Administered Reconciliation Schedule
AS AT 30 JUNE 2020
2020 | 2019 | |
|---|---|---|
Opening assets less liabilities as at 1 July | 56,550 | 2,710 |
Net contribution by services: | ||
Administered income | 1,560,358 | 1,343,493 |
Administered expenses | (203,093) | (128,988) |
1,357,265 | 1,214,505 | |
Transfers (to)/from the Australian Government | ||
Appropriation transfers from Official Public Account: | ||
Special (unlimited) and ordinary appropriations | ||
Appropriation Act No. 1 | 5,059 | 15,004 |
Banking Act unclaimed monies | 25,450 | 16,535 |
Life Insurance Act unclaimed monies | 5,979 | 4,081 |
Section 77 PGPA Act | 29,630 | 37,104 |
Total of appropriation transfers from Official Public Account | 66,118 | 72,724 |
Administered transfers to Official Public Account | (1,458,835) | (1,233,389) |
Closing assets less liabilities as at 30 June | 21,098 | 56,550 |
The above schedule should be read in conjunction with the accompanying notes.
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https://www.transparency.gov.au/annual-reports/australian-securities-and-investments-commission/reporting-year/2019-20-34