Media release
FROM THE OFFICE OF THE SECRETARY
21 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 069 – Funding boost to Personal Alert 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: Personal Alert 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;
Coalition
Funding boost to Personal Alert Victoria
Additional funding for Personal Alert Victoria
Unavailable
19 November 2014
NA
NA
DTF considers the cost estimate to be reasonable, noting that the
proposal provides capped funding for the expansion of an existing
scalable program.
 policy parameters;
 statistical data used; and
 behavioural assumptions used (as
appropriate).
The cost of the proposed output initiative for the forward estimates period is set out below:
2014-15
($ million)
2015-16
($ million)
2016-17
($ million)
0.000
0.250
0.250
DTF costing of output initiative
Four year total
(2014-15 to
2017-18
2017-18)
($ million)
($ million)
0.250
0.750
The Coalition has included an estimate for 2018-19 of $0.250 million. DTF has undertaken a
costing of this figure and considers $0.250 million to be a reasonable estimate for 2018-19 and
notes that this would bring the total estimated cost of the proposal to $1.000 million over five
years.
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.
NA
NA
NA
Attached
Title: Personal Alert Victoria
1