12    Department of Treasury and Finance

Agency Outline

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.

 


 

Key Deliverables

Table 12.1 provides a summary of the Budget and Forward Estimates allocations for key deliverables being undertaken by the Department.

Table 12.1:       Key Deliverables Statement

 

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.

Election Commitments

Common Ticketing System

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.

Energy Bill Supplement - Customer Concessions

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.

First Home Owners Grant Boost

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.

Investing in the Future of the Racing Industry

Funding is provided to enable Tasracing Pty Ltd to undertake infrastructure upgrades at Longford Racecourse, Brighton Training Centre and Devonport Racing Club.

Metro ITS Network Optimisation

Funding is provided over four years to support Metro Tasmania Pty Ltd to implement its Intelligent Transport Systems project.

Stadium Authority Trust

This commitment provides equity support to Stadiums Tasmania, which will be established to oversee the development and management of stadium assets.

Tasmanian Irrigation Tranche 3

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.

TasPorts Modern Port Infrastructure for the North West

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.

Other Initiatives

Electric Bus Trial

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.

Future Gaming Market Implementation

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.

Public Account Reporting and Management Information System

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.

Renewables, Climate and Future Industries Tasmania

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.


 

Output Information

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.


 

Table 12.2:       Output Group Expense Summary

 

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 

 

 

 

 

 

 

 

Table 12.2:       Output Group Expense Summary (continued)

 

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.


 

Output Group 1:    Financial and Resource Management Services

1.1 Budget Development and Management

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.

1.2 Financial Management and Accounting Services

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.

1.3 Shareholder Advice on Government Businesses

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.

1.4 Government Property and Accommodation Services

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.

1.5 Government Procurement Services

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.

 


 

Table 12.3:       Performance Information ‑ Output Group 1

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.


 

Output Group 2:    Economic and Fiscal Policy Advice

2.1 Economic Policy Advice

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.

2.2 Regulatory Policy

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.

2.3 Intergovernmental Financial Matters

This Output relates to the provision of advice on all intergovernmental financial matters, including support to the State Grants Commission.

2.4 Renewables, Climate and Future Industries Tasmania

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.


 

Table 12.4:       Performance Information ‑ Output Group 2

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 201920 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 201920 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.

 

 


 

Output Group 3:    Revenue, Superannuation and Regulatory Management Services

3.1 Tax Administration and Revenue Collection

This Output comprises the administration of taxation legislation and the collection of State taxation, including monitoring the compliance of taxpayers with State revenue legislation.

3.2 Regulation and Administration of Liquor and Gaming

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.

3.3 Economic Regulation

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.

3.4 Office of the Superannuation Commission

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.

3.5 Administration of Grants, Subsidies and Concessions

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.

 


 

Table 12.5:       Performance Information ‑ Output Group 3

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.

 


 

Output Group 4:    Community Assistance

4.1 Public Trustee Community Service Obligation

This Output comprises the payment of the Community Service Obligation to the Public Trustee for the provision of trustee services to eligible clients.

4.2 Community Support Levy

This Output comprises the collection and disbursement of funds from the Community Support Levy.


 

Detailed Budget Statements

Table 12.6:       Statement of Comprehensive Income

 

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. 

Table 12.7:       Statement of Comprehensive Income ‑ Administered

 

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.     

Table 12.8:       Revenue from Appropriation by Output

 

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 


 

Table 12.8:       Revenue from Appropriation by Output (continued)

 

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.


 

Table 12.9:       Administered Revenue

 

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.

 

Table 12.10:      Administered Expenses

 

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.


 

Table 12.11:      Statement of Financial Position as at 30 June

 

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 

 

 

 

 

 

 


 

Table 12.12:      Statement of Cash Flows

 

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 

(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 

 

 

 

 

 

 

 

 

Table 12.12:      Statement of Cash Flows ‑ Administered

 

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

.... 

.... 

.... 

.... 

....