Section 3: Outcomes
General government sector (GGS) agencies are required to plan, budget and report under an outcomes structure. GGS agencies produce outputs (departmental items) and also administer items on behalf of the Government (administered items).
This section summarises how the resources identified in Section 2 will be used to contribute to the outcome for the Corporations and Markets Advisory Committee (CAMAC). Key performance measures and performance evaluation activities are specified for the outcome.
3.1 Summary of outcomes and contribution to outcomes
The relationship between activities of CAMAC and its outcome is summarised in the below figure.
Figure 2: Contributions to outcomes
There have been no changes to CAMAC’s outcome or outputs from the Portfolio Budget Statements 2006-07.
3.2 Outcome resources and performance information
3.2.1 Outcome 1 resourcing
Table 3.1 shows how the 2007-08 Budget appropriations translate to total resourcing for Outcome 1, including departmental appropriation and revenue from other sources.
Table 3.1: Total resources for Outcome 1
3.2.2 Measures affecting Outcome 1
CAMAC does not have any 2007-08 Budget measures.
3.2.3 Contributions to achievement of Outcome 1
The output of CAMAC focuses on the legislation related to corporations and financial markets. Its operations involve either on its own initiative or at the request of the Government conducting major policy reviews, which may include analysing procedural and other issues in current practice. This process is basic to achieving the Government outcome of fair and efficient financial markets characterised by integrity and transparency and supporting confident and informed participation of investors and consumers.
Administered activities
CAMAC does not administer any activities on behalf of the Australian Government.
Departmental outputs
Output 1.1.1 Annual Report and discussion papers
The Advisory Committee publishes discussion papers that seek to inform, stimulate and lead public debate on the enhancement of standards for corporations and participants in financial markets. For this purpose, the papers propose regulatory reform where necessary. This public consultation process is designed to ensure that the commercial community has the opportunity to participate fully in the law reform process.
The Committee’s annual report consolidates this public consultation process by summarising in a publicly available document the work of the Committee over the previous financial year.
Output 1.1.2 Recommendations and reports
The Committee builds on the public consultation process by thoroughly reviewing all submissions on discussion papers and providing timely advice to the Australian Government in the form of Advisory Committee reports, containing detailed law reform recommendations, where appropriate.
3.2.4 Performance information for Outcome 1
Performance information for individual outputs and output groups relating to CAMAC are summarised in Table 3.2.
Table 3.2: Performance information for Outcome 1
3.2.5 Evaluations for Outcome 1
There are no planned evaluation activities in the 2007-08 financial year.