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Portfolio Budget Statements
Companies and Securities Advisory Committee

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Section 1: Overview, Appropriations and Budget Measures Summary

OVERVIEW

The Companies and Securities Advisory Committee (CASAC) was established in September 1989. Its role, as set out in Section 148 of the Australian Securities and Investments Commission Act 1989 (the ASIC Act), is to advise the Minister on any matters concerning the Corporations Law or improving the efficiency of securities or futures markets. The Committee does not have any statutory role to advise on those insurance or trade practices consumer protection matters that were added to the jurisdiction of ASIC in 1998. ASIC has established a non-statutory Consumer Advisory Panel to advise it on issues affecting consumers.

The Legal Committee was established in September 1991 to provide expert legal analysis, assessment and advice to the Advisory Committee.

The members of the Advisory Committee and Legal Committee are appointed in their personal capacity by the Treasurer.

APPROPRIATIONS

Total appropriations for the CASAC in the 1999-2000 Budget are $0.8 million (see Table 1.1).

Companies and Securities Advisory Committee -- Appropriations 1999-2000
Table 1.1: Appropriations ($'000)

Outcomes




 Administered Expenses Price of Outputs Total Appropriations (e)






 Total Estimated Expenses
Special Appropriations
(a)



Annual Appropriations Total Administered Appropriations



Total Price of Outputs(c)



Revenue from Other Sources(d)



Revenue from Government (Appropriations)
Bill 1

 Bill 2
(SPPs & NAOs)(b) 		Special

 Annual Bill 1

 Total
(A) (B) (C) (D=A+B+C) (E) (F) (G) (H=E-F-G) (I=G+H) (J=D+I) (K=J+F)
Outcome 1 -- Confident and informed participation of investor and consumers in the financial system





-





-





-





-





846





28





-





818





818





818





846
Total - - - - 846 28 - 818 818 818 846
Bill 2 Administered Capital(b) -  
Bill 2 Agency Equity Injections and Loans(b) -  
Total Appropriations 818  
  1. Estimated expenses from individual Special Appropriations are shown in Appendix 2.
  2. Under the proposed Appropriation Structure, Bill 2 includes Specific Purpose Payments (SPPs), New Agency Outcomes (NAOs), Administered Capital and Agency Capital via Agency Injections and Loans.
  3. Refer to Budget Statement of Revenue and Expenses for Application of Agency Revenue (see Table 3.1).
  4. Other Revenue includes other revenue from Government (eg resources free of charge) and revenue from other sources (eg sales of goods and services).
  5. Links from Appropriations to Budget Financial Statements include Budget Statement of Revenue and Expenses (see Table 3.1); and Capital Budget (see Tables 3.4 & 3.5).

ADMINISTERED CAPITAL AND EQUITY INJECTIONS AND LOANS

CASAC does not have an appropriation for an equity injection or loan or an appropriation for administered capital in 1999-2000.

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