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Administrated Schedule

Administrated Schedule of Comprehensive Income​

2019

2018

Original Budget1

Notes

$'000

$'000

$'000

NET COST OF SERVICES

EXPENSES

Suppliers

18A

1,417,965

1,375,432

1,407,129

Subsidies

18B

377,492

449,374

257,058

Personal benefits

18C

245,569

229,180

321,255

Grants

18D

69,769

98,755

71,673

Impairment loss allowance on financial instruments

20

1

-

Write-down and impairment of other assets

112

15

642

Payments to corporate Commonwealth entities

5,990

6,020

5,989

Total expenses administered on behalf of Government

2,116,917

2,158,777

2,063,746

INCOME

Revenue

Taxation revenue

Other taxes

121,192

151,966

113,150

Total taxation revenue

121,192

151,966

113,150

Non-taxation revenue

Commonwealth asset recoveries

59,225

39,626

74,126

Interest

19A

11,147

19

-

Other revenue

19B

9,402

395,500

3,190

Total non-taxation revenue

79,774

435,145

77,316

Total revenue

200,966

587,111

190,466

Gains

Fair value gains from financial instruments

19C

96,131

-

-

Total gains

96,131

-

-

Total income administered on behalf of Government

297,097

587,111

190,466

Net cost of services

(1,819,820)

(1,571,666)

(1,873,280)

OTHER COMPREHENSIVE INCOME

Items not subject to subsequent reclassification to net cost of services

Changes in asset revaluation surplus

-

95,604

-

Total other comprehensive income

-

95,604

-

Total comprehensive loss

(1,819,820)

(1,476,062)

(1,873,280)

  1. The Department’s original budgeted financial statement that was first presented to Parliament in respect of the reporting period was the Portfolio Budget Statements 2018–19. The budgeted financial statements have not been audited.

Accounting Policy

Revenue

All administered revenues are revenues relating to the course of ordinary activities performed by the Department on behalf of the Australian Government. As such, administered appropriations are not revenues of the individual entity that oversees distribution or expenditure of the funds as directed.

Administered revenue is recognised when the service is provided. Collectability of the debt is reviewed at balance date. Impairment allowances are made when collectability of the debt is judged to be less, rather than more, likely.

Administrated Schedule of Assets and Liabilities

2019

2018

Original Budget1

Notes

$'000

$'000

$'000

ASSETS

Financial assets

Cash and cash equivalents

37

40

-

Trade, taxation and other receivables

20A

1,071,822

43,353

38,001

Other investments

20B

-

433,360

346,245

Total financial assets

1,071,859

476,753

384,246

Non-financial assets

Prepayments

6,122

6,314

6,034

Total non-financial assets

6,122

6,314

6,034

Total assets administered on behalf of Government

1,077,981

483,067

390,280

LIABILITIES

Payables

Suppliers

21A

73,307

82,423

80,968

Subsidies

21B

37,734

73,171

36,890

Personal benefits

21C

478

1,422

3,521

Grants

21D

4,019

11,255

2,189

Other payables

21E

10,495

2,290,276

2,424,122

Total payables

126,033

2,458,547

2,547,690

Total liabilities administered on behalf of Government

126,033

2,458,547

2,547,690

Net assets / (liabilities)

951,948

(1,975,480)

(2,157,410)

  1. The Department’s original budgeted financial statement that was first presented to Parliament in respect of the reporting period was the Portfolio Budget Statements 2018–19. The budgeted financial statements have not been audited.

Accounting Policy

Prepayments

All administered prepayments are current assets.

Administered Reconciliation Schedule

2019

2018

$'000

$'000

Opening assets less liabilities as at 1 July

(1,975,480)

(2,418,473)

Net cost of services

Income

297,097

587,111

Expenses

Payments to entities other than corporate Commonwealth entities

(2,110,927)

(2,152,757)

Payments to corporate Commonwealth entities

(5,990)

(6,020)

Other comprehensive income

Revaluations transferred to reserves

-

95,604

Transfers (to)/from the Australian Government

Appropriation transfers from the Official Public Account

Annual appropriations

Payments to entities other than corporate Commonwealth entities

1,791,861

1,742,482

Payments to corporate Commonwealth entities

5,990

6,019

Special appropriations (unlimited)

Payments to entities other than corporate Commonwealth entities

330,541

196,329

Payments to corporate Commonwealth entities

55,152

179,816

Appropriation transfers to the Official Public Account

Transfers to the Official Public Account

(180,807)

(205,591)

Other Adjustments

Restructuring

2,744,511

-

Closing assets less liabilities as at 30 June

951,948

(1,975,480)

Accounting Policy

Administered Cash Transfers to and from the Official Public Account

Revenue collected by the Department for use by the Government rather than the Department 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 Department on behalf of the Government and reported as such in the Schedule of Administered Cash Flows and in the Administered Reconciliation Schedule.

2019

2018

$'000

$'000

OPERATING ACTIVITIES

Cash received

GST received

171,592

161,431

Levies

122,814

149,082

Commonwealth asset recoveries

59,225

39,626

Other

9,494

8,658

Total cash received

363,125

358,797

Cash used

Suppliers

1,594,729

1,539,839

Subsidies

401,213

413,093

Personal benefits

230,846

229,843

Grants

79,180

89,689

Payments to corporate Commonwealth entities

5,990

6,019

Total cash used

2,311,958

2,278,483

Net cash used by operating activities

(1,948,833)

(1,919,686)

INVESTING ACTIVITIES

Cash received

Repayments of advances and loans

85

Total cash received

85

-

Cash used

Loans made

53,535

Total cash used

53,535

-

Net cash used by investing activities

(53,450)

-

Net decrease in cash held

(2,002,283)

(1,919,686)

Cash and cash equivalents at the beginning of the reporting period

40

10

Cash from the Official Public Account

Appropriations

2,183,544

2,124,646

GST appropriations

171,135

166,754

Total cash from the Official Public Account

2,354,679

2,291,400

Cash to the Official Public Account

Appropriations

(180,807)

(205,591)

Return of GST appropriations

(171,592)

(166,093)

Total cash to the Official Public Account

(352,399)

(371,684)

Cash and cash equivalents at the end of the reporting period1

37

40

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

1. As shown in the Administered Schedule of Assets and Liabilities.

Budget Variance Commentary

The following table provides a comparison between the 2018–19 Portfolio Budget Statements (PBS) budget and the final financial outcome in the 2018–19 financial statements. The Budget and Revised Budget is not audited and does not reflect budget estimates presented to Parliament in respect of the 2019 financial year. However, major changes in budget have been explained as part of the variance analysis where relevant.

Variances are considered to be ‘major’ based on the following criteria:

  • the variance between budget and actual is greater than 10 per cent; or
  • an item that is below this threshold but is considered material for the analysis of the performance of the Department.

Administered Major Budget Variances for 2018-2019

Explanations of major variances

Affected line items (and schedule)

Suppliers expense is $10.8m higher than the original budget primarily

due to jobactive providers achieving stronger employment outcomes.

Suppliers (Administered Schedule of Comprehensive Income)

Subsidies expense is $120.4m higher than the original budget due to stronger take-up of wage subsidies, particularly for mature age jobseekers.

Subsidies (Administered Schedule of Comprehensive Income)

Personal benefits expense is $75.7m lower than the original budget due to lower than expected take-up of some jobactive sub-programs, lower than forecast number of claims paid in the Fair Entitlements Guarantee (FEG) program, and the impact of Machinery of Government changes.

Personal benefits (Administered Schedule of Comprehensive Income)

The write-down and impairment of assets expense is $0.5m lower than the original budget primarily due to the transfer of the FEG program to the Attorney-General’s Department.

Write-down and impairment of assets (Administered Schedule of Comprehensive Income)

Other taxes revenue are $8.0m higher than the original budget due to higher than expected receipts for levies related to Coal Long Service Leave (LSL).

Other taxes (Administered Schedule of Comprehensive Income)

Commonwealth asset recoveries are $14.9m lower than the original budget due to the complex nature of recoveries in relation to the FEG program including activities in the FEG recovery program and the impact of Machinery of Government changes.

Commonwealth Asset Recoveries (Administered Schedule of Comprehensive Income)

Interest revenue is $11.1m higher than original budget due to Machinery of Government changes, including the impact of Trade Support Loans.

Interest (Administered Schedule of Comprehensive Income)

Other revenue is $6.2m higher than the original budget due to higher than planned asbestos related receipts through Comcare.

Other revenue (Administered Schedule of Comprehensive Income)

Fair Value gains are $96.1m higher due to Machinery of Government changes, including the impact of Trade Support Loans and VET Student Loans.

Fair Value Gains (Administered Schedule of Comprehensive Income)

Trade and other receivables are $1,033.8m higher than the original budget due to Machinery of Government changes, including the impact of Trade Support Loans and VET Student Loans.

Trade, taxation and other receivables (Administered Schedule of Assets and Liabilities)

Other investments are $346.2m lower than the original budget due to the transfer of Comcare and Coal Long Service Leave (LSL) to the Attorney-General’s Department.

Other investments (Administered Schedule of Assets and Liabilities)

Suppliers payable is $7.7m lower than the original budget due to a decrease in jobactive accruals, particularly for outcome fees and job seeker training.

Suppliers payable (Administered Schedule of Assets and Liabilities)

Personal benefits payable is $3.0m lower than the original budget due to the transfer of the FEG program to the Attorney-General’s Department.

Personal benefits payable (Administered Schedule of Assets and Liabilities)

Grants payable is $1.8m higher than the original budget due to grant accruals for milestones met but not paid at year-end.

Grants payable (Administered Schedule of Assets and Liabilities)

Other payables are $2,413.6m lower than the original budget due to the transfer of Comcare to the Attorney-General’s Department.

Other payables (Administered Schedule of Assets and Liabilities)

Note 18: Administered - Expenses

2019

2018

Note 18A: Suppliers

$'000

$'000

Services rendered

Provider services

1,362,160

1,340,582

Memberships

11,667

11,822

Legal

16,243

7,537

Contractors and consultants

6,843

5,041

Advertising

20,080

9,914

Other

972

536

Total suppliers

1,417,965

1,375,432

Note 18B: Subsidies

2019

2018

$'000

$'000

Subsidies in connection with

Labour market assistance to job seekers and industry

256,300

297,408

Industrial relations

121,192

151,966

Total subsidies

377,492

449,374

Note 18C: Personal Benefits

2019

2018

$'000

$'000

Direct

Labour market assistance to job seekers and industry

66,408

64,222

Industrial relations

148,661

164,910

Trade Support Loans discount

30,500

-

Indirect

Industrial relations

-

48

Total personal benefits

245,569

229,180

Accounting Policy

The Department administers personal benefit programs on behalf of the Government that provide entitlements to individuals. Payments are determined in accordance with provisions of the Fair Entitlements Guarantee Act 2012 and the funding agreements for the New Enterprise Incentive Scheme and Youth Jobs PaTH under jobactive. The Trade Support Loans discount represents the value of the discount that applies on successful completion of the apprenticeship as assessed by the actuary on new debt.

Note 18D: Grants

2019

2018

$'000

$'000

Public sector

Australian Government entities (related parties)

55,252

55,413

Private sector

Non-profit organisations

11,350

37,054

Other

3,167

6,288

Total grants

69,769

98,755

Accounting Policy

The Department administers a number of grant and subsidy schemes on behalf of the Government.

Grant and subsidy liabilities are recognised to the extent that:

– the services required to be performed by the grantee have been performed; or

– the grant eligibility criteria have been satisfied, but payments due have not been made. A commitment is recorded when the Government enters into an agreement to make these grants and subsidies but services have not been performed or criteria satisfied.

Payment to corporate Commonwealth entities from amounts appropriated for that purpose are classified as administered expenses, equity injections or loans of the relevant portfolio department. The appropriation to the Department is disclosed under the Note 25 – Appropriation.

All administered revenues are revenues relating to ordinary activities performed by the Department on behalf of the Australian Government. As such, administered appropriations are not revenues of the individual entity that oversees distribution or expenditure of the funds as directed.

Note 19: Administered - Income

2019

2018

$'000

$'000

Note 19A: Interest

Trade Support Loans

11,055

-

Other sources

92

19

Total interest

11,147

19

Note 19B: Other Revenue

2019

2018

$'000

$'000

Other

9,402

395,500

Total other revenue

9,402

395,500

Note 19C: Fair value gains

2019

2018

$'000

$'000

Fair value gains

96,131

-

Total fair value gains from financial instruments

96,131

-

Note 20: Administered - Financial Assets

2019

2018

$'000

$'000

Note 20A: Receivables

Goods and services receivable

Taxation receivables

-

13,338

Personal benefits receivable

7

6,782

Goods and services receivable

4,269

3,192

GST receivable from the ATO

17,850

22,174

Total goods and services receivable

22,126

45,486

Advances and loans

VET Student Loans

439,487

-

Trade Support Loans

610,343

-

Total advances and loans

1,049,830

-

Total receivables (gross)

1,071,956

45,486

Less impairment loss allowance for goods and services

Goods and services

(134)

(2,133)

Total impairment loss allowance for goods and services

(134)

(2,133)

Total receivables (net)

1,071,822

43,353

Credit terms are within 30 days.

Accounting Policy

Receivables

Where receivables are not subject to concessional treatment, they are carried at amortised cost using the effective interest method. Gains and losses due to impairment, derecognition and amortisation are recognised through profit or loss.

2019

2018

$'000

$'000

Concessional Loans

VET Student Loans

Nominal value

621,302

-

Impairment

(181,815)

-

Carrying amount

439,487

-

Trade Support Loans

Nominal value

732,018

-

PAYG estimate for 2018-19

(40,000)

Unexpired discount and discount on completion (new loans)

(52,138)

-

Impairment

(74,216)

-

Deferral adjustment

44,679

-

Carrying amount

610,343

-

Total concessional loans

1,049,830

-

2019

2018

$'000

$'000

Note 20B: Other Investments

Other Investments

Coal Mining Industry (Long Service Leave Funding) Corporation1

-

410,418

Comcare2

-

22,942

Total other investments

-

433,360

The Commonwealth retains 100 per cent ownership of the listed investment. The principle activity of the administered investment is as follows:

1. Coal Mining Industry (Long Service Leave Funding) Corporation (Coal LSL) – the administration of the Coal Mining Industry Long Service Leave Fund (The Fund). The Fund has operated since 1949 to provide reimbursement payments to employers paying long service leave to persons employed in the black coal industry in New South Wales, Queensland, Western Australia and Tasmania on the basis of industry employment service.

2. Comcare – the minimisation of human and financial costs in relation to workplace injury in Commonwealth Employment.

The Department’s investment in Comcare was not recorded in the 2017-18 financial statements; the amount of
$22.942 million (Comcare’s net asset position in 2017-18) has been restated.

The listed investments have been removed from the Administered Schedule of Assets and Liabilities as a result of the Administrative Arrangements Order of 29 May 2019 that transferred them to the Attorney-General’s Department.

Accounting Policy

Administered Investments

Administered investments in subsidiaries, joint ventures and associates are not consolidated because their consolidation is relevant only at the Whole of Government level.

Administered investments other than those held for sale are classified as amortised cost and are measured at their fair value as at 30 June 2019. Fair value has been taken to be the Australian Government's proportional interest in the net assets of the entities as at the end of the reporting period.

Note 21: Administered - Payables

2019

2018

$'000

$'000

Note 21A: Suppliers

Trade creditors and accruals

73,307

82,423

Total suppliers

73,307

82,423

Settlement was made within 30 days.

Note 21B: Subsidies

2019

2018

$'000

$'000

Subsidies

37,734

73,171

Total subsidies

37,734

73,171

Note 21C: Personal Benefits

2019

2018

$'000

$'000

Labour market assistance to job seekers and industry - Direct

478

498

Industrial relations - Direct

-

924

Total personal benefits

478

1,422

Note 21D: Grants

2019

2018

$'000

$'000

Private sector

Non-profit organisations

3,312

9,381

Other

707

1,874

Total grants

4,019

11,255

Note 21E: Other Payables

2019

2018

$'000

$'000

Comcare payable1

-

2,278,802

Withholding payable

-

505

GST payable

10,495

10,969

Total other payables

10,495

2,290,276

1. The amount payable to Comcare represents amounts payable by the Commonwealth for:

– workers compensation claims resulting from injuries that occurred prior to 1 July 1989, referred to as ‘pre-premium’ claims;

– workers compensation claims resulting from injuries that have occurred since 1 July 1989, referred to as ‘premium’ claims; and

– the management of asbestos related personal injury common law disease claims against the Commonwealth.

Full details of the amounts payable may be found in the Comcare annual report.

Note 22: Administered - Contingent Assets and Liabilities

Claims for damages or costs

Total

2019

2018

2019

2018

$'000

$'000

$'000

$'000

Contingent assets

Balance from previous period

2,486

39,032

2,486

39,032

Re-measurement

2,529

38,791

2,529

38,791

Assets realised

(3,150)

(39,635)

(3,150)

(39,635)

Total contingent assets

1,865

38,188

1,865

38,188

Contingent liabilities

Balance from previous period

-

32,112

-

32,112

Re-measurement

-

(5,837)

-

(5,837)

Total contingent liabilities

-

26,275

-

26,275

Net contingent assets

1,865

11,913

1,865

11,913

Quantifiable Administered Contingencies

The above table reports contingent assets and liabilities in respect of estimated payments and recoveries in relation to dividends for the General Employee Entitlements and Redundancy Scheme (GEERS). Following Machinery of Government changes announced on 29 May 2019, contingent assets and liabilities for 2018-19 relating to the Fair Entitlements Guarantee (FEG) Program will be reported in the financial statements of the Attorney-General’s Department. The 2019 opening balance does not include items that relate to the FEG program.

Note 23: Adminstered - Financial Instruments

2019

2018

$'000

$'000

Note 23A: Categories of Financial Instruments

Financial Assets under AASB 139

Available-for-sale financial assets

Investments

433,360

Total available-for-sale financial assets

433,360

Receivables

Cash and cash equivalents

40

Goods and services receivable

1,059

Total receivables

1,099

Total financial assets

434,459

Financial Assets under AASB 9

Financial assets at fair value through other comprehensive income (FVOCI)

Investments

-

Total financial assets at fair value through other comprehensive income

-

Financial assets at amortised cost

Cash and cash equivalents

37

Goods and services receivable

4,135

Total financial assets at amortised cost

4,172

Financial assets at fair value through profit or loss

Concessional loans

VET Student Loans

439,487

Trade Support Loans

610,343

Total financial assets at fair value through profit or loss

1,049,830

Total financial assets

1,054,002

Financial Liabilities

Financial liabilities measured at amortised cost

Trade creditors and accruals

73,307

82,423

Total financial liabilities measured at amortised cost

73,307

82,423

Total financial liabilities

73,307

82,423

Classification of financial assets on the date of initial application of AASB 9

Financial assets class

Notes

AASB 139 original classification

AASB 9 new classification

AASB 139 carrying amount at 1 July 2018

AASB 9 carrying amount at 1 July 2018

$'000

$'000

Investments

20B

Available-for-sale financial assets

FVOCI

433,360

433,360

Cash and cash equivalents

Loans and receivables

At amortised cost

40

40

Goods and services receivable

20A

Loans and receivables

At amortised cost

1,059

1,059

Total financial assets

434,459

434,459

Reconciliation of carrying amounts of financial assets on the date of initial application of AASB 9

Financial assets class

AASB 139 carrying amount at 1 July 2018

Reclassification

Re-measurement

AASB 9 carrying amount at 1 July 2018

$'000

$'000

$'000

$'000

Financial assets at fair value through other comprehensive income

Available-for-sale financial assets

Investments

433,360

-

-

433,360

Total fair value through other comprehensive income

433,360

-

-

433,360

Financial assets at amortised cost

Loans and receivables

Cash and cash equivalents

40

-

-

40

Goods and services receivable

1,059

-

-

1,059

Total financial assets at amortised cost

1,099

-

-

1,099

2019

2018

$'000

$'000

Note 23B: Net Gains or Losses on Financial Assets

Financial assets at fair value through other comprehensive income

Gains recognised in equity

-

95,604

Net gain on financial assets at fair value through other comprehensive income

-

95,604

Financial assets at amortised cost

Interest revenue

92

19

Write-down and impairment

-132

-16

Net gains / (losses) on financial assets at amortised cost

-40

3

Financial assets at fair value through profit or loss

Interest revenue

11,055

-

Trade Support Loans discount

-30,500

-

Fair value gains

96,131

-

Net gains/(losses) at fair value through profit or loss

76,686

-

Net gains on financial assets

76,646

95,607

Note 24: Administered - Fair Measurement

Note 24A: Fair Value Measurement

Fair value measurements at the end of the reporting period

2019

2018

$'000

$'000

Financial assets

Administered investments

-

433,360

Total financial assets

-

433,360

Total fair value measurements of assets in the Administered Schedule of Assets and Liabilities

-

433,360

There are a number of administered assets and liabilities not measured at fair value in the Administered Schedule of Assets and Liabilities. The carrying amounts of these assets and liabilities are considered to be a reasonable approximation of their fair value.

The Department’s administered investments are classified at fair value through other comprehensive income and are measured at their fair value as at 30 June 2019. Fair value is assessed as the Australian Government's proportional interest in the net assets of the entity at balance date. The methods and valuation techniques used for the purpose of measuring fair value of assets and liabilities in 2019 are unchanged from the prior year.

Changing inputs to the level 3 hierarchy valuations to reasonably possible alternate assumptions would not significantly change amounts recognised in net cost of service or other comprehensive income.

Note 24B: Valuation Technique and Inputs for Level 2 and Level 3 Fair Value Measurements

Fair value measurement as at 30 June

2019

2018

Valuation technique3

$'000

$'000

Level2

Inputs used

Financial assets

Concessional loans

VET Student Loans

439,487

-

3

Loan conditions

Principal due

Trade Support Loans

610,343

-

3

Loan conditions

Principal due

Total1

1,049,830

-

1. The book value of these assets equals the fair value.

2. There have been no transfers between levels during the period.

3. The methods and valuation techniques used for the purpose of measuring fair value of assets in 2019 are unchanged from the previous reporting period.

Note 24C: Movement in level 2 and 3 fair value measurement

Financial assets

Concessional loans

2019

$'000

As at 29 May 2019

919,694

Total gains recognised in comprehensive income

76,686

Loans made

53,450

As at 30 June 2019

1,049,830

1. As a result of the Administrative Arrangements Order of 29 May 2019, the VET Student Loans and Trade Support Loans transferred to the Department from the Department of Education.

Note 25: Administered - Appropriation

Note 25A: Administered Annual Appropriations ('Recoverable GST exclusive')

2019 Appropriations

Appropriation applied in 2019 (current and prior years)

Annual appropriation

Adjustments to appropriation

Total appropriation

Variance1

$'000

$'000

$'000

$'000

$'000

ADMINISTERED

Ordinary annual services

Administered items

1,751,062

-

1,751,062

1,788,729

(37,667)

Payments to corporate Commonwealth entities

5,989

-

5,989

5,989

-

Total administered

1,757,051

-

1,757,051

1,794,718

(37,667)

1. The administered variance relates to higher than planned administered expenditure.

Accounting Policy

Payments to Corporate Commonwealth Entities

Payments to Comcare from amounts appropriated for that purpose are classified as administered expenses of the Department.

2018 Appropriations

Appropriation applied in 2018 (current and prior years)

Annual appropriation

Adjustments to appropriation1

Total appropriation

Variance2

$'000

$'000

$'000

$'000

$'000

ADMINISTERED

Ordinary annual services

Administered items

1,718,876

9,222

1,728,098

1,737,471

(9,373)

Payments to corporate Commonwealth entities

6,020

-

6,020

6,019

1

Total administered

1,724,896

9,222

1,734,118

1,743,490

(9,372)

1. The administered adjustments to appropriation relate to PGPA Act Section 75 transfers as a result of transferred functions to the Department.

2. The administered variance relates to higher than planned administered expenditure.

Note 25B: Unspent Administered Annual Appropriations ('Recoverable GST exclusive')

2019

2018

$'000

$'000

Administered

Appropriation Act (No. 1) 2017-18

4,932

8,022

Appropriation Act (No. 3) 2017-18

680

41,416

Appropriation Act (No. 5) 2017-18

-

36,928

Appropriation Act (No. 1) 2018-19

11,656

-

Appropriation Act (No. 3) 2018-19

31,430

-

Cash at bank

37

40

Total

48,735

86,406

Note 25C: Special Appropriations ('Recoverable GST exclusive')

Authority

Type

Purpose

Appropriation applied

2019

2018

$'000

$'000

Fair Entitlements Guarantee Act 2012

- Section 50

1

Unlimited Amount

An Act to provide for financial assistance for workers who have not been fully paid for work done for insolvents or bankrupts, and for related purposes.

113,767

131,918

Coal Mining Industry (Long Service Leave Funding) Act 19921

Unlimited Amount

An Act to manage the long service leave entitlement of the Coal Mining Industry.

122,815

149,081

Safety, Rehabilitation and Compensation Act 1988 (SRC Act)1

Unlimited Amount

An Act to provide for the payment of workers compensation claims and associated expenses in accordance with the provisions of the SRC Act.

27,130

30,734

Asbestos-related Claims (Management of Commonwealth Liabilities) Act 20051

Unlimited Amount

An Act to assign responsibility for the management of certain liabilities relating to asbestos-related claims, and for related purposes.

28,022

24,675

Public Governance, Performance and Accountability Act 2013, section 772

Refund

To provide an appropriation where an Act or other law requires or permits the repayment of an amount received by the Commonwealth and apart from this section there is no specific appropriation for the repayment.

2

2

VET Student Loans Act 2016, section 113

Unlimited Amount

An Act to provide students with loans for tuition fees for vocational education and training (VET).

32,577

-

Trade Support Loans Act 2014, section 1043

Unlimited Amount

An Act to provide loans to assist apprentices with costs of living while training towards their qualification.

20,872

-

Total special appropriations applied

345,185

336,410

As a result of the Administrative Arrangements Order of 29 May 2019, Industrial Relations functions transferred to the Attorney-General’s Department from the Department; theappropriation applied is for the period 1 July 2018 to 28 May 2019.
  1. There were four section 77 payments made with a total value of $1,950.31.
  2. As a result of the Administrative Arrangements Order of 29 May 2019, skills, vocational education and training programs transferred to the Department from the Department of Education.

The Department of Education processed payments and receipts on behalf of the Department under the VET Student Loans Act and the Trade Support Loans Act for the period 29 May to 30 June 2019.

Note 26: Admnistered - Regulatory Charging

As a result of the Administrative Arrangements Order of 29 May 2019, skills, vocational education and training programs transferred to the Department from the Department of Education.

From 29 May 2019 the Department undertook regulatory charging activities relating to:

  • certain programs managed by Trades Recognition Australia (TRA); and
  • the VET Student Loans program.

The Department of Education receipted $2.29m of TRA and $24,682 of VET Student Loans external revenue for the period
29 May to 30 June 2019 on behalf of the Department.

Further information on the above activities is available at:

Note 27: Adminstered - Aggregate Assets and Liabilities

2019

2018

$'000

$'000

Note 27A: Administered Aggregate Assets and Liabilities

Assets expected to be recovered in:

No more than 12 months

90,739

49,707

More than 12 months

987,242

433,360

Total assets

1,077,981

483,067

Liabilities expected to be settled in:

No more than 12 months

126,033

179,745

More than 12 months

-

2,278,802

Total liabilities

126,033

2,458,547

Note: 28: Administered - Restructuring

  1. Note 28A: Administered Restructuring

2019

Industrial Relations

Skills and Training

Total

Attorney-General's

Department of Education2

FUNCTIONS RELINQUISHED

Department1

$'000

$'000

Assets relinquished

Financial assets

Trade, taxation and other receivables

33,909

-

33,909

Other investments

433,359

-

433,359

Total assets relinquished

467,268

-

467,268

Liabilities relinquished

Payables

Suppliers

879

-

879

Subsidies

11,716

-

11,716

Personal benefits

436

-

436

Other payables

2,279,054

-

2,279,054

Total liabilities relinquished

2,292,085

-

2,292,085

Net liabilities relinquished

-1,824,817

-

-1,824,817

FUNCTIONS ASSUMED

Assets recognised

Financial assets

Trade, taxation and other receivables

-

919,694

919,694

Total assets recognised

-

919,694

919,694

Liabilities recognised

-

-

-

Total liabilities recognised

-

-

-

Net assets recognised

-

919,694

919,694

Income assumed

Recognised by the receiving entity

-

107,186

107,186

Recognised by the losing entity

-

-

-

Total income assumed

-

107,186

107,186

Expenses assumed

Recognised by the receiving entity

-

30,500

30,500

Recognised by the losing entity

-

-

-

Total expenses assumed

-

30,500

30,500

  1. The Industrial Relations functions were transferred to the Attorney-General’s Department due to the Administrative Arrangements Order dated 29 May 2019.
  2. The Skills and Training functions were assumed by the Department due to the Administrative Arrangements Order dated 29 May 2019.

2018

Small Business and Small Business Ombudsman Functions

Deregulation Functions

Total

Department of Treasury

1

Department of the Prime Minister and Cabinet

2

$'000

$'000

$'000

FUNCTIONS ASSUMED

Assets recognised

-

-

-

Total assets recognised

-

-

-

Liabilities recognised

-

-

-

Total liabilities recognised

-

-

-

Net liabilities recognised

-

-

-

Income assumed

-

-

-

Total income assumed

-

-

-

Expenses assumed

Recognised by the receiving entity

4,290

-

4,290

Recognised by the losing entity

-

-

-

Total expenses assumed

4,290

-

4,290

  1. The small business functions were assumed by the Department due to the Administrative Arrangements Order dated 19 April 2018.
  2. The regulatory policy functions were assumed by the Department due to the Administrative Arrangements Order dated 19 April 2018.