Notes 21–25

Note 21: Administered - Contingent Assets and Liabilities
 
There are no contingent assets or liabilities in 2012-13 (2011-12: nil)
 
Quantifiable Administered Contingencies
There are no quantifiable administered contingencies disclosed in the Schedule of Administered Items.
 
Unquantifiable Administered Contingencies
There are no unquantifiable administered contingencies.
 
Significant Remote Administered Contingencies
Under section 62 of the Export Finance and Insurance Corporation Act 1991, the Australian Government guarantees the due payment by the Export Finance and Insurance Corporation of money that is, or may at any time become, payable by the Export Finance and Insurance Corporation to any person other than the Australian Government. Details of remote contingencies are shown in the following table:
 
 
2013
2012
 
$'000
$'000
Contracts of insurance and guarantees
880,000
736,300
Statement of financial position liabilities
1,686,000
2,081,200
 
NIA contracts of insurance, guarantees and statement of position liabilities
718,500
647,000
 
3,284,500
3,464,500
 

Note 22: Administered - Financial Instruments
 
 
 
 
 
2013
 
2012
 
$'000
 
$'000
Note 22A: Categories of Financial Instruments
Financial Assets
 
Loans and receivables:
 
Cash
134
 
191
Goods and services receivables
522
 
413
Dividend - Export Finance and Insurance Corporation
-
 
30,194
Traveller Emergency Loans
885
 
902
Other - Passport fees, Passport Act fines and consular fees
1,747
 
1,784
Total loans and receivables
3,288
 
33,484
Available for sale:
 
Investment - Export Finance and Insurance Corporation
216,240
 
418,063
Total available for sale
216,240
 
418,063
Carrying amount of financial assets
219,528
 
451,547
 
 
Financial Liabilities
 
At amortised cost:
 
Suppliers
300
 
1,242
NIA
3,791
 
10,689
Total financial liabilities at amortised cost
4,091
 
11,931
Carrying amount of financial liabilities
4,091
 
11,931
 
 
Note 22B: Net Income and Expense from Financial Assets
Loans and receivables
 
Interest revenue
90
 
118
Impairment Decrease/(Increase)
112
 
7
Write-off
(135)
 
(4)
Net gain/(loss) from loans and receivables
67
 
121
 
 
Available for sale
 
Dividend revenue
226,839
 
30,194
Revaluation gain/(loss) recognised in equity
(201,823)
 
9,981
Net gain/(loss) from available for sale
25,016
 
40,175
 
 
Net gain/(loss) from financial assets
25,083
 
40,296
 
 
Note 22C: Net Income and Expense from Financial Liabilities
Financial liabilities - at amortised cost
 
NIA
 
Interest revenue
3,869
 
4,560
Other revenue
23,580
 
26,137
Exchange gains/(loss)
(237)
 
(305)
Interest expense
(2,752)
 
(1,809)
Administration costs
(2,234)
 
(1,463)
Net gain/(loss) financial liabilities - at amortised cost
22,226
 
27,120
 
 
Net gain/(loss) from financial liabilities
22,226
 
27,120
 
 
Note 22D: Fair Value of Financial Instruments
 
 
 
Carrying
 
Fair
Carrying
Fair
 
amount
 
value
amount
value
 
2013
 
2013
2012
2012
 
$'000
 
$'000
$'000
$'000
Financial Assets
 
Cash
134
 
134
191
191
Receivables for goods and services
522
 
522
413
413
Traveller Emergency Loans
885
 
885
902
902
Dividend
-
 
-
30,194
30,194
Accrued Revenue - Passport fees, Passport Act fines & consular fees
1,747
 
1,747
1,784
1,784
Investments - EFIC
216,240
 
216,240
418,063
418,063
Total
219,528
 
219,528
451,547
451,547
 
 
Financial Liabilities
 
Trade creditors
300
 
300
1,242
1,242
Other payables
3,791
 
3,791
10,689
10,689
Total
4,091
 
4,091
11,931
11,931
 
 
Valuation Method used for determining the Fair Value of Financial Instruments
The following table identifies for those assets and liabilities (those at fair value through profit and loss or available for sale) carried at fair value (above) whether fair value was obtained by reference to market prices or by a valuation technique that employs observable market transactions, or one that uses non-observable market inputs to determine a fair value.
 
Fair value measurements categorised by fair value hierarchy
The following table provides an analysis of financial instruments that are measured at fair value, by valuation  method.
The different levels are defined below:
Level 1: Fair value obtained from unadjusted quoted prices in active markets for identical instruments
Level 2: Fair value derived from inputs other than quoted prices included within Level 1 that are observable for the instrument, either directly or indirectly.
Level 3: Fair value derived from inputs that are not based on observable market data.
 
 
Fair value hierarchy for financial assets
 
Level 3
 
2013
 
2012
 
$'000
 
$'000
Financial Assets
 
Financial assets at fair value
 
EFIC - Valuation by net assets
216,240
 
418,063
Total
216,240
 
418,063
 
 
As the Department only administered basic financial instruments (outlined above), the carrying amounts are a reasonable approximation of fair value.
The department holds no financial instruments measured at fair value by valuation method Level 1 or Level 2 (2011-12: Nil).
 
 
Reconciliation of Level 3 fair value hierarchy for financial assets
 
 
 
Financial assets at fair value
 
Investments
 
2013
 
2012
 
$'000
 
$'000
Opening balance
418,063
 
408,082
Total gains or losses recognised in other comprehensive income *
(201,823)
 
9,981
Closing balance
216,240
 
418,063
 
 
* This revaluation gain/loss is presented in the schedule of administered items and is related to the movements in the carrying amount of investments.
 
 
Note 22E: Credit Risk
 
Recognised in the DFAT Administered Accounts  
Maximum exposure
 
The Department's Senior Executive has endorsed policies and procedures for debt management (including the provision of credit terms) to reduce the incidence of credit risk.  Collateral is not required on any loan.
 
The Department's maximum exposure to credit risk at reporting date in relation to each class of recognised administered financial asset is the carrying amount of those assets as indicated in the Schedule of Administered Items, unless otherwise detailed in the table below:
 
The following table illustrates the entity's gross exposure to credit risk, excluding any collateral or credit enhancements.
 
 
2013
2012
 
$'000
$'000
Financial assets
as per balance sheet
219,548
451,901
Total
219,548
451,901
 
Credit Quality
The Department's Administered Traveller Emergency Loans receivable includes debtors with a carrying amount of approximately $489,000 (2012: $524,000) that are past due at the reporting date and for which the Department has not provided. Based on experience, the Department believes that the amounts are still considered receivable. The Department does not hold any collateral over these balances.  However, it requires settlement of the outstanding debt before the debtor's passport is renewed.
 
Ageing of financial assets that were past due but not impaired for 2013
 
Not past due
nor impaired
0 to 30
days
31 to 60
days
61 to 90
days
90+
days
Total
 
$'000
$'000
$'000
$'000
$'000
$'000
Not Impaired
Cash and Cash Equivalents
134
-
-
-
-
134
Goods and Services Receivable, Passport & Consular fees, Passport Act fines and Other
2,260
8
-
-
1
2,269
Dividend
-
-
-
-
-
-
Traveller Emergency Loans
396
3
2
5
479
885
Investments - Export Finance and Insurance Corporation
216,240
-
-
-
-
216,240
Total
219,030
11
2
5
480
219,528
 
Impaired
Travellers Emergency Loans*
-
-
-
-
403
403
Receivables - Passport Act Fines
-
-
-
-
31
31
Total
219,030
11
2
5
914
219,962
 
Ageing of financial assets that were past due but not impaired for 2012
 
Not past due
nor impaired
0 to 30
days
31 to 60
days
61 to 90
days
90+
days
Total
 
$'000
$'000
$'000
$'000
$'000
$'000
Not Impaired
Cash and Cash Equivalents
191
-
-
-
-
191
Goods and Services Receivables, Other and Passport fees
2,193
3
1
-
-
2,197
Dividend
30,194
-
-
-
-
30,194
Traveller Emergency Loans
378
7
8
2
507
902
Investments - Export Finance and Insurance Corporation
418,063
-
-
-
-
418,063
Total
451,019
10
9
2
507
451,547
 
Impaired
Travellers Emergency Loans*
-
-
-
1
545
546
Total
451,019
10
9
3
1,052
452,093
 
* DFAT impaired some traveller emergency loans immediately on issuance as the loan recipient, while requiring consular assistance and legally able to enter into a loan contract, was assessed as not likely to be in a position to repay the loan based on observable evidence and factors.
 
Note 22F: Liquidity Risk
The Department receives an annual Administered Appropriation to fund payments due on the financial liabilities listed and therefore does not carry any liquidity risk.
The following tables illustrates the maturities for financial liabilities.
Maturities for non-derivative financial liabilities 2013
 
On
within 1
1 to 2
2 to 5
> 5
 
demand
year
years
years
years
Total
 
$'000
$'000
$'000
$'000
$'000
$'000
Trade creditors
-
300
-
-
-
300
NIA1
-
(6,143)
3,396
5,035
1,503
3,791
Total
-
(5,843)
3,396
5,035
1,503
4,091
 
Maturities for non-derivative financial liabilities 2012
 
On
within 1
1 to 2
2 to 5
> 5
 
demand
year
years
years
years
Total
 
$'000
$'000
$'000
$'000
$'000
$'000
Trade creditors
-
1,242
-
-
-
1,242
NIA
-
2,597
6,075
1,626
391
10,689
Total
-
3,839
6,075
1,626
391
11,931
The entity had no derivative financial liabilities in both the current and prior financial year.
 
1 The NIA payable within 1 year ($6,143,000) is net of receivables ($11,953,000) and payables ($5,810,000) recoverable within 1 year. 
 
 
Note 22G: Market Risk
 
The following table illustrates the effect on the Department's Administered net income less expenses and equity as at 30 June 2013 from a 15.7 % (2012: 15%) increase or decrease against the AUD in the currencies in which financial instruments were administered by the Department, with all other variables held constant.
 
2013
2013
2012
2012
 
$'000
USD $'000
$'000
USD $'000
Other Payables - NIA
9,031
8,376
6,288
6,408
Supplier Payable - Grants and Contributions
-
-
(184)
(188)
Total Exposure USD
8,376
6,220
 
 
2013
2013
2012
2012
 
$'000
EUR $'000
$'000
EUR $'000
Other Payables - NIA
200
142
193
156
Total Exposure EUR
142
156
Sensitivity analysis of the risk that the entity is exposed to for 2013
 
Change in
risk
variable
Effect on
 
Risk variable
Profit and loss
Equity
 
%
$'000
$'000
Currency risk - All currencies
9,231
15.7%
(1,253)
(1,253)
Currency risk - All currencies
9,231
-15.7%
1,719
1,719
 
Sensitivity analysis of the risk that the entity is exposed to for 2012
 
Change in
risk
variable
Effect on
 
Risk variable
Profit and loss
Equity
 
$
$'000
$'000
Currency risk - All currencies
6,297
15%
(821)
(821)
Currency risk - All currencies
6,297
-15%
1,111
1,111
 
All other items are denominated in AUD and are not subject to market risk due to exchange rate fluctuations.
 

Note 23: Administered Financial Assets Reconciliation
 
 
 
2013
 
2012
 
$'000
 
$'000
Financial assets
Notes
 
 
 
Total financial assets as per schedule of administered assets and liabilities
219,548
 
451,901
Less: non-financial instrument components
 
Other receivables (GST receivable from the ATO)
17B
20
 
354
Total non-financial instrument components
20
 
354
Total financial assets as per financial instruments note
22A
219,528
 
451,547
 
 
Note 24: Appropriations
 
Table A: Annual Appropriations ('Recoverable GST exclusive')
 
 
2013 Appropriations
Appropriation applied in 2013 (current and prior years)
Variance(c)
 
Appropriation Act
FMA Act
Total appropriation
 
Annual
Appropriation(a)
Appropriations
reduced(b)
Section 30
Section 31
Section 32
 
$
$
$
$
$
$
$
$
DEPARTMENTAL
Ordinary annual services
953,336,000
-
78,521,209
-
1,031,857,209
(994,688,845)
37,168,364
Other services
Equity
62,101,000
-
-
-
62,101,000
(40,513,825)
21,587,175
Total departmental
1,015,437,000
-
-
78,521,209
-
1,093,958,209
(1,035,202,670)
58,755,539
ADMINISTERED
Ordinary annual services
Administered items
275,129,000
(25,576,642)
157,857
-
249,710,215
(250,184,153)
(473,938)
Other services
Administered assets and liabilities
-
-
-
-
-
(7,988,906)
(7,988,906)
Total administered
275,129,000
(25,576,642)
157,857
-
249,710,215
(258,173,059)
(8,462,845)
 
Notes:
(a) In 2012-13, there were adjustments that met the recognition criteria of a formal addition and reductions to revenue (in accordance with FMO Div 101) but at law the appropriations had not been amended before the end of the reporting period.  The adjustments were:
- a reduction to revenue of $3,008,918 relating to the Passport Services Purchasing Agreement;
- a reduction to revenue of $2,771,027 relating to no-win/no-loss funding for Kabul Security Projects;
- an addition to revenue of $7,939,145 relating to no-win/no-loss funding for foreign exchange; and
- an addition to revenue of $182,822 relating to no-win/no-loss funding for FBT payable on LAFHA;
(b) Appropriations reduced under Appropriation Acts (No. 1,3) 2012-13: sections 10, 11, 12 and 15 and under Appropriation Acts (No. 2,4) 2012-13: sections 12,13, 14 and 17. Departmental appropriations do not lapse at financial year-end. However, the responsible Minister may decide that part or all of a departmental appropriation is not required and request the Finance Minister to reduce that appropriation. The reduction in the appropriation is effected by the Finance Minister's determination and is disallowable by Parliament.  There was no reduction in departmental appropriations in 2012-13.
(c) Variance is comprised of the following elements
Departmental Ordinary annual services: Appropriation spent due to losses related to No-win/No-loss Funding for foreign exchange and non-cash expenses due to occur in future years
Departmental Other Services: Equity appropriation retained for multi year capital projects and funding is expected to be used in future financial years with the exception of $7,739,141 lapsed under the Finance determination.
Administered Ordinary annual services: Prior year Appropriation applied in 2012-13 and Appropriation required for 2012-13 expense payments to be paid in future financial years
Administered Other Services: Debt for Health swap, which will be paid over the future financial years.
 
 
2012 Appropriations
Appropriation applied in 2012 (current and prior years)
Variance(d)
 
Appropriation Act
FMA Act
Total appropriation
 
Annual Appropriation (a)
Appropriations
reduced(b)
Section 30
Section 31 (c)
Section 32
 
$
$
$
$
$
$
$
$
DEPARTMENTAL
Ordinary annual services
929,940,000
(65,846,266)
123,480,153
-
987,573,887
(1,032,613,870)
(45,039,984)
Other services
-
Equity
72,005,000
-
-
72,005,000
(30,502,000)
41,503,000
Total departmental
1,001,945,000
(65,846,266)
-
123,480,153
-
1,059,578,887
(1,063,115,870)
(3,536,984)
ADMINISTERED
Ordinary annual services
Administered items
279,145,000
(30,771,313)
74,361
-
248,448,048
(247,699,278)
748,770
Other services
Administered assets and liabilities
-
-
-
-
-
(8,085,059)
(8,085,059)
Total administered
279,145,000
(30,771,313)
74,361
-
248,448,048
(255,784,337)
(7,336,289)
 
Notes:
(a) In 2011-12, there were adjustments that met the recognition criteria of a formal addition and reductions to revenue (in accordance with FMO Div 101) but at law the appropriations had not been amended before the end of the reporting period.  The adjustments were:
- an addition to revenue of $5,589,828 relating to the Passport Services Purchasing Agreement;
- a reduction to revenue of $14,164,449 relating to no-win/no-loss funding for foreign exchange; and
- a reduction to revenue of $2,326,131 relating to no-win/no-loss funding for Kabul Security Projects;
(b) Appropriations reduced under Appropriation Acts (No. 1,3,5) 2011-12: sections 10, 11, 12 and 15 and under Appropriation Acts (No. 2,4,6) 2011-12: sections 12,13, 14 and 17. Departmental appropriations do not lapse at financial year-end. However, the responsible Minister may decide that part or all of a departmental appropriation is not required and request the Finance Minister to reduce that appropriation. The reduction in the appropriation is effected by the Finance Minister's determination and is disallowable by Parliament. The Finance Minister determined 2 reductions in departmental appropriations following requests by the Minister for Foreign Affairs and Trade. The reductions were:
- determined on 11 May 2012 through 'Determination to Reduce Appropriations Upon Request (No. 11 of 2011-2012)' under subsection 10(2) of Appropriation Act (No. 1) 2009-2010 for the amount of $52,270,253; and
- determined on 11 May 2012 through 'Determination to Reduce Appropriations Upon Request (No. 11 of 2011-2012)' under subsection 10(2) of Appropriation Act (No. 1) 2010-2011 for the amount of $13,576,013.
- details on Administered Appropriations reduced refer to Note 24: Table E: Reduction in Administered Items
(c) The 2011-12 Section 31 amount has been restated as it was found to include an amount of $123,733,377 which was not a Section 31 appropriation.
(d) Variance is comprised of the following elements
Departmental Ordinary annual services: Appropriation not spent due to gains related to No-win/No-loss Funding for foreign exchange and non-cash expenses due to occur in future years
Departmental Other Services: Equity appropriation retained for multi year capital projects and funding is expected to by used in future financial years
Administered Ordinary annual services: Prior year Appropriation applied in 2011-12 and Appropriation required for 2011-12 expense payments to be paid in future financial years
Administered Other Services: Debt for Health swap, which will be paid over the future financial years.
 
 
Table B: Departmental Capital Budgets ('Recoverable GST exclusive')
 
 
2013 Capital Budget Appropriations
Capital Budget Appropriations applied in 2013 
(current and prior years)
Variance
 
Appropriation Act
FMA Act
Total Capital Budget Appropriations
Payments for non-financial  assets2
Payments for other purposes
Total payments
 
Annual Capital Budget
Appropriations reduced
Section 32
 
$
$
$
$
$
$
$
$
DEPARTMENTAL
Ordinary annual services - Departmental Capital Budget1
63,256,000
-
-
63,256,000
(63,349,341)
-
(63,349,341)
(93,341)
 
Notes:
1. Departmental Capital Budgets are appropriated through Appropriation Acts (No.1,3). They form part of ordinary annual services, and are not separately identified in the Appropriation Acts. For more information on ordinary annual services appropriations, please see Table A: Annual appropriations.
2. Payments made on non-financial assets include purchases of assets, expenditure on assets which has been capitalised, costs incurred to make good an asset to its original condition, and the capital repayment component of finance leases.
 
 
2012 Capital Budget Appropriations
Capital Budget Appropriations applied in 2012 
(current and prior years)
Variance
 
Appropriation Act
FMA Act
Total Capital Budget Appropriations
Payments for non-financial  assets 3
Payments for other purposes
Total payments
 
Annual Capital
Budget
Appropriations
reduced 2
Section 32
 
$
$
$
$
$
$
$
$
DEPARTMENTAL
Ordinary annual services - Departmental Capital Budget1
73,446,000
-
-
73,446,000
(78,723,440)
-
(78,723,440)
(5,277,440)
 
Notes:
1. Departmental and Administered Capital Budgets are appropriated through Appropriation Acts (No.1,3,5). They form part of ordinary annual services, and are not separately identified in the Appropriation Acts. For more information on ordinary annual services appropriations, please see Table A: Annual appropriations.
2. Appropriations reduced under Appropriation Acts (No.1,3,5) 2011-12: sections 10, 11, 12 and 15 or via a determination by the Finance Minister.
3. Payments made on non-financial assets include purchases of assets, expenditure on assets which has been capitalised, costs incurred to make good an asset to its original condition, and the capital repayment component of finance leases.
 
Table C: Unspent Annual Appropriations ('Recoverable GST exclusive')
 
Authority
2013
2012
 
$
$
DEPARTMENTAL
Appropriation Act (No.2) 2005-06
1,000
1,165,000
Appropriation Act (No.4) 2005-06
-
50,153
Appropriation Act (No.2) 2006-07
-
9,643,000
Appropriation Act (No.2) 2007-08
-
7,166,000
Appropriation Act (No.2) 2008-09
305,859
4,507,000
Appropriation Act (No.4) 2008-09
-
1,876,000
Appropriation Act (No.2) 2009-10
292,000
23,392,000
Appropriation Act (No.1) 2010-11
-
961,056
Appropriation Act (No.2) 2010-11
59,254,469
45,864,000
Appropriation Act (No.4) 2010-11
473,000
473,000
Appropriation Act (No.1) 2011-12
23,493,331
355,867,024
Appropriation Act (No.2) 2011-12
70,884,000
72,005,000
Appropriation Act (No.3) 2011-12
-
21,363,601
Appropriation Act (No.5) 2011-12
-
300,000
Appropriation Act (No.1) 2012-13
349,409,388
-
Appropriation Act (No.2) 2012-13
54,145,000
-
Appropriation Act (No.3) 2012-13
12,158,309
-
Appropriation Act (No.4) 2012-13
2,350,000
-
 
Total
572,766,356
544,632,834
 
Authority
2013
2012
$
$
ADMINISTERED
Appropriation Act (No.2) 2009-10
51,473,081
59,461,988
Appropriation Act (No.1) 2011-12
85,557
27,128,552
Appropriation Act (No.3) 2011-12
-
4,463,000
Appropriation Act (No.1) 2012-13
25,837,385
-
 
Total
77,396,023
91,053,540
 
 
Table D: Special Appropriations ('Recoverable GST exclusive')
 
Authority
Appropriation applied
2013
2012
Type
Purpose
$
$
Export Finance and Insurance Corporation (EFIC) Act 1991
s.54(10), Administered
Unlimited Amount
For the payment by the Commonwealth to EFIC of amounts equal to the amount of capital determined by the EFIC Board as necessary to overcome the inadequacies, or expected inadequacies, in the moneys or other assets of EFIC to meet the expected liabilites, losses or claims against EFIC
-
-
Financial Management and Accountability Act 1997
s.28(1), Administered
Refund
To provide an appropriation where an Act or other law requires or permits the repayment of an amount received by the Commonwealth and apart from this section there is no specific appropriation for the repayment
888,482
953,172
Total
888,482
953,172
 
 
Table E: Reduction in Administered Items ('Recoverable GST exclusive')
 
 2013
 Amount required3 - by Appropriation Act
Total amount required3
Total amount appropriated4
Total reduction5
Ordinary Annual Services
Act (No.1)
Act (No.3)
Act (No.5)
Outcome 1
249,438,890.83
-
-
249,438,890.83
274,379,000.00
24,940,109.17
Outcome 2
113,467.04
-
-
113,467.04
750,000.00
636,532.96
 
Notes:
`
1. Numbers in this section of the table must be disclosed to the cent.
2. Administered items for 2013 were reduced to these amounts when these financial statements were tabled in Parliament as part of the entity's 2013 annual report. This reduction was effective in 2014, but the amounts were reflected in Table A in the 2013 financial statements in the column 'Appropriations reduced' as they were adjustments to 2013 appropriations.
3. Amount required as per Appropriation Act (Act 1 s. 11).
4. Total amount appropriated in 2013.
5. Total reduction effective in 2014.
 
 2012
 Amount required3 - by Appropriation Act
Total amount required3
Total amount appropriated4
Total reduction5
Ordinary Annual Services
Act (No.1)
Act (No.3)
Act (No.5)
Outcome 1
244,105,766.95
1,020,000.00
3,000,000.00
248,125,766.95
278,395,000.00
30,269,233.05
Outcome 2
247,919.62
-
-
247,919.62
750,000.00
502,080.38
 
Notes:
1. Numbers in this section of the table must be disclosed to the cent.
2. Administered items for 2012 were reduced to these amounts when these financial statements were tabled in Parliament as part of the entity's 2012 annual report. This reduction was effective in 2013, but the amounts were reflected in Table A in the 2012 financial statements in the column 'Appropriations reduced' as they were adjustments to 2012 appropriations.
3. Amount required as per Appropriation Act (Act 1 s. 11).
4. Total amount appropriated in 2012.
5. Total reduction effective in 2013.
 

Note 25: Special Accounts
 
Note 25A: Special Accounts (Recoverable GST exclusive)
 
 
Expositions Special Account (Administered)1
Consular Services Special Account (Administered)2
Administered Payment and Receipts Account for Other Entities Special Account (Administered)3
Services for Other Entities and Trust Monies Special Account (Administered)4
Overseas Property Special Account (Departmental)5
 
2013
2012
2013
2012
2013
2012
2013
2012
2013
2012
 
$
$
$
$
$
$
$
$
$
$
Balance brought forward from previous period
747,893
7,391,247
44,574
44,194
4,999,812
5,000,000
672,758
3,070,424
440,589,985
393,250,280
Increases:
Appropriation credited to special account
1,500,000
1,020,000
-
-
-
-
-
-
-
Costs recovered
71,846
322,797
62,645
82,707
254,422,047
229,209,068
2,011,613
2,195,329
9,378,980
14,180,935
Realised investments
-
-
-
-
-
-
-
-
104,904,844
103,378,431
Other receipts
-
-
-
-
-
-
-
-
Other receipts
-
-
-
-
-
-
-
-
-
Total increases
1,571,846
1,342,797
62,645
82,707
254,422,047
229,209,068
2,011,613
2,195,329
114,283,824
117,559,366
Available for payments
2,319,739
8,734,044
107,219
126,901
259,421,859
234,209,068
2,684,371
5,265,753
554,873,809
510,809,646
Decreases:
Departmental
Payments made to employees
-
-
-
-
-
-
-
-
(2,928,310)
(2,899,017)
Payments made to suppliers
-
-
-
-
-
-
-
-
(119,282,513)
(66,601,363)
Return of capital and dividends
-
-
-
-
(1,417,363)
(719,281)
Total departmental decreases
-
-
-
-
-
-
-
-
(123,628,186)
(70,219,661)
 
Administered
Payments made to employees
(210,786)
(672,719)
-
-
-
-
-
-
-
Payments made to suppliers
(1,115,424)
(7,313,432)
-
(254,421,859)
(229,209,256)
(2,056,140)
(4,592,995)
-
Payments made to other
-
(62,595)
(82,327)
-
-
-
Total administered decreases
(1,326,210)
(7,986,151)
(62,595)
(82,327)
(254,421,859)
(229,209,256)
(2,056,140)
(4,592,995)
-
-
 
Special Public Money
Payments made
-
-
-
-
-
-
-
-
Payments made to others
-
-
-
-
Total special public money decreases
-
-
-
-
-
-
-
-
-
-
Total decreases
(1,326,210)
(7,986,151)
(62,595)
(82,327)
(254,421,859)
(229,209,256)
(2,056,140)
(4,592,995)
(123,628,186)
(70,219,661)
Total balance carried to the next period
993,529
747,893
44,624
44,574
5,000,000
4,999,812
628,231
672,758
431,245,623
440,589,985
 
1  Appropriation: Financial Management and Accountability Act 1997 section 20
Establishing Instrument:  Financial Management and Accountability (Special Accounts)  Determination 2007/14
Purpose:
(a) to acquire, lease, hire, construct, manage, operate, repair, maintain, identify and advise on, and undertake any other activities in relation to Australia's participation at international expositions; and
(b) activities that are incidental to a purpose mentioned in paragraph (a); and
(c) to reduce the balance of the Special Account (and, therefore, the available appropriation for the Special Account) without making a real or notional payment; and
(d) to repay amounts where an Act or other law requires or permits the repayment of an amount received.
 
2 Appropriation: Financial Management and Accountability Act 1997 section 20
Establishing Instrument:  Financial Management and Accountability (Special Accounts)  Determination 2005/38
Purpose:
(a) providing assistance to Australian citizens and permanent residents overseas:
(i) in circumstances of urgency; or
(ii) when commercial money transfer services are unavailable or inappropriate; and
(b) to repay to an original payer amounts credited to the Special Account and residual after any necessary payments have been made under paragraph (a); and
(c) activities that are incidental to a purpose mentioned in paragraphs (a) or (b); and
(d) to reduce the balance of the Special Account (and, therefore, the available appropriation for that Account) without making a real or notional payment; and
(e) to repay amounts where an Act or other law requires or permits the repayment of an amount received.
 
3 Appropriation: Financial Management and Accountability Act 1997 section 20
Establishing Instrument:  Financial Management and Accountability (Special Accounts)  Determination 2005/26
Purpose:
(a) to make payments overseas on behalf of entities, and
(b) to make payments to entities for amounts received overseas on their behalf; and
(c) to make payments overseas on projects jointly funded with entities; and
(d) activities that are incidental to a purpose mentioned in paragraphs (a), (b) and (c); and
(e) to reduce the balance of the Special Account (and, and therefore, the available appropriation for that Special Account) without making a real or notional payment; and
(f) to repay amounts where an Act or other law requires or permits the repayment of an amount received.
 
4 Appropriation: Financial Management and Accountability Act 1997 section 20
Establishing Instrument:  Financial Management and Accountability (Special Accounts)  Determination 2009/25
Purpose:
(a) disburse amounts held in trust or otherwise for the benefit of a person other than the Commonwealth;
(b) disburse amounts in connection with services performed on behalf of other governments and bodies that are not FMA Act agencies;
(c) repay amounts where an Act or other law requires or permits the repayment of an amount received; and
(d) reduce the  balance of the Special Account (and, therefore, the available appropriation for the Account) without making a real or notional payment.
 
5 Appropriation: Financial Management and Accountability Act 1997 section 20
Establishing Instrument:  Financial Management and Accountability (Special Accounts) Determination 2002/01
Purpose:
(a) acquire, lease, construct, manage, operate, repair, maintain, divest, finance, identify or advise on, and undertake any other activities in relation to, the real property of the Commonwealth outside Australia; and
(b) return dividends or net proceeds from the sale of an asset to the Budget as agreed between the Finance Minister and the responsible minister; and
(c) carry out activities that are incidental to a purpose mentioned in paragraph (a); and
(d) reduce the balance of the Special Account (and, therefore, the available appropriation for the Account) without making a real or notional payment; and
(e) repay amounts where an Act or other law requires or permits the repayment of an amount received.