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Administered Reconciliation Schedule

Administered Reconciliation Schedule

for the period ended 30 June 2021






Opening assets less liabilities as at 1 July



Adjustment to administered cash held



Adjustment on initial application of AASB 15/AASB 1058



Adjusted opening assets less liabilities



Net (cost of)/contribution by services





Payments to entities other than corporate Commonwealth entities



Transfers from the Australian Government

Transfers from OPA



Appropriation transfers to OPA

Transfers to OPA



Closing assets less liabilities as at 30 June



The above schedule should be read in conjunction with the accompanying notes.

Accounting Policy

Administered Cash Transfers to and from the Official Public Account

Revenue collected by the entity for use by the Government rather than the entity is administered revenue. Collections are transferred to the Official Public Account (OPA) maintained by the Department of Finance. Conversely, cash is drawn from the OPA to make payments under Parliamentary appropriation on behalf of Government. These transfers to and from the OPA are adjustments to the administered cash held by the entity on behalf of the Government and reported as such in the schedule of administered cash flows and in the administered reconciliation schedule.