The Department of Treasury and Finance is responsible to the Treasurer, Hon Peter Gutwein MP and to the Minister for Finance, Hon Michael Ferguson MP.
Treasury has responsibility for implementing strategies to achieve the Government’s economic and fiscal objectives. It provides the Government with objective advice on the economic and financial management of the State, implements Government policy and performs financial analysis, monitoring and reporting functions on behalf of the Government.
Treasury undertakes various activities associated with State economic and financial management, including:
· monitoring and analysing trends in economic conditions and forecasting economic parameters for Tasmania;
· preparing and monitoring the State Budget, managing the Public Account and providing advice on financial and resource management in the public sector taking into account the Government’s strategies and priorities;
· monitoring and providing advice on the performance and management of government businesses;
· managing the Government’s office accommodation portfolio, managing insurable risks of agencies, managing property sales and whole‑of‑government procurement;
· providing policy advice on regulatory and financial issues, intergovernmental financial relations and State taxation issues and State taxation collection on behalf of the Commissioner of State Revenue; and
· supporting the Tasmanian Economic Regulator, the State Grants Commission, the Tasmanian Liquor and Gaming Commission, the Commissioner for Licensing, the Commissioner of State Revenue and the Superannuation Commission to carry out their statutory, regulatory and integrity functions.
This chapter provides the Department’s financial information for 2020‑21 and over the Forward Estimates (2021‑22 to 2023‑24). Further information on the Department is provided at www.treasury.tas.gov.au.
Table 12.1 provides a summary of the Budget and Forward Estimates allocations for key deliverables being undertaken by the Department.
In addition to the important key deliverables identified in the below table, the agency is also taking action to support the implementation of the important recommendations included in the Premier’s Economic and Social Recovery Advisory Council’s Interim Report which have been endorsed by the Government. Where specific additional funding is not required, recommendations are being implemented within existing agency resources.
|
2020‑21
Budget |
2021‑22 Forward Estimate |
2022‑23 Forward Estimate |
2023‑24 Forward Estimate |
|
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
COVID‑19 Response and Recovery Measures |
|
|
|
|
Cascades Female Factory1 |
3 000 |
.... |
.... |
.... |
COVID‑19 Provision1 |
145 000 |
.... |
.... |
.... |
HomeBuilder Grant1 |
10 000 |
10 000 |
.... |
.... |
Local Government $200 million Interest Free Loans1 |
3 400 |
6 000 |
.... |
.... |
PAHSMA Funding1 |
8 000 |
6 000 |
4 000 |
2 000 |
Payroll Tax Rebate for Trainees, Apprentices and Youth Employees1 |
1 614 |
4 241 |
4 036 |
1 401 |
Public Building Maintenance Program1 |
50 597 |
9 450 |
.... |
.... |
Public Building Maintenance Program (Treasury) |
1 785 |
300 |
.... |
.... |
|
|
|
|
|
Other Key Deliverables |
|
|
|
|
Bushfire Cost Provision1 |
9 760 |
9 760 |
9 760 |
9 760 |
First Home Owners Grant Extension1 |
2 400 |
9 700 |
7 300 |
.... |
Future Gaming Market Implementation |
604 |
503 |
519 |
535 |
North West Racing Infrastructure1 |
2 000 |
6 000 |
.... |
.... |
PARS/PACMS Replacement1 |
802 |
1 698 |
.... |
.... |
Premier’s Economic and Social Recovery Advisory Council |
.... |
.... |
.... |
.... |
|
|
|
|
|
Note:
1. These Key Deliverables will be funded through Finance‑General.
The Government committed $3 million in 2020‑21 to the Port Arthur Historic Site Management Authority for the new Visitor and Interpretation Centre at the UNESCO World‑Heritage listed Cascades Female Factory. The Australian Government has also committed $2 million in funding for the project.
Funding of $145 million, in 2020‑21, has been provided to establish an unallocated funding provision to meet currently unforeseen or uncertain COVID‑19 related costs. This provision replaces that provided for within the Supply Act (No 1) 2020. Known COVID‑19 related costs in 2020‑21 will be directly appropriated to relevant agencies through the 2020 Appropriation Acts.
Many aspects of the future impact of the COVID‑19 pandemic remain uncertain at the time of the finalisation of the 2020‑21 Budget. This includes the direct impact on the community of the spread of the virus, the impact on the economy, the level of demand for existing Government programs and commitments and the need for new economic and social measures that were not able to be accurately forecast or known at the time. The early establishment of the central provisions, in 2019‑20 and in 2020‑21, were important factors in enabling the Government to act quickly and appropriately to support the Tasmanian community. Given this ongoing high level of uncertainty and the success of this approach, it is considered important that a further provision be established in 2020‑21 to provide the capacity for similar support to be provided.
The funding allocated to the provision will be available to support currently uncertain costs in relation to the outcomes of the work of the Premier’s Economic and Social Recovery Advisory Council. Furthermore, following the finalisation of 2020-21 Budget information, the Government will continue to make decisions in relation to the implementation of measures to address the impact of the COVID-19 pandemic. Information in relation to new decisions will be provided in other announcements and in the 2020-21 Budget Speech. Where required, additional costs associated with these new measures will be funded from the COVID-19 Provision.
On 4 June 2020, the Government announced the Tasmanian HomeBuilder Grant of $20 000. The grant is expected to stimulate residential building activity and maintain employment in the construction industry as Tasmania recovers from the COVID‑19 pandemic.
The Local Government Loans Program provides funding assistance of $9.4 million to Local Government through an interest rebate on borrowings that have been used to fund the upgrade, maintenance or improvement of local government infrastructure. The Program can also cover the cost of measures taken by councils as a response to, or as a result of, the impacts of COVID‑19.
Given the significant impact of the COVID‑19 pandemic on the Port Arthur Historic Site Management Authority, the Government has committed additional funding to ensure PAHSMA will have access to sufficient funding during its recovery. A total of $8 million in equity will be contributed in 2020‑21 to allow PAHSMA to repay existing and COVID‑19 related debt, with further funding to be allocated over the Forward Estimates.
In accordance with the Government’s commitment to implement the recommendations from the Premier’s Economic and Social Recovery Advisory Council Interim Report, the Government will extend the payroll tax rebate scheme as it relates to new youth employees for 18 months from 31 December 2020 to 30 June 2022; extend the payroll tax rebate scheme as it relates to apprentices and trainees employed in specific industries for 12 months from 30 June 2021 to 30 June 2022; and expand the payroll tax rebate scheme as it relates to apprentices and trainees to all industries from 1 January 2021 to 30 June 2022.
Funding of $60 million over two years from 2020‑21 has been provided in this Budget under the Public Building Maintenance Program (the total value of this Program is $70 million, with $10 million previously allocated in 2019‑20).
Projects to be delivered as part of the Program are across a range of service delivery areas around the State, including refurbishment and renovation of classrooms and school grounds; upgrades to hospitals, health centres and ambulance stations; heritage works on several of Tasmania’s historic public assets; maintenance to walking huts, bathrooms, and other public amenities in Tasmania’s national parks and reserves; and repairs to a number of jetties. Further detail on specific agency funding allocations from the Program is provided in agency chapters in Government Services Budget Paper No 2.
Funding of $2.1 million was allocated to Treasury, across 2020‑21 to 2021‑22, from the Government’s Public Building Maintenance Program, to enable maintenance works to be undertaken on the Treasury Building Complex at 21 Murray Street, Hobart; 21 Kirksway Place, Hobart; and the Launceston Public Offices Building at 53 St John Street. Work includes stone work repairs, roof stiffening, bathroom upgrades, repainting and carpet replacement and building services upgrades.
The 2020‑21 Budget reflects additional funding of $9.8 million per annum to support the central provision for bushfire emergency costs. This additional funding brings the total provision to $10 million annually. As has been the case in the past, additional funding to meet bushfire‑related costs will be considered on a year by year basis depending upon funding requirements.
The Government has extended the First Home Owners Grant of $20 000 until 30 June 2022, which is expected to support ongoing demand for newly constructed homes by first home buyers.
Under the Government’s Future Gaming policy, the Deed between the State and the Federal Group to conduct casino operations, operate electronic gaming machines and conduct games of Keno in Tasmania will end on 30 June 2023. Post June 2023, the Government policy is for electronic gaming machines in hotels and clubs to be operated under an individual venue licensing model.
Treasury is responsible for:
· providing advice to Government in relation to the implementation of its policy, including issues relating to casino licence negotiations and individual venue licensing models; and
· completing required legislative amendments to the Gaming Control Act 1993 to provide for the policy position.
The 2020‑21 Budget reflects a State equity contribution of $8 million over two years to Tasracing Pty Ltd for racing infrastructure in the North West of the State.
Following the replacement of Treasury’s Budget Management and Financial Reporting System’s Budget Management System Module with the new Budget Information Management System, a new project is being undertaken to replace the remaining two modules of BMFRS, which are the Public Account Reporting System and the Public Account Cash Management System. Both systems, in their current form, are not sustainable, given the ageing technology base of the systems. The Project will deliver contemporary systems that are capable of supporting the reporting and cash management functions of Government. As part of this Project, a preliminary assessment of solution options and market offerings has been undertaken, and business requirements are being documented. The next phases of the Project will include the procurement of a suitable option, configuration, testing and implementation of the replacement systems. The Project is scheduled for completion in 2021‑22.
Treasury is responsible for supporting the operation of the Premier’s Economic and Social Recovery Advisory Council. The Secretariat operates under an interoperability model, and comprises staff from the Departments of Treasury and Finance, Premier and Cabinet, State Growth, and Primary Industries, Parks, Water and Environment. PESRAC’s focus for 2020‑21 is on developing recommendations for Government to support Tasmania’s longer‑term recovery from the COVID‑19 pandemic.
Outputs of the Department of Treasury and Finance are provided under the following Output Groups:
· Output Group 1 ‑ Financial and Resource Management Services;
· Output Group 2 ‑ Economic and Fiscal Policy Advice;
· Output Group 3 ‑ Revenue, Superannuation and Regulatory Management Services;
· Output Group 4 ‑ Community Assistance; and
· Output Group 89 ‑ Public Building Maintenance Program.
Table 12.2 provides an Output Group Expense Summary for the Department.
To enable the presentation of this important information, new Output Groups have been established. Output Group 89 ‑ Public Building Maintenance Program, reflects expenditure under the Government’s Public Building Maintenance Program. Further information in relation to this Output is provided in the Key Deliverables section of this chapter.
|
2019‑20 |
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
|
|
|
Forward |
Forward |
Forward |
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
Treasurer |
|
|
|
|
|
|
|
|
|
|
|
Output Group 1 ‑ Financial and Resource Management Services |
|
|
|
|
|
1.1 Budget Development and Management |
3 177 |
3 480 |
3 434 |
3 542 |
3 604 |
1.2 Financial Management and Accounting Services |
3 445 |
3 706 |
3 788 |
3 910 |
3 978 |
1.3 Shareholder Advice on Government Businesses |
2 986 |
2 665 |
2 863 |
2 953 |
3 000 |
|
9 608 |
9 851 |
10 085 |
10 405 |
10 582 |
Output Group 2 ‑ Economic and Fiscal Policy Advice |
|
|
|
|
|
2.1 Economic Policy Advice |
2 108 |
2 277 |
2 321 |
2 385 |
2 422 |
2.3 Intergovernmental Financial Matters |
2 828 |
2 438 |
2 475 |
2 549 |
2 574 |
|
4 936 |
4 715 |
4 796 |
4 934 |
4 996 |
Output Group 3 ‑ Revenue, Superannuation and Regulatory Management Services |
|
|
|
|
|
3.5 Administration of Grants, Subsidies and Concessions |
1 607 |
1 879 |
1 894 |
1 955 |
1 989 |
|
1 607 |
1 879 |
1 894 |
1 955 |
1 989 |
Output Group 4 ‑ Community Assistance |
|
|
|
|
|
4.1 Public Trustee Community Service Obligation |
2 115 |
2 163 |
2 210 |
2 259 |
2 309 |
4.2 Community Support Levy |
4 324 |
3 296 |
3 431 |
3 991 |
3 945 |
|
6 439 |
5 459 |
5 641 |
6 250 |
6 254 |
|
|
|
|
|
|
Minister for Finance |
|
|
|
|
|
|
|
|
|
|
|
Output Group 1 ‑ Financial and Resource Management Services |
|
|
|
|
|
1.4 Government Property and Accommodation Services |
1 911 |
2 342 |
2 227 |
2 106 |
2 136 |
1.5 Government Procurement Services |
2 805 |
3 089 |
3 239 |
3 333 |
3 414 |
|
4 716 |
5 431 |
5 466 |
5 439 |
5 550 |
Output Group 2 ‑ Economic and Fiscal Policy Advice |
|
|
|
|
|
2.2 Regulatory Policy |
3 927 |
4 125 |
4 080 |
4 212 |
4 280 |
|
3 927 |
4 125 |
4 080 |
4 212 |
4 280 |
Output Group 3 ‑ Revenue, Superannuation and Regulatory Management Services |
|
|
|
|
|
3.1 Tax Administration and Revenue Collection |
7 546 |
7 581 |
7 618 |
7 854 |
7 956 |
3.2 Regulation and Administration of Liquor and Gaming |
4 854 |
5 084 |
5 148 |
5 296 |
5 374 |
3.3 Economic Regulation |
2 083 |
2 241 |
2 255 |
1 613 |
1 702 |
3.4 Office of the Superannuation Commission |
14 194 |
14 527 |
14 614 |
14 759 |
14 839 |
|
28 677 |
29 433 |
29 635 |
29 522 |
29 871 |
|
2019‑20 |
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
|
|
|
Forward |
Forward |
Forward |
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
Output Group 89 ‑ Public Building Maintenance Program |
|
|
|
|
|
89.1 Public Building Maintenance Program |
.... |
1 785 |
300 |
.... |
.... |
|
.... |
1 785 |
300 |
.... |
.... |
|
|
|
|
|
|
TOTAL |
59 910 |
62 678 |
61 897 |
62 717 |
63 522 |
|
|
|
|
|
|
This Output includes management of the State Budget process, the provision of advice on budgetary issues and monitoring of the State’s financial performance against the Government’s Fiscal Strategy.
This Output includes whole‑of‑government financial management activities and the provision of advice on financial management and reform, consistent with the Government’s strategies and priorities. It supports a range of services relating to the management of financial assets and liabilities, associated risk mitigation strategies and the preparation of whole‑of‑government financial and statistical reports.
This Output includes monitoring and provision of advice on government businesses. It supports the provision of advice on reforms and policies relating to the Government’s ownership of businesses. Submissions and presentations to the credit rating agencies are included in this Output.
This Output covers the administration of, and provision of advice in relation to, Government property and office accommodation services, including the management of government‑owned and leased office buildings and the disposal of surplus Crown property.
This Output includes the provision of advice in relation to Government procurement activities and the administration of whole‑of‑government contracts and the Tasmanian Risk Management Fund.
Performance Measure |
Unit of Measure |
2017‑18 Actual |
2018‑19 Actual |
2019‑20 Actual |
2020‑21 Target |
|
|
|
|
|
|
Financial and Resource Services |
|
|
|
|
|
Stakeholder satisfaction rating1 |
% |
85 |
na |
na |
>90 |
Proportion of financial reports receiving an unqualified audit opinion2 |
% |
100 |
100 |
100 |
100 |
Treasury‑managed property vacancy rate3 |
% |
1.4 |
0.7 |
na |
<1.5 |
State Service workers’ compensation contributions as a percentage of the average premium charged by private insurers4 |
% |
91 |
95 |
104 |
<90 |
Proportion of financial reports published by the required date5 |
% |
100 |
100 |
100 |
100 |
Variance between Budget estimate and actual GBE/SOC returns6 |
% |
8.2 |
5.4 |
2.9 |
<5.0 |
|
|
|
|
|
|
Notes:
1. The satisfaction rating of the quality of Treasury’s services is obtained from the results of Treasury's Stakeholder Survey, which is completed approximately every two years. Treasury’s Stakeholder Survey was most recently completed in August 2018 for 2017‑18.
2. An unqualified audit opinion from the Auditor‑General indicates that the financial reports are a true and accurate reflection of the Government’s finances.
3. The vacancy rate is the proportion of all owned and leased office space managed by Treasury that is currently vacant and available for occupation. The introduction of the Financial Management Act 2016 and AASB 16 Leases has had a significant impact on the size of the portfolio managed by Treasury with the transfer of leases from agencies. Tenant occupation and vacancy information is currently being sought from agencies and collated for 2019‑20.
4. The Tasmanian Risk Management Fund includes a self‑insurance scheme for the workers’ compensation liabilities of participating agencies. An indication of the Government’s management of workers’ compensation claims can be obtained by comparing the workers’ compensation contributions paid by agencies to the Fund with the workers’ compensation premiums charged by private insurers. The measure is calculated by comparing average agency workers’ compensation contributions, as a proportion of salaries, with the average premium rate of private insurers. Given the significant range of factors impacting on both agency and private insurance premiums, it can be subject to fluctuation from year to year. The Fund’s performance against the indicator in 2019‑20 has worsened, primarily due to an increase in the Fund’s contribution rate. This increase may partly reflect changes to the Workers Rehabilitation and Compensation Act 1988 that apply to the public sector only.
5. The whole‑of‑government financial reports published in 2019‑20 were the Preliminary Outcomes Report 2018‑19, Treasurer's Annual Financial Report 2018‑19, September Quarterly Report 2019‑20, December Quarterly Report 2019‑20 and the March Quarterly Report 2019‑20.
6. Returns from government businesses and state‑owned companies comprise dividends, income tax equivalent payments, rate equivalent payments and guarantee fees.
This Output relates to the provision of advice on international, national and Tasmanian economic conditions and developments and forecasting economic trends in the Tasmanian economy. It also includes the provision of advice on energy policy and other economic and reform issues, including inter‑jurisdictional and national economic policy initiatives.
This Output includes the provision of advice relating to the regulation and taxation of gambling activities and regulation of the sale, supply, promotion and consumption of liquor, State revenue policy, subordinate legislation and the legislative review program.
This Output relates to the provision of advice on all intergovernmental financial matters, including support to the State Grants Commission.
Performance Measure |
Unit of Measure |
2017‑18 Actual |
2018‑19 Actual |
2019‑20 Actual |
2020‑21 Target |
|
|
|
|
|
|
Economic and Fiscal Policy Advice |
|
|
|
|
|
Stakeholder satisfaction rating1 |
% |
92 |
na |
na |
>90 |
Variance between Budget estimate and actual taxation receipts2 |
% |
2.8 |
(1.3) |
3.7 |
<5.0 |
Variance between Budget estimate and actual Australian Government payments3 |
% |
3.5 |
2.6 |
‑2.2 |
<5.0 |
Variance between Budget forecast and ABS estimate of Gross State Product growth4 |
% pts |
1.0 |
1.4 |
na |
<1.0 |
Variance between Budget forecast and ABS estimate of employment growth4 |
% pts |
1.8 |
0.4 |
0.5 |
<1.0 |
|
|
|
|
|
|
Notes:
1. The satisfaction rating of the quality of Treasury’s services is obtained from the results of Treasury's Stakeholder Survey, which is completed approximately every two years. Treasury’s Stakeholder Survey was most recently completed in August 2018 for 2017‑18.
2. The accuracy of Treasury’s taxation receipts forecasts is determined by comparing the State Budget estimate with the actual end of year outcome. The 2019‑20 figure is based on the Preliminary Outcomes Report 2019‑20 rather than the final audited outcome. The 2018‑19 figure has been updated to reflect the audited outcome from the latest Treasurer’s Annual Financial Report.
3. The accuracy of Treasury’s Australian Government payments forecasts can be determined by comparing the State Budget estimate with the actual end of year outcome. The 2019‑20 figure is based on the Preliminary Outcomes Report 2019‑20 rather than the final audited outcome. The 2018‑19 figure has been updated to reflect the audited outcome from the latest Treasurer’s Annual Financial Report.
4. The
accuracy of Treasury’s Gross State Product and employment growth forecast for
the financial years prior to 2019‑20 are determined by comparing the
relevant Budget forecast with the most recent estimates of growth for the
financial year published by the Australian Bureau of Statistics. Each November,
the ABS revises its estimates of growth for past financial years.
This Output comprises the administration of taxation legislation and the collection of State taxation, including monitoring the compliance of taxpayers with State revenue legislation.
This Output provides for the regulation and control of liquor licensing, casino gaming, gaming machines, keno, totalizators, online gaming and minor gaming. It includes the provision of support to the Commissioner for Licensing in discharging the Commissioner’s statutory functions under the Liquor Licensing Act 1990 and the Tasmanian Liquor and Gaming Commission in the discharge of its statutory functions under the Liquor Licensing and Gaming Control Acts.
This Output comprises provision of support to the Tasmanian Economic Regulator in the exercise of its statutory functions, which includes the regulation of some activities within the State’s electricity and gas supply industries, economic regulation of the State’s water and sewerage industry, undertaking pricing investigations, pricing inquiries at the request of the Government and competitive neutrality investigations.
This Output comprises provision of support to the Superannuation Commission in undertaking statutory functions under the Public Sector Superannuation Reform Act 2016; the Public Sector Superannuation Reform Regulations 2017; and the Public Sector Superannuation Reform (Parliamentary Superannuation) Regulations 2016.
This Output includes the administration of unclaimed monies and various grants, subsidies and concessions to the Tasmanian community. The Government is committed to providing assistance to the Tasmanian community, which includes, but is not limited to, home builder assistance, local government rates remission, electricity concessions, and tax rebates and exemptions.
Performance Measure |
Unit of Measure |
2017‑18 Actual |
2018‑19 Actual |
2019‑20 Actual |
2020‑21 Target |
|
|
|
|
|
|
Revenue, Superannuation and Regulatory Management Services |
|
|
|
|
|
Stakeholder satisfaction rating1 |
% |
88 |
na |
na |
>90 |
Total overdue taxation debt as a percentage of total taxation revenue2 |
% |
1.1 |
1.1 |
1.2 |
<0.8 |
Percentage of formal recommendations accepted by the Tasmanian Liquor and Gaming Commission3 |
% |
98 |
98 |
98 |
>80 |
Percentage of objections in which the Commissioner of State Revenue’s assessment or decision was confirmed4 |
% |
68 |
66 |
67 |
>80 |
Revenue Branch operating expenses as a percentage of taxation revenue5 |
% |
0.8 |
0.7 |
0.7 |
<1.5 |
Percentage of liquor applications submitted to the Commissioner for Licensing within 40 days of advertising6 |
% |
91 |
92 |
91 |
>95 |
Number of member complaints received by the Superannuation Commission7 |
Number |
50 |
53 |
38 |
<50 |
|
|
|
|
|
|
Notes:
1. The satisfaction rating of the quality of Treasury’s services is obtained from the results of Treasury's Stakeholder Survey, which is completed approximately every two years. Treasury’s Stakeholder Survey was most recently completed in August 2018 for 2017‑18.
2. The State Revenue Office seeks to ensure that taxpayers are well informed of their obligations and that tax debt stress and overdue taxation debts are minimised. Accordingly, the target is for overdue taxation debt to be a very small percentage of total taxation revenue. The proportions of debt in recent years have been influenced by better identification of overdue debt through systems improvements and a more streamlined and consistent process for moving unpaid amounts through to a debtor management process.
3. While recognising that the Tasmanian Liquor and Gaming Commission is an independent statutory body, a measure of the quality of the services provided is the proportion of all formal recommendations contained in decision papers that are accepted by the Commission.
4. Objections may be lodged against assessments issued to taxpayers or decisions of the Commissioner, Deputy Commissioner or a delegate of the Commissioner. Treasury seeks to ensure that the original assessments and decisions are accurate.
5. An indication of the efficiency of the revenue management services provided by Treasury can be gained by comparing total taxation revenue collected with the operating costs required to administer and collect that revenue.
6. Treasury assisted the Commissioner for Licensing by receiving applications for licences, undertaking investigations and providing information to the Commissioner to assist in the determination of whether a licence applicant is qualified in accordance with the requirements of the Liquor Licensing Act.
7. The Superannuation Commission has a structured and formal complaint mechanism, for which there is no charge to members (details are available at www.rbf.com.au). External disputes of handling of complaints are addressed by the Tasmanian Ombudsman.
This Output comprises the payment of the Community Service Obligation to the Public Trustee relating to the provision of trustee services to clients with low asset values.
This Output comprises the collection and disbursement of funds from the Community Support Levy.
Table 12.6 provides financial information for the Department’s Capital Investment Program. More information on the Capital Investment Program is provided in chapter 6 of The Budget Budget Paper No 1.
|
Estimated |
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
|
Total |
|
Forward |
Forward |
Forward |
|
Cost |
Budget |
Estimate |
Estimate |
Estimate |
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
Treasurer |
|
|
|
|
|
Budget Information Management System Project |
7 517 |
425 |
.... |
.... |
.... |
|
|
|
|
|
|
Total CIP Allocations |
|
425 |
.... |
.... |
.... |
|
|
|
|
|
|
The Budget Information Management System supports the data collection, reporting, and management of the State Budget. BIMS provides a critical information base to analyse and present budget data to support Government decisions. The system has allowed the Department to adapt to a changing fiscal environment, meet additional reporting requirements and streamline business processes. In 2020‑21, the focus will include the ongoing development of the System including improving the main user interface, analytical capabilities and reporting outputs.
|
2019‑20 |
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
|
|
|
Forward |
Forward |
Forward |
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
Revenue and other income |
|
|
|
|
|
Appropriation revenue ‑ operating |
48 531 |
49 646 |
51 121 |
52 015 |
52 883 |
Appropriation revenue ‑ capital1 |
1 302 |
.... |
.... |
.... |
.... |
Other revenue from government2 |
.... |
1 275 |
.... |
.... |
.... |
Grants3 |
.... |
2 602 |
1 998 |
.... |
.... |
Fees and fines4 |
8 659 |
7 010 |
7 895 |
7 714 |
7 726 |
Other revenue5 |
1 408 |
1 537 |
1 160 |
1 178 |
1 195 |
Total revenue |
59 900 |
62 070 |
62 174 |
60 907 |
61 804 |
Total income |
59 900 |
62 070 |
62 174 |
60 907 |
61 804 |
|
|
|
|
|
|
Expenses |
|
|
|
|
|
Employee benefits |
35 469 |
37 356 |
38 285 |
38 788 |
39 608 |
Depreciation and amortisation |
1 401 |
1 092 |
1 250 |
1 427 |
1 345 |
Supplies and consumables6 |
9 364 |
11 572 |
9 277 |
9 004 |
9 108 |
Grants and subsidies |
5 831 |
4 652 |
5 478 |
5 887 |
5 841 |
Other expenses |
7 845 |
8 006 |
7 607 |
7 611 |
7 620 |
Total expenses |
59 910 |
62 678 |
61 897 |
62 717 |
63 522 |
|
|
|
|
|
|
Net result |
(10) |
(608) |
277 |
(1 810) |
(1 718) |
|
|
|
|
|
|
Comprehensive result |
(10) |
(608) |
277 |
(1 810) |
(1 718) |
|
|
|
|
|
|
Notes:
1. The decrease in Appropriation revenue ‑ capital reflects the finalisation of the BIMS Project.
2. The increase in Other revenue from government in 2020‑21 reflects the rollover of unexpended appropriation from 2019‑20 approved in accordance with the Financial Management Act 2016.
3. The increase in Grants in 2020‑21 and 2021‑22 reflects additional funding from the Government’s Digital Transformation Priority Expenditure Program for the PARS/PACMS Replacement Project and the Public Building Maintenance Program for maintenance works.
4. The decrease in Fees and fines in 2020‑21 is due to the impact of the COVID‑19 pandemic on gaming fees collected.
5. The decrease in Other revenue from 2021‑22 reflects the Tasmanian Economic Regulator no longer collecting Director of Gas Safety recoveries from licensed Tasmanian Gas licence holders on behalf of the Department of Justice.
6. The increase in Supplies and consumables in 2020‑21 and 2021‑22 is due to additional maintenance work expenditure funded through the Government’s Public Building Maintenance Program.
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
|
Note:
1. The decrease in Fees and fines and Transfers to the Public Account in 2020‑21 reflect the impact of the COVID‑19 pandemic and the associated COVID‑19 Response and Recovery Measures waiving most liquor licencing fees for 2020.
|
2019‑20 |
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
|
|
|
Forward |
Forward |
Forward |
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
Treasurer |
|
|
|
|
|
|
|
|
|
|
|
Output Group 1 ‑ Financial and Resource Management Services |
|
|
|
|
|
1.1 Budget Development and Management |
2 938 |
3 248 |
3 178 |
3 267 |
3 341 |
1.2 Financial Management and Accounting Services |
3 182 |
3 485 |
3 547 |
3 651 |
3 737 |
1.3 Shareholder Advice on Government Businesses |
2 862 |
2 547 |
2 733 |
2 807 |
2 870 |
|
8 982 |
9 280 |
9 458 |
9 725 |
9 948 |
Output Group 2 ‑ Economic and Fiscal Policy Advice |
|
|
|
|
|
2.1 Economic Policy Advice |
2 013 |
2 180 |
2 214 |
2 269 |
2 315 |
2.3 Intergovernmental Financial Matters |
2 722 |
2 310 |
2 337 |
2 391 |
2 426 |
|
4 735 |
4 490 |
4 551 |
4 660 |
4 741 |
Output Group 3 ‑ Revenue, Superannuation and Regulatory Management Services |
|
|
|
|
|
3.5 Administration of Grants, Subsidies and Concessions |
1 547 |
1 804 |
1 812 |
1 864 |
1 901 |
|
1 547 |
1 804 |
1 812 |
1 864 |
1 901 |
Output Group 4 ‑ Community Assistance |
|
|
|
|
|
4.1 Public Trustee Community Service Obligation |
2 115 |
2 163 |
2 210 |
2 259 |
2 309 |
|
2 115 |
2 163 |
2 210 |
2 259 |
2 309 |
|
|
|
|
|
|
Capital Investment Program |
1 302 |
.... |
.... |
.... |
.... |
|
|
|
|
|
|
Operating Services Expenditure |
17 379 |
17 737 |
18 031 |
18 508 |
18 899 |
Capital Services Expenditure1 |
1 302 |
.... |
.... |
.... |
.... |
|
18 681 |
17 737 |
18 031 |
18 508 |
18 899 |
|
|
|
|
|
|
Minister for Finance |
|
|
|
|
|
|
|
|
|
|
|
Output Group 1 ‑ Financial and Resource Management Services |
|
|
|
|
|
1.4 Government Property and Accommodation Services |
1 694 |
1 923 |
2 081 |
1 954 |
1 990 |
1.5 Government Procurement Services2 |
.... |
300 |
600 |
600 |
600 |
|
1 694 |
2 223 |
2 681 |
2 554 |
2 590 |
Output Group 2 ‑ Economic and Fiscal Policy Advice |
|
|
|
|
|
2.2 Regulatory Policy |
3 771 |
3 243 |
3 803 |
3 906 |
3 988 |
|
3 771 |
3 243 |
3 803 |
3 906 |
3 988 |
|
2019‑20 |
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
|
|
|
Forward |
Forward |
Forward |
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
Output Group 3 ‑ Revenue, Superannuation and Regulatory Management Services |
|
|
|
|
|
3.1 Tax Administration and Revenue Collection |
7 280 |
7 333 |
7 340 |
7 533 |
7 681 |
3.2 Regulation and Administration of Liquor and Gaming |
4 350 |
4 726 |
4 796 |
4 923 |
5 027 |
3.4 Office of the Superannuation Commission |
14 057 |
14 384 |
14 470 |
14 591 |
14 698 |
|
25 687 |
26 443 |
26 606 |
27 047 |
27 406 |
|
|
|
|
|
|
Operating Services Expenditure |
31 152 |
31 909 |
33 090 |
33 507 |
33 984 |
|
31 152 |
31 909 |
33 090 |
33 507 |
33 984 |
|
|
|
|
|
|
Department of Treasury and Finance |
|
|
|
|
|
Total Operating Services Expenditure |
48 531 |
49 646 |
51 121 |
52 015 |
52 883 |
Total Capital Services Expenditure1 |
1 302 |
.... |
.... |
.... |
.... |
|
49 833 |
49 646 |
51 121 |
52 015 |
52 883 |
|
|
|
|
|
|
Appropriation Rollover |
.... |
1 275 |
.... |
.... |
.... |
|
|
|
|
|
|
Total Revenue from Appropriation |
49 833 |
50 921 |
51 121 |
52 015 |
52 883 |
|
|
|
|
|
|
Controlled Revenue from Appropriation |
49 833 |
50 921 |
51 121 |
52 015 |
52 883 |
|
49 833 |
50 921 |
51 121 |
52 015 |
52 883 |
|
|
|
|
|
|
Notes:
1. The decrease in Total Capital Services Expenditure reflects the cessation of appropriation funding for the BIMS Project.
2. The increase in Government Procurement Services represents funding to replace contract management fees in relation to whole‑of‑government common use ICT contracts which will cease from 1 January 2021.
|
2019‑20 |
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
|
|
|
Forward |
Forward |
Forward |
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
Revenue Collected on Behalf of the Public Account |
|
|
|
|
|
Other Regulatory Fees1 |
1 582 |
1 310 |
1 654 |
1 693 |
1 732 |
|
1 582 |
1 310 |
1 654 |
1 693 |
1 732 |
|
|
|
|
|
|
Total Administered Revenue |
1 582 |
1 310 |
1 654 |
1 693 |
1 732 |
|
|
|
|
|
|
Note:
1. The decrease in Other Regulatory Fees in 2020‑21 is due to the impact of the COVID‑19 pandemic and the associated COVID‑19 Response and Recovery Measures waiving most liquor licencing fees for 2020.
|
2019‑20 |
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
|
|||||
|
|
|
Forward |
Forward |
Forward |
|
|||||
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
|||||
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
||||||
|
|
|
|
|
|
||||||
Transfer to the Public Account1 |
1 582 |
1 310 |
1 654 |
1 693 |
1 732 |
||||||
|
|
|
|
|
|
||||||
Total Administered Expenses |
1 582 |
1 310 |
1 654 |
1 693 |
1 732 |
||||||
|
|
|
|
|
|
||||||
Note:
1. The decrease in Transfer to the Public Account in 2020‑21 is due to the impact of the COVID‑19 pandemic and the associated COVID‑19 Response and Recovery Measures waiving most liquor licencing fees for 2020.
|
2020 |
2021 |
2022 |
2023 |
2024 |
|
|
|
Forward |
Forward |
Forward |
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
Assets |
|
|
|
|
|
Financial assets |
|
|
|
|
|
Cash and deposits |
7 067 |
8 574 |
8 662 |
8 554 |
8 327 |
Receivables |
318 |
286 |
289 |
292 |
295 |
Other financial assets |
774 |
712 |
726 |
741 |
755 |
|
8 159 |
9 572 |
9 677 |
9 587 |
9 377 |
|
|
|
|
|
|
Non‑financial assets |
|
|
|
|
|
Property, plant and equipment |
996 |
621 |
584 |
557 |
535 |
Heritage and cultural assets |
84 |
158 |
158 |
158 |
158 |
Intangibles |
9 160 |
8 918 |
9 523 |
8 243 |
7 040 |
Other assets1 |
1 621 |
420 |
435 |
450 |
465 |
|
11 861 |
10 117 |
10 700 |
9 408 |
8 198 |
|
|
|
|
|
|
Total assets |
20 020 |
19 689 |
20 377 |
18 995 |
17 575 |
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
Payables |
661 |
600 |
606 |
613 |
619 |
Interest bearing liabilities1 |
922 |
.... |
.... |
.... |
.... |
Employee benefits |
8 592 |
8 902 |
9 305 |
9 724 |
10 013 |
Other liabilities |
512 |
468 |
470 |
472 |
475 |
Total liabilities |
10 687 |
9 970 |
10 381 |
10 809 |
11 107 |
|
|
|
|
|
|
Net assets (liabilities) |
9 333 |
9 719 |
9 996 |
8 186 |
6 468 |
|
|
|
|
|
|
Equity |
|
|
|
|
|
Reserves2 |
.... |
11 |
11 |
11 |
11 |
Accumulated funds |
9 333 |
9 708 |
9 985 |
8 175 |
6 457 |
Total equity |
9 333 |
9 719 |
9 996 |
8 186 |
6 468 |
|
|
|
|
|
|
Notes:
1. The decrease in Other assets and Interest bearing liabilities from 2021 primarily reflects a change in the accounting treatment for the recognition of leases. Further information on this change is provided in chapter 1 of this Budget Paper.
2. The increase in Reserves in 2021 reflects a more accurate estimate based on the 30 June 2020 outcome.
|
2019‑20 |
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
|
|
|
Forward |
Forward |
Forward |
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
Cash flows from operating activities |
|
|
|
|
|
Cash inflows |
|
|
|
|
|
Appropriation receipts ‑ operating |
48 531 |
49 646 |
51 121 |
52 015 |
52 883 |
Appropriation receipts ‑ capital1 |
1 302 |
.... |
.... |
.... |
.... |
Appropriation receipts ‑ other2 |
.... |
1 275 |
.... |
.... |
.... |
Grants3 |
.... |
2 602 |
1 998 |
.... |
.... |
Fees and fines4 |
8 642 |
6 993 |
7 878 |
7 696 |
7 709 |
GST receipts |
1 600 |
1 600 |
1 600 |
1 600 |
1 600 |
Other cash receipts5 |
1 408 |
1 537 |
1 160 |
1 178 |
1 195 |
Total cash inflows |
61 483 |
63 653 |
63 757 |
62 489 |
63 387 |
|
|
|
|
|
|
Cash outflows |
|
|
|
|
|
Employee benefits |
(30 876) |
(32 766) |
(33 423) |
(33 711) |
(34 392) |
Superannuation |
(4 080) |
(4 207) |
(4 457) |
(4 656) |
(4 925) |
GST payments |
(1 600) |
(1 600) |
(1 600) |
(1 600) |
(1 600) |
Grants and subsidies |
(5 831) |
(4 652) |
(5 478) |
(5 887) |
(5 841) |
Supplies and consumables6 |
(9 363) |
(11 579) |
(9 287) |
(9 013) |
(9 118) |
Other cash payments |
(7 845) |
(8 005) |
(7 606) |
(7 610) |
(7 618) |
Total cash outflows |
(59 595) |
(62 809) |
(61 851) |
(62 477) |
(63 494) |
|
|
|
|
|
|
Net cash from (used by) operating activities |
1 888 |
844 |
1 906 |
12 |
(107) |
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
Payments for acquisition of non‑financial assets |
(1 723) |
(1 347) |
(1 818) |
(120) |
(120) |
Net cash from (used by) investing activities |
(1 723) |
(1 347) |
(1 818) |
(120) |
(120) |
|
|
|
|
|
|
Cash flows from financing activities |
|
|
|
|
|
Net borrowings7 |
(461) |
.... |
.... |
.... |
.... |
Net cash from (used by) financing activities |
(461) |
.... |
.... |
.... |
.... |
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents held |
(296) |
(503) |
88 |
(108) |
(227) |
|
|
|
|
|
|
Cash and deposits at the beginning of the reporting period |
7 363 |
9 077 |
8 574 |
8 662 |
8 554 |
Cash and deposits at the end of the reporting period |
7 067 |
8 574 |
8 662 |
8 554 |
8 327 |
|
|
|
|
|
|
Notes:
1. The decrease in Appropriation receipts ‑ capital reflects the cessation of appropriation funding for the BIMS Project.
2. The increase in Appropriation receipts ‑ other in 2020‑21 reflects the rollover of unexpended appropriation from 2019‑20 approved in accordance with the Financial Management Act 2016.
3. The increase in Grants in 2020‑21 and 2021‑22 reflects additional funding from the Government’s Digital Transformation Priority Expenditure Program for the PARS/PACMS Replacement Project and the Public Building Maintenance Program for maintenance works.
4. The decrease in Fees and fines in 2020‑21 is due to the impact of the COVID‑19 pandemic on gaming fees collected.
5. The decrease in Other cash receipts from 2021‑22 reflects the Tasmanian Economic Regulator no longer collecting Director of Gas Safety recoveries from licensed Tasmanian Gas licence holders on behalf of the Department of Justice.
6. The increase in Supplies and consumables in 2020‑21 is due to additional maintenance work expenditure funded through the Government’s Public Building Maintenance Program.
7. The decrease in Net borrowings from 2020‑21 reflects a change in the accounting treatment for the recognition of leases. Further information on this change is provided in chapter 1 of this Budget Paper.
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
|
Note:
1. The decrease in Fees and fines and Transfer to the Public Account in 2020‑21 is due to the impact of the COVID‑19 pandemic and the associated COVID‑19 Response and Recovery Measures waiving most liquor licencing fees for 2020.