PORTFOLIO BUDGET STATEMENTS

1998‑99

TREASURY PORTFOLIO

 Commonwealth of Australia 1998
ISBN 0 642 26148 2
This work is copyright. Apart from any use as permitted under the Copyright Act 1968, no part may be reproduced by any process without prior written permission from AusInfo. Inquiries should be directed to the Manager, Legislative Services, AusInfo, GPO Box 84, Canberra ACT 2601.
Copies of this publication are available for purchase, usually the day following issue, from Government Info Shops which are located in all Australian capital cities. Copies can also be ordered from
Mail Order Sales
AusInfo
GPO Box 84
CANBERRA   ACT   2601

Printed by AGPS, Printing Division of CanPrint Communications Pty Limited

TREASURER
PARLIAMENT HOUSE
CANBERRA  2600
President of the Senate
Australian Senate
Parliament House
CANBERRA   ACT   2600

Speaker
House of Representatives
Parliament House
CANBERRA   ACT   2600

Dear Madam President
Dear Mr Speaker

I hereby submit Portfolio Budget Statements in support of the 1998-99 Budget for the Treasury Portfolio.
These statements have been developed, and are submitted to the Parliament, as a statement on the objectives for the Portfolio. They also cover the purpose of, and performance information on, budget measures and the relationship of these to programme element objectives.
I present these statements by virtue of my Ministerial responsibility for accountability to the Parliament and, through it, the public.

Yours sincerely

Peter Costello

TREASURY PORTFOLIO

CONTENTS
	Page
Section 1 — User Guide
Introduction	ix
Structure of the Portfolio Budget Statements	ix
Styles and Conventions Used	ix
Section 2 — Portfolio Overview
Programmes and Agencies	1
Changes to the Treasury Portfolio Structure	6
1998-99 Portfolio Programme Structure	7
Portfolio Ministers and Senior Management	8
Section 3 — Resource Summaries
How the Appropriations are Spent; Appropriation Bills Disaggregated
by Programme or Sub-Programme	11
Deriving Programme Underlying Outlays from the Appropriations;
Reconciliation of Programmes and Appropriation Elements for 1998-99	17
Summary of Underlying Outlays for the Portfolio	19
Budget Measures Summary	19

Section 4 — Programme Resources
Programme 1 — Treasury	27
Programme 2 — Royal Australian Mint	73
Programme 3 — Australian Bureau of Statistics	77
Programme 4 — Taxation Administration	85
Programme 5 — Productivity	113
Programme 6 — Australian Competition and Consumer Commission	119
Programme 7 — Insurance and Superannuation Commission	139
Programme 8 — Business Affairs	157
Programme 9 — National Competition Council	173
Section 5 — Budget Measures
Programme 1 — Treasury	180
Programme 4 — Taxation Administration	185
Programme 6 — Australian Competition and Consumer Commission	188
Programme 7 — Insurance and Superannuation Commission	189
Programme 8 — Business Affairs	190
Appendices
1997‑98 Portfolio Programme Structure	195
Glossary of Technical Terms	196
Glossary of Abbreviations and Acronyms	200

SECTION 1 — USER GUIDE

INTRODUCTION
The Portfolio Budget Statements (PBS) are one means by which the executive government is accountable to the Parliament. As part of the budget documentation their purpose is to inform the Parliament about the activities of agencies by supplying key links between programme objectives, programme performance and resource use. To this end the PBS provide information, explanation and justification to assist Senators and Members in understanding the purpose of each item of proposed expenditure and the objectives and strategies of the programmes for which the appropriations are sought.
In previous years the PBS used outlays as the measure of Portfolio outlays. This year the PBS is using underlying outlays (see definition in glossary) to be consistent with other Budget documentation.
Structure of the Portfolio budget statements
The PBS are presented in five sections.
Section 1: User Guide — provides an introduction explaining the purpose of the PBS as well as information in relation to the styles and conventions used.
Section 2: Portfolio Overview — provides an overview of the Portfolio. It outlines the Portfolio’s responsibilities and programmes, the services it provides and the legislation it administers.
Section 3: Resource Summaries — provides summary tables to give an overview of the Portfolio’s appropriations, underlying outlays and Budget Measures.
Section 4: Programme Resources — deals sequentially with each of the Portfolio’s Programmes. The tables in this section contain specific information on the appropriations and underlying outlays, as well as variations of more than 5 per cent in underlying outlays, related to the programmes.
Section 5: Budget Measures — provides detail of Budget measures and the impact of these measures on Portfolio objectives and outcomes.
A glossary is provided at the end of the document to explain technical terms.
Styles and conventions used
(a)	Figures in tables and generally in the text have been rounded. Discrepancies in tables between totals and sums of components are due to rounding.
(b)	The following notations are used:
		 -			Nil	
		na			Not applicable