The Inland Fisheries Service has wide statutory powers under the Inland Fisheries Act 1995 to regulate, manage and protect freshwater fish and improve fisheries in inland waters.
The responsible Minister is the Minister for Primary Industries and Water, Hon Guy Barnett MP, and the supporting agency is the Department of Primary Industries, Parks, Water and Environment.
The IFS manages Tasmania’s inland fisheries for the benefit of anglers and the Tasmanian community. This requires management of:
· Tasmanian inland recreational fisheries;
· inland commercial fisheries and associated aquaculture industries; and
· conservation of native fish and control of pest fish.
This chapter provides the IFS’s financial information for 2020‑21 and over the Forward Estimates (2021‑22 to 2023‑24). Further information on the IFS is provided at www.ifs.tas.gov.au.
Table 23.1 provides a summary of the Budget and Forward Estimates allocations for key deliverables within the Authority.
|
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 |
|
|
|
|
Public Building Maintenance Program |
245 |
…. |
…. |
…. |
|
|
|
|
|
Other Key Deliverables |
|
|
|
|
Anglers Access Program |
50 |
100 |
…. |
…. |
Anglers Alliance Tasmania support |
55 |
60 |
…. |
…. |
Cheaper To Go Trout Fishing |
90 |
120 |
…. |
…. |
|
|
|
|
|
Funding of $245 000 has been provided for the IFS in 2020‑21 as part of the Government’s Public Building Maintenance Program. Projects to be delivered include the development of the New Norfolk Business Office, and grounds rehabilitation for the Salmon Ponds Heritage Gardens.
A range of initiatives announced in the 2018‑19 Budget are continuing to support participation and growth in Tasmania’s trout fishery.
To expand the IFS’s Anglers Access Program across priority lakes and rivers in the North West, North East, and Derwent Catchment, funding totalling $200 000 has been provided for three years from 2019‑20. This initiative is in partnership with Anglers Alliance Tasmania and local angling clubs.
Funding of $215 000 over four years from 2018‑19 has been provided for Anglers Alliance Tasmania, the peak group representing 26 000 trout anglers, to support its work to improve the trout fishery and support anglers.
Funding of $300 000 over four years from 2018‑19 has been provided to freeze inland trout fishing licences at 2017‑18 prices, until 2023‑24. This initiative makes it cheaper to go trout fishing, and the funding will fully offset the revenue the IFS would have otherwise received.
|
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 |
|
|
|
|
|
Grants1 |
1 383 |
1 563 |
1 403 |
1 123 |
1 123 |
Sales of goods and services |
627 |
586 |
744 |
762 |
777 |
Fees and fines |
1 654 |
1 360 |
1 413 |
1 465 |
1 567 |
Interest2 |
43 |
20 |
21 |
22 |
22 |
Total revenue |
3 707 |
3 529 |
3 581 |
3 372 |
3 489 |
Total income |
3 707 |
3 529 |
3 581 |
3 372 |
3 489 |
|
|
|
|
|
|
Expenses |
|
|
|
|
|
Employee benefits |
2 274 |
2 272 |
2 267 |
2 259 |
2 286 |
Depreciation and amortisation |
290 |
229 |
229 |
229 |
229 |
Supplies and consumables |
1 355 |
1 276 |
1 299 |
1 259 |
1 278 |
Total expenses |
3 919 |
3 777 |
3 795 |
3 747 |
3 793 |
|
|
|
|
|
|
Net result |
(212) |
(248) |
(214) |
(375) |
(304) |
|
|
|
|
|
|
Other comprehensive income |
|
|
|
|
|
Changes in physical asset revaluation reserve3 |
150 |
.... |
.... |
.... |
.... |
Total other comprehensive income |
150 |
.... |
.... |
.... |
.... |
|
|
|
|
|
|
Comprehensive result |
(62) |
(248) |
(214) |
(375) |
(304) |
|
|
|
|
|
|
Notes:
1. The decrease in Grants in 2022‑23 reflects the completion of additional funding for a range of ‘Growing our world‑class inland fisheries’ initiatives.
2. The decrease in Interest from 2020-21 reflects a decline in short term deposit rates and a reduction in cash available for investment.
3. The variation in Changes in physical asset revaluation reserve relates to the revaluation of property in line with the Valuer‑General’s revaluation cycle.
|
2020 |
2021 |
2022 |
2023 |
2024 |
|
|
|
Forward |
Forward |
Forward |
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
Assets |
|
|
|
|
|
Financial assets |
|
|
|
|
|
Cash and deposits |
1 675 |
1 497 |
1 512 |
1 366 |
1 291 |
Receivables1 |
28 |
157 |
147 |
163 |
93 |
|
1 703 |
1 654 |
1 659 |
1 529 |
1 384 |
|
|
|
|
|
|
Non‑financial assets |
|
|
|
|
|
Property, plant and equipment |
3 792 |
3 701 |
3 627 |
3 428 |
3 213 |
Infrastructure2 |
300 |
1 017 |
896 |
710 |
741 |
Investment property |
3 495 |
3 200 |
3 238 |
3 276 |
3 314 |
|
7 587 |
7 918 |
7 761 |
7 414 |
7 268 |
|
|
|
|
|
|
Total assets |
9 290 |
9 572 |
9 420 |
8 943 |
8 652 |
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
Payables3 |
203 |
23 |
30 |
32 |
35 |
Employee benefits |
664 |
667 |
722 |
618 |
628 |
Total liabilities |
867 |
690 |
752 |
650 |
663 |
|
|
|
|
|
|
Net assets (liabilities) |
8 423 |
8 882 |
8 668 |
8 293 |
7 989 |
|
|
|
|
|
|
Equity |
|
|
|
|
|
Reserves |
2 502 |
2 904 |
2 904 |
2 904 |
2 904 |
Accumulated funds |
2 721 |
2 778 |
2 564 |
2 189 |
1 885 |
Other Equity |
3 200 |
3 200 |
3 200 |
3 200 |
3 200 |
Total equity |
8 423 |
8 882 |
8 668 |
8 293 |
7 989 |
|
|
|
|
|
|
Notes:
1. The increase in Receivables from 2021 reflects a budgeted increase in sales of fish and ancillary products.
2. The increase in Infrastructure in 2021 reflects new amenities constructed in the Central Highlands, and a change in classification of fish traps from buildings to infrastructure.
3. The decrease in Payables in 2021 reflects the Government’s initiative to reduce payment terms from 30 days to 14 days.
|
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 |
|
|
|
|
|
Grants1 |
1 383 |
1 563 |
1 403 |
1 123 |
1 123 |
Sales of goods and services |
627 |
586 |
744 |
762 |
777 |
Fees and fines |
1 654 |
1 360 |
1 413 |
1 465 |
1 567 |
GST receipts |
172 |
58 |
74 |
76 |
77 |
Interest received2 |
43 |
20 |
21 |
22 |
22 |
Total cash inflows |
3 879 |
3 587 |
3 655 |
3 448 |
3 566 |
|
|
|
|
|
|
Cash outflows |
|
|
|
|
|
Employee benefits |
(2 066) |
(2 065) |
(2 060) |
(2 052) |
(2 077) |
Superannuation |
(208) |
(207) |
(207) |
(207) |
(209) |
GST payments |
(101) |
(110) |
(105) |
(108) |
(112) |
Supplies and consumables |
(1 393) |
(1 224) |
(1 268) |
(1 227) |
(1 243) |
Total cash outflows |
(3 768) |
(3 606) |
(3 640) |
(3 594) |
(3 641) |
|
|
|
|
|
|
Net cash from (used by) operating activities |
111 |
(19) |
15 |
(146) |
(75) |
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
Payments for acquisition of non‑financial assets |
(100) |
(200) |
.... |
.... |
.... |
Net cash from (used by) investing activities |
(100) |
(200) |
.... |
.... |
.... |
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents held |
11 |
(219) |
15 |
(146) |
(75) |
|
|
|
|
|
|
Cash and deposits at the beginning of the reporting period |
1 664 |
1 716 |
1 497 |
1 512 |
1 366 |
Cash and deposits at the end of the reporting period |
1 675 |
1 497 |
1 512 |
1 366 |
1 291 |
|
|
|
|
|
|
Notes:
1. The decrease in Grants in 2022‑23 reflects the completion of additional funding for a range of ‘Growing our world‑class inland fisheries’ initiatives.
2. The decrease in Interest received from 2020-21 reflects a decline in short term deposit rates and a reduction in cash available for investment.