Section 2: Revisions to agency outcomes

Outcomes, administered items and outputs

Table 1.1 ‘Agency outcomes and output groups’ lists the outcome statements and output groups for Treasury.

As the Royal Australian Mint (the Mint) became a prescribed agency effective from 1 July 2005, Output 3.1.5 — Circulating coin and like products is no longer an output of Treasury’s. No changes have been made to Outcome 1 or 2.

Output cost attribution

The cost of each output is comprised of direct and indirect costs. Direct costs are assigned to outputs according to detailed cost profiles. Indirect costs that comprise corporate and overhead items such as information technology, accommodation, financial and human resource management are allocated to outputs based on a consumption (cost driver) basis.

Figure 2: New outcome and output structure for Outcome 3

Revised performance information — 2005-06

The variation in appropriation funding for new Measures will not affect the performance information disclosed in the 2005-06 Portfolio Budget Statements. However, as the Mint became a prescribed agency effective from 1 July 2005 the performance information related to Output 3.1.5 is no longer applicable.

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