Part C
Agency Additional Estimates Statements
The Treasury
Section 1: Overview, variations and measures
Department overview
There has been no change to the overview included in the 2004-05 Portfolio Budget Statements (page 9).
Map 2: Outcomes and output groups
Additional estimates and variations to outcomes
The Treasury is seeking $13.9 million in departmental outputs through Appropriation Bill (No. 3) 2004-05 for the Review of Aspects of Income Self-Assessment ($1.6 million), the National Consumer and Financial Literacy Foundation ($4.2 million), the National Consumer and Financial Literacy Information Programme ($8.0 million), and revised parameters ($0.2 million) less an adjustment to the Comcover premium ($0.06 million).
The Treasury is also seeking $3.3 million in departmental and administered outputs through Appropriation Bill (No. 4) 2004-05 for the National Consumer and Financial Literacy Foundation ($0.8 million — departmental), the additional $7,000 First Home Owners Scheme ($2.3 million — administered), and commitments to the European Bank for Reconstruction and Development ($0.2 million — administered).
The Treasury has identified departmental savings of $0.4 million in relation to previous year’s outputs and administered savings of $0.05 million in relation to revised parameters.
In addition, the Treasury has other variations to appropriations in departmental funding for the transfer of responsibilities for the administration of product safety and related consumer information functions to the Australian Competition and Consumer Commission (ACCC) of $0.7 million.
Measures
Outcome 1 — Sound macroeconomic environment
Outcome 2 — Effective government spending and taxation arrangements
Outcome 3 — Well functioning markets
Other variations to appropriations
(1) This is a cross outcome variation and will be allocated between Outcome 1, Outcome 2 and Outcome 3.
(2) This variation relates to Outcome 3.
Measures — Treasury summary
Table 1.1: Summary of measures since the 2004-05 Budget
Breakdown of additional estimates by appropriation bill
Table 1.2: Appropriation Bill (No. 3) 2004-05
(1) Original budget as shown in the 2004-05 Portfolio Budget Statements.
(2) Original budget as shown in the 2004-05 Portfolio Budget Statements less section 32 transfers ($0.7 million to the ACCC for the consumer safety and related consumer information functions).
Table 1.3: Appropriation Bill (No. 4) 2004-05
Summary of staffing changes
Table 1.4: Average staffing level (ASL)
(1) Variation is made up of increases in staff numbers due to new measures in addition to a revision of the original estimate.
Variations to revenue from other sources through net annotated (Section 31) receipts
Table 1.5: Changes to net annotated appropriations (Section 31) receipts
(1) Variation in non-government revenue is due to internal re-allocations.
Summary of Treasury savings
The Treasury has identified total savings of $0.451 million. This is represented by administered savings of $0.05 million for funding that is no longer required for Compensation — Companies Regulation expenses as a result of revised parameters and $0.4 million in departmental savings relating to previous year’s outputs.
Departmental and administered revenues
Table 1.6: Departmental and administered revenues
Estimates of expenses from special appropriations
Table 1.7: Estimates of expenses from special appropriations
Estimated special account flows
Table 1.8: Estimated special account flows
(1) The revised opening balance for 2004-05 (reference A) is the same as the final actual closing balance for 2003-04 (reference B). This balance may have changed from that shown in the 2004-05 Portfolio Budget Statements as the actual for 2003-04 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.
This table identifies estimates of special account flows and balances. All special accounts appear under Outcome 3.