Administered Schedule of Comprehensive Income
for the period ended 30 June 2019
|
Notes |
2019 |
2018 |
Original Budget1 |
|
|---|---|---|---|---|
|
$'000 |
$'000 |
$'000 |
||
|
NET COST OF SERVICES |
||||
|
Income |
||||
|
Revenue |
||||
|
Non-taxation revenue |
||||
|
Fees |
1,969 |
2,307 |
4,194 |
|
|
Total non-taxation revenue |
1,969 |
2,307 |
4,194 |
|
|
Total revenue |
1,969 |
2,307 |
4,194 |
|
|
Total income |
1,969 |
2,307 |
4,194 |
The above statement should be read in conjunction with the accompanying notes.
1Original Budget reflects the figures in the 2018-19 Portfolio Budget Statements (PBS)
Budget Variances Commentary
Administered Schedule of Comprehensive Income
|
Affected line items |
Explanation of major variances |
|---|---|
|
Non-taxation revenue Fees |
Administered fee revenue is lower than budget due to the new fee structure following a review of TEQSA's cost recovery arrangements. It was anticipated that the new fee structure would commence on 1 January 2019, however this has been revised to 1 January 2020. |
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https://www.transparency.gov.au/annual-reports/tertiary-education-quality-and-standards-agency/reporting-year/2018-2019-32