Media release
FROM THE OFFICE OF THE SECRETARY
27 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 071 – Student Leadership Campuses
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: Student Leadership Campuses
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
Student Leadership Campuses
Funding to establish two additional campuses of the School for Student
Leadership.
17 November 2014
19 November 2014
n/a
n/a
DTF considers a TEI of $10 million a reasonable estimate of the capital
cost required to deliver the two campuses, noting that the scope of each
project can be managed to be delivered within the proposed fixed
budget.
The Coalition has included an estimated output cost of $1.0 million in
2017-18 and 2018-19, which DTF considers reasonable. DTF notes that
the final output cost will depend on the size of the facility and the range
of programs offered at the campuses.
The cost of the proposed output initiative for the forward estimates period is set out below:
2014-15
($ million)
2015-16
($ million)
DTF costing of output initiative
2016-17
($ million)
Four year total
(2014-15 to
2017-18
2017-18)
($ million)
($ million)
1.0
1.0
The cost of the proposed asset initiative is set out below:
TEI
($ million)
DTF costing of asset initiative
10.0
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.
n/a
n/a
DTF has assumed that land for the two campuses is repurposed Crown
land or is privately donated. DTF cannot validate the availability of land,
and any requirement to purchase land may impact the cost and
scalability of projects.
Title: Student Leadership Campuses
1
Associated material: Copy of request as
received by DTF and any additional
information requested by DTF from
party.
n/a
Title: Student Leadership Campuses
2