Part C
agency additional estimates statements
australian competition and consumer commission
Section 1: Overview, variations
and measures
Agency overview
There has been no change to the overview included in the 2003-04 Portfolio Budget Statements (page 67).
Additional estimates and variations to outcomes
The following variations contributed to a net increase in agency outputs of $7.581 million for the Australian Competition and Consumer Commission (ACCC).
Measures
Outcome 1 — To enhance social and economic welfare of the Australian community by fostering competitive, efficient, fair and informed Australian markets
Australian Competition and Consumer Commission — additional funding
The Government will provide the Australian Competition and Consumer Commission with additional funding of $6.770 million in 2003-04 to meet additional cost pressures.
The additional funding in 2003-04 will ensure that the Australian Competition and Consumer Commission has sufficient resources to manage its current commitments without compromising its effectiveness in fostering competitive markets.
Budget estimates — enhanced quality and timeliness
The Government will provide additional funding to agencies of $88.5 million over five years (including $0.1 million in 2007-08) to implement the Budget Estimates and Framework Review (BEFR) recommendations. This funding includes capital of $7.4 million over four years.
In the 2003-04 Budget the Government made provision for $78 million over five years to improve the accuracy, responsiveness and effectiveness of agencies’ contribution to the Commonwealth’s budget estimates and framework system and to assist agencies to drive improved financial management and reporting within their organisations. The Government has provided an extra $10.5 million over five years to fund agencies to implement the BEFR recommendations.
Other variations to appropriations
The ACCC is seeking additional price of outputs funding of $0.069 million for the increase to the Comcover premium and $0.463 million depreciation supplementation.
Measures — Australian Competition and Consumer Commission summary
Table 1.1: Summary of measures since the 2003-04 Budget
Map 2: Outcomes and output groups for the agency
Breakdown of additional estimates by appropriation bill
Table 1.2: Appropriation Bill (No. 3) 2003-04
Table 1.3: Appropriation Bill (No. 4) 2003-04
Summary of staffing changes
Table 1.4: Average staffing level (ASL)
Variations to revenue from other sources through net annotated (Section 31) receipts
Table 1.5: Changes to net annotated appropriations (Section 31) receipts
Agency and administered revenues
Table 1.6: Agency and administered revenues
Estimated special account flows
Table 1.8: Estimated special account flows
(1) The revised Opening Balance for 2003-04 (reference A) is the same as the final actual closing balance for 2002-03 (reference B). This balance may have changed from that shown in the 2003-04 Portfolio Budget Statements as the actual for 2002-03 will have been updated to reflect the final budget outcome for the year.
(2) The special accounts are departmental in nature and are governed by the Financial Management and Accountability Act 1997.