Annual Report 2003-2004
 

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1. Overviews2. Performance3. Corporate4. Financials5. Appendixes6. Glossaries and Compliance Index

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Administered items for Outcome 1

Contributions to international organisations

Quality indicator

Quantity indicator

The department made payments totalling $120 860 187. The payments consisted of $75 312 200 to 21 international organisations, including the United Nations, and $45 547 987 to 11 UN peacekeeping operations.

Quantity information

In 2003–04, the department paid Australia's contributions to 21 international organisations and 11 individual UN peacekeeping operations. A complete listing of these international organisations is at Appendix 11.

Export Finance and Insurance Corporation (EFIC) National Interest Account

Quality indicator

Quantity indicator

The department managed, in accordance with the national interest provisions of the Export Finance and Insurance Corporation Act 1991, whole-of-government coordination of National Interest Account transactions. This process involves assessing the risks and benefits of proposed transactions in consultation with other departments and EFIC. The value of exports supported on the National Interest Account in 2003–04 decreased substantially over the previous year, reflecting falling demand from exporters, fewer projects requiring support, the increased willingness of the private sector to cover transactions that have traditionally received National Interest Account support, and efforts by EFIC and the Government to avoid taxpayer exposures where possible. Further information may be obtained from EFIC's own annual report. National interest payments and receipts involving EFIC and the Commonwealth were managed efficiently by the department. See sub-output 1.1.6 for further detail on EFIC and export credit policy.

Quantity information

Value of exports supported on EFIC's National Interest Account $20 209 454
Value of claims paid on National Interest Account business $9 140 089

Compensation for detriment caused by defective administration

Quality indicator

Quantity indicator

Six cases were lodged under the compensation scheme for detriment caused by defective administration. Five cases were satisfactorily resolved and one case remained in progress at the end of the financial year. Of the three cases lodged in the previous financial year two were satisfactorily resolved and the third was not pursued by the claimant. The department made six payments from administered funds. (See also Section 3—Corporate Management and Accountability—on page 228.)

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Department of Foreign Affairs and Trade Annual Report 2003–2004
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