Go to top of page

1.1 Expenses

2019

$

2018

$

1.1A: Employee Benefits

Wages and salaries

165,743

167,650

Superannuation

37,488

33,681

Leave and other entitlements

7,039

13,187

Total employee benefits

210,270

214,518

Accounting Policy

Accounting policies for employee related expenses is contained in the People and relationships section.

1.1B: Suppliers

Goods and services supplied or rendered

Audit Fees

34,540

8,833

Insurances

3,974

4,006

Miscellaneous Expenses

3,314

2,718

Direct Debit Administration Fees

12,688

12,046

Group Life Insurance Underwriting

158,679

158,545

Web-Site and Software Fees

1,650

1,670

Debt Collection Fees

-

293

Total goods and services supplied or rendered

214,845

188,111

Total suppliers

214,845

188,111

1.1C: Grants

General and Disaster Relief Grants

52,100

10,185

Base Welfare Grants Scheme

145,824

127,437

Total grants

197,924

137,622

1.1D: Impairment Loss Allowance on Financial Instruments

Impairment on loans

(20,468)

24,612

Total impairment on financial instruments

(20,468)

24,612

1.1E: Losses from Loan Re-measurement

Loss from initial recognition of loans and receivables at fair value (refer Note 6.3)

1,070,498

1,054,618

Total losses from loan re-measurement

1,070,498

1,054,618

1.1F: Depreciation and Amortisation

Amortisation

Intangibles – Database

1,485

1,485

Total write-down and impairment of other assets

1,485

1,485

Accounting Policy

Competitive Neutrality

The RWTF was established to provide benefits to eligible persons and does not carry out Government business activities on a commercial basis nor operate in a competitive, or potentially competitive, environment. Therefore it is not required to make Australian Income Tax Equivalent payments to the Government.