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Administered Schedule of Assets and Liabilities

Notes

2020

2019

Original Budget1

$'000

$'000

$'000

LIABILITIES

Payables

Suppliers

4.2A

52

-

-

Total Payables

52

-

-

Total liabilities administered on behalf of Government

52

-

-

Net assets/(liabilities)

(52)

-

-

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

1 Original Budget reflects the figures in the 2019-20 Portfolio Budget Statements (PBS).

Budget Variances Commentary

Administered Schedule of Assets and Liabilities

Affected line items

Explanation of major variances

Supplier payables

Supplier payables at 30 June 2020 represent refunds owed to eligible providers under the Higher Education Relief Package in response to the COVID-19 pandemic.