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 2021-22 and over the Forward Estimates (2022-23 to 2024-25). 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.
|
|
2021‑22
Budget |
2022‑23 Forward Estimate |
2023‑24 Forward Estimate |
2024‑25 Forward Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
|
Election Commitments |
|
|
|
|
|
Common Ticketing System1 |
7 000 |
14 500 |
4 000 |
4 000 |
|
Energy Bill Supplement ‑ Customer Concessions1 |
12 000 |
…. |
…. |
…. |
|
First Home Owners Grant Boost1 |
7 500 |
…. |
…. |
…. |
|
Investing in the Future of the Racing Industry1 |
3 000 |
…. |
…. |
…. |
|
Metro ITS Network Optimisation1 |
500 |
500 |
500 |
500 |
|
Stadium Authority Trust1 |
20 000 |
22 500 |
22 500 |
…. |
|
Tasmanian Irrigation Tranche 31 |
10 900 |
5 900 |
5 900 |
5 900 |
|
TasPorts Modern Port Infrastructure for the North West1 |
5 000 |
…. |
…. |
…. |
|
|
|
|
|
|
|
Other Initiatives |
|
|
|
|
|
Electric Bus Trial1 |
2 000 |
4 000 |
…. |
…. |
|
Future Gaming Market Implementation |
717 |
601 |
560 |
…. |
|
Public Account Reporting and Management Information System |
1 166 |
1 165 |
…. |
…. |
|
Renewables, Climate and Future Industries Tasmania |
1 000 |
2 000 |
2 000 |
2 000 |
|
|
|
|
|
|
Note:
1. These key deliverables will be funded through Finance-General.
Funding is provided over four years to assist with implementation of a common ticketing solution that will apply to all Tasmanian general access public transport services.
Funding is allocated to 2021‑22 to provide around 90 000 eligible concession customers with a $125 supplement as a discount on 2021 winter energy bills.
The Government has increased the First Home Owners Grant from $20 000 to $30 000, for eligible transactions from 1 April 2021 until 30 June 2022.
Funding is provided to enable Tasracing Pty Ltd to undertake infrastructure upgrades at Longford Racecourse, Brighton Training Centre and Devonport Racing Club.
Funding is provided over four years to support Metro Tasmania Pty Ltd to implement its Intelligent Transport Systems project.
This commitment provides equity support to Stadiums Tasmania, which will be established to oversee the development and management of stadium assets.
This commitment provides Tasmanian Irrigation Pty Ltd with an additional $23.7 million in funding, over four years, for Tranche 3 irrigation projects and $5 million, in 2021‑22, to develop a business case for the South East Extension Scheme.
Additional funding is provided to the Tasmanian Ports Corporation Pty Ltd in 2021-22 to progress the business case and commence work on detailed engineering designs for the Burnie Port Export Gateway Project. This has been endorsed as a priority initiative on the latest Infrastructure Australia Priority List.
The 2021-22 Budget includes an equity contribution to Metro Tasmania Pty Ltd of $6 million over two years to undertake an electric bus trial.
Under the Government’s Future Gaming Market 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. At this time, the Government policy is for electronic gaming machines in hotels and clubs to be operated under an individual venue licensing model, with the legislative amendments to provide for its policy to be ready for tabling in 2021 following public consultation.
Treasury is responsible for:
· providing advice to Government in relation to the implementation of its policy;
· completing required legislative amendments to the Gaming Control Act 1993;
· preparing and conducting a public tender of the rights to operate monitoring of the hotel and club electronic gaming machine network (subject to passage of legislation); and
· overseeing the transition to the new model and supporting the Tasmanian Liquor and Gaming Commission in the ongoing regulation of the model.
Treasury has commenced the second stage of the replacement of the Agency’s whole‑of‑government budgeting and financial reporting system. The first stage was the successful replacement of the Budget Management System module with the Budget Information Management System; the second stage is replacement of the remaining modules used for Public Account financial reporting and Public Account cash management. The current systems used to perform these two functions are not sustainable due to an ageing technology base and Treasury aims to deliver a solution that provides advanced functions and tools to improve the financial analysis, monitoring and reporting functions.
The PARAMIS Project has a scheduled completion date of June 2023 and is funded from the Government’s Digital Transformation Priority Expenditure Program.
This initiative establishes Renewables, Climate and Future Industries Tasmania, supported by Treasury, for the provision of advice to the Premier, Treasurer, Minister for Climate Change and the Minister for Energy and Emissions Reduction on strategic policy matters relating to renewable energy and climate change.
It will also support the provision of advice on major innovative energy projects including Battery of the Nation; Marinus Link; and the emerging economic opportunity of Tasmanian renewable hydrogen production. Development of strategies to support the Government to capitalise on opportunities for Tasmania from a changing climate and the development of a low-carbon economy will be a critical activity of the unit.
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.
|
|
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
2024‑25 |
|
|
|
|
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 |
3 480 |
3 727 |
3 569 |
3 655 |
3 747 |
|
1.2 Financial Management and Accounting Services |
3 706 |
3 899 |
3 817 |
3 904 |
4 005 |
|
1.3 Shareholder Advice on Government Businesses |
2 665 |
2 841 |
2 817 |
2 893 |
2 971 |
|
|
9 851 |
10 467 |
10 203 |
10 452 |
10 723 |
|
Output Group 2 ‑ Economic and Fiscal Policy Advice |
|
|
|
|
|
|
2.1 Economic Policy Advice |
2 277 |
2 573 |
2 539 |
2 609 |
2 688 |
|
2.3 Intergovernmental Financial Matters |
2 438 |
2 604 |
2 571 |
2 647 |
2 718 |
|
2.4 Renewables, Climate and Future Industries Tasmania1 |
.... |
1 023 |
2 091 |
2 141 |
2 175 |
|
|
4 715 |
6 200 |
7 201 |
7 397 |
7 581 |
|
Output Group 3 ‑ Revenue, Superannuation and Regulatory Management Services |
|
|
|
|
|
|
3.5 Administration of Grants, Subsidies and Concessions |
1 879 |
1 808 |
1 770 |
1 809 |
1 850 |
|
|
1 879 |
1 808 |
1 770 |
1 809 |
1 850 |
|
Output Group 4 ‑ Community Assistance |
|
|
|
|
|
|
4.1 Public Trustee Community Service Obligation |
2 163 |
2 212 |
2 261 |
2 312 |
2 364 |
|
4.2 Community Support Levy2 |
3 296 |
4 230 |
4 150 |
4 104 |
4 059 |
|
|
5 459 |
6 442 |
6 411 |
6 416 |
6 423 |
|
|
|
|
|
|
|
|
Minister for Finance |
|
|
|
|
|
|
|
|
|
|
|
|
|
Output Group 1 ‑ Financial and Resource Management Services |
|
|
|
|
|
|
1.4 Government Property and Accommodation Services |
2 342 |
2 496 |
2 495 |
2 429 |
2 503 |
|
1.5 Government Procurement Services3 |
3 089 |
3 722 |
3 808 |
3 924 |
4 042 |
|
|
5 431 |
6 218 |
6 303 |
6 353 |
6 545 |
|
Output Group 2 ‑ Economic and Fiscal Policy Advice |
|
|
|
|
|
|
2.2 Regulatory Policy |
4 125 |
4 083 |
3 920 |
3 929 |
3 904 |
|
|
4 125 |
4 083 |
3 920 |
3 929 |
3 904 |
|
Output Group 3 ‑ Revenue, Superannuation and Regulatory Management Services |
|
|
|
|
|
|
3.1 Tax Administration and Revenue Collection |
7 581 |
7 927 |
7 826 |
8 031 |
8 263 |
|
3.2 Regulation and Administration of Liquor and Gaming4 |
5 084 |
5 566 |
5 430 |
5 484 |
5 478 |
|
3.3 Economic Regulation5 |
2 241 |
2 176 |
1 867 |
1 915 |
1 967 |
|
3.4 Office of the Superannuation Commission |
14 527 |
14 714 |
14 638 |
14 776 |
14 921 |
|
|
29 433 |
30 383 |
29 761 |
30 206 |
30 629 |
|
|
|
|
|
|
|
|
|
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
2024‑25 |
|
|
|
|
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 Program6 |
1 785 |
687 |
.... |
.... |
.... |
|
|
1 785 |
687 |
.... |
.... |
.... |
|
|
|
|
|
|
|
|
TOTAL |
62 678 |
66 288 |
65 569 |
66 562 |
67 655 |
|
|
|
|
|
|
|
Notes:
1. The new Output in 2021‑22, Renewables, Climate and Future Industries Tasmania, reflects the increased role of Treasury in supporting the Government on strategic policy matters relating to renewable energy and climate change.
2. The increase in Community Support Levy from 2021‑22 reflects the greater level of contributions being paid into the CSL following the easing of COVID‑19 restrictions on hotels and clubs in Tasmania. The estimates from 2023‑24 do not include changes to expenditure resulting from proposed legislative amendments under the Future Gaming Market Project.
3. The increase in Government Procurement Services from 2021‑22 reflects the reallocation of expenditure following the cessation of whole‑of‑government common use ICT contracts.
4. The increase in Regulation and Administration of Liquor and Gaming reflects the rollover of unexpended appropriation from 2020‑21, including to implement the Gambling and Licensing Information System.
5. The variation in Economic Regulation reflects the timing of support provided to the Tasmanian Economic Regulator for pricing investigations. 2021‑22 includes expenditure for the Tasmanian water and sewerage industry 2021 Price Determination investigation.
6. The decrease in Public Building Maintenance Program reflects the completion of maintenance work funded under this Program as part of the Government’s COVID‑19 Response and Recovery measures.
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 management of whole-of-government contracts and the Tasmanian Risk Management Fund.
|
Performance Measure |
Unit of Measure |
2018‑19 Actual |
2019‑20 Actual |
2020‑21 Actual |
2021‑22 Target |
|
|
|
|
|
|
|
|
Financial and Resource Management Services |
|
|
|
|
|
|
Stakeholder satisfaction rating1 |
% |
na |
na |
na |
>90 |
|
Proportion of financial reports receiving an |
|
|
|
|
|
|
unqualified audit opinion2 |
% |
100 |
100 |
100 |
100 |
|
Treasury‑managed property vacancy rate3 |
% |
0.7 |
3.7 |
2.9 |
<1.5 |
|
State Service workers’ compensation |
|
|
|
|
|
|
contributions as a percentage of the average |
|
|
|
|
|
|
premium charged by private insurers4 |
% |
95 |
104 |
107 |
<90 |
|
Proportion of financial reports published by the |
|
|
|
|
|
|
required date5 |
% |
100 |
100 |
100 |
100 |
|
Variance between Budget estimate and actual |
|
|
|
|
|
|
GBE/SOC returns6 |
% |
5.4 |
2.9 |
na |
<5.0 |
|
|
|
|
|
|
|
Notes:
1. The satisfaction rating of the quality of Treasury’s services is obtained from the results of Treasury’s Stakeholder Survey. Treasury’s Stakeholder Survey was most recently completed in August 2018 for 2017‑18 and is scheduled to next be completed in November 2021 for 2020‑21.
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 significantly increased the size of the portfolio managed by Treasury with the transfer of leases from agencies.
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. The Fund’s performance against the indicator in 2020‑21 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 2020‑21 were the Preliminary Outcomes Report 2019‑20, Treasurer’s Annual Financial Report 2019‑20, September Quarterly Report 2020‑21, December Quarterly Report 2020‑21 and the March Quarterly Report 2020‑21.
6. Returns from government businesses and state‑owned companies comprise dividends, income tax equivalent payments, rate equivalent payments and guarantee fees. Due to the timing of the 2021‑22 Budget, no actuals were available for 2020‑21.
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.
This Output relates to the provision of advice to the Premier, Treasurer, Minister for Climate Change and the Minister for Energy and Emissions Reduction on strategic policy matters relating to renewable energy and climate change. It will also support the provision of advice on major innovative energy projects including Battery of the Nation; Marinus Link; and the emerging economic opportunity of Tasmanian renewable hydrogen production. Development of strategies to support the Government to capitalise on opportunities for Tasmania from a changing climate and the development of a low-carbon economy are a critical component of this Output.
|
Performance Measure |
Unit of Measure |
2018‑19 Actual |
2019‑20 Actual |
2020‑21 Actual |
2021‑22 Target |
|
|
|
|
|
|
|
|
Economic and Fiscal Policy Advice |
|
|
|
|
|
|
Stakeholder satisfaction rating1 |
% |
na |
na |
na |
>90 |
|
Variance between Budget estimate and actual |
|
|
|
|
|
|
taxation receipts2,3 |
% |
1.3 |
4.5 |
na |
<5.0 |
|
Variance between Budget estimate and actual |
|
|
|
|
|
|
Australian Government payments3,4 |
% |
2.6 |
1.9 |
na |
<5.0 |
|
Variance between Budget forecast and ABS |
|
|
|
|
|
|
estimate of Gross State Product growth3,5 |
% pts |
1.0 |
2.4 |
na |
<1.0 |
|
Variance between Budget forecast and ABS |
|
|
|
|
|
|
estimate of employment growth5 |
% pts |
0.3 |
0.6 |
3.5 |
<1.0 |
|
|
|
|
|
|
|
Notes:
1. The satisfaction rating of the quality of Treasury’s services is obtained from the results of Treasury’s Stakeholder Survey. Treasury’s Stakeholder Survey was most recently completed in August 2018 for 2017‑18 and is scheduled to next be completed in November 2021 for 2020‑21.
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 presentation of the 2018-19 Actual has been revised to reflect the audited outcome of the Department’s 2019-20 Annual Report. The 2019‑20 Actual has been updated to reflect the audited outcome from the latest Treasurer’s Annual Financial Report 2019-20.
3. Due to the timing of the 2021‑22 Budget, no actuals were available for 2020‑21. These will be published in the Department’s 2020‑21 Annual Report.
4. 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 actual has been updated to reflect the audited outcome from the latest Treasurer’s Annual Financial Report 2019-20.
5. The accuracy of Treasury’s Gross State Product and employment growth forecast for the financial years prior to 2020‑21 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. The ABS revises its estimates of GSP and employment growth for past financial years. This has led to a revision in the 2018‑19 Actual reported here. 2020‑21 estimates were not available to be included in this chapter. The above target variance in GSP growth for 2019‑20 reflects the onset of the COVID‑19 pandemic, which led to a sharp contraction in Tasmania’s economic activity in the June quarter 2020, impacting overall growth for 2019‑20. The target variance in employment growth for 2020‑21 reflects the stronger than expected recovery of the Tasmanian labour market than forecast at the time of the 2020‑21 Budget.
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 supply 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 and water and sewerage concessions, and tax rebates and exemptions.
|
Performance Measure |
Unit of Measure |
2018‑19 Actual |
2019‑20 Actual |
2020‑21 Actual |
2021‑22 Target |
|
|
|
|
|
|
|
|
Revenue, Superannuation and Regulatory Management Services1 |
|
|
|
|
|
|
Stakeholder satisfaction rating2 |
% |
na |
na |
na |
>90 |
|
Total overdue taxation debt as a percentage of |
|
|
|
|
|
|
total taxation revenue3,4 |
% |
1.1 |
1.2 |
na |
<0.8 |
|
Percentage of objections in which the |
|
|
|
|
|
|
Commissioner of State Revenue’s assessment |
|
|
|
|
|
|
or decision was confirmed5 |
% |
66 |
66 |
78 |
>60 |
|
Revenue Branch operating expenses as a |
|
|
|
|
|
|
percentage of taxation revenue4,6 |
% |
0.7 |
0.7 |
na |
<1.5 |
|
Percentage of liquor applications submitted to |
|
|
|
|
|
|
the Commissioner for Licensing within 40 days |
|
|
|
|
|
|
of advertising7 |
% |
92 |
91 |
91 |
>95 |
|
Number of member complaints received by the |
|
|
|
|
|
|
Superannuation Commission8 |
Number |
53 |
38 |
35 |
<50 |
|
|
|
|
|
|
|
Notes:
1. The Performance measure: Percentage of formal recommendations accepted by the Tasmanian Liquor and Gaming Commission has been discontinued as the Commission no longer receives recommendations relating to disciplinary matters.
2. The satisfaction rating of the quality of Treasury’s services is obtained from the results of Treasury’s Stakeholder Survey. Treasury’s Stakeholder Survey was most recently completed in August 2018 for 2017‑18 and is scheduled to next be completed in November 2021 for 2020‑21.
3. 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.
4. Due to the timing of the 2021‑22 Budget, no actuals were available for 2020‑21. These will be published in the Department’s 2020‑21 Annual Report.
5. 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. The target has been adjusted from >80 to >60 following a change in internal process. All objections are now internally reviewed in the first instance to initially clarify their validity. Only those regarded as valid progress to be determined under the objection process. The 2019-20 actual has been updated to reflect the audited outcome from the Department’s 2019-20 Annual Report.
6. 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.
7. 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.
8. 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 the handling of complaints are addressed by the Tasmanian Ombudsman.
This Output comprises the payment of the Community Service Obligation to the Public Trustee for the provision of trustee services to eligible clients.
This Output comprises the collection and disbursement of funds from the Community Support Levy.
|
|
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
2024‑25 |
|
|
|
|
Forward |
Forward |
Forward |
|
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
|
|
Revenue and other income |
|
|
|
|
|
|
Appropriation revenue ‑ operating1 |
49 646 |
52 283 |
54 369 |
55 464 |
56 380 |
|
Other revenue from government |
1 275 |
2 000 |
.... |
.... |
.... |
|
Grants2,3 |
2 602 |
1 853 |
1 165 |
.... |
.... |
|
Fees and fines4 |
7 010 |
8 691 |
8 342 |
8 379 |
8 355 |
|
Other revenue5 |
1 537 |
1 295 |
1 316 |
1 338 |
1 357 |
|
Total revenue |
62 070 |
66 122 |
65 192 |
65 181 |
66 092 |
|
Total income |
62 070 |
66 122 |
65 192 |
65 181 |
66 092 |
|
|
|
|
|
|
|
|
Expenses |
|
|
|
|
|
|
Employee benefits6 |
37 356 |
40 504 |
41 035 |
42 076 |
43 365 |
|
Depreciation and amortisation7 |
1 092 |
1 205 |
1 360 |
1 278 |
1 207 |
|
Supplies and consumables8 |
11 572 |
10 712 |
9 496 |
9 568 |
9 427 |
|
Grants and subsidies3,9 |
4 652 |
6 249 |
6 048 |
6 003 |
6 010 |
|
Other expenses |
8 006 |
7 618 |
7 630 |
7 637 |
7 646 |
|
Total expenses |
62 678 |
66 288 |
65 569 |
66 562 |
67 655 |
|
|
|
|
|
|
|
|
Net result |
(608) |
(166) |
(377) |
(1 381) |
(1 563) |
|
|
|
|
|
|
|
|
Comprehensive result |
(608) |
(166) |
(377) |
(1 381) |
(1 563) |
|
|
|
|
|
|
|
Notes:
1. The increase in Appropriation revenue - operating primarily reflects funding associated with Output 2.4 Renewables, Climate and Future Industries Tasmania.
2. The decrease in Grants reflects the final allocation of funding for the Public Building Maintenance Program in 2021‑22 and the completion of the PARAMIS Project in 2022‑23.
3. The estimates from 2023‑24 do not include changes resulting from proposed legislative amendments under the Future Gaming Market Project.
4. The increase in Fees and fines from 2021‑22 reflects the impact of the COVID‑19 pandemic on gaming fees collected in 2020‑21.
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 Employee benefits primarily reflects the rollover of unexpended appropriation from 2020-21 and funding associated with Output 2.4 Renewables, Climate and Future Industries Tasmania.
7. The variations in Depreciation and amortisation reflect the completion of the Budget Information Management System in 2020‑21 and the PARAMIS Project in 2022‑23.
8. The decrease in Supplies and consumables in 2021‑22 reflects the completion of maintenance work funded through the Public Building Maintenance Program.
9. The increase in Grants and subsidies in 2021‑22 is due to additional funds being available for Community Support Levy grants following the easing of COVID‑19 restrictions on hotels and clubs in Tasmania.
10.
|
|
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
2024‑25 |
|
|
|
|
Forward |
Forward |
Forward |
|
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
|
|
Administered revenue and other income |
|
|
|
|
|
|
Fees and fines1 |
1 310 |
1 593 |
1 612 |
1 631 |
1 651 |
|
Total administered revenue |
1 310 |
1 593 |
1 612 |
1 631 |
1 651 |
|
Total administered income |
1 310 |
1 593 |
1 612 |
1 631 |
1 651 |
|
|
|
|
|
|
|
|
Administered expenses |
|
|
|
|
|
|
Transfers to the Public Account1 |
1 310 |
1 593 |
1 612 |
1 631 |
1 651 |
|
Total administered expenses |
1 310 |
1 593 |
1 612 |
1 631 |
1 651 |
|
|
|
|
|
|
|
|
Administered net result |
.... |
.... |
.... |
.... |
.... |
|
|
|
|
|
|
|
|
Administered comprehensive result |
.... |
.... |
.... |
.... |
.... |
|
|
|
|
|
|
|
Note:
1. The increase in Fees and fines and Transfers to the Public Account from 2021‑22 reflects the impact of the waiving of liquor licencing fees in 2020‑21 as part of the Government’s COVID‑19 Response and Recovery measures.
2.
|
|
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
2024‑25 |
|
|
|
|
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 |
3 248 |
3 102 |
3 091 |
3 186 |
3 267 |
|
1.2 Financial Management and Accounting Services |
3 485 |
3 388 |
3 372 |
3 473 |
3 564 |
|
1.3 Shareholder Advice on Government Businesses |
2 547 |
2 735 |
2 743 |
2 832 |
2 905 |
|
|
9 280 |
9 225 |
9 206 |
9 491 |
9 736 |
|
Output Group 2 ‑ Economic and Fiscal Policy Advice |
|
|
|
|
|
|
2.1 Economic Policy Advice |
2 180 |
2 472 |
2 469 |
2 551 |
2 625 |
|
2.3 Intergovernmental Financial Matters |
2 310 |
2 502 |
2 500 |
2 588 |
2 654 |
|
2.4 Renewables, Climate and Future Industries Tasmania1 |
.... |
1 023 |
2 091 |
2 141 |
2 175 |
|
|
4 490 |
5 997 |
7 060 |
7 280 |
7 454 |
|
Output Group 3 ‑ Revenue, Superannuation and Regulatory Management Services |
|
|
|
|
|
|
3.5 Administration of Grants, Subsidies and Concessions |
1 804 |
1 726 |
1 714 |
1 762 |
1 800 |
|
|
1 804 |
1 726 |
1 714 |
1 762 |
1 800 |
|
Output Group 4 ‑ Community Assistance |
|
|
|
|
|
|
4.1 Public Trustee Community Service Obligation |
2 163 |
2 212 |
2 261 |
2 312 |
2 364 |
|
|
2 163 |
2 212 |
2 261 |
2 312 |
2 364 |
|
|
|
|
|
|
|
|
Operating Services |
17 737 |
19 160 |
20 241 |
20 845 |
21 354 |
|
|
17 737 |
19 160 |
20 241 |
20 845 |
21 354 |
|
|
|
|
|
|
|
|
Minister for Finance |
|
|
|
|
|
|
|
|
|
|
|
|
|
Output Group 1 ‑ Financial and Resource Management Services |
|
|
|
|
|
|
1.4 Government Property and Accommodation Services |
1 923 |
2 178 |
2 334 |
2 275 |
2 344 |
|
1.5 Government Procurement Services2 |
300 |
875 |
892 |
941 |
983 |
|
|
2 223 |
3 053 |
3 226 |
3 216 |
3 327 |
|
Output Group 2 ‑ Economic and Fiscal Policy Advice |
|
|
|
|
|
|
2.2 Regulatory Policy3 |
3 243 |
3 108 |
3 746 |
3 768 |
3 734 |
|
|
3 243 |
3 108 |
3 746 |
3 768 |
3 734 |
|
Output Group 3 ‑ Revenue, Superannuation and Regulatory Management Services |
|
|
|
|
|
|
3.1 Tax Administration and Revenue Collection |
7 333 |
7 619 |
7 610 |
7 854 |
8 071 |
|
3.2 Regulation and Administration of Liquor and Gaming |
4 726 |
4 857 |
5 070 |
5 141 |
5 120 |
|
3.4 Office of the Superannuation Commission |
14 384 |
14 486 |
14 476 |
14 640 |
14 774 |
|
|
26 443 |
26 962 |
27 156 |
27 635 |
27 965 |
|
|
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
2024‑25 |
|
|
|
|
Forward |
Forward |
Forward |
|
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
|
|
Operating Services |
31 909 |
33 123 |
34 128 |
34 619 |
35 026 |
|
|
31 909 |
33 123 |
34 128 |
34 619 |
35 026 |
|
|
|
|
|
|
|
|
Department of Treasury and Finance |
|
|
|
|
|
|
Total Operating Services |
49 646 |
52 283 |
54 369 |
55 464 |
56 380 |
|
|
49 646 |
52 283 |
54 369 |
55 464 |
56 380 |
|
|
|
|
|
|
|
|
Appropriation Rollover |
1 275 |
2 000 |
.... |
.... |
.... |
|
|
|
|
|
|
|
|
Total Revenue from Appropriation |
50 921 |
54 283 |
54 369 |
55 464 |
56 380 |
|
|
|
|
|
|
|
|
Controlled Revenue from Appropriation |
50 921 |
54 283 |
54 369 |
55 464 |
56 380 |
|
|
50 921 |
54 283 |
54 369 |
55 464 |
56 380 |
|
|
|
|
|
|
|
Notes:
1. The new Output Renewables, Climate and Future Industries Tasmania reflects the increased role of Treasury in supporting the Government on strategic policy matters relating to renewable energy and climate change.
2. The increase in Government Procurement Services from 2021‑22 reflects the reallocation of revenue following the cessation of whole‑of‑government common use ICT contracts.
3. The increase in Regulatory Policy from 2022‑23 reflects the funding of resources for the Future Gaming Market Implementation Project.
|
|
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
2024‑25 |
|
|
|
|
Forward |
Forward |
Forward |
|
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
|
|
Revenue Collected on Behalf of the Public Account |
|
|
|
|
|
|
Other Regulatory Fees1 |
1 310 |
1 593 |
1 612 |
1 631 |
1 651 |
|
|
1 310 |
1 593 |
1 612 |
1 631 |
1 651 |
|
|
|
|
|
|
|
|
Total Administered Revenue |
1 310 |
1 593 |
1 612 |
1 631 |
1 651 |
|
|
|
|
|
|
|
Note:
1. The increase in Other Regulatory Fees from 2021‑22 reflects the impact of the waiving of liquor licencing fees in 2020‑21 as part of the Government’s COVID‑19 Response and Recovery measures.
|
|
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
2024‑25 |
|
|
|
|
Forward |
Forward |
Forward |
|
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
|
|
Transfer to the Public Account1 |
1 310 |
1 593 |
1 612 |
1 631 |
1 651 |
|
|
|
|
|
|
|
|
Total Administered Expenses |
1 310 |
1 593 |
1 612 |
1 631 |
1 651 |
|
|
|
|
|
|
|
Note:
1. The increase in Transfer to the Public Account from 2021‑22 reflects the impact of the waiving of liquor licencing fees in 2020‑21 as part of the Government’s COVID‑19 Response and Recovery measures.
|
|
2021 |
2022 |
2023 |
2024 |
2025 |
|
|
|
|
Forward |
Forward |
Forward |
|
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
Financial assets |
|
|
|
|
|
|
Cash and deposits |
8 574 |
9 389 |
9 447 |
9 453 |
9 355 |
|
Receivables |
286 |
290 |
319 |
353 |
393 |
|
Other financial assets |
712 |
649 |
660 |
672 |
684 |
|
|
9 572 |
10 328 |
10 426 |
10 478 |
10 432 |
|
|
|
|
|
|
|
|
Non‑financial assets |
|
|
|
|
|
|
Property, plant and equipment |
621 |
676 |
617 |
572 |
539 |
|
Heritage and cultural assets |
158 |
158 |
158 |
158 |
158 |
|
Intangibles |
8 918 |
8 080 |
8 064 |
6 951 |
5 897 |
|
Other assets |
420 |
510 |
521 |
532 |
543 |
|
|
10 117 |
9 424 |
9 360 |
8 213 |
7 137 |
|
|
|
|
|
|
|
|
Total assets |
19 689 |
19 752 |
19 786 |
18 691 |
17 569 |
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
Payables |
600 |
662 |
668 |
674 |
680 |
|
Employee benefits |
8 902 |
9 402 |
9 807 |
10 087 |
10 522 |
|
Other liabilities |
468 |
535 |
535 |
535 |
535 |
|
Total liabilities |
9 970 |
10 599 |
11 010 |
11 296 |
11 737 |
|
|
|
|
|
|
|
|
Net assets (liabilities) |
9 719 |
9 153 |
8 776 |
7 395 |
5 832 |
|
|
|
|
|
|
|
|
Equity |
|
|
|
|
|
|
Reserves |
11 |
11 |
11 |
11 |
11 |
|
Accumulated funds |
9 708 |
9 142 |
8 765 |
7 384 |
5 821 |
|
Total equity |
9 719 |
9 153 |
8 776 |
7 395 |
5 832 |
|
|
|
|
|
|
|
|
|
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
2024‑25 |
|
|
|
|
Forward |
Forward |
Forward |
|
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
|
|
Cash flows from operating activities |
|
|
|
|
|
|
Cash inflows |
|
|
|
|
|
|
Appropriation receipts ‑ operating |
49 646 |
52 283 |
54 369 |
55 464 |
56 380 |
|
Appropriation receipts ‑ other |
1 275 |
2 000 |
.... |
.... |
.... |
|
Grants |
2 602 |
2 136 |
1 165 |
.... |
.... |
|
Fees and fines |
6 993 |
8 655 |
8 302 |
8 334 |
8 303 |
|
GST receipts |
1 600 |
1 600 |
1 600 |
1 600 |
1 600 |
|
Other cash receipts |
1 537 |
1 295 |
1 316 |
1 338 |
1 357 |
|
Total cash inflows |
63 653 |
67 969 |
66 752 |
66 736 |
67 640 |
|
|
|
|
|
|
|
|
Cash outflows |
|
|
|
|
|
|
Employee benefits |
(32 766) |
(35 364) |
(35 648) |
(36 498) |
(37 304) |
|
Superannuation |
(4 207) |
(4 749) |
(4 981) |
(5 298) |
(5 625) |
|
GST payments |
(1 600) |
(1 600) |
(1 600) |
(1 600) |
(1 600) |
|
Grants and subsidies |
(4 652) |
(6 249) |
(6 048) |
(6 003) |
(6 010) |
|
Supplies and consumables |
(11 579) |
(10 718) |
(9 502) |
(9 574) |
(9 433) |
|
Other cash payments |
(8 005) |
(7 618) |
(7 630) |
(7 637) |
(7 646) |
|
Total cash outflows |
(62 809) |
(66 298) |
(65 409) |
(66 610) |
(67 618) |
|
|
|
|
|
|
|
|
Net cash from (used by) operating activities |
844 |
1 671 |
1 343 |
126 |
22 |
|
|
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
|
Payments for acquisition of non‑financial assets |
(1 347) |
(1 286) |
(1 285) |
(120) |
(120) |
|
Net cash from (used by) investing activities |
(1 347) |
(1 286) |
(1 285) |
(120) |
(120) |
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents held |
(503) |
385 |
58 |
6 |
(98) |
|
|
|
|
|
|
|
|
Cash and deposits at the beginning of the reporting period |
9 077 |
9 004 |
9 389 |
9 447 |
9 453 |
|
Cash and deposits at the end of the reporting period |
8 574 |
9 389 |
9 447 |
9 453 |
9 355 |
|
|
|
|
|
|
|
|
|
2020‑21 |
2021‑22 |
2022‑23 |
2023‑24 |
2024‑25 |
|
|
|
|
Forward |
Forward |
Forward |
|
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
|
|
Cash flows from operating activities |
|
|
|
|
|
|
Cash inflows |
|
|
|
|
|
|
Fees and fines |
1 310 |
1 593 |
1 612 |
1 631 |
1 651 |
|
Total cash inflows |
1 310 |
1 593 |
1 612 |
1 631 |
1 651 |
|
|
|
|
|
|
|
|
Cash outflows |
|
|
|
|
|
|
Transfer to the Public Account |
(1 310) |
(1 593) |
(1 612) |
(1 631) |
(1 651) |
|
Total cash outflows |
(1 310) |
(1 593) |
(1 612) |
(1 631) |
(1 651) |
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents held |
.... |
.... |
.... |
.... |
.... |
|
|
|
|
|
|
|
|
Cash and deposits at the beginning of the reporting period |
.... |
.... |
.... |
.... |
.... |
|
Cash and deposits at the end of the reporting period |
.... |
.... |
.... |
.... |
.... |
|
|
|
|
|
|
|