22: Departmental restructuring
Under the Modernising Business Registers (MBR) Program, the Government decided to establish a new whole of government registry platform, the Australian Business Registry Services (ABRS). As part of the MBR Program the Commission of Taxation was appointed as the Commonwealth Registrar of the ABRS. In 2020-21 the ATO assumed responsibility for certain registry staff and services from the Australian Securities and Investments Commission effective 15 April 2021.
Note 22: Departmental Restructuring | |
Modernising Business Registers | |
Australian Securities and Investments Commission | |
$’000 | |
Assets recognised | |
Appropriation receivable | 9,192 |
Prepayments | 42 |
Buildings | 15,339 |
Buildings - leasehold improvements | 2,518 |
Property, plant and equipment | 27 |
Total assets recognised | 27,118 |
Liabilities recognised | |
Employee provisions | 5,090 |
Leases | 16,006 |
Other provisions | 120 |
Total liabilities recognised | 21,216 |
Net assets assumed | 5,902 |
Income | |
Recognised by the receiving entity | 4,143 |
Recognised by the losing entity | 18,134 |
Total income assumed | 22,277 |
Expenses | |
Recognised by the receiving entity | 4,321 |
Recognised by the losing entity | 18,134 |
Total expenses assumed | 22,455 |
Visit
https://www.transparency.gov.au/annual-reports/australian-taxation-office/reporting-year/2020-21-73