Media release
FROM THE OFFICE OF THE SECRETARY
14 November 2014
RELEASE OF COSTING OF ELECTION COMMITMENT
Pursuant to section 6.45 of the 2014 Guidelines on the Caretaker Conventions the Department of
Treasury and Finance (DTF) today released the costing of the following election commitment of the
Liberal National Coalition Party of Victoria:
Coalition 022 – Commitments to a stronger Aboriginal Victoria
The election policy costing was completed in accordance with DTF’s Guidelines for managing
requests from a political party for costing of its own policies (the policy costing guidelines) available
at: www.dtf.vic.gov.au/election2014.
The completed costing is attached to this media release.
David Martine
Secretary
Department of Treasury and Finance
Consistent with the DTF policy costing guidelines, the contact for Parties requesting DTF costings is:
Mr Ismo Rama
Telephone: 9651 5368
Email: ismo.rama@dtf.vic.gov.au
For media inquiries please contact: Mr Bruce Atherton
Telephone: 0404 097 654
Email: bruce.atherton@dtf.vic.gov.au
Department of Treasury and Finance
1 Treasury Place Melbourne Victoria 3002
Ph: +61 3 9651 5111 Fax: +61 3 9651 2062
Website: dtf.vic.gov.au
Election 2014 – Policy costing
Title: Commitment to a stronger Aboriginal Victoria
Party making the request
Name of policy
Description of policy
Date of public release of policy
Date of receipt of request
Additional information requested
(including date)
Additional information received
(including date)
Costing methodology used:
 scope of initiative;
 costing techniques;
 policy parameters;
 statistical data used; and
 behavioural assumptions used (as
appropriate).
Coalition
Commitment to a stronger Aboriginal Victoria
Provide $1 million for a grants program to protect and promote
Aboriginal history and cultural heritage.
Protecting Aboriginal Culture and Heritage by providing up to $12
million for Registered Aboriginal Parties.
Continue funding for Reconciliation Victoria.
Provide additional funding to support newly established Victorian
Aboriginal Economic Board to work with industries and employers to
review employment opportunities for Aboriginal Victorians and advise
on addressing any identified barriers.
8 November 2014
11 November 2014
N/A
N/A
DTF considers the costs to be a reasonable estimate based
on the following:
Grants and Commemoration program - The program can be
scaled to fit within the proposed budget.
Registered Aboriginal Parties (RAPs) - The program can be
scaled to fit within the proposed budget.
Reconciliation Victoria - The estimate is consistent with
previous funding provided for Reconciliation Victoria as part
of the 2011-12 Budget.
Aboriginal Economic Strategy - The program can be scaled to fit within
the proposed budget.
The cost of the proposed output initiative for the forward estimates period is set out below:
DTF costing of output initiative
2014-15
($ million)
2015-16
($ million)
2016-17
($ million)
0
1.735
3.735
Four year total
(2014-15 to
2017-18
2017-18)
($ million)
($ million)
5.135
10.605
The Coalition has included an estimate for 2018-19 of $5.135 million. DTF has undertaken a
costing of this figure and considers $5.135 million to be a reasonable estimate for 2018-19 and
notes that this would bring the total estimated cost of the proposal to $15.740 million over five
years.
Title: Commitment to a stronger Aboriginal Victoria
1
DTF comments section
Where relevant, includes separate
identification of revenue, expense, asset
and liability components.
Where appropriate, includes range for
the costing or sensitivity analysis.
Caveats or qualifications to the costing.
Associated material: Copy of request as
received by DTF and any additional
information requested by DTF from
party.
N/A
N/A
N/A
N/A
Title: Commitment to a stronger Aboriginal Victoria
2