Part C

Agency additional estimates statements
Page
Department of the Treasury	9
Australian Bureau of Statistics	27
Australian Office of Financial Management	37
Australian Securities and Investments Commission	54
Australian Taxation Office	70

Department of the Treasury
Section 1:  Overview, additional estimates and variations to outcomes
Overview
There has been no change to the overview included in the 2000-01 Portfolio Budget Statements.
Additional estimates and variations to outcomes  
The Department of the Treasury is seeking $2.267 million in departmental outputs for the inquiry into charitable and related organisations, revised parameters and transfer of funding from administered expenses to departmental outputs for the GST Start-Up Assistance Office (GSTSAO) in Appropriation Bill (No. 3) 2000-01.
The Department of the Treasury is also seeking $10.063 million in administered expenses for the carryover of unspent funds from 1999-2000 for the GSTSAO in Appropriation Bill (No. 3) 2000-01, $0.135 million in administered expenses for a CPI adjustment in Appropriation Bill (No. 4) 2000-01 and $14.742 million for Administered Capital due to a reclassification in Appropriation Bill (No. 4) 2000-01.
Explanations for these variations are detailed below.
Measures
Outcome 2  Effective government spending and taxation arrangements

Inquiry into charitable and related organisations
On 18 September 2000, the Prime Minister announced the details of an independent inquiry into definitional issues relating to charitable, religious and community service not-for-profit organisations. Funding of $283,000 is to be provided to the Department of the Treasury in 2000-01. The inquiry is intended to provide the Government with options for enhancing the clarity and consistency of existing definitions with respect to Commonwealth law and administrative practice. These should lead to legislative and administrative frameworks that are appropriate for Australia’s current social and economic environment.
Other variations to appropriations
Departmental
Treasury is seeking an additional $0.184 million in departmental outputs as a result of revised parameters. This, along with a reallocation of corporate cost distribution, has an impact on Treasury’s three outcomes. This results in net additional funding for departmental outputs in Appropriation Bill (No. 3) 2000-01 of $0.184 million.
The government agreed to transfer $1.8 million from the GSTSAO administered expenses to departmental outputs to cover costs associated with the GSTSAO and The New Tax System Advisory Board. This results in additional funding of $1.8 million for departmental outputs in Appropriation Bill (No. 3) 2000-01 under Outcome 2 ‘Effective government spending and taxation arrangements’.
In addition there is an anticipated reduction in net annotated appropriations (section 31) receipts of $3.006 million due to revised estimates for the Australian Government Actuary ($0.183 million) and the Royal Australian Mint ($2.823 million).
Administered
The government agreed that the GSTSAO could carryover unspent funding from its administered expenses in 1999-2000 of $10.063 million to 2000-01. This carryover takes into account the $1.8 million transfer from administered expenses to departmental outputs and $0.88 million transfer to the Department of Workplace Relations and Small Business to fund the extension of the signpost officer contracts. This results in additional funding of $10.063 million for administered expenses in Appropriation Bill (No. 3) 2000-01 under Outcome 2 ‘Effective government spending and taxation arrangements’.
Treasury is seeking $0.135 million in administered expenses as a result of using the final CPI for the previous financial year to calculate compensation payments due to the States and Northern Territory for loss of revenue under the Corporations Agreement. This results in additional funding of $0.135 million for administered expenses in Appropriation Bill (No. 4) 2000‑01 under Outcome 3 ‘Well functioning markets’.

There has been a funding reclassification associated with the General Capital Increase for the European Bank for Reconstruction and Development and the Multilateral Investment Guarantee Agency. In the 2000-01 Budget these items were classified as Special Appropriations and have now been reclassified as Administered Capital. This results in an appropriation of $14.724 million for Administered Capital in Appropriation Bill (No. 4) 2000-01.

Chart 2:  Department of the Treasury outcomes and outputs 
	Department of the Treasury
Secretary:  Mr Ted Evans
Total Price of Outputs:  $107.5 million
Departmental Outputs Appropriation:  $74.2 million
Total Administered Appropriations:  $28,157.0 million		
									
	Overall Outcome
Strong, sustainable economic growth and the improved wellbeing of Australians		

	Outcome 1
Sound macroeconomic environment				Outcome 2
Effective government spending and taxation arrangements				Outcome 3
Well functioning markets		
																					
	Output Group 1.1
Economic
Total Price:  	$18.3 million
Dept Outputs Approps:	$17.9 million
Administ’d Approps:  	$50.7 million				Output Group 2.1
Budget
Total Price:  	$30.0 million
Dept Outputs Approps:	$28.0 million
Administ’d Approps:  	$27,951.0 million				Output Group 3.1
Markets
Total Price:  	$59.2 million
Dept Outputs Approps:	$28.3 million
Administ’d Approps:  	$155.3 million		

Output 1.1.1
Domestic economic policy advice and forecasting		Output 1.1.2
International economic policy advice and assessment		Output 2.1.1
Budget policy advice and coordination		Output 2.1.2
Common-wealth-State financial policy advice		Output 2.1.3
Industry policy advice		Output 2.1.4
Taxation and income support policy advice		Output 2.1.5
Actuarial services		Output 3.1.1
Foreign investment policy advice and admin-istration		Output 3.1.2
Financial system and markets policy advice		Output 3.1.3
Business and consumer policy advice		Output 3.1.4
Circulating coin and like products	

Measures:  Department of the Treasury summary
Table 1.1:  Summary of measures since the 2000‑01 Budget

Breakdown of additional estimates by appropriations bill
Table 1.2:  Appropriation Bill (No. 3) 2000‑01

*	Following a reclassification, these balances should be read in conjunction with the disclosure shown in Table 1.3 Appropriation Bill (No. 4) 2000-01 for Outcome 2.

Table 1.3:  Appropriation Bill (No. 4) 2000‑01

*	Following a reclassification, these balances should be read in conjunction with the disclosure shown in Table 1.2 Appropriation Bill (No. 3) 2000-01 for Outcome 2.
Variations to revenue from other sources through net annotated appropriations (section 31) receipts
Table 1.5:  Changes to net annotated appropriations (section 31) receipts

Section 2:  Revisions to outcomes and outputs
Outcomes and output groups
There has been no change to Treasury’s outcomes and output groups.
Outcome 1 — Sound macroeconomic environment
Revised performance information and level of achievement — 2000‑01
The variation in funding is to a pre-existing output that will not effect the performance information under Outcome 1 since the 2000-01 Portfolio Budget Statements.
Outcome 2 — Effective government spending and taxation arrangements
Revised performance information and level of achievement — 2000‑01
The variation in funding is to a pre-existing output that will not effect the performance information under Outcome 2 since the 2000-01 Portfolio Budget Statements.
Outcome 3 — Well functioning markets
Revised performance information and level of achievement — 2000‑01
The variation in funding is to a pre-existing output that will not effect the performance information under Outcome 3 since the 2000-01 Portfolio Budget Statements.

Section 3:  Budgeted Financial Statements
Budget statement of revenues and expenses 
This statement provides a picture of the expected financial results for the Department of the Treasury by identifying expenses and revenues on an accrual basis, which highlights whether the Department is operating at a sustainable level.
Budget statement of assets and liabilities
This statement shows the financial position of the Department. It enables decision‑makers to track the management of Departmental and Administered assets and liabilities.
Budget cash flow statement
This statement identifies expected cash flows from departmental and administered operating activities, investing activities and financing activities.
Capital budget statement
This statement shows all proposed capital expenditure for departmental and administered items funded either through capital appropriations or from internal sources.

Table 3.1:  Budget statement of revenues and expenses

Table 3.2:  Budget statement of assets and liabilities (Departmental)

Table 3.2:  Budget statement of assets and liabilities (Administered)

Table 3.3:  Budget cash flow statement (Departmental)

Table 3.3:  Budget cash flow (Administered)

Table 3.4:  Capital budget statement 

Notes to the financial statements
Basis of accounting
The Department of the Treasury’s budget statements are prepared in compliance with Australian Accounting Standards, Accounting Guidance Releases and having regard to Statements of Accounting Concepts.
Under the Commonwealth’s accrual budgeting framework, and consistent with Australian Accounting Standards, transactions that agencies control (departmental transactions) are separately budgeted for and reported on from transactions agencies do not have control over (administered transactions). This ensures that agencies are only held accountable for the transactions over which they have control.
Departmental
Departmental assets, liabilities, revenues and expenses in relation to an agency are those which are controlled by the agency. Departmental expenses included employee and supplier expenses and other administrative costs that are incurred by the agency in providing its goods and services.
There are no substantial variations to the notes outlined in the 2000-01 Portfolio Budget Statements and The Treasury Annual Report 1999-2000.
Administered
Administered items are revenues, expenses, assets or liabilities which are managed by an agency on behalf of the Government according to set Government directions. Administered expenses include subsidies, grants, and personal benefit payments and administered revenues include taxes, fees, fines and excises.
There are no substantial variations to the notes outlined in the 2000-01 Portfolio Budget Statements and The Treasury Annual Report 1999-2000.

Appendix 1
Non-appropriation departmental and administered revenue

Appendix 2
Estimates from special appropriations