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Administered Reconciliation Schedule

for the period ended 30 June 2019

2019

2018

$'m

$'m

Opening assets less liabilities as at 1 July1

26,812

25,076

Adjustments to equity

FTB equity transfer

109

117

HELP equity transfer

614

359

TSL equity transfer

40

-

SFSS equity transfer

(1)

(6)

Net (cost of)/contribution by services

Income

432,357

405,819

Expenses

(18,051)

(18,935)

Transfers (to)/from Australian Government

Appropriation transfers from the Official Public Account

Annual appropriations

2

-

Special appropriations (unlimited)

113,445

107,534

Appropriation transfers to the Official Public Account

Transfers to the Official Public Account

(527,521)

(493,152)

Closing assets less liabilities as at 30 June

27,806

26,812

1 Prior year adjustments have been made to these numbers. Refer to Overview.

Accounting Policy

Administered cash transfers to and from the Official Public Account

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