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Section 2: Outcomes and Outputs Information
Outcomes and Output Groups
The map below shows the relationship between Government outcomes and the contributing outputs for the Companies and Securities Advisory Committee (CASAC). Financial detail for Outcome 1 by output appears in Table 2.1 while non-financial information for Outcome 1 appears in Table 2.2.
Changes to Outcomes and Ouputs
There are no proposed changes in outcomes or outputs from the previous year.
Outcome 1
A fair and efficient market characterised by integrity and transparency and supporting confident and informed participation of investors and consumers.
Measures in the 2000-01 Budget
There are no measures for the CASAC in the 2000-01 Budget.
Outcome 1 - Resourcing
Table 2.1 shows how the 2000-01 appropriations translate to total resourcing for Outcome 1.
Table 2.1: Total Resources for Outcome 1
Estimated Actual
Budget
Estimate1999-00
($'000)2000-01
($'000)Agency appropriations
Output group 1.1 - Companies and Securities Advisory Committee
Output 1.1.1 - Annual report, discussion papers and reports
Output 1.1.2 - RecommendationsSubtotal output group 1.1
818
851
Total revenue from Government (appropriations)
contributing to price of agency outputs818
96.7%851
97.1%Total revenue from other sources
28
25
Total price of agency outputs
(Total revenue from Government and from other sources)
846
876Total estimated resourcing for outcome 1
(Total price of outputs and admin expenses)
846
876
1999-00
2000-01
Average staffing levels (number)
3
4
Outcome 1 - Contribution of Outputs
The output of CASAC is similar to the first output of the Australian Securities and Investments Commission (ASIC) policy and guidance about the laws administered by ASIC. CASAC focuses on the legislation related to companies and securities, and its operations involve initiating major policy innovation in corporate law, reviewing procedural and other issues in current practice, and reviewing draft legislative policy and Bills. This is basic to the achievement of the Government outcome of confident and informed participation of investors and consumers in the financial system.
Performance Information for Outcome 1
Table 2.2: Performance Information 2000-01
Performance information for agency outputs
Output group 1.1 - Companies and Securities Advisory Committee
Output 1.1.1 - Annual report, discussion paper and reports
Output 1.1.2 - Recommendations
The Advisory Committee seeks to stimulate and lead public debate on the enhancement of standards for corporations and participants in financial markets, and proposes regulatory reform where necessary.
To achieve these performance goals, the Advisory Committee seeks the expert advice of its Legal Committee, encourages public comment on its discussion papers and thoroughly reviews all submissions received on them. This well established process of public review is designed to ensure that the commercial community has the opportunity to fully participate in the law reform process.
Through this consultation and review process, and the provision of timely advice to the Treasurer and the Minister for Financial Services and Regulation in the form of Advisory Committee Reports and other papers, the Committee seeks to ensure that Australian financial markets and corporations continue to operate in a commercial environment of the highest standards supported by appropriate legislation.
Evaluations
There are no planned evaluation activities in the 2000-01 financial year.
Competitive Tendering and Contracting
CASAC predominantly achieves cost effectiveness in its non-core operations through the use of contracts arranged by or through ASIC. This would mainly relate to travel management and other administrative expenditure.
