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 2021‑22 and over the Forward Estimates (2022‑23 to 2024‑25). 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 being undertaken by the Authority.
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|
2021‑22
Budget |
2022‑23 Forward Estimate |
2023‑24 Forward Estimate |
2024‑25 Forward Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
|
Election Commitments |
|
|
|
|
|
Inland Fisheries Infrastructure |
250 |
250 |
250 |
250 |
|
Junior Inland Angling Fee Waiver |
18 |
19 |
19 |
19 |
|
Trout Promotion |
50 |
50 |
…. |
…. |
|
|
|
|
|
|
This initiative will provide new and upgraded facilities and amenities for inland fishing, and improved access.
To encourage youth participation, this initiative will waive junior angling license fees for four years, commencing in 2021‑22.
This initiative expands the Government’s Tagged Trout Promotion to encourage participation in the recreational trout fishery and support tourism into regional communities.
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|
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 |
|
|
|
|
|
|
Grants1 |
1 563 |
1 721 |
1 442 |
1 392 |
1 392 |
|
Sales of goods and services |
586 |
684 |
666 |
677 |
686 |
|
Fees and fines |
1 360 |
1 518 |
1 547 |
1 569 |
1 600 |
|
Interest |
20 |
21 |
22 |
22 |
22 |
|
Total revenue |
3 529 |
3 944 |
3 677 |
3 660 |
3 700 |
|
Total income |
3 529 |
3 944 |
3 677 |
3 660 |
3 700 |
|
|
|
|
|
|
|
|
Expenses |
|
|
|
|
|
|
Employee benefits |
2 272 |
2 265 |
2 310 |
2 356 |
2 403 |
|
Depreciation and amortisation |
229 |
229 |
237 |
243 |
246 |
|
Supplies and consumables |
1 276 |
1 342 |
1 297 |
1 282 |
1 291 |
|
Total expenses |
3 777 |
3 836 |
3 844 |
3 881 |
3 940 |
|
|
|
|
|
|
|
|
Net result |
(248) |
108 |
(167) |
(221) |
(240) |
|
|
|
|
|
|
|
|
Comprehensive result |
(248) |
108 |
(167) |
(221) |
(240) |
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|
|
|
|
|
|
Note:
1. The variation in Grants reflects additional funding for 2021 election commitments and the completion of fixed‑term funding for 2020‑21 Budget initiatives.
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|
2021 |
2022 |
2023 |
2024 |
2025 |
|
|
|
|
Forward |
Forward |
Forward |
|
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
Financial assets |
|
|
|
|
|
|
Cash and deposits1 |
1 497 |
1 078 |
963 |
797 |
620 |
|
Investments1 |
.... |
572 |
572 |
572 |
572 |
|
Receivables |
157 |
119 |
140 |
93 |
90 |
|
|
1 654 |
1 769 |
1 675 |
1 462 |
1 282 |
|
|
|
|
|
|
|
|
Non‑financial assets |
|
|
|
|
|
|
Property, plant and equipment |
3 701 |
3 477 |
3 278 |
3 002 |
2 690 |
|
Infrastructure2 |
1 017 |
1 146 |
1 210 |
1 491 |
1 772 |
|
Investment property |
3 200 |
3 200 |
3 250 |
3 250 |
3 250 |
|
|
7 918 |
7 823 |
7 738 |
7 743 |
7 712 |
|
|
|
|
|
|
|
|
Total assets |
9 572 |
9 592 |
9 413 |
9 205 |
8 994 |
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
Payables |
23 |
55 |
37 |
43 |
67 |
|
Employee benefits |
667 |
780 |
786 |
793 |
798 |
|
Total liabilities |
690 |
835 |
823 |
836 |
865 |
|
|
|
|
|
|
|
|
Net assets (liabilities) |
8 882 |
8 757 |
8 590 |
8 369 |
8 129 |
|
|
|
|
|
|
|
|
Equity |
|
|
|
|
|
|
Reserves |
2 904 |
2 754 |
2 754 |
2 754 |
2 754 |
|
Accumulated funds |
2 778 |
2 803 |
2 636 |
2 415 |
2 175 |
|
Other Equity |
3 200 |
3 200 |
3 200 |
3 200 |
3 200 |
|
Total equity |
8 882 |
8 757 |
8 590 |
8 369 |
8 129 |
|
|
|
|
|
|
|
Notes:
1. The variation in Cash and deposits and Investments reflects alignment with classifications in IFS’s 2019‑20 financial statements.
2. The increase in Infrastructure reflects the 2021 election commitment to provide new and upgraded facilities.
|
|
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 |
|
|
|
|
|
|
Grants |
1 563 |
1 721 |
1 442 |
1 392 |
1 392 |
|
Sales of goods and services |
586 |
684 |
666 |
677 |
686 |
|
Fees and fines |
1 360 |
1 518 |
1 547 |
1 569 |
1 600 |
|
GST receipts |
58 |
129 |
127 |
124 |
130 |
|
Interest received |
20 |
21 |
22 |
22 |
22 |
|
Total cash inflows |
3 587 |
4 073 |
3 804 |
3 784 |
3 830 |
|
|
|
|
|
|
|
|
Cash outflows |
|
|
|
|
|
|
Employee benefits |
(2 065) |
(2 053) |
(2 094) |
(2 135) |
(2 178) |
|
Superannuation |
(207) |
(212) |
(216) |
(221) |
(225) |
|
GST payments |
(110) |
(63) |
(62) |
(62) |
(63) |
|
Supplies and consumables |
(1 224) |
(1 342) |
(1 297) |
(1 282) |
(1 291) |
|
Total cash outflows |
(3 606) |
(3 670) |
(3 669) |
(3 700) |
(3 757) |
|
|
|
|
|
|
|
|
Net cash from (used by) operating activities |
(19) |
403 |
135 |
84 |
73 |
|
|
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
|
Payments for acquisition of non‑financial assets |
(200) |
(250) |
(250) |
(250) |
(250) |
|
Net cash from (used by) investing activities |
(200) |
(250) |
(250) |
(250) |
(250) |
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents held |
(219) |
153 |
(115) |
(166) |
(177) |
|
|
|
|
|
|
|
|
Cash and deposits at the beginning of the reporting period |
1 716 |
925 |
1 078 |
963 |
797 |
|
Cash and deposits at the end of the reporting period |
1 497 |
1 078 |
963 |
797 |
620 |
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