Document
Index
Portfolio Budget Statements
Companies and Securities Advisory Committee
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Document
Index |
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The map on the following page shows the relationship between Government outcomes and the contributing outputs for the Companies and Securities Advisory Committee. Financial detail for Outcome 1 by output appears in Table 2.2 while non-financial information for Outcome 1 appears in Table 2.3.
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| Overall Outcome Strong, sustainable economic growth and the improved wellbeing of Australians |
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A fair and efficient market characterised by integrity and transparency and supporting
confident and informed participation of investors and consumers.
Table 2.1 shows the relationship between the programme structure for 1998-99 and the new
outcome structure for the 1999-2000 Budget for Outcome 1.
Table 2.1: Relationship between Programme and Outcome Structure for Outcome 1
| Programme Management Budgeting | Accrual Budgeting |
| Programme 8 -- Business Affairs | Outcome 1 Confident and informed participation of investors and consumers in the financial system. |
| Sub-programmes Sub-programme 8.2 -- Companies and Securities Advisory Committee |
Output Groups Output Group 1.1 -- Companies and Securities Advisory Committee |
| Appropriations
for Programme 8 Sub-programme 8.2 |
Appropriations for Outcome 1 Output
Group 1.1 |
Table 2.2 shows how the 1998-99 appropriation and programming structure relates to
total resourcing for Outcome 1.
Table 2.2: Total Resources for Outcome 1
| Estimated Actual | Estimated Actual | Budget |
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| 1998-99 CASH $'000 |
1998-99 ACCRUAL $'000 |
1999-00 $'000 |
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| Price of Agency Outputs Output
Group 1.1 -- Companies and Securities Advisory Committee |
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| Appropriation
Structure 1998-99 (a) Sub-programme 8.2 -- Companies and Securities Advisory Committee |
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| Subtotal Output Group 1.1 | 816 | 846 | 846 |
| Revenue from Government (Appropriation) for Agency Outputs | 816 | 816 | 818 |
| Revenue from Other Sources | 28 | 30 | 28 |
| Total Price of Outputs | 846 | 846 | 846 |
| Total for Outcome 1 | 846 | 846 | 846 |
| 1998-99 | 1999-00 | |
| Staff Years (Number) | 4 | 4 |
The output of CASAC is similar to the first output of the Australian Securities and Investments Commission: policy and guidance about the laws administered by ASIC. CASAC focuses on the legislation related to companies and securities, and its operations involve initiating major policy innovation in corporate law, reviewing procedural and other issues in current practice without changing fundamental underlying policy, and reviewing draft legislative policy and Bills. This is basic to the achievement of the Government outcome of confident and informed participation of investors and consumers in the financial system.
| Table 2.3: Performance Information 1999-2000 | |
| Performance Information for Agency Outputs | |
| Output Group 1.1 -- Companies and Securities Advisory Committee | |
| Output 1.1.1 -- Annual Report,
Discussion Papers and Reports Output 1.1.2 -- Recommendations |
The Advisory Committee seeks to
stimulate and lead public debate on the enhancement of standards for corporations and
participants in financial markets, and propose suitable regulatory reform where necessary. To achieve these performance goals, the Advisory Committee seeks the expert advice of its Legal Committee, encourages public comment on its Discussion Papers and thoroughly reviews all submissions received on them. This well established process of public review is designed to ensure that the commercial community has the opportunity to fully participate in the law reform process. Through this consultation and review process, and the provision of timely advice to the Treasurer in the form of Advisory Committee Reports and other Papers, the Committee seeks to ensure that Australian financial markets and corporations continue to operate in a commercial environment of the highest standards supported by appropriate legislation. |
There are no planned evaluation activities in the 1999-2000 financial year.
