Australian Government, 2009‑10 Budget
Budget

Agency Additional Estimates Statements

Australian Competition and Consumer Commission

Section 1: Agency overview and resources

1.1 Strategic direction

There has been no significant change to the strategic direction of the Australian Competition and Consumer Commission (ACCC) from that outlined in the Portfolio Budget Statements 2009-10 (pages 91-93).

The ACCC is seeking an additional $1.8 million in departmental outputs through Appropriation Bill (No. 3) 2009-10. This relates to $2.5 million for the Telecommunications regulatory reform — competition and consumer safeguards measure (refer page 164 of the Mid-Year Economic and Fiscal Outlook 2009-10) and is offset by a reduction of $0.7 million for the whole-of-government departmental efficiencies measure (refer page 166 of the Mid-Year Economic and Fiscal Outlook 2009-10).

1.2 Agency resource statement

Table 1.1 shows the total resources from all origins. The table summarises how resources will be applied by outcome and departmental classification.

Table 1.1: Australian Competition and Consumer Commission resource statement —
additional estimates for 2009-10 as at Additional Estimates November 2009

Table 1.1: Australian Competition and Consumer Commission resource statement — additional estimates for 2009-10 as at Additional Estimates November 2009

1. Appropriation Bill (No. 3) 2009-10.

Third party drawdowns from and on behalf of other agencies

Third party drawdowns from and on behalf of other agencies

Note: the ACCC provides financial services to the NCC and has drawdown access to manage the NCC's finances.

1.3 Agency measures table

Table 1.2 summarises new Government measures taken since the 2009-10 Budget.

Table 1.2: Agency measures since Budget

Table 1.2: Agency measures since Budget

Note: Further details of these measures can be found in the Mid-Year Economic and Fiscal Outlook 2009-10.

1.4 Additional estimates and variations

Table 1.3 details thve changes to the resourcing for the ACCC at Additional Estimates, by outcome.

Table 1.3: Additional estimates and variations to outcomes from measures since 2009-10 Budget

Table 1.3: Additional estimates and variations to outcomes from measures since 2009-10 Budget

Table 1.4: Additional estimates and variations to outcomes from other variations

The ACCC does not have any other variations since the 2009-10 Budget that affect additional estimates.

1.5 Breakdown of additional estimates by Appropriation Bill

Table 1.5 details the additional estimates sought for the ACCC through Appropriation Bill No. 3. There are no additional estimates sought for the ACCC through Appropriation Bill No. 4.

Table 1.5: Appropriation Bill (No. 3) 2009-10

Table 1.5: Appropriation Bill (No. 3) 2009-10

 

Section 2: Revisions to agency outcomes and planned performance

2.1 Resources and performance information

There has been no change to outcomes, outcome strategy or performance information for the ACCC from that included in the Portfolio Budget Statements 2009-10 (pages 96-102).

Table 2.1 Budgeted expenses and resources for Outcome 1

Table 2.1 Budgeted expenses and resources for Outcome 1

Program 1.1: Australian Competition and Consumer Commission

There has been no change to the program objective, deliverables or key performance indicators from that included in the Portfolio Budget Statements 2009-10.

Table 2.2: Program 1.1 expenses

Table 2.2: Program 1.1 expenses

 

Section 3: Explanatory tables and budgeted financial statements

3.1 Explanatory tables

3.1.1 Estimates of special account flows

There has been no change to special account flows from that included in the Portfolio Budget Statements 2009-10. The corresponding table in the Portfolio Budget Statements 2009-10 is Table 3.1.2 on page 103.

3.2 Budgeted financial statements

3.2.1 Analysis of budgeted financial statements

Changes to the budgeted financial statements since the 2009-10 Budget predominantly relate to Budget measures as outlined in Table 1.2.

3.2.2 Budgeted financial statements

Departmental financial statements

Table 3.2.1: Budgeted departmental income statement
(for the period ended 30 June)

Table 3.2.1: Budgeted departmental income statement (for the period ended 30 June)

Prepared on Australian Accounting Standards basis.

Table 3.2.2: Budgeted departmental balance sheet
(as at 30 June)

Table 3.2.2: Budgeted departmental balance sheet(as at 30 June)

Prepared on Australian Accounting Standards basis.

Table 3.2.3: Budgeted departmental statement of cash flows
(for the period ended 30 June)

Table 3.2.3: Budgeted departmental statement of cash flows(for the period ended 30 June)

Prepared on Australian Accounting Standards basis.

Table 3.2.4: Departmental statement of changes in equity— summary of movement
(budget year 2009-10)

Table 3.2.4: Departmental statement of changes in equity — summary of movement (budget year 2009-10)

Prepared on Australian Accounting Standards basis.

Table 3.2.5: Departmental capital budget statement

Table 3.2.5: Departmental capital budget statement

Prepared on Australian Accounting Standards basis.

Table 3.2.6: Statement of asset movements — Departmental (2009-10)

Table 3.2.6: Statement of asset movements — Departmental (2009-10)

Prepared on Australian Accounting Standards basis.

Schedule of administered activity

Table 3.2.7: Schedule of budgeted income and expenses administered
on behalf of government (for the period ended 30 June)

Table 3.2.7: Schedule of budgeted income and expenses administered on behalf of government (for the period ended 30 June)

Prepared on Australian Accounting Standards basis.

Table 3.2.8: Schedule of budgeted assets and liabilities administered
on behalf of government (as at 30 June)

Table 3.2.8: Schedule of budgeted assets and liabilities administered on behalf of government (as at 30 June)

Prepared on Australian Accounting Standards basis.

Table 3.2.9: Schedule of budgeted administered cash flows
(for the period ended 30 June)

Table 3.2.9: Schedule of budgeted administered cash flows(for the period ended 30 June)

Prepared on Australian Accounting Standards basis.

Notes to the financial statements

Accounting policy

The budgeted financial statements have been prepared on an accrual accounting basis having regard to Statements of Accounting concepts, and in accordance with:

  • the Government's financial budgeting and reporting framework; and
  • Australian Accounting Standards and Interpretations issued by the Australian Accounting Standards Board.

Departmental and administered items

Agency assets, liabilities, revenues and expenses are those items that are controlled and used by the ACCC in producing its program and include:

  • computers, plant and equipment and building fitout used in providing goods and services;
  • liabilities for employee entitlements;
  • revenue from appropriations or independent sources in payment for the departmental program; and
  • employee, supplier and depreciation expenses incurred in providing agency program.

Administered items are those items incurred in providing programs that are controlled by the Government and managed, or oversighted by the ACCC on behalf of the government. Administered revenues include fees and fines.

Departmental revenue

Revenue from Government represents the purchase of outputs from the ACCC by the Government and is recognised to the extent that it has been received into the ACCC's bank account.

Revenue from other sources, representing sales from goods and services, is recognised at the time that it is imposed on customers.

Departmental expenses — employees

Payments and net increases in entitlements to employees for services rendered in the financial year.

Departmental expenses — suppliers

Payments to suppliers for goods and services used in providing agency programs.

Departmental expenses — depreciation and amortisation

Depreciable property, plant and equipment, buildings and intangible assets are written-off to their estimated residual values over their estimated useful life, using the straight-line calculation method.

Departmental assets — financial assets

The primary financial asset relates to receivables. Financial assets are used to fund the ACCC's capital program, employee entitlements, creditors and to provide working capital.

Departmental assets — non-financial assets

These items represent future benefits that the ACCC will consume in producing outputs. The reported value represents the purchase paid less depreciation incurred to date in using the asset.

Departmental liabilities — provisions and payables

Provision has been made for the ACCC's liability for employee entitlements arising from services rendered by employees. The liability includes unpaid annual leave and long service leave.

Provision has also been made for unpaid expenses as at balance date.

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