{"id":"F2005L00293","name":"Financial Management and Accountability Orders (Financial Statements for reporting periods ending on or after 30 June 2005)","slug":"financial-management-and-accountability-orders-financial-statements-for-reporting-periods-ending-on-","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":436647,"registerId":"F2005L00293-fast-fetch-1775953775491","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Name of Orders","content":"1 Name of Orders\n\n  These Orders are the Financial Management and Accountability Orders (Financial Statements for reporting periods ending on or after 30 June 2005) .\n\nNotes:\n\n- These Orders are in relation to preparation of financial statements;\n- Other matters relating to Agencies are dealt with in other Orders made by the Minister under subsection 63 (1) of the Financial Management and Accountability Act 1997.\n\n","sortOrder":0},{"sectionNumber":"2","sectionType":"section","heading":"Commencement","content":"2 Commencement\n\n  These Orders commence on gazettal.\n\n","sortOrder":1},{"sectionNumber":"3","sectionType":"section","heading":"Financial statements for reporting periods ending on or after 30 June 2005","content":"3 Financial statements for reporting periods ending on or after 30 June 2005\n\n  For subsection 49 (2) of the Financial Management and Accountability Act 1997, Schedule 1 sets out the requirements for the preparation of annual financial statements for the reporting periods year ending on or after 30 June 2005.\n\n \n\nNote:\n\n","sortOrder":2},{"sectionNumber":"Sch 1","sectionType":"schedule","heading":"is identical to Schedule 1 to the Commonwealth Authorities and Companies Orders (Financial Statements for reporting periods ending on or after 30 June 2005). The purpose of having identical requirements is to achieve uniformity in financial reporting across the Australian Government public sector which will assist in the preparation of annual financial statements in relation to the Australian Government by the Finance Minister under section 55 of the Financial Management and Accountability Act 1997. Accordingly, certain terms, requirements and references contained in Schedule 1 to these Orders apply to Commonwealth Authorities and not to Agencies while other terms, requirements and references apply to Agencies and not to Commonwealth Authorities.","content":"Schedule 1 is identical to Schedule 1 to the Commonwealth Authorities and Companies Orders (Financial Statements for reporting periods ending on or after 30 June 2005). The purpose of having identical requirements is to achieve uniformity in financial reporting across the Australian Government public sector which will assist in the preparation of annual financial statements in relation to the Australian Government by the Finance Minister under section 55 of the Financial Management and Accountability Act 1997. Accordingly, certain terms, requirements and references contained in Schedule 1 to these Orders apply to Commonwealth Authorities and not to Agencies while other terms, requirements and references apply to Agencies and not to Commonwealth Authorities.\n\nSchedule 1 Requirements for the Preparation of the Financial Statements for the reporting periods ending on or after 30 June 2005.\n\n \n\n \n\n \n\n \n\nSchedule 1: Requirements for the preparation of Financial Statements of Australian Government Entities (Black Letter Policy and Appendix A Only)\n\n \n\n \n\n# Table of Contents\n\n[Table of Contents](#_Toc90794240)\n\n[1A Commencement](#_Toc90794241)\n\n[1B Application](#_Toc90794242)\n\n[1C Certification](#_Toc90794243)\n\n[1D Exemptions](#_Toc90794244)\n\n[1E Rounding Off](#_Toc90794245)\n\n[1F Simplified Reporting](#_Toc90794246)\n\n[1G Materiality (new Policy)](#_Toc90794247)\n\n[2A Recognition of Appropriations](#_Toc90794248)\n\n[2B Departmental and Administered Items](#_Toc90794249)\n\n[2C Appropriations Disclosures](#_Toc90794250)\n\n[2D Reporting of Outcomes and Outputs](#_Toc90794251)\n\n[2E Special Accounts](#_Toc90794252)\n\n[3A Receivables](#_Toc90794253)\n\n[3B Internal Use Software](#_Toc90794254)\n\n[3C Non-Current Assets](#_Toc90794255)\n\n[3D Impairment of Non-Current](#_Toc90794256)\n\n[3E Analysis of Property, Plant and Equipment, and Intangibles](#_Toc90794257)\n\n[3F Restricted Assets](#_Toc90794258)\n\n[3G Assets Held in Trust](#_Toc90794259)\n\n[3H Sale of Administered Investments](#_Toc90794260)\n\n[3I Heritage And Cultural Assets](#_Toc90794261)\n\n[4A Contingent Liabilities and Contingent Assets](#_Toc90794262)\n\n[4B Commitments](#_Toc90794263)\n\n[5A Restructure](#_Toc90794264)\n\n[5B Analysis of Equity](#_Toc90794265)\n\n[6A Administered Reporting](#_Toc90794266)\n\n[6B Administered Investments](#_Toc90794267)\n\n[7A Compensation and Debt Relief in Special Circumstances (formerly Special Payments - Act of Grace, Ex Gratia, Waivers, CDDA and under section 73 of the Public Service Act 1999)](#_Toc90794268)\n\n[7B Director/Manager Remuneration](#_Toc90794269)\n\n[7C Remuneration of Auditors](#_Toc90794270)\n\n[APPENDIX A - FORMS OF FINANCIAL STATEMENTS, SCHEDULES AND NOTES:](#_Toc90794271)\n\n[Section 1: Commercial Reporting Entities](#_Toc90794272)\n\n[Section 2: Non-Commercial Reporting Entities](#_Toc90794273)\n\n[Section 3: Administered Reporting](#_Toc90794274)\n\n# 1A Commencement\n\n1A.1 Subject to Clause 1A.2 of this Policy, the requirements set out in this Schedule shall apply to financial statements prepared for reporting periods ending on or after 30 June 2004, unless amended.\n\n1A.2 For entities that cease to exist during a year:\n\n(a)              the financial reporting requirements set out in this Schedule shall apply if the date of cessation of activity is on or after the date of effect of this Schedule; or\n\n(b)              the financial reporting requirements set out in the previous Schedule shall apply if the date of cessation of activity is prior to the date of effect of this Schedule.\n\n# 1B Application\n\n1B.1 Financial statements must be prepared for the following entities:\n\n(a)              each Agency and Commonwealth authority;\n\n(b)              the economic entity, comprising the Agency or Commonwealth authority and its subsidiaries; and\n\n(c)              each activity or activities of an Agency which is/are determined to be a Business Operation.\n\n1B.2 The financial statements of each entity must comply with all applicable requirements of this Schedule and:\n\n(a)              include the primary statements, schedules and notes in the form prescribed in Appendix A of this Schedule, and a statement as required by Clause 1C.2 or 1C.3 of this Schedule;\n\n(b)              include all note disclosures specified in the Policies of this Schedule;\n\n(c)              comply with accounting standards and accounting interpretations that apply for the reporting period issued by:\n\n(i)  the Australian Accounting Standards Board (established under section 226 of the Australian Securities and Investment Commission Act 2001); and\n\n(ii)  the former Public Sector Accounting Standards Board, unless superseded by standards and interpretations of the Australian Accounting Standards Board;\n\n(d)              have regard to the Explanatory Notes to this Schedule;\n\n(e)              have regard to the Statements of Accounting Concepts (SACs);\n\n(f)              comply with Consensus Views issued by the Urgent Issues Group (UIG) that apply for the reporting period;\n\n(g)              where competitive neutrality (CN) payments are required under the Commonwealth Competitive Neutrality Policy Statement - June 1996, entities must separately report an explanation for CN payments, and the breakdown of these payments into:\n\nCN - Regulatory Neutrality Payment\n\nCN - Debt Neutrality Payment\n\nCN - State Tax Equivalent Payment\n\nCN – Commonwealth Tax Equivalent Payment\n\nCN - Other Payment; and\n\n(h)              have regard to Estimates Memorandums, FinanceBriefs, Finance Circulars, Financial Management Guidances and other guidance/policies  issued by the Department of Finance and Administration.\n\n1B.3 The financial statements must be presented in the following order:\n\n(a)              Statement by the Chair of the Board, or Directors, Chief Executive and Chief Financial Officer as required by Clause 1C.2 or 1C.3 of this Schedule;\n\n1.                primary statements (Statements of Financial Performance, Financial Position and Cash Flows);\n2.                 Schedules of Contingencies and Commitments;\n3.                Schedule of Administered Items; and\n4.                 Notes to the Financial Statements, including Administered Notes.\n\n1B.4 Requirements in this Schedule should only be applied in the financial statements of the entity to the extent that they are relevant or applicable to a reporting period or comparative reporting period.\n\n1B.5 Unless specifically otherwise stated in this Schedule or an accounting standard, comparatives must be disclosed.\n\n1B.6 If an entity wishes to early adopt a new accounting standard it must seek approval from the Department of Finance and Administration due to the potential effect on the preparation of the Consolidated Financial Statements.\n\n1B.7 The requirements of this Schedule apply where information resulting from their application is material. Information is material if its omission, misstatement or non-disclosure has the potential to adversely affect:\n\n(a)              decisions about the allocation of scarce resources made by users of the entity’s financial report; or\n\n(b)              the discharge of accountability by the entity.\n\n# 1C Certification\n\n1C.1 The signed auditor’s report on the financial statements must be attached to the financial statements.\n\n1C.2 The certification of each economic entity, comprising a Commonwealth authority and its subsidiaries’ financial statements, must include a statement by the Chair of the Board, or Directors, and Chief Executive Officer as to:\n\n(a) whether the financial statements, in their opinion, give a true and fair view of the matters required by this Schedule;\n\n(b) whether the financial statements, in their opinion, have been prepared based on properly maintained financial records;\n\n(c) whether or not, in their opinion, there are, when the statement is made, reasonable grounds to believe that the entity will be able to pay its debts as and when they fall due other than financial institutions which apply AAS 32 Specific Disclosures by Financial Institutions; and\n\n(d)              when additional information is required to be included in the notes to give a true and fair view, then the reasons for forming this view and the location of the additional notes in the financial statements.\n\nThe following elements must also be included in the certification:\n\n1.                      disclosure that the certification has been made in accordance with a resolution of the Directors;\n2.                      the date on which the statement is made; and\n3.                      the signature of the Chair of the Board, or Directors, and Chief Executive Officer.\n\n1C.3 The certification of each other entity required under Clause 1B.1 to prepare Financial Statements, must include a statement by the Chief Executive as to:\n\n(a)              whether the financial statements, in their opinion, give a true and fair view of the matters required by this Schedule;\n\n(b)              whether the financial statements, in their opinion, have been prepared based on properly maintained               financial records; and\n\n(c)              when additional information is required to be included in the notes to give a true and fair view, then the reasons for forming this view and the location of the additional notes in the financial statements.\n\nThe following elements must also be included in the certification:\n\n(i) the date on which the statement is made; and\n\n(ii) the signature of the Chief Executive.\n\n# 1D              Exemptions\n\n1D.1 The Finance Minister may grant a written exemption to the Chief Executive of an Agency or Directors of a Commonwealth authority, as the case may be, from any specified requirements of this Schedule.\n\n1D.2 An exemption granted under Clause 1D.1 of this Policy may be granted subject to conditions, including a requirement for alternative forms of disclosure.\n\n1D.3 The Chief Executive or Directors must disclose the particulars of any exemption granted under this Policy in the notes to the financial statements.\n\n# 1E Rounding Off\n\n1E.1 Unless otherwise provided by this Policy, amounts in the financial statements may be rounded off as follows:\n\n1.                where a reporting entity has assets, liabilities, expenses or revenues in excess of $10 million — it may disclose, in substitution for an amount required or permitted to be disclosed, that amount rounded off to the nearest $1,000, unless that amount is $500 or less, in which case the amount should be rounded to zero; and\n2.                where a reporting entity has assets, liabilities, expenses or revenues in excess of $1 billion — it may disclose in substitution for an amount required or permitted to be disclosed, that amount rounded off to the nearest $1 million, unless that amount is $500,000 or less, in which case the amount should be rounded to zero.\n\n1E.2 Where an amount, as a result of rounding off, is reduced to zero in the primary statements, that amount must be disclosed to the nearest dollar in a note to the financial statements.\n\n1E.3 Rounding off must be applied consistently throughout the financial statements and the level of rounding of must be clearly indicated where it is applied.\n\n1E.4 This Policy applies to both entity and administered items.\n\n# 1F Simplified Reporting\n\n1F.1 Entities may adopt the simplified reporting provisions set out in this Policy.\n\nPresentation of primary financial statements\n\n1F.2 Where the entire amount of an entity’s net surplus/deficit is attributable to the Australian Government in both the current and immediately preceding reporting periods, it is not necessary to include line items in the Statement of Financial Performance styled ‘Net Surplus or Deficit attributable to the Australian Government’ or ‘Net Surplus or Deficit attributable to outside equity interest’.\n\n \n\n1F.3 Where an amount is disclosed on the face of a primary statement, it is not necessary to repeat this information in the notes to the financial statements, unless this is required in conjunction with the presentation of other information.\n\nSchedules\n\n1F.4 Where there are no commitments or contingencies in either the current or the immediately preceding reporting periods, it is not necessary to include a Schedule for such items. Instead, the fact that there are no such items should be disclosed in the notes to the financial statements.\n\nNotes to the financial statements\n\n1F.5 Where an entity has no foreign exchange transactions or balances in respect of either the current or the immediately preceding reporting periods, disclosure of the entity’s accounting policies for foreign exchange is not required.\n\n1F.6 Where there are no reportable post-balance date events, disclosure of this fact is not required.\n\n1F.7 Where an entity has no insurance arrangements other than coverage from Comcover and Comcare, disclosure of the entity’s insurance arrangements is not required.\n\n1F.8 Where an entity is exempt from all forms of taxation except fringe benefits tax and goods and services tax, disclosure of the taxation status of the entity is not required.\n\n1F.9 Where the cash balance in the Statement of Financial Position equals the cash balance in the Statement of Cash Flows, in both the current and the immediately preceding reporting periods, the reconciliation of these two items referred to in sub-paragraph 12.1(b) of AAS 28 Statement of Cash Flows is not required.\n\n1F.10 Where the net fair value of each class of an entity’s financial asset and liability equals its carrying amount in both the current and immediately preceding reporting periods, and none of these financial assets or liabilities are readily traded on organised markets in a standardised form, entities may state this fact, instead of disclosing these amounts as per sub-paragraph 5.6(a) of AAS 33 Presentation and Disclosure of Financial Instruments.\n\n1F.11 In relation to Policy 7A of this Schedule, an entity that has no transactions in either the current reporting or any comparative period, should disclose by way of note that there were no such transactions or balances.\n\n1F.12 This Policy applies to both entity and administered items.\n\n# 1G Materiality (new Policy)\n\n1G.1 The requirements of this Schedule apply where information resulting from their application is material. Information is material if its omission, misstatement or non-disclosure has the potential to adversely affect:\n\n(a) decisions about the allocation of scarce resources made by users of the entity’s financial report, or\n\n(b) the discharge of accountability by the entity.\n\n1G.2 Any material classes of revenues, expenses, assets and liabilities not specified in Appendix A of this Schedule must be disclosed in the notes separately under the heading to which they relate unless they are shown on the face of the Statement of Financial Position or Statement of Financial Performance.\n\n1G.3 Any immaterial classes of revenues and expenses not specified in Appendix A section may be included in a class described as ‘other’ under the heading to which they relate.\n\n1G.4 The line item for “Other” under revenues, expenses, assets, liabilities, commitments and contingencies should not exceed 10% of the total value of that category.\n\n1G.5 This Policy applies to both entity and administered items.\n\n# 2A              Recognition of Appropriations\n\n2A.1 The earliest point of recognition and/or disclosure for appropriations is as follows:\n\n(a)              for Appropriation Act (No. 1) and (No. 2) and Appropriation (Parliamentary Departments) Act (No. 1) —the commencement of the financial period (e.g. 1 July);\n\n1.                for special appropriations—when drawn down;\n2.                 for all other Appropriation Acts—the date of royal assent; and/or\n3.                for other amounts determined by the Finance Minister (or his delegate) the date of determination.\n\n2A.2 All appropriations must be disclosed in accordance with Policy 2C of this Schedule.\n\n2A.3 For Commonwealth Authorities, moneys received from the Australian Government, excluding grants, are to be recognised and/or disclosed as revenue in accordance with this Policy, as if they were appropriations.\n\nDepartmental appropriations\n\n- Departmental outputs\n\n2A.4 For departmental output appropriations, recognise the full amount appropriated for departmental outputs as revenue of the year of appropriation, in the financial report, adjusted by all applicable current year formal additions and reductions listed at Clause 2A.15 of this Policy.\n\n- Non-operating appropriations\n\n2A.5 Departmental non-operating appropriations must be recognised and disclosed in accordance with this Policy. The amounts to be recognised are to be the amounts in the Appropriation Acts, adjusted, where applicable, in accordance with Clause 2A.15 of this Policy.\n\n- Equity injections and returns\n\n2A.6 Departmental equity injection appropriations must be recognised as a contribution by owners, and not as revenue. This will directly increase ‘Contributed Equity’ from the commencement of the period to which the appropriation applies, irrespective of when drawn down.\n\n2A.7 Departmental equity returns must be recognised as a return of capital in accordance with Clause 5B.7 of this Schedule, and not as a reduction to or refund of revenue. This will directly reduce ‘contributed equity’ from the time the return of capital is paid.\n\n2A.8 Departmental equity injections or returns can include restructuring agreements resulting from a transfer of function (refer to Clause 5A.2 of this Schedule) and determinations under section 10 Appropriations Act (No. 3) 2003-2004 and section 12 of Appropriation Act (No.4) 2003-2004 (refer to Clause 5B.8 of this Schedule).\n\n- Loan appropriations\n\n2A.9  Departmental loan appropriations must be recognised when the appropriation is drawn down as increases in borrowings, and not as revenue.\n\n - Undrawn appropriations - purchasing/workload agreements\n\n2A.10 Where an entity has undrawn appropriation  under a purchasing, workload or other agreement, which is required by the agreement to be returned to Government, the entity must recognise the undrawn amount as a liability and not as a reduction to the appropriation revenue.\n\n-Previous years’ outputs\n\n2A.11 Appropriations for ‘previous years’ outputs’ are funding for outputs delivered in prior periods. Recognition of these arrangements will have required revenue to be recognised in the prior period with a debit to appropriations receivable. Therefore when the appropriation is drawn down in the current year it must be recognised against the appropriation receivable and not as revenue.  However, where revenue was not recognised in a prior period, revenue for this type of appropriation must be recognised at the beginning of the period during which the appropriation was granted.\n\n2A.12 For recognition and disclosure requirements for departmental special appropriations refer to Clauses 2A.20 to 2A.22 of this Policy.\n\nAppropriations – adjustments to current year revenue\n\n2A.13 Formal additions or reductions to appropriation revenue occur when an entity has gained or lost the capacity to control an appropriation. When an  appropriation is increased or reduced as a result of a formal addition or reduction, an entity will need to adjust its recognition and/or disclosure of appropriation revenue to the extent the entity has not already adjusted the appropriation for formal additions and reductions in previous years.\n\n2A.14 To be a formal addition or reduction, the gain or loss of control must be evidenced in writing from the appropriate authority as outlined in Clause 2A.15 of this Policy.\n\n2A.15 Appropriation revenues may only be adjusted, where applicable, by formal additions or reductions, in the current year, for the current year, which are as follows:\n\n1.                                                      net appropriations under section 31 of the FMA Act ;\n2.                                                     transfers of appropriation under section 32 of the FMA Act ;\n3.                                                      other amounts (excluding section 31) determined by the Finance Minister (or his delegate) under Part 3 Additions to Appropriations of Appropriation Acts 2004-2005;\n4.                                                     determination of reductions in accordance with the Appropriation Acts;\n5.                                                      adjustments as stipulated by any agreement that provides for additional revenue for over delivery, such as purchasing, workload or other agreements;\n6.                                                       adjustments made as a result of a decision by the Government, for an entity to provide additional outputs during the current financial period that will be provided for in the subsequent financial period; and/or\n7.                                                      all other reductions (including savings approved at Additional Estimates), made as a consequence of a policy of the Government, evidenced by a decision of the Cabinet or the Prime Minister.\n\n2A.16 The agreements referred to in Sub-clause 2A.15(e) of this Policy must:\n\n(a)              set out one or more quantifiable deliverable(s) and/or a specific amount of appropriation relating to each; and\n\n(b)              be approved by, or arise from, Ministerial decisions prior to the funding being given.\n\nAdministered Appropriations\n\n2A.17 Administered appropriations must be disclosed when drawn down in the ‘Administered Reconciliation Table’ (in accordance with Clause 6A.3 of this Schedule), and not as revenue.\n\n2A.18 For administered special appropriations disclosure requirements, refer to Clauses 2A.20 to 2A.22 of this Policy.\n\n-State Payment Items\n\n2A.19 The funding for State payment items (Specific Purpose Payments to the States and Territories) shall be reported as administered appropriations (in accordance with Policy 2B of this Schedule).\n\nSpecial Appropriations – limited and unlimited\n\n2A.20 Entities must report the full amounts appropriated, for limited and unlimited special appropriations for which they are responsible (except where Clause 2A.21 applies), for the current year, as follows for:\n\n(a)              departmental special appropriations, recognise when drawn down the full amount appropriated as revenue in the financial statements and where applicable, adjusted by all current year addition and reduction provisions listed at Clause 2A.15 of this Policy; and\n\n(b)              administered special appropriations, disclose the full amount appropriated when drawn down and where applicable, adjusted by all current year addition and reduction in the ‘Administered Reconciliation Table’ (in accordance with Clause 6A.3 of this Schedule).\n\n2A.21 Where the entity that has drawn against the special appropriation is not the entity responsible for the special appropriation:\n\n(a)              the responsible entity must disclose the name of the entity to which it has given drawing rights; and\n\n(b)              the entity that has drawn against the special appropriation must recognise and disclose in its financial statements the amount that it has drawn against the special appropriation and disclose the name of the responsible entity.\n\nDepartmental Appropriations Receivable\n\n2A.22 A departmental appropriation receivable should be recognised where:\n\n1.                the entity has received an appropriation and some portion of that appropriation remains undrawn at the end of the financial year;\n2.                appropriate evidence demonstrates that additional outputs have been requested of an entity during the current financial period by the Australian Government and funding by way of appropriation for those additional outputs has been promised but will not be provided to the entity until a subsequent financial period in accordance with Clause 2A.15; and/or\n3.                 appropriate evidence demonstrates that the Australian Government has agreed to provide additional appropriation for over delivery such as purchasing and workload agreements and funding by way of appropriation for those additional outputs has been promised but will not be provided to the entity until a subsequent financial period.\n\n# 2B Departmental and Administered Items\n\n2B.1 This Policy applies when determining the classification of an item as “departmental” or “administered” for the purpose of preparing accrual based financial reports (i.e. for all reporting other than in the appropriation and Special Account disclosures notes required by Clauses 2C and 2F of this Schedule).\n\n2B.2 Subject to a reclassification by the Finance Minister or a delegate of the Finance Minister of an item under Clause 2B.6 of this Policy, where an amount is explicitly described in an Act (including an annual Appropriation Act) as being ‘departmental’ or ‘administered’, it will be classified, for the purposes of accrual reporting in the financial statements of the entity, as described in the Act.\n\n2B.3 All amounts appropriated as State payment items (Specific Payments to the States and Territories) in the annual Appropriation Acts are to be classified as administered items for accrual reporting purposes in the financial statements.\n\n2B.4 Other than as provided in Clauses 2B.2 and 2B.3 of this Policy, all other items will be classified as ‘departmental’ or ‘administered’ according to the following rules:\n\n(a)              ‘Departmental items’ cover those assets, liabilities, revenues, expenses, cash flows, contingencies and commitments over which the entity has control that are applied to the production of the entity’s own outputs; [[1]](#_ftn1) and\n\n(b)              ‘Administered items’ are assets, liabilities, revenues, expenses, cash flows, contingencies and commitments that the entity does not control and which are subject to highly prescriptive rules or conditions established by legislation, or Australian Government Policy, in order to achieve Australian Government outcomes.\n\n2B.5 Specific reporting requirements apply in relation to trust moneys (refer to Policy 3G of this Schedule).\n\n2B.6 Approval for classifications of new items and reclassifications of existing items is to be obtained from the Finance Minister or a person authorised by the Finance Minister.\n\n \n\n# 2C Appropriations Disclosures\n\n2C.1 Entities must make the disclosures in tabular form required by this Policy for all appropriations, including all special appropriations, in the notes to the financial statements.\n\nTable A: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund for Ordinary Annual Services Appropriations1, 14\n\n- Particulars Administered Expenses Departmental Outputs Total\n- Outcome 1 Outcome …'n'\n- Reductions of appropriations (prior years) 2\n- Appropriation Act (No.1) 2004-20053\n- Appropriation Act (No.3) 2004-20054\n- Departmental adjustments by the Finance Minister (Appropriation Acts) 5\n- Comcover receipts (Appropriation Act s13)\n- Advance to the Finance Minister 6\n- Refunds credited (net) (FMA s 30)\n- Appropriation reduced by section 9 determinations (current year) 7\n- Appropriations to take account of recoverable GST (FMA s 30A) 8 [C]\n- Annotations to ‘net appropriations’ (FMA s 31) [D]\n- Total appropriation available for payments [A+B+C+D]\n- Cash payments made during the year (GST inclusive) [E]\n- Appropriations credited to Special Accounts (excluding GST) [F]\n- Balance of Authority to Draw Cash from the Consolidated Revenue Fund for Ordinary Annual Services Appropriations13 [A+B+C+D+E+F]\n- Departmental appropriations receivable*1, 9\n- Departmental appropriations receivable – drawing rights withheld by the Finance Minister (FMA s27(4))*1, 9\n- Formal reductions of appropriation*1, 10\n- Departmental appropriation receivable (appropriation for additional outputs)*1, 11\n\n- Particulars Administered Expenses Outcome 1 Outcome …'n' Departmental Outputs Total\n- 2003–04 (Comparative period) 12\n- Appropriation Act (No.1) 2003-2004\n- Appropriation Act (No.3) 2003-2004\n- Departmental adjustments by the Finance Minister (Appropriation Acts)\n- Appropriations to take account of recoverable GST (FMA s30A)8\n- Appropriation lapsed 7\n- Payments made during the year (GST inclusive)\n\n### 1         The amounts recorded in this table are primarily on a cash basis. However where indicated by an asterisk (*) the amount recorded should be an accrual amount.\n\n2         Entities must distinguish between “reductions for prior years” through section 8 and 9 determinations relating to previous years, and “appropriation that was reduced by a section 9 determination for the current year”, and disclose the former for this item. In determining the amount to be disclosed for section 8 determinations, entities must disclose the amount the appropriation was reduced by (e.g. annual appropriation, less all adjustments such as section 32, less section 8 determination amount equals the amount of appropriation reduced by the section 8 determination).\n\n3         As per Appropriation Act (No. 1) 2004-2005, and where appropriate, Appropriation (Parliamentary Departments) Act (No.1) 2004-2005.\n\n### 4         This item must be as per Appropriation Act (No. 3) 2004-2005, and where appropriate, Appropriation (Parliamentary Departments) Act (No.2) 2004-2005.\n\n### 5         Section 11 Appropriation Acts (No. 1) and (No. 3) 2004-2005 or section 13 of Appropriation (Parliamentary Departments) Acts (No.1) and (No.2) 2004-2005.\n\n6         Section 12 Appropriation Acts (No. 1) and (No. 3) 2004-2005 or section 14 of Appropriation (Parliamentary Departments) Acts (No.1) and (No.2) 2004-2005.\n\n7         This amount will be the current year amount of appropriation for departmental and/or administered items that was reduced by a section 9 for Act 1 and equivalent for Act 3 determinations by the Finance Minister before 30 June.\n\n8         The amount recorded will be the amounts of GST appropriated during the reporting period (i.e. cash paid basis), but will need to exclude GST appropriated for payments to Special Accounts. This will allow for comparability between appropriation disclosure under this Policy and the disclosure of special accounts under Policy 2E of this Schedule.\n\n9         Entities must disclose the appropriation receivable net of that amount for which the Finance Minister “withheld the drawing right” and separately disclose the amount of appropriation receivable whose drawing rights have been withheld.\n\n10      Where an adjustment meets the recognition criteria of a formal reduction to an appropriation, in accordance with Clause 2A.15 of this Schedule, but at law the appropriation has not been reduced, the entity must disclose those amounts as an aggregate.\n\n### 11      This item must equal the amount of appropriation promised to an entity to provide additional outputs in the current year with appropriation to be provided in the following year.\n\n12      If an entity prefers, the comparative year information may be shown to the right of the current year columns. If this approach is taken, the more extensive current year disclosure requirements must be used for both years.\n\n### 13      This table refers to the long title of Appropriation Acts 1 and 3, which is “An Act to appropriate money out of the Consolidated Revenue Fund for the ordinary annual services of the Government, and for related purposes”. This table includes Appropriation (Parliamentary Departments) (No. 1) Act.\n\n### 14      The “Represented by” lines in Table A and related footnotes 9-11 are intended to report a reconciliation between the balance of each appropriation legally available as at 30 June each year and the balances of cash and appropriations receivables for departmental items and the balance of cash in an agency’s administered bank accounts for administered items.  Entities should report any other reconciling items if applicable.\n\n \n\nTable B:  Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund for Other than Ordinary Annual Services Appropriations1, 15\n\n \n\n- SPPs2 NAE3 SPPs2 NAE3 Equity Loans Previous Years’ Outputs Admin assets and liabilities\n- Reduction of appropriations (prior years) 4\n- Appropriation Act (No.2) 2004-20055\n- Appropriation Act (No.4) 2004-20056\n- Departmental Adjustments and Borrowings7\n- Advance to the Finance Minister 8\n- Refunds credited (net) (FMA s30)\n- Appropriation reduced by a section 11 determination (current year) 11\n- Appropriations to take account of recoverable GST (FMA s30A) 9 [C]\n- Total appropriations available for payments [A+B+C]\n- Cash payments made during the year (GST inclusive) [D]\n- Appropriations credited to Special Accounts (GST exclusive) [E]\n- Balance of Authority to Draw Cash from the Consolidated Revenue Fund for Other Than Ordinary Annual Services Appropriations15 [A+B+C+D+E]\n- Departmental appropriation receivable*1, 11\n- Departmental appropriation receivable – Drawing rights withheld by the Finance Minister (FMA s27(4)) *1, 11\n- Formal reductions of appropriation revenue*12\n- Departmental appropriation receivable (appropriation for additional outputs)* 13\n\n- 2003–04 (Comparative period) 14\n- Appropriation Act (No.2) 2003-2004\n- Appropriation Act (No.4) 2003-2004\n- Adjustments by the Finance Minister\n- Appropriations to take account of recoverable GST (FMA s30A)\n- Appropriation lapsed10\n\n### 1         The amounts recorded in this table are primarily on a cash basis. However, where indicated by an asterisk (*) the amount recorded should be an accrual amount.\n\n2         State payment items (Specific Payments to the States and Territories) (refer Budget Papers).\n\n3         New Administered Expenses.\n\n4         For this item, entities must distinguish between “reductions for prior years” through section 7, 8 and 11 determinations made during the current year that relate to previous years, and “appropriation that was reduced by a section 11 determination for the current year”, and disclose the former. In determining the amount to be disclosed for section 8 determinations, entities must disclose the amount the appropriation was reduced by (i.e. annual appropriation, less all adjustments such as section 32, less section 8 determination amount equals the amount of appropriation reduced by the section 8 determination).\n\n5         As per Appropriation Act (No. 2) 2004-2005, and where appropriate, Appropriation (Parliamentary Departments) Act (No.1) 2004-2005.\n\n6         This item must be as per Appropriation Act (No. 4) 2004-2005, and where appropriate, Appropriation (Parliamentary Departments) Act (No.1) and (No. 2) 2004-2005.\n\n7         Section 12 Appropriation Act (No. 2) and (No.4) 2004-20005 and section 13 of Appropriation (Parliamentary Departments) Acts (No.1) and (No.2) 2004-2005.\n\n8         Section 13 Appropriation Act (No. 2) and (No.4) 2004-2005 and section 14 of Appropriation (Parliamentary Departments) Acts (No.1) and (No.2) 2004-2005.\n\n9         The amount recorded will be the amounts of GST appropriated immediately before payments are made (i.e. cash paid basis), but will need to exclude GST appropriated for payments from Special Accounts. This will allow for comparability between appropriation disclosure under this Policy and the disclosure of special accounts under Policy 2E of this Schedule.\n\n10      This amount will be the current year amount of appropriation for departmental and/or administered items that was reduced by a section 11 for Act 1 and equivalent for Act 4 determinations by the Finance Minister before 30 June.\n\n11      Entities must disclose the appropriation receivable net of that amount for which the Finance Minister “withheld the drawing right” and separately disclose the amount of appropriation receivable whose drawing rights have been withheld.\n\n12      Where an adjustment meets the recognition criteria of a formal reduction to an appropriation, in accordance with Clause 2A.15 of this Schedule, but at law the appropriation has not been reduced, the entity must disclose those amounts as an aggregate.\n\n13      This item must equal the amount of appropriation promised to an entity to provide additional outputs in the current year with appropriation to be provided in the following year.\n\n14      If an entity prefers, the comparative year information may be shown to the right of the current year columns. If this approach is taken, the more extensive current year disclosure requirements must be used for both years.\n\n### 15      To distinguish between appropriations in Table A, for Appropriation Act 1, 3 and Parliamentary Departments 1, this Table B refers to “Other than Ordinary Annual Services Appropriations”. (Refer to note 13, Table A of this Policy.)\n\n### 16      The “Represented by” lines in Table B and related footnotes 12-13 are intended to report a reconciliation between the balance of each appropriation legally available as at 30 June each year and the balances of cash and appropriations receivables for departmental items and the balance of cash in an agency’s administered bank accounts for administered items.  Entities should report any other reconciling items if applicable.\n\n \n\nTable C: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund - Special Appropriations (Unlimited Amount) 1, 2, 3\n\n \n\n| Particulars of legislation providing appropriation (including purpose) | 2005 | 2004 |\n| Refunds credited (net) (FMA s 30) |  |  |\n| Total charged to appropriation |  |  |\n\n \n\n1 Prepare a separate table for each Act, current as at reporting date. In the heading to the table:\n\n2 Entities must disclose all unlimited special appropriations in this format, excluding those unlimited special appropriations required to be disclosed under Tables D and E of this Policy.\n\n3 For cross-referencing purposes, where an entity makes disclosures under this Table, and at least one other entity has drawn from the same special appropriation, the entity making disclosures under this Table must name those other entities by making the following statement: “(Other entity/entities) also drew from (special appropriation provision/s).”\n\n","sortOrder":3},{"sectionNumber":"4","sectionType":"section","heading":"This item must reflect total cash payments made under the special appropriation by the entity during the year.","content":"4 This item must reflect total cash payments made under the special appropriation by the entity during the year.\n\n5 Entities must disclose their Portfolio Budget Statement estimate, and where relevant, adjust this estimate by their Portfolio Additional Estimates Statement estimate, for this item. Cash payments are not legally limited to Budget estimates.\n\n \n\nTable D: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund - Special Appropriations (Refund Provisions)1, 2\n\n| <br>Particulars of legislation providing appropriation3 | 2005 | 2004 |\n| Refunds credited (net) (FMA s30) |  |  |\n| Total charged to special appropriation |  |  |\n| Budget estimate5 (list each other legislative provision that refunds have been made under) |  |  |\n| Budget estimate5 (FMA s28) |  |  |\n\n \n\n1 Where an entity has not used section 28 of the FMA Act or any other legislative provision allowing for refunds to be paid, that entity may make the following statement in the notes to their financial statements, in place of disclosing this table: “For the periods 2003-04 and 2004-05, (Entity) has not used section 28 of the FMA Act or any other legislative provision allowing for refunds to be paid.”\n\n2 If the entity has made repayments using section 28 of the FMA Act or any other legislative provision for repayments required or permitted under law, the entity must disclose the aggregate of all those transactions in this table.\n\n3 Prepare a separate table for each Act, current as at reporting date. In the heading to the table:\n\n4 This item must reflect the total refunds made by the entity during the year  (including s28 refunds if applicable).\n\n5 Entities must disclose their Portfolio Budget Statement estimate, and where relevant, adjust this estimate by their Portfolio Additional Estimates Statement estimate, for this item. Cash payments are not legally limited to Budget estimates.\n\n \n\nTable E: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund - Special Appropriations  (Section 39 of the FMA Act)1\n\n| Investment of Public Money:<br>Special Appropriations under section 39 of the FMA Act2 | 2005 | 2004 |\n| Amount invested carried from previous period |  |  |\n| Prior year investments redeemed in current year3 |  |  |\n| Investments made during the year3, 4 |  |  |\n| Redemptions of current year investments4 |  |  |\n| Amount invested carried to the next period (sum of the above) |  |  |\n\n \n\n1 Where an entity has a delegation but has not used section 39 of the FMA Act, that entity may make the following statement in place of disclosing this table: “For the periods 2003-04 and 2004-05, (Entity) has not used section 39 of the FMA Act.”\n\n2 In the heading to the table:\n\n3 Where a section 39 investment has earnt interest, and that interest is redeemed and reinvested, entities must include the amount of interest in this item, and state that this amount includes interest and the amount of interest that is included.\n\n4 This is the gross amount.\n\n5 Entities must disclose their Portfolio Budget Statement estimate, and where relevant, adjust this estimate by their Portfolio Additional Estimates Statement estimate, for this item. Payments are not legally limited to Budget estimates.\n\n \n\nTable F: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund - Special Appropriation (Limited Amount)1, 2, 3\n\n \n\n- Particulars of legislation providing appropriation (including purpose) 2005 2004\n- Appropriation by type Appropriation by type\n- Amount available carried from previous period\n- Appropriation for reporting period\n- Appropriations to take account of recoverable GST (FMA s30A) 4\n- Available for payments\n- Appropriations lapsed7\n- Amount available carried to the next period\n- Cash\n- Departmental appropriation receivable* 5,6,\n- Departmental appropriation receivable – drawing rights withheld by the Finance Minister (FMA s27(4))*5,6\n\n \n\n1 Prepare a separate table for each Act, as current at reporting date. In the heading to the table:\n\n(a) identify whether the special appropriation is administered or departmental; and\n\n(b) disclose the outcomes it is associated with.\n\nIf a departmental special appropriation includes both outputs and capital funding, please provide separate columns for each type.\n\n2 For cross-referencing purposes, where an entity makes disclosures under this Table, and at least one other entity has drawn from the same special appropriation, the entity making disclosures under this Table must name those other entities by making the following statement: “(Other entity/entities) also drew from (special appropriation provision/s).”\n\n3 Agencies must disclose the amount of limited special appropriations that under the terms of the appropriation lapse due to the passage of time.\n\n4 The amount recorded for this item will be the amounts of GST appropriated immediately before payments are made (i.e. cash paid basis), but will need to exclude GST appropriated for payments from Special Accounts. This will allow for comparability between appropriation disclosure under this Policy and the disclosure of special accounts under Policy 2E of this Schedule.\n\n### 5 The amounts recorded in this table are primarily on a cash basis. However, where indicated by an asterisk (*) the amount recorded should be an accrual amount.\n\n### 6 Entities must disclose the appropriation receivable net of that amount for which the Finance Minister “withheld the drawing right” and separately disclose the amount of appropriation receivable whose drawing rights have been withheld.\n\n### 7 Lapsed for time, or any other, constraints contained within the provisions of the special appropriations enabling legislation.  In this instance, there remains an unspent appropriation that is no longer available. This amount should reduce the ‘Amount available carried to the next period’.\n\n \n\n \n\n2C.2 The disclosures required by this Policy for appropriations, including special appropriations, are to be included, in the form specified, regardless of whether the relevant amounts are considered to be material.\n\n2C.3 For special appropriations, prepare a table for each Act.\n\n2C.4 For special appropriations, where an appropriation has not been drawn on in the current and the previous year, in place of completing the tables above, an entity may elect to make an abbreviated disclosure that includes all of the following:\n\n1.                identify whether the special appropriation is administered or departmental;\n2.                identify the legislative provision that provides the authority for the special appropriation;\n3.                 disclose the outcomes it is associated with;\n4.                state that the special appropriation was not drawn on in the current or previous year; and\n5.                 for limited special appropriations, the balance available.\n\n2C.5 Where there are material variances between the cash payments for the reporting period and the amount appropriated, otherwise authorised or estimated through Budget Estimates, entities should provide an explanation of those variances below the relevant Table.\n\n2C.6 This Policy applies to both departmental and administered items.\n\n2C.7 Refer to Policy 2A of this Schedule in relation to the recognition of appropriations.\n\nAppropriation for refunds required or permitted by law\n\n2C.8 Each Agency must ensure they have a valid appropriation for all amounts drawn from the Consolidated Revenue Fund for refunds (including repayments) required or permitted by law. These refunds, which include repayments made under section 28 of the FMA Act, should be recognised and/or disclosed under their valid appropriation, and as required by Table D of this Policy.\n\nInvestment of public money\n\n2C.9 Each entity must recognise and/or disclose all public money invested in authorised investments under section 39 of the FMA Act or sections 18 and 19 of the CAC Act in Table E of this Policy. All money invested through a special account must also be disclosed in accordance with Policy 2E of this Schedule.\n\n \n\n# 2D Reporting of Outcomes and Outputs\n\n2D.1 Entities in the General Government Sector must disclose in the notes the following tables relating to outcomes and outputs:\n\nTable A: Net Cost of Outcome Delivery\n\n- Outcome 11 Outcome …n1 Total2\n- Total expenses\n- Costs recovered 3\n- Total costs recovered\n- Other external revenues4\n- Total other external revenues\n- Net cost/(contribution) of outcome\n\n2                      Outcomes are to be as specified in the Appropriation Acts relevant to the entity.\n\n2                      The amounts in the total column for departmental items must agree to the entity’s Statement of Financial Performance and the amounts in the total column for administered items must agree to the entity’s totals in the Schedule of Administered Items.\n\n2                      Disclosure of cost recoveries is mandatory from the years ended 30 June 2003 onwards. Cost recoveries are defined in the Commonwealth Cost Recovery Guidelines for Information and Regulatory Agencies, Department of Finance and Administration, and in Definition of Terms of this Schedule.\n\n2                      Entities should disclose the nature of these external revenues by major class.  Where these include intra- or inter- government charges, such charges should be shown separately.\n\nTable B: Major Departmental Revenues and Expenses by Output Groups and Outputs\n\n- Outcome 1#1 Output Group 1.1n Outcome\n- Output 1…n Group Total Total\n- Departmental expenses\n- Total departmental expenses\n- Funded by:\n- Show each relevant major class of revenues\n- Total departmental revenues\n\n#1 Entities should prepare a separate Table B for each Outcome, with outcomes as specified in the Appropriation Acts relevant to the entity.\n\nParagraph 12.7 of AAS 29 Financial Reporting by Government Departments paragraph 12.7 requires disclosure of revenues and expenses by ‘major activity’, which includes outputs.\n\n \n\nTable C: Major Classes of Administered Revenues and Expenses by Outcome1\n\n- Outcome 12 Outcome…’n’2 Total3\n- Revenues\n\n \n\n1.                Paragraph 12.9 of AAS 29 Financial Reporting by Government Departments requires disclosure of administered revenues and expenses by ‘major activity’.\n2.                Outcomes are to be as specified in the Appropriation Acts relevant to the entity.\n3.                The amounts in the total column for administered items must agree to the entity’s totals in the Schedule of Administered Items.\n\n \n\n2D.2 Entities must disclose in footnotes to these Tables, that the net costs shown include intra-government costs (e.g. rent paid on Australian Government owned premises or fees for service) that would be eliminated in calculating the actual Budget outcome.\n\n2D.3 Entities preparing these tables must attribute shared items using a basis that most accurately reflects the total cost or revenue to each output or outcome. If this basis differs from that used in preparing the Budget, additional disclosure must be included to explain the variation.\n\n2D.4 Where an output or outcome changes during the year, entities must:\n\n(a) match the changed output or outcome to accord with the adjusted output or outcome arrangements approved through the portfolio additional estimates process; and\n\n(b) apportion the amounts disclosed between the new and former outputs or outcomes, based on the date that the change was approved through the portfolio additional estimates process, so that entities report against the original outputs or outcomes up to the date of the change and against the revised outputs or outcomes after that date.\n\n2D.5 The attribution method used to apportion shared items must be reliable and must be disclosed in the text accompanying the tables (see AAS 29 paragraph 12.7).\n\n2D.6 This Policy applies to both departmental and administered items.\n\n2D.7 The amounts disclosed must be net of refunds and adjustments.\n\n# 2E Special Accounts\n\n2E.1 Entities must:\n\n(a)              prepare a separate table for each Special Account used during the year; or\n\n(b)              apply Clause 2E.3 of this Policy where the Special Accounts have not been used during the current year and comparative year; and\n\n(c)              disclose the following table/s or disclosure as required by Clause 2E.3 of this Policy, in the notes to the financial statements.\n\nTable A:              Special Accounts\n\n| Full official title (eg account name)1, 2 | 2005 | 2004 |\n| Balance carried from previous period * |  |  |\n| Appropriation for reporting period3 |  |  |\n| Costs recovered |  |  |\n| GST credits (FMA s30A) |  |  |\n| Realised investments |  |  |\n| Other receipts (Show each major class)4 |  |  |\n| Available for payments |  |  |\n| Payments made (Show each major class) 4 |  |  |\n| Repayments debited from the Special Account (s 28)5 |  |  |\n| Investments debited from the Special Account (FMA s39) |  |  |\n| Balance carried to the next period * |  |  |\n| Represented by: |  |  |\n| Cash – transferred to the Official Public Account |  |  |\n| Cash – held by the entity |  |  |\n| Total balance carried to the next period |  |  |\n\n * Special Accounts cannot have a debit balance at any point.\n\n1.                      In the heading information, entities should also indicate:\n\n(a)               whether the account is administered, departmental or Special Public Money in nature;\n\n(b)               the purpose of the Special Account; and\n\n(c)               disclose the authority under which the Special Account was established.\n\n[Note: Where a Special Account was established by other Acts, the enabling legislation should also be disclosed.]\n\n1.                      Where a Special Account’s status has changed during the year (e.g. established, varied, revoked or abolished), the nature and date of effect of each change should be included in the heading information. Where the nature of these changes are significant, consideration should be given as to whether two disclosure tables should be prepared for the “before” and “after” periods.\n2.                      Each current year Appropriation Act should be reported on a separate line in the table and the total amount transferred and reported should agree with the Special Accounts disclosures as required by Policy 2C of this Schedule.\n3.                      Major classes are as per the primary statements in Appendix A of this Schedule. Where legislation directly credits a Special Account with amounts, this table should include a line ‘Amounts credited under the (full name of) Act’. Where interest is credited to a Special Account, this table should include a line ‘Interest amounts credited’.\n4.                      For all Special accounts the sum of the line ‘Investments debited from the Special Account (FMA s39)’ should add to the total figure reported in the table/s required by Policy 2C of this Schedule (except for/by AOFM).\n\nTable B:              Special Accounts Investment of Public Money 1, 2, 3\n\n| Full official title of Special Account: Investment of Public Money under section 39 of the FMA Act and sections 18 and 19 of the CAC Act | 2005 | 2004 |\n| Opening balance |  |  |\n| Investments made |  |  |\n| Interest earned |  |  |\n| Transaction charges |  |  |\n| Investments realised |  |  |\n| Closing Balance |  |  |\n\n \n\n1 If a delegation has been made under section 39 of the FMA Act or sections 18 and 19 of the CAC Act to the CEO of the entity in respect of the Special Account, and that delegation has been used, the entity must disclose the aggregate of all those transactions in this table.\n\n2 Where an entity has not used section 39 of the FMA Act or sections 18 and 19 of the CAC Act in respect of the Special Account, that entity may make the following statement in place of disclosing this table: “For the periods 2003-04 and 2004-05, (Entity) has not used section 39 of the FMA Act or sections 18 and 19 of the CAC Act in respect of this Special Account.”\n\n3 This Table must reflect investments made under section 39 of the FMA Act or sections 18 and 19 of the CAC Act by the entity in respect of this Special Account.\n\n2E.2 Entities that externally invest amounts standing to the credit of a special account, using a valid delegation of Financial Management and Accountability Act 1997 (FMA Act) section 39 investment powers, or sections 18 and 19 of the Commonwealth Authorities and Companies Act (CAC Act) should disclose the net amount invested during the year in the text accompanying the Special Account table(s).\n\n2E.3 Special Accounts which have not been used during the current year and comparative year, regardless of whether they have a nil or positive balance, may make this abbreviated disclosure instead of preparing the table at Clause 2E.1 of this Policy. This abbreviated disclosure would consist of:\n\n(a)              the Special Account’s title;\n\n(b)               whether the account is administered, departmental or Special Public Money in nature;\n\n(c)               the purpose of the Special Account;\n\n(d)               disclose the authority under which the Special Account was established;\n\n(e)              a statement noting the Special Account has not been used during the current year and comparative year; and\n\n(f)              the opening and closing balance.\n\n2E.4              Disclosures required by this Policy are to be included, in the form specified, regardless of whether the relevant amounts are considered to be material.\n\n2E.5              This Policy applies to both departmental and administered items.\n\n# 3A Receivables\n\n3A.1 At the end of the reporting period there must be shown, in a note, an aged analysis of receivables and provision for doubtful debts that are:\n\n(a) current;\n\n(b) overdue less than 30 days;\n\n(c) overdue 30 to 60 days;\n\n(d) overdue 61 to 90 days; and\n\n(e) overdue more than 90 days.\n\n3A.2              This Policy applies to both entity and administered items.\n\n# 3B Internal Use Software\n\n3B.1 This Policy applies to software held for internal entity use, whether internally developed or externally acquired. It does not apply to software held for sale or software that is an integral part of hardware.\n\n3B.2 Internally developed and externally acquired computer software for internal use must initially be recognised and, where applicable, capitalised at the cost of development or acquisition.\n\n3B.3 After initial recognition, internal use software should be carried at its cost less any accumulated amortisation and any accumulated write downs.\n\n3B.4 The carrying amount of internal use software must be amortised or depreciated over the useful life of the software.\n\n3B.5 This Policy applies to both entity and administered assets.\n\n# 3C Non-Current Assets\n\n3C.1 Entities must revalue every class of assets that include assets of the types listed below, on the fair value basis (or other valuation basis permitted by the transitional provisions of AASB 1041 Revaluation of Non-Current Assets):\n\n1.                land;\n2.                buildings;\n3.                 subject to Clause 3C.2 of this Policy, infrastructure, plant and equipment;\n4.                heritage and cultural assets;\n5.                 investment properties; and\n6.                  investments that are financial assets of Public Financial Corporations that are measured at market value with any changes in value recognised in net surplus/deficit in the reporting period in which the change occurs.\n\n All the above asset classes must be valued at their fair value at the end of the first reporting period beginning after 30 June 2004.\n\n3C.2 The cost basis must be applied to:\n\n(a)              specialist military equipment assets;\n\n(b)              intangible assets; and\n\n(c)              investments, except for investments that are required to be accounted for in accordance with the equity method of accounting under an Australian Accounting Standard and those investments referred to at Clause 3C.1(f) of this Policy.\n\n3C.3 Assets included in a class referred to in Clause 3C.1 of this Policy must be the subject of a formal valuation at least once every five years. A formal valuation is one:\n\n1.                 carried out by an independent qualified expert; or\n2.                carried out in accordance with a methodology approved by an independent qualified expert.\n\n3C.4 This Policy applies to both entity and administered assets.\n\n# 3D Impairment of Non-Current\n\n3D.1 This Policy applies to:\n\n1.                non-current assets of non-commercial entities where the future economic benefits comprising those assets are not primarily dependent on the asset’s ability to generate net cash inflows; and\n2.                entity and administered assets, except for administered investments in separate legal entities.\n\n3D.2 This Policy does not apply to:\n\n1.                non current assets of commercial entities; and\n2.                non-current assets of non-commercial entities where the future economic benefits comprising those assets are primarily dependent on the asset’s ability to generate net cash inflows.\n\n Such assets are subject instead to AAS 10 Recoverable Amount of Non-Current Assets if held at cost or deprival value or AASB 1041 Revaluation of Non-Current Assets if held at fair value.\n\n3D.3 Budget-funded appropriations are not cash inflows generated by an entity’s non-current assets. Entities, or parts of entities, other than those whose predominant purpose is to generate net cash inflows, are not cash generating operations for the purpose of AASB 1041.\n\n \n\nImpairment losses\n\n3D.4 At each reporting date, entities must assess whether there is any indication that assets to which this Policy applies may be impaired.\n\n3D.5 Where an asset is assessed as being impaired, the entity must estimate the recoverable amount of the asset. If the recoverable amount of the asset is less than its carrying amount, the carrying amount must be reduced to the recoverable amount. That reduction is an impairment loss.\n\n3D.6 An impairment loss in respect of an asset measured on the cost basis must be recognised immediately as an expense. An impairment loss in respect of an asset measured at deprival value must be accounted for as a revaluation decrement in accordance with paragraphs 5.4 and 5.5 of AASB 1041.\n\n3D.7 The recoverable amount of an asset is defined as the higher of its net selling price and its written-down current cost. Where an entity would not replace the remaining future economic benefits of an asset the written down current cost is zero.\n\nReversal of Impairment Losses\n\n3D.8 An entity shall assess at each reporting date whether there is any indication that an impairment loss recognised in prior periods for an asset may no longer exist or may have decreased.\n\n3D.9 If any indication referred to in Clause 3D.7 of this Policy exists, the entity must estimate the recoverable amount of the asset. If the recoverable amount is greater than the carrying amount of the asset, the carrying amount shall be increased to the recoverable amount. However, if the recoverable amount is greater than the carrying amount that would have been determined had no impairment loss been recognised, the asset must instead be restated at that latter amount. An increase in carrying amount under this paragraph is a reversal of an impairment loss.\n\n3D.10 A reversal of an impairment loss in respect of an asset measured on the cost basis must be recognised immediately as revenue. A reversal of an impairment loss in respect of an asset measured at deprival value must be accounted for as a revaluation increment in accordance with paragraphs 5.4 and 5.5 of AASB 1041.\n\nDisclosure\n\n3D.11 In the notes to the financial statements, an entity must disclose:\n\n(a)              for each class of assets:\n\n(i) the amount of impairment losses recognised as expense during the period; and\n\n(ii) the amount of reversals of impairment losses recognised as revenue during the period.\n\n(b)              for each material impairment loss or reversal recognised in the period:\n\n(i) the events and circumstances that lead to the recognition or reversal of the impairment loss;\n\n1.                    the amount of the impairment loss recognised or reversed;\n2.                    the nature of the asset;\n3.                    whether the recoverable amount of the asset is its net selling price or its value in use; and\n4.                    if recoverable amount is the net selling price, the basis used to determine net selling price (such as whether selling price was determined with reference to an active market or in some other way).\n\n# 3E              Analysis of Property, Plant and Equipment, and Intangibles\n\n3E.1 The notes to the financial statements must include tables A, B, C and D below.\n\n3E.2 This Policy applies to entity and administered items.\n\n \n\n \n\nTable A: Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment and Intangibles.\n\n \n\n- Item Land ($’000) Investment property ($’000) Buildings ($’000) Specialist military equipment ($’000) Other infra-structure, plant and equipment ($’000) Heritage and cultural assets ($’000) Computer software ($’000) Other intangibles ($’000)\n- As at 1 July (previous year)\n- Gross book value\n- Opening Net book value\n- Additions:\n- by purchase\n- by finance lease\n- from acquisitions of entities or operations (including restructuring)\n- Net revaluation increment/decrement\n- Reclassifications\n- Depreciation/amortisation expense\n- Recoverable amount write-downs\n- Other movements (give details below)\n- Disposals:\n- from disposal of entities or operations (including restructuring)\n- other disposals\n- As at 30 June (current year)\n- Gross Book Value\n- Closing Net Book Value\n\n## Table B: Property, Plant and Equipment and Intangibles at Valuation.\n\n| Item<br> | Land<br> <br> <br> <br>($’000) | Investment property<br> <br> <br>($’000) | Buildings<br> <br> <br> <br>($’000) | Specialist military equipment<br> <br>($’000) | Other infra-structure, plant and equipment<br>($’000) | Heritage and cultural assets<br> <br>($’000) | Computer software<br> <br> <br>($’000) | Other intangibles<br> <br> <br>($’000) |\n\n \n\nTable C: Property, Plant and Equipment and Intangibles Held under Finance Lease.\n\n| Item<br> | Land<br> <br> <br> <br>($’000) | Investment property<br> <br> <br>($’000) | Buildings<br> <br> <br> <br>($’000) | Specialist military equipment<br> <br>($’000) | Other infra-structure, plant and equipment<br>($’000) | Heritage and cultural assets<br> <br>($’000) | Computer software<br> <br> <br> ($’000) | Other intangibles<br> <br> <br>($’000) |\n\n \n\nTable D: Property, Plant and Equipment and Intangibles under Construction.\n\n| Item<br> | Buildings<br>($’000) | Specialist military equipment<br>($’000) | Other infra-structure, plant and equipment<br>($’000) | Computer software<br>($’000) | Other intangibles<br>($’000)<br> <br> |\n| --- | --- | --- | --- | --- | --- |\n| Gross value at 30 June (current year) |  |  |  |  |  |\n| Gross value at 30 June (previous year) |  |  |  |  |  |\n\n# 3F Restricted Assets\n\n3F.1 Where the use of an asset that is recognised in the Statement of Financial Position and/or Schedule of Administered Items is restricted, wholly or in part of, by regulations or other externally-imposed requirements, and information about those restrictions is relevant to assessing the performance or financial position of the entity, the following must be disclosed:\n\n1.     the identity and carrying amount of the assets; and\n2.    the nature of the restrictions.\n\n3F.2 The policy applies to both entity and administered items.\n\n# 3G Assets Held in Trust\n\n3G.1 The financial statements of entities must include a note giving particulars of assets, cash and non-cash, held in trust.\n\n3G.2 In relation to assets held in trust, the particulars required by Clause 3G.1 of this Policy must be provided as a summary of the categories of assets held at the end of the reporting period and the purpose for which they are being held.\n\n3G.3 In relation to cash held in trust, the particulars required by Clause 3G.1 of this Policy must include, for each significant category of trust, the:\n\n(a)              total amount held at the beginning of the reporting period;\n\n(b)              total receipts during the reporting period;\n\n(c)              total payments during the reporting period; and\n\n(d)              total amount held at the end of the reporting period:\n\n(i) by the entity; and\n\n(ii) in the Official Public Account on behalf of the entity as a receivable.\n\n3G.4 In relation to non-cash assets held in trust, the particulars required by Clause 3G.1 of this Policy must include, for each significant category of trust, except for assets held by intelligence and security entities:\n\n1.                 a short description of each non-cash asset;\n2.                the value of assets acquired or disposed of during the reporting period; and\n3.                 the value of assets at the end of the reporting period.\n\n \n\n# 3H Sale of Administered Investments\n\n3H.1 This Policy applies to administered investments measured on the cost basis and held for sale.\n\n3H.2 Administered investments are held for sale when a person or persons with the power to do so has made a formal, documented decision that the assets will be sold.\n\nMeasurement at the time of the decision to sell\n\n3H.3 The recoverable amount test in AAS 10 Recoverable Amount of Non-Current Assets is to be applied to all administered investment assets held for sale. The recoverable amount test must be initially applied as at the date of the decision to sell referred to in Clause 3H.2 of this Policy.\n\n3H.4 In calculating the recoverable amount under AAS 10, cash flows should be discounted to their net present value.\n\n3H.5 Immediately following the initial application of the recoverable amount test, an administered investment asset held for sale is classified as current or non-current based on the timing of the expected cash flows.\n\nSubsequent Measurement\n\n3H.6 Directly attributable selling costs incurred after the date of classifying an administered investment asset as held for sale are added to the cost of that asset as they are incurred. Where selling costs are directly attributable to a group of administered investment assets held for sale, but not to a single such asset, they should be recorded as a separate administered asset. All selling costs capitalised in accordance with this Policy must be allocated to administered investment assets held for sale at the end of each reporting period for the purposes of applying the AAS 10 recoverable amount test. Selling costs incurred before the date of the decision to sell are expensed.\n\n3H.7 The AAS 10 recoverable amount test is applied to current and non-current administered investment assets held for sale at the end of each reporting period until the asset is sold, otherwise disposed of, or the decision to sell the asset is revoked. If the decision to sell the asset is revoked, the asset is no longer classified as held for sale and is restated on the cost basis. The amount of any restatement is recorded as ‘Administered Revenue – Reversal of Recoverable Amount Write-down’.\n\n3H.8 Where directly attributable selling costs are controlled expenses of a Department, an amount equal to the portion incurred after the date of the decision to sell should be capitalised as part of the administered investment. The increase in the carrying amount of the administered investment is matched by an equivalent credit to ‘Administered revaluations taken to/from reserves’.\n\nTransfer of Administered Investment Assets\n\n3H.9 Where a decision to transfer an administered investment asset to another entity for sale has been taken, but it is not clear at what date that responsibility for the asset transferred, the asset is assumed to have transferred at the date of the decision to sell the asset.\n\n3H.10 The initial application of the recoverable amount test referred to at Clause 3H.3 of this Policy is performed by the transferring Department, and any resultant write-down of the asset is recognised in that Department’s administered expenses.\n\n3H.11 Transfers of administered investments held for sale must always be accounted for in accordance with Policy 5A of this Schedule.\n\nDisclosures\n\n3H.12 The following particulars must be disclosed in the administered notes for each asset sale:\n\n(a)              proceeds from sale;\n\n(b)              written-down value of assets sold, excluding capitalised selling costs attributable to the assets sold;\n\n(c)              capitalised selling costs; and\n\n(d)              net gain or loss on sale.\n\n# 3I Heritage And Cultural Assets\n\n3I.1 Heritage and cultural items should only be recognised as assets where they meet the definition and recognition criteria for an asset set out in Statement of Accounting Concepts 4 (SAC 4) Definition and Recognition of the Elements of Financial Statements.\n\n3I.2 Where the use or holding of heritage and cultural assets are subject to restrictions, the fair value ascribed to those assets should reflect those restrictions.\n\n3I.3 Heritage and cultural assets should not be depreciated if there is no foreseeable limit to the period over which they will be held and used.\n\n3I.4 When an entity controls or administers heritage and cultural items that are not recognised as assets, the notes to the financial statements must include the following:\n\n1.     a description of those items;\n2.     the reason for non-recognition of those items;\n3.      the amount expended to acquire such items during the financial year; and\n4.     the amount of proceeds from the disposal of such items during the financial year.\n\n3I.5 This Policy also applies to those components of buildings that have heritage or cultural value, where these can be separately identified from, and are material in relation to, the building as a whole.\n\n3I.6 This Policy applies to both entity and administered items.\n\n# 4A              Contingent Liabilities and Contingent Assets\n\n4A.1 Contingent liabilities and contingent assets that can be reliably measured must be included in the Schedule of Contingencies, in accordance with Appendix A of this Schedule, except where the probability of a liability or asset being recognised in the future is remote. Equivalent disclosure for administered contingent liabilities and contingent assets must be included in the Schedule of Administered Items.\n\n4A.2 Contingent liabilities and contingent assets must be classified in accordance with the categories in the Schedule of Contingencies.\n\n4A.3 A note to the financial statements titled ‘Contingent Liabilities and Contingent Assets’:\n\n(a)              must be included in each entity’s financial report;\n\n(b)              a separate note must be included for administered contingent liabilities and administered contingent assets;\n\n(c)              the note titles in both these cases need not refer to contingent assets if none exist;\n\n(d)              must include the information required by paragraph 14.6 of AASB 1044 Provisions, Contingent Liabilities and Contingent Assets;\n\n(e)              must include the information referred to at (d) above, in respect of any material remote contingencies; and\n\n(f)              must present separately information on non-remote and material remote contingencies\n\nin the format of the Schedule of Contingencies in Appendix A.\n\n4A.4 The reference in paragraph 14.8 of AASB 1044 to ‘entity’ must be read as ‘the entity, another Australian Government entity or the Australian Government as a whole’.\n\n# 4B Commitments\n\n4B.1 Commitments are:\n\n(a)              intentions to create liabilities, as evidenced by undertakings or agreements, to make future payments to other entities; and\n\n(b)              unrecognised liabilities that are Agreements Equally Proportionately Unperformed (AEPU) except where the AEPU is an onerous contract as defined in AASB 1044 Provisions, Contingent Liabilities and Contingent Assets.\n\n4B.2 The nature, and where quantifiable the amount, of each category of commitments must be disclosed in a Schedule of Commitments in accordance with the tables in Appendix A. Equivalent disclosure for administered commitments must be included in the Schedule of Administered Items.\n\n4B.3 The provisions of this Clause apply to both entity and administered items.\n\n# 5A Restructure\n\n5A.1 Where restructures have occurred during the reporting period, the financial statements of entities must include a note giving particulars of the restructure.\n\n5A.2 Non-reciprocal transfers of assets and liabilities between:\n\n(a) wholly owned Australian Government entities; or\n\n(b) departmental and administered classifications\n\nthat are a transfer of obligations as outlined in AAS 29 as a result of:\n\n1.             an Australian Government decision;\n2.             an Administrative Arrangements Order (AAO);\n3.             an Act of Parliament or a Regulation under an Act; or\n4.             a Written Agreement between the relevant Portfolio Minister(s) and the Finance Minister or the Prime Minister, as appropriate;\n\nare to be treated as contributions by, or distributions to, owners and must be recognised as direct adjustments to ‘Contributed Equity’ (Restructuring) at their net book value (less any token consideration) immediately prior to transfer. For the purposes of UIG Abstract 38 Contributions by Owners Made to Wholly-Owned Public Sector Entities, Clauses 5A.2 (i) to (iv) of this Policy are formal designations of transfers as contributions by or distributions to owners.\n\n5A.3 Paragraphs 7.4, 10.6 – 10. 9 of AAS 29 Financial Reporting by Government Departments apply to all Australian Government entities.\n\n5A.4 Transfers of administered assets or liabilities between two wholly owned Australian Government entities do not result in any revenues or expenses. Transfers of administered items must always be adjusted to Administered transfers to or from Government (Restructuring) at their net book value immediately prior to transfer.\n\n5A.5 All other transfers of assets and liabilities from one entity to another must be treated as giving rise to revenues and expenses in the financial period the transfer occurs.\n\n5A.6 This Policy applies to entity and administered items.\n\n \n\n# 5B Analysis of Equity\n\n5B.1 The notes for entities must include the following table reconciling the opening and closing balances of each class of departmental equity.\n\nTable A: Analysis of Equity (Departmental)\n\n|  | A | B | C | D | E =<br>B + C + D | F | G =<br>A +E+ F |\n| --- | --- | --- | --- | --- | --- | --- | --- |\n| Item<br> | Accumulated results<br> <br>($’000) | Asset revaluation reserve<br>($’000) | Foreign currency translation reserve<br>($’000) | Other reserves<br> <br>($’000) | Total reserves<br> <br>($’000) | Contributed equity/capital<br>($’000) | Total<br>Equity<br>($’000) |\n| Opening balance as at 1 July |  |  |  |  |  |  |  |\n| Net surplus/deficit |  |  |  |  |  |  |  |\n| Net revaluation increment/(decrement) |  |  |  |  |  |  |  |\n| Changes in accounting policies |  |  |  |  |  |  |  |\n| Currency translation gain/(loss) |  |  |  |  |  |  |  |\n| Transactions with owners: |  |  |  |  |  |  |  |\n| Distributions to owner: |  |  |  |  |  |  |  |\n| Returns on Capital |  |  |  |  |  |  |  |\n| Dividends |  |  |  |  |  |  |  |\n| Returns of Capital |  |  |  |  |  |  |  |\n| Other (give details) |  |  |  |  |  |  |  |\n| Contributions by owners: |  |  |  |  |  |  |  |\n| Appropriations<br> (equity injections) |  |  |  |  |  |  |  |\n| Other (give details below) |  |  |  |  |  |  |  |\n| Transfers to / (from) reserves |  |  |  |  |  |  |  |\n| Closing balance as at 30 June |  |  |  |  |  |  |  |\n| Less: Outside Equity Interests |  |  |  |  |  |  |  |\n| Total equity attributable to the Australian Government |  |  |  |  |  |  |  |\n\n \n\n5B.2 Details of ownership transactions that result in changes in equity must be disclosed in the notes to the financial statements.\n\nReturns on Capital - Dividends\n\n5B.3 Where legislation provides that a Minister(s) may determine the amount to be paid as a dividend or similar distribution from a wholly-owned Australian Government entity, with or without recommendation or proposal from the entity, the entity must recognise a liability for that dividend or distribution at the date of the Ministerial determination.\n\n5B.4 Where the entity is required to pay its full profit for the year to the Australian Government, a liability must be recognised for an amount equal to profit for the current year as at the entity’s reporting date.\n\n5B.5 Where any entity is required to pay its profit for the year to the Australian Government after the deduction of certain amounts, a liability for dividend must be recognised if those amounts are known before the date of completion of the financial statements. If these amounts are not known before this date, the entity should instead disclose a contingent liability in the notes to the financial statements.\n\nRepayments of Appropriations\n\n5B.6 Where an Agency makes payments to the Official Public Account (OPA) in the nature of repayments of amounts appropriated but does not relinquish the right to redraw those amounts, the entity should account for this by increasing ‘Appropriations Receivable’. Such payments are neither returns on capital nor returns of capital. They do not affect the equity of the entity and should not be included in the Equity table.\n\nReturns of Capital\n\n5B.7 Where an entity relinquishes control of funds by making a non-reciprocal payment to the Official Public Account, other than as a dividend (as provided in Clauses 5B.3 to 5B.5 of this Policy, or otherwise), the entity shall account for the payment by debiting ‘Contributed Equity’.\n\n5B.8 An entity shall recognise a debit to ‘Contributed Equity’, as required by Clause 5B.7 of this Policy, when a departmental appropriation is reduced pursuant to section 10, Appropriation Act (No. 3) 2003-2004 or section 12, Appropriation Act (No. 4) 2003-2004, to the extent the entity has not previously recognised a debit entry evidencing control of the appropriation has been relinquished.\n\nTiming of recognition\n\n5B.9 Reductions in equity under Clauses 5B.7 and 5B.8 of this Policy are recognised in the financial statements of the entity:\n\n(a)              if they are required by Ministerial direction, at the date of that direction;\n\n(b)              if they are reductions to departmental appropriations pursuant to section 10 Appropriation Act (No. 3) 2003-2004 or section 12, Appropriation Act (No. 4) 2003-2004, at the date of that direction; or\n\n(c) in all other cases, at the date that payment is made.\n\n# 6A Administered Reporting\n\n6A.1 The financial statements of an entity, which administers activities for the Australian Government, must include a Schedule of Administered Items and associated Administered Notes:\n\n(a)              in the form prescribed in Appendix A Section 3 of this Schedule;\n\n(b)              including the Administered Reconciliation Table in accordance with Clause 6A.3 of this Policy;\n\n(c)              including disclosures in relation to accounting policies and financial instruments in accordance with the relevant accounting standards, and\n\n(d)              with background shading for the Schedule of Administered items and Administered Notes.\n\n6A.2 The Schedule of Administered Items and Administered Notes must:\n\n(a)              to the extent that they are applicable, comply with sub-Clauses 1B.2(c) to 1B.2(h) of this Schedule;\n\n(b)              comply with all requirements of this Schedule that apply to those items including Policies 2A and 2C in relation to reporting of appropriations;\n\n(c)              show the amounts and particulars of the classes of revenues, expenses, assets, liabilities and cash flows administered on behalf of the Australian Government specified in Appendix A Section 3;\n\n(d)              disclose any material classes of revenues, expenses, assets, liabilities and cash flows administered on behalf of the Australian Government, not specified in Appendix A Section 3, under the heading to which they relate or create a new heading to suit the individual circumstances (eg rental income, audit fees);\n\n(e)              disclose any immaterial classes of revenues, expenses, assets, liabilities and cash flows administered on behalf of the Australian Government, not specified in Appendix A Section 3, in a class described as ‘other’ under the heading to which they relate;\n\n(f)              include in the line item for ‘Other' under revenues, expenses, assets, liabilities, commitments and contingencies administered on behalf of the Australian Government amounts not  exceeding 10% of the total value of the respective category; and\n\n(g)              state in the heading or as a footnote in the Schedule of Administered Items a brief description of the activities being administered on behalf of the Australian Government.\n\n6A.3 Administered Reconciliation Table\n\n \n\n|  | Note | 2005 | 2004 |\n| --- | --- | --- | --- |\n| Opening administered assets less administered liabilities at 1 July |  |  |  |\n| Plus Administered revenues |  |  |  |\n| Less Administered expenses |  |  |  |\n| Administered transfers to/from Australian Government:<br>Appropriation Transfers from OPA:<br>Annual Appropriations Administered expenses<br>Administered assets and liabilities Appropriations<br>Special Appropriations (limited)<br>Special Appropriations (unlimited)<br>Transfers to OPA<br>Restructuring<br>Transfers to other Entities (Finance – Whole of Government)<br>Transfers from other Entities (Finance – Whole of Government) |  |  |  |\n| Administered revaluations taken to/from reserves |  |  |  |\n| Currency translation gain/loss |  |  |  |\n| Changes in accounting policies |  |  |  |\n| Closing administered assets less administered liabilities |  |  |  |\n\n# 6B Administered Investments\n\n6B.1 The total amount of the Australian Government’s investment in each separate legal entity for which the Portfolio Minister is responsible must be disclosed in the Schedule of Administered Items. Details of the investments must be disclosed in the related Administered Notes.\n\n6B.2 Administered investments, other than those required to be equity accounted for in accordance with 6B.5, are to be recognised on the cost basis. Administered investments measured on the cost basis and held for sale are subject to the recoverable amount test under AAS 10 Recoverable Amount of Non-Current Assets and Policy 3H Sale of Administered Investments of this Schedule.\n\n (NB: This Clause is a simplified statement continuing past FMO requirements. In prior years, the FMOs required interests held as at 30 June 1997 which had been revalued before that date to be carried at their 30 June 1997 amount, and all other investments, other than those that were required to be equity accounted, to be carried at cost. Adjustments to these amounts were to be made as required by the (continuing) current Clause 6B.3 of this Policy. These policies effectively required administered investments on hand as at 30 June 2002 would be carried at cost or at deemed cost in accordance with the introduction of accounting standard AAS 38 Revaluation of Non-Current Assets in 2000-01 and its replacement AASB 1041 Revaluation of Non-Current Assets introduced in 2001-02).\n\n6B.3 The carrying amount of the administered investments referred to in Clause 6B.2 of this Policy must not be adjusted except where required by:\n\n(a)              Clause 6B.4 of this Policy;\n\n(b)              another Policy of this Schedule; and/or\n\n(c)               an applicable Accounting Standard.\n\n6B.4 Capital injections and withdrawals, and contributions by, or distributions to, owners, must be reflected in the carrying amount of administered investments.\n\n6B.5 Administered investments that are required by an accounting standard to be equity accounted must be recognised in accordance with that accounting standard.\n\n# 7A Compensation and Debt Relief in Special Circumstances (formerly Special Payments - Act of Grace, Ex Gratia, Waivers, CDDA and under section 73 of the Public Service Act 1999)\n\n7A.1 Disclosures are required to be made in accordance with this Policy regardless of whether the relevant amounts are considered to be material.\n\n7A.2 The financial statements must include a note showing any expenses and/or provisions in relation to each of the following compensation and debt relief mechanisms:\n\n(a)              act of grace payments, pursuant to subsection 33(1) of the Financial Management and Accountability Act 1997 (FMA Act);\n\n(b)              waivers of debt owing to the Australian Government, (being amounts that the entity would, but for the waiver, have been entitled to receive on behalf of the Australian Government);\n\n(i) pursuant to subsection 34(1) of the FMA Act; and\n\n(ii) pursuant to other legislation, which must be specified;\n\n(c) payments under the Compensation for Detriment caused by Defective Administration (CDDA) Scheme;\n\n(d) payments under approved ex-gratia programs, the nature of which must be identified; and\n\n(e) payments in special circumstances relating to APS employment pursuant to section 73 of the Public Service Act 1999 (PS Act).\n\n7A.3 The note must disclose the number of cases and aggregate amount for those cases expensed during the reporting period under each of the mechanisms specified at Clause 7A.2. In addition where any of the act of grace cases expensed during the reporting period include periodical payments for specified periods (paragraph 33(1)(b) of the FMA Act refers), the note must separately identify the number of such cases and the aggregate amount of expenses relating to those cases.\n\n7A.4 The note must disclose the number and aggregate present value amount of those cases relating to any provisions at the end of the reporting period under each of the mechanisms specified at Clause 7A.2. This requirement is particularly relevant where cases under the act of grace mechanism include periodical payments for specified periods past the reporting date, but may also apply to any of the other mechanisms in particular circumstances.\n\n7A.5 Each disclosure required by this Policy must be cross-referenced with other relevant notes, and/or schedules, as applicable.\n\n7A.6 This Policy applies to departmental and administered items, both of which must be distinguished in the relevant note.\n\n# 7B Director/Manager Remuneration\n\n7B.1 Disclosures are required to be made in accordance with this Policy regardless of whether the relevant amounts are considered to be material.\n\n7B.2 The following information must be disclosed in the notes to the financial statements in regard to the remuneration of Directors of a Commonwealth authority:\n\n(a)              the number of Directors of the Commonwealth authority whose total remuneration for the financial year derived from the Commonwealth authority in connection with the management of the affairs of the entity or its subsidiaries, whether as a Director or otherwise, falls within each band of $10,000; and\n\n(b)              the total of the remuneration referred to in paragraph (a) of all Directors referred to in that paragraph.\n\n7B.3 The consolidated financial statements must include in a note the total of the remuneration of all Directors of each entity in the economic entity, comprising the Commonwealth authority and its subsidiaries, for the financial year.\n\n7B.4 The following information must be disclosed in the notes to the financial statements in regard to the remuneration of managers:\n\n(a)              the aggregate remuneration of all managers of the entity whose remuneration for the financial year is $100,000 or more; and\n\n(b)              the number of managers of the entity whose total remuneration for the financial year falls within each successive $10,000 band, commencing at $100,000;\n\n being remuneration received or due and receivable, directly or indirectly, from the entity or any related party in connection with the management of the affairs of the entity or any of its subsidiaries, whether as a manager or otherwise.\n\n7B.5 The following information must be disclosed in the notes to the financial statements of an economic entity where an Agency or Commonwealth authority is the parent entity in the economic entity:\n\n(a)              the aggregate remuneration of all managers of the economic entity whose remuneration for the financial year is $100,000 or more; and\n\n(b)              the number of managers of the economic entity whose total remuneration for the financial year falls within each successive $10,000 band, commencing at $100,000;\n\nbeing remuneration received or due and receivable, directly or indirectly, from the entities in the economic entity or a related party in connection with the management of the affairs of the entities in the economic entity, whether as a manager or otherwise.\n\n7B.6 In addition to all other requirements of this Policy, the aggregate amount of separation and redundancy expenses for managers should be disclosed separately.\n\n# 7C Remuneration of Auditors\n\n7C.1 Disclosures are required to be made in accordance with this Policy regardless of whether the relevant amounts are considered to be material.\n\n7C.2 The financial statements of an entity must include a note giving particulars of the remuneration of auditors for:\n\n(a) auditing the financial statements for that reporting period; and\n\n(b) any other services provided during that reporting period.\n\n7C.3 The fair value of any of the services provided free of charge by the Auditor-General must also be shown.\n\n7C.4 For the purpose of this Policy, performance audits are not taken to be services provided to an entity.\n\n7C.5 Commonwealth authorities must disclose the extent to which auditors’ remuneration is paid to an auditor other than the Auditor-General.\n\n \n\n# APPENDIX A - FORMS OF FINANCIAL STATEMENTS, SCHEDULES AND NOTES:\n\n# Section 1: Commercial Reporting Entities\n\n \n\n \n\nstatement of financial performance for Commercial Reporting Entities\n\nfor the period ended ___________\n\nREVENUE 2005 2004\n\n \n\n \n\nRevenue from sale of assets (note x)\n\nReversals of previous asset write-downs (note x)\n\n \n\n \n\nEXPENSE\n\n \n\n \n\nBorrowing costs expense (note x)\n\nShare of net profits or (losses) of associates and joint ventures accounted for using the equity method\n\n \n\nProfit or (Loss) from Ordinary Activities Before Income Tax\n\n \n\nIncome tax expense or (revenue) relating to ordinary activities\n\n \n\nProfit or (Loss) from Ordinary Activities After Income Tax\n\n \n\nProfit or (loss) on extraordinary items after income tax expense or (revenue) (note x)\n\n \n\nNet Profit or (Loss)\n\n \n\nOutside equity interests in net profit or (loss)\n\n \n\nNet Profit or (Loss) Attributable to the Australian Government\n\n \n\nNet credit (debit) to asset revaluation reserve\n\nNet exchange difference recognised as a direct debit (credit) to equity\n\nAdjustments arising from Standards recognised as direct debit (credit) to equity\n\nInitial adjustments from transitional UIG Consensus View recognised as a direct debit (credit) to equity\n\n \n\nTotal Revenues, Expenses and Valuation Adjustments attributable to Members of the Parent Entity and Recognised Directly in Equity[[2]](#_ftn2)\n\n \n\nTotal Changes in Equity other than those resulting from transactions with Owners as Owners\n\nstatement of financial position for Commercial Reporting Entities\n\nas at ____________\n\nASSETS\n\nCurrent Assets\n\nCash (note x)[Note this can include Investments including (section 39 FMA Act; section 18 CAC Act; section 19 CAC Act)]\n\nTax assets\n\nTotal Current Assets\n\nNon‑Current Assets\n\nInvestment (note x)\n\nHeritage and cultural assets (note x)\n\nInvestment Property (note x)\n\nTax assets\n\nHeritage and Cultural Assets (note x)\n\nOther non-current assets (note x)\n\nTotal Non‑Current Assets\n\nTotal Assets\n\nLIABILITIES\n\nCurrent Liabilities\n\nInterest bearing liabilities (note x)\n\nProvisions (note x)\n\nPayables (note x)\n\nTax liabilities (note x)\n\nTotal Current Liabilities\n\n \n\nNon-Current Liabilities\n\nInterest bearing liabilities (note x)\n\nProvisions (note x)\n\nPayables (note x)\n\nTax liabilities (note x)\n\nTotal Non‑Current Liabilities\n\nTotal Liabilities\n\nEQUITY*\n\nParent Entity Interest\n\nStatutory funds\n\nRetained profits or (accumulated losses)\n\nTotal Parent Equity Interest\n\nOutside Equity Interest\n\nRetained profits or (accumulated losses)\n\nTotal outside equity interest\n\n \n\nTotal Equity\n\n*Note: ‘Equity’ is the residual interest in assets after deduction of liabilities\n\nStatement of Cash Flows for Commercial Reporting Entities\n\nOperating Activities  2005 2004\n\nNet Cash From or (Used by) Operating Activities\n\nProceeds from sales of property, plant and equipment\n\nProceeds from sales of financial instruments\n\nRepayments of loans made\n\nPurchase of property, plant and equipment\n\nPurchase of financial instruments\n\nLoans made\n\nNet Cash From or (Used by) Investing Activities\n\nProceeds from issuing financial instruments\n\nProceeds from loans\n\nRepayments of debt\n\nNet Cash From or (Used by) Financing Activities\n\n \n\nNet Increase or (Decrease) in Cash Held\n\nCash at the beginning of the reporting period\n\nEffect of exchange rate movements on cash at the beginning of the reporting period\n\n \n\nCash at the End of the Reporting Period\n\nSCHEDULE OF COMMITMENTS for Commercial Reporting Entities\n\nAs at________________________\n\n \n\n \n\n \n\n \n\n \n\nSchedule of Contingencies for Commercial Reporting Entities\n\n \n\n- Contingent Liabilities Guarantees Indemnities Uncalled shares or capital subscriptions Claims for damages or costs Warranties Letters of Comfort TOTAL\n- Contingent Assets\n\n \n\nDetails of each class of contingent liabilities and contingent assets, including those not included above because they cannot be quantified, or are considered remote, are shown at Note [specify number]\n\nRevenues\n\nCorporation Law fees\n\nLicense fees\n\nBills receivable\n\nRevenue from Sale of Assets\n\nNote: the amounts above are the gross proceeds from sale.  The carrying amount of assets sold are recorded separately under Expenses below.\n\nReversal of Previous Asset Write-Downs\n\nAssets revaluation increments\n\nRevaluation of recoverable amount write-downs\n\nNet Foreign Exchange Gains\n\nRents\n\nRoyalties\n\nOther Revenues\n\nResources received free of charge (other than Government)\n\nExpenses\n\nWages and salaries\n\nWorkers compensation premiums and claims\n\nNote: Separation and redundancy payments must exclude any benefits that would have been accrued and payable if redundancy had not occurred (e.g. accrued leave entitlements and lump sum superannuation payments).\n\nNote: Where supplier’s expenses relate to the provision of employee benefits included in a remuneration package, they should be included in employee expenses.\n\nLocal governments\n\nIndividuals\n\nDepreciation and amortisation\n\nTotal Depreciation\n\n \n\nWrite-Down and Impairment of Assets\n\nNon-Financial (refer to Table A in Policy 3E of this Schedule)\n\nOther Expenses\n\nBorrowing Costs Expense\n\nAssets\n\nCash\n\nTrust Accounts\n\nInterest and dividends\n\nPatents, trade marks, brand names, licences\n\nPurchased (include any modification cost)\n\nInternally developed\n\nResearch and development expenditure capitalised\n\nGoodwill\n\nInvestments Accounted for under the Equity Method\n\nInvestments in associates\n\nInvestments in joint ventures\n\nInvestment Property\n\nOther Investments\n\nGold\n\nInvestments (section 18 of CAC Act)\n\nOther Current Assets\n\nLand\n\nInfrastructure, Plant and Equipment\n\nOther Non-Current Assets\n\n \n\nLiabilities\n\nDebentures and unsecured notes\n\nBonds\n\n \n\n \n\nMaturity schedule must be included for total loans showing amounts payable within:\n\n \n\nLeave\n\nWorkers’ compensation\n\nTax Liabilities\n\nCurrent income tax\n\nDeferred income tax\n\n \n\n \n\n# Section 2: Non-Commercial Reporting Entities\n\n \n\n \n\nstatement of financial performance for Non-Commercial Reporting Entities\n\nREVENUE 2005 2004\n\n \n\nRevenue from Government (note x)\n\nRevenue from sale of assets (note x)\n\nReversals of previous asset write-downs (note x)\n\nRevenues From Ordinary Activities\n\nEXPENSE\n\n \n\nSubsidies\n\n \n\nBorrowing costs expense (note x)\n\nShare of net profits or (losses) of associates and joint ventures accounted for using the equity method\n\n \n\nOperating Surplus or (Deficit) from Ordinary Activities\n\n \n\nGain or (loss) on extraordinary items (note x)\n\n \n\nNet Surplus or (Deficit)\n\nOutside equity interests in net surplus or (deficit)\n\n \n\nNet Surplus or (Deficit) Attributable to the Australian Government\n\n \n\nNet credit or (debit) to asset revaluation reserve\n\nNet exchange difference recognised as a direct debit or (credit) to equity\n\nAdjustments arising from Standards recognised as direct debit or (credit) to equity\n\nInitial adjustments from transitional UIG Consensus View recognised as a direct debit or (credit) to equity\n\nTotal Revenues, Expenses and Valuation Adjustments Attributable to Members of the Parent Entity and Recognised Directly in Equity[[3]](#_ftn3)\n\nTotal Changes in Equity other than those resulting from transactions with Owners As Owners\n\nstatement of financial position for Non-Commercial Reporting Entities\n\nas at ____________\n\nASSETS\n\nCash (note x)[Note this can include Investments including (section 39 FMA Act; section 18 CAC Act; section 19 CAC Act)]\n\nNon-Financial Assets\n\nHeritage and cultural assets (note)\n\nOther non-financial assets (note x)\n\nTotal Assets\n\nLIABILITIES\n\nLoans (note x)\n\nLeases (note x)\n\nOverdraft\n\nOther interest bearing liabilities (note x)\n\nTotal Interest Bearing Liabilities\n\nOther provisions (note x)\n\nBorrowing Costs\n\nOther payables (note x)\n\n \n\nTotal Liabilities\n\nEQUITY*\n\nParent Entity Interest\n\nStatutory funds\n\nRetained surpluses or accumulated deficits\n\nTotal Parent Entity Interest\n\nOutside Equity Interest\n\nRetained surpluses or accumulated deficits\n\nTotal Outside Equity Interest\n\nTotal Equity\n\n \n\nCurrent Assets\n\nNon-Current Assets\n\nCurrent Liabilities\n\nNon-Current Liabilities\n\n \n\n \n\n*Note: ‘equity’ is the residual interest in assets after deduction of liabilities.\n\nStatement of Cash Flows for Non-Commercial Reporting Entities\n\nOperating Activities 2005 2004\n\nNet Cash From or (Used by) Operating Activities\n\nProceeds from sales of property, plant and equipment\n\nProceeds from sales of financial instruments\n\nRepayments of loans made\n\nPurchase of property, plant and equipment\n\nPurchase of financial instruments\n\nLoans made\n\nNet Cash From or (Used By) Investing Activities\n\nAppropriations - Contributed equity\n\nProceeds from issuing financial instruments\n\nProceeds from loans\n\nRepayments of debt\n\nCapital use charge paid\n\nNet Cash From or (Used by) Financing Activities\n\n \n\nNet Increase or (Decrease) in Cash Held\n\nCash at the beginning of the reporting period\n\nEffect of exchange rate movements on cash at the beginning of the reporting period\n\n \n\nCash at the End of the Reporting Period  SCHEDULE OF COMMITMENTS for Non-Commercial Reporting Entities\n\nAs at________________________\n\n \n\n \n\n \n\nSchedule of Contingencies for Non-Commercial Reporting Entities\n\n \n\n- Contingent Liabilities Guarantees Indemnities Uncalled shares or capital subscriptions Claims for damages or costs Warranties Letters of Comfort TOTAL\n- Contingent Assets\n\n \n\nDetails of each class of contingent liabilities and contingent assets, including those not included above because they cannot be quantified, or are considered remote, are shown at Note [specify number]\n\n \n\nRevenues\n\n \n\nRevenue from Government\n\nAppropriations:\n\nDepartmental Outputs\n\nDepartmental Special Appropriations\n\n \n\nLicense fees\n\nResources received free of charge\n\nBills Receivable\n\nInvestments (section 39 FMA Act)\n\nRevenue from Sale of Assets\n\nNote: the amounts in these classes are the gross proceeds from sale. The carrying amounts of asset sold are recorded separately under Expenses below.\n\nReversal of Previous Asset Write-Downs\n\nAssets revaluation increments\n\nRevaluation of recoverable amount write-downs\n\nNet Foreign Exchange Gains\n\nRents\n\n(provide details)\n\nRoyalties\n\n(provide details)\n\nResources received free of charge (other than Government)\n\n \n\nExpenses 2005 2004\n\nWages and Salaries\n\nWorkers compensation premiums and claims\n\nOther Employee expenses\n\nNote: Separation and redundancy payments must exclude any benefits that would have been accrued and payable if redundancy had not occurred (e.g. accrued leave entitlements and lump sum superannuation payments).\n\nNote: Where supplier’s expenses relate to the provision of employee benefits included in a remuneration package, they should be included in employee expenses.\n\nDepreciation and Amortisation\n\nTotal depreciation\n\n \n\nWrite-Down and Impairment of Assets\n\nNon-Financial (refer to Table A in Policy 3E of this Schedule)\n\nBorrowing Costs Expense\n\nAssets 2005 2004\n\nCash\n\nTrust Accounts\n\nInvestments Accounted for under the Equity Method\n\nInvestments in associates\n\nInvestments in joint ventures\n\nOther Investments\n\nGold\n\nInvestments under section 39 FMA Act\n\nOther Financial Assets\n\nLand\n\nInfrastructure Plant and Equipment\n\n \n\nPatents, trademarks, brand names and licences\n\nPurchased (include any modification cost)\n\nInternally developed\n\nResearch and development expenditure capitalised\n\nGoodwill\n\nOther Non-Financial Assets\n\n \n\nLiabilities\n\nMaturity schedule must be included for total loans showing amounts payable within:\n\nMaturity schedule must be included for total leases showing amounts payable within:\n\nOther interest bearing liabilities\n\nLeave\n\nWorkers’ compensation\n\nOther provisions\n\nPublic Sector\n\nPrivate sector non-profit entities\n\nPrivate sector commercial entities\n\nOther payables\n\nInterest payable\n\n \n\nTable 2C A: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund for Ordinary Annual Services Appropriations1\n\n- Particulars Administered Expenses Departmental Outputs Total\n- Outcome 1 Outcome …'n'\n- Reductions of appropriations (prior years) 2\n- Appropriation Act (No.1) 2004-20053\n- Appropriation Act (No.3) 2004-20054\n- Departmental adjustments by the Finance Minister (Appropriation Acts) 5\n- Comcover receipts (Appropriation Act s13)\n- Advance to the Finance Minister 6\n- Refunds credited (net) (FMA s 30)\n- Appropriation reduced by section 9 determinations (current year) 7\n- Appropriations to take account of recoverable GST (FMA s 30A) 8 [C]\n- Annotations to ‘net appropriations’ (FMA s 31) [D]\n- Total appropriation available for payments [A+B+C+D]\n- Cash payments made during the year (GST inclusive) [E]\n- Appropriations credited to Special Accounts (excluding GST) [F]\n- Balance of Authority to Draw Cash from the Consolidated Revenue Fund for Ordinary Annual Services Appropriations13 [A+B+C+D+E+F]\n- Departmental appropriations receivable*1, 9\n- Departmental appropriations receivable – drawing rights withheld by the Finance Minister (FMA s27(4))*1, 9\n- Formal reductions of appropriation*1, 10\n- Departmental appropriation receivable (appropriation for additional outputs)*1, 11\n\n- Particulars Administered Expenses Outcome 1 Outcome …'n' Departmental Outputs Total\n- 2003–04 (Comparative period) 12\n- Appropriation Act (No.1) 2003-2004\n- Appropriation Act (No.3) 2003-2004\n- Departmental adjustments by the Finance Minister (Appropriation Acts)\n- Appropriations to take account of recoverable GST (FMA s30A)8\n- Appropriation lapsed 7\n- Payments made during the year (GST inclusive)\n\n \n\nTable 2C B:  Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund for other than Ordinary Annual Services Appropriations1\n\n \n\n- SPPs2 NAE3 SPPs2 NAE3 Equity Loans Previous Years’ Outputs Admin assets and liabilities\n- Reduction of appropriations (prior years) 4\n- Appropriation Act (No.2) 2004-20055\n- Appropriation Act (No.4) 2004-20056\n- Departmental Adjustments and Borrowings7\n- Advance to the Finance Minister 8\n- Refunds credited (net) (FMA s30)\n- Appropriation reduced by a section 11 determination (current year) 11\n- Appropriations to take account of recoverable GST (FMA s30A) 9 [C]\n- Total appropriations available for payments [A+B+C]\n- Cash payments made during the year (GST inclusive) [D]\n- Appropriations credited to Special Accounts (GST exclusive) [E]\n- Balance of Authority to Draw Cash from the Consolidated Revenue Fund for Other Than Ordinary Annual Services Appropriations15 [A+B+C+D+E]\n- Departmental appropriation receivable*1, 11\n- Departmental appropriation receivable – Drawing rights withheld by the Finance Minister (FMA s27(4)) *1, 11\n- Formal reductions of appropriation revenue*12\n- Departmental appropriation receivable (appropriation for additional outputs)* 13\n\n- 2003–04 (Comparative period) 14\n- Appropriation Act (No.2) 2003-2004\n- Appropriation Act (No.4) 2003-2004\n- Adjustments by the Finance Minister\n- Appropriations to take account of recoverable GST (FMA s30A)\n- Appropriation lapsed10\n\nTable 2C C: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund - Special Appropriations (Unlimited Amount) 1, 2, 3\n\n \n\n| Particulars of legislation providing appropriation (including purpose) | 2005 | 2004 |\n| Refunds credited (net) (FMA s 30) |  |  |\n| Total charged to appropriation |  |  |\n\n \n\nTable 2C D: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund - Refund Provisions1, 2\n\n| <br>Refunds: Special Appropriations3 | 2005 | 2004 |\n| Refunds credited (net) (FMA s30) |  |  |\n| Total charged to special appropriation |  |  |\n| Budget estimate5 (list each other legislative provision that refunds have been made under) |  |  |\n| Budget estimate5 (FMA s28) |  |  |\n\n \n\nTable 2C E: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund - Section 39 of the FMA Act1\n\n| Investment of Public Money:<br>Special Appropriations under section 39 of the FMA Act2 | 2005 | 2004 |\n| Amount invested carried from previous period |  |  |\n| Prior year investments redeemed in current year3 |  |  |\n| Investments made during the year3, 4 |  |  |\n| Redemptions of current year investments4 |  |  |\n| Amount invested carried to the next period (sum of the above) |  |  |\n\n \n\nTable 2C F: Acquittal of Authority to Draw Cash from the Consolidated Revenue Fund - Special Appropriation (Limited Amount)1, 2, 3\n\n- Particulars of legislation providing appropriation (including purpose) 2005 2004\n- Appropriation by type Appropriation by type\n- Amount available carried from previous period\n- Appropriation for reporting period\n- Appropriations to take account of recoverable GST (FMA s30A) 4\n- Available for payments\n- Appropriations lapsed7\n- Amount available carried to the next period\n- Cash\n- Departmental appropriation receivable* 5,6,\n- Departmental appropriation receivable – drawing rights withheld by the Finance Minister (FMA s27(4))*5,6\n\n \n\n \n\nTable 2D A: Net Cost of Outcome Delivery1\n\n \n\n- Outcome 1 Outcome …n Total\n- Total expenses\n- Costs recovered\n- Total costs recovered\n- Other external revenues\n- Total other external revenues\n- Net cost/(contribution) of outcome\n\n \n\n \n\nTable 2D B: Major Departmental Revenues and Expenses by Output Groups and Outputs\n\n- Outcome 1 Output Group 1.1n Outcome\n- Output 1…n Group Total Total\n- Departmental expenses\n- Total departmental expenses\n- Funded by:\n- Show each relevant major class of revenues\n- Total departmental revenues\n\n \n\nTable 2D C: Major Classes of Administered Revenues and Expenses by Outcome1\n\n- Outcome 1 Outcome…’n’ Total\n- Revenues\n\n \n\nTable 2E A: Special Accounts\n\n| Full official title (eg account name) | 2005 | 2004 |\n| Balance carried from previous period |  |  |\n| Appropriation for reporting period |  |  |\n| Costs recovered |  |  |\n| GST credits (FMA s30A) |  |  |\n| Realised investments |  |  |\n| Other receipts (Show each major class) |  |  |\n| Available for payments |  |  |\n| Payments made (Show each major class) |  |  |\n| Repayments debited from the Special Account (s 28) |  |  |\n| Investments debited from the Special Account (FMA s39) |  |  |\n| Balance carried to the next period |  |  |\n| Represented by: |  |  |\n| Cash – transferred to the Official Public Account |  |  |\n| Cash – held by the entity |  |  |\n| Total balance carried to the next period |  |  |\n\n \n\nTable 2E B: Special Accounts Investment of Public Money\n\n| Full official title of Special Account: Investment of Public Money under section 39 of the FMA Act and sections 18 and 19 of the CAC Act | 2005 | 2004 |\n| Opening balance |  |  |\n| Investments made |  |  |\n| Interest earned |  |  |\n| Transaction charges |  |  |\n| Investments realised |  |  |\n| Closing Balance |  |  |\n\n \n\n \n\nTable 3E A: Reconciliation of the Opening and Closing Balances of Property, Plant and Equipment and Intangibles.\n\n \n\n- Item Land ($’000) Investment property ($’000) Buildings ($’000) Specialist military equipment ($’000) Other infra-structure, plant and equipment ($’000) Heritage and cultural assets ($’000) Computer software ($’000) Other intangibles ($’000)\n- As at 1 July (previous year)\n- Gross book value\n- Opening Net book value\n- Additions:\n- by purchase\n- by finance lease\n- from acquisitions of entities or operations (including restructuring)\n- Net revaluation increment/decrement\n- Reclassifications\n- Depreciation/amortisation expense\n- Recoverable amount write-downs\n- Other movements (give details below)\n- Disposals:\n- from disposal of entities or operations (including restructuring)\n- other disposals\n- As at 30 June (current year)\n- Gross Book Value\n- Closing Net Book Value\n\n## Table 3E B: Property, Plant and Equipment and Intangibles at Valuation.\n\n| Item<br> | Land<br> <br> <br> <br>($’000) | Investment property<br> <br> <br>($’000) | Buildings<br> <br> <br> <br>($’000) | Specialist military equipment<br> <br>($’000) | Other infra-structure, plant and equipment<br>($’000) | Heritage and cultural assets<br> <br>($’000) | Computer software<br> <br> <br>($’000) | Other intangibles<br> <br> <br>($’000) |\n\n \n\nTable 3E C: Property, Plant and Equipment and Intangibles Held under Finance Lease.\n\n| Item<br> | Land<br> <br> <br> <br>($’000) | Investment property<br> <br> <br>($’000) | Buildings<br> <br> <br> <br>($’000) | Specialist military equipment<br> <br>($’000) | Other infra-structure, plant and equipment<br>($’000) | Heritage and cultural assets<br> <br>($’000) | Computer software<br> <br> <br> ($’000) | Other intangibles<br> <br> <br>($’000) |\n\n \n\nTable 3E D: Property, Plant and Equipment and Intangibles under Construction.\n\n| Item<br> | Buildings<br>($’000) | Specialist military equipment<br>($’000) | Other infra-structure, plant and equipment<br>($’000) | Computer software<br>($’000) | Other intangibles<br>($’000)<br> <br> |\n| --- | --- | --- | --- | --- | --- |\n| Gross value at 30 June (current year) |  |  |  |  |  |\n| Gross value at 30 June (previous year) |  |  |  |  |  |\n\n \n\nTable 3H: Net Gains and Losses from Disposal of Assets\n\n| Proceeds from sale | XXX |\n| --- | --- |\n| Less written down value of assets sold, excluding capitalised selling costs | XXX |\n| Less capitalised selling costs | XXX |\n| Net gain (loss) on sale | XXX |\n\n \n\nTable 5B: Analysis of Equity (Departmental)\n\n|  | A | B | C | D | E =<br>B + C + D | F | G =<br>A +E+ F |\n| --- | --- | --- | --- | --- | --- | --- | --- |\n| Item<br> | Accumulated results<br> <br>($’000) | Asset revaluation reserve<br>($’000) | Foreign currency translation reserve<br>($’000) | Other reserves<br> <br>($’000) | Total reserves<br> <br>($’000) | Contributed equity/capital<br>($’000) | Total<br>Equity<br>($’000) |\n| Opening balance as at 1 July |  |  |  |  |  |  |  |\n| Net surplus/deficit |  |  |  |  |  |  |  |\n| Net revaluation increment/(decrement) |  |  |  |  |  |  |  |\n| Changes in accounting policies |  |  |  |  |  |  |  |\n| Currency translation gain/(loss) |  |  |  |  |  |  |  |\n| Transactions with owners: |  |  |  |  |  |  |  |\n| Distributions to owner: |  |  |  |  |  |  |  |\n| Returns on Capital |  |  |  |  |  |  |  |\n| Dividends |  |  |  |  |  |  |  |\n| Returns of Capital |  |  |  |  |  |  |  |\n| Other (give details) |  |  |  |  |  |  |  |\n| Contributions by owners: |  |  |  |  |  |  |  |\n| Appropriations<br> (equity injections) |  |  |  |  |  |  |  |\n| Other (give details below) |  |  |  |  |  |  |  |\n| Transfers to / (from) reserves |  |  |  |  |  |  |  |\n| Closing balance as at 30 June |  |  |  |  |  |  |  |\n| Less: Outside Equity Interests |  |  |  |  |  |  |  |\n| Total equity attributable to the Australian Government |  |  |  |  |  |  |  |\n\n \n\n \n\n# Section 3: Administered Reporting\n\n \n\n \n\n \n\nRevenues Administered on Behalf of Government\n\nfor the period ended ___________________\n\n \n\nTaxation\n\nIncome tax (note x)\n\nIndirect tax (note x)\n\nOther taxes, fees and fines (note x)\n\nTotal Taxation\n\n \n\nNon-Taxation (Revenues from Government)\n\nRevenues from sale of assets (note x)\n\nOther sources of non-taxation revenues (note x)\n\nTotal Non-Taxation\n\nTotal Revenues Administered on Behalf of Government\n\n \n\nExpenses Administered on Behalf of Government\n\nfor the period ended _______________________\n\n \n\nSubsidies (note x)\n\nPersonal benefits (note x)\n\nExtraordinary items (note x)\n\n \n\nTotal Expenses Administered on Behalf of Government\n\n \n\nAssets Administered on Behalf of Government\n\nas at ___________________\n\nCash (note x)[Note this can include Investments including (section 39 FMA Act; section 18 CAC Act; section 19               CAC Act)]\n\nInvestments (note x)\n\n \n\n \n\nNon-Financial Assets\n\nHeritage and cultural assets (note x)\n\nOther non-financial assets (note x)\n\n \n\nTotal Assets Administered on Behalf of the Government\n\n \n\nLiabilities Administered on Behalf of Government\n\nas at ___________________\n\n \n\nAustralian Government Securities (note x)\n\nLoans (note x)\n\nLeases (note x)\n\nDeposits (note x)\n\nTotal interest bearing liabilities\n\nTaxation refunds provided\n\nAustralian currency on issue\n\nOther Provisions (note x)\n\nGrants and subsidies (note x)\n\nPersonal benefits payable\n\nTaxation refunds due\n\nOther payables (note x)\n\n \n\nTotal Liabilities Administered on Behalf of the Government\n\n \n\nAdministered Cash Flows\n\nfor the period ended _________\n\nOperating Activities\n\nIndirect tax\n\nOther taxes, fees and fines\n\nSales of goods\n\nRendering of services\n\n \n\nGrant payments\n\nInterest paid\n\nSubsidies paid\n\nPersonal benefits\n\nNet Cash from Operating Activities\n\nProceeds from sales of property, plant and equipment and intangibles\n\nProceeds from sales of equity instruments\n\nProceeds from sales of investments\n\nRepayments of advances\n\nCash from Official Public Account\n\nTransfers from other entities\n\n \n\nPurchase of property, plant and equipment and intangibles\n\nPurchase of equity instruments\n\nAdvances and loans made\n\nCash to Official Public Account\n\nTransfers to Other Entities\n\nNet Cash from Investing Activities\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nAdministered Cash Flows continued 2005 2004\n\nProceeds from borrowing\n\nCash from Official Public Account\n\n \n\nNet repayment of borrowings\n\nCash to Official Public Account\n\nNet Cash from Financing Activities\n\nNet Increase or (Decrease) in cash held\n\nCash at beginning of reporting period\n\nCash from Official Public Account for:\n\n- Appropriations\n\n- Special Accounts\n\n \n\nTransfer from other entities (Finance – Whole Of Government)\n\n \n\nCash to Official Public Account for:\n\n- Appropriations\n\n- Special Accounts\n\n \n\nTransfers to Other Entities (Finance – Whole Of Government)\n\n \n\nEffect of exchange rate movements on cash at beginning of reporting period\n\nCash at End of Reporting Period\n\n \n\n \n\nAdministered Commitments\n\nas at _____________\n\n \n\n \n\nAdministered Contingencies\n\n \n\n- Administered Contingent Liabilities Guarantees Indemnities Uncalled shares or capital subscriptions Claims for damages or costs Warranties Letters of Comfort TOTAL\n- Administered Contingent Assets\n\n \n\nDetails of each class of contingent liabilities and contingent assets, including those not included above because they cannot be quantified, or are considered remote, are shown at Note (specify number)\n\n \n\nRevenues Administered on Behalf of Government[[4]](#_ftn4)\n\n \n\nTaxation Revenue\n\nIncome Tax\n\nIndividuals and other withholding tax:\n\nGross income tax withholding\n\nGross other individuals\n\nMedicare levy\n\nLess Refunds\n\nTotal individuals and other withholding tax\n\n \n\nExternal companies (including tax on realised capital gains)\n\nSuperannuation funds\n\nContributions and earnings (including tax on realised capital gains)\n\nSurcharge\n\nTotal superannuation funds\n\nPetroleum resource rent tax\n\nTotal Income Tax Revenue\n\nIndirect Tax\n\nGST\n\nExcise duty (includes petroleum products and crude oil)\n\nOther excise\n\nTotal excise duty revenue\n\nCustoms duty\n\nTotal Indirect Tax Revenue\n\nOther Taxes, Fees and Fines\n\nFringe benefits tax\n\nLuxury car tax\n\nWine equalisation tax\n\nAgricultural production taxes\n\nOther taxes\n\nTotal Other Taxes, Fees and Fines Revenue\n\nTotal Taxation Revenue\n\nNon –taxation revenue\n\nCorporations Law fees\n\nLicence fees\n\nTotal Goods and Services\n\n \n\n \n\n \n\nLocal government\n\nAustralian Government Entities\n\nOther loans\n\nBills receivable\n\nOther Interest\n\nTotal Interest\n\nAustralian Government Entities\n\nTotal Dividends\n\nRevenue from sales of assets\n\nAsset sales program (Finance)\n\nTotal Revenue From Sales Of Assets\n\nNet foreign exchange gains\n\nTotal Net Foreign Exchange Gains\n\nOther revenue\n\nIndustry contributions\n\nIndexation of HECS loans\n\nAssets now recognised\n\nTotal Other Revenue\n\n \n\nExpenses Administered on Behalf of Government[[5]](#_ftn5)\n\nLocal governments\n\nTotal Grants\n\nSubsidies\n\nPayable to related entities\n\nTotal Subsidies\n\n \n\n \n\nPersonal Benefits\n\nDirect\n\nIndirect\n\nTotal Personal Benefits\n\nWages and salaries\n\nWorkers compensation\n\nOther employee expenses\n\nTotal Employees\n\nTotal suppliers\n\nNote: Where supplier’s expenses relate to the provision of employee benefits included in a remuneration package, they should be included in employee expenses.\n\nDepreciation and Amortisation\n\nTotal Depreciation\n\n \n\nWrite Down and Impairment of Assets\n\nNon-Financial (refer to Table A in FMO Policy 3E)\n\nTotal write down and impairment of assets\n\nAsset sales program (Finance)\n\nTotal Value of Assets Sold\n\nTotal Net Foreign Exchange Losses\n\n \n\n \n\n \n\nAustralian Government Securities\n\nLoans Leases\n\nOther Interest Payments\n\nTaxation Overpayments\n\nTotal Interest\n\nOther Expenses\n\nTotal Other Expenses\n\nTotal Extraordinary Items\n\n \n\nAssets Administered on Behalf of Government[[6]](#_ftn6)\n\n \n\nCash\n\nOfficial Public Account (Finance)\n\nTotal Cash\n\nSales tax\n\nExcise duty\n\nCustoms duty\n\nGoods and services tax\n\nOther taxes, fees and fines\n\nRecoveries of benefit payments\n\nAdvances\n\nState and Territory\n\nHECS\n\nInterest and Dividends\n\nOther receivables\n\nTotal Receivables\n\nGold holdings\n\nInternational money fund quota\n\nAustralian Government companies\n\nAssociated companies (equity method)\n\nOther investments including section 39 FMA Act; section 18 CAC Act; section 19 CAC Act\n\n \n\nTotal Investments\n\n \n\nNon –Financial Assets\n\nLand\n\nTotal Land and Buildings\n\nInfrastructure, Plant and Equipment\n\nOther Infrastructure, plant and equipment\n\nTotal Infrastructure, Plant and equipment\n\nHeritage assets\n\nCultural assets\n\nTotal heritage and Cultural assets\n\nTotal Inventories\n\nOther intangibles\n\nTotal Intangibles\n\nOther Non-Financial Assets\n\nDeferred expenditure\n\nFuture income tax benefit\n\nOther non-financial assets\n\nTotal Other Non-Financial Assets\n\n \n\nLiabilities Administered on Behalf of Government[[7]](#_ftn7) \n\n \n\nAustralian Government Securities\n\nTreasury bonds\n\nTreasury notes\n\nTreasury indexed bonds\n\nUnamortised net premiums on borrowings\n\nOther Australian Government Securities\n\nTotal Australian Government Securities\n\nDebentures and notes\n\nOther loans\n\nTotal Loans\n\n(Maturity schedule must be included for total loans showing amounts payable within:\n\nOne year or less;\n\nFrom one to five years; and\n\nMore than five years.)\n\nFinance lease liabilities as at the reporting date are reconciled to the lease liability as follows:\n\nMinimum lease payments\n\nLess future finance charges\n\nTotal Finance Lease Liabilities\n\n \n\nExchange settlements Funds\n\nDrawing accounts held with the Reserve Bank of Australia\n\nState governments\n\nMonies held in trust\n\nForeign governments\n\nOther deposits\n\nTotal Deposits\n\nOther Interest Bearing Liabilities\n\nSwap principle payable\n\nAmounts outstanding under repurchase agreements\n\nFinance lease incentives\n\nSpecial reserve- International Monetary Fund special drawing rights\n\nInscribed stock – face value\n\nOther interest bearing liabilities\n\nTotal Other Interest Bearing Liabilities\n\n \n\nTotal Interest Bearing Liabilities\n\n \n\nTotal Employees\n\nOther Provisions\n\nAccrued expenses\n\nProvision for interest on overpayment of taxes\n\nCustoms rebates\n\nRestructuring\n\nTotal Other Provisions\n\n \n\n \n\nOther creditors\n\nTotal Suppliers\n\nGrants and Subsidies\n\nPublic sector –\n\nPrivate sector –\n\nNon-profit entities\n\nCommercial entities\n\nTotal Grants and Subsidies\n\n \n\nOther Payables\n\nInterest payable\n\nOther payables\n\nTotal Other Payables\n\n \n\n \n\nTable 3H Net Gains and Losses from Disposal of Assets\n\n \n\n| Proceeds from sale | XXX |\n| --- | --- |\n| Less written down value of assets sold, excluding capitalised selling costs | XXX |\n| Less capitalised selling costs | XXX |\n| Net gain (loss) on sale | XXX |\n\n \n\nTable 6A              Administered Reconciliation Table\n\n \n\n|  | Note | 2005 | 2004 |\n| --- | --- | --- | --- |\n| Opening administered assets less administered liabilities at 1 July |  |  |  |\n| Plus Administered revenues |  |  |  |\n| Less Administered expenses |  |  |  |\n| Administered transfers to/from Australian Government:<br>Appropriation Transfers from OPA:<br>Annual Appropriations Administered expenses<br>Administered assets and liabilities Appropriations<br>Special Appropriations (limited)<br>Special Appropriations (unlimited)<br> <br>Transfers to OPA<br>Restructuring<br>Transfers to other Entities (Finance – Whole of Government)<br>Transfers from other Entities (Finance – Whole of Government) |  |  |  |\n| Administered revaluations taken to/from reserves |  |  |  |\n| Currency translation gain/loss |  |  |  |\n| Changes in accounting policies |  |  |  |\n| Closing administered assets less administered liabilities |  |  |  |\n\n \n\n---\n\n[[1]](#_ftnref1) Australian Accounting Standard AAS 29 ‘Financial Reporting by Government Departments’ paragraphs 6.3.11 and 6.3.12 and Statement of Accounting Concepts SAC 4 paragraphs 24 to 28.\n\n[[2]](#_ftnref2) Note: this sub-total is not required if there is only one relevant preceding row.\n\n[[3]](#_ftnref3) Note: this total is not required if there is only one relevant preceding row.\n\n[[4]](#_ftnref4) Where there are material sub-categories within a particular line item, details, including amounts, of each sub-category should be disclosed.\n\n[[5]](#_ftnref5) Where there are material sub-categories within a particular line item, details, including amounts, of each sub-category should be disclosed.\n\n[[6]](#_ftnref6) Where there are material sub-categories within a particular line item, details, including amounts, of each sub-category should be disclosed.\n\n[[7]](#_ftnref7) Where there are material sub-categories within a particular line item, details, including amounts, of each sub-category should be disclosed.\n","sortOrder":4}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-realtime","completionTokens":2263},"content_quality":"ok","complexity_score":9,"scope_assessment":{"changed":false,"description":"The Orders maintain their original scope of prescribing financial statement preparation requirements for government entities. While highly detailed and technical, they do not appear to have expanded beyond the original intent of standardizing public sector financial reporting to enable whole-of-government consolidation."},"complexity_factors":["Extensive cross-referencing to Australian Accounting Standards (AASB, AAS, SACs), the Financial Management and Accountability Act 1997, and multiple Appropriation Acts","Six separate tabular formats required for different types of appropriations (Ordinary Annual Services, Other than Ordinary Annual Services, Unlimited Special, Limited Special, Refunds, and Section 39 Investments)","Complex bifurcation between 'departmental' and 'administered' items with different recognition, disclosure, and classification rules","Detailed asset classification requiring specific reconciliation tables for property, plant, equipment and intangibles, including separate treatment for finance leases and assets under construction","Conditional simplified reporting provisions with multiple exceptions (Clauses 1F.1–1F.12)","Separate financial statement formats and note disclosure requirements for commercial versus non-commercial entities","Specific technical rules for GST treatment, netting appropriations, special accounts, equity injections, returns of capital, and impairment of non-current assets"],"plain_english_summary":"These Orders set mandatory accounting rules for how Australian Government agencies, Commonwealth authorities and their subsidiaries prepare annual financial statements for reporting periods ending on or after 30 June 2005. They standardise presentation, valuation and disclosure practices and require responsible officers’ certification.\n\nConsistent rules enable reliable, comparable agency accounts and let the Finance Minister consolidate accurate whole-of-government financial statements."},"flash_summary":{"complexity_score":8,"scope_assessment":{"changed":false,"description":"These Orders implement and align a uniform set of financial reporting requirements for Agencies and Commonwealth authorities (Clause 1B.1) and mirror the equivalent Commonwealth Authorities and Companies requirements (Schedule note). They formalise presentation, recognition and disclosure mechanics (appropriations, special accounts, assets, impairment, administered items) but do not broaden the classes of entities required to report. The Schedule also introduces/clarifies materiality rules (Policy 1G) and preserves Ministerial discretion for exemptions and approvals (Clauses 1D.1, 2B.6)."},"complexity_factors":["Volume and detail: long, prescriptive schedule with many tables and form templates (Appendix A; Tables A–F)","Cross-references to multiple external accounting standards and bodies (Clause 1B.2(c); 1B.2(f))","Judgement-heavy classifications and thresholds (departmental vs administered classification — Clause 2B.4; materiality rules and ‘Other’ cap — Clause 1G.4)","Technical valuation and impairment rules requiring expert assessments and periodic formal valuations (Clauses 3C.1, 3C.3, 3D.4–3D.11)","Detailed appropriation and special account disclosure mechanics with mixed cash/accrual treatment (Policy 2A, 2C, 2E and accompanying tables)","Ministerial discretion and approval points that affect accounting treatment and early adoption (exemptions — Clause 1D.1; approvals — Clause 1B.6; reclassification approvals — Clause 2B.6)","Dual reporting streams (entity and administered) with separate schedules and reconciliation requirements (Policies 1B.1, 6A.1–6A.3)","Mandatory disclosures regardless of materiality in some areas, increasing compliance burden (e.g. special appropriations, compensation — Policies 2C.2, 7A.1)","Interdependence with whole‑of‑government consolidation processes and potential need for Department of Finance pre‑approval (Clause 1B.6 and Schedule note)"],"plain_english_summary":"These Orders set mandatory, uniform rules for how Australian Government agencies and Commonwealth authorities prepare and present annual financial statements for reporting periods on or after 30 June 2005 (see Clause 3 and 1B.1). They prescribe the statements, tables, notes and disclosure formats to be used, require auditor attachment and CEO/board certification, and impose specific recognition rules for appropriations, assets, impairments and special accounts. Entities bear the cost and compliance burden of applying these prescriptions; the Finance Minister and Department retain approval and exemption powers (Clauses 1C.2, 1D.1)."}},"importantCases":[],"_links":{"self":"/api/acts/financial-management-and-accountability-orders-financial-statements-for-reporting-periods-ending-on-","history":"/api/acts/financial-management-and-accountability-orders-financial-statements-for-reporting-periods-ending-on-/history","analysis":"/api/acts/financial-management-and-accountability-orders-financial-statements-for-reporting-periods-ending-on-/analysis","conflicts":"/api/acts/financial-management-and-accountability-orders-financial-statements-for-reporting-periods-ending-on-/conflicts","importantCases":"/api/acts/financial-management-and-accountability-orders-financial-statements-for-reporting-periods-ending-on-/important-cases","documents":"/api/acts/financial-management-and-accountability-orders-financial-statements-for-reporting-periods-ending-on-/documents"}}