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Administered Budget Commentary

For the period ended 30 June 2020

Administered Budget Variance Commentary:

The below table provides commentary for significant variances between PM&C’s original budget estimates for administered functions, as published in the 2019-20 Portfolio Budget Statements, and the actual expenditure and net asset position for the year.

Explanation of major variances

Affected line items (and statement)

The National Indigenous Australians Agency (NIAA) was established in the PM&C portfolio as at 1July 2019.

Expenses in 2019-20 have reduced due to the transfer of Indigenous Affairs functions (Outcome 2) to the NIAA offset by the additional appropriations for the additional estimate measures relating to the National Australia Day Council ($12.8m).

Suppliers Expense ($70m), Grants Expense ($1.3b), Payments associated with Land Councils ($163m) and Payments to Indigenous Land and Sea Corporation ($58m) – Administered Schedule of Comprehensive Income

Various line items – Administered Schedule of Assets and Liabilities