Marine and Safety Tasmania seeks to be widely recognised as a proactive, approachable and knowledgeable organisation that performs the functions required under the Marine and Safety Authority Act 1997. These functions are to:
· ensure the safe operation of vessels;
· provide and manage marine facilities;
· manage environmental issues relating to vessels; and
· perform the functions delegated to the Authority by the National Regulator.
The responsible Minister is the Minister for Infrastructure and Transport, Hon Michael Ferguson MP, and the supporting agency is the Department of State Growth.
This chapter provides MAST’s financial information for 2021‑22 and over the Forward Estimates (2022‑23 to 2024‑25). Further information on MAST is provided at www.mast.tas.gov.au.
Table 24.1 provides a summary of the Budget and Forward Estimates allocations for key deliverables being undertaken by the Authority.
|
|
2021‑22
Budget |
2022‑23 Forward Estimate |
2023‑24 Forward Estimate |
2024‑25 Forward Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
|
Election Commitments |
|
|
|
|
|
Bridport Foreshore |
5 000 |
…. |
…. |
…. |
|
Flinders Island Boat Ramp and Upgrade |
120 |
…. |
…. |
…. |
|
|
|
|
|
|
|
Other Initiatives |
|
|
|
|
|
Cygnet Jetty |
300 |
…. |
…. |
…. |
|
|
|
|
|
|
In 2018, the Tasmanian Government committed $250 000 to develop a community‑led master plan for the Bridport foreshore, seeking recommendations in relation to future infrastructure upgrades to support the growing number of recreational fishers, boaters and beachgoers.
This initiative will deliver the first stage of proposed upgrades including an upgrade of the existing boat ramp to enable greater tide access, construction of a public jetty with a low landing and wave attenuating fenders to enable safe boarding of boats, and the inclusion of a wave screen attached to the jetty to attenuate wave action in the landing area.
This initiative will also provide for detailed environmental and engineering studies to inform further development of a potential future new river entrance and port expansion.
This initiative will enable the construction of an additional boat ramp on Flinders Island and upgrades to existing ramps where necessary.
The replacement of the Cygnet Jetty will be completed in 2021‑22. The jetty is used extensively by recreational and commercial vessels servicing over 250 vessels that are moored in Cygnet. This funding is in addition to $450 000 provided to MAST by the Government in 2019‑20 and 2020‑21.
|
|
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 |
3 627 |
8 672 |
1 340 |
1 367 |
1 394 |
|
Sales of goods and services2 |
5 186 |
4 912 |
3 818 |
6 015 |
5 198 |
|
Interest |
54 |
24 |
75 |
75 |
75 |
|
Total revenue |
8 867 |
13 608 |
5 233 |
7 457 |
6 667 |
|
Net gain/(loss) on non‑financial assets3 |
(790) |
(764) |
.... |
.... |
.... |
|
Total income |
8 077 |
12 844 |
5 233 |
7 457 |
6 667 |
|
|
|
|
|
|
|
|
Expenses |
|
|
|
|
|
|
Employee benefits |
1 908 |
2 009 |
2 048 |
2 090 |
2 131 |
|
Depreciation and amortisation |
1 426 |
1 393 |
1 343 |
1 328 |
1 292 |
|
Supplies and consumables |
7 387 |
5 796 |
4 160 |
4 382 |
4 356 |
|
Grants and subsidies1 |
.... |
5 300 |
.... |
.... |
.... |
|
Total expenses |
10 721 |
14 498 |
7 551 |
7 800 |
7 779 |
|
|
|
|
|
|
|
|
Net result |
(2 644) |
(1 654) |
(2 318) |
(343) |
(1 112) |
|
|
|
|
|
|
|
|
Comprehensive result |
(2 644) |
(1 654) |
(2 318) |
(343) |
(1 112) |
|
|
|
|
|
|
|
Notes:
1. The increase in Grants, and Grants and subsidies in 2021‑22 reflects additional funding and associated expenditure for 2021 election commitments.
2. The variation in Sales of goods and services largely reflects the timing of recreational boating license renewals, which occur every three years.
3. The Net loss on non-financial assets reflects the transfer of the Binalong Bay Breakwater to the Break O’Day Council on completion of the construction warranty period.
|
|
2021 |
2022 |
2023 |
2024 |
2025 |
|
|
|
|
Forward |
Forward |
Forward |
|
|
Budget |
Budget |
Estimate |
Estimate |
Estimate |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
$'000 |
|
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
Financial assets |
|
|
|
|
|
|
Cash and deposits1 |
4 845 |
5 014 |
3 887 |
4 714 |
4 758 |
|
Receivables |
267 |
237 |
260 |
272 |
244 |
|
|
5 112 |
5 251 |
4 147 |
4 986 |
5 002 |
|
|
|
|
|
|
|
|
Non-financial assets |
|
|
|
|
|
|
Property, plant and equipment2 |
189 |
185 |
86 |
49 |
37 |
|
Infrastructure3 |
31 101 |
30 103 |
28 989 |
27 873 |
26 765 |
|
Other assets |
37 |
3 |
.... |
477 |
294 |
|
|
31 327 |
30 291 |
29 075 |
28 399 |
27 096 |
|
|
|
|
|
|
|
|
Total assets |
36 439 |
35 542 |
33 222 |
33 385 |
32 098 |
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
Payables4 |
572 |
404 |
402 |
996 |
831 |
|
Employee benefits |
611 |
592 |
592 |
504 |
494 |
|
Total liabilities |
1 183 |
996 |
994 |
1 500 |
1 325 |
|
|
|
|
|
|
|
|
Net assets (liabilities) |
35 256 |
34 546 |
32 228 |
31 885 |
30 773 |
|
|
|
|
|
|
|
|
Equity |
|
|
|
|
|
|
Reserves |
20 888 |
21 258 |
21 258 |
21 258 |
21 258 |
|
Accumulated funds |
4 429 |
3 349 |
1 031 |
688 |
(424) |
|
Other Equity |
9 939 |
9 939 |
9 939 |
9 939 |
9 939 |
|
Total equity |
35 256 |
34 546 |
32 228 |
31 885 |
30 773 |
|
|
|
|
|
|
|
Notes:
1. The variation in Cash and deposits primarily reflects the impact of the receipt of triennial licence renewal income.
2. The decrease in Property, plant and equipment primarily reflects a decrease in right of use assets for various MAST office leases.
3. The decrease in Infrastructure in 2023 reflects the transfer of Binalong Bay Breakwater to the Break O’Day Council, partially offset by the estimated completion of the Cygnet Jetty and the Flinders Island Boat Ramp and Upgrade initiatives.
4. The increase in Payables in 2024 reflects the estimated timing of creditor payments for budgeted project works.
|
|
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 |
3 627 |
8 672 |
1 340 |
1 367 |
1 394 |
|
Sales of goods and services |
5 186 |
4 912 |
3 818 |
6 015 |
5 198 |
|
GST receipts |
811 |
640 |
416 |
438 |
436 |
|
Interest received |
54 |
24 |
75 |
75 |
75 |
|
Total cash inflows |
9 678 |
14 248 |
5 649 |
7 895 |
7 103 |
|
|
|
|
|
|
|
|
Cash outflows |
|
|
|
|
|
|
Employee benefits |
(1 743) |
(1 827) |
(1 863) |
(1 901) |
(1 939) |
|
Superannuation |
(165) |
(182) |
(185) |
(189) |
(192) |
|
GST payments |
(737) |
(581) |
(378) |
(398) |
(396) |
|
Grants and subsidies |
.... |
(5 300) |
.... |
.... |
.... |
|
Supplies and consumables |
(7 662) |
(5 796) |
(4 160) |
(4 382) |
(4 356) |
|
Total cash outflows |
(10 307) |
(13 686) |
(6 586) |
(6 870) |
(6 883) |
|
|
|
|
|
|
|
|
Net cash from (used by) operating activities |
(629) |
562 |
(937) |
1 025 |
220 |
|
|
|
|
|
|
|
|
Cash flows from investing activities |
|
|
|
|
|
|
Payments for acquisition of non-financial assets1 |
(624) |
(720) |
.... |
.... |
.... |
|
Net cash from (used by) investing activities |
(624) |
(720) |
.... |
.... |
.... |
|
|
|
|
|
|
|
|
Cash flows from financing activities |
|
|
|
|
|
|
Net borrowings |
.... |
(131) |
(190) |
(198) |
(176) |
|
Net cash from (used by) financing activities |
.... |
(131) |
(190) |
(198) |
(176) |
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents held |
(1 253) |
(289) |
(1 127) |
827 |
44 |
|
|
|
|
|
|
|
|
Cash and deposits at the beginning of the reporting period |
6 098 |
5 303 |
5 014 |
3 887 |
4 714 |
|
Cash and deposits at the end of the reporting period |
4 845 |
5 014 |
3 887 |
4 714 |
4 758 |
|
|
|
|
|
|
|
Note:
1. The increase in Payments for acquisition of non-financial assets relates to the replacement of the Cygnet Jetty and Flinders Island Boat Ramp and Upgrade initiatives.