Notes - 2.2 Administered – Income
Note 2.2A: Revenue from Contracts with Customers
Hire of assets
Total revenue from contracts with customers
1. There was a significant reduction in parking services revenue due to the COVID-19 pandemic and the introduction of “working from home” arrangements from March 2020. Parking services revenue was $1.2 million lower than 2018-19 and $3.5m lower than budgeted. Parking services revenue will continue to be impacted by the pandemic in 2020-21.
All administered revenues are revenues relating to ordinary activities performed by the NCA on behalf of the Australian Government. As such, administered appropriations are not revenues of the NCA that oversees the distribution or expenditure of the funds as directed.
Note 2.2B: Fees and Fines
Total fees and fines
Fees are charged for issuing licences to use or occupy property administered by the NCA on behalf of the Government. Fines are issued as part of the pay parking scheme operated in the central national area of Canberra. Administered revenue for parking fees is recognised daily when fees are credited in the bank. Infringement notices are recognised when issued (parking fines). Rents are charged monthly, quarterly or yearly in advance.
Note 2.2C: Rental Income
Diplomatic land rents
Total rental income
The NCA, in its capacity as lessor, administers a number of leases for land and buildings in the central national area of Canberra including cafes, restaurants, tennis courts and maintenance facilities. The NCA also administered a number of diplomatic land leases with contract periods up to 99 years.
Commitments for rental income receivables is as follows:
Within one year
One to two years
Two to three years
Three to four years
Four to five years
More than five years
Total rental lease commitments receivable