Marine and Safety Tasmania (MAST) seeks to be widely recognised as a proactive, approachable and knowledgeable organisation that performs the functions required under the Marine and Safety Authority Act 1997. These functions are to:
· ensure the safe operation of vessels;
· provide and manage marine facilities;
· manage environmental issues relating to vessels; and
· perform the functions delegated to the Authority by the Australian Maritime Safety Authority (AMSA).
The responsible Minister is the Minister for Infrastructure, Hon Rene Hidding MP, and the supporting agency is the Department of State Growth.
This chapter provides MAST's financial information for 2017‑18 and over the Forward Estimates period (2018‑19 to 2020‑21). Further information on MAST is provided at www.mast.tas.gov.au.
Table 22.1 provides a summary of the Budget and Forward Estimate allocations for key deliverables within the Authority.
Table 22.1: Key Deliverables Statement
|
|
2017-18) |
2018-19) |
2019-20) |
2020-21 |
|
|
Budget) |
Forward) Estimate) |
Forward) Estimate) |
Forward) Estimate) |
|
|
$'000) |
$'000) |
$'000) |
$'000) |
|
|
|
|
|
|
|
Marine Infrastructure Maintenance |
829 |
831 |
833 |
834 |
|
National Maritime Reform - Transition |
750 |
.... |
.... |
.... |
|
Recreational Boating Fund - Facilities and Services |
1 685 |
1 889 |
1 592 |
1 695 |
|
Woodbridge and Brid River Jetties |
600 |
600 |
.... |
.... |
|
|
|
|
|
|
A comprehensive preventative maintenance program will continue on important marine infrastructure including navigation aids, jetties and breakwaters.
From 1 July 2013, the Marine Safety (Domestic Commercial Vessel) National Law Act 2012 (National Law) created a national safety system for domestic commercial vessels through a single national law for seafarers and commercial vessel owners. The Act replaced eight existing federal, state and territory regulators with one national marine safety regulator, the Australian Maritime Safety Agency (AMSA). MAST will remain responsible for the day‑to‑day administration of the National Law in Tasmania, under delegation from AMSA until AMSA assumes full service delivery on 1 July 2018. Significant internal resources have been diverted to the transition out of service delivery to ensure that MAST achieves the best outcome for commercial operators in Tasmania.
The funding of community projects under the Recreational Boating Fund will continue during 2017‑18 with $1.7 million being made available for the upgrade of recreational boating facilities and continuation of safety initiatives and services. Projects are funded from revenue received from the registration of recreational vessels and licensing of operators. The level of expenditure associated with this initiative reflects the expected timing of expenditure on projects and services for the recreational boating community.
The inner section of the Brid River Jetty will be replaced in 2017-18 at a cost of $500 000. The jetty is used extensively by commercial fisherman and the local boat building industry. The outer section was rebuilt in 2009.
The Woodbridge Jetty will be replaced in 2018-19 at a cost of $700 000. The main users of the jetty are the tourism and education sectors. Commercial fisherman also use the jetty to offload catch and the structure is widely used by the general community.
Table 22.2: Statement of Comprehensive Income
|
|
Budget) |
Budget) |
Forward) Estimate) |
Forward) Estimate) |
Forward) Estimate) |
|
|
$'000) |
$'000) |
$'000) |
$'000) |
$'000) |
|
|
|
|
|
|
|
|
Revenue and other income from transactions |
|
|
|
|
|
|
Grants1 |
1 592) |
1 603) |
1 603) |
1 003) |
1 003) |
|
Sales of goods and services2 |
3 890) |
5 453) |
3 866) |
2 987) |
5 165) |
|
Interest |
67) |
69) |
70) |
71) |
73) |
|
Total revenue and other income from transactions |
5 549) |
7 125) |
5 539) |
4 061) |
6 241) |
|
|
|
|
|
|
|
|
Expenses from transactions |
|
|
|
|
|
|
Employee benefits3 |
2 213) |
1 871) |
1 736) |
1 758) |
1 780) |
|
Depreciation and amortisation |
912) |
1 086) |
1 076) |
1 072) |
1 064) |
|
Supplies and consumables4 |
4 023) |
3 849) |
3 784) |
3 510) |
3 744) |
|
Total expenses from transactions |
7 148) |
6 806) |
6 596) |
6 340) |
6 588) |
|
|
|
|
|
|
|
|
Net result from transactions (net operating balance) |
(1 599) |
319) |
(1 057) |
(2 279) |
(347) |
|
|
|
|
|
|
|
|
Net result |
(1 599) |
319) |
(1 057) |
(2 279) |
(347) |
|
|
|
|
|
|
|
|
(1 599) |
319) |
(1 057) |
(2 279) |
(347) |
|
|
|
|
|
|
|
|
Notes:
1. The increase in Grants in 2017-18 and subsequent decrease in 2019-20 reflects additional grants funding for the Brid River and Woodbridge Jetties. The increase in 2017‑18 is largely offset by the completion of the St Helens Barway Stabilisation Stage 2.
2. The increases in Sales of goods and services in 2017‑18 and 2020‑21 reflect the timing of recreational boating licence renewals which occur every three years.
3. The decrease in Employee benefits in 2017‑18 reflects changes to staffing levels due to the transition out of commercial vessel service delivery.
4. The decrease in Supplies and consumables in 2017‑18 reflects revised estimates based on 30 June 2016 actuals.
Table 22.3: Statement of Financial Position as at 30 June
|
|
2017)
Budget) |
2018)
Budget) |
2019) Forward) Estimate) |
2020) Forward) Estimate) |
2021) Forward) Estimate) |
|
|
$'000) |
$'000) |
$'000) |
$'000) |
$'000) |
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
Financial assets |
|
|
|
|
|
|
Cash and deposits1 |
1 009) |
2 862) |
2 218) |
1 016) |
1 728) |
|
Receivables |
142) |
135) |
102) |
112) |
144) |
|
|
1 151) |
2 997) |
2 320) |
1 128) |
1 872) |
|
Non-financial assets |
|
|
|
|
|
|
Property, plant and equipment2 |
23) |
404) |
310) |
222) |
141) |
|
Infrastructure3 |
24 708) |
27 568) |
27 185) |
26 201) |
25 218) |
|
Other assets |
39) |
37) |
42) |
38) |
40) |
|
|
24 770) |
28 009) |
27 537) |
26 461) |
25 399) |
|
|
|
|
|
|
|
|
Total assets |
25 921) |
31 006) |
29 857) |
27 589) |
27 271) |
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
Payables |
343) |
339) |
355) |
323) |
287) |
|
Employee benefits4 |
755) |
460) |
352) |
395) |
460) |
|
Total liabilities |
1 098) |
799) |
707) |
718) |
747) |
|
|
|
|
|
|
|
|
Net assets (liabilities) |
24 823) |
30 207) |
29 150) |
26 871) |
26 524) |
|
|
|
|
|
|
|
|
Equity |
|
|
|
|
|
|
Reserves |
13 089) |
16 646) |
16 646) |
16 646) |
16 646) |
|
Accumulated funds |
1 795) |
3 622) |
2 565) |
286) |
(61) |
|
Other equity |
9 939) |
9 939) |
9 939) |
9 939) |
9 939) |
|
Total equity |
24 823) |
30 207) |
29 150) |
26 871) |
26 524) |
|
|
|
|
|
|
|
Notes:
1. The increases in Cash and deposits in 2018 and 2021 primarily reflect the receipt of triennial licence renewal income during June 2018 and June 2021. This additional revenue is then applied to projects over the following three years to improve boating infrastructure and safety services.
2. The increase in Property, plant and equipment in 2018 reflects the capitalisation of office fit‑out costs. Costs will be depreciated over the life of the lease.
3. The increase in Infrastructure in 2018 reflects the capitalisation of works undertaken to improve the access to the port of St Helens as well as the re-construction of the Brid River Jetty.
4. The decrease in Employee benefits in 2018 reflects a reduction in FTEs due to the transition out of commercial vessel service delivery.
Table 22.4: Statement of Cash Flows
|
|
2016-17)
Budget) |
2017-18)
Budget) |
2018-19) Forward) Estimate) |
2019-20) Forward) Estimate) |
2020-21) Forward) Estimate) |
|
|
$'000) |
$'000) |
$'000) |
$'000) |
$'000) |
|
|
|
|
|
|
|
|
Cash flows from operating activities |
|
|
|
|
|
|
Cash inflows |
|
|
|
|
|
|
Grants1 |
1 592) |
1 603) |
1 603) |
1 003) |
1 003) |
|
Sales of goods and services2 |
3 890) |
5 453) |
3 866) |
2 987) |
5 165) |
|
GST receipts |
403) |
383) |
326) |
383) |
383) |
|
Interest received |
67) |
69) |
70) |
71) |
73) |
|
Total cash inflows |
5 952) |
7 508) |
5 865) |
4 444) |
6 624) |
|
|
|
|
|
|
|
|
Cash outflows |
|
|
|
|
|
|
Employee benefits3 |
(1 984) |
(1 710) |
(1 582) |
(1 601) |
(1 621) |
|
Superannuation3 |
(194) |
(161) |
(154) |
(157) |
(160) |
|
GST payments |
(391) |
(385) |
(390) |
(385) |
(385) |
|
Supplies and consumables4 |
(4 024) |
(3 849) |
(3 783) |
(3 503) |
(3 746) |
|
Total cash outflows |
(6 593) |
(6 105) |
(5 909) |
(5 646) |
(5 912) |
|
|
|
|
|
|
|
|
Net cash from (used by) operating activities |
(641) |
1 403) |
(44) |
(1 202) |
712) |
|
|
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
|
Payments for acquisition of non-financial assets5 |
(589) |
(600) |
(600) |
....) |
....) |
|
Net cash from (used by) investing activities |
(589) |
(600) |
(600) |
....) |
....) |
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents held |
(1 230) |
803) |
(644) |
(1 202) |
712) |
|
|
|
|
|
|
|
|
Cash and deposits at the beginning of the reporting period |
2 239) |
2 059) |
2 862) |
2 218) |
1 016) |
|
Cash and deposits at the end of the reporting period |
1 009) |
2 862) |
2 218) |
1 016) |
1 728) |
|
|
|
|
|
|
|
Notes:
1. The increase in Grants in 2017-18 and subsequent decrease in 2019-20 reflects additional grants funding for the Brid River and Woodbridge Jetties. The increase in 2017‑18 is largely offset by the completion of the St Helens Barway Stabilisation Stage 2.
2. The increases in Sales of goods and services in 2017‑18 and 2020‑21 reflect the timing of recreational boating licence renewals which occur every three years.
3. The decreases in Employee benefits and Superannuation in 2017‑18 reflect changes to staffing levels due to the transition out of commercial vessel service delivery.
4. The decrease in Supplies and consumables in 2017‑18 reflects revised estimates based on 30 June 2016 actuals.
5. Payments for acquisition of non-financial assets between 2016-17 and 2018-19 relate to the completion of the St Helens Barway Stabilisation project and reconstruction of the Brid River and Woodbridge Jetties.