Appendix C: Statement of Risks (continued)
Details of fiscal risks and contingent liabilities
New or revised fiscal risks and contingent liabilities with a possible impact on the forward estimates greater than $20 million in any one year, or $50 million over the forward estimates period, that have arisen or changed since the 2014‑15 Budget are described below and summarised in Table C1.
Information on both contingent assets and contingent liabilities is also provided in the annual financial statements of departments, agencies and non‑budget entities.
| Fiscal risks | |
|---|---|
| Defence | |
| Major overseas operations of the Australian Defence Force in the Middle East in 2014‑15 | Modified |
| Treasury | |
| Standby loan facility for the Government of Indonesia | Modified |
| Significant but remote contingencies | |
| Communications | |
| NBN Co Limited — Equity Agreement | Modified |
| Telstra Financial Guarantee | Modified |
| Defence | |
| Remote contingencies | Modified |
| Litigation cases | Modified |
| Treasury | |
| Financial Claims Scheme | Modified |
| Guarantee of State and Territory Borrowing | Modified |
| Guarantee Scheme for Large Deposits and Wholesale Funding | Modified |
| Guarantees under the Commonwealth Bank Sale Act 1995 | Modified |
| Reserve Bank of Australia — guarantee | Modified |
| Contingent liabilities — unquantifiable | |
| Agriculture | |
| Compensation claims arising from suspension of livestock exports to Indonesia | Modified |
| Defence | |
| Non‑remote contingent liabilities | Modified |
| Finance | |
| Indemnities relating to other former asset sales, privatisations and information technology outsourcing projects | Modified |
| Litigation — Davis Samuel case | Removed |
| Health | |
| Australian Medical Association — Private Mental Health Alliance | Modified |
| Termination of Medicare Local Deed for Funding | New |
| Infrastructure and Regional Development | |
| Service Delivery Arrangements Indemnities | New |
| Contingent assets — unquantifiable | |
| Defence | |
| Non‑remote contingent assets | Modified |
| Contingent liabilities — quantifiable | |
| Defence | |
| Claims against the Department of Defence | Modified |
| Foreign Affairs and Trade | |
| Export Finance and Insurance Corporation | Modified |
| Australian Response to the outbreak of Ebola in West Africa | New |
| Treasury | |
| Australian Taxation Office — tax disputes | Modified |
| International Financial Institutions — uncalled capital subscriptions | Modified |
| International Monetary Fund | Modified |
| Defence | |
| Claims against the Department of Defence | New |
| Foreign Affairs and Trade | |
| Export Finance and Insurance Corporation | New |
(a) Risks appearing in Budget Paper No. 1, Budget Strategy and Outlook 2014‑15, Statement 8, but not listed in the table above are substantially unchanged.