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 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 2023‑24 and over the Forward Estimates (2024‑25 to 2026‑27). 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

 

2023‑24

 

Budget

2024‑25

Forward

Estimate

2025‑26

Forward

Estimate

2026‑27

Forward

Estimate

 

$'000

$'000

$'000

$'000

 

 

 

 

 

Flinders Island Boat Ramp Upgrade

30

....

....

....

 

 

 

 

 

Flinders Island Boat Ramp Upgrade

Additional funding is provided to support the completion of upgrades to boat ramps on Flinders Island. This is in addition to funding of $120 000 provided for this initiative in the 2021‑22 Budget.

 


 

Detailed Budget Statements

Table 24.2:       Statement of Comprehensive Income

 

2022‑23 

2023‑24 

2024‑25 

2025‑26 

2026‑27 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Revenue and other income

 

 

 

 

 

Grants

1 345 

1 418 

1 413 

1 445 

1 477 

Sales of goods and services1

3 600 

6 171 

4 960 

3 860 

6 571 

Interest2

25 

355 

376 

289 

230 

Total revenue

4 970 

7 944 

6 749 

5 594 

8 278 

Net gain/(loss) on non‑financial assets3

(763)

.... 

.... 

.... 

.... 

Total income

4 207 

7 944 

6 749 

5 594 

8 278 

 

 

 

 

 

 

Expenses

 

 

 

 

 

Employee benefits

2 101 

2 355 

2 426 

2 498 

2 573 

Depreciation and amortisation

1 408 

1 636 

1 536 

1 510 

1 469 

Supplies and consumables

3 887 

3 694 

3 659 

3 689 

4 054 

Grants and subsidies4

2 000 

1 663 

1 633 

1 633 

.... 

Total expenses

9 396 

9 348 

9 254 

9 330 

8 096 

 

 

 

 

 

 

Net result

(5 189)

(1 404)

(2 505)

(3 736)

182 

 

 

 

 

 

 

Comprehensive result

(5 189)

(1 404)

(2 505)

(3 736)

182 

 

 

 

 

 

 

Notes:

1.    The variation in Sales of goods and services primarily reflects the timing of renewals for recreational boating licenses, which occur every three years.

2.    The variation in Interest revenue from 2023‑24 reflects changes in the profile of cash held over the Forward Estimates.

3.    The Net loss on non-financial assets in 2022-23 reflects the transfer of the Binalong Bay Breakwater to the Break O’Day Council.

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


 

Table 24.3:       Statement of Financial Position as at 30 June

 

2023 

2024 

2025 

2026 

2027 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Assets

 

 

 

 

 

Financial assets

 

 

 

 

 

Cash and deposits1

7 007 

10 334 

9 171 

6 629 

8 346 

Receivables

86 

125 

120 

175 

275 

 

7 093 

10 459 

9 291 

6 804 

8 621 

 

 

 

 

 

 

Non‑financial assets

 

 

 

 

 

Property, plant and equipment2

157 

358 

286 

222 

163 

Infrastructure

32 781 

33 617 

32 300 

30 957 

29 650 

Other assets

129 

819 

675 

693 

547 

 

33 067 

34 794 

33 261 

31 872 

30 360 

 

 

 

 

 

 

Total assets

40 160 

45 253 

42 552 

38 676 

38 981 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Payables3

287 

658 

449 

395 

474 

Employee benefits4

735 

633 

646 

560 

604 

Total liabilities

1 022 

1 291 

1 095 

955 

1 078 

 

 

 

 

 

 

Net assets (liabilities)

39 138 

43 962 

41 457 

37 721 

37 903 

 

 

 

 

 

 

Equity

 

 

 

 

 

Reserves

24 936 

26 231 

26 231 

26 231 

26 231 

Accumulated funds

4 263 

7 792 

5 287 

1 551 

1 733 

Other Equity

9 939 

9 939 

9 939 

9 939 

9 939 

Total equity

39 138 

43 962 

41 457 

37 721 

37 903 

 

 

 

 

 

 

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 infrastructure upgrades.

2.    The increase in Property, plant and equipment in 2024 primarily reflects the purchase of a new MAST vessel to be used in boating patrols, mooring audits and safety education.

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

4.    The decrease in Employee benefits in 2026 reflects a reduction in leave liabilities associated with expected employee retirements.


 

Table 24.4:       Statement of Cash Flows

 

2022‑23 

2023‑24 

2024‑25 

2025‑26 

2026‑27 

 

 

 

Forward 

Forward 

Forward 

 

Budget 

Budget 

Estimate 

Estimate 

Estimate 

 

$'000 

$'000 

$'000 

$'000 

$'000 

 

 

 

 

 

 

Cash flows from operating activities

 

 

 

 

 

Cash inflows

 

 

 

 

 

Grants

1 345 

1 418 

1 413 

1 445 

1 477 

Sales of goods and services

3 600 

6 171 

4 960 

3 860 

6 571 

GST receipts

410 

609 

496 

386 

657 

Interest received

25 

355 

376 

289 

230 

Total cash inflows

5 380 

8 553 

7 245 

5 980 

8 935 

 

 

 

 

 

 

Cash outflows

 

 

 

 

 

Employee benefits

(1 910)

(2 129)

(2 193)

(2 258)

(2 326)

Superannuation

(191)

(226)

(232)

(240)

(247)

GST payments

(398)

(515)

(515)

(526)

(432)

Grants and subsidies

(2 000)

(1 663)

(1 633)

(1 633)

.... 

Supplies and consumables

(3 985)

(3 694)

(3 659)

(3 689)

(4 037)

Total cash outflows

(8 484)

(8 227)

(8 232)

(8 346)

(7 042)

 

 

 

 

 

 

Net cash from (used by) operating activities

(3 104)

326 

(987)

(2 366)

1 893 

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

Net borrowings

(190)

(198)

(176)

(176)

(176)

Net cash from (used by) financing activities

(190)

(198)

(176)

(176)

(176)

 

 

 

 

 

 

Net increase (decrease) in cash and cash equivalents held

(3 294)

128 

(1 163)

(2 542)

1 717 

 

 

 

 

 

 

Cash and deposits at the beginning of the reporting period

10 301 

10 206 

10 334 

9 171 

6 629 

Cash and deposits at the end of the reporting period

7 007 

10 334 

9 171 

6 629 

8 346