Marine and Safety Tasmania 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.
The responsible Minister is the Minister for Infrastructure, Hon Jeremy Rockliff MP, and the supporting agency is the Department of State Growth.
This chapter provides MAST’s financial information for 2019‑20 and over the Forward Estimates period (2020‑21 to 2022‑23). Further information on MAST is provided at www.mast.tas.gov.au.
Table 24.1 provides a summary of the Budget and Forward Estimates allocations for key deliverables within the Authority.
|
|
2019-20
Budget |
2020-21 Forward Estimate |
2021-22 Forward Estimate |
2022-23 Forward Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
|
Marine Infrastructure Maintenance |
929 |
929 |
929 |
929 |
|
Recreational Boating Fund ‑ Facilities and Services |
1 400 |
1 500 |
1 700 |
1 400 |
|
Taking Recreational Boating and Fishing to the Next Level |
790 |
1 460 |
1 520 |
.... |
|
|
|
|
|
|
A comprehensive preventative maintenance program will continue on important marine infrastructure including navigation aids, jetties and breakwaters.
The funding of community projects under the Recreational Boating Fund will continue during 2019‑20 with $1.4 million allocated to the upgrade of recreational boating facilities and the continuation of safety initiatives and services. Projects are funded from revenue received from the registration of recreational vessels and licensing of operators.
The 2018‑19 Budget provided funding of $4.8 million over four years for the Government’s initiative Taking Recreational Boating and Fishing to the Next Level. These initiatives continue in the 2019-20 Budget.
Funding of $175 000 over four years from 2018‑19 is continuing to develop a one‑stop shop to promote and support recreational fishing and boating across Tasmania. A new web portal and social media platform will provide recreational fishers with access to all boat registrations; boat operator licences; specialist fishing licences including nets; and rock lobster, abalone and scallop licences. The information is to include links to MAST, weather information, recreational fishing clubs and organisations and will provide up to date advice on local catches, best fishing spots and shark sightings.
In the 2018‑19 Budget the Government allocated $1 million over two years, ceasing in 2021-22, to construct two artificial reef structures in coastal Tasmanian waters. These types of structures are used worldwide to improve catch opportunities. The structures will be located in Bass Strait, off the North West Coast and in Storm Bay, in the south of the State.
The Government is committed to providing land‑based recreational fishing opportunities to all Tasmanians. The 2018‑19 Budget included funding of $700 000 over four years in order to improve access to jetties, as well as an additional provision of $685 000 over three years to replace derelict jetties around the very popular Georges Bay area and to provide safer access and facilities for children, seniors and Tasmanians with a disability.
The Government is providing funding to Tasmania’s Volunteer Marine Rescue Unit to ensure ongoing volunteer response coverage. The 2019‑20 Budget continues the provision of funding of $440 000 over four years to Surf Life Saving Tasmania as the peak body for Volunteer Marine Rescue units. The 2018‑19 Budget included a further $350 000 over four years for vessel replacement and $130 000 to expand the St Helens Volunteer Marine Rescue base.
In this Budget, the Government continues funding for the construction of safety infrastructure to:
· extend the rock breakwater at Coles Bay to provide protection to boat owners in southerly weather;
· finalise arrangements for a breakwater at the Binalong Bay gulch to provide safer launch and retrieval conditions;
· extend the Nubeena Jetty to address access needs for both recreational and commercial vessels; and
· provide upgraded facilities on the Scamander River.
|
|
2018-19 |
2019-20 |
2020-21 |
2021-22 |
2022-23 |
|
|
|
|
Forward |
Forward |
Forward |
|
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
|
|
Revenue and other income from transactions |
|
|
|
|
|
|
Grants1 |
2 613 |
1 793 |
2 463 |
2 523 |
1 003 |
|
Sales of goods and services2 |
4 300 |
3 402 |
5 504 |
4 531 |
3 568 |
|
Interest |
70 |
71 |
72 |
73 |
75 |
|
Total revenue and other income from transactions |
6 983 |
5 266 |
8 039 |
7 127 |
4 646 |
|
|
|
|
|
|
|
|
Expenses from transactions |
|
|
|
|
|
|
Employee benefits |
1 759 |
1 782 |
1 824 |
1 857 |
1 890 |
|
Depreciation and amortisation |
1 104 |
1 189 |
1 151 |
1 192 |
1 100 |
|
Supplies and consumables |
3 897 |
4 211 |
3 835 |
4 092 |
3 754 |
|
Total expenses from transactions |
6 760 |
7 182 |
6 810 |
7 141 |
6 744 |
|
|
|
|
|
|
|
|
Net result from transactions (net operating balance) |
223 |
(1 916) |
1 229 |
(14) |
(2 098) |
|
|
|
|
|
|
|
|
Other economic flows included in net result |
|
|
|
|
|
|
Net gain/(loss) on non‑financial assets3 |
.... |
.... |
(588) |
.... |
.... |
|
Total other economic flows included in net result |
.... |
.... |
(588) |
.... |
.... |
|
|
|
|
|
|
|
|
Net result |
223 |
(1 916) |
641 |
(14) |
(2 098) |
|
|
|
|
|
|
|
|
Comprehensive result |
223 |
(1 916) |
641 |
(14) |
(2 098) |
|
|
|
|
|
|
|
Notes:
1. The variation in Grants across the Budget and Forward Estimates reflects additional grant funding as part of the Government’s commitment, Taking Recreational Boating and Fishing to the Next Level, which was for four years commencing in 2018-19.
2. The variation in Sales of goods and services largely reflects the timing of recreational boating licence renewals, which occur every three years.
3. The net loss on non‑financial assets in 2020‑21 relates to the transfer of the Binalong Breakwater to Break O’Day Council on completion of the construction warranty period.
4.
|
|
2019 |
2020 |
2021 |
2022 |
2023 |
|
|
|
|
Forward |
Forward |
Forward |
|
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
Financial assets |
|
|
|
|
|
|
Cash and deposits1 |
4 602 |
3 072 |
3 879 |
3 535 |
2 535 |
|
Receivables2 |
332 |
45 |
58 |
28 |
50 |
|
|
4 934 |
3 117 |
3 937 |
3 563 |
2 585 |
|
|
|
|
|
|
|
|
Non‑financial assets |
|
|
|
|
|
|
Property, plant and equipment3 |
305 |
580 |
470 |
360 |
331 |
|
Infrastructure4 |
28 123 |
32 425 |
32 331 |
32 773 |
31 696 |
|
Other assets |
68 |
38 |
34 |
45 |
49 |
|
|
28 496 |
33 043 |
32 835 |
33 178 |
32 076 |
|
|
|
|
|
|
|
|
Total assets |
33 430 |
36 160 |
36 772 |
36 741 |
34 661 |
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
Payables5 |
255 |
556 |
518 |
530 |
537 |
|
Employee benefits |
425 |
535 |
544 |
515 |
526 |
|
Total liabilities |
680 |
1 091 |
1 062 |
1 045 |
1 063 |
|
|
|
|
|
|
|
|
Net assets (liabilities) |
32 750 |
35 069 |
35 710 |
35 696 |
33 598 |
|
|
|
|
|
|
|
|
Equity |
|
|
|
|
|
|
Reserves4 |
16 646 |
19 626 |
19 626 |
19 626 |
19 626 |
|
Accumulated funds |
6 165 |
5 504 |
6 145 |
6 131 |
4 033 |
|
Other Equity |
9 939 |
9 939 |
9 939 |
9 939 |
9 939 |
|
Total equity |
32 750 |
35 069 |
35 710 |
35 696 |
33 598 |
|
|
|
|
|
|
|
Notes:
1. The variation in Cash and deposits primarily reflects the impact of the variation in Grant income as well as the receipt of triennial licence renewal income during June 2021.
2. The decrease in Receivables from 2020 is largely due to MAST’s exit from commercial vessel operations, which were transferred to the Australian Government in 2018.
3. The increase in Property, plant and equipment in 2020 is due to the revaluation of MAST assets in 2018‑19 as well as completion of infrastructure projects at Woodbridge, Dunalley, Nubeena and South Arm.
4. The increase in this item from 2020 is due to a revaluation of MAST infrastructure undertaken in 2018‑19.
5. The increase in Payables from 2020 reflects the expected balance payable to trade creditors based on the estimated timing of 2018‑19 Budget project works.
|
|
2018-19 |
2019-20 |
2020-21 |
2021-22 |
2022-23 |
|
|
|
|
Forward |
Forward |
Forward |
|
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
|
|
Cash flows from operating activities |
|
|
|
|
|
|
Cash inflows |
|
|
|
|
|
|
Grants1 |
2 613 |
1 793 |
2 463 |
2 523 |
1 003 |
|
Sales of goods and services2 |
4 300 |
3 402 |
5 504 |
4 531 |
3 568 |
|
GST receipts |
326 |
383 |
326 |
383 |
383 |
|
Interest received |
70 |
71 |
72 |
73 |
75 |
|
Total cash inflows |
7 309 |
5 649 |
8 365 |
7 510 |
5 029 |
|
|
|
|
|
|
|
|
Cash outflows |
|
|
|
|
|
|
Employee benefits |
(1 600) |
(1 629) |
(1 658) |
(1 688) |
(1 719) |
|
Superannuation |
(160) |
(153) |
(166) |
(169) |
(171) |
|
GST payments |
(390) |
(385) |
(390) |
(385) |
(385) |
|
Supplies and consumables |
(4 016) |
(4 211) |
(3 884) |
(4 092) |
(3 754) |
|
Total cash outflows |
(6 166) |
(6 378) |
(6 098) |
(6 334) |
(6 029) |
|
|
|
|
|
|
|
|
Net cash from (used by) operating activities |
1 143 |
(729) |
2 267 |
1 176 |
(1 000) |
|
|
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
|
Payments for acquisition of non‑financial assets3 |
(1 710) |
(790) |
(1 460) |
(1 520) |
.... |
|
Net cash from (used by) investing activities |
(1 710) |
(790) |
(1 460) |
(1 520) |
.... |
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents held |
(567) |
(1 519) |
807 |
(344) |
(1 000) |
|
|
|
|
|
|
|
|
Cash and deposits at the beginning of the reporting period |
5 169 |
4 591 |
3 072 |
3 879 |
3 535 |
|
Cash and deposits at the end of the reporting period |
4 602 |
3 072 |
3 879 |
3 535 |
2 535 |
|
|
|
|
|
|
|
Notes:
1. The variation in Grants across the Budget and Forward Estimates reflects additional grant funding as part of the Government’s commitment, Taking Recreational Boating and Fishing to the Next Level, which was for four years commencing in 2018-19.
2. The variation in Sales of goods and services largely reflects the timing of recreational boating licence renewals, which occur every three years.
3. The variation in Payments for acquisition of non‑financial assets reflects the Government’s policy, Taking Recreational Boating and Fishing to the Next Level.