Financial Management - Northern Territory Government

presspetΔιαχείριση

10 Νοε 2013 (πριν από 3 χρόνια και 9 μήνες)

171 εμφανίσεις

Achievements

Preface

12

Financial
Management

13

Economic
Management

17

Interg
o
v
e
r
nmental

R
el
a
tions

22

R
e
v
e
n
ue

Management

26

Superan
n
u
a
tion

28

Output

P
er
f
o
r
mance

T
a
b
les

30

12

Achievements


Preface






T
reasu
r
y

s

o
v
erall

pu
r
pose

is

to

promote

sustaina
b
le

fiscal

strength

and

economic

d
e
v
elopment

of

the

No
r
the
r
n

T
e
r
rito
r
y

and

contri
b
ute

to
impr
o
v
ed

social

and

fiscal

wellbeing

f
or

T
e
r
ritorian
s
.


A
c
hi
e
v
ement

of

this

pu
r
pose

is

measured

through

fi
v
e

str
a
tegic
objecti
v
es:


1.

Best
practice

financial

management

Financial
Management

2.

Quality

ana
l
ysis

and

pu
b
lic poli
c
y

a
d
vice

on

economi
c
,

social

and
commercial

issues

Economic

Management

3.

E
f
f
ecti
v
e

interg
o
v
e
r
nmental

financial

rel
a
tions

Interg
o
v
e
r
nmental

R
el
a
tions

4.

A

fair

and

efficient

T
e
r
rito
r
y

r
e
v
e
n
ue

system

Re
v
e
n
ue

Management

5.

E
f
f
ecti
v
e

pu
b
lic
sector

superan
n
u
a
tion

a
r
rangements

Superan
n
u
a
tion


T
his

section

repo
r
ts

on

T
reasu
r
y

s

per
f
o
r
mance

in

deli
v
ering

outputs

to
meet these str
a
tegic

objecti
v
e
s
.

Details
are

pr
o
vided

on

k
e
y

projects
and

a
c
hi
e
v
ements

during

the

y
ea
r
,

with

per
f
o
r
mance

recorded

f
or

the
priorities

identified

in

last

y
ear

s

an
n
ual

repo
r
t.


P
er
f
o
r
mance

a
g
ainst

the

measures
pu
b
lished

in

Budget

P
aper

N
o
.

3

is

repo
r
ted

in

the

output

per
f
o
r
mance

ta
b
le
s
.

In

almost
all

case
s
,
measures were
met

or

ex
ceeded.

W
here

per
f
o
r
mance

did

not

meet
the
estim
a
t
e
,

an

e
xplan
a
tion

is

pr
o
vided.


P
er
f
o
r
mance

repo
r
ting

f
or

the

Utilities Commission
and

T
reasu
r
y
Co
r
por
a
tion

is

in
c
luded

in

this

section.

T
hese

two

st
a
tuto
r
y
offices
f
o
r
m
pa
r
t

of

T
reasu
r
y

f
or

administr
a
ti
v
e

pu
r
pose
s
,

how
e
v
er

full

details
of

a
c
hi
e
v
ements

in

2011‑12
are

repo
r
ted

in

their respecti
v
e

an
n
ual
repo
r
t
s
.














Our

P
er
f
o
r
mance

Symbols


Completed



priorities

h
a
v
e

been

finalised

in

the

pr
e
vious
financial

y
ear


In

Progress


priorities

h
a
v
e

a

deadlin
e
,

and

should

be
completed

in

the

near
future


Ongoing



priorities

are

a

long‑te
r
m

project

and

there
f
ore
do

not

h
a
v
e

a

set

deadlin
e
,

or

are

priorities

th
a
t

need

to

be
met

an
n
ual
l
y

and

will

then
ca
r
r
y

o
v
er

to

the

f
ollowing

y
ear


Financia
l

Management






Str
a
tegic

Objecti
v
e

Best
practice

financial

management

Outputs

Deli
v
ered
Ana
l
ysis

and

poli
c
y

a
d
vice
on

resource

alloc
a
tion

and
repo
r
ting

of

the

T
e
r
rito
r
y

s
financial

resources

through:




w
hole
of

g
o
v
e
r
nment
b
udgeting

and

financial
repo
r
ting;




monitoring

agen
c
y

financial
and

output

per
f
o
r
mance;




ana
l
ysis

of

agen
c
y

b
udget
requirements
and

proposals;



contri
b
ution

to

the

d
e
v
elopment

of

major
projects
across

g
o
v
e
r
nment;



repo
r
ting

and

ana
l
ysis

of

infrast
r
ucture

b
udget
requirements
and
responsibility

f
or

d
e
v
elopment
of

the

T
e
r
rito
r
y

s

Infrast
r
ucture
Program;




management
of

financial
accountabilities

as

prescribed

in

the

Financial
Management
Act

(FMA);

and




p
r
udent

management of the

G
o
v
e
r
nment

s

loan
s
,
bo
r
rowings

and

i
n
v
estment
program
s
.

K
e
y

A
c
hi
e
v
ements

2012‑13
Budget

D
e
v
eloping

the

No
r
the
r
n

T
e
r
rito
r
y

Budget

is

one

of

T
reasu
r
y

s

prima
r
y
roles
and

a

major

an
n
ual

activit
y
.

T
he

2012‑13

Budget,

ta
b
led

in
P
a
r
liament

in

M
a
y

2012,
was

d
e
v
eloped

in

a

conti
n
uing

period

of
unce
r
tainty
in

the

global

econo
m
y

th
a
t

has

dampened

consumer

and

b
usiness

confidence

in

A
ustralia.

T
his

conti
n
u
a
tion

of

subdued
economic

conditions

a
t

the

n
a
tional l
e
v
el

contri
b
uted

to

a

fu
r
ther
reduction

in

G
o
v
e
r
nment

r
e
v
e
n
ue
s
,

most

nota
bl
y

the

goods

and
se
r
vices

tax

(GST)

and

mining

r
o
y
altie
s
,

pr
o
viding

considera
b
le
c
hallenges

in

d
e
v
eloping

the

T
e
r
rito
r
y

s

Budget.

In

an

e
f
f
o
r
t

to

o
f
fset
these

significant

r
e
v
e
n
ue

losse
s
,

T
reasu
r
y

pr
o
vided

G
o
v
e
r
nment

with

detailed

a
d
vice

in

the

lead

up

to

the

2012‑13
Budget

on

the
implic
a
tions

f
or

the

T
e
r
rito
r
y

s

financial

position

and

fiscal

str
a
teg
y
.
T
reasu
r
y

s

a
d
vice

was

aimed

a
t

ensuring

the

ongoing

commitment

to
e
xpenditure

restraint measures
in

order

to

restrict

oper
a
tional

growth.
In

addition,

a
d
vice

was

pr
o
vided

in

rel
a
tion

to

capital

spending

on

the
ba
c
k

of

a

positi
v
e

T
e
r
rito
r
y

economic

outlook
and

increasing

pri
v
a
te
sector

i
n
v
estment.

2010‑11

T
reasurer's

An
n
ual

Financial

R
epo
r
t

T
reasu
r
y

is

responsi
b
le

f
or

the

prepar
a
tion

of

the

T
reasurer's

An
n
ual

Financial

R
epo
r
t

(
T
AFR),

w
hi
c
h

in
c
ludes

the

audited

final

b
udget

outcome

f
or

the

y
ea
r
.

T
he

2010‑11

T
AFR

was

ta
b
led

in

the

Legisl
a
ti
v
e

Assem
bl
y

in

October

2011

and

pr
o
vided

a

complete

set

of

financial

st
a
tements

f
or

all

secto
r
s

as

required

b
y

n
a
tional

standard
s
.

It

also

in
c
luded

detailed

ana
l
ysis
on

the

end

of

y
ear

fiscal

position

and
appr
o
v
ed

Budget

v
ari
a
tions

in

accordance

with

the

FMA.


T
he

A
udito
r

General

issued

an

unqualified

audit

opinion

f
or

the

T
AFR,
a
g
ainst

A
ustralian Accounting

Standards

Board

(AASB)

1049
W
hole

of
G
o
v
e
r
nment

and

General

G
o
v
e
r
nment

Sector

Financial

R
epo
r
tin
g
.

2011‑12

Mid‑
Y
ear

R
epo
r
t

T
he

Fiscal

Int
e
grity

and

T
r
ansparen
c
y

Act

requires

the

release
of

a

mid‑
y
ear

fiscal

outlook
repo
r
t

ea
c
h

y
ea
r
.

T
he

2011‑12

Mid‑
Y
ear

R
epo
r
t

was

ta
b
led

in

the

Legisl
a
ti
v
e

Assem
bl
y

in

N
o
v
ember

2011
and
pr
o
vided

upd
a
ted

Budget

projections

from

the

M
a
y

2011
Budget

b
y
inco
r
por
a
ting

the

e
f
f
ect

of

the

2010‑11 outcom
e
,

new

and

e
xpanded
poli
c
y

decisions

and

r
e
vised

r
e
v
e
n
ue

estim
a
te
s
.

T
he

repo
r
t

also
pr
o
vided

upd
a
ted

financial

st
a
tements
on

a

sector

and

w
hole
of
g
o
v
e
r
nment

basis

in

line

with

the

r
e
vised

paramete
r
s
,

discussion

on
upd
a
ted

economic

estim
a
tes
and

the

fiscal

outlook
f
or

2011‑12
and
three
f
orward

y
ea
r
s
.







20
1
1
-
12

Annual

Report

13







Management
of

the
T
e
r
rito
r
y

s

Financial Assets
and

Liabilities

T
he

Conditions

of

Se
r
vice
R
ese
r
v
e

(COSR)

is

managed
b
y

the

T
reasu
r
y

Co
r
por
a
tion
on

behalf

of

Central
Holding

A
uthority

(CHA).

T
he

funds

are
managed

b
y

three
i
n
v
estment
manage
r
s:

AMP

Capital
I
n
v
esto
r
s

Limited,

Colonial

Fi
r
st
St
a
te

I
nv
estments

Ltd

and

M
L
C
Implemented

Consultin
g
.

T
he
COSR

fund

has

a

long‑te
r
m
i
n
v
estment

str
a
tegy

oriented
towards

growth

asset
s
,
su
c
h

as

A
ustralian

and

inte
r
n
a
tional
equitie
s
,

and

is

ben
c
hma
r
k
ed
a
g
ainst

the

A
ustralian
Superan
n
u
a
tion

Su
r
v
e
y
'Multi‑sector

Growth'
product
c
a
tego
r
y
.


As

a
t

30

J
une

2012,

the

COSR
is

v
alued

a
t

appr
o
xim
a
te
l
y

$435

million.

T
he

combined
long‑te
r
m

i
n
v
estments

held

in

the

COSR

retu
r
ned


0.39
per

cent

in

2011‑12,
consistent

with

the

ben
c
hma
r
k
retu
r
n
of


0.40
per

cent.

W
hile
this

sho
r
t‑te
r
m,

absolute
per
f
o
r
mance

is

a
f
f
ected

b
y
global

ma
r
k
et
s
,

dri
v
en

large
l
y
b
y

e
v
ents

in

Europ
e
,

the

fund
has

managed

to

out

per
f
o
r
m

its

ben
c
hma
r
k

o
v
er

a

3,

5,

7

and

10‑
y
ear

time

fram
e
,
w
hi
c
h

more
c
lose
l
y

reflects
the

i
n
v
estment

te
r
m

f
or

these
fund
s
.

Financial

Management

P
oli
c
y

D
e
v
elopment

T
reasu
r
y

is

responsi
b
le

f
or

administering

the

T
e
r
rito
r
y

s

financial
management framewo
r
k,
in
c
luding

the

FMA,

the

Fiscal Int
e
grity

and
T
r
ansparen
c
y

Act

and

the

T
reasurer

s

Direction
s
.

In

2011‑12,
wo
r
k
conti
n
ued

on

e
xpanding

the

range

of

T
reasurer

s

Directions

and

poli
c
y
briefs

to

impr
o
v
e

guidance

and

g
o
v
e
r
nance

practices

f
or

agencies

on

infrast
r
ucture

management,

Commonwealth

r
e
v
e
n
ue

and

the
d
e
v
elopment

of

N
a
tional

P
a
r
tne
r
ships

(NPs),

project

agreements
and
Implement
a
tion

Plans

(IPs)

esta
b
lished

under

the

Interg
o
v
e
r
nmental
Agreement

on

F
ederal

Financial

R
el
a
tions

(IGA).


In

addition

to

ongoing

poli
c
y

d
e
v
elopment,

the

FMA

was

amended

to
inco
r
por
a
te

c
hanges

required

to

implement

the

N
a
tional

Health

R
e
f
o
r
m
Agreement

(NHRA).

Major Projects Across

the
T
e
r
rito
r
y

T
reasu
r
y

conti
n
ues

to

be

i
n
v
ol
v
ed
in

the

ea
r
l
y d
e
v
elopment

stages

of

major

T
e
r
rito
r
y

G
o
v
e
r
nment

projects

and

initi
a
ti
v
e
s
,

to

assist in
pr
o
viding

a

better

unde
r
standing

of

project

resource

requirements
and
resource

a
v
ailabilit
y
.

In

2011‑12,
this

in
c
luded

the

funding

implic
a
tions
arising

from
the

n
a
tional

equal

re
m
uner
a
tion

case

f
or

the

social,
com
m
unity

and

disability

se
r
vices

secto
r
,

G
o
v
e
r
nment

s

response

to

the

Re
view

of

the

Y
outh

J
ustice

System

and

r
e
view

of

progress

a
g
ainst
recommend
a
tions

from
the

Board

of

Inqui
r
y

into

the

Child

Protection
System.

Bo
r
rowing

Program

As

the

T
e
r
rito
r
y

G
o
v
e
r
nment

s

central

financing

authorit
y
,

T
reasu
r
y
Co
r
por
a
tion

implements

the

G
o
v
e
r
nment

s

bo
r
rowing

program.

T
he
2011‑12 bo
r
rowing

requirement
was

significant
l
y

higher

than
2010‑11,
with

appr
o
xim
a
te
l
y

$906 million raised

to

refinance

m
a
turing

d
e
bt

and
additional

bo
r
rowings

f
or

T
e
r
rito
r
y

g
o
v
e
r
nment

agencie
s
,

b
usiness
divisions

and

co
r
por
a
tion
s
.

In

addition,

gi
v
en

the

v
ol
a
tility

in

credit
ma
r
k
ets

and

the

e
xpected

c
hallenging

conditions

remaining

in

2012‑13,
T
reasu
r
y

Co
r
por
a
tion

has

successful
l
y

pre‑funded

$492 million
of

the
2012‑13

program,

taking

total

bo
r
rowings

in

2011‑12
to

$1398
million.


Consistent
with

recent

y
ea
r
s
,

T
reasu
r
y

Co
r
por
a
tio
n

s

entire

bo
r
rowing
requirement
was

met

from

domestic

financial

and

retail
ma
r
k
et
s
.

T
he

b
ulk

of

the

funds

were raised

through

a

n
umber

of

medium

to
long‑te
r
m

fi
x
ed

interest securitie
s
,

issued

to

institutional
i
n
v
esto
r
s
through

pri
v
a
te

placement

and

pu
b
lic
issu
e
.

T
reasu
r
y

Co
r
por
a
tio
n

s
funding

requirements
in

2011‑12 resulted

in

the

esta
b
lishment

of

two

new

ben
c
hma
r
k

lines
of

bonds

to

N
o
v
ember

2017
and
September

2018.
T
e
r
rito
r
y

Bonds

contri
b
uted

appr
o
xim
a
te
l
y

$37

million
in

funding

f
or

the

y
ea
r
.





14

Achievements






T
he

cost

of

the

bo
r
rowing

target

f
or

2011‑12
was

r
e
vised

down

to

5

per

cent

from 6.50
per

cent

during

the

y
ear

to

reflect

lower outright

medium‑te
r
m

bond

r
a
tes

despite

the

e
xpansion

in

the

credit

margins

demanded
b
y

i
n
v
esto
r
s

f
or

semi‑g
o
v
e
r
nment

bond
s
.


T
he

actual

outcome

f
or

T
reasu
r
y

Co
r
por
a
tio
n

s

te
r
m

funding

was

4.97
per

cent,

0.03
per

cent

below

the
r
e
vised

b
udget

estim
a
t
e
.


T
he

weighted

a
v
erage

cost

of

bo
r
rowing

was

4.86
per

cent

if

sho
r
t‑te
r
m

promisso
r
y

note issuances

during
the

y
ear

are

in
c
luded.

Output

P
er
f
o
r
mance




Our

P
er
f
o
r
mance

Symbols

Completed

In

Progress

Ongoing



Priorities

f
or

2011‑12

St
a
tus

R
esults

in

2011‑12


Conti
n
ued
f
ocus

on

monitorin
g
,
d
e
v
elopment

and

pu
b
lic
a
tion

of
critical

w
hole
of

g
o
v
e
r
nment

financial
in
f
o
r
m
a
tion
in

the

Budget,

T
AFR

and
Mid‑
Y
ear

R
epo
r
t.



Conti
n
ue

to

pr
o
vide

a
d
vic
e
,
ana
l
ysis

and

assistance

on

w
hole
of

g
o
v
e
r
nment,

major
project

and

agen
c
y

resource

issues
as

required.


Ongoing

d
e
v
elopment

and
amendment

of

T
reasurer

s

Direction
s
,
with

impr
o
v
ement

to

the

agen
c
y
b
udget

management section

a

priority
f
or

2011‑12.

Final

testing

and

implement
a
tion

of

an

e
xpanded

infrast
r
ucture

repo
r
ting
system.

E
v
alu
a
te

ongoing

oppo
r
tunities

f
or
enhancement
to

w
hole
of

g
o
v
e
r
nment
b
udget

and

repo
r
ting

system
s
.

Implement

the

G
o
v
e
r
nment

s

2011‑12
bo
r
rowing

program.



2010‑11

T
AFR

released

October

2011.



2011‑12

Mid‑
Y
ear

R
epo
r
t

released

N
o
v
ember

2011.




T
reasurer

s

Qua
r
te
r
l
y

Financial

R
epo
r
t

released
December

2011,
F
e
b
r
ua
r
y

2012
and

M
a
y

2012.



2012‑13
Budget

released

1

M
a
y

2012.



T
reasu
r
y

has

been

i
n
v
ol
v
ed
in

the

d
e
v
elopment

stages
of

a

n
umber

of

commercial

and

infrast
r
ucture

projects
to

suppo
r
t

se
r
vice deli
v
e
r
y

as

well

as

major
poli
c
y
re
f
o
r
ms
and

r
e
view
s
.




New

T
reasurer

s

Directions

introduced

to

impr
o
v
e
guidance

and

g
o
v
e
r
nance

practices

f
or

agencies

on
infrast
r
ucture

management
and

the

d
e
v
elopment

of

NP
s
,

project

agreements
and

IPs

esta
b
lished

under

the
IGA.



T
esting

of

the

new

system
is

conti
n
uing

with

a
v
ailability
e
xpected

b
y

December

2012.





T
esting

of

system
upgrade

and

impr
o
v
ed

d
a
tabase
e
n
vironment

is

nearing

completion,

with

co
n
v
e
r
sion
planned

f
or

l
a
te

N
o
v
ember

2012.



Implemented

refinancing

and

a

new

bo
r
rowing
program,

with

$1398 million bo
r
rowed

in

2011‑12.











20
1
1
-
12

Annual

Report

15







Conti
n
ue

to

enhance

T
reasu
r
y

Co
r
por
a
tio
n

s

b
usiness

conti
n
uity
planning

and

co
r
por
a
te

g
o
v
e
r
nance
framewo
r
k.



Conti
n
ue

to

ensure
the

T
e
r
rito
r
y

s
funding

i
n
v
estment

liquidity
ben
c
hma
r
ks

are

met.








Future

Priorities



Risk

assessment

processes

r
e
viewed

and

amendments

made

to

month
l
y

compliance

repo
r
tin
g
.

Business
conti
n
uity

plan

in

place

and

wo
r
k
ed

with

T
reasu
r
y
In
f
o
r
m
a
tion

T
e
c
hnology

(IT)

Se
r
vices

to

impr
o
v
e

access
to

k
e
y

system
s
.



Funding

was

sourced

a
t

appr
o
xim
a
te
l
y

0.38
per

cent
o
v
er

AAA‑r
a
ted

semi‑g
o
v
e
r
nment

issue
r
s
, slight
l
y

below
the

r
e
vised

ben
c
hma
r
k

of

0.40
per

cent.

I
n
v
estment
retu
r
ns
on

the

CHA po
r
t
f
olio

were 0.32
per

cent

ab
o
v
e
ben
c
hma
r
k.

Liquidity

was

managed

throughout

the

y
ear

b
y

monitoring

and

f
orecasting

cash

flows
on

a

week
l
y

basis

and

unde
r
taking

bo
r
rowing

activity
slight
l
y

ahead

of

the

s
c
heduled

bo
r
rowing

program.



Pu
b
lish

a

Pre‑Election Fiscal

Outlook

repo
r
t

within
ten

d
a
ys

of

the

issue
of

a

writ

f
or

a

No
r
the
r
n

T
e
r
rito
r
y

general

election

as

required

b
y

the

Fiscal Int
e
grity

and

T
r
ansparen
c
y

Act
.



Prepar
a
tion

of

a

Mini

Budget.



Assist g
o
v
e
r
nment

in

the

d
e
v
elopment

of

the

2013‑14
Budget.




Conti
n
ue

f
ocus

on

monitorin
g
,

d
e
v
eloping

and

pu
b
lishing

critical

w
hole
of

g
o
v
e
r
nment

financial

in
f
o
r
m
a
tion
in

the

Budget

and

T
AFR.




Conti
n
ue

to

pr
o
vide

a
d
vic
e
,

ana
l
ysis

and

assistance

on

w
hole
of

g
o
v
e
r
nment

major
projects

and

agen
c
y
issues
th
a
t

h
a
v
e

resource

implic
a
tion
s
,

in
c
luding

n
a
tional

funding

agreement
s
.



Ongoing

d
e
v
elopment

and

amendment
of

T
reasurer

s

Direction
s
.



Final

testing

and

implement
a
tion

of

an

e
xpanded

infrast
r
ucture

repo
r
ting

system.




E
v
alu
a
te

ongoing

oppo
r
tunities

f
or

enhancement
to

w
hole
of

g
o
v
e
r
nment

b
udget

and

infrast
r
ucture
repo
r
ting

system
s
.



Implement

the

G
o
v
e
r
nment

s

2012‑13 bo
r
rowing

program.




Conti
n
ue

to

enhance

T
reasu
r
y

Co
r
por
a
tio
n

s

b
usiness

conti
n
uity

planning

and

co
r
por
a
te

g
o
v
e
r
nance
framewo
r
k.



Conti
n
ue

to

ensure
the

T
e
r
rito
r
y

s

fundin
g
,

i
n
v
estment

and

liquidity

ben
c
hma
r
ks

are

met.


















16

Achievements


Economi
c
Management






Str
a
tegic

Objecti
v
e

Quality

ana
l
ysis

and

pu
b
lic

poli
c
y

a
d
vice

on

economi
c
,
social

and

commercial

issues

Outputs

Deli
v
ered
Ana
l
ysis

and

poli
c
y

a
d
vice
on

n
a
tional

and

T
e
r
rito
r
y

economi
c
,

commercial,

social,
demographic

and

st
a
tistical
issue
s
.

K
e
y

A
c
hi
e
v
ements

N
a
tional

Disability

Insurance

S
c
heme

F
ollowing

the

release
of

the

Productivity

Commissio
n

s

final

repo
r
t

on

a
n
a
tional long‑te
r
m

disability

care

and

suppo
r
t

s
c
hem
e
,

C
O
A
G

agreed
on

re
f
o
r
m
of

disability

se
r
vices

through

the

introduction

of

a

NDI
S
,

in

A
ugust

2011.

T
he

NDIS

aims

to

pr
o
vide

appropri
a
te

li
f
etime
car
e
,
suppo
r
t,

thera
p
y

and

equipment

to

individuals

w
ho

h
a
v
e

a

disabilit
y
,
re
g
ardless

of

how

th
e
y

acquired

it.

T
he

s
c
heme

will

be

trialled

in

select
areas from
J
u
l
y

2013.

T
reasu
r
y

has

been

i
n
v
ol
v
ed
in

a

Commonwealth,
st
a
te

and

te
r
rito
r
y

wo
r
king

group

to

discuss

and

d
e
v
elop

k
e
y

design
and

threshold

issue
s
,
su
c
h

as

funding

and

g
o
v
e
r
nanc
e
,

w
hi
c
h

will
unde
r
pin

the

full

implement
a
tion

of

the

NDI
S
.

N
a
tural

Disaster

R
elief

and

R
ec
o
v
e
r
y

A
r
rangements

F
ollowing

the

e
xtensi
v
e

flooding

in

Queensland
in

l
a
te

2010
and

ea
r
l
y
2011,
the

Commonwealth
a
d
vised

st
a
tes

and

te
r
ritories
th
a
t

a

r
e
view
of

the

NDRRA

would

be

unde
r
ta
k
en
and

th
a
t

st
a
tes

and

te
r
ritories
would

be

required

to

submit

details

on

their essential
pu
b
lic assets
and

associ
a
ted

insurance

a
r
rangements
to

the

Commonwealth

Depa
r
tment

of

Finance
and

Deregul
a
tion

f
or

r
e
vie
w
.

Subsequent
l
y
,

the
Commonwealth

requested

th
a
t

local

g
o
v
e
r
nments

also

submit

their
asset
and

insurance

a
r
rangements
f
or

r
e
vie
w
.


T
reasu
r
y

was

responsi
b
le

f
or

preparing

the

submission

f
or

the

T
e
r
rito
r
y
G
o
v
e
r
nment

and

coordin
a
ting

f
or

the

T
e
r
rito
r
y

local

g
o
v
e
r
nment,

w
hi
c
h
were

submitted

in

September

2011
and

Mar
c
h

2012,
respecti
v
e
l
y
.
Fu
r
ther

wo
r
k

m
a
y

be

required

in

2012‑13
f
ollowing

the

release
of

a

repo
r
t

on

the

appropri
a
teness

of

insurance

a
r
rangements
b
y

the
Depa
r
tment

of

Finance
and

Deregul
a
tion.

St
a
tistical

Liaison

Netwo
r
k

T
reasu
r
y

officials

are

membe
r
s

o
f
,

and

pr
o
vide

secretari
a
t

t
o
,

the
T
e
r
rito
r
y

G
o
v
e
r
nment

s

St
a
tistical

Liaison

Netwo
r
k

(SLN),

w
hi
c
h

was
esta
b
lished

to

pr
o
vide

a

central

po
r
tal

f
or

d
a
ta

needs

and

capabilities
across

T
e
r
rito
r
y

G
o
v
e
r
nment

agencie
s
.


During

2011‑12,
T
reasu
r
y

coordin
a
ted

and

c
haired

a

SLN

meeting

in
M
a
y

2012,
with

a
ttendance

b
y

most

No
r
the
r
n

T
e
r
rito
r
y

G
o
v
e
r
nment
agencies

and

the

AB
S
.

T
he

P
o
r
t

of

Darwin

T
reasu
r
y
,

in

consult
a
tion

with

Darwin

P
o
r
t

Co
r
por
a
tion

and

the
Depa
r
tment

of

Lands

and

Plannin
g
,

assisted

in

the

d
e
v
elopment

of

the
Darwin

P
o
r
t

Co
r
po
r
ation

L
e
gislation

Amendment

Act

(N
o
.

11

of

2011)
(the

Act),

w
hi
c
h

was

assented

to

on

18

A
pril

2011.

T
he

Act

f
o
r
malises

a

non‑
exc
lusi
v
e

pilotage

licensing

framewo
r
k,

specifies

st
e
v
edoring
licence

criteria

and

esta
b
lishes

an

independent

appeals

me
c
hanism

f
or



20
1
1
-
12

Annual

Report

17







Housing

Supp
l
y

and
A
f
f
ordability

R
e
f
o
r
m
W
o
r
king

Group

2011‑12

T
reasu
r
y
,

along

with

the
Depa
r
tment

of

Lands
and

Planning
and

the

Depa
r
tment

of

Housin
g
,

Local
G
o
v
e
r
nment

and

R
egional
Se
r
vice
s
,

conti
n
ued

its
pa
r
ticip
a
tion

and

contri
b
ution
to

the

wo
r
k

program

of

the

Housing

Supp
l
y

and
A
f
f
ordability

R
e
f
o
r
m

(HSAR)
inte
r

g
o
v
e
r
nmental

wo
r
king
grou
p
.


T
he

Standing

Council

on
F
ederal

Financial

R
el
a
tions
presented

the

Final

Housing
Supp
l
y

and

A
f
f
ordability
R
e
f
o
r
m

R
epo
r
t

to

C
O
A
G

out
of

session
in

F
e
b
r
ua
r
y

2012.
T
he

repo
r
t

pr
o
vided

C
O
A
G

with

a

list

of

recommend
a
tions
aimed

a
t

impr
o
ving

the
efficien
c
y

of

housing

supp
l
y

and

a
f
f
ordabilit
y
.

K
e
y
recommend
a
tions

in

the

HSAR
final

repo
r
t

in
c
lude:




n
a
tional
l
y

consistent
principles

f
or

housing
d
e
v
elopment

infrast
r
ucture
c
harges;




gre
a
ter
consisten
c
y
in

planning

appr
o
v
al
processes;




an

ana
l
ysis

of

the
e
f
f
ecti
v
eness

of

the

Fi
r
st
Home

Owne
r
s

S
c
heme;

and




the

impact

of

a
f
f
orda
b
le
housing

initi
a
ti
v
e
s
.

st
e
v
edore
and

pilotage

licensing

decisions

to

enhance

transparen
c
y

in

the

licensing

proces
s
.


Commencement
of

the

Act

was

subject

to

consequential

amendments
to

po
r
t‑rel
a
ted

regul
a
tion
s
,

the

d
e
v
elopment

of

inst
r
uments
of
appointment

of

the

Harbou
r
master

and

the

prepar
a
tion

of

pilotage
te
c
hnical

and

sa
f
ety standards

th
a
t

are

required

to

be

pu
b
lished

b
y

the
Harbou
r
master

under

the

Act.


On

12

December

2011, sections

5(3),
5(4)

and

9

of

the

Act

were
commenced,

with

the

remaining

sections

commenced

on

4

J
u
l
y

2012.
In

addition,

on

4

J
u
l
y

2012, notices

a
d
vising

the

making

of

b
y‑l
a
w
s
,
Marine

(Pilotage) Amendment

R
egul
a
tion
s
,

appointment

of

the
Harbou
r
maste
r
,

the

te
c
hnical

and

sa
f
ety standards

f
or

pilotage

and

the
pr
o
vision
of

pilotage

se
r
vices

f
or

the

P
o
r
t

of

Darwin were
g
a
z
etted.

R
esidential

Building

C
o
v
er

P
a
c
kage

T
reasu
r
y
,

in

conjunction

with

the

Depa
r
tment

of

Lands

and

Plannin
g
,
has

been

wo
r
king
on

a

pa
c
kage

of

re
f
o
r
ms
to

impr
o
v
e

consumer
protection

f
or

home
b
uilde
r
s

in

the

No
r
the
r
n

T
e
r
rito
r
y
.

T
his

wo
r
k

has
in
c
luded

a
d
vice

on

options

f
or

potential

re
f
o
r
ms
to

the

Home
Building
Ce
r
tific
a
tion

Fund

(HBCF)

and

a
r
rangements
f
or

the

pr
o
vision
of
residential

b
uilding

c
o
v
er

products

in

the

No
r
the
r
n

T
e
r
rito
r
y
.


In

Mar
c
h

2012
the

Building

Amendment (
R
esidential

Building
Consumer Protection)
Bill

2011
was

passed

b
y

P
a
r
liament

and

is
s
c
heduled

to

commence

on

1

J
a
n
ua
r
y

2013.

T
reasu
r
y

has

pr
o
vided
input

on

the

esta
b
lishment

of

the

indust
r
y

fidelity

fund,

along

with
the

p
r
udential

and

financial

standards

th
a
t

the

fund

will

be

required

to

meet.

T
reasu
r
y

has

also

pr
o
vided

a
d
vice

on

the

management
and
financial

a
r
rangements
f
or

the

HBC
F
,

w
hi
c
h

will

be

c
losed

on

the
commencement

of

the

Bill.








18

Achievements






Economic

Pu
b
lic
a
tions

T
reasu
r
y

pr
o
vides

a

range

of

pu
b
lic
a
tions

th
a
t

ana
l
yse

k
e
y

economi
c
,
demographic

and

social

indic
a
to
r
s

as

a

basis

f
or

poli
c
y

d
e
v
elopment
b
y

G
o
v
e
r
nment.

T
he

pu
b
lic
a
tions

also

se
r
v
e
to

impr
o
v
e

a
warenes
s
,
quality

and

use

of

st
a
tistics

in

the

T
e
r
rito
r
y
.

Pu
b
lic
a
tions

released

through

2011‑12
in
c
lude:



the

No
r
the
r
n

T
e
r
rito
r
y

Econo
m
y

book

(as

pa
r
t

of

the

2012‑13

No
r
the
r
n

T
e
r
rito
r
y

Budget);



12

editions

of

the

T
e
r
rito
r
y

Economic

Re
vie
w
,

with

week
l
y

upd
a
tes;



11

editions

of

the

T
e
r
rito
r
y

Social

Indic
a
to
r
s;

and



151

economic

brief
s
.


Fu
r
ther

details

on

pu
b
lic
a
tions

released

throughout

2011‑12

are
pr
o
vided

in

the

Pu
b
lic
a
tions

section

of

this

repo
r
t.

Groce
r
y

Price
Su
r
v
e
y

T
he

Groce
r
y

Price

Su
r
v
e
y

was

conducted

in

December

2011

and

J
une

2012.

T
he

su
r
v
e
y

monito
r
s

groce
r
y

prices

b
y

measuring

the

cost
of

pur
c
hasing

an

a
v
erage

bas
k
et

of

goods

a
t

major
supe
r
ma
r
k
ets
across

the

T
e
r
rito
r
y
.

T
he

J
une

2012

su
r
v
e
y

c
o
v
ered

18

supe
r
ma
r
k
ets
across

the

T
e
r
rito
r
y

in
c
luding

the

W
oo
l
wo
r
ths

Supe
r
ma
r
k
et

in
Nhulun
b
uy

and

the

IGA

Supe
r
ma
r
k
et

in

Y
ulara.

No
r
the
r
n

T
e
r
rito
r
y

P
opul
a
tion

Projections

P
opul
a
tio
n

projection
s

h
a
v
e

bee
n

prepare
d

t
o

assis
t

i
n

futur
e

planning

o
f

th
e

T
e
r
rito
r
y

in
c
ludin
g

se
r
vic
e

deli
v
e
r
y

an
d

infrast
r
uctur
e

pr
o
vision
.

In
conjunctio
n

wit
h

Cha
r
le
s

Darwi
n

Uni
v
e
r
sit
y

(CDU)
,

T
reasu
r
y

pu
b
lished

a
n

upd
a
t
e

o
f

th
e

officia
l

No
r
the
r
n

T
e
r
rito
r
y

G
o
v
e
r
nmen
t

P
opul
a
tion
Projection
s

i
n

Septembe
r

2011
.

T
h
e

projection
s

ar
e

b
y

singl
e

y
ea
r

of
ag
e
,

gende
r

an
d

Indigenou
s

st
a
tu
s
,

f
o
r

th
e

perio
d

201
0

t
o

2040.


Projections
are

also

a
v
aila
b
le

f
or

the

six

T
e
r
rito
r
y

G
o
v
e
r
nment

st
a
tistical
regions

to

2026
b
y

fi
v
e‑
y
ear

age

group
s
,

Indigenous

st
a
tus
and

gende
r
.

Commercial
Projects

T
reasu
r
y

s

assessment

and

a
d
vice

on

commercial

projects

seeks
to
optimise

financial

and

se
r
vice deli
v
e
r
y

outcomes

a
t

an

appropri
a
te
l
e
v
el

of

risk.


During

2011‑12,

commercial

and

financial

assessment
and

a
d
vice

was
pr
o
vided

on

a

n
umber

of

G
o
v
e
r
nment

projects

in
c
luding:



the

Darwin

Co
r
rectional

Precinct

Pu
b
lic

Pri
v
a
te

P
a
r
tne
r
ship

Project;



the

Darwin Marine Supp
l
y

Base;
and



v
arious residential

land

release
project
s
.

2011
Census

T
reasu
r
y

wo
r
k
e
d

c
lose
l
y

with th
e

A
ustralian

Bureau

of
St
a
tistics

(
ABS
)

t
o

encourage
com
m
unit
y
an
d

T
e
r
rito
r
y
G
o
v
e
r
nmen
t

pa
r
ticip
a
tio
n

i
n

the
201
1

Censu
s
.

T
reasu
r
y
signed

a

collabor
a
ti
v
e

a
r
rangement
wit
h
th
e

AB
S
,

w
hi
c
h
unde
r
pinne
d
th
e

en
g
agement
betwee
n

T
reasu
r
y

an
d

the

AB
S

in
c
ludin
g

empl
o
ymen
t
of
T
e
r
rito
r
y

G
o
v
e
r
nmen
t

sta
f
f

on
th
e

Censu
s

project
.

A
s

a

result
o
f

th
e

a
r
rangement
,

about

4
0

empl
oy
ee
s

fro
m
T
e
r
rito
r
y
G
o
v
e
r
nmen
t

agencie
s

were
depl
oy
e
d

t
o

assis
t

th
e

AB
S

in
Census‑rel
a
te
d

activitie
s
.

T
he
majorit
y

wo
r
k
e
d

a
s

R
emote
Are
a

Mobil
e

T
ea
m

membe
r
s
goin
g

t
o

remot
e

area
s

t
o

assist
loca
l

com
m
unit
y
membe
r
s
en
g
age
d

b
y

th
e

AB
S

to
e
n
umer
a
t
e

loca
l

resident
s
.
Othe
r

sta
f
f

wer
e
en
g
age
d

as
specia
l

collecto
r
s

i
n

urban
loc
a
tion
s
.

T
hi
s

rol
e

i
n
v
ol
v
ed
wo
r
kin
g

wit
h

bot
h

th
e

ABS

an
d

loca
l

non‑g
o
v
e
r
nment
or
g
anis
a
tion
s

t
o

e
n
umer
a
te
loca
l

homeles
s

peopl
e
,
campe
r
s

livin
g

temporari
l
y

in

loc
a
tion
s
an
d

peopl
e

i
n

car
a
v
an
pa
r
k
s
.

T
hes
e

group
s

ar
e

often
misse
d

i
n

Censu
s

count
s

due

t
o

thei
r
transien
t

n
a
tur
e
.


A
n

initia
l

indic
a
to
r

o
f

the
succes
s

o
f

thi
s

collabor
a
tion
wa
s
a

reductio
n

i
n

the
Censu
s

undercoun
t

r
a
te

fro
m
7.
6

pe
r

cen
t

i
n

the

200
6
Censu
s

t
o

6.
9

pe
r

cen
t

in
th
e

201
1
Censu
s
.





20
1
1
-
12

Annual

Report

19






Output

P
er
f
o
r
mance




Our

P
er
f
o
r
mance

Symbols

Completed

In

Progress

Ongoing



Priorities

f
or

2011‑12

St
a
tus

R
esults

in

2011‑12


Conti
n
ue

to

ensure
the

T
e
r
rito
r
y
maintains
an

efficient

regul
a
to
r
y
framewo
r
k
f
or

b
usiness

and

indust
r
y
th
a
t

promotes

economic

d
e
v
elopment,
in
c
luding

meeting

n
a
tional
re
f
o
r
m
commitment
s
.

P
a
r
ticip
a
te

in

d
e
v
elopment

and
implement
a
tion

of

the

T
e
r
rito
r
y

s
electricity

ma
r
k
et re
f
o
r
m
program.






Conti
n
ue

to

pr
o
vide

a
d
vice

and
assistance

on

major
g
o
v
e
r
nment
projects

as

required.








Produce

month
l
y
social

indic
a
tor
pu
b
lic
a
tion
s
.




Conti
n
ue

to

pr
o
vide

a
d
vice

on

the
per
f
o
r
mance

of

the

T
e
r
rito
r
y

econo
m
y
and

demographic

issue
s
.




P
a
r
ticip
a
tion

in

the

implement
a
tion

of

v
arious

N
a
tional
P
a
r
tne
r
ship

Agreement

to

Deli
v
er

a

Seamless

N
a
tional
Econo
m
y

(SNE)

re
f
o
r
m
s
.








G
o
v
e
r
nment commenced

a

Guaranteed

Se
r
vice

L
e
v
el
s
c
hem
e
,

w
hi
c
h

prescribes

f
or

electricity

supplie
r
s

to

pr
o
vide

r
e
b
a
tes

to

custome
r
s

a
f
f
ected

b
y

poor
per
f
o
r
manc
e
.

Fu
r
the
r
,

an

Electricity

Standards

of
Se
r
vice

Code

has

been

d
e
v
eloped

and

is

e
xpected

to
be

finalised

in

N
o
v
ember

2012.



Assisted

in

a
c
hi
e
ving

financial

c
lose

on

the

Darwin
Co
r
rectional

Precinct

Pu
b
lic

Pri
v
a
te

P
a
r
tne
r
ship

Project
and

pr
o
vided

commercial

and

financial

assessment

and

a
d
vice

on

other
agen
c
y

project
s
.

T
reasu
r
y
pa
r
ticip
a
ted

in

the

ev
alu
a
tion

of

the

bids

f
or

the

Marine Supp
l
y

Base Project,
and

negoti
a
tions

with

the
pre
f
e
r
red

proponent.

An

agreement

was

rea
c
hed

and
finalised

with

ShoreAsco
in

A
pril

2012.



T
reasu
r
y

prepared

11

Social

Indic
a
tor

pu
b
lic
a
tions
during

2011‑12,
w
hi
c
h

summarise
pu
b
li
c
l
y

a
v
aila
b
le
d
a
ta

on

the

st
a
te

and

te
r
rito
r
y

and

n
a
tional

social

and
demographic

c
haracteristic
s
.



Pu
b
lished

No
r
the
r
n

T
e
r
rito
r
y

Econo
m
y
,

a

Budget‑rel
a
ted
document

th
a
t

pr
o
vides

a

comprehensi
v
e

an
n
ual

r
e
view
of

the

T
e
r
rito
r
y

econo
m
y

as

well

as

f
orecasts

f
or

major
economic

paramete
r
s

and

industrie
s
.




Pu
b
lished

week
l
y economic

briefs

on

k
e
y

economic
and

demographic

paramete
r
s
.




Pu
b
lished

week
l
y

upd
a
tes

of

the

T
e
r
rito
r
y

Economic
Re
vie
w
,

a

summa
r
y
pu
b
lic
a
tion

of

k
e
y

economic

and
demographic

paramete
r
s

released

in

the

month.








20

Achievements










Conti
n
ue

to

monitor
groce
r
y

prices

across

the

T
e
r
rito
r
y
.


Collabor
a
tion

with

ABS

to

impr
o
v
e

the
quality

and

accura
c
y

of

the

T
e
r
rito
r
y
Census
count

in

2011.




Future

Priorities



Pu
b
lished

the

findings

of

groce
r
y

price

su
r
v
e
ys

conducted

in

J
une

2011

and

December

2012.




Depl
o
yment

of

sta
f
f to

assist

ABS

in

Census‑rel
a
ted
activitie
s
,

pa
r
ticula
r
l
y

in

remote

area
s
.

Census

c
o
v
erage
impr
o
v
ed

with

93.1
per

cent

of

the

T
e
r
rito
r
y

s

popul
a
tion
counted

in

the

2011 Census
compared

to

92.4
per

cent
in

the

2006
Censu
s
.



Conti
n
ue

to

ensure
the

T
e
r
rito
r
y

maintains

an

efficient

regul
a
to
r
y

framewo
r
k
f
or

b
usiness

and

indust
r
y

th
a
t

promotes

economic

d
e
v
elopment,

in
c
luding

meeting

n
a
tional re
f
o
r
m commitment
s
.



P
a
r
ticip
a
te

in

d
e
v
elopment

and

implement
a
tion

of

the

T
e
r
rito
r
y

s

electricity

ma
r
k
et

re
f
o
r
m

program.



Conti
n
ue

to

pr
o
vide

a
d
vice

and

assistance

on

major g
o
v
e
r
nment

projects

as

required.




Conti
n
ue d
e
v
elopment

of

economi
c
,

social

and

demographic

ana
l
ysis

and

f
orecasting

capacit
y
,

and
contri
b
ute

to

w
hole
of

g
o
v
e
r
nment

planning

f
or

future growth

and

se
r
vice
enhancement.




Liaise
with

ABS

to

ev
alu
a
te

the

outcomes

of

the

2011 Census
and

d
e
v
elop

str
a
tegies

to

optimise

the
outcomes

of

the

n
e
xt

census

in

2016.




R
est
r
ucture

and

upd
a
te

the

popul
a
tion

projections

model,

in

conjunction

with

CD
U
,

based

on

d
a
ta

from
the
2011
Censu
s
.



Conti
n
ue

to

enhance

f
orecasting

and

economic

and

demographic

modelling

capacitie
s
.

































20
1
1
-
12

Annual

Report

21


Interg
o
v
e
r
nmenta
l

R
el
a
tions






Str
a
tegic

Objecti
v
e

E
f
f
ecti
v
e

interg
o
v
e
r
nmental

financial

rel
a
tions


Outputs

Deli
v
ered
Ana
l
ysis

and

poli
c
y

a
d
vice

on
interg
o
v
e
r
nmental

financial
rel
a
tions

issues

in
c
luding
management
of

the

T
e
r
rito
r
y

s
interests
under

the

IGA

and
other
pu
b
lic
finance

m
a
tte
r
s
.

K
e
y

A
c
hi
e
v
ements

Interg
o
v
e
r
nmental

Agreement

on
F
ederal

Financial
R
el
a
tions
R
e
f
o
r
m

In

2011‑12,

T
reasu
r
y

conti
n
ued

to

pl
a
y

an

acti
v
e

role

in

the
implement
a
tion

of

the

IGA,
both

within
the

T
e
r
rito
r
y

and

n
a
tional
l
y
.

T
his
in
c
luded

i
n
v
ol
v
ement

in

the

d
e
v
elopment

and

implement
a
tion

of

NP
s
.


T
reasu
r
y

has

wo
r
k
ed

c
lose
l
y

with

the

Depa
r
tment

of

the

Chief

Minister
and

rel
ev
ant

G
o
v
e
r
nment agencies

to

d
e
v
elo
p
,

negoti
a
te

and

monitor
the

suite
of

funding

agreements

esta
b
lished

under

the

IGA.
In

2011‑12,
T
reasu
r
y

was

pa
r
t

of

the

T
e
r
rito
r
y

G
o
v
e
r
nment

s

core

negoti
a
ting

team i
n
v
ol
v
ed

in

the

d
e
v
elopment

of

the

Stronger

Futures

No
r
the
r
n
T
e
r
rito
r
y

N
a
tional

P
a
r
tne
r
ship

Agreement.

T
reasu
r
y

was

also

i
n
v
ol
v
ed

in

progress

r
e
views
of

the

per
f
o
r
mance

framewo
r
ks
of

s
e
v
eral

n
a
tional
agreement
s
,

in
c
luding

the

N
a
tional Disability

Agreement,

the

N
a
tional
A
f
f
orda
b
le

Housing

Agreement,

the

N
a
tional Healthcare

Agreement
and

the

N
a
tional

Educ
a
tion

Agreement.


In

2011‑12,

T
reasu
r
y

also

conti
n
ued

to

pa
r
ticip
a
te

in

a

range

of

other
f
o
r
ums progressing

f
ederal

financial

rel
a
tions m
a
tte
r
s
in
c
luding

Heads
of

T
reasuries

(Ho
T
s),

Ho
T
s

Deputies

and

the

GST

Administr
a
tion
Sub‑committe
e
.

Commonwealth Grants
Commission

In

2011‑12,

T
reasu
r
y

pr
o
vided

input

to

the

Commonwealth
Grants
Commission's (CGC) wo
r
k program,

in
c
ludin
g

th
e

R
epo
r
t

o
n

GST
Re
v
e
n
u
e

Sharin
g

R
el
a
tivitie
s



201
2
Upd
a
t
e
.

T
reasu
r
y

s

input

in
c
luded
pr
o
viding

the

CGC
with

d
a
ta

and

submissions
to

its

New Issues
f
or

the
2012
Upd
a
te

Discussion

P
ape
r
.


T
he

CGC

has

commenced

wo
r
k

on

the

n
e
xt

major

r
e
view

of

st
a
te
r
e
v
e
n
ue

sharing

rel
a
tivitie
s
.

T
he

CGC

s

prelimina
r
y

wo
r
k

program

is
f
ocused

on

impr
o
ving

the

quality

of

the

d
a
ta

used

in

the

methodology
f
or

dete
r
mining

st
a
te

GST

share
s
.

T
reasu
r
y

officials

are

pa
r
ticip
a
ting

in
this

process

through

the

CGC

s

D
a
ta

W
o
r
king

P
a
r
t
y
.

Goods

and

Se
r
vices

T
ax

T
reasu
r
y

conti
n
ued

to

monitor
and

pr
o
vide

a
d
vice

on

c
hanges
in

the
unde
r
l
ying

paramete
r
s

th
a
t

dete
r
mine
the

T
e
r
rito
r
y

s

GST

r
e
v
e
n
ue
shar
e
,

in
c
luding

popul
a
tion,

n
a
tional

GST

collections

and

the

CGC

s
recommended GST

r
e
v
e
n
ue

sharing

rel
a
tivitie
s
.

T
reasu
r
y

also

pr
o
vided

a
d
vice

to

G
o
v
e
r
nment

on

a

range

of

GS
T

rel
a
ted

legisl
a
ti
v
e

proposals

b
y

the

Commonwealth throughout

the
y
ea
r
,

in

order

to

protect

the

GST

bas
e
.








22

Achievements






R
e
view

of

GST

Distri
b
ution

On

30

Mar
c
h

2011,
the

Prime

Minister

announced

the

Re
view

of

GST

Distri
b
ution

(the

Re
view),

w
hi
c
h

is

considering

w
hether

the

cu
r
rent

a
r
rangements
f
or

distri
b
uting

GST

r
e
v
e
n
ue

between

st
a
tes

and

te
r
ritories
are

appropri
a
te

to

allow

A
ustralia

to

respond

to

future
c
hallenge
s
,

in
c
luding

conti
n
ued

globalis
a
tion,

c
lim
a
te

c
hang
e
,
popul
a
tion

growth

and

demographic

c
hang
e
,
c
hanges
in

te
c
hnology
and

addressing

Indigenous

disa
d
v
antag
e
.

T
he

Re
view

is

being
unde
r
ta
k
en
b
y

a

panel

comprising

the

Hon

Ni
c
k

Greiner
A
C
,

the

Hon

J
ohn B
r
um
b
y

and

Mr

B
r
uce

Ca
r
te
r
.


In

considering

the

methodology

f
or

distri
b
uting

GST

r
e
v
e
n
u
e
,

the
Re
view

P
anel

will

h
a
v
e

re
g
ard

to

equit
y
,

efficien
c
y
,

simplicity

and
b
udget

stabilit
y
.


T
reasu
r
y

has

pr
o
vided

three submissions
to

the

Re
vie
w
,

w
hi
c
h
comprehensi
v
e
l
y

address

the

Re
view

P
anel

s

Issues

P
ape
r
s

and

Interim
R
epo
r
t
s
.

T
he
Re
view

P
anel

is

e
xpected

to

submit

its

Final

R
epo
r
t

to

the
Commonwealth

T
reasurer

in

October

2012,

f
or

consider
a
tion

b
y

the
Council

of

A
ustralian

G
o
v
e
r
nments

(C
O
A
G)

b
y

the

end

of

2013.

Indigenous

Expenditure

T
reasu
r
y

officials

are

membe
r
s

of

the

Steering Committee

f
or

the
Re
view

of

G
o
v
e
r
nment

Se
r
vice

Pr
o
vision

and

the

IER

W
o
r
king

Grou
p
,
w
hi
c
h

is

responsi
b
le

f
or

preparing

the

n
a
tional

IER.

T
he n
a
tional

IER

is

a

C
O
A
G

initi
a
ti
v
e

designed

to

pr
o
vide

a

n
a
tional

framewo
r
k

f
or
repo
r
ting

of

g
o
v
e
r
nment

e
xpenditure

on

se
r
vices

to

Indigenous

peopl
e
.


During

2011‑12,
T
reasu
r
y

contri
b
uted

to

wo
r
k
in

preparing

the

second
n
a
tional

IER,

released

in

September

2012.

T
reasu
r
y

s

i
n
v
ol
v
ement
in
c
luded

pr
o
viding

input

through

interg
o
v
e
r
nmental

wo
r
king

groups

on
the

methodology

f
or

estim
a
ting Indigenous

shares

and

pr
o
viding

the
requested

d
a
ta

to

allow
the

Productivity

Commission
to

estim
a
te

the
T
e
r
rito
r
y

G
o
v
e
r
nment

s

Indigenous‑rel
a
ted

e
xpenditur
e
.


T
reasu
r
y

will

conti
n
ue

to

pa
r
ticip
a
te

in

the

biennial

repo
r
ting

of
g
o
v
e
r
nment

e
xpenditure

on

se
r
vices

f
or

Indigenous

people

in

the
n
a
tional

IER.

Health
R
e
f
o
r
m

During

2011‑12,
T
reasu
r
y
contri
b
uted

to

the

d
e
v
elopment
of

the

NHRA,

agreed

b
y

all
g
o
v
e
r
nments

in

A
ugust

2011.


A

k
e
y

aim

of

the

NHRA

is

to
pr
o
vide

a

more secure

funding
base

f
or

hospital
s
,

w
hi
c
h
in
c
ludes

sharing

of

funding
responsibilities

between

the

Commonwealth
and

the
st
a
te
s
,

the

implement
a
tion

of
activity‑based

hospital

funding
and

the

esta
b
lishment

of
Hospital

Netwo
r
k
s
,
responsi
b
le
f
or

managing

small

groups

of
hospital
s
.

How
e
v
e
r
,

st
a
tes

will
retain
o
v
erall

responsibility

of
hospitals

through

their
role

as
system
manage
r
s
.


T
reasu
r
y

officials

will

conti
n
ue
to

acti
v
e
l
y
pa
r
ticip
a
te

in

the
v
arious

interg
o
v
e
r
nmental

and
T
e
r
rito
r
y

G
o
v
e
r
nment

wo
r
king
group
s
,

w
hi
c
h

are

responsi
b
le
f
or

implementing

the

NHRA.


















20
1
1
-
12

Annual

Report

23






Output

P
er
f
o
r
mance




Our

P
er
f
o
r
mance

Symbols

Completed

In

Progress

Ongoing




Priorities

f
or

2011‑12

St
a
tus

R
esults

in

2011‑12


Acti
v
e
l
y

pa
r
ticip
a
te

in

the

ongoing
implement
a
tion

of

the

IGA

in
c
luding:




pr
o
viding

a
d
vice

to

No
r
the
r
n
T
e
r
rito
r
y

agencies

on

specific
agreements
under

the

IGA;
and




pa
r
ticip
a
tion

in

rel
ev
ant

Ho
T
s
f
o
r
um
s
.




P
a
r
ticip
a
tion

in

the

CGC 2012
Upd
a
te
and

CGC

D
a
ta

W
o
r
king

P
a
r
t
y
.








P
a
r
ticip
a
tion

in

the

d
e
v
elopment

of
the

2012
IER.




P
a
r
ticip
a
tion

in

the

Re
view

of

GST
Distri
b
ution.




Acti
v
e
l
y

pa
r
ticip
a
te

in

the

negoti
a
tion
and

implement
a
tion

of

the

NHRA.




T
reasu
r
y

has

conti
n
ued

its

i
n
v
ol
v
ement

in

the
implement
a
tion

of

the

IGA, pa
r
ticula
r
l
y

the

pr
o
vision
of

a
d
vice

re
g
arding

N
a
tional

Agreements

(NAs),

NPs
and

IP
s
,

in
c
luding

those pe
r
taining

to

the

T
e
r
rito
r
y

s

per
f
o
r
mance

and

the

d
e
v
elopment

of

new

and

r
e
vised
NPs

and

IP
s
.




T
reasu
r
y

pa
r
ticip
a
ted

in

the

n
a
tional

r
e
view

of

NA
s
,
NPs

and

IPs

and

is

conti
n
uing

to

be

i
n
v
ol
v
ed
in

its
implement
a
tion.



T
reasu
r
y

pr
o
vided

input

into

the

2012
Upd
a
te

through
pr
o
vision
of

T
e
r
rito
r
y

d
a
ta

and

submission

to

the
CGC

s

Discussion

P
aper



New Issues
f
or

the

2012

Upd
a
t
e
.

T
reasu
r
y

is

also

a

member

of

the

CGC

s

D
a
ta
W
o
r
king

P
a
r
t
y
,

w
hi
c
h

was

esta
b
lished

to

impr
o
v
e

the
quality

of

d
a
ta

used

in

the

CGC

s methodology

f
or

the
n
e
xt

r
e
vie
w
.



T
reasu
r
y

has

an

ongoing

role

in

the

d
e
v
elopment

of
the

second

n
a
tional

IER

through

its

membe
r
ship

on

the

Steering Committee

f
or

the

Re
view

of

G
o
v
e
r
nment
Se
r
vices

and

the

IER

W
o
r
king

Grou
p
.



T
reasu
r
y

prepared

comprehensi
v
e

submissions
to

the
Re
view

of

GST

Distri
b
ution

on

behalf

of

the

T
e
r
rito
r
y
G
o
v
e
r
nment,

w
hi
c
h

responded

to

the

Re
view

P
anel

s
issues
pape
r
s

and

interim
repo
r
t
s
.



T
reasu
r
y

pa
r
ticip
a
ted

in

wo
r
king
groups

with
Depa
r
tment

of

Health officials

and

interg
o
v
e
r
nmental
wo
r
king
groups

in

order

to

negoti
a
te

the

te
r
ms
of

the
NHRA

and

its

implement
a
tion

in

the

T
e
r
rito
r
y
.
















24

Achievements






Future

Priorities



Acti
v
e
l
y

pa
r
ticip
a
te

in

the

ongoing

implement
a
tion

of

the

IGA

in
c
luding:




pr
o
viding

a
d
vice

to

T
e
r
rito
r
y

G
o
v
e
r
nment

agencies

on

specific

agreements
under

the

IGA,
in
c
luding
finalis
a
tion

of

T
reasurer

s

Directions

f
or

NA
s
,

NPs

and

IPs;




implement
a
tion

of

NA

and

NP

per
f
o
r
mance

framewo
r
ks

th
a
t

are

conceptual
l
y

v
alid

and

suppo
r
ted

b
y
ro
b
ust

d
a
ta;



ongoing

pa
r
ticip
a
tion

in

the

implement
a
tion

of

the

Ho
T
s

Re
view;

and



pa
r
ticip
a
tion

in

rel
ev
ant

Ho
T
s’

f
o
r
um
s
.



Ongoing

pa
r
ticip
a
tion

in

the

d
e
v
elopment

of

IER.



Acti
v
e
l
y

pa
r
ticip
a
te

in

the

implement
a
tion

of

the

NHRA.



P
a
r
ticip
a
te

in

CGC wo
r
king

groups

in

prepar
a
tion

f
or

the

n
e
xt

major methodology

r
e
vie
w
.
















































20
1
1
-
12

Annual

Report

25


R
e
v
e
n
u
e

Management






Str
a
tegic

Objecti
v
e

A

fair

and

efficient

T
e
r
rito
r
y

r
e
v
e
n
ue

system

Outputs

Deli
v
ered
Administr
a
tion

and

management
of

the

T
e
r
rito
r
y

s

r
e
v
e
n
ue
framewo
r
k
encompassing:



poli
c
y

and

legisl
a
ti
v
e

a
d
vice;




r
e
v
e
n
ue

collection

in
c
luding
taxp
ay
er

management;



compliance

activities;




administr
a
tion

of

home
assistance

s
c
hemes;



r
o
y
alty

administr
a
tion;

and




com
m
unity

a
wareness

and
a
d
viso
r
y

se
r
vice
s
.

K
e
y

A
c
hi
e
v
ements

Changes

to

the

T
e
r
rito
r
y

T
ax

System

A

range

of

c
hanges

were

made

to

system
s
, pu
b
lic
a
tions

and

processes

to

implement

the

2011‑12
Budget

r
e
v
e
n
ue

measure
s
.

In

addition,

legisl
a
ti
v
e

c
hanges

were
made

as

pa
r
t

of

the

2012‑13
Budget

th
a
t

are

summarised
in

the

Legisl
a
ti
v
e

Changes

2011‑12 section

of

this

repo
r
t.

Home Owne
r
ship

Incenti
v
e

S
c
hemes

As

pa
r
t

of

the

2011‑12
Budget,

T
reasu
r
y

d
e
v
eloped

and

implemented
the

framewo
r
k
f
or

the

BuildBo
n
us

grant

s
c
hem
e
.

T
his

administr
a
ti
v
e
s
c
heme

pr
o
vides

a

one‑o
f
f

$10

000

grant

f
or

owne
r

b
uilde
r
s

and

home
b
u
y
e
r
s
,

in
c
luding

i
n
v
esto
r
s
,

w
ho

are

b
uilding

or

pur
c
hasing

a

new

home
up

to

the

v
alue

of

$600

000.

T
he

s
c
heme

applies

to

contracts
and

owne
r

b
uilder

commencements

up

to

31

December

2012.

T
he
s
c
heme

was

e
xtended

twice

during

2011‑12,
with

the

v
alue

threshold
increased

from $530
000

to

the

cu
r
rent

l
e
v
el

of

$600
000.

In
f
o
r
m
a
tion

System

D
e
v
elopments

In

2011‑12,
a

d
a
ta

warehous
e
, associ
a
ted

b
usiness

intelligence
pl
a
t
f
o
r
m
and

repo
r
ting

system were successful
l
y

implemented.
Business

Intelligence

is

a

tool

used

b
y

most regul
a
to
r
y

agencies
to

increase

d
a
ta

holding

and

ana
l
ysis capabilitie
s
.

It

will

facilit
a
te

impr
o
v
ed

and

time
l
y

repo
r
tin
g
,

more

accur
a
te

compliance

targeting
through

d
a
ta

m
a
t
c
hing

and

predicti
v
e

ana
l
ysi
s
.


F
ollowing

the

comprehensi
v
e

b
usiness

process

mapping

unde
r
ta
k
en
in
2010‑11,
a

str
a
tegic

refresh

of

the

priorities

f
or

d
e
v
elopment

of

a

new
tax

and

r
o
y
alty

administr
a
tion

led

to

a

f
ocus

on

an

a
f
f
orda
b
le

solution
th
a
t

reduced

reliance

on

e
xte
r
nal
l
y
contracted

programming

resource
s
.
T
he

integr
a
tion

and

upgrading

of

cu
r
rent

systems
will

be

unde
r
ta
k
en,
in
c
luding

deli
v
ering

impr
o
v
ements

to

e
xisting

online
processing

of
p
a
yroll

tax,

the

introduction

of

online
processing

of

stamp

dutie
s
,

mining

r
o
y
altie
s
,

and

racing

and

g
aming

ta
x
e
s
.


Final
l
y
,

a

successful

rec
r
uitment
process

was

unde
r
ta
k
en
to

cre
a
te

a
capa
b
le

in
f
o
r
m
a
tion systems
unit,

enhancing

capabilities

in

b
usiness
ana
l
ysis

and

b
usiness

systems
suppo
r
t.
















26

Achievements






Output

P
er
f
o
r
mance




Our

P
er
f
o
r
mance

Symbols

Completed

In

Progress

Ongoing




Priorities

f
or

2011‑12

St
a
tus

R
esults

in

2011‑12

Conti
n
ue
b
usiness

in
f
o
r
m
a
tion
system
d
e
v
elopment

and

enhancement
b
y:



completing

functional

and
non‑functional

specific
a
tions

f
or

a
new

r
e
v
e
n
ue

administr
a
tion

system;

Comprehensi
v
e

b
usiness

process

mapping

and

g
ap
ana
l
ysis

was

unde
r
ta
k
en
leading

to

the

decision

to
implement

modula
r
,

scala
b
le

upgrade

of

e
xisting

system
s
.




finalising

request

f
or

tender
document
a
tion

f
or

d
e
v
elopment

of
an

integr
a
ted

IT

solution

to

replace
mainframe
and

supplementa
r
y
systems;
and



d
e
v
eloping

a

d
a
ta

warehouse
to
ena
b
le

more e
f
f
ecti
v
e

ana
l
ysi
s
,
repo
r
ting

of

in
f
o
r
m
a
tion
and

to
suppo
r
t

r
e
v
e
n
ue

compliance
activitie
s
.

D
e
v
elop

and

implement

2012‑13

Budget‑rel
a
ted

r
e
v
e
n
ue

option
s
.




Enhance

r
e
v
e
n
ue

administr
a
tion
practices

and

legisl
a
tion.









Future

Priorities


Initial
scope

d
e
v
eloped

f
or

tender

document
a
tion,

w
hi
c
h
will

be

released

in

2012‑13.






D
a
ta

warehous
e
,

associ
a
ted

b
usiness

intelligence

pl
a
t
f
o
r
m
and

repo
r
ting

system were successful
l
y

implemented.






Legisl
a
tion

commenced

from
J
u
l
y

2012,
in
c
luding
c
hanges
to

the

p
a
yroll

tax

ex
emption

f
or

parental

le
a
v
e
and

c
larific
a
tion

of

the

tax
a
tion

pr
o
visions

in

the

Gaming
Control
Act
.

Enhancement
s

wer
e
mad
e

t
o

T
e
r
rito
r
y

s

r
e
v
e
n
ue
administr
a
tio
n

practice
s

i
n

lin
e

wit
h
legisl
a
ti
v
e

c
hanges
commencin
g

durin
g

th
e

y
ea
r
.


Progressed

r
e
view
of

tax
a
tion

and

r
o
y
alty

administr
a
tion
legisl
a
tion.


Progressed

r
e
view
of

Commissioner

s

tax
a
tion

and

r
o
y
alty
dele
ga
tion
s
.



Conti
n
ue
b
usiness

in
f
o
r
m
a
tion system d
e
v
elopment

and

enhancement
b
y:



completing

integr
a
tion

and

upgrading

of

cu
r
rent

systems;



commence

implement
a
tion

of

modular

upgrade

of

r
e
v
e
n
ue

administr
a
tion

systems;

and



conti
n
ue

d
e
v
elopment

of

d
a
ta

warehouse
and

repo
r
ting

systems

to

ena
b
le

more e
f
f
ecti
v
e

ana
l
ysi
s
,
repo
r
ting

of

in
f
o
r
m
a
tion
and

to

suppo
r
t

r
e
v
e
n
ue

compliance

activitie
s
.



D
e
v
elop

and

implement

2013‑14 Budget‑rel
a
ted

r
e
v
e
n
ue

option
s
.



Conti
n
ue

to

enhance

r
e
v
e
n
ue

administr
a
tion

practices

and

legisl
a
tion.



20
1
1
-
12

Annual

Report

27


Superan
n
u
a
tion






Str
a
tegic

Objecti
v
e

E
f
f
ecti
v
e

pu
b
lic sector

superan
n
u
a
tion

a
r
rangements

Outputs

Deli
v
ered
Superan
n
u
a
tion

poli
c
y

f
or
G
o
v
e
r
nment

and

administr
a
tion
of

G
o
v
e
r
nment‑managed
superan
n
u
a
tion

s
c
heme
s
,
in
c
luding

the

rel
a
tionship
between

n
a
tional
and

T
e
r
rito
r
y
legisl
a
tion

and

a
d
vice

and
assistance

to

i
n
v
estment

and
r
e
view

board
s
.

K
e
y

A
c
hi
e
v
ements

Superan
n
u
a
tion

R
e
f
o
r
m

Project

Progress conti
n
ues

to

be

made

on

the

Superan
n
u
a
tion

R
e
f
o
r
m

project,
w
hi
c
h

is

r
e
viewing

the

administr
a
tion

of

the

T
e
r
rito
r
y

s

pu
b
lic sector
superan
n
u
a
tion

s
c
heme
s
.

Stage
2

of

the

R
e
f
o
r
m

Project

i
n
v
ol
v
es

a

n
umber

of

c
hange
s
,

in
c
luding:



e
xpanding

the

Superan
n
u
a
tion

T
r
ustee

Board

(STB);



mode
r
nisin
g

thre
e
s
c
heme
s

(No
r
the
r
n

T
e
r
rito
r
y

G
o
v
e
r
nmen
t

an
d

Pu
b
lic
A
uthorities
'

Superan
n
u
a
tio
n

S
c
hem
e

(N
T
G
P
ASS)
,

No
r
the
r
n

T
e
r
rito
r
y
Supplementa
r
y

Superan
n
u
a
tio
n

S
c
hem
e

(NTSSS
)

an
d

No
r
the
r
n
T
e
r
rito
r
y

G
o
v
e
r
nmen
t

De
a
t
h

an
d

I
n
v
alidit
y

S
c
hem
e

(N
T
GDIS));



replacing

the

Superan
n
u
a
tion

Re
view

Board

with

the

Superan
n
u
a
tion
Complaints

T
ri
b
unal;

and



amal
g
am
a
ting

T
e
r
rito
r
y

superan
n
u
a
tion

legisl
a
tion

f
or

all

s
c
hemes
(
ex
cept

the

Supreme Cou
r
t

J
udges

P
ension

S
c
heme)

into

one

Act.
Legisl
a
tion

has

been

introduced

f
or

the

e
xpansion

of

the

ST
B
.

Drafting

of

legisl
a
tion

f
or

the

remaining

Stage

2

c
hanges
will

conti
n
u
e
.

Electronic

R
ecords

Project

Conti
n
uing

on

from
the

project

to

scan

around

9000
acti
v
e

member
records

in

the

pr
e
vious

y
ea
r
,

scanning

of

appr
o
xim
a
te
l
y

4000
creditor
records

was

unde
r
ta
k
en
in

2011‑12.

T
hese

membe
r
s’

records

are

now

ful
l
y

electroni
c
,

resulting

in

administr
a
ti
v
e

efficiencie
s
.

Electronic
retention
of

v
arious

records

will

conti
n
ue

as

pa
r
t

of

conti
n
uous
b
usiness

impr
o
v
ement

practice
s
.

Member

Educ
a
tion

T
he Superan
n
u
a
tion

Office

aims
to

pr
o
vide

in
f
o
r
m
a
ti
v
e

m
a
terial

to
assist membe
r
s

in

unde
r
standing

their

N
T
G
P
ASS

entitlement
s
,

as

well
as

superan
n
u
a
tion

in

general.

In
f
o
r
m
a
tion
is

a
v
aila
b
le

through

a

range
of

pu
b
lic
a
tion
s
,

in
c
luding

f
o
r
m
s
,

fact

sheets
and

in
f
o
r
m
a
tion book
s
,

as
well

as

our

w
e
bsite

content

and

in
f
o
r
m
a
tion

semina
r
s
.

In
f
o
r
m
a
tion

is
k
ept

up

to

d
a
te

and

new

items
are

d
e
v
eloped

as

required.

I
n

th
e

pas
t

y
ea
r
,

a

n
umbe
r

o
f

pu
b
lic
a
tion
s

wer
e

r
e
vise
d

i
n

lin
e

with
legisl
a
ti
v
e

c
hange
s

o
r

upd
a
te
d

practice
s
.

Ne
w

f
o
r
m
s

wer
e

adde
d

f
or
membe
r
s

t
o

a
d
vis
e
c
hang
e

o
f

pensio
n

detail
s

an
d

c
lai
m

de
a
t
h

benefit
s
,
an
d

a

ne
w

fac
t

shee
t

wa
s

pu
b
lishe
d

t
o

e
xplai
n

anti‑detrimen
t

p
a
yment
s
.

Legisl
a
ti
v
e

Amendment

A

n
umber

of

amendments were
made

to

the

Supe
r
an
n
uation

Act
,

the
Superan
n
u
a
tion

R
egul
a
tion
s
,

the

L
e
gislat
i
v
e

Assemb
l
y

Membe
r
s’
Supe
r
an
n
uation

Fund

Act

and

the

No
r
the
r
n

T
e
r
rito
r
y

P
olice
Supplementa
r
y

Benefit

S
c
heme

T
r
ust

Deed

to

f
o
r
malise
c
hanges
appr
o
v
ed

as

pa
r
t

of

the

re
f
o
r
m
project.


Output

P
er
f
o
r
mance




Our

P
er
f
o
r
mance

Symbols

Completed

In

Progress

Ongoing




Priorities

f
or

2011‑12

St
a
tus

R
esults

in

2011‑12


Stage
2

of

the

Superan
n
u
a
tion

R
e
f
o
r
m

project,

to

f
o
r
malise
the

composition

of

the

new

ST
B
,

esta
b
lish

a

me
c
hanism

f
or

a

second

tier

r
e
view

of

appeals

and

simplify

N
T
G
P
ASS

and

NTSSS

through

the

esta
b
lishment

of

a

single

benefit

system.

R
e
f
ocus

e
f
f
o
r
t

to

reduce

the

n
umber
of

accounts

w
here

benefits

remain
un
c
laimed

f
or

a

lengt
h
y

period.

Progressi
v
e
l
y

introduce

electronic
retention
of

records

throughout

the
Superan
n
u
a
tion

Offic
e
,

in
c
luding
member

record
s
.

Proceed

with

c
hanges
resulting
from
the

Superan
n
u
a
tion

r
e
view
culmin
a
ting

in

the

Stronger
Super
re
f
o
r
m
s
,

as

th
e
y

impact

on

the
No
r
the
r
n

T
e
r
rito
r
y

Pu
b
lic

Sector
(NTPS)

superan
n
u
a
tion

s
c
heme
s
.

Finalise

an

anti‑detriment
poli
c
y

in

line
with

contempora
r
y

practice
s
.


A
ppr
o
v
al

was

pr
o
vided

f
or

Stage
2

and

legisl
a
tion

has
been

introduced

f
or

the

e
xpanded

board

represent
a
tion.








W
o
r
k

conti
n
ued

to

reunite membe
r
s

with

their
benefit.




W
o
r
k

conti
n
ued

with

scanning

of

appr
o
xim
a
te
l
y
4000
creditor

member

record
s
.

Electronic

retention

of

v
arious

records

will

conti
n
ue

as

pa
r
t

of

conti
n
uous
b
usiness

impr
o
v
ement

practice
s
.

Discussion

is

conti
n
uing

with

the

Commonwealth
to
dete
r
mine
the

e
xtent these
c
hanges

will

app
l
y

to

pu
b
lic
sector

superan
n
u
a
tion

s
c
heme
s
.






An

anti‑detriment
poli
c
y

has

been

implemented

and
rel
ev
ant

pu
b
lic
a
tions

are

a
v
aila
b
le

to

assist
membe
r
s
.



Future

Priorities



Superan
n
u
a
tion

R
e
f
o
r
m

Project



conti
n
ue

stage

2

of

the

re
f
o
r
ms
to

amal
g
am
a
te

the

T
e
r
rito
r
y

s
c
hemes

into

one

Act,

esta
b
lish

a

second

tier

r
e
view

of

appeals

me
c
hanism

and

simplify

N
T
G
P
ASS

and

NTSSS

through
the

esta
b
lishment

of

a

single

benefit

system.




Commonwealth

r
e
views



conti
n
ue

to

wo
r
k
with

the

Commonwealth
and

other

jurisdictions

to

consider
Stronger

Super

c
hanges

and

their
impact

on

T
e
r
rito
r
y

superan
n
u
a
tion

s
c
heme
s
.




Lost

membe
r
s

and

un
c
laimed

monies


conti
n
ue

e
f
f
o
r
t

to

reduce

the

n
umber

of

accounts

w
here

benefits
h
a
v
e

remained

un
c
laimed

f
or

a

lengt
h
y

period.



Complete

tender

f
or

a

default

superan
n
u
a
tion

se
r
vice

pr
o
vider

b
y

A
pril

2014.








20
1
1
-
12

Annual

Report

29


Outpu
t

P
er
f
o
r
manc
e

T
a
b
les





Financial
Management

T
a
b
le

1: Financial Management Output

P
er
f
o
r
mance


2010‑11

P
er
f
o
r
mance

Measures

Actual

2011‑12

Actual

2012‑13

Estim
a
te

Quantity

D
e
v
elop

and

present

the

Budget

1

Financial

per
f
o
r
mance

repo
r
ting



T
AFR,

Mid‑
Y
ear

R
epo
r
t,

T
reasurer

s

5
qua
r
te
r
l
y financial

repo
r
ts

Capacity

to

pr
o
vide

poli
c
y

a
d
vice

and

ana
l
ysis

on

financial

$6.65M
management
issues

Quality

Accepta
b
le

audit

opinion

from
A
udito
r

General

f
or

T
AFR
y
es

Timeliness

Budget

pu
b
lished

b
y

d
a
te

set

b
y

T
reasurer

y
es
T
AFR

pu
b
lished

in

accordance

with

legisl
a
tion

y
es
Mid‑
Y
ear

R
epo
r
t

pu
b
lished

in

accordance

with

legisl
a
tion

y
es
T
reasurer

s

qua
r
te
r
l
y

financial

repo
r
ts

pu
b
lished

in

accordance

with

y
es

legisl
a
tion



1

5



$7.07M


y
es
y
es

y
es
y
es
y
es



1

5



$7.12M


y
es
y
es

y
es
y
es
y
es




































30

Achievements


Economic

Management

T
a
b
le

2: Economic

Management Output

P
er
f
o
r
mance


2010‑11

P
er
f
o
r
mance

Measures

Actual

2011‑12

Actual

2012‑13

Estim
a
te

Quantity

Capacity

to

pr
o
vide

poli
c
y

a
d
vice

and

ana
l
ysis

on

economic

and

$6.94M
rel
a
ted

issues

Pu
b
lish

No
r
the
r
n

T
e
r
rito
r
y

Econo
m
y

1

Pu
b
lish

T
e
r
rito
r
y

Economic

Re
view

11

Pu
b
lish

Social

Indic
a
to
r
s

11

Timeliness

Briefings

on

ABS

economic

d
a
ta

pr
o
vided

on

d
a
y

of

release

100%
Economic

pu
b
lic
a
tions

pu
b
lished

b
y

agreed

d
a
te

100%

$7.85M
1

12

11



100%

100%

$7.65M
1

12

11



100%

100%




T
a
b
le

3:

Pa
yments

on

Behalf

of

G
o
v
e
r
nment


2010‑11

P
er
f
o
r
mance

Measures

Actual

2011‑12

Actual

2012‑13

Estim
a
te

Quantity

CSO

p
a
yment

f
or

uni
f
o
r
m
tari
f
f subsidy

$60.73M
GST

collection

costs


$6.92M



$61.56M

$6.90M



$63.08M

$7.28M































20
1
1
-
12

Annual

Report

31


T
e
r
rito
r
y

R
e
v
e
n
ue

Management

T
a
b
le

4:

T
e
r
rito
r
y

R
e
v
e
n
ue

Management

Output

P
er
f
o
r
mance


2010‑11

P
er
f
o
r
mance

Measures

Actual

2011‑12

Actual

2012‑13

Estim
a
te

Quantity

T
e
r
rito
r
y

r
e
v
e
n
ue

collected
1

$610.42M
Capacity

to

manage

T
e
r
rito
r
y

r
e
v
e
n
ue‑rel
a
ted

activities

$6.85M
Subsidy

p
a
yments

$9.35M
Quality

T
e
r
rito
r
y

r
e
v
e
n
ue

f
orecast

accura
c
y
2

0.4%
Sta
k
eholder

s
a
tisfaction

su
r
v
e
y

r
a
ting:

T
axp
ay
e
r
s
3

5.08

Assessment
accura
c
y
4


99.9%
Accura
c
y

of

fi
r
st

home owner
grant

p
a
yments

processed

100%
Timeliness

Re
v
e
n
ue

recei
v
ed

within

agreed

timeframes

96.4%
Se
r
vices

completed

within
agreed

se
r
vice
standards
5

97.3%



$616.25M

$6.77M

$9.77M

-

1.2%
5.08

99.9%
100%



95.8%

96.2%



$595.33M

$7.65M

$10.06M



±

5%





5



99%

100%





95%



95%

1

In
c
ludes

ta
x
e
s
,

g
am
b
ling

r
e
v
e
n
ue

and

mining
r
o
y
altie
s
.

2

T
his

figure

reflects
the

di
f
f
erence

between
the

estim
a
te

in

the

2012‑13
Budget

and

actual

r
e
v
e
n
ue
collected.

3

T
axp
ay
er

s
a
tisfaction

was

dete
r
mined

via

an

email su
r
v
e
y issued

to

more
than

1700
c
lient
s
.

4

T
his

is

the

percentage

of

assessments issued

f
or

the

y
ear

th
a
t

h
a
v
e

not

been

r
e
vised

b
y

w
a
y

of

allowed objections

and

appeal
s
.

5

T
he

measure

is

the

weighted

a
v
erage

per
f
o
r
mance

of

a

series
of

lower

l
e
v
el

measures

in

the

T
e
r
rito
r
y

Re
v
e
n
ue

Office

Se
r
vice

Cha
r
ter

as

pu
b
lished

on

the

T
e
r
rito
r
y

Re
v
e
n
ue

Office

w
e
bsit
e
.

T
a
b
le

5

details
the

components
th
a
t

comprise

the

weighted

a
v
erag
e
.

T
a
b
le

5:

T
e
r
rito
r
y

R
e
v
e
n
ue

Office

Standards

Pu
b
lished

in

the

Se
r
vice

Cha
r
ter


2010‑11

Actual

2011‑12

Actual

2012‑13

Estim
a
te

%

Stamp
duty

assessing

document

tu
r
naround

(propo
r
tion

assessed

94
within
fi
v
e

wo
r
king
d
a
ys)

R
esponse

to

written inquiries

within
14

d
a
ys

of

receipt

90

A
udits

completed

within respecti
v
e

timeframes
1

77

Objections

dete
r
mined

within

120

d
a
ys

80

Other
grant

applic
a
tions

dete
r
mined

within

respecti
v
e

timeframes
2

100

%

94



87

67

87

100

%

90



100

80

80

100

1

T
he

measure

reflects

T
e
r
rito
r
y

p
a
yroll

tax,

stamp
duty

and

fi
r
st

home owner
grant

audits
completed

within
120

d
a
ys

and

mining
and
petroleum

r
o
y
alty audits

completed

within
180

d
a
ys

of

commencement.

2

T
he

measure

is

the

weighted

a
v
erage

per
f
o
r
mance

of

other
grant

applic
a
tions

processed

within
the

timeframes
st
a
ted

in

the

T
e
r
rito
r
y
Re
v
e
n
ue

Office

Se
r
vice

Cha
r
te
r
.

T
he

rel
ev
ant

standards

are

th
a
t

95

per

cent

of

appr
o
v
ed

fi
r
st

home owner
grant

p
a
yments
are

made
within
24

hou
r
s
of

the

p
a
yment

eligibility

d
a
te

and

other
grant

applic
a
tions

are

paid

within
fi
v
e

b
usiness

d
a
ys

of

receipt

of

all

rel
ev
ant
in
f
o
r
m
a
tion.





32

Achievements


Superan
n
u
a
tion

T
a
b
le

6:

Superan
n
u
a
tion

Output

P
er
f
o
r
mance


2010‑11

P
er
f
o
r
mance

Measures

Actual

2011‑12

Actual

2012‑13

Estim
a
te

Quantity

Capacity

to

pr
o
vide

poli
c
y

a
d
vice

and

se
r
vices

on

superan
n
u
a
tion

$4.13M

Quality

Benefits
processed

2

017

Compliance

with

legisl
a
ti
v
e

processing

timeframes

100%
Number

of

N
T
G
P
ASS

and

NTSSS

lost

member

accounts


5

475

Semina
r
s

held

22

Sta
k
eholder

s
a
tisfaction
1

5

$4.37M
1

453

100%

3

984

15

5

$4.03M
1

900

100%

3

500

15



5

1

Sta
k
eholde
r
s

are

the

superan
n
u
a
tion

s
c
heme

membe
r
s

and

associ
a
ted

board
s
.


St
a
tuto
r
y

Bodies

T
a
b
le

7: Utilities Commission
Output

P
er
f
o
r
mance


2010‑11

P
er
f
o
r
mance

Measures

Actual

2011‑12
2

Actual

2012‑13

Estim
a
te

Quantity

Capacity

to

administer

regul
a
to
r
y

regime

$0.59M
Capacity

to

a
d
vise

R
egul
a
to
r
y

Minister

$0.40M
Timeliness

Dete
r
min
a
tions
and

appr
o
v
als

issued

within st
a
tuto
r
y
timeframes
1

100%



$0.68M

$0.46M



100%



$0.81M

$0.54M



100%

1

C
o
v
e
r
s

dete
r
min
a
tions

and

appr
o
v
als

on

monopo
l
y

pricin
g
,

mini
m
um se
r
vice

standards

and

other activities

as

pr
o
vided

f
or

under

the

Utilities Commission
Act

and

other

rel
ev
ant

indust
r
y

regul
a
tion

legisl
a
tion.

2

T
he

increase

in

capacity

measures

v
alues

f
or

both

administr
a
tion

of

the

regul
a
to
r
y

regime

and

a
d
vice

to

the

R
egul
a
to
r
y

Ministe
r
,

rel
a
tes

to

a

c
hange

in

funding

a
r
rangements

f
or

the

Commissioner

s position

and

one

R
egul
a
to
r
y

Officer

position,

w
hi
c
h

were

pr
e
vious
l
y

unfunded.




















20
1
1
-
12

Annual

Report

33


No
r
the
r
n

T
e
r
rito
r
y

T
reasu
r
y

Co
r
por
a
tion

T
a
b
le

8:

T
reasu
r
y

Co
r
por
a
tion

Business

Line

P
er
f
o
r
mance


2010‑11

P
er
f
o
r
mance

Measures

Actual

2011‑12

Actual

2012‑13

Estim
a
te

Quantity

W
eighted

a
v
erage

cost

of

bo
r
rowings

during

the

y
ear

5.29%

Quality

Bo
r
rowing

r
a
te

margin

compared

to

indust
r
y

pee
r
s
1

+

0.22%
I
n
v
estment

po
r
t
f
olio

retu
r
n
ab
o
v
e

ben
c
hma
r
k
2

+

0.31%
V
ol
a
tility

of

i
n
v
estment

po
r
t
f
olio

retu
r
n a
g
ainst

ben
c
hma
r
k
2

+

0.31%



4.86%



+

0.38%

+

0.32%

±

0.32%



6.00%





0.50%

>

indices

±

0.25%

1

St
a
te

and

te
r
rito
r
y

g
o
v
e
r
nments'

central

financing

authoritie
s
.

2

T
he

ben
c
hma
r
k

is

the

weighted

rel
ev
ant

UBS

W
ar
b
urg

indice
s
.

T
he

composite

ben
c
hma
r
k

retu
r
n

f
or

2011‑12
was

4.70

per

cent

w
hile

the

T
reasu
r
y

Co
r
por
a
tion

a
c
hi
e
v
ed

a

retu
r
n

of

5.02

per

cent.














































34

Achievements