annual report - parliament.vic.gov.au · dedjtr annual report 2015-16 5. 01 overview the department...

2015-16ANNUAL REPORTDepartment of Economic Development,

Jobs, Transport and Resources

2015-16

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Authorised and published by the Victorian Government. Department of Economic Development, Jobs, Transport and Resources 1 Spring Street, Melbourne, VIC 3000 Telephone (03) 9208 3333

October 2016

ISSN 2205-6513 (print) ISSN 2205-6521 (online)

Print managed by Finsbury Green Printed on Ecostar (Fsc) 100% recycled paper

Unless indicated otherwise, the work is made available under the terms of the Creative Commons Attribution 3.0 Australia Licence. To view a copy of this licence, visit creativecommons.org/licenses/by/3.0/au

It is a condition of this Creative Commons Attribution 3.0 Licence that you must give credit to the original author which is the State of Victoria.

AccessibilityIf you would like to receive this publication in an accessible format, such as large print or audio, telephone 03 9208 3333 or email [email protected]. This document is also available in accessible Word and PDF format at economicdevelopment.vic.gov.au

DEDJTR Annual Report 2015-16 1

CONTENTS

SECTION 1: OVERVIEW 3

Secretary’s foreword 4

SECTION 2: FINANCIAL PERFORMANCE 17

SECTION 3: NON-FINANCIAL PERFORMANCE 193

SECTION 4: APPENDICES 247

Appendix 1: Budget portfolio outcomes 248

Appendix 2:Capital projects/asset investment programs 254

Appendix 3: International Victorian Government Business Offices network 257

Appendix 4: People and workplace 257

Appendix 5: Office-based environmental performance 272

Appendix 6: Implementation of the Victorian Industry Participation Policy 278

Appendix 7: Government advertising expenditure 278

Appendix 8: Consultancy expenditure 280

Appendix 9: Disclosure of major contracts 280

Appendix 10: Information and Communication Technology expenditure 281

Appendix 11: Freedom of Information 282

Appendix 12: Feed-in tariffs 282

Appendix 13: Advanced Metering Infrastructure (AMI) 286

Appendix 14: Better Roads Victoria Trust Account 287

Appendix 15: Compliance and attestations 288

Appendix 16: Grants and related assistance 291

Appendix 17: Ministerial Statements of Expectations 320

Appendix 18: Additional departmental information on request 320

Appendix 19: Acronyms in this report 321

Appendix 20: Disclosure index 322

DEDJTR Annual Report 2015-162

01 OVERVIEW


01 OVERVIEW

I am pleased to report on the progress made in 2015-16 by the Department of Economic Development, Jobs, Transport and Resources (DEDJTR), towards our goal of improving the living standards and wellbeing of Victorians.

The department has been operating for 18 months. In the first six months, we began implementing many of the Victorian Government’s policy and election commitments. We established our new department and developed possible initiatives for the government to consider later in the parliamentary term.

2015-16 saw an acceleration of delivery, planning for the future, responses to major contingencies, and a consolidation of our new organisational design. For example, we responded to drought, fire recovery, blue-green algae outbreaks, the downturn in dairy prices and an unexpected rate of wheel wear on V/Line trains. We advised on our expectations of economic and industry transformation, population growth, technological disruption and workforce changes.

Our key achievements included:

• Designing and delivering the commitment of $37 million for Victoria’s drought-affected farmers, small businesses and communities.

• Supporting the launch of the $200 million Future Industries Fund to stimulate investment and job creation in high potential sectors, following extensive consultation and analysis.

• Advising on the Victorian Regional Statement, which was released in response to the Regional Economic Development and Services Review. The centrepiece is the establishment of nine new Regional Partnerships, with representatives drawn from the three tiers of government, business and the community, to identify regional priorities and direct these into the government’s budget and policy deliberations.

• Supporting the establishment of LaunchVic to strengthen Victoria’s entrepreneurial and start-up environment, and laying the foundations for Visit Victoria – the new body to increase tourism, major events and conventions in Victoria.

• Organising the launch of Target One Million, a $20 million investment in recreational fishing in Victoria to get families outdoors and fishing together, contributing to local economies and jobs. Various initiatives will achieve this, including more fish stocking, new recreational fishing reefs and improved boat launching facilities.

• Research, development and extension services were delivered to improve productivity growth in our $13.1 billion agricultural industries while safeguarding biosecurity. Developments in plant phenomics underpinned new grain varieties, and our scientists successfully completed Australia’s first horticultural trial of medicinal cannabis.

• The first round of funding from the $15 million Target minerals exploration program was awarded, with a continued focus on developing low-emission resources technologies, and reforms were made to the Earth Resources Regulator to better protect the community, provide certainty for industry and promote transparency.

• The $20 million New Energy Jobs Fund opened and the first recipient has been announced. Reduced emission and new jobs were set in train through an auction of energy certificates under the Renewable Energy Target. The Saving Energy, Growing Jobs initiative was funded, including $10 million to retrofit public housing stock and the homes of Victorians with complex health conditions, to make them more energy efficient and to help reduce energy bills.

• In transport, the $1.3 billion CityLink Tulla Widening Project – jointly funded by the Victorian Government, Commonwealth Government and CityLink operator Transurban – commenced works. It will reduce travel times, improve safety on the two freeways and create more than 1400 jobs during construction.

SECRETARY’S FOREWORD


• Works began on the $5.5 billion Western Distributor Project that will reduce congestion along the M1 corridor from Geelong to Pakenham by providing an alternative to the West Gate Bridge. The project will deliver a second river crossing, provide extra lanes on the West Gate and Monash Freeways, and remove thousands of trucks from inner-west suburban streets. It will create more than 5600 jobs during construction.

• There has been significant progress on a number of projects to ease congestion on our roads and add capacity to our rail network. Four level crossings were removed and construction started on another 15. In addition, the Melbourne Metro Rail Project business case was released, an Environment Effects Statement was prepared and the early works contract awarded.

• Victoria’s first creative industries strategy, Creative State, was launched. It delivers more than $115 million in new funding to create jobs and employment opportunities as well as economic, social and cultural benefits to Victorians.

All this was done while the delivery of core services continued: enabling people and freight to move across the state; facilitating investment, trade and development; supporting our agriculture, energy and resources sectors; and developing our creative industries.

Our advice to government and the implementation of its programs is underpinned by a sound understanding of the state’s economy: its drivers, opportunities and risks. Our DEDJTR Delivers – Strategic Plan 2016 describes how we will deliver a stronger and more inclusive economy. The strategic plan strengthens our understanding and management of the differences in economic health across the state and among the cohorts of its population. This annual report reflects how well we have performed against the plan and a new Outcomes Framework will improve our understanding of the impact of our work.

DEDJTR Connects is our strategy for developing our people and the organisation as a whole. Reflecting the suggestions and feedback from staff across the department, it plans to develop our people, culture, processes and systems. It is the internal complement to our externally-facing strategic plan. The two strategies together create a strong foundation for a productive and collaborative organisation which serves its communities well.

The dedicated and skilled staff in our young department and its portfolio agencies achieved a great deal for Victorians through their hard and purposeful work. Their achievements are outlined in this report. It is a pleasure to work with them and I would like to thank them publicly for their professionalism and dedication to improving the lives of all Victorians.

Our 2840 staff – located at five CBD and 14 outer-metropolitan sites, as well as 77 regional sites across Victoria and 18 international offices – have delivered through a period of major change and high workload; this has been difficult for some and challenging for most.

Accountable Officer’s declarationIn accordance with the Financial Management Act 1994, I am pleased to present the Department of Economic Development, Jobs, Transport and Resources Annual Report for the year ended 30 June 2016.

Richard Bolt Secretary


01 OVERVIEW

The Department of Economic Development, Jobs, Transport and Resources seeks to improve the lives and prosperity of all Victorians.

The department was formed in January 2015 and brings together many of the functions that drive economic development and job creation across Victoria. These include transport and ports, investment attraction and facilitation, trade, innovation, regional development and small business, together with key services to sectors such as agriculture, the creative industries, resources and tourism.

DEDJTR supports nine ministers and spans 13 ministerial portfolios. It operates from 96 sites across the Melbourne CBD, greater metropolitan Melbourne and regional Victoria, and 18 international offices. The department oversees the operations of a variety of public entities, including public corporations, infrastructure development entities, asset management agencies, regulatory authorities and specialist boards.

The department collaborates and engages with a variety of government and community stakeholders, to help shape our future projects, policies and strategies for growing Victoria’s economy.

Our visionA productive, competitive and sustainable Victorian economy that contributes to a prosperous and inclusive society.

Our missionTo lift the living standards and wellbeing of all Victorians by sustainably growing Victoria’s economy and employment and by working with the private and public sectors to foster innovation, creativity, productivity, investment and trade.

Major departmental changes during 2015-16There were a number of ministerial changes during the reporting period.

The Hon. Philip Dalidakis MP was appointed by the Premier of Victoria, the Hon. Daniel Andrews MP as Minister for Small Business, Innovation and Trade on 31 July 2015, replacing Mr Adem Somyürek following his resignation on 28 July 2015.

On 23 May 2016, the Premier announced the following:

• The Hon. Wade Noonan MP was appointed Minister for Industry and Employment, and Minister for Resources

• The Hon. Jacinta Allan MP added Major Projects to her portfolio

• The Hon. Steve Herbert MLC added International Education to his existing responsibilities

• The Hon. Lily D’Ambrosio MP became the Minister for Energy, Environment and Climate Change.

ABOUT THE DEPARTMENT


Ministers DEDJTR supports nine ministers across 13 portfolios. Ministers at 30 June 2016 were:

The Hon. Jacinta Allan MP Minister for Public Transport Minister for Major Projects

The Hon. Philip Dalidakis MLC Minister for Small Business, Innovation and Trade

The Hon. Lily D’Ambrosio MP Minister for Energy, Environment and Climate Change

The Hon. Luke Donnellan MP Minister for Roads and Road Safety Minister for Ports

The Hon. John Eren MP Minister for Tourism and Major Events

The Hon. Martin Foley MP Minister for Creative Industries

The Hon. Steve Herbert MLC Minister for International Education

The Hon. Natalie Hutchins MP Minister for Industrial Relations

The Hon. Wade Noonan MP Minister for Industry and Employment Minister for Resources

The Hon. Jaala Pulford MLC Minister for Agriculture Minister for Regional Development

DEDJTR also provides advice and support to:

Ms Danielle Green MP Parliamentary Secretary for Tourism, Major Events and Regional Victoria

Mr Shaun Leane MLC Parliamentary Secretary for Transport

Mr Hong Lim MP Parliamentary Secretary for Multicultural Affairs and Asia Engagement

Executive BoardDEDJTR’s leadership team, the Executive Board, at 30 June 2016 were:

Richard Bolt Secretary

Andrew Abbott Deputy Secretary, Creative Victoria

Sue Eddy Lead Deputy Secretary, Corporate Services

Corey Hannett Coordinator-General, Major Transport Infrastructure Program

Justin Hanney Lead Deputy Secretary, Economic Development, Employment and Innovation

Anthea Harris Lead Deputy Secretary, Strategy and Planning

Gillian Miles Lead Deputy Secretary, Transport

Luke Wilson Lead Deputy Secretary, Agriculture and Resources


01 OVERVIEW

Departmental groups Agriculture, Energy and Resources Group – works with industry, primary producers, energy consumers and rural communities across Victoria to drive sustainable economic growth in the food and fibre, natural resources and energy sectors.

Coordinator-General – oversees the delivery of major transport infrastructure projects including the Melbourne Metro Tunnel and the Level Crossing Removal Project.

Corporate Services – provides key corporate services to the department, its ministers and agencies.

Creative Victoria – develops and promotes the creative and cultural industries to enable them to grow their contribution to the state’s economic and social wellbeing.

Economic Development, Employment and Innovation Group – enables economic development, by facilitating investment, trade and regional development; enabling the growth of industry sectors; attracting visitors and major events; stimulating innovation; developing urban precincts and delivering major projects; providing employment services; supporting small businesses; and advising on industrial relations.

Strategy and Planning Group – leads and coordinates strategic planning, policy research, analysis, strategic communications, emergency management, interdepartmental collaboration and engagement with Commonwealth, state and local governments.

Transport Group – plans and coordinates the state’s transport system, leads strategic policy and program development and transport system reform, integrates network planning, oversees transport regulation and safety, and coordinates the delivery of service reforms and capital projects.

Audit and Risk CommitteeStanding directions 2.2 and 2.5 of the Minister for Finance under section 8 of the Financial Management Act 1994 require the department to appoint an Audit and Risk Committee and to maintain an internal audit function as part of its governance arrangements.

The purpose of the Audit and Risk Committee is to assist the Secretary in fulfilling his oversight responsibilities in respect of the department’s risk management practices, internal controls and governance processes and the department’s process for monitoring compliance with laws, regulations, ministerial directions as issued by the Minister for Finance and the Victorian Public Service Code of Conduct.

Membership of the department’s Audit and Risk Committee during 2015-16 were:

Michael Perry Chair and independent member

Peter Lewinsky independent member

Peter Moloney independent member

Pam Mitchell independent member

Kylie White DEDJTR

Sue Jacquinot DEDJTR

Legislation administered by the departmentLegislation administered by the department between 1 July 2015 and 30 June 2016 is detailed at economicdevelopment.vic.gov.au


Entities*

Agriculture, energy and resources• Agriculture Victoria Services

• Biosciences Research Centre Joint Venture Board

Regulatory authorities:

• Dairy Food Safety Victoria

• Energy Safe Victoria

• Game Management Authority

• Office of the Mining Warden

• PrimeSafe

• Veterinary Practitioners Registration Board of Victoria

• VicForests

Creative VictoriaCompanies and other entities include:

• Australian Centre for the Moving Image

• Arts Centre Melbourne

• Docklands Studios Melbourne

• Film Victoria

• Geelong Performing Arts Centre

• Melbourne Recital Centre

• Museum Victoria

• National Gallery of Victoria

• State Library of Victoria

Economic development, employment and innovationCompanies companies and other entities include:

• Australian Grand Prix Corporation

• Emerald Tourist Railway Board

• Federation Square

• MCG Trust

• Melbourne and Olympic Parks Trust

• Melbourne Convention and Exhibition Trust

• Tourism Victoria

• Regional Development Victoria

• Major Projects Victoria

• LaunchVic

Regulatory authorities:

• Office of the Small Business Commissioner

Transport and infrastructure• Gippsland Ports

• Port of Hastings Development Authority

• Port of Melbourne Corporation

• Public Transport Victoria

• V/Line

• VicRoads

• VicTrack

• Victorian Regional Channels Authority

Administrative Offices:

• Level Crossing Removal Authority

• Melbourne Metro Rail Authority

Regulatory Authorities:

• Office of the Chief Investigator, Transport Safety

• Public Transport Ombudsman

• Taxi Services Commission

• Transport Safety Victoria

* As at 30 June 2016


01 OVERVIEW

ORGANISATIONAL CHARTAs at 30 June 2016

ECONOMIC DEVELOPMENT, EMPLOYMENT AND INNOVATION

JUSTIN HANNEYLead Deputy Secretary

DEPARTMENT OF ECONOMIC DEVELOPMENT, JOBS, TRANSPORT AND RESOURCES

RICHARD BOLT Secretary

CREATIVE VICTORIA

ANDREW ABBOTTDeputy Secretary

AGRICULTURE, ENERGY AND RESOURCES

LUKE WILSONLead Deputy Secretary

INDUSTRIAL RELATIONS VICTORIA

MATT O’CONNORDeputy Secretary

AGENCIES AND INFRASTRUCTURE

MICHAEL O’LEARYDirector

ARTS SECTOR INVESTMENT

GREG ANDREWSDirector

DESIGN AND SCREEN INDUSTRY DEVELOPMENT

GONUL SERBESTActing Director

STRATEGY AND INTERNATIONAL ENGAGEMENT

DEBBIE KIPERDirector

STRATEGIC MARKETING AND COMMUNICATIONS

LINDA FLEETDirector

AGRICULTURE AND RURAL

EMILY PHILLIPSDeputy Secretary

ENERGY AND EARTH RESOURCES

NATALIA SOUTHERNDeputy Secretary

MARKET ACCESS AND REGULATION

VACANT

AGRICULTURE SERVICES AND BIOSECURITY OPERATIONS

BETH JONESExecutive Director

INVESTMENT AND ECONOMIC PROJECTS

MATT CARRICKDeputy Secretary

MAJOR PROJECTS VICTORIA

TIM BAMFORDExecutive Director

REGIONAL DEVELOPMENT VICTORIA

JAMES FLINTOFTDeputy Secretary Chief Executive

SECTOR DEVELOPMENT AND PROGRAMS

AMANDA CAPLES Deputy Secretary

TRADE VICTORIA

JAY MEEKDeputy Secretary

VISIT VICTORIA

TIM ADAInterim Chief Executive Officer


STRATEGY AND PLANNING

ANTHEA HARRISLead Deputy Secretary

CORPORATE SERVICES

SUE EDDYLead Deputy Secretary

ECONOMIC DEVELOPMENT STRATEGIC PROJECTS

GRAEME MADDERNExecutive Director

FINANCIAL MANAGEMENT

GREG FORCKChief Financial Officer

MINISTERIAL AND PORTFOLIO SERVICES

JAMES KELLYExecutive Director

OFFICE OF THE CHIEF OPERATING OFFICER

JAMES FLORENTChief Operating Officer

PEOPLE AND WORKPLACE SERVICES

VICKI LAHEYExecutive Director

PROCUREMENT GOVERNANCE AND SUPPORT

LISA WILLIAMSChief Procurement Officer

TECHNOLOGY SERVICES

ALEX JONESChief Information Officer

LEGAL AND LEGISLATION

LOUISE JOHNSONExecutive Director General Counsel

EMERGENCY MANAGEMENT

RUSSELL MCMURRAYActing Executive Director

POLICY, PLANNING AND PERFORMANCE

PETER BETSONExecutive Director

STRATEGIC COMMUNICATIONS

MICHAEL HOPKINSExecutive Director

TRANSPORT

GILLIAN MILESLead Deputy Secretary

OFFICE OF THE SECRETARY

SHARN ENZINGER Director

COORDINATOR-GENERAL, MAJOR TRANSPORT INFRASTRUCTURE PROGRAM

COREY HANNETTCoordinator-General

ADMINISTRATIVE OFFICES

INTERGOVERNMENTAL RELATIONS

LACHLAN MCDONALDExecutive Director

OFFICE OF THE COORDINATOR-GENERAL

ANNE TAYLORStrategic Safety Adviser

JOSHUA MILLERDirector, Commercial and Legal Program

MATT PHELANDirector, Strategic Stakeholder Management

MAX COFFMANAssistant Director, Central Agencies

NETWORK PERFORMANCE AND INVESTMENT

DEAN TIGHEExecutive Director

ROLLING STOCK DEVELOPMENT

WENDY MCMILLANChief Executive Officer

TRANSPORT NETWORK DEVELOPMENT

ROBERT ABBOUDDeputy Secretary

TRANSPORT POLICY AND PLANNING

MEGAN BOURKE-O’NEILDeputy Secretary

LEVEL CROSSING REMOVAL AUTHORITY

KEVIN DEVLINChief Executive Officer

MELBOURNE METRO RAIL AUTHORITY

EVAN TATTERSALLChief Executive Officer


01 OVERVIEW

Agriculture, Energy and Resources Group • Led immediate response to an outbreak

of blue-green algae along the Murray River area, an outbreak of Giant Pine Scale near Tyabb and a report of suspected foot-and-mouth disease near Echuca

• Delivered drought support programs for farmers and local communities in north-west Victoria

• Commissioned the Next Generation Sequencing Facility at AgriBio to support the continuation of world-class research, development and extension work

• Oversaw the discontinuation of net fishing practices in Port Phillip Bay

• Launched the Target One Million fishing initiative to encourage recreational fishing

• Developed medicinal cannabis legislation

• Launched the Agriculture Infrastructure and Jobs Fund

• Coordinated response to sudden farm gate price reductions in the dairy industry

• Contributed significantly to the Hazelwood Mine Fire Inquiry and subsequent government response to the inquiry, with a focus on mine rehabilitation

• Developed the state’s Renewable Energy Roadmap

• Released the state’s Energy Efficiency and Productivity Statement, and the Guide to Community-Owned Renewable Energy for Victorians

• Reviewed and expanded the Victorian Energy Efficiency Target Scheme

• Completed regulatory and policy work on Victoria’s quarrying resources to support the state’s construction sector

• Reformed Victoria’s earth resources regulator and improved the community and stakeholder engagement approach

• Launched round one Target grants for mineral exploration

• Developed the New Energy Technologies Sector Strategy to outline the Victorian Government’s energy sector transformation priorities

• Launched the Renewable Certificate Purchasing Initiative to support the development of renewable energy projects in Victoria.

Coordinator-General• Removed four level crossings with 15 other

level crossing removals commenced at 30 June

• Released the Metro Tunnel business case

• Submitted and publicly exhibited the Metro Tunnel Environment Effects Statement

• Awarded the Metro Tunnel early works contract (managing contractor), with the Tunnel and Stations Public Private Partnership and Rail Systems package procurements underway

• Commenced procurement of the Mernda Rail Extension Project and the Hurstbridge Line Upgrade.

Corporate Services Group • Launched DEDJTR Connects, the department’s

organisational development strategy

• Launched Bullarto-Buluk, the department’s Aboriginal Inclusion Action Plan

• Undertook departmental funding sustainability reviews, and achieved significant savings in fees payable to external suppliers

• Provided strategic analysis and support for the 2016-17 State Budget process

• Provided commercial support and analysis for major portfolio re-contracting activities, and legal advice relating to the legal risks and operational impact to the department relating to the Port of Melbourne sale

• Provided license conditions for the Hazelwood Mine in response to the recommendations of the Hazelwood Mine Fire Inquiry

• Created the legal framework to support the creation of Transport for Victoria, Visit Victoria, LaunchVic and the Small Business Commissioner

• Created the energy policy, Earth Resources Regulation, and executed the sale of the Iona gas storage facility

• Prepared 42 Bills for Parliament and made 30 Regulations

• Developed DEDJTR’s Risk Management Framework, Integrity Framework, Procurement Framework, Governance of Portfolio Performance Framework, Information and Communications Technology (ICT) Project Management Framework; and initiated implementation of the whole-of-government Asset Management Framework

ACHIEVEMENTS 2015-16


• Consolidated systems from predecessor departments including a ministerial correspondence system, payroll system (from five to one), contract management system (with interface to the finance system) and ICT systems (including HR systems and new internet and intranet sites)

• Completed the first phase of the CBD accommodation consolidation project

• Implemented new learning and development programs, and established an online induction program

• Delivered department-wide procurement reform, including consultation and delivery of face-to-face training across the state, and introduced a department-wide forward procurement activity plan

• Developed the department’s ICT Strategy and three-year work plan

• Delivered ICT improvements, including reduced sign-ons, mobile device management, VIP service and Microsoft Home Use Program for staff at no cost.

Creative Victoria• Launched Creative State, Victoria’s first creative

industries strategy

• Commenced the redevelopment of the Geelong Performing Arts Centre and the State Library of Victoria

• Supported cultural agencies to present major exhibitions including the record-breaking Andy Warhol | Ai Weiwei exhibition at the National Gallery of Victoria and the David Bowie is exhibition at the Australian Centre for the Moving Image

• Staged the first Melbourne International Games Week

• Achieved recognition and success internationally, including through Malthouse Theatre’s presentation of King Lear at London’s Barbican Centre, The Australian Ballet’s tour of China and the release of the film The Dressmaker

• Increased the capacity to attract international talent, exhibitions and screen productions to Victoria.

Economic Development, Employment and Innovation Group • Facilitated 105 investment projects across

regional Victoria and metropolitan Melbourne creating $2.46 billion in capital expenditure and more than 5500 jobs

• Opened the Melbourne Wholesale Fruit, Vegetable and Flower Market housing 4000 businesses that buy and sell fresh produce for distribution throughout Victoria and the nation

• Supported the Victorian Inquiry into Insecure Work and Labour Hire Arrangements

• Established the Central Bargaining Unit in Industrial Relations Victoria to oversee the enterprise bargaining framework for the Victorian public sector, including more than 150 agreements and affecting more than 278,000 Victorian public sector employees

• Released the Victorian Regional Statement featuring the $34 million Regional Skills Fund and a pipeline of the 10 most significant regional tourism projects

• Created nine regional partnerships to facilitate the direction of localised priorities directly to government decision-makers

• Led economic recovery in support of businesses and local economies including the 2015-16 Barnawartha and Scotsburn bushfire, the 2015 Wye River-Separation Creek fire and Gippsland’s blue-green algae outbreak

• Contributed to the delivery of the $27 million Drought Response Package

• Launched eight Future Industries Sector Strategies covering food and fibre, medical technology and pharmaceuticals, new energy technology, defence, transport technologies, construction technologies, professional services and international education

• Launched the $20 million Sector Growth Program, the $20 million New Energy Jobs Fund and the $5 million Future Industries Manufacturing Program

• Launched Towards Future Industries: Victoria’s Automotive Transition Plan

• Established LaunchVic and released the first round of the program’s grants funding


01 OVERVIEW

Economic Development, Employment and Innovation Group (continued)• Facilitated the establishment of the Grand Final

Friday and Easter Sunday public holidays

• Established the Major Project Skills Guarantee to encourage an increased use of local apprentices, trainees and engineering cadets on publicly-funded projects

• Secured 10-year agreements to stage both the Australian Motorcycle Grand Prix (MotoGP) and the Australian round of the FIM Superbike World Championship at Phillip Island

• Delivered a program of 14 inbound and 20 outbound trade missions involving more than 1650 companies and generating more than $90 million in immediate sales and estimated projected sales totalling $440 million

• Established the Asia Capabilities and Scholarships Program to build the skills of Victorian public servants directly involved in trade promotion, investment attraction and engagement with Asian markets

• Commenced upgrade works on the Palais Theatre and the Flinders Street Station administration building

• Nominated 1786 skilled migrants and 1790 investor and business migrants who have a stated intention to invest at least $2 billion into Victoria.

Strategy and Planning Group • Developed DEDJTR Delivers, the department’s

updated strategic plan

• Developed an economic narrative and integrated evidence base to support the government’s communication of Victoria’s economic performance, key trends and outlook, and economic priorities

• Completed a review of Victorian Government employment programs and contributed to the development of the Jobs Victoria initiative announced in the 2016-17 Budget

• Developed an Outcomes Framework to articulate the department’s 10-year outcomes and help measure progress

• Published the department’s guide to making regulation and contributed to the department’s regulatory model project

• Launched the department’s new website and staff intranet

• Developed the department’s new corporate branding in alignment with the government’s new Brand Victoria

• Coordinated the department’s emergency management response and recovery, including the Wye River – Separation Creek fires and blue green algae outbreak

• Provided emergency management support for critical infrastructure (eight transport and seven energy) as designated under the Emergency Management Act 2013

• Launched the online Emergency Management Summary reporting system and the department’s Emergency Management Capacity Guidelines.


Transport Group• Facilitated the lease of the Port of Melbourne

• Coordinated DEDJTR’s input into the Victorian Government’s 2015 submission to Infrastructure Australia’s National Infrastructure Plan and priority list

• Supported ministers and senior officials in progressing national reforms through the Council of Australian Governments (COAG) including the harmonisation of rolling stock standards to support the domestic manufacturing industry

• Delivered 50 small-scale, high-value transport projects in regional Victoria in partnership with local government through the Transport Investing in Regions initiative

• Achieved government endorsement of the department’s approach to transport planning through the Network Development Strategy

• Led the Ticketing Compliance and Enforcement Review which made recommendations leading to a range of reforms including the removal of penalty fares and improvements to infringement management procedures

• Established the Taxi and Hire Car Ministerial Forum, a key stakeholder group responsible for progressing the development of ride-share reforms

• Established and implemented the Taxi Reform Hardship Fund which distributed hardship payments to 32 members of the industry facing difficulty in response to recent taxi industry changes

• Reviewed the Multi-Purpose Taxi Program which will inform further work to improve the quality and availability of transport services for Victorians with a disability

• Completed planning for a future freight corridor through Fishermans Bend

• Commenced works at Flinders Street Station as part of a $100 million government commitment

• Developed the Frankston Station Precinct Redevelopment Master Plan, allocated funding and commenced works

• Established Active Transport Victoria

• Released Connecting Regional Victoria (Victoria’s Regional Network Development Plan) that will deliver more tracks, more trains, better facilities and more services to the people of regional Victoria over the next 20 years

• Completed stage one of the Murray Basin Rail Project, which included laying more than 175,000 sleepers, the replacement of 3400 metres of rail and the refurbishment of almost 10 kilometres of track across the Murray Basin region in north-western Victoria.


02 FINANCIAL PERFORMANCE



INTRODUCTION

The attached financial statements for the year ended 30 June 2016 include the Department of Economic Development, Jobs, Transport and Resources (DEDJTR) and the following statutory appointments and administrative offices:

• Chief Investigator, Transport Safety (statutory appointment)

• Director, Transport Safety (Safety Director) (statutory appointment)

• Level Crossing Removal Authority (administrative office)

• Linking Melbourne Authority (statutory body)

• Major Projects Victoria (statutory body)

• Melbourne Metro Rail Authority (administrative office)

• Office of the Small Business Commissioner (statutory appointment)

• Regional Development Victoria (statutory body)

• Regional Rail Link Authority (administrative office - abolished 31 May 2016)

• Victoria Trade and Investment Office Pty Ltd (statutory body)

• Victorian Mining Warden (statutory appointment).

The Department of Economic Development, Jobs, Transport and Resources is a government department of the State of Victoria.

A description of the nature of DEDJTR’s operations and its principal activities are included in the report of operations.

For queries in relation to these financial statements please call (03) 9208 3333 or visit ecodev.vic.gov.au

CONTENTS

Accountable officer’s and chief finance and accounting officer’s declaration ........................................................................................................................................................................................21

Comprehensive operating statement for the financial year ended 30 June 2016 ..........................................................................................................................................................................22

Balance sheet as at 30 June 2016 ...............................................................................................................................................................................................23

Statement of changes in equity for the financial year ended 30 June 2016 ......................................................................................................................................................................... 24

Cash flow statement for the financial year ended 30 June 2016 ..........................................................................................................................................................................25

Notes to the financial statements for the financial year ended 30 June 2016 ......................................................................................................................................................................... 26


Auditing in the Public Interest

INDEPENDENT AUDITOR’S REPORT

To the Secretary, Department of Economic Development, Jobs, Transport & Resources

The Financial Report

I have audited the accompanying financial report for the year ended 30 June 2016 of the Department of Economic Development, Jobs, Transport & Resources which comprises the comprehensive operating statement, balance sheet, statement of changes in equity, cash flow statement, notes comprising a summary of significant accounting policies and other explanatory information, and the accountable officer’s and chief finance and accounting officer’s declaration.

The Secretary’s Responsibility for the Financial Report

The Secretary of the Department of Economic Development, Jobs, Transport & Resources is responsible for the preparation and fair presentation of the financial report in accordance with Australian Accounting Standards, and the financial reporting requirements of the Financial Management Act 1994, and for such internal control as the Secretary determines is necessary to enable the preparation and fair presentation of the financial report that is free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

As required by the Audit Act 1994, my responsibility is to express an opinion on the financial report based on the audit, which has been conducted in accordance with Australian Auditing Standards. Those standards require compliance with relevant ethical requirements relating to audit engagements and that the audit be planned and performed to obtain reasonable assurance about whether the financial report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The audit procedures selected depend on judgement, including the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, consideration is given to the internal control relevant to the entity’s preparation and fair presentation of the financial report in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of accounting estimates made by the Secretary, as well as evaluating the overall presentation of the financial report.

I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion.



2 Auditing in the Public Interest

Independent Auditor’s Report (continued)

Independence

The Auditor-General’s independence is established by the Constitution Act 1975. The Auditor-General is not subject to direction by any person about the way in which his powers and responsibilities are to be exercised. In conducting the audit, I and my staff and delegates have complied with the applicable independence requirements of the Australian Auditing Standards and relevant ethical pronouncements.

Opinion

In my opinion, the financial report presents fairly, in all material respects, the financial position of the Department of Economic Development, Jobs, Transport & Resources as at 30 June 2016 and its financial performance and its cash flows for the year then ended in accordance with applicable Australian Accounting Standards, and the financial reporting requirements of the Financial Management Act 1994.

MELBOURNE Dr. Peter Frost 2 September 2016 Acting Auditor-General


Accountable Officer’s and Chief Finance and Accounting Officer’s declarationThe attached financial statements for the Department of Economic Development, Jobs, Transport, and Resources have been prepared in accordance with Standing Direction 4.2 of the Financial Management Act 1994, applicable Financial Reporting Directions, Australian Accounting Standards including interpretations and other mandatory professional reporting requirements.

We further state that, in our opinion, the information set out in the comprehensive operating statement, balance sheet, statement of changes in equity, cash flow statement and accompanying notes, presents fairly the financial transactions during the year ended 30 June 2016 and the financial position of the Department of Economic Development, Jobs, Transport, and Resources as at 30 June 2016.

At the time of signing, we are not aware of any circumstance which would render any particulars included in the financial statements to be misleading or inaccurate.

We authorise the attached financial statements for issue.

Richard Bolt Greg Forck

Secretary Chief Finance and Accounting Officer

Department of Economic Development, Jobs, Transport and Resources


30 August 2016 Melbourne

30 August 2016 Melbourne



Comprehensive operating statement for the financial year ended 30 June 2016

($ thousand)

Note 2016 2015 (i)

Income from transactions

Output appropriations 4(A) 6,628,394 3,615,363

Regional Growth Fund appropriations 4(A) 125,000 121,377

Special appropriations 4(B) 778 908

Grants 5(C) 123,636 105,527

Sale of services 5(A) 17,243 20,962

Interest 5(B) 6,345 6,179

Fair value of assets and services received free of charge 3,585 1,798

Other income 5(D) 40,419 169,021

Total income from transactions 6,945,400 4,041,135

Expenses from transactions

Grants and other transfers 6(D) (5,963,298) (3,147,719)

Employee expenses 6(A) (350,208) (236,291)

Capital asset charge (71,587) (43,240)

Depreciation and amortisation 6(B) (46,071) (29,592)

Interest expense 6(C) (21,460) (12,043)

Fair value of assets and services provided free of charge (1,757) (1,597)

Other operating expenses 6(E) (428,723) (378,573)

Total expenses from transactions (6,883,104) (3,849,055)

Net result from transactions 62,296 192,080

Other economic flows included in net result

Net losses on non-financial assets 7(A) (9,480) (42,433)

Net losses on financial instruments 7(B) (551) (2)

Other gains/(losses) from other economic flows 7(C) 19,263 (244)

Total other economic flows included in net result 9,232 (42,679)

Net result 71,528 149,401

Other economic flows - other comprehensive income

Items that will not be classified to net result

Transfer of asset revaluation surplus to accumulated surplus 24(C) 4 2,997

Changes in physical asset revaluation reserve 24(C) 96,618 (17,451)

Composite reporting of Linking Melbourne Authority 24(B) (126,999) -

Total other economic flows - other comprehensive income (30,377) (14,454)

Comprehensive result 41,151 134,947

The above comprehensive operating statement should be read in conjunction with the notes to the financial statements.

(i) Consistent with the Order abolishing and renaming departments under section 10 of the Public Administration Act 2004, (Victoria Government Gazette No. S 432), the 2015 amounts are for the former Department of State Development, Business and Innovation (for 12 months) which was renamed to the Department of Economic Development, Jobs, Transport and Resources on 1 January 2016 and for the former Transport, Agriculture and Creative Victoria Groups (for the six months from 1 January 2015).


Balance sheet as at 30 June 2016

($ thousand)

Note 2016 2015 (i)

Assets

Financial assets

Cash and cash equivalents 23(A) 1,608,690 1,485,724

Receivables 8 1,363,478 1,311,570

Investments 9(A) 71 94

Total financial assets 2,972,239 2,797,388

Non-financial assets

Inventories 14 203 412

Non-financial physical assets classified as held for sale including disposal group assets

13 41,732 17,046

Property, plant and equipment 10 1,525,895 1,372,196

Intangible assets 12 55,425 62,143

Biological assets 11 1,989 1,730

Other non-financial assets 4,308 4,709

Total non-financial assets 1,629,552 1,458,236

Total assets 4,601,791 4,255,624

Liabilities

Payables 15 1,223,854 1,090,205

Borrowings 16 391,706 283,354

Provisions 17(B) 153,190 172,155

Other liabilities 2,479 5,061

Liabilities directly associated with assets classified as held for sale including disposal groups

13 201 33

Total liabilities 1,771,430 1,550,808

Net assets 2,830,361 2,704,816

Equity

Contributed capital 24(A) 2,382,511 2,298,113

Accumulated surplus 24(B) 346,034 401,501

Physical asset revaluation surplus 24(C) 101,816 5,202

Net worth 2,830,361 2,704,816

Commitments for expenditure 20

Contingent assets and contingent liabilities 21

The above balance sheet should be read in conjunction with the notes to the financial statements.



Statement of changes in equity for the financial year ended 30 June 2016

($ thousand)

NoteContributed

capitalAccumulated

surplus

Physical asset revaluation

surplus Total

Balance at 1 July 2014 780,721 249,103 25,650 1,055,474

Net result for the year - 149,401 - 149,401

Revaluation decrement 24(C) - - (17,451) (17,451)

Capital appropriations 24(A) 958,313 - - 958,313

Capital contributions to agencies within the portfolio

24(A) (850,886) - - (850,886)

Administrative restructure and other transfers - net assets received

1,905,798 - - 1,905,798

Administrative restructure and other transfers - net assets transferred

(17,274) - - (17,274)

Net assets transferred to other government entities

24(A) (478,559) - - (478,559)

Transfers to accumulated surplus - 2,997 (2,997) -

Balance at 30 June 2015 (i) 2,298,113 401,501 5,202 2,704,816

Net result for the year - 71,528 - 71,528

Transfer to contributed capital (ii) 3 162,089 (126,999) - 35,090

Revaluation increment 24(C) - - 96,618 96,618

Capital appropriations 24(A) 2,140,839 - - 2,140,839

Capital contributions to agencies within the portfolio

24(A) (1,457,855) - - (1,457,855)

Net assets transferred to other government entities

24(A) (781,793) - - (781,793)

Net assets transferred from other government entities

24(A) 21,118 - - 21,118

Transfers to accumulated surplus - 4 (4) -

Balance at 30 June 2016 2,382,511 346,034 101,816 2,830,361

The above statement of changes in equity should be read in conjunction with the notes to the financial statements.

(i) Consistent with the Order abolishing and renaming departments under section 10 of the Public Administration Act 2004, (Victoria Government Gazette No. S 432), the 2015 amounts are for the former Department of State Development, Business and Innovation (for 12 months) which was renamed to the Department of Economic Development, Jobs, Transport and Resources, and for the former Transport, Agriculture and Creative Victoria Groups (for the six months from 1 January 2015).

(ii) Linking Melbourne Authority net assets for 30 June 2016 are consolidated within DEDJTR financial statements.


Cash flow statement for the financial year ended 30 June 2016

($ thousand)

Note 2016 2015 (i)

Cash flows from operating activities

Receipts

Receipts from Victorian Government 6,631,759 3,526,118

Receipts from other entities 288,277 228,040

Goods and Services Tax recovered from the ATO (ii) 124,215 55,698

Sale of services 15,383 20,962

Interest received 6,345 6,179

Total receipts 7,065,979 3,836,997

Payments

Payments of grants and other transfers (6,166,689) (3,254,537)

Payments to suppliers and employees (527,545) (418,115)

Capital asset charge payments (71,587) (43,240)

Interest and other costs of finance paid (21,460) (12,043)

Total payments (6,787,281) (3,727,935)

Net cash flows from operating activities 23(B) 278,698 109,062

Cash flows from investing activities

Payments for property, plant and equipment (873,877) (129,521)

Payments for intangible assets (326) (4,201)

Sale of biological assets 680 800

(Purchases)/sales of non-financial assets (3,950) 1,668

Cash proceeds from consolidation of statutory authority 5,880 -

Net cash flows used in investing activities (871,593) (131,254)

Cash flows from financing activities

Owner contributions by Victorian Government 2,140,839 958,313

Payments of capital contribution funding to portfolio entities (1,457,855) (850,886)

Receipts/(payments) of loans and advances 32,877 20,487

Cash received from activity transferred in - MOG changes - 1,000,491

Cash transferred on activity transferred out - MOG changes - (17,249)

Net cash flows from/(used in) financing activities 715,861 1,111,156

Net increase in cash and cash equivalents 122,966 1,088,964

Cash and cash equivalents at the beginning of the financial year 1,485,724 396,760

Cash and cash equivalents at the end of the financial year 23(A) 1,608,690 1,485,724

The above cash flow statement should be read in conjunction with the accompanying notes.

(i) Consistent with the Order abolishing and renaming departments under section 10 of the Public Administration Act 2004, (Victoria Government Gazette No. S 432), the 2015 amounts are for the former Department of State Development, Business and Innovation (for 12 months) which was renamed to the Department of Economic Development, Jobs, Transport and Resources, and for the former Transport, Agriculture and Creative Victoria Groups (for the six months from 1 January 2015).

(ii) Goods and Services Tax (GST) recovered/(paid) to the ATO is presented on a net basis.



Notes to the financial statements for the financial year ended 30 June 2016

Note 1 Summary of significant accounting policies

2 Departmental (controlled) outputs

3 Composite reporting of Linking Melbourne Authority

4 Summary of compliance with annual parliamentary and special appropriations

5 Income from transactions

6 Expenses from transactions

7 Other economic flows included in net result

8 Receivables

9 Investments

10 Property, plant and equipment

11 Biological assets

12 Intangible assets

13 Non-financial physical assets classified as held for sale including disposal group assets and directly associated liabilities

14 Inventories

15 Payables

16 Borrowings

17 Provisions

18 Superannuation

19 Leases

20 Commitments for expenditure

21 Contingent assets and liabilities

22 Financial instruments

23 Cash flow information

24 Equity

25 Administered (non-controlled) items

26 Ex gratia expenses

27 Annotated income agreements

28 Trust account balances

29 Responsible persons

30 Remuneration of executives and payments to other personnel

31 Remuneration of auditors

32 Subsequent events

33 Glossary of terms


Note 1. Summary of significant accounting policiesThese annual financial statements represent the audited general purpose financial statements for the Department of Economic Development, Jobs, Transport and Resources (DEDJTR) for the financial year ended 30 June 2016.

The purpose of the report is to provide users with information about DEDJTR’s stewardship of resources entrusted to it.

(A) Statement of complianceThese general purpose financial statements have been prepared in accordance with the Financial Management Act 1994 (FMA) and applicable Australian Accounting Standards (AAS), which include interpretations issued by the Australian Accounting Standards Board (AASB). In particular, they are presented in a manner consistent with the requirements of AASB 1049 Whole-of-Goverment and General Government Sector Financial Reporting. Where appropriate, those AAS paragraphs applicable to not-for-profit entities have been applied.

Accounting policies are selected and applied in a manner which ensures that the resulting financial information satisfies the concepts of relevance and reliability, thereby ensuring that the substance of the underlying transactions or other events is reported.

To gain a better understanding of the terminology used in this report, please see the glossary of terms at the end of this report.

The financial statements were authorised for issue by the Secretary of DEDJTR on 30 August 2016.

(B) Basis of accounting preparation and measurement

The accrual basis of accounting has been applied in the preparation of these financial statements whereby assets, liabilities, equity, income and expenses are recognised in the reporting period to which they relate, regardless of when cash is received or paid.

Judgements, estimates and assumptions are required to be made about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on professional judgements derived from historical experience and various other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

The estimates and associated assumptions are reviewed on an ongoing basis.

Revisions to accounting estimates are recognised in the period in which the estimate is revised and also future periods that are affected by the revision. Judgements and assumptions made by management in the application of AAS that have significant effects on the financial statements and estimates relate to:

• the fair value of land, buildings, infrastructure, plant and equipment and biological assets (refer to Note 1(L))

• superannuation expense (refer to Note 1(G))

• assumptions for employee benefit provisions based on likely tenure of existing staff, patterns of leave claims, future salary movements and future discount rates (refer to Note 1(M)).

These financial statements are presented in Australian dollars, and prepared in accordance with the historical cost convention except for non-current physical assets which, subsequent to acquisition, are measured at a revalued amount being their fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent impairment losses. Revaluations are made with sufficient regularity to ensure that the carrying amounts do not materially differ from their fair value. The fair value of non-current physical assets, other than land, is generally based on its depreciated replacement value.

Consistent with AASB 13 Fair Value Measurement, DEDJTR determines the policies and procedures for both recurring fair value measurements such as property, plant and equipment, biological assets and financial instruments in accordance with the requirements of AASB 13 and the relevant Financial Reporting Directions.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

• Level 1 — quoted (unadjusted) market prices in active markets for identical assets or liabilities

• Level 2 — valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable

• Level 3 — valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable.



Note 1. (continued)For the purpose of fair value disclosures, DEDJTR has determined classes of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.

In addition, DEDJTR determines whether transfers have occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period.

The Valuer-General Victoria (VGV) is DEDJTR’s independent valuation agency.

AASB 116 requires that revaluations be made with sufficient regularity to ensure that the carrying amount of an asset does not differ materially from that which would be determined using fair value, at the reporting date.

To ensure that regular revaluations of asset values can be undertaken in an effective and practicable manner, they occur according to the five-year cycle, whereby assets in a ‘Purpose Group’ are revalued within the relevant year over the life of the cycle, as provided in Financial Reporting Direction 103F Non-Financial Physical Assets.

Valuations must be made as at a specific date, even if reviews/preparation are undertaken over a longer time.

DEDJTR is allocated to three purpose groups. These are Transport and Communications – independent revaluation was performed during 2015; Public Safety and Environment – performed in 2016 and Public Administration to be performed in 2017.

DEDJTR, in conjunction with VGV, monitors changes in the fair value of each asset and liability through relevant data sources to determine whether revaluation is required.

In accordance with Financial Reporting Direction 103F, Non-Financial Physical Assets, DEDJTR revalued its Public Safety and Environment purpose group assets for the financial year ending 30 June 2016. The revaluation is recorded in the accounts of DEDJTR for the financial year ended 30 June 2016.

(C) Reporting entityThe financial statements cover DEDJTR as an individual reporting entity.

DEDJTR is a government department of the State of Victoria, established pursuant to an order made by the Premier under the Administrative Arrangements Act 1983.

DEDJTR’s principal address is:

Department of Economic Development, Jobs, Transport and Resources 1 Spring Street Melbourne VIC 3000

The financial statements include all controlled activities of DEDJTR for the financial year ending 30 June 2016.

The following statutory appointments and administrative offices are included in DEDJTR’s reporting entity:

• Regional Rail Link Authority (RRLA) is an administrative office established under section 11 of the Public Administration Act 2004. RRLA was established to deliver the Regional Rail Link Project (abolished 31 May 2016)

• Melbourne Metro Rail Authority is an administrative office established under section 11 of the Public Administration Act 2004, which will oversee the delivery of the Melbourne Metro Tunnel public works program

• Level Crossing Removal Authority is an administrative office established under section 11 of the Public Administration Act 2004, which will oversee the removal of identified level crossings across Victoria

• The Director, Transport Safety is a position established under section 171 of the Transport Integration Act 2010. The primary objective of the Director, Transport Safety is to independently seek the highest transport safety standards that are reasonably practicable, consistent with the vision statement and the transport system objectives

• The Chief Investigator, Transport Safety is a position established under section 179 of the Transport Integration Act 2010. The objective of the Chief Investigator, Transport Safety is to seek to improve transport safety by providing for the independent no-blame investigation of transport safety matters, consistent with the vision statement and the transport system objectives


• Victoria Trade and Investment Office Pty Ltd, a wholly owned subsidiary (statutory body) operating in China, was acquired on 1 July 2005 to enable the department to engage in trade and investment promotion activities in the South-East Asian region

• Office of the Small Business Commissioner was established under the Small Business Commissioner Act 2003, to provide businesses with independent guidance about business disputes

• Major Projects Victoria (MPV) is part of the department but derives its powers through delegation to the Executive Director MPV and other senior officers from the Secretary to the Department of Economic Development, Jobs, Transport and Resources, body corporate under the Project Development Construction and Management Act 1994 (Vic)

• Regional Development Victoria was established under the Regional Development Victoria Act 2002, to develop rural and regional Victoria

• Red Tape Commissioner’s role is to be a bridge between the business community and government and to recommend to government what red tape should be removed

• Victorian Mining Warden is an independent statutory office holder appointed under section 96 of the Mineral Resources (Sustainable Development) Act 1990 by the Governor in Council, to investigate and attempt to settle disputes, investigate matters referred by the minister, and to consider applications to waiver an exploration licence holder’s consent

• Linking Melbourne Authority was created under the Transport Integration Act 2010. The entity only exists as a shell and has been consolidated into the financial statements of DEDJTR.

A description of the nature of DEDJTR’s operations and its principal activities are included in the appendices to this report, which do not form part of the financial statements.

Objectives, funding and outputs of the department

Information about the department’s output activities and the expenses, income, assets and liabilities which are reliably attributable to those output activities, is set out in the output activities schedule (refer Note 2). Information about expenses, income, assets and liabilities administered by the department are given in the schedule of administered expenses and income and the schedule of administered assets and liabilities (refer Note 25).

(D) Basis of consolidationIn accordance with AASB 10 Consolidated Financial Statements:

• the consolidated financial statements of DEDJTR incorporate assets and liabilities of all reporting entities controlled by DEDJTR as at 30 June 2016, and their income and expenses for that part of the reporting period in which control existed, and

• the consolidated financial statements exclude bodies within the portfolio that are not controlled by DEDJTR and therefore are not consolidated into DEDJTR’s financial statements. Bodies and activities that are administered (refer explanation under ‘administered items’ below) are also not controlled and not consolidated into DEDJTR’s financial statements.

Where control of an entity is obtained during the financial period, its results are included in the comprehensive operating statement from the date on which control commenced. Where control ceases during a financial period, the entity’s results are included for that part of the period in which control existed.

Where dissimilar accounting policies are adopted by entities and their effect is considered material, adjustments are made to ensure consistent policies are adopted in these financial statements.

In the process of preparing consolidated financial statements for DEDJTR, all material transactions and balances between consolidated entities are eliminated.

Administered items

Certain resources are administered by DEDJTR on behalf of the state. While DEDJTR is accountable for the transactions involving administered items, it does not have the discretion to deploy the resources for its own benefit or the achievement of objectives. Accordingly transactions and balances relating to administered items are not recognised as departmental income, expenses, assets or liabilities within the body of the financial statements, but are disclosed in Note 25.

Administered income includes fees and fines and the proceeds from the sale of administered surplus land and buildings. Administered assets include government income earned but not yet collected. Administered liabilities include government expenses incurred but yet to be paid.

Except as otherwise disclosed, administered resources are accounted for on an accrual basis using the same accounting policies adopted for the recognition of the departmental items in the financial statements. Both controlled and administered items of DEDJTR are consolidated into the financial statements of the state.



Note 1. (continued)Disclosures related to administered items can be found in Note 25.

Funds held in trust

DEDJTR does not have any balances relating to third parties external to the Victorian Government.

(E) Scope and presentation of financial statements

Comprehensive operating statement

The comprehensive operating statement comprises three components, being ‘net result from transactions’ (or termed as ‘net operating balance’), ‘other economic flows included in net result’, as well as ‘other economic flows – other comprehensive income’. The sum of the former two represents the net result.

The net result is equivalent to profit or loss derived in accordance with AASs.

‘Other economic flows’ are changes arising from market remeasurements. They include:

• gains and losses from disposals of non-financial assets

• revaluations and impairments of non-financial physical and intangible assets

• fair value changes of financial instruments and agricultural assets and

• depletion of natural assets (non produced) from their use or removal.

This classification is consistent with the whole-of-Victorian Government reporting format and is allowed under AASB 101 Presentation of Financial Statements.

Balance sheet

Assets and liabilities are presented in liquidity order with assets aggregated into financial assets and non-financial assets. Current and non-current assets and liabilities (non-current generally being those assets or liabilities expected to be recovered or wholly settled more than 12 months after the reporting date) are disclosed in the notes, where relevant.

Cash flow statement

Cash flows are classified according to whether or not they arise from operating activities, investing activities, or financing activities. This classification is consistent with requirements under AASB 107 Statement of Cash Flows. For cash flow statement presentation purposes, cash and cash equivalents include bank overdrafts, which are included as current borrowings on the balance sheet.

Statement of changes in equity

The statement of changes in equity presents reconciliations of non-owner and owner changes in equity from opening balance at the beginning of the reporting period to the closing balance at the end of the reporting period. It also shows separately changes due to amounts recognised in the ‘comprehensive result’ and amounts related to ‘transactions with owner in its capacity as owner’.

Rounding

Amounts in the financial statements have been rounded to the nearest $1,000 unless otherwise stated. Figures in the financial statements may not equate due to rounding.

(F) Income from transactionsIncome is recognised to the extent that it is deemed probable that the economic benefits will flow to the entity and the income can be reliably measured at fair value. Where applicable, amounts disclosed as income are net of returns, allowances, duties and taxes. All amounts of income over which DEDJTR does not have control are disclosed as administered income in the schedule of administered income and expenses. Income recognised for each of DEDJTR’s major activities is:

Appropriation income

Appropriated income becomes controlled and is recognised by DEDJTR when it is appropriated from the consolidated fund by the Victorian Parliament and applied to the purposes defined under the relevant appropriations Act. Additionally, DEDJTR is permitted under section 29 of the FMA to have certain income annotated to the annual appropriation. The income which forms part of a section 29 agreement is recognised by DEDJTR and the receipts paid into the consolidated fund as an administered item. At the point of income recognition, section 29 provides for an equivalent amount to be added to the annual appropriation. Examples of receipts which can form part of a section 29 agreement are Commonwealth specific purpose grants, municipal council special purpose grants, the proceeds from the sale of assets and income from the sale of products and services. The section 29 appropriation is shown in Note 4.


Output appropriations

Income from the outputs that DEDJTR provides to government is recognised when those outputs have been delivered and the relevant minister has certified delivery of those outputs in accordance with specified performance criteria.

Regional Growth Fund (RGF) appropriations

RGF appropriations income becomes controlled and is recognised by DEDJTR when it is appropriated from the consolidated fund by the Victorian Parliament and applied to the purposes defined under the relevant appropriations Act. Established under the Regional Growth Fund Act 2011 (as amended by the Regional Development Victoria Amendment Jobs and Infrastructure Act 2015) to receive money that is appropriated by parliament for the purposes of the fund, money from the investments and money received from any other source for the purposes of the fund to be used for expenses incurred in administering, monitoring and reporting on the fund, to provide for better infrastructure, facilities and services, strengthen the economic, social and environmental bases of communities, create jobs and improve career opportunities, support the development and planning of local projects in rural and regional Victoria and to support the economic or community development of rural and regional Victoria.

Special appropriations

Under section 213A(4) of the Transport (Compliance and Miscellaneous) Act 1983, income related to administrative costs associated with ticket infringements, and under section 201VC of the Planning and Environment Act 1987 income related to the Growth Areas Public Transport Fund (GAPTF) and the Building New Communities Fund (BNCF) are recognised when the amount that is appropriated for that purpose is due and payable by DEDJTR.

Sale of services

Income from the supply of services is recognised by reference to the stage of completion of the services being performed. The income is recognised when the amount of income, stage of completion and transaction costs incurred can be reliably measured and it is probable that the economic benefits associated with the transaction will flow to DEDJTR.

Sales of goods and services includes regulatory fees which are recognised at the time the regulatory fee is billed.

Interest

Interest income includes interest received on bank term deposits and other investments. Interest income is recognised using the effective interest method of accounting which allocates the interest over the relevant period.

Net realised and unrealised gains and losses on the revaluation of investments do not form part of income from transactions, but are reported either as part of income from other economic flows in the net result or as unrealised gains or losses taken directly to equity, forming part of the total change in net worth in the comprehensive result.

Grants

Income from grants (other than contribution by owners) is recognised when DEDJTR obtains control over the contribution.

Where such grants are payable into the consolidated fund, they are reported as administered income (refer to Note 1(D) and 1(J)). For reciprocal grants (i.e. equal value is given back by DEDJTR to the provider), DEDJTR is deemed to have assumed control when DEDJTR has satisfied its performance obligations under the terms of the grant. For non-reciprocal grants, DEDJTR is deemed to have assumed control when the grant is receivable or received. Conditional grants may be reciprocal or non-reciprocal depending on the terms of the grant.

Sale of goods

Income from the sale of goods is recognised when:

• the department no longer has any of the significant risks and rewards of ownership of the goods transferred to the buyer

• the department no longer has continuing managerial involvement to the degree usually associated with ownership, nor effective control over the goods sold

• the amount of income, and the costs incurred or to be incurred in respect of the transactions, can be reliably measured and

• it is probable that the economic benefits associated with the transaction will flow to the department.

Fair value of assets and services received free of charge or for nominal consideration

Contributions of resources received free of charge or for nominal consideration are recognised at fair value when control is obtained over them, irrespective of whether these contributions are subject to restrictions or conditions over their use. Contributions in the form of services are only recognised when a fair value can be reliably determined and the services would have been purchased if not received as a donation.

Other income

Other income includes land development proceeds, trust income, fines and fees.



Note 1. (continued)

(G) Expenses from transactionsExpenses from transactions are recognised as they are incurred and reported in the financial year to which they relate.

Grants and other transfers

Grants and other transfers to third parties (other than distribution to owners) are recognised as an expense in the reporting period in which they are paid or payable. They include transactions such as grants, subsidies and other transfer payments made to state-owned agencies, local government and community groups. Refer to the glossary of terms at the end of this report for an explanation of grants and other transfers.

Employee expenses

Refer to the section in Note 1(M) regarding employee benefits.

These expenses include all costs related to employment including wages and salaries, fringe benefits tax, leave entitlements, redundancy payments and WorkCover premiums.

Superannuation

The amount recognised in the comprehensive operating statement is the employer contributions for members of both defined benefit and defined contribution superannuation plans that are paid or payable during the reporting period.

The Department of Treasury and Finance (DTF) in its annual financial statements, discloses on behalf of the state as the sponsoring employer, the net defined benefit liability related to the members of these plans as an administered liability. Refer to DTF’s Annual Financial Statements for more detailed disclosures in relation to these plans.

Capital asset charge

The capital asset charge is calculated on the budgeted carrying amount of applicable non-financial physical assets.

Depreciation and amortisation

All infrastructure assets, buildings, plant and equipment and other non-financial physical assets (excluding items under operating leases, assets held for sale and those that have finite useful lives) are depreciated.

Depreciation is generally calculated on a straight-line basis, at rates that allocate the asset’s value, less any estimated residual value, over its estimated useful life.

The estimated useful lives, residual values and depreciation methods are reviewed at the end of each annual reporting period and adjustments made where appropriate.

The following are the estimated useful lives for the different asset classes for current and prior years:

Useful life

Asset class 2016 2015

Buildings 25 to 100 years 25 to 100 years

Buildings leasehold 7 to 150 years 7 to 150 years

Infrastructure 4 to 90 years 4 to 90 years

Cultural assets 5 to 100 years 5 to 100 years

Leasehold improvements

8 to 15 years 8 to 15 years

Plant and equipment 3 to 42 years 3 to 42 years

Leased plant and equipment


Intangible produced assets – software development


Cultural assets, which are considered to have an indefinite life, are not depreciated. Depreciation is not recognised in respect of these assets because their service potential has not, in any material sense, been consumed during the reporting period.

Amortisation

Intangible produced and non-produced assets with finite useful lives are amortised as an expense from transactions on a systematic (typically straight line) basis over the asset’s useful life. Amortisation begins when the asset is available for use, that is, when it is in the location and condition necessary for it to be capable of operating in the manner intended by management.

On the other hand, the consumption of intangible non-produced assets with finite useful lives is not classified as a transaction, but as amortisation. Consequently, the amortisation is included as an other economic flow in the net result.

All intangible assets with indefinite useful lives are not depreciated or amortised, but are tested for impairment by comparing its recoverable amount with its carrying amount annually and whenever there is an indication that the intangible asset may be impaired (refer to Note 1(H)).

Interest expense

Interest expense represents costs incurred in connection with borrowings. It includes interest on components of finance lease repayments and amortisation of discounts or premiums in relation to borrowings.


Interest expense is recognised as an expense in the period in which it is incurred. Refer to the glossary of terms at the end of this report for an explanation of interest expense items.

Fair value of assets and services provided free of charge or for nominal consideration

Contributions of resources provided free of charge or for nominal consideration are recognised at their fair value when the transferee obtains control over them, irrespective of whether restrictions or conditions are imposed over the use of the contributions, unless received from another government department or agency as a consequence of a restructuring of administrative arrangements. In the latter case, such a transfer will be recognised at its carrying value.

Contributions in the form of services are only recognised when a fair value can be reliably determined and the services would have been sold if not donated.

Other operating expenses

Other operating expenses include supplies and services costs which are recognised as an expense in the reporting period in which they are incurred. The carrying amounts of any inventories held for distribution are expensed when distributed.

Bad and doubtful debts

Refer to Note 1(K) Impairment of financial assets.

(H) Other economic flows included in the net result

Other economic flows are changes in the volume or value of an asset or liability that does not result from transactions.

Net gain/(loss) on non-financial assets

Net gain/(loss) on non-financial assets and liabilities includes realised and unrealised gains and losses:

• Net gain/(loss) on disposal of non-financial assets Any gain or loss on the disposal of non-financial assets is recognised at the date of disposal and is determined after deducting the proceeds from the carrying value of the asset at that time.

• Impairment of non-financial assets Intangible assets with indefinite useful lives (and intangible assets not yet available for use) are tested annually for impairment (as described below) and whenever there is an indication that the asset may be impaired.

All other assets are assessed annually for indications of impairment, except for inventories, non-financial physical assets held for sale and certain biological assets related to agricultural activity.

If there is an indication of impairment, the assets concerned are tested as to whether their carrying value exceeds their recoverable amount. Where an asset’s carrying value exceeds its recoverable amount, the difference is written off as an other economic flow, except to the extent that the write down can be debited to an asset revaluation surplus amount applicable to that class of asset.

If there is indication that there has been a reversal in the estimate of an asset’s recoverable amount since the last impairment loss was recognised, the carrying amount shall be increased to its recoverable amount. This impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised in prior years.

It is deemed that, in the event of the loss or destruction of an asset, the future economic benefits arising from the use of the asset will be replaced unless a specific decision to the contrary has been made. The recoverable amount for most assets is measured at the higher of depreciated replacement cost and fair value less costs to sell.

Net gain/(loss) on financial instruments

Net gain/(loss) on financial instruments includes:

• realised and unrealised gains and losses from revaluations of financial instruments at fair value

• impairment and reversal of impairment for financial instruments at amortised cost (refer to Note 1(J))

• disposals of financial assets and derecognition of financial liabilities.

Revaluations of financial instruments at fair value

Refer to Note 1(J) Financial instruments.

Other gains/(losses) from other economic flows

Other gains/(losses) from other economic flows include the gains or losses from:

• transfer of amounts from the reserves and/or accumulated surplus to net result due to disposal or derecognition or reclassification; and

• the revaluation of the present value of the long service leave liability due to changes in the bond interest rates.



Note 1. (continued)

(I) Administered incomeTaxes, fines and regulatory fees

DEDJTR does not gain control over assets arising from taxes, fines, licence and regulatory fees and royalties, consequently no income is recognised in DEDJTR’s financial statements.

DEDJTR collects these amounts on behalf of the state. Accordingly, the amounts are disclosed as income in Note 25.

Grants from the Commonwealth Government and other jurisdictions

DEDJTR’s administered grants mainly comprise funds provided by the Commonwealth to assist the State Government in meeting general or specific delivery obligations, primarily for the purpose of aiding in the financing of the operations of the recipient, capital purposes and/or for on-passing to other recipients. DEDJTR also receives grants for on-passing from other jurisdictions. DEDJTR does not have control over these grants and is not recognised as income in DEDJTR’s financial statements. Administered grants are disclosed in Note 25.

(J) Financial instrumentsFinancial instruments arise out of contractual agreements that give rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Due to the nature of DEDJTR’s activities, certain financial assets and financial liabilities arise under statute rather than a contract. Such financial assets and financial liabilities do not meet the definition of financial instruments in AASB 132 Financial Instruments: Presentation. For example, statutory receivables arising from taxes, fines and penalties do not meet the definition of financial instruments as they do not arise under contract.

Where relevant, for note disclosure purposes, a distinction is made between those financial assets and financial liabilities that meet the definition of financial instruments in accordance with AASB 132 and those that do not.

The following refers to financial instruments unless otherwise stated.

Categories of non-derivative financial instruments

Loans and receivables Loans and receivables are financial instrument assets with fixed and determinable payments that are not quoted on an active market. These assets are initially recognised at fair value plus any directly attributable transaction costs.

Subsequent to initial measurement, loans and receivables are measured at amortised cost using the weight average interest method.

Loans and receivables category includes cash and deposits (refer to Note 1(K)), term deposits with maturity greater than three months, trade receivables, loans and other receivables, but not statutory receivables.

Held-to-maturity financial assets If DEDJTR has the positive intent and ability to hold nominated investments to maturity, then such financial assets may be classified as held-to-maturity. Held-to-maturity financial assets are recognised initially at fair value plus any directly attributable transaction costs. Subsequent to initial recognition held-to-maturity financial assets are measured at amortised cost using the weighted average interest method.

DEDJTR makes limited use of this classification because any sale or reclassification of more than an insignificant amount of held-to-maturity investments not close to their maturity, would result in the whole category being reclassified as available-for-sale. DEDJTR would also be prevented from classifying investment securities as held-to-maturity for the current and the following two financial years.

The held-to-maturity category includes certain term deposits for which DEDJTR intends to hold to maturity.

Financial assets and liabilities at fair value through profit and loss Financial assets are categorised as fair value through profit or loss at trade date if they are classified as held for trading or designated as such upon initial recognition. Financial instrument assets are designated at fair value through profit or loss on the basis that the financial assets form part of a group of financial assets that are managed by the entity concerned based on their fair values, and have their performance evaluated in accordance with documented risk management and investment strategies.

Financial instruments at fair value through profit or loss are initially measured at fair value and attributable transaction costs are expensed as incurred. Subsequently, any changes in fair value are recognised in the net result as other economic flows. Any interest on a financial asset is recognised in the net result from transactions.

Financial assets and liabilities at fair value through profit or loss include the majority of DEDJTR’s equity investments, debt securities, and borrowings.


Financial liabilities at amortised cost Financial instrument liabilities are initially recognised on the date they are originated. They are initially recognised at fair value plus any directly attributable transaction costs. Subsequent to initial recognition, these financial instruments are measured at amortised cost with any difference between the initial recognised amount and the redemption value being recognised in profit and loss over the period of the interest-bearing liability, using the weighted average interest rate method.

Financial instrument liabilities measured at amortised cost include DEDJTR’s leased motor vehicles, contractual payables, deposits held and advances received, and interest-bearing arrangements other than those designated at fair value through profit or loss.

Offsetting financial instruments

Financial instrument assets and liabilities are offset and the net amount presented in the consolidated balance sheet when, and only when, the department concerned has a legal right to offset the amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.

Reclassification of financial instruments

Subsequent to initial recognition and under rare circumstances, non derivative financial instruments assets that have not been designated at fair value through profit or loss upon recognition, may be reclassified out of the fair value through profit or loss category, if they are no longer held for the purpose of selling or repurchasing in the near term.

Financial instrument assets that meet the definition of loans and receivables may be reclassified out of the fair value through profit and loss category into the loans and receivables category, where they would have met the definition of loans and receivables had they not been required to be classified as fair value through profit and loss. In these cases, the financial instrument assets may be reclassified out of the fair value through profit and loss category, if there is the intention and ability to hold them for the foreseeable future or until maturity.

Available-for-sale financial instrument assets that meet the definition of loans and receivables may be reclassified into the loans and receivables category if there is the intention and ability to hold them for the foreseeable future or until maturity.

(K) Financial assetsCash and cash equivalents

Cash and deposits recognised on the balance sheet comprise cash on hand and cash at bank, deposits at call and those highly liquid investments (with an original maturity of three months or less), which are held for the purpose of meeting short-term cash commitments rather than for investment purposes, and are readily convertible to known amounts of cash with an insignificant risk of changes in value.

For cash flow statement presentation purposes, cash and cash equivalents include bank overdrafts, which are included as borrowings on the balance sheet.

Receivables

Receivables consist of contractual receivables, such as debtors in relation to goods and services and loans to third parties and statutory receivables, such as amounts owing from the Victorian Government and GST input tax credits recoverable.

Contractual receivables are classified as financial instruments and categorised as loans and receivables (refer to Note 1 (J) for recognition and measurement). Statutory receivables, are recognised and measured similarly to contractual receivables, but are not classified as financial instruments because they do not arise from a contract.

Receivables are subject to impairment testing as described below. A provision for doubtful receivables is recognised when there is objective evidence that the debts may not be collected and bad debts are written off when identified.

For measurement principles of receivables, refer to Note 1 (J).

Other financial assets

Investments are classified in the following categories:

• financial assets at fair value through profit or loss

• loans and receivables

• held-to-maturity

• available-for-sale financial assets.

Any dividend or interest earned on the financial asset is recognised in the comprehensive operating statement as a transaction.



Note 1. (continued)Derecognition of financial assets

A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is derecognised when:

• the rights to receive cash flows from the asset have expired; or

• DEDJTR retains the right to receive cash flows from the asset, but has assumed an obligation to pay them in full without material delay to a third party under a ‘pass through’ arrangement; or

• DEDJTR has transferred its rights to receive cash flows from the asset and either:

(a) has transferred substantially all the risks and rewards of the asset; or

(b) has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.

Where DEDJTR has neither transferred nor retained substantially all the risks and rewards or transferred control, the asset is recognised to the extent of DEDJTR’s continuing involvement in the asset.

Impairment of financial assets

At the end of each reporting period, DEDJTR assesses whether there is objective evidence that a financial asset or group of financial assets is impaired. All financial instrument assets, except those measured at fair value through profit or loss, are subject to annual review for impairment.

Receivables are assessed for bad and doubtful debts on a regular basis. Those bad debts considered as written off by mutual consent are classified as a transaction expense. Bad debts not written off by mutual consent and the allowance for doubtful receivables are classified as ‘other economic flows’ in the net result.

The amount of the allowance is the difference between the financial asset’s carrying amount and the present value of estimated future cash flows, discounted at the effective interest rate.

In assessing impairment of statutory (non-contractual) financial assets which are not financial instruments, professional judgement is applied in assessing materiality and using estimates, averages and computational shortcuts in accordance with AASB 136 Impairment of Assets.

(L) Non-financial assetsInventories

Inventories include goods and other property held either for sale, or for distribution at zero or nominal cost, or for consumption in the ordinary course of business operations.

Inventories held for distribution are measured at cost, adjusted for any loss of service potential. All other inventories, including land held for sale, are measured at the lower of cost and net realisable value. Where inventories are acquired for no cost or nominal consideration, they are measured at current replacement cost at the date of acquisition.

Cost, includes an appropriate portion of fixed and variable overhead expenses. Cost is assigned to land held for sale (undeveloped, under development and developed) and to other high value, low volume inventory items on a specific identification of cost basis. Cost for all other inventory is measured on the basis of weighted average cost.

Bases used in assessing loss of service potential for inventories held for distribution include current replacement cost and technical or functional obsolescence. Technical obsolescence occurs when an item still functions for some or all of the tasks it was originally acquired to do, but no longer matches existing technologies. Functional obsolescence occurs when an item no longer functions the way it did when it was first acquired.

Non-financial physical assets classified as held for sale, including disposal group assets

Non-financial physical assets (including disposal group assets) are treated as current and classified as held for sale if their carrying amount will be recovered through a sale transaction rather than through continuing use.

This condition is regarded as met only when:

• the asset is available for immediate use in the current condition;

• the sale is highly probable and the asset’s sale is expected to be completed in 12 months from the date of classification.

These non-financial physical assets, related liabilities and financial assets are measured at the lower of carrying amount and fair value less costs of disposal, and are not subject to depreciation or amortisation.


Property, plant and equipment

All non-financial physical assets are measured initially at cost and subsequently revalued at fair value less accumulated depreciation and impairment. Where an asset is acquired for no or nominal cost, the cost is its fair value at the date of acquisition. Assets transferred as part of a machinery-of-government change are transferred at their carrying amount. More details about the valuation techniques and inputs used in determining the fair value of non-financial physical assets are provided in Note 10 Property, plant and equipment.

The initial cost for non-financial physical assets under a finance lease (refer to Note 1(N)) is measured at amounts equal to the fair value of the leased asset or, if lower, the present value of the minimum lease payments, each determined at the inception of the lease.

Non-financial physical assets such as national parks, other Crown land and cultural assets are measured at fair value with regard to the property’s highest and best use after due consideration is made for any legal or physical restrictions imposed on the asset, public announcements or commitments made in relation to the intended use of the asset. Theoretical opportunities that may be available in relation to the asset are not taken into account until it is virtually certain that the restrictions will no longer apply. Therefore, unless otherwise disclosed, the current use of these non-financial physical assets will be their highest and best use.

Property, plant and equipment are measured at fair value, determined by reference to the asset’s depreciated replacement cost.

The fair value of infrastructure systems and plant, equipment and vehicles, is normally determined by reference to the asset’s depreciated replacement cost.

Certain assets are acquired under finance leases, which may form part of a service concession arrangement (i.e. public private partnership). Refer to Notes 1(N) Leases and 1(P) Commitments for more information.

The cost of constructed non-financial physical assets includes the cost of all materials used in construction, direct labour on the project, and an appropriate proportion of variable and fixed overheads.

More details about the valuation techniques and inputs used in determining the fair value of non-financial physical assets are discussed in Note 10 Property, plant and equipment.

Investments in joint operations

Joint ventures are joint arrangements whereby DEDJTR, via its control of the arrangement, has rights to the net assets of the arrangements.

In respect of any joint operations, DEDJTR recognises in the financial statements: its assets, including its share of any assets held jointly; its liabilities, including its share of any liabilities that it had incurred; its revenue from the sale of its share of the output from the joint operation and its expenses, including its share of any expenses incurred jointly.


The costs of leasehold improvements are capitalised as assets and depreciated over the shorter of the remaining term of the leases or the estimated useful life of the improvements.

Restrictive nature of cultural and heritage assets, Crown land and infrastructure assets

DEDJTR holds cultural assets, heritage assets, and other non-financial physical assets (including Crown land and infrastructure assets) that DEDJTR intends to preserve because of their unique historical, cultural or environmental attributes.

In general, the fair value of those assets is measured at the depreciated replacement cost. However, the cost of some heritage and iconic assets may be the reproduction cost rather than the replacement cost if those assets’ service potential could only be replaced by reproducing them with the same materials. In addition, as there are limitations and restrictions imposed on those assets use and/or disposal, they may impact the fair value of those assets, and should be taken into account when the fair value is determined.

Revaluations of non-financial physical assets

Non-financial physical assets are measured at fair value on a cyclical basis, in accordance with the relevant FRDs. A full revaluation normally occurs every five years, based upon the asset’s government purpose classification but may occur more frequently if fair value assessments indicate material changes in values. Independent valuers are generally used to conduct these scheduled revaluations. Certain infrastructure assets are revalued using specialised advisors. Any interim revaluations are determined in accordance with the requirements of the FRDs.

Revaluation increases or decreases arise from differences between an asset’s carrying amount and fair value.



Note 1. (continued)An independent valuation of the Agriculture and Fisheries land and buildings was performed by the Valuer-General Victoria to determine the fair value of land and buildings. The fair value is determined by direct reference to recent market transactions on arm’s length terms for land at comparable size and location to that held by the department, with the fair value of buildings generally based on depreciable replacement cost.

The effective date of the revaluation was 30 June 2016. Land was revalued on an active and liquid market basis taking into account zoning restrictions, highest and best use and Community Service Obligation.

Buildings and other improvements were revalued on depreciated replacement cost. Depreciated replacement cost is the current replacement cost of an asset less where applicable, accumulated depreciation calculated on the basis such costs to reflect age and the already consumed or expired future use.

Net revaluation increases (where the carrying amount of a class of assets is increased as a result of a revaluation) are recognised in ‘Other economic flows – other movements in equity’, and accumulated in equity under the asset revaluation surplus. However, the net revaluation increase is recognised in the net result to the extent that it reverses a net revaluation decrease in respect of the same class of property, plant and equipment previously recognised as an expense (other economic flows) in the net result.

Net revaluation decrease is recognised in ‘Other economic flows – other movements in equity’ to the extent that a credit balance exists in the asset revaluation surplus in respect of the same class of property, plant and equipment. Otherwise, the net revaluation decreases are recognised immediately as other economic flows in the net result. The net revaluation decrease recognised in ‘Other economic flows – other movements in equity’ reduces the amount accumulated in equity under the asset revaluation surplus.

Revaluation increases and decreases relating to individual assets in a class of property, plant and equipment, are offset against one another in that class but are not offset in respect of assets in different classes. Any asset revaluation surplus is not normally transferred to accumulated funds on derecognition of the relevant asset.

Intangible assets

Intangible assets are initially recognised at cost. Subsequently, intangible assets with finite useful lives are carried at cost less accumulated amortisation and accumulated impairment losses. Costs incurred subsequent to initial acquisition are capitalised when it is expected that additional future economic benefits will flow to DEDJTR.

When the recognition criteria in AASB 138 Intangible Assets are met, internally generated intangible assets are recognised and measured at cost less accumulated amortisation and impairment.

Refer to Note 1(G) Amortisation and Note 1(H) Impairment of non-financial assets.

Expenditure on research activities is recognised as an expense in the period in which it is incurred.

An internally generated intangible asset arising from development (or from the development phase of an internal project) is recognised if, and only if, all of the following are demonstrated:

(a) the technical feasibility of completing the intangible asset so that it will be available for use or sale

(b) an intention to complete the intangible asset and use or sell it

(c) the ability to use or sell the intangible asset

(d) the intangible asset will most likely generate future economic benefits

(e) the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset

(f) the ability to measure reliably the expenditure attributable to the intangible asset during its development.

Prepayments

Other non-financial assets include prepayments which represent payments in advance of receipt of goods or services or that part of expenditure made in one accounting period covering a term extending beyond that period.


(M) LiabilitiesPayables

Payables consist of:

• contractual payables such as accounts payable and unearned income including deferred income from concession notes. Accounts payable represents liabilities for goods and services provided to DEDJTR prior to the end of the financial year that are unpaid and arise when DEDJTR becomes obliged to make future payments in respect of the purchase of those goods and services

• statutory payables, such as goods and services tax (GST) and fringe benefits tax (FBT) payables.

Contractual payables are classified as financial instruments and categorised as financial liabilities at amortised cost (refer to Note 1(J)). Statutory payables are recognised and measured similarly to contractual payables, but are not classified as financial instruments and not included in the category of financial liabilities at amortised cost, because they do not arise from a contract.

Borrowings

All interest bearing liabilities are initially recognised at the fair value of the consideration received, less directly attributable transaction costs (refer also to Note 1(N) Leases). The measurement basis subsequent to initial recognition depends on whether DEDJTR has categorised its interest bearing liabilities as either financial liabilities designated at fair value through profit or loss, or financial liabilities at amortised cost. Any difference between the initial recognised amount and the redemption value is recognised in the net result over the period of the borrowing using the effective interest method.

The above classification depends on the nature and purpose of the interest bearing liabilities. DEDJTR determines the classification of its interest bearing liabilities at initial recognition.

Financial guarantees

Payments for financial guarantee contracts are recognised as a liability at the time the guarantee is issued. The liability is initially measured at fair value, and if there is a material increase in the likelihood that the guarantee may have to be exercised, then it is measured at the higher of the amount determined in accordance with AASB 137 Provisions, Contingent Liabilities and Contingent Assets and the amount initially recognised less cumulative amortisation, where appropriate.

In the determination of fair value, consideration is given to factors including the overall capital management/prudential supervision framework in operation, the protection provided by the State Government by way of funding should the probability of default increase, probability of default by the guaranteed party and the likely loss to the department in the event of default.

The value of loans and other amounts guaranteed by the Treasurer is disclosed in Note 21 Contingent assets and liabilities.

Derecognition of financial liabilities

A financial liability is derecognised when the obligation under the liability is discharged, cancelled or expires.

When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognised as an other economic flow in the estimated consolidated comprehensive operating statement.

Provisions

Provisions are recognised when DEDJTR has a present obligation, the future sacrifice of economic benefits is probable and the amount of the provision can be measured reliably.

The amount recognised as a provision is the best estimate of the consideration required to wholly settle the present obligation at the end of the reporting date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cashflows estimated to wholly settle the present obligation, its carrying amount is the present value of those cashflows, using a discount rate that reflects the time value of money and risks specific to the provision.

When some or all of the economic benefits required to wholly settle a provision are expected to be received from a third party, the receivable is recognised as an asset if it is virtually certain that recovery will be received and the amount of the receivable can be measured reliably.

Employee benefits

Provision is made for benefits accruing to employees in respect of wages and salaries, annual leave and long service leave (LSL) for services rendered to the reporting date.



Note 1. (continued)Salaries and wages, annual leave Liabilities for salaries and wages, including non-monetary benefits, such as annual leave, are all recognised in the provision for employee benefits as current liabilities, as DEDJTR does not have an unconditional right to defer settlements of these liabilities.

Depending on the expectation of the timing of settlement, liabilities for wages and salaries and annual leave are measured at nominal value if DEDJTR expects to wholly settle within 12 months or present value if DEDJTR does not expect to wholly settle within 12 months.

Long service leave Liability for long service leave (LSL) is recognised in the provision for employee benefits.

Unconditional LSL is disclosed in the notes to the financial statements as a current liability even where DEDJTR does not expect to wholly settle the liability within 12 months because it will not have an unconditional right to defer the settlement of the entitlement should an employee take leave within 12 months.

The components of the current LSL liability are measured at nominal value if DEDJTR expects to wholly settle within 12 months or present value if DEDJTR does not expect to wholly settle within 12 months.

Conditional LSL is disclosed as a non-current liability. There is an unconditional right to defer the settlement of the entitlement until the employee has completed the requisite years of service.

This non-current LSL liability is measured at present value. Any gain or loss following revaluation of the present value of non-current LSL liability is recognised in the ‘net result from transactions’, except to the extent that a gain or loss arises due to changes in bond interest rates for which it is then recognised in the net result as an other economic flow (refer to Note 1(H)).

Termination benefits Termination benefits are payable when employment is terminated before the normal retirement date, or when an employee decides to accept an offer of benefits in exchange for the termination of employment. DEDJTR recognises termination benefits when it is demonstrably committed to either terminating the employment of current employees according to a detailed formal plan without possibility of withdrawal or providing termination benefits as a result of an offer made to encourage voluntary redundancy. Benefits falling due more than 12 months after the end of the reporting period are discounted to present value.

Employee benefits on-costs

Employee benefits on-costs such as payroll tax and workers compensation are recognised separately from the provision for employee benefits.

(N) LeasesA lease is a right to use an asset for an agreed period of time in exchange for payment.

Leases are classified at their inception as either operating or finance leases based on the economic substance of the agreement so as to reflect the risks and rewards incidental to ownership. Leases of infrastructure, property, plant and equipment are classified as finance infrastructure leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership from the lessor to the lessee. For service concession arrangements (see below), the commencement of the lease term is deemed to be the date the asset is commissioned. All other leases are classified as operating leases.

Finance leases - DEDJTR as lessee

At the commencement of the lease term, finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the lease property or, if lower, the present value of the minimum lease payment, each determined at the inception of the lease. The lease asset is accounted for as a non-financial physical asset. If there is certainty that DEDJTR will obtain ownership of the lease asset by the end of the lease term, the asset shall be depreciated over the useful life of the asset. If there is no reasonable certainty that DEDJTR, as lessee, will obtain ownership by the end of the lease term, the asset shall be fully depreciated over the shorter of the lease term and its useful life.

Minimum finance lease payments are apportioned between reduction of the outstanding lease liability and periodic finance expense which is calculated using the interest rate implicit in the lease and charged directly to the comprehensive operating statement. Contingent rentals associated with finance leases are recognised as an expense in the period in which they are incurred.

Operating leases – DEDJTR as lessee

Operating lease payments, including any contingent rentals, are recognised as an expense in the comprehensive operating statement on a straight line basis over the lease term, except where another systematic basis is more representative of the time pattern of the benefits derived from the use of the leased asset. The leased asset is not recognised in the balance sheet.


All incentives for the agreement of a new or renewed operating lease are recognised as an integral part of the net consideration agreed for the use of the leased asset, irrespective of the incentive’s nature or form or the timing of payments.

In the event that lease incentives are received to enter into operating leases, the aggregate cost of incentives are recognised as a reduction of rental expense over the lease term on a straight line basis, unless another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Service concession arrangements

DEDJTR sometimes enters into certain arrangements with private sector participants to design and construct or upgrade assets used to provide public services. These arrangements are usually include the provision of operational and maintenance services for a specified period of time. These arrangements are often referred to as either public private partnerships (PPPs) or service concession arrangements (SCAs).

These SCAs usually take one of two main forms. In the more common form, the DEDJTR pays the operator over the period of the arrangement, subject to specified performance criteria being met. At the date of commitment to the principal provisions of the arrangement, these estimated periodic payments are allocated between a component related to the design and construction or upgrading of the asset and components related to the ongoing operation and maintenance of the asset. The former component is accounted for as a lease payment in accordance with the lease policy. The remaining components are accounted for as commitments (see Note 1(P)) for operating costs which are expensed in the comprehensive operating statement as they are incurred.

The other, less common form of SCA, is one in which DEDJTR grants to an operator, for a specified period of time, the right to collect fees from users of the SCA asset, in return for which the operator constructs the asset and has the obligation to supply agreed upon services, including maintenance of the asset for the period of the concession. These private sector entities typically lease land, and sometimes state works, from DEDJTR and construct infrastructure. At the end of the concession period, the land and state works, together with the constructed facilities, will be returned to DEDJTR (the grantor).

There is currently no authoritative accounting guidance applicable to grantors (DEDJTR) on the recognition and measurement of the right of DEDJTR to receive assets from such concession arrangements. Due to the lack of such guidance, there has been no change to existing policy and those assets are not currently recognised.

(O) EquityContributed capital

Consistent with the requirements of AASB 1004 Contributions, contributions by owners (i.e. contributed capital and its repayment) are treated as equity transactions and, therefore, do not form part of the income and expenses of DEDJTR.

Additions to net assets which have been designated as contributions by owners are recognised as contributed capital. Other transfers that are in the nature of contributions or distributions have also been designated as contributions by owners.

Transfers of net assets arising from administrative restructurings are treated as distributions to, or contributions by owners.

Transfers of net liabilities arising from administrative restructurings are treated as distributions by owners.

(P) CommitmentsCommitments for future expenditure include operating and capital commitments arising from contracts. These commitments are disclosed by way of a note (refer to Note 20 Commitments for expenditure) at their nominal value and inclusive of the GST payable.

In addition, where it is considered appropriate and provides additional relevant information to users, the net present values of significant individual projects are stated. These future expenditures cease to be disclosed as commitments once the related liabilities are recognised in the balance sheet.



Note 1. (continued)

(Q) Contingent assets and contingent liabilities

Contingent assets and contingent liabilities are not recognised in the balance sheet, but are disclosed by way of a note (refer to Note 21) and, if quantifiable, are measured at nominal value. Contingent assets and liabilities are presented inclusive of GST receivable or payable respectively.

(R) Accounting for the goods and services tax (GST)

Income, expenses and assets are recognised net of the amount of associated GST, except where GST incurred is not recoverable from the taxation authority. In this case, the GST payable is recognised as part of the cost of acquisition of the asset or as part of the expense.

Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from or payable to the Australian Taxation Office (ATO) is included with other receivables or payables in the balance sheet.

Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or financing activities which are recoverable from or payable to the ATO are presented as operating cash flow on a net basis.

Commitments, contingent assets and liabilities are also stated inclusive of GST (refer to Note 1(P) and Note 1(Q)).

(S) Foreign currencyAll foreign currency transactions are brought to account using the exchange rate in effect at the date of the transaction. Foreign monetary items existing at the date of the end of the reporting period are translated at the closing rate at the date of the end of the reporting period. Non-monetary assets carried at fair value that are denominated in foreign currencies are translated to the functional currency at the rates prevailing at the date when the fair value was determined.

Foreign currency translation differences are recognised in other economic flows.

(T) Events after the reporting periodAssets, liabilities, income or expenses arise from past transactions or other past events. Where the transactions result from an agreement between DEDJTR and other parties, the transactions are only recognised when the agreement is irrevocable at or before the end of the reporting period. Adjustments are made to amounts recognised in the financial statements for events which occur after the reporting period and before the date the financial statements are authorised for issue, where those events provide information about conditions which existed in the reporting period. Note disclosure is made about events between the end of the reporting period and the date the financial statements are authorised for issue where the events relate to conditions which arose after the end of the reporting period that are considered to be of material interest.

(U) Australian Accounting Standards issued that are not yet effective

Certain new AAS’s have been published that are not mandatory for the reporting period. DTF assesses the impact of these new standards and advises DEDJTR of their applicability and early adoption where applicable.

The state early adopted AASB 2015 7 Fair Value Disclosures of Not-for-Profit Public Sector Entities, which was operative from 1 July 2016 provided an exemption for not-for-profit public sector entities from disclosing the quantitative information of ‘significant unobservable inputs’ and the ‘sensitivity analysis’ if the assets are held primarily for their current service potential rather than to generate net cash inflows.

For the financial year ended 30 June 2016, DEDJTR has assessed the new standards and has decided not to early adopt these standards, as they will have no impact on DEDJTR.


Standard/ Interpretation Summary

Applicable for annual reporting periods beginning on

Impact on public sector entity financial statements

AASB 9 Financial Instruments

The key changes include the simplified requirements for the classification and measurement of financial assets, a new hedging accounting model and a revised impairment loss model to recognise impairment losses earlier, as opposed to the current approach that recognises impairment only when incurred.

1 Jan 2018 The assessment has identified that the financial impact of available for sale (AFS) assets will now be reported through other comprehensive income (OCI) and no longer recycled to the profit and loss.

While the preliminary assessment has not identified any material impact arising from AASB 9, it will continue to be monitored and assessed.

AASB 2010-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2010)

The requirements for classifying and measuring financial liabilities were added to AASB 9. The existing requirements for the classification of financial liabilities and the ability to use the fair value option have been retained. However, where the fair value option is used for financial liabilities the change in fair value is accounted as:

• the change in fair value attributable to changes in credit risk is presented in other comprehensive income (OCI)

• other fair value changes are presented in profit and loss. If this approach creates or enlarges an accounting mismatch in the profit or loss, the effect of the changes in credit risk are also presented in profit or loss.

1 Jan 2018 The assessment has identified that the amendments are likely to result in earlier recognition of impairment losses and at more regular intervals.

Changes in own credit risk in respect of liabilities designated at fair value through profit and loss will now be presented within other comprehensive income (OCI).

Hedge accounting will be more closely aligned with common risk management practices making it easier to have an effective hedge.

For entities with significant lending activities, an overhaul of related systems and processes may be needed.

AASB 15 Revenue from Contracts with Customers

The core principle of AASB 15 requires an entity to recognise revenue when the entity satisfies a performance obligation by transferring a promised good or service to a customer.

1 Jan 2018 The changes in revenue recognition requirements in AASB 15 may result in changes to the timing and amount of revenue recorded in the financial statements. The Standard will also require additional disclosures on service revenue and contract modifications.

A potential impact will be the upfront recognition of revenue from licenses that cover multiple reporting periods.

Revenue that was deferred and amortised over a period may now need to be recognised immediately as a transitional adjustment against the opening returned earnings if there are no former performance obligations outstanding.



Standard/ Interpretation Summary

Applicable for annual reporting periods beginning on

Impact on public sector entity financial statements

AASB 16 Leases The key changes introduced by AASB 16 include the recognition of most operating leases (which are current not recognised) on balance sheet.

1 Jan 2019 The assessment has indicated that as most operating leases will come on balance sheet, recognition of lease assets and lease liabilities will cause net debt to increase.

Depreciation of lease assets and interest on lease liabilities will be recognised in the income statement with marginal impact on the operating surplus.

The amounts of cash paid for the principal portion of the lease liability will be presented within financing activities and the amounts paid for the interest portion will be presented within operating activities in the cash flow statement.

No change for lessors.

AASB 2015 6 Amendments to Australian Accounting Standards – Extending Related Party Disclosures to Not-for-Profit Public Sector Entities

[AASB 10, AASB 124 & AASB 1049]

The amendments extend the scope of AASB 124 Related Party Disclosures to not-for-profit public sector entities. A guidance has been included to assist the application of the Standard by not-for-profit public sector entities.

1 Jan 2019 The amending standard will result in extended disclosures on the entity's key management personnel (KMP), and the related party transactions.

AASB 2016-4 Amendments to Australian Accounting Standards – Recoverable Amount of Non-Cash-Generating Specialised Assets of Not-for-Profit Entities

The standard amends AASB 136 Impairment of Assets to remove references to using depreciated replacement cost (DRC) as a measure of value in use for not-for-profit entities.

1 Jan 2017 The assessment has indicated that there is minimal impact. Given the specialised nature and restrictions of public sector assets, the existing use is presumed to be the highest and best use (HBU), hence current replacement cost under AASB 13 Fair Value Measurement is the same as the depreciated replacement cost concept under AASB 136.

Note 1. (continued)


Note 2. Departmental (controlled) outputs A description of departmental outputs performed during the financial year ended 30 June 2016 and the objectives of these outputs are summarised below.

Creative industriesObjectives

This output group contributes to the development of Victorian creative industries through the provision of industry assistance programs, infrastructure development and policy advice. Together these outputs contribute to the departmental objective to increase the economic, social and cultural value and impact of the creative industries.

Access, industry development and innovationOutput description

This output supports the creative industries to deliver economic, social and cultural benefit through: talent and leadership; the creative and business ecology; innovation and social impact; participation and place making; and international engagement.

Creative industries portfolio agenciesOutput description

This output promotes, presents and preserves our heritage and the creative industries through Victoria’s cultural agencies: Arts Centre Melbourne, Australian Centre for the Moving Image (ACMI), Docklands Studios Melbourne, Film Victoria, Geelong Performing Arts Centre, Melbourne Recital Centre, Museum Victoria, National Gallery of Victoria and the State Library of Victoria.

Cultural infrastructure and facilitiesOutput description

This output supports Victorian cultural venues and state-owned facilities through strategic assessment and provision of advice on portfolio infrastructure proposals and projects. The output includes consolidation of portfolio asset management plans and management of funding programs for maintenance and minor capital works.

Employment, industry and growthObjectives

This output group delivers initiatives and activities to foster investment, growth and employment opportunities to support workers, industries and regions. These outputs contribute to the departmental objective to increase sustainable employment opportunities for Victorians and build investment, trade and tourism prospects for the state through working with priority industry sectors, delivering major projects, investing in regional Victoria, providing innovation opportunities for businesses, and building resilience in the state’s workforce.

Employment and investmentOutput description

This output provides programs to link business and workforce needs with training, retraining and support for skills required in the economy. It also provides investment attraction and facilitation services to attract new investment and encourage additional investment by companies already operating in Victoria.

Industrial relationsOutput description

This output provides public and private sector industrial relations advice and strategic workforce management counsel to ministers and departmental and agency reviews.

Industry and enterprise innovationOutput description

This output provides access to information and connections, and builds the capacity of businesses and industry to develop and effectively use new practices and technologies to increase productivity and competitiveness in Victoria. It also helps businesses overcome barriers to competitiveness.

Major projectsOutput description

This output facilitates investment in the Victorian economy through the development, delivery and management of economic assets. This output represents activities undertaken by Major Projects Victoria (MPV) within DEDJTR. Output costs include the cost of projects for which MPV has financial responsibility.



Note 2. (continued)Regional development Output description

This output guides the development and implementation of regional plans and strategies to manage growth and change in regional and rural Victoria. It provides better services to encourage innovation in order to create jobs and improve career opportunities for regional Victorians.

Tourism, major events and international educationOutput description

This output maximises employment and the \long-term economic benefits of tourism, international education and major events to Victoria by developing and marketing the state as a competitive destination. The output incorporates the major sporting events function introduced into the department as a result of machinery-of-government changes.

Trade Output description

This output promotes business growth opportunities by connecting organisations to global business opportunities in priority markets and supporting the establishment and deepening of strategic commercial partnerships.

Resources and primary industries Objectives

This output group creates the conditions for productive, competitive and sustainable food, fibre, energy and natural resources industries. These outputs contribute to the departmental objective to create more productive, competitive and sustainable food, fibre, energy and resource industries.

AgricultureOutput description

This output creates conditions for increased jobs, productivity and access to markets for Victoria’s food and fibre industries. The department works with research and industry partners, primary producers and rural communities across Victoria to address major and emerging challenges in productivity, biosecurity and competitiveness in food and fibre industries.

Energy and resourcesOutput description

This output influences and advocates for the provision of efficient, reliable and safe energy services through national forums and delivers state-based energy programs. It supports the development of renewable energy, improving energy efficiency and productivity outcomes for households and businesses and facilitating new investment opportunities. The output also provides efficient and effective regulatory services to industry, promotes a sustainable resources sector and provides information to households and businesses and undertakes community engagement.

Sustainably manage fish, game and forest resourcesOutput description

This output creates the conditions to grow the natural resources economy by ensuring forestry, fish and game resources are sustainably allocated and used for both recreational and commercial purposes.

Transport network safety, operation and developmentObjectives

This output group delivers a safe, cost-effective and efficient transport network. This output group supports the department’s objective to sustainably grow Victoria’s economy and employment. These outputs contribute to the departmental objective to create more productive and liveable cities and regions through improved transport services and better infrastructure.

Bus servicesOutput description

This output delivers reliable and cost-effective statewide bus services and infrastructure investments, including services delivered through contractual arrangements with private operators.

Integrated transportOutput description

This output delivers strategic transport infrastructure activity to improve the transport system. The output contributes to the department’s objective to create more productive and liveable cities and regions through improved transport services and better infrastructure.


Port and freight network access Output description

This output delivers capital initiatives and programs to increase the capacity, efficiency and safety of the ports, freight and logistics network.

Road asset management Output description

This output delivers programs and initiatives to maintain Victoria’s freeways and arterial road network. Activities support the safety and reliability of the network.

Road operations and network improvementsOutput description

This output delivers network improvement initiatives to enhance and develop Victoria’s freeways, arterial road network and strategic local road connections. Activities support improvements to the safety and reliability of the network.

Taxi and hire vehicle services Output description

This output delivers safe and accessible taxi and hire vehicle services in metropolitan and regional Victoria through the regulation of drivers and operators and promoting choices available to customers.

Train servicesOutput description

This output delivers reliable and cost-effective train services and infrastructure investments across the Victorian rail network, including services delivered through contractual arrangements with private operators.

Tram servicesOutput description

This output delivers reliable and cost-effective tram services and infrastructure investments, including public transport services delivered through contractual arrangements with private operators.

Transport safety, security and emergency managementOutput description

This output delivers initiatives and regulatory activities that will improve safety and security and strengthen resilience on Victoria’s transport network.



Note 2. (continued)Schedule A – Controlled income and expenses for the financial year ended 30 June

($ thousand) ($ thousand)

2016(i) 2016(i)

Trade

Tourism, major events

and international education

Employment and investment

Regional development

Energy and resources

Major projects

Industry and enterprise

innovation

Creative industries

portfolio agencies

Continuing operations


Output appropriations 17,043 54,835 142,356 29,342 106,610 9,575 86,365 206,962

Regional Growth Fund appropriations - - - 125,000 - - - -


Grants - 104,396 1,000 14,255 - - - 1,343

Sale of services - 1 2 1,037 2,473 - 3 -

Interest - - - 4,061 - 114 - -

Fair value of assets & services received free of charge - 1 2 2 1 3,475 3 -

Other income - 11 - - 8,108 11,799 - 11

Total income from transactions 17,043 159,244 143,360 173,697 117,192 24,963 86,371 208,316


Grants and other transfers (1,600) (144,225) (83,301) (128,057) (13,376) - (42,120) (209,745)

Employee expenses (8,250) (7,150) (34,621) (27,043) (27,470) (9,434) (24,922) (854)

Capital asset charge (490) - (1,713) - (4,360) (1,926) (1,887) (145)

Depreciation and amortisation (436) (118) (1,960) (304) (1,419) (1,211) (375) (147)

Interest expense (3) (3) (21) (47) (26) (8) (12) (1)

Fair value of assets & services received free of charge (4) (41) (39) (43) (28) (2) (22) (54)

Other operating expenses (6,489) (7,646) (32,492) (12,835) (62,033) (6,274) (17,078) (1,219)

Total expenses from transactions (17,272) (159,183) (154,147) (168,329) (108,712) (18,855) (86,416) (212,165)

Net result from transactions (net operating balance) (229) 61 (10,787) 5,368 8,480 6,108 (45) (3,849)



2016(i) 2016(i)

Trade






Major projects


innovation

Creative industries

portfolio agencies




Regional Growth Fund appropriations - - - 125,000 - - - -


Grants - 104,396 1,000 14,255 - - - 1,343

Sale of services - 1 2 1,037 2,473 - 3 -

Interest - - - 4,061 - 114 - -

Fair value of assets & services received free of charge - 1 2 2 1 3,475 3 -

Other income - 11 - - 8,108 11,799 - 11



Grants and other transfers (1,600) (144,225) (83,301) (128,057) (13,376) - (42,120) (209,745)

Employee expenses (8,250) (7,150) (34,621) (27,043) (27,470) (9,434) (24,922) (854)

Capital asset charge (490) - (1,713) - (4,360) (1,926) (1,887) (145)

Depreciation and amortisation (436) (118) (1,960) (304) (1,419) (1,211) (375) (147)





Net result from transactions (net operating balance) (229) 61 (10,787) 5,368 8,480 6,108 (45) (3,849)



Note 2. (continued)Schedule A – Controlled income and expenses for the financial year ended 30 June (continued)


2016(i) 2016(i)

Trade






Major projects


innovation

Creative industries

portfolio agencies


Net gain/(loss) on non-financial assets 20 48 21 303 16 (29) 105 12

Net gain/(loss) on financial instruments (13) (564) - - - - - -

Other gains/(losses) from other economic flows 16 37 98 97 (7) 14 119 8

Total other economic flows included in net result 23 (479) 119 400 9 (15) 224 20

Net result (206) (418) (10,668) 5,768 8,489 6,093 179 (3,829)


Items that will not be reclassified to net result

Transfer of asset revaluation to accumulated surplus - - - - - 4 - -

Changes in physical asset revaluation surplus 226 2,831 1,399 1,385 - 9,699 1,710 -

Composite reporting of Linking Melbourne Authority - - - - - - - -

Total other economic flows – other comprehensive income

226 2,831 1,399 1,385 - 9,703 1,710 -

Comprehensive result 20 2,413 (9,269) 7,153 8,489 15,796 1,889 (3,829)




2016(i) 2016(i)

Trade






Major projects


innovation

Creative industries

portfolio agencies


Net gain/(loss) on non-financial assets 20 48 21 303 16 (29) 105 12

Net gain/(loss) on financial instruments (13) (564) - - - - - -

Other gains/(losses) from other economic flows 16 37 98 97 (7) 14 119 8

Total other economic flows included in net result 23 (479) 119 400 9 (15) 224 20

Net result (206) (418) (10,668) 5,768 8,489 6,093 179 (3,829)



Transfer of asset revaluation to accumulated surplus - - - - - 4 - -

Changes in physical asset revaluation surplus 226 2,831 1,399 1,385 - 9,699 1,710 -


Total other economic flows – other comprehensive income

226 2,831 1,399 1,385 - 9,703 1,710 -

Comprehensive result 20 2,413 (9,269) 7,153 8,489 15,796 1,889 (3,829)





2016(i) 2016(i)

Transport safety, security and

emergency management

Taxi and hire vehicle services Train services Tram services Bus services

Road operations and network

improvementsRoad asset

managementIntegrated transport



Output appropriations 123,478 84,526 2,495,025 555,374 915,278 647,971 470,348 14,490

Regional Growth Fund appropriations - - - - - - - -

Special appropriations - - 778 - - - - -

Grants - - - - - - - -

Sale of services 7,900 - 4 1 1 1 - -

Interest - - - - - 84 - -

Fair value of assets & services received free of charge 1 - 9 2 3 4 2 60

Other income - - 442 - - - - 62

Total income from transactions 131,379 84,526 2,496,258 555,377 915,282 648,060 470,350 14,612


Grants and other transfers (90,904) (83,564) (2,468,694) (551,471) (908,425) (544,503) (413,514) (6,279)

Employee expenses (19,779) (477) (10,262) (2,132) (3,522) (5,862) (3,404) (5,614)

Capital asset charge (1,195) (72) (2,391) (543) (888) (11,976) (344) (2,480)

Depreciation and amortisation (1,074) (73) (2,437) (548) (895) (2,481) (347) (175)

Interest expense (19) - (16) (2) (4) - (1) (5)


Other operating expenses (11,532) (319) (12,272) (608) (1,320) (5,893) (1,468) 4

Total expenses from transactions (124,533) (84,527) (2,496,711) (555,446) (915,288) (570,861) (419,185) (14,553)

Net result from transactions (net operating balance) 6,846 (1) (453) (69) (6) 77,199 51,165 59




2016(i) 2016(i)









Output appropriations 123,478 84,526 2,495,025 555,374 915,278 647,971 470,348 14,490


Special appropriations - - 778 - - - - -

Grants - - - - - - - -

Sale of services 7,900 - 4 1 1 1 - -

Interest - - - - - 84 - -

Fair value of assets & services received free of charge 1 - 9 2 3 4 2 60

Other income - - 442 - - - - 62

Total income from transactions 131,379 84,526 2,496,258 555,377 915,282 648,060 470,350 14,612


Grants and other transfers (90,904) (83,564) (2,468,694) (551,471) (908,425) (544,503) (413,514) (6,279)

Employee expenses (19,779) (477) (10,262) (2,132) (3,522) (5,862) (3,404) (5,614)

Capital asset charge (1,195) (72) (2,391) (543) (888) (11,976) (344) (2,480)

Depreciation and amortisation (1,074) (73) (2,437) (548) (895) (2,481) (347) (175)

Interest expense (19) - (16) (2) (4) - (1) (5)


Other operating expenses (11,532) (319) (12,272) (608) (1,320) (5,893) (1,468) 4

Total expenses from transactions (124,533) (84,527) (2,496,711) (555,446) (915,288) (570,861) (419,185) (14,553)

Net result from transactions (net operating balance) 6,846 (1) (453) (69) (6) 77,199 51,165 59





2016(i) 2016(i)








Net gain/(loss) on non-financial assets 29 5 (1,874) - 60 (8,699) 23 (4)

Net gain/(loss) on financial instruments - - (49) 37 - - - -

Other gains/(losses) from other economic flows 9 4 (1,995) 29 48 21,702 19 (126)

Total other economic flows included in net result 38 9 (3,918) 66 108 13,003 42 (130)

Net result 6,884 8 (4,371) (3) 102 90,202 51,207 (71)



Transfer of asset revaluation to accumulated surplus - - - - - - - -

Changes in physical asset revaluation surplus 520 376 11,110 2,472 4,073 2,517 1,843 66

Composite reporting of Linking Melbourne Authority - - - - - (126,999) - -

Total other economic flows - other comprehensive income

520 376 11,110 2,472 4,073 (124,482) 1,843 66

Comprehensive result 7,404 384 6,739 2,469 4,175 (34,280) 53,050 (5)




2016(i) 2016(i)








Net gain/(loss) on non-financial assets 29 5 (1,874) - 60 (8,699) 23 (4)

Net gain/(loss) on financial instruments - - (49) 37 - - - -

Other gains/(losses) from other economic flows 9 4 (1,995) 29 48 21,702 19 (126)

Total other economic flows included in net result 38 9 (3,918) 66 108 13,003 42 (130)

Net result 6,884 8 (4,371) (3) 102 90,202 51,207 (71)




Changes in physical asset revaluation surplus 520 376 11,110 2,472 4,073 2,517 1,843 66

Composite reporting of Linking Melbourne Authority - - - - - (126,999) - -


520 376 11,110 2,472 4,073 (124,482) 1,843 66

Comprehensive result 7,404 384 6,739 2,469 4,175 (34,280) 53,050 (5)





2016(i) 2016(i)

Port and freight

network access

Access, industry development

and innovation

Cultural infrastructure

and facilities Agriculture

Sustainably manage fish,

game and forest resources

Industrial relations

Departmental total



Output appropriations 104,412 60,691 101,638 300,186 97,102 4,787 6,628,394

Regional Growth Fund appropriations - - - - - - 125,000

Special appropriations - - - - - - 778

Grants - 1,304 1,304 34 - - 123,636

Sale of services - - - 3,445 2,375 - 17,243

Interest - - - 2,038 48 - 6,345

Fair value of assets & services received free of charge 10 - - 5 5 - 3,585

Other income 426 28 33 11,712 7,787 - 40,419

Total income from transactions 104,848 62,023 102,975 317,420 107,317 4,787 6,945,400


Grants and other transfers (90,350) (48,118) (86,978) (15,594) (32,480) - (5,963,298)

Employee expenses (5,020) (7,632) (896) (119,341) (22,710) (3,813) (350,208)

Capital asset charge (1,024) (36) (5,979) (29,546) (4,592) - (71,587)

Depreciation and amortisation (526) (37) (6,422) (17,336) (7,750) - (46,071)

Interest expense - (2) - (21,234) (55) (1) (21,460)

Fair value of assets & services received free of charge (27) (16) (26) (101) (29) (1) (1,757)

Other operating expenses (7,967) (5,283) (2,803) (192,506) (39,720) (970) (428,723)

Total expenses from transactions (104,914) (61,124) (103,104) (395,658) (107,336) (4,785) (6,883,104)

Net result from transactions (net operating balance) (66) 899 (129) (78,238) (19) 2 62,296




2016(i) 2016(i)

Port and freight

network access


and innovation






Departmental total



Output appropriations 104,412 60,691 101,638 300,186 97,102 4,787 6,628,394

Regional Growth Fund appropriations - - - - - - 125,000

Special appropriations - - - - - - 778

Grants - 1,304 1,304 34 - - 123,636

Sale of services - - - 3,445 2,375 - 17,243

Interest - - - 2,038 48 - 6,345

Fair value of assets & services received free of charge 10 - - 5 5 - 3,585

Other income 426 28 33 11,712 7,787 - 40,419

Total income from transactions 104,848 62,023 102,975 317,420 107,317 4,787 6,945,400


Grants and other transfers (90,350) (48,118) (86,978) (15,594) (32,480) - (5,963,298)

Employee expenses (5,020) (7,632) (896) (119,341) (22,710) (3,813) (350,208)

Capital asset charge (1,024) (36) (5,979) (29,546) (4,592) - (71,587)

Depreciation and amortisation (526) (37) (6,422) (17,336) (7,750) - (46,071)

Interest expense - (2) - (21,234) (55) (1) (21,460)

Fair value of assets & services received free of charge (27) (16) (26) (101) (29) (1) (1,757)

Other operating expenses (7,967) (5,283) (2,803) (192,506) (39,720) (970) (428,723)

Total expenses from transactions (104,914) (61,124) (103,104) (395,658) (107,336) (4,785) (6,883,104)

Net result from transactions (net operating balance) (66) 899 (129) (78,238) (19) 2 62,296





2016(i) 2016(i)

Port and freight

network access


and innovation


and facilities AgricultureRegional

developmentEnergy and

resourcesDepartmental

total


Net gain/(loss) on non-financial assets 5 29 3 (591) 1,038 - (9,480)

Net gain/(loss) on financial instruments - - - 36 2 - (551)

Other gains/(losses) from other economic flows 3 2 - (897) 83 - 19,263

Total other economic flows included in net result 8 31 3 (1,452) 1,123 - 9,232

Net result (58) 930 (126) (79,690) 1,104 2 71,528



Transfer of asset revaluation to accumulated surplus - - - - - - 4

Changes in physical asset revaluation surplus 510 18,786 - 37,095 - - 96,618

Composite reporting of Linking Melbourne Authority - - - - - - (126,999)


510 18,786 - 37,095 - - (30,377)

Comprehensive result 452 19,716 (126) (42,595) 1,104 2 41,151





2015(i) 2015(i)

Trade and export

facilitationInnovation and

technology

Tourism, marketing and major

sports Employment

Regional development and

regional citiesEnergy and

resources

Investment attraction,

facilitation and major projects

Small business assistance




Regional Growth Fund appropriations - - - - 121,377 - - -

Special appropriations - - - - - - - -

Grants 159 - 75,261 - 12,256 - - 3

Sale of services - - - - - - - -

Interest - - - - 4,796 - 213 -

Fair value of assets & services received free of charge - - - - - - - -

Other income 1,528 2,335 237 1 9,510 34,815 96,778 566



Grants and other transfers (9,558) (80,305) (146,701) (3,661) (143,928) (18,726) (58,876) (3,071)

Employee expenses (8,510) (19,080) (9,326) (3,121) (25,810) (27,051) (29,226) (10,737)

Capital asset charge (222) (3,170) (1,528) (59) (527) (809) (3,930) (299)

Depreciation and amortisation (530) (1,675) (676) (141) (1,267) (2,155) (2,806) (716)





Net result from transactions (net operating balance) 1,996 (4,232) (1,823) (131) 20,229 32,995 (13,032) (533)




2015(i) 2015(i)

Trade and export


technology


sports Employment



resources







Regional Growth Fund appropriations - - - - 121,377 - - -

Special appropriations - - - - - - - -

Grants 159 - 75,261 - 12,256 - - 3

Sale of services - - - - - - - -

Interest - - - - 4,796 - 213 -


Other income 1,528 2,335 237 1 9,510 34,815 96,778 566



Grants and other transfers (9,558) (80,305) (146,701) (3,661) (143,928) (18,726) (58,876) (3,071)


Capital asset charge (222) (3,170) (1,528) (59) (527) (809) (3,930) (299)

Depreciation and amortisation (530) (1,675) (676) (141) (1,267) (2,155) (2,806) (716)





Net result from transactions (net operating balance) 1,996 (4,232) (1,823) (131) 20,229 32,995 (13,032) (533)





2015(i) 2015(i)

Trade and export


technology

Tourism, marketing and

major sports Employment



resources





Net gain/(loss) on non-financial assets 17 53 21 4 40 (11,002) (432) 22

Net gain/(loss) on financial instruments - - - - - - - -

Other gains/(losses) from other economic flows (21) (67) (27) (6) (51) (78) (60) (29)

Total other economic flows included in net result (4) (14) (6) (2) (11) (11,080) (492) (7)

Net result 1,992 (4,246) (1,829) (133) 20,218 21,915 (13,524) (540)



Transfer of asset revaluation to accumulated surplus - - - - - - 2,997 -

Changes in physical asset revaluation surplus 60 191 77 16 143 220 169 81



60 191 77 16 143 220 3,166 81

Comprehensive result 2,052 (4,055) (1,752) (117) 20,361 22,135 (10,358) (459)




2015(i) 2015(i)

Trade and export


technology





resources





Net gain/(loss) on non-financial assets 17 53 21 4 40 (11,002) (432) 22


Other gains/(losses) from other economic flows (21) (67) (27) (6) (51) (78) (60) (29)

Total other economic flows included in net result (4) (14) (6) (2) (11) (11,080) (492) (7)

Net result 1,992 (4,246) (1,829) (133) 20,218 21,915 (13,524) (540)



Transfer of asset revaluation to accumulated surplus - - - - - - 2,997 -

Changes in physical asset revaluation surplus 60 191 77 16 143 220 169 81



60 191 77 16 143 220 3,166 81

Comprehensive result 2,052 (4,055) (1,752) (117) 20,361 22,135 (10,358) (459)





2015(i) 2015(i)

Transport safety and

security

Integrated transport

services

Transport system

development and maintenance

Arts portfolio agencies

Access, industry

development and innovation


and facilities Agriculture Biosecurity



Output appropriations 206,277 1,841,640 646,383 127,322 15,552 24,561 125,751 41,032


Special appropriations - 908 - - - - - -

Grants 15 (165) 15,605 - - - 2,299 -

Sale of services 4,002 8,249 12 - - - 7,515 1,067

Interest - - - - - - 1,143 -

Fair value of assets & services received free of charge 3 1,772 23 - - - - -

Other income 42 299 1,878 89 86 86 14,503 2,732

Total income from transactions 210,339 1,852,703 663,901 127,411 15,638 24,647 151,211 44,831


Grants and other transfers (76,804) (1,829,312) (595,273) (123,679) (12,639) (20,671) (8,831) (1,791)


Capital asset charge (666) (5,017) (5,087) (678) (658) (1,654) (17,816) (481)

Depreciation and amortisation (580) (689) (948) (749) (727) (727) (12,933) (408)

Interest expense (14) (12) - (2) (2) (2) (11,856) (22)

Fair value of assets & services received free of charge (919) (230) (448) - - - - -

Other operating expenses (6,965) (7,094) (33,229) (612) (780) (759) (40,575) (19,205)

Total expenses from transactions (94,588) (1,851,815) (647,162) (126,943) (15,993) (25,000) (132,433) (40,296)

Net result from transactions (net operating balance) 115,751 888 16,739 468 (355) (353) 18,778 4,535




2015(i) 2015(i)


security


services

Transport system



Access, industry






Output appropriations 206,277 1,841,640 646,383 127,322 15,552 24,561 125,751 41,032


Special appropriations - 908 - - - - - -

Grants 15 (165) 15,605 - - - 2,299 -

Sale of services 4,002 8,249 12 - - - 7,515 1,067

Interest - - - - - - 1,143 -

Fair value of assets & services received free of charge 3 1,772 23 - - - - -

Other income 42 299 1,878 89 86 86 14,503 2,732

Total income from transactions 210,339 1,852,703 663,901 127,411 15,638 24,647 151,211 44,831


Grants and other transfers (76,804) (1,829,312) (595,273) (123,679) (12,639) (20,671) (8,831) (1,791)


Capital asset charge (666) (5,017) (5,087) (678) (658) (1,654) (17,816) (481)

Depreciation and amortisation (580) (689) (948) (749) (727) (727) (12,933) (408)

Interest expense (14) (12) - (2) (2) (2) (11,856) (22)

Fair value of assets & services received free of charge (919) (230) (448) - - - - -

Other operating expenses (6,965) (7,094) (33,229) (612) (780) (759) (40,575) (19,205)

Total expenses from transactions (94,588) (1,851,815) (647,162) (126,943) (15,993) (25,000) (132,433) (40,296)

Net result from transactions (net operating balance) 115,751 888 16,739 468 (355) (353) 18,778 4,535





2015(i) 2015(i)


security


services

Transport system



Access, industry





Net gain/(loss) on non-financial assets (285) (2,028) (29,407) 4 3 3 192 176

Net gain/(loss) on financial instruments - - - - - - (2) -

Other gains/(losses) from other economic flows 18 43 36 (1) (1) (1) 1 -

Total other economic flows included in net result (267) (1,985) (29,371) 3 2 2 191 176

Net result 115,484 (1,097) (12,632) 471 (353) (351) 18,969 4,711




Changes in physical asset revaluation surplus (1,086) (7,706) (8,778) - - - (838) -



(1,086) (7,706) (8,778) - - - (838) -

Comprehensive result 114,398 (8,803) (21,410) 471 (353) (351) 18,131 4,711




($ thousand)

2015(i)

Sustainably manage fish and forest resources


Departmental total



Output appropriations 28,847 1,259 3,615,363

Regional Growth Fund appropriations - - 121,377

Special appropriations - - 908

Grants 94 - 105,527

Sale of services 117 - 20,962

Interest 27 - 6,179

Fair value of assets & services received free of charge - - 1,798

Other income 3,536 - 169,021

Total income from transactions 32,621 1,259 4,041,135


Grants and other transfers (13,893) - (3,147,719)

Employee expenses (9,782) (962) (236,291)

Capital asset charge (639) - (43,240)

Depreciation and amortisation (1,862) (3) (29,592)

Interest expense (20) 2 (12,043)

Fair value of assets & services received free of charge - - (1,597)

Other operating expenses (6,265) (296) (378,573)

Total expenses from transactions (32,461) (1,259) (3,849,055)

Net result from transactions (net operating balance) 160 - 192,080


($ thousand)

2015(i)



Departmental total


Net gain/(loss) on non-financial assets 186 - (42,433)

Net gain/(loss) on financial instruments - - (2)

Other gains/(losses) from other economic flows - - (244)

Total other economic flows included in net result 186 - (42,679)

Net result 346 - 149,401



Transfer of asset revaluation to accumulated surplus - - 2,997

Changes in physical asset revaluation surplus - - (17,451)

Composite reporting of Linking Melbourne Authority - - -


- - (14,454)

Comprehensive result 346 - 134,947



Note 2. (continued)Schedule B – Controlled assets and liabilities as at 30 June


2016(i) 2016(i)

Trade

Tourism, major events and

international education




Major projects

Industry and enterprise innovation

Creative industries

portfolio agencies

Assets

Financial assets 7,848 37,001 50,452 211,102 35,163 150,656 69,823 4,168

Non-financial assets 8,554 46,638 32,969 46,552 36,985 127,037 33,018 33,808

Total assets 16,402 83,639 83,421 257,654 72,148 277,693 102,841 37,976

Total liabilities (5,919) (21,622) (45,371) (46,193) (16,391) (68,065) (30,053) (2,103)

Net assets 10,483 62,017 38,050 211,461 55,757 209,628 72,788 35,873


2016(i) 2016(i)



Taxi and hire vehicle

services Train services Tram services Bus services




Assets

Financial assets 22,291 3 558,680 6,580 10,764 813,911 144,277 282,232

Non-financial assets 21,353 710 34,966 7,875 12,864 272,276 4,989 53,728

Total assets 43,644 713 593,646 14,455 23,628 1,086,187 149,266 335,960

Total liabilities (17,143) (481) (482,607) (5,541) (9,068) (177,369) (147,578) (238,803)

Net assets 26,501 232 111,039 8,914 14,560 908,818 1,688 97,157




2016(i) 2016(i)

Trade






Major projects


Creative industries

portfolio agencies

Assets



Total assets 16,402 83,639 83,421 257,654 72,148 277,693 102,841 37,976


Net assets 10,483 62,017 38,050 211,461 55,757 209,628 72,788 35,873


2016(i) 2016(i)




services Train services Tram services Bus services




Assets

Financial assets 22,291 3 558,680 6,580 10,764 813,911 144,277 282,232

Non-financial assets 21,353 710 34,966 7,875 12,864 272,276 4,989 53,728

Total assets 43,644 713 593,646 14,455 23,628 1,086,187 149,266 335,960

Total liabilities (17,143) (481) (482,607) (5,541) (9,068) (177,369) (147,578) (238,803)

Net assets 26,501 232 111,039 8,914 14,560 908,818 1,688 97,157





2016(i) 2016(i)

Port and freight

network access

Access, industry







Departmental total

Assets

Financial assets 12,791 15,658 3,629 484,911 49,642 657 2,972,239

Non-financial assets 24,544 200,698 27,257 473,631 129,063 37 1,629,552

Total assets 37,335 216,356 30,886 958,542 178,705 694 4,601,791

Total liabilities (8,034) (9,152) (1,445) (409,731) (28,086) (675) (1,771,430)

Net assets 29,301 207,204 29,441 548,811 150,619 19 2,830,361


2015(i) 2015(i)

Trade and export


technology


sports Employment



resources




Assets


Non-financial assets 2,104 25,210 29,599 562 5,005 7,689 122,526 2,842

Total assets 21,215 90,187 33,578 9,092 297,943 96,067 233,848 20,749


Net assets 14,583 72,416 21,516 6,998 266,576 71,156 163,827 12,267





2015(i) 2015(i)

Transport safety and security

Integrated transport services

Transport system development and

maintenance



and innovation



Assets

Financial assets 105,505 1,056,172 700,846 123,951 10,504 8,317 159,730 10,640


Total assets 127,564 1,090,927 987,102 198,146 82,517 80,738 841,036 12,449

Total liabilities (147,134) (531,627) (308,365) (102) (99) (99) (361,562) (15,924)

Net assets (19,570) 559,300 678,737 198,044 82,418 80,639 479,474 (3,475)

($ thousand)

2015(i)



Departmental total

Assets

Financial assets 13,324 1,257 2,797,388

Non-financial assets 17,885 - 1,458,236

Total assets 31,209 1,257 4,255,624

Total liabilities (11,918) (638) (1,550,808)

Net assets 19,291 619 2,704,816

(i) The 2015-16 Budget included changes to the department’s output structure that are reflected in this note for the 2015-16 financial year. The 2014-15 figures relate to the previous output structure.




2015(i) 2015(i)

Transport safety and security

Integrated transport services

Transport system development and

maintenance



and innovation



Assets

Financial assets 105,505 1,056,172 700,846 123,951 10,504 8,317 159,730 10,640


Total assets 127,564 1,090,927 987,102 198,146 82,517 80,738 841,036 12,449

Total liabilities (147,134) (531,627) (308,365) (102) (99) (99) (361,562) (15,924)

Net assets (19,570) 559,300 678,737 198,044 82,418 80,639 479,474 (3,475)

($ thousand)

2015(i)



Departmental total

Assets

Financial assets 13,324 1,257 2,797,388

Non-financial assets 17,885 - 1,458,236

Total assets 31,209 1,257 4,255,624

Total liabilities (11,918) (638) (1,550,808)

Net assets 19,291 619 2,704,816




Note 3. Composite reporting of Linking Melbourne Authority

On 7 January 2015, the Acting Minister for Roads and Road Safety announced that the operations of Linking Melbourne Authority (LMA) was to cease.

On 9 June 2016, the Minister for Roads and Road Safety wrote to the Minister for Finance requesting approval for the composite reporting of LMA’s annual report of operations and financial statements with DEDJTR for the 2015-16 financial year and subsequent financial years in accordance with section 53 of Financial Management Act 1994.

Approval was granted by the minister on 23 June 2016.

Consequently, for the year ended 30 June 2016, LMA’s financial statements were consolidated with DEDJTR.

Note 4. Summary of compliance with annual parliamentary and special appropriations

(A) Summary of compliance with annual parliamentary appropriationsThe following table discloses the details of parliamentary appropriations received by the department for the year. In accordance with accrual output-based management procedures ‘provision of outputs’ and ‘additions to net assets’ are disclosed as ‘controlled’ activities of the department. Administered transactions are those that are undertaken on behalf of the State of Victoria over which the department has no control or discretion.

($ thousand)

Appropriation Act

Annual Appropriation Advance from Treasurer

2016 2015 (i) 2016 2015

Controlled

Provision of outputs 6,479,734 616,662 77,163 85,772

Regional Growth Fund 125,000 121,377 - -

Additions to net assets 1,808,39 98,486 297,212 32,579

Administered

Payments made on behalf of the State 66,767 63,688 - -

Total 8,479,892 900,213 374,375 118,351

(A) Summary of compliance with annual parliamentary appropriations (continued)


Financial Management Act 1994 Financial Management Act 1994

Section 29 Section 30 Section 32 Section 35 Advances

2016 2015 2016 2015 2016 2015 2016 2015

Controlled

Provision of outputs 331,932 256,528 (18,574) 63,500 134,122 96,136 27,973 -

Regional Growth Fund - - - - - - - -

Additions to net assets 34,500 139,825 18,574 (63,500) 84,200 87,591 156,562 -

Administered

Payments made on behalf of the State - - - - 2,736 656 - -

Total 366,432 396,353 - - 221,058 184,383 184,535 -


Note 3. Composite reporting of Linking Melbourne Authority

On 7 January 2015, the Acting Minister for Roads and Road Safety announced that the operations of Linking Melbourne Authority (LMA) was to cease.

On 9 June 2016, the Minister for Roads and Road Safety wrote to the Minister for Finance requesting approval for the composite reporting of LMA’s annual report of operations and financial statements with DEDJTR for the 2015-16 financial year and subsequent financial years in accordance with section 53 of Financial Management Act 1994.

Approval was granted by the minister on 23 June 2016.

Consequently, for the year ended 30 June 2016, LMA’s financial statements were consolidated with DEDJTR.

Note 4. Summary of compliance with annual parliamentary and special appropriations

(A) Summary of compliance with annual parliamentary appropriationsThe following table discloses the details of parliamentary appropriations received by the department for the year. In accordance with accrual output-based management procedures ‘provision of outputs’ and ‘additions to net assets’ are disclosed as ‘controlled’ activities of the department. Administered transactions are those that are undertaken on behalf of the State of Victoria over which the department has no control or discretion.

($ thousand)

Appropriation Act

Annual Appropriation Advance from Treasurer

2016 2015 (i) 2016 2015

Controlled

Provision of outputs 6,479,734 616,662 77,163 85,772

Regional Growth Fund 125,000 121,377 - -

Additions to net assets 1,808,39 98,486 297,212 32,579

Administered

Payments made on behalf of the State 66,767 63,688 - -

Total 8,479,892 900,213 374,375 118,351



Financial Management Act 1994 Financial Management Act 1994

Section 29 Section 30 Section 32 Section 35 Advances

2016 2015 2016 2015 2016 2015 2016 2015

Controlled

Provision of outputs 331,932 256,528 (18,574) 63,500 134,122 96,136 27,973 -

Regional Growth Fund - - - - - - - -

Additions to net assets 34,500 139,825 18,574 (63,500) 84,200 87,591 156,562 -

Administered

Payments made on behalf of the State - - - - 2,736 656 - -

Total 366,432 396,353 - - 221,058 184,383 184,535 -



Note 4. (continued)



Administrative Arrangements Act 1983 Machinery-of-government change (ii)

Total Parliamentary Authority

Appropriations applied Variance (iii) (iv)

2016 2015 2016 2015 2016 2015 2016 2015

Controlled

Provision of outputs - 2,754,262 7,032,350 3,872,860 6,628,394 3,615,363 403,956 257,497

Regional Growth Fund - - 125,000 121,377 125,000 121,377 - -

Additions to net assets - 796,531 2,399,439 1,091,512 2,137,060 958,313 262,379 133,199

Administered

Payments made on behalf of the State - 850 69,503 65,194 65,827 61,799 3,676 3,395

Total - 3,551,643 9,626,292 5,150,943 8,956,281 4,756,852 670,011 394,091

(i) As published in Victorian Budget 2015-16 Statement of Finances (incorporating Quarterly Financial Report No.3) Budget Paper No.5 Appendix A Table A.5: Consolidated Fund payments: total annual appropriations.

(ii) Reflects the transfer of functions and Parliamentary authorities forming the Department of Economic Development, Jobs, Transport and Resources effective from 1 January 2015.

(iii) A number of the department’s output programs have been rescheduled to the next financial year due to timing differences in commencements, completion of milestones, and/or contract finalisation. As a result the department has obtained approval to rephase a component of this unspent funding into future years and has also applied for the relevant output budget to be carried over into the next financial year.

(iv) The Department has unapplied Parliamentary authority arising from timing differences and re-phasing of projects and initiatives. As a result the department has obtained approval to rephase a component of this unspent funding into future years and has also applied for the relevant budget to be carried over into the next financial year.

(B) Summary of compliance with special appropriations

($ thousand)

2016 2015

Authority Purpose Appropriations applied

Operating

Section 213A (4) of the Transport (Compliance and Miscellaneous) Act 1983 Refund to public transport operators for administrative costs associated with ticket infringements

778 908

Total operating 778 908

Capital

Section 46QB of the Planning and Environment Act No. 45 of 1987 Purchase of land at Cranbourne East Station. 3,779 -

Total capital 3,779 -



Note 5. Income from transactions

(A) Sale of services

($ thousand)

2016 2015

Sale of services 17,243 20,962

Total sale of services 17,243 20,962

(B) Interest

($ thousand)

2016 2015

Interest from financial assets not at fair value through P/L - Interest on bank deposits

6,345 6,179

Total interest 6,345 6,179

(C) Grants

($ thousand)

2016 2015

Grants from government and others 123,636 105,527

Total grants 123,636 105,527

(D) Other income

($ thousand)

2016 2015

Regulatory charges, fees and fines 15,592 6,828

Trust income 13,166 49,259

Project Management Fees 8,155 8,594

Miscellaneous income 3,506 1,373

Land development (Kew residential services redevelopment) - 88,684

Sale proceeds - land - 14,283

Total other income 40,419 169,021


Note 6. Expenses from transactions

(A) Employee expenses

($ thousand)

2016 2015

Salaries, wages, annual leave, long service leave and on-costs (350,208) (236,291)

Total employee expenses (350,208) (236,291)

(B) Depreciation and amortisation

($ thousand)

2016 2015

Property, plant and equipment depreciation (42,989) (24,009)

Intangible assets amortisation (3,082) (5,583)

Total depreciation and amortisation (46,071) (29,592)

(C) Interest expense

($ thousand)

2016 2015

Interest on finance leases (21,460) (12,043)

Total interest expense (21,460) (12,043)



Note 6. (continued)(D) Grants and other transfers

($ thousand)

2016 2015

Grants to portfolio agencies

Public Transport Victoria (3,918,040) (1,859,312)

VicRoads (1,089,986) (494,981)

Creative Victoria agencies (273,370) (120,487)

Taxi Services Commission (88,016) (42,966)

Tourism Victoria (53,400) (73,570)

Linking Melbourne Authority - (58,503)

Film Victoria (25,373) (19,871)

Other grants to portfolio agencies (97,127) (90,917)

Total grants to portfolio agencies (5,545,312) (2,760,607)

Grants to local government and local ports

Local government (73,685) (79,559)

Local ports (10,836) (4,168)

Total grants to local government and local ports (84,521) (83,727)

Grants and other transfers to State Government departments and associated entities outside portfolio

Other State Government departments (71,664) (37,064)

Total grants and other transfers to State Government departments and associated entities outside portfolio

(71,664) (37,064)

Grants to external organisations and individuals

Other non-government agencies (261,801) (266,321)

Total grants to external organisations and individuals (261,801) (266,321)

Total grants and other transfers (5,963,298) (3,147,719)

(E) Other operating expenses

($ thousand)

2016 2015

Supplies and services

Contracts and services (178,266) (165,922)

Recognition of joint venture funding obligation (74,992) -

Computer services and equipment (49,509) (23,354)

Accommodation (26,668) (14,088)

Administrative expenses (81,317) (53,143)

Total supplies and services (410,752) (256,507)

Operating lease rental expenses

- Minimum lease payments (17,971) (23,198)

Total operating lease rental expenses (17,971) (23,198)

Cost of goods sold/distributed (a) - (98,868)

Total other operating expenses (428,723) (378,573)

(a) Costs relate primarily to Kew residential services redevelopment.


Note 7. Other economic flows included in net result(A) Net gain/(loss) on non-financial assets

($ thousand)

Note 2016 2015

Gross proceeds from sale of property, plant and equipment

Leased vehicles 5,567 1,668

Total proceeds 5,567 1,668

Write down of inventory - (29)

Disposal of leased vehicles (1,310) (972)

Recognition of non-financial assets (i) 76 2,221

Derecognition of property, plant and equipment 10 - (2,280)

Gain/(loss) on disposal of property, plant and equipment (9,701) (790)

Impairment of infrastructure 10 - (26,385)

Gain arising from changes in fair value of biological assets 11 575 525

Decrease attributable to demise of biological assets 11 (80) (97)

Decrease attributable to sales 11 (645) (800)

Loss on disposal of intangible assets 12 (3,962) (1,083)

Impairment of intangible assets 12 - (14,411)

Total net loss on non-financial assets (excluding proceeds) (15,047) (44,101)

Net loss on non-financial assets (9,480) (42,433)

(B) Net gains/(losses) on financial instruments

($ thousand)

2016 2015

Impairment of loans and receivable 37 -

Impairment of listed securities (ii) (24) (2)

Unrealised loss on foreign exchange hedge (564) -

Total net gains/(losses) on financial instruments (551) (2)

(C) Other gains/(losses) from other economic flows

($ thousand)

2016 2015

Net loss arising from revaluation of long service leave liability(iii) (262) (244)

Unwinding of other provision 19,525 -

Total other gains/(losses) from other economic flows 19,263 (244)

Total 9,232 (42,679)

(i) Adjusted for prior year figure to account for sale of livestock

(ii) Fair value adjustment to listed securities

(iii) Revaluation gain/(loss) due to changes in bond rates



Note 8. ReceivablesCurrent receivables

($ thousand)

2016 2015

Contractual

Other receivables - government (i) 40,007 5,730

Other receivables - non-government 29,091 53,775

69,098 59,505

Statutory

Amounts owing from Victorian Government (ii) 1,186,151 1,201,483

GST input tax credit recoverable from the ATO 57,081 18,022

1,243,232 1,219,505

Total current receivables 1,312,330 1,279,010

Non-current receivables

($ thousand)

2016 2015

Contractual

Receivables - government (i) 27,232 3,319

Other receivables - non-government 20,876 20,404

48,108 23,723

Statutory

Amounts owing from Victorian Government (ii) 3,040 8,837

3,040 8,837

Total non-current receivables 51,148 32,560

Total receivables 1,363,478 1,311,570

(i) The average credit period on sales of goods is 30 days. No interest is charged on receivables. A provision has been made for estimated irrecoverable amounts from the sale of goods when there is objective evidence that an individual receivable is impaired. The increase was recognised in the net result for the current financial year.

(ii) The amounts recognised from the Victorian Government represent funding for all commitments incurred through the appropriations and are drawn from the Consolidated Fund as the commitments fall due.

Ageing analysis of contractual receivables Please refer to Table 22.4 in Note 22 for the ageing analysis of contractual receivables.

Nature and extent of risk from contractual receivables Please refer to Note 22 for the nature and extent of risks arising from contractual receivables.


Note 9. Investments

(A) Equity investments

Current InvestmentsTerm deposits: the department had no current investments with maturities greater than three months.

($ thousand)

2016 2015

Current investments

Equity and management investments

Listed securities 71 94

Total current and non-current investments and other financial assets 71 94

(B) Investments accounted for using the proportionate consolidation methodOn 1 January 2015, the department assumed responsibility for the Royal Melbourne Showgrounds and Biosciences Research Centre joint operations transferred from the former Department of Environment and Primary Industries (DEPI).

Royal Melbourne Showgrounds

In October 2003, the state, represented by the former Department of Primary Industries entered into a joint operations agreement with the Royal Agricultural Society of Victoria Limited (RASV) to redevelop the Royal Melbourne Showgrounds. The agreement came into effect on 30 June 2005.

Two joint operations structures were established, an unincorporated joint operation to carry out and deliver the joint operations project, and an incorporated joint operation entity, Showgrounds Nominees Pty Ltd, to hold the assets of the joint operation and to enter into agreements on behalf of the state and RASV.

The state’s contribution to the joint operation is $100.7 million (expressed in 2004 dollars) while RASV has contributed its freehold title to the showgrounds land valued at $51 million in June 2005. In June 2006, Showgrounds Nominees Pty Ltd entered into a Development and Operations Agreement (on behalf of the state and RASV) with the concessionaire, PPP Solutions (Showgrounds) Nominee Pty Ltd, to design, construct, finance and maintain the new facilities at the showgrounds.

The project operation term is 25 years from the date of commercial acceptance of completed works which occurred in August 2006. The joint operation project is being delivered under the Partnerships Victoria Policy framework.

Biosciences Research Centre

In April 2008, the state, represented by the former Department of Environment and Primary Industries (DEPI) entered into a joint operations agreement with La Trobe University (La Trobe) to establish a world-class research facility at the University’s Melbourne campus in Bundoora, AgriBio, Centre for AgriBioscience. A similar structure to the RASV joint operation has been adopted comprising an unincorporated joint operation to carry out and deliver the joint operation project, and an incorporated joint operation entity, Biosciences Research Centre Pty Ltd to hold the assets of the joint operation and to enter into agreements on behalf of the state and La Trobe.

The state’s contribution to the joint operations is $227.3 million (expressed in May 2009 dollars).

On 30 April 2009, Biosciences Research Centre Pty Ltd entered into a project agreement (on behalf of the state and La Trobe) with Plenary Research Pty Ltd (the Concessionaire) to design, construct, finance and maintain the facility over the project’s operating term. The project’s operating term is 25 years from the date of commercial acceptance which occurred 18 July 2012. The joint operation project is being delivered under the Partnerships Victoria Policy framework.

The department pays quarterly service payments in full each quarter as they fall due.

In December 2015, La Trobe exercised the right to pay its remaining service payments in full.



Note 9. (continued)(B) Investments accounted for using the proportionate consolidation method (cont.)In addition, La Trobe contributes on a quarterly basis, 25 per cent of the general facilities management, maintenance and minor work costs associated with the services.

In accordance with the joint operation agreement, the participants are required to fund the administration

expenses of the joint operation in equal shares of 50 per cent each.

Ownership interest

2016 %

2015 %

Name of entity Principal activity Country of incorporation


To carry out the redevelopment of the Royal Melbourne Showgrounds

Australia 50.0 50.0


To establish a world-class research facility

Australia 75.0 75.0

Joint operations accounted for using the proportionate consolidation method

The department’s interest in assets, liabilities, income, and expenses in the above joint operations is detailed below. The amounts are included in the financial statements under their respective categories.

($ thousand)

2016 2015


Current assets

Cash and deposits 515 287

Receivables – contributions receivable 6,247 4,700

Receivables – accrued income 176 181

Total current assets 6,938 5,168

Non-current assets

Receivables – contributions receivable 14,629 20,404

Property, plant and equipment 128,706 90,930

Total non-current assets 143,335 111,334

Total assets 150,273 116,502

Current liabilities

Payables 1,707 1,660

Borrowings 1,347 1,213

Other liabilities - -

Total current liabilities 3,054 2,873

Non-current liabilities

Borrowings 43,247 44,517

Other liabilities 2,367 2,422

Total non-current liabilities 45,614 46,939


($ thousand)

2016 2015

Total liabilities 48,668 49,812

Net assets 101,605 66,690

Income 2,517 1,418

Expenses 6,691 3,356


Current assets

Accrued income 5,670 6,164

Total current assets 5,670 6,164

Non-current assets

Property, plant and equipment 133,144 139,773

Intangible assets 32,517 32,620

Total non-current assets 165,661 172,393

Total assets 171,331 178,557

Current liabilities

Accrued expenses 5,670 6,164

Borrowings - 1,761

Total current liabilities 5,670 7,925

Non-current liabilities

Borrowings 193,865 199,052

Total non-current liabilities 193,865 199,052

Total liabilities 199,535 206,977

Net deficiency (28,204) (28,420)

Income 25,503 14,684

Expenses 31,147 14,684

Contingent liabilities and commitments

Contingent liabilities and commitments arising from department’s interests in joint operations are disclosed in Note 20 Commitments for expenditure and Note 21 Contingent assets and contingent liabilities.



Note 10. Property, plant and equipmentClassification by ‘Purpose Groups’(i) – carrying amounts


Public administration

Transportation and communications

Public safety and environment Total

2016 2015 2016 2015 2016 2015 2016 2015

Land

Land – fair value 95,321 83,339 234,009 163,877 384,864 328,231 714,194 575,447

95,321 83,339 234,009 163,877 384,864 328,231 714,194 575,447

Buildings and structures

Buildings and structures at fair value 6,973 6,459 73,283 73,258 529,150 518,298 609,406 598,015

Less: accumulated depreciation (727) (594) (1,466) - (62,212) (77,652) (64,405) (78,246)

6,246 5,865 71,817 73,258 466,938 440,646 545,001 519,769

Building leasehold

Building leasehold – at fair value 12,477 6,869 - - 11,573 11,804 24,050 18,673

Less: accumulated amortisation (253) - - - (7,744) (7,259) (7,997) (7,259)

12,224 6,869 - - 3,829 4,545 16,053 11,414


Leasehold improvements – at fair value 33,453 33,422 19,361 19,165 5,302 993 58,116 53,580

Less: accumulated amortisation (21,044) (18,264) (7,596) (6,092) (1,208) (953) (29,848) (25,309)

12,409 15,158 11,765 13,073 4,094 40 28,268 28,271

Total land, buildings and structures, building leasehold and leasehold improvements

126,200 111,231 317,591 250,208 859,725 773,462 1,303,516 1,134,901

(i) Property, plant and equipment are classified primarily by the ‘purpose’ for which the assets are used, according to one of six purpose groups based upon government purpose classifications. All assets within a purpose group are further sub-categorised according to the asset’s ‘nature’ (i.e. buildings, plant and equipment, etc.), with each sub-category being classified as a separate class of asset for financial reporting purposes.


Note 10. Property, plant and equipmentClassification by ‘Purpose Groups’(i) – carrying amounts





2016 2015 2016 2015 2016 2015 2016 2015

Land

Land – fair value 95,321 83,339 234,009 163,877 384,864 328,231 714,194 575,447

95,321 83,339 234,009 163,877 384,864 328,231 714,194 575,447

Buildings and structures

Buildings and structures at fair value 6,973 6,459 73,283 73,258 529,150 518,298 609,406 598,015

Less: accumulated depreciation (727) (594) (1,466) - (62,212) (77,652) (64,405) (78,246)

6,246 5,865 71,817 73,258 466,938 440,646 545,001 519,769

Building leasehold

Building leasehold – at fair value 12,477 6,869 - - 11,573 11,804 24,050 18,673

Less: accumulated amortisation (253) - - - (7,744) (7,259) (7,997) (7,259)

12,224 6,869 - - 3,829 4,545 16,053 11,414


Leasehold improvements – at fair value 33,453 33,422 19,361 19,165 5,302 993 58,116 53,580

Less: accumulated amortisation (21,044) (18,264) (7,596) (6,092) (1,208) (953) (29,848) (25,309)

12,409 15,158 11,765 13,073 4,094 40 28,268 28,271

Total land, buildings and structures, building leasehold and leasehold improvements

126,200 111,231 317,591 250,208 859,725 773,462 1,303,516 1,134,901

(i) Property, plant and equipment are classified primarily by the ‘purpose’ for which the assets are used, according to one of six purpose groups based upon government purpose classifications. All assets within a purpose group are further sub-categorised according to the asset’s ‘nature’ (i.e. buildings, plant and equipment, etc.), with each sub-category being classified as a separate class of asset for financial reporting purposes.



Note 10. (continued)Classification by ‘Purpose Groups’(i) – carrying amounts (continued)





2016 2015 2016 2015 2016 2015 2016 2015

Plant and equipment

Plant and equipment at fair value 5,183 5,012 2,687 1,900 107,054 103,973 114,924 110,885

Less: accumulated depreciation (4,299) (3,988) (540) (377) (83,980) (77,853) (88,819) (82,218)

884 1,024 2,147 1,523 23,074 26,120 26,105 28,667

Leased plant and equipment 10,071 4,715 2,140 2,032 11,326 17,479 23,537 24,226


6,983 3,224 1,586 1,489 7,477 11,417 16,046 16,130

Total plant and equipment 7,867 4,248 3,733 3,012 30,551 37,537 42,151 44,797

Property, plant and equipment in the course of construction – at fair value

42,009 29,791 37,942 55,325 35,349 45,815 115,300 130,931

Total property, plant and equipment 176,076 145,270 359,266 308,545 925,625 856,814 1,460,967 1,310,629

Infrastructure

Infrastructure at fair value 28,903 28,508 29,746 25,272 - - 58,649 53,780

Less: accumulated depreciation (2,832) (2,097) (508) - - - (3,340) (2,097)

Total infrastructure 26,071 26,411 29,238 25,272 - - 55,309 51,683

Cultural assets

Cultural assets at fair value - - 256 256 12,150 11,981 12,406 12,237

Less: accumulated depreciation - - - - (2,787) (2,353) (2,787) (2,353)

Total cultural assets - - 256 256 9,363 9,628 9,619 9,884

Net carrying amount of property, plant, equipment, infrastructure and cultural assets

202,147 171,681 388,760 334,073 934,988 866,442 1,525,895 1,372,196

(i) Property, plant and equipment are classified primarily by the ‘purpose’ for which the assets are used, according to one of six purpose groups based upon government purpose classifications. All assets within a purpose group are further sub-categorised according to the asset’s ‘nature’ (i.e. buildings, plant and equipment, etc) with each sub-category being classified as a separate class of asset for financial reporting purposes.


Note 10. (continued)Classification by ‘Purpose Groups’(i) – carrying amounts (continued)





2016 2015 2016 2015 2016 2015 2016 2015

Plant and equipment

Plant and equipment at fair value 5,183 5,012 2,687 1,900 107,054 103,973 114,924 110,885


884 1,024 2,147 1,523 23,074 26,120 26,105 28,667

Leased plant and equipment 10,071 4,715 2,140 2,032 11,326 17,479 23,537 24,226


6,983 3,224 1,586 1,489 7,477 11,417 16,046 16,130

Total plant and equipment 7,867 4,248 3,733 3,012 30,551 37,537 42,151 44,797

Property, plant and equipment in the course of construction – at fair value

42,009 29,791 37,942 55,325 35,349 45,815 115,300 130,931

Total property, plant and equipment 176,076 145,270 359,266 308,545 925,625 856,814 1,460,967 1,310,629

Infrastructure

Infrastructure at fair value 28,903 28,508 29,746 25,272 - - 58,649 53,780

Less: accumulated depreciation (2,832) (2,097) (508) - - - (3,340) (2,097)

Total infrastructure 26,071 26,411 29,238 25,272 - - 55,309 51,683

Cultural assets

Cultural assets at fair value - - 256 256 12,150 11,981 12,406 12,237

Less: accumulated depreciation - - - - (2,787) (2,353) (2,787) (2,353)

Total cultural assets - - 256 256 9,363 9,628 9,619 9,884

Net carrying amount of property, plant, equipment, infrastructure and cultural assets

202,147 171,681 388,760 334,073 934,988 866,442 1,525,895 1,372,196

(i) Property, plant and equipment are classified primarily by the ‘purpose’ for which the assets are used, according to one of six purpose groups based upon government purpose classifications. All assets within a purpose group are further sub-categorised according to the asset’s ‘nature’ (i.e. buildings, plant and equipment, etc) with each sub-category being classified as a separate class of asset for financial reporting purposes.



Note 10. (continued)Classification by ‘public administration’ purpose group – movements in carrying amounts


Land at fair value

Buildings and structures at fair value

Buildings leasehold


2016 2015 2016 2015 2016 2015 2016 2015

Opening balance 83,338 107,650 5,865 5,989 6,868 5,972 15,158 15,946

Additions - - 514 - 5,430 - - 1,702

Disposals (140) - - - - - - -

Net revaluation increments/decrements 12,123 - - - - 957 - -

Transfers via contributed capital - (21,677) - - - - - -

Impairment of assets - - - - - - - -

Transfers to classified as held for sale - - - - - - - -

Net machinery-of-government transfers - - - - - - - -

Depreciation/amortisation expense - - (123) (124) (74) (61) (2,851) (2,490)

Received or given free of charge - - - - - - -

Transfers to administered entity for disposal - (2,635) - - - - - -

Transfers between classes - - (9) - - - 102 -

Recognition/(derecognition) - - - - - -

Closing balance 95,321 83,338 6,247 5,865 12,224 6,868 12,409 15,158

Classification by ‘public administration’ purpose group – movements in carrying amounts

($ thousand)

Plant and equipment


PP&E in course of construction

2016 2015 2016 2015 2016 2015

Opening balance 1,024 1,024 3,225 3,173 29,791 355,236

Additions 323 523 2,004 2,159 12,715 40,487

Disposals - (2) (628) (803) - -

Net revaluation increments/decrements - - - - - -

Transfers via contributed capital - - (296) - - (364,964)

Impairment of assets - - - - - -

Transfers to classified as held for sale - - (58) (47) - -

Net machinery-of-government transfers - - - (82) - -

Depreciation/amortisation expense (457) (468) (1,117) (1,105) - -

Received or given free of charge (6) - - (70) - -

Transfers to administered entity for disposal - - - - - -

Transfers between classes - - 3,854 - (497) (968)

Recognition/(derecognition) - (53) - - - -

Closing balance 884 1,024 6,984 3,225 42,009 29,791




Land at fair value


Buildings leasehold


2016 2015 2016 2015 2016 2015 2016 2015

Opening balance 83,338 107,650 5,865 5,989 6,868 5,972 15,158 15,946

Additions - - 514 - 5,430 - - 1,702

Disposals (140) - - - - - - -

Net revaluation increments/decrements 12,123 - - - - 957 - -

Transfers via contributed capital - (21,677) - - - - - -



Net machinery-of-government transfers - - - - - - - -

Depreciation/amortisation expense - - (123) (124) (74) (61) (2,851) (2,490)

Received or given free of charge - - - - - - -

Transfers to administered entity for disposal - (2,635) - - - - - -

Transfers between classes - - (9) - - - 102 -


Closing balance 95,321 83,338 6,247 5,865 12,224 6,868 12,409 15,158

Classification by ‘public administration’ purpose group – movements in carrying amounts

($ thousand)

Plant and equipment



2016 2015 2016 2015 2016 2015

Opening balance 1,024 1,024 3,225 3,173 29,791 355,236

Additions 323 523 2,004 2,159 12,715 40,487

Disposals - (2) (628) (803) - -


Transfers via contributed capital - - (296) - - (364,964)



Net machinery-of-government transfers - - - (82) - -

Depreciation/amortisation expense (457) (468) (1,117) (1,105) - -

Received or given free of charge (6) - - (70) - -


Transfers between classes - - 3,854 - (497) (968)

Recognition/(derecognition) - (53) - - - -

Closing balance 884 1,024 6,984 3,225 42,009 29,791




($ thousand)

Infrastructure Cultural assets Total

2016 2015 2016 2015 2016 2015

Opening balance 26,411 64,036 - - 171,680 559,026

Additions - - - - 20,986 44,871

Disposals - - - - (768) (805)

Net revaluation increments/decrements - - - - 12,123 957

Transfers via contributed capital - (37,459) - - (296) (424,100)


Transfers to classified as held for sale - - - - (58) (47)

Net machinery-of-government transfers - - - - - (82)

Depreciation/amortisation expense (735) (1,134) - - (5,357) (5,382)

Received or given free of charge - - - - (6) (70)

Transfers to administered entity for disposal - - - - - (2,635)

Transfers between classes 395 968 - - 3,845 -

Recognition/(derecognition) - - - - - (53)

Closing balance 26,071 26,411 - - 202,149 171,680

Classification by ‘transportation and communications’ purpose group – movements in carrying amounts


Land at fair value


Buildings leasehold


2016 2015 2016 2015 2016 2015 2016 2015

Opening balance 163,877 - 73,258 - - - 13,073 -

Additions 42,632 5,617 25 - - - 928 27

Disposals (8,775) - - - - - - -

Net revaluation increments/decrements 23,487 (38,076) - 5,521 - - - -

Transfers via contributed capital 12,788 166,409 - 67,737 - - (3,477) -



Net machinery-of-government transfers - 28,177 - - - - - 9,978

Depreciation/amortisation expense - - (1,466) - - - (1,503) (659)

Received or given free of charge - 1,750 - - - - - -

Transfers to administered entity for disposal - - - - - - - -

Transfers between classes - - - - - - 2,744 3,727

Recognition/(derecognition) - - - - - - - -

Closing balance 234,009 163,877 71,817 73,258 - - 11,765 13,073



($ thousand)


2016 2015 2016 2015 2016 2015

Opening balance 26,411 64,036 - - 171,680 559,026

Additions - - - - 20,986 44,871

Disposals - - - - (768) (805)

Net revaluation increments/decrements - - - - 12,123 957

Transfers via contributed capital - (37,459) - - (296) (424,100)



Net machinery-of-government transfers - - - - - (82)

Depreciation/amortisation expense (735) (1,134) - - (5,357) (5,382)

Received or given free of charge - - - - (6) (70)

Transfers to administered entity for disposal - - - - - (2,635)

Transfers between classes 395 968 - - 3,845 -

Recognition/(derecognition) - - - - - (53)

Closing balance 26,071 26,411 - - 202,149 171,680



Land at fair value


Buildings leasehold


2016 2015 2016 2015 2016 2015 2016 2015

Opening balance 163,877 - 73,258 - - - 13,073 -

Additions 42,632 5,617 25 - - - 928 27

Disposals (8,775) - - - - - - -

Net revaluation increments/decrements 23,487 (38,076) - 5,521 - - - -

Transfers via contributed capital 12,788 166,409 - 67,737 - - (3,477) -



Net machinery-of-government transfers - 28,177 - - - - - 9,978

Depreciation/amortisation expense - - (1,466) - - - (1,503) (659)

Received or given free of charge - 1,750 - - - - - -

Transfers to administered entity for disposal - - - - - - - -

Transfers between classes - - - - - - 2,744 3,727


Closing balance 234,009 163,877 71,817 73,258 - - 11,765 13,073



Note 10. (continued)Classification by ‘transportation and communications’ purpose group – movements in carrying amounts

($ thousand)

Plant and equipment



2016 2015 2016 2015 2016 2015

Opening balance 1,523 - 1,490 - 55,326 -

Additions 798 21 861 210 802,296 58,163

Disposals - (43) (387) (169) - -

Net revaluation increments/decrements - 323 - - - -

Transfers via contributed capital - 220 - - (816,936) -

Impairment of assets - - - - - (26,385)


Net machinery-of-government transfers - 1,323 - 1,637 - 27,275

Depreciation/amortisation expense (174) (101) (402) (191) - -

Received or given free of charge - - 88 11 - -


Transfers between classes - (220) - - (2,744) (3,727)


Closing balance 2,147 1,523 1,586 1,490 37,942 55,326



($ thousand)

InfrastructureCultural assets Total

2016 2015 2016 2015 2016 2015

Opening balance 25,272 - 256 - 334,075 -

Additions - - - - 847,540 64,038

Disposals - - - - (9,162) (212)

Net revaluation increments/decrements - 14,406 - 256 23,487 (17,570)

Transfers via contributed capital 285 - - - (807,340) 234,366

Impairment of assets - - - - - (26,385)


Net government transfers 4,161 10,997 - - 4,161 79,387

Depreciation/amortisation expense (488) (131) - - (4,033) (1,082)

Received or given free of charge - - - - 88 1,761


Transfers between classes - - - - - (220)

Recognition/(derecognition) 8 - - - 8 -

Closing balance 29,238 25,272 256 256 388,760 334,075



Note 10. (continued)Classification by ‘public safety and environment’ purpose group – movements in carrying amounts


Land at fair value


Buildings leasehold


2016 2015 2016 2015 2016 2015 2016 2015

Opening balance 328,231 - 440,647 - 4,545 - 40 -

Additions - - 70 29 - - 436 -

Disposals (704) - (134) - - - - -

Net revaluation increments/decrements 57,855 (851) 3,153 13 - - - -

Transfers via contributed capital 20,618 - - - - - - -


Transfers to classified as held for sale (21,211) (16,819) - - - - - -

Net machinery-of-government transfers - 360,905 - 445,844 - 4,853 - 175

Depreciation/amortisation expense - - (21,840) (10,538) (529) (308) (172) (135)

Received or given free of charge 75 - (250) (208) - - - -

Transfers to administered entity for disposal - (15,004) - (804) - - - -

Transfers between classes - - 45,292 6,311 (187) - 3,790 -


Closing balance 384,864 328,231 466,938 440,647 3,829 4,545 4,094 40

Classification by ‘public safety and environment’ purpose group – movements in carrying amounts

($ thousand)

Plant and equipment



2016 2015 2016 2015 2016 2015

Opening balance 26,120 - 11,417 - 45,813 -

Additions 5,474 6,711 3,782 3,280 38,433 11,069

Disposals (60) (119) (955) (69) - -


Transfers via contributed capital - - (161) - (1,739) -

Impairment of assets - 2 - - - -



Depreciation/amortisation expense (6,679) (4,059) (3,945) (2,219) - -

Received or given free of charge - - - - - -

Transfers to administered entity for disposal - (267) - - - (1)

Transfers between classes (1,737) 10 (3,854) (1,075) (47,160) (6,474)

Recognition/(derecognition) (44) 2 1,350 - - (808)

Closing balance 23,074 26,120 7,477 11,417 35,347 45,813




Land at fair value


Buildings leasehold


2016 2015 2016 2015 2016 2015 2016 2015

Opening balance 328,231 - 440,647 - 4,545 - 40 -

Additions - - 70 29 - - 436 -

Disposals (704) - (134) - - - - -

Net revaluation increments/decrements 57,855 (851) 3,153 13 - - - -

Transfers via contributed capital 20,618 - - - - - - -


Transfers to classified as held for sale (21,211) (16,819) - - - - - -

Net machinery-of-government transfers - 360,905 - 445,844 - 4,853 - 175

Depreciation/amortisation expense - - (21,840) (10,538) (529) (308) (172) (135)

Received or given free of charge 75 - (250) (208) - - - -

Transfers to administered entity for disposal - (15,004) - (804) - - - -

Transfers between classes - - 45,292 6,311 (187) - 3,790 -


Closing balance 384,864 328,231 466,938 440,647 3,829 4,545 4,094 40

Classification by ‘public safety and environment’ purpose group – movements in carrying amounts

($ thousand)

Plant and equipment



2016 2015 2016 2015 2016 2015

Opening balance 26,120 - 11,417 - 45,813 -

Additions 5,474 6,711 3,782 3,280 38,433 11,069

Disposals (60) (119) (955) (69) - -


Transfers via contributed capital - - (161) - (1,739) -

Impairment of assets - 2 - - - -



Depreciation/amortisation expense (6,679) (4,059) (3,945) (2,219) - -

Received or given free of charge - - - - - -

Transfers to administered entity for disposal - (267) - - - (1)

Transfers between classes (1,737) 10 (3,854) (1,075) (47,160) (6,474)

Recognition/(derecognition) (44) 2 1,350 - - (808)

Closing balance 23,074 26,120 7,477 11,417 35,347 45,813




($ thousand)


2016 2015 2016 2015 2016 2015

Opening balance - - 9,628 - 866,441 -

Additions - - 169 - 48,364 21,089

Disposals - - - - (1,853) (188)

Net revaluation increments/decrements - - - - 61,008 (838)

Transfers via contributed capital - - - - 18,718 -

Impairment of assets - - - - - 2

Transfers to classified as held for sale - - - - (21,368) (17,115)

Net machinery-of-government transfers - - 9,896 - 899,336

Depreciation/amortisation expense - - (434) (286) (33,599) (17,545)

Received or given free of charge - - - (175) (208)

Transfers to administered entity for disposal - - - - (16,076)

Transfers between classes - - 18 (3,856) (1,210)

Recognition/(derecognition) - - - - 1,306 (806)

Closing balance - - 9,363 9,628 934,986 866,441

Classification by purpose groups – movements in carrying amounts


NotePublic

administrationTransportation and

communicationsPublic safety

and environment Total

2016 2015 2016 2015 2016 2015 2016 2015

Opening balance 171,680 559,026 334,075 - 866,441 - 1,372,196 559,026

Additions 20,986 44,871 847,540 64,038 48,364 21,089 916,890 129,998

Disposals (768) (805) (9,162) (212) (1,853) (188) (11,783) (1,205)

Net revaluation increments/decrements 12,123 957 23,487 (17,570) 61,008 (838) 96,618 (17,451)

Transfers via contributed capital (296) (424,100) (807,340) 234,366 18,718 - (788,918) (189,734)

Impairment of infrastructure - - - (26,385) - 2 - (26,383)

Transfers to classified as held for sale (58) (47) (64) (8) (21,368) (17,115) (21,490) (17,170)

Net transfers (to)/from government entities - (82) 4,161 79,387 - 899,336 4,161 978,641

Depreciation/amortisation expense 6(B) (5,357) (5,382) (4,033) (1,082) (33,599) (17,545) (42,989) (24,009)

Received or given free of charge (6) (70) 88 1,761 (175) (208) (93) 1,483

Transfers to administered entity for disposal - (2,635) - - - (16,076) - (18,711)

Transfers between classes 3,845 - - (220) (3,856) (1,210) (11) (1,430)

Recognition/(derecognition) - (53) 8 - 1,306 (806) 1,314 (859)

Closing balance 202,149 171,680 388,760 334,075 934,986 866,441 1,525,895 1,372,196



Note 10. (continued)The following useful lives of assets are used in the calculation of depreciation and amortisation: Aggregate depreciation and amortisation allocated and recognised as an expense(i):

Useful life Useful life Useful life Useful life

2016 2015 2016 2015

Asset class Asset class

Buildings and structures 25 to 100 years 25 to 100 years Buildings and structures 23,429 10,661

Buildings leasehold 7 to 150 years 7 to 150 years Buildings leasehold 603 504

Infrastructure 20 to 50 years 4 to 90 years Infrastructure 1,223 1,266

Cultural assets 100 years 5 to 100 years Cultural assets 434 286

Leasehold improvements 4 to 19 years 8 to 15 years Leasehold improvements 4,526 3,149

Plant and equipment 3 to 25 years 3 to 42 years Plant and equipment 7,310 4,628

Leased plant and equipment 1 to 3 years 1 to 3 years Leased plant and equipment 5,464 3,515

Intangible produced assets - software development 4 years 1 to 5 years Total 42,989 24,009

(i) Amortisation of $3 million relating to intangible produced assets is disclosed in Note 12.

Fair value measurement hierarchy for assets as at 30 June


Carrying amount as at 30 June 2016


Fair value measurement at end of reporting period using:

Level 1(i) Level 2(i) Level 3(i)

2016 2015 2016 2015 2016 2015

Land at fair value

Non-specialised land 272,245 242,648 - - 272,245 242,648 - -

Specialised land 441,949 332,798 - - - - 441,949 332,798

Total of land at fair value 714,194 575,446 - - 272,245 242,648 441,949 332,798

Buildings at fair value

Specialised/heritage buildings 445,317 420,085 - - - - 445,317 420,085

Non-specialised buildings 99,685 99,685 - - 99,685 99,685 - -

Total of buildings at fair value 545,002 519,770 - - 99,685 99,685 445,317 420,085

Plant, equipment and vehicles at fair value

Vehicles(ii) 16,046 16,130 - - - - 16,046 16,130

Plant and equipment 26,105 28,667 - - 91 91 26,014 28,576

Total plant, equipment and vehicles at fair value 42,151 44,797 - - 91 91 42,060 44,706

Infrastructure at fair value

Infrastructure 55,309 51,683 - - - - 55,309 51,683

Total of infrastructure at fair value 55,309 51,683 - - - - 55,309 51,683

Cultural assets at fair value

Cultural assets 9,619 9,885 - - 24 24 9,595 9,861

Total cultural assets at fair value 9,619 9,885 - - 24 24 9,595 9,861

Building leasehold improvements at fair value

Leasehold improvements 28,268 28,270 - - - - 28,268 28,270

Total leasehold improvements at fair value 28,268 28,270 - - - - 28,268 28,270

Building leasehold at fair value

Building leasehold 16,053 11,414 - - 16,053 11,414 - -

Total building leasehold at fair value 16,053 11,414 - - 16,053 11,414 - -

Total property, plant, equipment and infrastructure at fair value 1,410,596 1,241,265 - - 388,098 353,862 1,022,498 887,403

(i) Classified in accordance with the fair value hierarchy. (ii) Vehicles are categorised to Level 3 assets as depreciated replacement cost is used in estimating fair value.


Note 10. (continued)The following useful lives of assets are used in the calculation of depreciation and amortisation: Aggregate depreciation and amortisation allocated and recognised as an expense(i):

Useful life Useful life Useful life Useful life

2016 2015 2016 2015

Asset class Asset class

Buildings and structures 25 to 100 years 25 to 100 years Buildings and structures 23,429 10,661

Buildings leasehold 7 to 150 years 7 to 150 years Buildings leasehold 603 504

Infrastructure 20 to 50 years 4 to 90 years Infrastructure 1,223 1,266

Cultural assets 100 years 5 to 100 years Cultural assets 434 286

Leasehold improvements 4 to 19 years 8 to 15 years Leasehold improvements 4,526 3,149

Plant and equipment 3 to 25 years 3 to 42 years Plant and equipment 7,310 4,628

Leased plant and equipment 1 to 3 years 1 to 3 years Leased plant and equipment 5,464 3,515

Intangible produced assets - software development 4 years 1 to 5 years Total 42,989 24,009

(i) Amortisation of $3 million relating to intangible produced assets is disclosed in Note 12.

Fair value measurement hierarchy for assets as at 30 June





Level 1(i) Level 2(i) Level 3(i)

2016 2015 2016 2015 2016 2015

Land at fair value

Non-specialised land 272,245 242,648 - - 272,245 242,648 - -

Specialised land 441,949 332,798 - - - - 441,949 332,798

Total of land at fair value 714,194 575,446 - - 272,245 242,648 441,949 332,798

Buildings at fair value

Specialised/heritage buildings 445,317 420,085 - - - - 445,317 420,085

Non-specialised buildings 99,685 99,685 - - 99,685 99,685 - -

Total of buildings at fair value 545,002 519,770 - - 99,685 99,685 445,317 420,085

Plant, equipment and vehicles at fair value

Vehicles(ii) 16,046 16,130 - - - - 16,046 16,130

Plant and equipment 26,105 28,667 - - 91 91 26,014 28,576

Total plant, equipment and vehicles at fair value 42,151 44,797 - - 91 91 42,060 44,706

Infrastructure at fair value

Infrastructure 55,309 51,683 - - - - 55,309 51,683

Total of infrastructure at fair value 55,309 51,683 - - - - 55,309 51,683

Cultural assets at fair value

Cultural assets 9,619 9,885 - - 24 24 9,595 9,861

Total cultural assets at fair value 9,619 9,885 - - 24 24 9,595 9,861

Building leasehold improvements at fair value

Leasehold improvements 28,268 28,270 - - - - 28,268 28,270

Total leasehold improvements at fair value 28,268 28,270 - - - - 28,268 28,270

Building leasehold at fair value

Building leasehold 16,053 11,414 - - 16,053 11,414 - -

Total building leasehold at fair value 16,053 11,414 - - 16,053 11,414 - -

Total property, plant, equipment and infrastructure at fair value 1,410,596 1,241,265 - - 388,098 353,862 1,022,498 887,403

(i) Classified in accordance with the fair value hierarchy. (ii) Vehicles are categorised to Level 3 assets as depreciated replacement cost is used in estimating fair value.



Note 10. (continued)Non-specialised land and non-specialised buildings

Non-specialised land and non-specialised buildings are valued using fair value. Under this valuation method, the assets are compared to recent comparable sales or sales of comparable assets which are considered to have nominal or no added improvement value.

For non-specialised land and non-specialised buildings, an independent valuation was performed by the Valuer-General Victoria (VGV) at 30 June 2016 of the agriculture assets (Public Safety and Environment sector) to determine the fair value using the market approach. Valuation of the assets was determined by analysing comparable sales and allowing for share, size, topography, location, and other relevant factors specific to the asset being valued. From the sales analysed, an appropriate rate per square metre has been applied to the subject asset. The effective date of the valuation for Public Administration sector was 30 June 2012. For the Transport and Communications sector the effective date of the valuation was 30 June 2015.

To the extent that non-specialised land and non-specialised buildings do not contain significant, unobservable adjustments, these assets are classified as Level 2 under the market approach. The next General Public Services independent asset revaluation will be performed in 2017.

Specialised land and specialised buildings

The market approach is also used for specialised land, although it is adjusted for the community service obligation (CSO) to reflect the specialised nature of the land being valued.

The CSO adjustment is a reflection of the valuer’s assessment of the impact of restrictions associated with an asset to the extent that is also equally applicable to market participants. This approach is in light of the highest and best use consideration required for fair value measurement, and takes into account the use of the asset that is physically possible, legally permissible, and financially feasible. As adjustments of CSO are considered as significant unobservable inputs, specialised land would be classified as Level 3 assets.

The income approach is also used for land and buildings as a valuation technique that converts future amounts (e.g. cash flows or income and expenses) to a single current (i.e. discounted) amount. The fair value measurement is determined on the basis of the value indicated by current market expectations about those future amounts

For the public administration output group, the majority of specialised buildings are valued using the depreciated replacement cost method. As the depreciation adjustments are considered as significant, unobservable inputs in nature, specialised buildings are classified as Level 3 fair value measurements. For the Transport sector output group, the majority of specialised buildings are valued using the market approach, adjusted for the associated depreciation and allowance for the buildings restricted use. As restricted use adjustments are considered as significant, unobservable inputs in nature, specialised buildings are classified as Level 3 fair value measurements.

An independent valuation of agriculture specialised land and specialised buildings was performed by the VGV. The valuation was performed using the market approach adjusted for CSO. The effective date of the valuation was 30 June 2016.

Plant and equipmentPlant and equipment is held at fair value. When plant and equipment is specialised in use, such that it is rarely sold other than as part of a going concern, fair value is determined using the depreciated replacement cost method. There were no changes in valuation techniques throughout the period to 30 June 2016. For all assets measured at fair value, the current use is considered the highest and best use.


Heritage, structures and infrastructure assets

Heritage, structures and infrastructure assets are valued using the depreciated replacement cost method. This cost represents the replacement cost of the asset after applying depreciation rates on a useful life basis. Replacement costs relate to costs to replace the current service capacity of the asset. Economic obsolescence has also been factored into the depreciated replacement cost calculation.

Where it has not been possible to examine hidden works such as structural frames and floors, the use of reasonable materials and methods of construction have been assumed bearing in mind the age and nature of the building. The estimated cost of reconstruction including structure services and finishes, also factors in any heritage classifications as applicable.

An independent valuation of Public Administration sector’s heritage assets and infrastructure was performed by the VGV. The valuation was performed based on the depreciated replacement cost of the assets. The effective date of the valuation was 30 June 2012. An independent valuation of Transport sector’s infrastructure was performed by the VGV. The valuation was performed based on the depreciated replacement cost of the assets. The effective date of the valuation is 30 June 2015. An independent valuation of Public Safety and Environment sector’s structures was performed by the VGV. The valuation was performed based on the depreciated replacement cost of the assets. The effective date of the valuation was 30 June 2016.

Motor vehicles under finance lease Vehicles are valued using the depreciated cost method. The department acquires new vehicles and at times disposes of them before the end of their economic life. The process of acquisition, use and disposal in the market is managed by experienced fleet managers who set relevant depreciation rates during use to reflect the utilisation of the vehicles. As depreciated replacement cost is considered as significant, unobservable inputs in nature, motor vehicles under finance lease are classified as Level 3 fair value measurements.

Historic and cultural assetsCultural assets (artworks) are valued using the depreciated replacement method in the Public Administration and Transport sectors where research of similar examples in existence in Australia was conducted and an estimated cost for replacement was established. Depreciation from this value was then attributed to the asset. For the Public Safety and Environment sector, cultural and historic assets are valued using the market approach. Under this valuation method, the historic and cultural assets are determined by a comparison to similar examples of the artist’s work in existence throughout Australia and research on prices paid for similar examples offered at auction or through art galleries in recent years.

To the extent that public safety and environment artwork and historic assets do not contain significant, unobservable adjustments, these assets are classified as Level 2 under the market approach. For Transport and Public Administration sector as depreciated replacement cost is considered as significant, unobservable inputs in nature, specialised buildings are classified as Level 3 fair value measurements.

An independent valuation of the Public Safety and Environment’s sector artwork and historic assets was performed by the VGV. The effective date of the valuation is 30 June 2011. An independent valuation of Transport sector’s artwork and historic assets was performed by the VGV. The valuation was performed based on the depreciated replacement cost of the assets. The effective date of the valuation is 30 June 2015. An independent valuation of the Public Administration sector’s heritage assets was performed by the VGV as at 30 June 2012. The valuation was performed based on the depreciated replacement cost of the assets.



Note 10. (continued)Reconciliation of Level 3 fair value


Specialised land

Specialised buildings and

structures

Plant and equipment and

vehicles InfrastructureCultural

assetsLeasehold

improvements Total

2016

Opening balance 332,798 420,085 44,707 51,681 9,860 28,272 887,403

Purchases 42,632 609 13,241 - 169 1,364 58,015

Disposals (9,619) (134) (2,030) - - - (11,783)

Transfers in/(out) of Level 3 - assets classified as held for sale (20,694) - (277) - - - (20,971)

Transfers in/(out) - free of charge 75 (250) 83 - - - (92)

Transfers in/(out) - government transfers - - - 4,162 - - 4,162

Transfer between classes - 45,283 (433) 396 - 6,635 51,881

Transfers in/(out) via contributed capital 33,406 - (457) 285 - (3,477) 29,757

Subtotal 45,800 45,508 10,127 4,843 169 4,522 110,969

Gains or losses recognised in net result

Depreciation - (23,429) (12,774) (1,215) (434) (4,526) (42,378)

Impairment - - - - - - -

Recognition/(derecognition), (write-down) of assets - - - - - - -

Subtotal - (23,429) (12,774) (1,215) (434) (4,526) (42,378)

Gains or losses recognised in other economic flows – other comprehensive income

Revaluation 63,351 3,153 - - - - 66,504

Sub-total 63,351 3,153 - - - - 66,504

Closing balance 30 June 2016 441,949 445,317 42,060 55,309 9,595 28,268 1,022,498


Note 10. (continued)Reconciliation of Level 3 fair value


Specialised land


structures



assetsLeasehold

improvements Total

2016

Opening balance 332,798 420,085 44,707 51,681 9,860 28,272 887,403

Purchases 42,632 609 13,241 - 169 1,364 58,015

Disposals (9,619) (134) (2,030) - - - (11,783)

Transfers in/(out) of Level 3 - assets classified as held for sale (20,694) - (277) - - - (20,971)

Transfers in/(out) - free of charge 75 (250) 83 - - - (92)

Transfers in/(out) - government transfers - - - 4,162 - - 4,162

Transfer between classes - 45,283 (433) 396 - 6,635 51,881

Transfers in/(out) via contributed capital 33,406 - (457) 285 - (3,477) 29,757

Subtotal 45,800 45,508 10,127 4,843 169 4,522 110,969


Depreciation - (23,429) (12,774) (1,215) (434) (4,526) (42,378)

Impairment - - - - - - -

Recognition/(derecognition), (write-down) of assets - - - - - - -

Subtotal - (23,429) (12,774) (1,215) (434) (4,526) (42,378)


Revaluation 63,351 3,153 - - - - 66,504

Sub-total 63,351 3,153 - - - - 66,504

Closing balance 30 June 2016 441,949 445,317 42,060 55,309 9,595 28,268 1,022,498



Note 10. (continued)Reconciliation of Level 3 fair value (continued)


Specialised land


structures



assetsLeasehold

improvements Total

Opening balance 7,800 5,989 4,197 64,036 - 15,947 97,969

Purchases 5,617 30 12,884 - - 1,729 20,260

Disposals - - (1,185) - - - (1,185)

Transfers in/(out) of Level 3 – assets classified as held for sale (16,819) - (352) - - - (17,171)

Transfers in/(out) – free of charge 1,750 - (59) - - - 1,691

Transfers in/(out) – government transfers 330,772 417,728 38,398 10,997 9,874 10,153 817,922

Transfer between classes - 9,938 (1,065) 967 16 3,727 13,583

Transfers in/(out) via contributed capital (12,079) - (252) (37,459) - - (49,790)

Subtotal 309,241 427,696 48,369 (25,495) 9,890 15,609 785,310


Depreciation - (13,613) (8,118) (1,266) (286) (3,284) (26,567)

Impairment - - 2 - - - 2

Recognition/(derecognition), (write-down) of assets - - (66) - - - (66)

Subtotal - (13,613) (8,182) (1,266) (286) (3,284) (26,631)


Revaluation 15,757 13 323 14,406 256 - 30,755

Sub-total 15,757 13 323 14,406 256 - 30,755

Closing balance 30 June 2015 332,798 420,085 44,707 51,681 9,860 28,272 887,403



Note 10. (continued)Description of significant unobservable inputs to Level 3 valuations for 2016 and 2015

2016 and 2015

Asset classValuation technique (i)

Significant unobservable inputs (i)

Specialised land Market approach Community service obligation (CSO) adjustment

Income cash flow Present value discount rate of 4.5%

Specialised/heritage buildings Depreciated replacement cost

Direct cost per square metre

Useful life of specialised buildings

Vehicles Depreciated replacement cost

Cost per unit

Useful life of vehicle

Plant & equipment Depreciated replacement cost

Cost per unit

Useful life of plant and equipment

Infrastructure Depreciated replacement cost

Cost per unit

Useful life of infrastructure

Cultural assets Depreciated replacement cost

Cost per unit


Specialised structures Depreciated replacement cost

Cost per unit


Leasehold improvements Depreciated replacement cost

Cost per unit

Useful life of leasehold improvements

(i) Illustrations on the valuation techniques, significant unobservable inputs and related quantitative range of those inputs are indicative and should not be directly used without consultation with the department’s independent valuer.


Note 11. Biological assets The department recognises breeding livestock as biological assets.

By head count

2016 2015

Breeding livestock: pigs, sheep and cattle 10,538 6,984

Reconciliation of carrying amount

($ thousand)

Note 2016 2015

Movements in carrying amounts of breeding livestock

Balance at 1 July 1,730 -

Transfer from the Department of Justice and Regulation 364 1,845

Decrease attributable to sales 7(A) (645) (800)

Increase due to purchases 45 257

Gain arising from changes in fair value of biological assets

7(A) 575 525

Decrease attributable to demise 7(A) (80) (97)

Balance at 30 June 1,989 1,730

Fair value measurement

($ thousand)

Carrying amount

30 June 2016

Level 2 fair value

measurement 30 June 2016

Carrying amount

30 June 2015

Breeding livestock: pigs, sheep and cattle 1,989 1,989 1,730

Total biological assets 1,989 1,989 1,730

Breeding livestock are carried at fair value. Fair value is based on relevant market indicators which include store cattle prices, abattoir market prices, and cattle prices received/quoted for the department’s cattle at the reporting date. Prices for cattle generally reflect the shorter term spot prices available in the market place and vary depending on the weight and condition of the animal.

To the extent that livestock do not contain significant, unobservable adjustments, these biological assets are classified as Level 2 under the market approach. Refer to Note 1(B) for the fair value hierarchy.

There have been no transfers between levels and no changes to valuation techniques throughout the reporting period.



Note 12. Intangible assets

($ thousand)

Computer software Other Total

Note 2016 2015 2016 2015 2016 2015

Gross carrying amount

Opening balance 24,526 18,324 53,848 20,598 78,374 38,922

Additions - 3,018 341 327 341 3,345

Machinery-of-government transfers - 33,254 - 32,923 - 66,177

Disposals 7(A) - (8,434) (3,962) - (3,962) (8,434)

Impairment 7(A) - (22,053) - - - (22,053)

Transfers between classes - 417 - - - 417

Closing balance 24,526 24,526 50,227 53,848 74,753 78,374

Accumulated amortisation

Opening balance (15,928) (2,690) (303) - (16,231) (2,690)

Amortisation 6(B) (3,082) (5,519) - (64) (3,082) (5,583)

Machinery-of-government transfers - (22,686) - (239) - (22,925)

Disposals 7(A) - 7,351 - - - 7,351

Impairment 7(A) - 7,642 - - - 7,642

Transfers between classes 91 (26) (106) - (15) (26)

Closing balance (18,919) (15,928) (409) (303) (19,328) (16,231)

Net book value at end of financial year 5,607 8,598 49,818 53,545 55,425 62,143

Other intangible assets

Other intangible assets include deferred expenditure of $17.301 million at 30 June 2016 (2015: $20.977 million) for the development of Parkville Gardens by Major Projects Victoria. The value for the development of Parkville Gardens is progressively expensed in line with the sale of properties. Parkville Gardens Development was tested for impairment at 30 June 2016 (2015: nil) and no write-down was charged to the net result.

Other intangibles also include $32.7 million which represents the difference between the state’s payment to La Trobe University for a 25 year lease term for the Biosciences Research Centre and the market value of that rental.



Note 13. Non-financial physical assets classified as held for sale including disposal group assets and directly associated liabilities

(a) Non-financial physical assets including disposal group assets classified as held for sale

($ thousand)

2016 2015

Current assets

Land held for sale 41,455 16,819

Plant, equipment and other assets held for sale - 186

Leased motor vehicles held for sale 277 41

Total 41,732 17,046

(b) Liabilities directly associated with assets classified as held for sale including disposal groups

($ thousand)

2016 2015

Current liabilities

Finance lease liabilities – motor vehicles 201 33

Total 201 33

(c) Fair value measurement of non-financial physical assets held for sale(1)



Carrying amount as at

Carrying amount as at Level 1 Level 2 Level 3

30 June 2016 30 June 2015 2016 2015 2016 2015 2016 2015

Current assets

Land held for sale 41,455 16,819 - - - - 41,455 16,819

Plant, equipment and other assets held for sale - 186 - - - - - 186

Leased motor vehicles held for sale 277 41 - - - - 277 41

Total 41,732 17,046 - - - - 41,732 17,046

1 Classified in accordance with the fair value hierarchy, refer Note 1(M).


(c) Fair value measurement of non-financial physical assets held for sale(1)



Carrying amount as at

Carrying amount as at Level 1 Level 2 Level 3

30 June 2016 30 June 2015 2016 2015 2016 2015 2016 2015

Current assets

Land held for sale 41,455 16,819 - - - - 41,455 16,819

Plant, equipment and other assets held for sale - 186 - - - - - 186

Leased motor vehicles held for sale 277 41 - - - - 277 41

Total 41,732 17,046 - - - - 41,732 17,046

1 Classified in accordance with the fair value hierarchy, refer Note 1(M).



Note 14. Inventories($ thousand)

Note 2016 (i) 2015

Current inventories

Consumables and farm produce 1(L) 203 412

Total inventories 203 412

(i) Balance refers to consumable stores relating to the agriculture division.

Note 15. Payables ($ thousand)

Note 2016 (i) 2015

Current payables

Contractual

Amounts payable to other government agencies (i) 22 899,609 846,458

Other payables (ii) 22 319,249 182,142

1,218,858 1,028,600

Statutory

Other payables 3,916 8,622

Total current payables 1,222,774 1,037,222

Non-current payables

Contractual

Other payables 22 1,080 52,983

Total non-current payables 1,080 52,983

Total payables 1,223,854 1,090,205

(i) Terms and conditions of amounts payable to other government agencies vary according to a particular agreement with that agency.

(ii) The average credit period is 30 days. Interest is not charged on late payments.

Maturity analysis of contractual payables Refer to Note 22 for the ageing analysis of contractual payables.

Nature and extent of risk arising from contractual payables Refer to Note 22 for the nature and extent of risks arising from contractual payables.


Note 16. Borrowings ($ thousand)

Note 2016 (i) 2015

Current borrowings

Finance lease liabilities (i) 19 8,878 10,368

Advances from government (ii) 71,897 20,585

Derivative financial instrument(iii) 564 -

Total current borrowings 81,339 30,953

Non-current borrowings

Finance lease liabilities (i) 19 310,367 252,401

Total non-current borrowings 310,367 252,401

Total borrowings 22 391,706 283,354

(i) Secured by the leased assets predominately commissioned PPS (refer Note 19).

(ii) Advances from government are unsecured loans which bear no interest. The terms of the loans are generally agreed by the minister at the time the advance is provided.

(iii) Movement in foreign exchange rate from December 2015 to June 2016; payable to Treasury Corporation of Victoria (TCV).

Maturity analysis of interest borrowings Refer to Note 22 for the ageing analysis of borrowings.

Nature and extent of risk arising from borrowings Refer to Note 22 for the nature and extent of risks arising from borrowings.

Defaults and breaches During the current and prior year, there were no defaults and breaches of loans.



Note 17. Provisions

(A) Employee provisions($ thousand)

2016 2015

Current provisions

Employee benefits (i)

Annual leave

- Unconditional and expected to wholly settle within 12 months(ii) 17,541 26,451

- Unconditional and expected to wholly settle after 12 months(iii) 11,641 4,010

Long service leave

- Unconditional and expected to wholly settle within 12 months(ii) 2,856 25,102

- Unconditional and expected to wholly settle after 12 months(iii) 52,352 32,511

84,390 88,074

Provisions related to employee benefit on-costs

– Unconditional and expected to wholly settle within 12 months(ii) 6,260 8,524

– Unconditional and expected to wholly settle after 12 months(iii) 11,211 6,554

Other employee provisions 2,412 1,551

19,883 16,629

Total current provisions 104,273 104,703

Non-current provisions

Employee benefits (i) 14,583 8,033

Provisions related to employee benefit on-costs 2,404 804

Total non-current provisions 16,987 8,837

Total provisions 121,260 113,540

Employee benefits and related on-costs

Current employee benefits

Annual leave entitlements 29,182 30,461

Unconditional long service leave entitlements 55,208 57,613

Performance incentive schemes 2,412 1,551

Non-current employee benefits

Conditional long service leave entitlements 14,583 8,033

Total employee benefits 101,385 97,658

Non-current provisions

Current on-costs 17,471 15,078

Non-current on-costs 2,404 804

Total on-costs 19,875 15,882

Total employee benefits and related on-costs 121,260 113,540

(i) Provisions for employee benefits consist of amounts for annual leave and long service leave accrued by employees, not including on-costs.

(ii) Nominal amounts are disclosed.

(iii) The amounts disclosed are discounted to present value.


(B) Other provisions($ thousand)

2016 2015

Land acquisition 31,588 58,113

Other 342 502

Total other provisions 31,930 58,615

Total provisions 153,190 172,155

(C) Movement in other provisions($ thousand)

Land acquisition Other Total

2016 2016 2016

Opening balance 58,113 502 58,615

Acquisition of land and buildings (26,525) - (26,525)

Reduction in other provisions - (160) (160)

Closing balance 31,588 342 31,930

Current 31,588 342 31,930

Non-current - - -


2015 2015 2015

Opening balance - - -

Additions due to machinery-of-government changes 58,113 502 58,615


Current 58,113 502 58,615

Non-current - - -




Note 18. Superannuation Employees of DEDJTR are entitled to receive superannuation benefits and DEDJTR contributes to both defined benefit and defined contribution plans. The defined benefit plans provide benefits based on years of service and final average salary.

DEDJTR does not recognise any defined benefit liability in respect of the plans because the entity has no legal or constructive obligation to pay future benefits relating to its employees; its only obligation is to pay superannuation contributions as they fall due. DTF recognises and discloses the state’s defined benefit liabilities in its financial statements.

However, superannuation contributions paid or payable for the reporting period are included as part of employee benefits in the comprehensive operating statement of DEDJTR.

The name, details and amounts expensed in relation to the major employee superannuation funds and contributions made by DEDJTR are:

($ thousand)

Paid contribution for the year

Contributions outstanding at year end(ii)

2016 2015 2016 2015

Fund

Defined benefit plans(i) (ii)

State Superannuation Fund – revised and new

4,322 4,499 - -

Defined contribution plans

VicSuper 17,608 13,904 - -

Other 7,757 5,049 - -

Total 29,687 23,452 - -

(i) The basis for determining the level of contributions is determined by the various actuaries of the defined benefit superannuation plans.

(ii) The above amounts were measured as at 30 June of each year, or in the case of employer contributions they relate to the years ended 30 June.


Note 19. LeasesLeasing arrangements – Finance leases

Commissioned public private partnerships (PPPs)Royal Melbourne Showgrounds

The state, represented by the former Department of Primary Industries has entered into a joint operation agreement with the Royal Agricultural Society of Victoria Limited (RASV) to redevelop the Royal Melbourne Showgrounds. The agreement came into effect on 30 June 2005. Two joint operation structures were established, an unincorporated joint operation to carry out and deliver the joint operation project, and an incorporated joint operation entity, Showgrounds Nominees Pty Ltd to hold the assets of the joint operation and to enter into agreements on behalf of the state and RASV.

In June 2006, Showgrounds Nominees Pty Ltd entered into a Development and Operations Agreement (on behalf of the state and RASV) with the Concessionaire, PPP Solutions (Showgrounds) Nominee Pty Ltd to design, construct, finance and maintain the new facilities at the showgrounds. The project operation term is 25 years from the date of commercial acceptance of completed works, which occurred in August 2006. The showgrounds buildings will revert to the joint operation on the conclusion of the lease arrangement.

The payments that relate to the redevelopment of the showgrounds are accounted for as a finance lease as disclosed in the table below. In addition, the department also pays operating and maintenance costs.


In April 2008, the state, represented by the former Department of Primary Industries entered into a joint operation agreement with La Trobe University (La Trobe) to establish a world class research facility known as AgriBio, Centre for AgriBioscience.

On 30 April 2009, Biosciences Research Centre Pty Ltd entered into a Project Agreement (on behalf of the state and La Trobe) with Plenary Research Pty Ltd (the Concessionaire) to design, construct, finance and maintain a facility over the project’s operating term. The project’s operating term is 25 years from the date of commercial acceptance, which occurred on 18 July 2012.

The service fee payments that relate to the project facility are accounted for as a finance lease as disclosed in the following table. In addition, the department also pays operating and maintenance costs.

Commissioned PPPs related finance lease liabilities payable

($ thousand)

Minimum future lease payments(i)

Present value of minimum future lease payments

2016 2015 2016 2015


Not longer than one year 5,724 5,724 1,347 1,213

Longer than one year but no later than five years

22,897 22,897 6,927 6,241

Longer than five years 58,028 63,752 36,320 38,276


Not longer than one year 23,033 19,423 367 1,761

Longer than one year but no later than five years

98,039 80,721 8,440 12,380


679,749 546,296 303,081 246,542



Note 19. (continued)Leasing arrangements - finance leases (continued)Finance leases entered into by DEDJTR include Royal Melbourne Showgrounds, Biosciences Research Centre and motor vehicles.

($ thousand)

Minimum future lease payments(i)

Present value of minimum future lease payments

Note 2016 2015 2016 2015

Finance lease liabilities payable (including PPPs)


Longer than one year and not longer than five years

130,435 112,539 24,341 27,453


Minimum lease payments(i) 696,662 561,703 319,245 262,769

Less future finance charges (377,417) (298,934) - -

Present value of minimum lease payments

319,245 262,769 319,245 262,769

Included in the financial statements as:

Current borrowings 16 - - 8,878 10,368

Non-current borrowings 16 - - 310,367 252,401

Total interest bearing liabilities - - 319,245 262,769

(i) Minimum future lease payments include the aggregate of all lease payments and any guaranteed residual, including 100 per cent of the joint venture (Biosciences Research Centre) finance lease liability, as La Trobe University extinguished its financial obligation during 2015-16.

Lessee – Operating leasesLeasing arrangements

Operating leases mainly relate to accommodation with lease terms of between two and 20 years. All operating lease contracts contain market review clauses in the event the department exercises its option to renew. The department does not have an option to purchase the leased asset at the expiry of the lease period.

($ thousand)

2016 2015

Non-cancellable operating leases

Not longer than one year 36,160 35,739

Longer than one year but not longer than five years 111,786 127,350

Longer than five years 30,055 63,463

Non-cancellable operating leases (inclusive of GST) 178,001 226,552

less GST recoverable from the ATO(i) (16,182) (20,144)

Non-cancellable operating leases (exclusive of GST) 161,819 206,408

(i) GST is not applicable to leases relating to overseas offices, which are included in this note.


Note 20. Commitments for expenditureThe following commitments have not been recognised as liabilities in the financial statements.

Controlled commitments are payable as follows:

(A) Commitments other than public private partnerships (PPPs)Finance lease liabilities and non-cancellable operating lease commitments are disclosed in Note 19 to the financial statements.

Capital expenditure commitments

($ thousand)

2016 2015

Capital expenditure commitments include contracts for capital projects relating to infrastructure:

Not longer than one year 1,916,101 55,810

Longer than one year but not longer than five years 1,599,366 51,543

Longer than five years 46,311 22

Capital expenditure commitments (inclusive of GST) 3,561,778 107,375

less GST recoverable from the ATO (323,798) (9,761)

Capital expenditure commitments (exclusive of GST) 3,237,980 97,614

Other operating commitments

($ thousand)

2016 2015

Commitments under outsourcing contracts for information technology and internal audit services at the reporting date but not recognised as liabilities, and other agriculture commitments for operating maintenance and life cycle costs are payable:


Longer than one year but not longer than five years 19,247 9,206

Longer than five years 637 -

Other operating commitments (inclusive of GST) 44,411 17,634


Other operating commitments (exclusive of GST) 40,374 16,031

Grant commitments

($ thousand)

2016 2015

Commitments for the payment of grants under long-term contracts in existence at the reporting date but not recognised as liabilities and are payable:


Long than one year but not longer than five years 227,706 303,497

Longer than five years 20,519 14,003

Grant commitments (inclusive of GST) 580,175 639,191


Grant commitments (exclusive of GST) 527,432 581,083



Note 20. (continued)

(A) Commitments other than PPPs (continued)

Major Projects Victoria

($ thousand)

2016 2015

Commitments for payments under contract in relation to projects in existence at the reporting date but not recognised as liabilities and are payable:


Long than one year but not longer than five years 156,444 5,994

Longer than five years - 1,597

Major Projects Victoria (inclusive of GST) 277,953 75,897


Major Projects Victoria (exclusive of GST) 252,685 68,997

(B) Public private partnerships (PPPs) commitments

Commissioned PPPs – other operating commitments (i)

($ thousand)

Nominal value Net present value

2016 2015 2016 2015

Royal Melbourne Showgrounds (ii) 19,709 20,649 11,613 11,703

Biosciences Research Centre (iii) (iv) 298,254 310,518 120,674 123,562

Total 317,963 331,167 132,287 135,265

less GST recoverable from the ATO (28,906) (30,106) (12,026) (12,297)

Operating expenditure commitments (exclusive of GST)

289,057 301,061 120,261 122,968

(i) Other commitments relate to operating maintenance and life cycle costs.

(ii) The figures represent 50 per cent of the total commitment under the terms of the joint arrangement with Royal Melbourne Showgrounds.

(iii) The figures represent 100 per cent of the operating commitment, and 25 per cent of the general operating costs recouped from La Trobe University.

(iv) Other operating commitments for the Biosciences Research Centre exclude pass through costs related to utilities, waste management and insurance on the basis that they are variable in nature and cannot be reliably estimated.

Commissioned PPPs – commitments aging

($ thousand)

2016 2015

Public private partnership commitments

Not later than one year 8,683 9,334

Later than one year but no later than five years 45,676 38,012

Later than five years 263,604 283,821

Total public private partnership commitments 317,963 331,167


Operating expenditure commitments (exclusive of GST) 289,057 301,061


Note 21. Contingent assets and liabilitiesContingent liabilities

($ thousand)

2016 2015

Legal disputes 656 350

Personal injury 480 430

Financial guarantee 307 307

Mining rehabilitation - 152

Total 1,443 1,239

Non-quantifiable contingent liabilities voluntary purchase scheme

The state has introduced a voluntary purchase scheme for residential properties directly impacted by the Caulfield-Dandenong level crossing removal project. The scheme commenced on 29 March 2016. The Level Crossing Removal Authority is anticipating future claims by property owners for either outright purchase and associated costs or costs related to landscaping if property owners choose to stay. Due to the uncertainty of the take-up of the offer, it is not feasible to quantify the value of the liability at this stage.

Compulsory property acquisition

The state has compulsorily acquired a number of properties (residential and commercial) through the Land Acquisition and Compensation Act 1986 to facilitate delivery of various transport projects. Possible future claims for compensation arising from the compulsory acquisition of these properties cannot be quantified at this stage.

Public acquisition overlays for the future development of rail and road infrastructure

Public acquisition overlays are in place in order to reserve certain areas of land for future development of rail and road infrastructure. Under section 98 of the Planning and Environment Act 1987, the state has a legislative responsibility to compensate eligible land and property owners who face either:

• loss on sale – an eligible landowner is entitled to compensation for the incremental loss on sale when a property affected by a public acquisition overlay is sold for less than its market value, or

• financial loss – the entitlement to financial loss compensation is triggered when a development permit is refused because the property is required for a public purpose.

Compensation and purchase claims occur as a result of claims by land owners. The future liability depends on factors including the number of claims received and the prevailing value of land at the time the claim is made, which cannot be reliably quantified.



Note 21. (continued)Non-quantifiable contingent liabilities – joint arrangements


Under the State Support Deed – Core Land, the state has undertaken to ensure the performance of the payment obligations in favour of the Concessionaire and the performance of the joint operation financial obligations in favour of the security trustee.

Under the state’s commitment to Royal Agricultural Society of Victoria (RASV), the state has agreed to support certain obligations of RASV that may arise out of the Joint Operation Agreement. In accordance with the terms set out in the state commitment to RASV, the state will pay (in the form of a loan), the amount requested by RASV. If any outstanding loan amount remains unpaid at the date which is 25 years after the commencement of the operation term under the Development and Operation Agreement, RASV will be obliged to satisfy and discharge each such outstanding loan amount. This may take the form of a transfer to the state, of the whole of the RASV participating interest in the joint operation.

The state has also entered into an agreement through the State Support Deed – Non-Core Land with Showgrounds Retail Developments Pty Ltd and the RASV whereby the state agrees to support certain payment obligations of RASV that may arise under the Non-Core Development Agreement.


The service fee payment obligations of Biosciences Research Centre Pty Ltd (on behalf of the joint operation participants) are supported by the State of Victoria via a State Support Deed. Under this deed, the state ensures that the joint operation participants have (severally) the financial capacity to meet their payment obligations to the company, thereby enabling the company to meet its obligations to pay the service fee to the Concessionaire pursuant to the Project Agreement. The state underwrites the risk of any default by the Biosciences Research Centre Pty Ltd.

Note 22. Financial instruments

(A) Financial risk management objectives and policies

DEDJTR’s activities expose it primarily to the financial risk of changes in interest rates. DEDJTR does not enter into derivative financial instruments to manage its exposure to interest rate.

DEDJTR does not enter into or trade financial instruments, including derivative financial instruments, for speculative purposes.

DEDJTR’s principal financial instruments comprise:

• cash assets

• term deposits

• receivables (excluding statutory receivables)

• payables (excluding statutory payables)

• borrowings

• finance lease liabilities payable.

Details of the significant accounting policies and methods adopted, including the criteria for recognition, the basis of measurement, and the basis on which income and expenses are recognised, with respect to each class of financial asset, financial liability and equity instrument above are disclosed in Note 1 to the financial statements.

The main purpose in holding financial instruments is to prudentially manage DEDJTR’s financial risks within the government policy parameters.

DEDJTR uses different methods to measure and manage the different risks to which it is exposed.

The carrying amounts of DEDJTR’s contractual financial assets and financial liabilities by category are disclosed in Table 22.1.

In December 2015, DEDJTR entered into a foreign exchange contract to hedge exposures to USD payments to a third party, for the hosting of an international event in Melbourne.


Table 22.1: Categorisation of financial instruments

($ thousand)

Contractual financial assets

- loans and receivables

Contractual financial

liabilities at amortised cost Total

2016


Cash and deposits 1,608,690 - 1,608,690

Receivables (i) 117,206 - 117,206

Investments 71 - 71

Total contractual financial assets 1,725,967 - 1,725,967

Contractual financial liabilities

Payables (i)

Supplies and services - 1,219,938 1,219,938

Borrowings - 319,245 319,245

Total contractual financial liabilities - 1,539,183 1,539,183

2015


Cash and deposits 1,485,724 - 1,485,724

Receivables (i) 83,228 - 83,228

Investments 94 - 94

Total 1,569,046 - 1,569,046


Payables (i)

Supplies and services - 1,081,583 1,081,583

Borrowings - 283,354 283,354

Total contractual financial liabilities - 1,364,937 1,364,937

(i) Receivables and payables disclosed above exclude statutory receivables (i.e. GST recoverable) and statutory payables (i.e. taxes payable).



Note 22. (continued)Table 22.2: Net holding gain/(loss) on financial instruments by category

($ thousand)

Net holding gain/(loss)

Total interest income/(expense) Total

2016


Financial assets designated at fair value - 6,345 6,345

Total contractual financial assets - 6,345 6,345


Financial liabilities at amortised cost - (21,460) (21,460)

Total contractual financial liabilities - (21,460) (21,460)

2015


Financial assets designated at fair value - 6,179 6,179

Total contractual financial assets - 6,179 6,179


Financial liabilities at amortised cost - (12,043) (12,043)

Total contractual financial liabilities - (12,043) (12,043)

The net holding gains or losses disclosed above are determined as follows:

• For cash and cash equivalents, loans or receivables, and available-for-sale financial assets, the net gain or loss is calculated by taking the movement in the fair value of the asset, the interest income, plus or minus foreign exchange gains or losses arising from revaluation of the financial assets, and minus any impairment recognised in the net result.

• For financial liabilities measured at amortised cost, the net gain or loss is calculated by taking the interest expense, and plus or minus foreign exchange gains or losses arising from the revaluation of financial liabilities measured at amortised cost.


(B) Credit riskCredit risk arises from the contractual financial assets of DEDJTR, which comprise cash and deposits, non-statutory receivables and available-for-sale contractual financial assets. DEDJTR’s exposure to credit risk arises from the potential default of the counter party on their contractual obligations resulting in financial loss to DEDJTR. Credit risk is measured at fair value and is monitored on a regular basis.

Credit risk associated with DEDJTR’s financial assets is minimal because its main debtor is the Victorian Government. For debtors other than government, it is DEDJTR’s policy to obtain sufficient collateral or credit enhancements where appropriate.

DEDJTR mainly holds financial assets that are on fixed interest except for cash assets which are mainly cash at bank. As with the policy for debtors, DEDJTR’s policy is to only deal with domestic banks with high credit ratings.

Provision for impairment for contractual financial assets is recognised when there is objective evidence that DEDJTR will not be able to collect a receivable. Objective evidence includes financial difficulties of the debtor, default payments, debts which are more than 60 days overdue, and changes in debtor credit ratings.

Except as otherwise detailed in the following table, the carrying amount of financial assets recorded in the financial statements, net of any allowances for losses, represents DEDJTR’s maximum exposure to credit risk without taking account of the value of any collateral obtained.

Table 22.3: Credit quality of contractual financial assets that are neither past due nor impaired.

($ thousand)

Government agencies (AAA credit rating)

Other (minimum BBB credit rating)

Internally rated bank deposits Other Total

2016

Cash and deposits 1,539,533 65,883 3,274 - 1,608,690

Receivables(i) 91,183 - - 26,023 117,206

Investments-equities - - - 71 71

Total contractual financial assets

1,630,716 65,883 3,274 26,094 1,725,967

2015

Cash and deposits 1,421,626 61,996 2,102 - 1,485,724

Receivables(i) 39,611 - - 43,617 83,228

Investments-equities - - - 94 94

Total contractual financial assets

1,461,237 61,996 2,102 43,711 1,569,046

(i) The carrying amounts disclosed exclude statutory receivables (e.g. amounts owing from the State of Victoria and GST recoverable)

Contractual financial assets that are either past due or impaired

There are no material financial assets which are individually determined to be impaired. Currently DEDJTR does not hold any collateral as security nor credit enhancements relating to any of its financial assets.

There are no financial assets that have had their terms renegotiated so as to prevent them from being past due or impaired, and they are stated at the carrying amounts as indicated.

Table 22.4 discloses the ageing of financial assets that are past due but not impaired.




(C) Liquidity risk Liquidity risk is the risk that DEDJTR would be unable to meet its financial obligations as and when they fall due. DEDJTR operates under the government fair payments policy of settling financial obligations within 30 days and in the event of a dispute, making payments within 30 days from the date of resolution.

DEDJTR’s maximum exposure to liquidity risk is the carrying amounts of financial liabilities as disclosed in the balance sheet. DEDJTR manages its liquidity risk by:

• maintaining an adequate level of uncommitted funds that can be drawn at short notice to meet its short term obligations

• holding investments and other contractual financial assets that are readily tradeable in the financial markets

• careful maturity planning of its financial obligations based on forecasts of future cash flows

• a high credit rating for the State of Victoria (Moody’s Investor Services & Standard & Poor’s triple-A), which assists in accessing debt market at a lower interest rate.

DEDJTR’s exposure to liquidity risk is deemed insignificant based on prior period’s data and current assessment of risk. Maximum exposure to liquidity risk is the carrying amounts of financial liabilities as disclosed in the balance sheet.

Table 22.5 discloses the contractual maturity analysis for DEDJTR’s contractual financial liabilities.

(D) Market riskDEDJTR’s exposures to market risk are primarily through interest rate risk with only insignificant exposure to foreign currency and other price risks. Objectives, policies and processes used to manage each of these risks are:

Foreign currency risk

DEDJTR is exposed to minimal foreign currency risk through its payables relating to purchases of supplies and consumables from overseas. This is because of a limited amount of purchases denominated in foreign currencies and a short timeframe between commitment and settlement.

DEDJTR manages its risk through continuous monitoring of movements in exchange rates and ensures availability of funds through rigorous cash flow planning and monitoring. In December 2015, DEDJTR entered into hedging arrangements with TCV to manage its risk.

Interest rate risk

Exposure to interest rate risk is insignificant and might arise primarily through DEDJTR’s interest bearing liabilities and assets.

The only interest bearing liabilities and assets are the finance lease liabilities and term deposits. DEDJTR’s interest bearing assets are managed by Treasury Corporation Victoria and any movement in interest rates are monitored on a daily basis.

The carrying amounts of financial assets and financial liabilities that are exposed to interest rates are set out in Table 22.6. In addition, DEDJTR’s sensitivity to interest rate risk is set out in Table 22.7.


Sensitivity analysis disclosure

DEDJTR’s sensitivity to market risk is determined based on the observed range of actual historical data for the preceding five year period, with all variables other than the primary risk variable held constant. DEDJTR’s fund managers cannot be expected to predict movements in market rates and prices; sensitivity analyses are shown for illustrative purposes only. The following movements are “reasonably possible” over the next 12 months:

A shift of +100 basis points (1%) per cent and – 100 basis points (1%) per cent in market interest rates (AUD) from year-end rates.

Table 22.7 discloses the impact on DEDJTR’s net result and equity for each category of financial instrument held by DEDJTR at the end of the reporting period as presented to key management personnel if the above movements were to occur.

Table 22.4: Ageing analysis of contractual financial assets

($ thousand)

Carrying amountNot past due and

not impairedLess than

1 month 1-3 months 3-12 months 1-5 years

2016

Cash and deposits 1,608,690 1,608,690 - - - -

Receivables (i) 117,206 103,928 5,354 1,483 1,335 5,106

Investments 71 71 - - - -

Total 1,725,967 1,712,689 5,354 1,483 1,335 5,106

2015

Cash and deposits 1,485,724 1,485,724 - - - -

Receivables (i) 82,228 52,191 1,668 2,712 574 26,083

Investments 94 94 - - - -

Total 1,569,046 1,538,009 1,668 2,712 574 26,083

(i) The carrying amounts disclosed here exclude statutory receivables (e.g. amounts owing from Victorian Government and GST input tax credit recoverable).

Table 22.5: Maturity analysis of contractual financial liabilities(ii)

($ thousand)

Carrying amount Nominal amountLess than

1 month 1-3 months 3-12 months 1-5 years

2016

Payables (i) 1,219,938 1,219,938 1,213,738 5 4,791 1,404

Borrowings 319,245 696,662 2,997 5,993 27,181 660,491

Total 1,539,183 1,916,600 1,216,735 5,998 31,972 661,895

2015

Payables (i) 1,081,583 1,081,583 1,081,583 - - -

Borrowings 283,354 582,288 28,246 6,947 18,531 528,564

Total 1,364,937 1,663,871 1,109,829 6,947 18,531 528,564

(i) The carrying amounts disclosed exclude statutory payables (e.g. GST payables).

(ii) Maturity analysis is presented using the contractual and discounted cash flow.



Note 22. (continued)Table 22.6: Interest rate exposure of financial instruments

($ thousand)

Interest rate exposure

Weighted average interest rate

Carrying amount

Fixed interest rate

Variable interest rate

Non-interest bearing

2016

Financial assets

Cash and deposits 1.66% 1,608,690 16,007 285,826 1,306,857

Receivables (i) 117,206 - - 117,206

Investments 71 - - 71

Total financial assets 1,725,967 16,007 285,826 1,424,134

Financial liabilities

Payables 1,219,938 - - 1,219,938

Borrowings 8.57% 319,245 303,081 16,164 -

Total financial liabilities 1,539,183 303,081 16,164 1,219,938

2015

Financial assets

Cash and deposits 2.25% 1,485,724 15,720 275,515 1,194,489

Receivables (i) 83,228 - - 83,228

Investments 94 - - 94

Total financial assets 1,569,046 15,720 275,515 1,277,811

Financial liabilities

Payables 1,081,583 - - 1,081,583

Borrowings 7.47% 283,354 283,354 - -

Total financial liabilities 1,364,937 283,354 - 1,081,583

(i) The carrying amounts disclosed exclude statutory receivables and payables (e.g. amounts owing from Victorian Government, GST recoverable and GST payable).


Table 22.7: Interest rate risk sensitivity

($ thousand)

Interest rate

-100 basis points +100 basis points

Carrying amount Net Result

Available-for-sale revaluation

surplus Net result

Available-for-sale revaluation

surplus

2016


Cash and deposits 1,608,690 (2,858) - 2,858 -

Receivables 117,206 - - - -

Investments 71 - - - -

Total impact (2,858) - 2,858 -


Payables 1,219,938 - - - -

Borrowings 319,245 162 - (162) -

Total impact 162 - (162) -

2015


Cash and deposits 1,485,724 (2,755) - 2,755 -

Receivables 83,228 - - - -

Investments 94 - - - -

Total impact (2,755) - 2,755 -


Payables 1,081,583 - - - -

Borrowings 283,354 - - - -

Total impact - - - -

(E) Fair valueThe fair values and net fair values of financial instrument assets and liabilities are determined as follows:

• Level 1 – the fair value of financial instruments with standard terms and conditions and traded in active liquid markets are determined with reference to quoted market prices

• Level 2 – the fair value is determined using inputs other than quoted prices that are observable for the financial asset or liability, either directly or indirectly

• Level 3 – the fair value is determined in accordance with generally accepted pricing models based on discounted cash flow analysis using unobservable market inputs.

DEDJTR considers that the carrying amount of financial instrument assets and liabilities recorded in the financial statements to be a fair approximation of their fair values, because of the short-term nature of the financial instruments and the expectation that

they will be paid in full.



Note 22. (continued)Table 22.8: Comparison between carrying amount and fair value

($ thousand)

Carrying amount Fair Value

Carrying amount Fair Value

2016 2016 2015 2015


Cash and deposits 1,608,690 1,608,690 1,485,724 1,485,724

Receivables (i) 117,206 117,206 83,228 83,228

Investments 71 71 94 94

Total contractual financial assets 1,725,967 1,725,967 1,569,046 1,569,046


Payables (i)

- Supplies and services 1,219,938 1,219,938 1,081,583 1,081,583

Borrowings 319,245 319,245 283,354 283,354

Total contractual financial liabilities 1,539,183 1,539,183 1,364,937 1,364,937

(i) The carrying amounts exclude statutory amounts (e.g. amounts owing from government, GST input tax credit recoverable, and GST payable.

Table 22.9: Financial assets measured at fair value (ii)

($ thousand)

Carrying amount


Level 1 (i) Level 2(i) Level 3

2016

Financial assets at fair value

Cash and deposits 1,608,690 1,608,690 - -

Receivables 117,206 117,206 - -

Investments 71 71 - -

Total 1,725,967 1,725,967 - -

2015

Financial assets at fair value

Cash and deposits 1,485,724 1,485,724 - -

Receivables 83,228 83,228 - -

Investments 94 94 - -

Total 1,569,046 1,569,046 - -

(i) There is no difference between Level 1 and Level 2.

(ii) The fair value hierarchies are disclosed by class of financial instrument.

There have been no transfers between levels during the period.

The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.


Note 23. Cash flow information

(A) Reconciliation of cash and cash equivalentsFor the purpose of the cash flow statement, cash includes cash-on-hand and in bank (including funds held in trust), net of outstanding bank overdrafts. Cash at the end of the financial year as shown in the cash flow statement is reconciled to the related items in the balance sheet as follows:

($ thousand)

Note 2016 2015

Cash and short term deposits(i) 69,157 61,114

Funds held in trust (some trusts also have short term deposits

28 1,539,533 1,424,610

Balance as per cash flow statement 1,608,690 1,485,724

(i) Due to the State of Victoria’s investment policy and government funding arrangements, the department does not hold a large cash reserve in it bank accounts. Cash received by the department from the generation of income is generally paid into the state’s bank account, known as the Public Account. Similarly, any departmental expenditure, including those in the form of cheques drawn by the department for the payment of goods and services to its suppliers and creditors are made via the Public Account. The process is such that, the Public Account would remit to the department the cash required for the amount drawn on the cheques. This remittance by the Public Account occurs upon the presentation of the cheques by the department’s suppliers or creditors. The above funding arrangements often result in the department having a notional shortfall in the cash at bank required for payment of un-presented cheques at the reporting period.

At 30 June 2016, cash at bank included the amount of a notional shortfall for the payment of un-presented cheques of $116,253 (2015: $984,125).

(B) Reconciliation of net result for the period

($ thousand)

2016 2015

Net result for the period 71,528 149,401

Non-cash movements

Loss on sale of disposal of non-current assets 9,330 42,433

Depreciation & amortisation of non-financial assets and intangible assets 46,071 29,592

Revaluation of biological assets (575) -

Impairment of non-current assets 24 -

Revaluation of forward FX contract 564 -

Resources provided free of charge or for nominal consideration (3,585) 1,597

Resources received free of charge or for nominal consideration 1,757 (1,798)

Extinguish joint venture obligations 74,992 -

Revaluation of long service leave liability 262 246

Unwinding of other provision (19,525) -

Movements in assets and liabilities

(Increase)/decrease in receivables (38,632) (283,442)

(Increase)/decrease in inventories 209 -

(Increase)/decrease in prepayments 793 6,708

Increase/(decrease) in payables 130,789 45,339

Increase/(decrease) in provisions 4,696 118,986

Net cash flows from/(used) in operating activities 278,698 109,062



Note 24. Equity

(A) Contributed capital

($ thousand)

Note 2016 2015

Balance at beginning of financial year 2,298,113 780,721

Capital transactions with the state in its capacity as owner arising from:

Capital appropriations 4 2,140,839 958,313

Capital funding to agencies within portfolio (i) (1,457,855) (850,886)

Administrative restructure and other transfers – net assets received

- 1,905,798

Administrative restructure and other transfers – net assets transferred

- (17,274)

Net assets transferred to other government entities (ii) (781,793) (478,559)

Net assets transferred from other government entities 21,118 -

Composite reporting of Linking Melbourne Authority 162,089 -

Balance at end of financial year 2,382,511 2,298,113

(i) Capital funding to agencies within portfolio

($ thousand)

2016 2015

Public Transport Victoria (873,461) (573,346)

VicRoads (246,647) (160,412)

VicTrack (270,609) (88,063)

Linking Melbourne Authority - (10,298)

Port of Hastings - (7,600)

Federation Square (4,109) (3,678)

Melbourne Olympic Park Trust (47,000) (3,390)

Victorian Arts Centre (9,453) (2,300)

State Sport Centres Trust - (1,320)

State Library of Victoria (1,950) (300)

Geelong Performing Arts (100) (100)

Taxi Services Commission (526) (79)

Museum Victoria (4,000) -

Total capital funding to agencies within portfolio (1,457,855) (850,886)


(ii) Net assets transferred to other government entities

($ thousand)

2016 2015

VicTrack (777,453) (37,460)

Taxi Services Commission (3,476) -

Department of Treasury and Finance (864) (19,229)

Melbourne Market Authority - (386,642)

Department of Health and Human Services - (35,000)

Dockland Studios Melbourne - (228)

(781,793) (478,559)

(B) Accumulated surplus/(deficit)($ thousand)

2016 2015

Balance at beginning of financial year 401,501 249,103

Net result for the year 71,528 149,401

Net transfer from physical asset revaluation surplus 4 2,997

Composite reporting of Linking Melbourne Authority (126,999) -

Balance at end of financial year 346,034 401,501

(C) Physical asset revaluation surplus($ thousand)

2016 2015

Physical asset revaluation surplus (i)

Balance at beginning of financial year 5,202 25,650

Revaluation increment/(decrements) 96,618 (17,451)

Transfers to accumulated surplus (4) (2,997)

Balance at end of financial year 101,816 5,202

Net change in reserve 96,614 (20,448)

(i) The physical asset revaluation surplus arises from the revaluation of land, buildings, plant, equipment and cultural assets.



Note 25. Administered (non-controlled) itemsIn addition to the specific departmental operations which are included in the financial statements (comprehensive operating statement, balance sheet, statement of changes in equity and cash flow statement), the department administers or manages other activities and resources on behalf of the state. The transactions relating to these activities are reported as administered items (refer to Note 1(D)).

(A) Administered income and expenses


2016(i) 2016(i)

Note Trade






Major projects


Creative industries

portfolio agencies

Administered income from transactions

Vehicle registration fees - - - - - - - -

Stamp duty on vehicles and vehicle transfers - - - - - - - -

Sale of goods and services - 2,239 - - 304 665 363 -

Driver licence fees - - - - - - - -

Port of Melbourne Corporation licence fee - - - - - - - -

Appropriations – payments made on behalf of the state

- 65,827 - - - - - -

Royalties - - - - 48,832 - - -

Other income 60 144 374 370 5,091 53 457 30

CityLink concession deed income 25(C) - - - - - - - -

Statutory fines - - - - - - - -

Regulatory fees, fines, leases and licences - - - - - - - -

Transfer and permit fees - - - - - - - -

Asset sale proceeds - 4,599 - - - - - -

Interest - 10,393 - - 79 - - -

Commonwealth grants - - - - - - - -

Total administered income from transactions 60 83,202 374 370 54,306 718 820 30


Note 25. Administered (non-controlled) itemsIn addition to the specific departmental operations which are included in the financial statements (comprehensive operating statement, balance sheet, statement of changes in equity and cash flow statement), the department administers or manages other activities and resources on behalf of the state. The transactions relating to these activities are reported as administered items (refer to Note 1(D)).

(A) Administered income and expenses


2016(i) 2016(i)

Note Trade






Major projects


Creative industries

portfolio agencies




Sale of goods and services - 2,239 - - 304 665 363 -




- 65,827 - - - - - -

Royalties - - - - 48,832 - - -

Other income 60 144 374 370 5,091 53 457 30



Regulatory fees, fines, leases and licences - - - - - - - -


Asset sale proceeds - 4,599 - - - - - -

Interest - 10,393 - - 79 - - -


Total administered income from transactions 60 83,202 374 370 54,306 718 820 30




(A) Administered income and expenses (continued)


2016(i) 2016(i)

Note




servicesTrain

servicesTram

servicesBus

services





Vehicle registration fees 1,439,478 - - - - - - -

Stamp duty on vehicles and vehicle transfers 776,968 - - - - - - -

Sale of goods and services 50,890 2,857 - - - - - -

Driver licence fees 133,260 - - - - - - -



- - - - - - - -

Royalties - - - - - - - -

Other income 26,441 15 1,041 113 185 2,710 72 20

CityLink concession deed income 25(C) - - - - - 33,128 - -

Statutory fines - - 25,816 - 4,708 - - -

Regulatory fees, fines, leases and licences - - 1,334 - - - - -

Transfer and permit fees 28,291 - - - - - - -

Asset sale proceeds 4,592 - - - - 5,388 - -

Interest - - - - - - - -


Total administered income from transactions 2,459,920 2,872 28,191 113 4,893 41,226 72 20





2016(i) 2016(i)

Note




servicesTrain

servicesTram

servicesBus

services





Vehicle registration fees 1,439,478 - - - - - - -


Sale of goods and services 50,890 2,857 - - - - - -




- - - - - - - -

Royalties - - - - - - - -

Other income 26,441 15 1,041 113 185 2,710 72 20

CityLink concession deed income 25(C) - - - - - 33,128 - -

Statutory fines - - 25,816 - 4,708 - - -

Regulatory fees, fines, leases and licences - - 1,334 - - - - -


Asset sale proceeds 4,592 - - - - 5,388 - -

Interest - - - - - - - -


Total administered income from transactions 2,459,920 2,872 28,191 113 4,893 41,226 72 20






2016(i) 2016(i)

Note

Port and freight

network access


and innovation






Departmental total


Vehicle registration fees - - - - - - 1,439,478

Stamp duty on vehicles and vehicle transfers - - - - - - 776,968

Sale of goods and services 58 - - 56,947 355 - 114,678

Driver licence fees - - - - - - 133,260

Port of Melbourne Corporation licence fee 80,222 - - - - - 80,222


- - - - - - 65,827

Royalties - - - - - - 48,832

Other income 15 8 - 77,712 2,758 - 117,669

CityLink concession deed income 25(C) - - - - - - 33,128

Statutory fines - - - 2 - - 30,526

Regulatory fees, fines, leases and licences - - - 2,738 25,920 - 29,992

Transfer and permit fees - - - - - - 28,291

Asset sale proceeds - - - - - - 14,579

Interest - - - 2 - - 10,474

Commonwealth grants - - - 162 142 - 304

Total administered income from transactions 80,295 8 - 137,563 29,175 - 2,924,228






2015(i) 2015(i)

Note

Trade and export


technology



Regional development and regional

citiesEnergy and

resources







Sale of goods and services (2) 390 2,090 - 736 656 (5) (2)




- - 61,608 - - - - -

Royalties - - - - - 43,355 - -

Other income - - - - - - - -



Regulatory fees, fines, leases and licences - - - - - 4,272 - -


Asset sale proceeds - - - - - - - -

Interest - - 10,420 - - 86 - -


Total administered income from transactions (2) 390 74,118 - 736 48,369 (5) (2)





2015(i) 2015(i)

Note

Trade and export


technology




citiesEnergy and

resources







Sale of goods and services (2) 390 2,090 - 736 656 (5) (2)




- - 61,608 - - - - -

Royalties - - - - - 43,355 - -

Other income - - - - - - - -



Regulatory fees, fines, leases and licences - - - - - 4,272 - -


Asset sale proceeds - - - - - - - -

Interest - - 10,420 - - 86 - -


Total administered income from transactions (2) 390 74,118 - 736 48,369 (5) (2)






2015(i) 2015(i)

Note


security


services

Transport system



Access, industry





Vehicle registration fees 688,425 - - - - - - -


Sale of goods and services 1,231 1,160 3,243 - - - 36,015 3,316


Port of Melbourne Corporation licence fee 39,183 - - - - - - -


- 191 - - - - - -

Royalties - - - - - - - -

Other income 3,986 211 - - - - 3,013 63

CityLink concession deed income 25(C) - - 15,557 - - - - -

Statutory fines - 15,471 - - - - - -

Regulatory fees, fines, leases and licences 12,392 743 - - - - 54 119


Asset sale proceeds 219 - - - - - 41,609 -

Interest - - - - - - 1 -

Commonwealth grants 200 - - - - - - -

Total administered income from transactions 1,182,959 17,776 18,800 - - - 80,692 3,498





($ thousand)

2015(i)

Note

Sustainably manage fish

and forest resources


Departmental total


Vehicle registration fees - - 688,425

Stamp duty on vehicles and vehicle transfers - - 359,712

Sale of goods and services 440 - 49,268

Driver licence fees - - 64,421

Port of Melbourne Corporation licence fee - - 39,183

Appropriations – payments made on behalf of the state - - 61,799

Royalties - - 43,355

Other income - - 7,273

CityLink concession deed income 25(C) - - 15,557

Statutory fines - - 15,471

Regulatory fees, fines, leases and licences 16,811 - 34,391

Transfer and permit fees - - 13,190

Asset sale proceeds 2 - 41,830

Interest - - 10,507

Commonwealth grants - - 200

Total administered income from transactions 17,253 - 1,444,582




($ thousand)

2015(i)

Note




Departmental total


Vehicle registration fees - - 688,425

Stamp duty on vehicles and vehicle transfers - - 359,712

Sale of goods and services 440 - 49,268

Driver licence fees - - 64,421

Port of Melbourne Corporation licence fee - - 39,183

Appropriations – payments made on behalf of the state - - 61,799

Royalties - - 43,355

Other income - - 7,273

CityLink concession deed income 25(C) - - 15,557

Statutory fines - - 15,471

Regulatory fees, fines, leases and licences 16,811 - 34,391

Transfer and permit fees - - 13,190

Asset sale proceeds 2 - 41,830

Interest - - 10,507

Commonwealth grants - - 200

Total administered income from transactions 17,253 - 1,444,582






2016(i) 2016(i)

Note Trade






Major projects


Creative industries

portfolio agencies


Payments into Consolidated Fund (17) (16,660) (108) (382) (51,940) (15) (1,690) (9)

Interest expense - (40,584) - - - - - -

CityLink concession deed expense 25(C) - - - - - - - -

Other expenses - (22,971) (1) (1) - - (1) -

Assets transferred to local government - - - - - - - -

Total administered expenses from transactions (17) (80,215) (109) (383) (51,940) (15) (1,691) (9)

Total administered net result from transactions 43 2,987 265 (13) 2,366 703 (871) 21

Administered other economic flows included in administered net result

Net gain/(loss) on non-financial assets - - - - - - (26) -


Total administered other economic flows - - - - - - (26) -

Total administered comprehensive result 43 2,987 265 (13) 2,366 703 (897) 21





2016(i) 2016(i)

Note Trade






Major projects


Creative industries

portfolio agencies


Payments into Consolidated Fund (17) (16,660) (108) (382) (51,940) (15) (1,690) (9)

Interest expense - (40,584) - - - - - -


Other expenses - (22,971) (1) (1) - - (1) -


Total administered expenses from transactions (17) (80,215) (109) (383) (51,940) (15) (1,691) (9)

Total administered net result from transactions 43 2,987 265 (13) 2,366 703 (871) 21


Net gain/(loss) on non-financial assets - - - - - - (26) -


Total administered other economic flows - - - - - - (26) -

Total administered comprehensive result 43 2,987 265 (13) 2,366 703 (897) 21






2016(i) 2016(i)

Note




servicesTrain

servicesTram

servicesBus

services





Payments into Consolidated Fund (2,437,791) (2,862) (58,310) (33) (4,154) (36,302) (21) (17)

Interest expense - - - - - - - -

CityLink concession deed expense 25(C) - - - - - (32,213) - -

Other expenses (50) - - - - - - -

Assets transferred to local government - - - - - (469) - -

Total administered expenses from transactions (2,437,841) (2,862) (58,310) (33) (4,154) (68,984) (21) (17)

Total administered net result from transactions 22,079 10 (30,119) 80 739 (27,758) 51 3


Net gain/(loss) on non-financial assets (7,195) - (15,065) - - - - -


Total administered other economic flows (7,195) - (15,065) - - - - -

Total administered comprehensive result 14,884 10 (45,184) 80 739 (27,758) 51 3





2016(i) 2016(i)

Note




servicesTrain

servicesTram

servicesBus

services





Payments into Consolidated Fund (2,437,791) (2,862) (58,310) (33) (4,154) (36,302) (21) (17)


CityLink concession deed expense 25(C) - - - - - (32,213) - -

Other expenses (50) - - - - - - -

Assets transferred to local government - - - - - (469) - -

Total administered expenses from transactions (2,437,841) (2,862) (58,310) (33) (4,154) (68,984) (21) (17)

Total administered net result from transactions 22,079 10 (30,119) 80 739 (27,758) 51 3


Net gain/(loss) on non-financial assets (7,195) - (15,065) - - - - -


Total administered other economic flows (7,195) - (15,065) - - - - -

Total administered comprehensive result 14,884 10 (45,184) 80 739 (27,758) 51 3






2016(i) 2016(i)

Note

Port and freight

network access


and innovation






Departmental total


Payments into Consolidated Fund (59,133) (2) - (141,879) (2,741) - (2,814,066)

Interest expense - - - - - - (40,584)

CityLink concession deed expense 25(C) - - - - - - (32,213)

Other expenses - - - (1) - - (23,025)

Assets transferred to local government - - - - - - (469)

Total administered expenses from transactions (59,133) (2) - (141,880) (2,741) - (2,910,357)

Total administered net result from transactions 21,162 6 - (4,317) 26,434 - 13,871


Net gain/(loss) on non-financial assets - - - - - - (22,286)

Net gain/(loss) on financial instruments - - - - - - -

Total administered other economic flows - - - - - - (22,286)

Total administered comprehensive result 21,162 6 - (4,317) 26,434 - (8,415)






2015(i) 2015(i)

Note

Trade and export


technology




citiesEnergy and

resources





Payments into Consolidated Fund - (1,827) (10,518) - (1,689) (50,817) (11,986) -

Interest expense - - (40,652) - - - - -


Other expenses - (1) (20,957) - (1) (1) (1) (1)


Total administered expenses from transactions - (1,828) (72,127) - (1,690) (50,818) (11,987) (1)

Total administered net result from transactions (2) (1,438) 1,991 - (954) (2,449) (11,992) (3)


Net gain/(loss) on non-financial assets - - - - (1,428) - 11,986 -

Net gain/(loss) on financial instruments - (196) - - - - - -

Total administered other economic flows - (196) - - (1,428) - 11,986 -

Total administered comprehensive result (2) (1,634) 1,991 - (2,382) (2,449) (6) (3)






2015(i) 2015(i)

Note


security


services

Transport system



Access, industry





Payments into Consolidated Fund (1,182,538) (9,120) (7,321) - - (4,950) (73,442) (3,895)


CityLink concession deed expense 25(C) - - (14,699) - - - - -

Other expenses (3) - - - - - - -

Assets transferred to local government (5,700) - - - - - - -

Total administered expenses from transactions (1,188,241) (9,120) (22,020) - - (4,950) (73,442) (3,895)

Total administered net result from transactions (5,282) 8,656 (3,220) - - (4,950) 7,250 (397)


Net gain/(loss) on non-financial assets - - (4,900) (1,268) (1,231) 3,719 (12,773) -


Total administered other economic flows - - (4,900) (1,268) (1,231) 3,719 (12,773) -

Total administered comprehensive result (5,282) 8,656 (8,120) (1,268) (1,231) (1,231) (5,523) (397)

($ thousand)

2015(i)

Note




Departmental total


Payments into Consolidated Fund (18,996) - (1,377,099)

Interest expense - - (40,652)

CityLink concession deed expense 25(C) - - (14,699)

Other expenses - - (20,965)

Assets transferred to local government - - (5,700)

Total administered expenses from transactions (18,996) - (1,459,115)

Total administered net result from transactions (1,743) - (14,533)





2015(i) 2015(i)

Note


security


services

Transport system



Access, industry





Payments into Consolidated Fund (1,182,538) (9,120) (7,321) - - (4,950) (73,442) (3,895)


CityLink concession deed expense 25(C) - - (14,699) - - - - -

Other expenses (3) - - - - - - -

Assets transferred to local government (5,700) - - - - - - -

Total administered expenses from transactions (1,188,241) (9,120) (22,020) - - (4,950) (73,442) (3,895)

Total administered net result from transactions (5,282) 8,656 (3,220) - - (4,950) 7,250 (397)


Net gain/(loss) on non-financial assets - - (4,900) (1,268) (1,231) 3,719 (12,773) -


Total administered other economic flows - - (4,900) (1,268) (1,231) 3,719 (12,773) -

Total administered comprehensive result (5,282) 8,656 (8,120) (1,268) (1,231) (1,231) (5,523) (397)

($ thousand)

2015(i)

Note




Departmental total


Payments into Consolidated Fund (18,996) - (1,377,099)

Interest expense - - (40,652)

CityLink concession deed expense 25(C) - - (14,699)

Other expenses - - (20,965)

Assets transferred to local government - - (5,700)

Total administered expenses from transactions (18,996) - (1,459,115)

Total administered net result from transactions (1,743) - (14,533)

($ thousand)

2015(i)

Note




Departmental total


-

Net gain/(loss) on non-financial assets - - (5,895)

Net gain/(loss) on financial instruments - - (196)

Total administered other economic flows - - (6,091)

Total administered comprehensive result (1,743) - (20,624)




(B) Administered assets and liabilities


2016(i) 2016(i)

Note Trade






Major projects


Creative industries

portfolio agencies

Administered financial assets

Cash and receivables - 856 3 3 53,781 - 5,121 -

Trust funds 6 13 34 33 19 5 41 3

Loans - 278,598 - - - - - -

Total administered financial assets 6 279,467 37 36 53,800 5 5,162 3

Administered non-financial assets - - - - - - - -

Total administered non-financial assets - - - - - - - -

Total administered assets 6 279,467 37 36 53,800 5 5,162 3

Administered liabilities

Creditors and accruals 318 (36,422) 1,968 1,948 1,860 278 2,396 158

Unearned income - (66,757) - - - - - -

Deferred CityLink redevelopment income 25(C) - - - - - - - -

Interest bearing liabilities - (452,778) - - - - - -

Total administered liabilities 318 (555,957) 1,968 1,948 1,860 278 2,396 158

Total administered net assets 324 (276,490) 2,005 1,984 55,660 283 7,558 161



(B) Administered assets and liabilities


2016(i) 2016(i)

Note Trade






Major projects


Creative industries

portfolio agencies


Cash and receivables - 856 3 3 53,781 - 5,121 -

Trust funds 6 13 34 33 19 5 41 3

Loans - 278,598 - - - - - -

Total administered financial assets 6 279,467 37 36 53,800 5 5,162 3



Total administered assets 6 279,467 37 36 53,800 5 5,162 3


Creditors and accruals 318 (36,422) 1,968 1,948 1,860 278 2,396 158

Unearned income - (66,757) - - - - - -


Interest bearing liabilities - (452,778) - - - - - -

Total administered liabilities 318 (555,957) 1,968 1,948 1,860 278 2,396 158

Total administered net assets 324 (276,490) 2,005 1,984 55,660 283 7,558 161




(B) Administered assets and liabilities (continued)


2016(i) 2016(i)

Note




servicesTrain

servicesTram

servicesBus

services





Cash and receivables 9,507 - 22,865 1 1 7,357 - -

Trust funds 11,296 1 5,991 10 16 16 6 -

Loans - - - - - - - -

Total administered financial assets 20,803 1 28,856 11 17 7,373 6 -

Administered non-financial assets - - - - - 16,160 - -

Total administered non-financial assets - - - - - 16,160 - -

Total administered assets 20,803 1 28,856 11 17 23,533 6 -


Creditors and accruals (10,973) 80 (2,159) 597 975 646 379 20

Unearned income - - - - - - - -

Deferred CityLink redevelopment income 25(C) - - - - - (394,324) - -

Interest bearing liabilities - - - - - - - -

Total administered liabilities (10,973) 80 (2,159) 597 975 (393,678) 379 20

Total administered net assets 9,830 81 26,697 608 992 (370,145) 385 20





2016(i) 2016(i)

Note




servicesTrain

servicesTram

servicesBus

services





Cash and receivables 9,507 - 22,865 1 1 7,357 - -

Trust funds 11,296 1 5,991 10 16 16 6 -

Loans - - - - - - - -

Total administered financial assets 20,803 1 28,856 11 17 7,373 6 -

Administered non-financial assets - - - - - 16,160 - -

Total administered non-financial assets - - - - - 16,160 - -

Total administered assets 20,803 1 28,856 11 17 23,533 6 -


Creditors and accruals (10,973) 80 (2,159) 597 975 646 379 20

Unearned income - - - - - - - -

Deferred CityLink redevelopment income 25(C) - - - - - (394,324) - -


Total administered liabilities (10,973) 80 (2,159) 597 975 (393,678) 379 20

Total administered net assets 9,830 81 26,697 608 992 (370,145) 385 20






2016(i) 2016(i)

Note

Port and freight

network access


and innovation






Departmental total


Cash and receivables 20,056 - - 8,083 2,170 - 129,804

Trust funds 1 1 - 45 31 - 17,568

Loans - - - - - - 278,598

Total administered financial assets 20,057 1 - 8,128 2,201 - 425,970

Administered non-financial assets - - - - - - 16,160

Total administered non-financial assets - - - - - - 16,160

Total administered assets 20,057 1 - 8,128 2,201 - 442,130


Creditors and accruals - 40 - 2,849 1,669 - (33,373)

Unearned income - - - - - - (66,757)

Deferred CityLink redevelopment income 25(C) - - - - - - (394,324)

Interest bearing liabilities - - - - - - (452,778)

Total administered liabilities - 40 - 2,849 1,669 - (947,232)

Total administered net assets 20,057 41 - 10,977 3,870 - (505,102)






2015(i) 2015(i)

Note

Trade and export


technology




citiesEnergy and

resources





Cash and receivables - 7,088 3,274 - 275 48,655 - -

Trust funds (16) (43) (23) (5) (8) 4,160 (35) (10)

Loans - (798) 279,652 - - - - -

Total administered financial assets (16) 6,247 282,903 (5) 267 52,815 (35) (10)



Total administered assets (16) 6,247 282,903 (5) 267 52,815 (35) (10)


Creditors and accruals - - (16,741) - - (147) - -

Unearned income - - (67,789) - 6 (1,200) - -


Interest bearing liabilities - - (458,341) - - - - -

Total administered liabilities - - (542,871) - 6 (1,347) - -

Total administered net assets (16) 6,247 (259,968) (5) 273 51,468 (35) (10)






2015(i) 2015(i)

Note


security


services

Transport system



Access, industry





Cash and receivables 10,540 23,996 18,957 - - - 9,046 458

Trust funds - 2,845 9,473 - - - 288 81

Loans - - - - - - - -

Total administered financial assets 10,540 26,841 28,430 9,334 539



Total administered assets 10,540 26,841 28,430 - - - 9,334 539


Creditors and accruals (9,530) (1,807) (40) - - - (719) (91)

Unearned income - - (36) - - - (20,048) (34)

Deferred CityLink redevelopment income 25(C) - - (341,155) - - - - -


Total administered liabilities (9,530) (1,807) (341,231) - - - (20,767) (125)

Total administered net assets 1,010 25,034 (312,801) - - - (11,433) 414





($ thousand)

2015(i)

Note




Departmental total


Cash and receivables 365 - 122,654

Trust funds 78 - 16,785

Loans - - 278,854

Total administered financial assets 443 - 418,293

Administered non-financial assets - - -

Total administered non-financial assets - - -

Total administered assets 443 - 418,293


Creditors and accruals (204) - (29,279)

Unearned income - - (89,101)

Deferred CityLink redevelopment income 25(C) - - (341,155)

Interest bearing liabilities - - (458,341)

Total administered liabilities (204) - (917,876)

Total administered net assets 239 - (499,583)



(C) CityLink Concession DeedSummary of Melbourne CityLink Concession Deed income, expenses, assets and liabilities:

($ thousand)

2016 2015

CityLink concession notes income

Concession notes revenue 30,526 15,557

Total CityLink concession notes income 30,526 15,557

CityLink expense

CityLink concession notes deferred revenue revaluation increment (32,213) (14,699)

Total CityLink expense (32,213) (14,699)

Net income (1,687) 858

CityLink liabilities

Present value of deferred CityLink revenue(i) 340,240 341,155

CityLink Tullamarine widening unearned revenue (ii) 54,084 -

Total CityLink liabilities 394,324 341,155

($ thousand)

2016 2015

Cash flows relating to concession notes:

Goods and services tax collected 9,560 4,780

Goods and services tax paid to the ATO (9,560) (4,780)

Net cash flow - -

($ thousand)

2016 2015

Reconciliation of the present value of deferred CityLink revenue:

Present value at the beginning of the period 341,155 342,013

CityLink Tullamarine widening unearned revenue 54,084 -

Concession notes revenue (30,526) (15,557)

Revaluation increment 32,213 14,699

Present value at the end of the period 396,926 341,155

(i) The present value of deferred CityLink revenue is the value of the concession notes revenue due to be received by the Victorian Government in future periods in accordance with the Melbourne CityLink Concession Deed. (Refer also to the next page.)

(ii) Payments received from Transurban for Ramp M works, to be recognised as income in accordance with the Melbourne CityLink Concession Deed.




(D) Administered contingencies

CityLink contingent assetsCityLink compensable enhancement claims

The Melbourne CityLink Concession Deed contains compensable enhancement provisions that enable the state to claim 50 per cent of additional revenue derived by CityLink Melbourne Limited (CML) as a result of certain events that particularly benefit CityLink, including changes to the adjoining road network.

Compensable enhancement claims have previously been lodged in respect of works for improving traffic flows on the West Gate Freeway (between Lorimer and Montague Streets), and in the vicinity of the intersection of Bulla Road and the Tullamarine Freeway. The claims were lodged on 20 May 2005 and 29 September 2006 respectively, and are still outstanding.

Peninsula Link compensable enhancement claim

The EastLink Concession Deed contains compensable enhancement provisions that enable the state to claim 50 per cent of any additional revenue derived by ConnectEast Pty Ltd (ConnectEast) as a result of certain events that particularly benefit EastLink, including changes to the adjoining road network.

On 2 January 2014, the state lodged a compensable enhancement claim arising as a result of the opening of Peninsula Link. The claim remains outstanding.

Melbourne Park unquantified contingent liability

In 2010, the state entered into an agreement with Tennis Australia and the Melbourne and Olympic Park Trust for the Australian Open to remain at Melbourne Park until 2036. The agreement contains a number of conditions including that the government will invest in further improvements to Melbourne Park in three stages or pay a rights fee (if an agreed investment threshold is reached) to retain the Australian Open at Melbourne Park until 2036. The government announced stage 1 of the Melbourne Park redevelopment with a total estimated investment of $366 million in the 2010-11 budget. In January 2014 the government announced a further $338 million total estimated investment to stage 2 of the redevelopment.


(E) Administered commitmentsMelbourne Convention Centre Development Project

Finance lease commitments in relation to the MCC development project for construction of the new facility:

Nominal value ($ thousand)

Net present value(i) ($ thousand)

2016 2015 2016 2015


Longer than one year but not longer than five years 209,744 185,068 157,380 139,689


Total value of expected future commitments 1,061,012 1,030,450 492,812 458,341

(i) The net present value is calculated using a discount rate of 9.44 per cent per annum.

Operating lease commitments in relation to the MCC development project for services, maintenance and refurbishments:

Nominal value ($ thousand)

Net present value(i) ($ thousand)

2016 2015 2016 2015


Longer than one year but not longer than five years 79,508 80,342 62,587 58,254


Total value of expected future commitments 492,891 440,587 247,875 200,673

(i) The net present value is calculated using a discount rate of 8.14 per cent per annum.

In May 2006, the State of Victoria entered into an agreement under its Partnerships Victoria policy for the development and maintenance of the Melbourne Convention and Exhibition Centre (MCEC) facility by a private sector consortium (the lessor).

The lessor was responsible for construction of the new facility convention centre which commenced in June 2006 and commercial acceptance was achieved on 31 March 2009. Upon its completion, the department on behalf of the State of Victoria was granted a 25 year finance lease by the lessor, and entered into an agreement under which the new facility will be operated by the Melbourne Convention and Exhibition Trust (MCET).

The Melbourne Convention and Exhibition Centre Stage 2 (MCEC) expansion project was announced in the 2015-16 Budget. This project involves construction of a 9000 square metre expansion of the exhibition centre, associated concourse and ancillary spaces on a purpose-built deck. This is being delivered via a modification to the existing PPP arrangement with the existing lessor. Contracts for the modification were finalised in May 2016, and the MCEC expansion is expected to be operational in 2018, with a 16 year finance lease with the existing lessor commencing from this date for the build cost.

It is estimated as at 30 June 2016 that future lease payments relating to the new facility constructed in 2009 including the recent stage 2 expansion amount to $492.8 million (2015: $458.3 million) in net present value terms, or $1,061 million (2015: $1,030.4 million) in nominal dollars, to be paid to the lessor over a 25 year period which commenced 1 January 2009 over the respective lease period till 2034. At the initial construction of the convention centre in 2009, the department on behalf of the State of Victoria has entered into a loan agreement with MCET under which MCET undertakes to repay the State of Victoria 50 per cent ($227.5 million) of the value of the asset ($455 million) over a 25 year period.

As part of the 25 year lease arrangement, the lessor will provide services, maintenance, and refurbishments in return for a fixed (inflation adjusted) quarterly service payment from the State of Victoria for both the existing facility and new expansion. It is estimated that as at 30 June 2016, these future service payments amount to $247.8 million (2015: $200.7 million) in net present value terms, or $492.8 million (2015: $440.6 million) in nominal dollars, over the 25 year lease term.

Ownership of the MCEC facility will transfer to the State of Victoria at the end of the 25 year lease period at no cost.



Note 26. Ex gratia expensesThere were no ex gratia payments for the twelve months ended 30 June 2016 (30 June 2015: $0).

Note 27. Annotated income agreementsThe following is a listing of the Financial Management Act 1994 section 29 annotated income agreements approved by the Treasurer:

Actual

($ thousand)

2016 2015

User charges, sale of goods and services

Agriculture and veterinary chemical permits - 347

BRC – La Trobe contribution to quarterly services payments 2,768 4,119

Commercial forest - 346

Cultivating and processing of poppies - 80

Grants from Catchment Management Authorities 3 3,379

Paper Australia Pulpwood Agreement 24,160 12,208

Port Phillip Bay scallop fisheries auction - 637

Fisheries Cost Recoveries 639 -

Research and experimental projects: industry contributions 17,394 20,501

Seafood Industry Victoria levy 718 503

Marysville Convention Centre - 740

Regional Victoria Living Expo - 1,202

Global Carbon Capture Storage Institute (GCCSI) agreement 277 -

45,959 44,062

Asset sales

Proceeds from the sale of the former Circus Oz site in Port Melbourne - 2,475

- 2,475


Actual

($ thousand)

2016 2015

Commonwealth payments

Gardiner Foundation contributions from Commonwealth-funded bodies 66 396

Cooperative Research Centre contributions 5,242 7,607

Research development corporations contributions 15,835 14,903

Coal seam gas and large coal mining development - 245

Plant and exotic disease preparedness and eradication 88 76

Roadside Weeds and Pest Program 500 -

National Partnership on developing demand-driver infrastructure for the tourism industry 1,660 -

Infrastructure Investment Programme/Building Australia Fund – rail projects 50 -

Nation Building – road projects 154,829 150,331

Nation Building – land transport research facilities - 200

Black spot projects (including Asset Recycling Fund) 31,490 13,344

Managed motorways 2,725 6,400

Interstate road transport 18,873 8,880

National Highway Upgrade Programme (Asset Recycling Fund) 1,720 -

Bridge Renewal Programme 2,332 -

Heavy Vehicle Safety and Productivity 1,760 -

Road maintenance 58,749 -

Nation Building/Building Australia – rail projects - 143,883

Clean Energy Future: Regional Structural Adjustment Assistance Program - 1,300

295,919 347,565

Municipal payments

Domestic Animals Act 1,249 2,251

1,249 2,251

Total annotated income agreements 343,127 396,353



Note 28. Trust account balances

(A) Trust account balances relating to trust accounts controlled by the departmentThe following list of controlled trust account balances, is based on accrual accounting principles.

($ thousand)

2015 MOG(i) Revenue Expense 2016

CONTROLLED TRUSTS

State trusts

Better Roads Victoria Trust Account

Established under the Business Franchise (Petroleum Products) Act 1979 to provide funding for road improvements across Victoria.

830,969 - 398,747 (266,230) 963,486

Regional Growth Fund

Established under the Regional Growth Fund Act 2011 to support regional cities and country communities in infrastructure, facilities, services, job creation, career opportunities and to increase investment.

242,137 - 147,076 (143,899) 245,314

State Development Special Projects Trust Account *

Established under section 19 of the Financial Management Act 1994, to assist in facilitating, encouraging, promoting and carrying out activities leading to a balanced economic development of the State of Victoria.

96,452 - 110,774 (124,032) 83,194

Agriculture Projects Trust Account (ii)


265,010 - 14,381 (27,554) 251,837

Disease Compensation Funds

Established under section 5 of the Livestock Disease Control Act 1994 to support the control and eradication of any outbreak and to provide compensation for livestock destroyed due to suffering or suspected of suffering from diseases.

19,077 - 6,924 (3,061) 22,940

Plant, Equipment and Machinery Trust Accounts

Operate under section 23 of the Conservation Forests and Lands Act 1987 and s.141 of the Fisheries Act 1995 to enable the purchase of plant, equipment or machinery required for the purposes of the Acts, and for the operation, maintenance and repair of that plant, equipment or machinery, and to enable the payment of any other expenses in relation thereto.

17,988 - 3,933 (1,980) 19,941


($ thousand)


Recreational Fishing Licences Trust Account

Operates under section 151B of the Fisheries Act 1995 to disburse revenue derived from the sale of recreational fishing licenses to projects that will further improve recreational fishing opportunities in Victoria, and to fund costs incurred in the administration of recreational fishing licences and the account.

2,914 - 13,864 (11,485) 5,293

Arts Fund

Established under the Arts Victoria Act 1972 to provide funds to develop and improve knowledge, understanding, appreciation and practice of the arts in Victoria.

3,780 - 6,373 (6,391) 3,762

State Treasury Trust Fund **

Established under the Financial Management Act 1994 to record the receipt and disbursement of unclaimed monies and other funds held in trust.

3,609 - 3,392 (3,291) 3,710

VicFleet Vehicle Lease Trust Account

Established under section 19(2) of the Financial Management Act 1994 as a specific purpose operating account. It receives funding and makes payments in relation to the government motor vehicle pool.

1,802 - 2,100 (938) 2,964

Commonwealth trusts

Commonwealth Treasury Trust Fund

Established under section 19 of the Financial Management Act 1994, for the purpose of holding funds from the Commonwealth Government.

63,167 - 11,616 (4,494) 70,289

Total controlled trusts 1,546,905 - 719,180 (593,355) 1,672,730

(i) MOG refers to the machinery-of-government change which occurred on 1 January 2015.

(ii) This trust account has been renamed, in 2015 it was reported as ‘Departmental Projects Trust Account’.




(A) Trust account balances relating to trust accounts controlled by the department (continued)The following list of controlled trust account balances, is based on accrual accounting principles.

($ thousand)


CONTROLLED TRUSTS

State trusts

Better Roads Victoria Trust Account

Established under the Business Franchise (Petroleum Products) Act 1979 to provide funding for road improvements across Victoria.

- 644,611 455,201 (268,843) 830,969

Regional Growth Fund

Established under the Regional Growth Fund Act 2011 to support regional cities and country communities in infrastructure, facilities, services, job creation, career opportunities and to increase investment.

225,993 - 136,579 (120,435) 242,137

State Development Special Projects Trust Account *


88,137

4,763

120,402

(116,850)

96,452

Agriculture Projects Trust Account(ii)


- 240,721 31,444 (7,155) 265,010

Disease Compensation Funds

Established under section 5 of the Livestock Disease Control Act 1994 to support the control and eradication of any outbreak and to provide compensation for livestock destroyed due to suffering or suspected of suffering from diseases.

- 18,133 3,526 (2,582) 19,077

Plant, Equipment and Machinery Trust Accounts

Operate under section 23 of the Conservation, Forests and Lands Act 1987 and section 141 of the Fisheries Act 1995 to enable the purchase of plant, equipment or machinery required for the purposes of the Acts, and for the operation, maintenance and repair of that plant, equipment or machinery, and to enable the payment of any other expenses in relation thereto.

-

16,786

2,393

(1,191)

17,988


($ thousand)


Recreational Fishing Licences Trust Account

Operates under section 151B of the Fisheries Act 1995 to disburse revenue derived from the sale of recreational fishing licenses to projects that will further improve recreational fishing opportunities in Victoria, and to fund costs incurred in the administration of recreational fishing licences and the account.

- 2,553 6,076 (5,715) 2,914

Arts Fund

Established under the Arts Victoria Act 1972 to provide funds to develop and improve knowledge, understanding, appreciation and practice of the arts in Victoria.

- 3,820 1,095 (1,135) 3,780

State Treasury Trust Fund **


1,648 1,667 2,991 (2,697) 3,609

VicFleet Vehicle Lease Trust Account

Established under section 19(2) of the Financial Management Act 1994 as a specific purpose operating account. It receives funding and makes payments in relation to the government motor vehicle pool.

438 1,015 574 (225) 1,802

Commonwealth trusts

Commonwealth Treasury Trust Fund

Established under section 19 of the Financial Management Act 1994, for the purpose of holding funds from the Commonwealth Government.

26,404 - 40,929 (4,166) 63,167

Total controlled trusts 342,620 934,069 801,210 (530,994) 1,546,905

(i) MOG refers to the machinery-of-government change which occurred as at 1 January 2015.

* In the previous financial year the department reported funds associated with the ‘Energy Earth Resources Trust Account’ as a separate trust account. These funds are a segment within the State Development Special Projects Trust Account and as such do not constitute a different trust account. The comparative amounts are now incorporated in the State Development Special Projects Trust Account and were reported in 2015 as follows:

Earth and Energy Resources Trust Account 6,434 - 17 (128) 6,323

** ‘The State Treasury Trust Fund’ comparative incorporates the 2015 amounts for ‘Natural Disaster Relief Trust’ which were reported as a separate line in this note. The department does not operate a separate trust fund for natural disaster relief funds and as such the comparative amounts are now incorporated in the State Treasury Trust Fund and were as follows:

Natural Disasters Relief Trust Fund 1,209 - 2,624 (2,665) 1,168




(B) Trust account balances relating to trust accounts administered by the departmentThe following list of controlled trust account balances, is based on accrual accounting principles.

($ thousand)


ADMINISTERED TRUSTS

State trusts

State Treasury Trust Fund


1,351 - 409 (5)

1,755

Lysterfield Reclamation Levy Trust Fund

Established under section 7 of the Extractive Industries (Lysterfield) Act 1986 for the purposes of applying monies received in the trust to the reclamation of certain lands in accordance with the Act.

4,103 - 79 - 4,182

ANZAC Day Proceeds Trust Fund

Established under the ANZAC Day Act 1958 to receive funds as required to be paid by the ANZAC Day Act 1958 and the Racing Act 1958 and to be credited to the Victorian Veterans Fund.

231 - 177 (288) 120

Public Service Commuters Club

Established under the Financial Management Act 1994 to record the receipt of amounts associated with the scheme and deductions from club members salaries as well as recording payment to the Public Transport Corporation.

(199) - - (278) (477)

Total administered trusts 5,486 - 665 (571) 5,580

State Treasury Trust Fund


(9) 1,229 1,750 (1,619) 1,351

Lysterfield Reclamation Levy Trust Fund

Established under section 7 of the Extractive Industries (Lysterfield) Act 1986 for the purposes of applying monies received in the trust to the reclamation of certain lands in accordance with the Act.

3,717 - 386 - 4,103


($ thousand)


ANZAC Day Proceeds Trust Fund

Established under the ANZAC Day Act 1958 to receive funds as required to be paid by the ANZAC Day Act 1958 and the Racing Act 1958 and to be credited to the Victorian Veterans Fund.

- 40 191 - 231

Public Service Commuters Club

Established under the Financial Management Act 1994 to record the receipt of amounts associated with the scheme and deductions from club members salaries as well as recording payment to the Public Transport Corporation.

(122) (48) - (29) (199)

Total controlled trusts 3,586 1,221 2,327 (1,648) 5,486

(i) MOG refers to the machinery-of-government change which occurred on 1 January 2015.

(C) Trust account cash balancesThe following is a list of cash held in trust account balances relating to trusts controlled and administered by the department.

($ thousand)

2016 2015

CONTROLLED TRUSTS

State trusts

Better Roads Victoria Trust Account 1,022,316 925,028

Regional Growth Fund 264,784 258,014

State Development Special Projects Trust Account * 89,461 97,715

Agriculture Projects Trust Account ** 47,320 61,733

Disease Compensation fund 23,029 19,168

State Treasury Fund 3,813 10,439

Recreational Fishing Licences Trust 5,355 5,073

Arts Fund 4,246 3,566

Plant and Equipment Trust Account 9,188 3,142

VicFleet Vehicle Lease Trust Account 2,666 1,432

Commonwealth trusts

Commonwealth Treasury Trust Accounts 67,355 39,300

Total controlled trusts 1,539,533 1,424,610

(i) MOG refers to themachinery-of-government change which occurred on 1 January 2015.




(C) Trust account cash balances (continued)

($ thousand)

2016 2015

ADMINISTERED TRUSTS

State trusts

Treasury Trust Fund 13,825 12,883

Lysterfield Levy Trust Fund 4,178 4,032

ANZAC Day Proceeds Trust Fund 120 231

Public Service Commuter Club Trust (477) (361)

Total administered trusts 17,646 16,785

The department’s Public Service Commuters Club Trust sits in deficit due to the timing between the purchase of travel tickets and reimbursement from employees. The trust’s working capital is funded by the Department of Treasury and Finance, and the overall trust balance is in surplus.

* Last financial year the department reported the Energy and Earth Resources Trust Account (balance of $6.308M in 2015) as a separate trust account. It is not a separate trust but a segment within the State Development Special Projects Trust Account and as such does not constitute a separate trust account.

** This trust account has been renamed, in 2015 it was reported as ‘Departmental Projects Trust Account.

(D) Trust accounts opened and closed by the department During the 2016 financial year no new trust accounts were opened or closed by the department.


Note 29. Responsible personsIn accordance with the directions issued by the Minister for Finance under the Financial Management Act 1994, the following disclosures are made regarding responsible persons for the reporting period.

The persons who held the positions of ministers and accountable officer in DEDJTR were:

Secretary, Department of Economic Development, Jobs,Transport and Resources

Mr Richard Bolt 1 July 2015 to 30 June 2016

Minister for Public Transport The Hon. Jacinta Allan MP 1 July 2015 to 30 June 2016

Minister for Major Projects The Hon. Jacinta Allan MP 23 May 2016 to 30 June 2016

Minister for Employment The Hon. Jacinta Allan MP 1 July 2015 to 23 May 2016

Minister for Industry The Hon. Lily D’Ambrosio MP 1 July 2015 to 23 May 2016

Minister for Industry and Employment The Hon. Wade Noonan MP 23 May 2016 to 30 June 2016

Minister for Energy and Resources The Hon. Lily D’Ambrosio MP 1 July 2015 to 23 May 2016

Minister for Energy, Environment and Climate Change The Hon. Lily D’Ambrosio MP 23 May 2016 to 30 June 2016

Minister for Resources The Hon. Wade Noonan MP 23 May 2016 to 30 June 2016

Minister for Roads & Road Safety The Hon. Luke Donnellan MP 1 July 2015 to 30 June 2016

Minister for Ports The Hon. Luke Donnellan MP 1 July 2015 to 30 June 2016

Minister for Creative Industries The Hon. Martin Foley MP 1 July 2015 to 30 June 2016

Minister for International Education The Hon. Steve Herbert MLC 23 May 2016 to 30 June 2016

Minister for Industrial Relations The Hon. Natalie Hutchins MP 1 July 2015 to 30 June 2016

Minister for Agriculture The Hon. Jaala Pulford MLC 1 July 2015 to 30 June 2016

Minister for Regional Development The Hon. Jaala Pulford MLC 1 July 2015 to 30 June 2016

Minister for Tourism and Major Events The Hon. John Eren MP 1 July 2015 to 30 June 2016

Minister for Small Business, Innovation and Trade The Hon. Adem Somyürek 1 July 2015 to 28 July 2015

The Hon. Jacinta Allan MP 28 July 2015 to 31 July 2015

The Hon. Philip Dalidakis MLC 31 July 2015 to 30 June 2016

Accountable officers’ remuneration

Total remuneration received or receivable by the accountable officers in connection with the management of the department during the reporting period was:

Total remuneration

2016 2015

Income band No. No.

$200,000 - $209,999 - 1

$240,000 - $249,999 - 1

$510,000 - $519,999 1 -

Total numbers 1 2

Other related transactions and loans requiring disclosure under the directions of the Minister for Finance have been considered and there are no matters to report.

Amounts relating to ministers are reported in the financial statements of the Department of Premier and Cabinet. For information regarding related party transactions of ministers, the register of members’ interests is publicly available from: www.parliament.vic.gov.au/publications/regster-of-interests.



Note 30. Remuneration of executives and payments to other personnel

(A) Remuneration of executives The number of executive officers, other than ministers and accountable officers, and their total remuneration during the reporting period are shown in the first two columns in the table below in their relevant income bands.

The base remuneration of executive officers is shown in the third and fourth columns. Base remuneration is exclusive of bonus payments, long service leave payments, redundancy payments and retirement benefits.

The total annualised employee equivalent provides a measure of full time equivalent executive officers over the reporting period.

Total remuneration Base remuneration

2016 2015 2016 2015

Income band No. No. No. No.

Less than $100,000 24 49 28 58

$100,000 - $109,999 8 18 9 13

$110,000 - $119,999 3 9 5 8

$120,000 - $129,999 3 7 3 6

$130,000 - $139,999 6 4 5 4

$140,000 - $149,999 - 6 - 6

$150,000 - $159,999 4 2 6 2

$160,000 - $169,999 5 4 4 4

$170,000 - $179,999 7 6 8 7

$180,000 - $189,999 7 4 9 5

$190,000 - $199,999 7 8 9 6

$200,000 - $209,999 12 3 14 5

$210,000 - $219,999 12 2 6 1

$220,000 - $229,999 5 - 6 4

$230,000 - $239,999 6 3 6 2

$240,000 - $249,999 8 4 6 3

$250,000 - $259,999 6 4 8 1

$260,000 - $269,999 8 - 7 -

$270,000 - $279,999 2 1 1 1

$280,000 - $289,999 1 - 2 2

$290,000 - $299,999 9 2 6 2

$300,000 - $309,999 2 3 1 -

$310,000 - $319,999 1 - 2 -

$320,000 - $329,999 4 - 2 -

$330,000 - $339,999 2 - 1 -

$340,000 - $349,999 2 - 3 1

$350,000 - $359,999 2 1 2 -


Total remuneration Base remuneration

2016 2015 2016 2015

Income band No. No. No. No.

$360,000 - $369,999 3 - 1 -

$370,000 - $379,999 2 - 2 1

$390,000 - $399,999 1 1 - -

$410,000 - $419,999 - 1 - -

$450,000 - $459,999 - - 1 -

$480,000 - $489,999 1 - - -

Total numbers (b) 163 142 163 142

Total annualised employee equivalent (AEE) (a) (b) 126.5 83.6 126.5 83.6

Total amount ($ thousand) 32,844 19,269 30,677 18,290

(a) Annualised employee equivalent is based on working 38 ordinary hours per week over the reporting period.

(b) The 2015 amounts are for the former Department of State Development, Business and Innovation (for 12 months) which was renamed to the Department of Economic Development, Jobs, Transport and Resources on 1 January 2016 and for the former Transport, Agriculture and Creative Victoria Groups (for the six months from 1 January 2015). 2015-16 executive numbers and remuneration reflects resources required to support the delivery of major transport infrastructure projects.




(B) Payments to other personnel (contractors with significant management responsibilities)

The following disclosures are made in relation to other personnel of the department, i.e. contractors charged with significant management responsibilities.

Payments have been made to a number of contractors with significant management responsibilities, which are disclosed in the $10,000 expense band. These contractors are responsible for planning, directing or controlling, directly or indirectly, the department’s activities.

Total other personnel

2016 2015

Income band No. No.

Less than $100,000 1 -

$100,000 - $109,999 - 1

$140,000 - $149,999 1 1

$150,000 - $159,999 - 1

$170,000 - $179,999 1 -

$210,000 - $219,999 - 1

$220,000 - $229,999 - 1

$250,000 - $259,999 1 -

$270,000 - $279,999 2 1

$290,000 - $299,999 1 -

$300,000 - $309,999 1 -

$310,000 - $319,999 1 1

$320,000 - $329,999 - 3

$340,000 - $349,999 - 1

$360,000 - $369,999 1 -

$390,000 - $399,999 - 1

$450,000 - $459,999 1 -

$480,000 - $489,999 3 -

$590,000 - $599,999 1 -

$680,000 - $689,999 1 -

Total numbers (a) 16 12

Total amount (exclusive of GST) ($ thousand) (a) 5,673 3,158

(a) Numbers and remuneration reflects resources required to support the delivery of major transport and infrastructure projects.


Note 31. Remuneration of auditors

($ thousand)

2016 2015

Victorian Auditor-General's Office

Audit of the financial statements 535 525

Total 535 525

Note 32. Subsequent eventsThe premier issued a General Order on 23 May 2016 to transfer the Energy division to the Department of Environment, Land, Water and Planning (DELWP). The effective financial date of the General Order was 1 July 2016.

The premier issued a General Order on 27 June 2016 to establish Transport for Victoria (TFV), a new central transport agency to coordinate Victoria’s growing transport system and plan for its future. Legislation will be introduced to establish the new body after 1 July 2016.

Note 33. Glossary of terms

Actuarial gains or losses on superannuation defined benefit plans

Actuarial gains or losses are changes in the present value of the superannuation defined benefit liability resulting from experience adjustments (the effects of differences between the previous actuarial assumptions and what has actually occurred) and the effects of changes in actuarial assumptions.

Administered item

Administered item generally refers to a department lacking the capacity to benefit from that item in the pursuit of the entity’s objectives and to deny or regulate the access of others to that benefit.

Amortisation

Amortisation is the expense which results from the consumption, extraction or use over time of a non-produced physical or intangible asset. This expense is classified as an ‘other economic flow’.

Associates

Associates are all entities over which an entity has significant influence but not control, generally accompanying a shareholding and voting rights of between 20 per cent and 50 per cent.

Borrowings

Borrowings refers to interest bearing liabilities mainly from public borrowings raised through the TCV, finance leases and other interest bearing arrangements. Borrowings also include non-interest bearing advances from government that are acquired for policy purposes.

Comprehensive result

The net result of all items of income and expense recognised for the period. It is the aggregate of the operating result and other comprehensive income.

Capital asset charge

A charge levied on the written down value of controlled non-current physical assets in a department’s balance sheet which aims to attribute to agency outputs the opportunity cost of capital used in service delivery and provide incentives to departments to identify and dispose of underutilised or surplus assets in a timely manner.

Commitments

Commitments include those operating, capital and other outsourcing commitments arising from non-cancellable contractual or statutory sources.

Controlled item

Controlled item generally refers to the capacity of a department to benefit from that item in the pursuit of the entity’s objectives and to deny or regulate the access of others to that benefit.

Current grants

Amounts payable or receivable for current purposes for which no economic benefits of equal value are receivable or payable in return.

Depreciation

Depreciation is an expense that arises from the consumption through wear or time of a produced physical asset. This expense is classified as a ‘transaction’ and so reduces the ‘net result from transaction’.



Note 33. (continued)Effective interest method

The effective interest method is used to calculate the amortised cost of a financial asset or liability and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial instrument, or, where appropriate, a shorter period.

Employee expenses

Employee benefits expenses include all costs related to employment including wages and salaries, fringe benefits tax, leave entitlements, redundancy payments, defined benefits superannuation plans, and defined contribution superannuation plans.

Ex gratia expenses

Ex gratia expenses means the voluntary payment of money or other non-monetary benefit (e.g. a write off) that is not made either to acquire goods, services or other benefits for the entity or to meet a legal liability, or to settle or resolve a possible legal liability or claim against the entity.

Financial asset

A financial asset is any asset that is:

(a) cash

(b) an equity instrument of another entity

(c) a contractual right or statutory right:

• to receive cash or another financial asset from another entity; or

• to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or

(d) a contract that will or may be settled in the entity’s own equity instruments and is:

• a non-derivative for which the entity is or may be obliged to receive a variable number of the entity’s own equity instruments; or

• a derivative that will or may be settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments.

Financial instrument

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Financial assets or liabilities that are not contractual (such as statutory receivables or payables that arise as a result of statutory requirements imposed by governments) are not financial instruments.

Financial liability

A financial liability is any liability that is:

(a) A contractual or statutory obligation:

• to deliver cash or another financial asset to another entity; or

• to exchange financial assets or financial liabilities with another entity under conditions that are potentially unfavourable to the entity; or

(b) A contract that will or may be settled in the entity’s own equity instruments and is:

• a non-derivative for which the entity is or may be obliged to deliver a variable number of the entity’s own equity instruments; or

• a derivative that will or may be settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments

For this purpose the entity’s own equity instruments do not include instruments that are themselves contracts for the future receipt or delivery of the entity’s own equity instruments.

Financial statements

A complete set of financial statements comprises:

• a balance sheet as at the end of the period

• a comprehensive operating statement for the period

• a statement of changes in equity for the period

• a cash flow statement for the period

• notes, comprising a summary of significant accounting policies and other explanatory information

• comprehensive information in respect of the preceding period as specified in paragraphs 38 of AASB 101 Presentation of Financial Statements

• a statement of financial position as at the beginning of the preceding period when an entity applies an accounting policy retrospectively or makes a retrospective restatement of items in its financial statements, or when it reclassifies items in its financial statements in accordance with paragraphs 41 of AASB 101.


Grants and other transfers

Transactions in which one unit provides goods, services, assets (or extinguishes a liability) or labour to another unit without receiving approximately equal value in return. Grants can either be operating or capital in nature.

While grants to governments may result in the provision of some goods or services to the transferor, they do not give the transferor a claim to receive directly benefits of approximately equal value. For this reason, grants are referred to by the AASB as involuntary transfers and are termed non reciprocal transfers. Receipt and sacrifice of approximately equal value may occur, but only by coincidence. For example, governments are not obliged to provide commensurate benefits in the form of goods or services to particular taxpayers in return for their taxes.

Grants can be paid as general purpose grants which refer to grants that are not subject to conditions regarding their use. Alternatively, they may be paid as specific purpose grants which are paid for a particular purpose and/or have conditions attached regarding their use.

General government sector

The general government sector comprises all government departments, offices and other bodies engaged in providing services free of charge or at a price significantly below their cost of production. General government services include those which are mainly non-market in nature, those which are largely for collective consumption by the community and those which involve the transfer or redistribution of income. These services are financed mainly through taxes, or other compulsory levies and user charges.

Grants for on-passing

All grants paid to one institutional sector (e.g. a state general government) to be passed on to another institutional sector (e.g. local government or a private non-profit institution).

Infrastructure systems

Infrastructure systems provide essential services used in the delivery of final services or products. They are generally a complex interconnected network of individual assets and mainly include sewerage systems, water storage and supply systems, ports, utilities and public transport assets owned by the state.

Intangible produced assets

Refer to produced assets in this glossary.

Intangible non-produced assets

Refer to non-produced asset in this glossary.

Interest expense

Costs incurred in connection with the borrowing of funds. Interest expenses include interest on bank overdrafts and short-term and long-term borrowings, amortisation of discounts or premiums relating to borrowings, interest component of finance lease repayments and the increase in financial liabilities and non-employee provisions due to the unwinding of discounts to reflect the passage of time.

Interest income

Interest income includes unwinding over time of discounts on financial assets and interest received on bank term deposits and other investments.

Investment properties

Investment properties represent properties held to earn rentals or for capital appreciation or both. Investment properties exclude properties held to meet service delivery objectives of the State of Victoria.

Joint ventures

Joint ventures are contractual arrangements between the department and one or more other parties to undertake an economic activity that is subject to joint control and have rights to the net assets of the arrangement. Joint control only exists when the strategic financial and operating decisions relating to the activity require the unanimous consent of the parties sharing control (the venturers).

Net acquisition of non-financial assets (from transactions)

Purchases (and other acquisitions) of non-financial assets less sales (or disposals) of non-financial assets less depreciation plus changes in inventories and other movements in non-financial assets. Includes only those increases or decreases in non-financial assets resulting from transactions and therefore excludes write offs, impairment write-downs and revaluations.

Net result

Net result is a measure of financial performance of the operations for the period. It is the net result of items of income, gains and expenses (including losses) recognised for the period, excluding those that are classified as ’other economic flows - other comprehensive income’.



Note 33. (continued)Net result from transactions/net operating balance

Net result from transactions or net operating balance is a key fiscal aggregate and is income from transactions minus expenses from transactions. It is a summary measure of the ongoing sustainability of operations. It excludes gains and losses resulting from changes in price levels and other changes in the volume of assets. It is the component of the change in net worth that is due to transactions and can be attributed directly to government policies.

Net worth

Assets less liabilities, which is an economic measure of wealth.


Non-financial assets are all assets that are not ‘financial assets’. It includes inventories, land, buildings, infrastructure, road networks, land under roads, plant and equipment, investment properties, cultural and heritage assets, intangible and biological assets.

Non-produced assets

Non-produced assets are assets needed for production that have not themselves been produced. They include land, subsoil assets, and certain intangible assets. Non produced intangibles are intangible assets needed for production that have not themselves been produced. They include constructs of society such as patents.


Other economic flows included in net result are changes in the volume or value of an asset or liability that do not result from transactions including:

• gains and losses from disposals; revaluations and impairments of non-financial physical and intangible assets

• fair value changes of financial instruments and agricultural assets

• depletion of natural assets (non-produced) by their use or removal.

Other economic flows – other comprehensive income

Other economic flows – other comprehensive income comprises items (including reclassification adjustments) that are not recognised in net result as required or permitted by other Australian Accounting Standards.

The components of other economic flows - other comprehensive income include:

• changes in physical asset revaluation surplus

• share of net movement in revaluation surplus of associates and joint ventures

• gains and losses on remeasuring available-for-sale financial assets.

Payables

Includes short-term and long-term trade debt and accounts payable, grants, taxes and interest payable.

Produced assets

Produced assets include buildings, plant and equipment, inventories, cultivated assets and certain intangible assets. Intangible produced assets may include computer software, motion picture films, and research and development costs (which does not include the start-up costs associated with capital projects).

Public financial corporation sector

Public financial corporations are bodies primarily engaged in the provision of financial intermediation services or auxiliary financial services. They are able to incur financial liabilities on their own account (e.g. taking deposits, issuing securities or providing insurance services). Estimates are not published for the public financial corporation sector.

Public non-financial corporation sector

The public non-financial corporation (PNFC) sector comprises bodies mainly engaged in the production of goods and services (of a non financial nature) for sale in the market place at prices that aim to recover most of the costs involved (e.g. water and port authorities). In general, PNFCs are legally distinguishable from the governments which own them.


Quasi corporation

This is an unincorporated enterprise that functions as if it were a corporation, has the same relationship with its owner as a corporation, and keeps a separate set of accounts.

Receivables

Includes amounts owing from government through appropriation receivable, short and long-term credit and accounts receivable, accrued investment income, grants, taxes and interest receivable.

Sales of goods and service

Refers to income from the direct provision of goods and services and includes fees and charges for services rendered, sales of goods and services, fees from regulatory services, work done as an agent for private enterprises. It also includes rental income under operating leases and on produced assets such as buildings and entertainment, but excludes rent income from the use of non-produced assets such as land. User charges include sale of goods and services income.

Supplies and services

Supplies and services generally represent cost of goods sold and the day-to-day running costs, including maintenance costs incurred in the normal operations of the department.

Taxation income

Taxation income represents income received from the state’s taxpayers and includes:

• payroll tax, land tax and duties levied principally on conveyances and land transfers

• gambling taxes levied mainly on private lotteries, electronic gaming machines, casino operations and racing

• insurance duty relating to compulsory third party, life and non life policies

• insurance company contributions to fire brigades

• motor vehicle taxes, including registration fees and duty on registrations and transfers

• levies (including the environmental levy) on statutory corporations in other sectors of government

• other taxes, including landfill levies, licence and concession fees.

Transactions

Transactions are those economic flows that are considered to arise as a result of policy decisions, usually an interaction between two entities by mutual agreement. They also include flows within an entity such as depreciation where the owner is simultaneously acting as the owner of the depreciating asset and as the consumer of the service provided by the asset. Taxation is regarded as mutually agreed interactions between the government and taxpayers. Transactions can be in kind (e.g. assets provided/given free of charge or for nominal consideration) or where the final consideration is cash. In simple terms, transactions arise from the policy decisions of the government.

Style conventions

Figures in the tables and in the text have been rounded. Discrepancies in tables between totals and sums of components reflect rounding. Percentage variations in all tables are based on the underlying unrounded amounts.

The notation used in the tables is as follows:

.. zero, or rounded to zero

(xxx.x) negative numbers

200x year period

200x-0x year period

The financial statements and notes are presented based on the illustration for a government department in the 2015-16 Model Report for Victorian Government Departments. The presentation of other disclosures is generally consistent with the other disclosures made in earlier publications of the department’s annual reports.


03 NON-FINANCIAL PERFORMANCE



Portfolio performance reporting – non-financial

Changes to the department’s objectives and output structure during 2015-16

Table 1 Changes to departmental objectives, indicators and outputsDepartmental objectives and outputs were revised as a result of an internal review as shown in Table 1 following the creation of the department effective 1 January 2015.

2014-15 objectives 2014-15 outputs 2015-16 objectives 2015-16 outputs Reasons for change

Create productive and competitive agricultural industries

Agriculture Biosecurity More productive, competitive and sustainable food, fibre, energy and resources industries

Agriculture These outputs were transferred from the former Department of Environment and Primary Industries as a result of machinery-of-government changes


Sustainably Manage Fish and Forest Resources

Sustainably Manage, Fish, Game and Forest Resources

Promote the delivery of safe, reliable and competitive energy services, and grow a sustainable resources sector

Energy and Resources Energy and Resources The former Department of State Development, Business and Innovation was renamed the Department of Economic Development, Jobs, Transport and Resources from 1 January 2015

Developing and promoting a thriving Victorian arts and cultural sector

Access, Industry Development and Innovation

Increase the economic, social and cultural value and impact of the creative industries


These outputs were transferred from the Department of Premier and Cabinet as a result of machinery-of-government changes

Cultural Infrastructure and Facilities


Arts Portfolio Agencies (part)

Creative Industries Portfolio Agencies

Sound financial management of Victoria’s fiscal resources

Budget and Financial Policy Advice (part)

Increase sustainable employment opportunities for Victorians and build investment, trade and tourism prospects for the State through working with priority industry sectors, delivering major projects, investing in regional Victoria, providing innovation opportunities for businesses, and building resilience in the State’s workforce

Industrial Relations Part of this output was transferred from the Department of Treasury and Finance as a result of machinery-of-government changes



Assist businesses in accessing skilled workers to align with Victoria’s industry needs

Employment Increase sustainable employment opportunities for Victorians and build investment, trade and tourism prospects for the State through working with priority industry sectors, delivering major projects, investing in regional Victoria, providing innovation opportunities for businesses, and building resilience in the State’s workforce

Employment and Investment

The former Department of State Development, Business and Innovation was renamed the Department of Economic Development, Jobs, Transport and Resources from 1 January 2015

Create more opportunities for Victorian businesses to grow and become more productive and competitive in the global marketplace

Small Business Assistance

Industry and Enterprise Innovation

Trade and Export Facilitation

Trade

Provide market intelligence and assistance to organisations to make it easy to invest in Victoria

Investment Attraction, Facilitation and Major Projects

Major Projects

Regional Development and Regional Cities

Regional Development

Facilitate strategic investment in State and local infrastructure

Sport and Recreation (part)

Tourism, Major Events and International Education

Part of this output was transferred from the former Department of Transport, Planning and Local Infrastructure as a result of machinery-of-government changes




Higher-quality transport services Well-targeted improvements and maintenance to transport system assets

Metropolitan Transport Services Regional Transport Services Statewide Transport Services Public Transport Network Improvements and Maintenance

More productive and liveable cities and regions through improved transport services and better infrastructure

Bus Services These outputs were transferred from the former Department of Transport, Planning and Local Infrastructure as a result of machinery-of-government changes

Metropolitan Transport Services Public Transport Network Improvements and Maintenance

Tram Services

Well-targeted improvements and maintenance to transport system assets

Road Network Improvements Integrated Transport System Planning

Integrated Transport

Road Network Improvements Ports and Freight Network Improvements and Maintenance

Port and Freight Network Access

Road Asset Management


Road Network Improvements

Road Operations and Network Improvements

Safer transport services and infrastructure Higher-quality transport services

Transport Safety Regulation and Investigations Statewide Transport Services

Taxi and Hire Vehicle Services

Safer transport services and infrastructure Higher-quality transport services Well-targeted improvements and maintenance to transport system assets

Transport Safety Regulation and Investigations Metropolitan Transport Services Regional Transport Services Statewide Transport Services Public Transport Network Improvements and Maintenance

Train Services

Safer transport services and infrastructure Well-targeted improvements and maintenance to transport system assets

Transport Safety Regulation and Investigations Transport Safety and Security Management Road Network Improvements

Transport Safety, Security and Emergency Management


Departmental objectives, indicators and outputs

Table 2 Departmental objectives, indicators and linked outputsThe medium-term departmental objectives, associated indicators and linked outputs as set out in the 2015-16 State Budget Paper No. 3 Service Delivery are shown in Table 2.

Departmental objectives Objective indicators Outputs

Increase the economic, social and cultural value and impact of the creative industries

Attendance at creative and cultural events and experiences

Creative organisations and projects supported

Visitor satisfaction at creative and cultural events, and state-owned cultural facilities


Creative Industries Portfolio Agencies


Increase sustainable employment opportunities for Victorians and build investment, trade and tourism prospects for the State through working with priority industry sectors, delivering major projects, investing in regional Victoria, providing innovation opportunities for businesses, and building resilience in the State’s workforce

Employment resulting from government investment facilitation services and assistance

Export sales generated from government programs

Major projects delivered

New investment resulting from government facilitation services and assistance

Number of business engagements

Tourists, investors and students attracted

Employment and Investment

Industrial Relations

Industry and Enterprise Innovation

Major Projects

Regional Development

Tourism, Major Events and International Education

Trade

More productive, competitive and sustainable food, fibre, energy and resources industries

Relative share of Victorian energy sourced from renewables

Value of Victorian agriculture production

Value of Victorian earth resources production

Value of Victorian food and fibre exports

Agriculture

Energy and Resources

Sustainably Manage Fish, Game and Forest Resources

More productive and liveable cities and regions through improved transport services and better infrastructure

Distressed freeway and arterial road surfaces

Fatalities and serious injuries on the transport network reduced

Public transport customer satisfaction

Public transport services delivered on time

Punctuality of the metropolitan road network

Scheduled public transport services delivered

Transport projects delivery complies with agreed scope, timeframes and budget

Bus Services

Integrated Transport

Port and Freight Network Access


Road Operations and Network Improvements

Taxi and Hire Vehicle Services

Train Services

Tram Services

Transport Safety, Security and Emergency Management



Progress towards achieving departmental objectivesThe department seeks to lift the living standards and wellbeing of all Victorians by sustainably growing Victoria’s economy and employment and by working with the private and public sectors to foster innovation, creativity, productivity, investment, and trade.

This section reports the department’s progress on its 2015-16 departmental objectives through a range of indicators. Trends in these indicators demonstrate the department’s performance and progress towards achieving these objectives.

ObjectiveIncrease the economic, social and cultural value and impact of the creative industries

This objective seeks to increase the economic, social and cultural value of the creative industries to Victoria and ensure that all Victorians reap the benefits of a vibrant creative state.

The creative and cultural economy represents eight per cent of the Victorian economy1 and is growing at almost double the rate of the broader economy. It also employs more than 220,000 people and contributes $1.4 billion annually in exports2.

Victoria’s first creative industries strategy, Creative State, was launched by the Minister for Creative Industries in April 2016. Creative State will build the sector by developing, attracting and retaining the best creative talent, growing the state’s creative enterprises and creating new jobs and employment opportunities. It will also bring social and cultural benefits to individuals and communities across the state.

1 Boston Consulting Group, Victoria’s Creative and Cultural Economy, April 2015.2 2013 data from the Australian Bureau of Statistics satellite accounts of creative and cultural industries. Australian Census data, cultural employment estimate, Regional Development Victoria Gross Value-add data.

In 2015-16, the creative industries portfolio agencies together attracted their largest-ever attendance. More than 11.4 million people attended agency performances, exhibitions and events in 2015-16, 30 per cent more than the annual target (see Figure 1). The National Gallery of Victoria’s exhibition Andy Warhol | Ai Weiwei recorded a total attendance of 399,127 people, the highest-selling ticketed exhibition in the gallery’s history. At the Australian Centre for the Moving Image, 199,636 people, including more than 87,800 from outside Victoria, visited David Bowie is. Visitor satisfaction at creative and cultural events and state-owned cultural facilities has slightly increased over the last four years to 96 per cent (see Figure 3).

During 2015-16, Victoria signed the first agreement by any Australian state with the national government of the People’s Republic of China. The five-year cultural exchange agreement will benefit Victoria’s cultural and creative industries, enabling exchanges of festivals, creative partnerships, tours and artist-in-residence opportunities.

The number of creative organisations and projects supported through Creative Victoria funding programs was more than 20 per cent higher than previous years (see Figure 2).

Victoria hosted the first Melbourne International Games Week, including a 48-hour Microsoft hackathon; a game developers conference on emerging games technologies; the Game Connect Asia Pacific conference for developers, publishers and investors; an Education in Games Summit; and PAX AUS, a major international games festival.

The Access, Industry Development and Innovation, Creative Industries Portfolio Agencies and Cultural Infrastructure and Facilities outputs contribute to this objective.


Table 3 Progress towards the objective

Indicator Measure (unit of measure) 2012-13 2013-14 2014-15 2015-16

Attendance at creative and cultural events and experiences

Attendances at creative industries portfolio agencies (number, 000)

9,615 10,253 10,189 11,403

Creative organisations and projects supported

Creative organisations and projects supported through Creative Victoria funding programs

474 449 495 605

Visitor satisfaction at creative and cultural events, and state-owned cultural facilities

Average of visitor satisfaction rates reported for creative industries portfolio agencies (percentage)

93 93 94 96

Figure 1 Attendance at creative and cultural events and experiences

8,500

9,000

9,500

10,000

10,500

11,000

11,500

12,000

2015-162014-152013-142012-13

Nu

mb

er (0

00

)

Year

Figure 2 Creative organisations and projects supported

300

350

400

450

500

550

600

650

2015-162014-152013-142012-13

Nu

mb

er

Year

Figure 3 Visitor satisfaction at creative and cultural events, and state-owned cultural facilities

80

85

90

95

100

2015-162014-152013-142012-13

Per

cen

t

Year



Performance against output performance measures

Table 4 Output: Access, Industry Development and InnovationTable 4 represents performance against the Access, Industry Development and Innovation output. This output supports the creative industries to maximise public benefit through expanded access to a diverse range of creative products and experiences, as well as supporting industry research, marketing and industry development.

Performance measures

Unit of measure

2015-16 actual

2015-16 target

Performance variation (%) Result(1)

QUANTITY

Access to a diverse range of supported projects: artist residencies in schools

number 19 22 -14

The result reflects the discontinuation of Australia Council funding for six Extended Schools Residencies projects, offset by the carry-over of three Artists in Schools projects from 2014-15.

Access to a diverse range of supported projects: regional Touring Victoria destinations

number 65 42 55 ü

Additional funding was made available through the Regional Jobs and Infrastructure Fund, allowing small towns to be specifically targeted for support.

Attendances at major performing arts organisations

number (000) 954 985 -3

Diverse range of product, producers and cultural venues supported: organisations recurrently funded

number 141 135 4 ü

Diverse range of product, producers and cultural venues supported: project companies and artists funded

number 455 450 1 ü

Diverse range of product, producers and cultural venues supported: project companies and artists funded that are regionally based

per cent 23 23 0 ü

Diverse range of product, producers and cultural venues supported: regionally based organisations recurrently funded

number 53 47 13 ü

Additional funding was made available through the Regional Jobs and Infrastructure Fund, allowing expansion to smaller regional organisations.

Planning and research projects number 13 13 0 ü

QUALITY

Grant recipients who met or exceeded agreed outcomes

per cent 95 85 12 ü

Funded organisations are continuing to improve their performance, increasing their delivery against agreed outcomes.

Public information rated ‘informative’ or ‘very informative’ by grant applicants

per cent 90 90 0 ü



Unit of measure

2015-16 actual

2015-16 target


TIMELINESS

Performance and grant agreements acquitted within timeframes specified in the funding agreement


Funded organisations that applied to the 2016 Organisations Investment Program funding round were required to prepare retrospective and acquittal data earlier than usual to meet the 12 April 2016 closing date.

VicArts Grants applications processed for ministerial consideration

days 37 50 -26 ü

Efficiencies in time management resulted in productivity gains.

COST

Total output cost $ million 61.1 61.9 -1.3 ü

1. Notes ü Performance target achieved or exceeded. Performance target not achieved — within 5 per cent variance.

Performance target not achieved — exceeds 5 per cent variance.

Table 5 Output: Creative Industries Portfolio Agencies

Table 5 represents performance against the Creative Industries Portfolio Agencies output. This output promotes, presents and preserves the state’s heritage and creative industries through Victoria’s cultural agencies: Arts Centre Melbourne, Australian Centre for the Moving Image (ACMI), Docklands Studios Melbourne, Film Victoria, Geelong Performing Arts Centre, Melbourne Recital Centre, Museum Victoria, National Gallery of Victoria and State Library Victoria.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Access: agency website visitation number (000) 20,614 13,930 48 ü

Agencies had stronger digital online content, significantly increased their social media interaction, and experienced increased online ticket purchases.

Access: users/attendances at all agencies number (000) 11,403 8,800 30 ü

The popularity of exhibitions such as David Bowie Is, Andy Warhol | Ai Weiwei, and Jurassic World, and the Flinders Street entrance to ACMI being reopened resulted in increased attendances.

Additional employment from production supported by Film Victoria

number 8,068 7,500 8 ü

A number of television drama projects employed a larger number of cast and crew than anticipated.

Agency service delivery agreements in place

number 8 8 0 ü

Community engagement: members and friends of agencies

number 49,530 43,000 15 ü

Engagement and relationship-building led to increased retention of members and friends.

Community engagement: volunteer hours number 91,291 90,500 1 ü

Education: students participating in agency education programs

number 570,473 500,000 14 ü

Increased admissions at Scienceworks, the popularity of Screenworlds and the WW1 Centenary Exhibition, record attendance at Andy Warhol | Ai Weiwei, and the successful collaboration between the library’s Centre for Youth Literature and ABC Splash at State Library Victoria resulted in increased student participation.

Value of film, television and digital media production supported by Film Victoria production

$ million 173 173 0 ü




Unit of measure

2015-16 actual

2015-16 target


QUALITY

Agency collections storage meeting industry standard

per cent 84 86 -2

Visitors satisfied with visit: Australian Centre for the Moving Image

per cent 96 92 4 ü

Visitors satisfied with visit: Geelong Performing Arts Centre

per cent 96 98 -2

Visitors satisfied with visit: Melbourne Recital Centre

per cent 98 92 7 ü

The centre’s programming has been well-received by audiences and critics, and there has been continuous improvements to front of house, communications and customer service.

Visitors satisfied with visit: Museum Victoria


The refurbishment of existing exhibitions, opening of new exhibitions, targeted programing, and large-scale events such as White Night, led to increased visitor satisfaction.

Visitors satisfied with visit: National Gallery of Victoria

per cent 98 95 3 ü

Visitors satisfied with visit: State Library Victoria

per cent 87 90 -3

Visitors satisfied with visit: Arts Centre Melbourne

per cent 97 95 2 ü

TIMELINESS

Arts portfolio public body annual reports tabled in Parliament by the required statutory dates


COST

Total output cost $ million 344.9 337.0 2.3




Table 6 Output: Cultural Infrastructure and FacilitiesTable 6 represents performance against the Cultural Infrastructure and Facilities output. This output supports Victorian cultural venues and state-owned facilities through strategic assessment and provision of advice on portfolio infrastructure proposals and projects. The output includes consolidation of portfolio asset management plans and management of funding programs for maintenance and minor capital works.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Infrastructure development projects underway

number 4 4 0 ü

Risk management projects completed number 3 3 0 ü

State-owned cultural facilities maintained to meet service and statutory standards

number 28 28 0 ü

QUALITY

Success measures of projects achieved per cent 93 90 3 ü

TIMELINESS

Performance and grant agreements completed within agreed timeframes

per cent 92 90 2 ü

COST






Objective Increase sustainable employment opportunities for Victorians and build investment, trade and tourism prospects for the State through working with priority industry sectors, delivering major projects, investing in regional Victoria, providing innovation opportunities for businesses, and building resilience in the State’s workforce

A key aim of the department is supporting economic growth by seeking to maximise employment and by creating long-term economic benefits from tourism, investment, major projects and international education. In supporting that aim, the department nurtures a productive workplaces landscape with its oversight of fair and efficient laws and bargaining processes and by its overt support of fair outcomes for Victorian workers.

The department also delivers a range of initiatives and activities to foster investment, growth and employment opportunities to support workers, industries and regions. In 2015-16 the state exceeded its investment and jobs targets by generating more than $2.46 billion in new capital investment against a departmental target of $2.1 billion and by the creation of 5523 full-time equivalent jobs against a target of 4600. Significant projects facilitated by the Victorian Government include the establishment of the National Broadband Network’s Technical Support, Administrative Support and Engineering Centre; GoPro’s Australian and New Zealand headquarters; and Zendesk’s Asia Pacific Software Engineering Centre.

The Victorian Government’s 2015-16 program of inbound and outbound trade missions and business delegations assisted more than 1650 companies to visit international markets and make connections with international business and government delegates. Some 17 per cent of mission participants were regional businesses. The 20 outbound trade missions involved 390 Victorian companies, and the 14 inbound trade missions showcased 1280 Victorian companies. Missions included Food and Beverage Trade Week in Victoria; Advamed 2015 in the USA targeting the medical technologies sector; and IMARC in Victoria targeting the mining services sector.

In addition, Victorian Government trade programs assisted more than 2400 Victorian businesses make new business connections, including through the Access Program (using the in-market trade specialists and desk facilities of the 18 overseas Victorian Government Business Offices for business introductions and networking), and 428 businesses who attended Export Skills workshops and briefings.

In 2015-16, the department developed or delivered 20 major projects, well above the target of 15. For example, the Melbourne Wholesale Fruit and Vegetable Market, which commenced operations in August 2015, is in a new purpose-built facility on a 60-hectare site at Epping and provides critical linkages between growers, wholesalers, retailers and the fresh-produce supply chain. More than 4000 businesses use the market as a base to buy and sell fresh produce for distribution across Victoria and Australia.

The department made 14,782 business engagements in 2015-16 compared with 13,200 in 2014-15; these engagements included support to eight priority industry sectors following the release of eight Future Industry sector strategies in March 2016, and identified new investment and trade opportunities.

In 2015-16, major sporting and cultural events such as the Australian Open Tennis, AFL Grand Final Week, the Australian Formula One Grand Prix and the Spring Racing Carnival contributed to the 6.3 per cent growth in the number of domestic overnight visitors to and within Victoria (Figure 6). The number and expenditure of international visitors also grew compared with 2014-15 (Figure 7), driven by growth from key markets including China.

In 2015-16, Victoria maintained its market share of international students in Australia. The International Education Sector Strategy, released in March 2016, outlines the areas where the government will work with the sector to ensure Victoria remains a premium global destination for international students, and positions Victoria’s international education sector for long-term, sustainable growth.

The Employment and Investment; Industrial Relations; Industry and Enterprise Innovation; Major Projects; Regional Development; Tourism, Major Events and International Education; and Trade outputs contribute to this objective.





Employment resulting from government investment facilitation services and assistance (number)

4,737 6,301 6,120 5,523

Target 4,600

Export sales generated from government programs

Actual export sales generated as a result of participation in government programs ($ million)

Data not available

Data not available

Data not available

459

Major projects delivered Major projects in delivery or development at 1 July by Major Projects Victoria and Major Projects Division (number of projects)

Data not available

Data not available

Data not available

20


New investment resulting from government facilitation services and assistance ($ million)

2,222 2,604 2,319 2,466

Target 2,100

Number of business engagements

Engagements with businesses (number)

Data not available

Data not available

13,200 14,782

Tourists, investors and students attracted

Number of domestic overnight visitors (number, million)

17.8 19.1 20.5 21.8

Number of international visitors (number, million)

1.9 2.0 2.2 2.5

Visitor expenditure: domestic ($ billion)

14.8 15.1 16.4 16.4

Visitor expenditure: international ($ billion)

4.5 4.8 5.4 6.7

Visitor expenditure: regional Victoria (domestic) ($ billion)

7.0 7.2 7.7 7.9

Visitor expenditure: regional Victoria (international) ($ million)

307 316 440 402

Proportion of all international students studying in Victoria (per cent)

29 28 29 30

Figure 4 Employment resulting from government investment facilitation services and assistance

0

1000

2000

3000

4000

5000

6000

7000

2015-162014-152013-142012-13

Nu

mb

er

Year



Figure 5 New investment resulting from government facilitation services and assistance

0

500

1000

1500

2000

2500

3000

2015-162014-152013-142012-13

$ m

illio

n

Year

Figure 6 Number of domestic overnight visitors

15

16

17

18

19

20

21

22

23

2015-162014-152013-142012-13

Nu

mb

er (

mill

ion

)

Year

Figure 7 Number of international visitors

0.0

0.5

1.0

1.5

2.0

2.5

3.0

2015-162014-152013-142012-13

Nu

mb

er (

mill

ion

)

Year


Figure 8 Visitor expenditure: domestic and visitor expenditure: international

0

2

4

6

8

10

12

14

16

18

Visitor expenditure: domestic

Visitor expenditure: international

2015-162014-152013-142012-13

$ b

illio

n

Year

Figure 9 Visitor expenditure: regional Victoria (domestic)

6.4

6.6

6.8

7.0

7.2

7.4

7.6

7.8

8.0

2015-162014-152013-142012-13

$ b

illio

n

Year

Figure 10 Visitor expenditure: regional Victoria (international)

200

250

300

350

400

450

500

2015-162014-152013-142012-13

$ m

illio

n

Year



Figure 11 Proportion of all international students studying in Victoria

27

28

29

30

31

2015-162014-152013-142012-13

Per

cen

t

Year


Table 8 Output: Employment and InvestmentTable 8 represents performance against the Employment and Investment output. This output provides programs to link business and workforce needs with training, retraining and support for skills required in the economy. It also provides investment attraction and facilitation services to attract new investment and encourage additional investment by companies already operating in Victoria.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Businesses assisted with skills needs number 1,509 1,200 26 ü

The higher result was due to the inclusion after the target was set of the Skilled Migration program, which actively assisted businesses to find skilled migrants.


number 5,523 4,600 20 ü

The higher result reflects a number of job-intensive projects during the year relating to the Information and Technology and Healthcare services sectors.

Government Youth Employment Scheme traineeships commenced

number 271 280 -3


$ million 2,466 2,100 17 ü

The higher result reflects a number of investment-intensive projects during the year relating to Tourism and Energy sectors.

People supported with employment assistance

number 963 2,000 -52

Businesses assisted under the Business in Transition Program (BiTS) program have experienced smaller-scale retrenchments than has occurred in previous years. The introduction of other government support programs the (Automotive Transition Plan, and TAFE Skills and Jobs Centres) are providing assistance to businesses and workers in transition.

Victoria’s market share of investor and business migrants nominated by Victoria as a proportion of all Australian nominations received

per cent 65 >40 62 ü

Victoria competes successfully for investor and business migration to Australia. Victoria’s long-standing migration presence in China and client centric service offerings have contributed to this result.

QUALITY

Skilled Migration Victoria – client satisfaction with services provided

per cent 84 85 -1



Unit of measure

2015-16 actual

2015-16 target


TIMELINESS

Skilled Migration Victoria – average processing time for state sponsorship applications

days 15 20 -25 ü

A faster average processing time was achieved with priority given to processing Significant Investor Visa nomination applications and ongoing system improvements and streamlined processes.

COST


The 2015-16 result was $32.2 million lower than budget mainly due to underspends as a result of timing differences in expenditure in the Premier’s Jobs and Investment Fund.



Table 9 Output: Industrial RelationsTable 9 represents performance against the Industrial Relations output. This output provides public and private sector industrial relations advice and strategic workforce management counsel to ministers and departmental and agency reviews.


Unit of measure

2015-16 actual

2015-16 target


QUALITY

Victoria represented in major industrial relations cases and inquiries


TIMELINESS

Review and assessment of submitted public sector enterprise bargaining costings and proposed agreements completed and submitted for approval within four weeks

per cent 83 80 4 ü

COST


The 2015-16 result was $1.4 million higher than budget due to additional service delivery costs incurred for the Central Bargaining Unit.





Table 10 Output: Industry and Enterprise InnovationTable 10 represents performance against the Industry and Enterprise Innovation output. This output provides access to information and connections and builds the capacity of businesses and industry to develop and effectively use new practices and technologies to increase productivity and competitiveness in Victoria. It also helps businesses overcome barriers to competitiveness.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Businesses whose growth and productivity issues are resolved by the department

number 1,219 1,200 2 ü

Companies supported by the Future Industries Fund

number 50 100 -50

Commencement of the Future Industries and New Energy Jobs Fund programs was deferred to Quarters 3 and 4 2015-16 to allow for extensive industry consultation to inform the development of the sector strategies and grant programs.

Engagements with businesses number 14,782 14,000 6 ü

The result is due to the number of businesses engaged in the department’s successful trade programs.

Future industry sector strategies delivered

number 8 6 33 ü

The Transport, Defence and Construction Technology sector strategy was split into three separate strategies due to the disparate needs of these sectors, resulting in eight priority sector strategies being released.

Industry roundtables and engagement forums

number 105 45 133 ü

More-thorough and extensive stakeholder engagement was undertaken to inform development of the Future Industry sector strategies.

Number of companies or new entrants supported through the Start Up initiative

number 0 120 -100

LaunchVic was established on 11 March 2016. LaunchVic’s first grant round opened on 11 April 2016 and closed on 6 May 2016. The successful grant applications were announced on 29 August 2016.

Number of major research and evaluation projects completed

number 6 6 0 ü

Proposed to be discontinued in 2015-16; reinstated in accordance with recommendation of PAEC.

Participants engaged during the Small Business Festival Victoria

number 28,416 30,000 -5

Subscriptions to Small Business Victoria E-Newsletter

number 42,978 38,000 13 ü

Strong digital penetration achieved due to linking festival and newsletter promotions to drive customer engagement.



Unit of measure

2015-16 actual

2015-16 target


QUALITY

Client satisfaction of small business information, referral, mentoring service and business programs

per cent 90 90 0 ü

Client satisfaction with Victorian Small Business Commission mediation service


Reflects the participants’ recognition of the value of the high-quality, low-cost and timely dispute-resolution process provided.

Client satisfaction with the Victorian Government Business Offices

per cent 81 80 1 ü

Proportion of business disputes presented to the Small Business Commission successfully mediated

per cent 82 75 9 ü

The overall mediation settlement rate reflects a range of factors not within the control of the VSBC including the type of disputes lodged with the VSBC, the amount, issues in dispute, and good faith participation by the parties.

COST


The 2015-16 result was $22 million lower than budget mainly due to timing differences in expenditure in the Future Industries Fund.





Table 11 Output: Major ProjectsTable 11 represents performance against the Major Projects output. This output facilitates investment in the Victorian economy through the development, delivery and management of economic assets. This output represents activities undertaken by Major Projects Victoria (MPV) and the Investment and Economic Projects division of the department. Output costs include the cost of projects for which Major Projects Victoria has financial responsibility.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Major projects in delivery or development at 1 July by Major Projects Victoria and the Major Projects Division

number 20 15 33 ü

Major Projects Victoria commenced development work on additional projects including Ballarat Emergency Services Hub, Ballarat West Employment Zone – Freight Hub and Flinders Street Station Administration Building.

QUALITY

Major Projects Victoria projects, with contracts in place as of 1 July, that have had less than five per cent variation in contracted cost from 1 July

number 3 4 -25

There was a variation in the contracted cost of the Melbourne Park Redevelopment – Administration and Media Building for the Level 6 fit-out, funded by Melbourne and Olympic Park Trust and Tennis Australia.

Major Projects Victoria projects, with contracts in place as of 1 July, that have had no material variation in contracted scope from 1 July

number 3 4 -25

There was a variation in the contracted scope of the Melbourne Park Redevelopment – Administration and Media Building for the level 6 fit-out, funded by Melbourne and Olympic Park Trust and Tennis Australia.

Melbourne Markets Project – less than five per cent variation in contracted time and budget from 1 July and no material variation in contracted scope from 1 July

number 3(i) 3 0 ü

TIMELINESS

Major Projects Victoria projects, with contracts in place as of 1 July, that have had less than five per cent variation in contracted time from 1 July

number 1 4 -75

There was a change in contracted time to the Parkville Gardens project as sales have slowed; a change in contracted time for the Melbourne Markets Capital Operational Infrastructure Works due to design changes; and a change in contracted time for the Kew Residential Services Project due to revised timelines for the granting of a heritage permit.

COST




(i) The 2015-16 target of three relates to the three project measures of scope, budget and time


Table 12 Output: Regional DevelopmentTable 12 represents performance against the Regional Development output. This output guides the development and implementation of regional plans and strategies to manage growth and change in regional and rural Victoria. It provides better services to encourage innovation in that creates jobs and improves career opportunities for regional Victorians.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Actual export sales generated for regional businesses as a result of participation in government programs

$ million 69 50 39 ü

The higher result reflects a number of export-intensive projects facilitated during the year including from participation in the department’s trade mission program.

Economic development and service delivery projects supported

number 128 120 7 ü

Seven of the eight additional projects were funded as part of the response to 2015-16 bushfires.

Employment in regional Victoria resulting from government investment facilitation services and assistance

number 1,211 1,200 1 ü

New investment in regional Victoria resulting from government facilitation services and assistance

$ million 800 700 14 ü

The higher result reflects a number of investment-intensive projects during the year relating to Energy and Food and Fibre sectors.

QUALITY

Participant satisfaction with implementation of Regional Development Victoria programs

per cent 90 90 0 ü

COST






Table 13 Output: Tourism, Major Events and International EducationTable 13 represents performance against the Tourism, Major Events and International Education output. This output maximises employment and the long-term economic benefits of tourism, international education and major events to Victoria by developing and marketing the state as a competitive destination.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Links to Tourism Victoria consumer sites number (million)

1.85 1.85 0.00 ü

Major sporting and cultural events facilitated

number 18 >12 50 ü

Fourteen major sporting events were facilitated and four major cultural events secured, including events additional to the original 2015-16strategy such as the National Gallery of Victoria Summer Program.

Number of domestic overnight visitors number (million)

21.8 20.9 4.3 ü

Number of visitors (international) number (million)

2.5 2.3 8.7 ü

Annual growth in international visitors to Victoria was stronger than expected, driven by strong performances from key markets such as China and Singapore.

Proportion of all international students studying in Victoria

per cent 30 29 4 ü

Visitor Expenditure: domestic $ billion 16.4 16.6 -1.2

Visitor Expenditure: international $ billion 6.7 5.4 24.1 ü

Annual growth in international visitor expenditure was stronger than expected, driven by very strong growth from key markets such as China and Singapore.

Visitor Expenditure: regional Victoria (domestic)

$ billion 7.9 8.1 -2.5

Visitor Expenditure: regional Victoria (international)

$ million 402 400 1 ü

Visitors to Tourism Victoria consumer websites

number (million)

8.5 9.4 -9.6

Due to the increased use of social media and changes to the layout of Australia.com (where internet users are no longer directed to state-specific content) website views have reduced.

QUALITY

Value of media coverage generated: domestic


Proposed to be discontinued in 2015-16; reinstated in accordance with the recommendation of PAEC.

Value of media coverage generated: international


Investment by Tourism Victoria and Tourism Australia in large scale broadcast projects have returned significant publicity value. Proposed to be discontinued in 2015-16; reinstated in accordance with the recommendation of PAEC.



Unit of measure

2015-16 actual

2015-16 target


TIMELINESS

Completion of post-event reports and economic impact assessments of each event (where required) within agreed timeframes


COST


The 2015-16 result was $118.6 million higher than budget mainly reflecting funding received for the delivery of major events.



Table 14 Output: TradeTable 14 represents performance against the Trade output. This output promotes business growth opportunities by connecting organisations to global business opportunities in priority markets and supporting the establishment and deepening of strategic commercial partnerships.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Actual export sales generated as a result of participation in government programs

$ million 459 400 15 ü

The higher result reflects a number of export-intensive projects facilitated during the year including from participation in the department’s trade mission program.

Clients engaged in export and trade programs

number 2,434 2,400 0 ü

International delegates participated in the inbound trade mission program

number 615 500 23 ü

A larger-than-anticipated number of international delegates participated in the highly successful Victorian Invitation Program (VIP) in March 2016.

International trade marketing campaigns to position Victoria globally

number 11 11 0 ü

QUALITY

Client satisfaction with export assistance offered

per cent 92 90 3 ü

COST


The 2015-16 result was $2.7 million higher than budget due to a reallocation from other outputs.





ObjectiveMore productive, competitive and sustainable food, fibre, energy and resources industries

This objective seeks to create the conditions for increased productivity and access to markets for Victoria’s food and fibre industries, achieve a growing and sustainable earth resources sector through efficient and effective regulation, and deliver a safe, reliable and competitive energy sector for Victoria.

The department aims to create the conditions for productive, competitive and sustainable food, fibre, energy and natural resources industries.

The value of Victorian agriculture production increased to $13.1 billion in 2014-15 (the latest available data) which is an increase of almost four per cent compared with 2013-14 (Figure 13). The value of food and fibre exports from Victoria increased by almost two per cent to $11.6 billion in 2014-15, an increase of $282 million compared with 2013-14 (Figure 15). These improvements were achieved despite the continuation of difficult conditions in the sector including drought and volatile export markets.

In 2016 the Victorian Government provided more than $38 million over two years for assistance to farmers affected by drought and dairy farmers affected by low milk prices in the form of business management support, financial counselling, mental health services and community events. In addition, the department delivered extension services to more than 5000 farmers, encompassing a range of activities focused on improving production and sustainability. These activities include technically-oriented discussion groups, on-farm demonstrations, accredited training, workshops and seminars.

The Victorian Government, Dairy Australia and key industry partners have agreed to invest $12.5 million per annum over the five years commencing in 2016 in DairyBio, an initiative that will drive future innovations in forage and dairy herd genetic improvement.

Protecting the value of Victoria’s agriculture production as well as food and fibre exports, the department effectively responded to 91 biosecurity events, incursions and emergencies in 2015-16. This included the confirmed detection of 61 new state-prohibited weed (SPW) sites across Victoria. Biosecurity operational resources were also redirected to assist plant biosecurity emergency responses such as to Giant Pine Scale, blue-green algae, and the Russian Wheat Aphid infestation. Plant pest, disease and residue control programs were maintained to ensure that Victorian agricultural produce complies with the food safety and biosecurity standards required to access markets. Nearly 600 investigations were undertaken of suspect emergency plant pests, with six requiring an emergency response.

In June 2016, the Premier announced that, by 2020, 25 per cent of electricity generated in Victoria will come from renewable energy, increasing to 40 per cent by 2025. This compares to the 2015-16 actual level of 15.2 per cent. To support an increase in renewable energy in Victoria, a new auctions scheme to encourage renewable energy investment was also announced. The renewable energy targets and auctions scheme forms part of the Renewable Energy Action Plan to be released later in 2016.

The New Energy Technologies Sector Strategy was released in March 2016, as part of the government’s approach to transforming Victoria’s energy sector and increasing the level of renewable energy generation.

Frankston Life Saving Club was the first lifesaving club to install solar panels through the Victorian Government’s Community Renewables Solar Grants initiative launched in January 2016, with a five kilowatt system installed by April 2016. Forty-two lifesaving clubs have been successful in securing grants under this renewable energy program.

A trial of Australia’s first home energy efficiency rating tool was completed in April 2016. The Residential Efficiency Scorecard was tested at 45 homes in Melbourne’s northern suburbs as part of the Victorian Government’s energy efficiency and productivity work program. The scorecard will be officially launched later in 2016 and is designed to help save energy costs to households.

Minerals and extractives produce approximately $1.3 billion in production value for the state (Figure 14). To stimulate new growth and investment, the Minister for Resources announced the award of five exploration grants totalling $2 million for Round 1 of the TARGET initiative on 28 June 2016. The grants focus on new exploration investment in the Stavely geological province in western Victoria, with the potential to identify new development opportunities in Victoria’s earth resources.

A new $2.2 million Batter Stability project was launched in April 2016. This research project will conduct technical studies of the Latrobe Valley coal mine sloping pit walls over a five-year period. The findings from this project will improve mine safety and inform future mine rehabilitation.

A new cash bond option as an alternative to guarantees was announced in December 2015 to enable small-scale miners and quarry operators to reduce their costs. This option will apply where the cost of mine sites’ environmental rehabilitation works are assessed up to a liability of $20,000. Approximately 800 operators across Victoria will be eligible to apply.

The Agriculture and Energy and Resources outputs contribute to this objective.


Table 15 Progress toward the objective


Relative share of Victorian energy sourced from renewables

Renewable energy generation in Victoria as a percentage of total electricity generation (per cent)

12.2 12.8 12.6 15.2

Value of Victorian agriculture production

Gross value of Victorian agriculture production ($ billion)

11.6 12.6 13.1 Data available in March

2017

Value of Victorian earth resources production

By commodity type (minerals and extractives) –production value for the period as reported through statutory returns ($ million)

1,397.1 1,323.1 1,319.9 Data available

in October 2016

Value of Victorian food and fibre exports

Food and fibre exports from Victoria ($ billion)

9.4 11.4 11.6 Data available

in October 2016

Figure 12 Relative share of Victorian energy sourced from renewables

10

11

12

13

14

15

16

2015-162014-152013-142012-13

Per

cen

t

Year

Figure 13 Value of Victorian agriculture production

11.0

11.5

12.0

12.5

13.0

13.5

2015-162014-152013-142012-13

$ b

illio

n

Year



Figure 14 Value of Victorian earth resources production

1,300

1,320

1,340

1,360

1,380

1,400

1,420

2015-162014-152013-142012-13

$ m

illio

n

Year

Figure 15 Value of Victorian food and fibre exports (in 2014-15 ‘Value of Victorian agricultural exports’)

9.0

9.5

10.0

10.5

11.0

11.5

12.0

2015-162014-152013-142012-13

$ b

illio

n

Year


Table 16 Output: AgricultureTable 16 represents performance against the Agriculture output. This output creates conditions for increased jobs, productivity and access to markets for Victoria’s food and fibre industries. The department works with research and industry partners, primary producers and rural communities across Victoria to address major and emerging challenges in productivity, biosecurity and competitiveness in food and fibre industries.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Animal pest, disease and residue control programs maintained to ensure Victorian agricultural produce complies with food safety and biosecurity standards required to access markets

number 5 5 0 ü

Applications for intellectual property protection

number 16 16 0 ü

Client interactions with land health services

number 3,858 1,700 127 ü

There was increased client demand for drought support and services.



Unit of measure

2015-16 actual

2015-16 target


Clients engaged with agriculture productivity services

number 5,078 5,100 0 ü

Commercial technology licence agreements finalised

number 16 16 0 ü

Farms and related small businesses facing significant adjustment pressures supported to make better-informed decisions by the Rural Financial Counselling Service

number 1,700 1,700 0 ü

The 2015-16 actual shows an estimate based on quarterly client numbers from the Commonwealth Australian Rural Counselling Database; does not include data for the final quarter of the 2015-16 financial year.

Genetic improvement of dairy cows achieved through breeding contributing to increased milk production and dairy productivity

per cent 1 1 0 ü

Improved agricultural productivity services, programs and products developed

number 10 10 0 ü

Inspections or audits of scientific establishments undertaken to provide assurance of compliance with relevant industry standards for animal welfare

number 17 25 -32

Two audits identified complex non-compliance with two scientific establishments. There were also two formal investigations into research premises that required significant resources. Amendments to the Prevention of Cruelty to Animals Act 1986 also affected resourcing which reduced the capacity to complete the planned program of inspections and audits. A regulatory reform project is underway and is introducing an improved audit scheme for scientific establishments.

Key bioscience platform technologies established

number 2 1 100 ü

A next-generation sequencing facility for agribioscience applications was established and officially opened at AgriBio. Strong project management enabled earlier completion of the establishment of the next-generation mass-spectrometry capability for molecular phenomics applications. The result demonstrates the high calibre of work undertaken and efficient use of resources by the department.

Known state prohibited weed sites monitored and treated in line with the relevant weed action plan


Strong planning and resource allocation ensured monitoring and treatment was aligned with seasonal timing.

New or amended Interstate Certificate Assurance (ICA) or other market access accreditations developed to restore or enable trade

number 4 2 100 ü

The number of new ICA or other market access accreditations developed or amended is driven by a number of factors not directly influenced by the department, including industry demand, external influences (changes to chemical regulations) and in response to new pests and diseases.

Plant health certificates issued for Melbourne Markets to support domestic market access

number 5,042 7,000 -28

The number of plant health certificates issued is driven by private sector demand by growers and wholesalers.

Plant pest, disease and residue control programs maintained to ensure Victorian agricultural produce complies with food safety and biosecurity standards required to access markets

number 6 6 0 ü




Unit of measure

2015-16 actual

2015-16 target


Postgraduate-level/PhD students in training

number 77 65 18 ü

The higher result is due to improved collaboration and partnerships with key universities and industry stakeholders, including enhanced collaboration opportunities arising from the AgriBio partnership with La Trobe University.

Properties inspected for invasive plant and animal priority species

number 2,516 3,800 -34

Number of inspections was reduced mainly due to the diversion of operational resources to assist high-priority biosecurity emergency response and market access activities such as the giant pine scale response.

Scientific and technical publications in international and/or peer review journals that promote productive agriculture

number 328 260 26 ü

A number of large projects concluded in the 2015-16 financial year, resulting in a higher number of scientific and technical publications published in review journals.

Significant interactions with Victorian agri-food companies and exporters, international customers and trading partners that facilitate export and investment outcomes for Victoria

number 260 250 4 ü

Strategies developed to overcome identified trade barriers

number 7 7 0 ü

Value of external (non-state) funding contribution to research projects that support productive agriculture


QUALITY

Client satisfaction rating of agricultural productivity services

number 8 >8 0 ü

National biosecurity, agriculture/veterinary chemical use and animal welfare programs implemented in accordance with agreed plans


Satisfaction rating of industry investors in agriculture productivity research and development

number 7 >6 17 ü

Achieved through closer planning and monitoring of research and development with industry investors, particularly through long-term partnerships.

TIMELINESS

Animal health certificates issued within specified timeframes to support international market access

per cent 100 >90 11 ü

All 5,755 properties cleared for livestock exports for the financial year were cleared within specified timelines.

Initial action taken to respond to reported emergency animal and plant pest, disease and natural disaster incidents complies with national agreements and obligations




Unit of measure

2015-16 actual

2015-16 target


Provision of technical advice, diagnostic identification tests on pests and diseases including suspected exotics within agreed timeframes


Enhanced timeliness in diagnostic service turnaround – a prime factor for customer satisfaction – was facilitated by co-locating diagnostics capabilities at AgriBio.

Research project milestones and reports completed on time


Improved management approaches and systems support led to the achievement of project milestone and associated reporting.

COST


The 2015-16 result was $54.6 million higher than budget mainly due to the department recognising an expense in 2015-16 in relation to La Trobe University prepaying its capital contribution to the Biosciences Research Centre public private partnership. This is in part offset by timing differences in project expenditure.



Table 17 Output: Energy and ResourcesTable 17 represents performance against the Energy and Resources output. This output influences and advocates for the provision of efficient, reliable and safe energy services through national forums and delivers state-based energy programs. It supports the development of renewable energy, improving energy efficiency and productivity outcomes for households and businesses and facilitating new investment opportunities. The output also provides efficient and effective regulatory services to industry, promotes a sustainable resources sector and provides information to households and businesses and undertakes community engagement.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Community and stakeholder engagement information forums

number 34 25 36 ü

Due to a higher number of stakeholder and community forums associated with the Stavely minerals exploration initiative in Western Victoria and increased engagements with local councils on extractive resources and risk-based work plans.

Delivery of Advanced Metering Infrastructure program in line with planned project milestones


Delivery of key milestones for the Powerline bushfire safety work program


QUALITY

Exploration and mining licences which are not active

per cent 17.0 <17.5 -2.8 ü

TIMELINESS

Delivery of key CarbonNet milestones, in line with funding agreements and agreed project deliverables

per cent 43 100 -57

Due to the Greenhouse Gas Storage acreage process not being completed and delays associated with the coal programs review. The State and the Commonwealth are revising key program milestones for 2016-17.




Unit of measure

2015-16 actual

2015-16 target


Delivery of key milestones for the energy efficiency and productivity work program


Delivery of key milestones for the renewable energy work program


Facilitate the delivery of key energy technology innovation milestones in line with grant agreements

per cent 94 100 -6

One of sixteen milestones for the year was not achieved due to technical issues associated with the replacement of damaged equipment. This milestone will be re-scheduled to 2016-17.

Industry geoscience data packages released for minerals and petroleum sectors consistent with agreed timelines

number 7 6 17 ü

An additional geoscience data package to support the Stavely minerals exploration initiative was delivered.

Percentage of exploration licence applications, mining industry work plans and mining licence applications processed within regulatory timeframes

per cent 71 >95 -25

Due to the additional time required to respond to licence application objections raised by members of the community. The department has introduced new processes to improve processing times to meet statutory timeframes in the future.

Regulatory audits completed within agreed timelines


COST


The 2015-16 result was $45.2 million lower than budget mainly due to timing of payments for projects including CarbonNet and Advanced Lignite.




Table 18 Output: Sustainably Manage Fish, Game and Forest ResourcesTable 18 represents performance against the Sustainably Manage Fish, Game and Forest Resources output. This output creates the conditions to grow the natural resources economy by ensuring forestry, fish and game resources are sustainably allocated and used for both recreational and commercial purposes.


Unit of measure

2015-16 actual

2015-16 target

Performance variation (%) Result

QUANTITY

Better Fishing Facilities projects underway

number 36 30 20 ü

The first year of the Better Fishing Facilities grants program was very successful, attracting strong interest from a number of delivery partners. This is reflected by a higher number of funded projects than was initially anticipated.

Complete stock assessment for key quota managed fish species

number 3 3 0 ü

Complete total allowable commercial catch setting processes for key quota managed fish species

number 3 3 0 ü

Develop, implement and review overarching fisheries compliance strategy

number 1 1 0 ü

Enhance levels of community participation in achieving fisheries compliance through calls to the 13FISH reporting line

number 1,781 1,500 19 ü

The 13FISH Fisheries Intelligence Reporting Line is an important component of the fisheries compliance approach, providing a mechanism for members of the public to report suspected fisheries offences. Annual call volumes have varied from 1,400 to 1,700 calls per year over the ten years from 2006. Call volumes can be influenced by duration and location of major compliance operations, Fisheries Officer patrol patterns, and seasonal conditions.

Key fisheries managed in accordance with best practice management plans

number 3 5 -40

Management plans are in place for the rock lobster, abalone and giant crab fisheries. A new Port Phillip Bay Dive Scallop Fishery Management Plan is in progress but requires further consideration. A new Freshwater Fishery Management Plan will be developed in 2016-17.

Minimum number of Uniformed Fisheries Officers maintaining operational coverage for priority fishing activity periods, as defined by the Compliance Strategic Assessment

number 12 17 -29

Fisheries Officer vacancies over the majority of 2015-16 limited overall delivery capacity. Eight new recruits commenced duty in April 2016. Proposed to be discontinued in 2015-16; reinstated in accordance with the recommendation of PAEC.

Undertake activities to detect, disrupt and dismantle serious or organised fisheries criminal entities (individuals or groups)

number 32 10 220 ü

Due to additional capacity to initiate new detection operations after the prosecution phase of Operation Quantum was completed in the first half of 2016. Activities were largely focused on offences involving the unauthorised take of commercial quantities of priority species.




Unit of measure

2015-16 actual

2015-16 target

Performance variation (%) Result

QUALITY

Co-investment in Better Fishing Facilities projects

per cent 62 >30 107 ü

The high level of co-investment is primarily attributable to a significant investment contribution from delivery partners, including Melbourne Water, Parks Victoria and Transport Safety Victoria, in a large boat ramp project at Kirks Point, Werribee.

Key statutory obligations relevant to VicForests and the Game Management Authority complied with (tabling annual reports, audits, corporate plans and board appointments)


TIMELINESS

Proportion of Fisheries cost recovery levies reviewed and set prior to the commencement of the licensing year (1 April)


COST


The 2015-6 result was $24.1 million higher than budget mainly due to compensation payments in 2015-16 to commercial fishers.



Additional comments on output performance measures In 2015-16, the department completed 98 per cent of regulatory audits within agreed timelines against its target of greater than 95 per cent. The audit program targeted mining and quarry sites with high-risk tailing (residual ore material) storage facilities. Of 159 audits completed during 2015-16, 98 high-risk-targeted audits, 58 critical-compliance audits and three geotechnical audits were completed.

The percentage of exploration licence applications, mining industry work plans and mining licence applications processed within regulatory timeframes achieved 71 per cent against a target of greater than 95 per cent. The 71 per cent represented a total of 49 approvals, consisting of 20 work plans, 11 work-plan variations, and 18 licence applications. The underperformance was due to the additional time required to respond to objections made by the community to a number of licence applications. The department has introduced new processes to improve processing times to meet statutory timeframes in the future.

In 2015-16, 15 of 16 key milestones were delivered under the energy technology innovation program in line with grant agreements. This included four milestones for the Sustainable Energy Research and Development program, eight milestones for the Sustainable Energy Pilot Demonstration program, three milestones for the Low Emissions Energy Technology program and one milestone for the Advanced Lignite Demonstration Program. The milestones largely relate to the completion of quarterly reports and other progress reports, financial commitments and a commitment guarantee. The one milestone not achieved was due to technical issues associated with replacing a damaged undersea cable for a pilot demonstration project.


ObjectiveMore productive and liveable cities and regions through improved transport services and better infrastructure

This objective seeks to enhance the lives of Victorians, making Victoria more productive and liveable through improved transport services and better infrastructure.

The department and its portfolio agencies achieve this by providing a safe, cost-effective, efficient and integrated transport network.

Melbourne’s improved transport network, making Victoria more productive and liveable, is reflected by an increase in customer satisfaction across the metropolitan modes (Figure 23, Figure 24 and Figure 25). The efficiency of Victoria’s transport system is demonstrated by the delivery of a minimum 96.6 per cent of scheduled services across the tram, train and bus networks (Figure 30, Figure 31 and Figure 32). The more services delivered, the shorter the waiting time experienced by passengers on the transport network. Road congestion has increased in metropolitan Melbourne, with the greatest increase occurring during the afternoon peak period, leading to a reduction in punctuality (Figure 29) that also affected the bus network (Figure 27 and Table 19). Regional train punctuality was also affected by the V/Line infrastructure and wheel-wear issues (Figure 26). Full restoration of V/Line services occurred on 26 June 2016. Despite the increased congestion, service punctuality for trams improved from previous years (Figure 28), exceeding the full year 2015-16 target.

The current capital program and pending creation of a new central agency within DEDJTR, Transport for Victoria (TFV), demonstrates the government’s commitment to creating a more productive and liveable state. An improved integrated transport system, with an increase in services and punctuality, will move many more people and goods around the state more efficiently and effectively, connecting people to jobs and services in their communities.

All road maintenance programs have been completed, including maintenance of the additional kilometres of road (Figure 17 and Figure 18), improving both infrastructure and the road network to make Victoria more liveable. In 2015-16, particular focus was given to regions through the acceleration of pavement rehabilitation works brought forward from 2016-17 as part of a new Eastern and South Victoria Maintenance Alliance Agreement. This has resulted in an improvement to the proportion of distressed regional roads (Figure 16). However, there was an increase in distressed road pavements for the metropolitan area, due to the rate of deterioration being greater (because of increasing traffic volumes) than the rate at which roads are being maintained.

A safer transport network, with fewer fatalities and injuries improves the lives of Victorians and reduces negative consequences to productivity through travel delays. There was continued support of road safety programs targeting both infrastructure and road users in 2015-16. Additional road safety programs, such as the Towards Zero Campaign, have been introduced to promote safer behaviour and address the increase in fatalities (Figure 21).

A number of outputs contribute to this objective including Bus Services, Train Services, Tram Services, Road Asset Management, Road Operations and Network Improvements, Integrated Transport, Port and Freight Network Access and Transport Safety, Security and Emergency Management.





Distressed freeway and arterial road surfaces

Proportion of distressed road pavements: metropolitan (per cent)

7.6 7.4 7.5 8.1

Proportion of distressed road pavements: regional (per cent)

7.4 8.0 7.5 7.4

Road network maintained: metropolitan (lane-km)

11,852 12,196 12,302 12,308

Road network maintained: regional (lane-km)

41,659 41,415 41,435 41,495

Percentage of annual road maintenance programs completed within agreed timeframes: metropolitan (per cent)

100 100 100 100

Percentage of annual road maintenance programs completed within agreed timeframes: regional (per cent)

100 100 100 100

Fatalities and serious injuries on the transport network reduced

Fatalities on the transport network

Data not available

261 256 276

Serious injuries on the transport network

Data not available

5,254 5,030 Data available in

December 2016

Public transport customer satisfaction

Customer satisfaction index: metropolitan train (per cent)

67.0 69.6 71.5 72.3

Customer satisfaction index: metropolitan bus (per cent)

75 76 76 77

Customer satisfaction index: tram (per cent)

73 74 75 76

Customer satisfaction index: regional train (per cent)

75.8 76.1 76.3 75.9

Customer satisfaction index: regional coach (per cent)

82 82 83 82

Public transport services delivered on time

Service punctuality: metropolitan train (per cent)

92.1 93.1 92.7 92.5

Service punctuality: metropolitan bus (per cent)

94 92 93 79

Service punctuality: tram (per cent)

81.7 82.9 83.0 83.7

Service punctuality: regional train (per cent)

84 88 90 87

Service punctuality: regional bus (per cent)

94 95 95 95

Punctuality of the metropolitan road network

Travel time punctuality: metropolitan roads (per cent)

Data not available

83.2 83.1 80.3

Scheduled public transport services delivered

Scheduled services delivered: metropolitan train (per cent)

98 99 99 99



Scheduled services delivered: metropolitan bus (per cent)

100.0 100.0 99.9 99.9

Scheduled services delivered: tram (per cent)

99.0 98.9 99.1 98.8

Scheduled services delivered: regional train (per cent)

97.4 98.2 98.6 96.6

Scheduled services delivered: regional bus (per cent)

100.0 100.0 99.0 99.9

Transport projects delivery complies with agreed scope, timeframes and budget

Transport projects completed within agreed scope, timeframes and budget (per cent)

Data not available

Data not available

Data not available

75

Figure 16 Proportion of distressed road pavements: metropolitan and proportion of distressed road pavements: regional

7.0

7.2

7.4

7.6

7.8

8.0

8.2

Proportion of distressed road pavements: metropolitan

Proportion of distressed road pavements: regional

2015-162014-152013-142012-13

Per

cen

t

Year

Figure 17 Road network maintained: metropolitan

11,600

11,700

11,800

11,900

12,000

12,100

12,200

12,300

12,400

2015-162014-152013-142012-13

lan

e-k

ilom

etre

s

Year



Figure 18 Road network maintained: regional

41,250

41,300

41,350

41,400

41,450

41,500

41,550

41,600

41,650

41,700

2015-162014-152013-142012-13

lan

e-k

ilom

etre

s

Year

Figure 19 Percentage of annual road maintenance programs completed within agreed timeframes: metropolitan

75

80

85

90

95

100

2015-162014-152013-142012-13

Per

cen

t

Year

Figure 20 Percentage of annual road maintenance programs completed within agreed timeframes: regional

75

80

85

90

95

100

2015-162014-152013-142012-13

Per

cen

t

Year


Figure 21 Fatalities on the transport network

245

250

255

260

265

270

275

280

2015-162014-152013-142012-13

Nu

mb

er

Year

Figure 22 Serious injuries on the transport network

4,900

4,950

5,000

5,050

5,100

5,150

5,200

5,250

5,300

2015-162014-152013-142012-13

Nu

mb

er

Year

Figure 23 Customer satisfaction index: metropolitan train and customer satisfaction index: regional train

65

70

75

80

85

Customer satisfaction index: metropolitan train

Customer satisfaction index: regional train

2015-162014-152013-142012-13

Sco

re

Year



Figure 24 Customer satisfaction index: bus and customer satisfaction index: regional coach

65

70

75

80

85

Customer satisfaction index: bus

Customer satisfaction index: regional coach

2015-162014-152013-142012-13

Year

Sco

re

Figure 25 Customer satisfaction index: tram

65

70

75

80

85

2015-162014-152013-142012-13

Sco

re

Year

Figure 26 Service punctuality: metropolitan train and service punctuality: regional train

75

80

85

90

95

100

Service punctuality: metropolitan train

Service punctuality: regional train

2015-162014-152013-142012-13

Per

cen

t

Year


Figure 27 Service punctuality: metropolitan bus and service punctuality: regional bus

75

80

85

90

95

100

Service punctuality: metropolitan bus

Service punctuality: regional bus

2015-162014-152013-142012-13

Year

Per

cen

t

Figure 28 Service punctuality: tram

75

80

85

90

95

100

2015-162014-152013-142012-13

Year

Per

cen

t

Figure 29 Punctuality of the metropolitan road network

75

80

85

90

95

100

2015-162014-152013-142012-13

Year

Per

cen

t



Figure 30 Scheduled services delivered: metropolitan train and scheduled services delivered: regional train

95

96

97

98

99

100

Scheduled services delivered: metropolitan train

Scheduled services delivered: regional train

2015-162014-152013-142012-13

Year

Per

cen

t

Figure 31 Scheduled services delivered: metropolitan bus and scheduled services delivered: regional bus

95

96

97

98

99

100

Scheduled services delivered: metropolitan bus

Scheduled services delivered: regional bus

2015-162014-152013-142012-13

Year

Per

cen

t

Figure 32 Scheduled services delivered: tram

95

96

97

98

99

100

2015-162014-152013-142012-13

Year

Per

cen

t



Table 20 Output: Bus ServicesTable 20 represents performance against the Bus Services output. This output delivers reliable and cost-effective, statewide bus services and infrastructure investments, including services delivered through contractual arrangements with private operators.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Passengers carried: metropolitan bus services

number (million)

122.5 129.5 -5.4

There has been a decline in patronage across the metropolitan bus network because of lower petrol prices, unequal job distribution in outer areas and lower wage growth.

Passengers carried: regional bus services

number (million)

14.7 15.8 -7.0

The 2015-16 target was set, based on an incorrect historical baseline. The 2014-15 actual of 14.5 million was incorrectly published in the Department of Economic Development, Jobs, Transport and Resources Annual Report 2014-15 as 15.4 million. The 2015-16 full-year target was based on 15.4 million.

Payments made for: metropolitan bus services

$ million 630 644 -2 ü

Payments made for: regional bus services

$ million 107 110 -3 ü

Public transport network improvement: minor projects completed – bus

number 2 2 0 ü

Scheduled services delivered: metropolitan bus

per cent 99.9 99.9 0.0 ü

Scheduled services delivered: regional bus


Scheduled services delivered: school bus per cent 98 99 -1

Total kilometres scheduled: metropolitan bus

km (million) 113.3 112.8 0.4 ü

Total kilometres scheduled: regional bus km (million) 24.8 24.6 0.8 ü

Total kilometres scheduled: school bus km (million) 30.7 31.1 -1.3

QUALITY

Customer satisfaction index: metropolitan bus services

score 77 76 1 ü

Customer satisfaction index: regional coach services

score 82 81 1 ü

TIMELINESS

Service punctuality for: metropolitan bus services

per cent 79 85 -7

Due to many metropolitan bus routes requiring significant timing revisions to accurately reflect current traffic conditions.

Service punctuality for: regional bus services

per cent 95 94 1 ü

COST

Total output cost $ million 1,049.9 1,032.8 1.7





Table 21 Output: Integrated TransportTable 21 represents performance against the Integrated Transport output. This output delivers strategic transport infrastructure activity to improve the transport system.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Integrated transport planning to support urban renewal projects

number 6 6 0 ü

Level Crossing Removal Project: Milestones delivered in accordance with agreed budget and timelines


Planning projects for other major transport infrastructure

number 5 5 0 ü

QUALITY

Melbourne Metro Rail Project – planning and development: Milestones delivered in accordance with agreed budget and timelines


COST


The 2015-16 result was $4.3 million lower than budget due to realignment of project costs across outputs and timing differences of project expenditure.




Table 22 Output: Port and Freight Network AccessTable 22 represents performance against the Port and Freight Network Access output. This output delivers capital initiatives and programs to increase the capacity, efficiency and safety of the ports, freight and logistics network.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Annual Boating Safety and Facilities Grant Program funding committed


Containers transported by rail under the Mode Shift Incentive Scheme program

number 42,830 50,000 -14

Due to changes in contractual arrangements since the target was set.

Number of months per year average channel depth at Lakes Entrance meets standards

number 9 9 0 ü

Road-based freight accessibility and reliability improvement projects completed

number 3 6 -50

Due to delays in the initial project stages.

QUALITY

Number of accessible local ports number 14 14 0 ü

Road-based freight accessibility and reliability projects completed within specified scope and standards


TIMELINESS

Delivery of a Metropolitan Intermodal System – Market Engagement

date Not applicable

To be confirmed

Not applicable

This performance measure does not apply until the Port of Melbourne lease is finalised.

Road-based freight accessibility and reliability projects completed within agreed timeframes


COST


The 2015-16 result was $36.8 million higher than budget mainly due to additional funding for the National Heavy Vehicle Regulator and the Gippsland Lakes Ocean Access project, and carry-over of funding from 2014-15 for the Boating Safety Facilities program. This is in part offset by timing differences in project expenditure.





Table 23 Output: Road Asset ManagementTable 23 represents performance against the Road Asset Management output. This output delivers programs and initiatives to maintain Victoria’s freeways and arterial road network. Activities support the safety and reliability of the network.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Bridges maintained: metropolitan number 938 927 1 ü

Bridges maintained: regional number 2,258 2,245 1 ü

Pavement resurfaced: metropolitan m2 (000) 1,416 1,280 11 ü

Due to obtaining a competitive market rate, leading to a greater return on investment.

Pavement resurfaced: regional m2 (000) 9,990 8,490 18 ü

Due to an acceleration of pavement rehabilitation works, brought forward from 2016-17 under the new Eastern and South Victoria Maintenance Alliance Agreement.

Road network maintained: metropolitan lane-km 12,308 12,302 0 ü

Road network maintained: regional lane-km 41,495 41,433 0 ü

QUALITY

Bridges that are acceptable for legal load vehicles: metropolitan

per cent 99.6 99.6 0.0 ü

Bridges that are acceptable for legal load vehicles: regional

per cent 99.6 99.6 0.0 ü

Proportion of distressed road pavements: metropolitan

per cent 8.1 7.5 8.0

Due to a deteriorating asphalt network and increasing traffic volumes.

Proportion of distressed road pavements: regional

per cent 7.4 8.3 -10.8 ü

Due to an acceleration of works, brought forward from 2016-17 under the Eastern and South Western Victoria Maintenance Alliance Agreement.

TIMELINESS

Annual road maintenance program completed within agreed timeframes: metropolitan


Annual road maintenance program completed within agreed timeframes: regional


COST


The 2015-16 result was $35.2 million higher than budget mainly due to higher-than-expected land tax expenditure.




Table 24 Output: Road Operations and Network ImprovementsTable 24 represents performance against the Road Operations and Network Improvements output. This output delivers network improvement initiatives to enhance and develop Victoria’s freeways, arterial road network and strategic local road connections. Activities support improvements to the safety and reliability of the network.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Bridge strengthening and replacement projects completed: metropolitan

number 6 4 50 ü

New projects were added to the program of works after the target had been set, and have been completed.

Bridge strengthening and replacement projects completed: regional

number 5 7 -29

Adverse weather conditions have delayed two projects.

Congestion projects completed number 6 6 0 ü

Cycling projects completed number 2 3 -33

Due to delays in the project planning stages.

Major road improvement projects completed: metropolitan

number 2 1 100 ü

The Dingley Bypass – Warrigal Road to Westall Road was completed five months ahead of schedule.

Major road improvement projects completed: regional

number 2 1 100 ü

Due to two projects being added to the program of works (and completed) after the target had been set; and one project being rescheduled for completion in 2016-17.

Other road improvement projects completed: metropolitan

number 3 3 0 ü

Other road improvement projects completed: regional

number 12 10 20 ü

Seven projects were added to the program of works (and completed) after the 2015-16 target had been set; five projects have been rescheduled for completion in 2016-17.

Pedestrian projects completed number 13 11 18 ü

Five projects were added to the program of works (and completed) after the 2015-16 target had been set; three projects have been rescheduled for completion in 2016-17.

QUALITY

Road projects completed within agreed scope and standards: metropolitan

per cent 98 98 0 ü

Road projects completed within agreed scope and standards: regional

per cent 98 98 0 ü

TIMELINESS

Programmed works completed within agreed timeframes: metropolitan

per cent 95 95 0 ü

Programmed works completed within agreed timeframes: regional

per cent 95 95 0 ü

COST

Total output cost $ million 945.0 1,017.3 -7.1

The 2015-16 result was $72.3 million lower than budget mainly due to a reduction in depreciation expenditure following revaluation of assets and a decline in third-party works.





Table 25 Output: Taxi and Hire Vehicle ServicesTable 25 represents performance against the Taxi and Hire Vehicle Services output. This output delivers safe and accessible taxi and hire vehicle services in metropolitan and regional Victoria through the regulation of drivers and operators by promoting choices available to customers.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Average occupancy rate of metropolitan taxis in December (period of high service demand)

per cent 30 33 -11

There is a greater supply of taxi vehicles and an increased number of alternative transportation service providers.

Average occupancy rate of metropolitan taxis in June (period of low service demand)

per cent 28 30 -6

There is a greater supply of taxi vehicles and an increased number of alternative transportation service providers.

Multi-Purpose Taxi Program: passenger-only trips

number (000) 3,690 3,800 -3

Multi-Purpose Taxi Program: with wheelchair trips

number (000) 974 1,020 -5

Taxi and hire vehicle complaints and other feedback assessed, investigated and closed

number 2,933 3,600 -19

Due to reduced taxi service use and a greater focus on improved complaint handling.

Taxi and hire vehicle compliance and enforcement interventions

number 20,373 20,000 2 ü

Taxi and hire vehicle reform recommendations implemented and completed

number 29 28 4 ü

QUALITY

Average wait time for conventional taxis booked to arrive at peak periods of demand

minutes 9.6 9.9 -3 ü

Average wait time for wheelchair accessible taxis booked to arrive at peak periods of demand

minutes 28 27 3

Taxi services online customer rating: information in taxis

score 61.6 59.2 4.1 ü

Taxi services online customer rating: overall satisfaction in metropolitan Melbourne

score 61.4 60.4 1.7 ü

Taxi services online customer rating: overall satisfaction in regional Victoria

score 72.7 72.3 0.6 ü

Taxi services online customer rating: safety and comfort of journeys

score 67.8 69.7 -2.7

Taxis and hire vehicles conform to safety and quality standards

per cent 83 82 1 ü

Proposed to be discontinued in 2015-16; reinstated in accordance with the recommendation of PAEC.



Unit of measure

2015-16 actual

2015-16 target


TIMELINESS

Taxi and hire vehicle complaints investigated and closed within 45 days

per cent 89 85 5 ü

Taxi and hire vehicle: calls to the Taxi Services Commission call centre answered within 20 seconds

per cent 52 54 -4

COST




Table 26 Output: Train ServicesTable 26 represents performance against the Train Services output. This output delivers reliable and cost-effective train services and infrastructure investments across the Victorian rail network, including services delivered through contractual arrangements with private operators.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Passengers carried: metropolitan train services

number (million)

233 234 0 ü

Passengers carried: regional train and coach services

number (million)

17.7 16.7 6.0 ü

Due to the impact of the Regional Rail Link opening earlier than expected and cessation of associated disruptions.

Payments made for: metropolitan train services

$ million 782 743 5

Payments made for: regional train and coach services

$ million 460 369 25

Due to an increase in the number of services and additional funding to ensure the sustainability of V/Line’s operations as a result of wheel-wear issues.

Progress of Regional Rail Link – cumulative project expenditure

per cent 99 99 0 ü

Public railway crossings upgraded number 29 29 0 ü

Public transport network improvement: minor projects completed – train

number 10 10 0 ü

Public transport network improvement: multimodal projects completed

number 2 2 0 ü

Scheduled services delivered: metropolitan train

per cent 99 99 0 ü

Scheduled services delivered: regional train

per cent 96.6 98.5 -1.9

Total kilometres scheduled: metropolitan train

km (million) 22.9 22.8 0.3 ü

Total kilometres scheduled: regional train and coach

km (million) 24.1 23.6 2.1 ü




Unit of measure

2015-16 actual

2015-16 target


QUALITY

Availability of rolling stock: metropolitan trains

per cent 93 94 -1

Availability of rolling stock: VLocity fleet per cent 88.3 92.5 -4.5

Calls to the Public Transport Victoria call centre answered within 30 seconds

per cent 76 80 -5

Customer satisfaction index: metropolitan train services

score 72.3 70.1 3.1 ü

Customer satisfaction index: regional train services

score 76 77 -1

Metropolitan fare evasion rate per cent 4.1 6.5 -36.9 ü

The continued reduction of fare evasion over recent years is due to an increase in the number of tickets checked.

Public transport network improvement: performance against master project schedule

per cent 90 90 0 ü

TIMELINESS

Major periodic maintenance works completed against plan: metropolitan train network


Major periodic maintenance works completed against plan: regional train network

per cent 96 100 -4

Service punctuality for metropolitan train services

per cent 92.5 92.5 0.0 ü

Service punctuality for regional train services

per cent 87 92 -6

Due to V/Line’s infrastructure and wheel-wear issues. Full restoration of V/Line services occurred on 26 June 2016.

COST

Total output cost $ million 2,827.7 2,755.2 2.6




Table 27 Output: Tram ServicesTable 27 represents performance against the Tram Services output. This output delivers reliable and cost-effective tram services and infrastructure investments, including public transport services delivered through contractual arrangements with private operators.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Level access tram stop upgraded number 10 10 0 ü

Passengers carried: tram services number (million)

203.8 182.9 11.4 ü

Due to the strong uptake of the Free Tram Zone.

Payments made for: tram services $ million 203 202 1

Public transport network improvement: minor projects completed – tram

number 2 2 0 ü

Scheduled services delivered: tram per cent 98.8 99.5 -0.7

Total kilometres scheduled: tram km (million) 23.9 23.1 3.5 ü

Tram – cumulative procurement of new rolling stock

per cent 77 72 7 ü

New trams were delivered earlier than scheduled.

W-Class trams fully restored number 1 1 0 ü

QUALITY

Availability of rolling stock: trams per cent 92 94 -2

Customer satisfaction index: tram services

score 76 74 3 ü

TIMELINESS

Major periodic maintenance works completed against plan: tram network


Service punctuality tram services per cent 83.7 82.9 1.0 ü

COST






Table 28 Output: Transport Safety, Security and Emergency ManagementTable 28 represents performance against the Transport Safety, Security and Emergency Management output. This output delivers initiatives and regulatory activities that will improve safety and security and strengthen resilience on Victoria’s transport network.


Unit of measure

2015-16 actual

2015-16 target


QUANTITY

Accredited State maritime training providers audited in accordance with annual audit plan

number 20 20 0 ü

Recreational vessel inspections undertaken in accordance with State legislative requirements

number 4,245 3,500 21 ü

Summer boating safety officers are now permanently located in regional Victoria.

Regulatory interventions conducted on high-risk or accredited Rail Transport Operators

number 70 70 0 ü

Road safety projects/initiatives completed: safe road users

number 4 7 -43

Due to delays in introducing a memorandum of authorisation which is a prerequisite for the projects to commence.

Road safety projects/initiatives completed: safe roads

number 169 145 17 ü

The Safe System Road Infrastructure Program was accelerated, resulting in projects and initiatives being brought forward and completed this financial year.

Road safety projects/initiatives completed: safe vehicles

number 5 4 25 ü

Three projects are now scheduled to be completed in 2016-17. This was offset by four projects added to the 2015-16 program of works after the target was set and completed.

Road vehicle and driver regulation: driver licences renewed

number (000) 794 780 2 ü

Road vehicle and driver regulation: new driver licences issued

number (000) 185 200 -8

The 2015-16 target was based on a model revised to take into account an unexpectedly high result for 2014-15, which 2015-16 results did not repeat.

Road vehicle and driver regulation: new vehicle registrations issued

number (000) 584 580 1 ü

Road vehicle and driver regulation: vehicle and driver information requests, including toll operator and council requests, processed

number (000) 3,963 3,670 8 ü

There has been an increase in information requests from CityLink and EastLink, a reversal of the previous two years’ reduction in information requests.

Road vehicle and driver regulation: vehicle registration transfers

number (000) 904 900 0 ü

Road vehicle and driver regulation: vehicle registrations renewed

number (000) 5,533 5,500 1 ü

Safety audits of bus operators conducted in accordance with Bus Safety Act 2009 (Vic) requirements

number 560 560 0 ü

Security and emergency management exercises coordinated or contributed to by the department

number 8 8 0 ü



Unit of measure

2015-16 actual

2015-16 target


Transport and marine safety investigations: proportion of notified accidents with passenger fatalities and/or multiple serious passenger injuries investigated


Transport safety regulation: rail safety audits/ compliance inspections conducted in accordance with legislative requirements

number 99 50 98 ü

The Office of the National Rail Safety Regulator requires Transport Safety Victoria to undertake investigations in addition to audit and compliance activities. Investigation activities were not included in this measure when the target was set. There has also been an increase in the number of audits and compliance inspections requested. Proposed to be discontinued in 2015-16; reinstated in accordance with the recommendation of PAEC.

Victorian marine pollution response exercises conducted by the department

number 2 2 0 ü

QUALITY

Commercial maritime duty holders other than vessel owners and operators audited in accordance with national legislative requirements and timelines


Commercial vessel compliance and enforcement actions undertaken in accordance with national regulation and timelines


Compliance inspections of vessel operating and zoning rules in designated Victorian waterways conducted in accordance with the annual audit plan


Conduct Sector Resilience Network workshops to identify and support improvements in critical infrastructure resilience, in line with the Sector Resilience Plan

number 4 4 0 ü

Rail safety audits, compliance inspections and investigations conducted in accordance with State and national legislative requirements and timelines


Review exercises conducted by the Regional Control Agencies identified under VICPLAN and through Direction from the State Marine Pollution Controller

number 4 4 0 ü

Road safety projects completed within agreed scope and standards


Road vehicle and driver regulation: currency of vehicle registration and driver licensing records

per cent 99 99 0 ü




Unit of measure

2015-16 actual

2015-16 target


Road vehicle and driver regulation: user satisfaction with vehicle registration and driver licensing


Due to the focus on customer experience and the growth in digital services.

TIMELINESS

Applications for bus operator registration and safety accreditation processed on time in accordance with Bus Safety Act 2009 (Vic) requirements


Applications for rail accreditation and variations to accreditation processed within State and national legislative requirements and timelines


Initiate marine pollution response action within 60 minutes of incident notification


Lead Built-Environment Recovery Coordination within required timeframes


Multi-purpose Taxi Program: applications assessed and completed within 14 days

per cent 99 97 2 ü

New commercial passenger vehicle licence applications other than taxi processed within 21 days


Due to the introduction of more efficient processes in 2015-16.

New taxi vehicle licence applications processed within 14 days

per cent 93 85 9 ü

Due to the introduction of more efficient processes in 2015-16.

New taxi, hire vehicle and bus driver accreditation applications processed within 14 days

per cent 70 85 -18

There was a significant increase (118 per cent) in the number of applications received compared to the previous year. This was partially off-set by the introduction of improved, more efficient processes during the year.

Road safety programmed works completed within agreed timeframes


Road vehicle and driver regulation: average speed of calls answered in VicRoads call centres

seconds 268 240 12

There has been an increase in the complexity of calls being received, as well as process changes to enhance customers’ experience and provide first contact resolutions.

Road vehicle and driver regulation: customers served within 10 minutes in VicRoads Customer Service Centres

per cent 76 80 -5 ü

Road vehicle and driver regulation: new and renewed driving instructor authority applications processed within 14 days

per cent 88 85 4 ü



Unit of measure

2015-16 actual

2015-16 target


Transport and marine safety investigations: accidents/incidents assessed within two days of notification to determine need for detailed investigation


Transport and marine safety investigations: average time taken to complete investigations

months 16 12 31

Due to additional training requirements of staff and two lengthy investigations (one investigation being the subject of a prosecution).

COST


The 2015-16 result was $39.9 million lower than budget mainly due to a timing differences in expenditure for the Safer Systems Road Infrastructure Program and delays in a number of projects including Federal Blackspot and Practical Driver Training projects.




04 APPENDICES


04 APPENDICES

Appendix 1: Budget portfolio outcomes

The budget portfolio outcomes provide a comparison between the actual financial report of all general government entities within the portfolio and the forecast published in the Budget Papers. The budget portfolio outcomes comprise the comprehensive operating statement, balance sheet, statement of changes in equity and statement of cash flows. Financial transactions and balances are classified into either controlled or administered categories consistent with the published statements in Budget Paper No. 5. The following budget portfolio outcomes statements are not subject to audit by the Victorian Auditor-General’s Office and are not prepared on the same basis as the department’s financial statements, as they include the consolidated financial information of:

Controlled• Department of Economic Development, Jobs,

Transport and Resources

• VicRoads

• Linking Melbourne Authority•1

• Taxi Services Commission

• Public Transport Development Authority

• Melbourne Cricket Ground Trust

• Library Board of Victoria

• Melbourne Recital Centre

• Australian Centre for the Moving Image

• Museums Board of Victoria

• Council of Trustees of the National Gallery of Victoria

• Major Projects Victoria

• Tourism Victoria

• Film Victoria

* Linking Melbourne Authority has been disbanded from January 2015.


Comprehensive operating statement for the financial year ended 30 June 2016

2015-16 Actual

budget ($ million)

2015-16 Published

budget ($ million) Variation % Notes


Output appropriations 6,753 7,177 (424) (6%) a

Special appropriations 1 5 (4) (85%) b

Interest 20 15 6 40% c

Sales of goods and services 533 511 23 4%

Grants 359 319 40 13% d

Fair value of assets and services received free of charge or for nominal consideration

96 57 40 70% e

Other income 205 153 52 34% f

Total income from transactions 7,968 8,236 (268) (3%)


Employee benefits (821) (831) 10 (1%)

Depreciation and amortisation (758) (817) 59 (7%)

Interest expense (149) (150) 2 (1%)

Grants and other transfers (2,995) (2,832) (163) 6% g

Capital asset charge (215) (215) 0 (0%)

Other operating expenses (3,163) (3,146) (17) 1%

Total expenses from transactions (8,101) (7,992) (109) 1%

Net result from transactions (net operating balance) (133) 244 (378) (155%)


Net gain/(loss) on non-financial assets (10) - (10) >(100)%

Net gain/(loss) on financial instruments and statutory receivables/payables

(2) (0) (2) >(100)%

Other gains/(losses)from other economic flows (3) - (3) >(100)%

Total other economic flows included in net result (15) (0) (15) >(100)%

Net result (149) 244 (393) >(100)%

Other economic flows – other non-owner changes in equity

Adjustment to accumulated surplus/(deficit) due to a change in accounting policy

23 - 23 >100%

Changes in physical asset revaluation reserve 612 63 549 >100%

Financial assets available for sale reserve (3) 1 (5) >(100)%

Other (35) 4 (40) >(100)%

Total other economic flows – other non-owner changes in equity 596 69 528 >100%

Comprehensive result 447 313 135 43%

Notes:Explanations for major variations between the 2015-16 actual and 2015-16 published budget are:

a Output appropriations were lower than the original budget primarily due to timing differences associated with program expenditure rephasings, carryover from 2015-16 into 2016-17 across portfolios and changes to the Better Roads Victoria Trust arrangements.

b Appropriations were lower than the original budget primarily due to rephasing of coal seam gas revenue and revised receipts associated with public transport.

c Interest income was slightly higher than the original budget primarily due to improved returns on invested funds relative to budget.d Grants income was higher than the original budget primarily due to release of funding for Major Events.e Fair value of assets and services received free of charge or for nominal consideration were higher than budget, and mainly associated

with receipt of road assets free of charge.f Other income was higher than the original budget primarily due to increased receipts from third parties.g Grants expenses were higher than the original budget primarily due to payments associated with major events and Regional Rail

sustainability approved post Budget.


04 APPENDICES

Balance sheet as at 30 June 2016

2015-16 Actual

budget ($ million)

2015-16 Published

budget ($ million Variation % Notes

ASSETS

Financial assets

Cash and deposits 1,747 1,925 (178) (9%)

Receivables 1,514 1,502 11 1%

Other financial assets 141 146 (5) (4%)

Financial assets 3,402 3,573 (172) (5%)


Inventories 46 11 34 >100% a

Non-financial assets classified as held for sale including disposal group assets

53 28 25 89% b

Property, plant and equipment 56,338 56,600 (262) (0%)

Biological assets 2 2 0 15%(i) c

Investment properties - 5 (5) >(100)% d

Intangible assets 124 109 15 14% e

Other 29 36 (7) (19%) f

Total non-financial assets 56,592 56,792 (200) (0%)

Total assets 59,993 60,365 (372) (1%)

Liabilities

Payables 1,346 1,207 139 12% g

Borrowings 1,574 1,488 86 6%

Provisions 730 749 (19) (3%)

Total liabilities 3,650 3,444 206 13%

Net assets 56,343 56,921 (578) (1%)

Equity

Accumulated surplus/(deficit) 15,858 16,234 (376) (2%)

Reserves 20,463 19,952 511 3%

Contributed capital 20,023 20,735 (712) (3%)

Total equity 56,343 56,921 (578) (1%)

Net worth 56,343 56,921 (578) (1%)

Notes: Explanations for major variations between the 2015-16 actual and 2015-16 published budget are:

a Inventories were higher than the original budget due to revised inventories for Myki cards.

b Non-financial assets classified as held for sale including disposal group assets were higher than the original budget due to the reclassification of some land holdings.

c Biological assets were higher than the original budget primarily due to slightly higher values for livestock.

d Investment properties were lower than the original budget primarily due to the disposal of assets.

e Intangible assets were higher than the original budget primarily due to the recognition of ICT related assets during the year.

f Other assets were lower than budget primarily due to lower levels of deferred project expenditure.

g Payables were higher than the original budget primarily due to revised working capital levels required for project facilitation.

i The variance represents a rounding issue of 1.9886 actual and 1.7302 published.


Cash flow statement for the financial year ended 30 June 2016

2015-16 Actual

budget ($ million)

2015-16 Published


Receipts

Receipts from government 6,775 7,103 (328) (5%)

Receipts from other entities 888 857 31 4%

Goods and services tax recovered from the ATO (47) (0) (47) >(100) a

Interest received 20 15 6 39% b

Other receipts 123 120 3 3%

Total receipts 7760 8095 (335) (4%)

Payments

Payments of grants and other transfers (2,993) (2,832) (161) 6%

Payments to suppliers and employees (3,747) (3,923) 176 (4%)

Goods and services tax paid to the ATO (4) - (4) >(100) c

Capital asset charge (215) (215) 0 (0%)

Interest and other costs of finance (149) (151) 2 (1%)

Total payments (7,109) (7,121) 12 (0%)

Net cash flows from /(used in) operating activities 651 973 (322) (33%)

Cash flows from investing activities

Net investment 22 3 19 >100 d

Net (purchase)/disposal of investments - policy purposes - - 0 -

Payments for non-financial assets (2363) (2194) (169) 8%

Proceeds from sale of non-financial assets 15 10 5 53% e

Net loans to other parties 3 1 2 >100 f

Net cash flows from /(used in) investing activities (2,323) (2,180) (143.8) 7%

Cash flows from financing activities

Owner contributions by State Government 1833 1554 279 18% g

Repayment of finance leases (44) (35) (9) 24% h

Net borrowings 16 (2) 19 >(100) i

Net Cash flows from/(used in) financing activities 1,806 1,517 289 19%

Net increase (decrease) in cash and cash equivalents 134 311 (177.0) (57%)

Cash and cash equivalents at the beginning of the financial year

1,614 1,614 - 0%

Cash and cash equivalents at the end of the financial year 1,748 1,925 (177.0) (9%)

Notes: Explanations for major variations between the 2015-16 actual and 2015-16 published budget are:

a Goods and services tax recovered from the Australian Tax Office (ATO) were lower than the original budget primarily due to timing differences.

b Interest received was higher than the original budget primarily due to improved returns on invested funds relative to budget.

c Goods and Services Tax paid to the ATO were higher than the original budget primarily due to timing differences.

d Net investments were higher than the original budget primarily due to the reclassification of some investments.

e Proceeds from sale of non-financial assets were higher than the original budget primarily due to additional sales of land.

f Net loans to other parties were higher than the original budget primarily due to loans to other entities for the Greener Government Buildings Offices Energy Performance Contracting program.

g Owner contributions by State Government were higher than the original budget primarily due to the recognition of capital carryover and the release of funding for infrastructure projects.

h Repayment of finance leases were higher than the original budget primarily due to revised repayment schedules for projects within the portfolio.

i Net borrowings were higher than the original budget primarily reflecting the brought forward purchase of Myki cards.


04 APPENDICES

Administered items statement as at 30 June 2016

2015-16 Actual

budget ($ million)

2015-16 Published


Administered income

Output appropriations 66 67 (1) (1%)

Interest 10 10 (0) (0%)

Sales of goods and services 289 285 4 1%

Grants 0 0 0 >100%

Other income 2,544 2,412 132 5%

Total administered income 2,910 2,775 135 5%

Administered expenses

Interest expense (73) (73) (0) 0%

Grants and other transfers (5) (6) 1 (17%) a

Payments into consolidated fund (2,814) (2,656) (158) 6%

Other operating expenses (18) (17) (1) 8%

Total administered expenses (2,910) (2,751) (159) 6%

Income Less Expenses (1) 23 (24) >(100)%

Total other economic flows (8) (14) 7 (47%)

Total other economic flows - Other non-owner changes in equity

1 - 1 >(100)%

Net result (7) 9 (16) >(100)%

Administered assets

Cash and deposits 14 14 0 3%

Receivables 410 405 5 1%

Other financial assets 3 3 0 5%

Non-financial assets 16 0 16 >100% b

Total administered assets 443 422 22 5%


Payables 493 457 36 8%

Borrowings 456 455 0 0%

Total administered liabilities 949 912 36 4%

Net assets (505) (491) (14) 3%

Notes:

Explanations for major variations between 2015-16 actual and 2015-16 published budgets are:

a Grants and other transfers were lower than the original budget due to the timing of payments made on behalf of the State of Victoria for the Melbourne Convention and Exhibition Centre.

b Non-financial assets were higher than the original budget due to recognition of additional assets.


Statement of changes in equity as at 30 June 2016

Accumulated surplus/(deficit)

($ million)

Contributions by owners ($ million)

Asset revaluation

reserve ($ million)

Other reserves

($ million)

Total equity

($ million)

Actual result:

Opening balance 1 July 2015 (actual) 16,001 20,210 19,832 40 56,084

Comprehensive result (143) - 612 (21) 447

Transactions with owners in their capacity as owners

- (188) - - (188)

Closing balance 30 June 2016 (actual) 15,858 20,023 20,444 19 56,343

Budget result

Opening balance 1 July 2015 (budget) 16,001 20,210 19,832 40 56,084

Comprehensive result 233 - 63 17 313

Transactions with owners in their capacity as owners

- 525 - - 525

Closing balance 30 June 2016 (budget) 16,234 20,735 19,895 57 56,921

Departmental five-year financial summary (controlled)

2016 2015 2014 2013 2012

($ thousand)

Revenue from government(i) 6,877,808 3,843,175 796,231 521,627 523,481

Total income from transactions 6,945,400 4,041,135 940,987 620,892 557,513

Total expenses from transactions (6,883,104) (3,849,055) (902,141) (606,088) (574,109)

Net result from transactions(ii) 62,296 192,080 38,846 14,804 (16,596)

Net result for the period 71,528 149,401 33,924 11,010 (24,315)

Net cash flow from operating activities 278,698 109,062 63,013 30,692 (14,166)

Total assets 4,601,791 4,255,624 1,194,330 815,139 682,247

Total liabilities 1,771,430 1,550,808 138,856 84,749 71,224

(i) Income from government includes both output and special appropriations.

(ii) The ‘net result from transactions’ is identical to the ‘net operating balance’ for the general government sector.


04 APPENDICES

Appendix 2: Capital projects/asset investment programs The department and its related portfolio entities, including Victorian Rail Track, manage a range of capital projects to deliver services for the government.

Information on the new and existing capital projects for DEDJTR is contained in the most recent Budget Paper No. 4 State Capital Program (BP4) which is available on the Department of Treasury and Finance’s website.

During the year, DEDJTR completed the following capital projects with a Total Estimated Investment of $10 million or greater. The details related to these projects are reported below:

Table 1: Capital projects completed during the financial year ended 30 June 2016

Project name

Original completion date

Latest approved completion date

Actual completion date

Original approved TEI* budget $million

Latest approved TEI* budget $million

Actual TEI cost** $million

Variation between actual cost and latest approved TEI budget

Reason for variance from latest approved TEI budget

40 new trains for Melbourne commuters - stage 1 (metro various)

Jun 2015 Jun 2016 Feb 2016 210.360 207.360 (a) 190.812 (16.548)

All of these projects have reached practical completion, within the approved TEI of the project. Final costings will be confirmed once financial completion is achieved.

Accessible Public Transport in Victoria:

Dec 2015 Jun 2015 Jun 2016 20.000 20.000 19.856 (0.144)

Balaclava Station (Balaclava)

Dec 2013 Dec 2015 Dec 2015 11.900 18.900 (b) 17.659 (1.241)

Ballan crossing loop and car park upgrade (Ballan)

Jun 2016 Jun 2016 Jun 2016 14.797 14.797 13.402 (1.395)

City Loop fire and safety upgrade (Melbourne)

Jun 2015 Mar 2016 May 2016 43.190 43.190 33.619 (9.571)

Consolidating accommodation metro and regional (Attwood)

Jun 2014 Dec 2015 Dec 2015 52.470 52.274 (c) 52.272 (0.002)

Controlled environments for developing new crops development (statewide)

Dec 2012 Jun 2016 Jun 2016 10.500 10.700 (d) 10.700 (0.000)

Dingley Bypass between Warrigal Road to Westall Road (Dingley)

Dec 2016 Sep 2016 Mar 2016 155.700 155.700 139.766 (15.934)


Project name









East Werribee Employment Precinct preliminary infrastructure (East Werribee)

Jun 2015 Dec 2015 Feb 2016 32.690 26.550 (e) 23.400 (3.150)

All these projects have reached practical completion, within the approved TEI of the project. Final costings will be confirmed once financial completion is achieved.

Federation Square capital replacement and renewal works (Melbourne)

Dec 2015 Jun 2016 Jun 2016 11.735 11.735 11.735 0.000

High Street Road improvement project (Wantirna South)

Dec 2017 Jun 2016 Apr 2016 16.248 16.248 15.929 (0.319)

Managed motorway program - Monash Freeway between High Street and Warrigal Road (metro various)

Dec 2015 Dec 2015 Aug 2015 20.260 18.576 (f) 16.792 (1.784)

Melbourne Wholesale Markets - redevelopment (Epping)

Dec 2014 Sep 2015 Aug 2015 453.418 438.121 (g) 429.650 (8.470)

Metropolitan train safety

Dec 2014 June 2015 Jul 2015 143.900 191.890 (h) 186.695 (5.195)

New trains for Melbourne commuters (metro various)

Dec 2015 June 2016 Jun 2016 178.068 145.068 (i) 127.864 (17.204)

Noise wall program (metro various)

Dec 2016 May 2015 Oct 2015 19.336 18.958 (j) 18.103 (0.855)

Princes Highway East passing lanes (Hospital Creek, Dinner Creek, and Wombat Creek) (non-metro various)

Dec 2013 Mar 2016 Dec 2015 11.000 11.000 9.436 (1.564)


04 APPENDICES

Project name









Protective Services Officers railway infrastructure (metro various)

Dec 2014 Jun 2016 Jun 2016 85.498 66.194 (k) 57.966 (8.228)

All these projects have reached practical completion, within the approved TEI of the project. Final costings will be confirmed once financial completion is achieved

Ringwood Station and interchange upgrade (Ringwood)

Dec 2015 Jun 2016 Jan 2016 66.000 66.000 65.967 (0.033)

Syndal Station multi-deck car park project (Glen Waverley)

Dec 2014 Dec 2015 Oct 2015 10.773 10.773 10.511 (0.262)

Western Highway upgrade - Stawell to South Australian border (non-metro various)

Dec 2013 Jun 2016 Jun 2016 49.400 50.000 (l) 49.963 (0.037)

* Total estimated investment

** The actual TEI cost is for the period to practical completion date.

Notes::

a) The original TEI was reduced by $3 million due to project savings.

b) The original TEI was increased by $7 million due to a change of project scope.

c) The original TEI was reduced by $0.196 million due to overall project savings.

d) The original TEI was increased by $0.2 million due to minor increases in project scope.

e) The original TEI has been reduced by $6.14 million following Machinery of Government changes.

f) The original TEI was reduced by $1.684 million due to overall project savings.

g) The original TEI has reduced by $15.297 million due to the transfer of funds from capital to output funding and overall project savings.

h) The original TEI was increased by $47.99 million due to scope and timing adjustments.

i) The original TEI was reduced by $33 million due to project savings.

j) The original TEI was reduced by $0.378 million due to overall scope changes and project savings.

k) The original TEI was reduced by $19.304 million due to changes in project scope.

l) The original TEI was increased by $0.6 million due to higher than anticipated construction costs.


Appendix 3: International Victorian Government Business Offices network International engagement supports Victoria’s economic prosperity, as engagement with growth markets is vitally important to the performance of the Victorian economy. Victoria’s network of offshore offices is integral to the delivery of the Victorian Government’s international engagement agenda. Victoria has the most extensive network of any Australian state with 18 offices in key international markets, headed by eight Commissioners for Victoria.

In 2015-16, the international Victorian Government Business Office (VGBO) network helped support 2434 Victorian businesses participating in export programs. Participants in the Victorian Government’s export programs, supported by the international network have reported actual increased exports of $458.85 million as a direct result of their participation. Additionally, in 2015-16, the international VGBO network assisted in facilitating approximately $868 million worth of capital investment into the state, creating 2032 new jobs.

The Government made an election commitment to establish new VGBOs in South America, Singapore and Turkey, increasing the overall number of overseas offices to 21. Significant progress has been made on the establishment of these offices with the Chilean capital Santiago announced as the preferred location of the South America office.

Appendix 4: People and workplace

Public administration values and employment principlesThe department is committed to meeting the public sector values and employment principles set out in the Public Administration Act 2004. In continuing to develop and maintain its policies and procedures across 2015-16, the department ensured these values and principles were reflected and communicated.

Information related to public sector conduct and the Victorian Public Service (VPS) employment principles is promoted via policies on the intranet and through expert advice provided by People and Workplace Services.

Our workforceThe DEDJTR workforce comprises approximately 2840 employees located at five CBD and 14 greater metropolitan sites, as well as 77 regional sites across Victoria and 18 international offices.

During 2015, the department commenced a significant organisation redesign which focused on maximising its capabilities and ensuring it was effective in what it delivered, well prioritised in its use of resources and a best practice workplace. This process was finalised during 2015-16 with new structures now implemented.

Simultaneously, a series of significant workforce related projects were undertaken to continue to enhance the department’s efficiency, culture and future performance. These included:

• consolidating five payroll systems

• updating existing policies to reflect the newly implemented Victorian Public Service Agreement 2016

• developing and implementing new policies to further support employees such as a Family Violence Policy

• launching DEDJTR Connects, the department’s organisational development strategy.


04 APPENDICES

Safety and wellbeing DEDJTR seeks to support employee wellbeing and create a safe working environment. The department wants employees to work in a safe environment where their physical and mental wellbeing is supported.

The department aims to build a culture in which safety and wellbeing is everyone’s responsibility and in which employees are empowered to take proactive measures that will minimise if not eliminate all risks and hazards.

New safety and wellbeing governance framework The department brings together a diverse and dispersed workforce across portfolio areas such as agriculture, employment, energy, resources, transport, the arts, small business, innovation and trade.

In acknowledgement of this diversity, the Executive Board endorsed a governance model where business groups are responsible for ensuring the effective management and governance of health and safety against corporate safety and wellbeing standards, policies and compliance measures.

Safety management system The department has continued to refine and implement a more effective and efficient safety management system including the enhancement and promotion of its chemical management system.

Other areas of focus are:

• the continual review and consultation of all safety and wellbeing policies and procedures to ensure they meet the requirements of the occupational health and safety (OHS) legislation and the needs of the department

• completion and monitoring of safety risk registers that record hazards and risks specific to individual business groups which will provide, when combined, an aggregated analysis of the safety and wellbeing risks across the department and controls that exist to mitigate and manage those risks

• the provision of a consolidated, employee-accessible incident management system to encourage a reporting and compliance ethos throughout the department.

The establishment of a DEDJTR Safety Consultative Committee is being mirrored across the organisation with the creation of similar committees at all departmental sites.


Consolidation of safety and wellbeing team A safety and wellbeing team was consolidated within the People and Workplace Services division.

The team has six safety advisers and a team leader who undertake safety inspections and provide specialist advice to managers and staff at Victorian regional sites.

Injury management There were 32 standard claims during the reporting period including 13 musculoskeletal disorder and five mental injury claims; 22 of the standard claims were lost time claims and the average cost per claim was $26,010.

DEDJTR’s Injury Management Program is supported by two full-time injury management advisors who provide expertise and support to managers and employees. The department’s focus on early intervention has resulted in an improved injury management performance including a reduction of more than 30 per cent to the capped claim costs from the previous year and a reduction of 19.3 per cent to the WorkCover Premium employer performance rating from the previous year. The department’s performance rating is now 9.9 per cent lower than the industry average.

WellbeingThe DEDJTR Mental Health and Wellbeing Program provided:

• mental health and wellbeing support comprising:

– assistance counselling to staff and their families

– assistance coaching to help managers to support their employees

– career transition coaching and support to review and develop resumes, interview techniques or career path planning conversations, mediation and conflict coaching for staff and managers to address and diffuse conflict in the workplace

– counselling, coaching and psychological support services following critical events to individuals, teams and family members

• an Early Intervention Program with targeted wellbeing support and interventions tailored for employees with work or non-work related injuries or illnesses

• an online wellbeing portal promoting mental health, fitness and nutritional information and a monthly Wellness magazine

• influenza vaccinations for 1382 employees within Victoria

• walking challenge to 462 employees based in Australian and international offices

• healthy cooking demonstrations run by a qualified nutritionist

• extensive and continuing individual health screening consultations with a qualified nurse to measure medical health

• an online health assessment and reporting tool to gauge individual health risk areas and recommended lifestyle changes based on biometric readings, family history and lifestyle choices.


04 APPENDICES

Performance against OH&S management measures(1)

Measure

2015-16

Measure Key performance indicators

Incidents Number of incidents 165

Rate per 100 full-time equivalent (FTE) 0.44

Claims (5) Number of standard claims (2) 32

Rate per 100 FTE 1.13

Number of lost time claims (3) 22

Fatalities Rate per 100 FTE 0.77

Claims costs (5) Number of claims exceeding 13 weeks (4) 3

Management commitment Rate per 100 FTE 0.18

Fatality claims 0

Consultation and participation Average cost per standard claim (5) $26,010

Evidence of occupational health and safety (OHS) policy statement, OHS objectives, regular reporting to senior management of OHS, and OHS plans (signed by the CEO or equivalent)

Completed

Risk management Evidence of OHS criteria in purchasing guidelines (including goods, services and personnel)

Completed

Evidence of agreed structure of Designated Working Groups (DWGs), Health and Safety Representatives (HSRs) and Issue Resolution Procedures (IRPs)

Completed

Compliance with agreed structure, DWGs, HSRs and IRPs Completed

Percentage of internal audits/inspections conducted as planned

100%

Training Percentage of issues identified actioned arising from:

• internal audits 100%

• WorkSafe notices 100%

Percentage of managers and employees who have received OHS training:

• induction Partially achieved

• management training Partially achieved

Percentage of HSRs trained

• acceptance of role Partially achieved

Notes:

1. DEDJTR was created in 2014-15 and an accurate comparison with previous years is not applicable.

2. Standardised claims are those that have exceeded the employer excess (days or dollars) or are registered as a standard claim and are open with payments at the time of extraction. Fatality claims are also based on the same definition of standardised claims. Under threshold claims are excluded from this figure.

3. A time lost claim is one with one or more days compensated by the Victorian WorkCover Authority (VWA) Insurer (that is: once the employer has paid the 10-day excess) at the time of extraction. Lost time claims are a sub set of standardised claims. Under threshold claims are excluded from this figure.

4. Thirteen week claims is a measure of the number of claims exceeding 65 days compensation. This measure reflects claims reported in the prior 6-18 months (2015 calendar year).

5. Data is provided by Xchanging, the department’s authorised agent.


Workforce inclusion policyThe department recognises the value of individual differences and managing the workplace so that every employee feels included, valued and empowered.

The DEDJTR diversity and inclusion action plan sets out the department’s approach to engaging with its diverse workforce, with a focus on gender balance, disability employment and accessibility, cultural diversity, sexual orientation and gender identity, and Aboriginal employment and inclusion. The department is also working to strengthen inclusion and diversity capabilities among its employees.

The department celebrated diversity with a range of events throughout the year including International Women’s Day, Cultural Diversity Week, NAIDOC Week and International Day of People with Disability and participated in committees and networks including the Interdepartmental Committee on Disability and the Victorian Public Sector (VPS) Network on Disability.

A full report of the department’s initiatives and achievements in multicultural affairs is reported annually to the Victorian Multicultural Commission as required by the Multicultural Victoria Act 2011.

Aboriginal Inclusion Action PlanBullarto-Buluk DEDJTR’s Aboriginal Inclusion Action Plan 2016-18. consolidates the work of former departments and responds to directions outlined in the Victorian Government Aboriginal Inclusion Framework and the Victorian Aboriginal Affairs Framework 2013-18. Bullarto-Buluk complements the Victorian Government plan (Karreeta Yirramboi) which seeks to improve public sector employment outcomes for Aboriginal Victorians. Under Bullarto-Buluk the department has a minimum one per cent Aboriginal employment target.

Compliance with the Carer’s Recognition Act 2012The Carers Recognition Act 2012 obliges all State Government departments to develop or provide policies, programs or services that affect people in care relationships and to provide an annual report on how they have met those obligations under the Act.

The department has taken all practical measures to comply with its obligations under this Act.


04 APPENDICES

DEDJTR Workforce information

Ongoing employees

Fixed-term and casual employees

Total employees

Full-time (Head count)

Part-time (Head count)

Total (Head count)

Total (FTE)

Total (FTE)

Total (FTE)

June 2015 2,109 468 2,577 2,417.4 472.5 2,889.9

June 2016 2,192 469 2,661 2,502.8 336.7 2,839.5

June 2015 June 2016

Ongoing employees


Ongoing employees


Head count FTE FTE Head count FTE FTE Totals (FTE)

Gender

Male 1,254 1,233.1 210.3 1,290 1,268.7 1,24.4 1,393.1

Female 1,323 1,184.3 262.2 1371 1,234.1 212.3 1,446.4

Under 25 34 33.6 24.7 32 31.4 24.3 55.7

25-34 397 371.9 132.4 405 384.4 119.4 503.8

35-44 811 734.6 139.1 808 731.6 102.6 834.2

45-54 729 694.4 103.8 744 712.2 55.1 767.3

55-64 515 497.8 60.5 583 560.9 30.8 591.7

Over 64 91 85.1 12.0 89 82.3 4.5 86.8

VPS1 6 5.0 11.1 0 0.0 0.0 0.0

VPS2 152 138.8 36.0 162 149.0 42.6 191.6

VPS3 302 284.8 51.8 287 268.6 42.8 311.4

VPS4 379 353.7 73.9 396 371.5 64.2 435.7

VPS5 529 496.3 58.8 526 495.5 59.9 555.4

VPS6 486 466.9 47.9 475 456.5 50.7 507.2

STS 32 31.6 0.0 36 35.8 1.0 36.8

Executives 0 0.0 109.9 109 107.6 0.0 107.6

Principal scientist

47 43.9 9.0 48 44.8 9.0 53.8

Science 559 511.4 73.1 546 497.5 65.9 563.4

Fisheries officers

79 79.0 0.0 69 69.0 0.0 69.0

Legal officers 6 6.0 1.0 7 7.0 0.6 7.6

Notes:

i. FTE means full-time equivalent.

ii. All figures reflect employment levels during the last full pay period in June of each year.

iii. Excluded are those on leave without pay or absent on secondment, external contractors/consultants, temporary employees employed by employment agencies and statutory appointees.

iv. Employees attached to Tourism Victoria are employees of the department secretary and are included in the above figures. Employees are also reported in Tourism Victoria’s Annual Report. For reference, the total FTE for Tourism Victoria is: June 2015 – 86.6 FTE, June 2016 – 74.4 FTE.


Game Management Authority

Ongoing employees


Total employees



Total (Head count)

Total (FTE) Total (FTE)

Total (FTE)

June 2015 12 0 12 12.0 4.0 16.0

June 2016 16 0 16 16.0 1.0 17.0

June 2015 June 2016

Ongoing employees


Ongoing employees



Gender

Male 11 11.0 3.0 15 15.0 1.0 16.0

Female 1 1.0 29.5 1 1.0 75.5 76.5

Under 25 0 0.0 0.0 0 0.0 0.0 0.0

25-34 2 2.0 0.0 2 2.0 0.0 2.0

35-44 4 4.0 3.0 6 6.0 0.0 6.0

45-54 4 4.0 0.0 5 5.0 0.0 5.0

55-64 2 2.0 1.0 3 3.0 1.0 4.0

Over 64 0 0.0 0.0 0 0.0 0.0 0.0

VPS2 0 0.0 1.0 1 1.0 0.0 1.0

VPS3 1 1.0 0.0 1 1.0 0.0 1.0

VPS4 8 8.0 2.0 10 10.0 0.0 10.0

VPS5 1 1.0 0.0 0 0.0 0.0 0.0

VPS6 1 1.0 1.0 3 3.0 0.0 3.0

Principal scientist

1 1.0 0.0 1 1.0 1.0 2.0

Notes:





04 APPENDICES

Level Crossing Removal Authority

Ongoing employees


Total employees



Total (Head count)

Total (FTE)

Total (FTE)

Total (FTE)

June 2015 0 0 0 0.0 24.5 24.5

June 2016 0 0 0 0.0 198.4 198.4

June 2015 June 2016

Ongoing employees


Ongoing employees



Gender

Male 0 0.0 14.0 0 0.0 119.8 119.8

Female 0 0.0 10.5 0 0.0 78.6 78.6

Under 25 0 0.0 1.0 0 0.0 7.0 7.0

25-34 0 0.0 7.8 0 0.0 54.8 54.8

35-44 0 0.0 8.7 0 0.0 77.7 77.7

45-54 0 0.0 5.0 0 0.0 37.9 37.9

55-64 0 0.0 2.0 0 0.0 21.0 21.0

Over 64 0 0.0 0.0 0 0.0 0.0 0.0

VPS2 0 0.0 0.0 0 0.0 1.0 1.0

VPS3 0 0.0 2.0 0 0.0 15.0 15.0

VPS4 0 0.0 3.0 0 0.0 34.9 34.9

VPS5 0 0.0 7.8 0 0.0 37.8 37.8

VPS6 0 0.0 3.0 0 0.0 54.2 54.2

STS 0 0.0 0.0 0 0.0 6.0 6.0

Executives 0 0.0 4.7 0 0.0 13.7 13.7

Principal scientist

0 0.0 4.0 0 0.0 35.8 35.8

Notes:





Melbourne Metro Rail Authority

Ongoing employees


Total employees



Total (Head count)

Total (FTE)

Total (FTE)

Total (FTE)

June 2015 5 0 5 5.0 75.5 80.5

June 2016 5 0 5 5.0 162.4 167.4

June 2015 June 2016

Ongoing employees


Ongoing employees



Gender

Male 4 4.0 46.0 4 4.0 86.9 90.9

Female 1 1 29.5 1 1.0 15.5 76.5

Under 25 0 0.0 1.0 0 0.0 10.0 10.0

25-34 5 5.0 32.0 5 5.0 48.8 53.8

35-44 0 0.0 21.6 0 0.0 46.2 46.2

45-54 0 0.0 14.9 0 0.0 29.4 29.4

55-64 0 0.0 6.0 0 0.0 28.0 28.0

Over 64 0 0.0 0.0 0 0.0 0.0 0.0

VPS2 0 0.0 0.0 0 0.0 2.0 2.0

VPS3 0 0.0 5.0 0 0.0 22.0 22.0

VPS4 0 0.0 10.0 0 0.0 21.8 21.8

VPS5 5 5.0 23.0 4 4.0 32.6 36.6

VPS6 0 0.0 18.7 1 1.0 43.2 44.2

STS 0 0.0 0.0 0 0.0 7.0 7.0

Executives 0 0.0 8.0 0 0.0 11.9 11.9

Principal scientist

0 0.0 10.8 0 0.0 21.9 21.9

Notes:





04 APPENDICES

Regional Rail Link Authority

Ongoing employees


Total employees



Total (Head count)

Total (FTE)

Total (FTE)

Total (FTE)

June 2015 0 0 0 0.0 22.5 22.5

June 2016 0 0 0 0.0 0.0 0.0

June 2015 June 2016

Ongoing employees


Ongoing employees



Gender

Male 0 0.0 14.7 0 0.0 0.0 0.0

Female 0 0.0 7.8 0 0.0 0.0 0.0

Under 25 0 0.0 0.0 0 0.0 0.0 0.0

25-34 0 0.0 3.0 0 0.0 0.0 0.0

35-44 0 0.0 5.8 0 0.0 0.0 0.0

45-54 0 0.0 6.0 0 0.0 0.0 0.0

55-64 0 0.0 6.7 0 0.0 0.0 0.0

Over 64 0 0.0 1.0 0 0.0 0.0 0.0

VPS1 0 0.0 0.0 0 0.0 0.0 0.0

VPS2 0 0.0 0.0 0 0.0 0.0 0.0

VPS3 0 0.0 0.0 0 0.0 0.0 0.0

VPS4 0 0.0 2.0 0 0.0 0.0 0.0

VPS5 0 0.0 4.0 0 0.0 0.0 0.0

VPS6 0 0.0 9.8 0 0.0 0.0 0.0

STS 0 0.0 1.0 0 0.0 0.0 0.0

Executives 0 0.0 2.7 0 0.0 0.0 0.0

Principal scientist

0 0.0 3.0 0 0.0 0.0 0.0

Notes:




iv. Regional Rail Link Authority ceased operations during the 2015-16 financial year.


Profile of executive employees as at 30 June 2016An executive officer (EO) is defined as a person employed as a public service body head or other executive under Part 3, Division 5 of the Public Administration Act 2004. All figures reflect employment levels at the last full pay period in June of the current and corresponding previous reporting year.

The definition of an EO does not include Governor in Council appointments as statutory office holders.


Table 1: Number of EOs classified into ‘ongoing’ and ‘special projects’

All Ongoing Special projects

Class No. Var. No. Var. No. Var.

Secretary 1 0 1 0 0 0

EO-1 13 3 10 2 3 1

EO-2 58 3 52 2 6 1

EO-3 58 0 56 0 2 0

Total 130 6 119 4 11 2

Table 2: Breakdown of EOs into gender for ‘ongoing’ and ‘special projects’

Ongoing Special projects

Male Female Vacancies Male Female Vacancies

Class No. Var. No. Var. No. No. Var. No. Var. No.

Secretary 1 0 0 0 0 0 0 0 0 0

EO-1 5 -1 4 3 1 1 1 0 0 2

EO-2 33 0 15 2 4 1 1 0 0 5

EO-3 27 -4 22 4 7 0 0 0 0 2

Total 66 -5 41 9 12 2 2 0 0 9

Table 3: Reconciliation of executive numbersThe number of executives in the report of operations is based on the number of executive positions that were occupied at the end of the financial year. Note 41(a) in the Financial Statements lists the actual number of and amount of remuneration paid to EOs during the reporting period. The Financial Statements note does not distinguish between executive levels, nor does it disclose separations, vacant positions, executives whose total remuneration is below $100,000, nor does it include the Accountable Officer. Separations are those executives who received more than $100,000 in the financial year and have left the department during this year. To assist readers, these two disclosures are reconciled below.

2016 2015

Executives with total remuneration over $100,000 (Financial Statement Note 30(a)) 113 99

Add

Vacancies (Table 2) 21 42

Executives employed with total remuneration below $100,000 21 49

Executives reported in Tourism Victoria’s financial statement 5 N/A

Accountable Officer (Secretary) 1 2

Less Separations/Leave without pay (LWOP) 31 23

Total executive numbers as at 30 June 130 169

For 2015, the data reported in Table 3: Reconciliation of executive numbers reflects the data published in the 2014-15 Annual Report which was the total combined executive officer numbers for the Department of Economic Development, Jobs, Training and Resources, Level Crossing Removal Authority, Melbourne Metro Rail Authority and Regional Rail Link Authority. For the 2016 year, the executive officer numbers are reported separately for each agency.


04 APPENDICES

Level Crossing Removal Authority




EO-1 2 1 0 0 2 1

EO-2 15 5 0 0 15 5

EO-3 4 3 0 0 4 3

Total 21 9 0 0 21 9





EO-1 0 0 0 0 0 2 1 0 0 0

EO-2 0 0 0 0 0 8 5 1 0 6

EO-3 0 0 0 0 0 3 3 0 0 1

Total 0 0 0 0 0 13 9 1 0 7

Table 3: Reconciliation of executive numbersThe number of executives in the report of operations is based on the number of executive positions that were occupied at the end of the financial year. Note 41(a) in the Financial Statements lists the actual number of and amount of remuneration paid to EOs during the reporting period. The Financial Statements note does not distinguish between executive levels, nor does it disclose separations, vacant positions, executives whose total remuneration is below $100 000, nor does it include the Accountable Officer. Separations are those executives who received more than $100 000 in the financial year and have left the organisation during this year. To assist readers, these two disclosures are reconciled below.

2016 2015

Executives with total remuneration over $100,000 (Financial Statement Note 30(a)) 15 N/A

Add

Vacancies (Table 2 7 N/A

Executives employed with total remuneration below $100,000 1 N/A

Accountable Officer (Secretary) 0 N/A

Less Separations/Leave without pay (LWOP) 2 N/A

Total executive numbers as at 30 June 21 N/A

For the 2015 year, no data has been included. In the 2014-15 Annual Report, this data was combined with executive officer numbers for the Department of Economic Development, Jobs, Transport and Resources, Level Crossing Removal Authority, Melbourne Metro Rail Authority and Regional Rail Link Authority. For the 2016 year, the executive officer numbers are reported separately for each agency.


Melbourne Metro Rail Authority




Administrative Office Head 1 0 0 0 1 0

EO-1 1 1 0 0 1 1

EO-2 9 1 0 0 9 1

EO-3 4 2 0 0 4 2

Total 15 4 0 0 15 4





Administrative Office Head 0 0 0 0 0 1 0 0 0 0

EO-1 0 0 0 0 0 1 1 0 0 0

EO-2 0 0 0 0 0 5 2 1 -1 3

EO-3 0 0 0 0 0 3 1 1 1 0

Total 0 0 0 0 0 10 4 2 0 3

Table 3: Reconciliation of executive numbersThe number of executives in the report of operations is based on the number of executive positions that were occupied at the end of the financial year. Note 41(a) in the Financial Statements lists the actual number of and amount of remuneration paid to EOs during the reporting period. The Financial Statements note does not distinguish between executive levels, nor does it disclose separations, vacant positions, executives whose total remuneration is below $100,000, nor does it include the Accountable Officer. Separations are those executives who received more than $100,000 in the financial year and have left the organisation during this year. To assist readers, these two disclosures are reconciled below.

2016 2015

Executives with total remuneration over $100,000 (Financial Statement Note 30(a)) 10 N/A

Add

Vacancies (Table 2) 3 N/A

Executives employed with total remuneration below $100,000 2 N/A

Accountable Officer (Secretary) 1 N/A

Less Separations/Leave without pay (LWOP) 1 N/A

Total executive numbers as at 30 June 15 N/A

For the 2015 year, no data has been included. In the 2014-15 Annual Report, this data was combined with executive officer numbers for the Department of Economic Development, Jobs, Transport and Resources, Level Crossing Removal Authority, Melbourne Metro Rail Authority and Regional Rail Link Authority. For the 2016 year, the executive officer numbers are reported separately for each agency.


04 APPENDICES

Regional Rail Link Authority




EO-1 0 -1 0 0 0 -1

EO-2 0 -2 0 0 0 -2

EO-3 0 0 0 0 0 0

Total 0 -3 0 0 0 -3





EO-1 0 0 0 0 0 0 -1 0 0 0

EO-2 0 0 0 0 0 0 -2 0 0 0

EO-3 0 0 0 0 0 0 0 0 0 0

Total 0 0 0 0 0 0 -3 0 0 0

Table 3: Reconciliation of executive numbersThe number of executives in the report of operations is based on the number of executive positions that were occupied at the end of the financial year. Note 41(a) in the Financial Statements lists the actual number of and amount of remuneration paid to EOs during the reporting period. The Financial Statements note does not distinguish between executive levels, nor does it disclose separations, vacant positions, executives whose total remuneration is below $100 000, nor does it include the Accountable Officer. Separations are those executives who received more than $100 000 in the financial year and have left the organisation during this year. To assist readers, these two disclosures are reconciled below.

2016 2015

Executives with total remuneration over $100,000 (Financial Statement Note 30(a)) N/A N/A

Add

Vacancies (Table 2) N/A N/A

Executives employed with total remuneration below $100,000 N/A N/A

Accountable Officer (Secretary) N/A N/A

Less Separations/Leave without pay (LWOP) N/A N/A

Total executive numbers as at 30 June N/A N/A

For the 2015 year, no data has been included. In the 2014-15 Annual Report, this data was combined with executive officer numbers for the Department of Economic Development, Jobs, Transport and Resources, Level Crossing Removal Authority, Melbourne Metro Rail Authority and Regional Rail Link Authority. The Regional Rail Link Authority was abolished during 2015-16 and did not employ executive officers at 30 June 2016.


Number of executives for the portfolio agencies 30 June 2016

Key: F - Female; M - Male; I - Intersex

June 2016 June 2015 Annual change

Organisation Name F M I Total F M I Total F M I Total

Dairy Food Safety Victoria 2 2 0 4 1 1 0 2 1 1 0 2

PrimeSafe 0 1 0 1 0 1 0 1 0 0 0 0

Port of Hastings Development Authority 0 3 0 3 0 3 0 3 0 0 0 0

Victorian Major Events Company Ltd 1 2 0 3 1 2 0 3 0 0 0 0

The Wheeler Centre (Books Writing and Ideas)

0 1 0 1 0 1 0 1 0 0 0 0

Docklands Studios Melbourne 0 1 0 1 0 1 0 1 0 0 0 0

Geelong Performing Arts Centre Trust 1 0 0 1 1 0 0 1 0 0 0 0

Veterinary Practitioners Registration Board

1 0 0 1 1 0 0 1 0 0 0 0

Energy Safe Victoria 2 6 0 8 3 6 0 9 -1 0 0 -1

Public Transport Development Authority 21 27 1 49 18 19 1 38 3 8 0 11

Victorian Regional Channels Authority 0 3 0 3 0 3 0 3 0 0 0 0

Melbourne Market Authority 2 3 0 5 0 3 0 3 2 0 0 2

Federation Square Pty Ltd 1 2 0 3 2 1 0 3 -1 1 0 0

VicForests 1 5 0 6 1 4 0 5 0 1 0 1

Victorian Arts Centre Trust 6 0 0 6 3 0 0 3 3 0 0 3

Emerald Tourist Railway Board 0 3 0 3 0 2 0 2 0 1 0 1

Melbourne and Olympic Parks Trust 3 8 0 11 3 8 0 11 0 0 0 0

Port of Melbourne Corporation 5 26 0 31 7 26 0 33 -2 0 0 -2

Melbourne Recital Centre 3 3 0 6 3 1 0 4 0 2 0 2

Melbourne Convention & Exhibition Trust 3 4 0 7 3 4 0 7 0 0 0 0

Victorian Rail Track Corporation 4 15 0 19 6 11 0 17 -2 4 0 2

Australian Grand Prix Corporation 1 3 0 4 1 3 0 4 0 0 0 0

V/Line Corporation 9 43 0 52 9 29 0 38 0 14 0 14

Agriculture Victoria Services Pty Ltd 0 1 0 1 0 2 0 2 0 -1 0 -1

Greater Sunraysia Pest Free Area Industry Development Committee

0 0 0 0 0 1 0 1 0 -1 0 -1

Australian Centre for the Moving Image 2 2 0 4 1 2 0 3 1 0 0 1

Film Victoria 1 1 0 2 1 2 0 3 0 -1 0 -1

Museum Victoria 0 4 0 4 0 4 0 4 0 0 0 0

National Gallery of Victoria 1 2 0 3 1 2 0 3 0 0 0 0

State Library of Victoria 3 1 0 4 3 1 0 4 0 0 0 0

VicRoads 8 38 0 46 6 42 0 48 2 -4 0 -2

Total 81 210 1 292 75 185 1 261 6 25 0 31

Data provided by the Victorian Public Sector Commission

All figures reflect employment levels during the last pay full period in June of each year unless otherwise stated.

Excluded are those on leave without pay or absent on secondment, external contractors / consultants and temporary staff employed by employment agencies.


04 APPENDICES

Appendix 5: Office-based environmental performance DEDJTR exceeds statutory obligations under Financial Reporting Direction 24C (FRD 24C) to report on office-based activities by reporting on a wide range of its facilities and operations. The DEDJTR accommodation portfolio includes both state and international sites comprising:

• offices

• depots

• laboratories and research facilities.

In accordance with the FRD 24C guidelines, wherever an entity’s staff are co-located within a DEDJTR managed site, DEDJTR is responsible for reporting the environmental performance of that site.

DEDJTR aims to reduce environmental impacts and associated financial costs through both staff behaviour change campaigns and environmental infrastructure improvement programs. The environmental representatives lead six staff behaviour change campaigns a year focussing on all key elements of environmental reporting.

Energy

2015-16 2014-15

Indicator

Total energy consumption (MJ) 142,412,250 (i) 133,092,952

Electricity (excluding green power) 99,391,975 80,582,966

Green power 0 (ii) 0 (ii)

Natural gas 43,020,275 52,507,985

Office energy consumption (MJ) 22,308,936 27,227,633

Greenhouse gas emissions from total energy consumption (tonnes CO2-e) 34,787 (i) 29,109

Percentage of electricity purchased as green power 0% (ii) 0% (ii)

Units of energy used per FTE (MJ/FTE) 11,718 16,673 (iii)

Units of energy used per unit of office area (MJ/m2) 400 (iv) 367

Number of FTEs 2,839 2,890

Office Tenancy m2 (for reported sites) (v) 55,818 (vi) 74,141

Number of reported sites 54 (vii) 42

Notes

i. Only 16 per cent of energy consumed in 2015-16 is associated with offices. Fifty per cent of total energy consumed in 2015-16 was at the AgriBio research centre in Bundoora. Energy consumption and greenhouse gas emissions have increased due to increased levels of activity at this site. With the exclusion of this site, DEDJTR would show a six per cent reduction in total energy consumption over the two years.

ii. Government departments are not required to purchase any green power.

iii. DEDJTR now has accurate FTE figures by site, so the 2014-15 figure of 9422 MJ/FTE has been corrected.

iv. Office consolidations are still underway and National Australian Built Environment Rating Systems (NABERS) criteria continues to be a factor in all new lease negotiations. This will ultimately result in a reduced carbon footprint and vacating less energy efficient office space.

v. An average taken over the 12- month period.

vi. Several government agencies now occupy space within DEDJTR CBD sites that are not in scope for inclusion in departmental annual reporting.

vii. Following the formation of DEDJTR, data has become available on additional sites that weren’t previously reported.


Actions and achievements • DEDJTR was a City Switch 2015 state finalist for

staff behaviour change programs and building energy efficiency upgrades. City Switch is a national initiative to reduce energy consumption

• In March 2016 DEDJTR participated in the global Earth Hour event to promote and improve office energy efficiency

• An environmental behaviour change campaign took place at DEDJTR throughout July and August 2015 with the objective of reducing office energy consumption.

Future objectives• By December 2016 DEDJTR will have replaced

inefficient incandescent and halogen lighting with LED lighting at DEDJTR managed sites in Victoria. DEDJTR will continue to undertake further LED lighting upgrades throughout existing and new tenancy spaces as funding permits

• By December 2016 DEDJTR will have implemented automatic energy saving modes on all desktop computers

• DEDJTR will undertake detailed energy audits at the largest sites to help plan for ways to reduce future energy consumption as funding permits.

Water

2015-16 2014-15

Indicator

Total water consumption (kL) 101,609 (i) 114,718

Office water consumption (kL) 21,771 35,720

Units of metered water consumed in offices per FTE (kL/FTE) 11.9 21.3 (ii)

Units of metered water consumed in offices per unit of office area (kL/m2) 0.4 0.5


Office tenancy m2 (for reported sites) (iii) 51,428 (iv) 70,183

Number of reported sites 28 (iv) 35

Notes:

i. Only 21 per cent of water consumed in 2015-16 is associated with office consumption, the remaining consumption was by research centres, laboratories and depots. 42 per cent of total water consumed in 2015-16 was by the AgriBio research centre in Bundoora. The main reduction in water consumption is linked to 121 Exhibition Street where agencies occupying floors are not in scope for inclusion in departmental annual reporting.

ii. DEDJTR now has accurate FTE figures by site, so the 2014-15 figure of 12.4 kL/FTE has been corrected.

iii. An average taken over the 12-month period.

iv. DEDJTR does not always receive data from sites where water is paid for by the building owners; this is why there are fewer sites recorded for water consumption than energy consumption. DEDJTR also uses but does not measure or report water sourced from bores, local waterways and captured stormwater.

Actions and achievements• An environmental behaviour change campaign

took place at DEDJTR throughout January and February 2016 (in partnership with City West Water) with the objective of reducing office water consumption.

Future objectives

• DEDJTR will continue to seek further ways to reduce its water consumption over the next financial year.


04 APPENDICES

Paper

2015-16 2014-15

Indicator

Total units of copy paper purchased (reams) 43,239 (i) 42,740

Units of copy paper used per FTE (reams/FTE) 15.2 (i) 14.8

75-100% recycled content 95% (ii) 90%

50-74% recycled content 1% 1%

0-49% recycled content 4% 9%


Notes:

i. DEDJTR paper purchasing is calculated using data from the government stationery supplier, Complete Office Supplies. There has been a marginal increase in paper purchasing this financial year

ii. Restrictions are now in place to prevent any white paper being purchased with less than 80 per cent recycled content. All coloured paper available for purchasing continues to have no recycled content.

Actions and achievements• An environmental behaviour change campaign

took place at DEDJTR throughout May and June 2016 with the objective of reducing paper purchased and the volume of printing.

Future objectives• DEDJTR continues to promote electronic

records management in preference to hard copy documentation

• DEDJTR will continue to seek further ways to reduce its paper consumption over the next financial year.


Waste and recycling

2015-16 2014-15

Indicator

Total units of waste disposed of by destination (kg) 259,549 (i) 133,873

Landfill (kg) 71,834 28,402

Comingled recycling (kg) 27,742 4,526

Paper and card (kg) 59,057 39,447

Secure documents (kg) 78,421 48,942

Organics (kg) 22,495 11,555

Total units of waste disposed of per FTE by destination (kg/FTE) 91.4 (i) 46.0

Landfill (kg/FTE) 25.3 9.8

Comingled recycling (kg/FTE) 9.8 1.6

Paper and card (kg/FTE) 20.8 13.7

Secure documents (kg/FTE) 27.6 16.9

Organics (kg/FTE) 7.9 4.0

Recycling rate (%) 72% 79%

Greenhouse gas emissions associated with waste (tonnes CO2-e) 79 (i) 31


Number of sites audited 6 (ii) 1 (i)

Notes:

i. The 2015-16 data shows an improved data collection methodology and will form the baseline for future reporting years. The comparison for 1 Spring Street over both reporting years shows a marginal increase only as a result of changing tenancies throughout the building

ii. The 2015 waste audits were exclusive to 1 Spring Street where 30 per cent of DEDJTR staff were located. The 2016 waste audits were undertaken at an additional five sites to further improve data accuracy. This sample of data was then extrapolated across the whole department to estimate the overall results.

Actions and achievements• A Stationery Freecycle collection point operates

at 1 Spring Street (and at other sites during offices moves) to encourage recycling, minimise waste and reduce the amount of stationery ordered. Items that are not reused are donated to Green Collect or the DEDJTR Kids Club program – supporting childcare centres and schools throughout Victoria.

• In 2015-16, 5393 kilograms of material was donated to Green Collect and 1345 kilograms of used toner cartridges were given to Close the Loop. DEDJTR does not record the weight of items kept by Stationery Freecycle or items donated to the DEDJTR Kids Club program

• An environmental behaviour change campaign took place at DEDJTR throughout March and April 2016 to help improve waste awareness and promote recycling.

Future objectives• Office furniture and fit-out materials will continue

to be reused, reducing waste generated by office fit-out projects

• DEDJTR will continue to seek further ways to reduce its waste over the next financial year.


04 APPENDICES

Travel and transport

2015-16 2014-15

Indicator

Total energy consumption by fleet vehicles (MJ) 42,918,912 (i) 34,345,997

Diesel 25,263,937 17,328,152

LPG 3,813,097 3,955,237

Unleaded 8,524,532 10,102,961

Hybrid 5,317,346 2,959,647

Total distance travelled by fleet vehicles (km) 10,898,889 (i) 10,374,566

Diesel 5,659,410 4,481,848

LPG 1,040,338 1,165,963

Unleaded 2,466,313 3,444,408

Hybrid 1,732,828 1,282,347

Greenhouse gas emissions from fleet vehicles (tonnes CO2-e) 2,954 (i) 2,356

Diesel 1,758 1,206

LPG 232 240

Unleaded 593 703

Hybrid 370 206

Greenhouse gas emissions from fleet vehicles per 1,000km (tonnes CO2-e) 0.27 0.23

Total distance travelled by aeroplane (km) 5,973,579 (ii) 7,002,274

Greenhouse gas emissions from air travel (tonnes CO2-e) 1,552 1,820

Employees regularly using sustainable transport to get to work (iii) CBD Metro Regional CBD Metro Regional

90% 42% 20% 89% N/A N/A

Notes:

i. DEDJTR now has an improved system in place for making sure staff complete vehicle log sheets. This has resulted in improved data accuracy over the last 12 months. The type of vehicle fleet has also changed with increasing numbers of larger vehicles using diesel resulting in an increase in greenhouse gas emissions. This data covers staff pool fleet vehicles and government pool vehicles only (managed by the Shared Services Provider, Department of Treasury and Finance). Data was obtained from fuel purchase records, lease data for vehicles and VicFleet. Accuracy is dependent on staff completing vehicle log sheets.

ii. DEDJTR staff air travel and associated greenhouse gas emissions are calculated using data from the government travel agent, FCM Travel Solutions.

iii. Staff travel surveys are conducted every October.

Actions and achievements• DEDJTR minimises travel by using telephone and

video conferencing facilities whenever possible

• Staff are encouraged to utilise public transport options wherever possible

• The Bicycle User Group continues to be widely promoted to help increase the profile of cycling across DEDJTR

• An environmental behaviour change campaign took place at DEDJTR throughout September and October 2015 to help promote sustainable and smarter travel options to staff.

Future objectives• DEDJTR will continue to seek further ways to

reduce its travel over the next financial year.


Sustainable procurement

Actions and achievements• DEDJTR continues to consider the environment

when procuring stationery, IT equipment, fleet vehicles and office furniture

• The default A4 white printer paper continues to have 80 per cent recycled content

• DEDJTR continues to promote its Stationery Freecycle scheme to staff resulting in reductions in the amount of stationery ordered. The purchase of stationery products containing recycled materials is also promoted

• through the Whole-of-Victorian-Government contract with Complete Office Supplies

• An environmental behaviour change campaign took place at DEDJTR throughout November and December 2015 to help promote greener procurement options to staff.

Future objectives• DEDJTR will continue to help drive environmental

awareness and further reduce its environmental impacts by purchasing products derived from items associated with its many recycling program

Greenhouse gas emissions

2015-16 2014-15

Indicator

Total Greenhouse gas emissions (tonnes CO2-e) 39,372 (i) 33,316

Energy (tonnes CO2-e) 34,787 (i) 29,109

Fleet vehicles (tonnes CO2-e) 2,954 (ii) 2,356

Air travel (tonnes CO2-e) 1,552 1,820

Office waste (tonnes CO2-e) 79 (iii) 31

Notes:

i. The main increase in greenhouse gas emissions for DEDJTR is linked to increased activity at the AgriBio research centre in Bundoora.

ii. T here has been an increase in fleet vehicle travel over the last 12 months. The type of vehicle fleet has also changed with increasing numbers of larger vehicles using diesel resulting in an increase in greenhouse gas emissions.

iii. The 2015-16 data shows an improved methodology of data collection and will form the baseline for future reporting years. The comparison for 1 Spring Street over both reporting years shows a marginal increase only as a result of changing tenancies throughout the building.

Future objectives• DEDJTR will continue to seek further ways

to reduce its greenhouse gas emissions over the next financial year.

Future environmental initiatives• The department will continue to explore ways

to reduce its environmental impacts, through both staff behaviour change campaigns and environmental infrastructure improvement programs. This process will consider the impacts across all sites to incorporate regional, interstate and international offices.

• DEDJTR continues to use an environmental data tracking system in partnership with DELWP to improve both the quality of data and reporting.


04 APPENDICES

Appendix 6: Implementation of the Victorian Industry Participation Policy The Victorian Industry Participation Policy Act 2003 requires departments and public sector bodies to report on the implementation of the Victorian Industry Participation Policy (VIPP).

Departments and public sector bodies are required to apply VIPP in all procurement activities valued at $3 million or more in metropolitan Melbourne and for statewide projects, or $1 million or more for procurement activities in regional Victoria.

Contracts commenced in 2015-16, to which the VIPP appliedDuring 2015-16, the department commenced 19 VIPP applicable procurements totalling approximately $663 million. Preparation of a VIPP plan was not required for 12 procurements, as the procurement activities were local by nature, with an estimated average of 98 per cent local content.

Contracts completed in 2015-16 to which the VIPP appliedDuring 2015-16 the department completed five VIPP applicable projects valued at approximately $58.7 million. The projects concluded in late 2015-16 and outcomes from the implementation of the VIPP are currently being quantified. The commitments set for the project were:

• 86 per cent local content

• the creation of six new jobs and retention of 12 existing jobs AEE*

• the creation of one new apprenticeship/traineeship and retention of three existing apprenticeships/ traineeships.

During 2015-16, a total of 19 Interaction Reference Numbers were required for design contracts or grants provided in the reporting period, which entailed 19 conversations with the Industry Capability Network (Victoria) Ltd.

*AEE - Annualised employee equivalent is calculated by dividing the total number of ordinary working hours that an employee worked and was paid over the reporting period by the total number of work hours per annum.

Appendix 7: Government advertising expenditure DEDJTR advertising expenditure with a media spend of $100,000 or greater

Name of Campaign Campaign summary Start/End date

Advertising (media)

expenditure 2015-16

Creative and campaign

development expenditure

2015-16

Research and evaluation

expenditure 2015-16

Print and collateral

expenditure 2015-16

Other campaign expenditure

2015-16

All excluding GST

Powerline Bushfire Safety Program

Your Guide to Power Outages is a public information campaign to inform Victorians to be prepared for the possibility of power outages in extreme weather conditions.

Jan to Feb 2016

$100,000 $2,000 $8,000 $8,000

Small Business Festival Victoria

Promote Small Business Festival Victoria to support small business across Victoria.

1 Jul to 31 Aug 2015

$221,687 $38,568 $127,900 $374,623 $669,071

Victorian Energy Compare

Promote the launch of the new Victorian Energy Compare energy price comparison website.

Oct 2015 to Mar 2016

$399,024 $93,988 $22,500 $13,505 $138,992

Level Crossing Removal Authority (LXRA)

Provide advance notice to communities, including residents, traders, road and rail users, of disruptions associated with level crossing removal works.

The campaign aims to motivate the public to seek information and make alternative plans.

1 Jul 2015 to 30 Jun 2016

$1,210,646 $383,242 $30,809 $40,472


Appendix 7: Government advertising expenditure DEDJTR advertising expenditure with a media spend of $100,000 or greater

Name of Campaign Campaign summary Start/End date

Advertising (media)

expenditure 2015-16

Creative and campaign

development expenditure

2015-16

Research and evaluation

expenditure 2015-16

Print and collateral

expenditure 2015-16

Other campaign expenditure

2015-16

All excluding GST

Powerline Bushfire Safety Program

Your Guide to Power Outages is a public information campaign to inform Victorians to be prepared for the possibility of power outages in extreme weather conditions.

Jan to Feb 2016

$100,000 $2,000 $8,000 $8,000

Small Business Festival Victoria

Promote Small Business Festival Victoria to support small business across Victoria.

1 Jul to 31 Aug 2015

$221,687 $38,568 $127,900 $374,623 $669,071

Victorian Energy Compare

Promote the launch of the new Victorian Energy Compare energy price comparison website.

Oct 2015 to Mar 2016

$399,024 $93,988 $22,500 $13,505 $138,992

Level Crossing Removal Authority (LXRA)

Provide advance notice to communities, including residents, traders, road and rail users, of disruptions associated with level crossing removal works.

The campaign aims to motivate the public to seek information and make alternative plans.

1 Jul 2015 to 30 Jun 2016

$1,210,646 $383,242 $30,809 $40,472


04 APPENDICES

Appendix 8: Consultancy expenditureThe department defines a consultant as a particular type of contractor engaged primarily to perform a discrete task that facilitates decision making through the provision of expert analysis and advice; and/or the development of a written report or other intellectual output.

Details of individual consultancies where the total fees payable to the consultants were $10,000 or greater, and a summary of consultancies under $10,000, can be found on the department’s website.

Appendix 9: Disclosure of major contractsThe department has disclosed, in accordance with the requirements of government policy and accompanying guidelines, all contracts greater than $10 million in value which it entered into during the year ended 30 June 2016. Details of contracts that have been disclosed in the Victorian Government contracts publishing system can be viewed at: tenders.vic.gov.au

Contractual details have not been disclosed for those contracts for which disclosure is exempted under the Freedom of Information Act 1982 and/or government guidelines.


Appendix 10: Information and Communication Technology expenditure For the 2015-16 reporting period, the department had a total ICT expenditure of $ 110.13 million with the details shown below.

BAU ICT expenditure

Non-BAU ICT expenditure

Operational expenditure

($ million)

Capital expenditure

($ million)

Total Total = A+ B A B

DEDJTR 102.648 5.544 0 5.544

Office of the Coordinator-General 1.512 0.401 0.265 0.136

Major Projects Victoria 0.025 0 0 0

Total 104.185 5.945 0.265 5.68

ICT expenditure refers to the department’s costs in providing business-enabling ICT services. It comprises Business As Usual (BAU) ICT expenditure and Non-Business As Usual (Non-BAU) ICT expenditure.

Non-BAU ICT expenditure relates to extending or enhancing the department’s current ICT capabilities. BAU ICT expenditure is all remaining ICT expenditure which primarily relates to ongoing activities to operate and maintain the current ICT capability.


04 APPENDICES

Appendix 11: Freedom of InformationVictoria’s Freedom of Information Act 1982 (FOI Act) gives members of the public the right to apply for access to documents held by ministers, Victorian Government departments, local councils, public hospitals, statutory authorities and most semi-government agencies. These FOI statistics for 2015-16 include the Level Crossing Removal Authority and Melbourne Metro Rail Authority.

Total FOI requests 285

FOI requests from Members of Parliament

162

FOI requests from media 46

FOI requests (other) 77

Total FOI Commissioner reviews 13

Total VCAT appeals 1

Lodging FOI requests

A request must be made in writing and accompanied by the application fee. Requests should be addressed to the relevant officer in each organisation.

Department of Economic Development, Jobs, Transport and Resources:Freedom of Information Manager


GPO 4509 Melbourne VIC 3001 Telephone (03) 8392 6244. Email [email protected]

Melbourne Metro Rail Authority:Freedom of Information Officer Melbourne Metro Rail Authority

GPO Box 2797 Melbourne VIC 3001 Email [email protected]

Level Crossing Removal Authority:Freedom of Information Officer Level Crossing Removal Authority

GPO Box 4509 Melbourne VIC 3001 Email: [email protected]

Requests can also be lodged online at foi.vic.gov.au

Appendix 12: Feed-in tariffs Quarterly reporting information as provided by relevant Victorian retailersThe Electricity Industry Act 2000 requires Victorian electricity retailers with more than 5000 customers (relevant retailers) to provide a quarterly report on the general feed-in tariff scheme as a condition of its licence to sell electricity.

Relevant retailers must report on:

• the number of small renewable energy generation facilities from which electricity was generated and sold to the licensee in the three months prior to the reporting day

• the total amount of electricity generated by means of small renewable energy generation facilities and purchased by the licensee in the three months prior to the reporting day.

General feed-in tariff scheme includes the standard feed-in tariff scheme and the generally available feed-in tariff scheme.

Aggregate energy exports have been converted to kWh (where reported in MWh) and all ‘installed capacity’ and ‘aggregate energy export’ data has been rounded up to the nearest whole number.

Note:

• Standard feed-in-tariff scheme – this scheme closed to new applicants on 31 December 2012 and ends on 31 December 2016

• Generally available feed-in tariff scheme – this scheme has been in place for new customers since 1 January 2013.


30 June 2016 report

Retailer

Number of systems where exports generated and sold to retailer for

previous three month period

Total amount generated and purchased from these systems for

previous three month period (kWh)

AGL 1,473 666,757

Click Energy 1,461 763,910

Dodo Power and Gas 2,647 1,874684

Energy Australia 17,879 1,894,661

Lumo Energy 9,304 5,595,980

Momentum 7,567 3,065,449

Origin Energy 3,458 1,029,887

Powerdirect 1,699 1,569,037

Red Energy 3,854 7,078,724

Simply Energy 9,211 5,811,381

Alinta Energy 4,228 1,863,072

People Energy 193 97,178

Powershop 3,890 1,423,730

Sumo Energy 688 355,355

31 March 2016 report

Retailer





AGL 1711 1,245,046

Click Energy 1,266 1,171,354

Dodo Power and Gas 2,143 2,195,565


Lumo Energy 8,879 8,658,220

Momentum 7,275 7,201,091



Red Energy 3,659 9,369,853

Simply Energy 16,326 15,826,394



Powershop 3,470 2,669,998



04 APPENDICES

31 December 2015 report

Retailer





AGL 1,808 990,016

Click Energy 1,165 1,112,606

Dodo Power and Gas 2,102 1,523,114


Lumo Energy 8,659 7,847,420

Momentum 6,946 4,992,556



Red Energy 3,540 7,174,035

Simply Energy 12,737 10,506,049



Powershop 3,044 2,764,561


30 September 2015 report

Retailer





AGL 2,086 517,615

Click Energy 1,130 429,889

Dodo Power and Gas 1,770 64,3769


Lumo Energy 8,212 3,014,940

Momentum 6,496 1,726,215



Red Energy 3,427 3,539,828

Simply Energy 14,775 9,834,909



Powershop 2,571 1,061,212



Annual reporting information provided by Victorian distribution businesses The Electricity Industry Act 2000 requires Victorian electricity distribution businesses to provide an annual report on the premium feed-in tariff (PFiT) scheme and the transitional feed-in tariff (TFiT) scheme as a condition of its licence to distribute electricity.

Distribution businesses must report on:

• the number of qualifying solar energy generating facilities connected, on the reporting day, to a distribution system operated by that licensee

• the aggregate installed or name-plate generating capacity of qualifying solar energy generating facilities connected, on the reporting day, to a distribution system operated by that licensee

• the total amount of qualifying solar energy generation electricity conveyed, in the 12 months prior to the reporting day, along a distribution system operated by that licensee.

Note:

• For 2014-15 PFiT scheme reporting requirements have changed from biannually to annually and TFiT scheme reporting requirements have changed from monthly reporting to annually. The reporting day is 31 December of each year

• Aggregate energy exports have been converted to kWh (where reported in MWh) and all installed capacity and aggregate energy export data has been rounded up to the nearest whole number.

PFiT reporting as at 31 December 2015

AusNet Services Jemena Powercor CitiPower United Energy

Number of PFiT customers 30,008 7,790 29,638 3,522 17,939

Installed capacity (kW) 60,902 12,565 60,962 6,111 31,084

Aggregate energy exports (kWh) 41,745,635 9,537,177 44,786,000 3,998,000 20,579,249

PFiT reporting as at 31 December 2015

AusNet Services Jemena Powercor CitiPower United Energy

Number of PFiT customers 19,838 5447 21,632 1,406 10,600

Installed Capacity (kW) 55,136 14,045 64,990 4,129 27,871

Aggregate energy exports (kWh) 43,500,989 10,730,004 50,580,000 2,414,000 18,010,239


04 APPENDICES

Appendix 13: Advanced Metering Infrastructure (AMI)The Energy Policy and Programs objective is to deliver policy frameworks and delivering programs that ensure consumers benefit from competitive, efficient, reliable and safe energy services.

AMI helps to deliver a competitive, efficient, reliable and safe energy sector for Victoria. In addition, AMI seeks to achieve a sustainable and growing renewable energy sector through efficient and effective regulation and responsible development that will make a significant long-term contribution to the economy.

Highlights of the program rollout include:

• completing the widespread installation of smart meters to approximately 99 per cent of eligible customers representing more than 2.8 million residences and small businesses, enabling innovation in tariffs, enhanced demand management and energy efficiency

• uncovering more than 40,000 faulty meter boards and almost 23,000 cases of faulty wiring, the repair of which has greatly reduced the potential for harm, property damage and house fires

• reducing costs to consumers with remote meter reading, reconnection and disconnection capabilities

• providing timely, direct and complete information enabling distributors to safely manage the increasing volumes of distributed generation, particularly solar PV

• empowering customers to better manage their costs, energy consumption and environmental impact by providing relevant data to them via retailer and distributor web portals as well as in-home-displays

• the Victorian Energy Compare (VEC) online price comparison platform which utilises smart meter data and technology to provide recommendations to Victorians about which energy offers are best for their usage habits. VEC (or its predecessor) has been used by over 450,000 people, and 70 per cent of users can save at least $220 in electricity costs and $150 in gas costs, per year, by switching to the most competitive offer. If all users switched to the cheapest electricity offer available, it is estimated they could save more than $430 million in total in the first year alone1

• helping to achieve one of the most reliable and low cost electricity networks in Australia.

Results

IndicatorUnit of measure

Previous result 2014-15

Result 2015-16

Value of accrued benefits achieved from the first (rollout) stage of the Advanced Metering Infrastructure program2

Accrued benefits achieved (in 2015 dollars)

$825 million (Program to Dec 2014)

$980 million (Program to Dec 2015)

1 450,000 people have used the government’s online price comparison service since 17 September 2013. Analysis of savings shows that 70 per cent of these users could save at least $220, so the potential statewide savings were derived thus: 2,800,000 installed smart meters x 70 per cent x $220 = $431.2 million.

2 Valuation is limited to benefits attributed to smart meters based on the 2011 Deloitte Cost Benefit Analysis, reported by distributors only and excludes the (commercially confidential) benefits accrued by retailers.


Appendix 14: Better Roads Victoria Trust Account The Victorian Government’s Better Roads Victoria Trust was established in 1993 under the Business Franchise (Protection Products) Act 1979.

From 1 July 2015, the government has effected changes to the operation of the Better Roads Victoria Trust with an aim to improve transparency and establish a clear linkage between the Better Roads Victoria Trust and the projects and activities it funds. This includes the $2 billion commitment over eight years for the repair and upgrade for roads in outer suburban and interface communities and the repair and upgrade of roads and level crossings in rural and regional communities.

Cash balance of the trust

2015-16 Actual $million

Opening cash balance 925.0

Receipts into the trust

Traffic camera and on-the-spot speeding fines revenue 398.7

Payments from the trust

Total payments from the trust 301.5

Closing cash balance 1,022.3

Revenue and expenditure detail

2015-16 Actual $million

Opening balance 925.0

Revenue source

Traffic camera and on-the-spot speeding fines revenue 398.7

Total funding available 1,323.7

EXPENDITURE ITEMS1

Expenditure towards $2 billion commitment

Outer suburban expenditure 21.3

Rural and regional expenditure 68.7

Total expenditure on projects included in the $2 billion commitment 90.0

Expenditure on other projects not included in the $2 billion commitment

Election commitments 16.6

Freeways 2.1

Other approved projects 157.6

Total expenditure on other projects 176.2

Total expenditure funded from trust 266.2

Movement in accounts payable (35.2)

Closing balance 1,022.3

1. Based on accrual accounting principles.


04 APPENDICES

Appendix 15: Compliance and attestations

Compliance with the Building Act 1993DEDJTR complied with its obligations under the Building Act 1993, the Building Regulations 2006 and other Victorian legislation referenced by the Building Commission. Either an Occupancy Permit or a Certificate of Final Inspection was obtained for new facilities or for upgrades to existing facilities endorsed by a municipal building surveyor or a registered building surveyor practitioner.

Major works projects (more than $50,000) commenced or completed in 2015-16 include:

• the redevelopment of the department’s Attwood offices

• electrical upgrades at the department’s Mildura, Horsham and Hamilton sites

• an extension to the Earth Resources Core Library

• Epping Markets office refurbishment

• Bendigo Pig Laboratories safety upgrade

• the construction of two Snobs Creek plankton ponds.

Maintenance of buildings in a safe and serviceable conditionThe department directly manages 63 facilities across the state, with the majority of the department’s leased office portfolio being managed by the Department of Treasury and Finance’s shared service provider. The department-owned portfolio includes offices, combined office/depot sites, depots, farms and research facilities.

The department maintains these facilities in a safe and serviceable condition and provides annual essential safety measures reports for the buildings. Each location has nominated health and safety representatives, along with first aid officers. DEDJTR undertakes detailed condition reports of each property biannually to ensure buildings are well maintained and that any safety issues are identified and addressed.

National Competition Policy In 1995, the Commonwealth and state and territory governments agreed to implement the National Competition Policy reform package.

Under the National Competition Policy, the guiding legislative principle is that legislation, including future legislative proposals, should not restrict competition unless it can be demonstrated that:

• the benefits of the restriction to the community as a whole outweigh the costs

• the objectives of the legislation can only be achieved by restricting competition.

Competitive neutrality requires government businesses to ensure that where services compete, or potentially compete with the private sector, any advantage arising solely from their government ownership is removed if not in the public interest.

Government businesses are required to cost and price these services as if they were privately owned and therefore be fully cost reflective.

Competitive neutrality policy provides government businesses with a tool to enhance decisions on resource allocation. However, this policy does not override other policy objectives of government and focuses on efficiency in the provision of services.

The department continues to apply the competition assessment guidelines in the Victorian Guide to Regulation to all new legislative proposals.

The department continued to comply with the requirements of the National Competition Policy, including as set out below.

EnergyThe department introduced changes to legislation aimed at increasing competition and improving consumer choice in the energy sector including but not limited to:

• improving the information available to consumers about energy retail offers, by requiring gas and feed-in tariff offers to be submitted to the Victorian Government’s energy price comparator tool, Victorian Energy Compare1

• a prohibition on energy retail contract exit fees (removing a barrier to consumers changing energy retailers) and requiring energy retailers to publish default retail energy prices on prescribed days (preventing potential anti-competitive conduct on the part of energy retailers)2

1. Energy Legislation Amendment (Publication of Retail Offers) Act 2016, which commenced on 1 October 2015.

2. Energy Legislation Amendment (Consumer Protection) Act 2015, which commenced operation on 1 January 2016.


TransportIn the transport sector, the department contributed to the improved industry competition in the rail, marine and heavy vehicles sectors by monitoring improved harmony in the relevant national transport regulation schemes. The department supported reforms implemented under the national maritime scheme enabling private vessel surveyors to provide survey services to domestic commercial vessel owners, in competition with surveyors employed by state and territory marine safety agencies. From 2 January 2015, private surveyors have been able to compete with Victoria’s local marine safety regulator, Transport Safety Victoria.

Compliance with DataVic Access Policy In August 2012, the Victorian Government released the DataVic Access Policy, which enables the sharing of government data at no, or minimal, cost to users. Under the policy, data is progressively published in a new-technology format on the Victorian Government Data Directory (data.vic.gov.au) to minimise access costs and to maximise use and reuse.

DEDJTR data was mainly categorised by spatial, planning, and geological and geophysical categories and in 2015-16, the total number of datasets contributed to the directory was approximately 240.

Consistent with the DataVic Access Policy, the financial statements, performance statements and tables included in this annual report will be available at data.vic.gov.au

Compliance with the Fisheries Act 1995Under section 101 of the Fisheries Act 1995, DEDJTR is required to report on the number of personal searches conducted each year, including the type and number of priority species found during the course of those searches.

During 2015-16, two personal searches uncovered 14 abalone of which 12 were undersize.

Compliance with the Mineral Resources (Sustainable Development) Act 1990 Pursuant to section 105 of the Mineral Resources (Sustainable Development) Act 1990, the Mining Warden is required to submit a report to the minister within three months after the end of the financial year.

This report must include the following:

1. Nature and status of any dispute referred to the Mining Warden under section 97: seven new cases were referred and investigated.

2. Nature and status of any matter referred under section 98: one matter was referred and investigated.

3. Other activities commenced, conducted and completed under this Act: five cases from previous years also required attention.

A further 21 general enquiries or issues were administered by the office.

Attestation for compliance with Ministerial Direction “I, Richard Bolt, certify that the Department of Economic Development, Jobs, Transport and Resources has partially complied with the Ministerial Standing Directions 4.5.5 – Risk Management Framework and Processes.

The department will be working to build on the significant work undertaken to date to consolidate the operations of all legacy departments under one risk management framework and policy; and to progressively strengthen its risk management processes to contribute to the identification and management of both inter-agency, state significant risks across government and the department’s insurable risk profile.

The Department of Economic Development, Jobs, Transport and Resources Audit and Risk Committee believes this to be a reasonable statement at this time.”

Secretary Department of Economic Development, Jobs, Transport and Resources 26 August 2016


04 APPENDICES

Compliance with the Protected Disclosure Act 2012The Protected Disclosure Act 2012 was formerly known as the Whistleblowers’ Protection Act 2001, and encourages and assists people in making disclosures of improper conduct by public officers and public bodies. The Act provides protection to people who make disclosures in accordance with the Act and establishes a system for the matters disclosed to be investigated and rectifying action to be taken.

The department does not tolerate improper conduct by employees, nor the taking of reprisals against those who come forward to disclose such conduct.

It is committed to ensuring transparency and accountability in its administrative and management practices and supports the making of disclosures that reveal corrupt conduct, conduct involving a substantial mismanagement of public resources or conduct involving a substantial risk to public health and safety or the environment.

The department will take all reasonable steps to protect people who make such disclosures from any detrimental action in reprisal for making the disclosure. It will also afford natural justice to the person who is the subject of the disclosure to the extent it is legally possible.

Reporting proceduresDisclosures of improper conduct or detrimental action by the department or any of its employees or officers may be made to any of the following department personnel:

• the protected disclosure coordinator

• the secretary of the department

• a manager or supervisor of a person from the department who chooses to make a disclosure

• a manager or supervisor of a person from the department about whom a disclosure has been made.

Alternatively, disclosures of improper conduct or detrimental action by the department or any of its employees or officers may also be made directly to the Independent Broad-based Anti-corruption Commission (IBAC):

Level 1, North Tower, 459 Collins Street Melbourne Victoria 3000 Telephone: 1300 735 135 ibac.vic.gov.au

Any disclosures about portfolio entities must be made directly to IBAC.

Further informationThe Protected Disclosure Policy and Procedures, which outlines the system for reporting disclosures of improper conduct or detrimental action by the department or any of its employees or officers, are available on the DEDJTR website at economicdevelopment.vic.gov.au

The IBAC website contains further information about protected disclosure policies and procedures

Disclosures under the Protected Disclosures Act 2012

Indicator Total 2015-16 Total 2014-15

Assessable disclosures 3 0


Appendix 16: Grants and related assistance As in previous years, the department has provided assistance to companies and organisations. The department’s investment attraction and industry support activities include facilitative and financial assistance. In 2015-16, financial assistance of $72.3 million was granted to the companies listed below. Details of individual grant payments have not been disclosed, as they are deemed commercial-in-confidence.

ALLIED MILLS AUSTRALIA PTY LTD

ASP AUSTRALIA EVENTS PTY LTD

ASSOCIATED KILN DRIERS PTY LTD

ASURION AUSTRALIA PTY LTD

AUSTRALIAN LAMB (COLAC) PTY LTD

AUSTRALIAN MEAT GROUP PTY LTD

AUSTRALIAN RUGBY LEAGUE COMMISSION LIMITED

BA LIMITED

CHOCOLATE DESTINATIONS SURF COAST PTY LTD

CSL BEHRING (AUSTRALIA) PTY LTD

DEAKIN UNIVERSITY

ELECTRICAL DESIGN & CONSTRUCTION PTY LTD

FILM VICTORIA

FORD MOTOR COMPANY OF AUSTRALIA LIMITED

HARDWICKS MEAT WORKS PTY LTD

HAY AUSTRALIA PTY LTD

HICKORY BUILDING SYSTEMS PTY LTD

IBM AUSTRALIA LTD

INENCO GROUP PTY LTD

INTERNATIONAL MANAGEMENT GROUP OF AMERICA PTY LTD

IVECO TRUCKS AUSTRALIA LTD

JETSTAR AIRWAYS PTY LTD

KAITEKI FRESH AUSTRALIA PTY LTD

LANGTECH INTERNATIONAL PTY LTD

MEREDITH DAIRY PTY LTD

MONDELEZ AUSTRALIA PTY LTD

NINE TOURING AND EVENTS PTY LTD

NU-EDGE SOLUTIONS AUSTRALIA PTY LTD

PI SBK PTY LTD

SELEX ES AUSTRALIA PTY LTD

SILVERSTRIPE AUSTRALIA PTY LTD

SKY SOFTWARE PTY LTD

SPC ARDMONA LIMITED

SQUARE AU PTY LTD

THALES AUSTRALIA LIMITED

THE HERALD AND WEEKLY TIMES PTY LIMITED

THE ROYAL GEELONG YACHT CLUB INC

TIGER AIRWAYS AUSTRALIA PTY LIMITED

TPI ENTERPRISES LTD

TWENTIETH SUPER PACE NOMINEES PTY LTD

VICTORIAN MAJOR EVENTS COMPANY LIMITED

YACHTING VICTORIA INC

AEROSPACE AUSTRALIA LIMITED

DULUXGROUP (AUSTRALIA) PTY LTD

LINPAC PACKAGING AUSTRALIA PTY LTD

LUV-A-DUCK PTY LTD

TEG LIVE PTY LIMITED

OVOLO GROUP PTY LTD

MAXITRANS AUSTRALIA PTY LTD

NETBALL AUSTRALIA LIMITED

ORORA LIMITED

AUSTRALIAN RUGBY UNION LIMITED

PROBIOTEC LIMITED

FREWSTAL PTY LTD

RUBICON SYSTEMS AUSTRALIA PTY LTD

Total $72,280,254


04 APPENDICES

2014 BUSHFIRES ECONOMIC RECOVERY FUND

DESTINATION GIPPSLAND LTD 25,000

EAST GIPPSLAND SHIRE COUNCIL 5,000

GRAMPIANS TOURISM BOARD INC 18,500

HORSHAM RURAL CITY COUNCIL 40,100

LATROBE CITY COUNCIL 399,000

NORTHERN GRAMPIANS SHIRE COUNCIL 12,500

Total 500,100

AGRICULTURAL AND PASTORAL SOCIETY GRANTS

BARHAM/KOONDROOK P A & H SOCIETY INC

457

BENDIGO AGRICULTURAL SHOW SOCIETY

10,000

CHARLTON AGRICULTURAL & PASTORAL SOCIETY

897

CLUNES & DISTRICT AGRICULTURAL & PASTORAL SOCIETY

6,758

DONALD PASTORAL & AGRICULTURAL SOCIETY

10,000

EDENHOPE PASTORAL AND AGRICULTURAL SOCIETY

8,736

ELMORE & DISTRICT MACHINERY FIELD DAYS

9,467

HEYTESBURY AGRICULTURAL SOCIETY 10,000

HORSHAM AGRICULTURAL & PASTORAL SOCIETY

8,337

KINGSTON AGRICULTURAL SOCIETY 6,710

KORUMBURRA AGRICULTURAL & PASTORAL SOCIETY

9,504

KYNETON AGRICULTURAL SOCIETY 10,000

MANSFIELD AGRICULTURAL & PASTORAL SOCIETY

8,000

MYRTLEFORD AND DISTRICT AGRICULTURAL AND PASTORAL SOCIETY

5,896

NATHALIA AGRICULTURAL SOCIETY 7,418

NATIMUK AGRICULTURAL & PASTORAL SOCIETY

6,942

NEERIM & DISTRICT AGRICULTURAL & HORTICULTURAL SOCIETY

6,474

OMEO AGRICULTURAL AND PASTORAL SOCIETY

1,817

RAINBOW AGRICULTURAL & PASTORAL SOCIETY

1,000

RINGWOOD PRE-ROYAL SHOW 10,000

RUTHERGLEN AGRICULTURAL SOCIETY 4,308

ST. ARNAUD AGRICULTURAL SOCIETY 9,426

SWAN HILL & DISTRICT AGRICULTURAL & PASTORAL SOCIETY

3,755

WHITTLESEA AGRICULTURAL SOCIETY 5,743

WIMMERA MACHINERY FIELD DAYS 10,206

YARRAWONGA & BORDER AGRICULTURAL & PASTORAL ASSOCIATION

10,000

Total 181,851

AIDS TO NAVIGATION

BARWON COAST COMMITTEE OF MANAGEMENT

7,000

CENTRAL GOLDFIELDS SHIRE COUNCIL 3,500

COLAC OTWAY SHIRE COUNCIL 15,500

CRUISING YACHT ASSOCIATION OF VICTORIA INC.

17,500

DEPARTMENT OF ENVIRONMENT LAND WATER AND PLANNING

155,500

GANNAWARRA SHIRE COUNCIL 23,607

GIPPSLAND PORTS 201,106

GRAMPIANS WIMMERA MALLEE WATER 7,000

LAKE CHARLEGRARK COMMITTEE OF MANAGEMENT

15,000


PARKS VICTORIA 525,780

TCHUM LAKE AQUATIC CLUB INC 7,604

TRANSPORT SAFETY VICTORIA 14,000

VICTORIAN RECREATIONAL FISHING (VRFISH)

5,500

WARRNAMBOOL CITY COUNCIL 29,700

Total 1,035,907


ANIMAL WELFARE FUND

ADOPTABLE PET RESCUE 31,500

ALASKAN MALAMUTE REHOMING AID AUSTRALIA INCORPORATED, VICTORIAN BRANCH

1,000

ARCTIC RESCUE VICTORIA INCORPORATED 9,000

AUSTRALIAN ANIMAL RESCUE INCORPORATED

9,000

BENDIGO ANIMAL WELFARE & COMMUNITY SERVICES

45,000

BERWICK OBEDIENCE DOG CLUB INCORPORATED

16,200

CHERISHED PETS FOUNDATION 9,000

CHIHUAHUA RESCUE VICTORIA 4,500

DOG RESCUE ASSOCIATION OF VICTORIA INCORPORATED

9,000

ECHUCA ANIMAL RESCUE SERVICE INCORPORATED

5,562

FOREVER FRIENDS ANIMAL RESCUE 3,500

FOREVER FRIENDS ANIMAL RESCUE LATROBE INCORPORATED

1,000

GEELONG ANIMAL RESCUE LIMITED 17,100

GERMAN SHEPHERD RESCUE VICTORIA 9,000

GOLDEN RETRIEVER RESCUE - VICTORIAN BRANCH

1,000

HORSHAM PEOPLE FOR ANIMAL WELFARE AND SUPPORT

33,300

LANCEFIELD EQUESTRIAN GROUP INCORPORATED

25,740

LORT SMITH ANIMAL HOSPITAL 2,850

MCIVOR NEIGHBOURHOOD HOUSE HEATHCOTE INCORPORATED

1,000

MURRAY RIVER RETRIEVER ASSOCIATION INCORPORATED

3,150

PETS HAVEN FOUNDATION 45,000

RESCUED WITH LOVE INCORPORATED 4,500

SAFFRON ON THE HILL 9,000

SAVE A DOG SCHEME INCORPORATED 5,000

SUNRAYSIA ANIMAL REHOUSING GROUP INCORPORATED

1,000

T.L.C. RESCUE INCORPORATED 4,590

THE LOST DOGS' HOME 5,000

THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS (VICTORIA)

5,000

TRARALGON PONY CLUB 486

VICTORIAN ANIMAL AID TRUST 5,000

VICTORIAN BRUMBY ASSOCIATION INCORPORATED

13,668

VICTORIAN DOG RESCUE AND RESOURCE GROUP INCORPORATED

700

WARRNAMBOOL DOG TRAINING SCHOOL INCORPORATED

1,076

WESTERN RADIO BROADCASTERS INCORPORATED - STEREO 974

9,000

Total 346,422

AUSTRALIAN INFORMATION INDUSTRY ASSOCIATION (AIIA) BUSINESS PROGRAMS 2015-16

AUSTRALIAN INFORMATION INDUSTRY ASSOCIATION LIMITED

100,000

Total 100,000

AUTOMOTIVE SUPPLY CHAIN TRANSITION PROGRAM

ROARING SUCCESS PTY LTD 15,000

Total 15,000

BOATING INFRASTRUCTURE & MASTER PLANNING

BELLARINE BAYSIDE FORESHORE COMMITTEE OF MANAGEMENT

468,805

BOATING INDUSTRY ASSOCIATION OF VICTORIA

42,400

CAPEL SOUND FORESHORE COMMITTEE OF MANAGEMENT

18,560

CITY OF GREATER GEELONG 125,720

CORINELLA FORESHORE COMMITTEE OF MANAGEMENT

18,136



GIPPSLAND PORTS 902,000

HOBSONS BAY CITY COUNCIL 50,000


KINGSTON CITY COUNCIL 128,000


MORNINGTON PENINSULA MARINE ALLIANCE

40,000

MORNINGTON PENINSULA SHIRE COUNCIL

712,000


REGIONAL DEVELOPMENT VICTORIA 250,000

SOUTH GIPPSLAND SHIRE COUNCIL 50,000


04 APPENDICES

SOUTHERN RURAL WATER 11,000

TCHUM LAKE AQUATIC CLUB INC 8,079

TOORADIN FORESHORE RESERVE COMMITTEE OF MANAGEMENT

40,000

TRANSPORT SAFETY VICTORIA 562,000

WALKERVILLE FORESHORE RESERVE COMMITTEE OF MANAGEMENT

130,020


WELLINGTON SHIRE COUNCIL 466,684

Total 5,009,814

BUILDING GLOBAL BRIDGES

GREY INNOVATION PTY LTD 280,000

Total 280,000

BUILDING STRONGER REGIONS PROGRAMS

AGRIBUSINESS GIPPSLAND INC 15,000

BULMER FARMS PTY LTD 12,500

CATHOLICCARE ARCHDIOCESE OF MELBOURNE

15,000


COMMITTEE FOR GIPPSLAND INC 50,000


1,400,000

EAST GIPPSLAND FOOD CLUSTER INCORPORATED

32,500

GIPPSDAIRY BOARD INC 3,000

GIPPSLAND EMPLOYMENT SKILLS TRAINING INC

5,000

LAKES ENTRANCE FISHERMENS CO-OPERATIVE SOCIETY LT D

16,250

Total 1,799,250

BUSHFIRE RECOVERY FUND 2015/16

COLAC OTWAY SHIRE 15,000

GREAT OCEAN ROAD REGIONAL TOURISM LTD

382,500

INDIGO SHIRE COUNCIL 5,000

MOORABOOL SHIRE COUNCIL 65,000

SURF COAST SHIRE 35,000

Total 502,500

COMMUNITY INFRASTRUCTURE PROGRAM FOR BUSHFIRE AFFECTED COMMUNITIES

MURRINDINDI SHIRE COUNCIL 13,121

Total 13,121

COMMUNITY RECOVERY FUND

CARDINIA SHIRE COUNCIL 7,965

CITY OF WHITTLESEA 10,327


NILLUMBIK SHIRE COUNCIL 15,956

Total 56,233

CORIO NORLANE TRANSPORT PROJECT


Total 148,400

DEFENCE SCIENCE INSTITUTE SUPPORT PROGRAM

UNIVERSITY OF MELBOURNE 670,000

Total 670,000

DEVELOPING STRONGER REGIONS PROGRAM

CENTRAL HIGHLANDS REGION WATER CORPORATION

50,000


FRUIT INNOVATION PROCESSING PTY LTD

73,020

GREATER SHEPPARTON CITY COUNCIL 100,000

SHIRE OF TOWONG 52,322

VICTORIAN AUTOMOBILE CHAMBER OF COMMERCE

60,000

Total 370,342

DIGITAL FUTURES FUND

INDUSTRY POWER PTY LTD 26,745

SHINY PTY LTD 49,000

Total 75,745


DROUGHT RESPONSE STOCK CONTAINMENT GRANTS

GLENEIG HOPKINS CATCHMENT MANAGEMENT AUTHORITY

5,000

GOULBURN BROKEN CATCHMENT MANAGEMENT AUTHORITY

32,000

MALLEE CATCHMENT MANAGEMENT AUTHORITY

78,000

NORTH CENTRAL CATCHMENT MANAGEMENT AUTHORITY

306,000

WIMMERA CATCHMENT MANAGEMENT AUTHORITY

126,000

Total 547,000

ECONOMIC INFRASTRUCTURE PROGRAM

AUSNET GAS SERVICES PTY LTD 6,272,500

AUSTRALIAN GAS NETWORKS (SA) LIMITED

2,722,500

AUSTRALIAN GAS NETWORKS (VIC) PTY LTD

1,482,000

BROOKFIELD REGIONAL NETWORKS (VICTORIA) PTY LIMITED

2,000,000

CITY OF GREATER GEELONG 6,500,000

EAST GIPPSLAND SHIRE COUNCIL 1,000,000

GOULBURN VALLEY REGION WATER CORPORATION

200,000

GREATER BENDIGO CITY COUNCIL 1,000,000

LATROBE CITY COUNCIL 1,250,000

MILDURA RURAL CITY COUNCIL 2,750,000

MURRAY GOULBURN CO-OPERATIVE CO. LIMITED

1,500,000

NORTH EAST REGION WATER CORPORATION

200,000

PHILLIP ISLAND NATURE PARK BOARD OF MANAGEMENT INC

500,000

SKILLINVEST LIMITED 1,100,000


SWAN HILL RURAL CITY COUNCIL 1,000,000

UNILEVER AUSTRALIA TRADING LIMITED 439,965

VICTORIAN FARMERS FEDERATION 397,310

WANGARATTA RURAL CITY COUNCIL 500,000

WARRNAMBOOL CITY COUNCIL 2,146,820

WELLINGTON SHIRE COUNCIL 1,000,000

Total 34,205,310

EDUCATION PARTNERSHIPS

BORONIA WEST PRIMARY SCHOOL 10,000

BRIDGEWATER PRIMARY SCHOOL 10,000

BRUNSWICK EAST PRIMARY SCHOOL 10,000

BRUNSWICK SECONDARY COLLEGE 10,000

DELACOMBE PRIMARY SCHOOL 10,000

DIXONS CREEK PRIMARY SCHOOL 10,000

LANGLEY PRIMARY SCHOOL 10,000

MIRBOO NORTH SECONDARY COLLEGE 10,000

NELSON PARK SCHOOL 10,000

NEWHAVEN COLLEGE 10,000

SEVILLE PRIMARY SCHOOL 10,000

SPOTSWOOD PRIMARY SCHOOL 10,000

ST JOSEPHS SCHOOL COLLINGWOOD 10,000

ST MONICA'S PRIMARY SCHOOL FOOTSCRAY

10,000

TALLANGATTA SECONDARY COLLEGE 10,000

TARNAGULLA PRIMARY SCHOOL 10,000

THOMASTOWN SECONDARY COLLEGE 10,000

WESTERN ENGLISH LANGUAGE SCHOOL 10,000

Total 180,000

EMPLOYMENT START UP FOR BUSINESS

AUSTRALIAN TECHNOLOGY COMPLIANCE PTY LTD

4,000

BRETT MCCALLUM 4,000

CMS REFRIGERATION & ELECTRICAL SERVICE PTY LTD

4,000

COLLINS, ANTONIO MARIO DAMIEN 3,000

DBC FISH STATION PTY LTD 4,000

DMF ELECTRICAL PTY LTD 4,000

FRAMGANG PTY LTD 3,000

GECKO SIGNS 4,000

HONEY CAFE 4,000

IVY CREATIONS, HAIR ON HARBOUR PTY LTD

3,000

J.D PETHYBRIDGE & D SULLIVAN 4,000

KOROIT COUNTRY BAKEHOUSE PTY LTD 4,000

LAKESIDE SERVICE CENTRE 4,000

LEANNES HAIR DESIGN PTY LTD 4,000

LEFJONS PTY LTD 4,000

LJHAIR PTY LTD 8,000

MELBOURNE BRICK COMPANY PTY LTD 4,000


04 APPENDICES

N. GODDEN & D.M. TOUGH 4,000

NULINE PLASTER PTY LTD 3,000

OLINDA CAFE 4,000

SALON EUPHORIA PTY LTD 4,000

SPECIALISED PLUMBING AND DRAINAGE PTY LTD

3,000

SWIFT INNOVATIONS PTY LTD 4,000

THE GOLDSMITH'S GALLERY 4,000

THE OLD BULLOCK DRAY CAFE BAR AND GRILL

4,000

WIMMERA COLLISION CARE PTY LTD 4,000

Total 103,000

ETHICAL CLOTHING AUSTRALIA

HOMEWORKER CODE COMMITTEE INC 1,700,000

Total 1,700,000

EXPORT DESIGN PROGRAM

MOREA PTY LTD 2,500

Total 2,500

FARM SERVICES

ALMOND BOARD OF AUSTRALIA INC 25,000

AUSTRALIAN PROCESSING TOMATO RESEARCH COUNCIL INC

5,000

AUSTRALIAN TABLE GRAPE ASSOCIATION INC

25,000

AUSTRALIAN WINE RESEARCH INSTITUTE 65,000

DRIED FRUITS AUSTRALIA INC 5,000

FRUIT GROWERS VICTORIA LIMITED 25,000

JARED PTY LTD 20,119

MURRAY VALLEY WINEGROWERS INC 5,000

NURSERY & GARDEN INDUSTRY VICTORIA

5,000

ORRVALE ORCHARDS 3,942

RASPBERRIES & BLACKBERRIES AUSTRALIA INC

5,000

RURAL FINANCE (DIVISION OF BENDIGO & ADELAIDE BANK)

85,219

SULEJMAN ORCHARDS 5,897

THE UNIVERSITY OF MELBOURNE 100,000

VEGETABLE GROWERS' ASSOCIATION OF VICTORIA INC

25,000

VICTORIAN CHERRY ASSOCIATION INC 10,000

VICTORIAN STRAWBERRY INDUSTRY DEVELOPMENT COMMITTEE

5,000

VINCE VIGLIATURO 2,922

Total 423,099

FARMERS' MARKETS SUPPORT PROGRAM

BAW BAW SHIRE COUNCIL 2,000

COMMUNITY FOOD MARKETPLACE LIMITED

30,000

GOLDEN PLAINS SHIRE COUNCIL 30,000

HEPBURN SHIRE COUNCIL 27,000

LOCAL FOOD CONNECT INC 12,865

MORNINGTON CHAMBER OF COMMERCE INC

13,500

NAGAMBIE LAKES TOURISM & COMMERCE INC

30,000

NILLUMBIK SHIRE COUNCIL 3,000

SWAN HILL RURAL CITY COUNCIL 19,500

THE MOOROOPNA LIONS CLUB INC 14,000

THE TOBACCO & ASSOCIATED FARMERS CO-OPERATIVE LIMITED

10,000

VICTORIAN FARMERS' MARKETS ASSOCIATION INC

177,100

WANGARATTA CHAMBER OF COMMERCE INC

11,000

WEDDERBURN COMMUNITY HOUSE INC 1,800

Total 381,765

FLOODS COMMUNITY RECOVERY FUND

HINDMARSH SHIRE COUNCIL 1,800

Total 1,800

FUTURE DESIGNERS PROGRAM

MONASH UNIVERSITY 7,500

ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY

13,912

SWINBURNE UNIVERSITY OF TECHNOLOGY

3,750

Total 25,162

FUTURE INDUSTRIES MANUFACTURING PROGRAM

FITMYCAR PTY LTD 21,232

Total 21,232


GEELONG ADVANCEMENT FUND

BARWON HEALTH 2,000,000

DEAKIN RESIDENTIAL SERVICES PTY LTD 453,710

Total 2,453,710

GOULBURN VALLEY INDUSTRY AND INFRASTRUCTURE FUND

A.C.N. ORCHARDS PTY LTD 20,000

BAROLLI ORCHARDS PTY LTD 57,492

Total 77,492

GREATER GEELONG INDUSTRY FUND

BATES PIPES GEELONG PTY LTD 40,000

CARBON REVOLUTION PTY LTD 150,000

Total 190,000

GROW YOUR BUSINESS

AAKONSULT PTY LTD 4,000

AD & SM MCLEAN PTY LTD 4,000

ADVANCED MOLECULAR TECHNOLOGIES PTY LTD

7,500

ALBION SPORTS PTY LTD 4,000

AUDITS 1 PTY LTD 4,000

AUSBIC PTY LTD 5,500

AUSTRALIAN CRANE & MACHINERY PTY LTD

4,000

AUSTRALIAN NATIVE MUSICAL INSTRUMENTS PTY LTD

11,500

BARTLETT TRANSPORT IMPROVEMENTS PTY LTD

4,000

BELLEVUE ORCHARD PTY LTD 7,500

BENDIGO ACCIDENT REPAIR CENTRE PTY LTD

3,000

BOGE ELASTMETALL AUSTRALIA PTY LTD 4,500

BORTHWICK FOODS - RETAIL PTY LTD 4,000

BRIDGEWATER COMPOST PTY LTD 10,500

BULLA MUSHROOMS PTY LTD 10,750

C M T PANELS PTY LTD 4,000

CASEY CITY COUNCIL 15,000

CHARLES MARSHALL PROPRIETARY LIMITED

4,000

CHRISTIAN COLE FURNITURE 4,000

CITY OF DAREBIN 15,000

CITY OF MARIBYRNONG 15,000

COULSON TILES PTY LTD 7,500

CS & NS MARCH PTY LTD 9,000

CYCO SYSTEMS CORPORATION PTY LTD 11,500

D T & C MARCIANO MAGIC PTY LTD 9,750

DETOUR LOGISTICS PTY LTD 11,300

DIAL A LABEL PTY LTD 4,100

DROUIN MACHINING & MAINTENANCE PTY LTD

7,500

DROUIN WEST TIMBER & TRUSS PTY LTD 7,500

E.B. TRANSPORT PTY LTD 7,500


EASTSTYLE (AUST) PTY LTD 7,500

ECOPROJECTS AUSTRALIA 4,000

ENGI-O PTY LTD 9,000

ENHANCE YOUR FUTURE PTY LTD 4,000

EQUILIBRIUM OMG PTY LTD 2,750

ESCARE HOLDINGS PTY LTD 7,500

EXQUISINE PTY LTD 4,000

FAUCET AUSTRALIA PTY LTD 11,500

FILDES FOOD SAFETY PTY LTD 6,000

FLAVOUR MAKERS PTY LTD 7,500

G & E FANKHAUSER PTY LTD 7,500

GAT ENTERPRISES PTY LTD 11,500

HERITAGE FINE CHOCOLATES (AUST) PTY LTD

4,000

HOBSONS BAY CITY COUNCIL 5,964

HUYCK.WANGNER AUSTRALIA PTY LIMITED

9,750

IMAGE BOX GROUP PTY LTD 7,500

INDUSTRIAL CONTAINERS PTY LIMITED 7,500

ININC PTY LTD 4,000

INNERTELLIGENCE PTY LTD 7,500

INTEGRITY FRUIT PTY LTD 10,750

INTERLINK SPRAYERS PTY LTD 11,500

IP-ECHELON PTY LTD 7,500

KINGBUILT HOMES PTY LTD 11,500

LANEY CONSTRUCTIONS PTY LTD 7,500

LOUIS MELBOURNE PTY LTD 4,000

LRM GLOBAL PTY LTD 11,500

LT'S EGG FARM 4,000

MALLARD SIGNS & ENGRAVING PTY LTD 4,000

MAROONDAH CITY COUNCIL 15,000

MENZWEAR DIRECT PTY LTD 5,500


04 APPENDICES

MHG GLASS PTY LIMITED 11,500

MHG PLASTIC INDUSTRIES (VIC) PTY LTD 11,500

MOLMIC FURNITURE PTY LTD 4,000

MORELAND CITY COUNCIL 15,000

MOTOR GROUP PTY LTD 7,500

NETEC INDUSTRIES PTY LTD 11,500

OLGA BERG DESIGN PTY LTD 11,500

OSBORNE AUTOMOTIVE REPAIRS PTY LTD

7,500

OURTEL SOLUTIONS PTY LTD 7,500

PEDDLE THORP MELBOURNE PTY LTD 7,500

PERCO AUSTRALIA PTY LTD 11,500

PORTET WINEMAKERS PTY LTD 7,500

PROCISION PTY LTD 11,500

ROBAYLE PTY LTD 4,000

ROGER A & LYNDA D & MATTHEW R LENNE

7,500

SCREEDLINE PTY LTD 10,750

SHADOWFAX WINERY PTY LTD 11,500

SHAKANDA AUSTRALIA PTY LTD 7,500

SONIC ESSENTIALS PTY LTD 11,300

SPANISH DOUGHNUTS FOODS PTY LTD 4,000

STAINLESS SERVICES PTY LTD 7,500

STERLING FIRE SERVICES PTY LTD 11,500

SYNETEK SYSTEMS PTY LTD 7,500

TEXTURED CONCEPT FOODS PTY LTD 3,975

THE ACTIVE REACTOR COMPANY PTY LTD

3,900

THE AUSTRALIAN TURNTABLE CO. PTY LTD

11,500

TLGFC PTY LTD 11,300

VIC AIR SUPPLIES PTY LTD 7,500

WALLIES LOLLIES PTY LTD 7,500

WHITEHORSE CITY COUNCIL 15,000

WYNDHAM CITY COUNCIL 15,000

Total 740,839

HAMER SCHOLARSHIP

HYERI PARK 15,000

JIE LIU 4,500

LILY MAHAILAH VAN EEDEN 10,000

MARK DRAGWIDGE 4,500

MATTHEW ROOKE 4,500

MATTHEW THOMAS DE SOUSA 15,000

NAOMI NUGRAWENI 10,000

NATALIE PURCELL 3,000

PAVITRA RAVISHANKAR 4,500

REBECCA RILEY 10,000

SARAH SNEDDON 4,500

TIMOTHY BENNETT 10,000

Total 95,500

HEALTH MARKET VALIDATION PROGRAM

ALFRED HEALTH 750,000

DENTAL HEALTH SERVICES VICTORIA 375,000

PENINSULA HEALTH 375,000

Total 1,500,000

ICT VET PATHWAYS PILOT PROJECT

AUSTRALIAN INFORMATION INDUSTRY ASSOCIATION LIMITED

40,400

Total 40,400

INDIGENOUS ECONOMIC DEVELOPMENT

LAKE TYERS ABORIGINAL TRUST 138,000

VICTORIAN EMPLOYERS CHAMBER OF COMMERCE AND INDUSTRY

371,930

Total 509,930

INDIGENOUS PROFESSIONAL DEVELOPMENT

ALISON MURPHY-OATES 5,000

ANGELINA HURLEY 300

ARTHUR PHILLIP AHWANG 2,000

BAD APPLES MUSIC PTY LTD 2,500

BANGARRA DANCE THEATRE 9,462

GALLERY KAIELA INCORPORATED 1,932

GLENN SHEA 1,884

KAMARRA BELL-WYKES 1,050

LISA MAZA 300

MELODIE REYNOLDS-DIARRA 1,982


NARANA ABORIGINAL CULTURAL CENTRE

2,000

NARETHA WILLIAMS 2,500

NATHAN BIRD 2,000


PAOLA BALLA 300

TOBI SAM MORRIS 2,500

Total 38,210

INDUSTRY PARTNERSHIPS PROGRAM

GMIC LIMITED 39,470

Total 39,470

INFRASTRUCTURE & ACCESS

AINLEY ENGINEERING PROJECTS PTY LTD

3,450

ASSOCIATION OF GEELONG AND DISTRICT ANGLING CLUBS INC

3,155

BALLARAT ASSOCIATED APPLIANCE SERVICE PTY LTD

705

BALLARAT DISTRICT ANGLERS ASSOCIATION 6,218

BEAUMARIS SEA SCOUTS (SCOUTS VICTORIA)

16,000

BEMM RIVER A.C 62,080



2,820


GATEWAY BEET 2,559

GOULBURN BROKEN CATCHMENT MANAGEMENT AUTHORITY

9,400

GR DESIGN & CONSTRUCT PTY LTD 44,036

GRAMPIANS WIMMERA MALLEE WATER CORPORATION

24,406


KINA DIVING PTY LTD 14,000

LAKE TYERS BEACH DESIGN 3,950

LANG LANG FORESHORE RESERVE COM 720

MANSFIELD SHIRE COUNCIL 74,403

NORTH CENTRAL CATCHMENT MANAGEMENT AUTHORITY

15,037


STONNINGTON CITY COUNCIL 20,000


Total 504,325

INNOVATION AND ENTREPRENEURSHIP PROGRAM FOR SPORTS TECH/INFO & COMMS TECH START-UPS

AUSTRALIAN SPORTS TECHNOLOGIES NETWORK LTD

15,000

Total 15,000

INNOVATION VOUCHER PROGRAM

ABSOLUTELY POSITIVE PTY LTD 10,000

ALTRUTEC PTY LTD 30,000

AUSTRALIAN INSTITUTE OF MANAGMENT VICTORIA & TASMANIA

19,908

BORON MOLECULAR PTY LIMITED 25,000

COBALT NICHE DESIGN PTY LTD 25,000

COMMONWEALTH SCIENTIFIC AND INDUSTRIAL RESEARCH ORGANISATION

39,450

EXTRUSIONS AUSTRALIA PTY LTD 5,120

FEDERATION UNIVERSITY AUSTRALIA 25,000

GHD PTY LTD 197,500

LA TROBE UNIVERSITY 33,244

LEAP AUSTRALIA PTY LTD 25,000

LEVIATHAN DESIGN PTY LTD 25,000

METALTEX AUSTRALIA PTY LTD 14,400


OPTOTECH PTY LTD 25,000

PASCO ENGINEERING PTY LTD 13,600

PLANET INNOVATION PTY LTD 25,000

PYKSIS PTY LIMITED 20,000


100,000

RUTHERFORD TECHNICAL SERVICES PTY LTD

4,872

SILVERPOND PTY LTD 25,000

SUCCESSFUL ENDEAVOURS PTY LTD 25,000


100,000

TRAVERSE TECHNOLOGIES AUSTRALIA PTY LTD

25,000

TREADSTONE ENTERPRISES PTY LTD 10,000

UNIVERSITY OF TASMANIA 25,000

VATIVE PTY LTD 60,000

VCAMM LIMITED 94,000

VICTORIAN CERTIFIED SEED POTATO AUTHORITY INC

24,000

VOSSLOH COGIFER AUSTRALIA PTY LTD 16,390

Total 1,162,512


04 APPENDICES

INSPIRING WOMEN PROGRAM

VESKI 210,700

Total 210,700

INTERNATIONAL PARTNERSHIP FUND


VICTORIAN EMPLOYERS CHAMBER OF COMMERCE AND INDUSTRY

9,000

Total 509,000

INTERNATIONAL STUDENT EXPERIENCE

AUSTRALIAN COMPUTER SOCIETY INCORPORATED

4,750

CHISHOLM INSTITUTE 15,000

DEAKIN UNIVERSITY 12,300


MELBOURNE POLYTECHNIC 10,000

MONASH COLLEGE PTY LTD 15,000


15,000


4,963


VICTORIA UNIVERSITY 12,482

Total 1,054,211

INTERNATIONAL STUDENT WELFARE GRANTS

AUSTRALIAN FEDERATION OF INTERNATIONAL STUDENTS INCORPORATED

20,000

ISANA INTERNATIONAL EDUCATION ASSOCIATION INC

25,230

MELBOURNE CITY COUNCIL ( CITY OF MELBOURNE )

40,000

MELBOURNE FOOTBALL CLUB LIMITED 10,000

Total 95,230

INVESTING IN MANUFACTURING TECHNOLOGY

ABNOTE AUSTRALASIA PTY LTD 5,000

ACE WIRE WORKS (VIC.) PTY LTD 114,850

APEX STONE PTY LTD 75,000

AUSTRALIAN FOOD INDUSTRIES PTY LTD 170,000

CAPRAL LIMITED 200,000

CASSLIS PTY LTD 5,000

CHRYSCO FLOWERS PTY LTD 5,000

CMTP PACKAGING PTY LTD 137,894

CORVINA FOODS PTY LTD 250,000

DAGAN TRADING PTY LTD 63,875

DISEB FOOD GROUP PTY LTD 5,000

EGO PHARMACEUTICALS PROPRIETARY LIMITED

245,000

EXFOLIATORS (AUST) PTY LTD 122,500

FANTASTICK LABEL COMPANY PTY LTD 165,000

GODFREY HIRST AUSTRALIA PTY LTD 163,200

HILLINGTON CLOSE PTY LTD 29,156

INTEGRITY FRUIT PTY LTD 240,700

KY D-PAK PTY LTD 5,000

LAUCKE FLOUR MILLS PTY LTD 3,946

MATON PROPRIETARY LIMITED 23,490

MATTINA FRESH PTY LTD 5,000

MAXITRANS AUSTRALIA PTY LTD 122,500

MCH AUSTRALIA PTY LTD 239,350

MODENA ENGINEERING AUSTRALIA PTY LTD 5,000

MONASH FURNITURE PTY LTD 97,500

OZ FRESH FARMS PTY LTD 243,400

PAARHAMMER PTY LTD 105,100

PLASCORP PTY LTD 227,900

POLYEM PTY LTD 245,000

PRECISION SHOWER SCREENS AND ROBES PTY LTD

62,500

REDLINE ENGINEERING PROPRIETARY LIMITED

5,000

RELIANCE WORLDWIDE CORPORATION (AUST) PTY LTD

125,000

S.G.A. ENGINEERING (AUSTRALIA) PTY LTD 122,500

SWC MANAGEMENT PTY LTD 120,000

THE UNIVERSAL SHOWER BASE PTY LTD 97,826

TIC (MATTRESS RECYCLING) PTY LTD 182,500

TMR FEED SOLUTIONS PTY LTD 5,000

Total 4,040,687

IRRIGATION INCENTIVES - WHOLE FARM PLANNING

ADRIAN & EUAN BAYLISS 1,076

ALAN & TIM MCGRATH 12,726

BLAISE RYAN 1,161

BRADLEY CORDINA 429

BRETT COLLINS 6,143

BRIAN GALLAGHER 2,175


BRIAN LYNAS 5,114

CAMERON HODGE 1,868

COHUNA AUTO ELECTRICAL / SAM JONES 3,160

DANNY NIXON 8,590

DAVID & LORRAINE BROAD 25,360

DOUG PERRYMAN 18,698

ERIC BOYD 8,219

GARRY WATERS 1,369

GARY & DI BOWLES 4,689

GREG & CAT WHINFIELD 4,267

IAN MATHERS 4,298

JASON & LORELLE HEAP 33,970

JIM, CAROLINE & MATT CHALMERS 13,516

JOHN & ROSEMARY HUMBERT 5,352

JOHN ROSS 8,686

KEVIN COOKE 4,548

KM JONES &KL PEACE 5,052

LACHLAN RALPHS 2,874

LEIGH FLETCHER 5,157

LEWIS HOCKING 3,330

MANIE HAYES 2,401

MAX CARSON 4,988

MICHAEL WILLIAMS 1,646

MILSON GARNER 4,851

NYTON PARK AGRICULTURE / ALISTER KNIGHT

3,598

PAUL TOEY 2,218

ROD GRIFFITHS 8,816

ROD GRIFFITHS (MACORNA PASTORAL) 10,449

SAM (COHUNA AUTO ELECTRICAL) 3,324

SHANE HOLMES 2,570

SJ & AMMORTON 864

STEPHEN FOOTT 4,660

STEVEN FORSTER 2,428

STEVEN MAXTED 4,069

TONY SAWERS 4,105

VICSUPER ECOSYSTEM SERVICES P/L KILTER PTY LTD

19,614

WANDARRY PTY LTD / TOM SMITH 5,055

WILLERA MERINOS / WILL & KARL HOOKE 7,288

WILLIAM (BILL) BRASSER 7,968

Total 292,738

LATROBE VALLEY INDUSTRY AND INFRASTRUCTURE FUND

ACME ENTERPRISES PTY LTD 220,000

AUSTRALIAN FRESH SALADS PTY LTD 75,000

CERES NATURAL FOODS PTY LTD 50,000

CTE-CUSTOM TRANSPORT EQUIPMENT PTY LTD

100,000

GIBSONS GROUNDSPREAD PTY LTD 65,000

HYDRO AUSTRALIA PTY LTD 40,000

K. & R.J. MATTHEWS QUARRIES PTY LIMITED 40,000


LATROBE VALLEY BUS LINES PTY LTD 20,000

LATROBE VALLEY SANDS PTY LTD 20,000

MAFFRA FARMHOUSE CHEESE PTY LTD 30,000

RIVIERA FARMS PTY LTD 35,000

SPECTRUM SALES PTY LTD 25,000

STR INSPECTION SERVICES PTY LTD 72,168

VICTORIAN AMERICAN IMPORTS PTY LTD 4,723

Total 1,550,645

LIVING REGIONS LIVING SUBURBS

COMMUNITY LEADERSHIP LODDON MURRAY INC

30,000

VICTORIAN CHICKEN MEAT COUNCIL INC 10,000


Total 55,000

LOCAL COUNCIL DROUGHT RESPONSE PROGRAM

BULOKE SHIRE COUNCIL 40,000





LODDON SHIRE COUNCIL 40,000


PYRENEES SHIRE COUNCIL 40,000

WEST WIMMERA SHIRE COUNCIL 40,000

YARRIAMBIACK SHIRE COUNCIL 40,000

Total 400,000


04 APPENDICES

LOCAL GOVERNMENT INFRASTRUCTURE PROGRAM

ALPINE SHIRE 10,000

ARARAT RURAL CITY COUNCIL 12,082

BASS COAST SHIRE COUNCIL 420,000


BENALLA RURAL CITY COUNCIL 4,075

BOROUGH OF QUEENSCLIFFE 8,320


CAMPASPE SHIRE COUNCIL 500,000




CORANGAMITE SHIRE COUNCIL 8,883










MACEDON RANGES SHIRE COUNCIL 8,000


MILDURA RURAL CITY COUNCIL 15,000

MOIRA SHIRE COUNCIL 10,000





SHIRE OF MOYNE 7,733

SHIRE OF STRATHBOGIE 10,867








Total 2,611,735

LOCAL SKILLS PARTNERSHIP


VICTORIAN BUILDING AUTHORITY 25,000

Total 37,194

LOW EMISSIONS ENERGY TECHNOLOGIES

CO2CRC LIMITED 630,000

Total 630,000

MAJOR SPORTING EVENTS

FOOTBALL FEDERATION AUSTRALIA LIMITED

100,000

Total 100,000

MANUFACTURING PRODUCTIVITY NETWORKS

AUSTRALIAN SPORTS TECHNOLOGIES NETWORK LTD

95,000

AUTOCRC LTD 150,000

DAIRY INNOVATION AUSTRALIA LIMITED 20,000

DESIGN INSTITUTE OF AUSTRALIA 15,000

EAST GIPPSLAND FOOD CLUSTER INCORPORATED

22,000

GMIC LIMITED 75,000

GREATER BENDIGO CITY COUNCIL 72,500

HIGH PERFORMANCE CONSORTIUM LIMITED

50,000

JOLIMONT CAPITAL PTY LTD 200,000

LEADWEST LTD 15,000


PREMIUM AUSTRALIAN FOODS PTY LTD 75,000

SUSTAINABILITY VENTURES PTY LTD 135,000


125,000

THE AUSTRALIAN INDUSTRY GROUP 12,000

Total 1,586,500


MARKETING INNOVATION FUND

BUS PROJECTS 15,000

FILMFEST LTD 15,000


MCCLELLAND SCULPTURE PARK + GALLERY

7,600

MELBOURNE FRINGE 20,000

REGIONAL ARTS VICTORIA 13,000

THE SOCIAL STUDIO INC 9,400

Total 100,000

MARYSVILLE ECONOMIC RECOVERY


Total 84,786

MARYSVILLE HOTEL AND CONFERENCE CENTRE DEVELOPMENT

MARYSVILLE HOTEL AND CONFERENCE CENTRE PTY LIMITED

1,500,000

Total 1,500,000

MELBOURNE FASHION FESTIVAL

MELBOURNE FASHION FESTIVAL LIMITED 1,449,958

Total 1,449,958

MELBOURNE MERCER GLOBAL PENSION INDEX


Total 430,000

MELBOURNE PAVILION

NAOMI MILGROM FOUNDATION 400,000

Total 400,000

MELBOURNE RETAIL & HOSPITALITY STRATEGY


35,000

Total 35,000

MELBOURNE SPRING FASHION WEEK 2015


135,000

Total 135,000

MURRAY-DARLING BASIN REGIONAL ECONOMIC DIVERSIFICATION PROGRAM (VIC)

BROOKFIELD REGIONAL NETWORKS (VICTORIA) PTY LIMITED

5,500,000

DRIED FRUITS AUSTRALIA INC 191,580


MURRAY DAIRY INC 970,000

SKILLINVEST LIMITED 1,110,000

SWAN HILL RURAL CITY COUNCIL 2,000,000

Total 10,471,580

MUSIC WORKS

ADAM CURLEY 15,000

ADAM GORTON 12,050

ADRIAN RAFTER - MILWAUKEE BANKS 6,250

AINSLIE WILLS 11,000

ALASTAIR BURNS 5,000

AMATEUR HOUR 25,000

AMAYA LAUCIRICA 11,577

ANDREW PHILLIPS 7,500

ANDREW WATSON 2,900

ART OF FIGHTING 13,900

ASSOCIATION OF ARTISTS MANAGERS (AAM)

7,985

AUSTRALASIAN PERFORMING RIGHT ASSOCIATION

37,500

BAD APPLES MUSIC PTY LTD 15,000

BARELY DRESSED RECORDS 3,500

BEACHES 10,000

BECKI WHITTON 2,410

BEN WRIGHT SMITH 12,000

BENDIGO BLUES AND ROOTS MUSIC FESTIVAL INC

19,500

BENJAMIN O'CONNOR 8,994

BENJAMIN SKEPPER 5,000

BRENT HAYHURST 4,937

BROOKE RUSSELL 5,496

BY THE MEADOW 20,000

C KIKOS & M SYAWISH 7,550

C W STONEKING 7,741

CARLA DAL FORNO 5,100

CHARLOTTE ABROMS 9,270

CHELSEA WILSON 15,500


04 APPENDICES

CITY CALM DOWN 10,000

CITY OF BALLARAT 25,000

CITY OF YARRA 40,000

CLAIRE CROSS 7,000

CONTEMPORARY MUSIC VICTORIA 67,500

COOKING VINYL AUSTRALIA 4,135

CUSTOM-MADE TOURING & ARTIST REPRESENTATION PTY LTD

4,827

DAN LUSCOMBE 25,000

DAN SULTAN MUSIC PTY LTD 8,362

DARREN HART (AKA HARTS) 5,000

DAVE GRANEY 10,000

DAVID CHISHOLM 5,000

DAVID GAGLIARDI 2,500

DEAF AMBITIONS 10,000

DEAF WISH 13,730

DEMI BARTON 2,000

DOMINI FORSTER 11,395

EAMON MCNELIS 4,500

EAST BRUNSWICK ALL GIRLS CHOIR 10,000

EL PERRO PRODUCTIONS 11,600

EVA POPOV 4,526

EVELYN MORRIS 7,000

FLYYING COLOURS 13,000

FRASER A GORMAN 22,860

GOOD MANNERS MUSIC 10,150

GOOD MORNING 10,000

HAYLEY FOSTER 13,000

HENRY WAGONS 20,868

HOPESTREET RECORDINGS PTY LTD 4,370

JADE MACRAE PTY LTD 5,000

JEMMA & THE CLIFTON HILLBILLIES 15,000

JENNIFER KINGWELL 2,550

JENNY VALENTISH ON BEHALF OF THE AMPHLETT LANE COMMITTEE

1,759

JESS CORNELIUS 13,000

JIM LAWRIE 7,500

JOHN DURR 3,000

JORDAN LOCKETT 8,000

JUSTIN DWYER 4,645

KATIE COLLINS 4,480

KING 6,448

KINGSWOOD BAND PTY LTD 10,000

KRISTA POLVERE 4,900

LAILA SAKINI 3,535

LEAH SENIOR 5,400

LISTEN 17,000

MATT WESTON ON BEHALF OF THE COSMIC PSYCHOS

10,000

MEG MAC 15,000

MICHAEL KATZ 14,500

MILK RECORDS 15,000

MULTICULTURAL ARTS VICTORIA INC ON BEHALF OF OSCAR JIMENEZ

11,430

MULTICULTURAL ARTS VICTORIA INC ON BEHALF OF RONNY KARENI

11,755

MURAT YUCEL 34,000

NATHAN BIRD 4,020

NATTALI RIZE 15,000

NICHOLAS CLARKE 30,000

NICHOLAS MARKS 5,000

NORTHEAST PARTY HOUSE 4,000

OH PEP! 10,000

OLYMPIA 10,000

PARADISE MUSIC FESTIVAL 15,000

PETER KNIGHT 7,000

PHILLY 15,000

PIERCE BROTHERS PTY LTD 23,100

POUND RECORDS 9,000

PROGRESSIVE BROADCASTING SERVICE COOPERATIVE LIMITED

28,113

PUTA MADRE BROTHERS 6,220

RAT & CO 8,330

RAVENS NEST CONSULTING PTY LTD 35,000

REBECCA FREEMAN 13,360

RICHARD CHEW 2,500

ROHAN BROOKS 11,500

ROLE MODEL ARTISTS 15,000

SARA RETALLICK 10,000

SEAMUS O'SULLIVAN 5,000

SLUM SOCIABLE 15,000

SOLITAIRE RECORDINGS 13,000

SONGLINES ABORIGINAL MUSIC CORPORATION ON BEHALF OF MARY MIHELAKOS

20,000


SOPHIA BROUS 5,000

SOPHIE KOH 8,000

SPUR PRESENCE AGENCY 5,000

STONEFIELD 10,000

SUPPLE FOX 14,866

TEAMTRICK 4,079

THE BOMBAY ROYALE 5,000

THE LITTLE STEVIES 17,500

THE MAE TRIO 10,000

THE NATION BLUE 5,252

THE PUSH INCORPORATED 64,400

TIM GUY 3,599

TINY LITTLE HOUSES 8,940

TJIMBA POSSUM-BURNS 5,000

VELMO PTY LTD 4,858

WILL EVANS - ZERO THROUGH NINE 3,146

WILLIAM CUMING 9,400

WILSN 5,000

Total 1,434,068

NETWORKED RURAL COUNCILS

MUNICIPAL ASSOCIATION OF VICTORIA 215,000

Total 215,000

NEXT GENERATION MANUFACTURING INVESTMENT PROGRAM

DEPARTMENT OF INDUSTRY AND SCIENCE

2,000,000

Total 2,000,000

OPERATIONAL INFRASTRUCTURE SUPPORT PROGRAM

OLIVIA NEWTON-JOHN CANCER RESEARCH INSTITUTE

118,871

THE WALTER AND ELIZA HALL INSTITUTE OF MEDICAL RESEARCH

597,489

Total 716,360

ORGANISATIONS INVESTMENT PROGRAM

APHIDS 70,000

ARAPILES COMMUNITY THEATRE 45,000

ARENA THEATRE COMPANY 160,600

ART IS… FESTIVAL 60,000

ARTS ACCESS VICTORIA 200,000

ARTS MILDURA 112,800

AUSDANCE VICTORIA 118,900

AUSTRALIAN CENTRE FOR CONTEMPORARY ART

749,500

AUSTRALIAN CIRCUS AND PHYSICAL THEATRE ASSOCIATION

40,000

AUSTRALIAN POETRY 50,000

AUSTRALIAN PRINT WORKSHOP INC 160,600

AUSTRALIAN TAPESTRY WORKSHOP 215,000

BACK TO BACK THEATRE 182,000

BALLARAT INTERNATIONAL FOTO BIENNALE

40,000

BALUK ARTS 40,000

BIG WEST FESTIVAL 130,000

BUS PROJECTS 40,000

CASTLEMAINE STATE FESTIVAL 133,100

CENTRE FOR CONTEMPORARY PHOTOGRAPHY

160,600

CHAMBER MADE OPERA 160,600

CHINESE MUSEUM 102,000

CHUNKY MOVE 856,600

CIRCUS OZ 149,851

COMMUNITY MUSIC VICTORIA 60,000

COURTHOUSE ARTS 64,300

CRAFT VICTORIA 268,000

CREATIVE CLUNES 40,000

CULTURAL DEVELOPMENT NETWORK 53,500

DANCEHOUSE 140,000

EMERGING WRITERS’ FESTIVAL 70,000

EXPERIMENTA MEDIA ARTS 108,000

EXPRESS MEDIA 134,000

FLYING FRUIT FLY FOUNDATION 101,700

FOOTSCRAY COMMUNITY ARTS CENTRE 220,000

GERTRUDE CONTEMPORARY 190,000

HEIDE MUSEUM OF MODERN ART 1,270,400

HOTHOUSE THEATRE LTD 171,300

ILBIJERRI THEATRE CO-OPERATIVE 145,000

JEWISH MUSEUM OF AUSTRALIA 69,600

KAGE 95,000

KOORIE HERITAGE TRUST INC 107,100

LA MAMA 214,200

LINDEN BOARD OF MANAGEMENT INC 50,000

LIQUID ARCHITECTURE SOUND INC 50,000


04 APPENDICES

LUCY GUERIN INC 135,000

MALTHOUSE THEATRE 1,199,714

MCCLELLAND SCULPTURE PARK + GALLERY

110,000

MELBOURNE FESTIVAL 6,211,040


MELBOURNE INTERNATIONAL COMEDY FESTIVAL

1,690,000

MELBOURNE INTERNATIONAL JAZZ FESTIVAL

400,000

MELBOURNE SYMPHONY ORCHESTRA 2,406,112

MELBOURNE THEATRE COMPANY 485,575

MELBOURNE WRITERS FESTIVAL 259,000

MIDSUMMA FESTIVAL 50,000

MULTICULTURAL ARTS VICTORIA INC 320,000

MUSEUMS AUSTRALIA (VICTORIA) INC 327,300

NEXT WAVE FESTIVAL 390,000

OPERA AUSTRALIA 1,001,263

ORCHESTRA VICTORIA 1,368,561

OVERLAND 50,000

PHILLIP ADAMS BALLETLAB 95,000

PLATFORM YOUTH THEATRE 45,000

POLYGLOT THEATRE 180,000

PORT FAIRY SPRING MUSIC FESTIVAL 64,300

PUBLIC GALLERIES ASSOCIATION OF VICTORIA

53,600

PUNCTUM 50,000

RANTERS THEATRE 58,000

RAWCUS THEATRE COMPANY 70,000

RED STITCH ACTORS THEATRE 75,000


ROYAL HISTORICAL SOCIETY OF VICTORIA

80,300

SHEPPARTON ARTS FESTIVAL 40,000

SNUFF PUPPETS 107,100

SONGLINES ABORIGINAL MUSIC CORPORATION

80,000

SPEAK PERCUSSION INC 70,000

ST MARTINS YOUTH ARTS CENTRE 214,100

THE AUSTRALIAN BALLET 652,383

THE BLACK ARM BAND 80,000

THE BOÎTE (VICTORIA) 122,000

THE CLICK CLACK PROJECT 40,000

THE SOVEREIGN HILL MUSEUMS ASSOCIATION

353,000

THE WHEELER CENTRE 1,854,000

THEATRE NETWORK VICTORIA 45,000

THEATRE WORKS 140,000

VAPAC 53,600

VICTORIAN OPERA 3,731,600

WANGARATTA FESTIVAL OF JAZZ 113,100

WANTOK MUSIK 40,000

WEST SPACE 80,000

WESTERN EDGE YOUTH ARTS 75,000

WESTSIDE CIRCUS 30,000

WOMEN’S CIRCUS 69,600

WRITERS VICTORIA INC 134,000

Total 33,965,899

PENNY ARCADE EXPO

REED ELSEVIER AUSTRALIA PTY LTD 80,000

Total 80,000

PLAN FOR STRONGER INDUSTRIES

INDUSTRY CAPABILITY NETWORK (VICTORIA) LIMITED

2,900,000

Total 2,900,000

PLANNING FOR TOMORROW PROGRAM


SOUTHERN GRAMPIANS SHIRE COUNCIL 2,500

Total 8,000

PUT VICTORIA ON YOUR TABLE

MELBOURNE FOOD & WINE EVENTS LTD 300,000

Total 300,000

PUTTING LOCALS FIRST PROGRAM

A-1 ENGINEERING (VIC) PTY LTD 60,000

ADVANCE CAMPERDOWN INC 14,900

ALPINE SHIRE 281,650


AUSTRALIAN EATWELL PTY LTD 40,000

BALLARAT CITY COUNCIL 911,500

BALLARAT NATIONAL THEATRE INC 4,000


BASS COAST SHIRE COUNCIL 431,365


BENALLA AUTO CLUB INC 5,000


BENDIGO CHINESE ASSOCIATION MUSEUM INC

10,000


BRIGHT COURT HOUSE COMMITTEE OF MANAGEMENT

14,500


BUNDALAGUAH-MYRTLEBANK PUBLIC HALL INC

23,500

CABBAGE TREE PUBLIC HALL 1,220

CAMPASPE SHIRE COUNCIL 136,000

CAMPERDOWN-TIMBOON RAIL TRAIL MANAGEMENT COMMITTEE INCORPORATED

10,000

CASTLEMAINE HOT ROD CENTRE LIMITED

2,900


CHRISMONT WINES PTY LTD 120,000



COMMITTEE 4 ROCHESTER INC 3,000

COMMUNITY COLLEGE GIPPSLAND LTD 7,740


COTTONWOOD SPRINGS PTY LTD 25,000

CREATIVE CLUNES INC 2,500

D & R MAPLES PTY LTD 20,000

DONALD 2000 INC 1,800

EAST GIPPSLAND MARKETING INC 75,000


GALLERY KAIELA INC 2,000


GIVE WHERE YOU LIVE INCORPORATED 10,000

GLENELG SHIRE COUNCIL 156,500


GOLDFIELDS LOCAL LEARNING AND EMPLOYMENT NETWORK INC

97,500

GREAT OCEAN ROAD COAST COMMITTEE INCORPORATED

15,000



HEPBURN SHIRE COUNCIL 1,018,000




INSULMET PTY LTD 60,000

JAMES STOCK FEED AND FERTILIZER PTY LTD

10,000

KARINGAL INC 125,000

KINGLAKE RANGES BUSINESS NETWORK INC

2,475


LODDON SHIRE COUNCIL 1,195,000


MALLACOOTA ARTS COUNCIL INC 26,700

MALLEE DISTRICT ABORIGINAL SERVICES 50,000



MITCHELL SHIRE COUNCIL 141,000

MOIRA SHIRE COUNCIL 275,000

MOLESWORTH PUBLIC HALL 19,000


MOUNT ALEXANDER SHIRE COUNCIL 50,000

MOUNT ELEPHANT COMMUNITY MANAGEMENT INC

75,000


NANGILOC COLIGNAN FARMS PTY LTD 75,000

NATIMUK FORESHORE COMMITTEE 14,500

NEZKY PTY LIMITED 50,000


OXLEY RECREATION RESERVE COMMITTEE OF MANAGEMENT INCORPORATED

42,000

PORT CAMPBELL PROGRESS GROUP INC 90,000

PORT FAIRY TO WARRNAMBOOL RAIL TRAIL COMMITTEE INC

5,000

PORTLAND TOURIST ASSOCIATION INC 1,500


R A & J L MURPHY 30,000

ROTARY CLUB OF SOUTHERN MITCHELL INC

3,915


13,000

SEASPRAY SURF LIFE SAVING CLUB INC 250,000






04 APPENDICES

SOUTH GIPPSLAND TOURIST RAILWAY INC

11,500

SOUTH WEST SPORT INC 22,500




TANJIL VALLEY LANDCARE GROUP 1,350

THE BOISDALE & DISTRICT PROGRESS ASSOCIATION INC

21,160

TINAMBA PUBLIC HALL INCORPORATED 90,000

TOURISM GREATER GEELONG AND THE BELLARINE INC

19,000





WODONGA CITY COUNCIL 408,395

WORN GUNDIDJ ABORIGINAL CO-OPERATIVE LTD

3,000

YARRAWONGA HOLIDAY PARK INC 2,500


YEA RACECOURSE AND RECREATION RESERVE

2,600

YINNAR & DISTRICT COMMUNITY ASSOCIATION INC

1,040

Total 17,901,052

REFUGEE MINOR EMPLOYMENT PROGRAM

YOUTH CONNECT INC 26,136

Total 26,136

REGIONAL AVIATION FUND



GLENELG SHIRE COUNCIL 691,500




WARRNAMBOOL CITY COUNCIL 1,022,000

Total 3,489,540

REGIONAL COMMUNITY LEADERSHIP PROGRAM

ALPINE VALLEYS COMMUNITY LEADERSHIP PROGRAM

14,000

COMMITTEE FOR BALLARAT INC 20,000

COMMITTEE FOR GEELONG LIMITED 50,000

COMMITTEE FOR GIPPSLAND INC 150,000


50,000


MADEC AUSTRALIA 20,000


WIMMERA DEVELOPMENT ASSOCIATION INCORPORATED

10,125

Total 369,125

REGIONAL CONNECTIVITY PROGRAM

TELSTRA CORPORATION LIMITED 2,422,718

Total 2,422,718

REGIONAL DEVELOPMENT - CREATIVE VICTORIA

AUSTRALIAN PERFORMING ARTS CENTRES ASSOCIATION

11,920

BANGARRA DANCE THEATRE 66,000

CHUNKY MOVE 35,000

CIRCUS OZ 468,188


GERTRUDE CONTEMPORARY 40,000

HIT PRODUCTIONS PTY LTD 115,353

MALTHOUSE THEATRE 64,100

MARY SOUNESS 67,800

MELBOURNE CHAMBER ORCHESTRA 89,000

MELBOURNE THEATRE COMPANY 144,074

NATIONAL EXHIBITIONS TOURING SUPPORT (NETS) VICTORIA

268,000

NICHOLAS CLARK 23,000

OPERA AUSTRALIA 98,178

ORCHESTRA VICTORIA 25,000

RED STITCH ACTORS THEATRE 9,514


STATE LIBRARY OF VICTORIA (SLV) 52,250



VICTORIAN OPERA 273,587

WATCH THIS INC 35,000

Total 2,430,814

REGIONAL DEVELOPMENT AUSTRALIA - METROPOLITAN

MELBOURNE'S NORTHERN ECONOMIC WEDGE INC

10,000

Total 10,000

REGIONAL DEVELOPMENT AUSTRALIA - REGIONAL

BALLARAT CITY COUNCIL 45,000




FEDERATION UNIVERSITY AUSTRALIA 75,000

GIVE WHERE YOU LIVE INCORPORATED 40,000







25,000

Total 473,791

REGIONAL DEVELOPMENT VICTORIA SPECIAL PURPOSE PROJECTS

FLOWERDALE COMMUNITY HOUSE INC 1,981



Total 301,341

REGIONAL INFRASTRUCTURE DEVELOPMENT FUND

DEAKIN UNIVERSITY 5,137,500

EAST GIPPSLAND SHIRE COUNCIL 1,135,000

ECOFUELS PTY LTD 25,000

FALLS CREEK ALPINE RESORT MANAGEMENT BOARD

400,000

HORSHAM RURAL CITY COUNCIL 1,000,000


Total 8,363,860

REGIONAL INFRASTRUCTURE FUND

BALLARAT CITY COUNCIL 3,000,000

BENALLA AUTO CLUB INC 1,000,000

GREATER BENDIGO CITY COUNCIL 3,500,000

MANGALORE AIRPORT PTY LTD 327,450

PARKS VICTORIA 5,000,000


Total 13,077,450

REGIONAL INVESTMENT INITIATIVE

DANONE MURRAY GOULBURN PTY LIMITED

130,000

NESTLE AUSTRALIA LIMITED 100,000

Total 230,000

REGIONAL JOBS FUND

AGROMILLORA AUSTRALIA JV PTY LTD 200,000

CAPILANO HONEY LIMITED 15,000

GMIC LIMITED 185,000

RYAN & MCNULTY PTY LTD 30,000

Total 430,000

REGIONAL PARTNERSHIPSX

ARARAT PERFORMING ARTS CENTRE 50,000

ARARAT REGIONAL ART GALLERY 90,000

ART GALLERY OF BALLARAT 140,000

ARTS SPACE WODONGA 40,000

BENALLA ART GALLERY 90,000

BENALLA PERFORMING ARTS AND CONVENTION CENTRE

50,000

BENDIGO ART GALLERY 150,000

CASTLEMAINE ART GALLERY AND HISTORICAL MUSEUM

120,000

COLAC OTWAY PERFORMING ARTS & CULTURAL CENTRE

90,000

EAST GIPPSLAND ART GALLERY 40,000

FORGE THEATRE AND ARTS HUB 50,000

GEELONG ART GALLERY INCORPORATED 140,000

GIPPSLAND ART GALLERY 95,000

HAMILTON ART GALLERY 110,000

HAMILTON PERFORMING ARTS CENTRE 80,000

HER MAJESTY'S BALLARAT 95,000

HORSHAM REGIONAL ART GALLERY 90,000


04 APPENDICES


LATROBE PERFORMING ARTS CENTRE 60,000

LATROBE REGIONAL GALLERY 95,000

LIGHTHOUSE THEATRE, WARRNAMBOOL 115,000


MILDURA ARTS CENTRE 180,000

MONASH GALLERY OF ART 75,000

MORNINGTON PENINSULA REGIONAL GALLERY

95,000

PORTLAND ARTS CENTRE 90,000

RIVERLINKS COMPLEX OF PERFORMING ARTS CENTRES

125,000

SHEPPARTON ART MUSEUM 120,000

SWAN HILL PERFORMING ARTS AND CONFERENCE CENTRE

60,000

SWAN HILL REGIONAL ART GALLERY 90,000

THE CAPITAL - BENDIGO'S PERFORMING ARTS CENTRE

130,000

THE CUBE WODONGA 80,000

WANGARATTA ART GALLERY 60,000

WANGARATTA PERFORMING ARTS CENTRE 115,000

WARRNAMBOOL ART GALLERY 100,000

WELLINGTON ENTERTAINMENT CENTRE 90,000

WEST GIPPSLAND ARTS CENTRE 130,000

YARRA RANGES COUNCIL 155,000

Total 3,615,000

RESILIENT COMMUNITY PROGRAM

ALPINE SHIRE 710

AUSTRALIAN RED CROSS SOCIETY 9,600




DESTINATION GIPPSLAND LTD 4,000

EMERALD CENTRE FOR HOPE & OUTREACH INC

3,800



MELTON CITY COUNCIL 9,170





THE EAST GIPPSLAND NETWORK OF NEIGHBOURHOOD HOUSES INC

8,200

VICTORIAN DEAF SOCIETY 7,900


YARRA RANGES SHIRE COUNCIL 11,000

Total 126,712

RURAL DEVELOPMENT




GREAT OCEAN ROAD COAST COMMITTEE INCORPORATED

30,000





MOUNT BULLER AND MOUNT STIRLING RESORT MANAGEMENT BOARD

170,000

NORTH EAST VICTORIA TOURISM BOARD INC

37,500






WARRNACKNABEAL DISTRICT HISTORICAL SOCIETY INC

80,000



Total 2,648,316

SCIENCE AND COMMUNITY GRANTS

AUSTRALIAN SCIENCE MEDIA CENTRE INC 23,000

Total 23,000

SCREEN WORKSHOPS

AUSTRALIAN CENTRE FOR THE MOVING IMAGE

59,100

Total 59,100

SEARCH AND RESCUE

AUSTRALIAN VOLUNTEER COAST GUARD ASSOCATION (AVCGA) - WESTERNPORT

4,160

AVCGA - GEELONG 2,452

AVCGA - LAKE HUME 78,075


AVCGA - LAKES ENTRANCE 62,132

AVCGA - PAYNESVILLE 301,760

AVCGA - SAFETY BEACH 42,727

AVCGA - STATE COUNCIL 106,700

AVCGA - WERRIBEE 52,918

PORT FAIRY MARINE RESCUE SERVICE INC 2,720

TORQUAY MARINE RESCUE INC 8,965

VMR MORNINGTON 13,670

Total 676,279

SMALL BUSINESS MENTORING PROGRAM

SMALL BUSINESS MENTORING SERVICE INCORPORATED

255,000

Total 255,000

SMALL SCALE COMMUNITY AND REGIONAL DEVELOPMENT GRANTS

BENAMBRA PUBLIC HALL RESERVE COMMITTEE OF MANAGEMENT

100,000

Total 100,000

SMART DESIGN VOUCHER PROGRAM

COBALT NICHE DESIGN PTY LTD 25,000


FLYNN, DAVID P 25,000

STALLS, TONI 20,000

Total 95,000

STRATEGIC INITIATIVES

ARENA THEATRE COMPANY 12,500

ARTS ACCESS VICTORIA 14,000

ARTS LAW CENTRE OF AUSTRALIA 75,000

AUSTRALASIAN PERFORMING RIGHT ASSOCIATION

11,202

AUSTRALIA COUNCIL 6,000

BACK TO BACK THEATRE INC 2,000

BRIMBANK CITY COUNCIL 10,000

BUREAU OF WORKS 2,000

CAPITAL VENUES AND EVENTS ON BEHALF OF DAVID CHISHOLM

8,000

CHAMBER MADE OPERA 1,500

CHAMBER MUSIC AUSTRALIA 270,000

CHUNKY MOVE 15,000

CITY OF MELBOURNE 130,000

CONTEMPORARY ARTS PRECINCTS 300,000

CONTEMPORARY MUSIC VICTORIA 250,000

CRAFT VICTORIA 17,500

CREATIVE CLUNES 12,000

DANDENONG MARKET 60,000

DEPARTMENT OF COMMUNICATIONS AND THE ARTS

20,000

DISLOCATE 5,500

EMMA VALENTE 2,000

FINUCANE & SMITH UNLIMITED 10,000


GAME DEVELOPERS' ASSOCIATION OF AUSTRALIA

170,000

GEOFF NEWTON 18,000

IASCEND PTY LTD 7,000

ILBIJERRI ABORIGINAL AND TORRES STRAIT ISLANDER THEATRE CO-OPERATIVE LTD

2,000

INDIGENOUS RUNWAY PROJECT INCORPORATED

22,000

INSITE ARTS INTERNATIONAL PTY LTD 10,000

JODEE MUNDY COLLABORATIONS 2,000

KAGE 4,000

KATE NEAL 7,450

KOORIE HERITAGE TRUST INC 37,000

LISA ROET 13,000

LORNE SCULPTURE BIENNALE 2016 15,500

MADELEINE FLYNN 1,000

MALTHOUSE THEATRE 100,000

MELANIE JAME WALSH 2,200

MELBOURNE ART FOUNDATION 100,000

MELBOURNE FESTIVAL 86,750


MELBOURNE PRIZE TRUST 39,000

MELBOURNE RECITAL CENTRE (MRC) 10,000

MELBOURNE SYMPHONY ORCHESTRA 70,000

MELINDA HETZEL & CO 6,810

MULTICULTURAL ARTS VICTORIA INC 180,000

MUSEUMS AUSTRALIA (VICTORIA) INC 160,560

MUSICA VIVA AUSTRALIA 40,000

ONE STEP AT A TIME LIKE THIS 6,750

ORCHESTRA VICTORIA 469,969

POLYGLOT THEATRE 37,000

REGIONAL ARTS VICTORIA 1,100,000


04 APPENDICES

ROSLYN OADES 6,993

ROYAL SOUTH STREET SOCIETY 100,000

SHORT BLACK OPERA 35,000

SIMON RAYNOR 175,000

SISTERS GRIMM 2,000

SKYHIGH FOUNDATION 8,000

SNUFF PUPPETS 35,000

STEPHANIE LAKE COMPANY 6,500


THE BLACK ARM BAND 42,000

THE CLICK CLACK PROJECT 8,000

THE SOCIAL STUDIO INC. 31,476

THE WHEELER CENTRE 415,000

THEATRE NETWORK VICTORIA 16,000


VAPAC INC 40,000

VICTORIAN OPERA 35,000

WE3 7,000

WESTSIDE CIRCUS 55,000

Total 5,146,660

STREETLIFE


CARDINIA SHIRE COUNCIL 10,000

CITY OF GREATER DANDENONG 10,000

DIAMOND CREEK TRADERS ASSOCIATION INC

8,362

MAINSTREET AUSTRALIA INC 30,000

THE AUSTRALIAN RETAILERS ASSOCIATION

17,000


Total 93,362

STRONGER FISHING CLUBS

(DARTMOUTH) ALPINE ANGLERS CLUB 2,000

CALDER FLY FISHING ASSOCIATION 1,975

CRAIGIEBURN ANGLING CLUB 2,000

ENSAY ANGLING CLUB 2,000

GARFIELD ANGLING CLUB 2,000

GOULBURN MURRAY FLY FISHERS 2,000

ITALIAN AUSTRALIAN ANGLING CLUB 2,000

KYNETON ANGLING CLUB 2,000

LAKE PURRUMBETE ANGLING CLUB 2,000

MANSFIELD AND DISTRICT FLY FISHERS CLUB

2,000

MODEWARRE AND DISTRICT ANGLING CLUB

2,000

MORDIALLOC BOATING AND ANGLING CLUB

2,000

MORNINGTON PENINSULA FLY FISHERS 2,000

MURTOA ANGLING CLUB 2,000

NAGAMBIE ANGLING CLUB 2,000

NANGILOC FISHING CLUB 2,000

NATIVE FISH AUSTRALIA 2,000

NUMURKAH FISHING CLUB 2,000

PORT FAIRY ANGLING CLUB 2,000

SOUTHERN BOAT FISHING CLUB 2,000

SOUTHERN PENINSULA ANGLING CLUB 2,000

SUGARLOAF ANGLING CLUB 2,000

THORPDALE AND DISTRICT ANGLING CLUB

2,000

UPWEY ANGLING CLUB 2,000

VENUS BAY ANGLING CLUB 2,000

WIMMERA OFFSHORE ANGLERS AND GAMEFISHING CLUB

2,000

Total 51,975

STRONGER REGIONAL COMMUNITIES PLAN

ALPINE VALLEYS COMMUNITY LEADERSHIP PROGRAM

178,500



COMMITTEE FOR BALLARAT INC 200,000

COMMITTEE FOR GEELONG LIMITED 200,000


200,000

DONALD 2000 INC 5,000





MADEC AUSTRALIA 178,571

MUSEUM OF AUSTRALIAN DEMOCRACY AT EUREKA LTD

27,000




THE GOULBURN MURRAY COMMUNITY LEADERSHIP PROGRAM INC

178,500

VICTORIAN REGIONAL COMMUNITY LEADERSHIP PROGRAMS SECRETARIAT INC

357,143



193,500


Total 2,050,214

SUSTAINABLE SMALL TOWNS DEVELOPMENT FUND


Total 125,000

TECHNOLOGY COMMERCIALISATION PROGRAM

SCALE INVESTORS LIMITED 100,000

Total 100,000

TECHNOLOGY VOUCHER PROGRAM

3D APPLIED TECHNOLOGY 28,980

4 VOLTS ENGINEERING PTY LTD 61,306

AGENT ORIENTED SOFTWARE PTY LTD 50,000

AMAERO ENGINEERING PTY LTD 50,000

ARRAYWARE PTY LTD 10,000

AUSTRALIAN BIOCLOUD PTY LTD 15,500

BAREL, YOAV 50,000

BROWNLEE, JOANNA 13,000

BURTEK PTY LTD 66,800

CARDINAL JONES PTY LTD 22,102

CHARLWOOD DESIGN PTY LTD 25,000

COMMONWEALTH SCIENTIFIC AND INDUSTRIAL RESEARCH ORGANISATION

271,780

DAIRY INNOVATION AUSTRALIA LIMITED 35,000


DIUS COMPUTING PTY LTD 50,000

DR GREG SZTO PTY LTD 21,000

ETECH CONSULTING PTY LTD 50,000

EXCELL AUTOMATION PTY LTD 25,000

FB RICE 18,000

FERNANDO, ANTON 50,000

HIDDEN COVE SOLUTIONS PTY LTD 25,000

INGENEUS PTY LTD 27,500

INTERTEK TESTING SERVICES (AUSTRALIA) PTY LTD

119,688

LOUD & CLEAR CREATIVE PTY LTD 50,000

MELLADO, IVAN GUSTAVO 10,000

MINIFAB (AUST) PTY LTD 175,000


MORNING COFFEE PTY LTD 50,000

NATURAL BLUE CONSULTING PTY LTD 21,600

ONE BELL PTY LTD 35,356

OUTER SPACE DESIGN GROUP PTY LTD 51,275

PETER MACCALLUM CANCER INSTITUTE 50,000

PHILLIPS ORMONDE FITZPATRICK 10,000

PLANET INNOVATION PTY LTD 198,584

POLYMERS AUSTRALIA PTY LIMITED 50,000

POLYMERS CRC LTD 50,000

PORRAS CARTA, GABRIEL 10,000

PRINGLE, JAMES THOMAS 6,800

PROCEPT PTY LTD 50,000

PROFICIENCY CONTRACTING PTY LTD 30,000

RF PARTS AUSTRALIA PTY LTD 3,200


400,000

SCIENTIFIC TECHNOLOGY PTY LTD 67,000

SILLIKER AUSTRALIA PTY LTD 35,000

SPRIM AUSTRALIA PTY LTD 50,000

ST. VINCENT'S HOSPITAL (MELBOURNE) LIMITED

4,400

STUDYWIZ PTY LTD 35,000


121,500

SYNCHROTRON LIGHT SOURCE AUSTRALIA PTY LTD

8,000

TAYLOR, CHRISTOPHER JOHN 20,000

THE UNIVERSITY OF WOLLONGONG 4,198

TWO BULLS HOLDINGS PTY LTD 12,500


UOM COMMERCIAL LTD 30,000

VCAMM LIMITED 50,000

WORKING THREE PTY LTD 50,000

ZARNEX PTY LTD 32,200

Total 3,391,974


04 APPENDICES

THE ARCADE SKILLS DEVELOPMENT PROGRAM

GAME DEVELOPERS ASSOCIATION OF AUSTRALIA INCORPORATED

23,000

Total 23,000

THE GOOD LIFE CAMPAIGN


DEPARTMENT OF PREMIER AND CABINET 25,000

MOUNT ALEXANDER SHIRE COUNCIL 7,951


Total 52,951

TRADE EVENTS PROGRAM

ANDERYAN PTY LTD 2,000

AUSBIOTECH LTD 2,000

AUSTRALIAN INDUSTRY & DEFENCE NETWORK - VICTORIA INC

2,000

B.SIRIUS PTY LTD 2,000

BIODIEM LTD 2,000

BORTANA PTY LTD 2,000

CARBON MARKET INSTITUTE LIMITED 2,000

CAST BONDING AUSTRALIA PTY LTD 2,000

CATALYST THERAPEUTICS PTY LTD 2,000

CYNATA THERAPEUTICS LIMITED 2,000

DAVIES; CRAIG PROPRIETARY LIMITED 1,409

DIMERIX BIOSCIENCE LIMITED 2,000

DMTC LIMITED 2,000

FLINDERS PACIFIC PTY LTD 2,000

HADDARA CONSTRUCTIONS PTY LTD 2,000

HARROP ENGINEERING AUSTRALIA PTY LTD 2,000

HYDRIX SERVICES PTY LTD 2,000

IDT AUSTRALIA LIMITED 2,000

INNOVATIVE MECHATRONICS GROUP PTY LTD

2,000

MINIFAB (AUST) PTY LTD 2,000

NUCLEUS NETWORK LIMITED 2,000

OCCURX PTY LTD 2,000

PHM TECHNOLOGY PTY LTD 2,000

PRESCIENT THERAPEUTICS LIMITED 2,000

SENZ ONCOLOGY PTY LTD 2,000

SIMDIKOFF INTERNATIONAL 2,000

STAMP MEDIA PTY LTD 2,000

STARPHARMA PTY LTD 2,000

TASMAN ENVIRONMENTAL MARKETS PTY LTD

2,000

THE FLOREY INSTITUTE OF NEUROSCIENCE AND MENTAL HEALTH

2,000

VAS, ALLISTAIR LLOYD 2,000

Total 61,409

TRADE MISSIONS

7 CHEFS PTY LTD 2,000

ADVANCE VISION TECHNOLOGY (AUST) PTY LTD

2,000

AFFIRM SOFTWARE GROUP PTY LTD 2,000

AMBLYOPTICA (HOLDING) PTY LTD 2,000

ANECSYS PTY LTD 2,000

ARCARE PTY LTD 2,000

ARRAYWARE PTY LTD 2,000

ASHWORTH HOLDINGS PTY LTD 2,500

AUSTIN HEALTH 2,000

AUSTRALASIAN ACADEMY OF TENNIS COACHES PTY LTD

2,000

AUSTRALIAN PROVINCIAL CHEESE PTY LTD

2,000

AUSTRALIAN TABLEGRAPE ASSOCIATION INC

2,000

BENBURY MEAT COMPANY PTY LTD 2,000

BEST BUSINESS DEALS PTY LTD 1,918

BIBTECH PTY LTD 1,751

BIONIC VISION TECHNOLOGIES PTY LTD 2,000

BIZ CATALYST PTY LTD 2,000

BOX HILL INSTITUTE OF TAFE 2,000

BROOKING HARPER PTY LTD 2,000

BROWN BROTHERS MILAWA VINEYARD PTY LIMITED

1,348

BUSINESS INTELLIGENCE TECHNOLOGIES PTY LTD

2,000

CABRINI HEALTH LIMITED 2,000

CHEETHAM SALT LTD 1,875

CHISHOLM INSTITUTE 2,000

COLLABORATIONHUB PTY LTD 2,000

COMBITEL 2,000

CRUMPLER PTY LTD 2,000

CURVE TOMORROW PTY LTD 2,000

DAVIES; CRAIG PROPRIETARY LIMITED 2,000

DIADEM DDM PTY LTD 2,000


DOME CONSULTING (AUST) PTY LTD 2,000

DUCERE IP PTY LTD 2,000

DYNAMIC DESIGN AUSTRALIA PTY LTD 2,000

ET ARCHITECTS PTY LTD 2,000

EVISION PTY LIMITED 1,653

EXQUISINE PTY LTD 2,000

FENDER KATSALIDIS (AUST) PTY LTD 2,000

FLEXANSWER SOLUTIONS PTY LTD 2,000

G. & N. GUZZARDI WHOLESALERS PTY LTD

2,000

GELATAVITA MANAGEMENT PTY LTD 2,000

GENEMINER PTY LTD 2,000

GLOBAL XCHANGE PTY LTD 1,928

GRIDSTONE PTY LTD 2,000

HADDARA CONSTRUCTIONS PTY LTD 2,000

HARDCAT PTY LTD 2,000

HARVEST BOX PTY LTD 3,835

HEALTH AND PATIENT SERVICES PTY LTD 2,000

HOLMESGLEN INSTITUTE OF TAFE 2,000

HTA (VIC) PTY LTD 2,000

I.P.M.S. PTY LTD 2,000

INDEPENDENT MANAGEMENT GROUP PTY LTD

2,000

INOMIAL PTY LTD 2,000

INTELLIMEDICAL TECHNOLOGIES PTY LTD

2,000

INVEA-TECH ASIA PACIFIC PTY LTD 2,000

JADE TIGER ABALONE PTY LTD 2,000

KESEM HEALTH PTY LTD 2,000

KINGFISHER INTERNATIONAL PTY LTD 2,000

KOOKS & CO PTY LTD 2,000


LEARNING SEAT PTY LTD 2,000

M2M ONE PTY LTD 2,000

MEAT TENDER PTY LTD 2,000

MEGA CONSOLIDATED AUSTRALIA PTY LTD

2,000

MELBOURNE POLYTECHNIC 2,000

MICROLISTICS PTY LTD 2,000

MILDURA DEVELOPMENT CORPORATION INC

2,000

MILL SOFTWARE PTY LTD 2,000


NATIONAL AGEING RESEARCH INSTITUTE LIMITED

2,000

NWO GROUP PTY LTD 2,000

OBENA FALLS PTY LTD 2,000

OPAQUE MULTIMEDIA PTY LTD 2,000

OPTOTECH PTY LTD 4,000

OSCAR HOSPITALITY SOLUTIONS PTY LTD

2,000

OUTER SPACE DESIGN GROUP PTY LTD 2,000

PACTUM DAIRY GROUP PTY LTD 2,000

PAPERCUT SOFTWARE INTERNATIONAL PTY LTD

2,000

PEERCORE IT PTY LTD 2,000

PEPTOLAB PTY LTD 2,000

PETTAVEL AUSTRALIA PTY LTD 1,623

PODZY PTY LTD 2,000

POLYBART PTY LTD 2,000

PROXIMITI PTY LTD 2,000


2,000

S. HARRIS AND SONS PTY LIMITED 2,000

SAHARA GROUP PTY LTD 2,000

SELECT HARVESTS FOOD PRODUCTS PTY LTD

6,000

SINGLE SERVE PACKAGING PTY LTD 2,000

SO MOORISH FOOD PTY LTD 2,000

SONOA MANAGEMENT SERVICES PTY LTD

2,000

SOURCEDYNAMIX ASIA PACIFIC PTY LTD 2,000

STREAMLINE SOLUTIONS PTY LIMITED 4,000

SYPAQ SYSTEMS PTY LTD 2,000

TELSTRA CORPORATION LIMITED 2,000

THE BIONICS INSTITUTE OF AUSTRALIA 2,000

THE ENTERPRISE EVOLUTION GROUP PTY LTD

2,000

THE ROYAL AGRICULTURAL SOCIETY OF VICTORIA LIMITED

2,000

TWO BULLS HOLDINGS PTY LTD 2,000

UNITYHEALTH PTY LTD 2,000


VICTORIA UNIVERSITY 2,000

WT PARTNERSHIP AUST. PTY LTD 2,000

ZOYU DIGITAL PTY LTD 1,870

Total 218,300


04 APPENDICES

VICARTS GRANTS

ADI SAPPIR / UNDER THE OLIVE TREE 8,000

ALEXANDER GARSDEN 15,000

ALI FYFFE 12,885

ALISON HALIT 10,000

ANDREA KELLER 9,800

ARCHER MAGAZINE 15,000

ARTS ACCESS VICTORIA ON BEHALF OF JO DUNBAR

30,000

ARTS HOUSE 78,000

ARTS PROJECT AUSTRALIA 12,000

ASHLEY DYER 20,000

ASTRA CHAMBER MUSIC SOCIETY 40,000

ATLANTA 10,675

AUSPICIOUS ARTS PROJECTS ON BEHALF OF ADAM WHEELER

25,000

AUSPICIOUS ARTS PROJECTS ON BEHALF OF CHI VU

17,000

AUSPICIOUS ARTS PROJECTS ON BEHALF OF ELISSA GOODRICH

10,500

AUSPICIOUS ARTS PROJECTS ON BEHALF OF HELEN HERBERTSON

38,000

AUSPICIOUS ARTS PROJECTS ON BEHALF OF JAMES BRENNAN

40,000

AUSPICIOUS ARTS PROJECTS ON BEHALF OF JODEE MUNDY

21,000

AUSPICIOUS ARTS PROJECTS ON BEHALF OF JOHN HARVEY

18,000

AUSPICIOUS ARTS PROJECTS ON BEHALF OF KATERINA KOKKINOS-KENNEDY

34,495

AUSPICIOUS ARTS PROJECTS ON BEHALF OF KERENSA DIBALL

16,000

AUSPICIOUS ARTS PROJECTS ON BEHALF OF MELINDA SMITH

15,390

AUSPICIOUS ARTS PROJECTS ON BEHALF OF PRUE LANG

28,054

AUSPICIOUS ARTS PROJECTS ON BEHALF OF SAMARA HERSCH

30,000

AUSPICIOUS ARTS PROJECTS ON BEHALF OF SANDRA PARKER

26,000

AUSPICIOUS ARTS PROJECTS ON BEHALF OF SARAH KRIEGLER

25,000

AUSPICIOUS ARTS PROJECTS ON BEHALF OF TRISTAN MEECHAM

18,000

AUSPICIOUS ARTS PROJECTS ON BEHALF OF WEAVE MOVEMENT THEATRE

14,544

AUSTRALIAN ART ORCHESTRA 40,000

AUSTRALIAN BOOK REVIEW 20,000

BANMIRRA ARTS INC 75,000

BELGIUM AVE NEIGHBOURHOOD HOUSE 40,000

BELINDA KELLY (ARTHUR PRODUCTIONS) 25,000

BETTY SARGEANT 19,770

BLAK DOT GALLERY 45,000

BLINDSIDE 29,300

BRIENNA MACNISH 17,500

CAPITAL VENUES AND EVENTS ON BEHALF OF DAVID CHISHOLM

42,000

CASSANDRA ATHERTON 9,000

CASTLEMAINE CIRCUS INC 12,200

CHART COLLECTIVE 7,000

CITY OF DAREBIN 25,200

CLAIRE ROBERTSON 15,000

CLIMARTE INC 9,200

CLOVERDALE COMMUNITY CENTRE 10,000

CORDITE POETRY INC 24,625

DANIEL JENATSCH 15,000

DAVE JONES 18,280

DAVID WELLS 16,900

DEAKIN UNIVERSITY ON BEHALF OF DAVID CROSS

10,000

DEAKIN UNIVERSITY ON BEHALF OF JORDAN BETH VINCENT

20,000

ELISION INCORPORATED 25,000

ELIZABETH BRYER 12,000

ELIZABETH WELSH 5,000

FIELD THEORY 18,000

FIONA HILE 20,000

FLINDERS QUARTET INC 15,000


GASWORKS ARTS PARK 9,000

GEOFFREY WATSON 15,000

GEORGIA HARVEY 7,214

GOLDEN CITY SUPPORT SERVICES INC 15,000

GOVIN RUBEN; THE RUBIX CUBE 22,500

HELEN JOHNSON 10,846

HELEN RAYMENT 20,000

HOBSONS BAY COMMUNITY ARTS INC 50,000

ILBIJERRI THEATRE ON BEHALF OF JACOB BOEHME

21,500

INKU KANG 9,900


JACQUI STOCKDALE 9,000

JAHNNE PASCO-WHITE 5,000

JAMES RUSHFORD 11,787

JAMES THOMAS LAWSON 17,600

JANE O'NEILL 16,000

JENNY ACKLAND 14,235

JESSICA FRIEDMANN 16,000

JESSIE LLOYD 20,000

JESUIT SOCIAL SERVICES LIMITED 10,000

JO SCICLUNA 15,000

JOLT SONIC ARTS 50,000

JOSEPH O'FARRELL 10,000

JOSHUA PETHERICK 10,000

JULIA DEVILLE 10,000

JUSTIN HEAZLEWOOD 19,250

KATRIONA TSYRLIN 5,410

KIDS OWN PUBLISHING AUSTRALIA (INC) 38,000

KILL YOUR DARLINGS PTY LTD 33,000

LEAH SCHOLES 14,000

LEE SERLE 18,000

LÉULI ESHRAGHI 8,300

LIAM MCGORRY 9,300

LILI WILKINSON 10,000

LISA ROET 13,000

LIZA LIM 9,000

LORNE SCULPTURE BIENNALE 2016 20,000

LOUISEANN KING 10,000

LOURIS VAN DE GEER 28,500

LUKE GEORGE AND COLLABORATORS 10,150

MAKE IT UP CLUB 20,000

MALLEE DISTRICT ABORIGINAL SERVICES 29,600

MARK BRANDI 6,350

MARK WILSON 10,000

MARTIN MACKERRAS 5,000

MAURICIO CARRASCO 12,500

MEDIA LAB MELBOURNE / TRAVIS COX 9,900

MELBOURNE BALLET COMPANY 14,000

MELBOURNE JAZZ CO-OPERATIVE 45,000

MELBOURNE UKULELE FESTIVAL INC 9,500

MIA DYSON 15,000

MONASH UNIVERSITY ON BEHALF OF BROOK ANDREW

16,610

MONASH UNIVERSITY ON BEHALF OF MATTHEW BIRD

12,300

MONASH UNIVERSITY ON BEHALF OF NICHOLAS MANGAN

14,240

MONASH UNIVERSITY ON BEHALF OF TOM NICHOLSON

14,000

MULTICULTURAL ARTS VICTORIA INC ON BEHALF OF BELINDA ANNAN

9,900

MULTICULTURAL ARTS VICTORIA INC ON BEHALF OF VICTORIA CHIU

15,000

MUSIC AT THE BASILICA INC 8,000

NAOMI OTA 20,000

NATALIE ABBOTT 12,000

NATIONAL CELTIC FESTIVAL - AUSTRALIA 7,000

NICOLE HAYES 15,000

OH PEP! 14,974

OUTER URBAN PROJECTS 50,000

PERFORMING LINES ON BEHALF OF LIZ DUNN

9,500

PETER KENNEDY 16,000

PHILIP SAMARTZIS 20,000

PHUNKTIONAL LTD 33,000

PLATFORM ARTISTS GROUP INC 15,000

PLATFORM YOUTH THEATRE ON BEHALF OF LAURA HARTNELL

7,000

PLATFORM YOUTH THEATRE ON BEHALF OF THOMAS BANKS

28,500

PLAYWRITING AUSTRALIA 40,000

POLLY STANTON 11,000

PRESENT TENSE ENSEMBLE 20,000

REBECCA STARFORD 10,000

REMI 11,000

RMIT ON BEHALF OF IAN HAIG 12,702

ROBERTA RICH 5,000

ROSE ERTLER 7,000

ROSS ONLEY-ZERKEL 11,500

RUSHDI ANWAR 10,000

RYAN WILLIAMS 3,500

SARAH CROWEST 10,000

SOMEBODY'S DAUGHTER THEATRE COMPANY

45,000

SONIA LEBER AND DAVID CHESWORTH ON BEHALF OF SONIA LEBER

14,340

SONIA ORCHARD 10,000

SPEAK PERCUSSION INC ON BEHALF OF MATTHIAS SCHACK-ARNOTT

10,000


04 APPENDICES

SPRING1883 20,000

STEPHANIE LAKE COMPANY 25,000

STEPHANIE VAN SCHILT 15,000

SUSAN JACOBS 15,000

SUTTON GALLERY 5,000

SWINGBRIDGE ARTS LTD T/A JUMP LEADS PRODUCTIONS

10,000

TARRAWARRA MUSEUM OF ART 22,500

TERENCE JAENSCH 10,000

THE AVOCA PROJECT INC 20,000

THE GERTRUDE PROJECTION ASSOCIATION 55,000

THE LIFTED BROW 34,408

THE OWNERSHIP PROJECT 30,500

THE REREADERS PODCAST 17,900

THE VILLAGE FESTIVAL OF NEW PERFORMANCE

23,500

TROY INNOCENT 9,600

UNIVERSITY OF MELBOURNE ON BEHALF OF FRAN EDMONDS

15,000

VICTORIAN AIDS COUNCIL ON BEHALF OF BEC REID

16,800

WANDOON ABORIGINAL EATATE CORPORATION

5,000

WARRNAMBOOL ART GALLERY 10,000

WILD@HEART COMMUNITY ARTS 35,000

WILLIAMSTOWN LITERARY FESTIVAL 10,000

WOMEN'S CIRCUS ON BEHALF OF TOMOKO YAMASAKI

14,000

WRITERS VICTORIA INC ON BEHALF OF MAY HU

24,650

XANTHE DOBBIE 7,000

ZHENG-TING WANG 8,000

ZOE SCOGLIO 12,500

Total 3,158,084

VICTORIA INDIA SKILLS PARTNERSHIP START-UP ALLOWANCES

BENDIGO KANGAN INSTITUTE 40,000

CAREER EDUCATION ASSOCIATION OF VICTORIA INC

70,000

CAREER LIFE COLLEGE PTY LTD 34,000

Total 144,000

VICTORIA INTERNATIONAL RESEARCH SCHOLARSHIP


Total 60,000

VICTORIA ISRAEL SCIENCE INNOVATION AND TECHNOLOGY SCHEME

BUTLER MARKET GARDENS PTY LTD 2,500

NCN INVESTMENTS PTY LTD 2,000

PROFESSIONAL SERVICES CHAMPIONS LEAGUE PTY LTD

4,000

VALLEY SEEDS PROPRIETARY LIMITED 50,000

Total 58,500

VICTORIAN BUSHFIRE BUSINESS INVESTMENT FUND

S.T HUDSON & P.J WHITE 240,000

UNITED PETROLEUM PTY LTD 300,000

Total 540,000

VICTORIAN BUSINESS FLOOD RECOVERY FUND

ELLIOTT HOLDINGS (AUST.) PTY LTD 100,000

LEDA CUSTOM FARM EQUIPMENT PTY LTD

100,000

MORTLOCK HYDROPONICS PTY LTD 66,670

SOUTHERN STOCKFEEDS (OPERATIONS) PTY LTD

75,000

THE OUTDOOR EDUCATION GROUP 150,000

TOLOSA HOLDINGS PTY LTD 20,000

Total 511,670

VICTORIAN ENDOWMENT FOR SCIENCE, KNOWLEDGE & INNOVATION ACTIVITIES

VESKI 100,000

Total 100,000

VICTORIAN INTERNATIONAL EDUCATION AWARDS

AIBINUOMO (HYBEE) IYIADE 10,000

ASHRAFALSADAT HOSSEINI 10,000

FANG XUAN KOAY 20,000

JIRAYUT PROMPEN 10,000

JOSLYN MA 10,000

Total 60,000


VICTORIAN POSTDOCTORAL RESEARCH FELLOWSHIPS



300,000


Total 1,100,000

VICTORIAN PUBLIC SCULPTURE FUND

JAMES GEURTS 20,000

YARRA RANGES COUNCIL 36,000

Total 56,000

VICTORIA'S SCIENCE AGENDA

ID RESEARCH PTY LIMITED 75,500

Total 75,500

VICTORIA'S TECHNOLOGY PLAN FOR THE FUTURE - BIOTECHNOLOGY

BIO 21 AUSTRALIA LIMITED 154,794

MRCF PTY LTD 800,000

SMALL TECHNOLOGIES CLUSTER LTD 146,404

Total 1,101,198

EMPLOYMENT START UP FOR INDIGENOUS JOBSEEKERS PROGRAM

A.R.T EMPLOYMENT PTY LTD 97,200

COLLINGWOOD FOOTBALL CLUB LIMITED

74,700

ESSENDON FOOTBALL CLUB. 50,500

LINK EMPLOYMENT & TRAINING INC 10,000


MUNICIPAL ASSOCIATION OF VICTORIA 82,000

RAW CONSULTING GROUP PTY LTD 99,000

RUMBALARA FOOTBALL NETBALL CLUB INC

133,650

SKILLINVEST LIMITED 49,500


THE AUSTRALIAN RETAILERS ASSOCIATION

38,750

TIGERS IN COMMUNITY FOUNDATION LIMITED

159,750

VICTORIAN ABORIGINAL COMMUNITY SERVICES ASSOCIATION LIMITED

10,000


WORN GUNDIDJ ABORIGINAL CO-OPERATIVE LTD

97,400

Total 1,168,950

WIFI VICTORIA

IINET LIMITED 780,261

Total 780,261

YOUNG FARMER SCHOLARSHIP

A.P SAFSTROM & S.J SAFSTROM 3,870

CAITLIN SAURO 9,000

HOCH, DANIEL DAVID 1,210

IAN C & BELINDA J BROWN 9,104

JESSICA MIGNANO 4,714

ONTOS FARM ORGANICS 3,180

SEVEN CREEKS GRAIN FED PTY LTD 2,200

THOMAS BATTERS 6,566

Total 39,844

YOUNG PROFESSIONALS PROVINCIAL CADETSHIPS PROGRAM

CARDELL ACCOUNTANTS PTY LTD 4,750

DN VISION PTY LTD 500

GIPPSLAND LAKES COMMUNITY HEALTH 1,000

MGR SOLICITORS PTY LTD 1,000

MURRAY MALLEE LOCAL LEARNING AND EMPLOYMENT NETWORK INC

2,000

Total 9,250

YOUTH EMPLOYMENT SCHEME

COURT SERVICES VICTORIA 40,500


13,500

DEPARTMENT OF HEALTH AND HUMAN SERVICES

153,500

DEPARTMENT OF JUSTICE AND REGULATION

116,000

DEPARTMENT OF PREMIER AND CABINET 2,500

DEPARTMENT OF TREASURY AND FINANCE

51,000

Total 377,000

GRAND TOTAL 203,241,568


04 APPENDICES

Appendix 17: Ministerial Statements of ExpectationsMinisters may issue Statements of Expectation (SoEs) to departmental regulators that relate to performance and improvement.

The department is required to respond to those SoEs and to report their performance accordingly.

Responses and performance reports relating to current SoEs are available on the department’s website.

Appendix 18: Additional departmental information on requestIn compliance with the requirements of the Standing Directions of the Minister for Finance, details in respect of the items listed below have been retained by the department and are available on request, subject to the provisions of the Freedom of Information Act 1982:

• statement that declarations of pecuniary interests have been duly completed by all relevant officers of the department

• details of shares held by a senior officer as nominee or held beneficially in a statutory authority or subsidiary

• details of publications produced by the department about the department, and how these can be obtained

• details of changes in prices, fees, charges, rates and levies charged by the department

• details of any major external reviews carried out on the department

• details of major research and development activities undertaken by the department

• details of overseas visits undertaken including a summary of the objectives and outcomes of each visit

• details of major promotional, public relations and marketing activities undertaken by the department to develop community awareness of the department and its services

• details of assessments and measures undertaken to improve the occupational health and safety of employees

• general statement on industrial relations within the department and details of time lost through industrial accidents and disputes

• list of major committees sponsored by the department, the purposes of each committee and the extent to which the purposes have been achieved

• details of all consultancies and contractors.

The information is available on request from:

Executive Director Ministerial and Portfolio Services Department of Economic Development, Jobs, Transport and Resources

T: (03) 8392 6978


Appendix 19: Acronyms in this reportAMI Advanced Metering Infrastructure

CBD Central Business District

CEO Chief Executive Officer

DEDJTR Department of Economic Development, Jobs Transport and Resources

DTF Department of Treasury and Finance

EO Executive Officer

FRD Financial Reporting Direction

FTE Full-time Equivalent

ICT Information and Communication Technology

LXRA Level Crossing Removal Authority

MMRA Melbourne Metro Rail Authority

MOG machinery-of-government

MPV Major Projects Victoria

OHS Occupational Health and Safety

RGF Regional Growth Fund

USA United States of America

VGBO Victorian Government Business Office

VIPP Victorian Industry Participation Policy

VPS Victorian Public Sector


04 APPENDICES

Appendix 20: Disclosure indexThe DEDJTR annual report is prepared in accordance with all relevant Victorian legislation and pronouncements. This index has been prepared to facilitate identification of the department’s compliance with statutory disclosure requirements.

MINISTERIAL DIRECTIONS

Legislation Requirement Page reference

Report of Operations – FRD guidance

Charter and purpose

FRD 22G Manner of establishment and the relevant ministers 7-11

FRD 22G Purpose, functions, powers and duties 6

FRD 8D Departmental objectives, indicators and outputs 198

FRD 22G Key initiatives, projects and key achievements 12

FRD 22G Nature and range of services 8

Management and structure

FRD 22G Organisational structure 9-11

Financial and other information

FRD 8D Performance against output performance measures 200

FRD 8D Budget portfolio outcomes 248

FRD 10A Disclosure index 322

FRD 12A Disclosure of major contracts 280

FRD 15C Executive officer disclosures 44

FRD 22G Employment and conduct principles 261

FRD 22G Occupational health and safety policy 257

FRD 22G Summary of the financial results for the year 253

FRD 22G Significant changes in financial position during the year 24

FRD 22G Major changes or factors affecting performance 253

FRD 22G Subsequent events 187

FRD 22G Application and operation of Freedom of Information Act 1982 282

FRD 22G Compliance with building and maintenance provisions of Building Act 1993

288

FRD 22G Statement on National Competition Policy 288

FRD 22G Application and operation of the Protected Disclosure Act 2012 290

FRD 22G Application and operation of the Carers Recognition Act 2012 261

FRD 22G Details of consultancies over $10,000 280

FRD 22G Details of consultancies under $10,000 280


FRD 22G Disclosure of government advertising expenditure 278

FRD 22G Disclosure of ICT expenditure 281

FRD 22G Statement of availability of other information 320

FRD 24C Reporting of office-based environmental impacts 272

FRD 25B Victorian Industry Participation Policy disclosures 278

FRD 29A Workforce data disclosures 263

SD 4.5.5 Attestation for compliance with Ministerial Standard Direction 4.5.5 289

Financial Report

SD 4.2(g) Specific information requirements 2-16

SD 4.2(j) Sign-off requirements 5

Financial statements required under Part 7 of the FMA

SD 4.2(a) Statement of changes in equity 24

SD 4.2(b) Operating statement 22

SD 4.2(b) Balance sheet 23

SD 4.2(b) Cash flow statement 25

Other requirements under Standing Directions 4.2

SD4.2(c) Compliance with Australian accounting standards and other authoritative pronouncements

27

SD4.2(c) Compliance with Ministerial Directions 21

SD4.2(d) Rounding of amounts 30

SD4.2(c) Accountable officer’s declaration 21

SD4.2(f) Compliance with Model Financial Report 27

Other disclosures as required by FRDs in notes to the financial statements

FRD 9A Departmental disclosure of administered assets and liabilities by activity

138

FRD 11A Disclosure of ex gratia expenses 174

FRD 13 Disclosure of parliamentary appropriations 76

FRD 21B Disclosures of responsible persons, executive officers and other personnel (contractors with significant management responsibilities) in the financial report

184-186

FRD 102 Inventories 116

FRD 103F Non-financial physical assets 114

FRD 110 Cash flow statements 25 & 135

FRD 112D Defined benefit superannuation obligations 120


04 APPENDICES

Legislation

Freedom of Information Act 1982 282

Building Act 1993 288

Protected Disclosure Act 2012 290

Carers Recognition Act 2012 261

Victorian Industry Participation Policy Act 2003

278

Financial Management Act 1994 21

Electricity Industry Act 2000 282

Fisheries Act 1995 289

Mineral Resources (Sustainable Development) Act 1990

289


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