5     General Government Revenue

Key Issues

·       Total General Government Sector revenue is expected to be $8 422.2 million in 2023‑24, an increase of $574.0 million compared to the 2022‑23 Budget.

·       In addition, there is a material increase in Total General Government Sector revenue in the 2022‑23 Estimated Outcome compared to the 2022‑23 Budget, primarily driven by an additional $553.0 million in GST revenue. This increase is the result of the following key impacts:

-      a residual adjustment of $185.8 million paid in 2022‑23 for GST revenue underpaid to the State in 2021‑22;

-      the Australian Government increasing its forecast of the GST pool for 2022‑23 in its October 2022 Budget, compared to the March 2022 Australian Government Budget; and

-      an increase in Tasmanias share of the 2022‑23 national population following the 2021 Census.

·       From 2023‑24 to 2026‑27, revenue is forecast to grow by $364.1 million (or by a compound annual growth rate of 1.4 per cent). While the revenue outlook for 2023‑24 and across the Forward Estimates is positive, there has been a softening in some revenue lines since the 2022‑23 Budget, and in the case of GST, since the Revised Estimates Report 2022‑23.  When compared to the 2022‑23 Revised Estimates Report, GST has reduced by $898.7 million across the period 2022-23 to 2025-26.

·       Key components of General Government Sector revenue in 2023‑24 include:

-      GST revenue, which is estimated to be $3 522.1 million, an increase of $396.5 million from the 2022‑23 Budget of $3 125.6 million;

-      Australian Government Payments for Specific Purposes, which are estimated to be $2 050.7 million, an increase of $135.6 million from the 2022‑23 Budget of $1 915.1 million; and

-      Taxation revenue, which is estimated to be $1 684.5 million, an increase of $71.2 million from the 2022‑23 Budget of $1 613.3 million.

·       Tasmania’s share of revenue from Grants, including GST revenue and Australian Government Payments for Specific Purposes, equates to 66.7 per cent of Total General Government Sector revenue in 2023-24.


 

Total Revenue

This chapter provides an overview of Revenue for the 2023‑24 Budget and Forward Estimates including the 2022‑23 Estimated Outcome. Table 5.1 lists the major General Government Sector revenue sources.

Table 5.1:         General Government Sector Revenue

 

2022‑23 

2022‑23 

2023‑24 

2024‑25 

2025‑26 

2026‑27 

 

 

Estimated 

 

Forward 

Forward 

Forward 

 

Budget 

Outcome 

Budget 

Estimate 

Estimate 

Estimate 

 

$m 

$m 

$m 

$m 

$m 

$m 

 

 

 

 

 

 

 

Revenue from transactions

 

 

 

 

 

 

GST Revenue

3 125.6

3 678.6

3 522.1

3 540.7

3 644.0

3 810.4

Other Australian Government Payments

1 973.9

2 047.2

2 096.9

2 104.2

1 934.3

1 874.8

Taxation

1 613.3

1 611.6

1 684.5

1 762.3

1 848.3

1 934.2

Sales of goods and services

451.1

430.6

418.7

431.4

437.6

444.1

Fines and regulatory fees

111.2

120.5

126.4

134.9

136.4

126.4

Interest income

29.2

54.7

74.6

68.2

73.0

72.2

Dividend, tax and rate equivalent income

336.2

342.7

302.8

361.8

384.8

319.5

Other revenue

207.8

254.1

196.4

196.0

196.3

204.6

 

7 848.2

8 540.0

8 422.2

8 599.4

8 654.7

8 786.3

 

 

 

 

 

 

 

 

Tasmania’s most significant source of funding is payments from the Australian Government, including GST revenue and Australian Government Payments for Specific Purposes, which comprise 66.7 per cent of total revenue in 2023‑24. State Own‑Source revenue accounts for 33.3 per cent of total revenue.

Chart 5.1 shows the composition of Total General Government Sector revenue over the period 2019‑20 to 2026‑27.

Major revenue risks are discussed in chapter 1 of this Budget Paper. The variances in revenue items are outlined in the Policy and Parameter Statement in chapter 4 of this Budget Paper.


 

Chart 5.1:         Composition of Total Revenue, 2019‑20 to 2026‑271

Notes:

1.    Data reflects actual outcomes for 2019‑20 to 2021‑22 and the Estimated Outcome for 2022‑23.

2.    Other Australian Government Grants includes Specific Purpose Payments and National Partnership Payments.

3.    Other includes: Sales of goods and services; Fines and regulatory fees; Interest income; Dividend, tax and rate equivalent income; and Other revenue.


 

Grants

Grants primarily reflect funding payments to the State from the Australian Government and are estimated to be $619.0 million in 2023‑24.

Table 5.2:         Grants1

 

2022‑23

2022‑23

2023‑24

2024‑25

2025‑26

2026‑27

 

 

Estimated

 

Forward

Forward

Forward

 

Budget

Outcome

Budget

Estimate

Estimate

Estimate

 

$m

$m

$m

$m

$m

$m

 

 

 

 

 

 

 

Untied Funding (General Purpose Payments)

GST Revenue

3 125.6

3 678.6

3 522.1

3 540.7

3 644.0

3 810.4

 

 

 

 

 

 

 

Tied Funding (Payments for Specific Purposes)

Specific Purpose Payments2

1 221.4

1 278.1

1 297.4

1 360.1

1 410.5

1 416.4

National Partnership Payments

693.8

708.8

753.4

702.4

483.4

417.9

Total Tied Funding

1 915.1

1 986.9

2 050.7

2 062.5

1 893.9

1 834.3

 

 

 

 

 

 

 

Other Grants and Subsidies3

58.7

60.3

46.1

41.7

40.4

40.5

Total Grants

5 099.5

5 725.8

5 619.0

5 644.9

5 578.3

5 685.2

 

 

 

 

 

 

 

Notes:

1.    The funding impacts of the Australian Government’s 2023‑24 Budget have not been reflected in the 2023‑24 State Budget due to the release dates of each Budget.

2.    Specific Purpose Payments include the National Health Reform Agreement, the National School Reform Agreement (Quality Schools, Quality Outcomes), the National Housing and Homelessness Agreement and the National Skills and Workforce Development Specific Purpose Payment.

3.    Other Grants and Subsidies primarily relates to payments to the State for Commonwealth Own Purpose Expenditure.

 

Payments from the Australian Government are governed by the Intergovernmental Agreement on Federal Financial Relations and consist of untied and tied funding.

Untied funding can be used for general purposes and at the State’s discretion. The GST is the only untied funding, or General Purpose Payment, received by Tasmania in 2023‑24.

Tied funding must be used for specific purposes as agreed with the Australian Government. Tied funding includes Specific Purpose Payments for ongoing funding agreements and National Partnership Payments for time‑limited payments.

The Australian Government also provides payments directly to State agencies through Commonwealth Own Purpose Expenditure. Most of these payments will be made to the Department of Health in 2023‑24.


 

GST Revenue

GST revenue is the largest single source of revenue for Tasmania representing 41.8 per cent of Total General Government Sector Revenue in 2023‑24.

In accordance with the Intergovernmental Agreement on Federal Financial Relations, all GST revenue collected by the Australian Government is distributed amongst the states and territories. Each jurisdiction’s GST entitlement is dependent on three factors: national GST collections (the GST pool), the State’s relativity and the State’s share of the national population.

For the 2023‑24 Budget, Treasury has continued to use its own financial model to forecast GST revenues. The model incorporates the latest Commonwealth Grants Commission assessments and recommended relativities, Australian Government forecasts of the GST pool and state and territory populations (as detailed in the 2022‑23 Australian Government Budget) and states’ and territories’ own source revenue estimates.

Table 5.3 shows estimates for the national GST pool collections, Tasmania’s relativity forecasts and Tasmania’s GST revenue estimates.

Table 5.3:         Tasmanian GST Revenue Estimates

 

2022‑23

2022‑23

2023‑24

2024‑25

2025‑26

2026‑27

 

Budget

Estimated Outcome

Budget

Forward Estimate

Forward Estimate

Forward Estimate

 

 

 

 

 

 

 

National GST Pool Collections ($m)1

80 005

83 122

86 248

89 048

93 305

97 764

Tasmania’s Relativity2

1.8536

1.8536

1.7908

1.7580

1.7550

1.7466

Tasmania’s GST share (%)3

3.91

4.10

3.95

3.87

3.85

3.83

Tasmania’s GST revenue ($m)4,5,6

3 125.6

3 678.6

3 522.1

3 540.7

3 644.0

3 810.4

 

 

 

 

 

 

 

Notes:

1.    This uses 2022-23 Australian Government Budget GST pool forecasts. Pool growth for 2026-27 is based on the Australian Government Budget pool growth rates for 2025-26.

2.    The 2022‑23 Estimated Outcome and the 2023‑24 Budget are actual relativities recommended by the Commonwealth Grants Commission. The relativities across the Forward Estimates are Tasmanian Treasury forecasts.

3.    GST shares have been calculated excluding the residual adjustment and guarantee payments.

4.    The 2022‑23 Estimated Outcome includes a positive $185.8 million residual adjustment for GST revenue underpaid to Tasmania in 2021‑22.

5.    A residual adjustment for 2022‑23 will be recognised in 2023‑24 once the Australian Government has published 2022‑23 actual GST collections in its Final Budget Outcome.

6.    Tasmania’s GST revenue includes forecast no‑worse‑off guarantee payments of $88.5 million in 2022‑23, $113.1 million in 2023‑24, $94.8 million in 2024‑25, $47.6 million in 2025‑26 and $68.5 million in 2026‑27.

 

GST payments to Tasmania are expected to be $3 522.1 million in 2023‑24.

Since the 2022‑23 Budget, GST revenue to Tasmania has increased by $991.5 million over the four years from 2022‑23 to 2025‑26. Chart 5.2 compares the 2023‑24 Budget forecasts to the 2022‑23 Budget forecasts.


 

Chart 5.2:         GST Revenue to Tasmania, 2017‑18 to 2026‑27

Notes:

1.    GST revenue to Tasmania includes a positive $185.8 million residual adjustment for underpaid GST revenue to Tasmania in 2021‑22.

2.    The 2023‑24 Budget includes the 2022‑23 Estimated Outcome for GST revenue.

3.    The 2023‑24 Budget includes forecast no‑worse‑off guarantee payments of $88.5 million in 2022‑23, $113.1 million in 2023‑24, $94.8 million in 2024‑25, $47.6 million in 2025‑26 and $68.5 million in 2026‑27.

4.    A residual adjustment for 2022‑23 will be recognised in 2023‑24 once the Australian Government has finalised its 2022‑23 actual GST collections.

 

The increase in GST revenue compared to the 2022‑23 Budget largely reflects the combined impacts of:

·       Tasmania’s forecast share of the national population increasing following the release of the 2021 Census population data; and

·       the Australian Government increasing its forecast of the GST pool in the 2022‑23 October Budget, compared to the 2022‑23 March Budget.

These impacts, together with a residual adjustment of $185.8 million in 2022‑23 for GST revenue underpaid to the State in 2021‑22, were also reflected in the 2022‑23 Revised Estimates Report.

The Commonwealth Grants Commission subsequently released its 2023 Update Report in February 2023 which resulted in Tasmania’s relativity reducing from 1.8536 in 2022‑23 to 1.7908 in 2023‑24. This reduced Tasmania’s share of the GST pool from 4.1 per cent to 3.95 per cent.

Therefore, while GST revenue has increased relative to the 2022‑23 Budget, when compared to the 2022‑23 Revised Estimates Report GST has reduced by $898.7 million across the period 2022-23 to 2025-26.

Chart 5.3 illustrates Tasmania’s relativities since the introduction of the GST. The chart shows that, based on currently available data, Tasmania’s GST relativity is forecast to continue to decline over the Forward Estimates.

Chapter 1 provides further information regarding risks to GST Revenue.


 

Chart 5.3:         Tasmanian GST Relativities, 2000‑01 to 2026‑271,2

Notes:

1.    Commonwealth Grants Commission calculation of relativities is prepared on a consistent basis, with healthcare grants (pre 2009‑10) treated by inclusion.

2.    Relativities from 2021‑22 reflect the transition to the new GST distribution arrangements.

New GST Arrangements

In addition to the inherent volatility in GST revenue, which can be impacted materially by changes in the GST Pool, the State’s relativity or its share of the national population, there is significant additional risk to Tasmania’s GST revenue as a result of the new GST distribution arrangements.

The Australian Government legislated a new way of distributing GST revenue among states and territories in 2018. Prior to the new arrangements, GST revenue was distributed on the basis of full Horizontal Fiscal Equalisation. Full HFE ensures that all states and territories have a similar fiscal capacity to deliver services and infrastructure to their residents to the same standard as any other state or territory, provided they make a similar revenue raising effort.

In 2021‑22, GST distribution transitioned to a lesser standard of HFE to reflect the new arrangements, with the changes to be progressively implemented over six years. The new GST arrangements move from the principle of equalising a state’s fiscal capacity to the level of the strongest state, currently Western Australia, to equalising to the fiscal capacity of the second highest jurisdiction (effectively the higher of New South Wales or Victoria).

For Tasmania, the new distribution methodology will reduce GST revenue over the Forward Estimates. This forecast reduction has been temporarily offset by the Australian Government’s no‑worse‑off guarantee, which ensures that no state will be worse off in total under the new distribution arrangements during the transition period up to 2026‑27.

No‑worse‑off guarantee payments are paid in the same year a state is recognised as being worse off under the new distribution arrangements and are reduced by any benefit a state has received under the new arrangements in previous periods.

Under the new GST distribution arrangements, Tasmania is expected to receive no‑worse‑off guarantee payments of $324 million in total over the Budget and Forward Estimates. With the guarantee currently due to expire in 2026‑27, Tasmania could be worse off by around $75 million in 2027‑28, based on current modelling.

Tasmania has consistently argued that the risk of being worse off under the new arrangements will be ongoing and therefore the no‑worse‑off guarantee should be a permanent arrangement.

Tasmania will continue to advocate for a system that distributes GST equitably across the states, in accordance with full HFE. This includes making the no‑worse‑off guarantee a permanent feature of distribution arrangements to ensure that Tasmania continues to receive its fair share of GST revenue and can provide essential services such as health, education and emergency services.


 

Commonwealth Payments for Specific Purposes

Specific Purpose Payments

Specific Purpose Payments are an ongoing funding arrangement between the Australian Government and the states and territories for service delivery in a particular sector. These include the National Health Reform Agreement, the National School Reform Agreement (Quality Schools, Quality Outcomes), the National Housing and Homelessness Agreement and the National Skills and Workforce Development SPP.

In 2023‑24, Tasmania will receive an estimated $1 297.4 million in SPPs. The estimates throughout the 2023‑24 Budget and Forward Estimates are generally consistent with those published in the 2022‑23 Budget.

National Partnership Payments

National Partnership Payments are usually time‑limited payments made to states and territories. Under the terms of the new Federation Funding Agreements architecture agreed by National Cabinet in 2020, NPPs fall under one of five sectoral Federation Funding Agreements, which cover: health; education and skills; infrastructure; environment; and affordable housing, community services and other services. Funding received under NPPs is tied to supporting the delivery of projects, facilitating reforms within the State and/or recognising the State’s delivery of national reforms.

In 2023‑24, NPPs for Tasmania will be an estimated $753.4 million.

Table 5.4 details the Payments for Specific Purposes for Tasmania in 2023‑24 and over the Forward Estimates.

Table 5.4:         Commonwealth Payments for Specific Purposes1

 

2022‑23

2022‑23

2023‑24

2024‑25

2025‑26

2026‑27

 

Estimated

Forward

Forward

Forward

 

Budget

Outcome

Budget

Estimate

Estimate

Estimate

 

$m

$m

$m

$m

$m

$m

Specific Purpose Payments

 

 

 

 

 

Health

 

 

 

 

 

 

National Health Reform Agreement

 527.3

 573.0

 561.6

 598.1

 625.0

 624.9

 

 

 

 

 

 

Education

Quality Schools, Quality Outcomes ‑ Government Schools

 237.3

 237.9

 245.8

 253.3

 260.3

 260.3

Quality Schools, Quality Outcomes ‑ Non‑Government Schools

 387.8

 394.1

 416.8

 434.3

 449.6

 460.0

Total Education Specific Purpose Payments

 625.1

 632.0

 662.6

 687.6

 709.9

 720.3

National Agreement for Skills and Workforce Development

 33.4

 35.7

 36.8

 37.5

 38.0

 33.6

Table 5.4:         Commonwealth Payments for Specific Purposes1 (continued)

 

2022‑23 

2022‑23 

2023‑24 

2024‑25 

2025‑26 

2026‑27 

 

Estimated 

Forward 

Forward 

Forward 

 

Budget 

Outcome 

Budget 

Estimate 

Estimate 

Estimate 

 

$m 

$m 

$m 

$m 

$m 

$m 

National Housing and Homelessness Agreement

 35.6 

 37.4 

 36.4 

 37.0 

 37.6 

 37.6 

Total Specific Purpose Payments

1 221.4 

1 278.1 

1 297.4 

1 360.1 

1 410.5 

1 416.4 

 

 

 

 

 

 

National Partnership Payments2

Health

Community Health and Hospitals Program

 23.4 

 30.8 

 11.4 

 19.2 

.... 

.... 

COVID‑19 Response

.... 

 42.0 

.... 

.... 

.... 

.... 

Essential Vaccines

 2.0 

 2.5 

 2.1 

 1.2 

.... 

.... 

Public Dental Services for Adults

.... 

 2.0 

.... 

.... 

.... 

.... 

Redevelopment of the Royal Hobart Hospital

.... 

 2.2 

 2.5 

.... 

.... 

.... 

Other3

 2.1 

 10.1 

 5.1 

 4.6 

 2.1 

 0.9 

Total Health National Partnerships

 27.5 

89.6 

 21.1 

 24.9 

 2.1 

 0.9 

Education

National Student Wellbeing Program

 2.2 

 2.6 

 2.2 

 2.2 

 2.2 

 2.2 

Preschool Reform Agreement4

.... 

 16.5 

 9.8 

 9.8 

 9.8 

 9.8 

Universal Access to Early Childhood Education4

 10.5 

.... 

.... 

.... 

.... 

.... 

Other5

 0.6 

 0.9 

.... 

.... 

.... 

.... 

Total Education National Partnerships

 13.4 

 20.0 

 12.0 

 12.0 

 12.0 

 12.0 

 

 

 

 

 

 

 

Housing

HomeBuilder

 8.7 

 11.0 

 5.9 

.... 

.... 

.... 

Total Housing National Partnerships

 8.7 

 11.0 

 5.9 

.... 

.... 

.... 

Community Services (including Disability)

DisabilityCare Australia Fund Payments

 25.0 

 25.0 

 25.9 

.... 

.... 

.... 

Family, Domestic and Sexual Violence Responses

 2.8 

 2.0 

.... 

.... 

.... 

.... 

Other6

 2.0 

 5.4 

 1.3 

 0.3 

.... 

.... 

Total Community Services (including Disability) National Partnerships

 29.8 

 32.4 

 27.2 

 0.3 

.... 

.... 

Table 5.4:         Commonwealth Payments for Specific Purposes1 (continued)

 

2022‑23

2022‑23

2023‑24

2024‑25

2025‑26

2026‑27

 

Estimated

Forward

Forward

Forward

 

Budget

Outcome

Budget

Estimate

Estimate

Estimate

 

$m

$m

$m

$m

$m

$m

Skills and Workforce Development

Energising Tasmania

 2.7 

 2.7 

 3.0 

 4.0 

 3.0 

 1.1 

Fee Free TAFE

.... 

 3.0 

 4.0 

 4.0 

 2.5 

.... 

North‑West Tasmania Job Ready Generation Fund

 0.7 

 0.7 

 0.6 

.... 

.... 

.... 

JobTrainer Fund

.... 

.... 

 5.0 

 5.0 

 5.0 

 1.3 

Skilling Australians Fund

 5.0 

 5.0 

 5.0 

 5.0 

 5.0 

 4.7 

Business support payments

.... 

 36.5 

.... 

.... 

.... 

.... 

Other7

.... 

 4.7 

.... 

.... 

.... 

.... 

Total Skills and Workforce Development National Partnerships

 8.4 

 52.6 

 17.6 

 18.0 

 15.5 

 7.1 

Infrastructure

Land Transport Infrastructure Projects

Bell Bay Line ‑ Reconnection to the Bell Bay Wharf

.... 

.... 

.... 

 6.4 

 8.0 

 9.6 

Black Spot Projects

 2.8 

 2.8 

 3.0 

 3.0 

 3.0 

.... 

Bridges Renewal program

 0.6 

 1.7 

 1.6 

 0.4 

 0.3 

.... 

COVID‑19 Stimulus

 1.8 

 3.7 

 0.4 

.... 

.... 

 1.1 

Heavy Vehicle Safety & Productivity Program

 3.6 

 0.3 

 4.3 

 4.5 

 5.1 

.... 

Launceston City Deal: Tamar Estuary ‑ Urban Water Infrastructure Upgrades

 32.6 

 14.0 

 20.5 

 4.6 

.... 

.... 

Melba Line Bulk Minerals Rail Hub

.... 

.... 

 3.2 

 6.4 

 4.8 

.... 

National Water Grid Fund

 5.0 

 14.1 

 1.6 

.... 

.... 

.... 

New Bridgewater Bridge

208.4 

 170.0 

 214.0 

 145.0 

 40.6 

 27.0 

Rail Investment Component

 42.0 

 41.1 

 18.0 

 24.0 

 24.0 

 24.0 

Regional Recovery Partnership

.... 

 1.0 

 6.6 

 2.4 

.... 

.... 

Road Investment Component

 100.0 

 79.7 

 80.2 

 77.1 

 90.6 

 102.6 

Roads of Strategic Importance

 61.7 

 38.5 

 63.1 

 92.2 

 86.5 

 75.4 

Tasman Bridge Upgrade

 4.7 

.... 

 5.2 

 22.8 

 24.4 

 12.3 

Urban Congestion Fund

 13.3 

 1.1 

 5.3 

 5.2 

 2.3 

 13.7 

Other8

 0.5 

 0.5 

.... 

.... 

.... 

.... 

Total Infrastructure National Partnerships

 476.6 

 368.5 

 427.2 

 393.9 

 289.6 

 265.6 

Table 5.4:         Commonwealth Payments for Specific Purposes1 (continued)

 

2022‑23 

2022‑23 

2023‑24 

2024‑25 

2025‑26 

2026‑27 

 

Estimated 

Forward 

Forward 

Forward 

 

Budget 

Outcome 

Budget 

Estimate 

Estimate 

Estimate 

 

$m 

$m 

$m 

$m 

$m 

$m 

Environment

Battery of the Nation - Tarraleah

 13.0 

 13.0 

 19.2 

 23.0 

.... 

.... 

Cradle Mountain Experience

.... 

.... 

 5.7 

 5.3 

 19.0 

.... 

COVID‑19 World and National Heritage

 1.5 

 0.5 

.... 

.... 

.... 

.... 

Disaster Risk Reduction

 1.0 

 1.0 

 1.0 

 1.6 

 0.6 

.... 

Tasmanian Wilderness World Heritage Areas

 5.1 

 5.1 

 5.1 

 5.1 

 5.1 

 5.1 

National Water Infrastructure Development Fund

 30.3 

 23.0 

 65.0 

 70.0 

 35.0 

 19.3 

Pest and Disease Preparedness and Response Programs

 1.1 

 1.1 

 0.8 

.... 

.... 

.... 

Project Marinus

 36.2 

 36.2 

 26.1 

 15.0 

.... 

.... 

Other9

 1.4 

 10.0 

 3.5 

 0.3 

 0.1 

.... 

Total Environment National Partnerships

 89.6 

 89.9 

 126.5 

 120.3 

 59.9 

 24.4 

Other Services

Financial assistance to Local Governments ‑ Financial Assistance Grant program10

 18.6 

 27.3 

 96.4 

 100.9 

 104.3 

 107.9 

National Legal Assistance Partnership

 2.4 

 2.4 

 2.5 

 2.4 

.... 

.... 

Natural Disaster Relief and Recovery Arrangements

 1.1 

.... 

 1.1 

 10.0 

.... 

.... 

National Tourism Icon Program ‑ Upgrade of Tourist Facilities at Freycinet

 3.0 

 0.4 

 0.3 

 4.9 

.... 

.... 

Other11

 14.5 

 14.7 

 15.6 

 14.9 

.... 

.... 

Total Other Services

 39.7 

 44.8 

 115.8 

 133.0 

 104.3 

 107.9 

Total National Partnership Payments

 693.8 

 708.8 

 753.4 

 702.4 

 483.4 

 417.9 

TOTAL PAYMENTS FOR SPECIFIC PURPOSES

1 915.1 

1 986.9 

2 050.7 

2 062.5 

1 893.9 

1 834.3 

 

 

 

 

 

 

 

Notes:

1.    The funding impacts of the Australian Government’s 2023‑24 Budget have not been reflected in the 2023‑24 State Budget due to the release dates of each Budget. As a result, estimates of Commonwealth Payments for Specific Purposes will differ from those published in the Australian Government’s 2023-24 Budget.

2.    Estimates of National Partnerships are estimated in accordance with the Australian Accounting Standard AASB 15 Revenue from Contracts with Customers.

3.    Includes funding for the National Bowel Cancer Screening Program, Expansion of BreastScreen Australia Program, Comprehensive Palliative Care, Lymphedema Compression Garment Scheme, Health Innovation Fund, National Mental Health and Suicide Prevention and Improving Health Services in Tasmania. 

4.    The Preschool Reform Agreement replaced the Universal Access to Early Childhood Education Agreement which expired on 31 December 2021.

5.    Includes funding for National Quality Agenda for Early Childhood Education and Care, Supporting Students with Disabilities and Independent Public Schools. 

6.    Includes funding for Family, Domestic and Sexual Violence Support and the Municipal and Essential Services Transition Fund.

7.    Includes funding for Infection Control Training, Building Australias Future Workforce through Vocational Education and the Tasmanian Jobs and Investment Fund.

8.    Includes funding for Temporary Assistance for Tasmanian Exporters and the Regional Tourism Infrastructure and Innovation Fund. 

9.    Includes funding for Future Drought Fund projects, Assistance for pest and weed management, Prepared Communities, On‑Farm Emergency Water Infrastructure, various council specific environment projects and Australian Fire Danger Rating System.

10.  The profile reflects the timing of Financial Assistance Grant funding receipted from the Australian Government.

11.  Includes funding for Family and Advocacy Support Services, Legal Aid, Increased Legal Support for Vulnerable Women, Domestic Violence Units and Health Justice Partnerships and Aboriginal and Torres Strait Islanders Legal Services.

State Taxation

In 2023‑24, State Taxation is estimated to be $1 684.5 million, which represents an increase of $71.2 million compared to the 2022‑23 Budget of $1 613.3 million.

Chart 5.4 compares the 2023‑24 Budget forecasts to the 2022‑23 Budget forecasts.

Over the 2023‑24 Budget and Forward Estimates, State Taxation is forecast to grow by $249.7 million (or by a compound annual growth rate of 4.7 per cent), due mainly to growth in payroll tax and land tax. This growth has been partly offset by a reduction in conveyance duty revenue.

The outlook for the Tasmanian property market has weakened since the 2022‑23 Budget. In 2021‑22, conveyance duty revenue hit a record level of $409.8 million. This revenue was supported by a strong housing market, buoyed by low interest rates and COVID‑19 housing stimulus. However, this financial year there has been a decline in residential property transactions and the 2022‑23 Estimated Outcome for conveyance duty is $74.1 million lower than the 2022‑23 Budget.

Given the recent reduction in conveyance duty revenue from the high levels experienced in 2021‑22, conveyance duty forecasts over the 2023‑24 Budget and Forward Estimates have been revised down by $420.5 million over the period compared to the 2022‑23 Budget. Conveyance duty revenue is expected to return to positive growth in 2024‑25, albeit from a lower base, and grow at long‑term growth rates over the remainder of the Forward Estimates.

Chart 5.4:         State Taxation Revenue 2017‑18 to 2026‑271

Note:

1.    The 2023-24 Budget includes the 2022-23 Estimated Outcome for State Taxation revenue.

 

The outlook for other key State Taxation components remains positive across the 2023-24 Budget and Forward Estimates. Land tax forecasts reflect strong growth in land values. Payroll tax forecasts reflect historical growth rates, supported by stronger growth in employment and wages.


 

Table 5.5 provides details of the components of the State Taxation estimates.

Table 5.5:         State Taxation

 

2022‑23

2022‑23

2023‑24

2024‑25

2025‑26

2026‑27

 

 

Estimated

 

Forward

Forward

Forward

 

Budget

Outcome

Budget

Estimate

Estimate

Estimate

 

$m

$m

$m

$m

$m

$m

 

 

 

 

 

 

 

Payroll tax

451.0

488.9

512.6

537.5

563.7

591.1

 

 

 

 

 

 

 

Taxes on property

 

 

 

 

 

 

Land tax

161.2

164.7

195.0

207.7

221.1

235.4

Fire service levies1

82.6

95.1

100.0

105.1

109.7

114.4

Government guarantee fees

14.9

14.2

18.1

23.1

26.1

29.1

Conveyance duty

435.3

361.2

350.7

362.7

384.5

407.7

 

694.0

635.1

663.8

698.7

741.4

786.6

Taxes on provision of goods and services

 

 

 

 

 

 

Gambling taxes

 

 

 

 

 

 

Annual Wagering Levy

1.6

1.6

1.6

1.7

1.8

1.9

Casino tax and licence fees2

52.9

56.7

....

....

....

....

General Casino Tax and licence fees2

....

....

9.6

9.7

9.8

9.9

Venue tax and licence fees2

....

....

40.5

40.8

40.9

41.1

Keno Operator and licence fees2

....

....

9.0

9.3

9.5

9.8

Lottery tax

47.8

48.7

51.0

53.4

55.8

58.5

Point of Consumption Wagering Tax

14.6

15.3

15.5

15.7

15.8

16.0

Insurance duty

124.8

130.5

139.0

146.6

153.1

155.6

 

241.7

252.8

266.2

277.1

286.9

292.7

Taxes on the use of goods and services

 

 

 

 

 

 

Vehicle registration fees

51.4

51.4

53.0

54.6

56.2

57.9

Motor vehicle fees and taxes

 

 

 

 

 

 

Motor vehicle duty

60.6

63.3

64.6

65.9

67.2

68.5

Motor tax

104.5

110.0

113.3

116.7

120.2

123.8

Motor vehicle fire levy

10.1

10.1

11.0

11.8

12.7

13.7

 

226.6

234.8

241.8

249.0

256.3

263.9

 

 

 

 

 

 

 

TOTAL STATE TAXATION

1 613.3

1 611.6

1 684.5

1 762.3

1 848.3

1 934.2

 

 

 

 

 

 

 

Notes:

1.    Fire service levies are reported as a tax for the purposes of the Uniform Presentation Framework. However, all revenues go directly to the State Fire Commission.

2.    Casino tax and licence fees has been split into three separate gambling taxation lines in the 2023-24 Budget, consistent with the new licensing arrangements commencing on 1 July 2023, being General Casino Tax and licence fees, Venue tax and licence fees and Keno Operator and licence fees.

 

Chapter 1 of this Budget Paper provides further information on the risks to State Taxation revenue over the Budget and Forward Estimates, including the potential for further downward revisions to conveyance duty if property transaction volumes continue to decline or property prices soften.

Revenue Initiatives

The Government continues to progress a number of reforms to ensure an efficient, equitable and sustainable revenue base, including new funding arrangements for fire and emergency services and the introduction of a road user charge for zero and low emission vehicles.

In January 2023, the Premier and Minister for Police, Fire and Emergency Services announced that a new fit‑for‑purpose integrated fire and emergency services entity will be created within the Department of Police, Fire and Emergency Management. Further details are available at www.fire.tas.gov.au/reform.

At the time, it was also announced by the Minister that the Government was finalising a new funding model and this would be included as part of the 2023‑24 Tasmanian State Budget process. It was also indicated that the funding reforms will be a key element of the new fire and emergency services legislation to be introduced to Parliament later in 2023.

The current funding model, which has been in place since 1979, is complex and highly prescriptive. The complexity of the existing funding arrangements also results in a lack of transparency in the current fire service funding model. Funding arrangements for the State Emergency Service also lack clarity and are uncertain.

New arrangements are being developed that will ensure the future funding arrangements are more sustainable, equitable and commensurate with the future functions of an integrated fire and emergency service.

Consistent with the recommendations of the 2020 Blake Review, it is intended that this new model will raise sufficient revenue to pay for the services of the new, integrated emergency services function and will be ring‑fenced for fire and emergency management activities.

Appropriate concession arrangements will also ensure that targeted support continues to be provided to those most in need.

As announced in the 2021‑22 Budget and confirmed in the 2022‑23 Budget, the Government also remains committed to introducing a road user charge for zero and low emission vehicles from 1 July 2027, or when zero and low emissions vehicles make up 30 per cent of all new vehicle sales. Work continues on the key design features of the road user charge, with stakeholder consultation conducted in early 2023. Legislation to implement a road user charge for zero and low emission vehicles will be introduced to Parliament in 2024 subject to the outcome of the High Court challenge to Victoria’s zero and low emission vehicle distance‑based charge.

The impacts of these initiatives are not included in the 2023‑24 Budget and Forward Estimates.

The Government also continues to provide support for sustainable housing outcomes across the State, including:

·       extending the eligible period for the first home buyer and pensioner downsizing duty concessions for a further 12 months to 30 June 2024; and

·       extending the land tax exemptions for newly constructed dwellings made available for long‑term rental and short‑stay accommodation converted to long‑term rentals for 12 months to 30 June 2024.

The Government will also extend the duty waiver on the purchase of electric and hydrogen fuel‑cell vehicles to 31 December 2023, where the purchase is for a new vehicle and the contract to purchase was entered into prior to 25 May 2023.

The impacts of these measures are included in the 2023‑24 Budget and Forward Estimates.

Tax Expenditure Statement

This statement provides an estimate of the revenue the Government has foregone, or the financial benefit obtained by taxpayers, through concessions, benefits and incentives that the Government provides through the tax system. Tax expenditures have been estimated for the main revenue lines of payroll tax, land tax and conveyance duty.

Methodology

Tax exemptions, rebates and concessions are measured based on the revenue foregone approach, where the value of the revenue that would have been received if the standard rate of tax had been applied is estimated.

The methodology does not allow for any behavioural changes that may result if an exemption, rebate or concession was removed. The approach also does not allow for potential tax rate changes that may result if a tax exemption, rebate or concession were removed.

Where thresholds are removed, the resulting measure of expenditure is labelled a tax‑free threshold in the table below. The tax expenditure, or revenue foregone, associated with providing tax‑free thresholds has been calculated for payroll tax and land tax.

All other expenditure measures included in Table 5.6 are measured as deviations from the current tax settings.

Table 5.6:         Estimated Major Tax Expenditures

 

2022‑23

2023‑24

 

Budget

Budget

 

$m

$m

 

 

 

Payroll tax1

 

 

Tax‑free threshold2

192.8

218.4

Educational institutions exemption3

12.4

25.6

Health care service provider exemptions

7.5

7.5

Employer payroll rebate for additional positions created

5.9

6.5

 

218.6

258.0

Land tax4

 

 

Principal place of residence exemption

189.0

235.8

Primary production land exemption

135.5

158.8

Tax‑free threshold

30.7

28.7

Religious bodies, charitable institutions, or educational institutions exemption

7.3

9.4

Other5

3.4

4.2

 

365.9

437.0

Conveyance duty6

 

 

Corporate reconstructions7

15.7

0.2

First home buyer duty concessions8

13.4

11.8

Duty concession for pensioners downsizing9

2.0

2.1

Family farm transfers

6.2

6.3

Transfer of public road or park/garden to council

5.3

5.0

Relationship breakdown or spouse and significant relationship transfers

12.2

14.1

Other10

6.9

12.3

 

61.7

51.8

 

 

 

TOTAL

646.2

746.7

 

 

 

Notes:

1.    The payroll tax base consists of all wages paid in Tasmania in 2021‑22 based on annual adjustment returns lodged by taxpayers and WorkCover data for employers who are not required to register for payroll tax. Actual payroll tax data for 2021‑22 has been used as the basis for the 2023‑24 estimate as it represents the most complete data source at the time of preparing the 2023‑24 Budget.

2.    The increase in the tax‑free threshold exemption for payroll tax in the 2023‑24 Budget reflects the strong labour market conditions in Tasmania.

3.    The increase in the education institutions exemption reflects the reclassification of educational institutions in WorkCover data.

4.    The land tax base is all freehold land in Tasmania as at 1 July 2022. Land classified as principal place of residence and primary production land is charged a nil rate of land tax. Property used for religious, charitable or educational purposes is exempt from land tax.

5.    Land tax Other comprises land owned by the Australian Government, aged care providers and the land tax exemptions for both short‑stay accommodation properties and newly built housing that are made available for long‑term rental.

6.    The conveyance duty tax base is comprised mainly of concessional or exempt properties transferred in 2022‑23 to date. Estimates are based on the expected growth in conveyance duty revenue. Not all exempt transactions are recorded and not all valuation data is available, therefore the estimates are likely to be understated.

7.    Corporate reconstructions expenditure is forecast based on actual exemptions provided in the prior financial year.

8.    The First home buyer duty concessions estimate for 2023‑24 reflects the extension of the eligibility period from 30 June 2023 to 30 June 2024.

9.    The pensioner downsizing duty concession estimate for 2023‑24 reflects the extension of the eligibility period from 30 June 2023 to 30 June 2024.

10.  Conveyance duty Other comprises transfers to a special trustee under section 37 of the Duties Act 2001 and instances where there is no change in beneficial ownership.

Other Revenue Sources

Sales of Goods and Services

Revenue from the Sales of Goods and Services is estimated to be $418.7 million in 2023‑24.

Table 5.7 details the major components of revenue from the Sales of Goods and Services.

Table 5.7:         Sales of Goods and Services1

 

2022‑23

2022‑23

2023‑24

2024‑25

2025‑26

2026‑27

 

 

Estimated

 

Forward

Forward

Forward

 

Budget

Outcome

Budget

Estimate

Estimate

Estimate

 

$m

$m

$m

$m

$m

$m

 

 

 

 

 

 

 

Departmental Fees and Recoveries

 

 

 

 

 

 

Communities Tasmania2

46.1

23.7

....

....

....

....

Education, Children and Young People

47.1

46.4

47.3

48.0

48.7

49.5

Environment Protection Authority

0.1

0.1

....

....

....

....

Finance‑General

0.6

1.4

1.3

1.0

0.9

0.9

Health3

242.0

244.6

250.0

259.7

263.6

263.6

Justice

4.7

4.7

4.7

4.7

4.7

4.7

Marine and Safety Tasmania

3.6

3.8

6.2

4.9

3.9

6.6

Natural Resources and Environment Tasmania

51.1

51.5

52.4

53.3

54.3

55.2

Office of the Governor

0.2

0.4

0.2

0.2

0.3

0.3

Police, Fire and Emergency Management

4.0

4.0

4.0

4.1

4.1

4.2

Premier and Cabinet

4.9

5.0

4.9

5.0

5.1

5.2

State Fire Commission

6.5

6.5

6.6

6.8

6.9

7.1

State Growth

6.5

6.5

6.6

6.7

6.8

6.9

Tasmanian Audit Office

5.8

5.8

6.6

7.1

7.4

7.6

TasTAFE

26.2

24.5

26.0

27.7

28.8

30.0

 

449.2

428.8

416.8

429.3

435.5

441.9

 

 

 

 

 

 

 

Other Sales of Goods and Services

1.9

1.9

2.0

2.1

2.2

2.3

 

 

 

 

 

 

 

TOTAL SALES OF GOODS AND SERVICES

451.1

430.6

418.7

431.4

437.6

444.1

 

 

 

 

 

 

 

Notes:

1.    The 2022‑23 Budget has been updated to reflect the impact of various Restructure Orders made during 2022‑23. Further information in relation to these restructures is provided in Government Services Budget Paper No 2.

2.    The decrease between the 2022‑23 Budget and the 2022‑23 Estimated Outcome for Communities Tasmania reflects the impact of the establishment of Homes Tasmania. This has resulted in associated Sales of goods and services revenue being reflected in the Public Non-Financial Corporations Sector rather than the General Government Sector.

3.    The increase in Health in the 2023‑24 Budget and across the Forward Estimates primarily reflects an increase in Pharmaceutical Benefits Scheme Medicare revenues resulting from the inclusion of chemotherapy pharmaceuticals.


 

Fines and Regulatory Fees

Government fees are indexed each year under the Fee Units Act 1997 to reflect increases in the cost to the Government for providing certain services. Indexation is based on movements in the Consumer Price Index. However, given recent cost of living pressures, the Treasurer determined, under the provisions of the Fee Units Act, an adjustment factor to reduce the increase in fees for 2023‑24. The adjustment factor reduced the annual fee increase from 7.17 per cent, being the change in CPI for the relevant period, to 4.71 per cent, which reflects underlying inflation and removes the most volatile impacts of relevant inflationary events. The application of the adjustment factor will result in fee revenue being approximately $400 000 lower in 2023‑24 than it would have otherwise been.

The Government has introduced legislation to amend the Fee Units Act to ensure a more contemporary approach, which will achieve more flexible and efficient administration of annual fee indexation, with a reduced chance of errors, and better reflect how the community now seeks information on the level of Government fees. This will not affect the calculation, or application, of fee indexation.

Table 5.8:         Fines and Regulatory Fees1

 

2022‑23

2022‑23

2023‑24

2024‑25

2025‑26

2026‑27

 

 

Estimated

 

Forward

Forward

Forward

 

Budget

Outcome

Budget

Estimate

Estimate

Estimate

 

$m

$m

$m

$m

$m

$m

 

 

 

 

 

 

 

Fines2

23.3

23.5

23.6

23.7

23.7

23.9

 

 

 

 

 

 

 

Fees

 

 

 

 

 

 

Abalone Licences

6.6

6.6

6.8

6.9

7.1

7.3

Water Licence Fees

2.2

2.2

2.3

2.3

2.4

2.5

Environment Fees

4.3

4.3

4.4

4.5

4.6

4.7

Drivers Licences

7.7

7.7

7.9

8.1

8.3

8.5

Photo Licence Fees

1.9

1.9

1.9

2.0

2.0

2.1

Vehicle Inspection Services Fees

0.1

0.1

0.1

0.1

0.1

0.1

Quarantine Fees

4.0

4.0

3.9

4.0

4.0

4.0

Consumer Affairs Office Regulatory Fees

0.6

0.6

0.6

0.6

0.6

0.6

Magisterial Courts Regulatory Fees

0.7

0.7

0.7

0.7

0.7

0.7

Registrar‑General Regulatory Fees

2.0

2.0

2.0

2.0

2.0

2.0

Supreme Court Regulatory Fees

1.2

1.2

1.2

1.2

1.2

1.2

Other Regulatory Fees3

56.6

65.8

71.0

78.8

79.6

68.9

 

87.8

97.0

102.8

111.2

112.7

102.5

 

 

 

 

 

 

 

TOTAL FINES AND REGULATORY FEES

111.2

120.5

126.4

134.9

136.4

126.4

 

 

 

 

 

 

 

Notes:

1.    The information provided in this section may differ from the Fines and Regulatory Fees for each agency in Government Services Budget Paper No 2 due to the elimination of inter‑agency transactions during the consolidation process.

2.    Includes fines collected by the Department of Justice, Inland Fisheries Service and the Department of Police, Fire and Emergency Management.

3.    The increase in Other Regulatory Fees in the 2023‑24 Budget and across the Forward Estimates primarily reflects the recognition of levies associated with the Waste and Resource Recovery Plan.

Interest Income

Interest income is estimated to be $74.6 million in 2023‑24. The increase in interest income in 2023‑24 and over the Forward Estimates, compared to the 2022-23 Budget, primarily reflects higher forecast interest rates and variations in the balances of Cash and deposits and Investments.

Dividend, Tax and Rate Equivalent Income  

Dividend, tax and rate equivalent income is estimated to be $302.8 million in 2023‑24, a decrease of $39.9 million from the 2022‑23 Estimated Outcome of $342.7 million. This decrease primarily reflects lower forecast returns from Hydro Tasmania and the Motor Accidents Insurance Board.

Dividend, tax and rate equivalent income is expected to increase in 2024‑25 and then again in 2025‑26, before decreasing in the final year of the Forward Estimates. The decrease in 2026‑27 is primarily due to a final year dividend payment from the Mersey Community Hospital Fund of $27.4 million (compared to the estimate for the previous year of $102.9 million). This decrease is partly offset by TT‑Line dividend payments recommencing following the commencement of the operation of its new vessels.

Chart 5.5 shows the total dividend, tax and rate equivalent income over time.

Chart 5.5:         Dividend, Tax and Rate Equivalent Income, 2017‑18 to 2026‑271

Note:

1.    Data is presented on an accruals basis and reflects actual outcomes for 2017‑18 to 2021‑22 and the Estimated Outcome for 2022‑23.

Table 5.9 details the dividend, tax and rate equivalent income in 2023‑24 and over the Forward Estimates.

Table 5.9:         Dividend, Tax and Rate Equivalent Income1

 

2022‑23 

2022‑23 

2023‑24 

2024‑25 

2025‑26 

2026‑27 

 

 

Estimated 

 

Forward 

Forward 

Forward 

 

Budget 

Outcome 

Budget 

Estimate 

Estimate 

Estimate 

 

$m 

$m 

$m 

$m 

$m 

$m 

 

 

 

 

 

 

 

Dividends

 

 

 

 

 

 

Aurora Energy Pty Ltd

3.5

....

7.6

5.2

7.7

10.8

Hydro Tasmania2

87.0

74.0

31.2

81.1

77.7

56.0

Motor Accidents Insurance Board3

39.9

30.9

32.3

30.9

32.4

13.8

Sustainable Timber Tasmania

....

1.0

....

....

....

....

Tasmanian Networks Pty Ltd4

12.0

22.6

16.4

5.6

24.7

17.1

Tasmanian Ports Corporation Pty Ltd

5.1

11.5

10.4

10.9

7.7

7.0

Tasmanian Public Finance Corporation

7.4

9.1

12.8

8.6

11.7

12.1

TT‑Line Company Pty Ltd5

....

....

....

....

....

46.3

 

154.9

149.0

110.7

142.3

161.9

163.1

 

 

Mersey Community Hospital Dividend

 

 

 

 

 

 

Dividend for Mersey Community Hospital6

92.8

92.8

96.1

99.4

102.9

27.4

 

92.8

92.8

96.1

99.4

102.9

27.4

 

 

 

 

 

 

 

Taxation Equivalents

 

 

 

 

 

 

Aurora Energy Pty Ltd

7.6

....

2.5

3.7

5.1

6.0

Hydro Tasmania2

23.7

14.8

38.6

37.0

26.7

31.6

Motor Accidents Insurance Board7

10.7

36.9

7.7

8.5

8.5

8.7

Tasmanian Networks Pty Ltd4

29.5

31.0

32.7

46.9

44.4

46.8

Tasmanian Ports Corporation Pty Ltd

4.6

5.8

5.6

4.2

3.5

2.5

Tasmanian Public Finance Corporation

2.1

5.5

3.7

5.0

5.2

5.8

TT‑Line Company Pty Ltd8

5.2

1.7

....

9.5

21.2

22.1

 

83.5

95.7

90.8

114.8

114.5

123.4

 

 

 

 

 

 

 

Rates Equivalents

 

 

 

 

 

 

Hydro Tasmania

5.1

5.1

5.2

5.4

5.5

5.6

 

5.1

5.1

5.2

5.4

5.5

5.6

 

 

 

 

 

 

 

TOTAL DIVIDEND TAX AND RATE EQUIVALENT INCOME

336.2

342.7

302.8

361.8

384.8

319.5

 

 

 

 

 

 

 

Notes:

1.    Dividend, tax and rate equivalent income is reported on an accrual basis.

2.    The variability in Hydro Tasmania’s dividend and taxation equivalent returns over the Budget and Forward Estimates primarily reflects the impact of changes in future energy prices and profitability.

3.    The decrease in the Motor Accidents Insurance Board’s dividend in 2026‑27 reflects the impact of the established dividend methodology.

4.    Tasmanian Networks’ returns over the Forward Estimates reflect the budgeted improvement in profitability relating to the impact of its initial Draft Regulatory Proposal to the Australian Energy Regulator for the 2024‑29 regulatory period, as well as strategic initiatives.

5.    TT‑Line will recommence paying ordinary dividends in 2026‑27 following the commencement of the operation of its new vessels.

6.    The decrease in the Mersey Community Hospital Fund dividend in 2026‑27 reflects the part dividend to be paid from the Fund in its final year.

7.    The increase in the Motor Accidents Insurance Board’s taxation equivalent Estimated Outcome for 2022‑23 assumes improved investment market conditions.

8.    The increase in TT‑Line’s taxation equivalent returns from 2024‑25 reflects TT-Line’s increased profit estimates, driven by the delivery of the new vessels.

Other Revenue

Other Revenue is estimated to be $196.4 million in 2023‑24. Table 5.10 lists the sources of Other Revenue.

Table 5.10:       Other Revenue1,2

 

2022‑23 

2022‑23 

2023‑24 

2024‑25 

2025‑26 

2026‑27 

 

 

Estimated 

 

Forward 

Forward 

Forward 

 

Budget 

Outcome 

Budget 

Estimate 

Estimate 

Estimate 

 

$m 

$m 

$m 

$m 

$m 

$m 

 

 

 

 

 

 

 

Mineral Royalties3

56.8 

52.3 

48.3 

44.2 

44.5 

47.5 

Regional Water Authority Licence Fees

2.3 

2.3 

2.3 

2.3 

2.3 

2.3 

Other Revenue by Agency

 

 

 

 

 

 

Communities Tasmania4

23.2 

11.2 

.... 

.... 

.... 

.... 

Education, Children and Young People

24.6 

19.1 

21.6 

23.5 

23.6 

24.1 

Finance‑General

4.7 

54.5 

3.8 

3.8 

3.8 

3.8 

Health5

39.2 

56.1 

62.3 

63.5 

63.5 

63.9 

Justice

30.1 

31.8 

28.0 

28.6 

29.1 

33.6 

Natural Resources and Environment Tasmania

4.3 

4.2 

4.4 

4.4 

4.4 

4.4 

Police, Fire and Emergency Management

10.3 

10.3 

11.0 

10.9 

10.3 

10.3 

Premier and Cabinet

(1.6)

(1.6)

0.8 

0.8 

0.8 

0.8 

State Fire Commission

2.1 

1.9 

2.0 

2.0 

2.1 

2.1 

State Growth

7.6 

7.6 

7.6 

7.6 

7.6 

7.6 

Treasury and Finance

0.7 

0.8 

0.8 

0.9 

0.9 

1.0 

Other

3.6 

3.6 

3.5 

3.5 

3.4 

3.3 

 

 

 

 

 

 

 

TOTAL OTHER REVENUE

207.8 

254.1 

196.4 

196.0 

196.3 

204.6 

 

 

Notes:

1.    The information provided in this section may differ from the Other revenue for each agency in Government Services Budget Paper No 2 due to the elimination of inter‑agency transactions during the consolidation process.

2.    The 2022-23 Budget has been updated where required to reflect the impact of various Restructure Orders made during 2022‑23. Further information in relation to these restructures is provided in Government Services Budget Paper No 2.

3.    The decline in Mineral Royalties over the 2023-24 Budget and Forward Estimates reflects a number of factors including the easing of commodity prices from recent highs, ore grades and levels of production.

4.    The reduction in Communities Tasmania over the 2023‑24 Budget and Forward Estimates reflects the impact of the establishment of Homes Tasmania. This has resulted in Other revenue being reflected in the Public Non-Financial Corporations Sector rather than the General Government Sector.

5.    The increase in Health in the 2023‑24 Budget and across the Forward Estimates primarily reflects updated Salary recoveries together with workers’ compensation recoveries based on recent actual results.