24    Marine and Safety Tasmania

Authority Outline

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.

Key Deliverables

Table 24.1 provides a summary of the Budget and Forward Estimates allocations for key deliverables being undertaken by the Authority.

Table 24.1:       Key Deliverables Statement

 

2021‑22

 

Budget

2022‑23

Forward

Estimate

2023‑24

Forward

Estimate

2024‑25

Forward

Estimate

 

$'000

$'000

$'000

$'000

 

 

 

 

 

Election Commitments

 

 

 

 

Bridport Foreshore

5 000

….

….

….

Flinders Island Boat Ramp and Upgrade

120

….

….

….

 

 

 

 

 

Other Initiatives

 

 

 

 

Cygnet Jetty

300

….

….

….

 

 

 

 

 


 

Election Commitments

Bridport Foreshore

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.

Flinders Island Boat Ramp and Upgrade

This initiative will enable the construction of an additional boat ramp on Flinders Island and upgrades to existing ramps where necessary.

Other Initiatives

Cygnet Jetty

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.


Detailed Budget Statements

Table 24.2:       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

 

 

 

 

 

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.


 

Table 24.3:       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 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 

.... 

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.


 

Table 24.4:       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

 

 

 

 

 

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.