Departmental

Appropriation Act

Adjustments to Appropriations

Total Appropriation

Appropriation applied in 2020 (current and prior years)

Variance

_Notes:

_{1. In 2019–20, there were no appropriations that have been quarantined.}

_{2. Departmental Capital Budgets are appropriated through Appropriation Acts (No. 1, 3, 5). They form part of ordinary annual services, and are not separately identified in the Appropriation Acts. AFSA did not have any administered capital budgets.}

Departmental

Appropriation Act

Adjustments to Appropriations

Total Appropriation

Appropriation applied in 2019 (current and prior years)

Variance

_Notes:

_{1. In 2018–19, in accordance with a Section 51 direction, $14,221,130 has been withheld.}

_{2. In 2018–19, there were no appropriations that have been quarantined.}

_{3. Departmental Capital Budgets are appropriated through Appropriation Acts (No. 1, 3, 5). They form part of ordinary annual services, and are not separately identified in the Appropriation Acts. AFSA did not have any administered capital budgets.}

Departmental

Appropriation Act (No. 1) 2016-17¹

Appropriation Act (No. 1) 2017-18¹

Appropriation Act (No. 1) 2018-19

Appropriation Act (No. 1) 2019-20

Total departmental

_{1. Amounts from 2016–17 and 2017–18 are quarantined.}

_{AFSA did not receive any administered annual appropriations (2019: Nil).}

Bankruptcy Act 1966 Section 286(3), (Administered)

Customs Act 1901 Section 208DA(3), (Administered)

Mutual Assistance in Criminal Matters Act 1987 Section 34B (3) (Administered)

Proceeds of Crime Act 2002 Section 70(1)(b), (Administered)

Proceeds of Crime Act 2002 Section 100(1)(b), (Administered)

Total for special appropriations

Public Governance, Performance and Accountability Act 2013 Section 77

Total for refund special appropriations

Total special appropriations applied

Balance brought forward from previous period

Increases

Decreases

Departmental

Total decreases

Balance represented by:

Cash held in entity bank accounts

_{1. Appropriation: Public Governance, Performance and Accountability Act 2013 section 80.}

_{Establishing Instrument: Bankruptcy Act 1966, section 20G}

_{Purpose: For handling interest derived from the investment of money in the Common Investment Fund in accordance with sections 20H and 20J of the Bankruptcy Act 1966.}

_{2. Appropriation: Public Governance, Performance and Accountability Act 2013 section 80.}

_{Establishing Instrument: Proceeds of Crime Act 1987, section 34A}

_{Purpose: To receive and deal with proceeds of confiscated assets in accordance with sections 34B -34E of the Proceeds of Crime Act 1987.}

_{3. Appropriation: Public Governance, Performance and Accountability Act 2013 section 80.}

_{Establishing Instrument: Proceeds of Crime Act 2002, section 295}

_{Purpose: The purpose of the account is to receive and deal with proceeds of confiscated assets in accordance with sections 296 – 298 of the Proceeds of Crime Act 2002.}

_{4. Appropriation: Public Governance, Performance and Accountability Act 2013 section 78.}

_{Establishing Instrument: Financial Management and Accountability Act 1997, section 20, Financial Management and Accountability Determination 2012/12.}

_{Purpose: For the expenditure of moneys temporarily held on trust or otherwise for the benefit of a person other than the Commonwealth.}

Amounts applied

Departmental

Total amounts applied

Expenses

Total expenses

External Revenue

Total external revenue

Amounts written off

Total amounts written off

Regulatory Charging and Own Source Revenue

Departmental expenses are funded through Annual Appropriations and Own source revenue. In turn these resources are utilised to generate departmental and administered revenue.

The activities which AFSA performs regulatory charging for are:

Insolvency Activities

Fees and charges relating to the administration of the Bankruptcy Act 1966 including registry, estate administration, regulation and enforcement. It also includes charges for administration of matters under Proceeds of Crime legislation.

Documentation (the Cost Recovery Implementation Statement) for Insolvency activities, is available at https://www.afsa.gov.au/about-us/financial-information/cost-recovery-implementation-statement

Personal Property Security Register (PPSR) Activities

Fees and charges relating to the operation of the PPSR relate to the registration of security interests, and searches of the register by stakeholders.

Documentation (the Cost Recovery Implementation Statement) for PPSR activities, is available at https://www.ppsr.gov.au/cost-recovery-implementation-statement

Total comprehensive income/(loss) less depreciation/amortisation expenses previously funded through revenue appropriations

Less: depreciation/amortisation expenses previously funded through revenue appropriation

Less: depreciation on right-of-use assets

Plus: principal repayments - leased assets

Total comprehensive income - as per the Statement of Comprehensive Income

From 2010–11, the Government introduced net cash appropriation arrangements where revenue appropriations for depreciation/amortisation expenses ceased. Entities now receive a separate capital budget provided through equity appropriations. Capital budgets are to be appropriated in the period when cash payment for capital expenditure is required.

The inclusion of depreciation/amortisation expenses related to right-of-use leased assets and the lease liability principle repayment amount reflects the cash impact on implementation of AASB 16 Leases, it does not directly reflect a change in appropriation arrangements.