National Competition Council
Section 1:  Overview, appropriations and budget measures summary
Overview
The role of the National Competition Council (NCC) is to oversight and assist the implementation of National Competition Policy and related reforms outlined in frameworks developed and agreed by all Australian governments. Its responsibilities also include assisting public awareness of governments’ competition reform agendas, recommending on the design and coverage of infrastructure access regimes under Part IIIA of the Trade Practices Act 1974, and assessing whether the Commonwealth, States and Territories have made satisfactory progress towards their commitments to competition policy reform.
Through constructive engagement with governments the NCC works towards completing the reform program agreed in April 1995. The NCC also helps the community to become better attuned to the scope and potential favourable outcomes of competition reform. This approach facilitates increased competition to be introduced where it will result in greater economic growth, less unemployment, better social outcomes and the better use of resources for the benefit of all Australians. This vision is embodied in the Council’s mission: ‘To help raise the living standards of the Australian community by ensuring that conditions for competition prevail throughout the economy that promote growth, innovation and productivity’.
Appropriations
The total appropriation for the NCC in the 2002‑03 Budget is $3.6 million. Table 1.1 on the following page provides this detail.

National Competition Council — appropriations 2002-03
Table 1.1:  Appropriations and other revenue ($‘000)
1.	References C1 and E1 refer to information provided in Table 2.1. K1 refers to information provided in Table 3.1, Budgeted Statement of Financial Performance.
2.	Refer to Budgeted Statement of Financial Performance in Table 3.1 for application of agency revenue.
3.	Revenue from other sources includes other revenue from government (for example, resources free of charge) and revenue from other sources (for example, sales of goods and services). Non-appropriated agency revenues are detailed in Appendix 1.
Note:  Percentage figures indicate the percentage contribution of revenue from government (agency appropriations) to the total price of outputs, by outcome.

Equity injections and loans
The NCC does not have an appropriation for an equity injection or loan in the 2002‑03 Budget.

Section 2:  Outcomes and outputs information
Outcomes and output groups
Map 2 shows the relationship between Government outcomes and the contributing outputs for the National Competition Council (NCC). Financial detail for Outcome 1 by output appears in Table 2.1 while non‑financial information for Outcome 1 appears in Table 2.2.
Map 2:  Outcomes and output groups

Changes to outcomes and outputs
There is no change to the outcome or outputs from the previous year.
Outcome 1 — Description
The achievement of effective and fair competition reforms and better use of Australia’s infrastructure for the benefit of the community.
Measures affecting Outcome 1
There are no measures for the NCC in the 2002‑03 Budget.
Outcome 1 — Resourcing
Table 2.1 shows how the 2002‑03 appropriations translate to total resourcing for Outcome 1, including revenue from government (appropriation), revenue from other sources, and the total price of outputs. 
Table 2.1:  Total resources for Outcome 1 ($’000)

(1)	 C1 and E1 show the links back to Table 1.1.
Outcome 1 — Contribution of outputs
The NCC pursues goals and strategies that allow it to provide advice to governments on competition policy and infrastructure access and public information on competition policy. These goals and strategies work towards the achievement of effective and fair competition reforms and better use of Australia’s infrastructure for the benefit of the community.
Performance information for Outcome 1
Table 2.2  Performance information for Outcome 1

Evaluations
Internal, informal monitoring of the NCC’s performance and output is undertaken on a continuous basis.

Section 3:  Budgeted financial statements
The budgeted financial statements will form the basis of the financial statements that will appear in the NCC’s 2001‑02 Annual Report and form the basis for the Council’s input into the Whole of Government Accounts. The financial statements should be read in conjunction with the accompanying notes.
The budgeted financial statements have been prepared in accordance with the Goods and Services Tax (GST) accounting guidelines of the Urgent Issues Group (UIG) of the Australian Accounting Standards Board. The UIG consensus requires that expenses and assets be accounted for net of recoverable GST, revenues be accounted for net of GST payable and that cash flows and accounts payable and receivable be reported gross. Appropriations are thus net of recoverable GST amounts.
Agency Financial Statements
Budgeted agency statement of financial performance
This statement provides a picture of the expected financial results for the NCC by identifying full accrual expenses and revenues. It highlights whether the NCC is operating at a sustainable level.
Budgeted agency statement of financial position 
This statement shows the financial position of the NCC. It enables decision-makers to track the management of the NCC’s assets and liabilities.
Budgeted agency statement of cash flows 
This statement identifies expected cash flows from operating activities, investing activities and financing activities.
Agency capital budget statement 
This statement shows all proposed capital expenditure funded through the Budget as appropriations or from internal sources.
Agency non-financial assets — summary of movement
This statement shows the movement in NCC’s non-financial assets over the budget year 2002‑03.

Table 3.1:  Budgeted Agency Statement of Financial Performance
for the period ended 30 June

(1)	K1 — shows the link back to Table 1.1.

Table 3.2:  Budgeted Agency Statement of Financial Position
as at 30 June

Table 3.3:  Budgeted Agency Statement of Cash Flows
for the period ended 30 June

*	Includes cash and investments.

Table 3.4:  Agency Capital Budget Statement

Table 3.5:  Agency Non-financial Assets — Summary of Movement (Budget year 2002-03)

Notes to the Financial Statements
Basis of accounting
The financial statements have been prepared on an accrual basis in accordance with the historical cost convention.

Appendix 1:  Receipts from independent sources
Receipts from independent sources