Department of
State Development,
Business and Innovation
Annual Report 2013-14
Contents
01 Overview ...................................................................................................................................................... 4
Secretary’s foreword ........................................................................................................................................... 4
Department overview .......................................................................................................................................... 7
Major department changes during 2013-14 ....................................................................................................... 7
Organisational chart ............................................................................................................................................ 8
Governance arrangements ...............................................................................................................................11
Highlights for 2013-14.......................................................................................................................................14
02 Significant achievements and other highlights against strategic objectives .................................... 17
Assist businesses in accessing skilled workers to align with Victoria’s industry needs ...................................17
Promote Victoria to attract tourists, investors and students .............................................................................19
Support organisations to boost their productivity through innovation ...............................................................22
Provide market intelligence and assistance to organisations to make it easy to invest in Victoria ..................26
Create more opportunities for Victorian businesses to grow and become more productive and
competitive in the global marketplace ..............................................................................................................30
Promote the delivery of safe, reliable and competitive energy services, and grow a sustainable
resources sector ...............................................................................................................................................36
03 Financial Report ........................................................................................................................................ 39
Introduction .......................................................................................................................................................39
Contents ...........................................................................................................................................................40
Comprehensive operating statement ................................................................................................................41
Balance sheet ...................................................................................................................................................42
Statement of changes in equity ........................................................................................................................43
Cash flow statement .........................................................................................................................................44
Notes to the financial statements .....................................................................................................................45
Accountable Officer’s and Chief Finance Officer’s Declaration ......................................................................123
Auditor-General’s report .................................................................................................................................124
04 Appendices ............................................................................................................................................. 126
Contents .........................................................................................................................................................126
Appendix 1: Disclosure index .........................................................................................................................127
Appendix 2: Administrative structure of the Department ................................................................................129
Appendix 3: Departmental objectives, indicators and progress .....................................................................129
Appendix 4: Output groups .............................................................................................................................133
Appendix 5: Financial review of operations and financial conditions .............................................................140
Appendix 6: Grants and related assistance ....................................................................................................141
Appendix 7: Consultancies .............................................................................................................................207
Appendix 8: Budget portfolio outcomes ..........................................................................................................208
Appendix 9: Workforce information ................................................................................................................216
Appendix 10: Human Resource Management ...............................................................................................220
Appendix 11: Human rights and responsibilities charter ................................................................................226
Appendix 12: International Victorian Government Business Offices ..............................................................226
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Appendix 13: Implementation of the Victorian Industry Participation Policy ..................................................246
Appendix 14: Office-based environmental impacts ........................................................................................246
Appendix 15: Legislation administered by the Department of State Development, Business and
Innovation .......................................................................................................................................................254
Appendix 16: Freedom of information ............................................................................................................257
Appendix 17: Compliance and Attestations ....................................................................................................258
Appendix 18: Summary of additional departmental information available upon request ...............................261
Appendix 19: Contact details ..........................................................................................................................262
Appendix 20: Departmental acronyms ...........................................................................................................269
Department of State Development, Business and Innovation Annual Report 2013-14
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01 Overview
Secretary’s foreword
Economic context
Economic conditions in the state were subdued but stable in 2013-14. Victoria’s economic growth over the
year continued to reflect an economy hampered by fluctuating consumer and business sentiment and weak
private investment and jobs growth. State final demand rose 1.8 per cent over the year to March 2014 with
consumption contributing almost all the growth over that period, although housing investment was also
important.
While interest rates remained low, limited overall demand meant that businesses were cautious and focused
on maintaining markets rather than investing for growth. This is reflected in a slight decline in private
business investment in the year to March 2014. The declining share of manufacturing in the economy – a
transition which has been occurring for at least twenty years – will mean a smaller ongoing contribution from
manufacturing to business investment but ultimately a more diverse economy with greater resilience to
industry-specific shocks.
Employment conditions in Victoria have remained soft with the rate of job growth trailing population growth.
Unemployment has risen while participation has trailed off, partly due to the ageing of the workforce but also
due to weak employment demand and scarce opportunities. However, despite this, labour market conditions
are stronger than experienced in previous periods of adjustment such as the early 1990s. Population growth
has remained a key support for the labour market, fuelled by both net overseas and interstate migration,
reflecting the attractive liveability and sound economic prospects of the state.
Positive outcomes were seen in relation to exports, with exports from Victoria growing during 2013. Goods
exports grew strongly, led by food items, while tourism was a major area of growth in services exports.
Exchange rates moderated during 2013, compared with highs in recent years. However, they have
strengthened slightly again in 2014, leading to growing import competition.
After a period of restrained growth, Victoria’s economic performance looks set to improve in 2014-15.
Buoyed by stronger household consumption and private investment, real gross state product is forecast to
grow to 2.5 per cent in 2014-15 from a forecast 2.0 per cent in 2013-14. These improved conditions will
complement the state’s existing strengths, including our links to emerging and established economies in
Asia, the United States of America (USA) and Europe; our world-class health and education sectors; our
significant natural resources base; and the attraction of Melbourne to international tourists and associated
activities such as major events and conventions.
The department
2013-14 was a year of change and consolidation at the Department of State Development, Business and
Innovation (DSDBI) as the department incorporated three new functions - energy and earth resources,
whole-of-Victorian Government (WoVG) information and communication technology (ICT) and Regional
Development Victoria (RDV) - and established the Office of State Development (OSD) to streamline
investment facilitation activities.
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The department’s chief aim – to encourage economic growth through a supportive business environment – is
underpinned by a focus on expanding markets for Victorian businesses, attracting foreign investment to the
state and enhancing business productivity through innovation and red tape reduction.
The department’s Business Engagement Model supports our efforts towards these objectives by enabling us
to work directly with businesses to understand their needs. Over the year the department’s Business
Development Managers, based in five metropolitan and 18 regional offices, as well as 17 international
Victorian Government Business Offices (VGBO) engaged with 13,000 companies.
Details of the department’s achievements in 2013-14 are contained throughout this report. They confirm that
DSDBI has had a successful year.
Trade
In recent years the department’s Trade Engagement Program has been highly successful in promoting
Victorian industry capability and providing direct support for companies to develop new skills and export
markets. Building on the positive momentum generated in previous years, in 2013-14 the department
conducted a series of outbound trade missions for 900 organisations, including four Super Trade Missions
(STM) to China, the Middle East and Turkey, India and South-East Asia. Alongside the STM Program the
Victorian Government also continued its series of smaller-scale targeted trade missions, including a mission
to the USA to promote Victoria’s strong defence and aerospace capabilities and develop relationships
formed on previous defence missions. Complementing the outbound trade mission program, the department
conducted 12 inbound trade missions including International Food and Beverage Week, Australian
Automotive Week and the Melbourne-Latin America Education Symposium.
To encourage growth in Victoria’s tourism market, in 2013 Tourism Victoria launched two pivotal strategies,
Victoria’s 2020 Tourism Strategy and Victoria’s Regional Tourism Strategy 2013-16, providing industry
leadership for the future. Victoria’s 2020 Tourism Strategy outlines the Government’s plan to increase
overnight tourism expenditure to $24.7 billion by 2020. This represents annual growth of 6.6 per cent, in line
with the long-term national tourism strategy. Victoria’s Regional Tourism Strategy was developed to
stimulate tourism in regional areas and ensure that regional Victoria will share the economic benefits of the
tourism market. Tourism Victoria will implement both strategies in partnership with regional tourism boards,
local government, industry and other stakeholders to increase visitation to the state, particularly regional
Victoria.
Investment
The department continued to actively pursue investment in the state by local and international companies. In
2013-14, the department investment attraction and facilitation activities helped create 6,300 full-time
equivalent (FTE) jobs across 200 major investment projects worth more than $2.6 billion. A headline project
was Exelis, a global defence company establishing its Asia Pacific regional headquarters in Melbourne. The
department’s investment attraction and facilitation activities were further supported by the introduction of the
Significant Investment Desks in VGBOs in China (Shanghai), United Kingdom (UK)/Europe (London), SouthEast Asia (Kuala Lumpur) and India (Bangalore). The desks provide Victoria with an opportunity to capitalise
on its position as the leading Australian destination for business and investor migrants.
The Major Projects portfolio achievements in 2013-14 included substantial progress on the first stage of the
$366 million Melbourne Park Redevelopment which will be completed in time for the 2015 Australian Open.
Substantial progress was also achieved on the $45 million Galleries of Remembrance Project, which
developed a new gallery and education space underneath the Shrine of Remembrance. Practical completion
was achieved approximately 12 weeks ahead of schedule and on budget. In late June 2014 the Premier of
Victoria the Hon. Dr Denis Napthine MP, the Hon. David Hodgett MP and the Hon. Kim Wells MP officially
opened the $109 million Victorian Emergency Management Training Centre (VEMTC), a world-class
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emergency services training facility located in Craigieburn, which gives all Victorian emergency services
agencies access to real-life firefighting training scenarios.
Recognising that strategic investment in Victoria’s mining industry is needed to maximise the sector’s
potential, in 2013-14 the department established Minerals Development Victoria (MDV) as a single point-ofentry for investors and the lead agency for facilitating approvals for new resource projects and developments
in Victoria.
Whole of Victorian Government ICT
The Government’s ICT performance is a key focus for the department. In March 2014, a refreshed Victorian
Government ICT Strategy was released to further improve digital channels for citizens and businesses, and
standardise systems and processes to improve the productivity of government. Significant savings have
been achieved through renegotiation of WoVG telecommunications and software licensing contracts,
reflecting the commitment to be more strategic in the procurement of ICT products and services and achieve
better value for money.
Business competitiveness and consumer support
The department has also continued its efforts to support Victorian small businesses at a regulatory and
enterprise level. Amendments to the Small Business Commissioner Act 2003 were passed to strengthen the
powers and functions of the Victorian Small Business Commissioner to improve low cost business-tobusiness dispute resolution services. The Commissioner now has specific authority to help small businesses
in dispute with Victorian government departments, local councils and other Government agencies.
In 2013 the first ‘Support Small Business Day’ was held to encourage Victorians to explore their local
community and spend at local small businesses.
The earth resources sector makes a significant contribution to the Victorian economy, employing over 7,700
Victorians and contributing $6.4 billion to Victoria’s gross state product. A safe, reliable and competitive
energy sector is crucial to Victoria’s competitiveness and consumer wellbeing.
In order to improve information to energy consumers and maximise the benefits of smart meters, in
September 2013 the Government supported energy retailers to launch flexible electricity pricing options
which will give Victorian consumers more choice and a new independent online tool to help consumers
choose pricing plans that can save them money. The My Power Planner electricity price comparison website,
the first of its kind in Australia, has provided price comparisons and identified annual savings to over 70,000
customers.
Regional development
In response to the recommendations of the Victorian Bushfires Royal Commission in 2013-14 the
department began rolling out the Powerline Bushfire Safety Program (PBSP). In the first half of 2014,
approximately 45 kilometres of powerlines were replaced with underground or aerial bundled cable in high
fire risk areas (including work in the Otway Ranges and the Dandenong Ranges) and 30 back-up power
generators were installed in residential care facilities for vulnerable Victorians.
RDV continued to support projects that drive regional economies and help manage regional growth. For
example, in 2013-14 the Regional Growth Fund (RGF) committed $1.2 million to the development of Philip
Island’s tourism offerings, and $1.5 million towards Burra Foods’ $22 million expansion of its infant formula
production facility in Korumburra, illustrating the diverse ways in which the productive potential of regional
industries can be strengthened through careful government investment.
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Conclusion
The department has demonstrated its ability to remain focused during a period of change and I would like to
thank all officers for their continuing hard work and professionalism.
Howard Ronaldson
Secretary
Department of State Development, Business and Innovation
Department overview
Mission statement
DSDBI is the Victorian Government’s lead agency for the promotion and facilitation of the state’s economic
development. The department develops and implements a diverse range of programs, initiatives and projects
designed to attract and facilitate investment, encourage exports, generate job opportunities, stimulate
innovation and promote Victoria nationally and internationally.
Objectives
 Assist businesses in accessing skilled workers to align with Victoria’s industry needs
 Promote Victoria to attract tourists, investors and students
 Support organisations to boost their productivity through innovation
 Provide market intelligence and assistance to organisations to make it easy to invest in Victoria
 Create more opportunities for Victorian businesses to grow and become more productive and competitive
in the global marketplace
 Promote the delivery of safe, reliable and competitive energy services, and grow a sustainable resources
sector.
Values
The department has embraced the organisational values of accountability, respect, responsiveness, integrity,
impartiality and leadership, which are outlined in the Public Administration Act 2004.
Major department changes during 2013-14
Changes in ministerial appointments
On 17 March 2014, on the advice of the Premier of Victoria the Hon. Dr Denis Napthine MP, the Governor of
Victoria His Excellency the Hon. Alex Chernov AC QC withdrew the following Ministerial appointments
relevant to the department:
 The Hon. Louise Asher MP, as Minister for Innovation, Services and Small Business
 The Hon. Nicholas Kotsiras MP, as Minister for Energy and Resources.
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The Governor of Victoria made the following Ministerial appointments:
 The Hon. Louise Asher, MP, as Minister for Innovation
 Mr Russell Northe MP, as Minister for Energy and Resources and Minister for Small Business.
Organisational chart
Department of State Development, Business and Innovation (at 30 June 2014)
Minister for Energy and Resources
Minister for Small Business
The Hon. Russell Northe MP
Minister for Innovation
Minister for Tourism and Major Events
Minister for Employment and Trade
The Hon. Louise Asher MP
Parliamentary Secretary Tourism and Trade
Tim McCurdy MP
Minister for Major Projects
Minister for Manufacturing
The Hon. David Hodgett MP
Minister for Regional Cities
The Hon. Dr Denis Napthine MP
Minister for Technology
Minister responsible for the Aviation Industry
The Hon. Gordon Rich-Phillips MLC
Minister for State Development
Minister for Regional and Rural Development
The Hon. Peter Ryan MP
Parliamentary Secretary for Regional Development
Peter Crisp MP
Victorian Small Business Commissioner
Geoff Browne
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Red Tape Commissioner
John Lloyd
Risk and Audit Committee
Secretary
Howard Ronaldson
Office of the Chief Operating Officer
Chief Operating Officer
Sue Jaquinot
 Inner Melbourne VGBO
 Northern Metropolitan VGBO
 Southern Metropolitan VGBO
 Eastern Metropolitan VGBO
 Western Metropolitan VGBO
Energy and Earth Resources
Deputy Secretary
Sandra Denis
 CarbonNet Project
 Earth Resources Development
 Energy Sector Development
 Energy Technology Innovation
 Strategic Policy Energy and Earth Resources
Innovation, Services, Small Business and Technology
Chief Technology Advocate/Deputy Secretary
Grantly Mailes
 Digital Government
 ICT Innovation
 ICT Procurement
 Innovation, Technology and Industry Programs
 Small Business
Tourism and Airline Services
Chief Executive/Deputy Secretary
Leigh Harry
 Strategy, Policy and Corporate Services
 Tourism Investment Attraction
 Tourism Marketing
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– International Marketing and Air Services
– Destination and Product Marketing
– Destination Communication
– Online Marketing
Trade, Manufacturing, Aviation and Employment
Deputy Secretary
Marion Van Rooden
 Aviation, Defence and Aerospace
 Industry Programs
 International Education, Migration and Employment
 International Victorian Government Business Offices
 Trade
Major Projects
Deputy Secretary
Peter Noble
 Governance and Business Services
 Major Projects Victoria
 Portfolio Client Projects
 State Development Project Delivery
Policy
Deputy Secretary
Sam Rosevear
 Cabinet and Legislative Services
 Infrastructure Policy
 International Policy
 Mining Warden
 Policy and Research
 Regulation Policy
Corporate, Planning and Compliance Services
Deputy Secretary
Rob Barr
 Crisis and Emergency Management
 Earth Resources Regulation Victoria
 Finance and Business Services
 Human Resources
 Information Management and Technology
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 Legal, Audit and Risk
 Strategic Communication and Marketing
 Strategic Planning and Ministerial Services
Office of State Development
Deputy Secretary
Matt Carrick
 International Marketing and Business Events
 Invest Assist
 Invest Victoria
 Regulation Review
 State Development Projects
Regional Development Victoria
Chief Executive/Deputy Secretary
Lachlan Bruce
 Business Engagement
 Economic Infrastructure
 Regional Offices
– Aboriginal Affairs
– Regional Delivery
– Sport and Recreation
– Planning
– Regional Management Forums
– Regional Business Engagement
– Regional Development Australia
 Regional Policy and Planning
 Regional Programs and Recovery
Governance arrangements
The systems by which organisations are directed and controlled provide the foundations for sound decisionmaking and accountability.
The department’s governance framework:
 contains clearly defined structures and relationships
 has established processes for developing organisational strategy and direction
 ensures compliance and accountability
 maintains performance monitoring and review processes.
The Secretary, as head of the department, is accountable to the department’s Ministers for governance of
the department. The Secretary chairs the Senior Management Meeting (SMM), the strategically focused
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leadership forum that comprises the Deputy Secretaries, the Director, Strategic Communication and
Marketing, and the Executive Director Strategic Planning and Ministerial Services.
The SMM is responsible for:
 developing and monitoring the department’s strategic directions, consistent with government policy
decisions
 setting and reviewing economic development policy and strategy
 setting the framework for critical processes to allocate resources across different divisions and activities
 prioritising work and allocating funding, within scope permitted by the budget process
 monitoring departmental performance in line with agreed key performance indicators
 establishing governance systems and processes
 communications and stakeholder management in relation to Ministers and external stakeholders
 developing and managing staff.
Department committees
The Secretary is assisted by key committees, including the following:
Planning Committee
Chaired by the Secretary: assesses strategic plans of divisions and departmental entities on portfolio
priorities, risks and financial performance (and financial viability of entities) to inform business planning,
budget preparation and reporting.
Information Management and Technology Strategy Board
Chaired by the Deputy Secretary, Innovation, Small Business and Technology: provides strategies for
information management initiatives and significant new business systems, and establishes the appropriate
governance arrangements.
Information Management Governance Committee
Chaired by the Chief Operating Officer: ensures information management is in line with WoVG information
management principles, monitors the implementation of the Managing Information Strategy, builds
organisational capability in information management, and monitors and reports compliance with WoVG
information-related standards.
Information Security Committee
Chaired by the Deputy Secretary, Corporate, Planning and Compliance Services: ensures information
security practices, including policies, systems and employee awareness, are effective in maintaining the
integrity of departmental information and are compliant with relevant legislation and standards.
Accredited Purchasing Unit
Chaired by the Deputy Secretary, Corporate, Planning and Compliance Services: oversees the department’s
procurement and contracting process through delegated powers assigned by the Victorian Government
Purchasing Board, excluding construction related projects and Tourism Victoria procurement which are
separately governed.
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Occupational Health and Safety Committee
Chaired by the Deputy Secretary, Corporate, Planning and Compliance Services: facilitates cooperation and
consultation between the department and employees in instigating, developing and implementing initiatives
designed to ensure the health and safety of employees and compliance with relevant occupational health
and safety (OH&S) legislation.
People Committee
Chaired by the Chief Operating Officer: guides the development of departmental workforce and people
strategies, shapes organisational culture and monitors the delivery of key initiatives and practices.
Environment Steering Committee
Chaired by the Deputy Secretary, Corporate, Planning and Compliance Services: endorses the department’s
Environment Policy, environmental management system and Annual Environmental Management Program,
and ensures compliance with relevant audit and reporting requirements.
Communications Management Committee
Chaired by the Director, Strategic Communication and Marketing: provides strategic oversight of key
communications strategies and activities, ensuring they are best-practice and comply with WoVG and
departmental communications requirements and standards.
Investment Committee
Chaired by an independent chair: ensures that the provision of grant funding to private sector recipients
through the appropriation of public funds accords with government economic and/or business development
policy objectives; reflects the department’s prevailing policies, standards and guidelines for the provision of
grants; and is based upon prudent financial assessment and analysis as to the operational and financial
viability of private sector recipients.
Risk and Audit Committee membership and roles
Risk and Audit Committee membership and roles:
 Michael Perry – Independent chair
 Fiona Bennett – Independent member (to March 2014)
 Peter Lewinski – Independent member
 Mark Darmody – Independent member.
The Risk and Audit Committee is an independent body established in accordance with the Financial
Management Act 1994. It oversees and advises the Secretary on:
 the scope of work, performance and independence of internal audit
 the engagement and dismissal by management of any chief internal audit executive
 the scope of work, independence and performance of the external auditor
 the operation and implementation of the risk management framework
 matters of accountability and internal control affecting the operations of the department
 the effectiveness of management information systems and other systems of internal control
 the appropriateness of the accounting treatment and disclosure of significant and/or non-recurring
transactions entered into by the department
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 the sign-off of accounting policies
 the department’s process for monitoring compliance with laws and regulations and its own Code of
Conduct, and Code of Financial Practice.
Highlights for 2013-14
Strengthened Business Engagement Model
 The department engaged 13,000 businesses through its enhanced business engagement model.
Investment facilitation and job outcomes
 DSDBI facilitated more than 200 investment projects worth more than $2.6 billion and projected to
generate more than 6,300 jobs.
Inaugural Victorian International Education Awards (VIEA)
 The department presented the inaugural VIEA which recognise outstanding achievement and excellence
in international education in Victoria.
Launch of the Global Health Melbourne Plan
 Launched in April 2014, the Global Health Melbourne Plan was developed to help showcase Victoria’s
health goods and services in some of the world’s fastest-growing markets.
2014 Regional Victoria Living Expo
 In its third year, the Expo saw increased visitor numbers from previous years. The event continues to
drive population and investment growth in regional and rural Victoria by showcasing to Melbournians all
48 regional and rural councils.
Establishment of the Office of State Development
 OSD was established to drive Victorian growth and investment, and identify and capture significant
investment opportunities for Victoria from both within Australia and internationally.
Victoria’s Regional Tourism Strategy 2013-16
 Released in December 2013, the department continued to progress work on the short and medium term
actions laid out in the strategy across the five overarching policy areas.
Victoria’s 2020 Tourism Strategy
 The launch of this significant strategy provided details of plans to grow Victoria’s overnight tourism
expenditure by 6.6 per cent annually.
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International Education Strategy for Victoria 2013-2018 (IES)
 Released in October 2013, this strategy articulated the clear vision and detailed four action areas to
support growth of Victoria’s largest export industry.
Establishment of Innovation and Investment Funds
 Funds with a value of $54 million were established to support Geelong and Melbourne North following
Ford Australia and Alcoa Australia Ltd’s announcements to cease manufacturing in Australia. The $29.5
million Geelong Regional Innovation and Investment Fund (GRIIF) and the $24.5 million Melbourne North
Innovation and Investment Fund (MNIIF) will support innovative projects that generate sustainable new
jobs and enhance and diversify the two regions’ economies and employment bases.
Launch of the Driving Business Innovation Program
 A new $16 million grants program was launched to provide small to medium businesses with access to
grants to develop new products and services for government customers.
Global companies attracted to Melbourne
 Melbourne continued to be a destination of choice for international companies, with Asurion, Grupo
Aliberico, MUJI and H&M amongst significant companies announcing they would either establish offices
or open their doors, creating hundreds of jobs in Victoria.
Delivery of significant major Victorian infrastructure projects
 The department continued to play a prominent role in Victorian infrastructure development. Stage two of
the $338 million Melbourne Park Redevelopment was announced, substantial progress was achieved on
the $45 million Shrine: Galleries of Remembrance Project, and the $109 million VEMTC was opened. A
design competition was held to redevelop Flinders Street railway station and surrounds, and significant
progress was made on the relocation of Melbourne’s wholesale fruit and vegetable markets to Epping.
Melbourne rail corridor projects
 The department continued progressing business cases for Melbourne’s Richmond to Footscray rail
corridor, focussing on four projects – E-Gate, Federation Square East, Richmond Station and Flinders
Street Station.
Trade missions support engagement with international
markets
 The department hosted 900 Victorian organisations on 16 outbound trade missions, including STMs to
China, the Middle East and Turkey, India and South-East Asia. These trade missions are projected to
reap more than $914 million in export sales in the next 24 months.
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Regional Growth Fund
 In its third year, the RGF is an initiative providing $1 billion over eight years to regional and rural Victoria
to help create more jobs and improved career opportunities. In 2013-14 the RGF continued to support a
range of strategic and community led initiatives across regional and rural Victoria.
Latrobe Valley Industry and Employment Roadmap (LVIER)
 A total of 438 new jobs have now been created and 28 projects supported since the inception of LVIER in
2012 as a long-term plan for future industry and employment growth in the Latrobe Valley.
First Support Small Business Day
 Support Small Business Day was held in October 2013 to encourage Victorians to explore and spend
locally at more than half a million of Victoria’s local small businesses.
Launch of the eServices Register
 A new ICT procurement portal was launched to provide a simplified process for Victorian ICT companies
bidding for government work. More than 1,000 requests for quote were posted in its first year of
operation.
Advanced Lignite Demonstration Program (ALDP)
 The department continued work on the program, which ultimately aims to produce high-value energy
products for local and export markets.
Establishment of Minerals Development Victoria
 MDV was established to assist investors to get new exploration, mining and quarrying projects through
the multi-agency approvals process.
Advanced Metering Infrastructure (AMI) Program
 The rollout of 2.6 million smart meters to Victorian households and small businesses through the AMI
Program neared completion, ensuring the remotely read meters are now the standard electricity meter in
Victoria.
Powerline Bushfire Safety Program
 The department continued to deliver on Recommendations 27 and 32 of the Victorian Bushfire Royal
Commission, including replacing approximately 45 kilometres of powerlines and installing 30 diesel backup generators in regional and rural residential care facilities.
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02 Significant achievements and
other highlights against strategic
objectives
Assist businesses in accessing skilled workers to
align with Victoria’s industry needs
Significant achievements
Business Engagement Model
The Business Engagement Model continued to help the department build close working relationships with
businesses and capture important information, enabling the development of programs and policies to help
businesses realise their full potential. Business Development Managers engaged with 13,000 businesses
this past year and managed their needs through a network of local and international VGBOs and regional
offices. This figure exceeded the target of 12,000 and consisted of 10,100 unique meetings and an additional
2,900 engagements through investment and trade opportunities, small business programs and export skills
programs.
Highlights this year included:
 Ford Jobs Fair
 Virgin Australia Melbourne Fashion Festival
 Melbourne Celebrates Mining dinner
 Food innovation workshops with La Trobe University, RMIT University and other universities
 Christchurch Recovery Event.
Investment facilitation and job outcomes
In 2013-14 the department facilitated more than 200 investment projects worth more than $2.6 billion of
capital investment which are projected to generate more than 6,300 full time equivalent jobs.
These results were achieved through the department’s strengthened Business Engagement Model. The
investments were facilitated across offices in metropolitan Victoria, regional Victoria and the department’s
international network.
Inaugural Victorian International Education Awards
International education is Victoria’s largest export industry. The VIEAs showcase the innovative work of
Victorian international education providers in delivering world-class education, and reward exceptional
students with individual scholarships of $10,000. This year, three international students won scholarships
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and nine local educational institutions were acknowledged for their excellence. In 2013 RMIT University
received the Premier’s Award - International Education Provider of the Year.
Launch of Employment Start Up for Business Grant Program
Launched in July 2013 by the Hon. Louise Asher MP, this $7.5 million program aims to assist up to 1,750
unemployed young Victorians aged 15–25 obtain work. Small and medium enterprises (SMEs) that employ a
young Victorian receive a $4,000 grant towards accredited training tailored to a specific workplace and job
description. The grant is paid in two instalments; $1,000 upon hiring into a role for at least 30 hours a week
and $3,000 after 16 weeks’ employment and the start of accredited training.
Expanding the Hamer Scholarships
The Hamer Scholarships were established in 2012 to improve the Victorian workforce’s Chinese language
and cultural skills, and this year they were expanded to include Indonesia, Japan and Korea. Improving
language skills and understanding of these unique and diverse cultures will help Victoria’s local industries
and businesses to better engage with these dynamic markets. During the year 46 scholarships were
awarded to Victorian professionals and students to undertake intensive language studies at selected
universities and institutions.
Other achievements
The Business in Transition Support (BiTS) Program is a $3 million initiative over four years to reduce the
impact of retrenchments, particularly in manufacturing and in regional communities. To date BiTS has
assisted 94 businesses and distributed more than 3,300 information packs to retrenched workers.
The Export Skills Program offers 16 workshops across four topics, free to any business across
metropolitan Melbourne and regional Victoria. A total of 210 businesses accessed the service this year.
The Victorian Government committed $400,000 over four years to the Overseas Skills Registry which was
launched this year. The Registry aims to encourage connections between Victorian employers and
professional migrants with overseas qualifications living in Victoria.
This year Victoria nominated 1,487 skilled migrants for visas including 105 international PhD graduates
who had studied in Victoria. The top industries for nominations were ICT, nursing, biotechnology and
science.
Through the state nomination process Victoria nominated 1,123 new business migrants for visas.
The Employment Start Up for Indigenous Job Seekers Program provides placement services and
support for indigenous jobseekers, and jobs-linked training and support for businesses seeking to employ
Aboriginal people. This year $3.9 million was committed to find jobs for at least 380 indigenous people by
June 2014. The department ended the year with 337 individuals completing 16 weeks of employment and 34
well on their way towards it.
In June 2014, the $3 million ICT Workforce Development Plan was launched to help ensure that Victoria’s
ICT workforce can drive future innovation and economic growth.
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Promote Victoria to attract tourists, investors and
students
Significant achievements
Launch of the Global Health Melbourne Plan
The Government allocated $17.8 million over three years to deliver the Global Health Melbourne Plan –
taking Victoria’s health strengths to the world. Health is a global growth market, driven by ageing populations
and a growing middle class, especially in China and India. The plan will leverage Victoria’s world-renowned
capabilities in health and aged care to capture this growth and create jobs and new trade opportunities, while
also ensuring the highest quality health systems in Victoria.
2014 Regional Victoria Living Expo
The Regional Victoria Living Expo is a key initiative in the Government’s strategy to drive population and
investment growth in regional and rural Victoria. 2014 was the Expo’s third year and brought all of Victoria’s
48 regional and rural councils together. Attracting more than 9,600 visitors, Melbournians were given the
chance to better understand the opportunities regional and rural Victoria has to offer, and everything they
needed to know to relocate there.
Establishment of the Office of State Development
OSD was established on 1 July 2013 to focus on promoting Victoria as a place to invest and coordinate
investment activities across the department.
A large of number of international investors and companies were actively assisted during the year leading to
the attraction of 37 new international investors to Victoria. This resulted in approximately $400 million in
capital investment and the creation of more than 1,400 new jobs.
Significant Investor Directory and Desks in Shanghai and London
Business migrants able to invest at least $5 million into complying investments can apply for the Significant
Investor Visa and seek state or territory nomination. Launched in March 2013, the Significant Investor
Services Directory provides an online listing of Victorian businesses offering significant investors relevant
financial and legal advice.
A Significant Investor Desk was set up in the Shanghai VGBO to attract and service high net worth
individuals who are interested in investing in Victoria. More than 150 events have been organised across
China to promote Victoria as the preferred destination for private investment. More than 5,500 potential
migrants and intermediaries sought information at these events.
The UK/Europe Significant Investor Desk in London has been in operation for about six months and has
focused on establishing contacts and hosting a small number of events.
In 2013-14, Significant Investment Desks were also established in South-East Asia (Kuala Lumpur,
Malaysia), and in India (Bangalore).
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Victoria’s Regional Tourism Strategy 2013-16
Released in December 2013, Victoria’s Regional Tourism Strategy 2013-16 provides the platform for
regional areas to benefit from the growth of Victorian tourism. Its five key priority areas are marketing, digital
excellence, major events and business events, investment attraction and infrastructure support, and industry
development.
Victoria’s 2020 Tourism Strategy
In mid-2013 Tourism Victoria launched Victoria’s 2020 Tourism Strategy to ensure Victoria realises its full
potential as a tourism destination of choice for international travellers, particularly those from fast-growing
Asian economies and across Australia. The strategy outlines the Government’s plan to grow overnight
tourism expenditure within the state to $24.7 billion by 2020. This represents an annual growth of 6.6 per
cent, in line with the long-term national tourism strategy. Tourism Victoria will implement the strategy in
partnership with regional tourism boards, local government, industry and other stakeholders.
Melbourne Remote Control Tourist (RCT)
In October 2013, Melbourne launched the world’s first RCT, a continuation of Tourism Victoria’s successful
Play Melbourne campaign. Using social media, camera technology and state-of-the-art interactivity, four
RCTs live-streamed their adventures around Melbourne from 9-13 October 2013. The final statistics showed
there were more than 233,000 unique visitors to the website, from 175 countries and 5,800 cities, who
averaged more than six minutes each on the site. The campaign also attracted 1.59 million views on
YouTube, digital advertising on online video websites, and 12,000 social media mentions, resulting in more
than 60 million social media impressions.
Connect 2014
The Victorian Government sponsored Connect 2014, a two-day ICT and emerging technology exhibition
featuring conferences, educational seminars, live demonstrations and technology zones. Senior-level
executives learned about opportunities presented by evolving communication networks, devices and
applications, whilst technology suppliers enjoyed direct access to decision makers, and the public saw the
next generation of devices and products. Connect 2014 is an exciting, new ICT event in Victoria and is
expected to grow significantly over the coming years.
Virgin Australia Melbourne Fashion Festival
The Virgin Australia Melbourne Fashion Festival is one of the highlights of Melbourne’s major event
calendar, stimulating retail and tourism while showcasing established and emerging local designers. This
year’s Festival attracted more than 377,500 attendees, reached a global audience in excess of 650,000 via
the Festival’s online activities, and achieved more than $90 million in publicity value. The Festival has a
strong impact on the Australian fashion and retail sectors in terms of visitation, job creation, skills and
business development. Spending prior to or as a result of attending a Festival fashion event was up 50.9 per
cent in 2014 compared to 2013. Fashion events were also held in Bendigo, Ballarat, Castlemaine, Mildura
and Rutherglen in 2014.
Melbourne Spring Fashion Week 2013
The 2013 Melbourne Spring Fashion Week was a highly successful showcase of new Australian spring and
summer fashion, and through its industry program, inspired best practice, innovation and business growth as
well as promotion of Victoria’s creative business talent. The 2013 program launched Spring/Summer 201415 ready-to-wear collections across 213 events, and was attended by 45,000 people who collectively
contributed $3.5 million to Melbourne’s economy via in-store purchases and hospitality expenditure.
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International Education Strategy for Victoria 2013-2018
During the past year international education added $4.4 billion to the economy and generated more than
30,000 full-time jobs. Following their education in Victoria, many students return home to senior government
and business roles and maintain strong and lasting links to Victoria. The IES was released by the Premier of
Victoria the Hon. Dr Denis Napthine MP in October 2013 and seeks to position Victoria as the leading
provider of education in the Asia Pacific region. The IES includes 19 initiatives across four strategic action
areas: market development, quality education, student experience, and marketing and branding. The IES is
supported by $17.5 million funding over four years.
Public transport discounts for international students
Victoria is set to become an even more appealing destination for overseas students with a new scheme
offering a 50 per cent discount on annual public transport tickets for eligible students. The scheme will be
trialled for three years from 2015 in partnership with participating education providers.
Melbourne Celebrates Mining dinner
The Victorian Government hosted the Melbourne Celebrates Mining dinner during the Mines and Money
Conference in October 2013, and announced the International Mining and Resources Conference to be held
in September 2014.
The event attracted more than 550 attendees from the mining and mining services sector including key
decision makers from multinational agencies.
Melbourne Food and Wine Festival
Launched at a pop-up kitchen, bar and rain garden anchored to the Yarra, the 2014 Melbourne Food and
Wine Festival theme celebrated water. Around 250,000 people attended more than 200 events at a range of
venues all around the state, including more than 70 events in regional Victoria. The Government will
continue its successful partnership with the Festival. On 27 February 2014 the Government announced
support for the 2014, 2015 and 2016 events.
Melbourne Retail and Hospitality Strategy 2013-17
Retail and hospitality contribute $8.7 billion or 10 per cent to the City of Melbourne’s economy each year. As
part of a new four-year strategy, the City of Melbourne and the Victorian Government will work with
businesses to encourage collaboration and innovation, find new ways of attracting people to the city, and
maintain a diverse, authentic offering.
Other achievements
The third Indian Film Festival Melbourne reinforced the strong bonds between the Victorian and Indian film
industry, featuring more than 40 films in 20 languages.
In March 2014, the Latin America Education Symposium brought together senior representatives from
government, funding agencies, research institutes, universities and vocational training institutions from
across Latin America and Victoria. Delegates discussed areas of common interest in research, education
and industry-based training, and explored opportunities for partnerships and collaborations. Latin America is
identified as a strategic market for further international education collaboration.
Five $90,000 Victorian International Research Scholarships were made available for PhD candidates
commencing at Victorian universities in 2015.
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The $90,000 Victoria India Doctoral Scholarships support talented Indian scholars to complete leading
research that could benefit communities in both India and Victoria. The three 2014 recipients were
announced at a Victorian Connection alumni networking event in Mumbai.
Melbourne hosted the National iAwards in August 2013, Australia’s premier awards program for
recognising companies at the cutting-edge of technology innovation, and the nation’s leading ICT
professionals. Victorian iAward winners were supported to attend the Asia Pacific ICT Awards ceremony
held in Hong Kong in November 2013.
In an $8 million collaboration, world-leading software company Microsoft partnered with the University of
Melbourne and the Victorian Government to establish a major research centre dedicated to new social
interactive technologies.
Global company Exelis has established a state-of-the-art research and development (R&D), testing and
systems integration facility in Melbourne that will support both local and export opportunities and create
more than 60 new jobs.
Support organisations to boost their productivity
through innovation
Significant achievements
Geelong Regional Innovation and Investment Fund
The Victorian Government, in partnership with the Federal Government and Ford Australia, established
GRIIF following Ford’s announcement that it would cease vehicle and engine manufacturing in Australia from
October 2016. Alcoa Australia Ltd also agreed to contribute towards GRIIF in response to its announcement
of the closure of its Point Henry aluminium smelter and two rolling mills in Australia by the end of 2014. The
$29.5 million fund supports innovative projects for generating sustainable new jobs that enhance and
diversify Geelong’s regional economy and employment base. The first successful grant of $5 million was
awarded in March 2014 to Carbon Revolution, a firm making ‘one piece’ carbon fibre wheels. By building a
larger Geelong facility the company is expected to create 108 new full-time jobs. To date, five projects have
been awarded $8.4 million of grant funding towards new investments of over $44 million, creating more than
290 new jobs.
Innovation Voucher Program (IVP)
The IVP helps SMEs to start R&D and/or undertake innovation skills training to improve productivity and
competitiveness. This year there were 88 Business R&D Vouchers of up to $25,000 each and 66 Innovation
Skills Vouchers awarded, contributing to a total of more than 250 vouchers awarded since the program’s
inception in September 2012. Voucher recipients included Albion Sports, makers of jockey and equestrian
helmets; Deflecta, who will trial the effectiveness of its anti-microbial liquid; GippsAero, an aircraft
maintenance and manufacturing business; and Monash University.
Melbourne North Innovation and Investment Fund
The Victorian Government, in partnership with the Federal Government and Ford Australia, established
MNIIF following Ford’s announcement that it would close its Australian manufacturing operations. MNIIF is a
$24.5 million competitive, merit-based grants program supporting new investment to create new or additional
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business capacity that results in sustainable jobs. To date, 15 projects have been awarded $17.7 million of
grant funding towards new investments of over $87 million, creating more than 614 new jobs.
The Manufacturing Hall of Fame
The Manufacturing Hall of Fame recognises the innovation, productivity and contribution made by
manufacturers to the Victorian economy. Coordinated by the department, the theme of the 2014 Awards was
Transformative Manufacturing Technologies, which highlighted technologies that increase productivity and
site capacity while significantly reducing process time and energy use. The Manufacturer of the Year Awards
went to SRX Global (Australia) (large business), Future Fibre Technologies (medium business) and
Thermofilm Australia (small business). Tom Hartley of Hilton Manufacturing and Ralph Wilson Snr of Willow
Ware Australia were recognised on the Honour Roll, and Matthew Arblaster of Bayer Material Science
received the Young Manufacturer of the Year award.
Establishment of the Office of the Lead Scientist (OLS)
Established in July 2013, the OLS supports activities that increase community awareness and engagement
in science. Its broad range of activities include building multi-disciplinary links across different science and
non-science based sectors, improving knowledge around collaboration and commercialisation models for
science delivery, and sharing information on science achievements across industries, sectors and
geographies.
The Premier’s Award for Health and Medical Research
Now in its 20th year, this award, coordinated by the department, recognises the early-career excellence of
postgraduate researchers and celebrates their contribution to Victoria’s capability and leadership. The 2014
winner was Dr Jaclyn Pearson for her research work on complex immune system responses at the Peter
Doherty Institute for Infection and Immunity. Commendees this year were Dr Peng Lei for his work with
Alzheimer’s at the Florey Institute of Neuroscience and Mental Health, Dr Brett Manley for his work with
premature babies at the University of Melbourne, and Dr David Riglar for his work on malaria at the Walter
and Eliza Hall Institute of Medical Research.
Technology Voucher Program (TVP)
The TVP helps companies to adopt and develop new technologies with a voucher that is exchanged for
access to facilities, goods, services, advice or expertise from Victorian companies or publicly-funded
research organisations. This year more than 86 companies were awarded vouchers worth around $5 million.
Launch of the Driving Business Innovation Program
This program links Victorian businesses with opportunities to develop innovative products and services for
the Victorian public sector. In February 2014, the department issued 11 Technology Challenges to the
health, water, waste management and agriculture business sectors. Successful SMEs were granted up to
$75,000 each to undertake three-month feasibility studies for projects commencing in July 2014.
Launch of the Technology Innovation Fund
Launched in December 2013, the $12 million Victorian Government Technology Innovation Fund forms part
of a broader strategic approach that is looking at how technology can transform government service delivery,
improve citizen engagement and increase productivity. In 2013-14, the fund received more than 50
applications from Victorian Government departments, agencies and statutory bodies as well as local
government councils, industry associations, businesses, not-for-profits and community organisations. The
first suite of projects will commence later in 2014.
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Investing in Manufacturing Technology (IMT) Grants
IMT promotes the growth, productivity and international competitiveness of manufacturing businesses by
stimulating investment in new technologies. It is a major initiative under the Victorian Government’s A More
Competitive Manufacturing Industry Strategy. In 2013-14, 37 companies were granted a total of $6.7 million
to invest in new technology and equipment. These projects supported $34.3 million of investment and are
anticipated to deliver 227 new jobs and transition 292 employees in to higher value roles.
Manufacturing Productivity Networks (MPN) Grants
This program encourages SMEs to co-operate in strategic areas of business and exploit opportunities
beyond the reach of each individual business. Over the year the program awarded grants with a total value
of $1.7 million to 18 networks that will assist the productivity and competitiveness of 316 businesses.
Victoria Prize, Victoria Fellowships and Post-doctoral Research Fellowships
The Government provided a further $1.8 million to fund international research experiences for Victoria’s
early-career researchers through Victorian Post-doctoral Research Fellowships, and will double the number
of Victoria Prizes and Victoria Fellowships for another three years.
The winners of the 2013 Victoria Prize for Science and Innovation were Professor Lloyd Hollenberg for his
ground-breaking work at the convergence of quantum mechanics and biology, and Professor Alan Cowman
for his work over the past two decades to significantly increase understanding of the cause and treatment of
malaria. A total of 12 Victoria Fellowships valued at $18,000 each were announced this year, and will enable
early-career researchers in science, engineering and technology to undertake international study missions.
Meanwhile, Victorian Post-Doctoral Research Fellowships are assisting six talented Victorian early-career
researchers with a two-year overseas post-doctoral position in a leading research institute or university.
Refreshed Victorian Government ICT Strategy
The Victorian Government ICT Strategy was updated in 2014 and continues to provide high-level direction
on the design and use of information and technology to deliver better government services while focussing
on mobility and cloud-based solutions. The updated strategy aims to improve digital channels for citizens
and business, develop a WoVG ICT service roadmap, standardise systems and processes to improve
productivity, and strengthen government capability to innovate and manage risk.
$120 million saved on ICT contracts
The renegotiation of the Victorian Government’s ICT contracts this year saved $94 million to April 2014, and
an anticipated $120 million to July 2014. Examples of how these savings were achieved include:
 launching the new eServices Register, an electronic marketplace in which suppliers and government
buyers can transact
 renegotiating the Telecommunications Purchasing and Management Strategy arrangements for mobiles,
voice, data and telephony, saving $9 million
 a new Enterprise Agreement with Microsoft that will save $8 million over three years
 a $500,000 saving from the renewed Server Virtualisation Enterprise Licence Agreement with VMware.
Industries for Today and Tomorrow (ITT) Program
Encouraging regional investment is a key government priority and the ITT Program targets regionally-based
businesses, or businesses considering a regional location, that make a significant economic and
employment contribution at local regional and/or state level. In 2013-14, the program secured over $170
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million of capital investment which will generate more than 360 jobs in regional cities. This year’s
investments included $12 million by Flavourwave to establish a new state-of-the-art hydroponic tomato
growing operation in Katunga creating 90 direct jobs.
Grow Your Business
Grow Your Business is a business planning program that helps small businesses develop and implement
strategies to become internationally competitive. The program offers businesses grants of up to $19,000 to
engage an independent specialist to prepare a business plan with all grants requiring a proportion of
matched funding.
Other achievements
Melbourne continued to attract significant international conferences. Health and medical conferences
in particular have brought more than $515 million to Melbourne since 2010. In 2013-14 Victoria hosted the
World Federation of Haemophilia, the World Congress of Cardiology and the World Pharmaceutical
Congress.
The world’s premier games festival, Penny Arcade Expo (PAX), was held in Melbourne in July 2013.
This was the first time the event had ever been held outside the USA and provided an opportunity to
showcase the breadth and diversity of Victoria’s games development community. PAX was very successful
with tickets sold out before the event began. PAX Australia 2014 has been confirmed and will be held at a
larger venue, the Melbourne Conference and Exhibition Centre, in order to increase its capacity.
A large Victorian delegation went to San Diego for BIO 2014 to represent the state’s 170 biotechnology and
pharma companies, 12 major medical research institutes and 10 internationally-recognised teaching
hospitals.
The Building Global Bridges Program offered $75,000 to $400,000 for Victorian companies to develop
partnerships with companies in Massachusetts, USA, and deliver life sciences R&D, manufacturing and
commercialisation projects.
In September 2013 the department assumed responsibility for overseeing CenITex, the Victorian
Government’s ICT shared services agency. This transfer better aligns governance and accountability for
CenITex with the technology portfolio responsibilities for WoVG ICT and the Victorian Government ICT
Strategy.
A key initiative of Victoria’s Technology Plan for the Future – Biotechnology, the Health Market Validation
Program is a $15 million competitive grants program that encourages healthcare innovation. Four validation
projects now underway are due to be completed by mid-2016.
Research for the Aviation Industry Grants Program provides $500,000 in grants over two years to
stimulate leading-edge and commercial-facing research in aviation. Grants of up to $30,000 are available on
a competitive basis to tackle issues facing the aviation industry.
The design sector in Victoria generates $7.3 billion annually for the state’s economy, including more than
$200 million in design-related exports. The annual Premier’s Design Awards recognise and celebrate
excellence across Victoria’s design sector. The 2013 winner, Melbourne-based agency Local Peoples, was
announced in October 2013.
In 2013-14 $40 million was committed to the Regional Connectivity Program to address gaps in mobile
phone coverage in fire and flood prone areas. Travellers on V/Line’s VLocity carriages between Melbourne
and Ballarat, Bendigo, Geelong, Seymour and Traralgon will also enjoy free public Wi-Fi.
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Science awareness programs this year included Inspiring Australia, which connected Victorian businesses,
promoted industry development, productivity and innovation, raised community awareness of science and
fostered industry and research links. The Australian Science Media Centre, an independent, not-for-profit
service now gives Australian journalists direct access to evidence-based science and expertise through the
program.
In October 2013 the Northern Metropolitan VGBO held roundtables with food companies to identify
opportunities for growth including export market development and key barriers to investment. The outcomes
have informed collaborative initiatives between the VGBO and Regional Development Australia, Melbourne’s
North Food Supply Processing and Manufacturing Plan, and La Trobe University and collaborators’ Food
North Initiative, which is focused on identifying strategies to link R&D to the food and beverage sector.
The High Performance Consortium (HPC) comprises non-competing manufacturers that collaborate on
continuous improvement, lean principles, world-class manufacturing and other improvement and efficiency
practices. In March 2013 the Western Metropolitan VGBO linked the consortium with local manufacturers
and provided HPC with a forum to discuss the benefits of participating in the consortium’s activities. During a
business breakfast arranged by the VGBO and attended by 18 manufacturing businesses from Melbourne’s
west, Innotherm Chief Executive Officer (CEO) Derek Lipka spoke of how HPC had accelerated and
improved business in his engineering firm.
The VicConnect Project will create a private government cloud and an open market for government cloud
services. It forms part of the VicConnect Program, which aims to reduce the cost of telecommunications
services and give government departments access to new, inexpensive and powerful technologies. The
2014-15 State Budget provided $9.5 million over four years to implement this initiative to transform how the
Government purchases and manages telecommunications and other ICT services.
Provide market intelligence and assistance to
organisations to make it easy to invest in Victoria
Significant achievements
Global companies establish in Melbourne
Significant international companies announced their move to Melbourne over the past year. Global
technology insurer Asurion will create 300 new jobs by setting up two new technical support centres.
Spanish manufacturer Grupo Aliberico is establishing an aluminium composite panelling manufacturing plant
in Campbellfield and creating 24 jobs. Japanese retail giant MUJI opened its first two Melbourne stores,
providing 40 new jobs, and has one more store planned. Retail giant H&M opened its first Australian store in
Melbourne, creating 200 jobs and reinforcing the city’s status as Australia’s fashion capital.
Significant major Victorian infrastructure projects
The National Tennis Centre (NTC)
The NTC forms part of stage one of the $700+ million Melbourne Park Redevelopment and provides
Australian tennis with its first dedicated, state-of-the-art training facility for elite and emerging players.
Features of the building include:
 brilliant natural lighting without glare and a view out onto the AAMI Park stadium
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 an ingenious design that overcomes the challenge of vibrations being transmitted from one court to
another through a series of high tension cables embedded in the building’s slab that minimise vibration
and allow all eight indoor courts to be used at once
 a highly energy efficient and environmentally friendly convection cooling system
 a range of other environmental features that have led to NTC being awarded an internationallyrecognised ‘Leadership in Energy and Environmental Design’ Gold rating for ecologically sustainable
development, the first of its kind to do so in Australia.
Since it opened the NTC has received a number of endorsements from elite Australian and overseas
players.
Melbourne Park redevelopment – stage two
In 2013-14 the Victorian Government announced that Rod Laver Arena will be upgraded, and access to
Melbourne Park vastly improved, under the second stage of Melbourne Park’s $338 million redevelopment.
The major works will include:
 a new footbridge over Batman Avenue, connecting Melbourne Park with Birrarung Marr and Flinders
Street Station
 significant upgrades to amenity, food service, patron comfort and accessibility at Rod Laver Arena
 a new administration and media building for Tennis Australia, Melbourne and the Olympic Parks Trust
 temporary media and broadcast facilities for the Australian Open.
Flinders Street Station design competition
In 2013 the Victorian Government held a competition to seek the best ideas from across the globe to reenergise Victoria’s iconic Flinders Street railway station and its surrounds, while maintaining its beloved
heritage features. In August 2013 HASSELL + Herzog & De Meuron was announced as the competition
winner. The People’s Choice Award winner was the design of Eduardo Velasquez, Manuel Pineda and
Santiago Medina, Colombian students from the University of Melbourne.
Shrine: Galleries of Remembrance
To honour Australian servicemen and women in all wars and peacekeeping operations, the Victorian
Government committed $45 million towards the Galleries of Remembrance Project at the Shrine of
Remembrance. The project has redeveloped the Shrine’s undercroft space into a permanent exhibition
space, created a new southern extension offering enhanced educational facilities and upgraded the existing
visitor centre. The project will be delivered within budget and ahead of schedule, in time for Remembrance
Day in 2014.
Victorian Emergency Management Training Centre
The opening in late June 2014 of the 10 hectare, $109 million world-class VEMTC in Craigieburn provides
the emergency services sector with access to real-life fire-fighting training scenarios including road, rail,
tunnel and marine fires, as well as urban search and rescue. The Centre supports a vital move towards interagency training and an all-hazards approach to emergency management to ensure the ongoing protection of
all Victorians.
Environmental initiatives at the Centre include:
 a state-of-the-art water recycling system to capture and filter onsite stormwater and fire hose water for
reuse in training exercises and a grey water system
 use of clean-burning propane gas to fuel all but one of the training fires
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 capture of emissions from carbon and wood burning fires in an enclosed container to prevent pollution
 protection of Merri Creek’s environmentally sensitive flora and fauna.
Melbourne Market relocation
Significant progress was made during 2013-14 in the relocation of Melbourne’s wholesale fruit and vegetable
market to Epping in Melbourne’s north. The trading floor was completed and Hansen Yuncken was
appointed to build the warehouses.
The market is an important part of the state’s economic infrastructure, with an annual turnover in excess of
$2 billion.
The new market will feature a storm water harvesting system with two components that will benefit the entire
market precinct. Supported by the department and the City of Whittlesea, the first component will collect
rainwater from the roof, clean it with a first flush and store it in underground tanks for use in toilet flushing,
cleaning and irrigation, with surplus flowing into wetlands. The second component will involve the council
using the wetlands water to irrigate nearby sports ovals and parks. The water will be cleaned naturally by the
wetlands and then directed to the nearest council treatment and storage area.
Expected environmental outcomes of the market redevelopment include:
 more than 68,000,000 litres of drinking water saved each year
 improved water quality in urban run-off
 increased public awareness of stormwater management
 improved security of water supply without increasing greenhouse emissions
 improved access to non-potable water at the markets for the thousands of traders who will use the site
daily.
Melbourne rail corridor projects
The department is progressing business cases for developing Melbourne’s Richmond to Footscray rail
corridor.
The four projects that have the potential to revitalise the rail corridor are:
 E-Gate – revitalising one of the city’s last remaining industrial spaces for proposed mixed-use
redevelopment
 Federation Square East – creating a new commercial, residential and civic precinct connecting the
Central Business District (CBD) to the Yarra River and nearby sporting precincts
 Richmond Station – improving passenger interchange capacity and pedestrian access to the station and
to Melbourne’s sport and entertainment precinct
 Flinders Street Station – improving the station, preparing for growth and developing its western end.
Significant Investor briefings
The Significant Investment Desks in China and the UK ran a number of Significant Investor Visa Investment
and Migration seminars and meetings to provide information and support to potential clients and nominated
Significant Investors. Information was provided on trade and investment opportunities in Victoria, and
Victorian Government visa nomination and compliant investment requirements.
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Investment attraction workshops
The department regularly undertakes investment attraction activities designed to stimulate investment in
Victoria. This year several local councils in the western metropolitan area sought assistance from the
department to implement strategies that could stimulate investment in their local areas. The Western
Metropolitan VGBO provided input into investment attraction planning workshops held by Moonee Valley and
Melton City councils. It also hosted sessions with the department’s Invest Assist Team and organised an
investment attraction session with Brimbank City Council representatives.
MNIIF briefings to companies
In response to Ford’s announcement that it would cease local manufacturing in 2016, Melbourne’s North
Ford Response Joint Taskforce was established to bring together stakeholders in the north of Melbourne
(including local governments). The Taskforce was the natural vehicle for briefing local government and other
stakeholders on the newly-announced $24.5 million MNIIF. The cities of Moreland, Hume, Darebin and
Whittlesea hosted industry briefings on MNIIF with the aim of maximising the number and quality of
applications from businesses in the region, and investment and employment outcomes of the program. More
than 240 business representatives attended five MNIIF information sessions.
State Development Roundtables
In 2013-14, the department conducted two State Development Roundtables. The first event focussing on
food and agribusiness gave industry leaders the opportunity to discuss investment and implementation of the
Food to Asia Action Plan launched in March 2014. The second event targeting the transport, distribution and
logistics industries involved key executives and discussed a range of topics including new investments into
Melbourne Airport, a second container port for Melbourne and the latest on Melbourne’s third international
container terminal at Webb Dock.
Other achievements
The Investment Support Program (ISP) provides financial support to attract investment to Victoria. ISP
projects in 2013-14 included:
 GrainCorp Limited - a $105 million rationalisation, consolidation and expansion of the company’s edible
oils and fats businesses in Victoria, creating 44 new jobs
 EnergyAustralia - a strategic government co-investment with EnergyAustralia to establish a new national
contact centre in Geelong, creating 300 new full-time jobs and securing 500 existing jobs.
A sum of $25.2 million was allocated in the 2014-15 State Budget to kick-start stage one of the Ballarat
West Employment Zone (BWEZ). This followed an initial investment of $835,000 from the $1 billion RGF to
develop the $1.67 million BWEZ Implementation Report.
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Create more opportunities for Victorian
businesses to grow and become more productive
and competitive in the global marketplace
Significant achievements
Trade missions
Trade missions are a centrepiece of the Victorian International Engagement Strategy. In 2013-14, 16
outbound trade missions included STMs to China, the Middle East and Turkey, India and South-East Asia.
Collectively these missions supported 900 organisations to engage with international markets, generating
projected export sales of more than $914 million for the 24 month period following participation in the trade
missions.
China STM
In October 2013, the China STM was led by the Premier of Victoria the Hon. Dr Denis Napthine MP, the
Hon. Louise Asher MP, the Hon. Peter Walsh MP, and the Hon. David Hodgett MP.
The 2013 STM followed the highly successful 2012 STM and was themed around Victoria’s world-famous
lifestyle and liveability. More than 400 delegates representing 300 companies travelled to nine cities. It is
estimated that $390 million worth of sales will be generated over the next two years and more than 200 new
jobs will be created as a direct outcome of the China STM.
Investment outcomes included the establishment of Australian Dairy Park’s infant formula blending and
canning factory at Carrum Downs with plans to export around $30 million worth of product to China in its first
year. The plant will create 30 new jobs and cost $10 million.
Highlights included:
 the establishment of a Significant Investor Visa Desk in the Shanghai VGBO to attract and service high
net-worth individuals interested in investing in Victoria
 the official opening of BlueScope Steel’s new $60 million manufacturing plant in Xi’an, China
 three new agreements signed by Victorian ICT companies in Beijing
 Victoria-Jiangsu Business Placement Program offering Victorian businesses greater opportunities to
engage Jiangsu Province companies
 an agreement for Altona-based Qenos to export its world-class safety, health and environmental
expertise to China
 Warrnambool Cheese and Butter securing a $10 million export deal to supply lactoferrin to China for
infant formula and other dairy nutraceuticals products
 Melbourne Health signing Memorandums of Understanding (MOU) with two of China’s leading hospitals,
bringing Victorian expertise in public health services to China
 the opening of the Monash University/South-East University Joint Graduate School at Suzhou Industrial
Park
 a partnership between Victoria’s Royal District Nursing Service and China’s Zhongshan College to
develop aged care services in China.
Department of State Development, Business and Innovation Annual Report 2013-14
30
Tourism highlights included the launch of the Victorian Government’s first official Chinese language visitor
guide iPhone app, the Melbourne Travel Connoisseurs Program, and the delivery of a Melbourne Lifestyle
Exhibition in Shanghai.
Middle East and Turkey STM
In February 2014 a delegation of more than 100 organisations, led by the Hon. Louise Asher MP, joined the
Victorian Government’s third STM to the Middle East and Turkey.
More than 150 delegates representing food and beverage, agribusiness, education, sustainable urban
design, fashion and marine businesses built on the success of previous STMs in 2012 and 2013, which
generated $447 million in projected sales over a two year period.
Following the 2014 STM, participating companies have reported more than $305 million in sales.
South-East Asia STM
Victoria’s second STM to South-East Asia in June 2014 built on the success of 2013 and will generate
anticipated export sales of approximately $230 million in the 24 months following participation in the mission.
Companies in the food services, sustainable urban design, education, ICT and tourism sectors participated
in organised events, site visits and business-matching meetings in Malaysia, Indonesia, Singapore, Thailand
and Myanmar. The STM focused on the region’s priority markets and leveraged Victoria’s significant existing
government, business, cultural and personal connections to build deeper commercial engagement and new
export opportunities.
India STM
In March 2014 the Hon. Louise Asher MP and the Hon. Gordon Rich-Phillips MLC led 100 Victorian
companies and more than 130 delegates on Victoria’s third STM to India. More than 450 Victorian
organisations have taken part in STMs to India.
The 2014 STM focused on the key industry sectors of education, health and aged care, ICT, sustainability
(including cleantech and water) and tourism. STM delegates visited five cities across India including Mumbai,
Bangalore, Delhi, Ahmedabad and, for the first time, Trivandrum.
The program included high-level business meetings and events with technology, finance, infrastructure and
health sector organisations and government officials.
Companies that attended are expecting additional export sales of more than $38 million over the next two
years.
Key outcomes included:
 announcement of a new public transport ticket discount scheme for eligible international students from
2015
 awarding of four Victoria/India Doctoral Scholarships
 a Victorian Women in International Business (VWIIB) Forum in Mumbai
 a Significant Investment Desk established in the VGBO in Bangalore
 India’s Servion Global Solutions establishing its Australian headquarters in Melbourne
 a new agreement by Tesscorn India to distribute Ecotech Australia’s world-leading clean technologies in
India.
Department of State Development, Business and Innovation Annual Report 2013-14
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Defence and Aerospace Trade Mission to the USA
In May the Hon. David Hodgett MP led a group of Victoria’s leading defence and aerospace companies on a
trade mission to the USA. The trade mission focused on what Victoria’s advanced manufacturing capabilities
can offer defence companies. It also reinforced the fact that the Government wants to work with defence
companies to expand their operations here, invest in Victoria’s economy and create jobs through major
upcoming military vehicle and naval projects. Current projects include the Australian Defence Force’s LAND
400 Land Combat Vehicle System, worth up to $15 billion, and SEA1000 Future Submarine Program, valued
at up to $40 billion, along with other significant projects in the defence capability acquisition pipeline.
This trade mission built on the success of 2013 Defence and Aerospace Trade Mission. Participants in that
mission reported anticipated additional exports of $17.5 million in the two years post mission.
Regional Growth Fund
The RGF provides $1 billion over eight years to build strong vibrant regional cities and country communities
in Victoria. It is supporting major strategic infrastructure and community-led local initiatives that improve both
the competitiveness and liveability of regional and rural Victoria, creating more jobs and better career
opportunities. 2013-14 was the third year of the fund’s operation.
Establishment of the Goulburn Valley Industry and Infrastructure Fund (GVIIF)
In March 2014, the Government committed $5 million from the RGF to help local businesses and industry in
the Goulburn Valley grow and adapt to changing market conditions, and capitalise on their strengths in food
production and processing. The department has identified a number of priority projects from the numerous
applications received and is working with proponents to finalise those applications.
Economic Infrastructure Program
In 2013-14, $42.5 million in funding was announced under the Economic Infrastructure Program of the RGF.
Funding for projects under this program included:
 $1.95 million towards building a 25.5 kilometre water main to provide reliable water to six vineyards in the
Landsborough Valley in Western Victoria, securing 60 jobs
 completion of significant work to connect regional Victoria to the natural gas network under the $100
million Energy for the Regions Program
 $1.5 million investment for Korumburra’s Burra Foods, contributing towards a $22 million expansion to
take advantage of the high Asian demand for nutritional milk powder. This substantial investment created
60 construction jobs, 26 new full-time jobs across the business and secured more than 100 existing jobs
at the plant
 $1.2 million from the RGF for two new Phillip Island tourist attractions. One project will be a state-of-theart multimedia interpretative display, a partnership between the World Wide Fund for Nature and the
Phillip Island Nature Park, and the other project will be a new eco boat tour in Cowes.
Putting Locals First Program
The $100 million Putting Locals First Program component of the RGF enables regional communities to
determine and deliver service and infrastructure requirements that reflect their local priorities.
In 2013-14, the Government:
 contributed a further $500,000 towards the $5.3 million Yarram District Hub Project. This brings the total
Government contribution to almost $2 million and completes the funding required to start the
redevelopment of this much anticipated facility
Department of State Development, Business and Innovation Annual Report 2013-14
32
 provided $150,000 to Mansfield tomato producer Murphy Fresh to assist the company to embark on a
$1.5 million expansion project, creating 25 new jobs.
Local Government Infrastructure Program
The Local Government Infrastructure Program component of the RGF provides all 48 regional and rural
councils with a flexible funding stream to plan and build new infrastructure and renew crucial community
assets.
In 2013-14:
 work was completed on the Bendigo Library, a $9.5 million redevelopment project which will significantly
benefit the local community and wider region.
Expanding the international VGBO network
The VGBO network raises Victoria’s international profile and helps the state negotiate the challenges of
international trade and investment. VGBO offices in 17 strategic international locations focus on attracting
direct foreign investment, export development and WoVG activities.
The Government recently re-opened an office in Jakarta, Indonesia; opened a new office in Chengdu, China;
and announced the establishment of an office in Seoul, South Korea.
Technology Trade and International Partnering Program (TRIP)
During 2013-14, 329 TRIP grants were provided to 230 technology companies to facilitate independent
export activities in markets of their choice. Grant recipients reported projected exports of approximately $417
million over the next 24 months.
International Food and Beverage Week (IFBW)
IFBW 2014 built on the success of the previous event with more than 250 Victorian food and beverage
companies participating, and 240 senior international delegates representing 160 major Asian food
businesses from China (including Taiwan and Hong Kong), Japan, Indonesia, Singapore, Malaysia,
Thailand, the Philippines, Korea and Vietnam. A substantially increased site visit program featured more
than 80 site visits across metropolitan Melbourne and regional Victoria compared to just 15 in 2013.
Regional Aviation Fund
The Victorian Government is providing $5 million annually through the Regional Aviation Fund to support
local aerodromes. To date, 17 regional airports and aerodromes have taken advantage of the fund to
upgrade their facilities. Projects announced during 2013-14 provide for upgrades at Warrnambool Airport,
Kyneton Aerodrome, Hamilton Airport, Lethbridge Airpark, Orbost Airport, Wangaratta Airport, Nhill
Aerodrome, Stawell Aerodrome, Echuca Aerodrome and Kerang Aerodrome.
Australian Automotive Week 2014 (AAW)
AAW is a unique partnership between the Victorian Government and the automotive industry to jointly
promote Australia’s state-of-the-art automotive and manufacturing capabilities. Coinciding with the Formula 1
Australian Grand Prix, the week brings together international and local automotive experts and senior
representatives to meet and discuss business opportunities. The 2014 event attracted over 100 international
delegates, 300 industry stakeholders and involved 200 Victorian organisations, including 37 exhibitors at the
Geelong Supplier Trade Show.
Department of State Development, Business and Innovation Annual Report 2013-14
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Reducing red tape
The Government’s commitment to reducing business red tape by 25 per cent by July 2014 will save $715
million per year. Over the past year, the Red Tape Commissioner has met with industry associations and
businesses to identify a list of priority actions. The department has engaged with business to identify reform
priorities and how the regulatory system affects competitiveness. The department also contributed to
legislation reform and reducing the costs of locating and fulfilling permits, licensing and other approval
requirements.
Latrobe Valley Industry and Employment Roadmap
A high concentration of power generators combined with a carbon-constrained future presents Latrobe
Valley with many challenges. LVIER responds to this with a long-term coordinated plan for strategic
investment, and industry and jobs growth. So far the LVIER has supported 28 projects and created 438 new
jobs since its launch in 2012. Other roadmap initiatives include $5 million to establish 20 Technology
Enabled Learning Centres, $800,000 for the Moe Work and Learning Centre and $525,000 to help high
performing firms expand their potential and strengthen supply chains.
International Mining and Resources Conference (IMARC)
The department has established a resources roundtable, chaired by the Deputy Premier of Victoria the Hon.
Peter Ryan MP and comprising senior industry executives from across the mining and mining services
sectors including representatives from BHP Billiton, Orica and MMG. The roundtable provides strategic
advice to the department on the direction of IMARC, which will be held in Melbourne in September 2014. The
aim of IMARC is to promote Victoria as a global hub of mining and mining services, help Victorian
businesses better participate in the mining industry, and develop Victoria’s earth resources to unlock the
value of this sector.
Supporting Victorian small business
The department has a strong focus on supporting all small business within Victoria through a range of
targeted programs and support mechanisms. Support Small Business Day is a Government initiative
dedicated to encouraging Victorians to explore their local community and spend at local small businesses.
Small businesses account for 96 per cent of all businesses in the state, and almost half of all private sector
jobs. Organised by the department, the inaugural event was held in October 2013. More than 2,000 small
businesses registered to participate in the day, and more than 2,900 consumers registered as shoppers to
gain access to vouchers and special incentives.
The Small Business Festival gives small businesses the opportunity to learn practical news skills and access
new ideas to help boost productivity and competitiveness. The Small Business Bus visits Melbourne and
regional Victoria as a ‘travelling office on wheels’ offering professional assistance as well as expert advice
from an experienced business mentor.
Launch of the eServices Register
The eServices Register was launched in July 2013 and provides an electronic marketplace for suppliers and
government buyers to transact. The register has in excess of 1,200 recorded suppliers. More than 1,000
sourcing events have been posted to date by government buyers.
Relaunch of the vic.gov.au website
Averaging 250,000 visits per month vic.gov.au provides comprehensive access to Government programs,
services and information. This year the department made four major additions to the site:
Department of State Development, Business and Innovation Annual Report 2013-14
34
 a central information source for all government grants and assistance called Grants Victoria
 consultations.vic.gov.au which lists all government consultations
 all Victorian online services listed in Services Victoria
 all government online publications are now featured at publications.vic.gov.au
Relaunch of business.vic.gov.au
Launched at the end of March 2014, the enhanced Business Victoria website (business.vic.gov.au) is more
intuitive and has improved access across all devices – desktop, tablet or smartphone. Since relaunch, visits
have increased by more than 20 per cent and it is now simpler and faster for SMEs to find information on
setting up a business and improving productivity, regulatory information, financial support, advice/mentoring
and training and information on grants and how to apply online.
Victorian Women in International Business Program
VWIIB program is a networking and discussion forum for women working in, or interested in working in,
international business. It offers women the opportunity to grow their own export businesses by forging new
connections and developing new partnerships with other women. Current VWIIB activities include a LinkedIn
page, training to get businesses export-ready, and various Melbourne networking events.
Other achievements
In addition to the STMs there were 12 other inbound and outbound missions this year involving 279
companies showcasing their wares to key markets. Collectively, these companies expect sales to increase
by $180 million over the next two years.
Marysville continues to bounce back from the devastating bushfires of five years ago. Highlights this
year include:
 the completion of the $2 million redevelopment of the Marysville Community Golf and Bowls Club
 the continuing rebuild of the new $28 million Vibe Hotel and Conference Centre
 the launch of the Visit Marysville app
 the fourth annual Australian Sparkling Wine Show.
The Small Business Workshops and Seminars Program provides rapid skill development for small
business operators and those thinking of starting a business. More than 22 business topics are available,
and all sessions are delivered by experienced workshop leaders. The program is offered at low-cost ($20 per
seminar and $30 per workshop) and Small Business Victoria partners with host organisations to deliver the
program throughout Victoria. In 2013-14 more than 4,160 participants attended more than 350 workshops
and seminars.
The Small Business Mentoring Program provides low-cost, high-quality business mentoring through the
Small Business Mentoring Service. There are more than 80 small business mentors located throughout
metropolitan and regional areas. In 2013-14, 2,556 Victorian businesses received mentoring assistance at
more than 3,400 sessions.
The Metropolitan VGBO network continued to facilitate workshops and briefings with the Metropolitan
Planning Authority (MPA) as it actively engaged with business in the rollout of its PlanMelbourne Strategy.
Work has begun with the MPA to implement a range of important initiatives aimed at delivering jobs and
investment.
Department of State Development, Business and Innovation Annual Report 2013-14
35
The Southern Metropolitan VGBO ran a series of food industry roundtable events to assist industry
understand the role of the department, how it can help business with export opportunities and to promote the
work of our international offices. Assistance was also offered to help reduce the cost of water and
wastewater to the food industry, which is a significant financial burden. The workshops were run in
conjunction with the Victorian Centre for Sustainable Manufacturing.
The department’s Northern and Southern Metropolitan VGBOs, in collaboration with local councils, Regional
Development Australia and the Industry Capability Network, hosted two Christchurch Recovery rebuilding
updates in late 2013 and early 2014 to provide an update following the city’s 2011 earthquake. The southern
event, attended by the Hon. David Hodgett MP, attracted more than 250 participants while the northern
event attracted 130 people. Opportunities were identified for building contractors and suppliers, infrastructure
consultants, engineering services, and transport and logistics firms. The program budget is approximately
$40 billion and Victorian companies are currently collaborating on tenders for anchor projects.
The Southern Metropolitan VGBO hosted an Australian Rail Industry Forum in May 2014. Attended by
more than 200 businesses, the forum was an opportunity to discuss initiatives aimed at improving the
competitiveness of and opportunities for the Australian rail sector. Presentations centred on policy
announcements, global rail supply-chain opportunities including the September 2014 trade mission to
Germany for InnoTrans 2014 and Austrade’s market insights.
A series of five healthcare workshops were held during 2013 by the Eastern Metropolitan VGBO to
improve communications in the health and aged care sector. The workshops explored the need for a holistic
approach to the integration of technology-enabled services for healthcare in the home. This development
could potentially see a 45 per cent reduction in mortality rates and a 20 per cent reduction in emergency
admissions, plus fewer Accident and Emergency visits, and fewer elective surgery admissions and hospitalbed days.
The Premier convened automotive roundtable meetings with key automotive industry stakeholders to
discuss strategies and initiatives to assist the industry transition into new opportunities. Sub-committees with
industry and the department participation have been formed to address specific skills and automotive supply
chain issues. The department engaged with key industry stakeholders to develop initiatives to connect
automotive businesses with new opportunities both domestically and globally.
Promote the delivery of safe, reliable and
competitive energy services, and grow a
sustainable resources sector *
Significant achievements
Advanced Lignite Demonstration Program
In August 2012, the Victorian and Federal Governments launched the ALDP, which aims to develop and
deploy emerging technology to reduce the greenhouse gas emissions intensity of lignite (brown coal),
improve the economically recoverable return from lignite, and provide employment opportunities in the
Latrobe Valley and broader region. Projects funded this year include $30 million to Coal Energy Australia,
$20 million to Ignite Energy Resources and $25 million to Shanghai Electric Australia Power & Energy
Development.
*
This strategic objective is detailed in the 2014-15 Budget Papers No.3 Service Delivery.
Department of State Development, Business and Innovation Annual Report 2013-14
36
Community consultation process for onshore natural gas
The Government is working towards gaining a deeper understanding of community concerns about the
possible future development of onshore natural gas including tight, shale and coal seam gas. In April 2014
the department launched the Natural Gas Community Information website (naturalgasinfo.vic.gov.au) and
began a community consultation process. This process includes open days, meetings and workshops with
community and local government, and gives Victorians an opportunity to discuss their key concerns,
particularly in rural and regional areas where commercially-viable reserves of onshore natural gas may exist.
Currently there is an extended moratorium on new exploration licences for all types of onshore natural gas
and hydraulic fracturing until at least July 2015.
Launch of Minerals Development Victoria
The launch of MDV in 2013-14 has created a single point-of-entry for investors dealing with the Victorian
Government for exploration, mining and quarrying projects. MDV will also focus on streamlining and
improving approvals and regulations. Current MDV projects include:
 Stockman Project copper mine in East Gippsland
 Big Hill gold mine in Stawell
 facilitating the ongoing operating of Iluka Resources’ separation plant
 ongoing strategic access to extractive resources to support the growth of Melbourne’s infrastructure.
International Low Rank Coal Industry Symposium
A total of 220 delegates from 20 of the world’s major low-rank coal user and producer countries attended the
third International Low Rank Coal Industry Symposium in April 2014. Hosted by the Victorian Government,
delegates heard about the industry’s current status, energy demand, how to develop skills and the industry’s
future plans. They also discussed carbon capture and storage developments and how to secure a social
licence to operate, obtain project financing, and monetise coal for purposes beyond electricity.
Significant geoscience findings published in international publication
A new geodynamic model of Eastern Australia, developed in collaboration by research staff from the
Geological Survey of Victoria (GSV) and Monash University, was published in the international journal
Nature in April 2014. The team comprising Louis Moresi, Peter Betts, Meghan Miller and Ross Cayley (GSV)
explained the chain of events following impact between continental fragments at subduction zones. Using
geological data from Eastern Australia, this model develops the idea that only one continent-dipping
subduction zone was active beneath Eastern Australia millions of years ago. This provides a new geological
template for predicting the location of buried mineral systems in Victoria. Practical applications for this
modelling include highlighting new exploration opportunities in Victoria and the potential for new mineral
discoveries including copper and gold.
Strengthening Victoria’s Earth Resources Program
This program is a $19.2 million initiative established to revitalise exploration and mining in Victoria by
attracting new exploration to the state and reducing barriers to investment. As part of the initiative’s
implementation, the Mineral Resources (Sustainable Development) Act was amended in February 2014 to
reduce the regulatory burden on industry. In April 2014, the Extractives Resources Taskforce was
established to focus on the strategic planning and development of the state’s extractives resources to meet
infrastructure and other market demands linked to urban growth plans.
Department of State Development, Business and Innovation Annual Report 2013-14
37
Advanced Metering Infrastructure Program
The Government’s AMI Program is ensuring that remotely read meters (smart meters) are the standard
electricity meter for households and small business across the state. In 2013-14, the rollout of more than 2.6
million meters, overseen by the department, neared completion, enabling Victorians to better monitor and
manage their energy usage. Smart meters also support the transition of consumers to the option of flexible
pricing by allowing them to pay different rates depending on when they use power, and thereby minimise
their energy bills.
The Government also announced in May 2014 the successful applicants for grants under the $1 million
Energy Information Fund (EIF). The EIF offers up to $120,000 to not-for-profit organisations for projects
designed to help vulnerable and hard-to-reach Victorians to better understand the energy market and find
ways to save money on their power bills. This includes seniors, the disabled and those for whom English is
not the primary language. The department awarded 15 EIF grants in 2013-14.
Powerline Bushfire Safety Program
The PBSP is the Government’s $750 million, 10-year program to deliver Recommendations 27 and 32 of the
Victorian Bushfires Royal Commission. The program is on track and its key achievements this year included:
 replacing approximately 45 kilometres of powerlines in high fire risk areas with underground or aerial
bundled cable
 installing more than 30 diesel back-up power generators in regional and rural residential care facilities as
part of the $40 million Local Infrastructure Assistance Fund which provides critical back-up power to
Victoria’s most vulnerable citizens
 installing approximately 200 remotely controlled Automatic Circuit Reclosers on rural feeders
 conducting a world-first trial of arc suppression capabilities of the Rapid Earth Fault Current Limiter
(REFCL) protection device technology, comprising more than 200 separate tests on a special purpose
field test facility
 a world-first trial of REFCLs using state-of-the-art technology to reduce the risk of powerlines starting
bushfires.
Other achievements
The online My Power Planner tool has helped more than 70,000 Victorians save on their electricity bills by
enabling them to compare offers from different electricity retailers.
Energy Technology Innovation Grants included $1 million to RayGen Resources to support the design,
construction and testing of the modular two kilowatt prototype solar power test facility, as well as a grant to
Solar Systems to complete stage two of its large scale demonstration solar project in Mildura and
Bridgewater.
The CarbonNet Project is investigating the potential for establishing a world-class, large scale carbon
capture and storage network in the Gippsland region. Work is continuing to complete the feasibility phase of
this project including a geoscience evaluation program.
Department of State Development, Business and Innovation Annual Report 2013-14
38
03 Financial Report
Introduction
This financial report covers the Department of State Development, Business and Innovation (the department)
as an individual reporting entity and is presented in the Australian currency.
The Department of State Development, Business and Innovation is a Government Department of the State
of Victoria. The department was established pursuant to an order made by the Premier under the
Administrative Arrangements Act 1983. The department’s principal address is:
Department of State Development,
Business and Innovation
121 Exhibition Street
Melbourne VIC 3000
A description of the nature of the department’s operations and its principal activities is included in the Report
of Operations section of the annual report which does not form part of this financial report.
For inquiries in relation to our reporting please call 9651 9999, or visit the Department of State Development,
Business and Innovation website (dsdbi.vic.gov.au).
Department of State Development, Business and Innovation Annual Report 2013-14
39
Contents
Introduction .......................................................................................................................................................39
Comprehensive operating statement ................................................................................................................41
Balance sheet ...................................................................................................................................................42
Statement of changes in equity ........................................................................................................................43
Cash flow statement .........................................................................................................................................44
Notes to the financial statements .....................................................................................................................45
Note 1. Summary of significant accounting policies ....................................................................................45
Note 2. Departmental (controlled) outputs ..................................................................................................70
Note 3. Administered (non-controlled) items ...............................................................................................74
Note 4. Income from transactions ...............................................................................................................76
Note 5. Expenses from transactions ...........................................................................................................76
Note 6. Other economic flows included in net result ...................................................................................78
Note 7. Receivables ....................................................................................................................................79
Note 8. Inventories ......................................................................................................................................79
Note 9. Restructuring of administrative arrangements ................................................................................80
Note 10. Property, plant and equipment ......................................................................................................81
Note 11. Non-financial physical assets classified as held for sale including disposal group assets
and directly associated liabilities .................................................................................................................89
Note 12. Investments accounted for using the equity method ....................................................................89
Note 13. Intangible assets ...........................................................................................................................90
Note 14. Other non-financial assets ............................................................................................................91
Note 15. Payables .......................................................................................................................................91
Note 16. Borrowings ....................................................................................................................................92
Note 17. Provisions .....................................................................................................................................92
Note 18. Superannuation .............................................................................................................................93
Note 19. Other liabilities ..............................................................................................................................94
Note 20. Leases ..........................................................................................................................................94
Note 21. Commitments for expenditure .......................................................................................................96
Note 22. Contingent assets and contingent liabilities ..................................................................................97
Note 23. Financial instruments ....................................................................................................................98
Note 24. Cash flow information .................................................................................................................107
Note 25. Investments .................................................................................................................................108
Note 26. Reserves .....................................................................................................................................108
Note 27. Summary of compliance with annual parliamentary and special appropriations ........................109
Note 28. Ex-gratia expenses .....................................................................................................................110
Note 29. Annotated income agreements ...................................................................................................110
Note 30. Trust account balances ...............................................................................................................110
Note 31. Responsible persons ..................................................................................................................114
Note 32. Remuneration of executives and payments to other personnel .................................................115
Note 33. Remuneration of auditors............................................................................................................117
Note 34. Glossary of terms ........................................................................................................................117
Accountable Officer’s and Chief Finance Officer’s Declaration ......................................................................123
Auditor-General’s report .................................................................................................................................124
Department of State Development, Business and Innovation Annual Report 2013-14
40
Comprehensive operating statement
for the financial year ended 30 June 2014
2014*
$’000
2013
$’000
Output appropriations
576,223
438,132
Regional Growth Fund appropriations
136,000
–
Notes
Continuing operations
Income from transactions
Interest
4(a)
5,312
611
Grants
4(b)
84,008
83,495
Other income
4(c)
139,444
98,654
940,987
620,892
Total income from transactions
Expenses from transactions
Employee expenses
5(a)
(115,787)
(78,271)
Depreciation and amortisation
5(b)
(8,743)
(4,060)
Interest expense
5(c)
(280)
(47)
Grants and other transfers
5(d)
(484,647)
(310,279)
(9,801)
(9,491)
(282,883)
(203,940)
(902,141)
(606,088)
38,846
14,804
Capital asset charge
Other operating expenses
5(e)
Total expenses from transactions
Net result from transactions (net operating balance)
Other economic flows included in net result
Net gain/(loss) on non-financial assets
6(a)
(4,850)
(3,887)
Net gain/(loss) on financial instruments
6(b)
(40)
–
Other gains/(losses) from other economic flows
6(c)
(32)
93
Total other economic flows included in net result
(4,922)
(3,794)
Net result
33,924
11,010
5,320
–
(5,320)
–
–
–
33,924
11,010
Other economic flows – other comprehensive income
Items that will not be classified to net result
Transfer of asset revaluation surplus to accumulated surplus
Changes in physical asset revaluation reserve
Total other economic flows – other comprehensive
income
Comprehensive result
26
* 2014 includes the impact of Machinery of Government and administrative changes, however comparative
amounts for the prior year have not been adjusted.
The comprehensive operating statement should be read in conjunction with the notes to the financial
statements.
Department of State Development, Business and Innovation Annual Report 2013-14
41
Balance sheet
as at 30 June 2014
Notes
2014*
$’000
2013
$’000
24
396,760
89,229
Receivables
7
155,171
113,626
Investments
25
90
–
552,021
202,855
8
10,168
23,646
Non-financial physical assets classified as held for sale
including disposal group assets
11
25
23
Property, plant and equipment
10
559,026
526,159
Investments accounted for using the equity method
12
35,000
35,000
Intangible assets
13
36,232
26,490
Other non-financial assets
14
1,858
966
642,309
612,284
1,194,330
815,139
Assets
Financial assets
Cash and deposits
Total financial assets
Non-financial assets
Inventories
Total non-financial assets
Total assets
Liabilities
Payables
15
100,358
62,672
Borrowings
16
3,201
984
Provisions
17
35,188
20,876
Other liabilities
19
84
194
Liabilities directly associated with assets classified as held for
sale including disposal groups
11
25
23
138,856
84,749
1,055,474
730,390
249,103
209,859
25,650
30,970
780,721
489,561
1,055,474
730,390
Total liabilities
Net assets
Equity
Accumulated surplus
Physical asset revaluation surplus
26
Contributed capital
Total equity
* 2014 includes the impact of Machinery of Government and administrative changes, however comparative
amounts for the prior year have not been adjusted.
Restructure of administrative arrangements
9
Commitments for expenditure
21
Contingent assets and contingent liabilities
22
The balance sheet should be read in conjunction with the notes to the financial statements.
Department of State Development, Business and Innovation Annual Report 2013-14
42
Statement of changes in equity
for the financial year ended 30 June 2014
Physical
Asset
Revaluation Accumulate Contributed
Surplus
d Surplus
Capital
Notes
$’000
$’000
$’000
Balance at 1 July 2012
Total
$’000
30,970
198,849
381,204
611,023
Net result for the year
–
11,010
–
11,010
Capital appropriations
–
–
120,511
120,511
Transfers
–
–
(12,154)
(12,154)
30,970
209,859
489,561
730,390
Net result for the year
–
33,924
–
33,924
Capital appropriations
–
–
43,835
43,835
–
–
266,359
266,359
Transfers via contributed capital
–
–
(19,034)
(19,034)
Transfer to accumulated surplus
(5,320)
5,320
–
–
Balance at 30 June 2014
25,650
249,103
780,721
1,055,474
Balance at 30 June 2013
Administrative restructure – net
assets received
9
The statement of changes in equity should be read in conjunction with the notes to the financial statements.
Department of State Development, Business and Innovation Annual Report 2013-14
43
Cash flow statement
for the financial year ended 30 June 2014
2014*
$’000
2013
$’000
Receipts from Government
676,877
522,913
Receipts from other entities
258,458
91,088
44,549
41,754
5,312
611
985,196
656,366
Payments of grants and other transfers
(484,647)
(310,278)
Payments to suppliers and employees
(427,455)
(305,858)
(9,801)
(9,491)
(280)
(47)
(922,183)
(625,674)
63,013
30,692
(38,058)
(117,440)
Sales of non-financial assets
1,090
351
Payments for intangible assets
(701)
(2,803)
(37,669)
(119,892)
38,031
117,975
246,257
–
(2,101)
(591)
Net cash flows from/(used in) financing activities
282,187
117,384
Net increase/(decrease) in cash and cash equivalents
307,531
28,184
89,229
61,045
396,760
89,229
Notes
Cash flows from operating activities
Receipts
Goods and Services Tax recovered from the ATO
Interest received
Total receipts
Payments
Capital asset charge payments
Interest and other costs of finance paid
Total payments
Net cash flows from/(used) in operating activities
24(c)
Cash flows from investing activities
Purchases of non-financial assets
Net cash flows from/(used in) investing activities
Cash flows from financing activities
Owner contributions by State Government
Restructuring of administrative arrangements
Repayment of finance leases
Cash and cash equivalents at the beginning of the financial
year
Cash and cash equivalents at the end of the financial year
24(a)
* 2014 includes the impact of Machinery of Government and administrative changes, however comparative
amounts for the prior year have not been adjusted.
Non-cash transactions
24(b)
The cash flow statement should be read in conjunction with the notes to the financial statements.
Department of State Development, Business and Innovation Annual Report 2013-14
44
Notes to the financial statements
for the financial year ended 30 June 2014
Note 1. Summary of significant accounting policies
These annual financial statements represent the audited general purpose financial statements for the
Department of State Development, Business and Innovation (the department) for the period ended 30 June
2014. The purpose of the report is to provide users with information about the department’s stewardship of
resources entrusted to it.
(A) Statement of compliance
These general purpose financial statements have been prepared in accordance with the Financial
Management Act 1994 and applicable Australian Accounting Standards (AAS), which include Interpretations,
issued by the Australian Accounting Standards Board (AASB). In particular, they are presented in a manner
consistent with the requirements of the AASB 1049 Whole of Government and General Government Sector
Financial Reporting.
Where appropriate, those paragraphs of the AASs applicable to not-for-profit entities have been applied.
Accounting policies are selected and applied in a manner which ensures that the resulting financial
information satisfies the concepts of relevance and reliability, thereby ensuring that the substance of the
underlying transactions or other events is reported.
To gain a better understanding of the terminology used in this report, a glossary of terms can be found in
Note 34.
These annual financial statements were authorised for issue by the Secretary of the department on 4
September 2014.
(B) Basis of accounting preparation and measurement
The accrual basis of accounting has been applied in the preparation of these financial statements whereby
assets, liabilities, equity, income and expenses are recognised in the reporting period to which they relate,
regardless of when cash is received or paid.
Judgements, estimates and assumptions are required to be made about the carrying values of assets and
liabilities that are not readily apparent from other sources. The estimates and associated assumptions are
based on professional judgements derived from historical experience and various factors that are believed to
be reasonable under the circumstances. Actual results may differ from these estimates.
Revisions to accounting estimates are recognised in the period in which the estimate is revised and also in
future periods that are affected by the revision. Judgements and assumptions made by management in the
application of AASs that have significant effects on the financial statements and estimates relate to:
 the fair value of land, buildings, infrastructure, plant and equipment (refer to Note 1(Q))
 superannuation expense (refer to Note 1(K)); and
 actuarial assumptions for employee benefit provisions based on likely tenure of existing staff, patterns of
leave claims, future salary movements and future discount rates (refer to Note 1(R)).
These financial statements are presented in Australian dollars, and prepared in accordance with the
historical cost convention except for:
Department of State Development, Business and Innovation Annual Report 2013-14
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 non-financial physical assets which, subsequent to acquisition, are measured at a revalued amount being
their fair value at the date of the revaluation less any subsequent accumulated depreciation and
subsequent impairment losses. Revaluations are made with sufficient regularity to ensure that the
carrying amounts do not materially differ from their fair value.
Consistent with AASB 13 Fair Value Measurement, the department determines the policies and procedures
for both recurring fair value measurements such as property, plant and equipment, and financial instruments
and for non-recurring fair value measurements such as non-financial physical assets held for sale, in
accordance with AASB 13 and the relevant Financial Reporting Directions.
All assets and liabilities for which fair value is measured or disclosed in the financial statements are
categorised within the fair value hierarchy, described as follows, based on the lowest level input that is
significant to the fair value measurement as a whole:
 Level 1 – Quoted (unadjusted) market prices in active markets for identical assets or liabilities
 Level 2 – Valuation techniques for which the lowest level input that is significant to the fair value
measurement is directly or indirectly observable; and
 Level 3 – Valuation techniques for which the lowest level input that is significant to the fair value
measurement is unobservable.
For the purpose of fair value disclosures, the department has determined classes of assets and liabilities on
the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value
hierarchy as explained above.
In addition, the department determines whether transfers have occurred between levels in the hierarchy by
re-assessing categorisation (based on the lowest level input that is significant to the fair value measurement
as a whole) at the end of each reporting period.
The Valuer-General Victoria (VGV) is the department’s independent valuer.
The department, in conjunction with the VGV, monitors changes in the fair value of each asset and liability
through relevant data sources to determine whether revaluation is required.
(C) Scope and presentation of financial statements
Comprehensive operating statement
The comprehensive operating statement comprises three components, ‘net result from transactions’ (or
termed as ‘net operating balance’), ‘other economic flows included in net result’, as well as ‘other economic
flows -other comprehensive income’. The sum of the former two, together with the net result from discounted
operations, represents the net result.
The net result is equivalent to profit or loss derived in accordance with AASs.
This classification is consistent with the whole of Government reporting format and is allowed under AASB
101 Presentation of Financial Statements.
Balance sheet
Assets and liabilities are presented in liquidity order with assets aggregated into financial assets and nonfinancial assets.
Current and non-current assets and liabilities (non-current being those expected to be recovered or settled in
more than 12 months after the reporting period) are disclosed in the notes, where relevant.
Department of State Development, Business and Innovation Annual Report 2013-14
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Statement of changes in equity
The statement of changes in equity presents reconciliations of non-owner and owner changes in equity from
the opening balance at the beginning of the reporting period to the closing balance at the end of the reporting
period. It also separately shows changes due to amounts recognised in the ‘comprehensive result’ and
amounts recognised in ‘other economic flows – other movements in equity’ related to ‘transactions with
owner in its capacity as owner’.
Cash flow statement
Cash flows are classified according to whether or not they arise from operating, investing or financing
activities. This classification is consistent with requirements under AASB 107 Statement of Cash Flows.
For cash flow statement presentation purposes, cash and cash equivalents include bank overdrafts, which
are included as current borrowings on the balance sheet.
Rounding
Amounts in the financial statements have been rounded to the nearest $1,000, unless otherwise stated.
Figures in the financial statements may not equate due to rounding. Please refer to Note 34 for a style
convention for explanations of minor discrepancies resulting from rounding.
(D) Changes in accounting policy
The following new and revised Standards have been adopted in the current period with their financial impact
detailed below.
AASB 13 Fair value measurement
AASB 13 establishes a single source of guidance for all fair value measurements. AASB 13 does not change
when a department is required to use fair value, but rather provides guidance on how to measure fair value
under AASs when fair value is required or permitted. The department has considered the specific
requirements relating to highest and best use, valuation premise, and principal market. The methods,
assumptions, processes, and procedures for determining fair value were revisited and adjusted where
applicable. In light of AASB 13, the department has reviewed the fair value principles as well as its current
valuation methodologies in assessing the fair value, and the assessment has not materially changed the fair
values recognised.
AASB 13 has impacted the disclosure by the department as it requires specific disclosure about fair value
measurements and disclosures of fair values, some of which replace existing disclosure requirements in
other standards, including AASB 7 Financial Instruments: Disclosures.
The disclosure requirements of AASB 13 apply prospectively and need not be applied in comparative
information before first application. Consequently, the 2012-13 comparatives of these disclosures have not
been provided, except for financial instruments, of which the fair value disclosures are required under AASB
7 Financial Instruments: Disclosures.
AASB 119 Employee benefits
In 2013-14, the department has applied AASB 119 Employee benefits (September 2011, as amended) and
the related consequential amendments for the first time.
The revised AASB 119 changes the accounting for defined benefit plans and termination benefits. The most
significant change relates to the accounting for changes in defined benefit obligation and plan assets. As the
current accounting policy is for the Department of Treasury and Finance (DTF) to recognise and disclose the
Department of State Development, Business and Innovation Annual Report 2013-14
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state’s defined benefit liabilities in its financial statements, changes in defined benefit obligations and plan
assets will have limited impact on the department.
The revised standard also changes the definition of short-term employee benefits. These were previously
benefits that were expected to be settled within twelve months after the end of the reporting period in which
the employees render the related service, however, short-term employee benefits are now defined as
benefits expected to be settled wholly within twelve months after the end of the reporting period in which
employees rendered the related service. As a result, accrued annual leave balances which were previously
classified as short-term employee benefits no longer meet this definition and are classified as long-term
employee benefits. Where this has occurred it will result in a change of measurement for the annual leave
provision from an undiscounted to discount basis.
The department has undertaken a detailed analysis of accrued annual leave balances for the last three years
and considers the accrued annual leave is consistent with the department’s annual leave policy and Victorian
Public Service Workplace Determination 2012 (Conditions of Employment), both of which require accrued
annual leave to be settled wholly within twelve months after the end of the reporting period in which
employees rendered the related service.
Accordingly, the department has accounted for the accrued annual leave liability at the reporting date as
short-term employee benefits measured at nominal value.
(E) Basis of consolidation
In accordance with AASB 127 Consolidated and Separate Financial Statements:
 The consolidated financial statements of the department incorporates assets and liabilities of all reporting
entities controlled by the department as at 30 June 2014, and their income and expenses for that part of
the reporting period in which control existed (refer Note 1(F)) are controlled and consolidated.
 The consolidated financial statements exclude bodies within the department’s portfolio that are not
controlled by the department and therefore are not consolidated. Bodies and activities that are
administered (refer Note 1(G)) are also not controlled and not consolidated.
Where control of an entity is obtained during the financial period, its results are included in the
comprehensive operating statement from the date on which control commenced. Where control ceases
during a financial period, the entity’s results are included for that part of the period in which control existed.
Where dissimilar accounting policies are adopted by entities and their effect is considered material,
adjustments are made to ensure consistent policies are adopted in these financial statements.
In the process of preparing consolidated financial statements for the department, all material transactions
and balances between consolidated entities are eliminated.
Consistent with the requirements of AASB 1004 Contributions, contributions by owners (i.e. contributed
capital and its repayment) are treated as equity transactions and, therefore, do not form part of the income
and expenses of the department.
Jointly controlled assets or operations
Interest in jointly controlled assets or operations are not consolidated by the department, but are accounted
for in the financial statements using the equity method. Under the equity method, the share of the profits or
losses of the partnership is recognised in the comprehensive operating statement, and the share of
movements in reserves is recognised in reserves (non-owner equity) in both the comprehensive operating
statement and the statement of changes in equity. The cumulative post-acquisition changes are adjusted
against the carrying value of the jointly controlled entity. Details relating to the joint venture are set out in
Note 12.
Department of State Development, Business and Innovation Annual Report 2013-14
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The department has a joint venture interest with Monash University in the Australian Regenerative Medical
Institute (ARMI). ARMI was established to construct and operate a facility which will promote Victoria as a
global leader in regenerative medical research, foster and develop existing research collaboration on both
domestic and overseas projects, and provide a major site for both undergraduate and post graduate training
programs. The department has no rights to share profits and is not liable for losses of the Joint Venture as
set-out in the Joint Venture Funding Agreement.
(F) Reporting entity
The financial statements cover the department as an individual reporting entity.
The department is a Government Department of the State of Victoria, established pursuant to an order made
by the Premier under the Administrative Arrangements Act 1983.
Its principal address is:
Department of State Development,
Business and Innovation
121 Exhibition Street, Melbourne VIC 3000
Postal address:
PO Box 4509 Melbourne VIC 3001.
The department is an administrative agency acting on behalf of the Crown.
The financial statements include all the controlled activities of the department. The following statutory body is
included in the department’s reporting entity:
 Victoria Trade and Investment Office Pty Ltd, a wholly owned subsidiary operating in China, was acquired
on 1 July 2005 to enable the department to engage in trade and investment promotion activities in the
South-East Asian region.
In addition, the following entities are included in the department‘s reporting entity:
 Office of the Small Business Commissioner established under the Small Business Commissioner Act
2003
 Major Projects Victoria (MPV) is part of the department but derives its powers through delegation to the
Executive Director MPV and other senior officers from the Secretary to the Department of State
Development, Business and Innovation, body corporate under the Project Development Construction and
Management Act 1994 (Vic).
 Regional Development Victoria
 Red Tape Commissioner, and
 Victorian Mining Warden.
A description of the nature of the department’s operations and its principal activities is included in the Report
of Operations which does not form part of the financial statements.
Details on the restructure of administrative arrangements can be found in Note 9.
Objectives and funding
The objectives of the department during the reporting period were:
 assist businesses in accessing skilled workers to align with Victoria’s industry needs
 provide market intelligence and assistance to organisations to make it easy to invest in Victoria
Department of State Development, Business and Innovation Annual Report 2013-14
49
 create more opportunities for Victorian communities and businesses to grow and become more
productive and competitive in the global marketplace
 promote Victoria to attract tourists, investors, and students
 support organisations and Government to boost their productivity through innovation and technology
 promote the delivery of safe, reliable and competitive energy services, and grow a sustainable resources
sector.
Information about the department’s output activities, and the income, expenses, assets and liabilities which
are reliably attributable to those output activities, is set out in the output activities schedule at Note 2.
Information about income, expenses, assets and liabilities administered by the department are given in the
schedule of administered expenses and income and the schedule of administered assets and liabilities, refer
to Note 3.
(G) Administered items
Certain resources are administered by the department on behalf of the state. While the department is
accountable for the transactions involving administered items, it does not have the discretion to deploy the
resources for its own benefit or the achievement of its objectives. Accordingly, transactions and balances
relating to administered items are not recognised as departmental income, expenses, assets or liabilities in
the body of the financial statements.
Administered income includes revenue generated for the state from brown coal and minerals royalties,
levies, and mining licences. Administered assets include Government income earned but not yet collected.
Administered liabilities include Government expenses incurred but not yet paid.
Except as otherwise disclosed, administered resources are accounted for on an accrual basis using the
same accounting policies adopted for recognition of the departmental items in the financial statements. Both
controlled and administered items of the department are consolidated into the financial statements of the
state.
Disclosures related to administered items can be found in Notes 3 and 21.
(H) Events after the reporting period
Assets, liabilities, income or expenses arise from past transactions or other past events. Where the
transactions result from an agreement between the department and other parties, the transactions are only
recognised when the agreement is irrevocable at or before the end of the reporting period. Adjustments are
made to amounts recognised in the financial statements for events which occur after the reporting period and
before the date the financial statements are authorised for issue, where those events provide information
about conditions which existed in the reporting period. Note disclosure is made about events between the
end of the reporting period and the date the financial statements are authorised for issue where the events
relate conditions which arose after the end of the reporting period and which may have a material impact on
the results of subsequent years.
(I) Accounting for goods and services tax (GST)
Income, expenses, assets and liabilities are recognised net of the amount of associated GST, except where
GST incurred is not recoverable from the taxation authority. In this case GST payable is recognised as part
of the cost of acquisition of the asset or as part of the expense.
Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount
of GST recoverable from, or payable to, the taxation authority is included with other receivables or payables
in the balance sheet.
Department of State Development, Business and Innovation Annual Report 2013-14
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Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or
financing activities which are recoverable from or payable to the taxation authority, are presented as an
operating cash flow.
Commitments, contingent assets and contingent liabilities are also stated exclusive of GST (refer to Note
1(S) and Note 1(T)).
(J) Income from transactions
Income is recognised to the extent that it is probable that the economic benefits will flow to the department
and the income can be reliably measured at fair value.
Appropriation income
Appropriated income becomes controlled and is recognised by the department when it is appropriated from
the Consolidated Fund by the Victorian Parliament and applied to the purposes defined under the relevant
Appropriations Act. Additionally, the department is permitted under Section 29 of the Financial Management
Act 1994 to have certain income annotated to the annual appropriation. The income which forms part of a
Section 29 agreement is recognised by the department and the receipts paid into the Consolidated Fund as
an administered item. At the point of income recognition, Section 29 provides for an equivalent amount to be
added to the annual appropriation. Examples of receipts which can form part of a Section 29 agreement are
Commonwealth specific purpose grants, municipal council special purpose grants, the proceeds from the
sale of assets, and income from the sale of products and services.
Where applicable, amounts disclosed as income are net of returns, allowances, duties and taxes. All
amounts of income over which the department does not have control are disclosed as administered income
in the schedule of administered income and expenses, refer Note 3. Income is recognised for each of the
department’s major activities as follows:
Output appropriations
Income from the outputs the department provides to Government is recognised when those outputs have
been delivered and the relevant Minister has certified delivery of those outputs in accordance with specified
performance criteria.
Interest income
Interest income includes interest received on bank term deposits and other investments and the unwinding
over time of the discount on financial assets. Interest income is recognised using the effective interest
method which allocates the interest over the relevant period.
Net realised and unrealised gains and
losses on the revaluation of investments do not form part of income from transactions, but are reported as
part of income from other economic flows in the net result or as unrealised gains and losses taken directly to
equity, forming part of the total change in net worth in the comprehensive result.
Trust income
Trust income received for a specific purpose is deferred and recognised progressively in the comprehensive
operating statement in the period in which conditions relating to the payment of the funds to third parties
have been met. Major trusts include the Regional Growth Fund.
All other trust income is recognised in the comprehensive operating statement when it is earned by the
department and any unapplied amounts as at the end of the reporting period are recognised in the balance
sheet under other liabilities until the associated expenditure is incurred. Accordingly, the department
Department of State Development, Business and Innovation Annual Report 2013-14
51
recognises current and non current unearned revenue based on the timing of the estimated future payments
to be made.
Grants
Income from grants (other than contribution by owners) is recognised when the department gains control
over the assets.
Where such grants are payable into the consolidated fund, they are reported as administered income. For
reciprocal grants (i.e. equal value is given back by the department to the provider), the department is
deemed to have assumed control when the department has satisfied its performance obligations under the
terms of the grant. For non reciprocal grants, the department is deemed to have assumed control when the
grant is receivable or received. Conditional grants may be reciprocal or non reciprocal depending on the
terms of the grant.
Fair value of assets and services received free of charge or for nominal consideration
Contributions of resources received free of charge or for nominal consideration are recognised at fair value
when control is obtained over them, irrespective of whether these contributions are subject to restrictions or
conditions over their use. Contributions in the form of services are only recognised when a fair value can be
reliably determined and the services would have been purchased if not received as a donation.
Other income
Other income includes trust income, property rental, and land development sales for the Kew Residential
Services Project.
Under the Kew Residential Developer Agreement the department, through MPV, is the proprietor for all
building lot sales and as such reports the proceeds from sales as well as the costs of the development.
(K) Expenses from transactions
Expenses from transactions are recognised as they are incurred, and reported in the financial year to which
they relate.
Grants and other transfers
Grants and other transfers to third parties are recognised as an expense in the reporting period in which they
are paid or payable. They include transactions such as grants, subsidies and other transfer payments
including but not limited to Tourism Victoria and Film Victoria.
Employee expenses
Refer to the section in Note 1(R) regarding employee benefits.
These expenses include all costs related to employment (other than superannuation which is accounted for
separately) including wages and salaries, fringe benefits tax, leave entitlements, redundancy payments, and
WorkCover premiums.
Superannuation – state superannuation defined benefit plans
The amount recognised in the comprehensive operating statement is the employer contributions for
members of both defined benefit and defined contribution superannuation plans that are paid or payable
during the reporting period.
Department of State Development, Business and Innovation Annual Report 2013-14
52
The DTF in their Annual Financial Statements, disclose on behalf of the state as the sponsoring employer,
the net defined benefit cost related to the members of these plans as an administered liability. Refer to DTF’s
Annual Financial Statements for more detailed disclosures in relation to these plans.
Depreciation and amortisation
All infrastructure assets, buildings, plant and equipment, and other non-financial physical assets (excluding
items under operating leases, assets held-for-sale, land and investment properties) that have finite useful
lives are depreciated or amortised. Depreciation is generally calculated on a straight-line basis, at rates that
allocate the asset’s value, less any estimated residual value, over its estimated useful life. Refer to Note 1(Q)
for the depreciation policy for leasehold improvements.
The estimated useful lives, residual values, and depreciation method are reviewed at the end of each annual
reporting period, and adjustments made where appropriate.
The following are typical estimated useful lives for the different asset classes for current and prior years:
Useful life
2014
2013
33 to 50
33 to 50
150
150
90
90
Leasehold improvements
8 to 15
8 to 15
Plant and equipment
3 to 10
3 to 10
1 to 5
1 to 5
Asset class
Buildings
Buildings leasehold
Infrastructure
Intangible produced assets – software
development
Core cultural assets, which are considered to have an indefinite life, are not depreciated. Depreciation is not
recognised in respect of these assets as their service potential has not, in any material sense, been
consumed during the reporting period.
Intangible produced assets with finite useful lives are amortised as an expense from transactions on a
systematic (typically straight line) basis over the asset’s useful life. Amortisation begins when the asset is
available for use (i.e. when it is in the location and condition necessary for it to be capable of operating in the
manner intended by management).
Intangible assets with indefinite useful lives are not amortised, but are treated annually for impairment.
The intangible asset, refer Note 13, is a deferred expense primarily relating to the development of Parkville
Gardens, internal software development, and the Resource Rights Allocation and Management (RRAM)
system, transferred as part of the Machinery of Government change that took effect on 1 July 2013. The
value for the development of Parkville Gardens is progressively recognised (expensed) in line with the sale
of properties within the site and is tested for impairment every 12 months, and RRAM’s is amortised over the
life of the software.
Interest expense
Interest expenses are recognised in the period in which they are incurred and mainly relate to finance lease
interest charges. Refer to Glossary of terms and style conventions in Note 34 for an explanation of interest
expense items.
Department of State Development, Business and Innovation Annual Report 2013-14
53
Capital asset charge
The capital asset charge is calculated on the budgeted carrying amount of applicable non-financial physical
assets.
Other operating expenses
Other operating expenses generally represent the day-to-day running costs incurred in normal operations
and include:
Supplies and services
Supplies and services are recognised as an expense in the reporting period in which they are incurred. The
carrying amounts of any inventories held for distribution are expensed when distributed.
Bad and doubtful debts
Refer to Note 1(O) Impairment of financial assets.
Fair value of assets and services provided free of charge or for nominal consideration
Contributions of resources provided free of charge or for nominal consideration are recognised at their fair
value by the transferee when the transferee obtains control over them, irrespective of whether restrictions or
conditions are imposed over the use of the contributions, unless received from another Government
department or agency as a consequence of a restructuring of administrative arrangements. In the latter case,
such a transfer will be recognised at carrying value.
Contributions in the form of services are only recognised when a fair value can be reliably determined and
the services would have been purchased if not donated.
(L) Other economic flows included in net result
Other economic flows measure the change in volume or value of assets or liabilities that do not result from
transactions. These include:
Net gain/(loss) on non-financial assets
Net gain/(loss) on non-financial assets and liabilities includes realised and unrealised gains and losses as
follows:
Revaluation gains/(losses) of non-financial physical assets
Refer to Note 1(Q) Revaluations of non-financial physical assets.
Disposal of non-financial assets
Any gain or loss on the disposal of non-financial assets is recognised at the date of disposal and is
determined after deducting from the proceeds the carrying value of the asset at that time.
Amortisation of non-produced intangible assets
Intangible non-produced assets with finite lives are amortised on a systematic (typically straight-line) basis
over the asset’s useful life. Amortisation begins when the asset is available for use (i.e. when it is in the
location and condition necessary for it to be capable of operating in the manner intended by management).
Department of State Development, Business and Innovation Annual Report 2013-14
54
Gain/(Loss) arising from transactions in foreign exchange
Refer to Note 1(V) Foreign Currency.
Impairment of non-financial assets
Intangible assets with indefinite useful lives (and intangible assets not yet available for use) are tested
annually for impairment (as described below) and whenever there is an indication that the asset may be
impaired.
All other non-financial assets are assessed annually for indications of impairment, except for:
 non-financial physical assets held for sale, refer Note 11
 inventories, refer Note 8.
If there is an indication of impairment, the assets concerned are tested as to whether their carrying amount
exceeds their recoverable amount. Where an asset’s carrying amount exceeds its recoverable amount, the
difference is written-off as an other economic flow, except to the extent that the write-down can be debited to
an asset revaluation surplus account applicable to that class of asset.
If there is an indication that there has been a change in the estimate of an asset’s recoverable amount since
the last impairment loss was recognised, the carrying amount shall be increased to its recoverable amount.
This reversal of the impairment loss occurs only to the extent that the asset’s carrying amount does not
exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no
impairment loss has been recognised in prior years.
It is deemed that, in the event of the loss of an asset, the future economic benefits arising from the use of the
asset will be replaced unless a specific decision to the contrary has been made. The recoverable amount for
most assets is measured at fair value less costs to sell. This is due to the fact most assets held by the
department are not primarily used for cash generating purposes, and in the event of their loss, the future
economic benefits arising from the use of the asset will be replaced unless a specific decision to the contrary
has been made. Recoverable amount for assets held primarily to generate net cash inflows is measured at
the higher of the present value of future cash flows expected to be obtained from the asset and fair value
less costs to sell.
Refer to Note 1(Q) in relation to the recognition and measurement of non-financial assets.
Net gain/(loss) on financial instruments
Net gain/(loss) on financial instruments includes:
 realised and unrealised gains and losses from revaluations of financial instruments at fair value;
 impairment and reversal of impairment for financial instruments at amortised cost (refer to Note 1(N)); and
 disposals of financial assets and derecognition of financial liabilities.
Revaluations of financial instruments at fair value
Refer to Note 1(N) Financial Instruments.
Other gains/(losses) from other economic flows
Other gains/(losses) from other economic flows include the gains or losses from:
 the revaluation of the present value of the long service leave liability due to changes in bond interest
rates; and
Department of State Development, Business and Innovation Annual Report 2013-14
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 transfer of amounts from the reserves to accumulated surplus or net result due to disposal or
derecognition or reclassification.
(M) Administered income
Grants from the Commonwealth Government and other jurisdictions
The department’s administered grants mainly comprise funds provided by the Commonwealth to assist the
State Government in meeting general or specific service delivery obligations, primarily for the purpose of
aiding in the financing of the operations of the recipient, capital purposes, and/or for on-passing to other
recipients. The department also receives grants for on-passing to other jurisdictions. The department does
not have control over these grants, and the income is not recognised in the department’s financial
statements. Administered grants are disclosed in the Schedule of Administered items in Note 3.
(N) Financial instruments
Financial instruments arise out of contractual agreements that give rise to a financial asset of one entity and
a financial liability or equity instrument of another entity. Due to the nature of the department’s activities,
certain financial assets and financial liabilities arise under statute rather than a contract. Such financial
assets and financial liabilities do not meet the definition of financial instruments in AASB 132 Financial
Instruments: Presentation. For example, statutory receivables arising from taxes, fines, and penalties do not
meet the definition of financial instruments as they do not arise under contract. However, guarantees issued
by the Treasurer on behalf of the department are financial instruments because, although authorised under
statute, the terms and conditions for each financial guarantee may vary and are subject to an agreement.
Where relevant, for note disclosure purposes, a distinction is made between those financial assets and
financial liabilities that meet, and do not meet the definition of financial instruments in accordance with AASB
132 Financial Instruments: Presentation.
The following refers to financial instruments unless otherwise stated:
Categories of non-derivative financial instruments
Loans and receivables
Loans and receivables are financial instrument assets with fixed and determinable payments that are not
quoted on an active market. These assets are initially recognised at fair value plus any directly attributable
transaction costs. Subsequent to initial measurement, loans and receivables are measured at amortised cost
using the effective interest method, less any impairment.
Loans and receivables category includes cash and deposits (refer to Note 1(O)), term deposits with maturity
greater than three months, trade receivables, loans and other receivables, but not statutory receivables.
Financial liabilities at amortised cost
Financial instrument liabilities are initially recognised on the date they are originated. They are initially
measured at fair value plus any directly attributable costs. Subsequent to initial recognition, these financial
instruments are measured at amortised cost with any difference between the initial recognised amount and
the redemption value being recognised in profit and loss over the period of the interest-bearing liability, using
the effective interest rate method, refer Note 34.
Financial instrument liabilities measured at amortised cost include all of the department’s contractual
payables, deposits held and advances received, and interest-bearing arrangements other than those
designated at fair value through profit and loss.
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Offsetting financial instruments
Financial instrument assets and liabilities are offset and the net amount presented in the consolidated
balance sheet when, and only when, the department concerned has a legal right to offset the amounts and
intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.
Reclassification of financial instruments
Subsequent to initial recognition and under rare circumstances, non-derivative financial instruments assets
that have not been designated at fair value through profit or loss upon recognition, may be reclassified out of
the fair value through profit or loss category, if they are no longer held for the purpose of selling or
repurchasing in the near term.
Financial instrument assets that meet the definition of loans and receivables may be reclassified out of the
fair value through profit and loss category into the loans and receivables category, where they would have
met the definition of loans and receivables had they not been required to be classified as fair value through
profit and loss. In these cases, the financial instrument assets may be reclassified out of the fair value
through profit and loss category, if there is the intention and ability to hold them for the foreseeable future or
until maturity.
Available-for-sale financial instrument assets that meet the definition of loans and receivables may be
reclassified into the loans and receivables category if there is the intention and ability to hold them for the
foreseeable future or until maturity.
(O) Financial assets
Cash and deposits
Cash and deposits recognised on the balance sheet comprise cash equivalents, cash on hand and cash at
bank, deposits at call and highly liquid investments (with an original maturity of three months or less), which
are held for the purpose of meeting short term cash commitments rather than for investment purposes, and
which are readily convertible to known amounts of cash and are subject to insignificant risk of changes in
value.
For cash flow statement presentation purposes, cash and cash equivalents includes bank overdrafts, which
are included as borrowings on the balance sheet.
Receivables
Receivables consist of:
 contractual receivables, such as debtors in relation to goods and services, loans to third parties, accrued
investment income, and finance lease receivables (refer to Note 1(P) Leases); and
 statutory receivables, such as amounts owing from the Victorian Government and GST input tax credits
recoverable.
Contractual receivables are classified as financial instruments and categorised as loans and receivables
(refer to Note 1(N) Financial Instruments for recognition and measurement). Statutory receivables, are
recognised and measured similarly to contractual receivables (except for impairment), but are not classified
as financial instruments because they do not arise from a contract.
Receivables are subject to impairment testing as described below. A provision for doubtful receivables is
recognised when there is objective evidence that the debts may not be collected, and bad debts are writtenoff when identified.
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For the measurement principle of receivables, refer to Note 1(N).
Investments and other financial assets
Investments are classified in the following categories:
 financial assets at fair value through profit or loss
 loans and receivables
 held-to-maturity; and
 available-for-sale financial assets.
The classification depends on the purpose for which the investments were acquired. Management
determines the classification of its investments at initial recognition.
Any dividend or interest earned on the financial asset is recognised in the comprehensive operating
statement as a transaction.
Derecognition of financial assets
A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial
assets) is derecognised when:
 the rights to receive cash flows from the asset have expired; or
 the department retains the right to receive cash flows from the asset, but has assumed an obligation to
pay them in full without material delay to a third party under a ‘pass through’ arrangement; or
 the department has transferred its rights to receive cash flows from the asset and either:
– has transferred substantially all the risks and rewards of the asset; or
– has neither transferred nor retained substantially all the risks and rewards of the asset, but has
transferred control of the asset.
Where the department has neither transferred nor retained substantially all the risks and rewards or
transferred control, the asset is recognised to the extent of the department’s continuing involvement in the
asset.
Impairment of financial assets
At the end of each reporting period, the department assesses whether there is objective evidence that a
financial asset or group of financial assets is impaired. All financial instrument assets, except those
measured at fair value through profit and loss, are subject to annual review for impairment.
Receivables are assessed for bad and doubtful debts on a regular basis. Those bad debts considered as
written-off by mutual consent are classified as a transaction expense. Bad debts not written-off by mutual
consent and the allowance for doubtful receivables are classified as other economic flows in the net result.
In assessing impairment of statutory (non-contractual) financial assets, which are not financial instruments,
professional judgement is applied in assessing materiality using estimates, averages and other
computational methods in accordance with AASB 136 Impairment of Assets.
(P) Leases
A lease is a right to use an asset for an agreed period of time in exchange for payment.
Leases are classified at their inception as either operating or finance leases based on the economic
substance of the agreement so as to reflect the risks and rewards incidental to ownership.
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Leases of infrastructure, property, plant and equipment are classified as finance leases whenever the terms
of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are
classified as operating leases.
Finance leases
Department as lessor
Amounts due from lessees under finance leases are recorded as receivables. Finance lease receivables are
initially recorded at amounts equal to the present value of the minimum lease payments receivable plus the
present value of any unguaranteed residual value expected to accrue at the end of the lease term. Finance
lease receipts are apportioned between periodic interest income and reduction of the lease receivable over
the term of the lease in order to reflect a constant periodic rate of return on the net investment outstanding in
respect of the lease.
Department as lessee
At the commencement of the lease term, finance leases are initially recognised as assets and liabilities at
amounts equal to the fair value of the lease property or, if lower, the present value of the minimum lease
payment, each determined at the inception of the lease. The leased asset is accounted for as a non-financial
physical asset and depreciated over the shorter of the estimated useful life of the asset or the term of the
lease.
Minimum finance lease payments are apportioned between reduction of the outstanding lease liability, and
periodic finance expense which is calculated using the interest rate implicit in the lease and charged directly
to the comprehensive operating statement. Contingent rentals associated with finance leases are recognised
as an expense in the period in which they are incurred.
Operating leases
Department as lessor
Rental income from operating leases is recognised on a straight line basis over the term of the relevant
lease.
All incentives for the agreement of a new or renewed operating lease are recognised as an integral part of
the net consideration agreed for the use of the leased asset, irrespective of the incentive’s nature or form or
the timing of payments.
In the event that lease incentives are given to the lessee, the aggregate cost of incentives are recognised as
a reduction of rental income over the lease term on a straight-line basis, unless another systematic basis is
more representative of the time pattern in which economic benefits of the leased asset is diminished.
Department as lessee
Operating lease payments, including any contingent rentals, are recognised as an expense in the
comprehensive operating statement on a straight-line basis over the lease term, except where another
systematic basis is more representative of the time pattern of the benefits derived from the use of the leased
asset. The leased asset is not recognised in the balance sheet.
All incentives for the agreement of a new or renewed operating lease are recognised as an integral part of
the net consideration agreed for the use of the leased asset, irrespective of the incentive’s nature or form or
the timing of payments.
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In the event that lease incentives are received to enter into operating leases, the aggregate cost of
incentives are recognised as a reduction of rental expense over the lease term on a straight-line basis,
unless another systematic basis is more representative of the time pattern in which economic benefits of the
leased asset are consumed.
(Q) Non-Financial assets
Inventories
Inventories include goods and other property held either for sale, or for distribution at zero or nominal cost, or
for consumption in the ordinary course of business operations.
Inventories held for distribution are measured at cost, adjusted for any loss of service potential. All other
inventories, including land held for sale, are measured at the lower of cost and net realisable value. Where
inventories are acquired for no cost or nominal consideration, they are measured at current replacement cost
at the date of acquisition.
Cost, includes an appropriate portion of fixed and variable overhead expenses. Cost is assigned to land held
for sale (undeveloped, under development and developed) and to other high value, low volume inventory
items on a specific identification of cost basis. Cost for all other inventory is measured on the basis of
weighted average cost.
Bases used in assessing loss of service potential for inventories held for distribution include current
replacement cost and technical or functional obsolescence. Technical obsolescence occurs when an item
still functions for some or all of the tasks it was originally acquired to do, but no longer matches existing
technologies. Functional obsolescence occurs when an item no longer functions the way it did when it was
first acquired.
Non-financial physical assets classified as held for sale, including disposal group assets
Non-financial physical assets (including disposal group assets) are treated as current assets and classified
as held for sale if their carrying amount will be recovered through a sale transaction rather than through
continuing use.
This condition is regarded as met only when:
 the asset is available for immediate use in the current condition; and
 the sale is highly probable and the asset’s sale is expected to be completed in twelve months from the
date of classification.
These non-financial physical assets, related liabilities and financial assets are measured at the lower of
carrying amount and fair value less costs to sell, and are not subject to depreciation or amortisation.
Property, plant and equipment
All non-financial physical assets, are measured initially at cost and subsequently revalued at fair value less
accumulated depreciation and impairment. Where an asset is acquired for no or nominal cost, the cost is its
fair value at the date of acquisition. Assets transferred as part of a Machinery of Government change are
transferred at their carrying amount.
The initial cost for non-financial physical assets under a finance lease (refer to Note 1(P)) is measured at
amounts equal to the fair value of the leased asset or, if lower, the present value of the minimum lease
payments, each determined at the inception of the lease.
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Non-financial physical assets such as crown land are measured at fair value with regard to the property’s
highest and best use after due consideration is made for any legal or constructive restrictions imposed on
the asset, public announcements or commitments made in relation to the intended use of the asset.
Theoretical opportunities that may be available in relation to the asset are not taken into account until it is
virtually certain that the restrictions will no longer apply. Therefore, unless otherwise disclosed, the current
use of these non-financial physical assets will be their highest and best uses. The fair value of heritage
assets, and other non-financial physical assets (including crown land and infrastructure assets) that the
department intends to preserve because of their unique attributes, is measured at the replacement cost of
the asset less, where applicable, accumulated depreciation (calculated on the basis of such cost to reflect
the already consumed or expired future economic benefits of the asset) and any accumulated impairment.
These policies and any legislative limitations and restrictions imposed on their use and/or disposal may
impact their fair value.
The fair value of infrastructure assets and plant, equipment and vehicles, is normally determined by
reference to the asset’s depreciated replacement cost, or where the infrastructure is held by a for-profit
entity, the fair value may be derived from estimates of the present value of future cash flows. For plant,
equipment and vehicles, existing depreciated historical cost is generally a reasonable proxy for depreciated
replacement cost because of the short lives of the assets concerned.
Certain assets are acquired under finance leases, which may form part of a service concession
arrangement. Refer to Notes 1(P) Leases and 1(S) Commitments for more information.
The cost of constructed non-financial physical assets includes the cost of all materials used in construction,
direct labour on the project, and an appropriate proportion of variable and fixed overheads.
For the accounting policy on impairment of non-financial physical assets, refer to impairment of non-financial
assets under Note 1(L) Impairment of non-financial assets.
Leasehold improvements
The cost of a leasehold improvement is capitalised as an asset and amortised over the shorter of the
remaining term of the lease or the estimated useful life of the improvements.
Revaluations of non-financial physical assets
Non-financial physical assets are measured at fair value on a cyclical basis, in accordance with the Financial
Reporting Directions (FRDs) issued by the Minister for Finance. A full revaluation normally occurs every five
years, based upon the asset’s Government purpose classification but may occur more frequently if fair value
assessments indicate material changes in values. Independent valuers are generally used to conduct these
scheduled revaluations. Certain infrastructure assets are revalued using specialised advisors. Any interim
revaluations are determined in accordance with the requirements of the FRDs.
Revaluation increases or decreases arise from differences between an asset’s carrying amount and fair
value.
Net revaluation increases (where the carrying amount of a class of assets is increased as a result of a
revaluation) are recognised in ‘Other economic flows – other movements in equity’, and accumulated in
equity under the asset revaluation surplus. However, the net revaluation increase is recognised in the net
result to the extent that it reverses a net revaluation decrease in respect of the same class of property, plant
and equipment previously recognised as an expense (other economic flows) in the net result.
Net revaluation decrease is recognised in ‘Other economic flows – other movements in equity’ to the extent
that a credit balance exists in the asset revaluation surplus in respect of the same class of property, plant
and equipment. Otherwise, the net revaluation decreases are recognised immediately as other economic
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flows in the net result. The net revaluation decrease recognised in ‘Other economic flows – other movements
in equity’ reduces the amount accumulated in equity under the asset revaluation surplus.
Revaluation increases and decreases relating to individual assets in a class of property, plant and
equipment, are offset against one another in that class but are not offset in respect of assets in different
classes. Any asset revaluation surplus is not normally transferred to accumulated funds on derecognition of
the relevant asset.
Intangible assets
Intangible assets are initially recognised at cost. Subsequently, intangible assets with finite useful lives are
carried at cost less accumulated depreciation/amortisation and accumulated impairment losses. Costs
incurred subsequent to initial acquisition are capitalised when it is expected that additional future economic
benefits will flow to the department.
When the recognition criteria in AASB 138 Intangible Assets are met, internally generated intangible assets
are recognised and measured at cost less accumulated amortisation and impairment.
Refer to Note 1(K) Depreciation, Amortisation of non-produced intangible assets and Note 1(L) Impairment
of non-financial assets.
Expenditure on research activities is recognised as an expense in the period in which it is incurred.
An internally-generated intangible asset arising from development (or from the development phase of an
internal project) is recognised if, and only if, all of the following are demonstrated:
(a) the technical feasibility of completing the intangible asset so that it will be available for use or sale;
(b) an intention to complete the intangible asset and use or sell it;
(c) the ability to use or sell the intangible asset;
(d) the intangible asset will generate probable future economic benefits;
(e) the availability of adequate technical, financial and other resources to complete the development and to
use or sell the intangible asset; and
(f)
the ability to measure reliably the expenditure attributable to the intangible asset during its development.
Other non-financial assets
Prepayments
Other non-financial assets include prepayments which represent payments in advance of receipt of goods or
services or that are part of expenditure made in one accounting period covering a term extending beyond
that period.
(R) Liabilities
Payables
Payables consist of:
 contractual payables, such as accounts payable, and unearned income including deferred income.
Accounts payable represent liabilities for goods and services provided to the department as at the end of
the financial year that are unpaid, and arise when the department becomes obliged to make future
payments in respect of the purchase of those goods and services; and
 statutory payables, such as GST and fringe benefits tax payables.
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Contractual payables are classified as financial instruments and categorised as financial liabilities at
amortised cost, refer Note 1(N). Statutory payables are recognised and measured similarly to contractual
payables, but are not classified as financial instruments and not included in the category of financial liabilities
at amortised cost, because they do not arise from a contract.
Borrowings
All interest bearing liabilities are initially recognised at fair value of the consideration received, less directly
attributable transaction costs, refer Note 1(P) Leases. The measurement basis subsequent to initial
recognition depends on whether the department has categorised its interest-bearing liabilities as either
financial liabilities designated at fair value through profit and loss, or financial liabilities at amortised cost. Any
difference between the initial recognised amount and the redemption value is recognised in net result over
the period of the borrowing using the effective interest method.
Financial guarantees
Payments that are contingent under financial guarantee contracts are recognised as a liability at the time the
guarantee is issued. The liability is initially measured at fair value, and if there is a material increase in the
likelihood that the guarantee may have to be exercised, then it is measured at the higher of the amount
determined in accordance with AASB 137 Provisions, Contingent Liabilities and Contingent Assets and the
amount initially recognised less cumulative amortisation, where appropriate.
In the determination of fair value, consideration is given to factors including the overall capital
management/prudential supervision framework in operation, the protection provided by the State
Government by way of funding should the probability of default increase, probability of default by the
guaranteed party and the likely loss to the department in the event of default.
The value of loans and other amounts guaranteed by the Treasurer is disclosed in Note 22 Contingent
assets and contingent liabilities.
Derecognition of financial liabilities
A financial liability is derecognised when the obligation under the liability is discharged, cancelled or expires.
When an existing financial liability is replaced by another from the same lender on substantially different
terms, or the terms of an existing liability are substantially modified, such an exchange or modification is
treated as a derecognition of the original liability and the recognition of a new liability. The difference in the
respective carrying amounts is recognised as an other economic flow in the estimated consolidated
comprehensive operating statement.
Provisions
Provisions are recognised when the department has a present obligation, the future sacrifice of economic
benefits is probable, and the amount of the provision can be measured reliably.
The amount recognised as a provision is the best estimate of the consideration required to settle the present
obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the
obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its
carrying amount is the present value of those cash flows, using a discount rate that reflects the time value of
money and risks specific to the provision.
When some or all of the economic benefits required to settle a provision are expected to be received from a
third party, the receivable is recognised as an asset if it is virtually certain that recovery will be received and
the amount of the receivable can be measured reliably.
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Employee benefits
Provision is made for benefits accruing to employees in respect of wages and salaries, annual leave and
long service leave for services rendered to the reporting date.
(i) Salaries and wages, annual leave and sick leave
Liabilities for salaries and wages, including non-monetary benefits and annual leave, are recognised in the
provision for employee benefits as ‘current liabilities’, because the department does not have an
unconditional right to defer settlements of the liabilities. Those liabilities which are expected to be settled
within twelve months of the reporting period, are measured at their nominal values. Those liabilities that are
not expected to be settled within twelve months are also recognised in the provision for employee benefits as
current liabilities, but are measured at present value of the amounts expected to be paid when the liabilities
are settled using the remuneration rate expected to apply at the time of settlement.
(ii) Long service leave
Liability for long service leave (LSL) is recognised in the provision for employee benefits.
Unconditional LSL is disclosed in the notes to the financial statements as a current liability, even where the
department does not expect to settle the liability within twelve months because it will not have the
unconditional right to defer the settlement of the entitlement should an employee take leave within twelve
months.
The components of this current LSL liability are measured at:
 undiscounted value – if the department expects to settle within twelve months; and
 present value – if the department does not expect to settle within twelve months.
Conditional LSL is disclosed as a non-current liability. There is an unconditional right to defer the settlement
of the entitlement until the employee has completed the requisite years of service. This non-current LSL
liability is measured at present value.
Any gain or loss following revaluation of the present value of non-current LSL liability is recognised as a
transaction, except to the extent that a gain or loss arises due to changes in bond interest rates for which it is
then recognised as an other economic flow (refer to Note 1(L)).
(iii) Termination benefits
Termination benefits are payable when employment is terminated before the normal retirement date, or
when an employee accepts voluntary redundancy in exchange for these benefits. The department
recognises termination benefits when it is demonstrably committed to either terminating the employment of
current employees according to a detailed formal plan without possibility of withdrawal or providing
termination benefits as a result of an offer made to encourage voluntary redundancy. Benefits falling due
more than twelve months after the end of the reporting period are discounted to present value.
Employee benefits on-costs
Employee benefits on-costs such as payroll tax, workers compensation and superannuation are recognised
separately from the provision of employee benefits.
(S) Commitments
Commitments for future expenditure include operating and capital commitments arising from contracts.
These commitments are disclosed by way of a note (refer to Note 21 Commitments for expenditure) at their
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nominal value and exclusive of the GST payable. In addition, where it is considered appropriate and provides
additional relevant information to users, the net present values of significant individual projects are stated.
These future expenditures cease to be disclosed as commitments once the related liabilities are recognised
in the balance sheet.
(T) Contingent assets and contingent liabilities
Contingent assets and contingent liabilities are not recognised in the balance sheet, but are disclosed by
way of a note (refer Note 22 Contingent assets and contingent liabilities) and, if quantifiable, are measured at
nominal value. Contingent assets and liabilities are presented exclusive of GST receivable or payable
respectively.
(U) Equity
Contributions by owners
Additions to net assets which have been designated as contributions by owners are recognised as
contributed capital. Other transfers that are in the nature of contributions or distributions have also been
designated as contributions by owners.
Transfers of net assets arising from administrative restructurings are treated as distributions to or
contributions by owners. Transfers of net liabilities arising from administrative restructurings are treated as
distributions to owners.
(V) Foreign currency
All foreign currency transactions are brought to account using the exchange rate in effect at the date of the
transaction. Foreign monetary items existing at the date of the end of the reporting period are translated at
the closing rate at the date of the end of the reporting period. Non-monetary assets carried at fair value that
are denominated in foreign currencies are translated to the functional currency at the rates prevailing at the
date when the fair value was determined.
Foreign currency translation differences are recognised in other economic flows and accumulated in a
separate component of equity, in the period in which they arise.
(W) AASS issued that are not yet effective
Certain new AASs have been published that are not mandatory for 30 June 2014 reporting period. DTF
assesses the impact of all these new standards and advises department of their applicability and early
adoption where applicable. In addition the Department of State Development, Business and Innovation
undertakes a detailed assessment of the impact on its operations of transitional AAS.
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As at 30 June 2014, the following AASs have been issued by the AASB but not yet effective. They become
effective for the first financial statements for reporting periods commencing after the stated operative dates
as follows:
Standard /
Interpretation
Summary
Applicable for
annual
reporting
periods
beginning on
Impact on
departmental
financial
statements
AASB 9
Financial
Instruments
The Standard simplifies requirements for the
classification and measurement of financial assets
resulting from Phase 1 of the International
Accounting Standards Board’s (IASB) project to
replace IAS 39 Financial Instruments: recognition
and measurement (AASB 139 financial
instruments: recognition and measurement).
Beginning 1
January 2017
No material
impact on the
department
AASB 10
Consolidated
Financial
Statements
This Standard applies to both for-profit and not-for- Beginning 1
profit entities. However, prior to the 1 January 2013 January 2014
mandatory application date of this Standard, the
AASB will consider whether this Standard should
be modified for application by not-for-profit entities.
Not-for-profit entities are not permitted to apply this
Standard prior to the mandatory application date.
No material
impact on the
department
AASB 11
This standard requires entities that have an interest Beginning 1
Joint Arrangements in arrangements that are controlled jointly to
January 2014
assess whether the arrangement is a joint
operation or joint venture. AASB 11 shall be
applied for an arrangement that is a joint operation.
It also replaces parts of requirements in AASB 131
Interests in Joint Ventures.
No material
impact on the
department
AASB 12
Disclosure of
Interests in Other
Entities
This Standard requires disclosure of information
that enables users of financial statements to
evaluate the nature of, and risks associated with
interests in other entities and the effects of those
interests on the financial statements.
Beginning 1
January 2014
No material
impact on the
department
AASB 127
Separate Financial
Statements
This revised Standard prescribes the accounting
Beginning 1
and disclosure requirements for investments in
January 2014
subsidiaries, joint ventures and associates when an
entity prepares separate financial statements.
No material
impact on the
department
AASB 128
Investments in
Associates and
Joint Ventures
This revised Standard sets out the requirements for Beginning 1
the application of the equity method when
January 2014
accounting for investments in associates and joint
ventures.
No material
impact on the
department
AASB 1055
Budgetary
Reporting
This Standard sets out budgetary reporting
requirements for not-for-profit entities within the
General Government Sector, and, together with
AASB 2013-1 Amendments to AASB 1049 –
Relocation of Budgetary Reporting Requirements,
relocates the corresponding budgetary reporting
requirements from AASB 1049.
Beginning 1
July 2014
No material
impact on the
department
AASB 1056
Superannuation
Entities
This Standard replaces AAS 25 Financial
Reporting by Superannuation Plans.
Beginning 1
July 2016
No material
impact on the
department
Department of State Development, Business and Innovation Annual Report 2013-14
66
Standard /
Interpretation
Summary
Applicable for
annual
reporting
periods
beginning on
Impact on
departmental
financial
statements
AASB 2010-7
Amendments to
Australian
Accounting
Standards arising
from AASB 9
(December 2010)
This Standard addresses consequential
Beginning 1
amendments in relation to the introduction of AASB January 2015
9.
No material
impact on the
department
AASB 2011-7
Amendments to
Australian
Accounting
Standards arising
from the
Consolidation and
Joint Arrangements
Standards
This Standard is applicable only when AASB 10,
11, 12, 127 and 128 are applied. Some
amendments will result in accounting changes for
presentation, recognition or measurement
purposes, while other amendments will relate to
terminology and editorial changes.
Beginning 1
January 2014
No material
impact on the
department
AASB 2012-3
Amendments to
Australian
Accounting
Standards –
Offsetting Financial
Assets and
Financial Liabilities
(AASB 132)
This Standard adds application guidance to AASB Beginning 1
132 to address inconsistencies identified in
January 2014
applying some of the offsetting criteria of AASB
132, including clarifying the meaning of “currently
has a legally enforceable right of set-off” and that
some gross settlement systems may be considered
equivalent to net settlement.
No material
impact on the
department
AASB 2013-1
Amendments to
AASB 1049 –
Relocation of
Budgetary
Reporting
Requirements
This Standard makes amendments to AASB 1049 Beginning 1
to remove the requirements relating to the
July 2014
disclosure of budgetary information specified in that
Standard for whole of Governments and GGSs, as
a consequence of the issuance of AASB 1055
Budgetary Reporting.
No material
impact on the
department
AASB 2013-3
Amendments to
AASB 136 –
Recoverable
Amount Disclosures
for Non-Financial
Assets
This Standard amends the disclosure requirements Beginning 1
in AASB 136. The amendments include the
January 2014
requirement to disclose additional information
about the fair value measurement when the
recoverable amount of impaired assets is based on
fair value less costs of disposal. In addition, a
further requirement has been included to disclose
the discount rates that have been used in the
current and previous measurements if the
recoverable amount of impaired assets based on
fair value less costs of disposal was measured
using a present value technique. The intention of
this amendment is to harmonise the disclosure
requirements for fair value less costs of disposal
and value in use when present value techniques
are used to measure the recoverable amount of
impaired assets.
No material
impact on the
department
Department of State Development, Business and Innovation Annual Report 2013-14
67
Standard /
Interpretation
Summary
Applicable for
annual
reporting
periods
beginning on
Impact on
departmental
financial
statements
AASB 2013-4
Amendments to
Australian
Accounting
Standards –
Novation of
Derivatives and
Continuation of
hedge Accounting
This Standard makes amendments to AASB 139 to Beginning 1
permit the continuation of hedge accounting in
January 2014
circumstances where a derivative, which has been
designated as a hedging instrument, is novated
from one counterparty to a central counterparty as
a consequence of laws or regulations.
No material
impact on the
department
AASB 2013-5
Amendments to
Australian
Accounting
Standards –
Investment Entities
[AASB 1, AASB 3,
AASB 7, AASB 10,
AASB 12, AASB
107, AASB 112,
AASB 124, AASB
127, AASB 132,
AASB 134 & AASB
139]
The Standard amendments define an investment
Beginning 1
entity and require that, with limited exceptions, an
January 2014
investment entity not consolidate its subsidiaries or
apply AASB 3 Business Combinations when it
obtains control of another entity. These
amendments require an investment entity to
measure unconsolidated subsidiaries at fair value
through profit or loss in accordance with AASB 9
Financial Instruments in its consolidated and
separate financial statements.
The amendments also introduce new disclosure
requirements for investment entities to AASB 2
Disclosure of Interests in Other Entities and AASB
127 Separate Financial Statements.
No material
impact on the
department
AASB 2013-6
Amendments AASB
136 arising from
Reduced
Disclosure
Requirements
This Standard amends the AAS – Reduced
Beginning 1
Disclosure Requirements for AASB 136 Impairment January 2014
of Assets. AASB 1053 provides further information
regarding the differential reporting framework and
the two tiers of reporting requirements for preparing
general purpose financial statements.
No material
impact on the
department
AASB 2013-7
Amendments to
AASB 1038 arising
from AASB 10 in
relation to
consolidation and
interests of
policyholders
[AASB 1038]
This Standard removes the specific requirements in Beginning 1
relation to consolidation from AASB 1038 (in
January 2014
particular, paragraphs 1.1.1, 4.1, 4.1.1, and 4.2 –
4.2.2), which leaves AASB 10 as the sole source
for consolidation requirements applicable to life
insurer entities.
No material
impact on the
department
AASB 2013-8
Amendments to
Australian
Accounting
Standards –
Australian
Implementation
Guidance for Notfor-Profit Entities –
Control and
Structured Entities
[AASB 10, AASB
12 & AASB 1049]
The Standard amendments to AASB 10 add
Beginning 1
Appendix E Australian Implementation Guidance
January 2014
for Not-for-Profit Entities as an integral part of the
Standard. The appendix explains various principles
in AASB 10 regarding the criteria for determining
whether one entity controls another entity from the
perspective of not-for-profit entities, and illustrates
the principles with examples.
No material
impact on the
department
Department of State Development, Business and Innovation Annual Report 2013-14
68
Standard /
Interpretation
AASB 2013-9
Amendments to
Australian
Accounting
Standards –
Conceptual
framework,
Materiality and
Financial
Instruments
(Operative dates:
Part A Conceptual
Framework – 20
December 2013;
Part B Materiality –
1 January 2014;
and
Part C Financial
Instruments – 1
January 2015)
Summary
The Standard Part A makes various editorial
corrections to AAS. It updates references to the
Framework in a manner that is consistent with the
amendments made by the IASB in its
corresponding pronouncements. This includes, to
be consistent with the AASB’s IFRS adoption
policy, retaining references to specific superseded
paragraphs of the Framework in Accounting
Standards and Interpretations where the IASB has
not yet updated the corresponding reference in the
body of its pronouncements.
AASB 2014-2
This Standard amends AASB 1053 to:
Amendments to
(a) clarify that AASB 1053 only applies to general
AASB 1053 –
purpose financial statements;
Transition to and
between Tiers, and (b) make AASB 1053 consistent with the
related Tier 2
availability of the option under AASB 1 FirstDisclosure
time Adoption of AAS to apply AAS
Requirements
retrospectively in accordance with AASB 108
(AASB 1053)
Accounting Policies, Changes in Accounting
Estimates and Errors;
Applicable for
annual
reporting
periods
beginning on
Impact on
departmental
financial
statements
Beginning 1
January 2014
and 1 January
2015
No material
impact on the
department
Beginning 1
July 2014
No material
impact on the
department
(c) clarify certain circumstances in which entities
resuming Tier 2 reporting requirements can
apply the AASB 108 option in AASB 1;
(d) permit an entity applying Tier 2 reporting
requirements for the first time.
AASB Interpretation This Interpretation clarifies the circumstances
Beginning 1
21 Levies
under which a liability to pay a levy imposed by a
January 2014
Government should be recognised, and whether
that liability should be recognised in full at a
specific date or progressively over a period of time.
Department of State Development, Business and Innovation Annual Report 2013-14
No material
impact on the
department
69
Note 2. Departmental (controlled) outputs
A description of each output group of the department during the year ended 30 June 2014, together with the
objectives of each output group are summarised below.
Investment attraction, facilitation and major projects
Output description
Provides investment attraction and facilitation assistance to attract new international investment and
encourage additional investment by companies already operating in Victoria. In addition it also supports an
increased share of national business investment in Victoria through the management and delivery of
nominated development projects.
Objectives
Provide market intelligence and assistance to organisations to make it easy to invest in Victoria.
Regional development and regional cities
Output description
Guides the development and implementation of regional plans and strategies to manage growth and change
in regional and rural Victoria. Provides for better infrastructure, facilities and services to strengthen the
economic base of communities and to create jobs and improve career opportunities for regional Victorians.
Objectives
Provide market intelligence and assistance to organisations to make it easy to invest in Victoria.
Energy and resources
Output description
Develops policy frameworks and delivers programs to: ensure that consumers benefit from competitive,
efficient, reliable and safe energy services; facilitate investment in coal, gas, renewable energy, targeted
mineral resources; responsibly manage and support access to earth resources for current and future use;
and, support, technological development within these sectors.
Objectives
Provide market intelligence and assistance to organisations to make it easy to invest in Victoria.
Create more opportunities for businesses to grow and become more productive and competitive in the global
market place.
Small business assistance
Output description
Provide business information, advisory and referral services that contribute to the growth and development
of small and medium sized enterprises across Victoria.
Department of State Development, Business and Innovation Annual Report 2013-14
70
Objectives
Create more opportunities for businesses to grow and become more productive and competitive in the global
market place.
Trade and export facilitation
Output description
Promotes business growth opportunities by providing development assistance and facilitation services to
support increased productivity and competitiveness.
Objectives
Create more opportunities for businesses to grow and become more productive and competitive in the global
market place.
Innovation and technology
Output description
Supports innovation by providing access to information and building capacity for the development and
effective use of new practices and technologies to support increased productivity and competitiveness in
Victoria.
Objectives
Support organisations and Government to boost their productivity through innovation.
Tourism and marketing
Output description
Facilitates employment and long-term economic benefits of tourism, investment and international students
coming to Victoria by positioning and marketing the state as a competitive tourism, investment and study
destination.
Objectives
Promote Victoria to attract tourists, investors and students.
Employment
Output description
Provides programs to link business workforce needs with skilled migration and untapped labour sources to
meet Victoria’s skills requirements.
Objectives
Assist businesses in accessing skilled workers to align with Victoria’s industry needs.
Department of State Development, Business and Innovation Annual Report 2013-14
71
Schedule A – Controlled income and expenses for the year ended 30 June 2014
Trade and Export
facilitation
2014
$'000
2013
$'000
Innovation and
Technology
2014
$'000
Tourism and
Marketing
Employment
Regional
Development &
Regional Cities
Investment
Attraction,
Facilitation and
Major Projects
Small Business
Assistance Departmental Total
2014
$'000
2013
$'000
2014
$'000
2013
$'000
– 113,117
135,543
27,793
30,741
Energy &
Resources
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
33,743 165,224 149,753
77,043
74,034
10,904
14,318
59,329
–
90,905
2013
$'000
2014
$'000
2013
$'000
Continuing operations
Income from transactions
Output appropriations
31,909
576,223 438,132
Regional Growth Fund appropriations
–
–
–
–
–
–
–
–
136,000
–
–
–
–
–
–
–
136,000
–
Interest
–
–
21
91
–
(0)
–
–
5,016
–
–
–
276
519
–
–
5,312
611
Grants
–
–
2,000
6,300
74,268
74,755
–
440
7,740
–
–
–
(0)
2,000
–
–
84,008
83,495
1,113
195
1,071
3,022
375
58
67
565
3,687
–
22,137
– 110,247
93,083
746
1,730
139,444
98,654
33,022
33,938 168,316 159,166 151,685
148,847
10,971
15,323 211,771
–
113,042
– 223,639
231,145
28,539
32,471
(7,471)
(8,608) (15,677) (17,966)
(7,974)
(8,069)
(3,094)
(5,476) (21,796)
– (25,467)
– (25,373) (28,042)
Other income
Total Income from transactions
940,987 620,892
Expenses from transactions
Employee expenses
Depreciation and amortisation
Interest expense
Grants and other transfers
Capital asset charge
(8,935) (10,111) (115,787) (78,271)
(456)
(186)
(1,441)
(939)
(581)
(446)
(122)
(90)
(1,084)
–
(1,666)
–
(2,777)
(2,152)
(615)
(246)
(8,743)
(4,060)
(16)
(7)
(49)
(9)
(20)
(6)
(4)
(4)
(47)
–
(79)
–
(43)
(14)
(22)
(7)
(280)
(47)
(7,312) (97,234) (89,522) (131,446) (126,526)
(4,389)
– (27,020)
– (54,987) (79,153)
(2,892)
–
–
(11,488)
(59)
Other operating expenses
(13,971) (15,263) (26,007) (24,953) (10,055) (14,541)
(3,516)
(4,913) (17,164)
– (42,762)
– (152,950) (124,098) (16,461) (20,172) (282,883) (203,940)
Total expenses from transactions
(33,624) (31,534) (143,578) (136,751) (151,605) (151,293) (11,184) (16,380) (195,808)
– (97,804)
– (239,316) (237,421) (29,224) (32,709) (902,142) (606,088)
– (15,676)
(6,275)
(685)
(238)
38,846
14,804
(602)
(159)
(3,170)
(3,363)
(1,529)
(81)
(527)
(810)
(3,185)
(3,961)
(299)
(1,951) (484,647) (310,279)
(1,705)
Net result from transactions (net
operating balance)
(222)
(5,816) (155,191)
(222)
(9,801)
(9,491)
2,404
24,738
22,415
81
(2,446)
(213)
(1,057)
15,963
–
15,238
7
2
23
(729)
9
(1)
2
0
17
–
26
–
(4,944)
(3,234)
10
75
(4,850)
(3,887)
Net gain/(loss) on financial
instruments
(3)
2
(9)
10
(1)
5
(1)
(26)
(6)
–
(8)
–
(8)
7
(4)
3
(40)
–
Other gains/(losses) from other
economic flows
(2)
7
(6)
35
(3)
17
(1)
3
(5)
–
(7)
–
(6)
22
(3)
9
(32)
93
2
10
8
(684)
5
20
–
(23)
6
–
11
–
(4,958)
(3,205)
3
87
(4,922)
(3,794)
Other economic flows included in net result
Net gain/(loss) on non-financial
assets
Total other economic flows
included in net result
Department of State Development, Business and Innovation Annual Report 2013-14
72
Trade and Export
facilitation
Net result
Innovation and
Technology
Tourism and
Marketing
Employment
Regional
Development &
Regional Cities
Investment
Attraction,
Facilitation and
Major Projects
Small Business
Assistance Departmental Total
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
– (20,634)
(9,480)
(681)
(151)
33,924
11,010
Energy &
Resources
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
(600)
2,415
24,746
21,731
86
(2,426)
(213)
(1,080)
15,969
–
15,247
2013
$'000
Other economic flows – other comprehensive income
Items that will not be reclassified to net result
Transfer of asset revaluation surplus
to accumulated surplus
–
–
–
–
–
–
–
–
–
–
–
–
5,320
–
–
–
5,320
–
Changes in physical asset
revaluation surplus
–
–
–
–
–
–
–
–
–
–
–
–
(5,320)
–
–
–
(5,320)
–
Total other economic flows – other
comprehensive income
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
(600)
2,415
24,746
21,731
86
(2,426)
(213)
(1,080)
15,969
–
15,247
– (20,634)
(9,480)
(681)
(151)
33,924
11,010
Comprehensive result
Schedule B – Controlled assets and liabilities as at 30 June 2014
Trade and Export
facilitation
Innovation and
Technology
Tourism and
Marketing
Employment
Investment
Regional
Attraction,
Development &
Facilitation and Major
Regional Cities Energy & Resources
Projects
Small Business
Assistance
Departmental Total
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
17,066
9,844
101,958
69,669
11,726
24,160
7,243
5,475
266,119
–
47,888
–
84,029
78,481
15,992
15,226
552,021
202,855
Non-financial
assets
5,359
5,621
35,913
29,287
31,241
19,390
1,429
2,886
14,735
–
19,595
–
528,804
547,216
5,233
7,884
642,309
612,284
Total Assets
22,425
15,465
137,871
98,956
42,967
43,550
8,672
8,361
280,854
–
67,483
–
612,833
625,697
21,225
23,110 1,194,330
815,139
Total Liabilities
(5,395)
(2,934)
(16,057)
(18,547)
(11,493)
(13,748)
(1,266)
(289)
(23,484)
–
(21,228)
–
(53,129)
(44,919)
(6,804)
(4,312) (138,856)
(84,749)
Net Assets
17,030
12,531
121,814
80,409
31,474
29,802
7,407
8,072 (257,370)
–
46,256
–
559,704
580,778
14,421
18,798 1,055,474
730,390
Assets
Financial assets
Department of State Development, Business and Innovation Annual Report 2013-14
73
Note 3. Administered (non-controlled) items
In addition to the specific departmental operations which are included in the financial statements (comprehensive operating statement, balance sheet, statement of changes
on equity and cash flow statement), the department administers or manages other activities and resources on behalf of the state. The transactions relating to these activities
are reported as administered items (refer to Notes 1(E) and 1(F)).
Trade and Export
facilitation
Innovation and
Technology
Tourism and
Marketing
Employment
Regional
Development &
Regional Cities Energy & Resources
Investment
Attraction,
Facilitation and
Major Projects
Small Business
Assistance Departmental Total
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
–
–
–
–
60,878
59,000
–
–
–
–
–
–
–
–
–
–
60,878
59,000
(1)
7
1,063
1,054
2,092
2,104
–
2
393
–
276
–
(4)
16,014
(2)
3
3,817
19,184
Regulatory fees, fines,
leases and licences
–
–
–
–
–
–
–
–
–
–
5,177
–
–
–
–
–
5,177
–
Royalties
–
–
–
–
–
–
–
–
–
–
51,997
–
–
–
–
–
51,997
–
Interest
–
–
–
–
10,404
16,837
–
–
–
–
42
–
–
–
–
–
10,446
16,837
–
–
–
–
–
–
–
–
–
–
–
–
357
1,078
–
–
357
1,078
(1)
7
1,063
1,054
73,374
77,941
–
2
393
–
57,492
–
353
17,092
(2)
3
132,672
96,099
(8,354)
(7,692)
–
–
(396)
–
(57,527)
–
(21,107)
(30,215)
–
–
(89,650)
(43,254)
Administered financial assets
Appropriations payments made on behalf
of the state
Sale of goods and
services
Commonwealth grants
Total administered
Income from
transactions
Administered expenses from transactions
Payments into
Consolidated Fund
–
–
(2,266)
(5,347)
Bad debts
–
–
–
(66)
–
–
–
–
–
–
–
–
–
–
–
–
–
(66)
Other operating expenses
–
–
–
–
(20,207)
(18,391)
–
–
–
–
–
–
(12,509)
–
–
–
(32,716)
(18,391)
Interest expense
–
–
–
–
(40,671)
(40,609)
–
–
–
–
–
–
–
–
–
–
(40,671)
(40,609)
Total administered
expenses from
transactions
–
–
(2,266)
(5,413)
(69,232)
(66,692)
–
–
(396)
–
(57,527)
–
(33,616)
(30,215)
–
– (163,037) (102,320)
(1)
7
(1,203)
(4,359)
4,142
11,249
–
2
(3)
–
(35)
–
(33,263)
(13,123)
(2)
Total administered net
result from transactions
(net operating balance)
Department of State Development, Business and Innovation Annual Report 2013-14
3
(30,365)
(6,221)
74
Trade and Export
facilitation
2014
$'000
2013
$'000
Innovation and
Technology
2014
$'000
Tourism and
Marketing
2013
$'000
Employment
Regional
Development &
Regional Cities Energy & Resources
Investment
Attraction,
Facilitation and
Major Projects
Small Business
Assistance Departmental Total
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
Administered other economic flows included in administered net result
Net gain/(loss) on nonfinancial assets
–
–
–
–
–
–
–
–
–
–
–
–
20,721
13,325
–
–
20,721
13,325
Net gain/(loss) on
financial instruments
–
–
–
–
–
–
–
–
–
–
12
–
–
–
–
–
12
–
Total administered
other economic flows
–
–
–
–
–
–
–
–
–
–
12
–
20,721
13,325
–
–
20,733
13,325
Administered net result
(1)
7
(1,203)
(4,359)
4,142
11,249
–
2
(3)
–
(23)
–
(12,542)
202
(2)
3
(9,632)
7,104
Total administered
comprehensive result
(1)
7
(1,203)
(4,359)
4,142
11,249
–
2
(3)
–
(23)
–
(12,542)
202
(2)
3
(9,632)
7,104
Receivables
–
–
1,891
3,083
5,473
5,212
–
–
321
–
50,536
–
–
–
–
–
58,221
8,295
Loans
–
–
6,035
6,035
279,646
277,597
–
–
–
–
–
–
–
–
–
–
285,681
283,632
Investments
–
–
333,907
210,654
894,776
888,977
–
–
–
–
6,727
–
–
–
–
– 1,235,410 1,099,631
Trust funds
(14)
(13)
(37)
(33)
(20)
(18)
(5)
(5)
(3)
–
584
–
(30)
(26)
(8)
(7)
Total administered
financial assets
(14)
(13)
341,796
219,739 1,179,875 1,171,768
(5)
(5)
318
–
57,847
–
(30)
(26)
(8)
(7) 1,579,779 1,391,456
Administered nonfinancial assets
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
Total administered nonfinancial assets
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
(14)
(13)
341,796
219,739 1,179,875 1,171,768
(5)
(5)
318
–
57,847
–
(30)
(26)
(8)
Creditors and accruals
–
–
–
–
(16,128)
(14,969)
–
–
–
–
(147)
–
–
–
–
–
(16,275)
(14,969)
Unearned income
–
–
–
–
(69,882)
(71,976)
–
–
–
–
(1,260)
–
–
–
–
–
(71,142)
(71,976)
Interest bearing liabilities
–
–
–
– (460,266) (461,103)
–
–
–
–
–
–
–
–
–
– (460,266) (461,103)
Total administered
liabilities
–
–
–
– (546,276) (548,048)
–
–
–
–
(1,407)
–
–
–
–
– (547,683) (548,048)
(14)
(13)
341,796
(5)
(5)
318
–
56,440
–
(30)
(26)
(8)
Administered financial assets
Total administered
assets
467
(102)
(7) 1,579,779 1,391,456
Administered liabilities
Total administered net
assets
219,739
633,599
623,720
Department of State Development, Business and Innovation Annual Report 2013-14
(7) 1,032,096
843,408
75
Note 4. Income from transactions
(a)
2014
$’000
2013
$’000
5,312
611
5,312
611
Grants from State Government
84,008
83,495
Total grants
84,008
83,495
29,898
4,856
113
127
100,877
85,913
8,556
7,758
139,444
98,654
2014
$’000
2013
$’000
Salaries, wages, and long service leave
(115,787)
(78,271)
Total employee expenses
(115,787)
(78,271)
Depreciation of non-current assets
(4,712)
(3,651)
Amortisation of non-current physical assets
(1,341)
(409)
Amortisation from internal development of intangible assets
(2,690)
–
Total depreciation and amortisation
(8,743)
(4,060)
Interest on finance leases
(280)
(47)
Total interest expense
(280)
(47)
(2,127)
(50)
Employment and Trade
(16,396)
(15,378)
Energy and Resources
(25,369)
–
Innovation
(72,005)
(77,716)
Major Projects
(4,305)
(3,731)
Manufacturing
(10,843)
(4,421)
(153,968)
(524)
Interest
Interest from financial assets not at fair value through P/L:
– Interest on bank deposits
Total interest
(b)
(c)
Grants
Other income
Trust income
Rental income
Land development (Kew Residential Services Project)
Miscellaneous income
Total other income
Note 5. Expenses from transactions
(a)
(b)
(c)
(d)
Employee expenses
Depreciation and amortisation
Interest expense
Grants and other transfers by portfolio
Aviation
Regional Development and Regional Cities
Department of State Development, Business and Innovation Annual Report 2013-14
76
2014
$’000
2013
$’000
(1,949)
(2,996)
State Development
(45,070)
(72,050)
Technology
(21,767)
(9,052)
Tourism and Major Events
(130,848)
(124,361)
Total grants and other transfers by portfolio
(484,647)
(310,279)
Consultants and professional services
(64,248)
(31,752)
Contracts and services
(29,370)
(26,120)
(7,698)
(3,785)
Marketing and media
(10,577)
(9,893)
Computer services and equipment
(19,387)
(9,254)
Travel and related expenses
(4,506)
(3,880)
Postage and communications
(3,556)
(1,990)
Stationery and office requisites
(2,238)
(1,446)
Educational
(1,959)
(1,663)
Meetings
(3,363)
(3,275)
Books and publications
(1,556)
(815)
Motor vehicles
(1,383)
(380)
(658)
(712)
(1,013)
(497)
(151,512)
(95,462)
Fair value of assets and services provided free of charge or for
nominal consideration
–
(387)
Total fair value of assets and services provided free of charge
or for nominal consideration
–
(387)
(16,606)
(10,788)
(16,606)
(10,788)
(114,765)
(97,303)
(282,883)
(203,940)
Small Business
(e)
Other operating expenses
Supplies and services
Accommodation
Audit remuneration (internal & external) (a)
Other expenses
Total supplies and services
Operating lease rental expenses
– Minimum lease payments
Total operating lease rental expenses
Cost of goods sold/distributed
(b)
Total other operating expenses
(a) See Note 33 for external auditor’s remuneration.
(b) Costs relate primarily to Kew Residential Services Project.
Department of State Development, Business and Innovation Annual Report 2013-14
77
Note 6. Other economic flows included in net result
(a)
2014
$’000
2013
$’000
113
(654)
Disposal of intangible assets (i)
(4,963)
(3,233)
Total net gain/(loss) on non-financial assets
(4,850)
(3,887)
(40)
–
(40)
–
Net gain/(loss) arising from revaluation of long service leave liability
(iii)
(32)
93
Total other gains/(losses) from other economic flows
(32)
93
Total
(72)
93
Net gain/(loss) on non-financial assets
Net gain / (loss) on disposal of property, plant and equipment
(b)
Net gain/(loss) on financial instruments
Impairment of
─ Listed securities (ii)
Total net gain/(loss) on financial instruments
(c)
Other gains/(losses) from other economic flows
(i) Parkville Gardens are expensed in line with the sale of properties.
(ii) Fair value adjustment to listed securities.
(iii) Revaluation gain/(loss) due to changes in bond rates.
Department of State Development, Business and Innovation Annual Report 2013-14
78
Note 7. Receivables
2014
$’000
2013
$’000
Other receivables Government (i)
10,369
8,945
Other receivables Non-Government
12,004
8,044
–
(27)
22,373
16,962
122,989
89,756
4,969
5,242
127,958
94,998
150,331
111,960
1,996
293
1,996
293
Amounts owing from Victorian Government (ii)
2,844
1,373
Total non-current receivables
4,840
1,666
155,171
113,626
Current receivables
Contractual
Provision for doubtful contractual receivables (i)
Statutory
Amounts owing from Victorian Government (ii)
GST input tax credit recoverable
Total current receivables
Non-current receivables
Contractual
Other receivables Government (i)
Statutory
Total Receivables
(i)
The average credit period for the provision of goods and services is 30 days. The majority of receivables
relate to non-trading activities and the credit terms will differ. No interest is charged on other
receivables.
(ii) The amounts recognised from Victorian Government represent funding for all commitments incurred
through the appropriations and are drawn from the Consolidated Fund as the commitments fall due.
Note 8. Inventories
Notes
2014
$’000
2013
$’000
1(Q)
10,168
23,646
10,168
23,646
Current inventories
Work in progress:
– At net realisable value (i)
Total Inventories
(i)
MPV is responsible for managing the Kew Residential Services Project. The land for the project is held
as inventory until it is sold.
Department of State Development, Business and Innovation Annual Report 2013-14
79
Note 9. Restructuring of administrative arrangements
In respect of Machinery of Government and administrative changes announced on 9 April 2013, the financial
statements of the department reflect the actual period of responsibility for the outputs, being the period of 1
July 2013 to 30 June 2014. Regional Development Victoria, including Community Group outputs have been
transferred from the former Department of Planning and Community Development. The Energy and
Resources output has been transferred from the former Department of Primary Industries. The Industrial
Relations Private Sector unit has been transferred to DTF. The Red Tape Commissioner output and the
Whole of Government Information and Communications Technology output have been transferred from DTF.
Comparative amounts for the prior year have not been adjusted.
Net assets relinquished and/or acquired by the department as a result of the re-assignment of these outputs
are recognised in the balance sheet immediately at the carrying amount of those assets in the balance sheet
prior to the transfer.
Controlled assets and liabilities acquired/relinquished at the date of financial
transfer – 1/07/2013
Regional
Development
and Regional
Cities
2014
$'000
Energy and
Resources
2014
$'000
Innovation
and
Technology
2014
$'000
Industrial
Relations
2014
$'000
Total
$'000
40,886
7,624
722
(166)
49,066
1,328
24,739
–
–
26,067
200,334
–
–
–
200,334
–
16,693
–
–
16,693
7,508
5,958
–
–
13,466
250,056
55,014
722
(166)
305,626
(4,956)
(5,590)
(722)
166
(11,102)
Other liabilities
(14,986)
(13,179)
–
–
(28,165)
Total liabilities
transferred (in)/out
(19,942)
(18,769)
(722)
166
(39,267)
Net assets
transferred in/(out)
230,114
36,245
–
–
266,359
Assets
Cash/SAU
Other financial assets
Cash - TCV
investments
Intangibles
Property plant and
equipment and leases
Total assets
transferred in/(out)
Liabilities
Employee benefits
Department of State Development, Business and Innovation Annual Report 2013-14
80
Administered assets and liabilities acquired/relinquished at the date of
financial transfer – 1/07/2013
Regional
Development
and Regional
Cities
2014
$'000
Energy and
Resources
2014
$'000
Innovation
and
Technology
2014
$'000
Industrial
Relations
2014
$'000
Total
$'000
Cash/SAU
–
3,214
–
–
3,214
Other financial assets
–
51,506
–
–
51,506
Total assets
transferred in/(out)
–
54,720
–
–
54,720
Other liabilities
–
(1,574)
–
–
(1,574)
Total liabilities
transferred (in)/out
–
(1,574)
–
–
(1,574)
Net assets
transferred in/(out)
–
53,146
–
–
53,146
Assets
Liabilities
Note 10. Property, plant and equipment
Classification by ‘Purpose Groups’ (i) – carrying amounts
Public Administration
2014
$’000
2013
$’000
107,650
93,887
Buildings at fair value
6,459
10,323
Less: Accumulated depreciation
(470)
(279)
5,989
10,044
Building leasehold – at fair value (ii)
6,094
6,094
Less: Accumulated amortisation
(122)
(60)
5,972
6,034
31,719
26,530
(15,773)
(12,194)
15,946
14,336
135,557
124,301
4,854
2,529
Land
Crown land – fair value
Buildings
Building leasehold
Leasehold improvements – at fair value
Less: Accumulated amortisation
Total land, buildings, building leasehold and leasehold improvements
Plant and equipment
Plant and equipment at fair value
Department of State Development, Business and Innovation Annual Report 2013-14
81
Public Administration
2014
$’000
2013
$’000
(3,830)
(2,216)
1,024
313
4,985
1,464
(1,812)
(487)
3,173
977
4,197
1,290
Property, plant and equipment in the course of construction – at fair value
355,235
335,397
Total property, plant and equipment, and in course of construction
494,989
460,988
Infrastructure at fair value
66,305
66,305
Less: Accumulated depreciation
(2,268)
(1,134)
Total infrastructure
64,037
65,171
559,026
526,159
Less: Accumulated depreciation
Plant and equipment under finance lease – at fair value
Less: Accumulated depreciation
Total plant and equipment
Infrastructure
Net carrying amount of PPE
Property, plant and equipment are classified primarily by the ‘purpose’ for which the assets are used,
according to one of six purpose groups based upon Government purpose classifications. All assets
within a purpose group are further sub-categorised according to the asset’s ‘nature’ (i.e. buildings, plant
and equipment, etc.), with each sub-category being classified as a separate class of asset for financial
reporting purposes.
(ii) Building Leasehold is for a term of 150 years from the year 1990.
(i)
Department of State Development, Business and Innovation Annual Report 2013-14
82
Classification by ‘public administration’ purpose group – movements in carrying amounts
Crown Land at
Fair Value
Buildings at fair
value
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
2014
$'000
2013
$'000
Opening balance
93,887
93,887
10,045
10,323
6,033
6,094
14,336
15,910
313
515
976
913
335,398
228,880
65,171
66,305
526,159
422,827
Additions
16,150
–
–
–
–
–
1,580
485
539
464
1,609
677
19,838
116,859
–
–
39,716
118,485
Disposals
–
–
–
–
–
–
(73)
(99)
(129)
–
(751)
(243)
–
–
–
–
(953)
(342)
(7,425)
–
(5,809)
–
–
–
–
–
–
–
(48)
–
–
(9,616)
–
– (13,282)
(9,616)
Impairment of assets
–
–
–
–
–
–
–
–
–
–
–
–
–
(725)
–
–
–
(725)
Transfers to classified as held for
sale
–
–
–
–
–
–
–
–
–
–
(25)
(23)
–
–
–
–
(25)
(23)
5,038
–
2,044
–
–
–
2,843
–
847
–
2,692
–
–
–
–
–
13,464
–
Depreciation/amortisation expense
–
–
(291)
(278)
(61)
(61)
(2,740)
(1,960)
(546)
(279)
(1,280)
(348)
–
–
(1,135)
(1,134)
(6,053)
(4,060)
Received / given free of charge
–
–
–
–
–
–
–
–
–
(387)
–
–
–
–
–
–
–
(387)
107,650
93,887
5,989
10,045
5,972
6,033
15,946
14,336
1,024
313
3,173
976
355,236
335,398
64,036
65,171
559,026
526,159
Transfers via contributed capital
Machinery of Government transfer in
Closing balance
Buildings
Leasehold
Department of State Development, Business and Innovation Annual Report 2013-14
Leasehold
Improvements
Plant and
Equipment
Leased Plant and
Equipment
In Course of
Construction
Infrastructure
Total
83
The following useful lives of assets are used in the calculation of depreciation and amortisation:
2014
Years
2013
Years
33 to 50
33 to 50
150
150
90
90
Leasehold improvements
8 to 15
8 to 15
Plant and equipment
3 to 10
3 to 10
Leased plant and equipment
1 to 3
1 to 3
Intangible produced assets – software development
1 to 5
1 to 5
2014
$’000
2013
$’000
291
279
62
60
Infrastructure
1,135
1,134
Leasehold improvements
2,739
1,960
546
279
Leased plant and equipment
1,280
348
Total
6,053
4,060
Buildings
Buildings leasehold
Infrastructure
Aggregate depreciation and amortisation allocated and recognised as an expense:
Buildings
Buildings leasehold
Plant and equipment
Note: Amortisation of $2.690 million relating to intangible produced assets is disclosed in Note 5.
Restricted assets
The department holds $1.053 million of properties listed as heritage assets. These heritage assets cannot be
modified nor disposed of without formal Ministerial approval.
Freehold land
An independent valuation of the department’s land and buildings was performed by the Valuer General
Victoria to determine the fair value of the land and buildings. The valuation, which conforms to Australian
Valuation Standards, was determined by reference to the amounts for which assets could be exchanged
between knowledgeable willing parties in an arm’s length transaction. Fair value is determined by direct
reference to recent market transactions on arm’s length terms for land and buildings of comparable size and
location to the department. The valuation was based on independent assessments. The effective date of the
valuation was 30 June 2012 (refer Note 1(Q)).
Department of State Development, Business and Innovation Annual Report 2013-14
84
Fair value measurement hierarchy for assets as at 30 June 2014
Carrying
amount as
at 30 June
2014
$’000
Fair value measurement at end of
reporting period using:
Level 1 (i)
$’000
Level 2 (i)
$’000
Level 3 (i)
$’000
99,850
–
99,850
–
7,800
–
–
7,800
107,650
–
99,850
7,800
Specialised/heritage buildings
5,989
–
–
5,989
Total of buildings at fair value
5,989
–
–
5,989
Vehicles (ii)
3,173
–
–
3,173
Plant and equipment
1,024
–
–
1,024
Total plant, equipment & vehicles at fair
value
4,197
–
–
4,197
Infrastructure
64,037
–
–
64,037
Total of infrastructure at fair value
64,037
–
–
64,037
Leasehold improvements
15,946
–
–
15,946
Total leasehold improvements at fair value
15,946
–
–
15,946
Building leasehold
5,972
–
5,972
–
Total building leasehold at fair value
5,972
–
5,972
–
In course of construction
355,235
–
–
355,235
Total in course of construction at fair value
355,235
–
–
355,235
Total property, plant and equipment at fair
value
559,026
–
105,822
453,204
Land at fair value
Non-specialised land
Specialised land
Total of land at fair value
Buildings at fair value
Plant, equipment and vehicles at fair value
Infrastructure at fair value
Leasehold improvements at fair value
Building leasehold at fair value
In course of construction at fair value
(i) Classified in accordance with the fair value hierarchy.
(ii) Vehicles are categorised to level 3 assets as depreciated replacement cost is used in estimating fair
value.
There have been no transfers between levels during the period.
Non-specialised land and non-specialised buildings
Non-specialised land and non-specialised buildings are valued using the market approach. Under this
valuation method, the assets are compared to recent comparable sales or sales of comparable assets which
are considered to have nominal or no added improvement value.
For non-specialised land and non-specialised buildings, an independent valuation was performed by the
VGV to determine the fair value using the market approach. Valuation of the assets was determined by
Department of State Development, Business and Innovation Annual Report 2013-14
85
analysing comparable sales and allowing for share, size, topography, location, and other relevant factors
specific to the asset being valued. From the sales analysed, an appropriate rate per square metre has been
applied to the subject asset. The effective date of the valuation was 30 June 2012.
To the extent that non-specialised land and non-specialised buildings do not contain significant,
unobservable adjustments, these assets are classified as level 2 under the market approach.
Specialised land and specialised buildings
The market approach is also used for specialised land, although it is adjusted for the community service
obligation (CSO) to reflect the specialised nature of the land being valued.
The CSO adjustment is a reflection of the valuer’s assessment of the impact of restrictions associated with
an asset to the extent that is also equally applicable to market participants. This approach is in light of the
highest and best use consideration required for fair value measurement, and takes into account the use of
the asset that is physically possible, legally permissible, and financially feasible. As adjustments of CSO are
considered as significant unobservable inputs, specialised land would be classified as level 3 assets.
For the department’s majority of specialised buildings, the depreciated replacement cost method is used,
adjusting for the associated depreciation. As depreciation adjustments are considered as significant,
unobservable inputs in nature, specialised buildings are classified as level 3 fair value measurements.
An independent valuation of the department’s specialised land and specialised buildings was performed by
the VGV. The valuation was performed using the market approach adjusted for CSO. The effective date of
the valuation was 30 June 2012.
Heritage and infrastructure assets
Heritage and infrastructure assets are valued using the depreciated replacement cost method. This cost
represents the replacement cost of the asset after applying depreciation rates on a useful life basis.
Replacement costs relate to costs to replace the current service capacity of the asset. Economic
obsolescence has also been factored into the depreciated replacement cost calculation.
Where it has not been possible to examine hidden works such as structural frames and floors, the use of
reasonable materials and methods of construction have been assumed bearing in mind the age and nature
of the building. The estimated cost of reconstruction including structure services and finishes, also factors in
any heritage classifications as applicable.
An independent valuation of the department’s heritage assets and infrastructure was performed by the VGV.
The valuation was performed based on the depreciated replacement cost of the assets. The effective date of
the valuation was 30 June 2012.
Vehicles
Vehicles are valued using the depreciated replacement cost method. The department acquires new vehicles
and at times disposes of them before the end of their economic life. The process of acquisition, use and
disposal in the market is managed by experienced fleet managers who set relevant depreciation rates during
use to reflect the utilisation of the vehicles.
Plant and equipment
Plant and equipment is held at fair value. When plant and equipment is specialised in use, such that it is
rarely sold other than as part of a going concern, fair value is determined using the depreciated replacement
cost method.
Department of State Development, Business and Innovation Annual Report 2013-14
86
There were no changes in valuation techniques throughout the period to 30 June 2014.
For all assets measured at fair value, the current use is considered the highest and best use.
Reconciliation of level 3 fair value
2014
Opening balance
Plant and
SpecialequipSpecialised ment and
ised land buildings vehicles
$'000
$'000
$'000
Infrastructure
$'000
Leasehold In course
improve of consments
truction
$'000
$'000
Total
$'000
5,400
4,057
1,289
65,171
14,336
335,397
425,650
Purchases
–
–
2,146
–
1,580
19,838
23,564
Disposals
–
–
(879)
–
(73)
–
(952)
Transfers in (out) of
level 3
–
–
–
–
–
–
–
Administrative
restructure/transfers via
contributed capital
2,400
1,997
3,467
–
2,843
–
10,707
Gains or losses
recognised in net result
–
–
–
–
–
–
–
Depreciation
–
(65)
(1,826)
(1,135)
(2,739)
–
(5,765)
Impairment
–
–
–
–
–
–
–
2,400
1,932
2,908
(1,135)
1,611
19,838
27,554
Gains or losses
recognised in other
economic flows – other
comprehensive income
–
–
–
–
–
–
–
Revaluation
–
–
–
–
–
–
–
Subtotal
–
–
–
–
–
–
–
7,800
5,989
4,197
64,036
15,947
355,235
453,204
–
–
–
–
–
–
–
Subtotal
Closing balance
Unrealised
gains/(losses) on nonfinancial assets
Department of State Development, Business and Innovation Annual Report 2013-14
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Description of significant unobservable inputs to level 3 valuations
Valuation
technique (i)
Significant
unobservable
inputs (i)
Specialised land
Market approach
Specialised land
Income cash flow Present value
discount rate of
4.5%
Specialised
Depreciated
/heritage buildings replacement cost
Infrastructure
(i)
Depreciated
replacement cost
Sensitivity of fair value
measurement to changes
Range (weighted in significant
average) (i)
unobservable inputs
Community
10% CSO
Service Obligation adjustment
(CSO) adjustment
A significant increase or
decrease in the CSO
adjustment would result in
a significantly lower or
higher fair value
+/- 1% interest
rate
A significant increase or
decrease in the discount
rate would result in a
significantly lower or higher
fair value
Direct cost per
square metre
$1,300 to $2,800
per square metre
(average $2,000
per square metre)
A significant increase or
decrease in direct cost per
square metre adjustment
would result in a
significantly higher or lower
fair value
Useful life of
specialised
buildings
33 to 50 years
A significant increase or
decrease in the estimated
useful life of the asset
would result in a
significantly higher or lower
valuation
Cost per unit
$800 to $9,000
per square metre
(weighted
average $1,500
per square metre)
A significant increase or
decrease in cost per unit
would result in a
significantly higher or lower
fair value
Useful life of
infrastructure
90 years
A significant increase or
decrease in the estimated
useful life of the asset
would result in a
significantly higher or lower
valuation
Illustrations on the valuation techniques, significant unobservable inputs and related quantitative range
of those inputs are indicative and should be directly used without consultation with the department’s
independent Valuer.
Department of State Development, Business and Innovation Annual Report 2013-14
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Note 11. Non-financial physical assets classified as held for
sale including disposal group assets and directly associated
liabilities
2014
$’000
2013
$’000
25
23
25
23
25
23
25
23
Non-financial physical assets including disposal group assets
classified as held for sale
Current assets
Leased Plant and equipment held for sale (i)
Total
Liabilities directly associated with assets classified as held for sale
including disposal groups
Current liabilities
Finance lease liabilities
Total
(i) The department holds a leased motor vehicle which it intends to sell in the next 12 months.
The fair value hierarchy of the department’s non-financial physical assets held for sale is Level 2(ii).
(ii) Classified in accordance with the fair value hierarchy, refer Note 10.
Note 12. Investments accounted for using the equity method
The department has a joint venture interest with Monash University in the Australian Regenerative Medical
Institute (ARMI). ARMI was established to construct and operate a facility which will promote Victoria as a
global leader in regenerative medical research, foster and develop existing research collaboration on
domestic and overseas projects, and provide a major site for undergraduate and post graduate training
programs.
2014
$’000
2013
$’000
Non-current investments in jointly controlled entities
35,000
35,000
Total
35,000
35,000
Name of entity
Principal Activity
Jointly controlled entities
Australian Regenerative Medicine
Institute (ARMI).
(i)
To construct and operate a
regenerative medical research
facility.
Ownership Interest % (i)
2014
2013
20
20
The interest of the department in the joint venture is 20% in accordance with the agreement. The fair
value of the ownership interest held by the department is equal to the value of cash invested in the Joint
Venture which amounts to $35 million at 30 June 2014 ($35 million at 30 June 2013).
Department of State Development, Business and Innovation Annual Report 2013-14
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Summarised financial information of jointly controlled entities
At balance date, the department’s share of net assets and the net result after tax of its jointly controlled
entities are:
2014
$’000
2013
$’000
318
306
Non-current assets
129,111
135,312
Total assets
129,429
135,618
Current liabilities
–
–
Non-current liabilities
–
–
Total liabilities
–
–
129,429
135,618
35,000
35,000
Share of jointly controlled entity’s result after tax
–
–
Dividends received from jointly controlled entity
–
–
Current assets
Net assets
Share of jointly controlled entity’s net assets
Contingent liabilities and capital commitments
The department’s share of the contingent liabilities, capital commitments, and other expenditure
commitments of its jointly controlled entities are disclosed in Notes 22 and 21 respectively.
Note 13. Intangible assets
2014
$’000
2013
$’000
26,490
26,920
701
2,802
Machinery of Government transfers
16,694
–
Disposals or classified as held for sale
(4,963)
(3,232)
Closing balance
38,922
26,490
–
–
(2,690)
–
–
–
Closing balance
(2,690)
–
Net book value at end of financial year
36,232
26,490
Gross carrying amount
Opening balance
Additions
Accumulated amortisation
Opening balance
Amortisation of intangible produced assets
Disposals or classified as held for sale
Significant intangible assets
The intangible assets relate to deferred expenditure of $20.597 million at 30 June 2014 (2013: $24.947
million) for the development of Parkville Gardens by MPV and the development of internal software – the
Resource Rights Allocation Management (RRAM) system. The value for the development of Parkville
Department of State Development, Business and Innovation Annual Report 2013-14
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Gardens is progressively expensed in line with the sale of properties. Parkville Gardens Development was
tested for impairment at 30 June 2014 (2013: nil) and no write-down was charged to the net result.
Note 14. Other non-financial assets
2014
$’000
2013
$’000
1,832
965
26
1
1,858
966
2014
$’000
2013
$’000
Amounts payable to other Government agencies (i)
10,540
5,932
Other payables (ii)
79,467
47,593
90,007
53,525
9,151
9,147
9,151
9,147
99,158
62,672
Other payables
1,200
–
Total Non-current payables
1,200
–
100,358
62,672
Current other assets
Prepayments
Other
Total current other assets
Note 15. Payables
Current payables
Contractual
Statutory
Other payables
Total current payables
Non-current payables
Contractual
Total payables
(i)
Terms and conditions of amounts payable to other Government agencies vary according to a particular
agreement with that agency.
(ii) The average credit period is 30 days. No interest is charged on late payments.
(a) Maturity analysis of contractual payables
Refer to table 23.5 in Note 23 for the ageing analysis of contractual payables.
(b) Nature and extent of risk arising from contractual payables
Refer to Note 23 for the nature and extent of risks arising from contractual payables.
Department of State Development, Business and Innovation Annual Report 2013-14
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Note 16. Borrowings
2014
$’000
2013
$’000
Finance lease liabilities (i) (Note 20)
1,750
469
Total current borrowings
1,750
469
Finance lease liabilities (i) (Note 20)
1,451
515
Total non-current borrowings
1,451
515
Total borrowings
3,201
984
Current borrowings
Non-current borrowings
(i)
Secured by the assets leased.
(a) Maturity analysis of interest borrowings
Refer to table 23.5 in Note 23 for the ageing analysis of borrowings.
(b) Nature and extent of risk arising from borrowings
Refer to table 23.6 in Note 23 for the nature and extent of risks arising from borrowings.
(c) Defaults and breaches
During the current and prior year, there were no defaults and breaches of loans.
Note 17. Provisions
2014
$’000
2013
$’000
Unconditional and expected to be settled within 12 months (i)
11,177
7,190
Unconditional and expected to be settled after 12 months (ii)
15,933
9,479
Unconditional and expected to be settled within 12 months (i)
1,875
1,032
Unconditional and expected to be settled after 12 months (ii)
2,845
1,577
31,830
19,278
2,850
1,370
508
228
3,358
1,598
35,188
20,876
9,509
5,633
16,921
10,050
680
986
Current provisions
Employee benefits (iii)
Provisions related to employee benefit on-costs
Total current provisions
Non-current provisions
Employee benefits (iii)
Provisions related to employee benefit on-costs
Total non-current provisions
Total provisions
Employee benefits and related on-costs
Current employee benefits
Annual leave entitlements
Unconditional long service leave entitlements
Other entitlements
Non-current employee benefits
Department of State Development, Business and Innovation Annual Report 2013-14
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Conditional long service leave entitlements
Total employee benefits
Current on-costs
Non-current on-costs
Total on-costs
Total employee benefits and related on-costs
2014
$’000
2013
$’000
2,849
1,370
29,959
18,039
4,721
2,609
508
228
5,229
2,837
35,188
20,876
(i) Nominal amounts are disclosed.
(ii) The amounts disclosed are discounted to present value.
(iii) Provisions for employee benefits consist of amounts for annual leave and long service leave accrued by
employees, not including on-costs.
Note 18. Superannuation
Employees of the department are entitled to receive superannuation benefits and the department contributes
to both defined benefit and defined contribution plans. The defined benefit plan provides benefits based on
years of service and final average salary.
The department does not recognise any defined benefit liability in respect of the plan because the
department has no legal or constructive obligation to pay future benefits relating to its employees; its only
obligation is to pay superannuation contributions as they fall due. DTF discloses the state’s defined benefit
liabilities in its disclosure for administered items.
However, superannuation contributions paid or payable for the reporting period are included as part of the
employee benefits in the comprehensive operating statement of the department.
The name, details and amounts expensed in relation to the major employee superannuation funds and
contributions made by the department are as follows:
Paid contribution for the Contribution outstanding
year
at year end
2014
$’000
2013
$’000
2014
$’000
2013
$’000
1,350
1,112
–
–
VicSuper
5,326
3,135
–
–
Other
2,097
979
–
–
Total
8,773
5,226
–
–
Fund
Defined benefit plans:
State Superannuation Fund – revised and new
Defined contributions plans:
(a) The bases for contributions are determined by the various schemes.
(b) The above amounts were measured as at 30 June of each year, or in the case of employer contributions
they relate to the years ended 30 June.
Department of State Development, Business and Innovation Annual Report 2013-14
93
Note 19. Other liabilities
2014
$’000
2013
$’000
Other liabilities
84
194
Total other liabilities
84
194
Current other liabilities
Note 20. Leases
Finance leases
Leasing arrangements
Finance leases entered into by the department relate to motor vehicles with lease terms between 1 and 3
years. The department has options to purchase the vehicles at the conclusion of the lease agreements.
Minimum future lease
payments
Present value of
minimum future lease
payments
2014
$’000
2013
$’000
2014
$’000
2013
$’000
Not longer than 1 year
1,885
516
1,750
469
Longer than 1 year but not longer than 5 years
1,505
547
1,451
515
Minimum future lease payments (i)
3,390
1,063
3,201
984
Less future finance charges
(189)
(79)
–
–
Present value of minimum lease payments
3,201
984
3,201
984
Current borrowings (Note 16)
1,750
469
Non-current borrowings (Note 16)
1,451
515
Total
3,201
984
Finance lease liabilities
Finance lease liabilities payable
Included in the financial statements as:
(i)
Minimum future lease payments includes the aggregate of all lease payments and any guaranteed
residual.
Department of State Development, Business and Innovation Annual Report 2013-14
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Lessee – Operating leases
Leasing arrangements
Operating leases mainly relate to accommodation with lease terms of between two and 15 years. All
operating lease contracts contain market review clauses in the event that the department exercises its option
to renew. The department does not have an option to purchase the leased asset at the expiry of the lease
period.
2014
$’000
2013
$’000
Not longer than 1 year
18,450
11,026
Longer than 1 year but not longer than 5 years
69,345
41,597
Longer than 5 years
42,363
33,273
130,158
85,896
2014
$’000
2013
$’000
Not longer than 1 year
–
128
Longer than 1 year but not longer than 5 years
–
546
Longer than 5 years
–
764
Total
–
1,438
Non-cancellable operating leases
Total
Lessor – Operating leases (i)
Non-cancellable operating lease receivables
(i)
Assets previously leased are no longer owned by the department.
Department of State Development, Business and Innovation Annual Report 2013-14
95
Note 21. Commitments for expenditure
The following commitments have not been recognised as liabilities in the financial statements.
Controlled commitments are payable as follows:
(a)
2014
$’000
2013
$’000
500
318
–
636
500
954
Not longer than 1 year
255,667
89,534
Longer than 1 year but not longer than 5 years
190,074
86,529
1,110
1,832
446,851
177,895
46,491
193,154
Longer than 1 year but not longer than 5 years
753
20,910
Longer than 5 years
192
–
47,436
214,064
Lease commitments
Finance lease liabilities and non-cancellable operating
lease commitments are disclosed in Note 20 to the
financial statements.
(b)
Other expenditure commitments
Outsourcing commitments
Commitments under outsourcing contracts for information
technology and internal audit services at the reporting
date but not recognised as liabilities and payable are:
Not longer than 1 year
Longer than 1 year but not longer than 5 years
Total
Grant commitments
Commitments for the payment of grants under long-term
contracts in existence at the reporting date but not recognised
as liabilities and payable are:
Longer than 5 years
Total
Major Projects Victoria
Commitments for payments under contract in relation to
projects in existence at the reporting date but not
recognised as liabilities and payable are:
Not longer than 1 year
Total
Melbourne Convention Centre Development Project (Administered entity)
In May 2006, the State of Victoria entered into an agreement under its Partnerships Victoria policy for the
development and maintenance of the Melbourne Convention Centre (MCC) facility by a private sector
consortium (the lessor).
The lessor was responsible for construction of the new facility which commenced in June 2006 and
commercial acceptance was achieved on 31 March 2009. Upon its completion, the department on behalf of
the State of Victoria was granted a 25 year finance lease by the lessor, and entered into an agreement under
which the new facility will be operated by the Melbourne Convention and Exhibition Trust (MCET).
Department of State Development, Business and Innovation Annual Report 2013-14
96
It is estimated as at 30 June 2014 that future lease payments relating to the facility amount to $460.3 million
(2013: $461.1 million) in net present value terms, or $1,072.8 million (2013: $1,114.0 million) in nominal
dollars, to be paid to the lessor over a 25 year period which commenced 1 January 2009. At the same time,
the department on behalf of the State of Victoria has entered into a loan agreement with MCET under which
MCET undertakes to repay the State of Victoria fifty per cent ($227.5 million) of the value of the asset ($455
million) over a 25 year period.
As part of the 25 year lease arrangement the lessor will provide services, maintenance, and refurbishments
in return for a fixed (inflation adjusted) quarterly service payment from the State of Victoria. It is estimated
that as at 30 June 2014, these future service payments amount to $218.3 million (2013: $219.0 million) in net
present value terms, or $459.1 million (2013: $477.1 million) in nominal dollars, over the 25 year lease term.
Ownership of the MCC facility will transfer to the State of Victoria at the end of the 25 year lease period at no
cost.
Finance lease commitments in relation to the MCC development project for construction of the new
facility:
Nominal value
Net present value (i)
2014
$’000
2013
$000
2014
$’000
2013
$000
42,307
41,245
39,987
38,999
Longer than 1 year but not longer than 5 years
180,414
175,880
136,377
133,207
Longer than 5 years
850,036
896,877
283,902
288,897
1,072,757
1,114,002
460,266
461,103
Not longer than 1 year
Total value of expected future commitments
(i)
The net present value is calculated using a discount rate of 9.4% per annum.
Operating lease commitments in relation to the MCC development project for services, maintenance,
and refurbishments:
Nominal value
Net present value (i)
2014
$’000
2013
$000
2014
$’000
2013
$000
Not longer than 1 year
18,480
18,045
17,597
17,183
Longer than 1 year but not longer than 5 years
78,463
76,625
61,525
60,086
Longer than 5 years
362,123
382,441
139,149
141,759
Total value of expected future commitments
459,066
477,111
218,271
219,028
(i)
The net present value is calculated using a discount rate of 8.14% per annum.
Note 22. Contingent assets and contingent liabilities
2014
$’000
2013
$’000
307
307
67
–
374
307
Contingent liabilities
Financial guarantee – letter of credit ICAAN, arrangement with Westpac
Mining rehabilitation (i)
Total
(i)
The contingent liability transferred to the department through Machinery of Government changes.
Department of State Development, Business and Innovation Annual Report 2013-14
97
Non-quantifiable contingent liabilities (Controlled entity)
As part of the wind-up of the National Electricity Code Administrator (NECA), the State of Victoria has
undertaken to indemnify the actions of the NECA Directors for a period of seven years, from completion of
their tenure in 2008, until 2015.
There are a number of litigation matters underway at balance date, the details of which are not disclosed so
as not to prejudice the cases.
Contingent liabilities are not secured over any of the assets of the department.
Note 23. Financial instruments
(a) Financial risk management objectives and policies
The department’s activities expose it primarily to the financial risk of changes in interest rates. The
department does not enter into derivative financial instruments to manage its exposure to interest rate and
foreign currency risk.
The department does not enter into or trade financial instruments, including derivative financial instruments,
for speculative purposes.
The department’s principal financial instruments comprise:
 cash assets
 term deposits
 investments-equities
 receivables (excluding statutory receivables)
 payables (excluding statutory payables)
 borrowings, and
 finance lease liabilities payable.
Details of the significant accounting policies and methods adopted, including the criteria for recognition, the
basis of measurement, and the basis on which income and expenses are recognised, with respect to each
class of financial asset, financial liability and equity instrument above are disclosed in Note 1 to the financial
statements.
The main purpose in holding financial instruments is to prudentially manage the department’s financial risks
within the Government policy parameters.
Investments in associates or joint ventures are disclosed separately in Note 12.
The department uses different methods to measure and manage the different risks to which it is exposed.
The carrying amounts of the department’s contractual financial assets and financial liabilities by category are
disclosed in the table below:
Department of State Development, Business and Innovation Annual Report 2013-14
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Table 23.1: Categorisation of financial instruments
Contractual Contractual
Financial
Financial
assets – liabilities at
loans and
amortised
receivables
cost
$’000
$’000
Total
$’000
396,760
–
396,760
24,369
–
24,369
90
–
90
421,219
–
421,219
–
91,207
91,207
Borrowings
–
3,201
3,201
Total contractual financial liabilities
–
94,408
94,408
Cash and deposits
89,229
–
89,229
Receivables (i)
17,255
–
17,255
106,484
–
106,484
–
53,525
53,525
Borrowings
–
984
984
Total contractual financial liabilities
–
54,509
54,509
2014
Contractual Financial assets
Cash and deposits
Receivables (i)
Investments-equities
Total contractual financial assets
Contractual Financial liabilities
Payables (i)
– Supplies and services
2013
Contractual Financial assets
Total contractual financial assets
Contractual financial liabilities
Payables (i)
– Supplies and services
(i)
Receivables and payables disclosed above exclude Statutory Receivables (i.e. GST recoverable) and
Statutory Payables (i.e. Taxes payable).
Department of State Development, Business and Innovation Annual Report 2013-14
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Table 23.2: Net holding gain/(loss) on financial instruments by category
Net holding
gains/
(loss)
$’000
Total
interest
income/
(expense)
$’000
Total
$’000
Cash and deposits
–
5,312
5,312
Total contractual financial assets
–
5,312
5,312
Financial liabilities at amortised cost
–
(280)
(280)
Total contractual financial liabilities
–
(280)
(280)
Cash and deposits
–
611
611
Total contractual financial assets
–
611
611
Financial liabilities at amortised cost
–
(47)
(47)
Total contractual financial liabilities
–
(47)
(47)
2014
Contractual financial assets
Contractual financial liabilities
2013
Contractual financial assets
Contractual financial liabilities
The net holding gains or losses disclosed above are determined as follows:
 For cash and cash equivalents, loans or receivables, and available-for-sale financial assets, the net gain
or loss is calculated by taking the movement in the fair value of the asset, the interest income, plus or
minus foreign exchange gains or losses arising from revaluation of the financial assets, and minus any
impairment recognised in the net result.
 For financial liabilities measured at amortised cost, the net gain or loss is calculated by taking the interest
expense, and plus or minus foreign exchange gains or losses arising from the revaluation of financial
liabilities measured at amortised cost.
(b) Credit risk
Credit risk arises from the contractual financial assets of the department, which comprise cash and deposits,
non-statutory receivables and available-for-sale contractual financial assets. The department’s exposure to
credit risk arises from the potential default of the counter party on their contractual obligations resulting in
financial loss to the department. Credit risk is measured at fair value and is monitored on a regular basis.
Credit risk associated with the department’s financial assets is minimal because its main debtor is the
Victorian Government. For debtors other than Government, it is the department’s policy to only deal with
entities with high credit ratings of a minimum triple-B rating and to obtain sufficient collateral or credit
enhancements where appropriate.
The department does not engage in hedging for its financial assets and mainly holds financial assets that are
on fixed interest except for cash assets which are mainly cash at bank. As with the policy for debtors, the
department’s policy is to only deal with domestic banks with high credit ratings.
Department of State Development, Business and Innovation Annual Report 2013-14
100
Provision for impairment for contractual financial assets is recognised when there is objective evidence that
the department will not be able to collect a receivable. Objective evidence includes financial difficulties of the
debtor, default payments, debts which are more than 60 days overdue, and changes in debtor credit ratings.
Except as otherwise detailed in the following table, the carrying amount of financial assets recorded in the
financial statements, net of any allowances for losses, represents the department’s maximum exposure to
credit risk without taking account of the value of any collateral obtained.
Table 23.3: Credit quality of contractual financial assets that are neither past due nor impaired.
Government
agencies
(AAA credit
rating)
$’000
Other
(minimum
BBB credit
rating)
$’000
Internally
rated bank
deposits
$’000
Other
$’000
Total
$’000
348,329
46,600
1,831
–
396,760
12,365
–-
–
12,004
24,369
–
–
–
90
90
360,694
46,600
1,831
12,094
421,219
43,563
44,339
1,327
–
89,229
9,239
–
–
8016
17,255
52,802
44,339
1,327
8,016
106,484
2014
Cash and deposits
Receivables (i)
Investments-equities
Total contractual financial assets
2013
Cash and deposits
Receivables (i)
Total contractual financial assets
(i)
The carrying amounts disclosed exclude statutory receivables (e.g. amounts owing from the State of
Victoria and GST recoverable).
Contractual financial assets that are either past due or impaired
There are no material financial assets which are individually determined to be impaired. Currently the
department does not hold any collateral as security nor credit enhancements relating to any of its financial
assets.
There are no financial assets that have had their terms renegotiated so as to prevent them from being past
due or impaired, and they are stated at the carrying amounts as indicated. The aging analysis table 23.4
discloses the aging only of contractual financial assets that are past due but not impaired.
Table 23.4 discloses the ageing of financial assets that are past due but not impaired.
(c) Liquidity risk
Liquidity risk is the risk that the department would be unable to meet its financial obligations as and when
they fall due. The department operates under the Government fair payments policy of settling financial
obligations within 30 days and in the event of a dispute, making payments within 30 days from the date of
resolution.
The department’s maximum exposure to liquidity risk is the carrying amounts of financial liabilities as
disclosed in the balance sheet. The department manages its liquidity risk by:
 maintaining an adequate level of uncommitted funds that can be drawn at short notice to meet its short
term obligations;
Department of State Development, Business and Innovation Annual Report 2013-14
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 holding investments and other contractual financial assets that are readily tradeable in the financial
markets;
 careful maturity planning of its financial obligations based on forecasts of future cash flows;
 a high credit rating for the State of Victoria (Moody’s Investor Services & Standard & Poor’s triple-A),
which assists in accessing debt market at a lower interest rate.
The department’s exposure to liquidity risk is deemed insignificant based on prior period’s data and current
assessment of risk. Maximum exposure to liquidity risk is the carrying amounts of financial liabilities as
disclosed in the balance sheet.
Table 23.5 discloses the contractual maturity analysis for the department’s contractual financial liabilities.
(d) Market risk
The department’s exposures to market risk are primarily through interest rate risk with only insignificant
exposure to foreign currency and other price risks. Objectives, policies and processes used to manage each
of these risks are disclosed in the paragraphs below:
Foreign currency risk
The department is exposed to insignificant foreign currency risk through its payables relating to purchases of
supplies and consumables from overseas. This is because of a limited amount of purchases denominated in
foreign currencies and a short timeframe between commitment and settlement.
The department manages its risk through continuous monitoring of movements in exchange rates and
ensures availability of funds through rigorous cash flow planning and monitoring. Based on past and current
assessment of economic outlook, it is deemed unnecessary for the department to enter into any hedging
arrangements to manage risk.
Interest rate risk
Exposure to interest rate risk is insignificant and might arise primarily through the department’s interest
bearing liabilities and assets. The only interest bearing liabilities and assets are the motor vehicle finance
lease liabilities and term deposits. The department’s interest bearing assets are managed by Treasury
Corporation Victoria and any movement in interest rates are monitored on a daily basis.
The carrying amounts of financial assets and financial liabilities that are exposed to interest rates are set out
in Table 23.6. In addition, the department’s sensitivity to interest rate risk is set out in Table 23.7.
Sensitivity analysis disclosure
The department’s sensitivity to market risk is determined based on the observed range of actual historical
data for the preceding five year period, with all variables other than the primary risk variable held constant.
The department’s fund managers cannot be expected to predict movements in market rates and prices;
sensitivity analyses are shown for illustrative purposes only. The following movements are “reasonably
possible” over the next 12 months:
A shift of +100 basis points (1%) per cent and -100 basis points (1%) per cent in market interest rates (AUD)
from year-end rates.
Table 23.7 discloses the impact on the department’s net result and equity for each category of financial
instrument held by the department at the end of the reporting period as presented to key management
personnel if the above movements were to occur.
Department of State Development, Business and Innovation Annual Report 2013-14
102
Table 23.4: Ageing analysis of contractual financial assets
Carrying
amount
$’000
Not past
Past due but not impaired
due and
not Less than 1
1–3
3 – 12
impaired
month
months
months 1 – 5 years
$’000
$’000
$’000
$’000
$’000
2014
396,760
396,760
–
–
–
–
24,369
23,281
37
1,006
43
2
90
90
–
–
–
–
421,219
420,131
37
1,006
43
2
Cash and deposits
89,229
89,229
–
–
–
–
Receivables (i)
17,255
13,079
2,031
584
1,508
53
106,484
102,308
2,031
584
1,508
53
Cash and deposits
Receivables (i)
Investments
Total
2013
Total
(i)
The carrying amounts disclosed here exclude statutory receivables (e.g. amounts owing from Victorian
Government and GST input tax credit recoverable).
Table 23.5: Maturity analysis of contractual financial liabilities (ii)
Maturity dates
Carrying
amount
$’000
Nominal Less than 1
amount
month
$’000
$’000
1–3
months
$’000
3 – 12
months
$’000
1 – 5 years
$’000
2014
Payables (i)
Finance lease
liabilities
Total
91,207
91,207
91,207
–
–
–
3,202
3,390
289
235
1,360
1,506
94,409
94,597
91,496
235
1,360
1,506
53,525
53,525
53,525
–
–
–
984
1,062
108
67
340
547
54,509
54,587
53,633
67
340
547
2013
Payables (i)
Finance lease
liabilities
Total
(i) The carrying amounts disclosed exclude statutory amounts (e.g. GST payables).
(ii) Maturity analysis is presented using the contractual and discounted cash flow.
Department of State Development, Business and Innovation Annual Report 2013-14
103
Table 23.6: Interest rate exposure of financial instruments
Interest rate exposure
Weighted
average
interest rate
%
Carrying
amount
$’000
Fixed
interest
rate
$’000
Variable
interest
rate
$’000
Noninterest
bearing
$’000
2.43%
252,310
–
252,310
–
144,450
–
–
144,450
24,369
–
–
24,369
90
–
–
90
421,219
–
252,310
168,909
91,207
–
–
91,207
3,202
3,202
–
–
94,409
3,202
–
91,207
47,372
–
47,372
–
Cash and deposits
41,858
–
–
41,858
Receivables (i)
17,255
–
–
17,255
106,485
–
47,372
59,113
53,525
–
–
53,525
984
984
–
–
54,509
984
–
53,525
2014
Financial assets
Cash and deposits
Cash and deposits
Receivables (i)
Investments-equities
Total financial assets
Financial liabilities
Payables
Financial lease liabilities
6.19%
Total financial liabilities
2013
Financial assets
Cash and deposits
2.34%
Total financial assets
Financial liabilities
Payables (i)
Financial lease liabilities
Total financial liabilities
(i)
6.54%
The carrying amounts disclosed exclude statutory receivables and payables (e.g. amounts owing from
Victorian Government, GST recoverable and GST payable).
Department of State Development, Business and Innovation Annual Report 2013-14
104
Table 23.7: Interest rate risk sensitivity
Interest rate
-100 basis points
Carrying
amount
$’000
+100 basis points
Availablefor-sale
revaluation
Net Result
surplus
$’000
$’000
Availablefor-sale
revaluation
Net Result
surplus
$’000
$’000
2014
Contractual financial assets
Cash and deposits
Receivables
Investments-equities
396,760
(2,523)
–
2,523
–
24,369
–
–
–
–
90
–
–
–
–
(2,523)
–
2,523
–
91,207
–
–
–
–
3,202
–
–
–
–
–
–
–
–
Total impact
Contractual financial liabilities
Payables
Borrowings
Total impact
2013
Contractual financial assets
Cash and deposits
89,229
(474)
–
474
–
Receivables
17,255
–
–
–
–
(474)
–
474
–
53,525
–
–
–
–
984
–
–
–
–
–
–
–
–
Total impact
Contractual financial liabilities
Payables
Borrowings
Total impact
(e) Fair value
The fair values and net fair values of financial instrument assets and liabilities are determined as follows:
 Level 1 – the fair value of financial instrument with standard terms and conditions and traded in active
liquid markets are determined with reference to quoted market prices;
 Level 2 – the fair value is determined using inputs other than quoted prices that are observable for the
financial asset or liability, either directly or indirectly; and
 Level 3 – the fair value is determined in accordance with generally accepted pricing models based on
discounted cash flow analysis using unobservable market inputs.
The department considers that the carrying amount of financial instrument assets and liabilities recorded in
the financial statements to be a fair approximation of their fair values, because of the short-term nature of the
financial instruments and the expectation that they will be paid in full.
Department of State Development, Business and Innovation Annual Report 2013-14
105
Table 23.8: Comparison between carrying amount and fair value
Carrying
amount
2014
$’000
Fair value
2014
$’000
Carrying
amount
2013
$’000
Fair value
2013
$’000
396,760
396,760
89,229
89,229
24,369
24,369
17,255
17,255
90
90
–
–
421,219
421,219
106,484
106,484
91,207
91,207
53,525
53,525
3,202
3,202
984
984
94,409
94,409
54,509
54,509
Contractual financial assets
Cash and deposits
Receivables (i)
Investments-equities
Total contractual financial assets
Contractual financial liabilities
Payables (i)
– Supplies and services
Borrowings
Total contractual financial liabilities
(i)
The carrying amounts exclude statutory amounts (e.g. amounts owing from Government, GST input tax
credit recoverable, and GST payable).
Table 23.9: Financial assets measured at fair value (ii)
Fair value measurement at end of
reporting period using:
Carrying
amount
$’000
$’000
Level 1 (i)
$’000
Level 2 (i)
$’000
Level 3
396,760
396,760
–
–
24,369
24,369
–
–
90
90
–
–
421,219
421,219
–
–
Cash and deposits
89,229
89,229
–
–
Receivables
17,255
17,255
–
–
106,484
106,484
–
–
2014
Financial assets at fair value through profit or loss
Cash and deposits
Receivables
Investments-equities
Total
2013
Financial assets at fair value through profit or loss
Total contractual financial assets
(i) There is no difference between level 1 and level 2.
(ii) The fair value hierarchy are disclosed by class of financial instrument.
There have been no transfers between levels during the period.
The fair value of the financial assets and liabilities is included at the amount at which the instrument could be
exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.
Department of State Development, Business and Innovation Annual Report 2013-14
106
Note 24. Cash flow information
(a) Reconciliation of cash and cash equivalents
For the purpose of the cash flow statement, cash includes cash-on-hand and in bank (including funds held in
trust), net of outstanding bank overdrafts. Cash at the end of the financial year as shown in the cash flow
statement is reconciled to the related items in the balance sheet as follows:
2014
$’000
2013
$’000
48,432
45,673
Funds held in trust Note 30 (b)
348,328
43,556
Balance as per cash flow statement
396,760
89,229
Cash (i)
(i)
Due to the State of Victoria’s investment policy and Government funding arrangements, the department
does not hold a large cash reserve in it bank accounts. Cash received by the department from the
generation of income is generally paid into the state’s bank account, known as the Public Account.
Similarly, any departmental expenditure, including those in the form of cheques drawn by the
department for the payment of goods and services to its suppliers and creditors are made via the Public
Account. The process is such that, the Public Account would remit to the department the cash required
for the amount drawn on the cheques. This remittance by the Public Account occurs upon the
presentation of the cheques by the department’s suppliers or creditors.
The above funding arrangements often result in department having a notional shortfall in the cash at
bank required for payment of unpresented cheques at the reporting period. At 30 June 2014, cash at
bank includes the amount of a notional shortfall for the payment of unpresented cheques at the end of
the reporting period.
At 30 June 2014, cash at bank included the amount of a notional shortfall for the payment of
unpresented cheques of $66,021 (2013: $106,085).
(b) Non-cash financing and investing activities
2014
$’000
2013
$’000
Acquisition of plant and equipment by way of finance lease
1,609
677
Total
1,609
677
Department of State Development, Business and Innovation Annual Report 2013-14
107
(c) Reconciliation of net result for the period
2014
$’000
2013
$’000
33,924
11,010
Loss on sale or disposal of non-current assets
4,850
3,162
Depreciation & amortisation of non-financial assets and intangible assets
8,743
4,060
(28)
–
43
725
(11,513)
(12,959)
(853)
50
24,697
25,289
(Decrease)/increase in current provisions
1,914
(368)
(Decrease)/increase in non-current provisions
1,236
(277)
63,013
30,692
2014
$’000
2013
$’000
Listed securities
90
–
Total current and non-current investments and other financial assets
90
–
2014
$’000
2013
$’000
30,970
30,970
Revaluation increment/(decrements)
–
–
Transfers to accumulated surplus (ii)
(5,320)
–
Balance at end of financial year
25,650
30,970
Net change in reserves
(5,320)
–
Net result for the period
Non-cash movements:
Provision for doubtful debts
Impairment of non-current assets
Movements in assets and liabilities
Increase in current receivables
(Increase)/decrease in other current assets
Increase in current payables
Net cash flows from/(used) in operating activities
Note 25. Investments
Current investments
Term deposits: the department had no current investments with maturity > 3 months.
Non-current investments
Equity and management investments
Note 26. Reserves
Physical asset revaluation surplus (i)
Balance at beginning of financial year
(i) The physical asset revaluation surplus arises on the revaluation of land and buildings.
(ii) Relates to the transfer of land and buildings at Beacon Cove to Port of Melbourne Authority and the City
of Port Phillip.
Department of State Development, Business and Innovation Annual Report 2013-14
108
Note 27. Summary of compliance with annual parliamentary and special appropriations
The following table discloses the details of parliamentary appropriations received by the department for the year. In accordance with accrual output-based management
procedures ‘provision of outputs’ and ‘additions to net assets’ are disclosed as ‘controlled’ activities of the department. Administered transactions are those that are
undertaken on behalf of the State of Victoria over which the department has no control or discretion.
Appropriation Act
Financial Management Act 1994
Annual
Appropriation
Advance from
Treasurer
2014
$000
2013
$000
2014
$000
2013
$000
2014
$000
2013
$000
2014
$000
2013
$000
2014
$000
2013
$000
2014
$000
2013
$000
2014
$000
615,786 477,893
–
9,250
–
–
4,823
1,078
10,000
4,070
64,285
42,126
81,367 194,043
–
–
–
–
–
–
(5,000)
(9,070)
30,780
Section 3(2)
Section 29
Section 30
Section 32
Section 35
Advances
2013
$000
Total
Parliamentary
Authority
Appropriations
Applied
2014
$000
2014
$000
2013
$000
2013
$000
Variance
2014
$000
2013
$000
–
– 694,894 534,417 576,223 438,132 118,671
96,285
(i)
6,961
–
– 107,147 191,934
63,313
71,423
(ii)
–
–
–
59,000
657
–
Controlled
Provision of
outputs
Additions to net
assets
Regional Growth
Fund
43,834 120,511
136,000
–
–
–
–
–
–
–
–
–
–
–
–
– 136,000
– 136,000
64,000
54,000
2,535
–
–
–
–
–
(5,000)
5,000
–
–
–
–
897,153 725,936
2,535
9,250
–
–
4,823
1,078
–
–
95,065
49,087
–
– 999,576 785,351 816,935 617,643 182,641 167,708
Administered
Payments made
on behalf of the
state
Total
61,535
59,000
60,878
A number of the department’s output programs have been rescheduled to the next financial year due to delays in commencements, completion of milestones, and/or
contract finalisation. As a result the department has obtained approval to rephase a component of this unspent funding into future years and has also applied for the
remaining output budget to be carried over into the next financial year.
(ii) A number of the department’s capital projects have experienced delays and the outstanding works have been re-programmed to the next financial year. As a result the
department has obtained approval to rephase a component of this unspent funding into future years and has also applied for the remaining capital budget to be carried
over into the next financial year.
(i)
Department of State Development, Business and Innovation Annual Report 2013-14
109
Note 28. Ex-gratia expenses
The department has not incurred ex-gratia expenses (2013: nil).
Note 29. Annotated income agreements
The following is a listing of the Financial Management Act 1994 Section 29 annotated income agreements
approved by the Treasurer:
Actual
2014
$’000
2013
$’000
357
1,078
4,050
–
396
–
20
–
4,823
1,078
Commonwealth Specific Purpose Payments
National Urban Water and Desalination Plan : New Melbourne Wholesale
Market Stormwater Harvesting and Reuse Project
Commonwealth National Partnerships Payments
Coal Seam Gas and Large Coal Mining Development
Other Revenue
Regional Victoria Living Expo
Research and Experimental Projects Industry
Total annotated income agreements
Note 30. Trust account balances
(a) Trust account balances relating to trust accounts controlled by the
department
July 2013
$’000
Revenue*
$’000
Expense
$’000
June 2014
$’000
Solar Systems Stage 2*
–
3,000
(3,000)
–
Earth and Energy Trust*
–
6,524
(91)
6,433
Community Regional Industry Skills Program
(CRISP)
1,808
–
–
1,808
Science and Technology Research and
Development Fund
1,605
–
(135)
1,470
Victorian Greenhouse Strategy Funds
103
–
–
103
Victorian Government Business Office
353
–
–
353
Youth Employment Scheme
345
–
(94)
251
9
–
–
9
1,573
74,063
(73,270)
2,366
155
–
–
155
State Trusts
Energy and Earth Resources
Department Working Trust Account (i)
Infrastructure Precincts
Melbourne Major Events
Real Estate Agents Guarantee Fund
Department of State Development, Business and Innovation Annual Report 2013-14
110
July 2013
$’000
Revenue*
$’000
Expense
$’000
June 2014
$’000
27
60
(51)
36
25,103
23,800
(6,540)
42,363
2,630
121
(151)
2,600
2
–
–
2
Workforce Participation Trust
1,406
260
(206)
1,460
CAT General Purpose Trust
1,151
218
(333)
1,036
International Education Trust
2,055
–
(10)
2,045
Small Business Services Policy
113
–
–
113
RDV Projects*
935
16,730
(1,533)
16,132
e-GIF Program
2,000
3,000
(338)
4,662
Greater Geelong Industry Fund
2,000
–
(695)
1,305
CSF Funding – Community Commitments*
–
2,810
(1,546)
1,264
CSF Funding – Victorian Community
Support*
–
1,322
(1,152)
170
Victorian Transactions Refer Program
–
2,000
–
2,000
–
353,806
(127,813)
225,993
Treasury Trust
42
7,140
(7,140)
42
Vicfleet Finance Lease Sales*
92
392
(46)
438
428
(31)
–
397
CarbonNet Funding Agreement #801*
–
3,114
(2,095)
1,019
CarbonNet Funding Agreement #2633*
–
11,498
(882)
10,616
Broadband Broker Program
270
–
(74)
196
Regional Development Australia*
556
3,844
(4,017)
383
–
14,190
–
14,190
2,704
21
(2,724)
1
–
4,997
(3,788)
1,209
(101)
(21)
–
(122)
Lysterfield Levy Trust Fund*
–
3,717
–
3,717
Securities – DTF Trust Fund*
–
–
(9)
(9)
47,364
533,575
(234,733)
346,206
STI Awareness
Project Funds
Ezybiz
Greening Our Automotive Industry
Regional Growth Fund*
Revenue Clearing Account
Commonwealth Trusts
Commonwealth Treasury Trust Fund (ii)
Advanced Lignite Demonstration Program
Agreement
Australian Synchrotron Contributions Fund
Natural Disasters Relief
Administered Trust
Public Service Commuters Club
Total
* Includes Machinery of Government changes.
(i) For the purpose to assist in facilitating, encouraging, promoting and carrying out activities leading to a
balanced economic development of the state. The governing legislation is Sector 19 of the Financial
Management Act 1994.
(ii) For the purpose of holding funds from the Commonwealth Government. The governing legislation is
Sector 19 of the Financial Management Act 1994.
Department of State Development, Business and Innovation Annual Report 2013-14
111
July 2012
$’000
Revenue
$’000
Expense
$’000
June 2013
$’000
Community Regional Industry Skills Program
(CRISP)
2,013
–
(205)
1,808
Science and Technology Research and
Development Fund
1,633
–
(28)
1,605
Victorian Greenhouse Strategy Funds
138
–
(35)
103
Victorian Government Business Office
421
–
(68)
353
Youth Employment Scheme
394
–
(49)
345
9
–
–
9
100
–
(100)
–
1,216
74,755
(74,398)
1,573
155
–
–
155
STI Awareness
45
60
(78)
27
ICT Skills
27
–
(27)
–
Project Funds
5,773
20,432
(1,102)
25,103
Ezybiz
2,658
551
(579)
2,630
10
–
(8)
2
3,032
690
(2,316)
1,406
992
189
(30)
1,151
2,133
–
(78)
2,055
Small Business Services Policy
353
–
(240)
113
RDV Projects
995
–
(60)
935
e-GIF Program
–
2,000
–
2,000
Greater Geelong Industry Fund
–
2,000
–
2,000
42
–
–
42
Vicfleet Finance Lease Sales
(28)
120
–
92
Revenue Clearing Account
423
5
–
428
Broadband Broker Program
347
38
(115)
270
Regional Development Australia
762
1,519
(1,725)
556
2,613
591
(500)
2,704
(155)
54
–
(101)
26,101
103,004
(81,741)
47,364
State Trusts
Department Working Trust Account (i)
Infrastructure Precincts
Recoup trusts
Melbourne Major Events
Real Estate Agents Guarantee Fund
Greening Our Automotive Industry
Workforce Participation Trust
CAT General Purpose Trust
International Education Trust
Treasury Trust
Commonwealth Trusts
Commonwealth Treasury Trust Fund (ii)
Australian Synchrotron Contributions Fund
Administered Trust
Public Service Commuters Club
Total
(i)
For the purpose to assist in facilitating, encouraging, promoting and carrying out activities leading to a
balanced economic development of the State of Victoria. The governing legislation is Section 19 of the
Financial Management Act 1994.
Department of State Development, Business and Innovation Annual Report 2013-14
112
(ii) For the purpose of holding funds from the Commonwealth Government. The governing legislation is
Section 19 of the Financial Management Act 1994.
(b) Trust account cash balances
The following is a list of cash held in trust account balances relating to trusts controlled and administered by
the department.
(i)
2014
$’000
2013
$’000
6,403
–
82,269
40,048
236,143
–
22,710
275
41
41
Vic Fleet Finance Lease Sales
365
57
Revenue Clearing Account
397
429
–
2,706
348,328
43,556
Lysterfield Levy Trust Fund
450
–
Securities – DTF Trust Fund
139
–
(122)
(101)
467
(101)
Controlled trusts
Energy and Earth Resources
Department Working Trust Account
Regional Growth Fund
Commonwealth Treasury Trust Account
Treasury Trust Account
Australian Synchrotron Contributions Fund
Total controlled trusts
(ii)
Administered trusts
Public Service Commuters Club Trust
Total administered trusts (Note 3)
The department’s portion of the Public Service Commuters Club Trust is temporarily in deficit due to the
timing between the purchase of travel tickets and reimbursement from employees. The Trust’s working
capital is funded by DTF, and the overall trust balance is in surplus.
(c) Trust accounts opened and closed by the department
During the 2014 financial year the following Trust Accounts were opened:
 Regional Growth Fund, CSF Funding – Community Commitments, CSF Funding – Victorian Community
Support, CarbonNet Funding
 Agreements, Solar Systems Stage 2, Earth and Energy Trust, Natural Disasters Relief, Victorian
Transactions Refer Program
 Lysterfield Levy Trust Fund and Advanced Lignite Demonstration Program Agreement.
During the 2014 financial year the Australian Synchrotron Contributions Fund was closed.
The governing legislation is Section 19 of the Financial Management Act 1994.
Department of State Development, Business and Innovation Annual Report 2013-14
113
Note 31. Responsible persons
In accordance with the Ministerial Directions issued by the Minister for Finance under the Financial
Management Act 1994, the following disclosures are made regarding responsible persons for the reporting
period.
Names
The persons who held the positions of Ministers and Accountable Officer in the department are as follows:
Minister for Innovation, Services and
Small Business
The Hon Louise Asher MP
2 December 2010 to 17 March
2014
Minister for Innovation
The Hon Louise Asher MP
17 March 2014 to 30 June
2014
Minister for Tourism and Major Events
The Hon Louise Asher MP
2 December 2010 to 30 June
2014
Minister for Employment and Trade
The Hon Louise Asher MP
13 March 2013 to 30 June
2014
Minister for Major Projects
The Hon David Hodgett MP
13 March 2013 to 30 June
2014
Minister for Regional Cities
The Hon Dr Denis Napthine
MP
2 December 2010 to 30 June
2014
Minister for Manufacturing
The Hon David Hodgett MP
13 March 2013 to 30 June
2014
Minister for State Development
The Hon Peter Ryan MP
13 March 2013 to 30 June
2014
Minister for Regional and Rural
Development
The Hon Peter Ryan MLA
2 December 2010 to 30 June
2014
Minister for Technology
The Hon Gordon Rich-Phillips
MLC
2 December 2010 to 30 June
2014
Minister responsible for the Aviation
Industry
The Hon Gordon Rich-Phillips
MLC
2 December 2010 to 30 June
2014
Minister for Small Business
The Hon Russell Northe MP
17 March 2014 to 30 June
2014
Minister for Energy and Resources
The Hon Russell Northe MP
17 March 2014 to 30 June
2014
Minister for Energy and Resources
The Hon Nicholas Kotsiras MP 13 March 2013 to 17 March
2014
Secretary
Mr Howard Ronaldson
14 May 2008 to 30 June 2014
Remuneration
Total remuneration received or receivable by the accountable officer in connection with the management of
the department during the reporting period was in the range $420,000 to $429,999 (2013: $430,000 –
$439,999).
Other related transactions and loans requiring disclosure under the Directions of the Minister for Finance
have been considered and there are no matters to report.
Amounts relating to Ministers are reported in the financial statements of the Department of Premier and
Cabinet.
Department of State Development, Business and Innovation Annual Report 2013-14
114
Note 32. Remuneration of executives and payments to other
personnel
(a) Remuneration of executives
The number of executive officers, other than ministers and accountable officers, and their total remuneration
during the reporting period are shown in the first two columns in the table below in their relevant income
bands. The base remuneration of executive officers is shown in the third and fourth columns. Base
remuneration is exclusive of bonus payments, long service leave payments, redundancy payments and
retirement benefits. The total annualised employee equivalent provides a measure of full-time equivalent
executive officers over the reporting period.
Several factors have affected total remuneration payable to executives during the year. The Office of State
Development was created which resulted in the filling of two of three executive officer positions. In addition, a
number of employment contracts were renewed during the year.
The Premier approved an annual adjustment to executive officer remuneration of 2.5 per cent for the 201314 financial year. Bonus payments were also paid to eligible executive officers as part of their performance
review for 2013-14.
A number of executive officers retired or resigned in the past year. This has had a significant impact on total
remuneration figures due to the inclusion of annual leave, and long service leave payments.
Total Remuneration
Base Remuneration
2014
No.
2013
No.
2014
No.
2013
No.
17
8
21
10
$100,000 – $109,999
2
–
1
1
$110,000 – $119,999
1
2
1
2
$120,000 – $129,999
–
–
1
–
$130,000 – $139,999
–
1
–
–
$140,000 – $149,999
4
–
2
1
$150,000 – $159,999
4
3
2
3
$160,000 – $169,999
3
3
6
1
$170,000 – $179,999
4
3
6
5
$180,000 – $189,999
6
1
2
–
$190,000 – $199,999
2
1
3
5
$200,000 – $209,999
2
5
4
1
$210,000 – $219,999
4
1
3
–
$220,000 – $229,999
3
–
1
–
$230,000 – $239,999
2
3
2
4
$240,000 – $249,999
1
1
2
1
$250,000 – $259,999
2
1
–
–
$260,000 – $269,999
–
–
2
–
$270,000 – $279,999
1
–
1
1
$280,000 – $289,999
2
–
3
1
Income Band
$0 – $99,999
Department of State Development, Business and Innovation Annual Report 2013-14
115
Total Remuneration
Base Remuneration
2014
No.
2013
No.
2014
No.
2013
No.
$290,000 – $299,999
2
–
–
–
$300,000 – $309,999
1
2
–
–
$310,000 – $319,999
1
–
1
–
$320,000 – $329,999
–
–
–
1
$330,000 – $339,999
–
–
1
–
$340,000 – $349,999
–
1
–
–
$350,000 – $359,999
1
1
–
1
$360,000 – $369,999
–
–
1
–
$370,000 – $379,999
1
–
–
–
$400,000 – $409,999
–
1
–
–
66
38
66
38
47.9
28.3
47.9
28.3
11,074
6,844
10,300
5,930
Income Band
Total numbers
Total annualised employee equivalent (AEE) (a)
Total amount ($’000)
(a) Annualised employee equivalent is based on working 38 ordinary hours per week over the reporting
period.
(b) Payments to other personnel (i.e. contractors with significant
management responsibilities)
The following disclosures are made in relation to other personnel of the department (i.e. contractors charged
with significant management responsibilities).
Payments have been made to a number of contractors with significant management responsibilities, which
are disclosed in the $10,000 expense band. These contractors are responsible for planning, directing or
controlling, directly or indirectly, the department’s activities.
The change in the total expenses from 2013 to 2014 was mainly driven by new functions being undertaken
by the department in the 2014 reporting period.
Total other personnel
2014
No.
2013
No.
$0 – $99,999
2
1
$110,000 – $119,999
1
–
$130,000 – $139,999
1
–
$140,000 – $149,999
1
–
$160,000 – $169,999
–
1
$180,000 – $189,999
–
1
$190,000 – $199,999
–
1
$230,000 – $239,999
–
1
$280,000 – $289,999
1
1
$290,000 – $299,999
2
–
Expense band
Department of State Development, Business and Innovation Annual Report 2013-14
116
Total other personnel
2014
No.
2013
No.
$310,000 – $319,999
–
1
$350,000 – $359,999
2
–
10
7
2,043
1,446
2014
$’000
2013
$’000
295
274
295
274
Expense band
Total numbers
Total amount (exclusive of GST)
Note 33. Remuneration of auditors
Victorian Auditor General’s Office
Audit of the financial statements
Note 34. Glossary of terms
Amortisation
Amortisation is the expense which results from the consumption, extraction or use over time of a nonproduced physical or intangible asset.
Associates
Associates are all entities over which an entity has significant influence but not control, generally
accompanying a shareholding and voting rights of between 20 per cent and 50 per cent.
Borrowings
Borrowings refers to interest-bearing liabilities mainly raised from public borrowings raised through the
Treasury Corporation of Victoria, finance leases and other interest-bearing arrangements.
Comprehensive result
The net result of all items of income and expense recognised for the period. It is the aggregate of operating
result and other comprehensive income.
Capital asset charge
The capital asset charge represents the opportunity cost of capital invested in the non-financial physical
assets used in the provision of outputs.
Commitments
Commitments include those operating, capital and other outsourcing commitments arising from noncancellable contractual or statutory sources.
Department of State Development, Business and Innovation Annual Report 2013-14
117
Current grants
Amounts payable or receivable for current purposes for which no economic benefits of equal value are
receivable or payable in return.
Depreciation
Depreciation is an expense that arises from the consumption through wear or time of a produced physical or
intangible asset. This expense is classified as a ‘transaction’ and so reduces the ‘net result from transaction’.
Effective interest method
The effective interest method is used to calculate the amortised cost of a financial asset or liability and of
allocating interest income over the relevant period. The effective interest rate is the rate that exactly
discounts estimated future cash receipts through the expected life of the financial instrument, or, where
appropriate, a shorter period.
Employee benefits expenses
Employee benefits expenses include all costs related to employment including wages and salaries, fringe
benefits tax, leave entitlements, redundancy payments, defined benefits superannuation plans and defined
contribution superannuation plans.
Ex-gratia expenses
Ex-gratia expenses mean the voluntary payment of money or other non-monetary benefit (e.g. a write-off)
that is not made either to acquire goods, services or other benefits for DSDBI or to meet a legal liability, or to
settle or resolve a possible legal liability or claim against DSDBI.
Financial asset
A financial asset is any asset that is:
(a) cash;
(b) an equity instrument of another entity;
(c) a contractual or statutory right:
– to receive cash or another financial asset from another entity; or
– to exchange financial assets or financial liabilities with another entity under conditions that are
potentially favourable to the entity; or
(d) a contract that will or may be settled in the entity’s own equity instruments and is:
– a non-derivative for which the entity is or may be obliged to receive a variable number of the entity’s
own equity instruments; or
– a derivative that will or may be settled other than by the exchange of a fixed amount of cash or
another financial asset for a fixed number of the entity’s own equity instruments.
Financial instrument
A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability
or equity instrument of another entity. Financial assets or liabilities that are not contractual (such as statutory
receivables or payables that arise as a result of statutory requirements imposed by governments) are not
financial instruments.
Department of State Development, Business and Innovation Annual Report 2013-14
118
Financial liability
A financial liability is any liability that is:
(a) A contractual or statutory obligation:
(i)
To deliver cash or another financial asset to another entity; or
(ii) To exchange financial assets or financial liabilities with another entity under conditions that are
potentially unfavourable to the entity; or
(b) a contract that will or may be settled in the entity’s own equity instruments and is:
– a non-derivative for which the entity is or may be obliged to receive a variable number of the entity’s
own equity instruments; or
– a derivative that will or may be settled other than by the exchange of a fixed amount of cash or
another financial asset for a fixed number of the entity’s own equity instruments. For this purpose the
entity’s own equity instruments do not include instruments that are themselves contracts for the
future receipt or delivery of the entity’s own equity instruments.
Financial statements
Depending on the context of the sentence where the term ‘financial statements’ is used, it may include only
the main financial statements (i.e. comprehensive operating statement, balance sheet, cash flow statements,
and statement of changes in equity); or it may also be used to replace the old term ‘financial report’ under
the revised AASB 101 (Sept 2007), which means it may include the main financial statements and the notes.
Grants and other transfers
Transactions in which one party provides goods, services, assets (or extinguishes a liability) or labour to
another party without receiving approximately equal value in return. Grants can either be operating or capital
in nature. While grants to governments may result in the provision of some goods or services to the
transferor, they do not give the transferor a claim to receive directly benefits of approximately equal value.
Receipt and sacrifice of approximately equal value may occur, but only by coincidence. For example,
governments are not obliged to provide commensurate benefits, in the form of goods or services to particular
taxpayers in return for their taxes. For this reason, grants are referred to by the AASB as involuntary
transfers and are termed non reciprocal transfers.
Grants can be paid as general purpose grants which refer to grants that are not subject to conditions
regarding their use. Alternatively, they may be paid as specific purpose grants which are paid for a particular
purpose and/or have conditions attached regarding their use.
General Government sector
The General Government sector comprises all Government departments, offices and other bodies engaged
in providing services free of charge or at prices significantly below their cost of production. General
Government services include those which are mainly non-market in nature, those which are largely for
collective consumption by the community and those which involve the transfer or redistribution of income.
These services are financed mainly through taxes, or other compulsory levies and user charges.
Grants for on passing
All grants paid to one institutional sector (e.g. a state General Government) to be passed on to another
institutional sector (e.g. local government or a private non profit institution).
Department of State Development, Business and Innovation Annual Report 2013-14
119
Intangible produced assets
Refer to produced assets in this glossary.
Intangible non-produced assets
Refer to non-produced assets in this glossary.
Interest expense
Costs incurred in connection with the borrowing of funds. Interest expenses include interest on bank
overdrafts and short term and long-term borrowings, amortisation of discounts or premiums relating to
borrowings, interest component of finance leases repayments, and the increase in financial liabilities and non
employee provisions due to the unwinding of discounts to reflect the passage of time.
Interest income
Interest income includes unwinding over time of discounts on financial assets and interest received on bank
term deposits and other investments.
Investment properties
Investment properties represent properties held to earn rentals or for capital appreciation or both. Investment
properties exclude properties held to meet service delivery objectives of the State of Victoria.
Joint ventures
Joint ventures are contractual arrangements between the department and one or more other parties to
undertake an economic activity that is subject to joint control. Joint control only exists when the strategic
financial and operating decisions relating to the activity require the unanimous consent of the parties sharing
control (the venturers).
Net acquisition of non-financial assets (from transactions)
Purchases (and other acquisitions) of non financial assets less sales (or disposals) of non financial assets
less depreciation plus changes in inventories and other movements in non financial assets. Includes only
those increases or decreases in non financial assets resulting from transactions and therefore excludes write
offs, impairment write downs and revaluations.
Net result
Net result is a measure of financial performance of the operations for the period. It is the net result of items
of income, gains and expenses (including losses) recognised for the period, excluding those that are
classified as ‘other economic flows – other comprehensive income’.
Net result from transactions/net operating balance
Net result from transactions or net operating balance is a key fiscal aggregate and is income from
transactions minus expenses from transactions. It is a summary measure of the ongoing sustainability of
operations. It excludes gains and losses resulting from changes in price levels and other changes in the
volume of assets. It is the component of the change in net worth that is due to transactions and can be
attributed directly to Government policies.
Department of State Development, Business and Innovation Annual Report 2013-14
120
Net worth
Assets less liabilities, which is an economic measure of wealth.
Non-financial assets
Non-financial assets are all assets that are not ‘financial assets’. It includes inventories, land, buildings,
infrastructure, road networks, land under roads, plant and equipment, investment properties, cultural and
heritage assets, and intangible assets.
Non-produced assets
Non produced assets are assets needed for production that have not themselves been produced. They
include land, subsoil assets, and certain intangible assets. Non produced intangibles are intangible assets
needed for production that have not themselves been produced. They include constructs of society such as
patents.
Other economic flows are changes in the volume or value of an asset or liability that do not result from
transactions. It includes:
 gains and losses from disposals, revaluations and impairments of non financial physical and intangible
assets;
 fair value changes of financial instruments and agricultural assets; and
 depletion of natural assets (non produced) from their use or removal.
Other economic flows – other comprehensive income
Other economic flows – other comprehensive income comprises items (including reclassification
adjustments) that are not recognised in net result as required or permitted by other AAS.
The components of other economic flows – other comprehensive income include:
 change in physical asset revaluation surplus;
 share of net movement in revaluation surplus of associates and joint venturers; and
 gains and losses on remeasuring available-for-sale financial assets.
Payables
Includes short and long-term trade debt and accounts payable, grants and interest payable.
Produced assets
Produced assets include buildings, plant and equipment, inventories, cultivated assets and certain intangible
assets. Intangible produced assets may include computer software, motion picture films, and research and
development costs (which do not include the start up costs associated with capital projects).
Public financial corporation sector
Public financial corporations (PFCs) are bodies primarily engaged in the provision of financial intermediation
services or auxiliary financial services. They are able to incur financial liabilities on their own account (e.g.
taking deposits, issuing securities or providing insurance services). Estimates are not published for the public
financial corporation sector.
Department of State Development, Business and Innovation Annual Report 2013-14
121
Public non financial corporation sector
The public non financial corporation (PNFC) sector comprises bodies mainly engaged in the production of
goods and services (of a non-financial nature) for sale in the market place at prices that aim to recover most
of the costs involved (e.g. water and port authorities). In general, PNFC’s are legally distinguishable from
governments which own them.
Quasi corporation
An unincorporated enterprise that functions as if it were a corporation, has the same relationship with its
owner as a corporation, and keeps a separate set of accounts.
Receivables
Includes amounts owing from Government through appropriation receivable, short and long-term trade credit
and accounts receivable, accrued investment income, grants, taxes and interest receivable.
Sales of goods and services
Refers to income from the direct provision of goods and services and includes fees and charges for services
rendered, sales of goods and services, fees from regulatory services, work done as an agent for private
enterprises. It also includes rental income under operating leases and on produced assets such as buildings
and entertainment, but excludes rent income from the use of non produced assets such as land. User
charges includes sale of goods and services income.
Supplies and services
Supplies and services generally represent cost of goods sold and the day to day running costs, including
maintenance costs, incurred in the normal operations of the department.
Transactions
Transactions are those economic flows that are considered to arise as a result of policy decisions, usually an
interaction between two entities by mutual agreement. They also include flows within an entity such as
depreciation where the owner is simultaneously acting as the owner of the depreciating asset and as the
consumer of the service provided by the asset. Taxation is regarded as mutually agreed interactions
between the Government and taxpayers. Transactions can be in kind (e.g. assets provided/given free of
charge or for nominal consideration) or where the final consideration is cash. In simple terms, transactions
arise from the policy decisions of the Government.
Style conventions
Figures in the tables and in the text have been rounded. Discrepancies in tables between totals and sums of
components reflect rounding. Percentage variations in all tables are based on the underlying unrounded
amounts.
The notation used in the tables is as follows:
–
Zero, or rounded to Zero
(xxx)
negative numbers
20xx
year period
The financial statements and notes are presented based on the illustration for a Government department in
the 2013-14 Model Report for Victorian Government Departments. The presentation of other disclosures is
generally consistent with other disclosures made in earlier publications of the department’s annual reports.
Department of State Development, Business and Innovation Annual Report 2013-14
122
Accountable Officer’s and Chief Finance Officer’s
Declaration
We certify that the attached financial report for the Department of State Development, Business and
Innovation has been prepared in accordance with Standing Direction 4.2 of the Financial Management Act
1994, applicable Financial Reporting Directions, Australian Accounting Standards and other mandatory
professional reporting requirements.
We further state that, in our opinion, the information set out in the Comprehensive Operating Statement,
Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes forming part of the
financial report, presents fairly the financial transactions during the year ended 30 June 2014 and financial
position of the department as at 30 June 2014.
We are not aware of any circumstance which would render any particulars included in the financial
statements to be misleading or inaccurate.
We authorise the attached financial report for issue on the 4 September 2014.
Howard Ronaldson
Secretary
Department of State Development, Business and
Innovation
Melbourne
4 September 2014
Jim Strilakos
Chief Finance Officer
Department of State Development, Business
and Innovation
Melbourne
4 September 2014
Department of State Development, Business and Innovation Annual Report 2013-14
123
Auditor-General’s report
Victorian Auditor-General’s Office
Level 24, 35 Collins Street
Melbourne VIC 3000
Telephone 61 3 8601 7000
Facsimile 6138601 7010
Email comments@audit.vic.gov.au
Website www.audit.vic.gov.au
INDEPENDENT AUDITOR’S REPORT
To the Secretary, Department of State Development, Business and Innovation
The Financial Report
The accompanying financial report for the year ended 30 June 2014 of the Department of State
Development, Business and Innovation which comprises the comprehensive operating statement, balance
sheet, statement of changes in equity, cash flow statement, notes comprising a summary of significant
accounting policies and other explanatory information, and the accountable officer’s and chief finance
officer’s declaration has been audited.
The Secretary’s Responsibility for the Financial Report
The Secretary of the Department of State Development, Business and Innovation is responsible for the
preparation and fair presentation of the financial report in accordance with Australian Accounting Standards,
and the financial reporting requirements of the Financial Management Act 1994, and for such internal control
as the Secretary determines is necessary to enable the preparation and fair presentation of the financial
report that is free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
As required by the Audit Act 1994, my responsibility is to express an opinion on the financial report based on
the audit, which has been conducted in accordance with Australian Auditing Standards. Those standards
require compliance with relevant ethical requirements relating to audit engagements and that the audit be
planned and performed to obtain reasonable assurance about whether the financial report is free from
material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial report. The audit procedures selected depend on judgement, including the assessment of the risks
of material misstatement of the financial report, whether due to fraud or error. In making those risk
assessments, consideration is given to the internal control relevant to the entity’s preparation and fair
presentation of the financial report in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal
control. An audit also includes evaluating the appropriateness of the accounting policies used and the
reasonableness of accounting estimates made by the· Secretary, as well as evaluating the overall
presentation of the financial report.
I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit
opinion.
Department of State Development, Business and Innovation Annual Report 2013-14
124
Independence
The Auditor-General’s independence is established by the Constitution Act 1975. The AuditorGeneral is not
subject to direction by any person about the way in which his powers and responsibilities are to be
exercised. In conducting the audit, the Auditor-General, his staff and delegates complied with all applicable
independence requirements of the Australian accounting profession.
Opinion
In my opinion, the financial report presents fairly, in all material respects, the financial position of the
Department of State Development, Business and Innovation as at 30 June 2014 and of its financial
performance and its cash flows for the year then ended in accordance with applicable Australian Accounting
Standards, and the financial reporting requirements of the Financial Management Act 1994.
Matters Relating to the Electronic Publication of the Audited Financial Report
This auditor’s report relates to the financial report of the Department of State Development, Business and
Innovation for the year ended 30 June 2014 included both in the Department of State Development,
Business and Innovation’s annual report and on the website. The Secretary is responsible for the integrity of
the Department of State Development, Business and Innovation’s website. I have not been engaged to
report on the integrity of the Department of State Development, Business and Innovation’s website. The
auditor’s report refers only to the subject matter described above. It does not provide an opinion on any other
information which may have been hyperlinked to/from these statements. If users of the financial report are
concerned with the inherent risks arising from publication on a website, they are advised to refer to the hard
copy of the audited financial report to confirm the information contained in the website version of the financial
report.
MELBOURNE
19 September 2014
Department of State Development, Business and Innovation Annual Report 2013-14
Dr Peter Frost
Acting Auditor-General
125
04 Appendices
Contents
Appendix 1: Disclosure index .........................................................................................................................127
Appendix 2: Administrative structure of the Department ................................................................................129
Appendix 3: Departmental objectives, indicators and progress .....................................................................129
Appendix 4: Output groups .............................................................................................................................133
Appendix 5: Financial review of operations and financial conditions .............................................................140
Appendix 6: Grants and related assistance ....................................................................................................141
Appendix 7: Consultancies .............................................................................................................................207
Appendix 8: Budget portfolio outcomes ..........................................................................................................208
Appendix 9: Workforce information ................................................................................................................216
Appendix 10: Human Resource Management ...............................................................................................220
Appendix 11: Human rights and responsibilities charter ................................................................................226
Appendix 12: International Victorian Government Business Offices ..............................................................226
Appendix 13: Implementation of the Victorian Industry Participation Policy ..................................................246
Appendix 14: Office-based environmental impacts ........................................................................................246
Appendix 15: Legislation administered by the Department of State Development, Business and
Innovation .......................................................................................................................................................254
Appendix 16: Freedom of information ............................................................................................................257
Appendix 17: Compliance and Attestations ....................................................................................................258
Compliance with the Building Act 1993 .....................................................................................................258
Compliance with Datavic Access Policy ....................................................................................................258
Compliance with the Disability Act 2006 ...................................................................................................258
Compliance with National Competition Policy ...........................................................................................258
Compliance with the Protected Disclosure Act 2012 (formerly the Whistleblowers Protection Act
2001) ..........................................................................................................................................................259
Declaration of major contracts ...................................................................................................................260
Declaration of pecuniary interest ...............................................................................................................260
Attestation for compliance with the Ministerial Direction 4.5.5.1 – Insurance ...........................................260
Attestation for compliance with the Australian/New Zealand Risk Management Standard ......................260
Appendix 18: Summary of additional departmental information available upon request ...............................261
Appendix 19: Contact details ..........................................................................................................................262
Appendix 20: Departmental acronyms ...........................................................................................................269
Department of State Development, Business and Innovation Annual Report 2013-14
126
Appendix 1: Disclosure index
The annual report of the department is prepared in accordance with all relevant Victorian legislations and
pronouncements. This index has been prepared to facilitate identification of the department’s compliance
with statutory disclosure requirements.
Legislation
Disclosure required
Page
Ministerial Directions
Report of operations – financial reporting direction (FRD) guidance
Charter and purpose
FRD 22E
Manner of establishment and the relevant Ministers
FRD 22E
Objectives, functions, powers and duties
FRD 22E
Nature and range of services provided
7-11
49
7
Management and structure
FRD 22E
Organisational structure
8-11
Financial and other information
FRD 8B
Budget portfolio outcomes
208-216
FRD 10
Disclosure index
127-129
FRD 12A
Disclosure of major contracts
260
FRD 15B
Executive Officer disclosures
217
FRD 22E, SD
4.2(k)
Operational and budgetary objectives and performance against
objectives
FRD 22E
Employment and conduct principles
FRD 22E
Occupational health and safety policy
FRD 22E
Summary of the financial results for the year
140
FRD 22E
Significant changes in financial position during the year
215
FRD 22E
Major changes or factors affecting performance
FRD 22E
Subsequent events
n/a
FRD 22E
Application and operation of the Freedom of Information Act 1982
257
FRD 22E
Compliance with building and maintenance provisions of the Building Act
1993
258
FRD 22E
Statement on National Competition Policy
258
FRD 22E
Application and operation of the Protected Disclosure Act 2012
259
FRD 22E
Application and operation of the Carers Recognition Act 2012
226
FRD 22E
Details of consultancies over $10,000
207
FRD 22E
Details of consultancies under $10,000
207
FRD 22E
Statement of availability of other information
261
FRD 24C
Reporting of office-based environmental data
FRD 25B
Victorian Industry Participation Policy disclosures
FRD 29
Workforce data disclosures
SD 4.5.5
Risk management compliance attestation
Department of State Development, Business and Innovation Annual Report 2013-14
133-140
223
220-222
7
246-253
246
216-220
260
127
Legislation
Disclosure required
SD 4.5.5.1
Ministerial Standing Direction 4.5.5.1 compliance attestation
SD 4.2(g)
Specific information requirements
SD 4.2(j)
Sign-off requirements
Page
260
4-29
4
Financial Report
Financial statements required under Part 7 of the Financial Management Act 1994
SD4.2(a)
Statement of changes in equity
43
SD4.2(b)
Operating statement
41
SD4.2(b)
Balance sheet
42
SD4.2(b)
Cash flow statement
44, 107
Other requirements under Standing Directions 4.2
SD4.2(c)
Compliance with Australian accounting standards and other authoritative
pronouncements
SD4.2(c)
Compliance with Ministerial Directions
SD4.2(d)
Rounding of amounts
SD4.2(c)
Accountable officer’s declaration
SD4.2(f)
Compliance with Model Financial Report
45
123
47
123
45
Other disclosures as required by FRDs in notes to the financial statements
FRD 9A
Departmental disclosure of administered assets and liabilities by activity
FRD 11A
Disclosure of ex-gratia expenses
110
FRD 13
Disclosure of parliamentary appropriations
109
FRD 17B
Wage inflation and discount rates for employee benefits
FRD 21B
Disclosures of responsible persons, executive officers and other
personnel (contractors with significant management responsibilities) in
the financial report
115-117
FRD 26A
Accounting for Vic-Fleet motor vehicle lease arrangements on or after
1 February 2004
94
FRD 102
Inventories
79
FRD 103E
Non-current physical assets
FRD 104
Foreign currency
FRD 105A
Borrowing costs
FRD 106
Impairment of assets
55
FRD 109
Intangible assets
90
FRD 110
Cash flow statement
FRD 112D
Defined benefit superannuation obligations
93
FRD 113
Investments in subsidiaries, jointly controlled entities and associates
89
FRD 114A
Financial instruments – General Government entities and public nonfinancial corporations
FRD 119A
Transfers through contributed capital
FRD 120H
Accounting and reporting pronouncements applicable to 2013-14
reporting period
Department of State Development, Business and Innovation Annual Report 2013-14
76-77
64, 92
81-88
65
63, 92
44, 107
97-106
43
66-69
128
Legislation
Disclosure required
Page
Legislation
Building Act 1983
258
Carers Recognition Act 2012
226
Charter of Human Rights and Responsibilities Act 2006
226
Disability Act 2006
258
Financial Management Act 1994
45
Freedom of Information Act 1982
257
Multicultural Victoria Act 2011
225
Protected Disclosure Act 2012
259-259
Public Administration Act 2004
7, 223
Victorian Industry Participation Policy Act 2003
Other legislation administered by the department
246
254-257
Appendix 2: Administrative structure of the
Department
The administrative structure of the department as at 30 June 2014 is represented on pages 8-11 of this
report. A current version is also available at the Department of State Development, Business and Innovation
website (dsdbi.vic.gov.au).
Appendix 3: Departmental objectives, indicators
and progress
As outlined in the 2013-14 Budget Paper No. 3 Service Delivery, the department’s objectives, indicators and
progress on those indicators are outlined below.
Assist businesses in accessing skilled workers to align with
Victoria’s industry needs
The indicator for this objective is ‘business skills needs assisted’.
The department’s Business Engagement Model underpins the way DSDBI interacts with industry.
Through this model, the department develops close working relationships with individual businesses to
enable the Government to better target support and tailor responses to the specific needs of businesses.
This includes training and re-training issues, labour market issues such as employee relations, labour
shortages, skilled migration, workforce development, redundancy/retrenchment and a range of skills-based
programs and services.
In 2013-14, the department:
 assisted 1,300 businesses with skills needs, exceeding the target of 1,200 businesses
 achieved 73 per cent of state sponsored skilled migrants working in their nominated field, exceeding the
70 per cent target
Department of State Development, Business and Innovation Annual Report 2013-14
129
 reduced the average processing time for state sponsorship of skilled migration applications to 17 days,
well below the target of 28 days
 met its annual target of 85 per cent client satisfaction with migration services provided.
Promote Victoria to attract tourists, investors and students
The indicator for this objective is ‘tourists, investors and students attracted’.
In 2013-14, the department:
 implemented a campaign to support the Open Up to More – Melbourne Campaign, as part of Victoria’s
China Tourism Strategy to attract Chinese visitors to the state
 continued to implement the Play Melbourne domestic marketing campaign in key interstate markets
 released Victoria’s 2020 Tourism Strategy and Victoria’s Regional Tourism Strategy 2013-2016
 developed the 2013-2016 Regional Tourism Partnership Program
 developed a cooperative marketing campaign with the National Gallery of Victoria (NGV) and Australian
Centre for Moving Image (ACMI) to promote the 2013 Melbourne Winter Masterpieces. A total of 27 per
cent of attendees at Monet’s Garden (staged at NGV) and the Hollywood Costumes Exhibition (staged at
ACMI) were visitors from outside the state
 participated in Tourism Australia’s global Restaurant Australia Campaign.
International visitor expenditure in Victoria for the year ending March 2014 (latest available data) grew to
$4.8 billion compared to $4.5 billion in 2012-13, with strong growth from most key markets such as China.
Regional Victoria experienced an increase in domestic visitor expenditure to $7.2 billion in 2013-14 from $7
billion in 2012-13. Victoria experienced growth in the number of domestic overnight visitors to 19.1 million in
2013-14 from 17.8 million visitors in 2012-13.
Victoria has met its target of attracting 28 per cent of international students to Australia. In October 2013, the
Government released the IES which outlines an integrated approach to supporting Victorian providers so
they are best positioned to maintain market share into the longer term.
The department also met its target of four international marketing campaigns, with Victoria Week events held
in the UK, Dubai and Mumbai and China to promote the state’s trade and investment opportunities.
Support organisations to boost their productivity through
innovation
The indicator for this objective is ‘collaborations assisted’.
During 2013-14, the department launched several programs that directly contributed to this objective,
including:
 Driving Business Innovation Program – links Victorian businesses with opportunities to develop
innovative products and services for the Victorian public sector
 eServices Register – a new gateway that provides a simplified process for Victorian ICT companies
bidding for government work, and allows the Government to make more informed purchasing decisions
from a greater range of suppliers as well as monitor the range and scope of eServices engagements
 the $12 million Technology Innovation Fund – supports collaborative projects that harnessed new
technologies and transformed government service delivery, while responding to changing citizen
expectations and improving productivity in the public sector.
Department of State Development, Business and Innovation Annual Report 2013-14
130
In 2013-14, the department:
 provided 297 businesses with R&D assistance, exceeding its target of 180 businesses
 linked 691 companies to business networks, exceeding its target of 300 businesses.
The Government’s IVP and MPN Grants programs have been the main contributors to this indicator. The IVP
improves the capacity of Victorian SMEs to innovate in order to achieve greater productivity and
competitiveness. In 2013-14, 154 vouchers were awarded to assist companies to develop new products,
processes and services through access to R&D services and improved innovation skills. The MPN Program
encourages SMEs to cooperate in strategic areas of business and exploit opportunities beyond the reach of
each individual business. Over the year the program executed grants worth a total value of $1.7 million to 18
networks and 316 businesses.
Film Victoria also supported this objective indicator and significantly exceeded its 2013-14 targets,
supporting increased film, television and digital media productions worth $183 million, well above the annual
target of $75 million. These productions provided additional employment of 8,339 jobs, compared to a target
of 2,100 jobs.
Provide market intelligence and assistance to organisations
to make it easy to invest in Victoria
The indicators for this objective are ‘investment facilitated’ and ‘jobs derived’.
Attracting investment drives job creation, technology uptake, skill and product development and capital
growth – all of which are important contributors to the state’s economic strength. To secure investment, the
department provides a range of facilitation services, such as specialist advice and assistance with
development approvals, site identification services, and advice on infrastructure and utility provision.
In 2013-14 the department exceeded its targets for jobs and investment facilitated. The department attracted
$2.6 billion in capital investment compared to $2.2 billion in 2012-13. In 2013-14 it is expected that the
capital investment will generate 6,300 jobs compared to 4,737 jobs in 2012-13.
Over $1 billion of the investment in 2013-14 was facilitated from regional Victoria along with 2,910 jobs
compared to 1,937 jobs in 2012-13.
Major contributors to the 2013-14 results were investment by the Epworth Hospital, Alstom Australia and the
ALDP. Many of these investments were supported by the VGBOs and the regional offices.
Major Projects
The department is responsible for the delivery of complex, technically challenging and unique projects of
state significance. In 2013-14 the department was delivering 13 projects with a total state investment of $1.6
billion and a combined value of approximately $2.2 billion. These included the Melbourne Markets Relocation
Project, Melbourne Park Redevelopment, Shrine: Galleries of Remembrance, Parkville Gardens, Kew
Residential Services Project and the VEMTC.
The highlights in 2013-14 were the delivery of the VEMTC and the continued progress on the Shrine:
Galleries of Remembrance Project ahead of schedule.
MOG changes
As a result of MOG changes, the ‘energy and earth resources’ and ‘regional development and regional cities’
outputs were transferred to the department in 2013-14. These outputs and their measures were aligned with
Department of State Development, Business and Innovation Annual Report 2013-14
131
the ‘Provide market intelligence and assistance to organisations to make it easy to invest in Victoria’
objective for the 2013-14 financial year.
Energy and Earth Resources
Significant progress was made under the ALDP in 2013-14. This program funds the development of precommercial brown coal technologies to provide high-value energy products from Victoria’s vast coal reserves
for both domestic and export markets. The new projects will contribute $346 million to the ‘new investments
facilitated in regional Victoria’ measure.
During the 2013-14 year, the department held 24 stakeholder forums and community engagement sessions
compared to the target of 15 under the ‘delivery of stakeholder engagement information forums’ output
measure as part of the Clean Coal Victoria work program. The increased number of sessions was to engage
the community and provide more information about the possible future development of onshore natural gas
including coal seam gas.
During 2013-14, the department’s corporate objectives and performance measures structure was reviewed
to reflect the work under the energy and resources output.
Regional Development and Regional Cities
RDV continues to implement the $1 billion RGF to drive investment and jobs in regional Victoria. In 2013-14
regional Victoria generated over $1 billion of new investment, representing more than 40 per cent of the
statewide result. A total of 2,910 jobs were created in regional Victoria in 2013-14 which is over 45 per cent
of the state total and an increase from 1,937 jobs created in 2012-13.
Projects approved under the Economic Infrastructure and Putting Locals First Programs exceeded their
targets for 2013-14, demonstrating the calibre of projects put forward and increased awareness of these
programs through effective stakeholder management.
Create more opportunities for Victorian businesses to grow
and become more productive and competitive in the global
marketplace
The indicators for this objective are ‘exports facilitated’ and ’businesses engaged and assisted’.
The value of exports facilitated and imports replaced grew to $1.9 billion in 2013-14 compared to $1.55
billion in 2012-13 due to strong outcomes from trade missions facilitated by the department in 2013-14,
including four STMs (India, China, South-East Asia, the Middle East and Turkey). The number of businesses
participating in export programs also increased to 2,839 businesses in 2013-14 from 2,685 in 2012-13.
The department engaged with 13,000 businesses in 2013-14 exceeding the target of 12,000. New
organisational arrangements led to an improvement in delivery during the second half of the financial year.
Business engagement builds close working relationships with individual businesses to enable the
Government to better target support and tailor responses to the specific needs of businesses to invest, grow
and export. The department uses the business intelligence collected from this engagement to work with firms
to address enterprise level constraints, and work with other departments and agencies to resolve more
systemic issues. This information also informs the department’s advocacy and policy advice in areas of
regulation, infrastructure and labour and skills policy.
Department of State Development, Business and Innovation Annual Report 2013-14
132
Business Victoria Online (BVO) supports businesses to save time and money on compliance, solve business
problems and develop skills to help them grow. In 2013-14, business interactions through BVO significantly
exceeded expectations with nearly 1.2 million interactions compared to 736,000 in 2012-13.
The Office of the Victorian Small Business Commissioner also assists small and medium businesses with
dispute resolution and aims to promote a competitive and fair operating environment for Victorian
businesses. In 2013-14 the office received a client satisfaction rating of over 90 per cent exceeding its target
of 80 per cent. The proportion of business disputes presented to the Commissioner successfully mediated
was over 80 per cent in 2013-14 which also exceeded its target of 75 per cent.
Appendix 4: Output groups
As a result of MOG changes in April 2013:
 the ‘Energy and Resources’ and ‘Regional Development and Regional Cities’ outputs and output
measures have been incorporated into the department’s output structure for 2013-14 and are reported
against in the table below
 a performance measure relating to WoVG ICT has been incorporated into the department’s output
structure for 2013-14 and is reported against in the table below
 a performance measure relating to industrial relations has been transferred to DTF.
Note: The output costs below include Tourism Victoria and Film Victoria, and will not match with Note 2 of
the Financial Statements which relate to the operations of the department only.
Output
Group
Performance Indicator
Unit of Measure
2013-14
Target
2013-14
Actual
number
1,200
1,300
Employment
Quantity
Businesses assisted with skills needs
Higher than anticipated demand due to the announced closure of car makers in Victoria
Government Youth Employment Scheme
(YES) – traineeships commenced
number
450
412
There was slightly lower than anticipated placement of YES trainees in some departments for
a range of reasons including the availability of supervisors and organisational changes.
Unused funds will be re-applied to future years to support additional trainees
Quality
Proportion of skilled migrants working in
nominated field
per cent
70
73
Skilled Migration Victoria – client
satisfaction with services provided
per cent
85
85
working days
28
17
Timeliness Skilled Migration Victoria – average
processing time for state sponsorship
applications
Applications are being processed faster due to efficiencies with information and
communication technologies
Cost
Total output cost
$ million
15.3
11.1
The underspend in the Employment Output is primarily due to changes in the timing of
payments across a number of initiatives but mainly the newer programs of Employment Start
Up and Victorian Employment Solutions
Department of State Development, Business and Innovation Annual Report 2013-14
133
Output
Group
Unit of Measure
2013-14
Target
2013-14
Actual
number
4
4
Number of visitors: domestic overnight
number (million)
18.3
19.1
Number of visitors: international
number (million)
1.9
2.0
Performance Indicator
Tourism and Marketing
Quantity
International marketing campaigns to
position Victoria globally
Victoria had a higher number of visitors than anticipated from key markets such as China
Proportion of all international students
studying in Victoria
per cent
28
28.4
Visitor Expenditure: domestic
$ billion
15
15.1
Visitor Expenditure: international
$ billion
4.6
4.8
Visitor Expenditure: regional Victoria
(domestic)
$ billion
7.1
7.2
Visitor Expenditure: regional Victoria
(international)
$ million
370
316
This reduction primarily relates to a fall in expenditure from traditional western markets.
Growing visitation to Victoria is from the eastern hemisphere markets who do not typically
disperse into regional Victoria
Quality
Value of media coverage generated:
domestic
$ million
20
21
Higher value than anticipated due to the online campaign RCT, and high-value television
coverage including Paddock to Plate, Coast Australia, Sunrise and Today Show
Value of media coverage generated:
International
$ million
40
56.8
Higher value than anticipated due to the online campaign RCT and one-off, high-value
broadcast opportunities in Korea, UK and Japan
Cost
Victoria’s share of domestics tourism
advertising awareness among target
markets: intrastate
per cent
16
16.6
Victoria’s share of domestics tourism
advertising awareness among target
markets: interstate
per cent
25
25
$ million
82.7
159.9
Total output cost
Higher than budget expenditure reflects funding received for major events activities such as
Formula 1 Australian Grand Prix, Australian Open, theatre productions and other major events
that were not included in the Tourism and Marketing Outputs published budget
Innovation and technology
Quantity
Additional employment from production
supported by Film Victoria
number
2,100
8,339
Victorian producers secured finance for a greater number of projects than anticipated,
enabling Film Victoria to support increased production and employment
Average number of monthly visits to
vic.gov.au
number
300,000
245,849
The lower than expected result reflects the removal of duplicate content which is now
available on other government sites
Businesses provided with R&D assistance
number
Department of State Development, Business and Innovation Annual Report 2013-14
180
297
134
Output
Group
Performance Indicator
Unit of Measure
2013-14
Target
2013-14
Actual
Greater than anticipated uptake of assistance primarily as a result of the Innovation and
Technology Voucher Program
Companies linked to business networks
number
300
691
Higher than anticipated due to the MPN Grants and the Innovation and Technology Voucher
Program
Operational Infrastructure Support grants under
management
number
12
12
Value of film, television and digital media
production supported by Film Victoria production
$ million
75
183.01
Victorian producers secured finance for a greater number of projects than anticipated,
enabling Film Victoria to support increased production
Establishment or renewal of WoVG ICT contracts
number
7
10
The number of government ICT contracts renegotiated was higher than expected, including
software licensing and reseller arrangements
Quality
Customer satisfaction with information
services from Information Victoria
Cost
Total output cost
per cent
90
88.4
$ million
181.5
184.7
number
4,250
6,301
Investment Attraction, Facilitation and Major Projects
Quantity
Jobs derived from investment facilitated
Higher than anticipated due to a number of employment intensive facilitated investment
projects, including in regional Victoria
Jobs derived from investment facilitated in regional
Victoria
number
800
2,910
Additional programs were facilitated through the Victorian Business Flood Recovery Fund and
the Latrobe Valley Infrastructure and Industry Fund
New investments facilitated
$ million
2,000
2,604
Higher than anticipated investments facilitated including high-value capital intensive projects
relating to the health, transport and energy sectors
New investment facilitated in regional Victoria
$ million
660
1,094
Higher than anticipated investments facilitated in regional Victoria, including two high-value
capital intensive projects relating to the health and transport sectors
Quality
Number of major research and evaluation projects
completed
number
6
6
Management of Major Projects Victoria projects
complies with contracted scope*
* Assessment of performance for this measure
reflects whether there has been any material
variation to contracted scope from the start to the
end of the financial year
number
6:6
4:6
Four out of six projects had minimal or no variation to contracted scope. Two projects had
material variations to scope, both of which were agreed with the client. The contracted scope
for the Melbourne Park Redevelopment - Western Precinct (stage one) has increased for
works that have been requested and funded primarily by Melbourne and Olympic Parks Trust
and Tennis Australia. The contracted scope for the Kew Residential Services Project was
varied to exclude the Heritage Core site. The Heritage Core site will be returned to the state to
undertake any further development
Department of State Development, Business and Innovation Annual Report 2013-14
135
Output
Group
Performance Indicator
Unit of Measure
Management of Major Projects Victoria projects
complies with contracted cost*
* Assessment of performance for this measure
reflects any contracted cost variation greater than
5 per cent for projects from the start to the end of
the financial year. A variance can occur if a project
is delivered under or over budget
2013-14
Target
2013-14
Actual
6:6
3:6
number
Three out of six projects had minimal or no variation to contracted cost. Three projects varied
against contracted cost by five per cent or more. The contracted cost for the Shrine: Galleries
of Remembrance has been reduced because some items included in the contract were not
required. The contracted cost for the Melbourne Park Redevelopment - Western Precinct
(stage one) has increased for works that have been requested and funded primarily by
Melbourne and Olympic Parks Trust and Tennis Australia. Scope changes for the Kew
Residential Services Project in 2012-13 and 2013-14 led to additional payments to be
received by the state of $4.85 million and $4.3 million, primarily relating to development
changes.
Melbourne Markets Relocation Project complies
with scope, budget and time
Timeliness Management of Major Projects complies with
contracted time*
* Assessment of performance for this measure reflects
any contracted time variation greater than 5 per cent
for projects from the start to the end of the financial
year. A variance can occur if a project is delivered
early or late
number
3:3
3:3
number
6:6
4:6
Four out of six projects had minimal or variation to contracted time. Two projects varied
contracted time by five per cent or more. The contracted completion date for the Shrine:
Galleries of Remembrance was varied by being brought forward by 12 weeks, with the
agreement of the client. The contracted timelines for the VEMTC Project were extended to the
end of March 2014 to allow time for critical safety approvals and the purchase of critical fire
training equipment. This extension did not cause any delay to the opening of the facility in
June 2014
Cost
Total Output Cost
$ million
301.4
234.5
The underspend in the Investment Attraction, Facilitation and Major Projects Output is
primarily due to a change in the timing of payments for the Investment Support Program and
sales for the Kew Residential Services Redevelopment Project being extended into 2014-15.
The costs associated with the sales will be incurred against this output in 2014-15
Trade and Export Facilitation
Quantity
Businesses participating in export programs
number
2,400
2,839
1,500
1,909
Strong participation due to increased inbound and outbound missions
Value of exports facilitated and imports replaced
$ million
Strong export outcomes were reported by companies participating in export activities
New exports facilitated in regional Victoria
$ million
225
348
85
97
A number of investment projects facilitated had significant export outcomes
Quality
Client satisfaction with export assistance offered
per cent
A high-level of satisfaction was reported with both the services provided by the department
and the outcomes from program participation
Cost
Total output cost
$ million
Department of State Development, Business and Innovation Annual Report 2013-14
34.1
32.8
136
Output
Group
Performance Indicator
Unit of Measure
2013-14
Target
2013-14
Actual
number
750,000
1,199,854
Small Business Assistance
Quantity
Number of business interactions with services
provided by BVO
Increased demand and search engine improvements to a responsive format made available
on all devices
Number of businesses engaged with the
department
number
12,000
13,000
Contracting out of service provision resulted in a higher level of business engagement
Subscriptions to Small Business Victoria Update
number
60,000
67,881
Growth in social media subscribers was higher than anticipated
Quality
Client satisfaction of small business information,
referral, mentoring service and business programs
per cent
90
87
Client satisfaction with Victorian Small Business
Commissioner mediation service
per cent
80
93.6
The high-level of client satisfaction achieved recognises the Victorian Small Business
Commissioner’s high-quality, low-cost and timely dispute resolution process
Proportion of business disputes presented to the
Victorian Small Business Commissioner
successfully mediated
per cent
75
82.7
Mediation success rates vary due to the nature of the dispute mediated and are difficult to
predict
Cost
Total output cost
$ million
32.6
28.7
The underspend in the Small Business Assistance Output is primarily due to changes in the
timing of payments across a number of initiatives but mainly the Building Innovative Small
Manufacturers and Success Map for Small Business Programs
Regional Development and Regional Cities
Quantity
Economic development, service delivery and
community capacity projects funded
number
140
162
Higher than anticipated levels of demand largely due to increased awareness of RGF
Programs, greater stakeholder engagement, and the successful development of investment
proposals by experienced project proponents
Energy for the Regions Program: number of towns
included
number
8
1
One agreement was reached in 2013-14. The remaining seven towns were still subject to a
tender process at the end of the financial year
Regional infrastructure projects approved by
Minister
number
100
166
Greater than expected level of interest due to increased awareness of RGF Programs, greater
stakeholder engagement, and the successful development of investment proposals by
experienced project proponents
Quality
Rural councils participating in Rural Councils
Victoria network
per cent
100
100
Participant satisfaction with implementation of RDV
programs
per cent
80
80
Department of State Development, Business and Innovation Annual Report 2013-14
137
Output
Group
Performance Indicator
Unit of Measure
Putting Locals First RGF projects recommended by
Regional Development Committees approved for
funding
per cent
2013-14
Target
2013-14
Actual
85
100
The projects recommended by Regional Development Committees were of a high quality and
resulted in an increase in the number of projects approved for funding
Regional councils participating at the Regional
Victoria Living Expo
per cent
80
100
per cent
100
100
per cent
75
87.5
222.5
202.6
Strong support of this event by local government in regional Victoria
Coordination and implementation of action within
agreed performance targets: Transport
Connections initiative
Timeliness Grants paid within the timeframe specified
within the terms and conditions of the
funding agreement: Local Government
Infrastructure Program
A higher number of councils reported within agreed timelines
Cost
Total output cost
$ million
The underspend in the Regional Development and Regional Cities Output is primarily due to
changes in the timing of payments associated with the RGF
Energy and Resources
Quantity
Delivery of key milestones for PBSP
per cent
100
100
Delivery of AMI Program in line with planned
project milestones
per cent
100
100
Exercise strategies for maintaining security of
electricity and gas supply
number
4
8
Additional exercises were scheduled in the lead up to summer
Earth resource information packages released to
industry covering the promotion of new geological
data and regulatory guidance material
number
8
8
Major strategic policy briefings to government
number
6
6
Delivery of stakeholder engagement information
forums as part of the Clean Coal Victoria work
program
number
15
24
An increased number of community engagement sessions were held in relation to onshore
natural gas
Meetings of the AMI Ministerial Advisory Council
conducted in accordance with terms of reference
and strategic agenda
number
4
4
Strategic policy briefings on energy matters to
portfolio minister
number
180
178
Audits completed at mineral and petroleum sites
on specific high-risk issues
number
100
132
An additional program of high-risk audits was undertaken in conjunction with the Victorian
Environment Protection Agency
Environmental and compliance audits of critical
minerals and petroleum sites completed
number
Department of State Development, Business and Innovation Annual Report 2013-14
60
60
138
Output
Group
Quality
Unit of Measure
2013-14
Target
2013-14
Actual
Minerals and petroleum licences, permits and
authorities administered by the department
number
1,700
1,636
Technical Review Board to complete the review of
stability reports for LaTrobe Valley coal mines
number
3
3
Proportion of minerals and petroleum publications
and packages requiring post-release correction or
recall
per cent
<5
0
Exploration and mining licences which are not
active
per cent
< 17.5
15
Number of mine stability audits
number
3
3
per cent
100
100
Delivery of key milestones in line with Facilitating
Low Emission Transition approved project plan
per cent
100
100
Facilitate delivery of milestones in line with grant
agreements for the large scale Carbon Capture
and Storage demonstration program
per cent
100
0
Performance Indicator
Timeliness Delivery of milestones facilitated in line
with grant agreements for the brown coal
R&D grants that form part of the Energy
Technology Innovation Strategy (ETIS)
initiative
No grant agreements were in place because the feasibility phase of the CarbonNet Project
was not completed. The scope of the future work program will be determined going forward
Facilitate delivery of milestones in line with grant
agreements for ETIS Sustainable Energy programs
per cent
100
90
One sustainable energy project has experienced financing difficulties
Submissions to Environment Effects Statements
(EES) for earth resource proposals completed
according to EES panel timelines
per cent
100
100
Facilitate delivery of milestones for the feasibility
stage of CarbonNet Project
per cent
100
41.2
The change in the Federal Government resulted in a delay in the release of acreage by the
Commonwealth and a delay in completing technical work packages
Facilitate delivery of the implementation plan of the
CarbonNet geoscience evaluation program by
2014
per cent
100
50
The Appraisal Plan for the project requires further technical work based on advice from an
independent expert
Facilitate delivery of milestones in line with grant
agreements under ALDP
per cent
100
100
Facilitate delivery of milestones in line with grant
agreements under the Low Emission Energy
Technologies (LEET) Program
per cent
100
0
No grant agreements have been executed for this program in 2013-14 reflecting the limited
basis for new energy technology projects at this time
Minerals and petroleum exploration license
applications not determined after three months
per cent
<5
5
Minor delays were due to migration of licence applications to a new database
Department of State Development, Business and Innovation Annual Report 2013-14
139
Output
Group
Performance Indicator
Unit of Measure
2013-14
Target
2013-14
Actual
per cent
<5
8
Mining industry workplans not processed in one
month
The processing delays were due to two complex industry workplans out of a total of 25
Cost
Mining licence applications not determined after
four months
per cent
<5
0
Earth resource geoscience data packages
released to market in line with agreed timetables
per cent
> 95
100
$ million
188.4
96.5
Total output cost
The underspend in the Energy and Resources Output reflects changes in the timing of
payments particularly for the PBSP, CarbonNet and Energy Technology Innovation Strategy
Appendix 5: Financial review of operations and
financial conditions
Five-year financial summary
2014
$’000
2013
$’000
2012
$’000
2011
$’000
2010
$’000
Revenue from Government
796,231
521,627
523,481
1,279,454
2,035,040
Total income from transactions
940,987
620,892
557,513
1,383,093
2,119,412
(902,141)
(606,088)
(574,109)
(1,389,807)
(2,086,992)
Net result from transactions
38,846
14,804
(16,596)
(6,714)
32,420
Net result for the period
33,924
11,010
(24,315)
(7,557)
24,816
Net cashflow from operating
activities
63,013
30,692
(14,166)
(33,911)
20,061
1,194,330
815,139
682,247
558,578
805,195
138,856
84,749
71,224
69,027
152,082
Total expenses from transactions
Total assets
Total liabilities
Financial performance
The department’s net result from transactions in 2014 was a surplus of $38.8 million compared with a
surplus of $14.8 million in 2013. The surplus in 2014 is largely due to timing differences relating to trust
income received in the year but the associated expenditure is planned for the following year.
Total income from transactions increased by $320.1 million from the prior year as a result of the incoming
RDV and Energy and Earth Resources functions. In addition, there were increased sales for the Kew
Residential Services Project and trust income.
Total expenses from transactions increased by $296.1 million from the prior year as a result of the incoming
portfolios mentioned above. Consistent with the increase in revenue, for the Kew Residential Services
Project there was an increase in the cost of sales.
Total assets increased by $379.2 million mainly due to an increase in cash deposits associated with the RGF
that came across with the RDV functions. There was also an increase in property, plant and equipment, land
acquisitions and expenditure on the Melbourne Markets Relocation Project.
Department of State Development, Business and Innovation Annual Report 2013-14
140
Total liabilities increased by $54.1 million mainly due to an increase in trade creditors and employee
entitlements, reflecting the larger size of the department.
Appendix 6: Grants and related assistance
As in previous years, the department has provided assistance to companies and organisations. Financial
assistance provided in 2013-14 was as follows:
Investment and industry-related grants
The department’s investment attraction activities include facilitative and financial assistance. In 2013-14,
financial assistance of $44.5 million was granted to the companies and organisations listed below.
Note: Details of individual investment grant payments have not been disclosed, as they are deemed
commercial-in-confidence.
AEROSPACE AUSTRALIA LIMITED
AIRSTEP AUSTRALIA PTY LTD
AL-KO INTERNATIONAL PTY LIMITED
ALCOA OF AUSTRALIA LIMITED
AUSTRALIAN FURNITURE ASSOCIATION INC
BRUCK TEXTILE TECHNOLOGIES PTY LTD
BRUCK TEXTILES PTY LTD
COTTON ON CLOTHING PTY LTD
CSL LIMITED
DANONE MURRAY GOULBURN PTY LIMITED
DEPARTMENT OF INDUSTRY INNOVATION SCIENCE RESEARCH AND TERTIARY EDUCATION
VICTORIA
FILM VICTORIA
FONTERRA AUSTRALIA PTY LTD
FORD MOTOR COMPANY OF AUSTRALIA LIMITED
GEORGE WESTON FOODS LTD
HELLA AUSTRALIA PTY LTD
HOFMANN ENGINEERING PTY LTD
IBM AUSTRALIA LTD
INTERACTIVE PTY LIMITED
LUMA PICTURES PTY LTD
MELBOURNE FOOD & WINE EVENTS LTD
METCASH TRADING LIMITED
NATIONAL ICT AUSTRALIA LTD
NESTLE AUSTRALIA LIMITED
NINE MILE FRESH PTY LTD
PARWAN VALLEY MUSHROOMS PTY LTD
QENOS PTY LTD
Department of State Development, Business and Innovation Annual Report 2013-14
141
SHINE (AUST) PTY LTD
SILVERSTRIPE AUSTRALIA PTY LTD
SPC ARDMONA LIMITED
THALES AUSTRALIA LIMITED
THE ROYAL AGRICULTURAL SOCIETY OF VICTORIA LIMITED
THE SILVER LINING CONSULTING GROUP PTY LTD
TIGER AIRWAYS AUSTRALIA PTY LIMITED
TOYOTA MOTOR CORPORATION AUSTRALIA LTD
UNIVERSITY OF BALLARAT
UNIVERSITY OF MELBOURNE
VISTAPRINT AUSTRALIA PTY LTD
WAGSTAFF CRANBOURNE PTY LTD
WESTPAC BANKING CORPORATION
WINE AUSTRALIA CORPORATION
Energy and earth resources grants
Grant payments totalling $7.1 million were made to companies and organisations in 2013-14 under the
department’s ETIS Future Energy 2 Sustainable Energy, LEET and Solar Systems Stage 2 grants. These
grants are detailed below.
ETIS Future Energy 2 Sustainable Energy
BIOPOWER SYSTEMS PTY LTD
$722,639
CETUS ENERGY PTY LTD
$167,958
CO2CRC LIMITED
$250,000
HOT DRY ROCKS PTY LTD
$10,000
MACH SYSTEMS PTY LTD
$60,000
MIL-SYSTEMS PTY LTD
$285,000
MONASH UNIVERSITY
$143,431
RAYGEN RESOURCES PTY LTD
$250,000
SPECIALTY COATINGS (AUST) PTY LTD
$400,000
UNIVERSITY OF MELBOURNE
$1,302,518
TOTAL
$3,591,546
LEET
BROWN COAL INNOVATION AUSTRALIA LIMITED
$550,000
TOTAL
$550,000
Solar Systems Stage 2
SOLAR SYSTEMS PTY LTD
$3,000,000
TOTAL
$3,000,000
Department of State Development, Business and Innovation Annual Report 2013-14
142
Innovation services, small business and technology grants
Grant payments totalling $59.3 million were made to companies and organisations in 2013-14 under the
department’s various innovation services, small business and technology programs. These grants are
detailed below.
Agenda For New Manufacturing
MELBOURNE CITY COUNCIL
$75,000
VCAMM LIMITED
$900,000
TOTAL
$975,000
Awareness - Science And Community
AUSTRALIAN SCIENCE MEDIA CENTRE INC
$33,000
VESKI
$336,000
TOTAL
$369,000
Business Development Program - Grow Your Business
2SL PTY LTD
$11,500
AIRPORT DOORS
$10,000
AQUEOUS SOLUTIONS PTY LTD
$11,500
ASSETIC AUSTRALIA PROPRIETARY LIMITED
$7,500
AUSFORK PTY LTD
$7,500
AUSTRALIAN EATWELL PTY LTD
$7,500
AUSTRALIAN FINE FOODS PTY LTD
$4,000
AUSTRALIAN FOOD INDUSTRIES PTY LTD
$3,900
AUSTRALIAN FRESH LEAF HERBS PTY LTD
$3,750
AUSTRALIAN GRAIN SYSTEMS PTY LTD
$4,000
AUSTRALIAN WASTE MANAGEMENT PTY LTD
BIBER FOODS GROUP PTY LTD
$11,450
$4,000
BIRK SOLUTIONS PTY LTD
$11,500
BOOSEY CREEK CHEESE PTY LTD
$10,475
BREAZE ENTERPRISES PTY LTD
BRIMBANK CITY COUNCIL
$3,750
$15,000
BRUNTON ENGINEERING & CONSTRUCTION PTY LTD
$3,675
BUSY BEE BRUSHWARE PTY LTD
$2,100
BUTTERFLY INTERNET PTY LTD
$11,114
CADOPEN PTY LIMITED
$11,500
CITY OF WHITTLESEA
$13,500
CLOYNE HOLDINGS PTY LTD
$10,223
COMPLETE WORKWEAR SERVICES PTY LTD
$7,500
COULSON TILES PTY LTD
$4,000
Department of State Development, Business and Innovation Annual Report 2013-14
143
CRAWFORD CONTAINERS PTY LTD
$7,500
DAL ZOTTO WINES PTY LTD
$3,000
EARTH SYSTEMS CONSULTING PTY LTD
$7,500
EDDINGTON ENGINEERING PTY LTD
$11,250
GRAMPIANS TOURISM BOARD INC
$4,500
GREATER BENDIGO CITY COUNCIL
$13,500
GRIGSBY’S FOUNDRY PTY LTD
$11,500
HAND ON INDUSTRIES PTY LTD
$4,000
HELDON PRODUCTS AUSTRALIA PTY LTD
$11,500
HOBSONS BAY CITY COUNCIL
$15,000
HUME CITY COUNCIL
$22,500
INDUSTRIAL BRUSHWARE PTY LTD
$11,500
J V ORCHARDS PTY LTD
$11,438
JOHN B MASSON & ASSOCIATES PTY LTD
$7,500
KINGSTON CITY COUNCIL
$10,500
KJ INNOVATIONS PTY LTD & RJ INNOVATIONS PTY LTD
$11,500
KLT CONSULTING PTY LTD
$4,000
KLUWELL PUBLICATIONS PTY LTD
$11,500
KNOX CITY COUNCIL
$15,000
LANEY CONSTRUCTIONS PTY LTD
$3,975
LATROBE CITY COUNCIL
$7,500
M N & L M PETERSON
$10,525
MEDIATEN EUROPE CO PTY LTD
$8,750
MELBOURNE CPAP SERVICES PTY LTD
$3,750
MELTON CITY COUNCIL
$10,500
MILDURA DEVELOPMENT CORPORATION INC
$5,740
MILLS GLASS PTY LTD
$4,000
MOONEE VALLEY CITY COUNCIL
$15,000
MORELAND CITY COUNCIL
$13,500
MORGAN TECHNICAL CERAMICS AUSTRALIA PTY LIMITED
$7,500
MUM'S CHIPS COMPANY PTY LTD
$7,500
NATURE LINKS LANDSCAPE MANAGEMENT PTY LTD
$4,000
NETEC INDUSTRIES PTY LTD
$7,500
NILLUMBIK SHIRE COUNCIL
$13,500
NWO GROUP PTY LTD
$4,000
OMEGA SECURITY SOLUTIONS
$4,000
PLANT PERFORMANCE GROUP PTY LTD
$7,500
PNEUVAY ENGINEERING PTY LTD
$11,500
R F INDUSTRIES PTY LTD
$11,500
RUSBRO HOLDINGS PTY LIMITED
Department of State Development, Business and Innovation Annual Report 2013-14
$3,975
144
SELECTRIX INDUSTRIES PTY LTD
$11,500
SHAKANDA AUSTRALIA PTY LTD
$11,500
SHAPE SHOPFITTERS PTY LTD
$4,000
SHARAMUDDI PTY LTD
$3,750
SHEOAK TRADING PTY LTD
$11,500
SMARTECH DOOR SYSTEMS PTY LTD
$4,000
SOUTHERN CROSS RECYCLING GROUP PTY LTD
$7,500
SOUTHERN PROCESSING PTY LTD
$12,000
SOUTHERN SPREADERS PTY LTD
$4,000
SPARKZ INVESTMENTS PTY LTD
$3,750
SWANBUILD PTY LTD
$7,500
SYNETEK SYSTEMS PTY LTD
TECWEIGH PTY LTD
TRI-TECH CHEMICAL CO PTY LTD
UNIFRAX AUSTRALIA PTY LTD
UNITED STAR RESOURCE PTY LTD
$11,250
$7,500
$11,000
$7,500
$11,250
VANLITE PTY LTD
$7,500
VICTORIA UNIVERSITY
$9,000
WASTE WISE ENVIRONMENTAL PTY LTD
$11,500
WATERSHED COMMERCIAL ROOFING PTY LTD
$3,000
WATTLE ORGANIC FARMS PTY LTD
$5,000
WHITEHORSE CITY COUNCIL
WICKED WITCH SOFTWARE PTY LTD
WIMMERA DEVELOPMENT ASSOCIATION INCORPORATED
WYNCORP PTY LTD
$12,000
$6,750
$13,500
$3,636
WYNDHAM CITY COUNCIL
$15,000
Y V FRESH PTY LTD
$11,500
YARRA CITY COUNCIL
$28,500
YARRA RANGES SHIRE COUNCIL
ZIPTALES PTY LTD
TOTAL
$9,000
$11,500
$828,226
Biomedical Research
BAKER IDI HEART AND DIABETES INSTITUTE HOLDINGS LIMITED
$3,476,606
CENTRE FOR EYE RESEARCH AUSTRALIA LIMITED
$1,018,500
LUDWIG INSTITUTE FOR CANCER RESEARCH LTD
$1,320,789
MONASH UNIVERSITY
$1,131,440
MURDOCH CHILDRENS RESEARCH INSTITUTE
$3,283,590
O'BRIEN INSTITUTE
PRINCE HENRY’S INSTITUTE OF MEDICAL RESEARCH
Department of State Development, Business and Innovation Annual Report 2013-14
$284,711
$1,083,163
145
ST.VINCENT'S INSTITUTE OF MEDICAL RESEARCH
THE BIONICS INSTITUTE OF AUSTRALIA
$1,540,854
$400,352
THE FLOREY INSTITUTE OF NEUROSCIENCE AND MENTAL HEALTH
$3,279,734
THE MACFARLANE BURNET INSTITUTE FOR MEDICAL RESEARCH
AND PUBLIC HEALTH LTD
$3,398,754
THE WALTER AND ELIZA HALL INSTITUTE OF MEDICAL RESEARCH
$5,635,439
TOTAL
$25,853,932
Biotechnology
ADALTA PTY LTD
$8,000
AKAAL PHARMA PTY LTD
$2,500
ALFRED HEALTH
$2,690,000
ANATOMICS PTY LTD
$2,500
ARRAYWARE PTY LTD
$5,500
AUSBIOTECH LTD
$10,000
AUSTIN HEALTH
$20,000
AUSTRALIAN SPORTS TECHNOLOGIES NETWORK LTD
AXXIN PTY LTD
BIO 21 AUSTRALIA LIMITED
$2,500
$14,574
$432,456
BIO NOVA INTERNATIONAL PTY LTD
$8,000
BIOCONSULT PTY LTD
$3,000
BIODIEM LTD
$5,000
BIOMEDTECH AUSTRALIA PTY LTD
$20,032
BIOMELBOURNE NETWORK INC
$2,500
BIOSYNERGY PARTNERS PTY LTD
$2,500
BORON MOLECULAR PTY LIMITED
$8,000
CANCER THERAPEUTICS CRC PTY LTD
$147,050
CECAP PTY LTD
$2,500
CELL CARE AUSTRALIA PTY LTD
$2,500
CERES ONCOLOGY PTY LTD
$2,500
CIRCA GROUP PTY LTD
$6,499
CIRCADIAN TECHNOLOGIES LIMITED
$2,500
CLINUVEL PHARMACEUTICALS LIMITED
$3,000
COGSTATE LTD
$2,500
COMPUTIST BIO-NANOTECH PTY LTD
$7,309
DENTAL HEALTH SERVICES VICTORIA
$1,325,000
DIAMOND OPTICS PTY LTD
$2,444
DRAWBRIDGE PHARMACEUTICALS PTY LTD
$3,000
EASTERN HEALTH
ELK ORTHOBIOLOGICS LIMITED
Department of State Development, Business and Innovation Annual Report 2013-14
$20,000
$3,000
146
ENDOGENE LTD
$7,500
EUSTRALIS PHARMACEUTICALS LTD
$3,000
EVADO PTY LTD
$8,000
FAIRMONT MEDICAL PRODUCTS PTY LIMITED
$12,000
FIBROTECH THERAPEUTICS PTY LTD
$2,500
HEALTH MEDIA GROUP PTY LTD
$2,005
HEPSEEVAX PTY LTD
$2,500
HOFESH ENTERPRISES PTY LTD
$2,500
IDT AUSTRALIA LIMITED
$50,000
IMMURON LIMITED
$2,500
INGENEUS PTY LTD
$2,500
INTELLIMEDICAL TECHNOLOGIES PTY LTD
$2,500
INTELLIRAD SOLUTIONS PTY LTD
$20,000
IT HEALTH & WELLNESS PTY LTD
$2,500
LARGOS SERVICES PTY LTD
$1,977
MEDICAL DEVELOPMENTS INTERNATIONAL LTD
$8,000
MEDICINES DEVELOPMENT LIMITED
$2,500
MICRONISERS AUSTRALASIA PTY LTD
$2,237
MINIFAB (AUST) PTY LTD
$16,000
NEXVET BIOPHARMA PTY LTD
$16,000
NPLEX PTY LTD
$2,500
NUCLEUS NETWORK LIMITED
$5,000
PENINSULA HEALTH
PETER MACCALLUM CANCER INSTITUTE
$1,345,000
$20,000
PHARMACEUTICAL PACKAGING PROFESSIONALS PTY LTD
$2,500
POLYACTIVA PTY LTD
$3,000
PRANA BIOTECHNOLOGY LTD
$2,500
RAMSEY COOTE HEALTHCARE PTY LTD
$6,218
SENZ ONCOLOGY PTY LTD
$3,000
SGA SOLUTIONS PTY LTD
$3,000
SIENNA CANCER DIAGNOSTICS LIMITED
$2,500
SPINIFEX PHARMACEUTICALS PTY LTD
$3,000
STARPHARMA PTY LTD
$6,000
SYNTHESIS MED CHEM PTY LTD
$2,500
SYPHARMA PTY LTD
$2,500
TELEZON LIMITED
$10,729
THE ENTERPRISE EVOLUTION GROUP PTY LTD
$2,500
VERVA PHARMACEUTICALS LIMITED
$3,000
V-PATCH MEDICAL SYSTEMS 1 PTY LTD
$2,500
TOTAL
Department of State Development, Business and Innovation Annual Report 2013-14
$6,361,530
147
Carbon Markets
CARBON MARKET INSTITUTE LIMITED
$324,157
CLIMATE CHANGE AUTHORITY
$316,360
TOTAL
$640,517
Collaborative Networks For Technology Transfer
DAIRY INNOVATION AUSTRALIA LIMITED
$80,000
TOTAL
$80,000
Connecting Victoria
$30 DATE NIGHT PTY LTD
$5,000
121CAST PTY LTD
$5,000
1440 PRODUCTIONS PTY LTD
$5,000
199NFORM PTY LTD
$16,000
ADILAM TECHNOLOGIES PTY LTD
$1,754
ADWEB PTY LTD
$7,839
AGENT ORIENTED SOFTWARE PTY LTD
$2,464
AIR-RADIATORS PTY LTD
$42,350
ANALYTICAL SYSTEMS PTY LTD
$4,751
ANTEVO PTY LTD
$2,500
ATOMIC MEDIA PTY LTD
$5,000
AUSTRALIAN INFORMATION INDUSTRY ASSOCIATION LIMITED
$80,000
AUSTRALIAN INTERACTIVE MEDIA INDUSTRY ASSOCIATION INC
$35,000
AVARA TECHNOLOGIES PTY LTD
$5,000
BESTRANE GROUP PTY LTD
$2,500
BIG ANT STUDIOS PTY LTD
$2,500
BIONIC CORPORATION PTY LTD
$2,500
BIZ CATALYST PTY LTD
$2,500
BJA CONSULTING PTY LTD
$2,474
BLACKCOMPASS SOFTWARE PTY LTD
$4,000
BLUEDOG PRODUCTIONS (VIC) PTY LTD
$5,000
BLUEFISH TECHNOLOGIES PTY LTD
$18,500
BOGAN ENTERTAINMENT SOLUTIONS PTY LTD
$2,500
BRAWSOME PTY LTD
$2,500
BSI ENTERPRISE PTY LTD
$2,500
C8APPS PTY LTD
$5,605
CAPTURE PLAN PTY LTD
$8,000
CARCLOUD PTY LTD
$8,000
CAREMONKEY PTY LTD
$2,500
CASHTIVITY PTY LTD
$4,000
Department of State Development, Business and Innovation Annual Report 2013-14
148
CATERRA PTY LTD
CHECKBOX STUDIOS PTY LTD
CLARINOX TECHNOLOGIES PTY LTD
$10,788
$2,500
$12,318
CLICKTIX PTY LTD
$2,500
CLOUDKEY TECHNOLOGIES PTY LTD
$7,471
COINJAR PTY LTD
$5,012
COMMANDFUSION PTY LTD
CORNERSTONE SOLUTIONS PTY LTD
CURRENT STUDIOS PTY LTD
$10,000
$2,500
$11,875
CYBERDYNE PTY LTD
$2,500
DIGITAL EDUCATION SERVICES PTY LTD
$5,000
DIGITALL PTY LTD
$2,500
DIME STUDIOS PTY LTD
$1,905
E LEX RATIO PTY LTD
$2,500
ELLISON DESIGN PTY LTD
$2,500
EMBROSS GROUP PTY LTD
$10,000
EMERGENCY WARNING SYSTEMS PTY LTD
$2,500
ENITIATIVES.COM PTY LTD
$8,000
EQUEUE PTY LTD
$9,000
F E TECHNOLOGIES PTY LTD
$8,949
FABRIC GROUP PTY LTD
$2,411
FC SOFTWARE SOLUTIONS PTY LTD
$10,000
FELSTEAD ENTERPRISES PTY LTD
$2,330
FERNSTAR PTY LTD
$7,014
FMEVOLUTION PTY LTD
$1,839
FOCUS SEARCH PTY LTD
$2,500
GAZUNTI PTY LTD
$2,500
GENIX VENTURES PTY LTD
$7,500
GEOMANTIA PTY LTD
$2,500
GLOBAL XCHANGE PTY LTD
$5,000
GRAPPLE GUN GAMES PTY LTD
$2,446
HUMAN EDGE SOFTWARE CORPORATION PTY LIMITED
$2,469
IMPROMPTU GAMES PTY LTD
$2,500
INDUSTRY POWER PTY LTD
$121,570
INFERENCE SOLUTIONS PTY LTD
$8,000
INLIGHT MEDIA PTY LTD
$2,500
INOMIAL PTY LTD
$2,500
IPCOMPUTE PTY LTD
$6,755
J R SYSTEMS PTY LTD
JAIRUS PTY LTD
Department of State Development, Business and Innovation Annual Report 2013-14
$15,398
$2,500
149
JIGXOR PTY LTD
$2,500
KAILO MEDICAL PTY LTD
$8,000
KANGAN BATMAN INSTITUTE OF TAFE
$5,000
KINGFISHER INTERNATIONAL PTY LTD
$8,000
KINGSTON CITY COUNCIL
$150,000
KUMOBIUS PTY LTD
$4,756
LABRAT AUSTRALIA PTY LTD
$7,500
LEAGUE OF GEEKS PTY LTD
$4,488
LEOOP PTY LTD
$3,737
LIST FACTORY PTY LTD
$2,500
LIVESTOCK SALEYARDS ASSOCIATION OF VICTORIA INCORPORATED
$98,000
LOVESHACK ENTERTAINMENT PTY LTD
$5,000
MAGIAN MEDIA STUDIO PTY LTD
$8,000
MCOMMS DESIGN PTY LTD
$2,500
MEDIA EQUATION PTY LTD
$2,500
MEDIA SAINTS PTY LTD
$1,676
MEDIAPROXY PTY LTD
$20,360
MEYLA PTY LTD
$2,500
MIGENIUS PTY LTD
$5,000
MILLIPEDE CREATIVE DEVELOPMENT PTY LTD
$2,500
MINDATLAS PTY LTD
$5,000
MMGN.COM PTY LTD
$2,481
MONEY 101 - MONEY FOR LIFE PTY LTD
$12,000
MY LIFESTYLE REMOTE PTY LTD
$2,500
MY MEDIA INTERNATIONAL PTY LTD
$2,364
NEW MEDIA INNOVATION PTY LTD
$2,500
NOVATTI PTY LTD
$16,000
NSYNERGY OSC PTY LTD
$4,000
OPERATIONS & MAINTENANCE CONSULTING SERVICES PTY LTD
$8,000
OPTIMISING PTY LTD
$2,500
OPTOTECH PTY LTD
$7,500
OUTTRIPPIN PTY LTD
$7,975
OZIRIG PROPRIETARY LTD
$6,209
PACE MARKETING PTY LTD
$2,500
PARCUS GROUP PTY LTD
$2,500
PEPPERSTACK PTY LTD
$2,500
PERCEPSCION PTY LTD
$6,500
PHM TECHNOLOGY PTY LTD
$8,450
PIXEL PICKLE GAMES PTY LTD
$2,500
PODZY PTY LTD
$2,500
Department of State Development, Business and Innovation Annual Report 2013-14
150
POLICE DEPARTMENT (VIC)
$120,000
PORTABLE AUSTRALIA PTY LTD
$5,000
PORTERFIELD PTY LTD
$2,500
POZIBLE PTY LTD
$2,500
PRECISION SYSTEMS INTERNATIONAL IP PTY LTD
$2,500
PROCEPT PTY LTD
$2,500
PROFESSIONAL SERVICES CHAMPIONS LEAGUE PTY LTD
$4,000
QMCODES PTY LTD
$2,500
QUALISTAFF PTY LTD
$2,500
RECTIFIER TECHNOLOGIES PACIFIC PTY LTD
$7,500
REVELATION SOFTWARE CONCEPTS PTY LTD
$24,000
ROBOT CIRCUS PTY LTD
ROME2RIO PTY LTD
$2,500
$10,500
RUBBER MUSIC PTY LTD
$2,500
S P KEASEY TRADING CO PTY LTD
$2,500
SAFE SLEEP SPACE PTY LTD
$1,656
SASS MEDIA PTY LTD
$7,500
SENTIENT VISION SYSTEMS PTY LTD
$8,000
SETAWAY PTY LTD
$7,500
SHAKER & ASSOCIATES PTY LTD
$5,000
SHINY PTY LTD
SILVERSTRIPE AUSTRALIA PTY LTD
$196,000
$40,000
SOUND LIBRARIAN PTY LTD
$2,500
SOURCEDYNAMIX ASIA PACIFIC PTY LTD
$2,500
SPACE DUST STUDIOS PTY LTD
$2,500
SPINIFEX IT GLOBAL PTY LTD
$8,000
STARTUPVIC LIMITED
$50,000
STOPMOTIONPRO PTY LTD
$3,371
STRAIGHT RIGHT PTY LTD
$2,500
SUN MOON INVESTMENTS PTY LTD
$5,000
SURPRISE ATTACK PTY LTD
$14,911
SYNETEK SYSTEMS PTY LTD
$2,500
SYPAQ SYSTEMS PTY LTD
$2,500
TABLO PTY LTD
$6,016
TANTALUS MEDIA PTY LTD
$5,000
TECHNOLOGY CORE PTY LTD
$2,500
TECHS4BIZ AUSTRALIA PTY LTD
$2,500
THE CONVERSATION MEDIA GROUP LIMITED
$50,000
THE LOFT GROUP PTY LTD
$2,197
THE MASTERMIND GROUP PTY LTD
$2,500
Department of State Development, Business and Innovation Annual Report 2013-14
151
THE ONLINE CIRCLE PTY LTD
$2,500
THE VOXEL AGENTS PTY LTD
$2,500
THREE SPROCKETS PTY LTD
$4,000
TORUS GAMES PTY LTD
$5,000
TRAINSEM PTY LTD
$2,494
TWIITCH PTY LTD
$7,500
TWO BULLS HOLDINGS PTY LTD
$2,500
UMBRELLA ENTERTAINMENT PTY LTD
$2,500
UNITYHEALTH PTY LTD
$2,500
UNIVERSITY OF MELBOURNE
$5,103
VASTPARK PTY LTD
$2,500
VICTORIAN PARTNERSHIP FOR ADVANCED COMPUTING LIMITED
$2,500
WEB IP PTY LTD
$4,000
WEBCASTING PTY LTD
$2,500
WICKED WITCH SOFTWARE PTY LTD
$4,000
X-COMPANY PTY LTD
$2,500
XDT PTY LTD
$8,000
XELON ENTERTAINMENT PTY LTD
$5,000
XENON SYSTEMS PTY LTD
$5,000
YTEK PTY LTD
$4,000
ZOOMORPHIX SYSTEMS PTY LTD
$8,000
TOTAL
$1,785,531
Co-Operative Research Centres (CRC) Support Program
ADVANCED MANUFACTURING CRC LIMITED
$38,000
CANCER THERAPEUTICS CRC PTY LTD
$38,000
COMMONWEALTH SCIENTIFIC AND INDUSTRIAL RESEARCH
ORGANISATION
$4,313
HEARING CRC LTD
$8,000
ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY
$15,000
UNIVERSITY OF MELBOURNE
$15,000
UNIVERSITY OF SOUTH AUSTRALIA
TOTAL
$8,000
$126,313
Design Sector Strategy
ALLORI PTY LTD
$2,500
AUTOMOTIVE PERFORMANCE SOLUTIONS PTY LTD
$2,500
BROACHED COMMISSIONS PTY LTD
$8,000
BURY CONSULTING PTY LIMITED
$3,924
COBALT NICHE DESIGN PTY LTD
$10,000
Department of State Development, Business and Innovation Annual Report 2013-14
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CRUMPLER PTY LTD
$18,000
D P MENG PTY LTD
$1,958
DEAKIN UNIVERSITY
$6,975
DENIM 108 PTY LTD
$5,000
EMILY KATE DOIG
$4,440
FEDERATION UNIVERSITY AUSTRALIA
$7,500
GREAT EIGHT PTY LTD
$10,000
INCLUSIVE DESIGN SERVICES
$2,500
LIFE WITH BIRD PTY LTD
$8,000
MAGIAN DESIGN STUDIO PTY LTD
MEDIATEN EUROPE CO PTY LTD
MONASH UNIVERSITY
NAOMI MILGROM FOUNDATION
OUTER SPACE DESIGN GROUP PTY LTD
$16,000
$7,500
$20,388
$100,000
$2,500
RIPE MATERNITY WEAR PTY LTD
$10,000
ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY
$22,410
SURPLLUS PTY LTD
SWINBURNE UNIVERSITY OF TECHNOLOGY
$2,500
$22,738
THE LOFT GROUP PTY LTD
$2,500
WILDING NOMINEES PTY LTD
$2,500
TOTAL
$300,333
eGovernment Innovation Fund Trust
DEPARTMENT OF JUSTICE VICTORIA
$337,500
TOTAL
$337,500
Export Victoria
COUNTRY CUISINE (AUST) PTY LTD
$2,498
TOTAL
$2,498
General Grants Funding
LAKE TYERS ABORIGINAL TRUST
$138,000
MONASH UNIVERSITY
$190,909
TOTAL
$328,909
ICT Skills
COMMUNICATIONS AND INFORMATION TECHNOLOGY TRAINING
LIMITED
$27,273
TOTAL
$27,273
Department of State Development, Business and Innovation Annual Report 2013-14
153
Industry Capability Network
INDUSTRY CAPABILITY NETWORK (VICTORIA) LIMITED
$1,926,208
TOTAL
$1,926,208
Information Victoria General Purpose Trust Account
SPATIAL INDUSTRIES BUSINESS ASSOCIATION LIMITED
$20,000
THE ROYAL AGRICULTURAL SOCIETY OF VICTORIA LIMITED
$30,000
TOTAL
$50,000
Innovation and Technology Projects
3D MEASUREMENT SERVICES
ABSOLUTELY POSITIVE PTY LTD
$10,000
$7,500
ACCELEON PTY LTD
$50,000
ADALTA PTY LTD
$50,000
ADVANCED MANUFACTURING CRC LIMITED
$1,650
ADVANCED MOLECULAR TECHNOLOGIES PTY LTD
$50,000
ALTRUTEC PTY LTD
$10,000
ARRAYWARE PTY LTD
$20,000
AUSPEP PTY LTD
$2,155
AUSTRALIAN DESIGN LAB
$11,800
BAYLY GROUP PTY LTD
$50,000
BERRY DESIGN PTY LTD
$15,000
BITC
$20,169
BLU OAK PTY LTD
BSI SERVICES PTY LIMITED
CHURCHILL ATTORNEYS
$6,000
$50,000
$3,600
CIRCA GROUP PTY LTD
$50,000
CLARINOX TECHNOLOGIES PTY LTD
$10,000
COBALT NICHE DESIGN PTY LTD
$25,000
COMMONWEALTH SCIENTIFIC AND INDUSTRIAL RESEARCH
ORGANISATION
$210,000
CTQ MANAGEMENT SERVICES
$26,750
D S DESIGN PTY LTD
$12,500
DATA STORAGE SOLUTIONS PTY LTD
$21,840
DAVIES COLLISON CAVE LAW PTY LTD
$25,000
DEAKIN UNIVERSITY
$25,000
DIEFFENBACHER GMBH
$50,000
DIUS COMPUTING PTY LTD
$50,000
DOUGLAS P DUKE
$12,175
DUXTEL PTY LTD
$5,000
Department of State Development, Business and Innovation Annual Report 2013-14
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ESTHER STAMATOULA APOS
$25,000
EXEMPLAR TECHNOLOGIES PTY LTD
$25,000
FABRICS AND COMPOSITES SCIENCE AND TECHNOLOGIES
$25,000
GHD PTY LTD
$50,000
GLOBAL VISIONEERING PTY LTD
$25,000
GP GRADERS (VICTORIA) PTY LTD
$50,000
GREY INNOVATION PTY LTD
$150,000
HYDRIX PTY LTD
$50,000
IDEATION PTY LTD
$25,000
INGENEUS PTY LTD
$50,000
INITIAL CONCEPT ENGINEERING INDUSTRIES PTY LTD
$25,000
INNOVATION MANAGEMENT CONSULTANTS PTY LTD
$18,000
INSIGHT ENGINEERING AUSTRALIA PTY LTD
$74,831
INVENTIUM PTY LTD
$56,791
INVOLVE AUDIO PTY LTD
$49,600
KIANDRA IT PTY LTD
$23,813
KMH ENVIRONMENTAL ENGINEERING PTY LTD
$16,000
KOBE CREATIONS
$25,000
LA TROBE UNIVERSITY
$116,656
LABTAM PTY LTD
$49,000
LEAP AUSTRALIA PTY LTD
$30,000
LOGICALTECH DIGITAL PTY LTD
$39,356
M MURRAY AND ASSOCIATES PTY LTD
MELBOURNE TESTING SERVICES PTY LTD
$4,500
$11,040
MINIFAB (AUST) PTY LTD
$216,154
MJS CONTROL SYSTEMS
$10,000
MONASH UNIVERSITY
$166,045
MOONTIDE PTY LTD
$50,000
NATIONAL ICT AUSTRALIA LIMITED
$25,000
NBS DIGITAL PTY LTD
$18,000
NET BALANCE MANAGEMENT GROUP PTY LTD
$10,000
NEWCASTLE INNOVATION LIMITED
$18,380
OUTER SPACE DESIGN GROUP PTY LTD
$27,800
PLANET INNOVATION PTY LTD
$344,000
POLAR BEAR ENTERPRISE PTY LTD
$25,000
PROCEPT PTY LTD
$75,000
PRODUCTION STAMPING CO PTY LTD
$5,000
PYKSIS PTY LIMITED
$60,000
REACTIVE MEDIA PTY LTD
$50,000
ROBERT JEFF RYAN
$15,000
Department of State Development, Business and Innovation Annual Report 2013-14
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ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY
RSJ ENGINEERING PTY LTD
$232,273
$6,000
SCAN XPRESS PTY LTD
$25,000
SHEPPARTON DISTILLERIES PTY LTD
$50,305
SPLAT CONTROLS PTY LTD
$50,000
SUCCESSFUL ENDEAVOURS PTY LTD
$25,000
SWINBURNE UNIVERSITY OF TECHNOLOGY
SYNCHROTRON LIGHT SOURCE AUSTRALIA PTY LTD
TELFORD SMITH ENGINEERING PTY LTD
THE UNIVERSITY OF NEW ENGLAND
TREADSTONE ENTERPRISES PTY LTD
$218,000
$10,000
$144,678
$24,000
$110,000
UNIQUE MICRO DESIGN PTY LTD
$50,000
UNIVERSITY OF BALLARAT
$10,000
UNIVERSITY OF MELBOURNE
$65,420
UOM COMMERCIAL LTD
$5,000
VATIVE PTY LTD
$57,500
VCAMM LIMITED
$25,000
VIKING PLASTICS ENGINEERING PTY LTD
$4,216
WAVE DIGITAL PTY LTD
$45,432
WHEEZYTECH PTY LTD
$24,816
XHTMLIZED PTY LTD
$25,000
TOTAL
$4,218,745
Moviexperience
AUSTRALIAN CENTRE FOR THE MOVING IMAGE
$20,000
TOTAL
$20,000
Office of the Lead Scientist
COMMONWEALTH SCIENTIFIC AND INDUSTRIAL RESEARCH
ORGANISATION
$40,000
TOTAL
$40,000
Science and Technology R&D Fund
ALFRED HEALTH
$2,500
BIODETECTORS PTY LTD
$2,500
JEWISH CARE (VICTORIA) INC
$2,500
LA TROBE UNIVERSITY
$2,500
MEDICAL EDGE PTY LTD
$2,500
NIPV PTY LTD
$2,500
SUSTAINABILITY VENTURES PTY LTD
$2,500
Department of State Development, Business and Innovation Annual Report 2013-14
156
UNIVERSITY OF MELBOURNE
$4,773
VICTORIA UNIVERSITY
$2,500
YORAM REGEV
$2,500
TOTAL
$27,273
Skills for Growth
ARARAT RURAL CITY COUNCIL
$12,613
BALLARAT CITY COUNCIL
$5,000
BANYULE CITY COUNCIL
$9,800
BASS COAST SHIRE COUNCIL
$25,000
BAW BAW SHIRE COUNCIL
$25,000
BAYSIDE CITY COUNCIL
$10,000
BENALLA RURAL CITY COUNCIL
$10,000
BOROUGH OF QUEENSCLIFFE
$5,000
BRIMBANK CITY COUNCIL
$20,000
CASEY CITY COUNCIL
$10,000
CENTRAL GOLDFIELDS SHIRE COUNCIL
CITY OF BOROONDARA
CITY OF DAREBIN
$9,883
$24,600
$5,000
CITY OF GREATER DANDENONG
$10,000
CITY OF GREATER GEELONG
$10,000
CITY OF PORT PHILLIP
$10,000
COLAC OTWAY SHIRE
$5,000
CORANGAMITE SHIRE COUNCIL
$4,000
DIMBOOLA BUSINESS ASSOCIATION INC
$500
EAST GIPPSLAND SHIRE COUNCIL
$15,000
FRANKSTON CITY COUNCIL
$20,000
GANNAWARRA SHIRE COUNCIL
GOLDEN PLAINS SHIRE COUNCIL
$3,800
$600
GREATER SHEPPARTON CITY COUNCIL
$5,000
GREEK PRECINCT ASSOCIATION INC
$2,500
HINDMARSH SHIRE COUNCIL
$9,000
HORSHAM RURAL CITY COUNCIL
$9,000
INDIGO SHIRE COUNCIL
$10,000
KINGSTON CITY COUNCIL
$10,000
LATROBE CITY COUNCIL
$15,000
LODDON SHIRE COUNCIL
$25,000
MAINSTREET AUSTRALIA INC
$15,000
MANNINGHAM CITY COUNCIL
$10,000
MANSFIELD SHIRE COUNCIL
$5,000
Department of State Development, Business and Innovation Annual Report 2013-14
157
MAROONDAH CITY COUNCIL
MELTON CITY COUNCIL
$20,000
$8,635
MILDURA RURAL CITY COUNCIL
$20,000
MITCHELL SHIRE COUNCIL
$10,000
MOIRA SHIRE COUNCIL
$20,000
MONASH CITY COUNCIL
$19,350
MOONEE VALLEY CITY COUNCIL
MORELAND CITY COUNCIL
$5,900
$10,000
MORNINGTON PENINSULA SHIRE COUNCIL
$8,500
MOYNE SHIRE COUNCIL
$3,760
NORTHERN GRAMPIANS SHIRE COUNCIL
$9,000
PYRENEES SHIRE COUNCIL
$10,000
SALE BUSINESS AND TOURISM ASSOCIATION INCORPORATED
$5,000
SMITH STREET BUSINESS ASSOCIATION INC
$2,500
SORRENTO PORTSEA CHAMBER OF COMMERCE INC
$2,500
SOUTH GIPPSLAND SHIRE COUNCIL
$10,000
SOUTHERN GRAMPIANS SHIRE COUNCIL
$10,000
STONNINGTON CITY COUNCIL
$10,250
SUNSHINE BUSINESS ASSOCIATION INC
SURF COAST SHIRE
$5,000
$25,000
SWAN HILL PROMOTIONS AND DEVELOPMENT CORPORATION INC
$5,000
SWAN STREET VILLAGE TRADERS ASSOCIATION INC
$5,000
SYDNEY ROAD BRUNSWICK ASSOCIATION INC
$2,500
THE AUSTRALIAN RETAILERS ASSOCIATION
$17,000
WARRANDYTE BUSINESS ASSOCIATION INC
$2,500
WARRNAMBOOL CITY COUNCIL
$5,000
WELLINGTON SHIRE COUNCIL
$5,000
WEST WIMMERA SHIRE COUNCIL
$29,000
WHITEHORSE CITY COUNCIL
$15,000
WODONGA CITY COUNCIL
$5,000
WYNDHAM CITY COUNCIL
$5,000
YARRA CITY COUNCIL
YARRIAMBIACK SHIRE COUNCIL
TOTAL
$10,000
$9,000
$696,691
Textile And Fashion Hub
COUNCIL OF TEXTILE & FASHION INDUSTRIES OF AUSTRALIA LTD
$100,000
TOTAL
$100,000
Department of State Development, Business and Innovation Annual Report 2013-14
158
Time to Thrive 2
SMALL BUSINESS MENTORING SERVICE INC
$200,000
TOTAL
$200,000
Victoriaworks for Indigenous Jobseekers Program
A.R.T EMPLOYMENT PTY LTD
$121,000
COLLINGWOOD FOOTBALL CLUB LIMITED
$143,500
ESSENDON FOOTBALL CLUB
$188,800
GROUP TRAINING ASSOCIATION OF VICTORIA INC
$262,080
KAIELA INSTITUTE LIMITED
$97,500
LINK EMPLOYMENT & TRAINING INC
$149,640
MILDURA RURAL CITY COUNCIL
$154,800
MUNICIPAL ASSOCIATION OF VICTORIA
$30,000
RUMBALARA FOOTBALL NETBALL CLUB INC
$125,300
ST KILDA YOUTH SERVICE INC
$113,775
SWAN HILL RURAL CITY COUNCIL
$172,480
THE AUSTRALIAN RETAILERS ASSOCIATION
$10,000
TIGERS IN COMMUNITY FOUNDATION LIMITED
$93,750
VICTORIAN ABORIGINAL COMMUNITY SERVICES ASSOCIATION
LIMITED
$229,800
VICTORIAN RUGBY UNION INC
$232,750
VICTORIAN TRANSPORT ASSOCIATION INC
$60,500
WODONGA CITY COUNCIL
$76,500
WORN GUNDIDJ ABORIGINAL CO-OP LTD
TOTAL
$153,900
$2,416,075
Victorian Endowment for Science, Knowledge and Innovation (VESKI)
Fellowships and School Mentoring
VESKI
$650,000
TOTAL
$650,000
VESKI Inc
VESKI
$391,500
VICTORIAN ENDOWMENT FOR SCIENCE, KNOWLEDGE & INNOVATION
LTD
$216,500
TOTAL
$608,000
Victorian Innovation Strategy
ALFRED HEALTH
$32,000
ANZA TECHNOLOGY NETWORK LIMITED
$40,000
Department of State Development, Business and Innovation Annual Report 2013-14
159
COMMONWEALTH SCIENTIFIC AND INDUSTRIAL RESEARCH
ORGANISATION
$94,042
COMPOSITES AUSTRALIA INC
$60,000
COUNCIL OF TEXTILE & FASHION INDUSTRIES OF AUSTRALIA
LIMITED
$80,000
DEPARTMENT OF ENVIRONMENT AND PRIMARY INDUSTRIES
VICTORIA
$112,500
HOWARD FLOREY INSTITUTE PTY LTD
$166,005
MEDICINES DEVELOPMENT LIMITED
$37,500
MELBOURNE HEALTH
$791,386
MONASH UNIVERSITY
$179,172
MRCF PTY LTD
$400,000
MURRAY GOULBURN CO-OPERATIVE CO LTD
$242,580
PYKSIS PTY LIMITED
$50,000
SCALE INVESTORS LIMITED
$50,000
SYNCHROTRON LIGHT SOURCE AUSTRALIA PTY LTD
$1,700
THE SONG ROOM
$7,394
UNIVERSITY OF MELBOURNE
TOTAL
$226,556
$2,570,835
Victorian Innovation Strategy - Innovation
ANZA TECHNOLOGY NETWORK LIMITED
$50,000
AVIPEP PTY LTD
$50,000
DEAKIN UNIVERSITY
$1,000,000
MEDICINES DEVELOPMENT LIMITED
$112,500
MELBOURNE WATER
$450,000
MONASH UNIVERSITY
$300,000
POLYMERS CRC LTD
$140,000
PYKSIS PTY LIMITED
$80,000
ROYAL CHILDREN'S HOSPITAL
$450,000
ROYAL VICTORIAN EYE & EAR HOSPITAL
$450,000
SCALE INVESTORS LIMITED
$100,000
UNIVERSITY OF MELBOURNE
$500,000
WESTERN HEALTH
$450,000
TOTAL
$4,132,500
Victorian Innovation Strategy - Technology
AUSTRALIAN CENTRE FOR THE MOVING IMAGE
$20,000
AXXIN PTY LTD
$62,500
BENDIGO SENIOR SECONDARY COLLEGE
$83,971
BIO 21 AUSTRALIA LIMITED
Department of State Development, Business and Innovation Annual Report 2013-14
$168,099
160
BIOMELBOURNE NETWORK INC
$5,000
CAREERLOUNGE PTY LTD
$15,000
CENTRAL HIGHLANDS AGRIBUSINESS FORUM INC
$7,500
COMMONWEALTH SCIENTIFIC AND INDUSTRIAL RESEARCH
ORGANISATION
$50,000
DEPARTMENT OF ENVIRONMENT AND PRIMARY INDUSTRIES
VICTORIA
$90,000
DONWOOD COMMUNITY AGED CARE SERVICES INC
$23,089
EUREKA ! AGRESEARCH (VIC) PTY LTD
$75,800
FEDERATION UNIVERSITY AUSTRALIA
$16,000
HOWARD FLOREY INSTITUTE PTY LTD
$166,004
JOHN MONASH SCIENCE SCHOOL
$57,000
KONNECTIVE PTY LTD
$46,000
LIFE SAVING VICTORIA LIMITED
$42,000
MELBOURNE HEALTH
$22,400
MONASH UNIVERSITY
$1,205,565
NATIONAL SAFETY AGENCY LTD
$106,680
SMALL TECHNOLOGIES CLUSTER LTD
$240,000
THE FLOREY INSTITUTE OF NEUROSCIENCE AND MENTAL HEALTH
$180,000
UNITINGCARE REGEN
$5,549
UNIVERSITY OF MELBOURNE
$44,685
VICTORIA STATE EMERGENCY SERVICE AUTHORITY
$22,000
TOTAL
$2,754,842
Victorian Research Scholarships
MONASH UNIVERSITY
$150,000
ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY
$300,000
UNIVERSITY OF MELBOURNE
$450,000
TOTAL
$900,000
Office of the Chief Operating Officer grants
Grant payments totalling $2.1 million were made to companies and organisations in 2013-14 by the
department’s office of the chief operating officer. These grants are detailed below.
Community Support Funding
BRIMBANK CITY COUNCIL
CASEY CITY COUNCIL
$60,000
$216,000
CITY OF BOROONDARA
$25,000
FRANKSTON CITY COUNCIL
$71,916
MELBOURNE CITY COUNCIL
$50,000
Department of State Development, Business and Innovation Annual Report 2013-14
161
MORELAND CITY COUNCIL
TOTAL
$5,000
$427,916
General Grants Funding
RESOURCEFUL AUSTRALIA PTY LTD
$300,000
TOTAL
$300,000
Major Events
MELBOURNE CITY COUNCIL
$150,000
TOTAL
$150,000
Melbourne Fashion Festival
MELBOURNE FASHION FESTIVAL LTD
$650,000
TOTAL
$650,000
Regional Development Australia
BRIMBANK CITY COUNCIL
$50,000
DIGITAL BUSINESS INSIGHTS PTY LTD
$70,000
EASTERN VOLUNTEER RESOURCE CENTRE INC
$20,000
GROWTH AREAS AUTHORITY
$48,000
LA TROBE UNIVERSITY
$25,000
LEADWEST LTD
$50,000
MAROONDAH CITY COUNCIL
$15,000
MELBOURNE'S NORTHERN ECONOMIC WEDGE INC
$145,000
MOONEE VALLEY CITY COUNCIL
$25,000
MORNINGTON PENINSULA SHIRE COUNCIL
$25,000
PREVENTIONXPRESS PTY LTD
$22,000
SMALL TECHNOLOGIES CLUSTER LTD
$45,000
SOUTH EAST MELBOURNE MANUFACTURERS' ALLIANCE INC
$40,000
SWINBURNE UNIVERSITY OF TECHNOLOGY
$30,000
TOTAL
$610,000
Trade, manufacturing, aviation and employment grants
The department provides assistance through a number of programs to companies and organisations to
support manufacturing, enterprise improvement, export growth, business development, promotional
activities, workforce and skills activities, economic and community development in regional Victoria, and
targeted support to small businesses in Victoria. Grant payments totalling $18 million made to organisations
in 2013-14 through the department’s trade, manufacturing, aviation and employment grants are detailed
below.
Department of State Development, Business and Innovation Annual Report 2013-14
162
Agenda for New Manufacturing
THE AUSTRALIAN INSTITUTE OF FOOD SCIENCE & TECHNOLOGY
INCORPORATED
$8,500
TOTAL
$8,500
Business Development Program - Trade Fairs and Missions
ANCA PTY LTD
$1,500
ANTICO COFFEE PTY LTD
$2,000
AUSTRALIAN PROVINCIAL CHEESE PTY LTD
$2,000
BMT WBM PTY LTD
$2,000
CT FREIGHT PTY LTD
$2,000
EAST GIPPSLAND SHIRE COUNCIL
$1,815
ENVIRONMENT ESSENTIALS PTY LTD
$2,000
FORD MOTOR COMPANY OF AUSTRALIA LIMITED
$3,000
GIPPY FOODS PTY LTD
$2,000
INTRINSIC INVESTMENT MANAGEMENT PTY LTD
$3,000
MEAT TENDER PTY LTD
$2,000
OLEX AUSTRALIA PTY LIMITED
$2,000
ORE RESEARCH & EXPLORATION PTY LTD
$2,000
PBE AUSTRALIA PTY LTD
$2,000
ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY
$2,000
RUHRPUMP SIHI AUSTRALIA PTY LTD
$2,000
SASK INTERNATIONAL EXPORT & IMPORT PTY LTD
$2,000
SENSEN NETWORKS PTY LTD
$2,000
SENTIENT VISION SYSTEMS PTY LTD
$1,002
UNIVERSITY OF MELBOURNE
$2,000
VALLEY PRECISE GLOBAL PTY LTD
$1,183
TOTAL
$41,500
Employment Start Up
10FOLD PTY LTD
$4,000
2MH CONSULTING PTY LTD
$4,000
A & K HAZELDENE PTY LTD
$4,000
A G & L M O'DONNELL
$1,000
ABOUZEID BROS INTERNATIONAL TRADING PTY LTD
$5,000
ADVANCED SERVICE CENTRE (VIC) PTY LTD
$4,000
ALL STAR BAKING PTY LTD
$1,000
ALLMAX PTY LTD
$4,000
ALREADY PLASTERED PTY LTD
$1,000
AMALGAM ENTERPRISES PTY LTD
$4,000
Department of State Development, Business and Innovation Annual Report 2013-14
163
AMI FIDELE PTY LTD
$1,000
ANDIAMO LANDSCAPING PTY LTD
$1,000
ANTHONY ROBERT ELLIS
$1,000
ANYTHING SOLAR PTY LTD
$1,000
ARCHIBLOX PTY LTD
$4,000
ATLITE (AUSTRALIA) PTY LTD
$4,000
AUSTRALIAN ASSESSMENT TECHNOLOGIES PTY LTD
$4,000
AWARD BRANDS PTY LTD
$1,000
AYMANOR PTY LTD
$1,000
B & M ELECTRIC PTY LTD
$4,000
B & P JOINERY PTY LTD
$1,000
B AND Z COLLINS ENTERPRISES PTY LTD
$1,000
B G HEATLIE & J D HEATLIE
$1,000
BAKEWORKS PTY LTD
$1,000
BARKING DOG PTY LTD
$4,000
BARWON CLUB HOTEL
$4,000
BARWON COMPUTER SOLUTIONS PTY LTD
$1,000
BASHFORD PAINTERS
$2,000
BAY SHORE ELECTRICAL & AIR CONDITIONING SERVICES
$1,000
BAYSIDE COMFORT SOLUTIONS PTY LTD
$4,000
BAY-TECH AUTOMOTIVE PTY LTD
$1,000
BB AUTO ELECTRICAL PTY LTD
$1,000
BB TECH SERVICES PTY LTD
$1,000
BELLARINE SMASH REPAIRS PTY LTD
$1,000
BEN WALLIS PTY LTD
$2,000
BILLIE JEAN HAIR PTY LTD
$1,000
BJL INVESTMENTS PTY LTD
$4,000
BK BRICKLAYING
$2,000
BLACK STALLION MOTORS PTY LTD
$4,000
BLACKCLOUD SOFTWARE PTY LTD
$1,000
BORDER CRANE CONSULTANTS PTY LTD
$8,000
BRYAN & PETERSEN INSURANCE PTY LTD
$1,000
BUSINESS PLANNING & CONTROL PTY LTD
$8,000
BUSY BEE BRUSHWARE PTY LTD
$1,000
C & J REID
$1,000
C J NICOL
$1,000
C L DAVISON & W S DAVISON
$2,000
C LEWIS CARPENTRY
$2,000
C R ELECTRICS PTY LTD
$1,000
C T DYKER & B D REID
$1,000
Department of State Development, Business and Innovation Annual Report 2013-14
164
C.A.M CONSTRUCTIONS PTY LTD
$1,000
CABINET PROFESSIONALS PTY LTD
$1,000
CABINET REPAIRS AND REPLACEMENTS
$1,000
CABINETSMITH PTY LTD
$4,000
CALLAGHAN MOTORS P/L
$1,000
CAMERON DOUEAL
$4,000
CANE CARPENTRY AND JOINERY
$1,000
CARBONLITE ENTERPRISES PTY LTD
$8,000
CC DISTRIBUTION PTY LTD
$1,000
CENTRAL CARPETS CASTLEMAINE PTY LTD
$1,000
CFJ LANDSCAPE DESIGN AND CONSTRUCTION
$2,000
CHEEKY NATURE LANDSCAPES PTY LTD
$4,000
CHOCOLATE LILY HAIR AND BEAUTY
$4,000
CHRISTOPHER ESLICK
$1,000
CONFOIL PTY LIMITED
$4,000
CONQUEST EMP PTY LTD
$1,000
COPY CONTROL PTY LIMITED
$2,000
CRW CABINETS
$1,000
CURSOL PTY LTD
$1,000
D & J OTTEN INVESTMENTS PTY LTD
$4,000
D & M T GOLDBERG
$1,000
D & R ANLEY PTY LTD
$4,000
D B & L K PEARCE
$1,000
D C & M J FREDERICKS
$1,000
D J NICHOLSON & B ROBERTSON
$4,000
D P CARPENTRY PTY LTD
$1,000
D P SHEEHAN PLUMBING & GASFITTING PTY LTD
$1,000
D P WILLINGTON & G WILLINGTON
$4,000
D SHARP & M D SHARP
$1,000
DALLAS JOHN DAFONTE
$1,000
DAMIAN VAUGHAN JOINERY PTY LTD
$4,000
DANIEL SIMPSON
$4,000
DANNY THREADGOLD PAINTING
$1,000
DARREN CLARK
$1,000
DAVENMARC INVESTMENTS PTY LTD
$5,000
DAVID GREIG CONSTRUCTIONS PTY LTD
$1,000
DAVID VALASTRO HOLDINGS PTY LTD
$1,000
DAVIS BRICKLAYING CONTRACTORS PTY LTD
$1,000
DECKS PLUS BUILDING SERVICES PTY LTD
$4,000
DESIGN STAINLESS INDUSTRIES PTY LTD
$2,000
Department of State Development, Business and Innovation Annual Report 2013-14
165
DICKSON AUTOMOTIVE PTY LTD
$4,000
DOREEN MECHANICAL PTY LTD
$1,000
DREAM MARINE PTY LTD
$1,000
DREAMTIME CONSTRUCTIONS
$1,000
DRYSDALE HOTEL PTY LTD
$1,000
DUDLEY & CO BUILDERS PTY LTD
$1,000
DUNSTONE BROTHERS PLUMBING AND ROOFING PTY LTD
$1,000
DUSTY'S BRICKLAYING PTY LTD
$2,000
E J LACK (VIC) PTY LTD
$1,000
E L CAMERA & M D CAMERA
$1,000
EAST GIPPSLAND FLOOR CONTRACTORS PROPRIETARY LIMITED
$1,000
ECOSCHEMES PTY LTD
$4,000
ESSENDON TILE COMPANY PROPRIETARY LIMITED
$1,000
EVAN BIEWER
$1,000
EVAN SCOTT KINGSTON
$1,000
EVENFLO PLASTERING PTY LTD
$1,000
EWOUD PATRICK ALEXANDER VAN DER HOEVEN
$4,000
F MYERS & G C SWALWELL
$1,000
FACILITY MANAGEMENT ASSOCIATION OF AUSTRALIA LIMITED
$1,000
FAST TRACK WELDING PTY LTD
$1,000
FICO AUSTRALIA PTY LTD
$1,000
FRASHES-R PTY LTD
$4,000
G D & J I STABB
$1,000
G N AND D J WHITWORTH
$1,000
G W S PTY LTD
$1,000
GAS CHOICE PTY LTD
$1,000
GEELONG BRAKE & CLUTCH PTY LTD
$1,000
GEELONG SATELLITE & COMMUNICATIONS PTY LTD
$1,000
GEMPIRE PTY LTD
$4,000
GEORGE THOMAS KEITH HEMMINGS
$1,000
GEORGES RESTAURANT BAR CAFE PTY LTD
$3,000
GET SPARKED ELECTRICAL CONTRACTORS PTY LTD
$1,000
GLEN LODDON HOMES PTY LTD
$1,000
GR8 WALLS OF MELBOURNE
$4,000
GUY TURNER LANDSCAPING
$1,000
H A BOFFEY & A MEZZATESTA
$4,000
H BOYD & E M VANDERMARK
$4,000
HAEUSLER'S GROUP PTY LTD
$4,000
HANCOL PTY LTD
$1,000
HANSONPORTERCURZON PTY LTD
$1,000
Department of State Development, Business and Innovation Annual Report 2013-14
166
HARDWAY SISTERS PTY LTD
$1,000
HEATHERS SWIM SCHOOL
$2,000
HOCTOR REFRIGERATION PTY LTD
$16,000
HOLLOWAY AIRCONDITIONING & PLUMBING
$1,000
HONEYEATER HAIR PTY LTD
$1,000
HOT TOP ROOFING PTY LTD
$1,000
IKON HOMES PTY LTD
$3,000
ILLINGWORTH PLUMBING PTY LTD
$5,000
IN2IT CARPENTRY CONTRACTORS
$1,000
INTEGRA SYSTEMS PTY LTD
$1,000
INVERLOCH MARINE PTY LTD
$4,000
ITCOM AUSTRALIA PTY LTD
$4,000
J & J SANDERSON
$1,000
J D READ AND S M BAKER
$4,000
J K ADAMS & P T ADAMS
$1,000
J T ELECTRICAL CONTRACTORS PTY LTD
$4,000
JACBE BUILDERS PTY LTD
$1,000
JACKSON DWELLINGS
$1,000
JACQUELINE A STACPOOL
$4,000
JADEZOL PTY LTD
$1,000
JAMES F SPINKS PROPRIETARY LIMITED
$1,000
JANINE MARY LAMB
$4,000
JASON MATTHEW BRUTY
$4,000
JASON MILLER
$1,000
JASUMIA BEAUTY SALON
$1,000
JCONSTRUCTION PTY LTD
$1,000
JELLS PARK GOURMET MEAT
$1,000
JERUSALEM CREEK MARINA & HOLIDAY PARK PTY LTD
$1,000
JOE ISSELL PAINTING
$1,000
JORDAN BEEBY
$4,000
JORDAN LAWRENCE MAIOLO
$1,000
JOSEPH PATONE
$1,000
JOSTE PTY LTD
$1,000
JTA HEALTH SAFETY & NOISE SPECIALISTS PTY LTD
$4,000
K BROWNING & N MONET
$1,000
KAIN PUGLIESE
$4,000
KATENAL PTY LTD
$9,000
KATHRYN ANNE BREED
$4,000
KEENAN CRIMMINS
$2,000
LAKE VIEW HOTEL PTY LTD
Department of State Development, Business and Innovation Annual Report 2013-14
$11,000
167
LEMON TWIST CAFE
$4,000
LINDSAY KARL RATNIK
$1,000
LOGIKON
$1,000
M & M AUTOMOTIVE PTY LTD
$1,000
M FENNEY & W J FENNEY
$5,000
M FITZPATRICK & M YOUNG
$1,000
MARKET CITY MOTORS PTY LTD
$4,000
MATTHEW JOHN BISHOP
$4,000
MAW BUILDING & MAINTENANCE PTY LTD
$4,000
MELBOURNE ROAD GROUP PTY LTD
$1,000
MENZEL GLASS PTY LTD
$4,000
MIA ELIZABETH NICOLSON
$1,000
MIDDLETONS GEELONG HEATING & COOLING PTY LTD
$8,000
MJW PLUMBING
$1,000
MORCOMBE INVESTMENTS PTY LTD
$1,000
MORLAND'S MEATS
$1,000
MOWERS GALORE PTY LTD
$1,000
MUHOR PTY LTD
$1,000
MVS BUSINESS CONSULTING L & D PROJECTS
$4,000
MYFINSOL PTY LTD
$4,000
N J KANE & A L SILVER
$1,000
NDB HOME IMPROVEMENTS PTY LTD
$1,000
NICHOL TRADING MECHANICAL SERVICES PTY LTD
$1,000
NICHOLAS LYNCH PTY LTD
$1,000
NORTH WHARF HOTEL PTY LTD
$2,000
O C PLUMBING PTY LTD
$1,000
O'BRIEN BUILDING (AUST) PTY LTD
$1,000
ONJ ELECTRICAL
$4,000
P D & L S MOLONEY
$1,000
P.A.W. PLUMBING PTY LTD
$4,000
PALERMO TILING PTY LTD
$4,000
PEELBAKE PTY LTD
$1,000
PEREZ PLUMBING PTY LTD
$1,000
PETE & MICKS BRICKLAYING
$1,000
PETER R & GINA Z DOWIE
$4,000
PLANRIGHT AUSTRALASIA PTY LTD
$1,000
PORTLAND AIRCONDITIONING & REFRIGERATION PTY LTD
$4,000
PRECISION LOCK & KEY PTY LTD
$1,000
PREDA PTY LTD
$1,000
PRESTON MOTORS (PARTS SALES) PROPRIETARY LIMITED
$1,000
Department of State Development, Business and Innovation Annual Report 2013-14
168
PROFICIENT CARPENTRY PTY LTD
$1,000
PRT BEI PTY LTD
$1,000
R & J SOBEY PTY LTD
$4,000
R & M ENGINEERING PTY LTD
$1,000
R D & R K RANKIN PTY LTD
$4,000
R J & A SAUNDERS
$4,000
RALPH MATTHEW PEET
$4,000
RAMA B AND G PTY LTD
$4,000
RBC BUSINESS SOLUTIONS (MELBOURNE) PTY LTD
$4,000
REACT PROPERTY MAINTENANCE PTY LTD
$1,000
REALMON PTY LTD
$8,000
RED EARTH FLOWERS
$1,000
REDLOW INVESTMENTS PTY LTD
$3,000
REET INTERNATIONAL PTY LTD
$1,000
RELISH 'N' THYME PTY LTD
$8,000
RHYS EVANS PTY LTD
$3,000
RICHES AUTO REFINISHING PTY LTD
$1,000
RICHMOND HILL ELECTRICAL SERVICES PTY LTD
$1,000
RICKARD HEATING PTY LTD
$1,000
RIES PLUMBING PTY LTD
$1,000
RIGHTWAY CARPENTRY PTY LTD
$1,000
RIXON MANAGEMENT SERVICES PTY LTD
$9,000
ROBERT ANTHONY GALATI
$4,000
ROBES ON LINE AUSTRALIA PTY LTD
$1,000
ROSEVALE DEVELOPMENTS PTY LTD
$1,000
ROYAL VICTORIAN AERO CLUB
$4,000
RYAN CARAFA
$4,000
S & R MCCORMACK PTY LTD
$1,000
S HOPE & S G HOPE
$1,000
S J & T A STRUCTURAL PTY LTD
$4,000
SANDHURST REFRIGERATION PTY LTD
$4,000
SCHEDULED ASSET SERVICES PTY LTD
$2,000
SCOTT SPORT PTY LTD
$1,000
SDW BRICKLAYING PTY LTD
$1,000
SODA MARKETING PTY LTD
$4,000
SORRENTO GOLF CLUB
$4,000
SPARX POWER AND DATA PTY LTD
$4,000
SPECIALISED PLUMBING & DRAINAGE PTY LTD
$8,000
STEVENS COMMUNICATIONS PTY LTD
$9,000
STEVE'S BRICKLAYING PTY LTD
$4,000
Department of State Development, Business and Innovation Annual Report 2013-14
169
SUGAR STATION PTY LTD
$2,000
T & H PANEL SERVICE PTY LTD
$1,000
T D DREW & R E GLEESON
$4,000
TALL GRASS LANDSCAPES PTY LTD
$4,000
TASBAY PTY LTD
$1,000
TBMR PTY LTD
$1,000
TEAMWORKS PERFORMANCE PTY LTD
$2,000
TEHENNEPE GROUP PTY LTD
$1,000
TEKROCK TILING
$1,000
TEMPLE HAIR PTY LTD
$1,000
THE CHEROB GROUP PTY LTD
$1,000
THE GEELONG LAMP & ELEMENT SHOPPE PTY LTD
$1,000
THE HANGMAN DOORS PTY LTD
$1,000
THE PORTSEA CAMP
$4,000
THE PREMIUM CHOCOLATE COMPANY
$1,000
THINKBIG INVESTMENTS AUST PTY LTD
$3,000
TJ'S ROOFING AUSTRALIA PTY LTD
$2,000
TOMIKIEL HOLDINGS PTY LTD
$4,000
TONDAN INVESTMENTS PTY LTD
$1,000
TOP TORQUE PERFORMANCE PTY LTD
$1,000
TOTAL PLASTER SUPPLIES PTY LTD
$1,000
TRANSFORMERS VIC PTY LTD
$1,000
TRENT JOSEPH JONES
$1,000
TRENTIAN CONSTRUCTIONS
$1,000
TTS ELECTRICS
$8,000
UNIWELD ENGINEERING PTY LTD
$1,000
VAUGHAN ELLIS PLUMBING & HYDRAULICS PTY LTD
$2,000
VELI MOTORS PTY LTD
$1,000
VENETO CLUB
$1,000
VEREKER BROS. SMASH REPAIRS PTY LTD
$1,000
W & J HOOLAHAN
$1,000
WATERMARK DOCKLANDS
$1,000
WEST FRIDGE PTY LTD
$2,000
WESTSIDE CARPETS PTY LTD
$1,000
WILFUR PTY LTD
$1,000
WILLIAM P & KARA M LAHN
$1,000
WINGATE AVENUE COMMUNITY CENTRE INC
$1,000
WONTHAGGI LIGHT ENGINES
$1,000
WOODEN PERFECTION CARPENTRY SOLUTIONS PTY LTD
$1,000
WORKPLACE TRAINING AND ADVISORY AUST. PTY LTD
$2,000
Department of State Development, Business and Innovation Annual Report 2013-14
170
YBF PTY LTD
$4,000
ZEALLY BAY SOURDOUGH PTY LTD
$1,000
ZEZEKHOM PTY LTD
$2,000
TOTAL
$681,000
Engaging India
UNIVERSITY OF MELBOURNE
$156,000
TOTAL
$156,000
Export Victoria
7 CHEFS PTY LTD
$5,051
AGLO SYSTEMS PTY LTD
$1,136
AIR-RADIATORS PTY LTD
$25,000
APEIRON ASIA PTY LTD
$2,000
ASCET INSTITUTE OF TECHNOLOGY PTY LTD
$6,825
ATECO AUTOMOTIVE PTY LIMITED
$2,000
AUSTRALASIAN FRESH PTY LTD
$2,000
AUSTRALIAN AUTOMOTIVE AFTERMARKET ASSOCIATION LIMITED
$2,000
AUSTRALIAN INSTITUTE OF TECHNICAL TRAINING PTY LTD
$2,000
AUSTRALIAN NATIONAL COLLEGE PTY LTD
$2,000
AUSTRALIAN PROVINCIAL CHEESE PTY LTD
$2,000
AUTOMOTIVE PARTS AUSTRALIA PTY LTD
$2,000
AUTOTEST PRODUCTS PTY LTD
$2,000
BLACK WIDOW ENTERPRISES PTY LTD
$2,000
BONKERS TRADING GROUP PTY LTD
$2,000
BOX HILL INSTITUTE OF TAFE
$2,000
CITY OF WHITTLESEA
$2,000
CLASSICA INTERNATIONAL PTY LTD
$1,584
CRAIG DAVIES PTY LTD
$2,000
CROW CAMS AUSTRALIA PTY LTD
$2,000
CT FREIGHT PTY LTD
$2,000
EVENT STUDIOS AUSTRALIA PTY LTD
$4,430
FEDERATION OF AUTOMOTIVE PRODUCTS MANUFACTURERS
LIMITED
$2,000
HAWTHORN LEARNING PTY LIMITED
$2,000
HERITAGE BRANDS (AUSTRALIA) PTY LTD
$10,000
HOLMESGLEN INSTITUTE OF TAFE
$2,000
IAN ENNIS AND COMPANY PTY LTD
$2,000
INNOVATIVE MECHATRONICS GROUP PTY LTD
$2,000
INUS AUSTRALIA PTY LTD
$2,000
Department of State Development, Business and Innovation Annual Report 2013-14
171
KAPS INSTITUTE OF MANAGEMENT PTY LTD
$2,000
KERR & CO TRADING PTY LTD
$2,000
LARMON PTY LTD
$2,000
MACKAY CONSOLIDATED INDUSTRIES PTY LIMITED
$2,000
MEDIATEN EUROPE CO PTY LTD
$10,000
MENZIES INSTITUTE OF TECHNOLOGY PTY LTD
$2,000
MONASH UNIVERSITY
$1,783
MRO PTY LTD
$10,000
MURRAY RIVER ORGANICS PTY LTD
$3,536
NORTHERN MELBOURNE INSTITUTE OF TAFE
$2,000
OMG IMPORTS PTY LTD
$1,317
OPPOSITE LOCK HOLDINGS PTY LTD
$2,000
ORGANIC DAIRY FARMERS OF AUSTRALIA LIMITED
$2,000
OZPRESS PTY LTD
$5,035
SETEC PTY LTD
$80,000
SHEILA BAXTER TRAINING CENTRE PTY LTD
$2,000
SINGLE SERVE PACKAGING PTY LTD
$2,000
SOUTH GIPPSLAND WINE COMPANY PTY LTD
$2,000
SOUTHERN UNITED SEAFOOD AUSTRALIA LIMITED
$1,584
STELCO CHEMICALS INTERNATIONAL PTY LTD
$2,358
SUN HEALTH FOODS PTY LTD
$2,000
SUNNY RIDGE EPICURE PTY LTD
$1,986
SWINBURNE COLLEGE PTY LTD
$2,000
THE REGIMENTAL CONDIMENT COMPANY PTY LTD
$7,357
TRAINING SENSE PTY LTD
$7,864
TRANSPLUMB GROUP PTY LTD
$2,033
VICTORIA UNIVERSITY
$2,000
WILLIAM ANGLISS INSTITUTE OF TAFE
$2,000
YARRA VALLEY SNACK FOODS PTY LTD
$2,000
TOTAL
$264,879
Geelong Manufacturing Council
GMIC LTD
$179,433
TOTAL
$179,433
Greater Geelong Industry Fund
ASSOCIATED KILN DRIERS PTY LTD
BATES PIPES GEELONG PTY LTD
$125,000
$30,000
CARBON REVOLUTION PTY LTD
$100,000
EXPRESS PROMOTIONS AUSTRALIA PTY LTD
$165,000
Department of State Development, Business and Innovation Annual Report 2013-14
172
FARM FOODS PTY LTD
IXL METAL CASTINGS PTY LTD
TOTAL
$215,000
$60,000
$695,000
Hamer Scholarships
ALEXANDRA DUNGEY
$10,000
ANDREW BENHAM
$5,000
ANNA STREMPEL
$10,000
ANTONIA HODGMAN
$10,000
BRYANT SOORKIA
$10,000
CASSIDY MCDONALD
$10,000
CHELSEA HILSBERG
$15,000
CHRIS BILLINGTON
$10,000
DAVID NGO
$7,500
ELIZABETH JOHNSTON
$15,000
EMMA DOCKERY
$10,000
HA LE
$10,000
JAIME BERRILL
$10,000
JAMES MUGODO
$10,000
JESSE MICIC
$10,000
JOSH POWER-SANDERS
$15,000
KATE GREALY
$10,000
LINDSAY GODING
$10,000
LISA RENKIN
$10,000
MARK GIFFORD
$10,000
MATTHEW COUPER
$15,000
NATALIE LILFORD
$10,000
PHILIP HILTON
$10,000
REANDRA JUWONO
$10,000
REBECCA LAKE
$10,000
ROBERT BROWNE
$10,000
ROBERT MALCOLM
$10,000
SAMUEL BASHFIELD
$15,000
SCARLETT MCLEAN
$15,000
SERGEY POCHEVSKIY
$15,000
TESS MATTHEWS
$10,000
TYLER GLEASON
$10,000
VICTORIAN EMPLOYERS CHAMBER OF COMMERCE AND INDUSTRY
$40,000
ZACHARY RUDD
$10,000
ZENO JAGER
$10,000
Department of State Development, Business and Innovation Annual Report 2013-14
173
TOTAL
$407,500
Industry Capability Network - Whole of Government
INDUSTRY CAPABILITY NETWORK (VICTORIA) LIMITED
$1,427,500
TOTAL
$1,427,500
International Education
ESSENDON FOOTBALL CLUB
$50,000
HUONG DANG THI
$20,000
JENNY BATNAG
$10,000
XIAOCUI CATHERINE LOU
$10,000
TOTAL
$90,000
International Education Strategy
ESSENDON FOOTBALL CLUB
$80,000
TOTAL
$80,000
International Student Care Services
MONASH UNIVERSITY
SWINBURNE UNIVERSITY OF TECHNOLOGY
TOTAL
$120,000
$60,000
$180,000
Investing in Manufacturing Technology
A & L WINDOWS PTY LTD
ABEY AUSTRALIA PTY LTD
$48,800
$125,000
AIR-RADIATORS PTY LTD
$87,000
ALFRED LEWIS ENGINEERING PTY LTD
$63,000
AMR HEWITTS PRINTPACKAGING PTY LTD
$110,000
ANDREW ENGINEERING (AUST) PTY LTD
$53,000
ARMACELL AUSTRALIA PTY LTD
$54,900
ATCO ENGINEERING PTY LTD
$24,000
AUSTRALIAN MINT OILS AND FLAVOURS PTY LTD
$20,000
AUSTRALIAN VALVE & ENGINEERING PTY LTD
$50,000
BERLISS PTY LTD
COVERCRAFTDIGITAL PTY LTD
$125,000
$35,000
DECOR ENGINEERING (AUST) PTY LTD
$100,000
DIAMOND DELL PTY LTD
$140,000
EGOTRADE PTY LTD
$115,000
EPPING TIMBER PREFAB CO PTY LTD
Department of State Development, Business and Innovation Annual Report 2013-14
$80,804
174
ESSENTIAL FLAVOURS AND INGREDIENTS PTY LIMITED
$85,650
FABTRONICS AUSTRALIA PTY LTD
$238,900
FIBREMAKERS AUSTRALIA PTY LTD
$138,000
FOODMACH PTY LTD
$181,000
GEORGE LOVITT (MANUFACTURING) PROPRIETARY LIMITED
$125,000
GIORGIO DENTAL LABORATORY PTY LTD
$17,250
GLASSCO AUSTRALIA PTY LTD
$125,000
GSA INDUSTRIES (AUST) PTY LTD
$125,000
HAKUBAKU AUSTRALIA PTY LTD
$37,500
HM ENGINES PTY LTD
$61,000
IMPLANT SOLUTIONS PTY LTD
$37,200
INDUSTRIAL BRUSHWARE PTY LTD
$100,000
INTERVET AUSTRALIA PTY LTD
$25,000
JARDAN AUSTRALIA PTY LTD
$49,378
JEFF SYKES & ASSOCIATES PTY LTD
$62,500
K H EQUIPMENT PTY LTD
KEECH CASTINGS AUSTRALIA PTY LIMITED
$100,800
$70,000
KOSDOWN PRINTING CO PTY LTD
$102,200
KRUEGER TRANSPORT EQUIPMENT PTY LTD
$125,000
LONGWARRY FOOD PARK PTY LTD
$250,000
MELBOURNE DESK COMPANY PTY LTD
$190,000
MINIFAB (AUST) PTY LTD
$57,000
PENTAL LIMITED
$40,850
PLASTOOL INTERNATIONAL PTY LTD
$176,200
RADEVSKI COOLSTORES PTY LTD
$125,000
RAMELA PTY LTD
$163,000
RELAY MONITORING SYSTEMS PTY LTD
$250,000
SATELIGHT DESIGN PTY LTD
$26,200
SYRINX PHARMACEUTICALS PTY LTD
$125,000
THE CAKE SYNDICATE PTY LTD
$125,000
THINK FENCING PTY LTD
$93,000
TRIMAS CORPORATION PTY LTD
$125,000
TRU-BLU OIL AUSTRALIA PTY LTD
$63,000
WATTLE ORGANIC FARMS PTY LTD
$42,000
WETSPOT CONSOLIDATED (VIC) PTY LTD
$57,000
TOTAL
$4,946,132
Manufacturing Productivity Networks
ADVANCED MANUFACTURING CRC LIMITED
AUSTRALIAN INDUSTRY & DEFENCE NETWORK - VICTORIA INC
Department of State Development, Business and Innovation Annual Report 2013-14
$150,000
$40,000
175
AUSTRALIAN MANUFACTURING TECHNOLOGY INSTITUTE LTD
AUTOCRC LTD
$30,000
$250,000
AVIATION/AEROSPACE AUSTRALIA LTD
$10,000
DMTC LIMITED
$40,000
HIGH PERFORMANCE CONSORTIUM LIMITED
HUME CITY COUNCIL
MELBOURNE'S WEST EXPORT NETWORK INC
$100,000
$29,816
$6,000
PREMIUM AUSTRALIAN FOODS PTY LTD
$75,000
RECREATIONAL VEHICLE MANUFACTURING ASSOCIATION OF
AUSTRALIA LIMITED
$10,000
SOUTH EAST MELBOURNE MANUFACTURERS' ALLIANCE INC
$20,000
SWINBURNE UNIVERSITY OF TECHNOLOGY
$49,000
THE VICTORIAN VERNIER SOCIETY INC
$13,000
TOTAL
$822,816
Regional Aviation Fund
ECHUCA AERO FUEL PTY LTD
$70,000
GANNAWARRA SHIRE COUNCIL
$269,000
GOLDEN PLAINS SHIRE COUNCIL
$893,943
GREATER BENDIGO CITY COUNCIL
$300,000
LATROBE CITY COUNCIL
$100,000
NORTHERN GRAMPIANS SHIRE COUNCIL
$291,000
WANGARATTA RURAL CITY COUNCIL
$150,000
WEST WIMMERA SHIRE COUNCIL
TOTAL
$53,270
$2,127,213
Regional Blueprint - Innovation Through Clusters
BALLARAT ICT LTD
$10,300
CITY OF GREATER GEELONG
$30,000
COMMITTEE FOR PORTLAND INC
$10,000
EAST GIPPSLAND FOOD CLUSTER INCORPORATED
$40,000
EAST GIPPSLAND SHIRE COUNCIL
$5,000
ENTERPRISE ADVANTAGE PTY LTD
$20,000
FRAME & TRUSS MANUFACTURERS ASSOCIATION OF AUSTRALIA
LIMITED
$10,000
GMIC LIMITED
$260,000
MILDURA DEVELOPMENT CORPORATION INC
$2,782
VICTORIAN ASSOCIATION OF MICROBREWERIES INC
$8,000
WIMMERA DEVELOPMENT ASSOCIATION INCORPORATED
$24,500
WOOD PRODUCTS VICTORIA LTD
$15,000
TOTAL
Department of State Development, Business and Innovation Annual Report 2013-14
$435,582
176
Regional Blueprint - Industry Capability Network
INDUSTRY CAPABILITY NETWORK (VICTORIA) LIMITED
$521,293
TOTAL
$521,293
Transition to a Global Future
ABLE INDUSTRIES ENGINEERING PTY LTD
$4,000
AUSTRALIAN INDUSTRY & DEFENCE NETWORK INC - VICTORIA
$22,500
AUTOCRC LTD
$31,500
CALBAH INDUSTRIES PTY LTD
$125,000
DIVER METAL PRODUCTS PTY LTD
$150,000
ELECTROMOLD AUSTRALIA PTY LTD
OMNIBLEND PTY LTD
$4,000
$90,000
QINETIQ PTY LTD
$4,000
RPC TECHNOLOGIES PTY LTD
$4,000
UNIVERSAL LOGIC PTY LTD
$115,000
WILSON TRANSFORMER COMPANY PROPRIETARY LIMITED
$250,000
TOTAL
$800,000
VGBO’s International Network
AUSTRALIA-CHINA YOUTH DIALOGUE
$10,000
TOTAL
$10,000
Victoria - Leader In Learning
MELBOURNE CITY COUNCIL
$50,000
TOTAL
$50,000
Victorian Industry and Manufacturing Strategy
SAMMITR (AUSTRALIA) PTY LTD
$20,505
TOTAL
$20,505
Victorian International Engagement Strategy – Trade
7 CHEFS PTY LTD
$7,398
A B FOOD & BEVERAGES AUSTRALIA PTY LIMITED
$2,000
A C SMART LINK PTY LTD
$3,000
A L C TRADING CO PTY LTD
$2,000
A MAZE N THINGS PTY LTD
$9,000
ABATEMENT SOLUTIONS - ASIA PACIFIC PTY LTD
$2,000
ACCURATE PROFILE ROLL FORMING PTY LTD
$3,000
ACTIV INTERNATIONAL PTY LTD
$6,000
Department of State Development, Business and Innovation Annual Report 2013-14
177
ADDICTIVE ENTERTAINMENT AND TOURS PTY LTD
$2,864
ADVANCE VISION TECHNOLOGY (AUST.) PTY LTD
$6,000
AESP PTY LTD
$2,000
AFM INVESTMENT PARTNERS PTY LTD
$3,000
AGRIBUSINESS GIPPSLAND INC
$5,346
AGRO COMMODITIES PTY LTD
$3,000
AGROPRAISALS PTY LTD
$2,429
AINE MURPHY
$15,000
AINSLEY BUDGE
$5,000
AIR INTERNATIONAL THERMAL (AUSTRALIA) PTY LTD
$3,000
ALFRED HEALTH
$6,000
ALIGNER TECH PTY LTD
$3,000
ALISTAIR ROBERTSON
$10,000
ALLEN KUZMANOVIC
$15,000
ALMOND BOARD OF AUSTRALIA INC
$5,000
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATION OF
VICTORIA INC
$1,855
AMAROO SHOREHAM PTY LIMITED
$6,000
AME SYSTEMS PTY LTD
$3,000
ANDERYAN PTY LTD
$3,000
ANISH KAMALKISHORE BAHETI
$3,000
ANNEX FOODS PTY LTD
$10,750
APPLE & PEAR AUSTRALIA LIMITED
$6,000
APW INTERNATIONAL PTY LTD
$2,000
AQUADEV PTY LTD
$2,056
ARARAT ABATTOIRS EXPORTS PTY LTD
$3,000
ARARAT MEAT EXPORTS PTY LTD
$6,000
ARGO COMPUTING SERVICES PTY LTD
$2,846
ASCET INSTITUTE OF TECHNOLOGY PTY LTD
$1,958
ASSOCIATED CONTROLS (AUSTRALIA) PTY LTD
$3,000
ATC WILLIAMS PTY LTD
$2,000
ATLANTIC GROUP (V) PTY LTD
$3,000
ATLAS ADVISORS AUSTRALIA PTY LTD
$2,000
ATLITE (AUSTRALIA) PTY LTD
$6,000
AULIFE PTY LTD
$2,000
AURECON AUSTRALIA PTY LTD
$2,646
AUSPRO GROUP PTY LTD
$3,000
AUSSIEHOME REAL ESTATE PTY LTD
$5,000
AUSTAR INTERNATIONAL PTY LTD
$3,000
AUST-GRAIN EXPORTS PTY LTD
$3,000
AUSTRALASIAN ACADEMY OF TENNIS COACHES PTY LTD
$4,845
Department of State Development, Business and Innovation Annual Report 2013-14
178
AUSTRALASIAN PODIATRY COUNCIL
$3,000
AUSTRALASIAN WINE EXPORTERS PTY LTD
$9,377
AUSTRALIA CHINA BUSINESS COUNCIL
$3,000
AUSTRALIA FRUITS PTY LTD
$2,789
AUSTRALIA LIAN HE PTY LTD
$5,000
AUSTRALIAN AUTOMOTIVE AFTERMARKET ASSOCIATION LIMITED
$5,000
AUSTRALIAN CHUMMIN PTY LTD
$3,000
AUSTRALIAN CONSOLIDATED MILK PTY LTD
$3,000
AUSTRALIAN DAIRY PARK PTY LTD
$3,000
AUSTRALIAN FINE FOODS PTY LTD
$8,000
AUSTRALIAN INDUSTRY & DEFENCE NETWORK - VICTORIA INC
$2,000
AUSTRALIAN INSTITUTE OF TECHNICAL TRAINING PTY LTD
$6,000
AUSTRALIAN LAMB COMPANY PTY LTD
$3,000
AUSTRALIAN NATIONAL COLLEGE PTY LTD
$6,000
AUSTRALIAN ORGANIC HONEY COMPANY PTY LIMITED
$2,000
AUSTRALIAN PRIME XPORT BEEF PTY LTD
$3,000
AUSTRALIAN PROVINCIAL CHEESE PTY LTD
$8,000
AUSTRALIAN TABLEGRAPE ASSOCIATION INC
$5,000
AUSTRALIAN UNITY LIMITED
$3,000
AUSTRALIAN WINE TOUR COMPANY PTY LTD
$6,000
AUTOCRC LTD
$3,000
AUTOMOTIVE PERFORMANCE SOLUTIONS PTY LTD
$2,841
AV ASSIST PTY LTD
$3,000
AVALON AIRPORT AUSTRALIA PTY LTD
$6,000
AVARA TECHNOLOGIES PTY LTD
$2,744
AVIA AIRCRAFT PTY LTD
$3,000
AVIATION COMPLIANCE SOLUTIONS PTY LTD
$3,000
AXFORD OLSZEWSKI STRATEGIES PTY LTD
$3,000
B BURRELL & S J FRIEND
$2,000
B W & J RYAN PROPRIETARY LIMITED
$3,000
BAPTISTA WINES PTY LTD
$3,000
BARKLY INTERNATIONAL COLLEGE PTY LTD
$3,000
BARRO GROUP PTY LTD
$6,000
BARRY PIPPIN
BELLINGHAM MARINE AUSTRALIA PTY LTD
BEMCO (AUSTRALIA) PTY LTD
BENDIGO TAFE
BENJAMIN BUCHANAN
$10,000
$3,000
$12,000
$3,000
$15,000
BEONIC TECHNOLOGIES PTY LTD
$2,271
BERKELEY COLLEGE PTY LTD
$6,000
Department of State Development, Business and Innovation Annual Report 2013-14
179
BERRAWORTH EXPORTS PTY LTD
$3,000
BGH INTERNATIONAL PTY LTD
$2,503
BGP INTERNATIONAL PTY LTD
$3,000
BIBTECH PTY LTD
$3,000
BIM CONSULTING PTY LTD
$3,000
BISON UNITED PTY LTD
$5,842
BIZ CATALYST PTY LTD
$2,821
BJSB PTY LTD
$3,000
BLACKJACK WINES PTY LTD
$3,000
BLEND AND PACK PTY LTD
$3,000
BLERICK PTY LTD
$3,000
BLUE BIRD PRODUCTS AUSTRALIA PTY LTD
$3,000
BLUE PYRENEES ESTATE PTY LTD
$6,813
BLUESTARS REAL ESTATE PTY LTD
$3,000
BODSQUAD AUSTRALIA PTY LTD
$2,000
BOGDAN INVESTMENTS PTY LTD
$6,866
BONKERS TRADING GROUP PTY LTD
$8,000
BOUTIQUE BEVERAGES (VIC) PTY LTD
$1,808
BOX GROVE VINEYARD
$3,000
BOX HILL INSTITUTE OF TAFE
$11,600
BRIGHTSTONE CAPITAL ADVISORS PTY LTD
$5,000
BRIMIN PARK PTY LTD
$3,000
BROKERS ENVIRONMENTAL PTY LTD
$7,000
BROWN BROTHERS MILAWA VINEYARD PTY LIMITED
$2,000
BUCHAN GROUP INTERNATIONAL PTY LTD
$3,000
BULPADOK PTY LTD
$3,000
BURRA FOODS PTY LTD
$3,000
BUSH HERITAGE AUSTRALIA
$2,000
BUSINESS INTELLIGENCE TECHNOLOGIES PTY LTD
$6,000
C LEARNING PTY LTD
$3,000
C S & N S MARCH PTY LTD
$5,000
C T FREIGHT PTY LTD
$5,015
CAPRICORNIA PTY LTD
$9,000
CARAMELICIOUS
$2,000
CARBON MARKET INSTITUTE LIMITED
$1,910
CAREER LIFE COLLEGE PTY LTD
$3,000
CAREERS FAST TRACK PTY LTD
$2,000
CASALINGO FOODS PTY LTD
$2,000
CASTLE TOURISM AND ENTERTAINMENT PTY LTD
$3,000
CATALYST ASIA TRADE EXCHANGE (AUS) PTY LTD
$3,000
Department of State Development, Business and Innovation Annual Report 2013-14
180
CBRE (C) PTY LIMITED
$3,000
C-COR BROADBAND AUSTRALIA PTY LTD
$3,000
CEDAR MEATS (AUST) PTY LIMITED
$2,000
CEI PTY LIMITED
$3,000
CELEMETRIX AUSTRALIA PTY LTD
$3,000
CENTRAL GIPPSLAND INSTITUTE OF TAFE
$3,000
CENTRAL HIGHLANDS AGRIBUSINESS FORUM INC
$5,642
CENTRE FOR AGRICULTURE AND BUSINESS YARRA VALLEY INC
$5,704
CERTAINTY COMPLIANCE PTY LTD
$2,000
CERTATECH HOLDINGS PTY LTD
$3,000
CERTIFIED FRESH (AUSTRALIA) PTY LTD
$3,000
CETEC PTY LTD
$3,000
CHAMBER MUSIC AUSTRALIA INC
$3,000
CHASSIS BRAKES INTERNATIONAL (AUSTRALIA) PTY LTD
$1,044
CHATEAU YERING HISTORIC HOUSE HOTEL PTY LTD
$3,000
CHERIE MACKLIN
$10,000
CHERISH INTERNATIONAL PTY LTD
$3,000
CHISHOLM INSTITUTE OF TECHNICAL AND FURTHER EDUCATION
$4,603
CIRCA GROUP PTY LTD
$3,000
CITOLA LTD
$9,000
CITRUS AUSTRALIA LTD
$2,658
CITY LIVING (AUST) PTY LTD
$3,000
CITY OF GREATER GEELONG
$3,000
CITY OF WHITTLESEA
$2,000
CLAIRE SHEED-FINCK
$10,000
CLARINOX TECHNOLOGIES PTY LTD
$3,000
CLEAN TEQ LIMITED
$2,000
COMMSFORCE PTY LTD
$3,000
COMPELLING ECONOMICS PTY LTD
$3,000
COMPLETE POST PRODUCTION CENTRE PTY LTD
$3,000
COMPUTIST BIO-NANOTECH PTY LTD
$3,000
CONSTRAINT TECHNOLOGIES INTERNATIONAL PTY LIMITED
$4,857
CONTEMPLATIVE PTY LTD
$2,000
CONTRACT HELIS PTY LTD
$3,000
CONTRACT KEGS PTY LTD
$5,000
CORONA MANUFACTURING PTY LTD
$3,000
COUNTRY CUISINE (AUST) PTY LTD
$6,000
COX ARCHITECTURE PTY LTD
$3,000
CPT GLOBAL LIMITED
$6,000
CRAIG DAVIES PTY LTD
$2,000
Department of State Development, Business and Innovation Annual Report 2013-14
181
CRC FOR WATER SENSITIVE CITIES LTD
$3,000
CROW CAMS AUSTRALIA PTY LTD
$2,000
CROWN MELBOURNE LIMITED
$6,000
CRUSHING EQUIPMENT PTY LTD
$2,000
CUMPARI PASTA COMPANY PTY LTD
$5,550
DAIRY AUSTRALIA LIMITED
$3,000
DAKKA TRADING PTY LTD
$3,000
DAVID LOCK ASSOCIATES (AUSTRALIA) PTY LTD
$2,956
DAYCO AUSTRALIA PTY LIMITED
$3,000
DC CAPITAL ADVISORS PTY LTD
$5,000
DEAKIN UNIVERSITY
$8,779
DESTINATION PHILLIP ISLAND INC
$8,583
DISCOVER ENGLISH PTY LTD
$4,994
DOOEN ENGINEERING SERVICES PTY LTD
$3,000
DOWNUNDER RECREATIONAL TOURS PTY LTD
$7,412
DPMENG PTY LTD
$7,994
DRIVER EDUCATION CENTRE OF AUSTRALIA LIMITED
$3,000
DULUXGROUP (AUSTRALIA) PTY LTD
$6,000
DURATRAY INTERNATIONAL PTY LTD
$2,000
DZHON PTY LTD
$2,000
EACH
$3,000
EARTH SYSTEMS CONSULTING PTY LTD
$5,497
EAST GIPPSLAND FOOD CLUSTER INCORPORATED
$5,852
EASYCHEF PTY LTD
$2,000
E-CENTRICINNOVATIONS PTY LTD
$3,000
ECO PACIFIC PTY LTD
$3,000
ECOTECH PTY LTD
$4,382
EEC INTERNATIONAL PTY LTD
$3,000
ELENBERG FRASER PTY LTD
$3,000
EMERALD GRAIN PTY LTD
$3,000
EMERALD TOURIST RAILWAY BOARD
$8,844
EMERGENCY WARNING SYSTEMS PTY LTD
$5,999
ENTERPRISE ARCHITECTS (VIC) PTY LTD
$3,000
ENVEST ECO CITY PTY LTD
$3,000
ENVIROSTREAM SOLUTIONS PTY LTD
$3,000
EPWORTH FOUNDATION
$3,000
EQUUS INTERNATIONAL
$3,000
ESSENTIAL ECONOMICS PTY LTD
$3,000
ESSENTIAL FLAVOURS AND INGREDIENTS PTY LIMITED
$3,000
EVANS AND PARTNERS PTY LTD
$3,000
Department of State Development, Business and Innovation Annual Report 2013-14
182
EVISION PTY LIMITED
$6,000
EXASITES PTY LTD
$2,917
EXCELCON PTY LTD
$3,000
EXCELSIOR INTERNATIONAL PTY LIMITED
$2,785
EXQUISINE PTY LTD
$6,000
EXTRAGREEN HOLIDAYS (AUST) PTY LTD
$3,000
F R PERRY & ASSOCIATES PTY LTD
$2,774
FABRIC GROUP PTY LTD
$3,000
FALCON CAPITAL PTY LTD
$3,933
FARINET PTY LTD
$2,765
FBT-TRANSWEST PTY LTD
$3,000
FELIX DOMUS PTY LIMITED
$3,000
FENDER KATSALIDIS (AUST) PTY LTD
$3,000
FIDELIA SYSTEMS (AUSTRALIA) PTY LTD
$8,018
FLASHFX PTY LTD
$2,927
FLEXANSWER SOLUTIONS PTY LTD
$3,000
FLIGHT TECH AEROSPACE
$3,000
FLOWERDALE SPROUT FARM PTY LTD
$1,497
FMEVOLUTION PTY LTD
$2,775
FOOD FOR HEALTH PTY LTD
$3,000
FOURSIGHT ARCHITECTS PTY LTD
$3,000
FRACTAL MULTIMEDIA PTY LIMITED
$3,000
FREE TO ROAM AUSTRALIA PTY LTD
$3,000
FRESH VENT PTY LTD
$5,468
FREWSTAL PTY LTD
$3,000
FULCRUM MANUFACTURING EXPORT PTY LTD
$3,000
G21 AGRIBUSINESS FORUM INC
$5,653
GADENS LAWYERS
$3,000
GAMM FOODS PTY LTD
$2,000
GAP AUSTRALIAN PRODUCE EXPORTS PTY LTD
$3,000
GASCO PTY LTD
$2,000
GAUDI DESIGN PTY LTD
$3,000
GDV GLOBAL DIGITAL VISION PTY LTD
$2,616
GEELONG PERFORMING ARTS CENTRE
$2,887
GELATAVITA MANAGEMENT PTY LTD
$3,000
GENIUS LINK ASSETS MANAGEMENT PTY LTD
$2,388
GENIX VENTURES PTY LTD
$7,968
GEO AUSTRALIA PTY LTD
$2,000
GET LOST TRAVEL PTY LTD
$3,000
GILES WADE PRIVATE WEALTH PTY LTD
$3,000
Department of State Development, Business and Innovation Annual Report 2013-14
183
GIPPY FOODS PTY LTD
$9,000
GLEN CAMERON NOMINEES PTY LTD
$3,000
GLICKS CAKES & BAGELS PTY LTD
$2,000
GLOBAL BALLOONING AUSTRALIA PTY LTD
$9,000
GLOBAL EDUCATION AND TRAINING GROUP PTY LTD
$3,000
GMS COMPOSITES PTY LTD
$2,000
GOLDQUEST HOTELS PTY LIMITED
$3,000
GOONA WARRA VINEYARD PTY LTD
$10,000
GOULBURN ENTERPRISES (AUSTRALIA) PTY LTD
$3,000
GOULBURN OVENS INSTITUTE OF TAFE
$3,000
GRAHAM JONES INTERNATIONAL PTY LTD
$2,804
GRANDCITY (AUSTRALIA) TRAVEL & TOUR PTY LTD
$3,000
GRAY LINE OF MELBOURNE PTY LTD
$8,428
GREAT SOUTHERN TOURING ROUTE INC
$9,000
GREAT SOUTHERN WATERS PTY LTD
$3,000
GREENARD WILLING INDIA PTY LTD
$3,000
GREENARD WILLING PTY LTD
$3,000
HARCOURT VALLEY VINEYARDS PTY LTD
$10,000
HARVEST BOX PTY LTD
$9,000
HATLAR GROUP PTY LTD
$6,000
HEALTH CAREERS INTERNATIONAL PTY LTD
$3,000
HELI-SERV PTY LTD
$3,000
HF PROMOTIONS PTY LTD
$6,000
HOLMESGLEN INSTITUTE OF TAFE
$3,000
HOOGWEGT AUSTRALIA PTY LTD
$3,000
HUW SLATER
$5,000
HYDRONUMERICS PTY LTD
$7,000
HYPERLOCAL PTY LTD
$4,870
IAN PARKER
$5,000
IBUILD DEVELOPMENTS PTY LTD
$3,000
INDEPENDENT MANAGEMENT GROUP PTY LTD
$2,026
INFOACTIV LOGISTICS SOLUTIONS PTY LTD
$3,000
INFRARISK PTY LTD
$3,000
INNOVATIVE MECHATRONICS GROUP PTY LTD
$3,000
INTEGR8TIV PTY LTD
$3,000
INTEGRATED DESIGN & ENGINEERING SOLUTIONS PTY LTD
$3,000
INTERAUST FOODS PTY LTD
$5,000
INTERNATIONAL EDUCATION ACADEMIES GROUP PTY LTD
$2,708
INTERNATIONAL MARKETING AUSTRALIA PTY LTD
$8,000
INTERNATIONAL SUPPLIES & DISTRIBUTION COMPANY PTY LTD
$4,772
Department of State Development, Business and Innovation Annual Report 2013-14
184
INTERNATIONAL URBAN STRATEGIES PTY LTD
$5,790
INTRINSIC INVESTMENT MANAGEMENT PTY LTD
$3,000
IPM TECHNOLOGIES PTY LTD
$3,000
IROAM GLOBAL PTY LTD
$2,826
I-TELERAD PTY LTD
$3,000
ITO EN AUSTRALIA PTY LIMITED
$2,000
JACK DWYER
$10,000
JARROD CLAGUE
$15,000
JDLF INTERNATIONAL PTY LTD
JOE SWEENEY
$6,000
$10,000
JOHN RONEY
$5,000
JOLET UCCHINO
$3,000
JOSHUA HEMMING
JUDY DIANNE MAYALL
JULIEN LEYRE
$10,000
$2,000
$10,000
KADU F & B SOLUTIONS PTY LTD
$3,000
KANGAN INSTITUTE
$8,945
KAREN KNOWLES ENTERPRISES PTY LTD
$5,000
KBSG PTY LTD
$3,000
KERR & CO TRADING PTY LTD
$3,000
KEY CREATIVE PTY LTD
$6,000
KILBAHA PTY LTD
$2,659
KIM FLETCHER MILLINERY ART
$4,845
KINGFISHER INTERNATIONAL PTY LTD
$3,000
KINRARA PTY LTD
$2,000
KOALA COUNTRY ORCHARDS PTY LTD
$3,000
KOKO BLACK GROUP PTY LTD
$2,476
KOOKA'S COUNTRY COOKIES PTY LTD
$2,000
KOTCH ENTERPRISES PTY LTD
$3,000
KUWAII
$2,000
L & B WORLDWIDE AUSTRALIA PTY LTD
$3,000
LA TROBE UNIVERSITY
$9,000
LAB ARCHITECTURE STUDIO PTY LTD
$3,000
LADYS CREEK VINEYARD
$3,000
LANGREY INTERNATIONAL PTY LTD
$12,000
LANGUAGE PARTNER PTY LTD
$3,000
LATROBE CITY COUNCIL
$3,000
LEADING AGE SERVICES AUSTRALIA - VICTORIA
$6,000
LEARNING DIMENSIONS NETWORK PTY LTD
$3,000
LENBRIDGE FORGE PTY LTD
$3,000
Department of State Development, Business and Innovation Annual Report 2013-14
185
LEO PRIESTNALL
$15,000
LISA BARRON PTY LTD
$2,000
LISKIBRAE PTY LTD
$3,000
LONG FENG INTERNATIONAL AUSTRALIA PTY LTD
$2,418
M NGUYEN & V A NGUYEN
$2,000
M3 PROPERTY (VIC) PTY LTD
$3,000
MADE (AUST) PTY LTD
$3,000
MAINLINE AUTOMOTIVE EQUIPMENT PTY LTD
$3,000
MAINSTREAM AQUACULTURE PTY LTD
$8,000
MALVERN INSTITUTE PTY LTD
$3,000
MANALLACK PROPRIETARY LIMITED
$3,000
MANDEL TRADING PTY LTD
$3,000
MANDURANG VALLEY WINES
$3,000
MARINE TECH INDUSTRIES AUSTRALIA PTY LTD
$2,564
MARWA FOODS PTY LTD
$3,000
MATIM PTY LTD
$6,000
MBD ENERGY LIMITED
$3,000
MCCARTHY PSYCHOLOGY SERVICES PTY LTD
$3,000
MCG INTERNATIONAL PTY LTD
$2,000
MCLEAN DELMO BENTLEYS PTY LTD
$5,000
MCLEOD RAIL PTY LTD
$2,000
MCOMMS DESIGN PTY LTD
$3,000
MEAT TENDER PTY LTD
$10,000
MEATENG PTY LTD
$9,000
MECWA
$3,000
MEDHURST WINES PTY LTD
$3,000
MEDIA EQUATION PTY LTD
$2,990
MEDIAPROXY PTY LTD
$3,000
MEGA CONSOLIDATED AUSTRALIA PTY LTD
$2,000
MELBOURNE BUSINESS COACHING PTY LTD
$2,000
MELBOURNE CITY COUNCIL
$6,000
MELBOURNE CONVENTION BUREAU LIMITED
$4,513
MELBOURNE EUREKA TOWER OBSERVATION DECK PTY LTD
$6,000
MELBOURNE HEALTH
$3,000
MELBOURNE PRIVATE TOURS
$2,727
MELBOURNE SHORT STAY APARTMENTS PTY LTD
$6,000
MEMKO PTY LTD
$3,000
MEREDITH DAIRY PTY LTD
$6,000
METALSA AUSTRALIA PTY LIMITED
$3,000
MEYA INNOVATIONS PTY LTD
$6,000
Department of State Development, Business and Innovation Annual Report 2013-14
186
MIDDLE CREEK VINEYARD PTY LTD
$4,869
MIGENIUS PTY LTD
$3,000
MILSPEC MANUFACTURING PTY LTD
$2,000
MIND BLOWING FILMS PTY LTD
$5,000
MINNIS HORTICULTURAL SERVICES PTY LTD
$2,161
MINT PERSONNEL PTY LTD
$3,000
MINT TRAINING PTY LTD
$3,000
MODO ARCHITECTURE PTY LTD
$3,000
MONARCH INSTITUTE PTY LTD
$3,000
MONASH UNIVERSITY
$12,000
MOORABBIN AIRPORT CORPORATION PTY LIMITED
$3,000
MORGAN STANLEY WEALTH MANAGEMENT AUSTRALIA PTY LTD
$2,000
MORNINGTON PENINSULA SHIRE COUNCIL
$9,000
MORSEAIR SYSTEMS PTY LTD
$2,000
MOUNT BULLER AND MOUNT STIRLING RESORT MANAGEMENT
BOARD
$6,000
MULTIPANEL PTY LTD
$3,000
MURPHY TRANSPORT SOLUTIONS PTY LTD
$3,000
MURRAY RIVER ORGANICS PTY LTD
$12,000
MURRINDINDI VINEYARDS PTY LTD
$3,000
MUSEUM OF CHINESE AUSTRALIAN HISTORY INCORPORATED
$3,000
MYL PTY LTD
$3,000
N D Y MANAGEMENT PTY LTD
$2,000
NAGAMBIE WINE CORPORATION PTY LTD
$3,000
NATIONAL AGEING RESEARCH INSTITUTE LIMITED
$3,000
NEGOTIACTION PTY LTD
$3,000
NET BALANCE MANAGEMENT GROUP PTY LTD
$5,000
NEUROSCIENCES VICTORIA LIMITED
$3,000
NEXT DIGITAL GROUP PTY LTD
$2,886
NEXTEER AUTOMOTIVE AUSTRALIA PTY LTD
$2,923
NEXUS DESIGNS PTY LTD
$3,000
NEZKOT PTY LIMITED
$2,000
NG TECHNOLOGY PTY LTD
$3,000
NICHOLAS MANZONI
$5,000
NIGEL ALDONS
$5,000
NORTHERN GRAMPIANS SHIRE COUNCIL
$3,000
NORTHERN MELBOURNE INSTITUTE OF TAFE
$6,000
NOVATTI PTY LTD
$3,000
NSYNERGY PTY LTD
$3,000
O1A INTERNATIONAL PTY LTD
$6,000
OASIS EXPORTS PTY LTD
$3,000
Department of State Development, Business and Innovation Annual Report 2013-14
187
OBENA FALLS PTY LTD
$7,000
OCEANIA GOURMET PTY LTD
$3,000
OMEGA GLOBAL INVESTORS PTY LTD
$5,000
OMG IMPORTS PTY LTD
$3,000
OPEN CHANNEL CO-OPERATIVE LIMITED
$3,000
OPTIMISING PTY LTD
$2,928
OPTOTECH PTY LTD
$6,000
OURSAY PTY LTD
$2,130
OUTLOOK HILL
$3,000
OXLEY INTERNATIONAL PTY LTD
$1,945
P R BICKNELL & P A BICKNELL
$2,000
PADGHAM & COX PTY LTD
$3,000
PALM CONSOLIDATED PTY LTD
$3,000
PANA CHOCOLATE PTY LTD
$3,000
PAPERCUT SOFTWARE INTERNATIONAL PTY LTD
$6,000
PASSION FOR PASTA PTY LTD
$2,727
PCR AUSTRALASIA PTY LTD
$6,000
PDG MANAGEMENT PTY LTD
$3,000
PEDDLE THORP MELBOURNE PTY LTD
$3,000
PEERCORE IT PTY LTD
$6,000
PEERLESS HOLDINGS PTY LIMITED
$2,000
PENINSULA HELICOPTERS PTY LTD
$3,000
PENINSULA HOT SPRINGS PTY LTD
$5,904
PENINSULA SEAROAD TRANSPORT PTY LTD
$6,000
PERFETTO INTERNATIONAL PTY LTD
$3,000
PERIPLOI AVIATION
$3,000
PETERS COMMODITIES PTY LTD
$5,000
PHILLIP CAPITAL LIMITED
$2,000
PHILLIP ISLAND NATURE PARK BOARD OF MANAGEMENT INC
$6,000
PHILLIPPA'S PTY LTD
$3,000
PILOT ATHLETIC PTY LTD
$3,000
PILOT FREIGHT PTY LTD
$2,048
PLANISPHERE PTY LTD
$1,912
PLANNING INSTITUTE OF AUSTRALIA LIMITED
$3,000
PLASTAG PTY LTD
$3,000
POINT OF ORIGIN PTY LTD
$13,698
POLYGLOT PUPPET THEATRE LTD
$3,000
POLYMERIC POWDERS COMPANY PTY LTD
$2,000
PONTE (GFS) PTY LTD
$6,000
POPINA (VIC) PTY LTD
$5,000
Department of State Development, Business and Innovation Annual Report 2013-14
188
POPPET INTERNATIONAL PTY LTD
$5,817
PREMIUM AUSTRALIAN FOODS PTY LTD
$3,000
PRO PORTION FOODS PTY LTD
$6,000
PYROTEK PTY LTD
$3,000
QUEEN STREET PARTNERS PTY LIMITED
$2,583
R & R GROUP SERVICES PTY LTD
$3,000
R HAN & D HUANG
$2,918
R I MCAULIFFE & R J MCAULIFFE
$4,000
R J & R C INVESTMENTS PTY LIMITED
$2,827
RADEVSKI COOLSTORES PTY LTD
$3,000
RAINBOW INTERNATIONAL ENTERPRISES PTY LIMITED
$3,000
RALPHS MEAT COMPANY PTY LTD
$3,000
RAMDRAFT PTY LTD
$3,000
RANDALL ARTS MANAGEMENT PTY LTD
$3,000
RAPHAEL MCQUEENIE
$5,000
RAVEN PARK PTY LTD
$3,000
RAYNER'S ORCHARD
$3,000
RECTIFIER TECHNOLOGIES PACIFIC PTY LTD
$5,563
REDBACK HEALTH SERVICES PTY LTD
$3,000
RELAY MONITORING SYSTEMS PTY LTD
$3,000
ROB DOLAN WINES PTY LTD
$3,000
ROMTECK PTM PTY LTD
$3,000
RONSON GEARS PROPRIETARY LIMITED
$2,000
ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY
$17,381
RYAN MEAT COMPANY PTY LTD
$3,000
SAFE SLEEP SPACE PTY LTD
$3,000
SAFEROADS PTY LTD
$3,000
SAFIR TOURS PTY LTD
$2,650
SALLY BURCHARD
$10,000
SALUS HEALTHCARE PTY LTD
$3,000
SAMPLE ROOM (VIC) PTY LTD
$5,000
SANCELL PTY LTD
$2,821
SANDHURST RIDGE
$8,000
SANJUKU INTERNATIONAL
$2,082
SASK INTERNATIONAL EXPORT & IMPORT PTY LTD
$6,186
SAVANNAH'S FOODS PTY LTD
$2,000
SCOPEASIA PTY LTD
$3,000
SCORPIO FOODS PTY LTD
$4,954
SEAN MAHER
$10,000
SEANG SENG (SEAN) YEOH
$15,000
Department of State Development, Business and Innovation Annual Report 2013-14
189
SELECT HARVESTS FOOD PRODUCTS PTY LTD
SERLINA CHU
$7,000
$10,000
SEVEN FIELDS OPERATIONS PTY LTD
$3,000
SEVEN PEAKS CONSULTING PTY LTD
$2,000
SGS ECONOMICS AND PLANNING PTY LTD
$2,839
SINGLE SERVE PACKAGING PTY LTD
$3,350
SKY SOFTWARE PTY LTD
$3,000
SM@RTTRANS LTD
$3,000
SNAKES AND LADDERS CIDER PTY LTD
$1,699
SOUTH GIPPSLAND WINE COMPANY PTY LTD
$3,000
SOUTHERN CROSS COMPUTER SYSTEMS PTY LTD
$3,000
SOUTHERN PRODUCE TRADERS PTY LTD
$1,992
SOUTHGATE HOTEL MANAGEMENT PTY LTD
$3,000
SPACES PTY LTD
$3,000
SPECIALISED INVESTMENT AND LENDING CORPORATION PTY LTD
$5,000
SPECTRUM MS PTY LTD
$3,000
SPEEDSHIELD TECHNOLOGIES PTY LTD
$3,000
SPICE TELECOM AUSTRALIA PTY LTD
$6,000
SPIIRE AUSTRALIA PTY LTD
$6,000
SPRUIK GROUP (AUSTRALIA) PTY LTD
$3,000
STAGONO PTY LTD
$7,000
STONESTAR WHOLESALE PTY LTD
$2,000
STRATICA INTERNATIONAL PTY LTD
$6,000
STREAMLINE SOLUTIONS PTY LIMITED
$3,000
STUDIO 505 PROPRIETARY LIMITED
$6,000
STUMPY GULLY VINEYARD PTY LTD
$3,000
SUE HODGES PRODUCTIONS PTY LTD
$2,000
SUMMERFRUIT AUSTRALIA LIMITED
$11,000
SUN HEALTH FOODS PTY LTD
$6,000
SUNNY RIDGE EPICURE PTY LTD
$3,000
SUNRAYSIA DRIED FRUITS PTY LTD
$3,000
SUPACAT PTY LTD
$3,000
SUSTAINABILITY VENTURES PTY LTD
$3,000
SUSTAINABLE MELBOURNE FUND
$1,953
SWINBURNE UNIVERSITY OF TECHNOLOGY
$8,870
SYME ON YARRA PTY LTD
$3,000
SYPAQ SYSTEMS PTY LTD
$3,000
TAG ASSET CONSULTING GROUP PTY LTD
$2,718
TECH RESOURCE - TECHNOLOGY, TEAMS, TALENT
$3,000
TECHNOSOURCE AUSTRALIA PTY LTD
$3,000
Department of State Development, Business and Innovation Annual Report 2013-14
190
TECTURA PTY LTD
$3,000
TEKMED PTY LTD
$3,000
TETFU TRADING PTY LTD
$10,286
THE AUSTRALIAN RETAILERS ASSOCIATION
$3,000
THE AUSTRALIAN TABLE GRAPE ASSOCIATION
$3,000
THE AUSTRALIAN TURNTABLE CO PTY LTD
$3,000
THE CAKE SYNDICATE PTY LTD
$3,000
THE DECOR CORPORATION PTY LTD
$8,000
THE EXPERIENCES GROUP PTY LTD
$6,000
THE GLOBAL FOUNDATION
$3,000
THE GOURMET NUT COMPANY PTY LTD
$11,821
THE HAIRY ARM WINE COMPANY PTY LTD
$3,000
THE HANGING ROCK WINERY PTY LTD
$3,000
THE PERSONNEL RISK MANAGEMENT GROUP PTY LTD
$8,000
THE REGIMENTAL CONDIMENT COMPANY PTY LTD
$7,000
THE ROYAL AGRICULTURAL SOCIETY OF VICTORIA LIMITED
$5,000
THE SCOTCHMANS HILL GROUP PTY LTD
$2,378
THE SOVEREIGN HILL MUSEUMS ASSOCIATION
$6,000
THE SWANN GROUP PTY LTD
$2,000
THE VEGETABLE CONNECTION PTY LTD
$2,345
THE VICTORIAN HEALTHCARE ASSOCIATION LIMITED
$3,000
THERMO TRANSIT TECHNOLOGIES PTY LTD
$3,000
THOMSON ADSETT (VICTORIA) PTY LTD
$3,000
THREE LAMBS PTY LTD
$5,000
TOBY DICKSON
$5,000
TRACT CONSULTANTS PTY LTD
$3,000
TRADEWORTHY PTY LTD
$3,000
TRAINSEM PTY LTD
$3,000
TREASURE GROUP PTY LTD
$1,838
TRIMBLE PLANNING SOLUTIONS PTY LTD
$6,000
TRISTAN TAN
$5,000
TRISTAR AVIATION COMPANY PTY LTD
$3,000
TRUE EDUCATION PTY LTD
$3,000
TWO BULLS HOLDINGS PTY LTD
$3,000
UNIFIED HEALTHCARE GROUP PTY LTD
$3,000
UNIVERSAL BAKERY AUSTRALIA PTY LTD
$1,946
UNIVERSITY OF MELBOURNE
$16,516
UOM COMMERCIAL LTD
$3,000
UPWEY VALVE & ENGINEERING PTY LTD
$2,000
URBAN BIO SYSTEMS PTY LTD
$3,000
Department of State Development, Business and Innovation Annual Report 2013-14
191
URBAN DEVELOPMENT INSTITUTE OF AUSTRALIA (VICTORIA)
$9,000
URBAN REFORESTATION
$2,309
UTILIBILL PTY LTD
$3,000
VARCON CONSTRUCTIONS (AUST) PTY LTD
$3,000
VASCO INVESTMENT MANAGERS LIMITED
$5,000
VEDALEON TECHNOLOGIES PTY LTD
$3,000
VENTURE DMG PTY LTD
$1,788
VEYANCE BELTING PTY LTD
$2,000
VICPAK PTY LTD
$3,000
VICTORIA INVESTMENTS AND PROPERTIES PTY LTD
$3,000
VICTORIA UNIVERSITY
$4,650
VICTORIAN AGRIBUSINESS COUNCIL INC
$6,000
VICTORIAN FARMERS FEDERATION
$2,000
VICTORIAN PARTNERSHIP FOR ADVANCED COMPUTING LIMITED
$3,000
VICTORIAN TAFE INTERNATIONAL INC
$3,000
VICTORIAN TRANSPORT ASSOCIATION INC
$3,000
VIN 888 PTY LTD
$3,000
VISIONSTREAM PTY LIMITED
$3,000
VOICECAM
$3,000
VPAC INNOVATIONS PTY LTD
$3,000
VUPLEX GROUP PTY LTD
$3,000
WANDIN VALLEY FARMS
$6,000
WATTLE CLINIC PTY LTD
$3,000
WEII INTERNATIONAL TRADING PTY LTD
$3,000
WENIC PTY LTD
$3,000
WESTERN INSTITUTE OF TECHNOLOGY PTY LTD
$3,000
WILDLIFE COAST CRUISES PTY LTD
$5,885
WILLIAM ANGLISS INSTITUTE OF TAFE
$3,000
WILLIAM TAING
$10,000
WISA IRRIGATION SOLUTIONS PTY LTD
$3,000
WODONGA INSTITUTE OF TAFE
$3,000
YARRA RANGES REGIONAL MARKETING LTD
$5,445
YARRA VALLEY SNACK FOODS PTY LTD
$2,000
YORKE INSTITUTE PTY LTD
$3,000
YOUHI AUSTRALIA PTY LTD
$3,000
YOUNES KHAZOUR
$2,000
ZHI HONG (AUST) GROUP PTY LTD
$3,000
ZILZIE WINES PTY LTD
$2,000
ZINGLER & ASSOCIATES PTY LTD
$5,732
ZOE HATTEN
$5,000
Department of State Development, Business and Innovation Annual Report 2013-14
192
ZOOLOGICAL PARKS AND GARDENS BOARD
$3,000
ZOYU SOLUTION PTY LTD
$6,000
TOTAL
$2,521,548
Workforce Participation Trust
YOUTH CONNECT INC
$266,832
TOTAL
$266,832
Youth Employment Scheme
DEPARTMENT OF EDUCATION AND EARLY CHILDHOOD
DEVELOPMENT VICTORIA
$720,000
DEPARTMENT OF ENVIRONMENT AND PRIMARY INDUSTRIES
VICTORIA
$67,500
DEPARTMENT OF TREASURY AND FINANCE VICTORIA
$103,500
GOLDFIELDS EMPLOYMENT AND LEARNING CENTRE INC
$64,200
MENTOR HUMAN RESOURCES PTY LTD
$16,400
ST KILDA YOUTH SERVICE INC
$46,800
SUNRAYSIA & MURRAY GROUP TRAINING LIMITED
$61,200
THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF VICTORIA
INCORPORATED
$63,670
WHITE LION INCORPORATED
$15,000
YOUTH CONNECT INC
$55,375
TOTAL
$1,213,645
Regional Development Victoria grants
Grant payments totalling $155 million made to companies and organisations in 2013-14 under the
department’s various RDV grants programs are detailed below.
Community Support Funding - Community Commitments
GREAT OCEAN ROAD COAST COMMITTEE INCORPORATED
LIONS CLUB OF KERANG INC
NOWEYUNG LTD
THE BENDIGO TRUST
WHITTLESEA AGRICULTURAL SOCIETY INCORPORATED
WONTHAGGI CITIZENS BAND INC
TOTAL
$900,000
$5,000
$315,000
$50,000
$3,000
$32,000
$1,305,000
CSF Funding - Community Facilities: Supporting Growing Communities,
Bushfire Areas Program
LABERTOUCHE & DISTRICT COMMUNITY CENTRE INC
$18,750
LATROBE CITY COUNCIL
$30,000
Department of State Development, Business and Innovation Annual Report 2013-14
193
MURRINDINDI SHIRE COUNCIL
$84,000
YARRA RANGES SHIRE COUNCIL
$18,000
TOTAL
$150,750
CSF Funding - Victorian Community Support
ALPINE SHIRE
$20,320
BAW BAW SHIRE COUNCIL
$10,000
CORANGAMITE SHIRE COUNCIL
$40,000
GANNAWARRA SHIRE COUNCIL
$91,627
GREATER SHEPPARTON CITY COUNCIL
$27,000
MANSFIELD SHIRE COUNCIL
$17,000
MOORABOOL SHIRE COUNCIL
$26,822
PENINSULA HEALTH
$23,868
SWAN HILL RURAL CITY COUNCIL
$223,200
TOTAL
$479,837
Farmers Markets Support Program
BAW BAW SHIRE COUNCIL
$18,000
FRIENDS OF ST BRIGID'S ASSOCIATION INC
$10,000
GOLDEN PLAINS SHIRE COUNCIL
$27,500
HEPBURN SHIRE COUNCIL
$7,500
HUME MURRAY FOOD BOWL
$10,000
LOCAL FOOD CONNECT INC
$15,500
MITCHELL SHIRE COUNCIL
$4,500
MORNINGTON CHAMBER OF COMMERCE
$2,000
RED GUM FOOD GROUP
$2,000
SOUTH GIPPSLAND SHIRE COUNCIL
$5,000
TRARALGON LIONS CLUB INC
VICTORIAN FARMERS' MARKETS ASSOCIATION INC
WEDDERBURN COMMUNITY HOUSE INC
TOTAL
$750
$94,345
$7,500
$204,595
Living Regions Living Suburbs
ANGLICAN TRUSTS CORPORATION OF THE DIOCESE OF GIPPSLAND
$3,000
AUSTRALIAN SUSTAINABLE HARDWOODS PTY LTD
$150,000
DEPARTMENT OF JUSTICE VICTORIA
$212,000
GEELONG FOOTBALL CLUB LIMITED
$200,000
GEELONG PERFORMING ARTS CENTRE
$50,000
GIPPSLAND PORTS COMMITTEE OF MANAGEMENT INC
$100,000
HORSHAM GOLF CLUB
$145,000
Department of State Development, Business and Innovation Annual Report 2013-14
194
MALLEE FAMILY CARE INC
$72,000
MARYSVILLE COMMUNITY GOLF & BOWLS CLUB INC
$950,000
MURRINDINDI SHIRE COUNCIL
$181,000
TOURISM VICTORIA
$20,000
YARRA RANGES SHIRE COUNCIL
$99,000
TOTAL
$2,182,000
Marysville Convention Centre
MARYSVILLE HOTEL AND CONFERENCE CENTRE PTY LTD
$9,600,000
TOTAL
$9,600,000
Natural Disaster Relief
ARARAT RURAL CITY COUNCIL
BAW BAW SHIRE COUNCIL
$15,250
$125,655
BEECHWORTH HONEY EXPERIENCE PTY LTD
$18,750
BULOKE SHIRE COUNCIL
$20,860
C T & S A DONOVAN
$60,000
CAMPASPE SHIRE COUNCIL
$8,000
CAMPBELLS WINES PTY LTD
$56,250
CASTLE TOURISM AND ENTERTAINMENT
$50,000
CATHEDRAL MOUNTAIN CHRISTIAN CENTRE INC
$100,000
CENTRAL GOLDFIELDS SHIRE COUNCIL
$164,839
CITY OF WHITTLESEA
$10,861
CORANGAMITE SHIRE COUNCIL
$23,215
CUTRI FRUIT PTY LTD
$100,000
DAVID ELDRIDGE PTY LTD
$110,000
EAST GIPPSLAND SHIRE COUNCIL
$38,690
F J LENNE PTY LTD
$50,000
F K HENSGEN & J P HENSGEN
$25,000
FOUNDATION FOR RURAL AND REGIONAL RENEWAL
$75,000
FREWSTAL PTY LTD
$250,000
G E & D A KENNEDY PROPRIETARY LIMITED
$67,500
GOLDACRES TRADING PTY LTD
$29,500
GRAYS BAKERY PTY LTD
$50,000
GREATER SHEPPARTON CITY COUNCIL
HAZELDENE'S CHICKEN FARM PROPRIETARY LIMITED
$8,445
$250,000
HEPBURN SHIRE COUNCIL
$93,933
HORSHAM RURAL CITY COUNCIL
$50,356
LAMATTINA BEVERAGES PTY LTD
$100,000
LATROBE CITY COUNCIL
$216,027
Department of State Development, Business and Innovation Annual Report 2013-14
195
LODDON SHIRE COUNCIL
MACEDON RANGES SHIRE COUNCIL
$27,881
$7,000
MANNA FARMS
$20,000
MATTINA FRESH PTY LTD
$40,000
MCPHERSON'S PRINTING PTY LTD
$100,000
MILDURA RURAL CITY COUNCIL
$21,350
MITCHELL SHIRE COUNCIL
$79,169
MODERN SPECIALISED VEHICLES PTY LTD
$50,000
MOIRA MAC'S POULTRY AND FINE FOODS PTY LTD
$200,000
MORTLOCK HYDROPONICS PTY LTD
$125,000
MURRINDINDI SHIRE COUNCIL
$168,656
NILLUMBIK SHIRE COUNCIL
$16,550
NORTHERN GRAMPIANS SHIRE COUNCIL
$63,295
OLAM ORCHARDS AUSTRALIA PTY LTD
$300,000
P R ADAMS PTY LTD
$31,000
PAARHAMMER PTY LTD
$50,000
PYRENEES SHIRE COUNCIL
$90,337
SEVEN FIELDS PTY LTD
SHIRE OF MOYNE
SHIRE OF TOWONG
SOUTH GIPPSLAND SHIRE COUNCIL
$125,000
$7,000
$111,700
$7,965
SOUTHERN STOCKFEEDS (OPERATIONS) PTY LTD
$75,000
STRZELECKI ENGINEERING PTY LTD
$25,000
THE OUTDOOR EDUCATION GROUP
$50,000
TRUE FOODS PTY LTD
$50,000
VEGCO PTY LTD
$120,000
VIC FEED GROUP PTY LTD
$50,000
WANGARATTA RURAL CITY COUNCIL
$50,750
WELLINGTON SHIRE COUNCIL
$89,014
YARRA RANGES SHIRE COUNCIL
$15,956
YARRIAMBIACK SHIRE COUNCIL
$14,633
TOTAL
$4,350,387
Networked Rural Councils
MUNICIPAL ASSOCIATION OF VICTORIA
$795,000
TOTAL
$795,000
Regional Blueprint - Sustainable Small Towns Program
ARARAT RURAL CITY COUNCIL
$115,000
CORANGAMITE SHIRE COUNCIL
$150,000
Department of State Development, Business and Innovation Annual Report 2013-14
196
EAST GIPPSLAND SHIRE COUNCIL
$75,000
GREATER SHEPPARTON CITY COUNCIL
$50,000
HINDMARSH SHIRE COUNCIL
$71,500
MOUNT ALEXANDER SHIRE COUNCIL
$81,000
MURRINDINDI SHIRE COUNCIL
$150,000
SHIRE OF TOWONG
$117,000
SWAN HILL RURAL CITY COUNCIL
$150,000
WEST WIMMERA SHIRE COUNCIL
$117,250
TOTAL
$1,076,750
Regional Blueprint - Local Skills Partnerships
ALPINE SHIRE
$12,000
ARARAT RURAL CITY COUNCIL
$33,750
BAW BAW SHIRE COUNCIL
$25,000
BENALLA RURAL CITY COUNCIL
$33,750
BULOKE SHIRE COUNCIL
$30,000
CAMPASPE SHIRE COUNCIL
$25,000
CENTRAL GOLDFIELDS SHIRE COUNCIL
$33,750
CITY OF GREATER GEELONG
$25,000
DESTINATION GIPPSLAND LTD
$15,000
GANNAWARRA SHIRE COUNCIL
$30,000
GOLDEN PLAINS SHIRE COUNCIL
$37,500
HORSHAM RURAL CITY COUNCIL
$33,750
LATROBE CITY COUNCIL
$20,000
MANSFIELD SHIRE COUNCIL
$50,000
NORTHERN GRAMPIANS SHIRE COUNCIL
$35,800
PYRENEES SHIRE COUNCIL
$33,750
SHIRE OF TOWONG
$37,500
SOUTHERN GRAMPIANS SHIRE COUNCIL
$33,750
SURF COAST SHIRE
$37,500
YARRIAMBIACK SHIRE COUNCIL
$37,500
TOTAL
$620,300
Regional Blueprint - Planning for Tomorrow
BALLARAT CITY COUNCIL
$59,886
BAW BAW SHIRE COUNCIL
$24,500
BOROUGH OF QUEENSCLIFFE
$49,500
CORANGAMITE SHIRE COUNCIL
$20,000
DEAKIN UNIVERSITY
$50,000
EAST GIPPSLAND SHIRE COUNCIL
Department of State Development, Business and Innovation Annual Report 2013-14
$1,203
197
LAKE MOUNTAIN ALPINE RESORT MANAGEMENT BOARD
$8,500
LATROBE CITY COUNCIL
$1,786
MILDURA RURAL CITY COUNCIL
$5,000
MITCHELL SHIRE COUNCIL
$25,415
MURRINDINDI SHIRE COUNCIL
$35,000
SOUTH GIPPSLAND SHIRE COUNCIL
$33,000
SURF COAST SHIRE
SWAN HILL RURAL CITY COUNCIL
WELLINGTON SHIRE COUNCIL
TOTAL
$100,000
$10,000
$5,000
$428,790
Regional Blueprint - Young Professionals Cadet Program
ARARAT RURAL CITY COUNCIL
$4,250
AUSRAPID INC
$8,000
AUSTRALIAN EATWELL PTY LTD
$3,750
B M CONSULTING ENGINEERS
$7,500
BENALLA HEALTH
$12,750
BENTROL PTY LTD
$1,000
BULOKE SHIRE COUNCIL
$12,750
CAMPASPE SHIRE COUNCIL
$3,750
CARDELL ACCOUNTANTS PTY LTD
$3,750
CROSSCO CONSULTING PTY LTD
$1,000
CROWTHER & SADLER PTY LTD
$1,000
DIMBOOLA PRIMARY SCHOOL
$3,750
DUNSTAN FARMERS ENGINEERING PTY LTD
$4,250
ECOTECTURE DESIGN GROUP
$3,750
GANNAWARRA SHIRE COUNCIL
$1,000
GERARD BRANDRICK & ASSOCIATES PTY LTD
$1,000
GIPPSLAND LAKES COMMUNITY HEALTH
$3,750
HOFMANN ENGINEERING PTY LTD
$1,000
MACEDON RANGES SHIRE COUNCIL
MESSENGER'S PHARMACY
MURRAY MALLEE LOCAL LEARNING AND EMPLOYMENT NETWORK
INC
$500
$3,750
$24,500
MURRINDINDI SHIRE COUNCIL
$7,500
RAINBOW AND DISTRICT LANDCARE GROUP
$4,250
ROSS BOTH & ASSOCIATES PTY LTD
$4,750
RYAN LEGAL SERVICES PTY LTD
$4,750
SMEC AUSTRALIA PTY LIMITED
$1,000
SOUTH GIPPSLAND SHIRE COUNCIL
$4,250
Department of State Development, Business and Innovation Annual Report 2013-14
198
STUBBS WALLACE PTY LTD
$500
SWAN HILL DISTRICT HEALTH
$4,250
TREWENACK PTY LTD
$3,750
WARRNAMBOOL CITY COUNCIL
$4,750
TOTAL
$146,500
Regional Development Australia
AGRIBUSINESS GIPPSLAND INC
$3,750
AGRIFOOD SKILLS AUSTRALIA LTD
$20,000
AUSTRALIA CHINA BUSINESS COUNCIL
$40,000
AVALON AIRPORT AUSTRALIA PTY LTD
$55,000
BALLARAT CITY COUNCIL
$69,402
BASS COAST SHIRE COUNCIL
$10,000
CITY OF GREATER GEELONG
$40,000
COMMITTEE FOR GIPPSLAND INC
$60,772
DESTINATION GIPPSLAND LTD
$30,000
GIPPSLAND CLIMATE CHANGE NETWORK INCORPORATED
$20,000
GUNDITJ MIRRING TRADITIONAL OWNERS ABORIGINAL
CORPORATION
$30,000
LATROBE CITY COUNCIL
$300
NE TRACKS LOCAL LEARNING AND EMPLOYMENT NETWORK INC
$13,000
NORTHERN GRAMPIANS SHIRE COUNCIL
$50,000
ROADS CORPORATION
$10,000
SOUTHERN FARMING SYSTEMS LTD
$25,600
WANGARATTA RURAL CITY COUNCIL
$70,000
WARRNAMBOOL CITY COUNCIL
$63,000
WELLINGTON SHIRE COUNCIL
WIMMERA DEVELOPMENT ASSOCIATION INCORPORATED
TOTAL
$3,000
$83,000
$696,824
Regional Growth Fund
AGRIFOOD SKILLS AUSTRALIA LTD
ALBERTON TIMBER & TREATMENT PLANT PTY LTD
ALPINE SHIRE
ALPINE TF PTY LTD
ALPINE VALLEYS VIGNERONS INC
ANGLICAN TRUSTS CORPORATION OF THE DIOCESE OF GIPPSLAND
APOLLO BAY CHAMBER OF COMMERCE AND TOURISM INC
ARARAT RURAL CITY COUNCIL
AUDENTES INVESTMENTS PTY LTD
Department of State Development, Business and Innovation Annual Report 2013-14
$135,000
$20,000
$1,300,000
$300,000
$3,000
$180,000
$44,000
$1,072,100
$3,000
199
AUSTRALIA CHINA BUSINESS COUNCIL
$100,000
AUSTRALIAN DAIRY CONFERENCE LTD
$9,000
AUSTRALIAN PAPER PTY LIMITED
$1,500,000
AUSTRALIAN SUSTAINABLE HARDWOODS PTY LTD
$200,000
AUSTRALIAN TARTARIC PRODUCTS PTY LTD
$900,000
AUSTRALIAN TRAILER MANUFACTURERS PTY LTD
$30,000
BACCHUS MARSH COMMUNITY UNLIMITED INC
$10,000
BALLARAT CITY COUNCIL
BALLARAT INTERNATIONAL FOTO BIENNALE INC
BALLARAT REGIONAL TOURISM INC
BARING RECREATION RESERVE
BASS COAST SHIRE COUNCIL
BAW BAW LATROBE LOCAL LEARNING AND EMPLOYMENT NETWORK
INC
BAW BAW SHIRE COUNCIL
BEECHWORTH ROTARY CLUB INC
BENALLA AUTO CLUB INC
BENALLA RURAL CITY COUNCIL
BENDIGO AGRICULTURAL SHOW SOCIETY INC
BERTALLI'S ALPINE BREADS PTY LTD
$2,282,545
$5,000
$11,000
$5,000
$1,441,327
$9,000
$1,669,000
$45,000
$270,000
$1,560,500
$150,000
$37,500
BOROUGH OF QUEENSCLIFFE
$310,000
BOYNTONS AUSTRALIA PTY LTD
$150,000
BRUCK TEXTILE TECHNOLOGIES PTY LTD
BUDA HISTORIC HOME & GARDEN INC
BULOKE SHIRE COUNCIL
$1,203,475
$22,950
$1,061,000
BUNINYONG & DISTRICT COMMUNITY ASSOCIATION INC
$1,950
BUNINYONG RESIDENTS' ASSOCIATION INCORPORATED
$17,550
BURRA FOODS PTY LTD
CABBAGE TREE PUBLIC HALL
CAMPASPE SHIRE COUNCIL
CAMPERDOWN-TIMBOON RAIL TRAIL MANAGEMENT COMMITTEE
INCORPORATED
CASEY CITY COUNCIL
CASTLEMAINE & MALDON RAILWAY PRESERVATION SOCIETY
CENTRAL GIPPSLAND REGION WATER CORPORATION
CENTRAL GOLDFIELDS SHIRE COUNCIL
CENTRAL HIGHLANDS AGRIBUSINESS FORUM INC
CHEWTON DOMAIN SOCIETY INC
CITY OF GREATER GEELONG
$1,000,000
$10,980
$3,313,400
$95,000
$4,000
$50,400
$360,000
$2,489,950
$2,800
$16,000
$4,469,950
COLAC AREA HEALTH
$3,000
COLAC OTWAY SHIRE
$1,009,625
Department of State Development, Business and Innovation Annual Report 2013-14
200
COMMITTEE 4 ROCHESTER INC
$18,000
COMMITTEE FOR BALLARAT INC
$365,000
COMMITTEE FOR ECHUCA MOAMA INCORPORATED
$3,000
COMMITTEE FOR GEELONG INC
$257,000
COMMITTEE FOR GIPPSLAND INC
$450,000
COMMUNITY COLLEGE GIPPSLAND LTD
COMMUNITY LEADERSHIP LODDON MURRAY INC
CORANGAMITE SHIRE COUNCIL
$30,960
$212,000
$1,060,834
COSTA EXCHANGE HOLDINGS PTY LTD
$65,224
COUNTRY FIRE AUTHORITY
$16,465
COWES YACHT CLUB INCORPORATED
$46,000
CRESWICK RAILWAY WORKSHOPS ASSOCIATION INC
$18,000
D & R HENDERSON PTY LTD
$75,000
DEAKIN UNIVERSITY
$8,137,500
DEPARTMENT OF EDUCATION AND EARLY CHILDHOOD
DEVELOPMENT VICTORIA
$7,800,000
DEPARTMENT OF ENVIRONMENT AND PRIMARY INDUSTRIES
VICTORIA
$5,703,755
DEPARTMENT OF HEALTH VICTORIA
$2,000,000
DEPARTMENT OF PREMIER AND CABINET VICTORIA
$225,000
DEPARTMENT OF TRANSPORT PLANNING AND LOCAL
INFRASTRUCTURE VICTORIA
$933,332
DESTINATION GIPPSLAND LTD
DJA DJA WURRUNG ENTERPRISES PTY LTD
DJM FABRICATIONS (VIC) PTY LTD
DONALD 2000 INC
DRIED FRUITS AUSTRALIA INC
DROUIN WEST TIMBER & TRUSS PTY LTD
$8,000
$26,000
$160,000
$1,000
$24,000
$400,000
EAST GIPPSLAND MARKETING INC
$52,500
EAST GIPPSLAND SHIRE COUNCIL
$3,528,500
EASTERN IRON LIMITED
ECHUCA MOAMA & DISTRICT TOURISM DEVELOPMENT ASSOCIATION
INC
$300,000
$62,500
ECHUCA-MOAMA ARTS INITIATIVE
$3,000
EILDON ACTION INCORPORATED
$8,000
EMERALD CENTRE FOR HOPE AND OUTREACH INCORPORATED
$7,888
ENVESTRA (SA) LIMITED
$2,722,500
EPWORTH FOUNDATION
$2,000,000
FAWCETT MECHANICS INSTITUTE RESERVE COMMITTEE OF
MANAGEMENT
FEDERATION UNIVERSITY AUSTRALIA
FRESHZEST PTY LTD
Department of State Development, Business and Innovation Annual Report 2013-14
$63,559
$4,500
$16,000
201
GANNAWARRA SHIRE COUNCIL
$1,067,055
GATEWAYS SUPPORT SERVICES INC
$30,000
GBG CONCRETE & CONSTRUCTION PTY LTD
$37,500
GEELONG OTWAY TOURISM INCORPORATED
$10,000
GIPPSLAND BODY BUILDERS PTY LTD
$100,000
GIPPSLAND PLAINS RAIL TRAIL INCORP
$600,000
GIPPSLAND PORTS COMMITTEE OF MANAGEMENT INC
$288,731
GIRGARRE DEVELOPMENT GROUP INC
GLENELG SHIRE COUNCIL
GOLDEN AND PARADISE BEACH RATEPAYERS AND RESIDENTS
ASSOCIATION INCORPORATED
GOLDEN PLAINS SHIRE COUNCIL
GOLDFIELDS HISTORICAL AND ARTS SOCIETY INCORPORATED
$2,217
$1,834,460
$3,600
$1,435,300
$6,000
GOLDFIELDS TOURISM INCORPORATED
$30,000
GOULBURN VALLEY REGION WATER CORPORATION
$30,000
GRACEBROOK VINEYARDS
$30,000
GRAMPIANS TOURISM BOARD INC
$35,500
GREAT OCEAN ROAD COAST COMMITTEE INCORPORATED
$220,000
GREATER BENDIGO CITY COUNCIL
$3,271,560
GREATER SHEPPARTON CITY COUNCIL
$1,716,680
GROWTH AREAS AUTHORITY
$166,666
HAMILTON PASTORAL & AGRICULTURAL SOCIETY INC
$10,000
HEALESVILLE LIVING & LEARNING CENTRE INC
$73,796
HEPBURN SHIRE COUNCIL
HEYFIELD COMMUNITY RESOURCE CENTRE INC
HINDMARSH SHIRE COUNCIL
HORSHAM RURAL CITY COUNCIL
INDIGO SHIRE COUNCIL
$1,152,719
$5,000
$631,000
$3,431,863
$480,280
IRON HORSE INTERMODAL PTY LTD
$30,000
J & J NIELSEN PTY LTD
$21,000
JAILHOUSE ROCK FESTIVAL COMMITTEE INC
JAMES STOCK FEED AND FERTILIZER PTY LTD
JAMIESON COMMUNITY GROUP & ASSOCIATED BODIES
INCORPORATED
JOEL JOEL PUBLIC HALL
KARINGAL INC
KINGLAKE RANGES BUSINESS NETWORK INC
LAKE BOLAC DEVELOPMENT ASSOCIATION INC
LAKE COORONG/LAKE LASCELLES COMMITTEE OF MANAGEMENT
INC
LAKEGOLDSMITH STEAM PRESERVATION ASSOCIATION INC
Department of State Development, Business and Innovation Annual Report 2013-14
$4,500
$30,000
$886
$3,600
$500,000
$17,900
$4,950
$36,000
$4,500
202
LATROBE CITY COUNCIL
LATROBE VALLEY WOMEN IN BUSINESS INC
$1,924,440
$9,000
LION-DAIRY & DRINKS PTY LTD
$490,000
LIONS CLUB OF CORRYONG
$267,300
LIONS CLUB OF MINYIP INC
LODDON SHIRE COUNCIL
$7,020
$599,845
LONG GULLY NEIGHBOURHOOD CENTRE
$27,000
LORNE BUSINESS & TOURISM ASSOCIATION INC
$20,000
MACALISTER RESEARCH FARM CO-OPERATIVE LTD
MACEDON RANGES SHIRE COUNCIL
MACPHERSON SMITH RURAL FOUNDATION LIMITED
$500
$1,049,060
$75,000
MADEC AUSTRALIA
$100,000
MAFFRA FARMHOUSE CHEESE PTY LTD
$172,500
MAJORCA VICTORIA PARK GARDENS & PUBLIC
$107,730
MANSFIELD SHIRE COUNCIL
$1,223,550
MARS AUSTRALIA PTY LTD
$200,000
MILDURA ABORIGINAL CORPORATION INCORPORATED
$130,000
MILDURA DEVELOPMENT CORPORATION INC
MILDURA MOTOR CYCLE CLUB INCORPORATED
$32,000
$200,000
MILDURA RURAL CITY COUNCIL
$1,725,800
MITCHELL SHIRE COUNCIL
$1,559,461
MOIRA SHIRE COUNCIL
$1,166,700
MOORABOOL SHIRE COUNCIL
MORNINGTON PENINSULA SHIRE COUNCIL
MORWELL SHOPFITTERS PTY LIMITED
MOUNT ALEXANDER SHIRE COUNCIL
$247,550
$2,679
$90,000
$338,500
MOUNT BULLER ARTS ASSOCIATION LTD
$18,500
MOUNT ELEPHANT COMMUNITY MANAGEMENT
$30,000
MURRAY GOULBURN CO-OPERATIVE CO LIMITED
MURRAY RIVER REGION TOURISM LIMITED
MURRINDINDI SHIRE COUNCIL
MUSEUMS AUSTRALIA INCORPORATED
$200,000
$3,000
$1,551,800
$500
NARKOOJEE PTY LTD
$45,000
NATIMUK FORESHORE COMMITTEE
$58,000
NORTH EAST AGCARE INCORPORATION
$140,000
NORTH EAST REGION WATER CORPORATION
$1,100,000
NORTH EAST VICTORIA TOURISM BOARD INC
$30,000
NORTHERN GRAMPIANS SHIRE COUNCIL
OLAM ORCHARDS AUSTRALIA PTY LTD
OUR REDEEMERS LUTHERAN CHURCH WARRACKNABEAL
Department of State Development, Business and Innovation Annual Report 2013-14
$1,434,450
$467,528
$4,500
203
PAPER AUSTRALIA PTY LTD
PARKS VICTORIA
$500,000
$1,700,000
PENINSULA SEAROAD TRANSPORT PTY LTD
$750,000
PINEGRO PRODUCTS PROPRIETARY LIMITED
$180,000
PORT OF PORTLAND PTY LIMITED
$243,053
PORTLAND CABLE TRAMS INC
$9,000
PROGRESSING COBDEN INC
$9,223
PUREHARVEST
$150,000
PYRENEES SHIRE COUNCIL
$780,282
R A & J L MURPHY
$120,000
RAMAHYUCK DISTRICT ABORIGINAL CORPORATION
$7,500
ROCHESTER CHAMBER OF COMMERCE AND INDUSTRY INC
$7,200
ROTAFAB PTY LTD
$144,000
RUSHWORTH PUBLIC PARK RESERVE COMMITTEE OF MANAGEMENT
INCORPORATED
$39,000
RYAN & MCNULTY PTY LTD
$90,000
SAFETECH PTY LTD
$30,000
SAGE COMPUTER SUPPORT PTY LIMITED
SALE BUSINESS AND TOURISM ASSOCIATION INCORPORATED
$100,000
$23,760
SEA LAKE OFF ROAD CLUB INC
$6,000
SEASPRAY RESERVES COMMITTEE OF MANAGEMENT
$5,800
SHIPWRECK COAST TOURISM INC
$16,000
SHIRE OF CAMPASPE
$30,000
SHIRE OF MOYNE
$928,253
SHIRE OF STRATHBOGIE
$872,500
SHIRE OF TOWONG
$996,215
SOUTH GIPPSLAND SHIRE COUNCIL
$711,454
SOUTH GIPPSLAND TOURIST RAILWAY INC
$103,500
SOUTHERN FARMING SYSTEMS LTD
SOUTHERN GRAMPIANS SHIRE COUNCIL
SPI NETWORKS (GAS) PTY LTD
STAR COMMUNITY CINEMA ASSOCIATION INC
STEELINE GIPPSLAND PTY LTD
STR INSPECTION SERVICES PTY LTD
SURF COAST SHIRE
SWAN HILL MOTORCYCLE CLUB INC
SWAN HILL RURAL CITY COUNCIL
THE BENDIGO TRUST
THE CENTRAL HIGHLANDS TOURIST RAILWAY
THE CENTRE FOR RURAL COMMUNITIES INC
Department of State Development, Business and Innovation Annual Report 2013-14
$40,500
$506,450
$2,580,000
$31,500
$187,500
$50,000
$405,500
$5,000
$1,017,854
$30,000
$130,800
$27,000
204
THE COMMUNITY FOUNDATION FOR BENDIGO & CENTRAL VICTORIA
LTD.
$3,000
THE GIPPSLAND BUSINESS AWARDS ASSOCIATION INC
$5,400
THE GIPPSLAND FIELD DAYS
$217,500
THE MOUNTAIN CATTLEMENS ASSOCIATION OF VICTORIA INC
$65,600
THE NOOJEE & DISTRICT HISTORICAL SOCIETY INC
$22,118
THE PRB FOOD GROUP PTY LIMITED
$200,000
THE SOVEREIGN HILL MUSEUMS ASSOCIATION
$250,000
TRAFALGAR EAST PUBLIC HALL RESERVE
$13,500
UCA – CAMPERDOWN
$27,000
UNIVERSITY OF BALLARAT
$300,000
UNIVERSITY OF MELBOURNE
$1,625,000
VALLEY PARK FARM PTY LTD
$40,000
VEGCO PTY LTD
VIC GAS DISTRIBUTION PTY LTD
$150,000
$1,019,000
VICTORIAN AMERICAN IMPORTS PTY LTD
$110,000
VICTORIAN FARMERS FEDERATION
$788,093
VIETNAM VETERANS ASSOCIATION OF AUSTRALIA MUSEUM SUBBRANCH
$36,000
VOLUNTEERING VICTORIA INCORPORATED
$99,000
W P PORTELLI & P REIDY
$125,000
WALHALLA AND MOUNTAIN RIVERS TOURISM
$5,000
WALHALLA BOARD OF MANAGEMENT INCORPORATED
$7,200
WANGARATTA FESTIVAL OF JAZZ INC
$22,500
WANGARATTA RURAL CITY COUNCIL
$443,200
WANNON REGION WATER CORPORATION
$107,000
WARRANDYTE COMMUNITY ASSOCIATION INC
WARRNAMBOOL CITY COUNCIL
WELLINGTON REGIONAL TOURISM INC
WELLINGTON SHIRE COUNCIL
WEST WIMMERA HEALTH SERVICE
$8,620
$5,020,029
$4,000
$2,402,450
$17,500
WEST WIMMERA SHIRE COUNCIL
$134,000
WESTERN REGION WATER CORPORATION
$744,130
WILLAURA AND DISTRICT COMMUNITY DEVELOPMENT GROUP
$135,000
WIMMERA DEVELOPMENT ASSOCIATION INCORPORATED
$176,250
WODONGA CITY COUNCIL
WODONGA RENDERING PTY LTD
WORKCO LIMITED
YARCK MECHANICS INSTITUTE AND LIBRARY
YARRIAMBIACK SHIRE COUNCIL
YEA COMMUNITY SERVICE GROUP INC
Department of State Development, Business and Innovation Annual Report 2013-14
$1,616,000
$808,000
$2,800
$67,600
$808,453
$5,850
205
YEA RACECOURSE AND RECREATION RESERVE
YINNAR & DISTRICT COMMUNITY ASSOCIATION INC
TOTAL
$70,000
$450
$131,158,282
Regional Blueprint - Advancing Country Towns
BENALLA RURAL CITY COUNCIL
$136,000
COLAC OTWAY SHIRE
$136,000
EAST GIPPSLAND SHIRE COUNCIL
$136,000
MURRINDINDI SHIRE COUNCIL
$156,000
ROBINVALE DISTRICT HEALTH SERVICES
$136,000
SOUTH GIPPSLAND SHIRE COUNCIL
$156,000
TOTAL
$856,000
Transport Connections
BALLARAT CITY COUNCIL
$37,500
BASS COAST SHIRE COUNCIL
$37,500
BAW BAW SHIRE COUNCIL
$37,500
BENALLA RURAL CITY COUNCIL
$37,500
CASEY CITY COUNCIL
$37,500
CITY OF GREATER GEELONG
$80,000
CITY OF WHITTLESEA
$37,500
COLAC OTWAY SHIRE
$37,500
GOLDEN PLAINS SHIRE COUNCIL
$37,500
GREATER BENDIGO CITY COUNCIL
$42,500
GREATER SHEPPARTON CITY COUNCIL
$37,500
HEPBURN SHIRE COUNCIL
$80,000
LATROBE CITY COUNCIL
$80,000
MELTON CITY COUNCIL
$11,961
MITCHELL SHIRE COUNCIL
$47,551
MURRINDINDI SHIRE COUNCIL
$37,500
PYRENEES SHIRE COUNCIL
$37,500
SOUTH GIPPSLAND SHIRE COUNCIL
$37,500
SUNASSIST VOLUNTEER HELPERS INC
$42,500
WELLINGTON SHIRE COUNCIL
$35,000
WESTERN DISTRICT HEALTH SERVICE
$37,500
WYNDHAM CITY COUNCIL
$37,500
TOTAL
Department of State Development, Business and Innovation Annual Report 2013-14
$944,512
206
Appendix 7: Consultancies
In 2013-14, definitions of a contractor and consultant were changed in Financial Reporting Direction 22E.
The department has applied these definitions for reporting purposes. The changed definitions mean that
comparisons with previous annual report’s data are no longer valid. The new definitions are:
 Contractor - A contractor is an individual or organisation that is formally engaged to provide works or
services for or on behalf of an entity. This definition does not include casual, fixed-term or temporary
employees employed by the entity
 Consultant - A consultant is a particular type of contractor that is engaged primarily to perform a discrete
task for an entity that facilitates decision making through a) provision of expert analysis and advice;
and/or b) development of a written report or other intellectual output.
Summary of consultancies
In 2013-14, there were 40 consultancies where the total fees payable to the consultants were $10,000 or
greater (excluding GST). The total expenditure incurred during 2013-14 in relation to these consultancies
was $8.2 million (excluding GST). Details of individual consultancies can be found at the Department of
State Development, Business and Innovation website.
In 2013-14, there were 29 consultancies where the total fees payable to the consultants were less than
$10,000 (excluding GST). The total expenditure incurred during 2013-14 in relation to these consultancies
was $172,000 (excluding GST).
Department of State Development, Business and Innovation Annual Report 2013-14
207
Appendix 8: Budget portfolio outcomes
The Budget portfolio outcomes provide a comparison between the actual financial report of all General
Government entities within the portfolio and the forecast published in the Budget Papers.
The Budget portfolio outcomes are comprised of the comprehensive operating statement, balance sheet,
statement of changes in equity and statement of cash flows.
The Budget portfolio outcomes have been prepared on a consolidated basis and include all General
Government entities within the portfolio. Financial transactions and balances are classified into either
Controlled or Administered, in accordance with the Australian Accounting Standard AASB 1049 Whole of
Government and General Government Sector Financial Reporting and agreed with the Treasurer in the
context of the Budget Papers.
The following Budget portfolio outcomes statements are not subject to audit by the Victorian AuditorGeneral’s Office and are not prepared on the same basis as the department’s financial statements, as they
include the consolidated financial information of the following entities:
Controlled
 The Department of State Development, Business and Innovation
 Victoria Trade and Investment Office
 The Office of the Small Business Commissioner
 Secretary to the Department of State Development Business and Innovation, Body Corporate (Major
Projects Victoria)
 Tourism Victoria*
 Film Victoria*
 Cenitex*
* Prepare own financial statements.
Administered items statement
The Department of State Development, Business and Innovation (Administered).
Department of State Development, Business and Innovation Annual Report 2013-14
208
Comprehensive operating statement for the year ended 30
June 2014
2013-14
2013-14 Published
Actual
budget
$’000
$’000
2013-14
Revised
budget
$’000
$’000
%
712,223
787,277
732,526
(20,302)
(3%)
6,812
10,200
10,458
(3,646)
(35%)
173,631
60,777
169,419
4,212
2%
85,874
11,635
82,358
3,516
4%
472
–
–
472
0%
119,605
189,720
139,893
(20,288)
(15%)
1,098,616
1,059,609
1,134,653
(36,037)
(3%)
189,943
134,596
197,028
(7,084)
(4%)
31,309
7,937
37,207
(5,898)
(16%)
297
13
13
284
2186%
449,038
461,751
480,946
(31,908)
(7%)
9,848
9,848
9,848
–
0%
383,682
444,321
442,545
(58,863)
(13%)
1,064,117
1,058,466
1,167,585
(103,468)
(9%)
(34,499)
(1,143)
32,932
(67,432)
(205%)
5,052
–
–
5,052
0%
333
192
192
141
74%
65
–
–
65
0%
5,450
192
192
5,258
2740%
(29,049)
(951)
33,124
(62,174)
(188%)
Other
126
(592)
(19,323)
19,448
(101%)
Total other economic flows –
Other non owner changes in
equity
126
(592)
(19,323)
19,448
(101%)
(28,924)
(1,542)
13,802
(42,725)
(310%)
Notes
Output appropriations
1
Interest
Sales of goods and services
Grants
Fair value of assets and services
received free of charge or for
nominal consideration
Other income
2
Total income from transactions
Employee benefits
Depreciation and amortisation
Interest expense
Grants and other transfers
3
Capital asset charge
Other operating expenses
Total expenses from
transactions
Net result from transactions (net
operating balance)
Net gain/(loss) on non-financial
assets
Net gain/(loss) on financial
instruments and statutory
receivables/payables
Other gains/(losses)from other
economic flows
Total other economic flows
Net result
Comprehensive result
4
Department of State Development, Business and Innovation Annual Report 2013-14
Variation
209
Explanations for major variations between 2013-14 actual and 2013-14 revised
budget
(1) Variation in output appropriation relates to underspend across a range of programs which will be
delivered in the following year.
(2) Variation in other income is mainly due to lower receipts in relation to Kew Residential Services Project.
(3) Variation relates to delays in milestone achievements by grant recipients, finalising grant contracts,
and/or consequential delays in commencement of grant programs.
(4) Variation is mainly due to lower cost of land sales for Kew Residential Services Project and in general
operational expenditure.
Department of State Development, Business and Innovation Annual Report 2013-14
210
Balance sheet as at 30 June 2014
2013-14
2013-14 Published
Actual
budget
$’000
$’000
2013-14
Revised
budget
$’000
$’000
%
416,812
371,656
362,652
54,160
15%
158,798
88,483
153,010
5,788
4%
Other financial assets
28,664
37,252
37,385
(8,721)
(23%)
Investments accounted for using
the equity method
35,000
35,000
35,000
–
0%
639,274
532,391
588,047
51,227
9%
10,196
23,646
7,093
3,104
44%
25
–
23
2
10%
597,601
632,218
656,519
(58,917)
(9%)
Intangible assets
40,944
12,025
43,666
(2,721)
(6%)
Other
36,782
28,604
40,346
(3,564)
(9%)
Non-financial assets
685,549
696,516
747,646
(62,096)
(8%)
Total assets
638,802
1,228,907
1,335,693
(10,870)
(1%)
Payables
124,999
91,456
124,943
56
0%
Borrowings
3,497
4,569
3,936
(439)
(11%)
Provisions
50,381
36,556
50,697
(315)
(1%)
Liabilities
53,878
132,581
179,576
(699)
0%
Total liabilities
53,878
132,581
179,576
(699)
0%
584,924
1,096,326
1,156,117
(10,171)
(1%)
188,909
220,409
(86,791)
275,699
(318%)
25,649
31,668
31,668
(6,019)
(19%)
931,388
844,249
1,211,240
(279,851)
(23%)
Equity
1,145,946
1,096,326
1,156,117
(10,171)
(1%)
Net worth
1,145,946
1,096,326
1,156,117
(10,171)
(1%)
Notes
Cash and deposits
1
Receivables
Financial assets
Inventories
Non financial assets classified as
held for sale including disposal
group assets
Property, plant and equipment
2
Net assets
Accumulated surplus/(deficit)
3
Reserves
Contributed capital
3
Variation
Explanations for major variations between 2013-14 actual and 2013-14 revised
budget
(1) Variation is due to the timing of receipts and payments in trust accounts.
(5) Variation is mainly due to lower than budgeted expenditure for the Melbourne Markets Redevelopment
Project.
(6) Variation is mainly due to the allocation between accummulated funds and contributed capital as part of
the MOG transfer.
Department of State Development, Business and Innovation Annual Report 2013-14
211
Statement of cash flows for the year ended 30 June 2014
Notes
2013-14
2013-14 Published
Actual
budget
$’000
$’000
2013-14
Revised
budget
$’000
Variation
$’000
%
Receipts from Government
1
712,223
790,277
732,526
(20,302.4)
(3%)
Receipts from other entities
2
107,513
69,385
89,949
17,564.51
20%
Goods and Services Tax
recovered from the ATO
1,454
–
(996)
2,449.20
(246%)
Interest received
6,410
10,107
10,458
(4,047.7)
(39%)
277,494
188,735
301,704
(24,209.8)
(8%)
1,105,095
1,058,503
1,133,641
(28,546)
(3%)
Other receipts
3
Total receipts
Payments of grants and other
transfers
4
(449,038)
(461,751)
(480,946)
31,908
(7%)
Payments to suppliers and
employees
5
(565,122)
(567,841)
(611,510)
46,389
(8%)
1,204
–
4
1,200
32485%
(9,848)
(9,848)
(9,848)
–
0%
(297)
–
(9)
(288)
3202%
(1,023,101 (1,039,440 (1,102,309
)
)
)
79,208
(7%)
Goods and Services Tax paid to
the ATO
Capital asset charge
Interest and other costs of finance
Total payments
Net cash flows from /(used in)
operating activities
81,994
19,063
31,332
50,662
162%
(15,308)
(7,752)
(6,122)
(9,186)
150%
(50,107)
(118,673)
(89,651)
39,545
(44%)
956
–
–
956
0%
45
852
852
(807)
(95%)
Cash flows from investing
activities
(64,415)
(125,573)
(94,922)
(117,047)
123%
Net cash flows from /(used in)
investing activities
(64,415)
(125,573)
(94,922)
(117,047)
123%
Owner contributions by State
Government
45,719
345,628
98,475
(52,755)
(54%)
Repayment of finance leases
(70)
–
–
(70)
0%
11,293
1,474
(14,523)
25,816
(178%)
Cash flows from financing
activities
56,942
347,102
83,951
(91,947)
(110%)
Net cash flows from /(used in)
financing activities
56,942
347,102
83,951
(91,947)
(110%)
Net increase (decrease) in cash
and cash equivalents
74,522
240,591
20,362
(158,332)
(778%)
Cash and cash equivalents at the
beginning of the financial year
342,290
134,407
342,290
–
0%
Cash and cash equivalents at
the end of the financial year
416,812
374,999
362,652
(158,332)
(44%)
Net investment
Payments for non-financial assets
6
Proceeds from sale of nonfinancial assets
Net loans to other parties
Net borrowings
7
Department of State Development, Business and Innovation Annual Report 2013-14
212
Explanations for major variations between 2013-14 actual and 2013-14 revised
budget
(1) Variation relates to lower revenue drawn down across a range of programs which will be delivered in
2014-15.
(7) Higher revenue than budgeted for trusts.
(8) Variation relates to decrease in receipts mainly in relation to Kew Residential Services Project.
(9) Variation relates to delays in milestone achievements by grant recipients, finalising grant contracts,
and/or consequential delays in commencement of grant programs.
(10) Variation mainly relates to decrease in cost of land sales for Kew Residential Redevelopment compared
to budget.
(11) Variation mainly relates to lower capital spend for the Melbourne Markets Relocation Project.
(12) Variation mainly relates to the timings of loan repayments between DSDBI, Cenitex and DTF.
Department of State Development, Business and Innovation Annual Report 2013-14
213
Statement of changes in equity for the year ended 30 June
2014
Accumulated
surplus/
(deficit)
$’000
Contributions
by owners
$’000
Asset
revaluation
reserve
$’000
Total
$’000
154,665
904,434
30,969
1,090,068
34,244
–
(5,320)
28,924
–
26,954
–
26,954
188,909
931,388
25,649
1,145,946
Opening balance 1 July 2013
(72,291)
1,131,389
30,969
1,090,068
Comprehensive result
(14,500)
–
698
(13,802)
–
79,850
–
79,850
(86,791)
1,211,240
31,668
1,156,117
219,485
517,264
31,083
767,832
924
–
585
1,509
–
326,985
–
326,985
220,409
844,249
31,668
1,096,326
2013-14 (Actual)
Opening balance 1 July 2013
Comprehensive result
Transactions with owners in
their capacity as owners
Total equity at end of period
2013-14 (Revised)
Transactions with owners in
their capacity as owners
Total equity at end of period
2013-14 (Published)
Opening balance 1 July 2013
Comprehensive result
Transactions with owners in
their capacity as owners
Total equity at end of period
Department of State Development, Business and Innovation Annual Report 2013-14
214
Administered items statement for the year ended 30 June
2014
2013-14
Actual
$’000
2013-14
Published
budget
$’000
2013-14
Revised
budget
$’000
$’000
%
Output appropriations
60,878
64,000
61,535
(657)
(1%)
Interest
10,445
9,779
14,339
(3,894)
(27%)
2,763
5,000
8,868
(6,105)
(69%)
357
14,339
5,357
(5,000)
(93%)
58,228
52,695
56,130
2,099
4%
132,672
145,813
146,229
(13,557)
(9%)
Interest expense
40,671
42,000
39,535
1,136
3%
Grants and other
transfers
4,982
8,000
8,000
(3,018)
(38%)
Notes
Sales of goods and
services
Grants
Other income
Total income from
transactions
Variation
Payments into
consolidated fund
1
89,650
70,557
68,188
21,462
31%
Other operating expenses
2
27,735
–
–
27,735
0%
Total expenses from
transactions
163,038
120,557
115,723
47,315
41%
Income Less Expenses
(30,365)
25,256
30,506
(60,872)
(200%)
20,733
5,183
(67)
20,800
(31045%)
–
(1,438)
(1,438)
–
(100%)
(9,632)
29,002
29,002
(38,634)
(133%)
467
3,328
6,542
(6,075)
(93%)
343,909
371,872
423,378
(79,468)
(19%)
3,105
–
–
3,105
347,481
375,200
429,920
(82,438)
(19%)
87,309
86,742
88,316
(1,007)
(1%)
Borrowings
460,370
447,103
447,103
13,267
3%
Total Administered
liabilities
547,679
533,845
535,419
12,260
2%
(200,198)
(158,645)
(105,499)
(94,699)
90%
Total other economic
flows
Total other economic flows –
Other non owner changes in
equity
Net result
Cash and deposits
Receivables
Other financial assets
Total Administered
assets
Payables
Net assets
3
Department of State Development, Business and Innovation Annual Report 2013-14
215
Explanations for major variations between 2013-14 actual and 2013-14 revised
budget
(1) Variation relates to additional brown coal and mineral sands royalty revenues paid into the Consolidated
Fund than budgeted.
(2) Relates mainly to maintenance payments for the Melbourne Convention Centre and assets given free of
charge to local council for management.
(3) Variation refers to better collections of receivables than budgeted.
Appendix 9: Workforce information
Fixed term
& casual
Total
employees employees
Ongoing employees
Full-time
(head
count)
Part-time
(head Total (head
count)
count) Total (FTE) Total (FTE) Total (FTE)
June 2013
454
54
508
489
25
514
June 2014
772
116
888
850
92
942
Total 2013
Total 2014
Fixed term
& casual
employees
Ongoing employees
Fixed term
& casual
employees
Ongoing employees
Head
count
FTE
FTE
Head
count
FTE
FTE
Totals
(FTE)
Male
221
221
10
415
412
47
459
Female
287
267
16
473
438
45
483
5
5
0
9
9
1
10
25-34
85
82
13
131
124
33
157
35-44
149
135
5
288
263
33
296
45-54
152
151
3
253
250
15
265
55-64
105
104
3
181
179
9
188
12
12
1
26
25
1
26
VPS1
1
1
0
2
2
0
2
VPS2
13
12
1
18
17
0
17
VPS3
76
71
0
115
108
6
114
VPS4
85
83
9
156
148
18
166
VPS5
127
120
9
250
235
32
267
VPS6
160
156
5
250
244
23
267
VPS7
10
10
0
18
18
1
19
Gender
Age
Under 25
Over 64
Classification
Department of State Development, Business and Innovation Annual Report 2013-14
216
Total 2013
Fixed term
& casual
employees
Ongoing employees
Executives
Principal
scientist
Total 2014
Fixed term
& casual
employees
Ongoing employees
Head
count
FTE
FTE
Head
count
FTE
FTE
Totals
(FTE)
28
28
1
53
53
0
53
5
5
0
10
10
7
17
9
8
4
12
Science
Legal
officers
1
1
0
4
4
1
5
Ministerial
driver
2
2
0
3
3
0
3
Notes
(i) FTE means Full-Time Equivalent.
(ii) All figures reflect employment levels during the last full pay period in June of each year.
(iii) Excluded are those on leave without pay or absent on secondment, external contractors/consultants,
temporary staff employed by employment agencies and statutory appointees.
(iv) Employee numbers for Tourism Victoria are published in its annual report and are not included in the
department’s annual report.
(v) For reference, the total FTE for Tourism Victoria is:
June 2013 – 69 FTE
June 2014 – 61 FTE.
Profile of Executive officer (EO) employees as at 30 June
2014
Table 1: Number of EOs classified into ‘ongoing’ and ‘special projects’
All
No.
Variation
from
previous
year
Ongoing
No.
Variation
from
previous
year
Special
projects
No.
Variation
from
previous
year
Secretary
1
0
1
0
0
0
EO-1
3
2
3
2
0
0
EO-2
21
6
21
7
0
-1
EO-3
47
19
47
19
0
0
72(b)
27
72
28
0
-1
Classification
Total (a)
Notes
(a) The department’s executive envelope at 30 June 2014 is 77. Five Tourism Victoria EO positions are
reported separately in the Tourism Victoria annual report.
(b) Includes 19 vacancies at 30 June 2014.
Department of State Development, Business and Innovation Annual Report 2013-14
217
Table 2: Breakdown of EOs by gender for ‘ongoing’ and ‘special projects’
Ongoing
Male
Variation
from
previous
year
Secretary
1
EO-1
Special projects
Female
Variation
from
previous
year
0
0
3
2
EO-2
13
EO-3
Total (a)
Classification
Current
vacancies
Variation
from
previous
year
Male
Variation
from
previous
year
Female
Variation
from
previous
year
Current
vacancies
Variation
from
previous
year
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5
8
5
0
-3
0
0
0
0
0
-1
18
7
35
14
10
5
18
10
19
7
0
0
0
0
0
0
19
4
0
0
0
0
0
-1
Notes
(a) Excludes five Tourism Victoria EO positions.
Department of State Development, Business and Innovation Annual Report 2013-14
218
Table 3A: Reconciliation with executive numbers in Note 32 of the Financial
Report
2013
2014
30
49
8
17
38
66
16
19
1
1
Separations/Leave without pay
10
14
Total executive numbers as at 30 June (b)
45
72
Executives with total remuneration over $100,000
Executives employed with total remuneration below $100,000 (a)
Total reported in Note 32 of the Financial Report
Add
Vacant roles
Accountable officers
Less
Notes
(a) This reflects executives commencing or ceasing employment part-way through the year.
(b) Excludes five Tourism Victoria EO positions.
Table 3B: Note 32 of Financial Report – movement from 2013-14
Total executives reported in Note 32 of Financial Report at 30 June 2013
38
Add
Commenced during 2013-14
13
Appointed to executive role from Victorian Public Sector (VPS) during 2013-14
3
MOG arrivals during 2013-14
21
Less
Separations during 2012-13
8
Right of Return to VPS during 2012-13
1
MOG transfers out during 2012-13
0
Leave without pay commenced during 2012-13
0
Total executives reported in Note 32 of Financial Report at 30 June 2014
66
Table 4: Departmental portfolio executives 30 June 2014
Organisation
Name
2013
2014
Female
Male
Total Female
Male
Australian Grand
Prix Corporation
1
5
6
1
4
5
Docklands Studios
Melbourne
0
1
1
0
1
Emerald Tourist
Railway Board
0
2
2
0
Energy Safe
Victoria
2
7
9
3
Variation from previous
year
Total Female
Male
Total
0
-1
-1
1
0
0
0
2
2
0
0
0
6
9
1
-1
0
Department of State Development, Business and Innovation Annual Report 2013-14
219
Organisation
Name
2013
2014
Female
Male
Federation Square
Pty Ltd
2
2
4
1
3
4
Film Victoria
1
1
2
1
2
Melbourne
Convention and
Exhibition Trust
5
3
8
5
Melbourne Market
Authority
1
2
3
Victorian Major
Events Company
Ltd
1
2
13
25
Totals
Total Female
Male
Variation from previous
year
Total Female
Male
Total
-1
1
0
3
0
1
1
4
9
0
1
1
1
3
4
0
1
1
3
1
2
3
0
0
0
38
13
27
40
0
2
2
Notes
(a) Information provided by Victorian Public Sector Commission.
(b) All figures reflect employment levels during the last pay period in June each year.
(c) Excluded are those on leave without pay or absent on secondment, external contractors/consultants and
temporary staff employed by employment agencies.
Appendix 10: Human Resource Management
Occupational Health and Safety
Lag indicators
2011-12
2012-13
2013-14
Number
22
20
35
Rate per 100 FTE
3.2
3.4
3.5
5
2
0
0.72
0.34
0.0
4
1
3
0.58
0.17
0.3
1
0
0
0.14
0
0
Nil
Nil
Nil
$23,808
$7,093
$0
0.5159
0.2715
0.2525
Incidents and hazards
Number of standard claims
Rate of standard claims per 100 FTE
Number of lost time claims
Rate of lost time claims per 100 FTE
Claims
Number of claims exceeding 13 weeks
Rate of lost time claims per 100 FTE
Fatalities
Fatalities claims
Claim costs
Average cost per standard claim
Premium rate
Department’s Premium Rate
Department of State Development, Business and Innovation Annual Report 2013-14
220
Lag indicators
2011-12
2012-13
2013-14
100%
100%
100%
Return To work
Percentage of claims with a return to work plan < 30 days
Lead indicators of OH&S Management
2013-14
Management commitment
Evidence of OH&S Policy statement
Policy statement displayed on the department’s
intranet
OH&S objectives
Objectives identified in the OH&S Strategy 201214 are being progressively implemented through
annual actions plan
Regular reporting to Senior Management
Minutes of quarterly OH&S Committee meetings
tabled at SMM and published on the department’s
intranet
Evidence of OH&S criteria in purchasing guidelines
(including goods, services and personnel)
Standard contract agreements require contractors
to observe all applicable industrial laws and
awards in delivering services to the department
Consultation
Evidence of agreed structure of Designated Work
Groups (DWGs), Health and Safety Representatives
(HSRs) and Issue Resolution Procedures
Representative DWGs established and revised as
a result of MOG changes. HSRs elected for
DWGs. OH&S Committee, chaired by Deputy
Secretary Corporate, Planning and Compliance
Services, meets quarterly. All HSRs are members
of the Committee
Compliance with agreed structure on DWGs, HSRs
and Issue Resolution Policies (IRPs)
The IRP and procedures are displayed on notice
boards and are accessible via the department’s
intranet
Risk management
Internal audits/inspections
Biannual workplace inspection program in place.
A total of 58 inspections have been conducted at
departmental sites across Victoria
Identified issues actioned arising from internal audits
Improvements were made to chemical storage,
labelling and registering of chemicals. It was
identified that the chemical register requires a full
review, adapted for new work locations. Eight
workplaces were identified where fire
extinguishers had not been tested
HSR provisional improvement notices
No notices issued
WorkSafe notices
No notices issued
Training
Induction
Online OH&S training module is mandated for all
new employees and contractors. Completion rates
are now reported to the OH&S Committee and in
corporate reporting
People managers
An online managers’ training program, tailored to
the department’s OH&S management system and
risks is mandatory for all people managers.
Completion rates are reported to the OH&S
Committee
Department of State Development, Business and Innovation Annual Report 2013-14
221
Lead indicators of OH&S Management
2013-14
Contractors, temps and visitors
Workplace OH&S induction checklist for
managers included in On-boarding and Induction
Guide. Checklist regularly reviewed and updated
HSR initial five-day training
20 new HSRs trained during 2013-14. 92 per cent
of all HSRs have undertaken the five-day training.
HSR refresher training
27 HSRs attended refresher training in 2013-14
The department’s goal is to foster a health and safety culture and environment that will protect its people
from workplace illness and injuries.
OH&S strategic objectives are:
 proactive initiatives to build a culture of health, safety and wellbeing
 integrating corporate health and OH&S programs
 increased education and information to ensure all managers and employees are supported to effectively
manage their OH&S responsibilities
 early intervention and an increased focus on effectively managing workplace injuries.
The department recognises that achieving these objectives requires the commitment of everyone – leaders,
people managers and employees. The department will continue to reinforce health and safety accountability
at all levels to embed health and safety as part of the way DSDBI does business. Building this culture
requires effective and meaningful consultation with employees on OH&S issues, enabling everyone to
contribute to decisions that may affect their health, safety and wellbeing at work.
The department continues to support goals by providing managers and employees with appropriate OH&S
information, effective systems to prevent injury, and proactive holistic strategies that focus on health and
wellbeing. Accordingly, the department has undertaken a range of initiatives over the past 12 months,
including:
 the completion of ‘Wellbeing and Work’, the department’s OH&S Strategy 2012-14
 680 employees trained through the Building Professional Workplaces in the department’s program to
complement and build on the Professional Workplace Framework
 restructure of DWGs to account for MOG changes
 implementation of mandatory OH&S managers training for current and new people managers
 improved instructions for emergency wardens and further development of the Personal Emergency
Evacuation Plan process for mobility-impaired employees
 ongoing provision of a holistic Health and Wellbeing Program, which includes regular seminars,
education, an online program and telephone health coaching services
 369 employees and 28 executives underwent a comprehensive preventative health assessment
 60 per cent of employees had an annual flu vaccination
 quarterly meetings of the department’s OH&S Committee to discuss and review health and safety risks,
consider policy issues and develop proactive OH&S strategies; committee activities are further supported
by a detailed OH&S planning calendar
 successful management of three Return to Work Plans.
The department has maintained its strong record in providing a safe and healthy work environment, as
demonstrated by an improved WorkCover performance.
Department of State Development, Business and Innovation Annual Report 2013-14
222
Public administration values and employment principles
Driving public sector values
The department is committed to driving an organisational culture that attracts, develops, motivates and
retains a diverse team of talented, high-performing employees.
The Code of Conduct is reinforced to new employees of the department by an online learning module and
through the department’s On-boarding and Induction Guide. The online module explores ethical issues, and
promotes understanding and awareness of the rights, responsibilities and behaviours expected of VPS
employees. Completion of this module is a pre-requisite for confirmation of appointment following a
probationary period.
Agency personnel engaged through the seven VPS-approved Master Vendors are advised, prior to
commencing employment with the department, that they are expected to abide by the Code of Conduct and
the department’s values.
There is a discrete site on the department intranet to inform contractors and consultants engaged by the
department of their obligation to comply with the Code of Conduct, the department’s values and relevant
policies and procedures.
Information in relation to public sector conduct and the VPS employment principles is promoted via policies
on the intranet and through expert advice provided by Human Resources.
Organisational values
The department has embraced the values - accountability, respect, responsiveness, integrity, impartiality and
leadership - which are outlined in the Public Administration Act 2004, to guide employee behaviour and
promote a productive and inclusive culture.
The values are progressively being embedded into a range of human resource activities, including:
 performance management systems (both executive and non-executive)
 position descriptions for job advertisements
 relevant learning and development programs.
The department recognises that living these values will help to create a high-performance workplace that is
characterised by positive relationships and respect for others.
Selection on merit/exemptions from advertisement
Recruitment and selection processes uphold merit and equity and are fully operational within the department.
Policies, guidelines and associated documentation enshrining merit and equity continue to be promoted
through training, marketing material and expert advice provided by Human Resources.
The authority to exempt vacancies from advertisement rests with the Secretary and/or authorised delegates
in prescribed circumstances.
Dispute settlement
The department’s dispute settlement process provides for disputes arising from a number of areas, including
actions arising from section 64 of the Public Administration Act 2004. The department’s procedures provide
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for early intervention and informal resolution processes to be utilised wherever possible. There were no
formal disputes accepted and settled through formal processes in 2013-14.
Diversity
The department is committed to employing people with a diverse range of backgrounds and perspectives,
and recognises the invaluable contribution that these differences make to the department.
Over the last year, the department’s Diversity Program has developed, coordinated and promoted a broad
range of initiatives aimed at increasing engagement with diverse employee populations, including Aboriginal
and Torres Strait Islanders, culturally and linguistically diverse employees, and people with a disability.
Women’s affairs
The department’s internal Women’s Network Forums promote the continued development of female
employees. The forums provide opportunities to hear from female leaders about their experiences as well as
opportunities for discussion and networking with colleagues across the department.
Guest speakers in in 2013-14 included Sandra Denis, Deputy Secretary, Energy and Earth Resources and
Janet Dore, CEO of the Transport Accident Commission.
Indigenous communities
The department’s updated Aboriginal Employment Plan 2014-15 was launched in March 2014. The plan
continues to align with Karreeta Yirramboi, the Victorian Aboriginal Public Sector Employment and Career
Development Action Plan, and includes four areas for action:
 employment pathways and programs at the department
 attraction, recruitment and selection processes
 supportive and inclusive working environments
 opportunities for career development.
Additional highlights in 2013-14 included:
 the launch of the department’s Aboriginal Inclusion Action Plan in March 2014
 celebration of NAIDOC Week though a combined event with the Department of Transport Planning and
Local Infrastructure, and Department of Justice
 recruitment undertaken for the 2015 graduate cohort through the Aboriginal Pathways to the VPS
Graduate Recruitment and Development Scheme
 all employees invited to express their interest in Indigenous Cultural Awareness Training with
opportunities commencing in 2014-15.
Youth Employment Scheme
The department has participated in YES – formerly known as the Victoria works for Young People Program –
since its inception, and remains committed to meeting youth employment goals and targets each year.
In 2013-14, the department accepted 20 traineeship placements across its offices. The majority of YES
trainees are in the administrative, information technology and clerical categories, with trainees undertaking
diverse roles that provide valuable on-the-job training.
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The department will continue to actively participate in the scheme to help build trainees’ skills and provide
employment opportunities for young people.
Culturally and linguistically diverse communities
The department’s Cultural Diversity Plan reflects its commitment to harnessing the economic benefits of
diversity by ensuring:
 the department’s programs and services pay due regard to cultural diversity in terms of awareness,
access and utilisation
 cultural diversity is recognised and promoted in current and future programs as an asset that encourages
growth and development
 the department’s internal processes, systems and practices reflect a best-practice approach to cultural
diversity.
The department provides a full report on its initiatives and achievements in multicultural affairs annually to
the Victorian Multicultural Commission as required by the Multicultural Victoria Act 2011.
Graduate recruitment and development scheme
The Victorian Public Service Graduate Recruitment and Development Scheme (GRADS) provides the
department with a valuable source of high-potential candidates with a variety of academic qualifications and
experience.
The department recruited five graduates for the 2013 program and gained an additional three graduates due
to MOG changes.
Following successful completion of the 12-month program in January 2014, seven graduates returned to the
department and were appointed to VPS Grade 3 positions.
The department has recruited seven graduates as part of the 2014 intake and will host a further 14
graduates on rotation during the course of the 2014 program.
Mentoring program
Mentoring is often cited by corporate and government leaders as a key factor in successful workforce
capability development. The department has implemented a Mentoring Program to build and to achieve
personal, professional and organisational goals. This program has been running since 2002-03 and, in 201314, attracted 64 participants (32 mentees and their mentors) representing about 6 per cent of the workforce.
The focus of the 2013-14 Mentoring Program was to inspire VPS mentees to strive for higher levels of
performance through the development of an ongoing relationship with a senior leader, an EO who can
support the mentee to realise their professional goals and career opportunities.
Learning and development
During the 2013-14 financial year, 389 participants attended 54 departmental and interdepartmental learning
and development workshops.
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Superannuation scheme
Department employees who commenced before 1994 are members of defined benefits schemes such as the
Revised, New or Transport schemes. These schemes are administered by the Government Superannuation
Office, now an operating division of Emergency Services and State Superannuation. Since 1994, all new
employees are able to nominate to have their employer contributions made to any complying accumulation
fund of their choice, including VicSuper.
Compliance with the Carers Recognition Act 2012
The Carers Recognition Act 2012 requires that all State Government Departments responsible for
developing or providing policies, programs or services that affect people in care relationships report on how
they met their obligations under the Act in their annual report (s.12).
During 2013-14, the department has continued to promote workplace flexibility for all employees, including
those in care relationships. Further work will be undertaken during the 2014-15 financial year to make
additional resources available to employees and their managers.
Appendix 11: Human rights and responsibilities
charter
The Charter of Human Rights and Responsibilities Act 2006 (the Charter) applies to all public authorities,
including government departments and agencies.
The Charter reinforces the protection of fundamental human rights and ensures that human rights are taken
into account by the Government when it makes administrative decisions.
The department has a process for the assessment of new legislation and policies for their compatibility with
the Charter.
Staff in the department participate in human rights training upon induction, and ongoing education about
human rights is encouraged and promoted.
Appendix 12: International Victorian Government
Business Offices
The VGBO overseas network comprises 17 representative offices in strategic locations. In 2013-14, a new
office was established in Jakarta, Indonesia, and the Government announced it will open an office in Seoul,
South Korea. Seven Commissioners and an Agent-General manage the 17 offices. The functions of the
Agent-General and Commissioners are administered under the Agent-General and Commissioners for
Victoria Act 2007.
The international VGBOs work in partnership with the department to facilitate foreign direct investment,
develop exports and deliver WoVG activities. The offices play an essential role in raising the profile of
Victoria and Victorian businesses internationally, including managing the state’s relationships with important
international partners.
In the financial year 2013-14, the international VGBO network assisted in facilitating approximately $370
million of capital investment into the state, with investment projects supported by the VGBOs expected to
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generate over 2,370 new jobs in Victoria. The offices supported 2,150 Victorian companies in international
markets, largely through the department’s Trade Mission Program. Overall, Victorian companies participating
in international trade programs anticipated export sales of $1.867 billion in the 24 months following the
activity.
Note: These figures are projected additional export sales as reported by companies participating in trade
programs.
Agent-General for Victoria – UK and Europe
The Agent-General in London represents Victoria in the UK, Europe and Israel. The Agent-General and
VGBOs in London and Frankfurt delivered a range of activities and initiatives in 2013-14.
Significant achievements
 Assisted in attracting $126 million worth of investment into the state, creating 539 jobs
 Assisted retailer H&M, which opened its Australian flagship store in Melbourne, creating up to 200 jobs
 Established the Significant Investor Visa Program in-market to assist investor candidates and promote
Victoria’s wider investment opportunities.
Key deliverables
Contribution to increased investment outcomes for Victoria
The VGBOs:
 converted a number of investment leads, including Mimecast, an ICT company that provides products
and services to the professional services and government sectors, with the establishment of its Asia
Pacific Headquarters in Melbourne, creating 25 jobs
 delivered a visit to the UK for Virgin Australia Melbourne Fashion Festival, with a number of opportunities
generated (November 2013)
 delivered a visit to the UK by Mercer to support the promotion of the Melbourne Mercer Global Pension
Index. The office arranged meetings for Mercer with international asset management firms and hosted a
roundtable to discuss post retirement solutions and highlight Melbourne’s asset management leadership
with financial services industry stakeholders (October 2013)
 delivered industry briefings on Victoria’s capabilities to stakeholders related to food and agribusiness,
ICT, mining and retail across the UK and Europe
 conducted more than 200 meetings with companies on investing in Victoria.
Contribution to increased export outcomes for Victoria
The VGBOs:
 supported 82 Victorian companies that participated in trade programs to the UK and Europe, with
anticipated export sales of $129 million in the 24 months following the activity
 identified export leads for Victorian businesses and delivered export facilitation programs
 developed a trade manual for Victorian companies entering the UK market
 worked with a number of intermediaries in the UK to create export opportunities for Victorian companies.
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Promotion of Victoria and its industry capabilities
The VGBOs:
 promoted Victoria’s cultural, sporting and other major events in-market
 developed a program to encourage high net worth individuals to consider Victoria as a migration
destination through the Significant Investor Visa Program
 hosted Victoria Week in London, including the following events: VIP Royal Academy ‘Australia’ Exhibition
(September to December 2013), Melbourne Cup Networking Event (November 2013), and the New Silk
Road Forum: Opportunities for Mining and Mining Services Providers (November 2013)
 hosted three significant investment migration events across the UK and participated in a further 21
externally hosted migration expos promoting opportunities in Victoria
 presented at Mobile World Congress Barcelona (February 2014) and worked with the University of
Melbourne, Monash University, Swinburne University of Technology and RMIT University to promote
Victorian education and research capabilities
 provided in-market support (Frankfurt) for Victoria’s third Low Rank Coal Symposium (April 2014)
 presented at RED Money Conference in Luxembourg on Victoria’s agribusiness investment opportunities
(June 2014).
Strengthening international relationships
The VGBOs:
 worked with the Australian Business in Europe (ABiE) groups in London, Frankfurt and Paris to support
efforts to attract investment into Victoria
 strengthened Victoria’s relationship with the UK Trade and Investment Office (UKTI) London head office,
as well as regional offices in Cambridge and Bristol, by assisting with business delegations to Australia
 supported two Australian Ambassador Dinner events in Berlin and Frankfurt with the Australian Embassy
Germany, ABiE and Austrade, focused on business capability promotion
 delivered Victoria Week 2013, focused on Victoria’s central position in Australia’s mining industry
 through the New Silk Road Forum, the VGBO widened its engagement through presentations by
Ambassadors for Kazakhstan, Uzbekistan and Mongolia to an audience of 150, focusing on Melbourne’s
contribution to financial services, R&D, education and professional services supporting the mining
industry
 delivered over 320 per cent growth in the Victorian Connection UK LinkedIn Group, utilising it as a
business engagement forum
 hosted five Victorian Connection UK networking events, including a targeted industry roundtable with
Victorian Connection financial services representatives
 worked with UKTI, Tech UK and the Australia French Chamber of Commerce to include Melbourne in its
Australia-bound missions.
Delivery of a WoVG approach
The VGBOs:
 supported a visit to the UK and Poland by the Hon. Nicholas Kotsiras MP, Minister for Energy and Earth
Resources, Minister for Multicultural Affairs and Citizenship (September 2013)
 coordinated a visit to continental Europe by the Hon. Matthew Guy MP, Minister for Planning (September
2013)
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 coordinated a visit to continental Europe by the Hon. David Hodgett MP, Minister for Manufacturing,
Minister for Ports and Minister for Major Projects (May 2014)
 supported a visit to the UK by the Victorian Small Business Commissioner (November 2013)
 facilitated the Joint Parliamentary Economic Development and Infrastructure Committee visit to the UK
(July 2013)
 supported a briefing on Victoria’s economy and investment proposition by the Treasury Corporation of
Victoria to key stakeholders in London.
Cooperation with the Federal Government
The VGBOs:
 collaborated with Austrade to present investment seminars for the food and agribusiness sector in the
Netherlands
 worked closely with the Federal Government Department of Defence, the Defence Materiel Organisation
and Australian Defence Attachés to promote Victorian capabilities and opportunities.
Commissioner for Victoria – Americas
The Commissioner in San Francisco represents Victoria in the Americas. The Commissioner and the VGBOs
in San Francisco, New York, Washington and Chicago delivered a range of activities and initiatives in 201314.
Significant achievements
 Delivered and supported 20 significant investment projects from the USA into Victoria creating over 840
new jobs across manufacturing, retail, defence, food and beverage, energy and ICT
 Supported 431 Victorian companies participating in export and trade programs in North and South
America. Participating companies reported anticipated export sales of over $453 million over the 24
months following the trade activity.
Key deliverables
Contribution to increased investment outcomes for Victoria
The VGBOs assisted in the facilitation of the following investments into Victoria:
 Equinix – $59 million investment in a premium data centre in Victoria, creating 20 new jobs
 High Tail – the Silicon Valley tech company established its Asia Pacific headquarters in Melbourne,
creating 20 new jobs
 Eventbrite – the tech company will establish its Asia Pacific headquarters in Melbourne, creating 30 new
jobs
 Exelis – the aerospace and defence company will establish its Asia Pacific headquarters in Melbourne,
creating 68 new jobs
 Tintri – the ICT company will establish its Australian headquarters in Melbourne, creating 30 new jobs
 Microsoft – will establish a R&D centre at the University of Melbourne, creating 28 new jobs and $1
million in investment
 Brooks Brothers – retail expansion into Melbourne, creating 20 new jobs
 nSynergy – Microsoft SharePoint expansion, creating 120 jobs
 Williams–Sonoma Inc. – retail expansion into Melbourne, creating 30 new jobs
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 United Airlines – will introduce direct flights six days per week from Los Angeles to Melbourne.
Contribution to increased export outcomes for Victoria
The VGBOs:
 coordinated a delegation of 18 organisations and companies participating in the Medical Device Trade
Mission to San Diego, Boston and Washington DC (September 2013)
 coordinated a delegation of 22 Victorian mining companies participating in ExpoMin 2014, Santiago, Chile
(April 2014)
 supported a delegation of 36 Victorian bio medical companies attending BIO2014 in San Diego, California
(June 2014)
 partnered with Austrade on a pilot program that introduced 19 Victorian companies to Amazon.com for
potential international promotion and distribution of their products through the Amazon online platform
 partnered with the Australian Automotive Aftermarket Association to support eight Victorian companies
participating in the Performance Racing Industry Trade Show in Indianapolis (December 2013)
 supported a delegation of 13 Victorian companies participating in the Defence and Aerospace Trade
Mission to Washington DC and Michigan (May 2014)
 supported 21 Victorian companies participating at the Games Developers Conference in San Francisco
(March 2014)
 supported eight Victorian defence companies participating at the Association of US Army Trade
Conference, in partnership with the Defence Materiel Organisation and Team Defence Australia,
Washington DC (October 2013)
 supported three Victorian defence companies participating at Modern Day Marine, Virginia (September
2013)
 partnered with ANZA Technology and Pyksis to support small Victorian companies in the Global
Acceleration Program.
Promotion of Victoria and its industry capabilities
The VGBOs:
 supported AIDS 2014, delivering a major event in San Francisco with the AIDS 2014 Chairperson
promoting Melbourne as a destination for the AIDS 2014 Conference to leading USA HIV and medical
researchers (March 2014)
 promoted Victoria’s capabilities in life sciences through presentations at the Boston-based Massachusetts
Life Sciences Centre, International Collaborative Industry Program (April 2014)
 supported high-level engagement with the Government of San Luis, Argentina, to design and implement
a new vocational training system based on the Victorian model (June 2014)
 collaborated with the Federal Government to host an aerospace and defence networking reception at the
Embassy of Australia, Washington DC. This was supported by the Department of Foreign Affairs and
Trade, Austrade and the Defence Materiel Organisation to promote the strengths of the sector in Victoria
(May 2014)
 facilitated and supported Victorian IT companies utilising incubator facilities and services in Silicon Valley
Plug and Play Tech Centre for Start Ups.
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Strengthening international relationships
The VGBOs:
 partnered with the Australian Embassy Chile and Government of Chile to deliver an inbound program for
a delegation of Chilean irrigators and officials to investigate irrigation modernisation, infrastructure and
water management programs in Victoria (June 2014)
 partnered with Austrade Mexico to deliver an inbound program for a delegation from the Mexican National
Water Commission, CONAGUA, to investigate irrigation modernisation, infrastructure and water
management programs in Victoria (May 2014)
 supported leading Canadian industry figures to attend the Australia–Canada Economic Leadership Forum
in Melbourne (February 2014)
 supported the Government of Mexico’s Economic Development Agency, ProMexico, to establish its first
Australian trade and investment office in Melbourne (June 2014)
 supported USA defence trade delegations to attend the Pacific Defence 2013 MaritimeExpo, Australia
(October 2013)
 supported leading USA Silicon Valley technology companies to participate in Connect Expo 2014
Conference in Melbourne (March 2014).
Delivery of a WoVG approach
The VGBOs supported a number of visits to the Americas, including:
 the Governor of Victoria His Excellency the Hon. Alex Chernov AC QC, who led the Victorian delegation
to BIO 2014, San Diego (June 2014)
 the Hon. David Hodgett, Minister for Ports, Minister for Major Projects and Minister for Manufacturing,
who led a Defence Industry Trade Mission to Washington DC, Texas and Detroit (May 2014)
 the Hon. Heidi Victoria, Minister for the Arts, to San Francisco (April 2014)
 the Hon. Michael O’Brien, Treasurer, to the USA and Canada (October 2013)
 the Secretary, Victorian Department of Human Services, to New York (October 2013)
 the Commissioner, Victorian Fire Services, to California (April 2014)
 a Parliamentary Environment and Natural Resources Committee visit to the USA and Canada (August
2013).
Cooperation with the Federal Government
The VGBOs:
 collaborated with Austrade to promote the strengths of Victoria and Australia in a presentation to the
Madison Wisconsin International Trade Association (June 2014)
 collaborated with the Defence Materiel Organisation in presenting Victoria’s defence capabilities at the
annual Foreign Comparative Technology Conference, Office of the USA Secretary of Defence (April
2014)
 collaborated with Federal Government representatives in Argentina to support a new vocational training
system based on the Victorian model in San Luis (June 2014)
 collaborated with Austrade and the Defence Materiel Organisation in North and South America to
facilitate a number of investment, trade and defence industry opportunities for Victoria.
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Commissioner for Victoria – Middle East, Africa and Turkey
The Commissioner in Dubai represents Victoria in the Middle East, Africa and Turkey. The Commissioner
and the VGBO in Dubai delivered a range of activities and initiatives in 2013-14.
Significant achievements
 Supported more than 110 Victorian businesses that participated in the STM to Saudi Arabia, the United
Arab Emirates (UAE), Oman and Turkey in February 2014. Companies that participated reported more
than $305 million in anticipated exports in the 24 months following the mission
 Supported 418 companies in total through export programs and missions. Companies participating in
export programs reported anticipated export sales of over $330 million in the 24 months following the
activity
 Secured the pre-Asia Cup 2015 training camps of the Bahraini and Jordanian football teams (in Ballarat
and Mulgrave, respectively) following a targeted program of activities to attract these teams to base their
camps in Victoria rather than other states. This will provide an economic boost to these local areas and
will help promote Victoria’s major event capabilities.
Key deliverables
Contribution to increased investment outcomes for Victoria
The VGBO promoted Victoria as an investment destination at:
 the UAE Global Investment Forum in Dubai (October 2013)
 the Global Islamic Economy Forum (November 2013)
 Austrade ‘Australia Unlimited’ Investment Forums in Dubai, Abu Dhabi, Riyadh, Muscat, Casablanca and
Kuwait (April 2014)
 the Dubai Annual Investment Conference (April 2014)
 the Arabian Hotel Investment Conference in Dubai (May 2014)
 the Euromoney Asia Investment Conference, Istanbul (June 2014).
Contribution to increased export outcomes for Victoria
The VGBO:
 delivered the ‘Victoria Week 2013’ promotional program and trade mission including networking events,
business meetings, forums and media coverage (September 2013). The 22 companies that participated
reported anticipated export sales of more than $16 million in the 24 month period following the mission
 attended Salon International de l’alimentation (SIAL) food trade exhibition 2013, Abu Dhabi (November
2013)
 attended Australia Unlimited forums and seminars in Dubai, Saudi Arabia, Kuwait, Morocco and Oman
 facilitated an inbound mission to Melbourne for education representatives from Saudi Arabia (June 2014).
Promotion of Victoria and its industry capabilities
The VGBO:
 promoted Victoria’s automotive aftermarket capabilities and supported Victorian companies at
Automechanika Middle East. The VGBO also hosted a business networking reception with local buyers
(June 2014)
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 promoted Victoria’s education capabilities at:
– A2 Education Fairs in Kazakhstan (March 2014), Istanbul (November 2013 and February 2014), Rabat
and Casablanca (April 2014)
– GHEDEX Education Exhibition in Oman (April 2014)
– International Exhibition and Conference on Higher Education in Saudi Arabia (April 2014)
– an education exhibition in Accra, Ghana (May 2014)
– QS Middle East and North Africa Professional Leaders in Education Conference and Exhibition (May
2014).
Strengthening international relationships
The VGBO:
 supported the visit to the Middle East and Turkey by the Hon. Louise Asher MP, Minister for Innovation,
Minister for Tourism and Major Events, Minister for Employment and Trade, who led the STM to the
market (February to March 2013). Arranged meetings with senior government officials and business
leaders in the Middle East and Turkey
 conducted Commissioner level meetings with government officials and business leaders in the UAE,
Saudi Arabia, Qatar, Oman, Kuwait, Morocco and Turkey
 conducted meetings with the St Petersburg Government and other potential business partners in Russia
during the 25th anniversary of the sister-city relationship between Melbourne and St Petersburg.
Delivery of a WoVG approach
The VGBO:
 contributed to the implementation of the Victorian Government’s Victoria – Gulf States Engagement
Strategy 2013
 supported Australian Business Groups in Dubai, Abu Dhabi, Riyadh and Muscat
 exhibited at the Soccerex Jordan Forum promoting training camps in Victoria prior to the Asian Cup 2015
(May 2014).
Cooperation with the Federal Government
The VGBO:
 supported the Australia Day events held by the Australian Embassies in Abu Dhabi and Riyadh
 collaborated with Austrade on education exhibitions in Istanbul, Riyadh, Muscat, Lagos and Accra.
Commissioner for Victoria – Indonesia
The Commissioner in Jakarta represents Victoria in Indonesia. The Commissioner and the VGBO in Jakarta
delivered a range of activities and initiatives in 2013-14.
Significant achievements
 Commenced activities in January 2014, following the appointment of the Commissioner
 Recruited key VGBO staff
 Supported 35 companies and organisations from across the two key industries of sustainable urban
development and agribusiness / food participating in the Victorian Government’s STM to South-East Asia
in June 2014.
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Key deliverables
Promotion of Victoria and its industry capabilities
The VGBO:
 organised a ‘Put Victoria on Your Table’ gala event for more than 100 key food buyers as part of the STM
to South-East Asia 2014
 provided assistance to Victorian exhibitors at the Food & Hotel Asia 2014 Trade Fair (April 2014).
Strengthening international relationships
The VGBO:
 supported a visit to Victoria by a delegation of Indonesian Pension Fund Association members to learn
about the Australian superannuation system (April 2014)
 facilitated a visit to Victoria by senior Indonesian Government officials to explore Victoria’s experience of
Public Private Partnerships mechanisms for infrastructure delivery (May 2014)
 facilitated a visit to Victoria by a delegation of eight Yogyakarta Government officials to explore trade
collaboration opportunities in the fields of education, ICT, arts and tourism (June 2014)
 assisted with a visit to Victoria by a delegation of Indonesian businesses and KADIN (Kamar Dagang dan
Industri), the official business representative association of Indonesia (June 2014)
 supported a visit to Victoria by 10 Indonesian automotive industry representatives to explore opportunities
for collaboration with Victorian automotive parts manufacturers (May 2014)
 established a relationship with the Victoria chapter of the Australian Indonesian Business Council to help
explore investment and trade opportunities.
Delivery of a WoVG approach
The VGBO:
 supported the visit by the Hon. Peter Walsh MP, Minister for Agriculture and Food Security as part of the
STM to South-East Asia (June 2014)
 supported the expansion of the Hamer Scholarships Program to Indonesia – assisted with establishing
Victoria’s relationships with partner organisations in Indonesia
 supported the implementation of the Victorian Government’s South East Asia Market Engagement Plan
(2013).
Cooperation with the Federal Government
The VGBO:
 supported the Austrade Indonesia Culinary Trails Program, featuring a four-week Victorian food and
beverage retail promotion and two independent industry events promoting Victorian beef and lamb.
Commissioner for Victoria – China
The Commissioner in Shanghai represents Victoria in Greater China. The Commissioner and the VGBOs in
Beijing Chengdu, Hong Kong, Nanjing and Shanghai delivered a range of activities and initiatives in 2013-14.
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Significant achievements
 Supported more than 270 Victorian organisations and more than 410 delegates participating in the STM
to China in October 2013. About 38 per cent of trade mission participants were new to the Chinese
market and 30 per cent (prior to the trade mission) had not previously exported
 Conducted major showcase events in the cities of Tianjin and Shanghai as part of the mission, promoting
Victoria’s food, beverage, services and education exports as well as inbound investment
 Companies that participated in the mission reported anticipated export sales of $390 million in the 24
months following the mission.
Key events culminating during the STM
 the Premier of Victoria the Hon. Dr Denis Napthine MP hosted a Food and Agriculture Investment
Roundtable meeting in Shanghai with 60 participants including some of China’s largest food and
agricultural companies
 the Hon. Peter Walsh MP, Minister for Agriculture hosted several key events and meetings in Tianjin,
Beijing and Shanghai focusing on agribusiness investment and market access for Victorian exporters
 the Hon. Louise Asher MP, Minister for Innovation, Minister for Tourism and Major Events and Minister for
Employment and Trade, officially opened the VGBO in Chengdu City
 the Premier hosted a networking dinner for more than 700 guests in Shanghai
 the Premier and the Hon. David Hodgett MP, Minister for Ports, Minister for Major Projects and Minister
for Manufacturing, held discussions with Chinese officials on critical port infrastructure development
including a visit to Yangshan Port
 Minister Hodgett represented the Victorian Government at the opening of Bluescope Steel’s world-class
energy efficient production facility in Xi’an.
Key deliverables
Contribution to increased investment outcomes for Victoria
The VGBOs:
 provided support to Ovolo Hotel Group which committed to establishing its Australian headquarters in
Melbourne
 supported Coal Energy Australia’s commitment to an investment exceeding $100 million utilising Chinese
technology for the advanced processing and export of lignite derivatives
 assisted Shanghai Electric Power, which has committed to investments over the next five years for an
advanced lignite processing project in the Latrobe Valley
 facilitated an Australian Dairy Park investment of $15 million for milk product exports to China
 supported Fly Overseas Group, which has established its regional headquarters in Melbourne, creating
40 full-time jobs
 assisted PowerChina, which has committed to establishing its Australian/New Zealand headquarters in
Melbourne.
Contribution to increased export outcomes for Victoria
The VGBOs:
 supported 630 Victorian companies participating in trade programs that have reported anticipated exports
of $550 million in the 24 months following the trade program
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 coordinated a Victorian Financial Services Mission to Beijing, Shanghai, Shenzen and Hong Kong (March
2014)
 facilitated an inbound delegation of Chinese buyers to the International Food and Beverage Trade Week
in Melbourne (March 2014)
 assisted a visit to Guangzhou by the Central Victorian Exporters Network (September 2013)
 coordinated a function for senior representatives of the China Commercial Aircraft Company (COMAC), in
support of the research collaboration and export activities between COMAC and Advanced Composite
Structures Australia.
Promotion of Victoria and its industry capabilities
The VGBOs promoted the Significant Investor Visa Program which has contributed to a significant increase
in interest in Victoria as a migration destination:
 participated in more than 150 events across China promoting Victoria as the right destination for potential
private investors
 provided information to more than 5,500 potential migrants and intermediaries at these events.
The VGBOs participated in the following education events under the Study Melbourne brand:
 Study Melbourne agents briefing in Hong Kong (August 2013)
 Victorian Government Education Agents Briefing in Taipei (October 2013)
 Study Melbourne Seminar in Taipei (October 2013)
 China International Education Exhibition Tour 2014 in Beijing, Shanghai, Wuhan and Guangzhou
(throughout March 2014).
The VGBOs supported and promoted Victoria’s trade interests at the following events:
 Children, Baby and Maternity Exhibition, Shanghai (July 2013)
 Hong Kong International Baby Products Expo (August 2013)
 Asia Fruit Logistica, Hong Kong (September 2013)
 Angliss Discovery 2013 Trade Show (October 2013)
 Food and Hotel China, Shanghai (November 2013)
 Hong Kong International Wine and Spirits Fair (November 2013)
 Cosmoprof (Asia’s leading beauty and cosmetics trade show) in Hong Kong (November 2013)
 Appliance World Expo, Shanghai (March 2014)
 Mines and Money, Hong Kong (March 2014)
 Hong Kong International ICT Expo – the VGBO assisted 17 exhibiting and visiting Victorian ICT
companies (April 2014)
 SIAL (Asia’s leading food and beverage exhibition) in Shanghai (May 2014)
 Asian Racing Conference – assisted 10 exhibiting Victorian companies (May 2014)
 Biofach China, Shanghai (May 2014)
 Taipei Food Show (June 2014).
Strengthening international relationships
The VGBOs:
 led by the Commissioner, executed a strategic MOU on behalf of the Victorian Government with the
China Development Bank for collaboration and information exchange on investment in infrastructure
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related programs including agribusiness related projects. This was witnessed by the Premier of China Li
Keqiang and the Prime Minister of Australia the Hon. Tony Abbott MP
 organised and supported the visit by the Premier of Victoria the Hon. Dr Denis Napthine MP to Nanjing
for official meetings with Jiangsu’s Party Secretary and Governor (April 2014)
 coordinated Victoria’s sponsorship of an Oriental Mining Club event in Shanghai with the Premier as a
guest speaker
 supported the Premier’s signing of a MOU with PowerChina in April 2014 to help bring the world-class
construction company to the Australian market to improve competition and productivity in the Victorian
construction sector
 attended and supported the visit program of the City of Melbourne Lord Mayor and his delegation to
Beijing and Tianjin (March 2014)
 provided business support for nearly 20 inbound delegations from China, including multiple delegations
from Jiangsu to Victoria.
Delivery of a WoVG approach
The VGBOs:
 played a lead role in securing the cooperation and collaboration of authorities in China to support the
Government’s Victorian Young Leaders to China Program (Victorian Secondary Schools China
Immersion Program)
 supported the Hamer Scholarships Program with further rounds of participants completing their studies in
China
 supported Victoria’s relationships with Jiangsu-based universities and the Jiangsu Education Department
 supported candidates participating in the ALDP, a collaboration between the Victorian and Federal
Governments
 supported multiple visit programs to China related to Victorian brown coal R&D programs
 supported a visit by a Victorian Parliamentary Delegation, led by the Hon. Ken Smith MP, then Speaker of
the Legislative Assembly.
Cooperation with the Federal Government
The VGBOs:
 collaborated with the Australian Embassy in Beijing regarding coordination of visit programs, including for
the Hon. Andrew Robb MP, Federal Minister for Trade as special guest of the Premier at Victoria’s Food
and Agriculture Investment Roundtable in Shanghai
 worked with the Australian Embassy in Beijing and the Australian Consulate in Shanghai on the Australia
Week in China Program and the Prime Minister’s and State Premiers’ visit in April 2014, including the
Prime Minister’s participation at Victorian Government hosted events.
Commissioner for Victoria – South-East Asia
The Commissioner in Kuala Lumpur represents Victoria in South-East Asia. The Commissioner and the
VGBO in Kuala Lumpur delivered a range of activities and initiatives in 2013-14.
Significant achievements
 Played a role in attracting over $11.4 million in capital investment from South-East Asian companies to
Victoria that is expected to create 186 jobs
Department of State Development, Business and Innovation Annual Report 2013-14
237
 Supported 270 Victorian companies participating in trade programs in the region. Participating companies
reported anticipated export sales of over $278 million in the 24 months following the trade program
 Supported more than 130 Victorian organisations from across five key industries participating in the
Victorian Government’s second STM to South-East Asia (June 2014). The mission travelled to Malaysia,
Indonesia, Singapore, Myanmar and Thailand. Companies are estimated to have made more than 1,700
business connections during the mission and (as of 30 June 2014) had reported anticipated export sales
of over $68 million in the 24 months following the mission.
Key deliverables
Contribution to increased investment outcomes for Victoria
The VGBO:
 facilitated an investment by RedDot Brew House of Singapore to establish a boutique micro-brewery in
Victoria, expected to create 25 new jobs
 facilitated an investment by Singapore International Airlines Engineering Company to establish a
maintenance, repair and overhaul operation at Melbourne Airport, expected to create up to 100 jobs
 progressed a number of investment leads in aviation, ICT, tourism, hospitality, and property development
and construction industries
 organised high-level trade and investment roundtables hosted by the Hon. Louise Asher MP, Minister for
Innovation, Minister for Tourism and Major Events and Minister for Employment and Trade, in Malaysia
and Singapore as part of the STM to South-East Asia.
Contribution to increased export outcomes for Victoria
The VGBO:
 supported the Victorian ICT Mission of 52 companies to CommunicAsia Singapore (June 2013) resulting
in anticipated export sales of over $27 million in the 24 month period following the mission
 supported the Victorian Food and Beverage Trade Mission to Food & Hotel Asia in Singapore (April
2014). Forty four Victorian companies participated and reported anticipated export sales of over $19
million in the 24 month period following the mission
 organised a networking reception for over 120 key food buyers, both importers and retailers, to promote
Victorian food produce during Food & Hotel Asia 2014
 supported a visit by 12 Thai companies, seven Singaporean companies and seven Malaysian companies
for the International Food and Beverage Trade Week in Melbourne (March 2014)
 collaborated with the Royal Agricultural Society of Victoria (RASV) on a video featuring the transformation
of the South-East Asian food industry and highlighting the in-market opportunities for Victorian exporters
to the region. The video was launched at the RASV’s Heart of Victoria gala dinner (June 2014)
 facilitated six Malaysian companies, two Indonesian companies and one Thai company to attend the
Australian Automotive Week in Melbourne (March 2014)
 in collaboration with Austrade, assisted the Federation of Automotive Product Manufacturers with a trade
mission to Malaysia and Indonesia that included 11 Victorian companies (February 2014)
 supported the Victorian Urbanisation and Infrastructure Mission to Timor Leste (February 2014) that
involved six Victorian companies and resulted in anticipated export sales of over $9 million for the 24
month period following the mission
 supported the participation of five Victorian organisations at Carbon Forum Asia, Thailand (September
2013) resulting in $13.7 million in anticipated exports over the 24 month period following the mission
Department of State Development, Business and Innovation Annual Report 2013-14
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 assisted Northern Melbourne Institute of TAFE to secure a Train the Trainers contract with the National
Association of Private Education Institutions and the Federation of Malaysian Accredited Centres,
resulting in export sales of $64,000
 a MOU was signed between Federation Training and three Malaysian partners during the STM to SouthEast Asia, witnessed by the Hon. Louise Asher MP, Minister for Employment and Trade and the
Malaysian Deputy Minister for Youth and Sports. The project is expected to result in export sales of
$60,000 in the 24 months following the activity
 supported the education stream of the Victorian STM to South-East Asia that involved 15 TAFEs and
private registered training organisations and six universities, visiting Malaysia, Indonesia and Vietnam.
This resulted in $4.22 million in anticipated exports over the 24 months following the mission.
Promotion of Victoria and its industry capabilities
The VGBO:
 managed an extensive South-East Asia wide public relations campaign to promote Victoria’s trade and
investment value proposition. A total of 156 print, online and broadcast media clippings were generated
with an estimated advertising equivalent value of $260,000
 attended the launch of the Malaysian National Automotive Policy 2014 that saw Swinburne University of
Technology sign a MOU with the Malaysian Automotive Institute, ARCA Corporation Sdn Bhd and
Australia’s AutoCRC, to develop and manufacture electric buses, lithium ion batteries and a commercial
vehicle tracking system. The Commissioner participated in a media panel session with the Malaysian
Minister for International Trade and Industry
 provided support to Ironstone Capital and facilitated meetings with Malaysia’s largest coal importers and
energy regulators (September 2013)
 participated in the 2014 Study Melbourne Fairs in the Malaysian cities of Johor Bahru and Kuala Lumpur
to promote Victorian education institutions and Melbourne as a study destination
 organised a networking dinner with seven local education agents and 12 Victorian alumni in Yangon,
Myanmar, as part of the STM 2014
 in collaboration with CPA Australia, organised a workshop in Kuala Lumpur titled ‘9 Reasons Why
Innovation Fails’ attended by 80 participants from a broad range of industries
 facilitated a meeting between La Trobe University and the Malaysian-based Crops for the Future
Research Centre to explore collaborative R&D projects, particularly with regard to the new AgriBio facility,
which is a joint venture between the Victorian Government and the University (February 2014)
 supported the establishment of the Melbourne Business School – Mt Eliza Executive Education unit’s
new office in Malaysia
 in conjunction with Monash University Malaysia, organised the Taste of Australia – Experience Victoria
event (September 2013). The event showcased Victoria’s passion for sport, food and culture to more than
500 Monash Malaysia students.
Strengthening international relationships
The VGBO:
 continued to strengthen engagement with Victoria’s international alumni, diaspora and business
professionals through the promotion of the Victorian Connection chapters in Malaysia, Singapore,
Indonesia and Vietnam
 in conjunction with the October 2013 visit by the Governor of Victoria His Excellency the Hon. Alex
Chernov AC QC, staged two Victorian Connection receptions in Singapore and Malaysia, attended by
120 and 130 members respectively
Department of State Development, Business and Innovation Annual Report 2013-14
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 facilitated the involvement of the Governor of Victoria in the 5th World Chinese Economic Forum staged
in Kuala Lumpur, Malaysia (October 2013). The Governor of Victoria met with the Deputy Prime Minister
of Malaysia, the Chief Minister of Penang and was also granted an audience with His Royal Highness the
Regent of Perak
 attended the World Cities Summit in Singapore (June 2014)
 facilitated an inbound delegation of 11 teachers and parents and 24 primary students from Marian
Convent, a public school from Ipoh, Malaysia to Melbourne (June 2014) which included a one-day
immersion at Haileybury Primary, Brighton Campus
 attended and presented a paper at the Asia Pacific Association of International Education Conference in
Seoul, South Korea attended by 1,300 participants from over 60 countries
 assisted a delegation of eight Indonesian education providers and 18 delegates led by the Yogyakarta
chapter of the Indonesian Association of Private Higher Education to Melbourne (November 2013).
Delivery of a WoVG approach
The VGBO:
 supported a visit to Thailand by the Hon. Peter Walsh MP, Minister for Agriculture and Food Security
(October 2013)
 promoted the Victorian Government’s infrastructure development plans and PlanMelbourne
 assisted with the promotion of AusMed 2014, in Melbourne (April 2014)
 assisted the Victorian Department of Environment and Primary Industries with a Victorian potato industry
visit to Malaysia (December 2013).
Cooperation with the Federal Government
The VGBO:
 presented at the Australia – A Wealth of Investment Opportunities Forum in Kuala Lumpur Malaysia
(November 2013) jointly organised by Austrade Kuala Lumpur and Tourism Australia, attended by over
50 senior Malaysian executives
 participated in a networking event hosted by the Australian High Commission to Malaysia for the Hon.
Julie Bishop MP, Australian Minister of Foreign Affairs, with the theme ‘Enhancing the Australia-Malaysia
relationship through education’ - the New Colombo Plan was announced which the VGBO supports
through active promotion and in-country support
 participated in the International Women’s Day: Celebrating Women in Education event in Kuala Lumpur
(March 2014), organised by the Australian High Commission in Malaysia and attended by 60 prominent
international business women
 worked closely with the Australian High Commission to Malaysia and Austrade Kuala Lumpur to deliver
the Victorian Government STM to South-East Asia and the associated Ministerial visit programs.
Ministerial level meetings were arranged with the Malaysian Minister for Tourism, the Malaysian Minister
for Agriculture and the Malaysian Minister for International Trade and Industry.
Commissioner for Victoria – India
The Commissioner in Bangalore represents Victoria in India, Sri Lanka, Bangladesh, Bhutan and Nepal. The
Commissioner and the VGBOs in Bangalore and Mumbai delivered a range of activities and initiatives in
2013-14.
Department of State Development, Business and Innovation Annual Report 2013-14
240
Significant achievements
 Supported more than 100 Victorian organisations, representing five industry streams participating in the
STM to India (March 2014) which visited five Indian cities. Companies that participated in the mission
reported anticipated export sales of $38 million in the 24 months following the mission. In total, the VGBO
supported 174 Victorian companies participating in trade programs in 2013-14. Those companies
reported anticipated export sales of more than $72 million in the 24 months after the trade activity
 Cyient (formerly Infotech Enterprises) announced the expansion of its Melbourne delivery centre creating
150 full-time jobs in Melbourne during an Engineers Australia industry forum in March 2014.
Key deliverables
Contribution to increased investment outcomes for Victoria
The VGBOs:
 assisted Servion Global Solutions with the establishment of its Australian headquarters in Melbourne
(announced in March 2014)
 assisted more than 20 Indian companies looking to establish a presence in Victoria.
Contribution to increased export outcomes for Victoria
The VGBOs:
 delivered the STM in March 2014, which consisted of industry streams for sustainable urban
development, ICT, health and aged care, and education. Organised more than 540 individual meetings
for the 100 participating Victorian organisations
 supported 29 companies that participated in the Victoria Week Trade Mission in September 2013 led by
the Hon. Louise Asher MP, Minister for Innovation, Minister for Tourism and Major Events, and Minister
for Trade and Employment, to Mumbai, Delhi, Bangalore, Ahmedabad and Pune
 assisted Victorian companies participating in conferences and visits in India including:
– five food and beverage companies that exhibited at the largest Indian food expo Annapoorna World of
Food Exhibition in Mumbai
– a mission of five geospatial companies to India (February 2014) to attend the India Geospatial Forum
in Hyderabad
– RMIT University and private institutes such as Asia Pacific Training Organisation, Darlo Consulting
and Mentor Education
 supported the establishment of Victoria-India partnerships and projects including:
– a collaborative project between the Victorian Government, Earth Systems and the Indian Institute of
technology Kanpur to tackle tannery waste issues in the Ganges River basin
– the Sporting Excellence through Partnership and Development Project between Kerala Government
and Victoria University
– the signing of a Vocational Education and Training MOU between Kalyani Skills, a Bharat Forge
Group Company and Chisholm Institute of TAFE
– partnerships between Career Life College with eight institutes and government agencies across India
– an MOU between Jawaharal Institute of Post Graduate Medical Research Institute and Bionics
Institute of Australia for cooperation on neurosciences
– Victorian company Hydronumerics with a project in Gujarat
Department of State Development, Business and Innovation Annual Report 2013-14
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– establishment of a training centre by GLOB-Education Promotion Company, a subsidiary of SILK
education (Victorian provider)
 supported inbound missions of Indian companies to explore opportunities for partnerships in Victoria
including:
– a buyer delegation of 10 Indian leather companies from the Council of Leather Exports to source raw
materials and speciality leathers and learn from Victoria’s expertise in treating effluents from tanneries
– Marico Industries, one of India’s fast moving consumer goods companies.
Promotion of Victoria and its industry capabilities
The VGBOs:
 supported the Institute of Health Nursing Australia which launched a professional nursing exchange
program in Kerala
 conducted a seminar on Victorian research and innovation capabilities to top engineering colleges in
Bangalore, Karnataka (August 2014)
 organised a roundtable with Indian Banks’ Association members with the Hon. Gordon Rich-Phillips MLC,
Assistant Treasurer, Minister for Technology and Minister responsible for the Aviation Industry
 in partnership with Mind Blowing Films, organised the media event for the Indian Film Festival of
Melbourne (IFFM) 2014 in Mumbai (March 2014), attended by the Hon. Louise Asher MP, Minister for
Innovation, Minister for Tourism and Major Events and Minister for Employment and Trade and IFFM
ambassador Vidya Balan.
Strengthening international relationships
The VGBOs:
 supported the visit to India by the Hon. Gordon Rich-Phillips MLC, Assistant Treasurer, Minister for
Technology and Minister for the Aviation Industry who met with senior Indian Government representatives
in the IT and education portfolios (March 2014)
 in partnership with the international women’s organisation, WEConnect India, hosted the VWIIB event in
Mumbai (March 2014)
 Commissioner delivered the closing address at the UNAIDS 2014 promotional event in Delhi
 supported the AFL India 2014 tournament held in Goa
 provided support at the Samaanata Conference, the final leg of the Sangam Project in Bangalore –
Sangam is a collaborative arts annual conference which provides a platform for Australian and Indian
artists for partnerships and exchanges
 facilitated the Victorian Government’s sponsorship of the Australia India Youth Dialogue 2014 held over
three days in Hyderabad and Delhi (January 2014)
 enhanced engagement with Victorian alumni through events and active promotions, in particular through
the Victoria Connections Program. The VGBO increased the membership base of this group by 61 per
cent in the six months from December 2013 to July 2014.
Delivery of a WoVG approach
The VGBOs:
 organised a business working lunch hosted by the Secretary for key Karnataka Government
representatives from education, trade and tourism in Bangalore during his visit in October 2013 to
promote the STM 2014
Department of State Development, Business and Innovation Annual Report 2013-14
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 implemented initiatives under the state’s India strategy Victoria and India – From Engagement to
Partnerships (2013) through conferences, seminars and missions.
Cooperation with the Federal Government
The VGBOs:
 partnered with Austrade to support a visit to India by the CEO of Neurosciences Victoria, who met with
Indian pharmaceutical companies to scope interest for joint projects in Melbourne
 worked closely with Austrade, the Australian High Commission and Australian Consulate in Mumbai on
plans for Vibrant Gujarat 2015
 participated in a joint promotion of the Cricket World Cup 2015 with the Australian High Commission.
Commissioner for Victoria – Japan and South Korea
The Commissioner in Tokyo represents Victoria in Japan and South Korea. The Commissioner and the
VGBO in Tokyo delivered a range of activities and initiatives in 2013-14.
Significant achievements
 Attracted four new investments bringing over $70 million in capital and generating more than 150 new
jobs in Victoria. Investments included Sanoyas Holdings, Ryohin Keikaku (MUJI) and Kagome Foods
Australia
 Facilitated two major trade missions to Foodex Japan (March 2014) and Seoul Food and Hotel Korea
(May 2014). The 42 Victorian companies that participated reported more than $34 million in anticipated
exports in the 24 months following the activity
 Attracted the 34th AKBC-KABC (Australia Korea Business Council-Korea Australia Business Council)
Joint Meeting to Melbourne (August 2013) with over 150 participants from both countries.
Key deliverables
Contribution to increased investment outcomes for Victoria
The VGBO:
 facilitated four new investments into Victoria and generated 15 new investment leads
 assisted visits to Melbourne by eight companies including Sanoyas Holdings and Ryohin Keikaku
 coordinated 118 meetings with potential and existing Japanese investors
 delivered an investment promotion event at the Business Link Exhibition in Osaka (February 2014)
 supported visits to Victoria by two major Korean companies seeking joint venture and other opportunities
 organised a Victorian investment promotion seminar in Tokyo (March 2014) in partnership with Bank of
Tokyo Mitsubishi – UFJ, which attracted 50 guests from the local business community and generated a
number of investment leads
 delivered a Public Private Partnership investment promotion in South Korea which led to major South
Korean companies investigating potential infrastructure investments in Victoria
 supported the R&D project between RMIT University and Hyundai Motors. The organisations signed on to
the third phase of the project for ‘Minimising Wind Noise In-Cabin of Vehicle’.
Department of State Development, Business and Innovation Annual Report 2013-14
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Contribution to increased export outcomes for Victoria
The VGBO:
 supported 145 Victorian companies participating in Victorian Government trade programs. Participating
companies reported anticipated export sales of over $53 million in the 24 months following the trade
activity
 organised and participated in 11 trade shows and events
 organised 16 delegates from Korea and Japan to attend the International Food and Beverage Trade
Week in Melbourne (March 2014)
 organised the launch and promotion of Australia Table Grapes in Japan and Korea in conjunction with the
Australian Table Grapes Association, Austrade and the Victorian Department of Environment and Primary
Industries
 delivered a Japan Education Trade Mission in Tokyo and Osaka with 19 Victorian education providers
(June 2014)
 assisted RMIT University and Kookmin University to conclude a Student Exchange Agreement in March
2014, which aimed to commence exchanges from 2015
 assisted with a Victoria University and Nagasaki University agreement to establish Student Mobility
Programs between the two universities
 supported two institutions at an Education Agent Workshop 2014 and arranged a networking event with
86 attendees in Seoul, South Korea
 supported Peerless to re-enter the Korean market with its innovative product ‘ABS’.
Promotion of Victoria and its industry capabilities
The VGBO:
 promoted Victoria’s capabilities at the Japan-Australia Society in Kansai seminar (December 2013) and at
the Melbourne Business Seminar in Osaka (March 2014)
 coordinated a nanotechnology researchers’ delegation to Tokyo (January 2014) and a presentation at
Nanotech Japan 2014 Exhibition (February 2014)
 delivered a Victorian Research Capability promotion with five Victorian researchers from La Trobe
University, Deakin University and the Australian Synchrotron
 participated in the Austrade Korea Education Roadshow ‘Australia Future Unlimited Education Exhibition’
in Korea to promote Study Melbourne and assisted the participation of 14 Victorian education and training
providers
 delivered an education mission ‘Study Melbourne Fair Japan 2014’ with 19 education and training
providers to develop new industry connections in Tokyo and Osaka
 Commissioner gave an interview to Korea’s leading publication ‘Hotel & Restaurant’ to introduce
Victoria’s agribusiness and food and beverage capability and opportunities arising from the KoreaAustralia Free Trade Agreement
 facilitated a report on Victorian wine exporters attending Seoul Food 2014 by the top wine magazine in
Korea ‘Wine Review’
 promoted the AusBiotech Investment Summit in Melbourne (December 2014) and supported Victorian
participants at BioKorea 2014 (May 2014)
 conducted an interview with Korea’s second biggest economic daily newspaper ‘The Korea Economic
Daily (Hankyung)’ to promote Victoria’s strong economy and infrastructure investment opportunities
 promoted Victoria’s cleantech and renewable energy capability at Entech 2013 in Busan, South Korea
(July 2013).
Department of State Development, Business and Innovation Annual Report 2013-14
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Strengthening international relationships
The VGBO:
 supported a visit to Japan by the Premier of Victoria the Hon. Dr Denis Napthine MP (October 2013) and
coordinated the Premier’s attendance at the 51st Japan-Australia Joint Business Conference
 coordinated the visit to Japan by the Deputy Premier of Victoria the Hon. Peter Ryan MP and Minister for
State Development (October 2013). The Deputy Premier met with the Vice Mayor of Osaka City to
celebrate the 35th anniversary of the sister city relationship with the City of Melbourne
 assisted the visit to Osaka in March 2013 by the Lord of Mayor of Melbourne and coordinated business
matching meetings for the associated business delegation
 coordinated a visit by a delegation from the Aichi Prefectural Assembly to Melbourne to meet with the
Governor of Victoria His Excellency the Hon. Alex Chernov AC QC, the Premier, the President of the
Legislative Council the Hon. Bruce Atkinson MLC, and the then Speaker of the Legislative Assembly the
Hon. Ken Smith MP.
Delivery of a WoVG approach
The VGBO:
 coordinated the visit of a senior DSDBI official to present at the 22nd Clean Coal Day International
Conference and set up meetings with Japanese Ministry of Economy, Trade and Industry, coal energy
industry body and companies. A dinner was co-hosted with the Federal Government, attended by 20 key
Japanese Government, industry and academic stakeholders related to brown coal technology
development
 assisted a visit to Korea by the Governor of Victoria His Excellency the Hon. Alex Chernov AC QC. Visits
were arranged with POSCO, POSTECH, Hyundai Motors, FKI, Ministry of Patriots & Veterans, Supreme
Court and Busan City Government in South Korea (October 2013)
 supported the Hamer Scholarships Program to Japan and South Korea to further develop Victoria’s
relationships with Japan and Korea-based universities and partner organisations
 supported the participation of a representative from the Victorian Department of Human Services in the
K2H (Korea Heart to Heart) Fellowship Program with the Busan City Government.
Cooperation with the Federal Government
The VGBO:
 developed relationships with Japanese pharmaceutical products companies and medical device
companies jointly with the Austrade Tokyo to promote Victoria’s capabilities
 participated in the Business Link Exhibition in Osaka in collaboration with Austrade (February 2014)
 worked with the Federal Government Department of Agriculture, Fisheries and Forestry in Seoul on
market entry for Australian table grapes and promoted Korea’s revised organic processed food and
ingredient regulation to Victorian exporters.
Department of State Development, Business and Innovation Annual Report 2013-14
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Appendix 13: Implementation of the Victorian
Industry Participation Policy
The Victorian Industry Participation Policy Act 2003 requires Victorian Government departments and public
sector bodies to report on the implementation of the Victorian Industry Participation Policy (VIPP).
Departments and public sector bodies are required to apply VIPP in all procurement activities valued at $3
million or more in metropolitan Melbourne and for statewide projects, or $1 million or more for procurement
activities in regional Victoria.
During 2013-14, the department commenced one contract which met or exceeded VIPP thresholds. A VIPP
plan was not required for this procurement as it was local by nature, with an estimated 100 per cent local
content.
The department did not commence or complete any other procurement activities which met or exceeded
VIPP thresholds in 2013-14.
There were no projects that were commenced prior to the implementation of VIPP reforms on 1 January
2013 that were completed in 2013-14.
During 2013-14, the Industry Capability Network had 20 conversations with the department’s grant recipients
and one conversation regarding design contracts for departmental projects that correspond with the
registration and issuing of an Interaction Reference Number.
Appendix 14: Office-based environmental
impacts
The following information has been prepared in accordance with FRD 24C of the Financial Management Act
1994 which requires information to be reported for sites with 10 or more FTE staff.
Through MOG changes in 2013, a number of office sites are new to the department for this financial year.
There are also a number of sites that are no longer being used by the department due to office location
changes.
Office-based environmental impacts summary trend table
Total
2013-14
Total
2012-13
% Change
from
2012-13
MJ/M2
170.21
172.85
-2%
kg/FTE
98.1
116.3
-16%
Reams/FTE
17.02
18.77
-10%
kL/M2
0.42
0.48
-13%
Energy use
Units of energy (gas and electricity) use per unit
of office space
Waste production
Units of waste produced per FTE staff
Paper use
Units of copy paper used per FTE staff
Water consumption
Units of metered water consumed per unit of
office space
Department of State Development, Business and Innovation Annual Report 2013-14
246
Units of metered water consumed per FTE staff
Total
2013-14
Total
2012-13
% Change
from
2012-13
kL/FTE
14.44
15.93
-10%
t CO2-e/
1,000km
0.21
0.17
+23%
Transportation
Greenhouse gas emissions from operational
vehicles per 1,000 km travelled
Explanatory notes
 The data reported represents the 12 month period from 1 July 2013 to 30 June 2014. This is the first full
year that the department has operated under its current structure
 An average FTE during the reporting time period has been used
 Waste data was extrapolated from four samples that are not statistically representative and should be
read with caution
 Some adjustments have been made to the previous year to reflect departmental changes and to provide
the most comparable data
 Due to MOG changes, the department has significantly increased its fleet size and the mix of vehicles
now includes significantly more non-hybrid vehicles. The fleet size increased from 21 vehicles to 124
vehicles.
Energy use
Total 2013-14
Indicator
Total 2012-13
Electricity
Natural Gas
Electricity
Natural Gas
MJ
5,082,919
76,196
5,161,860
81, 824
t CO2-e
1,892
4
1,921
5
MJ/FTE
5,942
5,861
5,958
5,421
MJ/M2
170.2
132.2
172.9
151.0
Percentage of FRD 24C sites
represented
%
75
12
75
25
Percentage of FRD 24C FTE
staff
%
95
2
95
3
Total energy usage
Total greenhouse gas emissions
associated with energy (offsets
included)
Units of energy used per FTE
staff
Units of energy used per unit of
office area
Explanatory notes
 No electricity data was available for the department’s Geelong and Wangaratta sites
 The department’s office in Dandenong is the only departmental office that uses gas for air-conditioning
and hot water.
Actions undertaken during the year to reduce energy use
 Purchased Australian-based carbon offsets equivalent to 25 per cent of the 2012-13 emissions
associated with the department’s energy use
Department of State Development, Business and Innovation Annual Report 2013-14
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 Departmental offices in the Melbourne metropolitan area participated in Earth Hour 2014. The
department’s Facilities, Environmental Management and Environment Champions worked with Building
Managers to ensure that lighting, with the exception of essential security lighting, was turned off
 An automatic after-hours shutdown policy for departmental computers was implemented, to reduce
standby power consumption. With the assistance of the department’s volunteer Environment Champions,
an information campaign was also implemented to increase the number of staff switching off their
computer monitors
 Information on energy efficiency for the home and office was provided to staff through internal
communications such as the environmental management electronic newsletter and intranet articles.
2014-15 targets
 Amend procurement policy to ensure that only appliances that have a minimum 3.5 star energy and water
rating can be purchased for departmental offices
 Develop and distribute a range of prompting communications materials to remind staff to turn off lights
and computer monitors to save energy
 Continue to participate in Earth Hour with the aim of increasing regional office involvement in the event
 Continue to visit regional offices to identify energy saving opportunities.
Waste production
Indicator
Total 2013-14
Total 2012-13
Total units of waste disposed of by destination
kg
71,848
84,330
Units of recycling disposed of by destination
kg
53,630
62,819
Units of organic recycling disposed of by
destination
kg
4,438
6,467
Units of landfill disposed of by destination
kg
13,779
15,043
Total units of waste disposed of per FTE staff
by destination
kg/FTE
98.1
116.3
Units of recycling per FTE staff
kg/FTE
73.1
86.8
Units of organic recycling per FTE staff
kg/FTE
6.1
8.8
Units of landfill per FTE staff
kg/FTE
18.9
20.7
%
81
82
t CO2-e
16.5
18.1
Percentage of all sites reported
%
12.5
25
Percentage of all FTE staff reported
%
85
89
Recycling rate
Greenhouse gas emissions associated with
waste disposal based on weighted average of
all audits
Explanatory notes
 The above data is derived from four waste audits that were conducted by an external auditor over five
day periods at 121 Exhibition Street, Melbourne
 Conducting four waste audits at the 121 Exhibition Street office goes beyond the requirements of FRD
24C. However, extracting annual data from these limited sampling events is still not statistically
representative and should be read with caution
Department of State Development, Business and Innovation Annual Report 2013-14
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 There was not a strong correlation between waste consumption and the number of FTE at 121 Exhibition
Street at the time of each audit
 The data presented above excludes the items recycled by Green Collect and Cart Collect.
Actions undertaken during the year to reduce waste
 An awareness campaign was implemented to increase awareness and understanding of what waste
items can be recycled and which bin they should be placed in
 Waste bin signage was updated across the department, reflecting changes to recycling services and
processes
 Site visits were conducted to the department’s regional offices to identify opportunities for improvement in
waste management. A key action resulting from the assessments has been to ensure these offices have
the facilities to recycle their compost, paper, toners, e-waste and other general recyclable items such as
plastics, glass, CDs and batteries
 Unwanted office waste such as CDs, batteries, e-waste and stationery was collected by Green Collect
from the department’s 121 Exhibition Street office for upcycling and recycling. Regional staff from the
department’s newer offices also began sending their office waste to head office for the Green Collect
service
 Old mobile phones were donated to the Melbourne Zoo’s They’re Calling On You Program. Used printer
toner cartridges were donated to Cart Collect for recycling
 All departmental staff have paper and landfill bins for their desks to assist in the correct sorting of waste.
An awareness campaign was run to reiterate the correct use of the bins
 An awareness campaign was run to raise staff awareness of the waste issues associated with purchasing
disposable paper coffee cups.
2014-15 targets
 Continue to visit the department’s offices to assess and improve waste management performance
 Continue to upcycle and recycle department office materials that can no longer be used
 Donate all business phones to the Melbourne Zoo’s They’re Calling on You Program
 Continue to educate and communicate with staff to reduce the total amount of waste produced by the
department, and to improve waste recycling rates.
Paper use
Indicator
Total units of paper used
Total 2013-14 Total 2012-13
Reams
15,007
16,705
Reams/FTE
17.0
18.8
Percentage 75-100% recycled content copy paper
purchased
%
92.9
90.3
Percentage 50-75% recycled content copy paper
purchased
%
0.1
0.3
Percentage 0-50% recycled content copy paper
purchased
%
7.0
9.4
Percentage of FRD24C sites reported
%
87.5
100
Percentage of all FTE staff from FRD24C sites reported
%
98
100
Units of paper used per FTE staff
Department of State Development, Business and Innovation Annual Report 2013-14
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Explanatory notes
 The department’s procurement policy prescribes that white A4 paper purchased by the department must
be Australian made and must have a minimum of 80 per cent recycled content. Exempt from this policy is
the purchase of Nallawilli Copy Paper by the department’s Indigenous Economic Development for Small
Business Team. This exemption accords with Schedule 2 of the Victorian State Purchasing Contract
which supports purchases from indigenous enterprises that are certified as members of Supply Nation
 No paper data was available for the Wangaratta office.
Actions undertaken during the year to reduce waste
 The department implemented standard monthly paper orders in 121 Exhibition Street, reducing the
number of people able to order paper and also limiting the choices to 80 per cent recycled content paper
for both A4 and A3 sizes
 Internal articles were published which detailed how many reams were used by the department last year
and the impact paper use has on the environment
 Site visits were conducted to the department’s regional offices to identify opportunities for improvement in
paper management. A key action resulting from the visits has been to ensure these offices have
appropriate facilities and processes to recycle their paper and card waste
 Old stationery items and letterhead that could not be reused were donated to Green Collect for recycling.
Collection of these items continues.
2014-15 targets
 Continue to raise awareness of the need to maintain departmental site printers for automatic black and
white printing and duplex printing
 Continue to monitor the purchasing of white A4 and A3 paper to ensure it is maintained at a minimum of
80 per cent recycled content
 Implement regular paper reduction campaigns, including posters and Environment Champion actions
 Continue to visit departmental offices to assess and improve their paper use performance
 Continue to donate all unwanted stationery and letterhead to Green Collect.
Water consumption
Indicator
Total 2013-14 Total 2012-13
kL/M2
11.990
13,820
kL/FTE
0.42
0.48
Total units of metered water consumed
kL
14.44
15.93
Percentage of all sites reported
%
62.5
62.5
Percentage of all FTE staff reported
%
92
92
Units of metered water consumed per unit of office area
Units of metered water consumed per FTE staff
Explanatory notes
 Data was not available for all FRD 24C sites and all periods
 A majority of the department’s water usage is not separately metered. Water usage at sites without
separate meters is apportioned as per the square metre of building occupancy
 The largest factor influencing water consumption at 121 Exhibition Street, the office with the highest
number of departmental staff, is the consistency of operation of the building’s black water treatment plant.
Department of State Development, Business and Innovation Annual Report 2013-14
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When functioning, the recycled water is used to flush the toilets, therefore reducing the amount of potable
(drinking) water used.
Actions undertaken during the year to reduce water use
 Explored a water saving initiative with the shared services provider who manages departmental tenancies
 Improved water data gathering processes to enable greater statistical validity and increased data
confidence levels.
2014-15 targets
 Amend procurement policy to ensure that only appliances with a minimum 3.5 star energy and water
rating can be purchased for departmental offices
 Investigate water saving opportunities at regional and metropolitan departmental sites
 Continue to work with the shared services provider to upgrade leased sites so that the offices are more
water efficient.
Transportation
Departmental operational fleet
Total 2013-14
Total 2012-13
4 Cylinder
(Inc Hybrid)
6 Cylinder
(LPG And
ULP)
4 Cylinder
6 Cylinder
Total energy consumption by vehicles (MJ)
1,370,877
371,107
291,446
34,375
Total vehicle travel associated with entity
operations (km)
3,834,386
1,243,209
743,180
120,443
Total greenhouse gas emissions from vehicle fleet
(t CO2-e)
260
82
54
8
Greenhouse gas emissions from vehicle fleet per
1,000 km travelled (t CO2-e/1,000 km)
0.20
0.24
0.18
0.23
Indicator
Departmental use of State Government vehicle pool
Indicator
Total 2013-14
Total 2012-13
Total energy consumption by vehicles (MJ)
372,216
247,556
Total vehicle travel associated with entity operations (km)
857,009
525,186
57
36
0.17
0.14
Total 2013-14
Total 2012-13
3,525,011
2,681,100
Total greenhouse gas emissions from vehicle fleet (t CO2-e)
Greenhouse gas emissions from vehicle fleet per 1,000 km travelled
(t CO2-e/1,000 km)
Air travel
Indicator
Total distance travelled by aeroplane (km)
Department of State Development, Business and Innovation Annual Report 2013-14
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Staff transport
Indicator
Percentage of staff regularly
(more than 75 per cent of work
attendance days) using public
transport, cycling or walking, or
carpooling to and from work or
working from home by locality
type
Overall % of staff
using
sustainable
transport
81
Total 2013-14
Total 2012-13
% breakdown of staff
using sustainable
transport by work
location
Overall % of staff
using sustainable
transport
Metro
CBD
Regional
Overseas
offices/Interstate
35.1
91.4
34.5
66.7
88
Explanatory notes
 The basis of the travel survey measurements has changed from source location to work location and only
the aggregate is comparable
 Staff use of departmental fleet vehicles and State Government pool vehicles has been separated as a
different methodology has been used to calculate the environmental impact of each vehicle pool
Due to
MOG changes, the department has significantly increased its fleet size and the mix of vehicles now
includes significantly more non-hybrid vehicles. The fleet size increased from 21 vehicles to 124 vehicles
 The amount of international flights taken by departmental staff increased last year. This is due to the 16
trade missions conducted during 2013-14. The trade missions are central to the Government’s increased
focus on growing the state’s exports and the state’s long-term international engagement activities. The
department’s Trade Mission Program aims to connect Victorian businesses with opportunities in global
markets through a sustained, large scale and targeted trade and investment program
 Staff travel only considers survey data between Monday to Friday, when the vast majority of staff are
working.
Action taken during the year to reduce emissions related to travel
 Purchased 530 tonnes of carbon offsets equivalent to the greenhouse gases produced from the
department’s 2012-13 international air travel
 Promoted active transport with the department’s Bicycle User Group and Corporate Health and Safety
Group. This included a Ride to Work Day breakfast event.
2014-15 targets
 Continue to promote the use of sustainable transport modes, and the use of active transport through
events such as Ride to Work Day
 Purchase 610 tonnes of carbon offsets, equivalent to the department’s 2013-14 international air travel
emissions
 Improve staff use of video conferencing facilities to reduce travel between offices.
Actions undertaken during the year to reduce environmental impact of
procurement
 The department maintained a 38 per cent level of environmentally-friendly or recycled content stationery
purchasing throughout 2013-14.
Department of State Development, Business and Innovation Annual Report 2013-14
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2014-15 targets
 Provide additional guidance to staff on sustainability considerations when procuring goods and services
 Further increase recycled content stationery purchases to 43 per cent.
Greenhouse gas emissions
Indicator
Total 2013-14 Total 2012-13
Total greenhouse gas emissions associated with energy
use
t CO2-e
1,894
1,926
Carbon offsets purchased for energy emissions
Tonnes
474
290
Total greenhouse gas emissions associated with vehicle
fleet
t CO2-e
333
98
Total greenhouse gas emissions associated with air travel
t CO2-e
874
653
Greenhouse gas emissions associated with international
air travel
t CO2-e
610
530
Total greenhouse gas emissions associated with waste
disposal
t CO2-e
16
18
Total greenhouse gas emissions associated with
departmental operations
t CO2-e
3,117
2,695
Greenhouse gas emissions offsets purchased
t CO2-e
1,004
569
Explanatory notes
 Due to MOG changes, the department has significantly increased its fleet size from 21 vehicles to 124
vehicles
 The amount of international flights taken by departmental staff increased last year. This is due to the 16
trade missions conducted during 2013-14
 The department purchased 1004 tonnes of carbon offsets equivalent. This included 530 tonnes of carbon
offsets for its 2012-13 international air travel emissions as well as 474 tonnes of carbon offsets, which is
equivalent to approximately 25 per cent of its 2013-14 energy emissions. This approximate includes
current known emissions and estimated emissions based on all departmental offices.
Department of State Development, Business and Innovation Annual Report 2013-14
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Appendix 15: Legislation administered by the
Department of State Development, Business and
Innovation
Aviation industry
Aerodrome Landing Fees Act 2003
Australian Airlines (Intrastate Services) Act 1990
Civil Aviation (Carriers’ Liability) Act 1961
Wrongs Act 1958 (Part VI) – this part is jointly administered with the Attorney-General. The Act is otherwise
administered by the Attorney-General.
Planning and Environment Act 1987:
 Part 3C, except in so far as it relates to the land along the Ninety Mile Beach that is shown either as
‘Areas within the Settlement Boundaries’ or ‘Areas outside the Settlement Boundaries’ on the plans
forming part of the document entitled ‘Ninety Mile Beach Development and Subdivision Controls: The
Honeysuckles to Paradise Beach’ and dated August 2007 (revised June 2009) that was incorporated into
the Wellington Planning Scheme by Amendment C48 to the Wellington Planning Scheme, and revised by
Amendment C61 to the Wellington Planning Scheme, whether or not that document remains incorporated
into the Wellington Planning Scheme (except in so far as it relates to that land, this Part is jointly
administered with the Minister for Planning)
 Part 3C in so far as it relates to the land along the Ninety Mile Beach that is shown either as ‘Areas within
the Settlement Boundaries’ or ‘Areas outside the Settlement Boundaries’ on the plans forming part of the
document entitled ‘Ninety Mile Beach Development and Subdivision Controls: The Honeysuckles to
Paradise Beach’ and dated August 2007 (revised June 2009) that was incorporated into the Wellington
Planning Scheme by Amendment C48 to the Wellington Planning Scheme, and revised by Amendment
C61 to the Wellington Planning Scheme, whether or not that document remains incorporated into the
Wellington Planning Scheme (in so far as it relates to that land, this Part is jointly administered with the
Attorney-General)
 The Act is otherwise administered by the Attorney-General, the Minister for Planning and the Treasurer.
Employment and trade
Child Employment Act 2003
Energy and resources
Electricity Industry Act 2000
Electricity Safety Act 1998
Energy Safe Victoria Act 2005
Extractive Industries (Lysterfield) Act 1986
Fuel Emergency Act 1977
Gas Industry Act 2001
Gas Safety Act 1997
Geothermal Energy Resources Act 2005
Greenhouse Gas Geological Sequestration Act 2008
Department of State Development, Business and Innovation Annual Report 2013-14
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Mineral Resources (Sustainable Development) Act 1990
Mines (Aluminium Agreement) Act 1961
National Electricity (Victoria) Act 2005
National Gas (Victoria) Act 2008
Nuclear Activities (Prohibitions) Act 1983
Offshore Petroleum and Greenhouse Gas Storage Act 2010
Petroleum Act 1998
Pipelines Act 2005
State Electricity Commission Act 1958 – section 107 (the Act is otherwise administered by the Treasurer)
Underseas Mineral Resources Act 1963
Victorian Energy Efficiency Target Act 2007
Victorian Renewable Energy Act 2006
Mineral Resources (Sustainable Development) Act 1990
Mines (Aluminium Agreement) Act 1961
National Electricity (Victoria) Act 2005
National Gas (Victoria) Act 2008
Nuclear Activities (Prohibitions) Act 1983
Offshore Petroleum and Greenhouse Gas Storage Act 2010
Petroleum Act 1998
Pipelines Act 2005
State Electricity Commission Act 1958 – section 107 (the Act is otherwise administered by the Treasurer)
Underseas Mineral Resources Act 1963
Victorian Energy Efficiency Target Act 2007
Victorian Renewable Energy Act 2006
Innovation
Agent-General and Commissioners for Victoria Act 2007 – Except sections 4, 5, 6, 7 and 8, which are
administered solely by the Premier. Section 13 is administered jointly and severally with the Premier.
Film Act 2001 – Part 2. Parts 1, 4 and 5 are jointly administered with the Minister for the Arts. The Act is
otherwise administered by the Minister for the Arts.
Major projects
Crown Land (Reserves) Act 1978 – as it applies to Crown allotments 2219; 2220; 2221; and 2222 on
OP122930 and Crown allotments 2026; 2031; 2162; and 2223 on OP122933, County of Bourke, Parish of
Melbourne South, City of South Melbourne. The Act is otherwise administered by the Assistant Treasurer,
the Minister for Corrections, the Minister for Environment and Climate Change, the Minister for Health, the
Minister for Ports, and the Minister for Sport and Recreation.
Melbourne Market Authority Act 1977
Project Development and Construction Management Act 1994 – Part 5A (except to the extent that it relates
to the exercise of powers and functions under Part 9A of the Planning and Environment Act 1987) and Part
8. The Act is otherwise administered by the Minister for Finance, the Minister for Planning and the Premier.
Department of State Development, Business and Innovation Annual Report 2013-14
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Manufacturing
Victorian Industry Participation Policy Act 2003 (administered jointly with the Minister for State Development)
Regional and rural development
Regional Development Victoria Act 2002
Regional Growth Fund Act 2011
Regional cities
Albury-Wodonga Agreement (Repeal) Act 2003
Small business
ANZAC Day Act 1958 – Except sections 3 and 4A, which are administered by the Minister for Veterans
Affairs. Section 4 is administered solely by the Minister for Sport and Recreation.
Public Holidays Act 1993
Retail Leases Act 2003
Shop Trading Reform Act 1996
Small Business Commissioner Act 2003
Summer Time Act 1972
State development
Victorian Industry Participation Policy Act 2003 (administered jointly with the Minister for Manufacturing)
Technology
Howard Florey Institute of Experimental Physiology and Medicine (Repeal) Act 2007
Medical Research Institutes (Repeal) Act 2008
Tourism and major events
Australian Grands Prix Act 1994
Emerald Tourist Railway Act 1977
Melbourne Convention and Exhibition Trust Act 1996
Tourism Victoria Act 1992
New legislation in 2013-14
Acts
Electricity Safety Amendment (Bushfire Mitigation) Act 2014
Energy Legislation Amendment (Customer Metering Protections and Other Matters) Act 2014
Energy Legislation Amendment (General) Act 2014
Mineral Resources (Sustainable Development) Amendment Act 2014
Department of State Development, Business and Innovation Annual Report 2013-14
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Small Business Commissioner Amendment Act 2014
Legislative Instruments
Child Employment Regulations 2014
Mineral Resources (Sustainable Development) (Mineral Industries) Regulations 2013
National Gas (Victoria) (Declared System Provisions) Regulations 2014
Victorian Energy Efficiency Target Act – 2014 Greenhouse Gas Reduction Rate Order
Appendix 16: Freedom of information
The Freedom of Information Act 1982 allows the public a right of access to documents held by the
department. For the 12 months ending 30 June 2014, the department received 66 applications. Of these
requests, 36 were received from Members of Parliament and the remainder were received from members of
the general public and media.
Of the total requests received by the department, six decisions were reviewed by the Victorian Civil and
Administrative Tribunal and there were two reviews by the Office of the Victorian Freedom of Information
Commissioner. The Commissioner also received one complaint.
Making a request
Requests for documents in the possession of the department should be addressed to:
Manager, Freedom of Information and Privacy
Department of State Development,
Business and Innovation
Level 9, 121 Exhibition Street
Melbourne VIC 3000
The requirements for making a request are:
 it should be in writing
 it should identify as clearly as possible the documents being requested
 it should be accompanied by the appropriate application fee (the fee may be waived in certain
circumstances).
Applications can also be lodged online at the Victorian Government Freedom of information website
(foi.vic.gov.au).
Access charges may also apply under some conditions.
Further information regarding freedom of information can be found atthe Victorian Government Freedom of
information website (foi.vic.gov.au).
Department of State Development, Business and Innovation Annual Report 2013-14
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Appendix 17: Compliance and Attestations
Compliance with the Building Act 1993
All Victorian Government departments and funded agencies are required to comply with the requirements of
the Building Act 1993, the Building Code of Australia and statutory obligations set by Government.
The Building Act 1993 applies to construction, demolition, removal and refurbishment of capital projects, and
the Building Code of Australia relates to standards set for building regulations.
Compliance with Datavic Access Policy
Consistent with the DataVic Access Policy issued by the Victorian Government in 2012, the tabular
information included in this Annual Report will be available at the Victorian Government Data Directory
website (data.vic.gov.au) in machine readable format.
Compliance with the Disability Act 2006
The Disability Act 2006 requires that all public sector bodies prepare a disability action plan and that
departments report on the implementation of their plan in their annual report (s.38).
The department’s Disability Action Plan 2012-2015 outlines the actions that the department will take to
address potential barriers for people with disabilities and includes four key principles that the department:
 is accessible to all customers, stakeholders and staff with a disability
 recognises the significant value of employing and retaining people with a disability
 recognises, includes and promotes the participation of people with a disability in the department’s
programs and in the community
 has a shared accountability for reducing issues and barriers to people with a disability.
A highlight in 2013-14 was the celebration of International Day of People with Disability. The department
assisted in organising a VPS-wide event featuring television personality and comedian, Tim Ferguson. Tim
was joined by a panel of high-profile speakers for a question and answer session following his speech.
Compliance with National Competition Policy
Under the National Competition Policy, the guiding legislative principle is that legislation, including future
legislative proposals, should not restrict competition unless it can be demonstrated that:
 the benefits of the restriction to the community as a whole outweigh the costs
 the objectives of the legislation can only be achieved by restricting competition.
The department continues to comply with the requirements of the National Competition Policy.
Competitive neutrality requires government businesses to ensure where services compete, or potentially
compete with the private sector, any advantage arising solely from their government ownership be removed
if they are not in the public interest. Government businesses are required to cost and price these services as
if they were privately owned and thus be fully cost reflective. Competitive Neutrality Policy provides
government businesses with a tool to enhance decisions on resource allocation. This policy does not
override other policy objectives of government and focuses on efficiency in the provision of service.
Department of State Development, Business and Innovation Annual Report 2013-14
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Compliance with the Protected Disclosure Act 2012
(formerly the Whistleblowers Protection Act 2001)
The Protected Disclosure Act 2012 encourages and assists people in making disclosures of improper
conduct by public officers and public bodies. The Act provides protection to people who make disclosures in
accordance with the Act and establishes a system for the matters disclosed to be investigated and rectifying
action to be taken.
The department does not tolerate improper conduct by employees, nor the taking of reprisals against those
who come forward to disclose such conduct. It is committed to ensuring transparency and accountability in
its administrative and management practices and supports the making of disclosures that reveal corrupt
conduct, conduct involving a substantial mismanagement of public resources, or conduct involving a
substantial risk to public health and safety or the environment.
The department will take all reasonable steps to protect people who make such disclosures from any
detrimental action in reprisal for making the disclosure. It will also afford natural justice to the person who is
the subject of the disclosure to the extent it is legally possible.
Reporting procedures
Disclosures of improper conduct or detrimental action by the department or any of its employees and/or
officers may be made to any of the following department personnel:
 the Protected Disclosure Coordinator
 the Secretary of the department
 a manager or supervisor of a person from the department who chooses to make a disclosure
 a manager or supervisor of a person from the department about whom a disclosure has been made.
Alternatively, disclosures of improper conduct or detrimental action by the department or any of its
employees and/or officers may also be made directly to the Independent Broad-based Anti-corruption
Commission (IBAC):
Level 1, North Tower, 459 Collins Street
Melbourne VIC 3000
Phone: 1300 735 135
IBAC website (ibac.vic.gov.au)
Email: refer to the website above for the secure email disclosure process, which also provides for
anonymous disclosures
Further information
The Protected Disclosure Policy and Procedures, which outline the system for reporting disclosures of
improper conduct or detrimental action by the department or any of its employees and/or officers, are
available on the Department of State Development, Business and Innovation website (dsdbi.vic.gov.au).
Disclosures under the Protected Disclosure Act 2012
Total 2013-14
Total 2012-13
1
0
The number of disclosures made by an individual to the
department and notified to IBAC
Assessable disclosures
Department of State Development, Business and Innovation Annual Report 2013-14
259
Declaration of major contracts
In accordance with the requirements of government policy and accompanying guidelines, the department is
required to disclose all contracts greater than $10 million in value that it entered into during the year ended
30 June 2014. Details of contracts that have been disclosed can be viewed at the Victorian Government
Major Contracts website (contracts.vic.gov.au).
There are no departmental contracts greater than $10 million in value for the reporting period.
Declaration of pecuniary interest
In accordance with the general guidelines for declaration of pecuniary interest, relevant officers have
completed a declaration for the financial year.
Shares held by Senior Officers in a statutory authority or subsidiary:
 no officer holds shares as a nominee or beneficiary in a statutory authority or subsidiary.
Attestation for compliance with the Ministerial Direction
4.5.5.1 – Insurance
I, Howard Ronaldson, Secretary, certify that the Department of State Development, Business and Innovation
has complied with Ministerial Direction 4.5.5.1 – Insurance.
Howard Ronaldson
Secretary
Department of State Development,
Business and Innovation
4 September 2014
Attestation for compliance with the Australian/New Zealand
Risk Management Standard
I, Howard Ronaldson, Secretary, certify that the Department of State Development, Business and Innovation
has risk management processes in place consistent with the Australian/New Zealand Risk Management
Standard (AS/NZS ISO 31000:2009 or its successor) and an internal control system is in place that enables
the executive to understand, manage and satisfactorily control risk exposures. The Risk and Audit
Committee verifies this assurance and that the risk profile of the Department of State Development,
Business and Innovation has been critically reviewed within the last 12 months.
Howard Ronaldson
Secretary
Department of State Development,
Business and Innovation
4 September 2014
Department of State Development, Business and Innovation Annual Report 2013-14
260
Appendix 18: Summary of additional
departmental information available upon request
In compliance with the requirements of the Standing Directions of the Minister for Finance, details in respect
to the items listed below have been retained by the department, and are available to the relevant Ministers,
Members of Parliament and the public on request (subject to the provisions of the Freedom of Information
Act 1982, if applicable):
a.
A statement that declarations of pecuniary interests have been duly completed by relevant officers of the
department
b.
Details of shares held by senior officers as nominee or held beneficially in a statutory authority or
subsidiary
c.
Details of publications produced by the department about the department and how these can be
obtained
d.
Details of changes in prices, fees, charges, rates and levies charged by the department
e.
Details of any major external reviews carried out on the department
f.
Details of major research and development activities undertaken by the department
g.
Details of overseas visits undertaken by the department including a summary of the objectives and
outcomes of each visit
h.
Details of major promotional, public relations and marketing activities undertaken by the department to
develop community awareness of the department and its services
i.
Details of assessments and measures undertaken by the department to improve the occupational health
and safety of employees
j.
A general statement on industrial relations within the department and details of time lost through
industrial accidents and disputes
k.
A list of major committees sponsored by the department, the purposes of each committee and the extent
to which the purposes have been achieved
l.
Details of departmental professional works and services procured (including consultancies and
contractors)
m. Details of government advertising expenditure by the department (campaigns with a media spend of
$150,000 or greater)
n.
A summary of Victorian Feed-in Tariff Scheme reporting.
The information is available upon request from:
Director, Strategic Communication and Marketing Branch
Corporate, Planning and Compliance Services
Department of State Development,
Business and Innovation
Level 32, 121 Exhibition Street
Melbourne VIC 3000
Phone: 03 9651 9252
Email: strategiccommunications@dsdbi.vic.gov.au
Department of State Development, Business and Innovation Annual Report 2013-14
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Appendix 19: Contact details
Metropolitan VGBOs
CBD – Inner Melbourne Region
Level 11, 121 Exhibition Street
Melbourne VIC 3000
Tel: (+61 3) 9651 9239
Fax: (+61 3) 9651 9505
Department of State Development, Business and Innovation website (dsdbi.vic.gov.au)
Email: information.innermelbourne@dsdbi.vic.gov.au
Bundoora – Northern Metropolitan Region
University Hill
Suite 16, Level 1
20 Enterprise Drive
Bundoora VIC 3083
Tel: (+61 3) 9935 0600
Fax: (+61 3) 9466 7367
Email: information.northmetro@dsdbi.vic.gov.au
Ringwood – Eastern Metropolitan Region
Suite 11, Level 1
12 Maroondah Highway
Ringwood VIC 3134
Tel: (+61 3) 9938 0150
Fax: (+61 3) 9879 3180
Email: Information.eastmetro@dsdbi.vic.gov.au
Dandenong – Southern Metropolitan Region
Level 6, 165-169 Thomas Street
Dandenong VIC 3175
Tel: (+61 3) 9938 0100
Fax: (+61 3) 9794 5644
Email: informationofficer.southmetro@dsdbi.vic.gov.au
Tottenham – Western Metropolitan Region
Level 1, 67 Ashley Street
Tottenham VIC 3012
Tel: (+61 3) 9334 1300
Fax: (+61 3) 9334 1301
Email: information.westmetro@dsdbi.vic.gov.au
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Regional VGBOs
Bairnsdale - by appointment only
574 Main Street
Bairnsdale VIC 3875
Tel: (+61 3) 5152 0600
Email: information.bairnsdale@rdv.vic.gov.au
Ballarat
111 Armstrong Street North
Ballarat VIC 3350
Tel: (+61 3) 5327 2800
Fax: (+61 3) 5327 2830
Email: information.ballarat@rdv.vic.gov.au
Bendigo
Level 1
56-60 King Street
Bendigo VIC 3550
Tel: (+61 3) 4433 8000
Fax: (+61 3) 4433 8099
Email: information.bendigo@rdv.vic.gov.au
Geelong
Level 2, Harrison Place
237 Ryrie Street
Geelong VIC 3220
Tel: (+61 3) 5215 6000
Fax: (+61 3) 5215 6099
Email: information.geelong@rdv.vic.gov.au
Heywood – by appointment only
Winda Mara Aboriginal Corporation
21 Scott Street
Heywood VIC 3304
Tel: (+61 3) 5527 2008
Email: information.warrnambool@rdv.vic.gov.au
Horsham Wimmera Business Centre
62 Darlot Street
Horsham VIC 3400
Tel: (+61 3) 5381 2762
Fax: (+61 3) 5381 2514
Email: information.horsham@rdv.vic.gov.au
Department of State Development, Business and Innovation Annual Report 2013-14
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Leongatha – by appointment only
Cnr. Young and Bair Street
Leongatha VIC 3953
Tel: (+61 3) 5172 2533
Email: information.traralgon@rdv.vic.gov.au
Mildura
131 Langtree Avenue
Mildura VIC 3500
Tel: (+61 3) 5051 2000
Fax: (+61 3) 5051 2020
Email: information.mildura@rdv.vic.gov.au
Robinvale – by appointment only
50 Herbert Street
Robinvale VIC 3549
Tel: (+61 3) 5026 3798
Email: information.mildura@rdv.vic.gov.au
Sale – by appointment only
66 Foster Street
Sale VIC 3850
Tel: (+61 3) 5142 0200
Fax: (+61 3) 5142 0201
Email: information.traralgon@rdv.vic.gov.au
Seymour – by appointment only
Level 2, 8-10 Elizabeth Street
Seymour Vic 3660
Tel: (03) 5799 0573
Email: information.seymour@rdv.vic.gov.au
Shepparton
79a Wyndham Street
Shepparton VIC 3632
Tel: (+61 3) 5895 4100
Fax: (+61 3) 5822 2554
Email: information.shepparton@rdv.vic.gov.au
Swan Hill
C/O - Department of Environment and Primary Industries
324 Campbell Street
Swan Hill VIC 3585
Tel: (+61 3) 5036 4823
Fax: (+61 3) 5032 9682
Email: information.swanhill@rdv.vic.gov.au
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Traralgon
33 Breed Street
Traralgon VIC 3844
Tel: (+61 3) 5116 7300
Fax: (+61 3) 5175 0324
Email: information.traralgon@rdv.vic.gov.au
Traralgon – Planning and Development
71 Hotham Street
Traralgon VIC 3844
Tel: (+61 3) 5172 2533
Email: information.traralgon@rdv.vic.gov.au
Wangaratta
Wangaratta Government Centre
1st Floor, 62 Ovens Street
Wangaratta VIC 3677
Tel: (+61 3) 5722 7101
Fax: (+61 3) 5722 7109
Email: information.wangaratta@rdv.vic.gov.au
Warrnambool
Old Police Station
South West TAFE
Gilles Street
Warrnambool VIC 3280
Tel: (+61 3) 5561 4135
Fax: (+61 3) 5561 3851
Email: information.warrnambool@rdv.vic.gov.au
Wodonga
111-113 Hume Street
Wodonga VIC 3689
Tel: (+61 2) 6059 0200
Fax: (+61 2) 6059 0250
Email: information.wodonga@rdv.vic.gov.au
International VGBOs
Invest Victoria website (invest.vic.gov.au)
San Francisco
USA
575 Market Street
Suite 375
San Francisco CA 94105
United States of America
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Tel: (+1 415) 856 0552
Fax: (+1 415) 856 0517
Email: sanfrancisco@invest.vic.gov.au
Chicago
USA
161 N Clarke Street Ste 4700
Chicago IL 60601-3201
United States of America
Tel: (+1 312) 523 2116
Fax: (+1 312) 523 2001
Email: chicago@invest.vic.gov.au
New York
USA
330 Madison Avenue FL6
New York NY 10017-5041
United States of America
Tel: (+1 212) 573 0955
Fax: (+1 212) 573 0957
Email: newyork@invest.vic.gov.au
Washington
USA
2011 Crystal Drive Ste 400 ive
Arlington VA 22202-3709
United States of America
Tel: (+1 703) 682 6830
Shanghai
People’s Republic of China
Suite 620, Shanghai Center
1376 Nanjing Road West
Shanghai 200040
China
Tel: (+86 21) 6279 8681
Fax: (+86 21) 6279 8685
Email: shanghai@invest.vic.gov.au
Beijing
People’s Republic of China
Unit 2, Level 2, Office Tower C2
The Towers, Oriental Plaza
No. 1 East Chang An Avenue
Dong Cheng District,
Beijing 100738
China
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Tel: (+86 10) 8515 3166
Fax: (+86 10) 8518 2080
Email: beijing@invest.vic.gov.au
Chengdu
People’s Republic of China
Room 1738, Level 17,
Raffles City Tower 2,
No. 3 Section 4,
South Renmin Road,
Wuhou District,
Chengdu 610041
China
Tel: (+86 28) 6511 8108
Fax: (+86 28) 6511 8107
Nanjing
People’s Republic of China
Room 1164, World Trade Centre
Jinling Hotel
2 Hanzhong Road,
Nanjing 210005
China
Tel: (+86 25) 8470 1231
Fax: (+86 25) 8470 9821
Email: nanjing@invest.vic.gov.au
Hong Kong
People’s Republic of China
2108 Harbour Centre
25 Harbour Road, Wanchai
Hong Kong
Tel: (+852) 2587 1133
Fax: (+852) 2802 9675
Email: hongkong@invest.vic.gov.au
Tokyo
Japan
Level 13, Fukoku Seimei Building
2-2-2 Uchisaiwai-cho, Chiyoda-ku
Tokyo 100-0011
Japan
Tel: (+81 3) 3519 3371
Fax: (+81 3) 3519 3375
Email: tokyo@invest.vic.gov.au
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Kuala Lumpur
Malaysia
Suite 23.1, Level 23 Menara IMC
8 Jalan Sultan Ismail
50250 Kuala Lumpur
Malaysia
Tel: (+60 3) 2055 1502
Fax: (+60 3) 2055 1489
Email: kualalumpur@invest.vic.gov.au
Jakarta
Indonesia
World Trade Centre
Metropolitan Complex 1, Level 8
Jl. Jend. Sudirman kav 29-31
Jakarta, 12920
Indonesia
Tel: (+62 21) 521 1228
Fax: (+62 21) 521 1229
Email: jakarta@invest.vic.gov.au
Bangalore
India
Level 1, Pride Elite Building
10 Museum Road
Bangalore 560 001
India
Tel: (+91 80) 4122 7560
Fax: (+91 80) 4122 7569
Email: bangalore@invest.vic.gov.au
Mumbai
India
Level 8, 227 Backbay Reclamation
Nariman Bhavan, Nariman Point
Mumbai 400021
India
Tel: (+91 22) 6142 4300
Email: mumbai@invest.vic.gov.au
London
United Kingdom
Victoria House, Melbourne Place, Strand
London WC2B 4LG
United Kingdom
Tel: (+44 20) 7836 2656
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Fax: (+44 20) 7240 6025
Email: london@invest.vic.gov.au
Frankfurt
Germany
Mainzer Landstrasse 49
D-60329 Frankfurt
Germany
Tel: (+49 69) 308 55070
Fax: (+49 69) 308 55100
Email: frankfurt@invest.vic.gov.au
Dubai
United Arab Emirates and North Africa
Office 111, First Floor
Emarat Atrium Sheikh Zayed Road
PO Box 58004, Dubai
United Arab Emirates
Tel: (+97 14) 321 2600
Fax: (+97 14) 321 2700
Email: dubai@invest.vic.gov.au
Appendix 20: Departmental acronyms
ALDP
Advanced Lignite Demonstration Program
AMI
Advanced Metering Infrastructure
BVO
Business Victoria Online
CBD
Central Business District
CEO
Chief Executive Officer
DSDBI
Department of State Development, Business and Innovation
DTF
Department of Treasury and Finance
EO
Executive Officer
ETIS
Energy Technology Innovation Strategy
FRD
Financial Reporting Direction
FTE
Full-time Equivalent
GRIIF
Geelong Regional Innovation and Investment Fund
ICT
Information and Communication Technology
IES
International Education Strategy for Victoria 2013-2018
ISP
Investment Support Program
IVP
Innovation Voucher Program
LEET
Low Emission Energy Technologies
LVIER
Latrobe Valley Industry and Employment Roadmap
MNIIF
Melbourne North Innovation and Investment Fund
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MDV
Minerals Development Victoria
MOG
Machinery of Government
MOU
Memorandum of Understanding
MPN
Manufacturing Productivity Networks
MPV
Major Projects Victoria
OH&S
Occupational Health and Safety
OSD
Office of State Development
PBSP
Powerline Bushfire Safety Program
RCT
Remote Control Tourist
RDV
Regional Development Victoria
RGF
Regional Growth Fund
R&D
Research and Development
SME
Small and Medium Enterprises
SMM
Senior Management Meeting
STM
Super Trade Mission
UAE
United Arab Emirates
UK
United Kingdom
USA
United States of America
VEMTC
Victorian Emergency Management Training Centre
VGBO
Victorian Government Business Office
VIPP
Victorian Industry Participation Policy
VIEA
Victorian International Education Awards
VPS
Victorian Public Sector
VWIIB
Victorian Women in International Business
WoVG
Whole-of-Victorian Government
YES
Youth Employment Scheme
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