
21,617
10,916
9,714
53,965
27,841
23,435
3,198
10,502
88,875
7,060
117,842
12,658
215,012
249,441
443
199
10,179
651
500
10,222
739
555
243
672
88,000
57,349
4,462
1,400
6,935
82,700
56,240
4,969
49
31,178
2,719,598
5,061,556
54
36,177
3,112,679
4,676,569
Programme 1.1: Budget, Financial Management,
and Procurement Framework
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 2
Procurement Framework
Special accounts
Coordinated Procurement Contracting
Special Account 3
Expenses not requiring appropriation in the Budget year 4
Total for Programme 1.1
Programme 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 Circuit Court of Australia Act 1999
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
Table continues on next page
24
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
4
Total for Programme 1.2
2012-13
Actual
Expenses
$'000
2013-14
Revised
estimated
expenses
$'000
12,110
474
10,779
367
7,987,251
8,000,797
1,204,756
599,908
857,627
-
916,760
260,142
712,106
-
2,662,291
1,889,008
10,821
7,963,846
2,662,291
11,373
7,978,278
1,889,008
131,187
7,534
88,875
129,720
13,025
117,842
10,864,554
10,139,246
2012-13
788
2013-14
763
Programme 1.3: Nation Building Funds
and DisabilityCare Australia Fund
Administered expenses
Special accounts
Building Australia Fund Special Account
Education Investment Fund Special Account
Health and Hospitals Fund Special Account
DisabilityCare Australia Fund Special Account
Total for Programme 1.3
Outcome 1 Totals by appropriation type
Administered expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Special appropriations (excluding special accounts)
Special accounts
Departmental expenses
Departmental appropriations 1
Expenses not requiring appropriation in the Budget year
Special accounts
Total expenses for Outcome 1
Average Staffing Level (number)
4
1
Departmental appropriations combine ‘ordinary annual services (Appropriation Act No. 1 & Bill No. 3)’ and
‘relevant agency receipts (s.31)’.
2
This function has been transferred to PM&C as part of the AAO issued on 18 September 2013.
3
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).
4
Expenses not requiring appropriation in the Budget year are made up of depreciation expenses and
amortisation expenses.
Note: Departmental appropriation splits and totals are indicative estimates and may change in the course of
the budget year as Government priorities change.
25
Finance Additional Estimates Statements
Contributions to Outcome 1
Programme 1.1: Budget, Financial Management and Procurement Framework
Programme 1.1 Objective
As a result of the AAO issued on 18 September 2013, the following has been removed
from the Programme Objective:

“, the Minister Assisting for Deregulation”
No other changes have been made to the Programme Objective since the
2013-14 PB Statements.
The Programme Objective now reads as follows:
This programme contributes to the outcome through:


advising the Finance Minister and the Expenditure Review Committee (ERC)
of Cabinet so they can make informed decisions; and
providing a robust financial management and procurement framework policy
that fosters accountable expenditure decision-making by Australian
Government agencies.
26
Finance Additional Estimates Statements
Programme 1.1 Expenses
Programme 1.1: Budget, Financial Management and Procurement Framework
2012-13
Actuals
Annual departmental expenses
Budget Advice
Financial Reporting
Financial Framework
Deregulation and Regulatory Reform 1
Procurement Framework
Coordinated Procurement Contracting
Special Account 2
Expenses not requiring appropriation in
the Budget year 3
Total programme expenses
$'000
2013-14
Revised
budget
$'000
2014-15
Forward
year 1
$'000
2015-16
Forward
year 2
$'000
2016-17
Forward
year 3
$'000
55,896
20,934
21,617
10,916
9,714
53,965
27,841
23,435
3,198
10,502
52,556
23,305
23,210
10,265
52,292
22,981
21,002
11,053
52,466
22,900
20,611
13,426
88,875
117,842
111,192
100,564
95,747
7,060
12,658
12,899
12,861
12,882
215,012
249,441
233,427
220,753
218,032
1
This function has been transferred to PM&C as part of the AAO issued on 18 September 2013.
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 are made up of depreciation expenses and
amortisation expense.
27
Finance Additional Estimates Statements
Programme 1.1 Deliverables
As a result of the AAO issued on 18 September 2013, the following has been removed
from the Programme Deliverables:
Deregulation
 Provide advice to support the development of more efficient regulation and
effective regulatory management.
No other changes have been made to the Programme Deliverables since the
2013-14 PB Statements.
Programme 1.1 Key Performance Indicators
As a result of the AAO issued on 18 September 2013, the following has been removed
from the Programme Key Performance Indicators:
Deregulation
 Identify and address poorly performing regulatory functions and frameworks,
quantifying impacts where possible.
 Respond to drafts of Regulation Impact Statements consistent with the
requirements of the Government’s Best Practice Regulation Handbook and the Council
of Australian Government’s Principles of Best Practice Regulation.
No other changes have been made to the Programme Key Performance Indicators since
the 2013-14 PB Statements.
28
Finance Additional Estimates Statements
Programme 1.2: Public Sector Superannuation
Programme 1.2 Objective

No changes have been made to the Programme Objective since the
2013-14 PB Statements.
Programme 1.2 Expenses
Programme 1.2: Public Sector Superannuation
2012-13
Actuals
Annual administered expenses
Act of Grace nominal interests
Compensation and legal expenses
Superannuation administration
costs
Special appropriations
Federal Circuit Court of Australia
Act 1999
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
Annual departmental expenses
Public Sector Superannuation
Expenses not requiring appropriation
in the Budget year 1
Total programme expenses
1
$'000
2013-14
Revised
budget
$'000
2014-15
Forward
year 1
$'000
2015-16
Forward
year 2
$'000
2016-17
Forward
year 3
$'000
443
199
651
500
611
500
567
500
517
500
10,179
10,222
10,222
10,222
10,222
739
555
706
741
796
243
672
88,000
1,400
6,935
82,700
1,400
1,255
80,700
1,400
1,244
82,100
1,400
1,233
83,900
57,349
56,240
56,700
57,400
56,500
4,462
4,969
5,511
5,676
5,846
49
54
48
40
33
31,178
2,719,598
5,061,556
36,177
3,112,679
4,676,569
41,000
3,318,152
3,672,641
38,000
3,295,037
3,839,825
34,000
3,270,413
3,995,261
12,110
10,779
7,298
7,267
7,287
474
367
370
373
371
7,987,251
8,000,797
7,197,114
7,340,392
7,468,279
Expenses not requiring appropriation in the Budget year are made up of depreciation expenses and
amortisation expenses.
29
Finance Additional Estimates Statements
Programme 1.2 Deliverables

No changes have been made to the Programme Deliverables since the
2013-14 PB Statements.
Programme 1.2 Key Performance Indicators

No changes have been made to the Programme Key Performance Indicators
since the 2013-14 PB Statements.
30
Finance Additional Estimates Statements
Programme 1.3: Nation Building Funds and DisabilityCare Australia Fund
Programme 1.3 Objective

No changes have been made to the Programme Objective since the
2013-14 PB Statements.
Programme 1.3 Expenses
Programme 1.3: Nation Building Funds and DisabilityCare Australia Fund
2012-13
Actuals
2013-14
Revised
budget
2014-15
2015-16
2016-17
$'000
Forward
year 1
$'000
Forward
year 2
$'000
Forward
year 3
$'000
$'000
1,204,756
916,760
688,057
535,178
2,750
599,908
260,142
220,811
51,293
4,239
857,627
712,106
665,771
417,833
46,803
-
-
213
74,667
189,794
2,662,291
1,889,008
1,574,852
1,078,971
243,586
Special account expenses
Building Australia Fund
Special
Account
Education Investment Fund
Special Account
Health and Hospitals Fund
Special Account
DisabilityCare Australia Fund
Special Account
Total programme expenses
Programme 1.3 Deliverables

No changes have been made to the Programme Deliverables since the
2013-14 PB Statements.
Programme 1.3 Key Performance Indicators

No changes have been made to the Programme Key Performance Indicators
since the 2013-14 PB Statements.
31
Finance Additional Estimates Statements
OUTCOME 2
Outcome 2 Strategy

No changes have been made to this Outcome Strategy since the
2013-14 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.
2012-13
Actual
Expenses
$'000
2013-14
Revised
estimated
expenses
$'000
33
-
17
34
208
213
78
80
208
213
78
80
24
25
33
34
27,217
22,215
3,910
2,353
29,030
26,033
4
500
4,089
3,778
64,929
55,558
Programme 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
Departmental expenses
Departmental appropriations
1
Government Business Enterprises Ownerships and Divestment
Special Financial Claims
Australian Government Information Management Office
Special accounts
Business Services Special Account
Expenses not requiring appropriation in the Budget year
Total for Programme 2.1
2
Table continues on next page
32
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.
2012-13
Actual
Expenses
$'000
2013-14
Revised
estimated
expenses
$'000
69,598
86,000
69,598
86,000
108,164
156,920
108,164
156,920
679
679
60,157
50,601
177,766
243,420
4,089
3,778
242,691
298,478
2012-13
2013-14
402
387
Programme 2.2: Property and Construction
Departmental expenses
Special accounts
Property Special Account
Total for Programme 2.2
Programme 2.3: Insurance and Risk Management
Departmental expenses
Special accounts
Comcover Special Account
Total for Programme 2.3
Outcome 2 totals by appropriation type:
Administered expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Departmental expenses
Departmental appropriations
1
Special accounts
Expenses not requiring appropriation in the Budget year
Total Expenses for Outcome 2
Average Staffing Level (number)
2
1
Departmental appropriations combine ‘ordinary annual services (Appropriation Act No. 1 & Bill No. 3)’ and
‘relevant agency receipts (s.31)’.
2
Expenses not requiring appropriation in the Budget year are made up of depreciation expenses and
amortisation expenses.
Note: Departmental appropriation splits and totals are indicative estimates and may change in the course of
the budget year as Government priorities change.
33
Finance Additional Estimates Statements
Contributions to Outcome 2
Programme 2.1: Government Business and ICT
Programme 2.1 Objective

No changes have been made to the Programme Objective since the
2013-14 PB Statements.
Programme 2.1 Expenses
Programme 2.1: Australian Government Business and ICT
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 Financial Claims
Australian Government Information
Management Office
Expenses not requiring appropriation in
the Budget year 1
Special account expenses
Business Services Special Account
Total programme expenses
1
2012-13
Actuals
2013-14
Revised
budget
2014-15
2015-16
2016-17
$'000
Forward
year 1
$'000
Forward
year 2
$'000
Forward
year 3
$'000
$'000
33
-
-
-
-
17
208
78
34
213
80
35
218
82
35
223
84
36
228
86
208
213
218
223
228
78
80
82
84
86
24
33
25
34
25
35
26
35
26
36
27,217
3,910
22,215
2,353
9,017
2,488
6,181
2,474
5,097
2,484
29,030
26,033
26,271
26,130
26,205
4,089
3,778
3,793
3,808
3,800
4
500
-
-
-
64,929
55,558
42,264
39,303
38,312
Expenses not requiring appropriation in the Budget year are made up of depreciation expenses and
amortisation expenses.
34
Finance Additional Estimates Statements
Programme 2.1 Deliverables

No changes have been made to the Programme Deliverables since the
2013-14 PB Statements.
Programme 2.1 Key Performance Indicators

No changes have been made to the Programme Key Performance Indicators
since the 2013-14 PB Statements.
35
Finance Additional Estimates Statements
Programme 2.2: Property and Construction
Programme 2.2 Objective

No changes have been made to the Programme Objective since the
2013-14 PB Statements.
Programme 2.2 Expenses
Programme 2.2: Property and Construction
2012-13
Actuals
2013-14
Revised
budget
2014-15
2015-16
2016-17
Forward
year 2
$'000
Forward
year 3
$'000
$'000
$'000
Forward
year 1
$'000
Special account expenses
Property Special Account
69,598
86,000
79,269
83,601
94,572
Total programme expenses
69,598
86,000
79,269
83,601
94,572
Programme 2.2 Deliverables

No changes have been made to the Programme Deliverables since the
2013-14 PB Statements.
Programme 2.2 Key Performance Indicators

No changes have been made to the Programme Key Performance Indicators
since the 2013-14 PB Statements.
36
Finance Additional Estimates Statements
Programme 2.3: Insurance and Risk Management
Programme 2.3 Objective

No changes have been made to the Programme Objective since the
2013-14 PB Statements.
Programme 2.3 Expenses
Programme 2.3: Insurance and Risk Management
2012-13
Actuals
$'000
2013-14
Revised
budget
$'000
2014-15
Forward
year 1
$'000
2015-16
Forward
year 2
$'000
2016-17
Forward
year 3
$'000
Special account expenses
Comcover Special Account
108,164
156,920
101,803
105,785
109,984
Total programme expenses
108,164
156,920
101,803
105,785
109,984
Programme 2.3 Deliverables

No changes have been made to the Programme Deliverables since the
2013-14 PB Statements.
Programme 2.3 Key Performance Indicators

No changes have been made to the Programme Key Performance Indicators
since the 2013-14 PB Statements.
37
Finance Additional Estimates Statements
Outcome 3
Outcome 3 Strategy

No changes have been made to this Outcome Strategy since the 2013-14
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
2013-14
Revised
estimated
expenses
$'000
249,256
658
282,456
857
4,762
2,665
148,318
15,940
4,827
3,216
172,284
9,361
38,205
1,989
3,482
36,134
2,616
2,689
465,275
514,440
Administered expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Special appropriations
Expenses not requiring appropriation in the Budget year 1
249,914
155,745
15,940
283,313
180,327
9,361
Departmental expenses
Ordinary annual services (Appropriation Act No.1 & Bill No.3)
Expenses not requiring appropriation in the Budget year 1
40,194
3,482
38,750
2,689
465,275
514,440
2012-13
298
2013-14
263
Programme 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 Programme
Special appropriations (excluding special accounts)
Commonwealth of Australia Constitution Act (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 Programme 3.1
2012-13
Actual
Expenses
Outcome 3 Totals by appropriation type
Total expenses for Outcome 3
Average Staffing Level (number)
1
Expenses not requiring appropriation in the Budget year are made up of depreciation expenses and
amortisation expenses.
Note: Departmental appropriation splits and totals are indicative estimates and may change in the course of
the budget year as Government priorities change.
38
Finance Additional Estimates Statements
Contributions to Outcome 3
Programme 3.1: Ministerial and Parliamentary Services
Programme 3.1 Objective

No changes have been made to this programme objective since the
2013-14 PB Statements.
Programme 3.1 Expenses
Programme 3.1: Ministerial and Parliamentary Services
Annual administered expenses
Electorate and ministerial support costs
Political Exchange Programme
Special appropriations (excluding special
accounts)
Commonwealth of Australia Constitution
Act (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 programme expenses
1
2012-13
Actuals
2013-14
Revised
budget
$'000
$'000
2014-15
2015-16
2016-17
Forward
year 1
$'000
Forward
year 2
$'000
Forward
year 3
$'000
249,256
658
282,456
857
269,888
876
270,800
892
274,214
909
4,762
4,827
4,825
4,825
4,825
2,665
148,318
3,216
172,284
3,281
164,899
3,332
167,701
3,395
175,714
15,940
9,361
9,356
9,340
9,346
38,205
36,134
36,419
36,229
36,354
1,989
2,616
2,065
2,054
2,061
3,482
2,689
2,762
2,782
2,771
465,275
514,440
494,371
497,955
509,589
Expenses not requiring appropriation in the Budget year are made up of depreciation expenses and
amortisation expenses.
39
Finance Additional Estimates Statements
Programme 3.1 Deliverables

No changes have been made to the Programme Deliverables since the
2013-14 PB Statements.
Programme 3.1 Key Performance Indicators

No changes have been made to the Programme Key Performance Indicators
since the 2013-14 PB Statements.
40
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 2013-14
PB Statements is Table 3.1.2.
Table 3.1.1: Estimates of Special Account Flows and Balances
Opening
Outcome
Building Australia Fund 1
1
- s21 FMA Act (A)
1
- s21 FMA Act (A)
1
- s21 FMA Act (A)
Payments
2013-14
2012-13
2013-14
2012-13
$'000
1
Services for Other Entities
and Trust Moneys 3
- s20 FMA Act (A)
N/A
Business Services Special
2
Account - s20 FMA Act (D)
4
balance
2013-14
2012-13
Adjustments
2013-14
2012-13
2013-14
2012-13
$'000
$'000
$'000
$'000
1,042,427
(1,042,427)
-
-
14,465,725
(14,465,725)
-
-
397,411
(397,411)
-
-
10,886,373
10,886,373)
-
-
784,548
(784,548)
-
-
8,233,286
(8,233,286)
-
-
-
-
-
-
-
257
6
263)
-
-
896
-
(500)
-
396
(5)
-
896
-
-
-
DisabilityCare Australia Fund 2
- s21 FMA Act (A)
Property Special Account
- s20 FMA Act (D)
Receipts
-
Health and Hospitals Fund 1
Comcover Special Account
- s20 FMA Act (D)
balance
-
Education Investment Fund 1
Closing
901
-
2
288,826
256,631
98,142
103,226
(98,617)
(71,031)
-
288,351
288,826
2
221,568
226,837
262,470
176,114
(263,032)
(181,383)
-
221,006
221,568
41
Finance Additional Estimates Statements
Coordinated Procurement
Contracting Special Account
- s20 FMA Act (D)
2
36,044
114,720
(118,163)
42,084
84,898
(90,938)
547,334
2,699,718
(2,704,698)
526,710
33,949,628
(33,929,004)
-
32,601
-
36,044
Total Special Accounts
2013-14 Budget estimate
-
542,354
Total Special Accounts
2012-13 actual
-
547,334
(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.
2
The DisabilityCare Australia Fund Special Account is to be established for holding and investing the additional
Medicare Levy proceeds for the purpose of making reimbursements to DisabilityCare Australia. The balances
are estimated at zero. More information on the DisabilityCare Australia Fund Special Account is set out in the
tables on the following pages immediately after the NBF information.
3
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.
4
Interest Equivalency Payment for Comcover decreases from $13.1m (2012-13) to $10.1m (2013-14).
42
Finance Additional Estimates Statements
Table 3.1.1.1: Nation Building Funds - Estimates of Fund Balances
Actual
Outcome
Building Australia Fund 1
Opening balance
2012-13
$'000
Revised
budget
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
Forward
estimate
2016-17
$'000
5,876,136
4,753,413
3,982,413
3,415,281
2,984,592
231,274
145,761
120,925
104,487
93,107
(5,942)
(4,171)
(3,557)
(3,077)
(2,750)
(981,610)
(912,590)
(684,500)
(532,100)
-
-
-
-
(339,000)
(366,445)
-
-
-
-
4,753,413
3,982,413
3,415,281
2,984,592
2,735,949
1
Revenues and gains
Investment earnings and gains
Expenses
Management fees
Transfers to Portfolio Special
Accounts for project payments 2
BAF Infrastructure Portfolio
Special Account - Expense
BAF Infrastructure Portfolio
Special Account - Equity
BAF Communications Portfolio
Special Account - Equity 3
Closing balance
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 as at the time of the Budget. 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.
3
Transfers to the BAF Communications Portfolio Special Account relate to eligible National Broadband Network
matters.
43
Finance Additional Estimates Statements
Table 3.1.1.2: Nation Building Funds - Estimates of Fund Balances
Actual
Education Investment Fund
1
Opening balance
Revenues and gains
Investment earnings and
gains
Outcome
1
2012-13
Revised
budget
2013-14
Forward
estimate
2014-15
Forward
estimate
2015-16
Forward
estimate
2016-17
$'000
$'000
$'000
$'000
$'000
4,296,779
3,918,143
3,758,904
3,654,286
3,722,228
175,534
128,097
120,195
119,236
122,137
(5,065)
(4,336)
(4,156)
(4,135)
(4,239)
(206,198)
(156,665)
(171,558)
(47,159)
-
(200,983)
(99,140)
(45,100)
-
-
(141,923)
(27,195)
(4,000)
-
-
3,918,143
3,758,904
3,654,286
3,722,228
3,840,126
Expenses
Management fees
Transfers to Portfolio Special
Accounts for project payments 2
EIF Education Portfolio
Special Account Expense
EIF Research Portfolio
Special Account Expense
EIF Research Portfolio
Special Account - Equity
Closing balance
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 as at the time of Budget. 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.
44
Finance Additional Estimates Statements
Table 3.1.1.3: Nation Building Funds - Estimate of Fund Balances
Actual
Health and Hospitals
Fund 1
Outcome
1
Opening balance
2012-13
$'000
Revised
budget
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
Forward
estimate
2016-17
$'000
3,313,979
2,715,586
2,086,689
1,479,926
1,104,715
134,544
83,208
59,007
42,624
35,599
(3,662)
(2,674)
(2,002)
(1,450)
(1,232)
(729,274)
(709,432)
(663,768)
(416,385)
(45,571)
2,715,586
2,086,689
1,479,926
1,104,715
1,093,511
Revenues and gains
Investment earnings and gains
Expenses
Management fees
Transfers to Portfolio Special
Accounts for project payments
HHF Health Portfolio 2
Special Account - Expense
Closing balance
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 as at the time of the Budget. 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.
45
Finance Additional Estimates Statements
Table 3.1.1.4: DisabilityCare Australia Fund - Estimate of Fund Balances
Actual
DisabilityCare Australia
Fund 1
Outcome
1
Opening balance
2012-13
$'000
Revised
budget
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
Forward
estimate
2016-17
$'000
-
-
-
2,137,392
5,234,823
-
-
2,475,000
3,600,000
3,929,000
-
-
34,114
130,787
209,629
-
-
(213)
(811)
(1,297)
-
-
(371,510)
(558,688)
(1,907,562)
-
-
-
(73,857)
(188,496)
-
-
2,137,392
5,234,823
7,276,097
Revenues and gains
Additional Medicare Levy - Equity
Investment earnings and gains
Expenses
Management fees
Transfers to reimburse
Accounts for project payments
DisabilityCare Australia expenditure 2
Commonwealth - Equity
States and Territories
- Expense
Closing balance
1
The DisabilityCare Australia Fund consists of the DisabilityCare Australia Fund Special Account and
investments of the DisabilityCare Australia Fund. The investments are managed by the Future Fund Board of
Guardians. The special account is used to record all transactions relating to the DisabilityCare Australia Fund,
including interest and Medicare Levy proceeds received and payments.
2
The transfers relate to the making of reimbursements to the Commonwealth and the States and Territories
relating to the operations of the DisabilityCare Australia Fund.
.
46
Finance Additional Estimates Statements
3.2
Budgeted Financial Statements
Analysis of Budgeted Financial Statements
Budgeted Statement of Comprehensive Income - Departmental
Finance is projecting for a $51.9 million deficit for 2013-14, down from the $27.7 million
surplus projected at budget. This is primarily due to a reduction in expected rental
incomes from Commonwealth entities and a write-down of a reinsurance asset.
Budget Balance Sheet - Departmental
The budgeted equity position for 2013-14 of $2,240.2 million is $21.1 million lower than
the $2,261.3 million projected at budget. This is primarily due to the reduced surplus
for 2013-14.
Schedule of Administered Activity
Budgeted Schedule of Comprehensive Income - Administered
Estimated administered income for 2013-14 has decreased by $422.8 million to
$1,983.8 million from the $2,406.6 million projected at budget. This is primarily due to
revisions to interest and dividends on the Nation Building Funds and Government
Business Enterprises.
Estimated administered expenses for 2013-14 have increased to $10,352.3 million from
the $9,462.8 million reported at budget. This increase is primarily due to revisions to
superannuation estimates.
Budgeted Schedule of Assets and Liabilities - Administered
Administered assets are estimated to total $14,366.1 million by 30 June 2014, up from
the $14,142.8 million reported at budget. This increase is primarily due to adjustments
to the Nation Building Funds estimates at MYEFO.
Administered liabilities are estimated to total $97,368.8 million by 30 June 2014, down
from the $97,384.0 million reported at budget. This decrease is due mainly to a revision
of superannuation estimates.
47
Finance Additional Estimates Statements
Table 3.2.1: Budgeted Statement of Comprehensive Income – Departmental
(Showing Net Cost of Services)
for the period ended 30 June
Actual
2012-13
$'000
Revised
budget
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
Forward
estimate
2016-17
$'000
EXPENSES
Employee benefits
Suppliers
Insurance claims
Depreciation and amortisation 1
Net losses from disposal 2
Losses on valuation of investment property
Other expenses
Total expenses
181,735
196,457
92,849
25,819
2,394
8,486
507,740
179,020
234,918
84,621
31,184
230
65,849
595,822
170,574
199,296
88,370
32,122
684
7,299
498,345
167,180
193,831
92,287
32,827
507
7,299
493,931
164,814
198,793
96,378
33,707
1,627
771
7,299
503,389
LESS
OWN-SOURCE INCOME
Own-source revenue
Sale of goods and rendering of services
Interest
Insurance premiums
Rental income
Other own-source revenue
Total own-source revenue
111,559
5,470
82,705
47,666
11,405
258,805
128,415
88,087
68,882
5,500
290,884
127,023
92,201
82,488
4,300
306,012
116,400
96,240
84,928
4,900
302,468
111,811
100,440
86,947
4,900
304,098
4,260
38,396
42,656
1,659
1,386
3,045
281
1,386
1,667
50
1,386
1,436
1,386
1,386
Total own-source income
301,461
293,929
307,679
303,904
305,484
Net cost of (Contribution by)
services
206,279
301,893
190,666
190,027
197,905
Revenue from Government
274,448
253,989
226,758
228,507
235,826
68,169
(47,904)
36,092
38,480
37,921
5,542
4,002
4,002
4,002
4,002
Surplus (Deficit) attributable to
the Australian Government
62,627
(51,906)
32,090
34,478
33,919
Total comprehensive income (loss)
attributable to the Australian
Government
62,627
(51,906)
32,090
34,478
33,919
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
Table continues on next page
48
Finance Additional Estimates Statements
Note: Impact of Net Cash Appropriation Arrangements
2012-13
$'000
2013-14
$'000
2014-15
$'000
2015-16
$'000
2016-17
$'000
Total comprehensive income
(loss) less depreciation/amortisation
expenses previously funded through
revenue appropriations.
77,311
(32,414)
51,913
54,302
53,743
plus depreciation/amortisation expenses
previously funded through revenue
appropriations 1
14,684
19,492
19,823
19,824
19,824
Total comprehensive income
(loss) - as per the Statement of
Comprehensive Income
62,627
(51,906)
32,090
34,478
33,919
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 programme
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 (2012-13) includes
a revaluation increment for the Commonwealth Law Courts ($36.5m) which reverses a 2011-12 revaluation
decrement.
49
Finance Additional Estimates Statements
Table 3.2.2: Budgeted Balance Sheet – Departmental
as at 30 June
Actual
Forward
estimate
2014-15
$'000
Forward
estimate
Forward
estimate
2012-13
$'000
Revised
budget
2013-14
$'000
2015-16
$'000
2016-17
$'000
3,284
5,000
5,000
5,000
5,000
789,143
719,277
660,011
659,730
702,049
9,224
9,224
9,224
9,224
9,224
801,651
733,501
674,235
673,954
716,273
933,481
1,211,341
1,538,852
950,732
989,751
16,560
30,435
39,434
47,562
53,372
608,303
632,393
631,709
631,202
630,431
69,424
83,550
89,951
91,709
92,757
5,279
5,279
5,279
5,279
5,279
1,633,047
1,962,998
2,305,225
1,726,484
1,771,590
2,434,698
2,696,499
2,979,460
2,400,438
2,487,863
32,037
38,585
45,133
51,681
58,229
34,112
34,112
34,112
34,112
34,112
17,953
84,102
18,720
91,417
19,487
98,732
20,254
106,047
21,021
113,362
60,840
63,272
65,704
68,136
70,568
295,170
295,170
295,170
295,170
295,170
Total provisions
6,410
362,420
6,410
364,852
6,410
367,284
6,410
369,716
6,410
372,148
Total liabilities
446,522
456,269
466,016
475,763
485,510
1,988,176
2,240,230
2,513,444
1,924,675
2,002,353
ASSETS
Financial assets
Cash and cash equivalents 1
Trade and other receivables
2
Other financial assets
Total financial assets
Non-financial assets
Land and buildings 3
Property, plant and equipment
Investment property
3
Intangibles
Other non-financial assets
Total non-financial assets
Total assets
LIABILITIES
Payables
Suppliers
Return of equity
Other payables
Total payables
Provisions
Employee provisions
Outstanding insurance claims
Other provisions
Net assets
Table continues on next page
50
Finance Additional Estimates Statements
Table 3.2.2: Budgeted Balance Sheet - Departmental
as at 30 June (continued)
Actual
Budget
estimate
Forward
estimate
Forward
estimate
Forward
estimate
2012-13
$'000
2013-14
$'000
2014-15
$'000
2015-16
$'000
2016-17
$'000
1,584,105
1,888,065
2,129,189
1,505,942
1,549,701
124,382
124,382
124,382
124,382
124,382
279,689
227,783
259,873
294,351
328,270
1,988,176
2,240,230
2,513,444
1,924,675
2,002,353
EQUITY 4
Contributed equity
Reserves
Retained surplus
(Accumulated deficit)
Total equity
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.
4
‘Equity’ is the residual interest in assets after deduction of liabilities.
51
Finance Additional Estimates Statements
Table 3.2.3: Statement of Changes in Equity — Departmental
for the period ended 30 June 2014
Retained
earnings
Contributed
equity/
capital
$'000
Total
equity
$'000
Asset
revaluation
reserve
$'000
279,689
124,382
1,584,105
1,988,176
-
-
-
-
279,689
124,382
1,584,105
1,988,176
-
-
-
-
(51,906)
-
-
(51,906)
-
-
-
-
(22,891)
(22,891)
-
-
317,988
317,988
-
-
10,921
10,921
-
-
(2,058)
(2,058)
-
-
303,960
303,960
227,783
124,382
1,888,065
2,240,230
$'000
Opening balance as at 1 July 2013
Balance carried forward from
previous period
Adjustments
Adjusted opening balance
Comprehensive income
Other comprehensive income
Surplus (deficit) for the period
Total comprehensive income
(51,906)
(51,906)
Transactions with owners
Distributions to owners
Returns of capital
Distribution of equity
Contributions by owners
Equity injection - appropriation 1
Departmental capital budget (DCB)
Assets transferred in (out) 2
Total transactions with owners
Closing balance
as at 30 June 2014
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.
52
Finance Additional Estimates Statements
Table 3.2.4: Budgeted Statement of Cash Flows - Departmental
for the period ended 30 June
Actual
2012-13
$'000
Revised
budget
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
Forward
estimate
2016-17
$'000
260,006
254,187
226,758
228,507
235,826
117,088
188,687
127,295
116,672
112,083
82,705
88,087
92,201
96,240
100,440
6,106
-
-
-
-
-
361,532
378,012
135,264
83,232
47,666
68,882
82,488
84,928
86,947
513,571
961,375
906,754
661,611
618,528
183,119
176,588
168,142
164,748
162,382
214,126
228,370
192,748
187,283
192,245
54,738
84,621
88,370
92,287
96,378
47,837
403,265
316,506
128,279
121,748
-
11,301
11,301
11,301
11,301
499,820
904,145
777,067
583,898
584,054
13,751
57,230
129,687
77,713
34,474
3,600
62
2,500
3,600
62
2,500
OPERATING ACTIVITIES
Cash received
Appropriations
Sale of goods and
rendering of services
Insurance premiums
Reinsurance and
other recoveries
Net cash transfer from OPA
Rent received
Total cash received
Cash used
Employees
Suppliers
Insurance claims
Net cash transfer to OPA
Other cash used
Total cash used
Net cash from (used by)
operating activities
INVESTING ACTIVITIES
Cash received
Proceeds from sales of assets
260
-
Total cash received
260
Cash used
Purchase of assets
Total cash used
157,225
157,225
361,532
361,532
378,012
378,012
135,264
135,264
83,232
83,232
(156,965)
(361,532)
(374,412)
(135,202)
(80,732)
Net cash from (used by)
investing activities
-
Table continues on next page
53
Finance Additional Estimates Statements
Table 3.2.4: Budgeted Statement of Cash Flows - Departmental
for the period ended 30 June (continued)
Actual
2012-13
$'000
Revised
budget
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
Forward
estimate
2016-17
$'000
183,509
328,909
270,485
92,470
81,239
183,509
328,909
270,485
92,470
81,239
42,000
22,891
25,760
34,981
34,981
42,000
22,891
25,760
34,981
34,981
141,509
306,018
244,725
57,489
46,258
(1,705)
1,716
-
-
-
4,989
3,284
5,000
5,000
5,000
3,284
5,000
5,000
5,000
5,000
FINANCING ACTIVITIES
Cash received
Appropriations contributed equity
Total cash received
Cash used
Capital repayments
Total cash used
Net cash from (used by)
financing activities
Net increase (decrease)
in cash held
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the
end of the reporting period
Prepared on Australian Accounting Standards basis.
54
Finance Additional Estimates Statements
Table 3.2.5: Budgeted Capital Budget Statement – Departmental
for the period ended 30 June
Actual
2012-13
$'000
Revised
budget
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
Forward
estimate
2016-17
$'000
8,290
10,921
11,045
10,971
11,014
154,455
317,988
259,440
81,499
70,225
162,745
328,909
270,485
92,470
81,239
162,745
328,909
270,485
92,470
81,239
162,745
328,909
270,485
92,470
81,239
6,367
10,921
11,045
10,970
11,014
150,869
323,257
351,096
108,629
56,555
2,890
27,354
15,873
15,665
15,664
160,126
361,532
378,014
135,264
83,233
160,126
361,532
378,014
135,264
83,233
160,126
361,532
378,014
135,264
83,233
New capital appropriations
Departmental capital budget - Act 1
Equity injections - Act 2
Total new capital appropriations
Provided for
Purchase of non-financial assets
Total
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 purchase of non- financial assets
Reconciliation of cash used to acquire
assets to asset movement table
Total asset additions
Total cash used to
acquire assets
1
Includes the following sources of funding:
-
current and prior year annual appropriations; and
funds held in special accounts
55
Finance Additional Estimates Statements
Table 3.2.6: Budgeted Statement of Asset Movements - Departmental
for the period ended 30 June 2014
Land
As at 1 July 2013
Gross book value
Accumulated depreciation /
amortisation and impairment
Opening net book value
Buildings
Other
Investment
Total
property
Computer
software
and
intangibles
$'000
$'000
infrastructure,
plant and
equipment
$'000
$'000
$'000
$'000
321,471
612,010
16,560
608,303
123,487
1,681,831
321,471
612,010
16,560
608,303
(54,063)
69,424
(54,063)
1,627,768
-
290,155
1,458
22,431
9,214
323,258
-
-
1,954
-
8,967
10,921
-
290,155
23,746
-
27,158
22,431
3,607
21,788
27,353
361,532
-
(599)
(1,459)
-
-
(2,058)
(11,825)
-
(7,664)
(31,184)
-
-
-
-
-
1,659
CAPITAL ASSET ADDITIONS
Estimated expenditure on
new or replacement assets
By purchase/construction
- appropriation equity 1
By purchase/construction
- appropriation ordinary
annual
services 2
By purchase/construction
- internally funded
Total additions
Other movements
Assets transferred in (out)
Depreciation/amortisation
expense
Disposals
-
(11,695)
-
-
3
Gains
Total other movements
As at 30 June 2014
Gross book value
Accumulated depreciation /
amortisation and impairment
Closing net book value
-
(12,294)
(13,284)
1,659
(7,664)
1,659
(31,583)
321,471
901,566
42,259
632,393
145,275
2,042,964
-
(11,695)
(11,825)
-
(61,727)
(85,247)
321,471
889,871
30,434
632,393
83,548
1,957,717
Prepared on Australian Accounting Standards basis.
1
Appropriation equity refers to equity injections provided through Appropriation Act (No.2) 2013-14.
2
Appropriation ordinary annual services refers to funding provided through Appropriation Act (No.1) 2013-14 for
departmental capital budget and other operational expenses.
3
Net proceeds may be returned to the Official Public Account.
56
Finance Additional Estimates Statements
Table 3.2.7: Budgeted Schedule of Comprehensive Income - Administered
(Showing Net Cost of Services)
for the period ended 30 June
Actual
Revised
budget
2013-14
$'000
2012-13
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
Forward
estimate
2015-16
$'000
2016-17
$'000
EXPENSES ADMINISTERED ON
BEHALF OF GOVERNMENT
Employee benefits
Suppliers
Superannuation
236,910
252,164
228,679
225,478
227,976
198,512
221,241
223,792
230,309
239,371
7,959,092
7,977,529
7,177,326
7,320,632
7,448,499
2,118,065
1,877,827
1,564,925
1,069,501
234,067
680
678
694
711
727
15,570
20,707
20,698
20,689
20,691
135,064
292
104
106
106
395,343
1,900
1,900
1,900
1,900
11,059,236
10,352,338
9,218,118
8,869,326
8,173,337
3,989
4,688
4,688
4,688
4,688
925,521
461,723
501,048
578,036
579,829
1,499,161
1,441,041
1,391,057
1,341,059
1,292,373
29,858
23,790
24,136
24,136
19,136
2,458,529
1,931,242
1,920,929
1,947,919
1,896,026
2,458,529
1,931,242
1,920,929
1,947,919
1,896,026
1
Expenses incurred from
the NBF/DCAF 2
Grants
Depreciation and amortisation
Write-down and impairment
of assets
Other expenses
Total expenses administered
on behalf of Government
LESS:
INCOME
Non-taxation revenue
Goods and services
Interest and dividends
3
Superannuation contributions
Other revenue
Total non-taxation revenue
Total revenue
4
Table continues on next page
57
Finance Additional Estimates Statements
Table 3.2.7: Budgeted Schedule of Comprehensive Income - Administered
(Showing Net Cost of Services)
for the period ended 30 June (continued)
Actual
Revised
budget
Forward
estimate
Forward
estimate
Forward
estimate
2012-13
$'000
2013-14
$'000
2014-15
$'000
2015-16
$'000
2016-17
$'000
Gains
Sale of assets
Foreign exchange gains
Other gains
Total gains
Total income
-
48,680
33,206
39,468
45,773
84,022
-
-
-
-
581,134
3,886
3,886
3,886
3,886
665,156
52,566
37,092
43,354
49,659
3,123,685
1,983,808
1,958,021
1,991,273
1,945,685
7,935,551
8,368,530
7,260,097
6,878,053
6,227,652
(7,935,551)
(8,368,530)
(7,260,097)
(6,878,053)
(6,227,652)
Net cost of (contribution by)
services
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
Expenses incurred from the NBF/DCAF represent estimates of expenses to be transferred from the Nation
Building Funds and the DisabilityCare Australia Fund to other agencies. This item 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 2012-13. For more detail on the earnings for each fund refer
to Tables 3.1.1.1, 3.1.1.2, 3.1.1.3 and 3.1.1.4. Dividend revenue represents revenue from CAC Act entities
which are treated as administered assets of the department.
4
Principally CSS and PSS employer contributions.
58
Finance Additional Estimates Statements
Table 3.2.8: Budgeted Schedule of Assets and Liabilities – Administered
as at 30 June
Actual
Forward
estimate
2014-15
$'000
Forward
estimate
Forward
estimate
2012-13
$'000
Revised
budget
2013-14
$'000
2015-16
$'000
2016-17
$'000
12,149
483,987
2,340
15,899,059
54,763
16,452,298
167,342
2,157
14,038,163
46,246
14,253,908
161,795
2,157
14,896,344
46,246
15,106,542
155,942
2,157
17,254,570
46,246
17,458,915
149,732
2,157
19,153,909
46,246
19,352,044
104,150
3,161
3,458
110,769
102,288
6,427
3,458
112,173
97,183
6,443
3,458
107,084
92,121
6,459
3,458
102,038
87,164
6,475
3,458
97,097
16,563,067
14,366,081
15,213,626
17,560,953
19,449,141
LIABILITIES
Payables
Suppliers
Other payables 3
Total payables
334,074
6,210
340,284
15,665
6,210
21,875
15,665
6,210
21,875
15,665
6,210
21,875
15,665
6,210
21,875
Provisions
Employees 4
Superannuation 5
Other provisions
Total provisions
186,501
124,947,502
20,365
125,154,368
186,501
97,133,761
17,035
97,337,297
186,501
100,036,953
16,191
100,239,645
186,501
102,907,246
15,258
103,109,005
186,501
105,720,611
14,236
105,921,348
9,667
9,667
9,667
9,667
9,667
9,667
9,667
9,667
9,667
9,667
125,504,319
97,368,839
100,271,187
103,140,547
105,952,890
(108,941,252)
(83,002,758)
(85,057,561)
(85,579,594)
(86,503,749)
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
Interest bearing liabilities
Leases
Total interest
bearing liabilities
Total liabilities
Net assets (liabilities)
Prepared on Australian Accounting Standards basis.
1
The 2012-13 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 and the DisabilityCare Australia Fund. 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 2012-13 figure for other payables does not include overnight cash balance payable, as this is not included
as part of Finance’s estimates.
59
Finance Additional Estimates Statements
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.
60
Finance Additional Estimates Statements
Table 3.2.9: Budgeted Schedule of Cash Flows - Administered
for the period ended 30 June
OPERATING ACTIVITIES
Cash received
Rendering of services
Interest and dividends 1
Superannuation contributions
Other cash received 3
Total cash received
2
Cash used
Employees 4
Expenses paid from the NBF/DCAF 5
Grant payments
Superannuation 6
Suppliers
Total cash used
Actual
Revised
budget
Forward
estimate
Forward
estimate
Forward
estimate
2012-13
$'000
2013-14
$'000
2014-15
$'000
2015-16
$'000
2016-17
$'000
6,185
292,447
3,059,393
284,631
3,642,656
4,676
756,226
1,437,160
1,610,417
3,808,479
4,686
495,754
1,387,312
1,733,497
3,621,249
4,686
572,656
1,337,451
1,859,351
3,774,144
4,686
574,481
1,291,900
1,996,447
3,867,514
233,288
2,118,065
1,172
5,305,705
188,220
7,846,450
252,120
1,877,827
678
5,559,285
223,379
7,913,289
228,481
1,564,925
694
5,803,440
225,426
7,822,966
225,430
1,069,501
711
6,068,852
232,250
7,596,744
229,339
234,067
727
6,361,967
244,235
7,070,335
(4,203,794)
(4,104,810)
(4,201,717)
(3,822,600)
(3,202,821)
137
-
-
-
-
32,171,019
1,916,204
1,950,362
1,637,660
2,490,148
13,987
14,195
11,728
12,550
11,601
32,185,143
1,930,399
1,962,090
1,650,210
2,501,749
23,985
22,317
15,806
15,843
15,950
29,894,214
308,184
2,775,840
3,957,468
4,343,514
-
27,195
375,510
558,688
2,246,562
29,918,199
357,696
3,167,156
4,531,999
6,606,026
2,266,944
1,572,703
(1,205,066)
(2,881,789)
(4,104,277)
Net cash from (used by)
operating activities
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 property, plant
and equipment
Purchase of investments
7
Expenses paid from the NBF/DCAF
Total cash used
5
Net cash from (used by)
investing activities
Table continues on next page
61
Finance Additional Estimates Statements
Table 3.2.9: Budgeted Schedule of Cash Flows - Administered
for the period ended 30 June (continued)
Actual
2012-13
$'000
Revised
budget
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
Forward
estimate
2016-17
$'000
-
-
2,475,000
3,600,000
3,929,000
-
1,586,628
1,709,554
1,835,417
1,977,520
1,587,815
22,971
16,531
16,647
16,838
1,587,815
1,609,599
4,201,085
5,452,064
5,923,358
1,587,815
1,609,599
4,201,085
5,452,064
5,923,358
(349,035)
(922,508)
(1,205,698)
(1,252,325)
(1,383,740)
12,149
-
-
-
-
4,152,578
4,437,010
4,537,837
4,681,553
4,848,343
(3,815,692)
(3,514,502)
(3,332,139)
(3,429,228)
(3,464,603)
-
-
-
-
-
FINANCING ACTIVITIES
Cash received
DisabilityCare Australia
contributions
Special capital appropriations
Appropriations - contributed equity
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 the
end of the reporting period
Prepared on Australian Accounting Standards basis.
1
Estimates of interest include interest earnings for the three Nation Building Funds and DisabilityCare Australia
Fund. For more detail on the interest estimates for each fund refer to tables 3.1.1.1, 3.1.1.2 , 3.1.1.3 and
3.1.1.4.
2
Primarily represents 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
Represents estimates of cash payments from the Nation Building Funds and the DisabilityCare Australia Fund
to other agencies’ Special Accounts.
6
Represents expenditure associated with unfunded liabilities for the Australian Government’s civilian
superannuation schemes.
7
The 2012-13 figure relates to turnover of investments held relating to the Nation Building Funds. Estimates
from 2013-14 onwards do not include an estimate of the turnover as this is not possible to estimate.
8
The 2012-13 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.
62
Finance Additional Estimates Statements
Table 3.2.10: Budgeted Capital Budget Schedule – Administered
for the period ended 30 June
Actual
2012-13
$'000
Revised
budget
2013-14
$'000
Forward
estimate
2014-15
$'000
Forward
estimate
2015-16
$'000
Forward
estimate
2016-17
$'000
3,194
7,890
4,805
4,837
4,944
11,486
8,967
1,588
1,667
1,751
1,635,644
1,586,628
1,709,554
1,835,417
1,977,520
1,650,324
1,603,485
1,715,947
1,841,921
1,984,215
4,057
16,203
5,668
5,700
5,807
1,646,267
1,587,282
1,710,279
1,836,221
1,978,408
1,650,324
1,603,485
1,715,947
1,841,921
1,984,215
3,194
7,890
4,805
4,837
4,944
5,063
4,113
863
863
863
9,874
10,314
10,138
10,143
10,143
18,131
22,317
15,806
15,843
15,950
New capital appropriations
Administered capital budget - Act 1 1
Administered assets and
liabilities - Act 2 2
Special capital appropriations 3
Total new capital appropriations
Provided for
Purchase of non-financial assets
Other
Total
Purchase of non-financial assets
Funded by administered
capital budget - Act 1
Funded by administered assets and
liabilities appropriations - Act 2
Funded by special appropriations
Total purchase of non-financial assets
1
The administered capital budget is used to fund the replacement of assets purchased through Act 1
administered 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.
63
Finance Additional Estimates Statements
Table 3.2.11: Budgeted Schedule of Asset Movements - Administered
for the period ended 30 June 2014
Asset Category
Buildings
Other
Intangibles
Total
$'000
infrastructure,
plant and
equipment
$'000
$'000
$'000
41,715
62,809
3,333
107,857
(374)
-
(172)
(546)
41,341
62,809
3,161
107,311
-
847
3,266
4,113
5,617
2,273
-
7,890
8,261
2,053
-
10,314
13,878
5,173
3,266
22,317
(12,209)
(8,498)
-
(20,707)
(206)
-
-
(206)
(12,415)
(8,498)
-
(20,913)
55,387
67,982
6,599
129,968
(12,583)
(8,498)
(172)
(21,253)
42,804
59,484
6,427
108,715
As at 1 July 2013
Gross book value
Accumulated depreciation/amortisation
and impairment
Opening net book value
CAPITAL ASSET ADDITIONS
Estimated expenditure on
new or replacement assets
By purchase - administered
assets and liabilities - Act 2
By purchase - administered
capital budget - Act 1
By purchase - special appropriations
Total additions
Other movements
Depreciation/amortisation expense
Disposals
Total other movements
As at 30 June 2014
Gross book value
Accumulated depreciation/amortisation
and impairment
Closing net book value
Prepared on Australian Accounting Standards basis.
64
PORTFOLIO GLOSSARY
Term
Meaning
Accumulated
Depreciation
The aggregate depreciation recorded for a particular
depreciating asset.
Acts 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, subsidies 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 No.3 and No.4, and a separate
Bill for the Parliamentary Departments (Parliamentary
Departments) Bill (No.2). These Bills are introduced into
Parliament after the Budget Bills.
Appropriation
An authorisation by Parliament to spend monies from the
Consolidated Revenue Fund for a particular purpose.
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.
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.
65
Portfolio Glossary
Term
Meaning
Consolidated
Revenue Fund
s.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.
Operating Result
Equals income less expense.
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.
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Acronyms
Term
Meaning
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.
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 s.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. Prescribed legal authority and
responsibility to manage their financial affairs.
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 s.20 or s.21). Special
accounts allow money in the CRF to be acknowledged as
set-aside (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 (s.20 FMA Act) or through an Act of Parliament
(referred to in s. 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.
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ACRONYMS
Acronym
Description
AAO
Administrative Arrangements Order
AO
Officer of the Order of Australia
AEC
Australian Electoral Commission
ANAO
Australian National Audit Office
APS
Australian Public Service
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
CSS
Commonwealth Superannuation Scheme
CSS Act
Superannuation Act 1976
DCAF
DisabilityCare Australia Fund
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
Finance Minister
Minister for Finance
FMA Act
Financial Management and Accountability Act 1997
68
Acronyms
Acronym
Description
GBEs
Government Business Enterprises
HHF
Health and Hospitals Fund
ICON
Intra-Government Communications Network
ICT
Information and Communications Technology
JSCEM
Joint Standing Committee on Electoral Matters
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
NBF
Nation Building Funds
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
SMOS
Special Minister of State
SPPs
Special Purpose Payments
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