25    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 recreational and commercial vessels;

·       provide and manage marine facilities;

·       manage environmental issues relating to vessels; and

·       perform the functions delegated to the Authority by the Australian Maritime Safety Authority.

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 2022‑23 and over the Forward Estimates (2023‑24 to 2025‑26). Further information on MAST is provided at www.mast.tas.gov.au.


 

Key Deliverables

Bridport Foreshore

MAST will continue to deliver the 2021‑22 Budget initiative to upgrade the Bridport Foreshore infrastructure to support the growing number of recreational fishers, boaters and beachgoers.

The upgrades include improvement to 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 inclusion of a wave screen attached to the jetty to attenuate wave action in the landing area.

Detailed environmental and engineering studies will also be undertaken to inform further development of a potential future new river entrance and port expansion.


Detailed Budget Statements

Table 25.1:       Statement of Comprehensive Income

 

2021‑22 

2022‑23 

2023‑24 

2024‑25 

2025‑26 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Revenue and other income

 

 

 

 

 

Grants1

8 672 

1 345 

1 384 

1 413 

1 448 

Sales of goods and services2

4 912 

3 600 

5 960 

5 126 

3 993 

Interest

24 

25 

25 

25 

25 

Total revenue

13 608 

4 970 

7 369 

6 564 

5 466 

Net gain/(loss) on non‑financial assets3

(764)

(763)

.... 

.... 

.... 

Total income

12 844 

4 207 

7 369 

6 564 

5 466 

 

 

 

 

 

 

Expenses

 

 

 

 

 

Employee benefits

2 009 

2 101 

2 144 

2 187 

2 231 

Depreciation and amortisation

1 393 

1 408 

1 383 

1 338 

1 303 

Supplies and consumables

5 796 

3 887 

4 202 

4 162 

4 211 

Grants and subsidies4

5 300 

2 000 

2 000 

.... 

.... 

Total expenses

14 498 

9 396 

9 729 

7 687 

7 745 

 

 

 

 

 

 

Net result

(1 654)

(5 189)

(2 360)

(1 123)

(2 279)

 

 

 

 

 

 

Comprehensive result

(1 654)

(5 189)

(2 360)

(1 123)

(2 279)

 

 

 

 

 

 

Notes:

1.    The variation in Grants primarily reflects the provision of additional funding of $5 million in 2021‑22 for the Bridport Foreshore initiative.

2.    The variation in Sales of goods and services primarily reflects timing of renewals for recreational boating licenses, 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. The transfer, originally budgeted to occur in 2021‑22, is now planned for 2022‑23.

4.    The variation in Grants and subsidies reflects the revised expenditure profile for completion of the Bridport Foreshore infrastructure upgrades.


5.     

Table 25.2:       Statement of Financial Position as at 30 June

 

2022 

2023 

2024 

2025 

2026 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Assets

 

 

 

 

 

Financial assets

 

 

 

 

 

Cash and deposits1

5 014 

7 007 

5 962 

6 031 

4 922 

Receivables

237 

86 

95 

90 

90 

 

5 251 

7 093 

6 057 

6 121 

5 012 

 

 

 

 

 

 

Non‑financial assets

 

 

 

 

 

Property, plant and equipment2

185 

157 

115 

98 

92 

Infrastructure

30 103 

32 781 

31 588 

30 409 

29 252 

Other assets

129 

780 

636 

504 

 

30 291 

33 067 

32 483 

31 143 

29 848 

 

 

 

 

 

 

Total assets

35 542 

40 160 

38 540 

37 264 

34 860 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Payables3

404 

287 

1 085 

919 

847 

Employee benefits

592 

735 

677 

690 

637 

Total liabilities

996 

1 022 

1 762 

1 609 

1 484 

 

 

 

 

 

 

Net assets (liabilities)

34 546 

39 138 

36 778 

35 655 

33 376 

 

 

 

 

 

 

Equity

 

 

 

 

 

Reserves

21 258 

24 936 

24 936 

24 936 

24 936 

Accumulated funds

3 349 

4 263 

1 903 

780 

(1 499)

Other Equity

9 939 

9 939 

9 939 

9 939 

9 939 

Total equity

34 546 

39 138 

36 778 

35 655 

33 376 

 

 

 

 

 

 

Notes:

1.    The variation in Cash and deposits primarily reflects the impact of the receipt of triennial licence renewal income and the timing of expenditure for the Bridport Foreshore initiative.

2.    The decrease in Property, plant and equipment primarily reflects a decrease in right of use assets for various MAST office leases.

3.    The increase in Payables in 2024 reflects the estimated timing of creditor payments for budgeted project works.


4.     

Table 25.3:       Statement of Cash Flows

 

2021‑22 

2022‑23 

2023‑24 

2024‑25 

2025‑26 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Cash flows from operating activities

 

 

 

 

 

Cash inflows

 

 

 

 

 

Grants

8 672 

1 345 

1 384 

1 413 

1 448 

Sales of goods and services

4 912 

3 600 

5 960 

5 126 

3 993 

GST receipts

640 

410 

509 

496 

518 

Interest received

24 

25 

25 

25 

25 

Total cash inflows

14 248 

5 380 

7 878 

7 060 

5 984 

 

 

 

 

 

 

Cash outflows

 

 

 

 

 

Employee benefits

(1 827)

(1 910)

(1 949)

(1 988)

(2 028)

Superannuation

(182)

(191)

(195)

(199)

(203)

GST payments

(581)

(398)

(295)

(415)

(441)

Grants and subsidies

(5 300)

(2 000)

(2 000)

.... 

.... 

Supplies and consumables

(5 796)

(3 985)

(4 286)

(4 213)

(4 245)

Total cash outflows

(13 686)

(8 484)

(8 725)

(6 815)

(6 917)

 

 

 

 

 

 

Net cash from (used by) operating activities

562 

(3 104)

(847)

245 

(933)

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

Payments for acquisition of non‑financial assets1

(720)

.... 

.... 

.... 

.... 

Net cash from (used by) investing activities

(720)

.... 

.... 

.... 

.... 

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

Net borrowings

(131)

(190)

(198)

(176)

(176)

Net cash from (used by) financing activities

(131)

(190)

(198)

(176)

(176)

 

 

 

 

 

 

Net increase (decrease) in cash and cash equivalents held

(289)

(3 294)

(1 045)

69 

(1 109)

 

 

 

 

 

 

Cash and deposits at the beginning of the reporting period

5 303 

10 301 

7 007 

5 962 

6 031 

Cash and deposits at the end of the reporting period

5 014 

7 007 

5 962 

6 031 

4 922 

 

 

 

 

 

 

Note:

1.     The decrease in Payments for acquisition of non‑financial assets primarily reflects the completion of jetty upgrades including replacement of the Cygnet Jetty.