Note 23: Special Accounts
| Expositions Special Account (Administered) | 2011 $ |
2010 $ |
|---|---|---|
| Appropriation: Financial Management and Accountability Act 1997 section 20 | ||
| Establishing Instrument: Financial Management and Accountability (Special Accounts) Determination 2007/14 | ||
| Purpose: (a) to acquire, lease, hire, construct, manage, operate, repair, maintain, identify and advise on, and undertake any other activities in relation to Australia's participation at international expositions; and (b) activities that are incidental to a purpose mentioned in paragraph (a); and (c) to reduce the balance of the Special Account (and, therefore, the available appropriation for the Special Account) without making a real or notional payment; and (d) to repay amounts where an Act or other law requires or permits the repayment of an amount received. |
||
| Balance brought forward from previous period | 5,752,099 | 217,035 |
| Appropriation for reporting period | 4,882,269 | 31,000,000 |
| Costs recovered | 7,991,673 | 7,094,783 |
| Realised investments | - | |
| Other receipts | - | |
| Total increase | 12,873,942 | 38,094,783 |
| Available for payments | 18,626,041 | 38,311,818 |
| Payments made to employees | (751,700) | (1,029,865) |
| Payments made to suppliers | (10,483,094) | (31,529,854) |
| Total decrease | (11,234,794) | (32,559,719) |
| Total balance carried to the next period | 7,391,247 | 5,752,099 |
| Consular Services Special Account (Administered) | 2011 $ |
2010 $ |
| Appropriation: Financial Management and Accountability Act 1997 section 20 | ||
| Establishing Instrument: Financial Management and Accountability (Special Accounts) Determination 2005/38 | ||
| Purpose: (a) providing assistance to Australian citizens and permanent residents overseas: (i) in circumstances of urgency; or (ii) when commercial money transfer services are unavailable or inappropriate; and (b) to repay to an original payer amounts credited to the Special Account and residual after any necessary payments have been made under paragraph (a); and (c) activities that are incidental to a purpose mentioned in paragraphs (a) or (b); and (d) to reduce the balance of the Special Account (and, therefore, the available appropriation for that Account) without making a real or notional payment; and (e) to repay amounts where an Act or other law requires or permits the repayment of an amount received. |
||
| Balance brought forward from previous period | 50,608 | 54,280 |
| Appropriation for reporting period | - | - |
| Costs recovered | 81,254 | 225,511 |
| Realised investments | - | - |
| Other receipts | - | - |
| Total increase | 81,254 | 225,511 |
| Available for payments | 131,862 | 279,791 |
| Payments made to other | (87,668) | (229,183) |
| Total decrease | (87,668) | (229,183) |
| Total balance carried to the next period | 44,194 | 50,608 |
| Administered Payment and Receipts Account for Other Entities Special Account (Administered) | 2011 $ |
2010 $ |
| Appropriation: Financial Management and Accountability Act 1997 section 20 | ||
| Establishing Instrument: Financial Management and Accountability (Special Accounts) Determination 2005/26 | ||
| Purpose: (a) to make payments overseas on behalf of entities, and (b) to make payments to entities for amounts received overseas on their behalf; and (c) to make payments overseas on projects jointly funded with entities; and (d) activities that are incidental to a purpose mentioned in paragraphs (a), (b) and (c); and (e) to reduce the balance of the Special Account (and, and therefore, the available appropriation for that Special Account) without making a real or notional payment; and (f) to repay amounts where an Act or other law requires or permits the repayment of an amount received. |
||
| Balance brought forward from previous period | 5,000,000 | 4,967,091 |
| Appropriation for reporting period | - | - |
| Costs recovered | 189,111,877 | 177,789,764 |
| Realised investments | - | - |
| Other receipts | - | - |
| Total increase | 189,111,877 | 177,789,764 |
| Available for payments | 194,111,877 | 182,756,855 |
| Payments made to suppliers | (189,111,877) | (177,756,855) |
| Total decrease | (189,111,877) | (177,756,855) |
| Total balance carried to the next period | 5,000,000 | 5,000,000 |
| Services for Other Entities and Trust Monies Special Account (Administered) | 2011 $ |
2010 $ |
| Appropriation: Financial Management and Accountability Act 1997 section 20 | ||
| Purpose: (a) disburse amounts held in trust or otherwise for the benefit of a person other than the Commonwealth; (b) disburse amounts in connection with services performed on behalf of other governments and bodies that are not FMA agencies; (c) repay amounts where an Act or other law requires or permits the repayment of an amount received; and (d) reduce the balance of the Special Account (and, therefore, the available appropriation for the Account) without making a real or notional payment. |
||
| Balance brought forward from previous period | 2,108,195 | - |
| Appropriation for reporting period | - | 1,207,539 |
| Costs recovered | 2,439,467 | 4,210,094 |
| Realised investments | - | - |
| Other receipts | - | - |
| Total increase | 2,439,467 | 5,417,633 |
| Available for payments | 4,547,662 | 5,417,633 |
| Payments made to suppliers | (1,477,238) | (3,309,438) |
| Total decrease | (1,477,238) | (3,309,438) |
| Total balance carried to the next period | 3,070,424 | 2,108,195 |
| Overseas Property Account (Departmental) | 2011 $ |
2010 $ |
| Appropriation: Financial Management and Accountability Act 1997 section 20 | ||
| Establishing Instrument: Financial Management and Accountability (Special Accounts) Determination 2002/01 | ||
| Purpose: (a) acquire, lease, construct, manage, operate, repair, maintain, divest, finance, identify or advise on, and undertake any other activities in relation to, the real property of the Commonwealth outside Australia; and (b) return dividends or net proceeds from the sale of an asset to the Budget as agreed between the Finance Minister and the responsible minister; and (c) carry out activities that are incidental to a purpose mentioned in paragraph (a); and (d) reduce the balance of the Special Account (and, therefore, the available appropriation for the Account) without making a real or notional payment; and (e) repay amounts where an Act or other law requires or permits the repayment of an amount received. |
||
| Balance brought forward from previous period | 297,605,260 | 262,411,128 |
| Appropriation for reporting period | - | - |
| Costs recovered | 18,312,725 | 16,036,546 |
| Realised investments | 166,888,019 | 104,814,295 |
| Other receipts | - | - |
| Total increase | 185,200,744 | 120,850,841 |
| Available for payments | 482,806,004 | 383,261,969 |
| Payments made to employees | (2,608,615) | (2,571,045) |
| Payments made to suppliers | (73,231,413) | (76,171,979) |
| Return of capital and dividends | (13,715,696) | (6,913,685) |
| Total decrease | (89,555,724) | (85,656,709) |
| Total balance carried to the next period | 393,250,280 | 297,605,260 |