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Notes 26-30

Note 26: Administered-Financial Instruments
          AusAID
  2014   2013   2013
Note 26A: Categories of Financial Instruments  $'000   $'000   $'000
Financial assets 
Cash and cash equivalents 16,414   134   24,571
Loans and receivables
   Goods and services receivables 861   522   -
   Concessional loan receivable 120,394   -   101,043
   Net position of EFIC-NIA 485   -   -
   Traveller emergency loans 912   885   -
   Passport fee, Passport Act fines and consular fees 1,406   1,747   -
   Other receivables 940   -   1,988
Total loans and receivables 124,998   3,154   103,031
Available-for-sale financial assets
   Non-monetary available for sale debt instrument-fair value 1,544,835   -   1,493,609
   EFIC-commercial account 225,926   216,240   -
   Tourism Australia 16,323   -   -
Total available for sale 1,787,084   216,240   1,493,609
Total financial assets 1,928,496   219,528   1,621,211
 
Financial liabilities
Financial liabilities measured at amortised cost
   Trade creditors and accruals 134,940   293   245,529
   NIA -   3,791   -
   Other suppliers 165   7   -
Total financial liabilities measured at amortised cost 135,105   4,091   245,529
 
Financial liabilities at fair value through profit or loss
Multilateral grants payable
   IDA 272,412   -   211,861
   ADF 144,077   -   162,668
   Multilateral Fund for implementation of the Montreal Protocol -   -   3,064
   The Global Environment Facility 53,240   -   69,734
   Heavily Indebted Poor Countries 36,580   -   12,073
   International Fund for Agricultural Development 918   -   2,309
   Multilateral Debt Relief Initiative 83,298   -   30,543
Total multilateral grants payable 590,525   -   492,252
Multilateral contributions payable
   IDA 630,225   -   410,872
   ADF 438,628   -   487,170
Total multilateral contributions payable 1,068,853   -   898,042
Total financial liabilities at fair value through profit or loss 1,659,378   -   1,390,294
Total financial liabilities 1,794,483   4,091   1,635,823
 
Note 26B: Net Gains or Losses on Financial Assets
Loans and receivables
Interest revenue 12,233   90   7,445
Concessional costs for loans (29,221)   -   (29,751)
Impairment (decrease) (243)   112   -
Write-off -   (135)   -
Net (loss)/gain on loans and receivable (17,231)   67   (22,306)
 
Available-for-sale financial assets
Dividend revenue 11,250   226,839   -
Gains recognised in profit or loss for reversal of impairment 42,541   -   216,769
Revaluation gain/(loss) recognised in equity 26,009   (201,823)   -
Net gain from available for sale 79,800   25,016   216,769
Net gain from financial assets 62,569   25,083   194,463
 
Note 26C: Net Gains or Losses on Financial Liabilities
Financial liabilities measured at amortised cost
   NIA interest revenue 3,099   3,869   -
   Other revenue 25,986   23,580   -
   Exchange gain/(loss) 168   (237)   (5,659)
   Interest expense (1,972)   (2,752)   -
   Administered costs (1,566)   (2,234)   -
Net gain/(loss) on financial liabilities measured at amortised cost 25,715   22,226   (5,659)
 
Financial liabilities at fair value through profit or loss
Held for trading
   Unwinding of discount (50,630)   -   (35,556)
   (Loss) on remeasuring at fair value through profit or loss (372,802)   -   (380,827)
   Gains recognised in income 58,150   -   4,425
Net (loss) on financial liabilities at fair value through profit or loss (365,282)   -   (411,958)
Net gain/(loss) on financial liabilities (339,567)   22,226   (417,617)
Note 26D: Fair Value of Financial Instruments
      DFAT   AusAID  
  Carrying amount Fair value Carrying amount Fair value Carrying amount Fair value
  2014 2014 2013 2013 2013 2013
  $'000 $'000 $'000 $'000 $'000 $'000
Financial assets
   Cash and cash equivalents 16,414 16,414 134 134 24,571 24,571
   Receivables for goods and services 861 861 522 522 - -
   Concessional loans receivable 120,394 120,394 - - 101,043 101,043
   Net position of EFIC-NIA 485 485 - - - -
   Traveller emergency loans 912 912 885 885 - -
   Accrued revenue-passport fees, Passport Act fines and consular fees 1,406 1,406 1,747 1,747 - -
   Other receivables 940 940 - - 1,988 1,988
   Investments-available for sale 1,544,835 1,544,835 - - 1,493,609 1,493,609
   Investments-EFIC 225,926 225,926 216,240 216,240 - -
   Investments-Tourism Australia 16,323 16,323 - - - -
Total financial assets 1,928,496 1,928,496 219,528 219,528 1,621,211 1,621,211
 
Financial liabilities
   Trade creditors 135,105 135,105 300 300 245,529 245,529
   NIA - - 3,791 3,791 - -
   Grants payable-at fair value through profit or loss 590,525 590,525 - - 492,252 492,252
   Multilateral contributions payable IDA/ADF at fair value through profit or loss 1,068,853 1,068,853 - - 898,042 898,042
Total financial liabilities 1,794,483 1,794,483 4,091 4,091 1,635,823 1,635,823

Fair value measurements categorised by fair value hierarchy

The table at Note 26E provides an analysis of financial instruments that are measured at fair value, by valuation method.

The different levels are defined below:

Level 1: Fair value obtained from unadjusted quoted prices in active markets for identical instruments.

Level 2: Fair value derived from inputs other than quoted prices included within level 1 that are observable for the instrument, either directly or indirectly.

Level 3: Fair value derived from inputs that are not based on observable market data.

This revaluation gain/loss is presented in the schedule of administered items and is related to the movements in the carrying amount of investments.

Note 26E: Credit Risk

Recognised in the DFAT administered accounts

The department's senior executive has endorsed policies and procedures for debt management (including the provision of credit terms) to reduce the incidence of credit risk. Collateral is not required on any loan.

Credit risk is the possibility that a debtor will not repay all or a portion of a loan or will not repay in a timely manner and will therefore cause a loss to the department. The department has exposure to concentrations of credit risk with regard to the ‘loan receivable' and the ‘non-monetary available for sale debt instrument at fair value'. The maximum exposure the department has to credit risk at reporting date in relation to each class of recognised financial assets is presented in the following table excluding any collateral or credit enhancements.

Maximum exposure to credit risk (excluding any collateral or credit enhancements)   2014
$'000		 2013
$'000		 AusAID
2013
$'000
 
Financial assets carried at amount not best representing maximum
exposure to credit risk
   Loan receivable 124,998 3,154 103,031
   Available for sale 1,787,084 216,240 1,493,609
Total financial assets carried at amount not best representing maximum
exposure to credit risk 		1,912,082 219,394 1,596,640
Financial liabilities carried at amount not best representing maximum
exposure to credit risk
   At amortised cost 135,105 4,091 245,529
   Through profit or loss 1,659,378 - 1,390,294
Total financial liabilities carried at amount not best representing maximum
exposure to credit risk 		1,794,483 4,091 1,635,823
Credit quality of financial assets not past due or individually determined as impaired
      AusAID     AusAID
  Not past due
or impaired		 Not past due
or impaired		 Not past due
or impaired		 Past due
or impaired 		Past due
or impaired 		Past due
or impaired
  2014 2013 2013 2014 2013 2013
  $'000 $'000 $'000 $'000 $'000 $'000
   Loan receivable 302,134 194,307 101,226 180,607 193,017 2,203
   Available for sale 1,787,084 216,240 1,493,609 - - -
Total 2,089,218 410,547 1,594,835 180,607 193,017 2,203
Ageing of financial assets that were past due but not impaired for 2014
  Not past due
nor impaired
$'000		 0 to 30
days
$'000		 31 to 60
days
$'000		 61 to 90
days
$'000		 90 +
days
$'000		 Total
$'000
Not impaired
   Loan receivable 302,134 377 44 339 974 303,868
   Available for sale 1,787,084 - - - - 1,787,084
Total 2,089,218 377 44 339 974 2,090,952
Impaired
   Loan receivable (178,434) - - - - (178,434)
   Available for sale - - - - - -
Total (178,434) - - - - (178,434)

 

Ageing of financial assets that were past due but not impaired for 2013 DFAT
  Not past due
nor impaired
$'000		 0 to 30
days
$'000		 31 to 60
days
$'000		 61 to 90
days
$'000		 90 +
days
$'000		 Total
$'000
Not impaired            
Loan receivable 194,307 11 2 5 914 195,239
Available for sale 216,240 - - - 1 216,241
Total 410,547 11 2 5 915 411,480
Impaired            
Loan receivable (191,651) - - - (434) (192,085)
Available for sale - - - - - -
Total (191,651) - - - (434) (192,085)
DFAT impaired some traveller emergency loans immediately on issuance as the loan recipient, while requiring consular assistance and legally able to enter into a loan contract, was assessed as not likely to be in a position to repay the loan based on observable evidence and factors.
 
Ageing of financial assets that were past due but not impaired for 2013 AusAID
Not impaired
   Loan receivable 100,452 592 169 13 - 101,226
   Available for sale 1,493,609 - - - - 1,493,609
Total 1,594,061 592 169 13 - 1,594,835
Impaired
   Loan receivable - - - - (199) (199)
   Available for sale - - - - - -
Total - - - - (199) (199)

Note 26F: Liquidity Risk

The continued existence of the department in its present form and with its present programs is dependent on government policy and on continuing appropriations by Parliament for the department's administration and programs. The probability of the Government encountering difficulties meeting its administered financial obligations is less than remote.

Maturities for non-derivative financial liabilities 2014
  On demand
$'000		 within 1 year
$'000		 between 1 to 2 years
$'000		 between 2 to 5 years
$'000		 more than 5 years
$'000		 Total
$'000
   Financial liabilities measured at amortised cost - 135,097 - - - 135,097
   Financial liabilities at fair value through profit or loss - 283,320 285,117 696,719 394,222 1,659,378
Total - 418,417 285,117 696,719 394,222 1,794,475
 
Maturities for non-derivative financial liabilities 2013 DFAT
  On demand
$'000		 within 1 year
$'000		 between 1 to 2 years
$'000		 between 2 to 5 years
$'000		 more than 5 years
$'000		 Total
$'000
   Financial liabilities measured at amortised cost - (5,843) 3,396 5,035 1,503 4,091
   Financial liabilities at fair value through profit or loss - - - - - -
Total - (5,843) 3,396 5,035 1,503 4,091
 
Maturities for non-derivative financial liabilities 2013 AusAID
  On demand
$'000		 within 1 year
$'000		 between 1 to 2 years
$'000		 between 2 to 5 years
$'000		 more than 5 years
$'000		 Total
$'000
   Financial liabilities measured at amortised cost - 245,529 - - - 245,529
   Financial liabilities at fair value through profit or loss - 277,098 246,380 830,236 36,580 1,390,294
Total - 522,627 246,380 830,236 36,580 1,635,823

The department had no derivative financial liabilities in both the current and prior financial year.

Note 26G: Market Risk

Market risk is defined as the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises the following types of risk, either alone or in combination: interest rate risk, sovereign risk and liquidity risk (for the purposes of discounting the future value of the non-monetary ‘available for sale' debt instrument); currency risk (for the purposes of converting to Australian dollars the discounted United States dollar value of the non-monetary ‘available for sale' debt instrument); and the 10-year government bond rate for the purposes of discounting future liabilities relating to multilateral loan and grant commitments. The following sensitivity analysis discloses the effect that a reasonable possible change in each risk variable, either alone, or in total, would have on the department's administered income and expenses.

The following table illustrates the effect on the department's administered net income less expenses and equity as at 30 June 2014 from 11.5% (2013: 15.7%) increase or decrease against the AUD in the currencies in which the financial instruments were administered by the department with all other variables held constant.

Sensitivity analysis of the risk that the department is exposed to for 2014 
  Risk
variable		 Change
in risk
variable		 Effect on
Profit
and loss		 Equity
    % $'000 $'000
 
Currency risk $/USD + 11.5% - -
Currency risk $/USD -11.5% - -
Currency risk $/EUR + 11.5% (19) (19)
Currency risk $/EUR -11.5% 24 24
Interest rate risk * + 0.6% 100,971 100,971
Interest rate risk * -0.6% (104,015) (104,015)
 
Sensitivity analysis of the risk that the department is exposed to for 2013 DFAT
  Risk
variable		 Change
in risk
variable		 Effect on
Profit
and loss		 Equity
    % $'000 $'000
Currency risk $/USD 15.70% (1,253) (1,253)
Currency risk $/USD -15.70% 1,719 1,719
         
 
Sensitivity analysis of the risk that the department is exposed to for 2013 AusAID
  Risk
variable		 Change
in risk
variable		 Effect on
Profit
and loss		 Equity
    % $'000 $'000
Currency risk $/USD 15.70% (194,819) (194,819)
Currency risk $/USD -15.70% 263,578 263,578
Interest rate risk * 1.20% 63,881 63,881

All other items are denominated in AUD and are not subject to market risk due to exchange rate fluctuations.

 

Note 27: Administered-Financial Assets Reconciliation
            AusAID
    2014   2013   2013
  Notes $'000   $'000   $'000
Total financial assets per Schedule of Administered Assets and Liabilities   1,938,915   219,548   1,635,590
Less: non-financial instrument components
   Other receivables (GST receivable from the ATO) 20B 10,419   20   14,379
Total non-financial instrument components   10,419   20   14,379
Total financial assets as per financial instruments note 26A 1,928,496   219,528   1,621,211
Note 28: Administered-Defined Benefit Pension Schemes
  2014 2013
  $'000 $'000
The amounts recognised in the Administered Schedule of Assets and Liabilities are as follows:
Present value of funded obligations 44,074 40,029
Fair value of plan assets (30,669) (27,307)
  13,405 12,722
Present value of unfunded obligations 44,592 36,430
Net liability in balance sheet 57,997 49,152
 
Movements in the net liability recognised in the Administered Schedule of Assets and Liabilities are as follows:
Net liability at the start of the year 49,152 40,898
Exchange differences on foreign plans 453 3,380
Net expense recognised in the Administered Schedule of Comprehensive Income 2,524 2,451
Net actuarial losses 9,479 5,133
Contributions by employers (3,611) (2,710)
Net liability at the end of the year 57,997 49,152
 
Reconciliation of opening and closing balance of the defined benefit obligation:
Opening liability 76,459 64,347
Adjustment for New Delhi scheme liabilities - 196
Exchange differences on foreign plans 3,110 4,990
Service cost 1,365 1,180
Interest cost 3,013 2,861
Contributions by plan participants (funded schemes) 72 68
Actuarial losses due to experience 2,651 1,262
Actuarial losses due to changes in financial assumptions 3,731 216
Actuarial losses due to changes in demographic assumptions 1,809 4,701
Benefits paid (3,544) (3,362)
Closing liability 88,666 76,459
 
Reconciliation of opening and closing balance of the fair value of plan assets:
Opening assets 27,307 24,075
Adjustment for New Delhi scheme assets - (429)
Exchange differences on foreign plans 2,657 1,610
Expected return on plan assets (557) 1,590
Contributions by plan participants (funded schemes) 72 68
Contributions by employer 1,349 468
Actuarial losses 1,123 1,046
Benefits paid (1,282) (1,121)
Closing liability 30,669 27,307
 
Amounts recognised in the administered schedule of comprehensive income are as follows:
Current service cost 1,365 1,180
Interest on obligation 3,013 2,861
Expected return on plan assets (854) (1,590)
Past service cost - -
Losses/(gains) on curtailments and settlements - -
Total included 'employee benefit expense account' 3,524 2,451
 
Amounts recognised directly in administered equity
Financial year ended 2014
$'000		 2013
$'000
Actuarial (losses) (9,479) (5,133)
 
Cumulative amounts of gains and losses recognised in administered equity
Financial year ended 2014
$'000		 2013
$'000
Actuarial (losses) (31,329) (21,850)
 
Pension scheme assets
The fair value of scheme assets is represented by:
Financial year ended 2014
$'000		 2013
$'000
UK equities 0.0% 0.0%
Overseas equities 0.0% 0.0%
Long dated UK corporate bonds 11.2% 13.7%
Long dated UK gifts 11.1% 10.9%
Cash 0.2% 0.3%
Insured Pensioner 1.7% 1.9%
Investment in LIC India 3.1% 0.4%
Diversified Growth Fund 72.8% 72.8%
 
Fair Value of pension scheme assets
The fair value of scheme assets does not include amounts relating to:
  • any of the department's (and the Australian Government's) own financial instruments
  • any property occupied by, or other assets used by the department (or the Australian Government).
 
Expected return on pension scheme assets
The expected return on assets is based on the weighted average of the London and New Delhi scheme asset balances applied to the discount rate for both schemes.
 
Actual return on scheme assets
Financial year ended 2014
$'000		 2013
$'000
Actual return on scheme assets 517 2,636
Actual return on scheme assets as a percentage 2% 11%
 
Principal actuarial assumptions at the reporting date (expressed as weighted averages)
Financial year ended 2014 2013
  $'000 $'000
Discount rate at 30 June 4.04% 3.85%
Expected return on assets at 30 June 3.09% 3.82%
Salary growth 3.31% 3.28%
Price inflation 3.14% 3.08%
Pension growth 1.02% 2.92%
Historical information
Financial year ended 2014 2013 2012 2011 2010
  $'000 $'000 $'000 $'000 $'000
Present value of defined benefit obligations (88,666) (76,459) (64,347) (55,656) (64,981)
Fair value of scheme assets 30,669 27,307 24,075 22,914 24,648
(Deficit) in the scheme (57,997) (49,152) (40,272) (32,742) (40,333)
Actuarial gains/(losses)-net liabilities (7,069) (5,133) (6,155) 28 (3,414)
Effect of exchange rate gains/(losses) (453) (3,380) (1,538) 7,134 2,604
 
Expected employer contributions
Financial year ended       2015 2014
      $'000 $'000
Expected employer contributions1       - 2,831
1This represents the employer contributions which are paid in the schemes fund.

Scheme information

The department administers on behalf of the Australian Government, defined benefit pension schemes for locally engaged staff at posts in London and New Delhi and also the North American Pension Scheme. All schemes, with the exception of the New Delhi Gratuity Scheme, have been closed to new employees and provide pensions that are linked to final salaries. Figures disclosed are based on formal actuarial reviews that are generally conducted triennially and reviewed and updated by the actuary on an annual basis. The New Delhi and London schemes are partially funded and the North American Pension Scheme is fully unfunded. Contributions for the North American Scheme are made to the Consolidated Revenue Fund which will provide funding for the benefits payable under the scheme.

Note 29: Appropriations

Note 29A: Annual Appropriations ('Recoverable GST exclusive')
DFAT
  2014 Appropriations Appropriation
applied in 2014
(current and
prior years)		  
  Appropriation Act FMA Act Total appropriation  
  Annual Appropriation1 Appropriations reduced2 Section 30 Section 31 Section 323 Variance4
  $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Departmental
   Ordinary annual services1 993,488 - - 108,082 331,784 1,433,354 (1,324,335) 109,019
   Other services
      Equity 62,110 - - - 14,523 76,633 (51,318) 25,315
Total departmental 1,055,598 - - 108,082 346,307 1,509,987 (1,375,653) 134,334
Administered
   Ordinary annual services
      Administered items5 620,125 (1,019,899) 86,892 - 3,493,566 3,180,684 (2,886,789) 293,895
      Payments to CAC Act bodies 82,121 - - - - 82,121 (82,121) -
   Other services
      Administered assets and liabilities 2,196,366 - - - 594,223 2,790,589 (260,198) 2,530,391
      Payments to CAC Act bodies 2,697 - - - - 2,697 (2,697) -
Total administered 2,901,309 (1,019,899) 86,892 - 4,087,789 6,056,091 (3,231,805) 2,824,286

1 In 2013-14, there were adjustments that met the recognition criteria of a formal addition and reduction to revenue (in accordance with FMO Div 101) but at law the appropriations had not been amended before the end of the reporting period. The adjustments were:

  • - a reduction to revenue of $2,788,954 relating to the Passport Services Purchasing Agreement
  • - a reduction to revenue of $842,416 relating to no-win/no-loss funding for security projects
  • - an addition to revenue of $38,335,383 relating to no-win/no-loss funding for foreign exchange
  • - a reduction to revenue of $13,444,225 relating to no-win/no-loss funding for FBT payable on living away from home allowance.

2 Appropriations reduced under Appropriation Acts (Nos. 1, 3, 5) 2013-14: sections 10, 11, 12 and 15 and under Appropriation Acts (Nos. 2, 4, 6) 2013-14: sections 12, 13, 14 and 17. Departmental appropriations do not lapse at financial year-end. However, the responsible Minister may decide that part or all of a departmental appropriation is not required and request the Finance Minister to reduce that appropriation. The reduction in the appropriation is effected by the Finance Minister's determination and is disallowable by Parliament.

As with departmental appropriations, the responsible Minister may decide that part or all of an administered appropriation is not required and request that the Finance Minister reduce that appropriation. For administered appropriations reduced under section 11 of Appropriation Acts (Nos. 1, 3, 5) 2013-14 and section 12 of Appropriation Acts (Nos. 2, 4, 6) 2013-14, the appropriation is taken to be reduced to the required amount specified in Note 29E of this note once the annual report is tabled in Parliament. All administered appropriations may be adjusted by a Finance Minister's determination, which is disallowable by Parliament. The amount reduced for administered items includes $998,642,000 in savings related to the stabilisation of the Official Development Assistance (ODA) Budget as announced by the Government on 18 January 2014.

3 The international development and aid function was assumed from AusAID due to the Administrative Arrangements Order issued on 18 September 2013, which integrated the activities of AusAID with DFAT. AusAID ceased to be an entity on 1 November 2013. Remaining 2013-14 appropriations were transferred to DFAT under a determination under s. 32 of the FMA Act on 31 October 2013.

4 Variances in appropriation may result from using prior year non-lapsed appropriations to fund operating and capital expenditure incurred in the current financial year. Variances may also result where obligations exist in the current financial year and those obligations are not settled by financial year end.

The variance for administered assets and liabilities relates to multilateral grants and subscriptions payable. These are initially recognised at fair value in DFAT's Administered Schedule of Assets and Liabilities and appropriated at this time, however appropriation is not drawn down and applied until settlement of the payable is due.

5 Comsuper spends money from the Consolidated Revenue Fund on behalf of DFAT in accordance with the Papua New Guinea (Staffing Assistance) Act 1973. In 2013-14, from 1 November 2013 onwards, Comsuper drew down $5,477,823 from DFAT's administered appropriation. This is included in the appropriation applied amount above.

AusAID
  2014 Appropriations (1 July 2013 to 31 October 2013) Appropriation applied in 2014 (1 July 2013 to 31 October 2013) (current and prior years) Variance3
  Appropriation Act FMA Act Total appropriation
  Annual Appropriation Appropriations reduced1 Section 30 Section 31 Section 322
  $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Departmental
   Ordinary annual services 365,993 - - 6,110 (331,784) 40,319 (124,799) (84,480)
   Other services                
      Equity 14,523 - - - (14,523) - - -
Total departmental 380,516 - - 6,110 (346,307) 40,319 (124,799) (84,480)
Administered
   Ordinary annual services
      Administered items4 4,595,104 (1) 15,725 - (3,490,978) 1,119,850 (1,235,760) (115,910)
   Other services
      Administered assets and liabilities 604,144 - - - (594,223) 9,921 (86,068) (76,147)
Total administered 5,199,248 (1) 15,725 - (4,085,201) 1,129,771 (1,321,828) (192,057)

1 Appropriations reduced under Appropriation Acts (Nos. 1, 3, 5) 2012-13: sections 10, 11, 12 and 15 and under Appropriation Acts (Nos. 2, 4, 6) 2012-13: sections 12, 13, 14 and 17. Departmental appropriations do not lapse at financial year-end. However, the responsible Minister may decide that part or all of a departmental appropriation is not required and request the Finance Minister to reduce that appropriation. The reduction in the appropriation is effected by the Finance Minister's determination and is disallowable by Parliament.

As with departmental appropriations, the responsible Minister may decide that part or all of an administered appropriation is not required and request that the Finance Minister reduce that appropriation. For administered appropriations reduced under section 11 of Appropriation Acts (Nos. 1, 3, 5) 2013-14 and section 12 of Appropriation Acts (Nos. 2, 4, 6) 2013-14, the appropriation is taken to be reduced to the required amount specified in Note 29E of this note once the annual report is tabled in Parliament. All administered appropriations may be adjusted by a Finance Minister's determination, which is disallowable by Parliament.

2 The international development and aid function was assumed from AusAID due to the Administrative Arrangements Order issued on 18 September 2013, which integrated the activities of AusAID with DFAT. AusAID ceased to be an entity on 1 November 2013. Remaining 2013-14 appropriations were transferred to DFAT under a determination under s. 32 of the FMA Act on 31 October 2013.

3 Variances in appropriation may result from using prior year non-lapsed appropriations to fund operating and capital expenditure incurred in the current financial year. Variances may also result where obligations exist in the current financial year and those obligations are not settled by financial year end.

4 Comsuper spends money from the Consolidated Revenue Fund on behalf of AusAID in accordance with the Papua New Guinea (Staffing Assistance) Act 1973. In 2013-14, from 1 July 2013 to 31 October 2013, Comsuper drew down $2,979,827 from AusAID's administered appropriation. This is included in the appropriation applied amount above.

DFAT
  2013 Appropriations Appropriation applied in 2013 (current and prior years) Variance3
  Appropriation Act FMA Act Total appropriation
  Annual Appropriation1 Appropriations reduced2 Section 30 Section 31 Section 32
  $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Departmental
   Ordinary annual services1 953,336 - - 78,521 - 1,031,857 (994,689) 37,168
   Other services
      Equity 62,101 - -   - 62,101 (40,514) 21,587
Total departmental 1,015,437 - - 78,521 - 1,093,958 (1,035,203) 58,755
Administered
   Ordinary annual services
      Administered items 275,129 (25,577) 158 - - 249,710 (250,184) (474)
   Other services
      Administered assets and liabilities - - - - - - (7,989) (7,989)
Total administered 275,129 (25,577) 158 - - 249,710 (258,173) (8,463)

1 In 2012-13, there were adjustments that met the recognition criteria of a formal addition and reduction to revenue (in accordance with FMOs Div 101) but at law the appropriations had not been amended before the end of the reporting period. The adjustments were:

  • - a reduction to revenue of $3,008,918 relating to the Passport Services Purchasing Agreement
  • - a reduction to revenue of $2,771,027 relating to no-win/no-loss funding for Security Projects
  • - an addition to revenue of $7,939,145 relating to no-win/no-loss funding for foreign exchange
  • - an addition to revenue of $182,822 relating to no-win/no-loss funding for FBT payable on living away from home allowance.

2 Appropriations reduced under Appropriation Acts (Nos. 1, 3, 5) 2012-13: sections 10, 11, 12 and 15 and under Appropriation Acts (Nos. 2, 4, 6) 2012-13: sections 12, 13, 14 and 17. Departmental appropriations do not lapse at financial year-end. However, the responsible Minister may decide that part or all of a departmental appropriation is not required and request the Finance Minister to reduce that appropriation. The reduction in the appropriation is effected by the Finance Minister's determination and is disallowable by Parliament.

As with departmental appropriations, the responsible Minister may decide that part or all of an administered appropriation is not required and request that the Finance Minister reduce that appropriation. For administered appropriations reduced under section 11 of Appropriation Acts (Nos. 1, 3, 5) 2012-13 and section 12 of Appropriation Acts (Nos. 2, 4, 6) 2012-13, the appropriation is taken to be reduced to the required amount specified in Note 29E of this note once the annual report is tabled in Parliament. All administered appropriations may be adjusted by a Finance Minister's determination, which is disallowable by Parliament.

3 Variances in appropriation may result from using prior year non-lapsed appropriations to fund operating and capital expenditure incurred in the current financial year. Variances may also result where obligations exist in the current financial year and those obligations are not settled by financial year end.

Note 29A: Annual Appropriations ('Recoverable GST exclusive')
AusAID
  2013 Appropriations Appropriation applied in 2013 (current and prior years) Variance2
  Appropriation Act FMA Act Total appropriation
  Annual Appropriation Appropriations reduced1 Section 30 Section 31 Section 32
  $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Departmental
   Ordinary annual services 324,191 (42) - 19,252 - 343,401 (319,817) 23,584
   Other services
      Equity 15,123 - -   - 15,123 (15,123) -
Total departmental 339,314 (42) - 19,252 - 358,524 (334,940) 23,584
Administered
   Ordinary annual services
      Administered items3 4,207,198 (366,891) 16,844 - - 3,857,151 (3,884,410) (27,259)
   Other services
      Administered assets and liabilities 507,384 - - - - 507,384 (171,509) 335,875
Total administered 4,714,582 (366,891) 16,844 - - 4,364,535 (4,055,919) 308,616

1 Appropriations reduced under Appropriation Acts (Nos. 1, 3, 5) 2012-13: sections 10, 11, 12 and 15 and under Appropriation Acts (Nos. 2, 4, 6) 2012-13: sections 12, 13, 14 and 17. Departmental appropriations do not lapse at financial year-end. However, the responsible Minister may decide that part or all of a departmental appropriation is not required and request the Finance Minister to reduce that appropriation. The reduction in the appropriation is effected by the Finance Minister's determination and is disallowable by Parliament. On 5August 2013, the Finance Minister issued a determination to reduce appropriations following a request by the Minister. The amount of the reduction under Appropriation Act (No. 1) 2012-13 was $42,000.

As with departmental appropriations, the responsible Minister may decide that part or all of an administered appropriation is not required and request that the Finance Minister reduce that appropriation. For administered appropriations reduced under section 11 of Appropriation Acts (Nos. 1, 3, 5) 2012-13 and section 12 of Appropriation Acts (Nos. 2, 4, 6) 2012-13, the appropriation is taken to be reduced to the required amount specified in Note 29E of this note once the annual report is tabled in Parliament. All administered appropriations may be adjusted by a Finance Minister's determination, which is disallowable by Parliament.

2 Variances in appropriation may result from using prior year non-lapsed appropriations to fund operating and capital expenditure incurred in the current financial year. Variances may also result where obligations exist in the current financial year and those obligations are not settled by financial year end.

3 Comsuper spends money from the Consolidated Revenue Fund on behalf of AusAID in accordance with the Papua New Guinea (Staffing Assistance) Act 1973. In 2012-13 Comsuper drew down $8,945,058 from AusAID's administered appropriation. This is included in the appropriation applied amount above.

Note 29B: Departmental and Administered Capital Budgets ('Recoverable GST exclusive')
DFAT
  2014 Capital Budget Appropriations Capital Budget Appropriations applied in 2014
(current and prior years)





Variance
  Appropriation Act FMA Act Total Capital Budget Appropriations Payments for non-financial assets4 Payments for other purposes Payments for other purposes
  Annual Capital Budget1 Appropriations reduced2 Section 323
  $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Departmental
   Ordinary annual services-Capital Budget1 38,181 - 10,133 48,314 (48,769) - (48,769) (455)
Administered
   Ordinary annual services-Capital Budget1 - - 2,280 2,280 (773) - (773) 1,507
 
AusAID
  2014 Capital Budget Appropriations
(1 July 2013 to 31 October 2013)		 Capital Budget Appropriations applied in 2014
(1 July 2013 to 31 October 2013)
(current and prior years)		 Variance
  Appropriation ActAppropriation Act FMA Act Total Capital Budget Appropriations Payments for non-financial assets4 Payments for other purposes Total payments
  Annual Capital Budget1 Appropriations reduced2 Section 323
  $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Departmental
   Ordinary annual services-Capital Budget1 12,242 - (10,133) 2,109 (2,109) - (2,109) -
Administered
   Ordinary annual services-Capital Budget1 2,505 - (2,280) 225 (225) - (225) -

1 Departmental and administered Capital Budgets are appropriated through Appropriation Acts (No.1, 3, 5). They form part of ordinary annual services, and are not separately identified in the Appropriation Acts. For more information on ordinary annual services appropriations, please see Note 29A: Annual Appropriations.

2 Appropriations reduced under Appropriation Acts (No.1, 3, 5) 2013-14: sections 10, 11, 12 and 15 or via a determination by the Finance Minister.

3 The international development and aid function was assumed from AusAID due to the Administrative Arrangements Order issued on 18 September 2013, which integrated the activities of AusAID with DFAT. AusAID ceased to be an entity on 1 November 2013. Remaining 2013-14 appropriations were transferred to DFAT under a determination under s. 32 of the FMA Act on 31 October 2013.

4 Payments made on non-financial assets include purchases of assets, expenditure on assets which has been capitalised, costs incurred to make good an asset to its original condition, and the capital repayment component of finance leases. The amount above for AusAID is for the period 1 July 2013 to 31 October 2013

  2013 Capital Budget Appropriations Capital Budget Appropriations applied in 2013 (current and prior years) Variance
  Appropriation ActAppropriation Act FMA Act Total Capital Budget Appropriations Payments for non-financial assets3 Payments for other purposes Total payments3
  Annual Capital Budget1 Appropriations reduced2 Section 32
  $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
DFAT
Departmental
Ordinary annual services-Capital Budget1 63,256 - - 63,256 (63,349) - (63,349) (93)
AusAID
Departmental
Ordinary annual services-Capital Budget1 7,390 - - 7,390 (7,390) - (7,390) -
Administered
Ordinary annual services-Capital Budget1 2,461 - - 2,461 (1,458) - (1,458) 1,003

1 Departmental and Administered Capital Budgets are appropriated through Appropriation Acts (No.1, 3, 5). They form part of ordinary annual services, and are not separately identified in the Appropriation Acts. For more information on ordinary annual services appropriations, please see Note 29A: Annual Appropriations.

2 Appropriations reduced under Appropriation Acts (No.1, 3, 5) 2012-13: sections 10, 11, 12 and 15 or via a determination by the Finance Minister.

3 Payments made on non-financial assets include purchases of assets, expenditure on assets which has been capitalised, costs incurred to make good an asset to its original condition, and the capital repayment component of finance leases.

Note 29C: Unspent Annual Appropriations ('Recoverable GST exclusive')
  DFAT DFAT AusAID1 AusAID

2014
2013		 31 Oct
2013
2013
$'000 $'000 $'000 $'000
DEPARTMENTAL
Appropriation Act (No. 2) 2005-06 - 1 - -
Appropriation Act (No. 2) 2008-09 - 306 - -
Appropriation Act (No. 2) 2009-10 - 292 - -
Appropriation Act (No. 1) 2010-112 10,557 - - -
Appropriation Act (No. 2) 2010-112 31,189 59,255 - -
Appropriation Act (No. 4) 2010-112 473 473 - -
Appropriation Act (No. 1) 2011-122 - 23,493 - -
Appropriation Act (No. 2) 2011-122 70,884 70,884 - -
Appropriation Act (No. 1) 2012-13 9,066 295,803 - -
Appropriation Act (No. 2) 2012-13 30,892 54,145 - 81,222
Appropriation Act (No. 3) 2012-13 - 10,293 - -
Appropriation Act (No. 4) 2012-13 2,350 2,350 - 4,516
Appropriation Act (No. 1) 2012-13 - Cash at bank and on hand - 55,633 - 1,016
Appropriation Act (No. 1) 2013-14 391,834 - - -
Appropriation Act (No. 2) 2013-14 75,695 - - -
Appropriation Act (No. 3) 2013-14 21,573 - - -
Appropriation Act (No. 4) 2013-14 938 - - -
Appropriation Act (No. 1) 2013-14 - Cash at bank and on hand 65,478 - - -
Total departmental3 710,929 572,928 - 86,754

1 The international development and aid function was assumed from the Australian Agency for International Development (AusAID) due to the Administrative Arrangements Order issued on 18 September 2013, which integrated the activities of AusAID with DFAT. AusAID ceased to be an entity on 1 November 2013.

2 On 1 July 2014, the commencement of the PGPA Act resulted in Appropriation Acts prior to 1 July 2012 being no longer available to agencies. The impact of this on DFAT has been to remove access to unspent annual departmental appropriations for 2010-11 and 2011-12. The total amount of appropriations repealed is $113,103,237. It is anticipated the majority of this amount will be re-appropriated in future financial years.

3 DFAT has in place a number of no-win/no-loss funding agreements due to the complex and variable environment the department operates in overseas. The difference between the balance of departmental appropriation receivable disclosed in Note 6B and the above balance of unspent annual appropriations is due to these agreements and cash at bank and on hand. Adjustments relating to the no-win/no-loss agreements are recognised as formal additions or reductions in DFAT's accounts in accordance with FMOs Division 101. However, the original appropriations are reported in Table C until they are amended at law by a determination from the Finance Minister or supplementation funding is appropriated by the Government.

Authority DFAT DFAT AusAID1 AusAID

2014
2013		 31 Oct
2013
2013
$'000 $'000 $'000 $'000
ADMINISTERED
Appropriation Act (No. 1) 2004-052 - - - 53,748
Appropriation Act (No. 1) 2006-072 - - - 7,475
Appropriation Act (No. 1) 2007-082 - - - 37,662
Appropriation Act (No. 2) 2007-082 - - - 1,376
Appropriation Act (No. 4) 2007-082 - - - 149,331
Appropriation Act (No. 1) 2008-092 - - - 53,133
Appropriation Act (No. 2) 2008-092 - - - 166,657
Appropriation Act (No. 1) 2009-102 - - - 337
Appropriation Act (No. 2) 2009-102 - 51,473 - -
Appropriation Act (No. 1) 2010-113 - - 38,311 65,592
Appropriation Act (No. 3) 2010-113 - - 148,493 156,834
Appropriation Act (No. 2) 2010-113 - - 142,699 188,764
Appropriation Act (No. 4) 2010-113 - - 221,415 234,815
Appropriation Act (No. 1) 2011-123 - 86 3,179 3,179
Appropriation Act (No. 2) 2011-123 - - 3 3
Appropriation Act (No. 1) 2012-133 - 25,837 206,773 645,619
Appropriation Act (No. 2) 2012-133 - - 486,732 503,414
Appropriation Act (No. 2) 2012-13 - Cash at bank and on hand - 134 - 24,571
Appropriation Act (No. 1) 2013-14 1,016,806 - 1 -
Appropriation Act (No. 2) 2013-14 590,169 - - -
Appropriation Act (No. 3) 2013-14 289,243 - - -
Appropriation Act (No. 4) 2013-14 1,940,222 - - -
Appropriation Act (No. 5) 2013-14 7,963 - - -
Appropriation Act (No. 2) 2013-14 - Cash at bank and on hand 16,414 - - -
Total administered 3,860,817 77,530 1,247,606 2,292,510

1 The international development and aid function was assumed from the Australian Agency for International Development (AusAID) due to the Administrative Arrangements Order issued on 18 September 2013, which integrated the activities of AusAID with DFAT. AusAID ceased to be an entity on 1 November 2013.

2 On 1 July 2013, the Statute Stocktake (Appropriations) Act 2013 repealed a number of old annual Appropriation Acts to remove them from the statute books. These appropriations were provided to make payments for multi-year grants and contributions and were appropriated for the total value of each agreement in the year the agreement was entered into. The unspent amount of these appropriations represents the value of the remaining payments scheduled under each agreement after 30 June 2013. These amounts were subsequently appropriated to the Department through 2013-14 Additional Estimates following integration on 1 November 2013.

3 The unspent annual administered appropriations for 2010-11, 2011-12 and 2012-13 were not transferred to the Department through a section 32 determination. These amounts were subsequently appropriated to the Department through 2013-14 Additional Estimates following integration on 1 November 2013.

Note 29D: Special Appropriations ('Recoverable GST exclusive')
      Appropriation applied
      2014 2013
Authority Type Purpose $ $
EFIC Act 1991 s.54(10), Administered Unlimited amount For the payment by the Commonwealth to EFIC of amounts equal to the amount of capital determined by the EFIC Board as necessary to overcome the inadequacies, in the moneys or other assets of EFIC to meet the expected liabilities, losses or claims against EFIC - -
         
FMA Act s.28(1), Administered1 Refund To provide an appropriation where an Act or other law requires or permits the repayment of an amount received by the Commonwealth and apart from this section there is no specific appropriation for the repayment 1,036,205 888,482
Total special appropriation applied2     1,036,205 888,482

1 DFAT uses s. 28(1) of the FMA Act to make refunds of passport fees in certain circumstances, where there is no other specific appropriate available to make the repayment.

2 The international development and aid function was assumed from AusAID due to the Administrative Arrangements Order issued on 18 September 2013, which integrated the activities of AusAID with DFAT. AusAID ceased to be an entity on 1 November 2013. There were no amounts for AusAID special appropriations for the period 1 July 2013 to 31 October 2013.

Note 29E: Reduction in Administered Items ('Recoverable GST exclusive')
DFAT
Reduction in administered items for 20141,2
  Amount required3 - by
Appropriation Act		 Total amount required3 Total amount appropriated4 Total reduction5
Ordinary annual services Act (No.1) Act (No.3) Act (No.5)      
   Outcome 1 283,193,047.38 310,527,004.28 11,560,368.67 605,280,420.33 621,963,000.00 16,682,579.67
   Outcome 2 128,153.47 - - 128,153.47 750,000.00 621,846.53
   Outcome 4 2,488,383,858.46 - - 2,488,383,858.46 3,490,978,000.00 1,002,594,141.54

AusAID6

Reduction in administered items for 2014 (1 July 2013 to 31 October 2013)1,2
  Amount required3-by
Appropriation Act 		Total amount required3 Total amount appropriated4 Total reduction5
Ordinary annual services Act (No.1) Act (No.3) Act (No.5)      
   Outcome 1 1,104,125,279.54 - - 1,104,125,279.54 1,104,126,000.00 720.46

1 Numbers in this section of the table must be disclosed to the cent.

2 Administered items for 2013-14 were reduced to these amounts when these financial statements were tabled in Parliament as part of DFAT's 2013-14 annual report. This reduction was effective in 2014-15 but the amounts were reflected in Table A in the 2013-14 financial statements in the column 'Appropriations reduced' as they were adjustments to 2013-14 appropriations.

3 Amount required as per Appropriation Act (Act 1 s. 11; Act 2 s. 12).

4 Total amount appropriated in 2013-14.

5 Total reduction effective in 2014-15.

6 The international development and aid function was assumed from AusAID due to the Administrative Arrangements Order issued on 18 September 2013, which integrated the activities of AusAID with DFAT. AusAID ceased to be an entity on 1 November 2013. The amount required above for AusAID is for the period 1 July 2013 to 31 October 2013. Remaining 2013-14 appropriations were transferred to DFAT under a determination under s. 32 of the FMA Act on 31 October 2013. The reduction above represents a residual amount as appropriation transfers are undertaken in thousands of dollars.

DFAT

Reduction in administered items for 20131,2
  Amount required3-by
Appropriation Act		 Total amount required3 Total amount appropriated4 Total reduction5
Ordinary annual services Act (No.1) Act (No.3) Act (No.5)      
   Outcome 1 249,438,890.83 - - 249,438,890.83 274,379,000.00 24,940,109.17
   Outcome 2 113,467.04 - - 113,467.04 750,000.00 636,532.96

AusAID
Reduction in administered items for 20131,2
  Amount required3-by
Appropriation Act		 Total amount required3 Total amount appropriated4 Total reduction5
Ordinary annual services Act (No.1) Act (No.3) Act (No.5)      
   Outcome 1 3,840,306,606.17 - - 3,840,306,606.17 4,207,198,000.00 336,891,393.83

1 Numbers in this section of the table must be disclosed to the cent.

2 Administered items for 2012-13 were reduced to these amounts when these financial statements were tabled in Parliament as part of AusAID's 2012-13 annual report. This reduction was effective in 2013-14 but the amounts were reflected in Table A in the 2012-13 financial statements in the column 'Appropriations reduced' as they were adjustments to 2012-13 appropriations.

3 Amount required as per Appropriation Act (Act 1 s. 11; Act 2 s. 12).

4 Total amount appropriated in 2012-13.

5 Total reduction effective in 2013-14.

Note 30: Special Accounts
Note 30A: Special Accounts ('Recoverable GST exclusive')
  Expositions Special Account (Administered)1 Consular Services Special Account (Administered)2 Administered Payments and Receipts Account for Other Entities Special Account (Administered)3 Services for Other Entities and Trust Moneys-DFAT Special Account (Administered)4
  2014 2013 2014 2013 2014 2013 2014 2013
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Balance brought forward from prior period 994 748 45 45 5,000 5,000 629 673
Increases                
   Appropriation credited to special account - 1,500 - - - - - -
   Costs recovered - 72 180 63 260,143 254,422 1,938 2,012
   Other receipts - - - - - - - -
Total increases - 1,572 180 63 260,143 254,422 1,938 2,012
Available for payments 994 2,320 225 108 265,143 259,422 2,567 2,685
Decreases                
Departmental                
   Payments - - - - - - - -
   Return of capital and dividends - - - - - - - -
Total departmental - - - - - - - -
Administered                
   Payments made to employees - (211) - - - - - -
   Payments made to suppliers - (1,115) - - (260,143) (254,422) (2,124) (2,056)
   Payments made to other - - (191) (63) - - - -
   Transfers to Consolidated Revenue Fund - - - - - - - -
Total administered - (1,326) ( 191) (63) ( 260 143) (254,422) ( 2 124) (2,056)
Special public money                
   Payments made - - - - - - - -
   Payments made to others - - - - - - - -
Total special public money - - - - - - - -
Total decreases - (1,326) (191) (63) (260,143) (254,422) (2,124) (2,056)
Total balance carried to the next period 994 994 34 45 5,000 5,000 443 629
  Services for Other Entities and Trust Moneys-AusAID Special Account (Administered)5 Australian-Indonesia Partnership for Reconstruction and Development (Loans) Special Account (Administered)6 Australian-Indonesia Partnership for Reconstruction and Development (Grants) Special Account (Administered)7 Overseas Property Special Account (Departmental)8
  2014 2013 2014 2013 2014 2013 2014 2013
  $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Balance brought forward from prior period 8,050 12,422 77,595 120,513 - 3,787 431,246 440,590
Increases                
   Appropriation credited to special account - - - - - - - -
   Costs recovered - - - - - - 526 9,379
   Realised investments - - - - - - 82,881 104,905
   Other receipts 11,430 8,669 - - - - - -
Total increases 11,430 8,669 - - - - 83,407 114,284
Available for payments 19,480 21,091 77,595 120,513 - 3,787 514,653 554,874
Decreases                
Departmental                
   Payments made to employees - - - - - - (2,771) (2,928)
   Payments made to suppliers - - - - - - (150,611) (119,283)
   Return of capital and dividends - - - - - - (79,944) (1,417)
Total departmental decreases - - - - - - (233,326) (123,628)
Administered                
   Payments made to employees - - - - - - - -
   Payments made to suppliers (12,946) (13,041) (39,538) (42,918) - - - -
   Payments made to other - - - - - - - -
   Transfers to Consolidated Revenue Fund - - - - - (3,787) - -
Total administered decreases ( 12 946) (13,041) ( 39 538) (42,918) - (3,787) - -
Special public money                
   Payments made - - - - - - - -
   Payments made to others - - - - - - - -
Total special public money decreases - - - - - - - -
Total decreases (12,946) (13,041) (39,538) (42,918) - (3,787) (233,326) (123,628)
Total balance carried to the next period 6,534 8,050 38,057 77,595 - - 281,327 431,246

1 Appropriation: FMA Act section 20

Establishing Instrument: Financial Management and Accountability (Special Accounts) Determination 2007/14

Purpose:

  1. (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
  2. (b) activities that are incidental to a purpose mentioned in paragraph (a)
  3. (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
  4. (d) to repay amounts where an Act or other law requires or permits the repayment of an amount received.

2 Appropriation: FMA Act section 20

Establishing Instrument:  Financial Management and Accountability (Special Accounts)  Determination 2005/38

Purpose:

  1. (a) providing assistance to Australian citizens and permanent residents overseas:
    1. (i) in circumstances of urgency
    2. (ii) when commercial money transfer services are unavailable or inappropriate
  2. (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)
  3. (c) activities that are incidental to a purpose mentioned in paragraphs (a) or (b)
  4. (d) to reduce the balance of the special account (and, therefore, the available appropriation for that Account) without making a real or notional payment
  5. (e) to repay amounts where an Act or other law requires or permits the repayment of an amount received.

3 Appropriation: FMA Act section 20

Establishing Instruments:  Financial Management and Accountability (Special Accounts)  Determination 2005/26

Purpose:

  1. (a) to make payments overseas on behalf of entities
  2. (b) to make payments to entities for amounts received overseas on their behalf
  3. (c) to make payments overseas on projects jointly funded with entities
  4. (d) activities that are incidental to a purpose mentioned in paragraphs (a), (b) and (c)
  5. (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
  6. (f) to repay amounts where an Act or other law requires or permits the repayment of an amount received.

4 Appropriation: FMA Act section 20

Establishing Instrument:  Financial Management and Accountability (Special Accounts)  Determination 2009/25

Purpose:

  1. (a) disburse amounts held in trust or otherwise for the benefit of a person other than the Commonwealth
  2. (b) disburse amounts in connection with services performed on behalf of other governments and bodies that are not FMA agencies
  3. (c) repay amounts where an Act or other law requires or permits the repayment of an amount received
  4. (d) reduce the  balance of the special account (and, therefore, the available appropriation for the Account) without making a real or notional payment.

5 Appropriation: FMA Act section 20

Establishing Instrument:  Financial Management and Accountability (Special Accounts)  Determination 2011/05

Purpose:

  1. (a) disburse amounts held in trust or otherwise for the benefit of a person other than the Commonwealth
  2. (b) disburse amounts in connection with services performed on behalf of other governments and bodies that are not FMA agencies
  3. (c) repay amounts where an Act or other law requires or permits the repayment of an amount received
  4. (d) reduce the  balance of the special account (and, therefore, the available appropriation for the Account) without making a real or notional payment.

6 Appropriation: FMA Act section 20

Establishing Instrument:  Financial Management and Accountability (Special Accounts)  Determination 2005/03

Purpose:

  1. (a) loans for relief, rehabilitation and reconstruction assistance to areas in the Republic of Indonesia directly affected by the Tsunami and economic and social development assistance to all areas of the Republic of Indonesia
  2. (b) activities that are incidental to and directly related to a purpose mentioned in paragraph (a)
  3. (c) to reduce the balance of the special account (and, therefore, the available appropriation for that Account) without making a real or notional payment
  4. (d) to repay amounts where an Act or other law required or permits the repayment of an amount received.

7 Appropriation: FMA Act section 20

Establishing Instrument:  Financial Management and Accountability (Special Accounts)  Determination 2005/02

Purpose:

  1. (a) grants for relief, rehabilitation and reconstruction assistance to areas in the Republic of Indonesia directly affected by the Tsunami and economic and social development assistance to all areas of the Republic of Indonesia
  2. (b) activities that are incidental to and directly related to a purpose mentioned in paragraph (a) or paragraph 5.1 (a) of Financial Management and Accountability Determination 2005/03-Australia-Indonesia Partnership for Reconstruction and Development (Loans) Special Account Establishment 2005
  3. (c) to reduce the balance of the special account (and, therefore, the available appropriation for that Account) without making a real or notional payment
  4. (d) to repay amounts where an Act or other law required or permits the repayment of an amount received.

8 Appropriation: FMA Act section 20

Establishing Instrument:  Financial Management and Accountability (Special Accounts) Determination 2002/01

Purpose:

  1. (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
  2. (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
  3. (c) carry out activities that are incidental to a purpose mentioned in paragraph (a)
  4. (d) reduce the balance of the special account (and, therefore, the available appropriation for the Account) without making a real or notional payments
  5. (e) repay amounts where an Act or other law requires or permits the repayment of an amount received.

9 Prior to 1 November 2013 the following accounts were the responsibility of AusAID:

Australian-Indonesia Partnership for Reconstruction and Development (Grants) Special Account

Services for other entities and trust moneys – AusAID Special Account.

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Department of
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R.G. Casey Building
John McEwen Crescent
Barton ACT 0221 Australia

  • Phone: +61 2 6261 1111
  • Fax: +61 2 6261 3111
  • ABN: 47 065 634 525

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