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DEPARTMENT OF STATE

DEVELOPMENT BUSINESS AND

INNOVATION ANNUAL REPORT

2013-14

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DSDBI ANNUAL REPORT 2013-14

This 2013-14 Annual Report covers the Department of State Development, Business and Innovation, an individual entity.

Published by the Department of State Development, Business and Innovation. October 2014. Also published on dsdbi.vic.gov.au

Content coordination, design and production

Strategic Communication and Marketing Branch Department of State Development, Business and Innovation

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This document is also available in an accessible format on the internet at dsdbi.vic.gov.au

© Copyright State of Victoria 2014. This publication is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968.

Authorised by the Victorian Government, Department of State Development, Business and Innovation 121 Exhibition Street, Melbourne VIC 3000 Postal Address: PO Box 4509, Melbourne VIC 3001

Tel: 1300 366 355

ISSN 2202-6924 (Print)

DSDBI 6823

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 1

CONTENTS01 OVERVIEW 2

Secretary’s foreword 3

Department overview 5

Major department changes during 2013-14 5

Organisational chart 6

Governance arrangements 8

Highlights for 2013-14 10

02 SIGNIFICANT ACHIEVEMENTS AND OTHER HIGHLIGHTS AGAINST STRATEGIC OBJECTIVES 12

Assist businesses in accessing skilled workers to align with Victoria’s industry needs 13

Promote Victoria to attract tourists, investors and students 15

Support organisations to boost their productivity through innovation 18

Provide market intelligence and assistance to organisations to make it easy to invest in Victoria 22

Create more opportunities for Victorian businesses to grow and become more productive and competitive in the global marketplace 25

Promote the delivery of safe, reliable and competitive energy services, and grow a sustainable resources sector 31

03 FINANCIAL REPORT 34

04 APPENDICES 116

2 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14

01 OVERVIEW


01 OVERVIEW

Trade

In recent years the department’s Trade Engagement Program has been highly successful in promoting Victorian industry capability and providing direct support for companies to develop new skills and export markets. Building on the positive momentum generated in previous years, in 2013-14 the department conducted a series of outbound trade missions for 900 organisations, including four Super Trade Missions (STM) to China, the Middle East and Turkey, India and South-East Asia. Alongside the STM Program the Victorian Government also continued its series of smaller-scale targeted trade missions, including a mission to the USA to promote Victoria’s strong defence and aerospace capabilities and develop relationships formed on previous defence missions. Complementing the outbound trade mission program, the department conducted 12 inbound trade missions including International Food and Beverage Week, Australian Automotive Week and the Melbourne-Latin America Education Symposium.

To encourage growth in Victoria’s tourism market, in 2013 Tourism Victoria launched two pivotal strategies, Victoria’s 2020 Tourism Strategy and Victoria’s Regional Tourism Strategy 2013-16, providing industry leadership for the future. Victoria’s 2020 Tourism Strategy outlines the Government’s plan to increase overnight tourism expenditure to $24.7 billion by 2020. This represents annual growth of 6.6 per cent, in line with the long-term national tourism strategy. Victoria’s Regional Tourism Strategy was developed to stimulate tourism in regional areas and ensure that regional Victoria will share the economic benefits of the tourism market. Tourism Victoria will implement both strategies in partnership with regional tourism boards, local government, industry and other stakeholders to increase visitation to the state, particularly regional Victoria.

ECONOMIC CONTEXT

Economic conditions in the state were subdued but stable in 2013-14. Victoria’s economic growth over the year continued to reflect an economy hampered by fluctuating consumer and business sentiment and weak private investment and jobs growth. State final demand rose 1.8 per cent over the year to March 2014 with consumption contributing almost all the growth over that period, although housing investment was also important.

While interest rates remained low, limited overall demand meant that businesses were cautious and focused on maintaining markets rather than investing for growth. This is reflected in a slight decline in private business investment in the year to March 2014. The declining share of manufacturing in the economy – a transition which has been occurring for at least twenty years – will mean a smaller ongoing contribution from manufacturing to business investment but ultimately a more diverse economy with greater resilience to industry-specific shocks.

Employment conditions in Victoria have remained soft with the rate of job growth trailing population growth. Unemployment has risen while participation has trailed off, partly due to the ageing of the workforce but also due to weak employment demand and scarce opportunities. However, despite this, labour market conditions are stronger than experienced in previous periods of adjustment such as the early 1990s. Population growth has remained a key support for the labour market, fuelled by both net overseas and interstate migration, reflecting the attractive liveability and sound economic prospects of the state.

Positive outcomes were seen in relation to exports, with exports from Victoria growing during 2013. Goods exports grew strongly, led by food items, while tourism was a major area of growth in services exports. Exchange rates moderated during 2013, compared with highs in recent years. However, they have strengthened slightly again in 2014, leading to growing import competition.

After a period of restrained growth, Victoria’s economic performance looks set to improve in 2014-15. Buoyed by stronger household consumption and private investment, real gross state product is

SECRETARY’S FOREWORD

forecast to grow to 2.5 per cent in 2014-15 from a forecast 2.0 per cent in 2013-14. These improved conditions will complement the state’s existing strengths, including our links to emerging and established economies in Asia, the United States of America (USA) and Europe; our world-class health and education sectors; our significant natural resources base; and the attraction of Melbourne to international tourists and associated activities such as major events and conventions.

THE DEPARTMENT

2013-14 was a year of change and consolidation at the Department of State Development, Business and Innovation (DSDBI) as the department incorporated three new functions - energy and earth resources, whole-of-Victorian Government (WoVG) information and communication technology (ICT) and Regional Development Victoria (RDV) - and established the Office of State Development (OSD) to streamline investment facilitation activities.

The department’s chief aim – to encourage economic growth through a supportive business environment – is underpinned by a focus on expanding markets for Victorian businesses, attracting foreign investment to the state and enhancing business productivity through innovation and red tape reduction.

The department’s Business Engagement Model supports our efforts towards these objectives by enabling us to work directly with businesses to understand their needs. Over the year the department’s Business Development Managers, based in five metropolitan and 18 regional offices, as well as 17 international Victorian Government Business Offices (VGBO) engaged with 13,000 companies.

Details of the department’s achievements in 2013-14 are contained throughout this report. They confirm that DSDBI has had a successful year.


01 OVERVIEW

Whole of Victorian Government ICT

The Government’s ICT performance is a key focus for the department. In March 2014, a refreshed Victorian Government ICT Strategy was released to further improve digital channels for citizens and businesses, and standardise systems and processes to improve the productivity of government. Significant savings have been achieved through renegotiation of WoVG telecommunications and software licensing contracts, reflecting the commitment to be more strategic in the procurement of ICT products and services and achieve better value for money.

Business competitiveness and consumer support

The department has also continued its efforts to support Victorian small businesses at a regulatory and enterprise level. Amendments to the Small Business Commissioner Act 2003 were passed to strengthen the powers and functions of the Victorian Small Business Commissioner to improve low cost business-to-business dispute resolution services. The Commissioner now has specific authority to help small businesses in dispute with Victorian government departments, local councils and other Government agencies.

In 2013 the first ‘Support Small Business Day’ was held to encourage Victorians to explore their local community and spend at local small businesses.

The earth resources sector makes a significant contribution to the Victorian economy, employing over 7,700 Victorians and contributing $6.4 billion to Victoria’s gross state product. A safe, reliable and competitive energy sector is crucial to Victoria’s competitiveness and consumer wellbeing.

In order to improve information to energy consumers and maximise the benefits of smart meters, in September 2013 the Government supported energy retailers to launch flexible electricity pricing options which will give Victorian consumers more choice and a new independent online tool to help consumers choose pricing plans that can save them money. The My Power Planner electricity price comparison website, the first of its kind in Australia, has provided price comparisons and identified annual savings to over 70,000 customers.

Investment

The department continued to actively pursue investment in the state by local and international companies. In 2013-14, the department investment attraction and facilitation activities helped create 6,300 full-time equivalent (FTE) jobs across 200 major investment projects worth more than $2.6 billion. A headline project was Exelis, a global defence company establishing its Asia Pacific regional headquarters in Melbourne. The department’s investment attraction and facilitation activities were further supported by the introduction of the Significant Investment Desks in VGBOs in China (Shanghai), United Kingdom (UK)/Europe (London), South-East Asia (Kuala Lumpur) and India (Bangalore). The desks provide Victoria with an opportunity to capitalise on its position as the leading Australian destination for business and investor migrants.

The Major Projects portfolio achievements in 2013-14 included substantial progress on the first stage of the $366 million Melbourne Park Redevelopment which will be completed in time for the 2015 Australian Open. Substantial progress was also achieved on the $45 million Galleries of Remembrance Project, which developed a new gallery and education space underneath the Shrine of Remembrance. Practical completion was achieved approximately 12 weeks ahead of schedule and on budget. In late June 2014 the Premier of Victoria the Hon. Dr Denis Napthine MP, the Hon. David Hodgett MP and the Hon. Kim Wells MP officially opened the $109 million Victorian Emergency Management Training Centre (VEMTC), a world-class emergency services training facility located in Craigieburn, which gives all Victorian emergency services agencies access to real-life firefighting training scenarios.

Recognising that strategic investment in Victoria’s mining industry is needed to maximise the sector’s potential, in 2013-14 the department established Minerals Development Victoria (MDV) as a single point-of-entry for investors and the lead agency for facilitating approvals for new resource projects and developments in Victoria.

Regional development

In response to the recommendations of the Victorian Bushfires Royal Commission in 2013-14 the department began rolling out the Powerline Bushfire Safety Program (PBSP). In the first half of 2014, approximately 45 kilometres of powerlines were replaced with underground or aerial bundled cable in high fire risk areas (including work in the Otway Ranges and the Dandenong Ranges) and 30 back-up power generators were installed in residential care facilities for vulnerable Victorians.

RDV continued to support projects that drive regional economies and help manage regional growth. For example, in 2013-14 the Regional Growth Fund (RGF) committed $1.2 million to the development of Philip Island’s tourism offerings, and $1.5 million towards Burra Foods’ $22 million expansion of its infant formula production facility in Korumburra, illustrating the diverse ways in which the productive potential of regional industries can be strengthened through careful government investment.

Conclusion

The department has demonstrated its ability to remain focused during a period of change and I would like to thank all officers for their continuing hard work and professionalism.

Howard Ronaldson Secretary Department of State Development, Business and Innovation


01 OVERVIEW

DEPARTMENT OVERVIEWMAJOR DEPARTMENT CHANGES DURING 2013-14

MISSION STATEMENT

DSDBI is the Victorian Government’s lead agency for the promotion and facilitation of the state’s economic development. The department develops and implements a diverse range of programs, initiatives and projects designed to attract and facilitate investment, encourage exports, generate job opportunities, stimulate innovation and promote Victoria nationally and internationally.

OBJECTIVES

> Assist businesses in accessing skilled workers to align with Victoria’s industry needs

> Promote Victoria to attract tourists, investors and students

> Support organisations to boost their productivity through innovation

> Provide market intelligence and assistance to organisations to make it easy to invest in Victoria

> Create more opportunities for Victorian businesses to grow and become more productive and competitive in the global marketplace

> Promote the delivery of safe, reliable and competitive energy services, and grow a sustainable resources sector.

VALUES

The department has embraced the organisational values of accountability, respect, responsiveness, integrity, impartiality and leadership, which are outlined in the Public Administration Act 2004.

CHANGES IN MINISTERIAL APPOINTMENTS

On 17 March 2014, on the advice of the Premier of Victoria the Hon. Dr Denis Napthine MP, the Governor of Victoria His Excellency the Hon. Alex Chernov AC QC withdrew the following Ministerial appointments relevant to the department:

> The Hon. Louise Asher MP, as Minister for Innovation, Services and Small Business

> The Hon. Nicholas Kotsiras MP, as Minister for Energy and Resources.

The Governor of Victoria made the following Ministerial appointments:

> The Hon. Louise Asher, MP, as Minister for Innovation

> Mr Russell Northe MP, as Minister for Energy and Resources and Minister for Small Business.


01 OVERVIEW

PARLIAMENTARY SECRETARY TOURISM AND TRADE

Tim McCurdy MP

VICTORIAN SMALL BUSINESS COMMISSIONER

Geoff Browne

RISK AND AUDIT COMMITTEE

SECRETARY

Howard Ronaldson

TOURISM AND AIRLINE SERVICES Chief Executive/ Deputy SecretaryLeigh Harry

Strategy, Policy and Corporate Services

Tourism Investment Attraction

Tourism Marketing

> International Marketing and Air Services

> Destination and Product Marketing

> Destination Communication

> Online Marketing

TRADE, MANUFACTURING, AVIATION AND EMPLOYMENTDeputy SecretaryMarion Van Rooden

Aviation, Defence and Aerospace

Industry Programs

International Education, Migration and Employment

International Victorian Government Business Offices

Trade

ENERGY AND EARTH RESOURCESDeputy SecretarySandra Denis

CarbonNet Project

Earth Resources Development

Energy Sector Development

Energy Technology Innovation

Strategic Policy Energy and Earth Resources

OFFICE OF THE CHIEF OPERATING OFFICER Chief Operating OfficerSue Jaquinot

Inner Melbourne VGBO

Northern Metropolitan VGBO

Southern Metropolitan VGBO

Eastern Metropolitan VGBO

Western Metropolitan VGBO

INNOVATION, SERVICES, SMALL BUSINESS AND TECHNOLOGYChief Technology Advocate/Deputy SecretaryGrantly Mailes

Digital Government

ICT Innovation

ICT Procurement

Innovation, Technology and Industry Programs

Small Business

ORGANISATIONAL CHARTDepartment of State Development, Business and Innovation (at 30 June 2014)

MINISTER FOR ENERGY AND RESOURCESMINISTER FOR SMALL BUSINESS

The Hon. Russell Northe MP

MINISTER FOR INNOVATIONMINISTER FOR TOURISM AND MAJOR EVENTSMINISTER FOR EMPLOYMENT AND TRADE

The Hon. Louise Asher MP

MINISTER FOR MAJOR PROJECTSMINISTER FOR MANUFACTURING

The Hon. David Hodgett MP


01 OVERVIEW

PARLIAMENTARY SECRETARY FOR REGIONAL DEVELOPMENT

Peter Crisp MP

RED TAPE COMMISSIONER

John Lloyd

MAJOR PROJECTSDeputy SecretaryPeter Noble

Governance and Business Services

Major Projects Victoria

Portfolio Client Projects

State Development Project Delivery

REGIONAL DEVELOPMENT VICTORIAChief Executive/ Deputy SecretaryLachlan Bruce

Business Engagement

Economic Infrastructure

Regional Offices

> Aboriginal Affairs > Regional Delivery > Sport and Recreation > Planning > Regional Management

Forums > Regional Business

Engagement > Regional Development

Australia

Regional Policy and Planning

Regional Programs and Recovery

CORPORATE, PLANNING AND COMPLIANCE SERVICESDeputy SecretaryRob Barr

Crisis and Emergency Management

Earth Resources Regulation Victoria

Finance and Business Services

Human Resources

Information Management and Technology

Legal, Audit and Risk

Strategic Communication and Marketing

Strategic Planning and Ministerial Services

POLICYDeputy SecretarySam Rosevear

Cabinet and Legislative Services

Infrastructure Policy

International Policy

Mining Warden

Policy and Research

Regulation Policy

OFFICE OF STATE DEVELOPMENTDeputy SecretaryMatt Carrick

International Marketing and Business Events

Invest Assist

Invest Victoria

Regulation Review

State Development Projects

MINISTER FOR TECHNOLOGYMINISTER RESPONSIBLE FOR THE AVIATION INDUSTRY

The Hon. Gordon Rich-Phillips MLC

MINISTER FOR STATE DEVELOPMENT MINISTER FOR REGIONAL AND RURAL DEVELOPMENT

The Hon. Peter Ryan MP

MINISTER FOR REGIONAL CITIESThe Hon. Dr Denis Napthine MP


01 OVERVIEW

DEPARTMENT COMMITTEES

The Secretary is assisted by key committees, including the following:

Planning Committee

Chaired by the Secretary: assesses strategic plans of divisions and departmental entities on portfolio priorities, risks and financial performance (and financial viability of entities) to inform business planning, budget preparation and reporting.

Information Management and Technology Strategy Board

Chaired by the Deputy Secretary, Innovation, Small Business and Technology: provides strategies for information management initiatives and significant new business systems, and establishes the appropriate governance arrangements.

Information Management Governance Committee

Chaired by the Chief Operating Officer: ensures information management is in line with WoVG information management principles, monitors the implementation of the Managing Information Strategy, builds organisational capability in information management, and monitors and reports compliance with WoVG information-related standards.

Information Security Committee

Chaired by the Deputy Secretary, Corporate, Planning and Compliance Services: ensures information security practices, including policies, systems and employee awareness, are effective in maintaining the integrity of departmental information and are compliant with relevant legislation and standards.

Accredited Purchasing Unit

Chaired by the Deputy Secretary, Corporate, Planning and Compliance Services: oversees the department’s procurement and contracting process through delegated powers assigned by the Victorian Government Purchasing Board, excluding construction related projects and Tourism Victoria procurement which are separately governed.

The systems by which organisations are directed and controlled provide the foundations for sound decision-making and accountability.

The department’s governance framework:

> contains clearly defined structures and relationships

> has established processes for developing organisational strategy and direction

> ensures compliance and accountability

> maintains performance monitoring and review processes.

The Secretary, as head of the department, is accountable to the department’s Ministers for governance of the department. The Secretary chairs the Senior Management Meeting (SMM), the strategically focused leadership forum that comprises the Deputy Secretaries, the Director, Strategic Communication and Marketing, and the Executive Director Strategic Planning and Ministerial Services.

The SMM is responsible for:

> developing and monitoring the department’s strategic directions, consistent with government policy decisions

> setting and reviewing economic development policy and strategy

> setting the framework for critical processes to allocate resources across different divisions and activities

> prioritising work and allocating funding, within scope permitted by the budget process

> monitoring departmental performance in line with agreed key performance indicators

> establishing governance systems and processes

> communications and stakeholder management in relation to Ministers and external stakeholders

> developing and managing staff.

GOVERNANCE ARRANGEMENTS


01 OVERVIEW

Occupational Health and Safety Committee

Chaired by the Deputy Secretary, Corporate, Planning and Compliance Services: facilitates cooperation and consultation between the department and employees in instigating, developing and implementing initiatives designed to ensure the health and safety of employees and compliance with relevant occupational health and safety (OH&S) legislation.

People Committee

Chaired by the Chief Operating Officer: guides the development of departmental workforce and people strategies, shapes organisational culture and monitors the delivery of key initiatives and practices.

Environment Steering Committee

Chaired by the Deputy Secretary, Corporate, Planning and Compliance Services: endorses the department’s Environment Policy, environmental management system and Annual Environmental Management Program, and ensures compliance with relevant audit and reporting requirements.

Communications Management Committee

Chaired by the Director, Strategic Communication and Marketing: provides strategic oversight of key communications strategies and activities, ensuring they are best-practice and comply with WoVG and departmental communications requirements and standards.

Investment Committee

Chaired by an independent chair: ensures that the provision of grant funding to private sector recipients through the appropriation of public funds accords with government economic and/or business development policy objectives; reflects the department’s prevailing policies, standards and guidelines for the provision of grants; and is based upon prudent financial assessment and analysis as to the operational and financial viability of private sector recipients.

RISK AND AUDIT COMMITTEE MEMBERSHIP AND ROLESRisk and Audit Committee membership and roles:

> Michael Perry – Independent chair

> Fiona Bennett – Independent member (to March 2014)

> Peter Lewinski – Independent member

> Mark Darmody – Independent member.

The Risk and Audit Committee is an independent body established in accordance with the Financial Management Act 1994. It oversees and advises the Secretary on:

> the scope of work, performance and independence of internal audit

> the engagement and dismissal by management of any chief internal audit executive

> the scope of work, independence and performance of the external auditor

> the operation and implementation of the risk management framework

> matters of accountability and internal control affecting the operations of the department

> the effectiveness of management information systems and other systems of internal control

> the appropriateness of the accounting treatment and disclosure of significant and/or non-recurring transactions entered into by the department

> the sign-off of accounting policies

> the department’s process for monitoring compliance with laws and regulations and its own Code of Conduct, and Code of Financial Practice.


01 OVERVIEW

VICTORIA’S 2020 TOURISM STRATEGY

> The launch of this significant strategy provided details of plans to grow Victoria’s overnight tourism expenditure by 6.6 per cent annually.

INTERNATIONAL EDUCATION STRATEGY FOR VICTORIA 2013-2018 (IES)

> Released in October 2013, this strategy articulated the clear vision and detailed four action areas to support growth of Victoria’s largest export industry.

ESTABLISHMENT OF INNOVATION AND INVESTMENT FUNDS

> Funds with a value of $54 million were established to support Geelong and Melbourne North following Ford Australia and Alcoa Australia Ltd’s announcements to cease manufacturing in Australia. The $29.5 million Geelong Regional Innovation and Investment Fund (GRIIF) and the $24.5 million Melbourne North Innovation and Investment Fund (MNIIF) will support innovative projects that generate sustainable new jobs and enhance and diversify the two regions’ economies and employment bases.

LAUNCH OF THE DRIVING BUSINESS INNOVATION PROGRAM

> A new $16 million grants program was launched to provide small to medium businesses with access to grants to develop new products and services for government customers.

GLOBAL COMPANIES ATTRACTED TO MELBOURNE

> Melbourne continued to be a destination of choice for international companies, with Asurion, Grupo Aliberico, MUJI and H&M amongst significant companies announcing they would either establish offices or open their doors, creating hundreds of jobs in Victoria.

HIGHLIGHTS FOR 2013-14

STRENGTHENED BUSINESS ENGAGEMENT MODEL

> The department engaged 13,000 businesses through its enhanced business engagement model.

INVESTMENT FACILITATION AND JOB OUTCOMES

> DSDBI facilitated more than 200 investment projects worth more than $2.6 billion and projected to generate more than 6,300 jobs.

INAUGURAL VICTORIAN INTERNATIONAL EDUCATION AWARDS (VIEA)

> The department presented the inaugural VIEA which recognise outstanding achievement and excellence in international education in Victoria.

LAUNCH OF THE GLOBAL HEALTH MELBOURNE PLAN

> Launched in April 2014, the Global Health Melbourne Plan was developed to help showcase Victoria’s health goods and services in some of the world’s fastest-growing markets.

2014 REGIONAL VICTORIA LIVING EXPO

> In its third year, the Expo saw increased visitor numbers from previous years. The event continues to drive population and investment growth in regional and rural Victoria by showcasing to Melbournians all 48 regional and rural councils.

ESTABLISHMENT OF THE OFFICE OF STATE DEVELOPMENT

> OSD was established to drive Victorian growth and investment, and identify and capture significant investment opportunities for Victoria from both within Australia and internationally.

VICTORIA’S REGIONAL TOURISM STRATEGY 2013-16

> Released in December 2013, the department continued to progress work on the short and medium term actions laid out in the strategy across the five overarching policy areas.


01 OVERVIEW

FIRST SUPPORT SMALL BUSINESS DAY

> Support Small Business Day was held in October 2013 to encourage Victorians to explore and spend locally at more than half a million of Victoria’s local small businesses.

LAUNCH OF THE ESERVICES REGISTER

> A new ICT procurement portal was launched to provide a simplified process for Victorian ICT companies bidding for government work. More than 1,000 requests for quote were posted in its first year of operation.

ADVANCED LIGNITE DEMONSTRATION PROGRAM (ALDP)

> The department continued work on the program, which ultimately aims to produce high-value energy products for local and export markets.

ESTABLISHMENT OF MINERALS DEVELOPMENT VICTORIA

> MDV was established to assist investors to get new exploration, mining and quarrying projects through the multi-agency approvals process.

ADVANCED METERING INFRASTRUCTURE (AMI) PROGRAM

> The rollout of 2.6 million smart meters to Victorian households and small businesses through the AMI Program neared completion, ensuring the remotely read meters are now the standard electricity meter in Victoria.

POWERLINE BUSHFIRE SAFETY PROGRAM

> The department continued to deliver on Recommendations 27 and 32 of the Victorian Bushfire Royal Commission, including replacing approximately 45 kilometres of powerlines and installing 30 diesel back-up generators in regional and rural residential care facilities.

DELIVERY OF SIGNIFICANT MAJOR VICTORIAN INFRASTRUCTURE PROJECTS

> The department continued to play a prominent role in Victorian infrastructure development. Stage two of the $338 million Melbourne Park Redevelopment was announced, substantial progress was achieved on the $45 million Shrine: Galleries of Remembrance Project, and the $109 million VEMTC was opened. A design competition was held to redevelop Flinders Street railway station and surrounds, and significant progress was made on the relocation of Melbourne’s wholesale fruit and vegetable markets to Epping.

MELBOURNE RAIL CORRIDOR PROJECTS

> The department continued progressing business cases for Melbourne’s Richmond to Footscray rail corridor, focussing on four projects – E-Gate, Federation Square East, Richmond Station and Flinders Street Station.

TRADE MISSIONS SUPPORT ENGAGEMENT WITH INTERNATIONAL MARKETS

> The department hosted 900 Victorian organisations on 16 outbound trade missions, including STMs to China, the Middle East and Turkey, India and South-East Asia. These trade missions are projected to reap more than $914 million in export sales in the next 24 months.

REGIONAL GROWTH FUND

> In its third year, the RGF is an initiative providing $1 billion over eight years to regional and rural Victoria to help create more jobs and improved career opportunities. In 2013-14 the RGF continued to support a range of strategic and community led initiatives across regional and rural Victoria.

LATROBE VALLEY INDUSTRY AND EMPLOYMENT ROADMAP (LVIER)

> A total of 438 new jobs have now been created and 28 projects supported since the inception of LVIER in 2012 as a long-term plan for future industry and employment growth in the Latrobe Valley.


02 SIGNIFICANT ACHIEVEMENTS AND OTHER HIGHLIGHTS AGAINST STRATEGIC OBJECTIVES


02 SIGNIFICANT ACHIEVEMENTS

AND OTHER HIGHLIGHTS AGAINST STRATEGIC OBJECTIVES

INAUGURAL VICTORIAN INTERNATIONAL EDUCATION AWARDS

International education is Victoria’s largest export industry. The VIEAs showcase the innovative work of Victorian international education providers in delivering world-class education, and reward exceptional students with individual scholarships of $10,000. This year, three international students won scholarships and nine local educational institutions were acknowledged for their excellence. In 2013 RMIT University received the Premier’s Award - International Education Provider of the Year.

LAUNCH OF EMPLOYMENT START UP FOR BUSINESS GRANT PROGRAM

Launched in July 2013 by the Hon. Louise Asher MP, this $7.5 million program aims to assist up to 1,750 unemployed young Victorians aged 15–25 obtain work. Small and medium enterprises (SMEs) that employ a young Victorian receive a $4,000 grant towards accredited training tailored to a specific workplace and job description. The grant is paid in two instalments; $1,000 upon hiring into a role for at least 30 hours a week and $3,000 after 16 weeks’ employment and the start of accredited training.

EXPANDING THE HAMER SCHOLARSHIPS

The Hamer Scholarships were established in 2012 to improve the Victorian workforce’s Chinese language and cultural skills, and this year they were expanded to include Indonesia, Japan and Korea. Improving language skills and understanding of these unique and diverse cultures will help Victoria’s local industries and businesses to better engage with these dynamic markets. During the year 46 scholarships were awarded to Victorian professionals and students to undertake intensive language studies at selected universities and institutions.

ASSIST BUSINESSES IN ACCESSING SKILLED WORKERS TO ALIGN WITH VICTORIA’S INDUSTRY NEEDS

SIGNIFICANT ACHIEVEMENTS

BUSINESS ENGAGEMENT MODEL

The Business Engagement Model continued to help the department build close working relationships with businesses and capture important information, enabling the development of programs and policies to help businesses realise their full potential. Business Development Managers engaged with 13,000 businesses this past year and managed their needs through a network of local and international VGBOs and regional offices. This figure exceeded the target of 12,000 and consisted of 10,100 unique meetings and an additional 2,900 engagements through investment and trade opportunities, small business programs and export skills programs.

Highlights this year included:

> Ford Jobs Fair

> Virgin Australia Melbourne Fashion Festival

> Melbourne Celebrates Mining dinner

> Food innovation workshops with La Trobe University, RMIT University and other universities

> Christchurch Recovery Event.

INVESTMENT FACILITATION AND JOB OUTCOMES

In 2013-14 the department facilitated more than 200 investment projects worth more than $2.6 billion of capital investment which are projected to generate more than 6,300 full time equivalent jobs.

These results were achieved through the department’s strengthened Business Engagement Model. The investments were facilitated across offices in metropolitan Victoria, regional Victoria and the department’s international network.


02 SIGNIFICANT ACHIEVEMENTS AND OTHER HIGHLIGHTSAGAINST STRATEGIC OBJECTIVES

OTHER ACHIEVEMENTS

The Business in Transition Support (BiTS) Program is a $3 million initiative over four years to reduce the impact of retrenchments, particularly in manufacturing and in regional communities. To date BiTS has assisted 94 businesses and distributed more than 3,300 information packs to retrenched workers.

The Export Skills Program offers 16 workshops across four topics, free to any business across metropolitan Melbourne and regional Victoria. A total of 210 businesses accessed the service this year.

The Victorian Government committed $400,000 over four years to the Overseas Skills Registry which was launched this year. The Registry aims to encourage connections between Victorian employers and professional migrants with overseas qualifications living in Victoria.

This year Victoria nominated 1,487 skilled migrants for visas including 105 international PhD graduates who had studied in Victoria. The top industries for nominations were ICT, nursing, biotechnology and science.

Through the state nomination process Victoria nominated 1,123 new business migrants for visas.

The Employment Start Up for Indigenous Job Seekers Program provides placement services and support for indigenous jobseekers, and jobs-linked training and support for businesses seeking to employ Aboriginal people. This year $3.9 million was committed to find jobs for at least 380 indigenous people by June 2014. The department ended the year with 337 individuals completing 16 weeks of employment and 34 well on their way towards it.

In June 2014, the $3 million ICT Workforce Development Plan was launched to help ensure that Victoria’s ICT workforce can drive future innovation and economic growth.




PROMOTE VICTORIA TO ATTRACT TOURISTS, INVESTORS AND STUDENTS


LAUNCH OF THE GLOBAL HEALTH MELBOURNE PLAN

The Government allocated $17.8 million over three years to deliver the Global Health Melbourne Plan – taking Victoria’s health strengths to the world. Health is a global growth market, driven by ageing populations and a growing middle class, especially in China and India. The plan will leverage Victoria’s world-renowned capabilities in health and aged care to capture this growth and create jobs and new trade opportunities, while also ensuring the highest quality health systems in Victoria.

2014 REGIONAL VICTORIA LIVING EXPO

The Regional Victoria Living Expo is a key initiative in the Government’s strategy to drive population and investment growth in regional and rural Victoria. 2014 was the Expo’s third year and brought all of Victoria’s 48 regional and rural councils together. Attracting more than 9,600 visitors, Melbournians were given the chance to better understand the opportunities regional and rural Victoria has to offer, and everything they needed to know to relocate there.

ESTABLISHMENT OF THE OFFICE OF STATE DEVELOPMENT

OSD was established on 1 July 2013 to focus on promoting Victoria as a place to invest and coordinate investment activities across the department.

A large of number of international investors and companies were actively assisted during the year leading to the attraction of 37 new international investors to Victoria. This resulted in approximately $400 million in capital investment and the creation of more than 1,400 new jobs.

SIGNIFICANT INVESTOR DIRECTORY AND DESKS IN SHANGHAI AND LONDON

Business migrants able to invest at least $5 million into complying investments can apply for the Significant Investor Visa and seek state or territory nomination. Launched in March 2013, the Significant Investor Services Directory provides an online listing of Victorian businesses offering significant investors relevant financial and legal advice.

A Significant Investor Desk was set up in the Shanghai VGBO to attract and service high net worth individuals who are interested in investing in Victoria. More than 150 events have been organised across China to promote Victoria as the preferred destination for private investment. More than 5,500 potential migrants and intermediaries sought information at these events.

The UK/Europe Significant Investor Desk in London has been in operation for about six months and has focused on establishing contacts and hosting a small number of events.

In 2013-14, Significant Investment Desks were also established in South-East Asia (Kuala Lumpur, Malaysia), and in India (Bangalore).

VICTORIA’S REGIONAL TOURISM STRATEGY 2013-16

Released in December 2013, Victoria’s Regional Tourism Strategy 2013-16 provides the platform for regional areas to benefit from the growth of Victorian tourism. Its five key priority areas are marketing, digital excellence, major events and business events, investment attraction and infrastructure support, and industry development.



VICTORIA’S 2020 TOURISM STRATEGY

In mid-2013 Tourism Victoria launched Victoria’s 2020 Tourism Strategy to ensure Victoria realises its full potential as a tourism destination of choice for international travellers, particularly those from fast-growing Asian economies and across Australia. The strategy outlines the Government’s plan to grow overnight tourism expenditure within the state to $24.7 billion by 2020. This represents an annual growth of 6.6 per cent, in line with the long-term national tourism strategy. Tourism Victoria will implement the strategy in partnership with regional tourism boards, local government, industry and other stakeholders.

MELBOURNE REMOTE CONTROL TOURIST (RCT)

In October 2013, Melbourne launched the world’s first RCT, a continuation of Tourism Victoria’s successful Play Melbourne campaign. Using social media, camera technology and state-of-the-art interactivity, four RCTs live-streamed their adventures around Melbourne from 9-13 October 2013. The final statistics showed there were more than 233,000 unique visitors to the website, from 175 countries and 5,800 cities, who averaged more than six minutes each on the site. The campaign also attracted 1.59 million views on YouTube, digital advertising on online video websites, and 12,000 social media mentions, resulting in more than 60 million social media impressions.

CONNECT 2014

The Victorian Government sponsored Connect 2014, a two-day ICT and emerging technology exhibition featuring conferences, educational seminars, live demonstrations and technology zones. Senior-level executives learned about opportunities presented by evolving communication networks, devices and applications, whilst technology suppliers enjoyed direct access to decision makers, and the public saw the next generation of devices and products. Connect 2014 is an exciting, new ICT event in Victoria and is expected to grow significantly over the coming years.

VIRGIN AUSTRALIA MELBOURNE FASHION FESTIVAL

The Virgin Australia Melbourne Fashion Festival is one of the highlights of Melbourne’s major event calendar, stimulating retail and tourism while showcasing established and emerging local designers. This year’s Festival attracted more than 377,500 attendees, reached a global audience in excess of 650,000 via the Festival’s online activities, and achieved more than $90 million in publicity value. The Festival has a strong impact on the Australian fashion and retail sectors in terms of visitation, job creation, skills and business development. Spending prior to or as a result of attending a Festival fashion event was up 50.9 per cent in 2014 compared to 2013. Fashion events were also held in Bendigo, Ballarat, Castlemaine, Mildura and Rutherglen in 2014.

MELBOURNE SPRING FASHION WEEK 2013

The 2013 Melbourne Spring Fashion Week was a highly successful showcase of new Australian spring and summer fashion, and through its industry program, inspired best practice, innovation and business growth as well as promotion of Victoria’s creative business talent. The 2013 program launched Spring/Summer 2014-15 ready-to-wear collections across 213 events, and was attended by 45,000 people who collectively contributed $3.5 million to Melbourne’s economy via in-store purchases and hospitality expenditure.

INTERNATIONAL EDUCATION STRATEGY FOR VICTORIA 2013-2018

During the past year international education added $4.4 billion to the economy and generated more than 30,000 full-time jobs. Following their education in Victoria, many students return home to senior government and business roles and maintain strong and lasting links to Victoria. The IES was released by the Premier of Victoria the Hon. Dr Denis Napthine MP in October 2013 and seeks to position Victoria as the leading provider of education in the Asia Pacific region. The IES includes 19 initiatives across four strategic action areas: market development, quality education, student experience, and marketing and branding. The IES is supported by $17.5 million funding over four years.




OTHER ACHIEVEMENTS

The third Indian Film Festival Melbourne reinforced the strong bonds between the Victorian and Indian film industry, featuring more than 40 films in 20 languages.

In March 2014, the Latin America Education Symposium brought together senior representatives from government, funding agencies, research institutes, universities and vocational training institutions from across Latin America and Victoria. Delegates discussed areas of common interest in research, education and industry-based training, and explored opportunities for partnerships and collaborations. Latin America is identified as a strategic market for further international education collaboration.

Five $90,000 Victorian International Research Scholarships were made available for PhD candidates commencing at Victorian universities in 2015.

The $90,000 Victoria India Doctoral Scholarships support talented Indian scholars to complete leading research that could benefit communities in both India and Victoria. The three 2014 recipients were announced at a Victorian Connection alumni networking event in Mumbai.

Melbourne hosted the National iAwards in August 2013, Australia’s premier awards program for recognising companies at the cutting-edge of technology innovation, and the nation’s leading ICT professionals. Victorian iAward winners were supported to attend the Asia Pacific ICT Awards ceremony held in Hong Kong in November 2013.

In an $8 million collaboration, world-leading software company Microsoft partnered with the University of Melbourne and the Victorian Government to establish a major research centre dedicated to new social interactive technologies.

Global company Exelis has established a state-of-the-art research and development (R&D), testing and systems integration facility in Melbourne that will support both local and export opportunities and create more than 60 new jobs.

PUBLIC TRANSPORT DISCOUNTS FOR INTERNATIONAL STUDENTS

Victoria is set to become an even more appealing destination for overseas students with a new scheme offering a 50 per cent discount on annual public transport tickets for eligible students. The scheme will be trialled for three years from 2015 in partnership with participating education providers.

MELBOURNE CELEBRATES MINING DINNER

The Victorian Government hosted the Melbourne Celebrates Mining dinner during the Mines and Money Conference in October 2013, and announced the International Mining and Resources Conference to be held in September 2014.

The event attracted more than 550 attendees from the mining and mining services sector including key decision makers from multinational agencies.

MELBOURNE FOOD AND WINE FESTIVAL

Launched at a pop-up kitchen, bar and rain garden anchored to the Yarra, the 2014 Melbourne Food and Wine Festival theme celebrated water. Around 250,000 people attended more than 200 events at a range of venues all around the state, including more than 70 events in regional Victoria. The Government will continue its successful partnership with the Festival. On 27 February 2014 the Government announced support for the 2014, 2015 and 2016 events.

MELBOURNE RETAIL AND HOSPITALITY STRATEGY 2013-17

Retail and hospitality contribute $8.7 billion or 10 per cent to the City of Melbourne’s economy each year. As part of a new four-year strategy, the City of Melbourne and the Victorian Government will work with businesses to encourage collaboration and innovation, find new ways of attracting people to the city, and maintain a diverse, authentic offering.



THE MANUFACTURING HALL OF FAME

The Manufacturing Hall of Fame recognises the innovation, productivity and contribution made by manufacturers to the Victorian economy. Coordinated by the department, the theme of the 2014 Awards was Transformative Manufacturing Technologies, which highlighted technologies that increase productivity and site capacity while significantly reducing process time and energy use. The Manufacturer of the Year Awards went to SRX Global (Australia) (large business), Future Fibre Technologies (medium business) and Thermofilm Australia (small business). Tom Hartley of Hilton Manufacturing and Ralph Wilson Snr of Willow Ware Australia were recognised on the Honour Roll, and Matthew Arblaster of Bayer Material Science received the Young Manufacturer of the Year award.

ESTABLISHMENT OF THE OFFICE OF THE LEAD SCIENTIST (OLS)

Established in July 2013, the OLS supports activities that increase community awareness and engagement in science. Its broad range of activities include building multi-disciplinary links across different science and non-science based sectors, improving knowledge around collaboration and commercialisation models for science delivery, and sharing information on science achievements across industries, sectors and geographies.

THE PREMIER’S AWARD FOR HEALTH AND MEDICAL RESEARCH

Now in its 20th year, this award, coordinated by the department, recognises the early-career excellence of postgraduate researchers and celebrates their contribution to Victoria’s capability and leadership. The 2014 winner was Dr Jaclyn Pearson for her research work on complex immune system responses at the Peter Doherty Institute for Infection and Immunity. Commendees this year were Dr Peng Lei for his work with Alzheimer’s at the Florey Institute of Neuroscience and Mental Health, Dr Brett Manley for his work with premature babies at the University of Melbourne, and Dr David Riglar for his work on malaria at the Walter and Eliza Hall Institute of Medical Research.

SUPPORT ORGANISATIONS TO BOOST THEIR PRODUCTIVITY THROUGH INNOVATION


GEELONG REGIONAL INNOVATION AND INVESTMENT FUND

The Victorian Government, in partnership with the Federal Government and Ford Australia, established GRIIF following Ford’s announcement that it would cease vehicle and engine manufacturing in Australia from October 2016. Alcoa Australia Ltd also agreed to contribute towards GRIIF in response to its announcement of the closure of its Point Henry aluminium smelter and two rolling mills in Australia by the end of 2014. The $29.5 million fund supports innovative projects for generating sustainable new jobs that enhance and diversify Geelong’s regional economy and employment base. The first successful grant of $5 million was awarded in March 2014 to Carbon Revolution, a firm making ‘one piece’ carbon fibre wheels. By building a larger Geelong facility the company is expected to create 108 new full-time jobs. To date, five projects have been awarded $8.4 million of grant funding towards new investments of over $44 million, creating more than 290 new jobs.

INNOVATION VOUCHER PROGRAM (IVP)

The IVP helps SMEs to start R&D and/or undertake innovation skills training to improve productivity and competitiveness. This year there were 88 Business R&D Vouchers of up to $25,000 each and 66 Innovation Skills Vouchers awarded, contributing to a total of more than 250 vouchers awarded since the program’s inception in September 2012. Voucher recipients included Albion Sports, makers of jockey and equestrian helmets; Deflecta, who will trial the effectiveness of its anti-microbial liquid; GippsAero, an aircraft maintenance and manufacturing business; and Monash University.

MELBOURNE NORTH INNOVATION AND INVESTMENT FUND

The Victorian Government, in partnership with the Federal Government and Ford Australia, established MNIIF following Ford’s announcement that it would close its Australian manufacturing operations. MNIIF is a $24.5 million competitive, merit-based grants program supporting new investment to create new or additional business capacity that results in sustainable jobs. To date, 15 projects have been awarded $17.7 million of grant funding towards new investments of over $87 million, creating more than 614 new jobs.




MANUFACTURING PRODUCTIVITY NETWORKS (MPN) GRANTS

This program encourages SMEs to co-operate in strategic areas of business and exploit opportunities beyond the reach of each individual business. Over the year the program awarded grants with a total value of $1.7 million to 18 networks that will assist the productivity and competitiveness of 316 businesses.

VICTORIA PRIZE, VICTORIA FELLOWSHIPS AND POST-DOCTORAL RESEARCH FELLOWSHIPS

The Government provided a further $1.8 million to fund international research experiences for Victoria’s early-career researchers through Victorian Post-doctoral Research Fellowships, and will double the number of Victoria Prizes and Victoria Fellowships for another three years.

The winners of the 2013 Victoria Prize for Science and Innovation were Professor Lloyd Hollenberg for his ground-breaking work at the convergence of quantum mechanics and biology, and Professor Alan Cowman for his work over the past two decades to significantly increase understanding of the cause and treatment of malaria. A total of 12 Victoria Fellowships valued at $18,000 each were announced this year, and will enable early-career researchers in science, engineering and technology to undertake international study missions. Meanwhile, Victorian Post-Doctoral Research Fellowships are assisting six talented Victorian early-career researchers with a two-year overseas post-doctoral position in a leading research institute or university.

REFRESHED VICTORIAN GOVERNMENT ICT STRATEGY

The Victorian Government ICT Strategy was updated in 2014 and continues to provide high-level direction on the design and use of information and technology to deliver better government services while focussing on mobility and cloud-based solutions. The updated strategy aims to improve digital channels for citizens and business, develop a WoVG ICT service roadmap, standardise systems and processes to improve productivity, and strengthen government capability to innovate and manage risk.

TECHNOLOGY VOUCHER PROGRAM (TVP)

The TVP helps companies to adopt and develop new technologies with a voucher that is exchanged for access to facilities, goods, services, advice or expertise from Victorian companies or publicly-funded research organisations. This year more than 86 companies were awarded vouchers worth around $5 million.

LAUNCH OF THE DRIVING BUSINESS INNOVATION PROGRAM

This program links Victorian businesses with opportunities to develop innovative products and services for the Victorian public sector. In February 2014, the department issued 11 Technology Challenges to the health, water, waste management and agriculture business sectors. Successful SMEs were granted up to $75,000 each to undertake three-month feasibility studies for projects commencing in July 2014.

LAUNCH OF THE TECHNOLOGY INNOVATION FUND

Launched in December 2013, the $12 million Victorian Government Technology Innovation Fund forms part of a broader strategic approach that is looking at how technology can transform government service delivery, improve citizen engagement and increase productivity. In 2013-14, the fund received more than 50 applications from Victorian Government departments, agencies and statutory bodies as well as local government councils, industry associations, businesses, not-for-profits and community organisations. The first suite of projects will commence later in 2014.

INVESTING IN MANUFACTURING TECHNOLOGY (IMT) GRANTS

IMT promotes the growth, productivity and international competitiveness of manufacturing businesses by stimulating investment in new technologies. It is a major initiative under the Victorian Government’s A More Competitive Manufacturing Industry Strategy. In 2013-14, 37 companies were granted a total of $6.7 million to invest in new technology and equipment. These projects supported $34.3 million of investment and are anticipated to deliver 227 new jobs and transition 292 employees in to higher value roles.



OTHER ACHIEVEMENTS

Melbourne continued to attract significant international conferences. Health and medical conferences in particular have brought more than $515 million to Melbourne since 2010. In 2013-14 Victoria hosted the World Federation of Haemophilia, the World Congress of Cardiology and the World Pharmaceutical Congress. The world’s premier games festival, Penny Arcade Expo (PAX), was held in Melbourne in July 2013. This was the first time the event had ever been held outside the USA and provided an opportunity to showcase the breadth and diversity of Victoria’s games development community. PAX was very successful with tickets sold out before the event began. PAX Australia 2014 has been confirmed and will be held at a larger venue, the Melbourne Conference and Exhibition Centre, in order to increase its capacity.

A large Victorian delegation went to San Diego for BIO 2014 to represent the state’s 170 biotechnology and pharma companies, 12 major medical research institutes and 10 internationally-recognised teaching hospitals.

The Building Global Bridges Program offered $75,000 to $400,000 for Victorian companies to develop partnerships with companies in Massachusetts, USA, and deliver life sciences R&D, manufacturing and commercialisation projects.

In September 2013 the department assumed responsibility for overseeing CenITex, the Victorian Government’s ICT shared services agency. This transfer better aligns governance and accountability for CenITex with the technology portfolio responsibilities for WoVG ICT and the Victorian Government ICT Strategy.

A key initiative of Victoria’s Technology Plan for the Future – Biotechnology, the Health Market Validation Program is a $15 million competitive grants program that encourages healthcare innovation. Four validation projects now underway are due to be completed by mid-2016.

$120 MILLION SAVED ON ICT CONTRACTS

The renegotiation of the Victorian Government’s ICT contracts this year saved $94 million to April 2014, and an anticipated $120 million to July 2014. Examples of how these savings were achieved include:

> launching the new eServices Register, an electronic marketplace in which suppliers and government buyers can transact

> renegotiating the Telecommunications Purchasing and Management Strategy arrangements for mobiles, voice, data and telephony, saving $9 million

> a new Enterprise Agreement with Microsoft that will save $8 million over three years

> a $500,000 saving from the renewed Server Virtualisation Enterprise Licence Agreement with VMware.

INDUSTRIES FOR TODAY AND TOMORROW (ITT) PROGRAM

Encouraging regional investment is a key government priority and the ITT Program targets regionally-based businesses, or businesses considering a regional location, that make a significant economic and employment contribution at local regional and/or state level. In 2013-14, the program secured over $170 million of capital investment which will generate more than 360 jobs in regional cities. This year’s investments included $12 million by Flavourwave to establish a new state-of-the-art hydroponic tomato growing operation in Katunga creating 90 direct jobs.

GROW YOUR BUSINESS

Grow Your Business is a business planning program that helps small businesses develop and implement strategies to become internationally competitive. The program offers businesses grants of up to $19,000 to engage an independent specialist to prepare a business plan with all grants requiring a proportion of matched funding.




Research for the Aviation Industry Grants Program provides $500,000 in grants over two years to stimulate leading-edge and commercial-facing research in aviation. Grants of up to $30,000 are available on a competitive basis to tackle issues facing the aviation industry.

The design sector in Victoria generates $7.3 billion annually for the state’s economy, including more than $200 million in design-related exports. The annual Premier’s Design Awards recognise and celebrate excellence across Victoria’s design sector. The 2013 winner, Melbourne-based agency Local Peoples, was announced in October 2013.

In 2013-14 $40 million was committed to the Regional Connectivity Program to address gaps in mobile phone coverage in fire and flood prone areas. Travellers on V/Line’s VLocity carriages between Melbourne and Ballarat, Bendigo, Geelong, Seymour and Traralgon will also enjoy free public Wi-Fi.

Science awareness programs this year included Inspiring Australia, which connected Victorian businesses, promoted industry development, productivity and innovation, raised community awareness of science and fostered industry and research links. The Australian Science Media Centre, an independent, not-for-profit service now gives Australian journalists direct access to evidence-based science and expertise through the program.

In October 2013 the Northern Metropolitan VGBO held roundtables with food companies to identify opportunities for growth including export market development and key barriers to investment. The outcomes have informed collaborative initiatives between the VGBO and Regional Development Australia, Melbourne’s North Food Supply Processing and Manufacturing Plan, and La Trobe University and collaborators’ Food North Initiative, which is focused on identifying strategies to link R&D to the food and beverage sector.

The High Performance Consortium (HPC) comprises non-competing manufacturers that collaborate on continuous improvement, lean principles, world-class manufacturing and other improvement and efficiency practices. In March 2013 the Western Metropolitan VGBO linked the consortium with local manufacturers and provided HPC with a forum to discuss the benefits of participating in the consortium’s activities. During a business breakfast arranged by the VGBO and attended by 18 manufacturing businesses from Melbourne’s west, Innotherm Chief Executive Officer (CEO) Derek Lipka spoke of how HPC had accelerated and improved business in his engineering firm.

The VicConnect Project will create a private government cloud and an open market for government cloud services. It forms part of the VicConnect Program, which aims to reduce the cost of telecommunications services and give government departments access to new, inexpensive and powerful technologies. The 2014-15 State Budget provided $9.5 million over four years to implement this initiative to transform how the Government purchases and manages telecommunications and other ICT services.




GLOBAL COMPANIES ESTABLISH IN MELBOURNE

Significant international companies announced their move to Melbourne over the past year. Global technology insurer Asurion will create 300 new jobs by setting up two new technical support centres. Spanish manufacturer Grupo Aliberico is establishing an aluminium composite panelling manufacturing plant in Campbellfield and creating 24 jobs. Japanese retail giant MUJI opened its first two Melbourne stores, providing 40 new jobs, and has one more store planned. Retail giant H&M opened its first Australian store in Melbourne, creating 200 jobs and reinforcing the city’s status as Australia’s fashion capital.

SIGNIFICANT MAJOR VICTORIAN INFRASTRUCTURE PROJECTS

The National Tennis Centre (NTC)

The NTC forms part of stage one of the $700+ million Melbourne Park Redevelopment and provides Australian tennis with its first dedicated, state-of-the-art training facility for elite and emerging players.

Features of the building include:

> brilliant natural lighting without glare and a view out onto the AAMI Park stadium

> an ingenious design that overcomes the challenge of vibrations being transmitted from one court to another through a series of high tension cables embedded in the building’s slab that minimise vibration and allow all eight indoor courts to be used at once

> a highly energy efficient and environmentally friendly convection cooling system

> a range of other environmental features that have led to NTC being awarded an internationally-recognised ‘Leadership in Energy and Environmental Design’ Gold rating for ecologically sustainable development, the first of its kind to do so in Australia.

Since it opened the NTC has received a number of endorsements from elite Australian and overseas players.

Melbourne Park redevelopment – stage two

In 2013-14 the Victorian Government announced that Rod Laver Arena will be upgraded, and access to Melbourne Park vastly improved, under the second stage of Melbourne Park’s $338 million redevelopment. The major works will include:

> a new footbridge over Batman Avenue, connecting Melbourne Park with Birrarung Marr and Flinders Street Station

> significant upgrades to amenity, food service, patron comfort and accessibility at Rod Laver Arena

> a new administration and media building for Tennis Australia, Melbourne and the Olympic Parks Trust

> temporary media and broadcast facilities for the Australian Open.

Flinders Street Station design competition

In 2013 the Victorian Government held a competition to seek the best ideas from across the globe to re-energise Victoria’s iconic Flinders Street railway station and its surrounds, while maintaining its beloved heritage features. In August 2013 HASSELL + Herzog & De Meuron was announced as the competition winner. The People’s Choice Award winner was the design of Eduardo Velasquez, Manuel Pineda and Santiago Medina, Colombian students from the University of Melbourne.

Shrine: Galleries of Remembrance

To honour Australian servicemen and women in all wars and peacekeeping operations, the Victorian Government committed $45 million towards the Galleries of Remembrance Project at the Shrine of Remembrance. The project has redeveloped the Shrine’s undercroft space into a permanent exhibition space, created a new southern extension offering enhanced educational facilities and upgraded the existing visitor centre. The project will be delivered within budget and ahead of schedule, in time for Remembrance Day in 2014.

PROVIDE MARKET INTELLIGENCE AND ASSISTANCE TO ORGANISATIONS TO MAKE IT EASY TO INVEST IN VICTORIA




Expected environmental outcomes of the market redevelopment include:

> more than 68,000,000 litres of drinking water saved each year

> improved water quality in urban run-off

> increased public awareness of stormwater management

> improved security of water supply without increasing greenhouse emissions

> improved access to non-potable water at the markets for the thousands of traders who will use the site daily.

MELBOURNE RAIL CORRIDOR PROJECTS

The department is progressing business cases for developing Melbourne’s Richmond to Footscray rail corridor.

The four projects that have the potential to revitalise the rail corridor are:

> E-Gate – revitalising one of the city’s last remaining industrial spaces for proposed mixed-use redevelopment

> Federation Square East – creating a new commercial, residential and civic precinct connecting the Central Business District (CBD) to the Yarra River and nearby sporting precincts

> Richmond Station – improving passenger interchange capacity and pedestrian access to the station and to Melbourne’s sport and entertainment precinct

> Flinders Street Station – improving the station, preparing for growth and developing its western end.

SIGNIFICANT INVESTOR BRIEFINGS

The Significant Investment Desks in China and the UK ran a number of Significant Investor Visa Investment and Migration seminars and meetings to provide information and support to potential clients and nominated Significant Investors. Information was provided on trade and investment opportunities in Victoria, and Victorian Government visa nomination and compliant investment requirements.

Victorian Emergency Management Training Centre

The opening in late June 2014 of the 10 hectare, $109 million world-class VEMTC in Craigieburn provides the emergency services sector with access to real-life fire-fighting training scenarios including road, rail, tunnel and marine fires, as well as urban search and rescue. The Centre supports a vital move towards inter-agency training and an all-hazards approach to emergency management to ensure the ongoing protection of all Victorians.

Environmental initiatives at the Centre include:

> a state-of-the-art water recycling system to capture and filter onsite stormwater and fire hose water for reuse in training exercises and a grey water system

> use of clean-burning propane gas to fuel all but one of the training fires

> capture of emissions from carbon and wood burning fires in an enclosed container to prevent pollution

> protection of Merri Creek’s environmentally sensitive flora and fauna.

Melbourne Market relocation

Significant progress was made during 2013-14 in the relocation of Melbourne’s wholesale fruit and vegetable market to Epping in Melbourne’s north. The trading floor was completed and Hansen Yuncken was appointed to build the warehouses.

The market is an important part of the state’s economic infrastructure, with an annual turnover in excess of $2 billion.

The new market will feature a storm water harvesting system with two components that will benefit the entire market precinct. Supported by the department and the City of Whittlesea, the first component will collect rainwater from the roof, clean it with a first flush and store it in underground tanks for use in toilet flushing, cleaning and irrigation, with surplus flowing into wetlands. The second component will involve the council using the wetlands water to irrigate nearby sports ovals and parks. The water will be cleaned naturally by the wetlands and then directed to the nearest council treatment and storage area.



INVESTMENT ATTRACTION WORKSHOPS

The department regularly undertakes investment attraction activities designed to stimulate investment in Victoria. This year several local councils in the western metropolitan area sought assistance from the department to implement strategies that could stimulate investment in their local areas. The Western Metropolitan VGBO provided input into investment attraction planning workshops held by Moonee Valley and Melton City councils. It also hosted sessions with the department’s Invest Assist Team and organised an investment attraction session with Brimbank City Council representatives.

MNIIF BRIEFINGS TO COMPANIES

In response to Ford’s announcement that it would cease local manufacturing in 2016, Melbourne’s North Ford Response Joint Taskforce was established to bring together stakeholders in the north of Melbourne (including local governments). The Taskforce was the natural vehicle for briefing local government and other stakeholders on the newly-announced $24.5 million MNIIF. The cities of Moreland, Hume, Darebin and Whittlesea hosted industry briefings on MNIIF with the aim of maximising the number and quality of applications from businesses in the region, and investment and employment outcomes of the program. More than 240 business representatives attended five MNIIF information sessions.

STATE DEVELOPMENT ROUNDTABLES

In 2013-14, the department conducted two State Development Roundtables. The first event focussing on food and agribusiness gave industry leaders the opportunity to discuss investment and implementation of the Food to Asia Action Plan launched in March 2014. The second event targeting the transport, distribution and logistics industries involved key executives and discussed a range of topics including new investments into Melbourne Airport, a second container port for Melbourne and the latest on Melbourne’s third international container terminal at Webb Dock.

OTHER ACHIEVEMENTS

The Investment Support Program (ISP) provides financial support to attract investment to Victoria. ISP projects in 2013-14 included:

> GrainCorp Limited - a $105 million rationalisation, consolidation and expansion of the company’s edible oils and fats businesses in Victoria, creating 44 new jobs

> EnergyAustralia - a strategic government co-investment with EnergyAustralia to establish a new national contact centre in Geelong, creating 300 new full-time jobs and securing 500 existing jobs.

A sum of $25.2 million was allocated in the 2014-15 State Budget to kick-start stage one of the Ballarat West Employment Zone (BWEZ). This followed an initial investment of $835,000 from the $1 billion RGF to develop the $1.67 million BWEZ Implementation Report.




> an agreement for Altona-based Qenos to export its world-class safety, health and environmental expertise to China

> Warrnambool Cheese and Butter securing a $10 million export deal to supply lactoferrin to China for infant formula and other dairy nutraceuticals products

> Melbourne Health signing Memorandums of Understanding (MOU) with two of China’s leading hospitals, bringing Victorian expertise in public health services to China

> the opening of the Monash University/ South-East University Joint Graduate School at Suzhou Industrial Park

> a partnership between Victoria’s Royal District Nursing Service and China’s Zhongshan College to develop aged care services in China.

Tourism highlights included the launch of the Victorian Government’s first official Chinese language visitor guide iPhone app, the Melbourne Travel Connoisseurs Program, and the delivery of a Melbourne Lifestyle Exhibition in Shanghai.

Middle East and Turkey STM

In February 2014 a delegation of more than 100 organisations, led by the Hon. Louise Asher MP, joined the Victorian Government’s third STM to the Middle East and Turkey.

More than 150 delegates representing food and beverage, agribusiness, education, sustainable urban design, fashion and marine businesses built on the success of previous STMs in 2012 and 2013, which generated $447 million in projected sales over a two year period.

Following the 2014 STM, participating companies have reported more than $305 million in sales.

South-East Asia STM

Victoria’s second STM to South-East Asia in June 2014 built on the success of 2013 and will generate anticipated export sales of approximately $230 million in the 24 months following participation in the mission. Companies in the food services, sustainable urban design, education, ICT and tourism sectors participated in organised events,


TRADE MISSIONS

Trade missions are a centrepiece of the Victorian International Engagement Strategy. In 2013-14, 16 outbound trade missions included STMs to China, the Middle East and Turkey, India and South-East Asia. Collectively these missions supported 900 organisations to engage with international markets, generating projected export sales of more than $914 million for the 24 month period following participation in the trade missions.

China STM

In October 2013, the China STM was led by the Premier of Victoria the Hon. Dr Denis Napthine MP, the Hon. Louise Asher MP, the Hon. Peter Walsh MP, and the Hon. David Hodgett MP.

The 2013 STM followed the highly successful 2012 STM and was themed around Victoria’s world-famous lifestyle and liveability. More than 400 delegates representing 300 companies travelled to nine cities. It is estimated that $390 million worth of sales will be generated over the next two years and more than 200 new jobs will be created as a direct outcome of the China STM.

Investment outcomes included the establishment of Australian Dairy Park’s infant formula blending and canning factory at Carrum Downs with plans to export around $30 million worth of product to China in its first year. The plant will create 30 new jobs and cost $10 million.

Highlights included:

> the establishment of a Significant Investor Visa Desk in the Shanghai VGBO to attract and service high net-worth individuals interested in investing in Victoria

> the official opening of BlueScope Steel’s new $60 million manufacturing plant in Xi’an, China

> three new agreements signed by Victorian ICT companies in Beijing

> Victoria-Jiangsu Business Placement Program offering Victorian businesses greater opportunities to engage Jiangsu Province companies

CREATE MORE OPPORTUNITIES FOR VICTORIAN BUSINESSES TO GROW AND BECOME MORE PRODUCTIVE AND COMPETITIVE IN THE GLOBAL MARKETPLACE



site visits and business-matching meetings in Malaysia, Indonesia, Singapore, Thailand and Myanmar. The STM focused on the region’s priority markets and leveraged Victoria’s significant existing government, business, cultural and personal connections to build deeper commercial engagement and new export opportunities.

India STM

In March 2014 the Hon. Louise Asher MP and the Hon. Gordon Rich-Phillips MLC led 100 Victorian companies and more than 130 delegates on Victoria’s third STM to India. More than 450 Victorian organisations have taken part in STMs to India.

The 2014 STM focused on the key industry sectors of education, health and aged care, ICT, sustainability (including cleantech and water) and tourism. STM delegates visited five cities across India including Mumbai, Bangalore, Delhi, Ahmedabad and, for the first time, Trivandrum.

The program included high-level business meetings and events with technology, finance, infrastructure and health sector organisations and government officials.

Companies that attended are expecting additional export sales of more than $38 million over the next two years.

Key outcomes included:

> announcement of a new public transport ticket discount scheme for eligible international students from 2015

> awarding of four Victoria/India Doctoral Scholarships

> a Victorian Women in International Business (VWIIB) Forum in Mumbai

> a Significant Investment Desk established in the VGBO in Bangalore

> India’s Servion Global Solutions establishing its Australian headquarters in Melbourne

> a new agreement by Tesscorn India to distribute Ecotech Australia’s world-leading clean technologies in India.

Defence and Aerospace Trade Mission to the USA

In May the Hon. David Hodgett MP led a group of Victoria’s leading defence and aerospace companies on a trade mission to the USA. The trade mission focused on what Victoria’s advanced manufacturing capabilities can offer defence companies. It also reinforced the fact that the Government wants to work with defence companies to expand their operations here, invest in Victoria’s economy and create jobs through major upcoming military vehicle and naval projects. Current projects include the Australian Defence Force’s LAND 400 Land Combat Vehicle System, worth up to $15 billion, and SEA1000 Future Submarine Program, valued at up to $40 billion, along with other significant projects in the defence capability acquisition pipeline.

This trade mission built on the success of 2013 Defence and Aerospace Trade Mission. Participants in that mission reported anticipated additional exports of $17.5 million in the two years post mission.


The RGF provides $1 billion over eight years to build strong vibrant regional cities and country communities in Victoria. It is supporting major strategic infrastructure and community-led local initiatives that improve both the competitiveness and liveability of regional and rural Victoria, creating more jobs and better career opportunities. 2013-14 was the third year of the fund’s operation.

Establishment of the Goulburn Valley Industry and Infrastructure Fund (GVIIF)

In March 2014, the Government committed $5 million from the RGF to help local businesses and industry in the Goulburn Valley grow and adapt to changing market conditions, and capitalise on their strengths in food production and processing. The department has identified a number of priority projects from the numerous applications received and is working with proponents to finalise those applications.




Economic Infrastructure Program

In 2013-14, $42.5 million in funding was announced under the Economic Infrastructure Program of the RGF. Funding for projects under this program included:

> $1.95 million towards building a 25.5 kilometre water main to provide reliable water to six vineyards in the Landsborough Valley in Western Victoria, securing 60 jobs

> completion of significant work to connect regional Victoria to the natural gas network under the $100 million Energy for the Regions Program

> $1.5 million investment for Korumburra’s Burra Foods, contributing towards a $22 million expansion to take advantage of the high Asian demand for nutritional milk powder. This substantial investment created 60 construction jobs, 26 new full-time jobs across the business and secured more than 100 existing jobs at the plant

> $1.2 million from the RGF for two new Phillip Island tourist attractions. One project will be a state-of-the-art multimedia interpretative display, a partnership between the World Wide Fund for Nature and the Phillip Island Nature Park, and the other project will be a new eco boat tour in Cowes.

Putting Locals First Program

The $100 million Putting Locals First Program component of the RGF enables regional communities to determine and deliver service and infrastructure requirements that reflect their local priorities.

In 2013-14, the Government:

> contributed a further $500,000 towards the $5.3 million Yarram District Hub Project. This brings the total Government contribution to almost $2 million and completes the funding required to start the redevelopment of this much anticipated facility

> provided $150,000 to Mansfield tomato producer Murphy Fresh to assist the company to embark on a $1.5 million expansion project, creating 25 new jobs.

Local Government Infrastructure Program

The Local Government Infrastructure Program component of the RGF provides all 48 regional and rural councils with a flexible funding stream to plan and build new infrastructure and renew crucial community assets.

In 2013-14:

> work was completed on the Bendigo Library, a $9.5 million redevelopment project which will significantly benefit the local community and wider region.

EXPANDING THE INTERNATIONAL VGBO NETWORK

The VGBO network raises Victoria’s international profile and helps the state negotiate the challenges of international trade and investment. VGBO offices in 17 strategic international locations focus on attracting direct foreign investment, export development and WoVG activities.

The Government recently re-opened an office in Jakarta, Indonesia; opened a new office in Chengdu, China; and announced the establishment of an office in Seoul, South Korea.

TECHNOLOGY TRADE AND INTERNATIONAL PARTNERING PROGRAM (TRIP)

During 2013-14, 329 TRIP grants were provided to 230 technology companies to facilitate independent export activities in markets of their choice. Grant recipients reported projected exports of approximately $417 million over the next 24 months.

INTERNATIONAL FOOD AND BEVERAGE WEEK (IFBW)

IFBW 2014 built on the success of the previous event with more than 250 Victorian food and beverage companies participating, and 240 senior international delegates representing 160 major Asian food businesses from China (including Taiwan and Hong Kong), Japan, Indonesia, Singapore, Malaysia, Thailand, the Philippines, Korea and Vietnam. A substantially increased site visit program featured more than 80 site visits across metropolitan Melbourne and regional Victoria compared to just 15 in 2013.



438 new jobs since its launch in 2012. Other roadmap initiatives include $5 million to establish 20 Technology Enabled Learning Centres, $800,000 for the Moe Work and Learning Centre and $525,000 to help high performing firms expand their potential and strengthen supply chains.

INTERNATIONAL MINING AND RESOURCES CONFERENCE (IMARC)

The department has established a resources roundtable, chaired by the Deputy Premier of Victoria the Hon. Peter Ryan MP and comprising senior industry executives from across the mining and mining services sectors including representatives from BHP Billiton, Orica and MMG. The roundtable provides strategic advice to the department on the direction of IMARC, which will be held in Melbourne in September 2014. The aim of IMARC is to promote Victoria as a global hub of mining and mining services, help Victorian businesses better participate in the mining industry, and develop Victoria’s earth resources to unlock the value of this sector.

SUPPORTING VICTORIAN SMALL BUSINESS

The department has a strong focus on supporting all small business within Victoria through a range of targeted programs and support mechanisms. Support Small Business Day is a Government initiative dedicated to encouraging Victorians to explore their local community and spend at local small businesses. Small businesses account for 96 per cent of all businesses in the state, and almost half of all private sector jobs. Organised by the department, the inaugural event was held in October 2013. More than 2,000 small businesses registered to participate in the day, and more than 2,900 consumers registered as shoppers to gain access to vouchers and special incentives.

The Small Business Festival gives small businesses the opportunity to learn practical news skills and access new ideas to help boost productivity and competitiveness. The Small Business Bus visits Melbourne and regional Victoria as a ‘travelling office on wheels’ offering professional assistance as well as expert advice from an experienced business mentor.

REGIONAL AVIATION FUND

The Victorian Government is providing $5 million annually through the Regional Aviation Fund to support local aerodromes. To date, 17 regional airports and aerodromes have taken advantage of the fund to upgrade their facilities. Projects announced during 2013-14 provide for upgrades at Warrnambool Airport, Kyneton Aerodrome, Hamilton Airport, Lethbridge Airpark, Orbost Airport, Wangaratta Airport, Nhill Aerodrome, Stawell Aerodrome, Echuca Aerodrome and Kerang Aerodrome.

AUSTRALIAN AUTOMOTIVE WEEK 2014 (AAW)

AAW is a unique partnership between the Victorian Government and the automotive industry to jointly promote Australia’s state-of-the-art automotive and manufacturing capabilities. Coinciding with the Formula 1 Australian Grand Prix, the week brings together international and local automotive experts and senior representatives to meet and discuss business opportunities. The 2014 event attracted over 100 international delegates, 300 industry stakeholders and involved 200 Victorian organisations, including 37 exhibitors at the Geelong Supplier Trade Show.

REDUCING RED TAPE

The Government’s commitment to reducing business red tape by 25 per cent by July 2014 will save $715 million per year. Over the past year, the Red Tape Commissioner has met with industry associations and businesses to identify a list of priority actions. The department has engaged with business to identify reform priorities and how the regulatory system affects competitiveness. The department also contributed to legislation reform and reducing the costs of locating and fulfilling permits, licensing and other approval requirements.

LATROBE VALLEY INDUSTRY AND EMPLOYMENT ROADMAP

A high concentration of power generators combined with a carbon-constrained future presents Latrobe Valley with many challenges. LVIER responds to this with a long-term coordinated plan for strategic investment, and industry and jobs growth. So far the LVIER has supported 28 projects and created




LAUNCH OF THE ESERVICES REGISTER

The eServices Register was launched in July 2013 and provides an electronic marketplace for suppliers and government buyers to transact. The register has in excess of 1,200 recorded suppliers. More than 1,000 sourcing events have been posted to date by government buyers.

RELAUNCH OF THE VIC.GOV.AU WEBSITE

Averaging 250,000 visits per month vic.gov.au provides comprehensive access to Government programs, services and information. This year the department made four major additions to the site:

> a central information source for all government grants and assistance called Grants Victoria

> consultations.vic.gov.au which lists all government consultations

> all Victorian online services listed in Services Victoria

> all government online publications are now featured at publications.vic.gov.au

RELAUNCH OF BUSINESS.VIC.GOV.AU

Launched at the end of March 2014, the enhanced business.vic.gov.au is more intuitive and has improved access across all devices – desktop, tablet or smartphone. Since relaunch, visits have increased by more than 20 per cent and it is now simpler and faster for SMEs to find information on setting up a business and improving productivity, regulatory information, financial support, advice/mentoring and training and information on grants and how to apply online.

VICTORIAN WOMEN IN INTERNATIONAL BUSINESS PROGRAM

VWIIB program is a networking and discussion forum for women working in, or interested in working in, international business. It offers women the opportunity to grow their own export businesses by forging new connections and developing new partnerships with other women. Current VWIIB activities include a LinkedIn page, training to get businesses export-ready, and various Melbourne networking events.

OTHER ACHIEVEMENTS

In addition to the STMs there were 12 other inbound and outbound missions this year involving 279 companies showcasing their wares to key markets. Collectively, these companies expect sales to increase by $180 million over the next two years. Marysville continues to bounce back from the devastating bushfires of five years ago. Highlights this year include:

> the completion of the $2 million redevelopment of the Marysville Community Golf and Bowls Club

> the continuing rebuild of the new $28 million Vibe Hotel and Conference Centre

> the launch of the Visit Marysville app

> the fourth annual Australian Sparkling Wine Show.

The Small Business Workshops and Seminars Program provides rapid skill development for small business operators and those thinking of starting a business. More than 22 business topics are available, and all sessions are delivered by experienced workshop leaders. The program is offered at low-cost ($20 per seminar and $30 per workshop) and Small Business Victoria partners with host organisations to deliver the program throughout Victoria. In 2013-14 more than 4,160 participants attended more than 350 workshops and seminars.

The Small Business Mentoring Program provides low-cost, high-quality business mentoring through the Small Business Mentoring Service. There are more than 80 small business mentors located throughout metropolitan and regional areas. In 2013-14, 2,556 Victorian businesses received mentoring assistance at more than 3,400 sessions.

The Metropolitan VGBO network continued to facilitate workshops and briefings with the Metropolitan Planning Authority (MPA) as it actively engaged with business in the rollout of its PlanMelbourne Strategy. Work has begun with the MPA to implement a range of important initiatives aimed at delivering jobs and investment.



A series of five healthcare workshops were held during 2013 by the Eastern Metropolitan VGBO to improve communications in the health and aged care sector. The workshops explored the need for a holistic approach to the integration of technology-enabled services for healthcare in the home. This development could potentially see a 45 per cent reduction in mortality rates and a 20 per cent reduction in emergency admissions, plus fewer Accident and Emergency visits, and fewer elective surgery admissions and hospital-bed days.

The Premier convened automotive roundtable meetings with key automotive industry stakeholders to discuss strategies and initiatives to assist the industry transition into new opportunities. Sub-committees with industry and the department participation have been formed to address specific skills and automotive supply chain issues. The department engaged with key industry stakeholders to develop initiatives to connect automotive businesses with new opportunities both domestically and globally.

The Southern Metropolitan VGBO ran a series of food industry roundtable events to assist industry understand the role of the department, how it can help business with export opportunities and to promote the work of our international offices. Assistance was also offered to help reduce the cost of water and wastewater to the food industry, which is a significant financial burden. The workshops were run in conjunction with the Victorian Centre for Sustainable Manufacturing.

The department’s Northern and Southern Metropolitan VGBOs, in collaboration with local councils, Regional Development Australia and the Industry Capability Network, hosted two Christchurch Recovery rebuilding updates in late 2013 and early 2014 to provide an update following the city’s 2011 earthquake. The southern event, attended by the Hon. David Hodgett MP, attracted more than 250 participants while the northern event attracted 130 people. Opportunities were identified for building contractors and suppliers, infrastructure consultants, engineering services, and transport and logistics firms. The program budget is approximately $40 billion and Victorian companies are currently collaborating on tenders for anchor projects.

The Southern Metropolitan VGBO hosted an Australian Rail Industry Forum in May 2014. Attended by more than 200 businesses, the forum was an opportunity to discuss initiatives aimed at improving the competitiveness of and opportunities for the Australian rail sector. Presentations centred on policy announcements, global rail supply-chain opportunities including the September 2014 trade mission to Germany for InnoTrans 2014 and Austrade’s market insights.




LAUNCH OF MINERALS DEVELOPMENT VICTORIA

The launch of MDV in 2013-14 has created a single point-of-entry for investors dealing with the Victorian Government for exploration, mining and quarrying projects. MDV will also focus on streamlining and improving approvals and regulations. Current MDV projects include:

> Stockman Project copper mine in East Gippsland

> Big Hill gold mine in Stawell

> facilitating the ongoing operating of Iluka Resources’ separation plant

> ongoing strategic access to extractive resources to support the growth of Melbourne’s infrastructure.

INTERNATIONAL LOW RANK COAL INDUSTRY SYMPOSIUM

A total of 220 delegates from 20 of the world’s major low-rank coal user and producer countries attended the third International Low Rank Coal Industry Symposium in April 2014. Hosted by the Victorian Government, delegates heard about the industry’s current status, energy demand, how to develop skills and the industry’s future plans. They also discussed carbon capture and storage developments and how to secure a social licence to operate, obtain project financing, and monetise coal for purposes beyond electricity.


ADVANCED LIGNITE DEMONSTRATION PROGRAM

In August 2012, the Victorian and Federal Governments launched the ALDP, which aims to develop and deploy emerging technology to reduce the greenhouse gas emissions intensity of lignite (brown coal), improve the economically recoverable return from lignite, and provide employment opportunities in the Latrobe Valley and broader region. Projects funded this year include $30 million to Coal Energy Australia, $20 million to Ignite Energy Resources and $25 million to Shanghai Electric Australia Power & Energy Development.

COMMUNITY CONSULTATION PROCESS FOR ONSHORE NATURAL GAS

The Government is working towards gaining a deeper understanding of community concerns about the possible future development of onshore natural gas including tight, shale and coal seam gas. In April 2014 the department launched the Natural Gas Community Information website naturalgasinfo.vic.gov.au and began a community consultation process. This process includes open days, meetings and workshops with community and local government, and gives Victorians an opportunity to discuss their key concerns, particularly in rural and regional areas where commercially-viable reserves of onshore natural gas may exist. Currently there is an extended moratorium on new exploration licences for all types of onshore natural gas and hydraulic fracturing until at least July 2015.

PROMOTE THE DELIVERY OF SAFE, RELIABLE AND COMPETITIVE ENERGY SERVICES, AND GROW A SUSTAINABLE RESOURCES SECTOR *

* This strategic objective is detailed in the 2014-15 Budget Papers No.3 Service Delivery.



ADVANCED METERING INFRASTRUCTURE PROGRAM

The Government’s AMI Program is ensuring that remotely read meters (smart meters) are the standard electricity meter for households and small business across the state. In 2013-14, the rollout of more than 2.6 million meters, overseen by the department, neared completion, enabling Victorians to better monitor and manage their energy usage. Smart meters also support the transition of consumers to the option of flexible pricing by allowing them to pay different rates depending on when they use power, and thereby minimise their energy bills.

The Government also announced in May 2014 the successful applicants for grants under the $1 million Energy Information Fund (EIF). The EIF offers up to $120,000 to not-for-profit organisations for projects designed to help vulnerable and hard-to-reach Victorians to better understand the energy market and find ways to save money on their power bills. This includes seniors, the disabled and those for whom English is not the primary language. The department awarded 15 EIF grants in 2013-14.

SIGNIFICANT GEOSCIENCE FINDINGS PUBLISHED IN INTERNATIONAL PUBLICATION

A new geodynamic model of Eastern Australia, developed in collaboration by research staff from the Geological Survey of Victoria (GSV) and Monash University, was published in the international journal Nature in April 2014. The team comprising Louis Moresi, Peter Betts, Meghan Miller and Ross Cayley (GSV) explained the chain of events following impact between continental fragments at subduction zones. Using geological data from Eastern Australia, this model develops the idea that only one continent-dipping subduction zone was active beneath Eastern Australia millions of years ago. This provides a new geological template for predicting the location of buried mineral systems in Victoria. Practical applications for this modelling include highlighting new exploration opportunities in Victoria and the potential for new mineral discoveries including copper and gold.

STRENGTHENING VICTORIA’S EARTH RESOURCES PROGRAM

This program is a $19.2 million initiative established to revitalise exploration and mining in Victoria by attracting new exploration to the state and reducing barriers to investment. As part of the initiative’s implementation, the Mineral Resources (Sustainable Development) Act was amended in February 2014 to reduce the regulatory burden on industry. In April 2014, the Extractives Resources Taskforce was established to focus on the strategic planning and development of the state’s extractives resources to meet infrastructure and other market demands linked to urban growth plans.




POWERLINE BUSHFIRE SAFETY PROGRAM

The PBSP is the Government’s $750 million, 10-year program to deliver Recommendations 27 and 32 of the Victorian Bushfires Royal Commission. The program is on track and its key achievements this year included:

> replacing approximately 45 kilometres of powerlines in high fire risk areas with underground or aerial bundled cable

> installing more than 30 diesel back-up power generators in regional and rural residential care facilities as part of the $40 million Local Infrastructure Assistance Fund which provides critical back-up power to Victoria’s most vulnerable citizens

> installing approximately 200 remotely controlled Automatic Circuit Reclosers on rural feeders

> conducting a world-first trial of arc suppression capabilities of the Rapid Earth Fault Current Limiter (REFCL) protection device technology, comprising more than 200 separate tests on a special purpose field test facility

> a world-first trial of REFCLs using state-of-the-art technology to reduce the risk of powerlines starting bushfires.

OTHER ACHIEVEMENTS

The online My Power Planner tool has helped more than 70,000 Victorians save on their electricity bills by enabling them to compare offers from different electricity retailers. Energy Technology Innovation Grants included $1 million to RayGen Resources to support the design, construction and testing of the modular two kilowatt prototype solar power test facility, as well as a grant to Solar Systems to complete stage two of its large scale demonstration solar project in Mildura and Bridgewater.

The CarbonNet Project is investigating the potential for establishing a world-class, large scale carbon capture and storage network in the Gippsland region. Work is continuing to complete the feasibility phase of this project including a geoscience evaluation program.


03 FINANCIAL REPORT

03 FINANCIAL REPORT


03 FINANCIAL

REPORT

This financial report covers the Department of State Development, Business and Innovation (the department) as an individual reporting entity and is presented in the Australian currency.

The Department of State Development, Business and Innovation is a Government Department of the State of Victoria. The department was established pursuant to an order made by the Premier under the Administrative Arrangements Act 1983. The department’s principal address is:

Department of State Development, Business and Innovation 121 Exhibition Street Melbourne VIC 3000

A description of the nature of the department’s operations and its principal activities is included in the Report of Operations section of the annual report which does not form part of this financial report.

For inquiries in relation to our reporting please call 9651 9999, or visit the department’s website at dsdbi.vic.gov.au

INTRODUCTION


03 FINANCIAL REPORT

Comprehensive operating statement 37

Balance sheet 38

Statement of changes in equity 39

Cash flow statement 40

Notes to the financial statements

Note 1. Summary of significant accounting policies 41

Note 2. Departmental (controlled) outputs 60

Note 3. Administered (non-controlled) items 64

Note 4. Income from transactions 66

Note 5. Expenses from transactions 68

Note 6. Other economic flows included in net result 70

Note 7. Receivables 70

Note 8. Inventories 71

Note 9. Restructuring of administrative arrangements 71

Note 10. Property, plant and equipment 73

Note 11. Non-financial physical assets classified as held for sale including disposal group assets and directly associated liabilities 79

Note 12. Investments accounted for using the equity method 80

Note 13. Intangible assets 81

Note 14. Other non-financial assets 81

Note 15. Payables 82

Note 16. Borrowings 82

CONTENTSNote 17. Provisions 83

Note 18. Superannuation 84

Note 19. Other liabilities 84

Note 20. Leases 85

Note 21. Commitments for expenditure 86

Note 22. Contingent assets and contingent liabilities 88

Note 23. Financial instruments 88

Note 24. Cash flow information 98

Note 25. Investments 99

Note 26. Reserves 99

Note 27. Summary of compliance with annual parliamentary and special appropriations 100

Note 28. Ex-gratia expenses 100

Note 29. Annotated income agreements 100

Note 30. Trust account balances 102

Note 31. Responsible persons 105

Note 32. Remuneration of executives and payments to other personnel 106

Note 33. Remuneration of auditors 107

Note 34. Glossary of terms 108

Accountable Officer’s and Chief Finance Officer’s declaration 113

Auditor-General’s Report 114


03 FINANCIAL

REPORT

Notes 2014* 2013

$’000 $’000

CONTINUING OPERATIONS

Income from transactions

Output appropriations 576,223 438,132

Regional Growth Fund appropriations 136,000 –

Interest 4(a) 5,312 611

Grants 4(b) 84,008 83,495

Other income 4(c) 139,444 98,654

Total income from transactions 940,987 620,892

EXPENSES FROM TRANSACTIONS

Employee expenses 5(a) (115,787) (78,271)

Depreciation and amortisation 5(b) (8,743) (4,060)

Interest expense 5(c) (280) (47)

Grants and other transfers 5(d) (484,647) (310,279)

Capital asset charge (9,801) (9,491)

Other operating expenses 5(e) (282,883) (203,940)

Total expenses from transactions (902,141) (606,088)

Net result from transactions (net operating balance) 38,846 14,804

OTHER ECONOMIC FLOWS INCLUDED IN NET RESULT

Net gain/(loss) on non-financial assets 6(a) (4,850) (3,887)

Net gain/(loss) on financial instruments 6(b) (40) –

Other gains/(losses) from other economic flows 6(c) (32) 93

Total other economic flows included in net result (4,922) (3,794)

Net result 33,924 11,010

OTHER ECONOMIC FLOWS – OTHER COMPREHENSIVE INCOME

Items that will not be classified to net result

Transfer of asset revaluation surplus to accumulated surplus 5,320 –

Changes in physical asset revaluation reserve 26 (5,320) –

Total other economic flows – other comprehensive income – –

Comprehensive result 33,924 11,010

* 2014 includes the impact of Machinery of Government and administrative changes, however comparative amounts for the prior year have not been adjusted.

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

COMPREHENSIVE OPERATING STATEMENTfor the financial year ended 30 June 2014


03 FINANCIAL REPORT

Notes 2014* 2013

$’000 $’000

ASSETS

Financial assets

Cash and deposits 24 396,760 89,229

Receivables 7 155,171 113,626

Investments 25 90 –

Total financial assets 552,021 202,855

Non-financial assets

Inventories 8 10,168 23,646

Non-financial physical assets classified as held for sale including disposal group assets 11 25 23

Property, plant and equipment 10 559,026 526,159

Investments accounted for using the equity method 12 35,000 35,000

Intangible assets 13 36,232 26,490

Other non-financial assets 14 1,858 966

Total non-financial assets 642,309 612,284

Total assets 1,194,330 815,139

LIABILITIES

Payables 15 100,358 62,672

Borrowings 16 3,201 984

Provisions 17 35,188 20,876

Other liabilities 19 84 194

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

11 25 23

Total liabilities 138,856 84,749

Net assets 1,055,474 730,390

EQUITY

Accumulated surplus 249,103 209,859

Physical asset revaluation surplus 26 25,650 30,970

Contributed capital 780,721 489,561

Total equity 1,055,474 730,390


Restructure of administrative arrangements 9

Commitments for expenditure 21

Contingent assets and contingent liabilities 22

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

BALANCE SHEETas at 30 June 2014


03 FINANCIAL

REPORT

NotesPhysical Asset

Revaluation SurplusAccumulated

SurplusContributed

Capital Total

$’000 $’000 $’000 $’000

Balance at 1 July 2012 30,970 198,849 381,204 611,023

Net result for the year – 11,010 – 11,010

Capital appropriations – – 120,511 120,511

Transfers – – (12,154) (12,154)

Balance at 30 June 2013 30,970 209,859 489,561 730,390

Net result for the year – 33,924 – 33,924

Capital appropriations – – 43,835 43,835

Administrative restructure – net assets received

9 – – 266,359 266,359

Transfers via contributed capital – – (19,034) (19,034)

Transfer to accumulated surplus (5,320) 5,320 – –

Balance at 30 June 2014 25,650 249,103 780,721 1,055,474

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

STATEMENT OF CHANGES IN EQUITYfor the financial year ended 30 June 2014


03 FINANCIAL REPORT

Notes 2014* 2013

$’000 $’000

CASH FLOWS FROM OPERATING ACTIVITIES

Receipts

Receipts from Government 676,877 522,913

Receipts from other entities 258,458 91,088

Goods and Services Tax recovered from the ATO 44,549 41,754

Interest received 5,312 611

Total receipts 985,196 656,366

Payments

Payments of grants and other transfers (484,647) (310,278)

Payments to suppliers and employees (427,455) (305,858)

Capital asset charge payments (9,801) (9,491)

Interest and other costs of finance paid (280) (47)

Total payments (922,183) (625,674)

Net cash flows from/(used) in operating activities 24(c) 63,013 30,692

CASH FLOWS FROM INVESTING ACTIVITIES

Purchases of non-financial assets (38,058) (117,440)

Sales of non-financial assets 1,090 351

Payments for intangible assets (701) (2,803)

Net cash flows from/(used in) investing activities (37,669) (119,892)

CASH FLOWS FROM FINANCING ACTIVITIES

Owner contributions by State Government 38,031 117,975

Restructuring of administrative arrangements 246,257 –

Repayment of finance leases (2,101) (591)

Net cash flows from/(used in) financing activities 282,187 117,384

Net increase/(decrease) in cash and cash equivalents 307,531 28,184

Cash and cash equivalents at the beginning of the financial year 89,229 61,045

Cash and cash equivalents at the end of the financial year 24(a) 396,760 89,229


Non-cash transactions 24(b)

The cash flow statement should be read in conjunction with the notes to the financial statements.

CASH FLOW STATEMENTfor the financial year ended 30 June 2014


03 FINANCIAL

REPORT

NOTES TO THE FINANCIAL STATEMENTSfor the financial year ended 30 June 2014

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

These annual financial statements represent the audited general purpose financial statements for the Department of State Development, Business and Innovation (the department) for the period ended 30 June 2014. The purpose of the report is to provide users with information about the department’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 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 the AASB 1049 Whole of Government and General Government Sector Financial Reporting.

Where appropriate, those paragraphs of the AASs 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, a glossary of terms can be found in Note 34.

These annual financial statements were authorised for issue by the Secretary of the department on 4 September 2014.

(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 factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

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

> the fair value of land, buildings, infrastructure, plant and equipment (refer to Note 1(Q))

> superannuation expense (refer to Note 1(K)); and

> actuarial 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(R)).

These financial statements are presented in Australian dollars, and prepared in accordance with the historical cost convention except for:

> non-financial 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.


03 FINANCIAL REPORT

Consistent with AASB 13 Fair Value Measurement, the department determines the policies and procedures for both recurring fair value measurements such as property, plant and equipment, and financial instruments and for non-recurring fair value measurements such as non-financial physical assets held for sale, in accordance with 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; and

> Level 3 – Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable.

For the purpose of fair value disclosures, the department 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, the department 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 the department’s independent valuer.

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

(C) SCOPE AND PRESENTATION OF FINANCIAL STATEMENTS

Comprehensive operating statementThe comprehensive operating statement comprises three components, ‘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, together with the net result from discounted operations, represents the net result.

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

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

Balance sheetAssets 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 being those expected to be recovered or settled in more than 12 months after the reporting period) are disclosed in the notes, where relevant.

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

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Cash flow statementCash flows are classified according to whether or not they arise from operating, investing 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.

RoundingAmounts 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. Please refer to Note 34 for a style convention for explanations of minor discrepancies resulting from rounding.


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defined benefit obligations and plan assets will have limited impact on the department.

The revised standard also changes the definition of short-term employee benefits. These were previously benefits that were expected to be settled within twelve months after the end of the reporting period in which the employees render the related service, however, short-term employee benefits are now defined as benefits expected to be settled wholly within twelve months after the end of the reporting period in which employees rendered the related service. As a result, accrued annual leave balances which were previously classified as short-term employee benefits no longer meet this definition and are classified as long-term employee benefits. Where this has occurred it will result in a change of measurement for the annual leave provision from an undiscounted to discount basis.

The department has undertaken a detailed analysis of accrued annual leave balances for the last three years and considers the accrued annual leave is consistent with the department’s annual leave policy and Victorian Public Service Workplace Determination 2012 (Conditions of Employment), both of which require accrued annual leave to be settled wholly within twelve months after the end of the reporting period in which employees rendered the related service.

Accordingly, the department has accounted for the accrued annual leave liability at the reporting date as short-term employee benefits measured at nominal value.

(E) BASIS OF CONSOLIDATIONIn accordance with AASB 127 Consolidated and Separate Financial Statements:

> The consolidated financial statements of the department incorporates assets and liabilities of all reporting entities controlled by the department as at 30 June 2014, and their income and expenses for that part of the reporting period in which control existed (refer Note 1(F)) are controlled and consolidated.

> The consolidated financial statements exclude bodies within the department’s portfolio that are not controlled by the department and therefore are not consolidated. Bodies and activities that are administered (refer Note 1(G)) are also not controlled and not consolidated.

(D) CHANGES IN ACCOUNTING POLICYThe following new and revised Standards have been adopted in the current period with their financial impact detailed below.

AASB 13 Fair value measurementAASB 13 establishes a single source of guidance for all fair value measurements. AASB 13 does not change when a department is required to use fair value, but rather provides guidance on how to measure fair value under AASs when fair value is required or permitted. The department has considered the specific requirements relating to highest and best use, valuation premise, and principal market. The methods, assumptions, processes, and procedures for determining fair value were revisited and adjusted where applicable. In light of AASB 13, the department has reviewed the fair value principles as well as its current valuation methodologies in assessing the fair value, and the assessment has not materially changed the fair values recognised.

AASB 13 has impacted the disclosure by the department as it requires specific disclosure about fair value measurements and disclosures of fair values, some of which replace existing disclosure requirements in other standards, including AASB 7 Financial Instruments: Disclosures.

The disclosure requirements of AASB 13 apply prospectively and need not be applied in comparative information before first application. Consequently, the 2012-13 comparatives of these disclosures have not been provided, except for financial instruments, of which the fair value disclosures are required under AASB 7 Financial Instruments: Disclosures.

AASB 119 Employee benefitsIn 2013-14, the department has applied AASB 119 Employee benefits (September 2011, as amended) and the related consequential amendments for the first time.

The revised AASB 119 changes the accounting for defined benefit plans and termination benefits. The most significant change relates to the accounting for changes in defined benefit obligation and plan assets. As the current accounting policy is for the Department of Treasury and Finance (DTF) to recognise and disclose the state’s defined benefit liabilities in its financial statements, changes in


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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 the department, all material transactions and balances between consolidated entities are eliminated.

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 the department.

Jointly controlled assets or operationsInterest in jointly controlled assets or operations are not consolidated by the department, but are accounted for in the financial statements using the equity method. Under the equity method, the share of the profits or losses of the partnership is recognised in the comprehensive operating statement, and the share of movements in reserves is recognised in reserves (non-owner equity) in both the comprehensive operating statement and the statement of changes in equity. The cumulative post-acquisition changes are adjusted against the carrying value of the jointly controlled entity. Details relating to the joint venture are set out in Note 12.

The department has a joint venture interest with Monash University in the Australian Regenerative Medical Institute (ARMI). ARMI was established to construct and operate a facility which will promote Victoria as a global leader in regenerative medical research, foster and develop existing research collaboration on both domestic and overseas projects, and provide a major site for both undergraduate and post graduate training programs. The department has no rights to share profits and is not liable for losses of the Joint Venture as set-out in the Joint Venture Funding Agreement.


(F) REPORTING ENTITY The financial statements cover the department as an individual reporting entity.

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

Its principal address is:

Department of State Development, Business and Innovation 121 Exhibition Street, Melbourne VIC 3000 Postal address: PO Box 4509 Melbourne VIC 3001.

The department is an administrative agency acting on behalf of the Crown.

The financial statements include all the controlled activities of the department. The following statutory body is included in the department’s reporting entity:

> Victoria Trade and Investment Office Pty Ltd, a wholly owned subsidiary 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.

In addition, the following entities are included in the department‘s reporting entity:

> Office of the Small Business Commissioner established under the Small Business Commissioner Act 2003

> 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 State Development, Business and Innovation, body corporate under the Project Development Construction and Management Act 1994 (Vic).

> Regional Development Victoria

> Red Tape Commissioner, and

> Victorian Mining Warden.

A description of the nature of the department’s operations and its principal activities is included in the Report of Operations which does not form part of the financial statements.

Details on the restructure of administrative arrangements can be found in Note 9.


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Objectives and fundingThe objectives of the department during the reporting period were:

> assist businesses in accessing skilled workers to align with Victoria’s industry needs

> provide market intelligence and assistance to organisations to make it easy to invest in Victoria

> create more opportunities for Victorian communities and businesses to grow and become more productive and competitive in the global marketplace

> promote Victoria to attract tourists, investors, and students

> support organisations and Government to boost their productivity through innovation and technology

> promote the delivery of safe, reliable and competitive energy services, and grow a sustainable resources sector.

Information about the department’s output activities, and the income, expenses, assets and liabilities which are reliably attributable to those output activities, is set out in the output activities schedule at Note 2. Information about income, expenses, 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 to Note 3.

(G) ADMINISTERED ITEMSCertain resources are administered by the department on behalf of the state. While the department 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 its objectives. Accordingly, transactions and balances relating to administered items are not recognised as departmental income, expenses, assets or liabilities in the body of the financial statements.

Administered income includes revenue generated for the state from brown coal and minerals royalties, levies, and mining licences. Administered assets include Government income earned but not yet collected. Administered liabilities include Government expenses incurred but not yet paid.

Except as otherwise disclosed, administered resources are accounted for on an accrual basis

using the same accounting policies adopted for recognition of the departmental items in the financial statements. Both controlled and administered items of the department are consolidated into the financial statements of the state.

Disclosures related to administered items can be found in Notes 3 and 21.

(H) EVENTS AFTER THE REPORTING PERIOD

Assets, liabilities, income or expenses arise from past transactions or other past events. Where the transactions result from an agreement between the department 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 conditions which arose after the end of the reporting period and which may have a material impact on the results of subsequent years.

(I) ACCOUNTING FOR GOODS AND SERVICES TAX (GST)

Income, expenses, assets and liabilities are recognised net of the amount of associated GST, except where GST incurred is not recoverable from the taxation authority. In this case 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 taxation authority 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 taxation authority, are presented as an operating cash flow.

Commitments, contingent assets and contingent liabilities are also stated exclusive of GST (refer to Note 1(S) and Note 1(T)).


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(J) INCOME FROM TRANSACTIONSIncome is recognised to the extent that it is probable that the economic benefits will flow to the department and the income can be reliably measured at fair value.

Appropriation incomeAppropriated income becomes controlled and is recognised by the department when it is appropriated from the Consolidated Fund by the Victorian Parliament and applied to the purposes defined under the relevant Appropriations Act. Additionally, the department is permitted under Section 29 of the Financial Management Act 1994 to have certain income annotated to the annual appropriation. The income which forms part of a Section 29 agreement is recognised by the department 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.

Where applicable, amounts disclosed as income are net of returns, allowances, duties and taxes. All amounts of income over which the department does not have control are disclosed as administered income in the schedule of administered income and expenses, refer Note 3. Income is recognised for each of the department’s major activities as follows:

Output appropriationsIncome from the outputs the department 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.

Interest incomeInterest income includes interest received on bank term deposits and other investments and the unwinding over time of the discount on financial assets. Interest income is recognised using the effective interest method 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 as part of income from other economic flows in the net result or as unrealised gains and losses taken directly to equity, forming part of the total change in net worth in the comprehensive result.

Trust incomeTrust income received for a specific purpose is deferred and recognised progressively in the comprehensive operating statement in the period in which conditions relating to the payment of the funds to third parties have been met. Major trusts include the Regional Growth Fund.

All other trust income is recognised in the comprehensive operating statement when it is earned by the department and any unapplied amounts as at the end of the reporting period are recognised in the balance sheet under other liabilities until the associated expenditure is incurred. Accordingly, the department recognises current and non current unearned revenue based on the timing of the estimated future payments to be made.

GrantsIncome from grants (other than contribution by owners) is recognised when the department gains control over the assets.

Where such grants are payable into the consolidated fund, they are reported as administered income. For reciprocal grants (i.e. equal value is given back by the department to the provider), the department is deemed to have assumed control when the department has satisfied its performance obligations under the terms of the grant. For non reciprocal grants, the department 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.


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Fair value of assets and services received free of charge or for nominal considerationContributions 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 incomeOther income includes trust income, property rental, and land development sales for the Kew Residential Services Project.

Under the Kew Residential Developer Agreement the department, through MPV, is the proprietor for all building lot sales and as such reports the proceeds from sales as well as the costs of the development.

(K) EXPENSES FROM TRANSACTIONSExpenses from transactions are recognised as they are incurred, and reported in the financial year to which they relate.

Grants and other transfersGrants and other transfers to third parties 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 including but not limited to Tourism Victoria and Film Victoria.

Employee expensesRefer to the section in Note 1(R) regarding employee benefits.

These expenses include all costs related to employment (other than superannuation which is accounted for separately) including wages and salaries, fringe benefits tax, leave entitlements, redundancy payments, and WorkCover premiums.

Superannuation – state superannuation defined benefit plans

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 DTF in their Annual Financial Statements, disclose on behalf of the state as the sponsoring employer, the net defined benefit cost 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.

Depreciation and amortisationAll infrastructure assets, buildings, plant and equipment, and other non-financial physical assets (excluding items under operating leases, assets held-for-sale, land and investment properties) that have finite useful lives are depreciated or amortised. 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. Refer to Note 1(Q) for the depreciation policy for leasehold improvements.

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

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

Asset class Useful life

2014 2013

Buildings 33 to 50 33 to 50

Buildings leasehold 150 150

Infrastructure 90 90

Leasehold improvements 8 to 15 8 to 15

Plant and equipment 3 to 10 3 to 10

Intangible produced assets – software development 1 to 5 1 to 5

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


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Intangible 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 (i.e. when it is in the location and condition necessary for it to be capable of operating in the manner intended by management).

Intangible assets with indefinite useful lives are not amortised, but are treated annually for impairment.

The intangible asset, refer Note 13, is a deferred expense primarily relating to the development of Parkville Gardens, internal software development, and the Resource Rights Allocation and Management (RRAM) system, transferred as part of the Machinery of Government change that took effect on 1 July 2013. The value for the development of Parkville Gardens is progressively recognised (expensed) in line with the sale of properties within the site and is tested for impairment every 12 months, and RRAM’s is amortised over the life of the software.

Interest expenseInterest expenses are recognised in the period in which they are incurred and mainly relate to finance lease interest charges. Refer to Glossary of terms and style conventions in Note 34 for an explanation of interest expense items.

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

Other operating expensesOther operating expenses generally represent the day-to-day running costs incurred in normal operations and include:

Supplies and services

Supplies and services 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(O) Impairment of financial assets.


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 by the transferee 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 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 purchased if not donated.

(L) OTHER ECONOMIC FLOWS INCLUDED IN NET RESULT

Other economic flows measure the change in volume or value of assets or liabilities that do not result from transactions. These include:

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

Revaluation gains/(losses) of non-financial physical assets

Refer to Note 1(Q) Revaluations of non-financial physical assets.

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 from the proceeds the carrying value of the asset at that time.

Amortisation of non-produced intangible assets

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

Gain/(Loss) arising from transactions in foreign exchange

Refer to Note 1(V) Foreign Currency.


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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 non-financial assets are assessed annually for indications of impairment, except for:

> non-financial physical assets held for sale, refer Note 11

> inventories, refer Note 8.

If there is an indication of impairment, the assets concerned are tested as to whether their carrying amount exceeds their recoverable amount. Where an asset’s carrying amount 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 account applicable to that class of asset.

If there is an indication that there has been a change 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 reversal of the impairment loss occurs 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 has been recognised in prior years.

It is deemed that, in the event of the loss 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 fair value less costs to sell. This is due to the fact most assets held by the department are not primarily used for cash generating purposes, and in the event of their loss, the future economic benefits arising from the use of the asset will be replaced unless a specific decision to the contrary has been made. Recoverable amount for assets held primarily to generate net cash inflows is measured at the higher of the present value of future cash flows expected to be obtained from the asset and fair value less costs to sell.

Refer to Note 1(Q) in relation to the recognition and measurement of non-financial assets.

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(N)); and

> disposals of financial assets and derecognition of financial liabilities.

Revaluations of financial instruments at fair value

Refer to Note 1(N) Financial Instruments.

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

> the revaluation of the present value of the long service leave liability due to changes in bond interest rates; and

> transfer of amounts from the reserves to accumulated surplus or net result due to disposal or derecognition or reclassification.

(M) ADMINISTERED INCOME

Grants from the Commonwealth Government and other jurisdictionsThe department’s administered grants mainly comprise funds provided by the Commonwealth to assist the State Government in meeting general or specific service 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. The department also receives grants for on-passing to other jurisdictions. The department does not have control over these grants, and the income is not recognised in the department’s financial statements. Administered grants are disclosed in the Schedule of Administered items in Note 3.


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(N) FINANCIAL INSTRUMENTS Financial 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 the department’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. However, guarantees issued by the Treasurer on behalf of the department are financial instruments because, although authorised under statute, the terms and conditions for each financial guarantee may vary and are subject to an agreement.

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

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 effective interest method, less any impairment.

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

Financial liabilities at amortised costFinancial instrument liabilities are initially recognised on the date they are originated. They are initially measured at fair value plus any directly


attributable 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 effective interest rate method, refer Note 34.

Financial instrument liabilities measured at amortised cost include all of the department’s contractual payables, deposits held and advances received, and interest-bearing arrangements other than those designated at fair value through profit and 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.


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(O) FINANCIAL ASSETS

Cash and depositsCash and deposits recognised on the balance sheet comprise cash equivalents, cash on hand and cash at bank, deposits at call and 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 which are readily convertible to known amounts of cash and are subject to insignificant risk of changes in value.

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

ReceivablesReceivables consist of:

> contractual receivables, such as debtors in relation to goods and services, loans to third parties, accrued investment income, and finance lease receivables (refer to Note 1(P) Leases); 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(N) Financial Instruments for recognition and measurement). Statutory receivables, are recognised and measured similarly to contractual receivables (except for impairment), 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 the measurement principle of receivables, refer to Note 1(N).

Investments and other financial assetsInvestments are classified in the following categories:

> financial assets at fair value through profit or loss

> loans and receivables

> held-to-maturity; and

> available-for-sale financial assets.

The classification depends on the purpose for which the investments were acquired. Management determines the classification of its investments at initial recognition.

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

Derecognition of financial assetsA 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

> the department 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

> the department has transferred its rights to receive cash flows from the asset and either:

> has transferred substantially all the risks and rewards of the asset; or

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

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


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Impairment of financial assetsAt the end of each reporting period, the department 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 and 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.

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

(P) 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 leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

Finance leases

Department as lessor

Amounts due from lessees under finance leases are recorded as receivables. Finance lease receivables are initially recorded at amounts equal to the present value of the minimum lease payments receivable plus the present value of any unguaranteed residual value expected to accrue at the end of the lease term. Finance lease receipts are apportioned between periodic interest income and reduction of the lease receivable over the term of the lease in order to reflect a constant periodic rate of return on the net investment outstanding in respect of the lease.


Department 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 leased asset is accounted for as a non-financial physical asset and depreciated over the shorter of the estimated useful life of the asset or the term of the lease.

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

Department as lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.

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 given to the lessee, the aggregate cost of incentives are recognised as a reduction of rental income over the lease term on a straight-line basis, unless another systematic basis is more representative of the time pattern in which economic benefits of the leased asset is diminished.

Department 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.


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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 of the leased asset are consumed.

(Q) NON-FINANCIAL ASSETS

InventoriesInventories 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 assetsNon-financial physical assets (including disposal group assets) are treated as current assets 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; and

> the sale is highly probable and the asset’s sale is expected to be completed in twelve 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 to sell, and are not subject to depreciation or amortisation.

Property, plant and equipmentAll 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.

The initial cost for non-financial physical assets under a finance lease (refer to Note 1(P)) 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 crown land are measured at fair value with regard to the property’s highest and best use after due consideration is made for any legal or constructive 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 uses. The fair value of heritage assets, and other non-financial physical


03 FINANCIAL REPORT

assets (including crown land and infrastructure assets) that the department intends to preserve because of their unique attributes, is measured at the replacement cost of the asset less, where applicable, accumulated depreciation (calculated on the basis of such cost to reflect the already consumed or expired future economic benefits of the asset) and any accumulated impairment. These policies and any legislative limitations and restrictions imposed on their use and/or disposal may impact their fair value.

The fair value of infrastructure assets and plant, equipment and vehicles, is normally determined by reference to the asset’s depreciated replacement cost, or where the infrastructure is held by a for-profit entity, the fair value may be derived from estimates of the present value of future cash flows. For plant, equipment and vehicles, existing depreciated historical cost is generally a reasonable proxy for depreciated replacement cost because of the short lives of the assets concerned.

Certain assets are acquired under finance leases, which may form part of a service concession arrangement. Refer to Notes 1(P) Leases and 1(S) 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.

For the accounting policy on impairment of non-financial physical assets, refer to impairment of non-financial assets under Note 1(L) Impairment of non-financial assets.

Leasehold improvementsThe cost of a leasehold improvement is capitalised as an asset and amortised over the shorter of the remaining term of the lease or the estimated useful life of the improvements.


Revaluations of non-financial physical assets Non-financial physical assets are measured at fair value on a cyclical basis, in accordance with the Financial Reporting Directions (FRDs) issued by the Minister for Finance. 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.

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.


03 FINANCIAL

REPORT

Intangible assetsIntangible assets are initially recognised at cost. Subsequently, intangible assets with finite useful lives are carried at cost less accumulated depreciation/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 the department.

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(K) Depreciation, Amortisation of non-produced intangible assets and Note 1(L) 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 generate probable 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; and

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

Other non-financial assets

Prepayments

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

(R) LIABILITIES

PayablesPayables consist of:

> contractual payables, such as accounts payable, and unearned income including deferred income. Accounts payable represent liabilities for goods and services provided to the department as at the end of the financial year that are unpaid, and arise when the department becomes obliged to make future payments in respect of the purchase of those goods and services; and

> statutory payables, such as GST and fringe benefits tax payables.

Contractual payables are classified as financial instruments and categorised as financial liabilities at amortised cost, refer Note 1(N). 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.

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

Financial guaranteesPayments that are contingent under 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.


03 FINANCIAL REPORT


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 22 Contingent assets and contingent 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.

ProvisionsProvisions are recognised when the department 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 settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows, 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 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 benefitsProvision is made for benefits accruing to employees in respect of wages and salaries, annual leave and long service leave for services rendered to the reporting date.

(i) Salaries and wages, annual leave and sick leave

Liabilities for salaries and wages, including non-monetary benefits and annual leave, are recognised in the provision for employee benefits as ‘current liabilities’, because the department does not have an unconditional right to defer settlements of the liabilities. Those liabilities which are expected to be settled within twelve months of the reporting period, are measured at their nominal values. Those liabilities that are not expected to be settled within twelve months are also recognised in the provision for employee benefits as current liabilities, but are measured at present value of the amounts expected to be paid when the liabilities are settled using the remuneration rate expected to apply at the time of settlement.

(ii) Long service leaveLiability 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 the department does not expect to settle the liability within twelve months because it will not have the unconditional right to defer the settlement of the entitlement should an employee take leave within twelve months.

The components of this current LSL liability are measured at:

> undiscounted value – if the department expects to settle within twelve months; and

> present value – if the department does not expect to settle within twelve 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.


03 FINANCIAL

REPORT

Any gain or loss following revaluation of the present value of non-current LSL liability is recognised as a transaction, except to the extent that a gain or loss arises due to changes in bond interest rates for which it is then recognised as an other economic flow (refer to Note 1(L)).

(iii) Termination benefitsTermination benefits are payable when employment is terminated before the normal retirement date, or when an employee accepts voluntary redundancy in exchange for these benefits. The department 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 twelve months after the end of the reporting period are discounted to present value.

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

(S) COMMITMENTSCommitments for future expenditure include operating and capital commitments arising from contracts. These commitments are disclosed by way of a note (refer to Note 21 Commitments for expenditure) at their nominal value and exclusive 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.

(T) 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 Note 22 Contingent assets and contingent liabilities) and, if quantifiable, are measured at nominal value. Contingent assets and liabilities are presented exclusive of GST receivable or payable respectively.

(U) EQUITY

Contributions by ownersAdditions 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 to owners.

(V) 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 and accumulated in a separate component of equity, in the period in which they arise.

(W) AASs ISSUED THAT ARE NOT YET EFFECTIVE

Certain new AASs have been published that are not mandatory for 30 June 2014 reporting period. DTF assesses the impact of all these new standards and advises department of their applicability and early adoption where applicable. In addition the Department of State Development, Business and Innovation undertakes a detailed assessment of the impact on its operations of transitional AAS.

As at 30 June 2014, the following AASs have been issued by the AASB but not yet effective. They become effective for the first financial statements for reporting periods commencing after the stated operative dates as follows:


03 FINANCIAL REPORT

STANDARD / INTERPRETATION

SUMMARY APPLICABLE FOR ANNUAL REPORTING PERIODS BEGINNING ON

IMPACT ON DEPARTMENTAL FINANCIAL STATEMENTS

AASB 9 Financial Instruments

The Standard simplifies requirements for the classification and measurement of financial assets resulting from Phase 1 of the International Accounting Standards Board’s (IASB) project to replace IAS 39 Financial Instruments: recognition and measurement (AASB 139 financial instruments: recognition and measurement).

Beginning 1 January 2017

No material impact on the department

AASB 10 Consolidated Financial Statements

This Standard applies to both for-profit and not-for-profit entities. However, prior to the 1 January 2013 mandatory application date of this Standard, the AASB will consider whether this Standard should be modified for application by not-for-profit entities. Not-for-profit entities are not permitted to apply this Standard prior to the mandatory application date.



AASB 11 Joint Arrangements

This standard requires entities that have an interest in arrangements that are controlled jointly to assess whether the arrangement is a joint operation or joint venture. AASB 11 shall be applied for an arrangement that is a joint operation. It also replaces parts of requirements in AASB 131 Interests in Joint Ventures.



AASB 12 Disclosure of Interests in Other Entities

This Standard requires disclosure of information that enables users of financial statements to evaluate the nature of, and risks associated with interests in other entities and the effects of those interests on the financial statements.



AASB 127 Separate Financial Statements

This revised Standard prescribes the accounting and disclosure requirements for investments in subsidiaries, joint ventures and associates when an entity prepares separate financial statements.



AASB 128 Investments in Associates and Joint Ventures

This revised Standard sets out the requirements for the application of the equity method when accounting for investments in associates and joint ventures.



AASB 1055 Budgetary Reporting

This Standard sets out budgetary reporting requirements for not-for-profit entities within the General Government Sector, and, together with AASB 2013-1 Amendments to AASB 1049 – Relocation of Budgetary Reporting Requirements, relocates the corresponding budgetary reporting requirements from AASB 1049.

Beginning 1 July 2014


AASB 1056 Superannuation Entities

This Standard replaces AAS 25 Financial Reporting by Superannuation Plans. Beginning 1 July 2016


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

This Standard addresses consequential amendments in relation to the introduction of AASB 9.



AASB 2011-7 Amendments to Australian Accounting Standards arising from the Consolidation and Joint Arrangements Standards

This Standard is applicable only when AASB 10, 11, 12, 127 and 128 are applied. Some amendments will result in accounting changes for presentation, recognition or measurement purposes, while other amendments will relate to terminology and editorial changes.



AASB 2012-3 Amendments to Australian Accounting Standards – Offsetting Financial Assets and Financial Liabilities (AASB 132)

This Standard adds application guidance to AASB 132 to address inconsistencies identified in applying some of the offsetting criteria of AASB 132, including clarifying the meaning of “currently has a legally enforceable right of set-off” and that some gross settlement systems may be considered equivalent to net settlement.



AASB 2013-1 Amendments to AASB 1049 – Relocation of Budgetary Reporting Requirements

This Standard makes amendments to AASB 1049 to remove the requirements relating to the disclosure of budgetary information specified in that Standard for whole of Governments and GGSs, as a consequence of the issuance of AASB 1055 Budgetary Reporting.



AASB 2013-3 Amendments to AASB 136 – Recoverable Amount Disclosures for Non-Financial Assets

This Standard amends the disclosure requirements in AASB 136. The amendments include the requirement to disclose additional information about the fair value measurement when the recoverable amount of impaired assets is based on fair value less costs of disposal. In addition, a further requirement has been included to disclose the discount rates that have been used in the current and previous measurements if the recoverable amount of impaired assets based on fair value less costs of disposal was measured using a present value technique. The intention of this amendment is to harmonise the disclosure requirements for fair value less costs of disposal and value in use when present value techniques are used to measure the recoverable amount of impaired assets.





03 FINANCIAL

REPORT

STANDARD / INTERPRETATION

SUMMARY APPLICABLE FOR ANNUAL REPORTING PERIODS BEGINNING ON

IMPACT ON DEPARTMENTAL FINANCIAL STATEMENTS

AASB 2013-4 Amendments to Australian Accounting Standards – Novation of Derivatives and Continuation of hedge Accounting

This Standard makes amendments to AASB 139 to permit the continuation of hedge accounting in circumstances where a derivative, which has been designated as a hedging instrument, is novated from one counterparty to a central counterparty as a consequence of laws or regulations.



AASB 2013-5 Amendments to Australian Accounting Standards – Investment Entities [AASB 1, AASB 3, AASB 7, AASB 10, AASB 12, AASB 107, AASB 112, AASB 124, AASB 127, AASB 132, AASB 134 & AASB 139]

The Standard amendments define an investment entity and require that, with limited exceptions, an investment entity not consolidate its subsidiaries or apply AASB 3 Business Combinations when it obtains control of another entity. These amendments require an investment entity to measure unconsolidated subsidiaries at fair value through profit or loss in accordance with AASB 9 Financial Instruments in its consolidated and separate financial statements.

The amendments also introduce new disclosure requirements for investment entities to AASB 2 Disclosure of Interests in Other Entities and AASB 127 Separate Financial Statements.



AASB 2013-6 Amendments AASB 136 arising from Reduced Disclosure Requirements

This Standard amends the AAS – Reduced Disclosure Requirements for AASB 136 Impairment of Assets. AASB 1053 provides further information regarding the differential reporting framework and the two tiers of reporting requirements for preparing general purpose financial statements.



AASB 2013-7 Amendments to AASB 1038 arising from AASB 10 in relation to consolidation and interests of policyholders [AASB 1038]

This Standard removes the specific requirements in relation to consolidation from AASB 1038 (in particular, paragraphs 1.1.1, 4.1, 4.1.1, and 4.2 – 4.2.2), which leaves AASB 10 as the sole source for consolidation requirements applicable to life insurer entities.



AASB 2013-8 Amendments to Australian Accounting Standards – Australian Implementation Guidance for Not-for-Profit Entities – Control and Structured Entities [AASB 10, AASB 12 & AASB 1049]

The Standard amendments to AASB 10 add Appendix E Australian Implementation Guidance for Not-for-Profit Entities as an integral part of the Standard. The appendix explains various principles in AASB 10 regarding the criteria for determining whether one entity controls another entity from the perspective of not-for-profit entities, and illustrates the principles with examples.



AASB 2013-9 Amendments to Australian Accounting Standards – Conceptual framework, Materiality and Financial Instruments (Operative dates: Part A Conceptual Framework – 20 December 2013; Part B Materiality – 1 January 2014; and Part C Financial Instruments – 1 January 2015)

The Standard Part A makes various editorial corrections to AAS. It updates references to the Framework in a manner that is consistent with the amendments made by the IASB in its corresponding pronouncements. This includes, to be consistent with the AASB’s IFRS adoption policy, retaining references to specific superseded paragraphs of the Framework in Accounting Standards and Interpretations where the IASB has not yet updated the corresponding reference in the body of its pronouncements.

Beginning 1 January 2014 and 1 January 2015


AASB 2014-2 Amendments to AASB 1053 – Transition to and between Tiers, and related Tier 2 Disclosure Requirements (AASB 1053)

This Standard amends AASB 1053 to:

(a) clarify that AASB 1053 only applies to general purpose financial statements;

(b) make AASB 1053 consistent with the availability of the option under AASB 1 First-time Adoption of AAS to apply AAS retrospectively in accordance with AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors;

(c) clarify certain circumstances in which entities resuming Tier 2 reporting requirements can apply the AASB 108 option in AASB 1;

(d) permit an entity applying Tier 2 reporting requirements for the first time.



AASB Interpretation 21 Levies

This Interpretation clarifies the circumstances under which a liability to pay a levy imposed by a Government should be recognised, and whether that liability should be recognised in full at a specific date or progressively over a period of time.




03 FINANCIAL REPORT

A description of each output group of the department during the year ended 30 June 2014, together with the objectives of each output group are summarised below.

INVESTMENT ATTRACTION, FACILITATION AND MAJOR PROJECTS

Output descriptionProvides investment attraction and facilitation assistance to attract new international investment and encourage additional investment by companies already operating in Victoria. In addition it also supports an increased share of national business investment in Victoria through the management and delivery of nominated development projects.

ObjectivesProvide market intelligence and assistance to organisations to make it easy to invest in Victoria.

REGIONAL DEVELOPMENT AND REGIONAL CITIES

Output descriptionGuides the development and implementation of regional plans and strategies to manage growth and change in regional and rural Victoria. Provides for better infrastructure, facilities and services to strengthen the economic base of communities and to create jobs and improve career opportunities for regional Victorians.


ENERGY AND RESOURCES

Output descriptionDevelops policy frameworks and delivers programs to: ensure that consumers benefit from competitive, efficient, reliable and safe energy services; facilitate investment in coal, gas, renewable energy, targeted mineral resources; responsibly manage and support access to earth resources for current and future use; and, support, technological development within these sectors.


Create more opportunities for businesses to grow and become more productive and competitive in the global market place.

SMALL BUSINESS ASSISTANCE

Output descriptionProvide business information, advisory and referral services that contribute to the growth and development of small and medium sized enterprises across Victoria.

ObjectivesCreate more opportunities for businesses to grow and become more productive and competitive in the global market place.

NOTE 2. DEPARTMENTAL (CONTROLLED) OUTPUTS


03 FINANCIAL

REPORT

TRADE AND EXPORT FACILITATION

Output descriptionPromotes business growth opportunities by providing development assistance and facilitation services to support increased productivity and competitiveness.

ObjectivesCreate more opportunities for businesses to grow and become more productive and competitive in the global market place.

INNOVATION AND TECHNOLOGY

Output descriptionSupports innovation by providing access to information and building capacity for the development and effective use of new practices and technologies to support increased productivity and competitiveness in Victoria.

ObjectivesSupport organisations and Government to boost their productivity through innovation.

TOURISM AND MARKETINGOutput description

Facilitates employment and long-term economic benefits of tourism, investment and international students coming to Victoria by positioning and marketing the state as a competitive tourism, investment and study destination.

Objectives Promote Victoria to attract tourists, investors and students.

EMPLOYMENT

Output description Provides programs to link business workforce needs with skilled migration and untapped labour sources to meet Victoria’s skills requirements.

Objectives Assist businesses in accessing skilled workers to align with Victoria’s industry needs.


03 FINANCIAL REPORT

NOTE 2. DEPARTMENTAL (CONTROLLED) OUTPUTS (CONTINUED)

Schedule A – Controlled income and expenses for the year ended 30 June 2014



TOURISM AND MARKETING

EMPLOYMENT REGIONAL DEVELOPMENT & REGIONAL CITIES

ENERGY & RESOURCES INVESTMENT ATTRACTION, FACILITATION AND MAJOR PROJECTS


DEPARTMENTAL TOTAL

2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013

$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Continuing operations


Output appropriations 31,909 33,743 165,224 149,753 77,043 74,034 10,904 14,318 59,329 – 90,905 – 113,117 135,543 27,793 30,741 576,223 438,132

Regional Growth Fund appropriations – – – – – – – – 136,000 – – – – – – – 136,000 –

Interest – – 21 91 – (0) – – 5,016 – – – 276 519 – – 5,312 611

Grants – – 2,000 6,300 74,268 74,755 – 440 7,740 – – – (0) 2,000 – – 84,008 83,495

Other income 1,113 195 1,071 3,022 375 58 67 565 3,687 – 22,137 – 110,247 93,083 746 1,730 139,444 98,654

Total Income from transactions 33,022 33,938 168,316 159,166 151,685 148,847 10,971 15,323 211,771 – 113,042 – 223,639 231,145 28,539 32,471 940,987 620,892

Expenses from transactions

Employee expenses (7,471) (8,608) (15,677) (17,966) (7,974) (8,069) (3,094) (5,476) (21,796) – (25,467) – (25,373) (28,042) (8,935) (10,111) (115,787) (78,271)

Depreciation and amortisation (456) (186) (1,441) (939) (581) (446) (122) (90) (1,084) – (1,666) – (2,777) (2,152) (615) (246) (8,743) (4,060)

Interest expense (16) (7) (49) (9) (20) (6) (4) (4) (47) – (79) – (43) (14) (22) (7) (280) (47)

Grants and other transfers (11,488) (7,312) (97,234) (89,522) (131,446) (126,526) (4,389) (5,816) (155,191) – (27,020) – (54,987) (79,153) (2,892) (1,951) (484,647) (310,279)

Capital asset charge (222) (159) (3,170) (3,363) (1,529) (1,705) (59) (81) (527) – (810) – (3,185) (3,961) (299) (222) (9,801) (9,491)

Other operating expenses (13,971) (15,263) (26,007) (24,953) (10,055) (14,541) (3,516) (4,913) (17,164) – (42,762) – (152,950) (124,098) (16,461) (20,172) (282,883) (203,940)

Total expenses from transactions (33,624) (31,534) (143,578) (136,751) (151,605) (151,293) (11,184) (16,380) (195,808) – (97,804) – (239,316) (237,421) (29,224) (32,709) (902,142) (606,088)

Net result from transactions (net operating balance) (602) 2,404 24,738 22,415 81 (2,446) (213) (1,057) 15,963 – 15,238 – (15,676) (6,275) (685) (238) 38,846 14,804

Other economic flows included in net result

Net gain/(loss) on non-financial assets 7 2 23 (729) 9 (1) 2 0 17 – 26 – (4,944) (3,234) 10 75 (4,850) (3,887)

Net gain/(loss) on financial instruments (3) 2 (9) 10 (1) 5 (1) (26) (6) – (8) – (8) 7 (4) 3 (40) –

Other gains/(losses) from other economic flows (2) 7 (6) 35 (3) 17 (1) 3 (5) – (7) – (6) 22 (3) 9 (32) 93

Total other economic flows included in net result 2 10 8 (684) 5 20 – (23) 6 – 11 – (4,958) (3,205) 3 87 (4,922) (3,794)

Net result (600) 2,415 24,746 21,731 86 (2,426) (213) (1,080) 15,969 – 15,247 – (20,634) (9,480) (681) (151) 33,924 11,010

Other economic flows – other comprehensive income

Items that will not be reclassified to net result

Transfer of asset revaluation surplus to accumulated surplus – – – – – – – – – – – – 5,320 – – – 5,320 –

Changes in physical asset revaluation surplus – – – – – – – – – – – – (5,320) – – – (5,320) –

Total other economic flows – other comprehensive income – – – – – – – – – – – – – – – – – –

Comprehensive result (600) 2,415 24,746 21,731 86 (2,426) (213) (1,080) 15,969 – 15,247 – (20,634) (9,480) (681) (151) 33,924 11,010


03 FINANCIAL

REPORT

Schedule A – Controlled income and expenses for the year ended 30 June 2014







DEPARTMENTAL TOTAL

2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013

$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Continuing operations


Output appropriations 31,909 33,743 165,224 149,753 77,043 74,034 10,904 14,318 59,329 – 90,905 – 113,117 135,543 27,793 30,741 576,223 438,132

Regional Growth Fund appropriations – – – – – – – – 136,000 – – – – – – – 136,000 –

Interest – – 21 91 – (0) – – 5,016 – – – 276 519 – – 5,312 611

Grants – – 2,000 6,300 74,268 74,755 – 440 7,740 – – – (0) 2,000 – – 84,008 83,495

Other income 1,113 195 1,071 3,022 375 58 67 565 3,687 – 22,137 – 110,247 93,083 746 1,730 139,444 98,654

Total Income from transactions 33,022 33,938 168,316 159,166 151,685 148,847 10,971 15,323 211,771 – 113,042 – 223,639 231,145 28,539 32,471 940,987 620,892

Expenses from transactions

Employee expenses (7,471) (8,608) (15,677) (17,966) (7,974) (8,069) (3,094) (5,476) (21,796) – (25,467) – (25,373) (28,042) (8,935) (10,111) (115,787) (78,271)

Depreciation and amortisation (456) (186) (1,441) (939) (581) (446) (122) (90) (1,084) – (1,666) – (2,777) (2,152) (615) (246) (8,743) (4,060)

Interest expense (16) (7) (49) (9) (20) (6) (4) (4) (47) – (79) – (43) (14) (22) (7) (280) (47)

Grants and other transfers (11,488) (7,312) (97,234) (89,522) (131,446) (126,526) (4,389) (5,816) (155,191) – (27,020) – (54,987) (79,153) (2,892) (1,951) (484,647) (310,279)

Capital asset charge (222) (159) (3,170) (3,363) (1,529) (1,705) (59) (81) (527) – (810) – (3,185) (3,961) (299) (222) (9,801) (9,491)

Other operating expenses (13,971) (15,263) (26,007) (24,953) (10,055) (14,541) (3,516) (4,913) (17,164) – (42,762) – (152,950) (124,098) (16,461) (20,172) (282,883) (203,940)

Total expenses from transactions (33,624) (31,534) (143,578) (136,751) (151,605) (151,293) (11,184) (16,380) (195,808) – (97,804) – (239,316) (237,421) (29,224) (32,709) (902,142) (606,088)

Net result from transactions (net operating balance) (602) 2,404 24,738 22,415 81 (2,446) (213) (1,057) 15,963 – 15,238 – (15,676) (6,275) (685) (238) 38,846 14,804

Other economic flows included in net result

Net gain/(loss) on non-financial assets 7 2 23 (729) 9 (1) 2 0 17 – 26 – (4,944) (3,234) 10 75 (4,850) (3,887)

Net gain/(loss) on financial instruments (3) 2 (9) 10 (1) 5 (1) (26) (6) – (8) – (8) 7 (4) 3 (40) –

Other gains/(losses) from other economic flows (2) 7 (6) 35 (3) 17 (1) 3 (5) – (7) – (6) 22 (3) 9 (32) 93

Total other economic flows included in net result 2 10 8 (684) 5 20 – (23) 6 – 11 – (4,958) (3,205) 3 87 (4,922) (3,794)

Net result (600) 2,415 24,746 21,731 86 (2,426) (213) (1,080) 15,969 – 15,247 – (20,634) (9,480) (681) (151) 33,924 11,010

Other economic flows – other comprehensive income

Items that will not be reclassified to net result

Transfer of asset revaluation surplus to accumulated surplus – – – – – – – – – – – – 5,320 – – – 5,320 –

Changes in physical asset revaluation surplus – – – – – – – – – – – – (5,320) – – – (5,320) –

Total other economic flows – other comprehensive income – – – – – – – – – – – – – – – – – –

Comprehensive result (600) 2,415 24,746 21,731 86 (2,426) (213) (1,080) 15,969 – 15,247 – (20,634) (9,480) (681) (151) 33,924 11,010


03 FINANCIAL REPORT

NOTE 2. DEPARTMENTAL (CONTROLLED) OUTPUTS (CONTINUED)

Schedule B – Controlled assets and liabilities as at 30 June 2014







DEPARTMENTAL TOTAL

2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013

$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Assets

Financial assets 17,066 9,844 101,958 69,669 11,726 24,160 7,243 5,475 266,119 – 47,888 – 84,029 78,481 15,992 15,226 552,021 202,855

Non-financial assets 5,359 5,621 35,913 29,287 31,241 19,390 1,429 2,886 14,735 – 19,595 – 528,804 547,216 5,233 7,884 642,309 612,284

Total Assets 22,425 15,465 137,871 98,956 42,967 43,550 8,672 8,361 280,854 – 67,483 – 612,833 625,697 21,225 23,110 1,194,330 815,139

Total Liabilities (5,395) (2,934) (16,057) (18,547) (11,493) (13,748) (1,266) (289) (23,484) – (21,228) – (53,129) (44,919) (6,804) (4,312) (138,856) (84,749)

Net Assets 17,030 12,531 121,814 80,409 31,474 29,802 7,407 8,072 (257,370) – 46,256 – 559,704 580,778 14,421 18,798 1,055,474 730,390







DEPARTMENTAL TOTAL

2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013

$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Administered financial assets

Appropriations - payments made on behalf of the state – – – – 60,878 59,000 – – – – – – – – – – 60,878 59,000

Sale of goods and services (1) 7 1,063 1,054 2,092 2,104 – 2 393 – 276 – (4) 16,014 (2) 3 3,817 19,184

Regulatory fees, fines, leases and licences – – – – – – – – – – 5,177 – – – – – 5,177 –

Royalties – – – – – – – – – – 51,997 – – – – – 51,997 –

Interest – – – – 10,404 16,837 – – – – 42 – – – – – 10,446 16,837

Commonwealth grants – – – – – – – – – – – – 357 1,078 – – 357 1,078

Total administered Income from transactions (1) 7 1,063 1,054 73,374 77,941 – 2 393 – 57,492 – 353 17,092 (2) 3 132,672 96,099

Administered expenses from transactions

Payments into Consolidated Fund – – (2,266) (5,347) (8,354) (7,692) – – (396) – (57,527) – (21,107) (30,215) – – (89,650) (43,254)

Bad debts – – – (66) – – – – – – – – – – – – – (66)

Other operating expenses – – – – (20,207) (18,391) – – – – – – (12,509) – – – (32,716) (18,391)

Interest expense – – – – (40,671) (40,609) – – – – – – – – – – (40,671) (40,609)

Total administered expenses from transactions – – (2,266) (5,413) (69,232) (66,692) – – (396) – (57,527) – (33,616) (30,215) – – (163,037) (102,320)

Total administered net result from transactions (net operating balance)

(1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (35) – (33,263) (13,123) (2) 3 (30,365) (6,221)

Administered other economic flows included in administered net result

Net gain/(loss) on non-financial assets – – – – – – – – – – – – 20,721 13,325 – – 20,721 13,325

Net gain/(loss) on financial instruments – – – – – – – – – – 12 – – – – – 12 –

Total administered other economic flows – – – – – – – – – – 12 – 20,721 13,325 – – 20,733 13,325

Administered net result (1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (23) – (12,542) 202 (2) 3 (9,632) 7,104

Total administered comprehensive result (1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (23) – (12,542) 202 (2) 3 (9,632) 7,104

NOTE 3. ADMINISTERED (NON-CONTROLLED) ITEMS

In addition to the specific departmental operations which are included in the financial statements (comprehensive operating statement, balance sheet, statement of changes on 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 Notes 1(E) and 1(F)).


03 FINANCIAL

REPORT

Schedule B – Controlled assets and liabilities as at 30 June 2014







DEPARTMENTAL TOTAL

2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013

$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Assets

Financial assets 17,066 9,844 101,958 69,669 11,726 24,160 7,243 5,475 266,119 – 47,888 – 84,029 78,481 15,992 15,226 552,021 202,855

Non-financial assets 5,359 5,621 35,913 29,287 31,241 19,390 1,429 2,886 14,735 – 19,595 – 528,804 547,216 5,233 7,884 642,309 612,284

Total Assets 22,425 15,465 137,871 98,956 42,967 43,550 8,672 8,361 280,854 – 67,483 – 612,833 625,697 21,225 23,110 1,194,330 815,139

Total Liabilities (5,395) (2,934) (16,057) (18,547) (11,493) (13,748) (1,266) (289) (23,484) – (21,228) – (53,129) (44,919) (6,804) (4,312) (138,856) (84,749)

Net Assets 17,030 12,531 121,814 80,409 31,474 29,802 7,407 8,072 (257,370) – 46,256 – 559,704 580,778 14,421 18,798 1,055,474 730,390







DEPARTMENTAL TOTAL

2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013

$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000


Appropriations - payments made on behalf of the state – – – – 60,878 59,000 – – – – – – – – – – 60,878 59,000

Sale of goods and services (1) 7 1,063 1,054 2,092 2,104 – 2 393 – 276 – (4) 16,014 (2) 3 3,817 19,184

Regulatory fees, fines, leases and licences – – – – – – – – – – 5,177 – – – – – 5,177 –

Royalties – – – – – – – – – – 51,997 – – – – – 51,997 –

Interest – – – – 10,404 16,837 – – – – 42 – – – – – 10,446 16,837

Commonwealth grants – – – – – – – – – – – – 357 1,078 – – 357 1,078

Total administered Income from transactions (1) 7 1,063 1,054 73,374 77,941 – 2 393 – 57,492 – 353 17,092 (2) 3 132,672 96,099

Administered expenses from transactions

Payments into Consolidated Fund – – (2,266) (5,347) (8,354) (7,692) – – (396) – (57,527) – (21,107) (30,215) – – (89,650) (43,254)

Bad debts – – – (66) – – – – – – – – – – – – – (66)

Other operating expenses – – – – (20,207) (18,391) – – – – – – (12,509) – – – (32,716) (18,391)

Interest expense – – – – (40,671) (40,609) – – – – – – – – – – (40,671) (40,609)

Total administered expenses from transactions – – (2,266) (5,413) (69,232) (66,692) – – (396) – (57,527) – (33,616) (30,215) – – (163,037) (102,320)

Total administered net result from transactions (net operating balance)

(1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (35) – (33,263) (13,123) (2) 3 (30,365) (6,221)

Administered other economic flows included in administered net result

Net gain/(loss) on non-financial assets – – – – – – – – – – – – 20,721 13,325 – – 20,721 13,325

Net gain/(loss) on financial instruments – – – – – – – – – – 12 – – – – – 12 –

Total administered other economic flows – – – – – – – – – – 12 – 20,721 13,325 – – 20,733 13,325

Administered net result (1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (23) – (12,542) 202 (2) 3 (9,632) 7,104

Total administered comprehensive result (1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (23) – (12,542) 202 (2) 3 (9,632) 7,104


03 FINANCIAL REPORT

NOTE 3. ADMINISTERED (NON-CONTROLLED) ITEMS (CONTINUED)







DEPARTMENTAL TOTAL

2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013

$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000


Receivables – – 1,891 3,083 5,473 5,212 – – 321 – 50,536 – – – – – 58,221 8,295

Loans – – 6,035 6,035 279,646 277,597 – – – – – – – – – – 285,681 283,632

Investments – – 333,907 210,654 894,776 888,977 – – – – 6,727 – – – – – 1,235,410 1,099,631

Trust funds (14) (13) (37) (33) (20) (18) (5) (5) (3) – 584 – (30) (26) (8) (7) 467 (102)

Total administered financial assets (14) (13) 341,796 219,739 1,179,875 1,171,768 (5) (5) 318 – 57,847 – (30) (26) (8) (7) 1,579,779 1,391,456

Administered non-financial assets – – – – – – – – – – – – – – – – – –

Total administered non-financial assets – – – – – – – – – – – – – – – – – –

Total administered assets (14) (13) 341,796 219,739 1,179,875 1,171,768 (5) (5) 318 – 57,847 – (30) (26) (8) (7) 1,579,779 1,391,456

Administered liabilities

Creditors and accruals – – – – (16,128) (14,969) – – – – (147) – – – – – (16,275) (14,969)

Unearned income – – – – (69,882) (71,976) – – – – (1,260) – – – – – (71,142) (71,976)

Interest bearing liabilities – – – – (460,266) (461,103) – – – – – – – – – – (460,266) (461,103)

Total administered liabilities – – – – (546,276) (548,048) – – – – (1,407) – – – – – (547,683) (548,048)

Total administered net assets (14) (13) 341,796 219,739 633,599 623,720 (5) (5) 318 – 56,440 – (30) (26) (8) (7) 1,032,096 843,408

NOTE 4. INCOME FROM TRANSACTIONS

2014 2013

$’000 $’000

(a) Interest

Interest from financial assets not at fair value through P/L:

– Interest on bank deposits 5,312 611

Total interest 5,312 611

(b) Grants

Grants from State Government 84,008 83,495

Total grants 84,008 83,495

(c) Other income

Trust income 29,898 4,856

Rental income 113 127

Land development (Kew Residential Services Project) 100,877 85,913

Miscellaneous income 8,556 7,758

Total other income 139,444 98,654


03 FINANCIAL

REPORT







DEPARTMENTAL TOTAL

2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013

$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000


Receivables – – 1,891 3,083 5,473 5,212 – – 321 – 50,536 – – – – – 58,221 8,295

Loans – – 6,035 6,035 279,646 277,597 – – – – – – – – – – 285,681 283,632

Investments – – 333,907 210,654 894,776 888,977 – – – – 6,727 – – – – – 1,235,410 1,099,631

Trust funds (14) (13) (37) (33) (20) (18) (5) (5) (3) – 584 – (30) (26) (8) (7) 467 (102)

Total administered financial assets (14) (13) 341,796 219,739 1,179,875 1,171,768 (5) (5) 318 – 57,847 – (30) (26) (8) (7) 1,579,779 1,391,456

Administered non-financial assets – – – – – – – – – – – – – – – – – –

Total administered non-financial assets – – – – – – – – – – – – – – – – – –

Total administered assets (14) (13) 341,796 219,739 1,179,875 1,171,768 (5) (5) 318 – 57,847 – (30) (26) (8) (7) 1,579,779 1,391,456

Administered liabilities

Creditors and accruals – – – – (16,128) (14,969) – – – – (147) – – – – – (16,275) (14,969)

Unearned income – – – – (69,882) (71,976) – – – – (1,260) – – – – – (71,142) (71,976)

Interest bearing liabilities – – – – (460,266) (461,103) – – – – – – – – – – (460,266) (461,103)

Total administered liabilities – – – – (546,276) (548,048) – – – – (1,407) – – – – – (547,683) (548,048)

Total administered net assets (14) (13) 341,796 219,739 633,599 623,720 (5) (5) 318 – 56,440 – (30) (26) (8) (7) 1,032,096 843,408


03 FINANCIAL REPORT

NOTE 5. EXPENSES FROM TRANSACTIONS

2014 2013

$’000 $’000

(a) Employee expenses

Salaries, wages, and long service leave (115,787) (78,271)

Total employee expenses (115,787) (78,271)

(b) Depreciation and amortisation

Depreciation of non-current assets (4,712) (3,651)

Amortisation of non-current physical assets (1,341) (409)

Amortisation from internal development of intangible assets (2,690) –

Total depreciation and amortisation (8,743) (4,060)

(c) Interest expense

Interest on finance leases (280) (47)

Total interest expense (280) (47)

(d) Grants and other transfers by portfolio

Aviation (2,127) (50)

Employment and Trade (16,396) (15,378)

Energy and Resources (25,369) –

Innovation (72,005) (77,716)

Major Projects (4,305) (3,731)

Manufacturing (10,843) (4,421)

Regional Development and Regional Cities (153,968) (524)

Small Business (1,949) (2,996)

State Development (45,070) (72,050)

Technology (21,767) (9,052)

Tourism and Major Events (130,848) (124,361)

Total grants and other transfers by portfolio (484,647) (310,279)


03 FINANCIAL

REPORT

2014 2013

$’000 $’000

(e) Other operating expenses

Supplies and services

Consultants and professional services (64,248) (31,752)

Contracts and services (29,370) (26,120)

Accommodation (7,698) (3,785)

Marketing and media (10,577) (9,893)

Computer services and equipment (19,387) (9,254)

Travel and related expenses (4,506) (3,880)

Postage and communications (3,556) (1,990)

Stationery and office requisites (2,238) (1,446)

Educational (1,959) (1,663)

Meetings (3,363) (3,275)

Books and publications (1,556) (815)

Motor vehicles (1,383) (380)

Audit remuneration (internal & external) (a) (658) (712)

Other expenses (1,013) (497)

Total supplies and services (151,512) (95,462)

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

– (387)

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

– (387)

Operating lease rental expenses

– Minimum lease payments (16,606) (10,788)

Total operating lease rental expenses (16,606) (10,788)

Cost of goods sold/distributed (b) (114,765) (97,303)

Total other operating expenses (282,883) (203,940)

(a) See Note 33 for external auditor’s remuneration.

(b) Costs relate primarily to Kew Residential Services Project.


03 FINANCIAL REPORT

2014 2013

$’000 $’000

(a) Net gain/(loss) on non-financial assets

Net gain / (loss) on disposal of property, plant and equipment 113 (654)

Disposal of intangible assets (i) (4,963) (3,233)

Total net gain/(loss) on non-financial assets (4,850) (3,887)

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

Impairment of

─ – Listed securities (ii) (40) –

Total net gain/(loss) on financial instruments (40) –

(c) Other gains/(losses) from other economic flows

Net gain/(loss) arising from revaluation of long service leave liability (iii) (32) 93

Total other gains/(losses) from other economic flows (32) 93

Total (72) 93

(i) Parkville Gardens are expensed in line with the sale of properties.

(ii) Fair value adjustment to listed securities.

(iii) Revaluation gain/(loss) due to changes in bond rates.

NOTE 7. RECEIVABLES

2014 2013

$’000 $’000

Current receivables

Contractual

Other receivables Government (i) 10,369 8,945

Other receivables Non-Government 12,004 8,044

Provision for doubtful contractual receivables (i) – (27)

22,373 16,962

Statutory

Amounts owing from Victorian Government (ii) 122,989 89,756

GST input tax credit recoverable 4,969 5,242

127,958 94,998

Total current receivables 150,331 111,960

Non-current receivables

Contractual

Other receivables Government (i) 1,996 293

1,996 293

Statutory

Amounts owing from Victorian Government (ii) 2,844 1,373

Total non-current receivables 4,840 1,666

Total Receivables 155,171 113,626

(i) The average credit period for the provision of goods and services is 30 days. The majority of receivables relate to non-trading activities and the credit terms will differ. No interest is charged on other receivables.

(ii) The amounts recognised from Victorian Government represent funding for all commitments incurred through the appropriations and are drawn from the Consolidated Fund as the commitments fall due.

NOTE 6. OTHER ECONOMIC FLOWS INCLUDED IN NET RESULT


03 FINANCIAL

REPORT

NOTE 8. INVENTORIES

Notes 2014 2013

$’000 $’000

Current inventories

Work in progress:

– At net realisable value (i) 1(Q) 10,168 23,646

Total Inventories 10,168 23,646

(i) MPV is responsible for managing the Kew Residential Services Project. The land for the project is held as inventory until it is sold.

Controlled assets and liabilities acquired/relinquished at the date of financial transfer – 1/07/2013

Regional Development and Regional

Cities

Energy and

Resources

Innovation and

Technology

Industrial Relations

Total

2014 2014 2014 2014

$'000 $'000 $'000 $'000 $'000

Assets

Cash/SAU 40,886 7,624 722 (166) 49,066

Other financial assets 1,328 24,739 – – 26,067

Cash - TCV investments 200,334 – – – 200,334

Intangibles – 16,693 – – 16,693

Property plant and equipment and leases 7,508 5,958 – – 13,466

Total assets transferred in/(out) 250,056 55,014 722 (166) 305,626

Liabilities

Employee benefits (4,956) (5,590) (722) 166 (11,102)

Other liabilities (14,986) (13,179) – – (28,165)

Total liabilities transferred (in)/out (19,942) (18,769) (722) 166 (39,267)

Net assets transferred in/(out) 230,114 36,245 – – 266,359

NOTE 9. RESTRUCTURING OF ADMINISTRATIVE ARRANGEMENTS

In respect of Machinery of Government and administrative changes announced on 9 April 2013, the financial statements of the department reflect the actual period of responsibility for the outputs, being the period of 1 July 2013 to 30 June 2014. Regional Development Victoria, including Community Group outputs have been transferred from the former Department of Planning and Community Development. The Energy and Resources output has been transferred from the former Department of Primary Industries. The Industrial Relations Private Sector unit has been transferred to DTF. The Red Tape Commissioner

output and the Whole of Government Information and Communications Technology output have been transferred from DTF. Comparative amounts for the prior year have not been adjusted.

Net assets relinquished and/or acquired by the department as a result of the re-assignment of these outputs are recognised in the balance sheet immediately at the carrying amount of those assets in the balance sheet prior to the transfer.


03 FINANCIAL REPORT

Administered assets and liabilities acquired/relinquished at the date of financial transfer – 1/07/2013

Regional Development and Regional

Cities

Energy and

Resources

Innovation and

Technology

Industrial Relations

Total

2014 2014 2014 2014

$'000 $'000 $'000 $'000 $'000

Assets

Cash/SAU – 3,214 – – 3,214

Other financial assets – 51,506 – – 51,506

Total assets transferred in/(out) – 54,720 – – 54,720

Liabilities

Other liabilities – (1,574) – – (1,574)

Total liabilities transferred (in)/out – (1,574) – – (1,574)

Net assets transferred in/(out) – 53,146 – – 53,146

NOTE 9. RESTRUCTURING OF ADMINISTRATIVE ARRANGEMENTS (CONTINUED)


03 FINANCIAL

REPORT

Classification by ‘Purpose Groups’ (i) – carrying amounts

Public Administration

2014 2013

$’000 $’000

Land

Crown land – fair value 107,650 93,887

Buildings

Buildings at fair value 6,459 10,323

Less: Accumulated depreciation (470) (279)

5,989 10,044

Building leasehold

Building leasehold – at fair value (ii) 6,094 6,094

Less: Accumulated amortisation (122) (60)

5,972 6,034

Leasehold improvements – at fair value 31,719 26,530

Less: Accumulated amortisation (15,773) (12,194)

15,946 14,336

Total land, buildings, building leasehold and leasehold improvements 135,557 124,301

Plant and equipment

Plant and equipment at fair value 4,854 2,529

Less: Accumulated depreciation (3,830) (2,216)

1,024 313

Plant and equipment under finance lease – at fair value 4,985 1,464

Less: Accumulated depreciation (1,812) (487)

3,173 977

Total plant and equipment 4,197 1,290

Property, plant and equipment in the course of construction – at fair value 355,235 335,397

Total property, plant and equipment, and in course of construction 494,989 460,988

Infrastructure

Infrastructure at fair value 66,305 66,305

Less: Accumulated depreciation (2,268) (1,134)

Total infrastructure 64,037 65,171

Net carrying amount of PPE 559,026 526,159

(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.

(ii) Building Leasehold is for a term of 150 years from the year 1990.

NOTE 10. PROPERTY, PLANT AND EQUIPMENT


03 FINANCIAL REPORT

Crown Land at Fair Value Buildings at fair value Buildings Leasehold Leasehold Improvements Plant and Equipment Leased Plant and Equipment In Course of Construction Infrastructure Total

2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013

$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Opening balance 93,887 93,887 10,045 10,323 6,033 6,094 14,336 15,910 313 515 976 913 335,398 228,880 65,171 66,305 526,159 422,827

Additions 16,150 – – – – – 1,580 485 539 464 1,609 677 19,838 116,859 – – 39,716 118,485

Disposals – – – – – – (73) (99) (129) – (751) (243) – – – – (953) (342)

Transfers via contributed capital (7,425) – (5,809) – – – – – – – (48) – – (9,616) – – (13,282) (9,616)

Impairment of assets – – – – – – – – – – – – – (725) – – – (725)

Transfers to classified as held for sale – – – – – – – – – – (25) (23) – – – – (25) (23)

Machinery of Government transfer in 5,038 – 2,044 – – – 2,843 – 847 – 2,692 – – – – – 13,464 –

Depreciation/amortisation expense – – (291) (278) (61) (61) (2,740) (1,960) (546) (279) (1,280) (348) – – (1,135) (1,134) (6,053) (4,060)

Received / given free of charge – – – – – – – – – (387) – – – – – – – (387)

Closing balance 107,650 93,887 5,989 10,045 5,972 6,033 15,946 14,336 1,024 313 3,173 976 355,236 335,398 64,036 65,171 559,026 526,159

NOTE 10. PROPERTY, PLANT AND EQUIPMENT (CONTINUED)

Classification by ‘public administration’ purpose group – movements in carrying amounts

The following useful lives of assets are used in the calculation of depreciation and amortisation:

2014 2013

Years Years

Buildings 33 to 50 33 to 50


Infrastructure 90 90

Leasehold improvements 8 to 15 8 to 15

Plant and equipment 3 to 10 3 to 10

Leased plant and equipment 1 to 3 1 to 3

Intangible produced assets – software development 1 to 5 1 to 5

Aggregate depreciation and amortisation allocated and recognised as an expense:

2014 2013

$’000 $’000

Buildings 291 279


Infrastructure 1,135 1,134

Leasehold improvements 2,739 1,960

Plant and equipment 546 279

Leased plant and equipment 1,280 348

Total 6,053 4,060

Note: Amortisation of $2.690 million relating to intangible produced assets is disclosed in Note 5.


03 FINANCIAL

REPORT

Crown Land at Fair Value Buildings at fair value Buildings Leasehold Leasehold Improvements Plant and Equipment Leased Plant and Equipment In Course of Construction Infrastructure Total

2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013

$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Opening balance 93,887 93,887 10,045 10,323 6,033 6,094 14,336 15,910 313 515 976 913 335,398 228,880 65,171 66,305 526,159 422,827

Additions 16,150 – – – – – 1,580 485 539 464 1,609 677 19,838 116,859 – – 39,716 118,485

Disposals – – – – – – (73) (99) (129) – (751) (243) – – – – (953) (342)

Transfers via contributed capital (7,425) – (5,809) – – – – – – – (48) – – (9,616) – – (13,282) (9,616)

Impairment of assets – – – – – – – – – – – – – (725) – – – (725)

Transfers to classified as held for sale – – – – – – – – – – (25) (23) – – – – (25) (23)

Machinery of Government transfer in 5,038 – 2,044 – – – 2,843 – 847 – 2,692 – – – – – 13,464 –

Depreciation/amortisation expense – – (291) (278) (61) (61) (2,740) (1,960) (546) (279) (1,280) (348) – – (1,135) (1,134) (6,053) (4,060)

Received / given free of charge – – – – – – – – – (387) – – – – – – – (387)

Closing balance 107,650 93,887 5,989 10,045 5,972 6,033 15,946 14,336 1,024 313 3,173 976 355,236 335,398 64,036 65,171 559,026 526,159

Restricted assets

The department holds $1.053 million of properties listed as heritage assets. These heritage assets cannot be modified nor disposed of without formal Ministerial approval.

Freehold land

An independent valuation of the department’s land and buildings was performed by the Valuer General Victoria to determine the fair value of the land and buildings. The valuation, which conforms to Australian Valuation Standards, was determined by reference to the amounts for which assets could be exchanged between knowledgeable willing parties in an arm’s length transaction. Fair value is determined by direct reference to recent market transactions on arm’s length terms for land and buildings of comparable size and location to the department. The valuation was based on independent assessments. The effective date of the valuation was 30 June 2012 (refer Note 1(Q)).


03 FINANCIAL REPORT

Fair value measurement hierarchy for assets as at 30 June 2014

$’000 $’000 $’000 $’000

Carrying amount as at 30 June 2014

Fair value measurement at end of reporting period using:

Level 1(i) Level 2 (i) Level 3 (i)

Land at fair value

Non-specialised land 99,850 – 99,850 –

Specialised land 7,800 – – 7,800

Total of land at fair value 107,650 – 99,850 7,800

Buildings at fair value

Specialised/heritage buildings 5,989 – – 5,989

Total of buildings at fair value 5,989 – – 5,989

Plant, equipment and vehicles at fair value

Vehicles (ii) 3,173 – – 3,173

Plant and equipment 1,024 – – 1,024

Total plant, equipment & vehicles at fair value 4,197 – – 4,197

Infrastructure at fair value

Infrastructure 64,037 – – 64,037

Total of infrastructure at fair value 64,037 – – 64,037

Leasehold improvements at fair value

Leasehold improvements 15,946 – – 15,946

Total leasehold improvements at fair value 15,946 – – 15,946

Building leasehold at fair value

Building leasehold 5,972 – 5,972 –

Total building leasehold at fair value 5,972 – 5,972 –

In course of construction at fair value

In course of construction 355,235 – – 355,235

Total in course of construction at fair value 355,235 – – 355,235

Total property, plant and equipment at fair value 559,026 – 105,822 453,204

(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.

There have been no transfers between levels during the period.



03 FINANCIAL

REPORT

Non-specialised land and non-specialised buildings

Non-specialised land and non-specialised buildings are valued using the market approach. 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 VGV 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 was 30 June 2012.

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.

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.

For the department’s majority of specialised buildings, the depreciated replacement cost method is used, adjusting for the associated depreciation. As depreciation adjustments are considered as significant, unobservable inputs in nature, specialised buildings are classified as level 3 fair value measurements.

An independent valuation of the department’s 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 2012.

Heritage and infrastructure assets

Heritage 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 the department’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.

Vehicles

Vehicles are valued using the depreciated replacement 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.

Plant and equipment

Plant 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 2014.

For all assets measured at fair value, the current use is considered the highest and best use.


03 FINANCIAL REPORT


Reconciliation of level 3 fair value

2014 Specialised land

Specialised buildings

Plant and equipment

and vehicles

Infrastructure Leasehold improvements

In course of construction

Total

$'000 $'000 $'000 $'000 $'000 $'000 $'000

Opening balance 5,400 4,057 1,289 65,171 14,336 335,397 425,650

Purchases – – 2,146 – 1,580 19,838 23,564

Disposals – – (879) – (73) – (952)

Transfers in (out) of level 3 – – – – – – –

Administrative restructure/transfers via contributed capital 2,400 1,997 3,467 – 2,843 – 10,707

Gains or losses recognised in net result – – – – – – –

Depreciation – (65) (1,826) (1,135) (2,739) – (5,765)

Impairment – – – – – – –

Subtotal 2,400 1,932 2,908 (1,135) 1,611 19,838 27,554

Gains or losses recognised in other economic flows – other comprehensive income

– – – – – – –

Revaluation – – – – – – –

Subtotal – – – – – – –

Closing balance 7,800 5,989 4,197 64,036 15,947 355,235 453,204

Unrealised gains/(losses) on non-financial assets – – – – – – –

Description of significant unobservable inputs to level 3 valuations

Valuation technique (i) Significant unobservable inputs (i)

Range (weighted average) (i)

Sensitivity of fair value measurement to changes in significant unobservable inputs

Specialised land Market approach Community Service Obligation (CSO) adjustment

10% CSO adjustment A significant increase or decrease in the CSO adjustment would result in a significantly lower or higher fair value

Specialised land Income cash flow Present value discount rate of 4.5% +/- 1% interest rate A significant increase or decrease in the discount rate would result in a significantly lower or higher fair value

Specialised /heritage buildings

Depreciated replacement cost Direct cost per square metre $1,300 to $2,800 per square metre (average $2,000 per square metre)

A significant increase or decrease in direct cost per square metre adjustment would result in a significantly higher or lower fair value

Useful life of specialised buildings 33 to 50 years A significant increase or decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation

Infrastructure Depreciated replacement cost Cost per unit $800 to $9,000 per square metre (weighted average $1,500 per square metre)

A significant increase or decrease in cost per unit would result in a significantly higher or lower fair value

Useful life of infrastructure 90 years A significant increase or decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation

(i) Illustrations on the valuation techniques, significant unobservable inputs and related quantitative range of those inputs are indicative and should be directly used without consultation with the department’s independent Valuer.


03 FINANCIAL

REPORT

NOTE 11. NON-FINANCIAL PHYSICAL ASSETS CLASSIFIED AS HELD FOR SALE INCLUDING DISPOSAL GROUP ASSETS AND DIRECTLY ASSOCIATED LIABILITIES

2014 2013

$’000 $’000

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

Current assets

Leased Plant and equipment held for sale (i) 25 23

Total 25 23

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

Current liabilities

Finance lease liabilities 25 23

Total 25 23

(i) The department holds a leased motor vehicle which it intends to sell in the next 12 months.

The fair value hierarchy of the department’s non-financial physical assets held for sale is Level 2(ii).

(ii) Classified in accordance with the fair value hierarchy, refer Note 10.


03 FINANCIAL REPORT

NOTE 12. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

The department has a joint venture interest with Monash University in the Australian Regenerative Medical Institute (ARMI). ARMI was established to construct and operate a facility which will promote Victoria as a global leader in regenerative medical research, foster and develop existing research collaboration on domestic and overseas projects, and provide a major site for undergraduate and post graduate training programs.

2014 2013

$’000 $’000

Non-current investments in jointly controlled entities 35,000 35,000

Total 35,000 35,000

Name of entity Principal Activity Ownership Interest % (i)

Jointly controlled entities 2014 2013

Australian Regenerative Medicine Institute (ARMI).

To construct and operate a regenerative medical research facility.

20

20

(i) The interest of the department in the joint venture is 20% in accordance with the agreement. The fair value of the ownership interest held by the department is equal to the value of cash invested in the Joint Venture which amounts to $35 million at 30 June 2014 ($35 million at 30 June 2013).

Summarised financial information of jointly controlled entities

At balance date, the department’s share of net assets and the net result after tax of its jointly controlled entities are:

2014 2013

$’000 $’000

Current assets 318 306

Non-current assets 129,111 135,312

Total assets 129,429 135,618

Current liabilities – –

Non-current liabilities – –

Total liabilities – –

Net assets 129,429 135,618

Share of jointly controlled entity’s net assets 35,000 35,000

Share of jointly controlled entity’s result after tax – –

Dividends received from jointly controlled entity – –

Contingent liabilities and capital commitments

The department’s share of the contingent liabilities, capital commitments, and other expenditure commitments of its jointly controlled entities are disclosed in Notes 22 and 21 respectively.


03 FINANCIAL

REPORT

NOTE 13. INTANGIBLE ASSETS

2014 2013

$’000 $’000

Gross carrying amount

Opening balance 26,490 26,920

Additions 701 2,802

Machinery of Government transfers 16,694 –

Disposals or classified as held for sale (4,963) (3,232)

Closing balance 38,922 26,490

Accumulated amortisation

Opening balance – –

Amortisation of intangible produced assets (2,690) –

Disposals or classified as held for sale – –

Closing balance (2,690) –

Net book value at end of financial year 36,232 26,490

Significant intangible assets

The intangible assets relate to deferred expenditure of $20.597 million at 30 June 2014 (2013: $24.947 million) for the development of Parkville Gardens by MPV and the development of internal software – the Resource Rights Allocation Management (RRAM) system. 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 2014 (2013: nil) and no write-down was charged to the net result.

NOTE 14. OTHER NON-FINANCIAL ASSETS

2014 2013

$’000 $’000

Current other assets

Prepayments 1,832 965

Other 26 1

Total current other assets 1,858 966


03 FINANCIAL REPORT

NOTE 15. PAYABLES

2014 2013

$’000 $’000

Current payables

Contractual

Amounts payable to other Government agencies (i) 10,540 5,932

Other payables (ii) 79,467 47,593

90,007 53,525

Statutory

Other payables 9,151 9,147

9,151 9,147

Total current payables 99,158 62,672

Non-current payables

Contractual

Other payables 1,200 –

Total Non-current payables 1,200 –

Total payables 100,358 62,672

(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. No interest is charged on late payments.

(a) Maturity analysis of contractual payables Refer to table 23.5 in Note 23 for the ageing analysis of contractual payables. .

(b) Nature and extent of risk arising from contractual payables Refer to Note 23 for the nature and extent of risks arising from contractual payables.

NOTE 16. BORROWINGS

2014 2013

$’000 $’000

Current borrowings

Finance lease liabilities (i) (Note 20) 1,750 469

Total current borrowings 1,750 469

Non-current borrowings

Finance lease liabilities (i) (Note 20) 1,451 515

Total non-current borrowings 1,451 515

Total borrowings 3,201 984

(i) Secured by the assets leased.

(a) Maturity analysis of interest borrowings Refer to table 23.5 in Note 23 for the ageing analysis of borrowings.

(b) Nature and extent of risk arising from borrowings Refer to table 23.6 in Note 23 for the nature and extent of risks arising from borrowings.

(c) Defaults and breaches During the current and prior year, there were no defaults and breaches of loans.


03 FINANCIAL

REPORT

NOTE 17. PROVISIONS

2014 2013

$’000 $’000

Current provisions

Employee benefits (iii)

Unconditional and expected to be settled within 12 months (i) 11,177 7,190

Unconditional and expected to be settled after 12 months (ii) 15,933 9,479

Provisions related to employee benefit on-costs

Unconditional and expected to be settled within 12 months (i) 1,875 1,032

Unconditional and expected to be settled after 12 months (ii) 2,845 1,577

Total current provisions 31,830 19,278

Non-current provisions

Employee benefits (iii) 2,850 1,370

Provisions related to employee benefit on-costs 508 228

Total non-current provisions 3,358 1,598

Total provisions 35,188 20,876

Employee benefits and related on-costs

Current employee benefits

Annual leave entitlements 9,509 5,633

Unconditional long service leave entitlements 16,921 10,050

Other entitlements 680 986

Non-current employee benefits

Conditional long service leave entitlements 2,849 1,370

Total employee benefits 29,959 18,039

Current on-costs 4,721 2,609

Non-current on-costs 508 228

Total on-costs 5,229 2,837

Total employee benefits and related on-costs 35,188 20,876

(i) Nominal amounts are disclosed.

(ii) The amounts disclosed are discounted to present value.

(iii) Provisions for employee benefits consist of amounts for annual leave and long service leave accrued by employees, not including on-costs.


03 FINANCIAL REPORT

Employees of the department are entitled to receive superannuation benefits and the department contributes to both defined benefit and defined contribution plans. The defined benefit plan provides benefits based on years of service and final average salary.

The department does not recognise any defined benefit liability in respect of the plan because the department 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 discloses the state’s defined benefit liabilities in its disclosure for administered items.

However, superannuation contributions paid or payable for the reporting period are included as part of the employee benefits in the comprehensive operating statement of the department.

The name, details and amounts expensed in relation to the major employee superannuation funds and contributions made by the department are as follows:

FundPaid contribution for the year

Contribution outstanding at year end

2014 2013 2014 2013

$’000 $’000 $’000 $’000

Defined benefit plans:

State Superannuation Fund – revised and new 1,350 1,112 – –

Defined contributions plans:

VicSuper 5,326 3,135 – –

Other 2,097 979 – –

Total 8,773 5,226 – –

(a) The bases for contributions are determined by the various schemes.

(b) 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. OTHER LIABILITIES

2014 2013

$’000 $’000

Current other liabilities

Other liabilities 84 194

Total other liabilities 84 194

NOTE 18. SUPERANNUATION


03 FINANCIAL

REPORT

Finance leases

Leasing arrangements

Finance leases entered into by the department relate to motor vehicles with lease terms between 1 and 3 years. The department has options to purchase the vehicles at the conclusion of the lease agreements.

Finance lease liabilitiesMinimum future lease payments

Present value of minimum future lease payments

2014 2013 2014 2013

$’000 $’000 $’000 $’000

Finance lease liabilities payable

Not longer than 1 year 1,885 516 1,750 469

Longer than 1 year but not longer than 5 years 1,505 547 1,451 515

Minimum future lease payments (i) 3,390 1,063 3,201 984

Less future finance charges (189) (79) – –

Present value of minimum lease payments 3,201 984 3,201 984

Included in the financial statements as:

Current borrowings (Note 16) 1,750 469

Non-current borrowings (Note 16) 1,451 515

Total 3,201 984

(i) Minimum future lease payments includes the aggregate of all lease payments and any guaranteed residual.

Lessee – Operating leases

Leasing arrangements

Operating leases mainly relate to accommodation with lease terms of between two and 15 years. All operating lease contracts contain market review clauses in the event that 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.

2014 2013

$’000 $’000

Non-cancellable operating leases

Not longer than 1 year 18,450 11,026

Longer than 1 year but not longer than 5 years 69,345 41,597

Longer than 5 years 42,363 33,273

Total 130,158 85,896

NOTE 20. LEASES


03 FINANCIAL REPORT

NOTE 20. LEASES (CONTINUED)

Lessor – Operating leases (i)

2014 2013

$’000 $’000

Non-cancellable operating lease receivables

Not longer than 1 year – 128

Longer than 1 year but not longer than 5 years – 546

Longer than 5 years – 764

Total – 1,438

(i) Assets previously leased are no longer owned by the department.

NOTE 21. COMMITMENTS FOR EXPENDITURE

The following commitments have not been recognised as liabilities in the financial statements.

Controlled commitments are payable as follows:

2014 2013

$’000 $’000

(a) Lease commitments

Finance lease liabilities and non-cancellable operating lease commitments are disclosed in Note 20 to the financial statements.

(b) Other expenditure commitments

Outsourcing commitments

Commitments under outsourcing contracts for information technology and internal audit services at the reporting date but not recognised as liabilities and payable are:

Not longer than 1 year 500 318

Longer than 1 year but not longer than 5 years – 636

Total 500 954

Grant commitments

Commitments for the payment of grants under long-term contracts in existence at the reporting date but not recognised as liabilities and payable are:


Longer than 1 year but not longer than 5 years 190,074 86,529

Longer than 5 years 1,110 1,832

Total 446,851 177,895

Major Projects Victoria

Commitments for payments under contract in relation to projects in existence at the reporting date but not recognised as liabilities and payable are:


Longer than 1 year but not longer than 5 years 753 20,910

Longer than 5 years 192 –

Total 47,436 214,064


03 FINANCIAL

REPORT

Melbourne Convention Centre Development Project (Administered entity)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 Centre (MCC) facility by a private sector consortium (the lessor).

The lessor was responsible for construction of the new facility 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).

It is estimated as at 30 June 2014 that future lease payments relating to the facility amount to $460.3 million (2013: $461.1 million) in net present value terms, or $1,072.8 million (2013: $1,114.0 million) in nominal dollars, to be paid to the lessor over a 25 year period which commenced 1 January 2009. At the same time, 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 fifty 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. It is estimated that as at 30 June 2014, these future service payments amount to $218.3 million (2013: $219.0 million) in net present value terms, or $459.1 million (2013: $477.1 million) in nominal dollars, over the 25 year lease term.

Ownership of the MCC facility will transfer to the State of Victoria at the end of the 25 year lease period at no cost.

Finance lease commitments in relation to the MCC development project for construction of the new facility:

Nominal value Net present value (i)

2014 2013 2014 2013

$’000 $000 $’000 $000

Not longer than 1 year 42,307 41,245 39,987 38,999

Longer than 1 year but not longer than 5 years 180,414 175,880 136,377 133,207

Longer than 5 years 850,036 896,877 283,902 288,897

Total value of expected future commitments 1,072,757 1,114,002 460,266 461,103

(i) The net present value is calculated using a discount rate of 9.4% per annum.

Operating lease commitments in relation to the MCC development project for services, maintenance, and refurbishments:

Nominal value Net present value (i)

2014 2013 2014 2013

$’000 $000 $’000 $000

Not longer than 1 year 18,480 18,045 17,597 17,183

Longer than 1 year but not longer than 5 years 78,463 76,625 61,525 60,086

Longer than 5 years 362,123 382,441 139,149 141,759

Total value of expected future commitments 459,066 477,111 218,271 219,028

(i) The net present value is calculated using a discount rate of 8.14% per annum.


03 FINANCIAL REPORT

NOTE 22. CONTINGENT ASSETS AND CONTINGENT LIABILITIES

2014 2013

$’000 $’000

Contingent liabilities

Financial guarantee – letter of credit ICAAN, arrangement with Westpac 307 307

Mining rehabilitation (i) 67 –

Total 374 307

(i) The contingent liability transferred to the department through Machinery of Government changes.

Non-quantifiable contingent liabilities (Controlled entity)

As part of the wind-up of the National Electricity Code Administrator (NECA), the State of Victoria has undertaken to indemnify the actions of the NECA Directors for a period of seven years, from completion of their tenure in 2008, until 2015.

There are a number of litigation matters underway at balance date, the details of which are not disclosed so as not to prejudice the cases.

Contingent liabilities are not secured over any of the assets of the department.

NOTE 23. FINANCIAL INSTRUMENTS

(a) Financial risk management objectives and policiesThe department’s activities expose it primarily to the financial risk of changes in interest rates. The department does not enter into derivative financial instruments to manage its exposure to interest rate and foreign currency risk.

The department does not enter into or trade financial instruments, including derivative financial instruments, for speculative purposes.

The department’s principal financial instruments comprise:

> cash assets

> term deposits

> investments-equities

> receivables (excluding statutory receivables)

> payables (excluding statutory payables)

> borrowings, and

> finance lease liabilities payable.


03 FINANCIAL

REPORT

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 the department’s financial risks within the Government policy parameters.

Investments in associates or joint ventures are disclosed separately in Note 12.

The department uses different methods to measure and manage the different risks to which it is exposed.

The carrying amounts of the department’s contractual financial assets and financial liabilities by category are disclosed in the table below:

Table 23.1: Categorisation of financial instruments

Contractual Financial assets –

loans and receivables

Contractual Financial

liabilities at amortised

cost Total

2014 $’000 $’000 $’000

Contractual Financial assets

Cash and deposits 396,760 – 396,760

Receivables (i) 24,369 – 24,369

Investments-equities 90 – 90

Total contractual financial assets 421,219 – 421,219

Contractual Financial liabilities

Payables (i)

– Supplies and services – 91,207 91,207

Borrowings – 3,201 3,201

Total contractual financial liabilities – 94,408 94,408

2013

Contractual Financial assets

Cash and deposits 89,229 – 89,229

Receivables (i) 17,255 – 17,255

Total contractual financial assets 106,484 – 106,484

Contractual financial liabilities

Payables (i)

– Supplies and services – 53,525 53,525

Borrowings – 984 984

Total contractual financial liabilities – 54,509 54,509

(i) Receivables and payables disclosed above exclude Statutory Receivables (i.e. GST recoverable) and Statutory Payables (i.e. Taxes payable).


03 FINANCIAL REPORT

NOTE 23. FINANCIAL INSTRUMENTS (CONTINUED)

Table 23.2: Net holding gain/(loss) on financial instruments by category

Net holding gains/ (loss)

Total interest income/

(expense) Total

2014 $’000 $’000 $’000

Contractual financial assets

Cash and deposits – 5,312 5,312

Total contractual financial assets – 5,312 5,312


Financial liabilities at amortised cost – (280) (280)

Total contractual financial liabilities – (280) (280)

2013


Cash and deposits – 611 611

Total contractual financial assets – 611 611


Financial liabilities at amortised cost – (47) (47)

Total contractual financial liabilities – (47) (47)

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.


03 FINANCIAL

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Table 23.3: Credit quality of contractual financial assets that are neither past due nor impaired.

Government agencies

(AAA credit rating)

Other (minimum

BBB credit rating)

Internally rated bank

deposits Other Total

2014 $’000 $’000 $’000 $’000 $’000

Cash and deposits 348,329 46,600 1,831 – 396,760

Receivables (i) 12,365 –- – 12,004 24,369

Investments-equities – – – 90 90

Total contractual financial assets 360,694 46,600 1,831 12,094 421,219

2013

Cash and deposits 43,563 44,339 1,327 – 89,229

Receivables (i) 9,239 – – 8016 17,255

Total contractual financial assets 52,802 44,339 1,327 8,016 106,484

(i) The carrying amounts disclosed exclude statutory receivables (e.g. amounts owing from the State of Victoria and GST recoverable).

(b) Credit riskCredit risk arises from the contractual financial assets of the department, which comprise cash and deposits, non-statutory receivables and available-for-sale contractual financial assets. The department’s exposure to credit risk arises from the potential default of the counter party on their contractual obligations resulting in financial loss to the department. Credit risk is measured at fair value and is monitored on a regular basis.

Credit risk associated with the department’s financial assets is minimal because its main debtor is the Victorian Government. For debtors other than Government, it is the department’s policy to only deal with entities with high credit ratings of a minimum triple-B rating and to obtain sufficient collateral or credit enhancements where appropriate.

The department does not engage in hedging for its financial assets and 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, the department’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 the department 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 the department’s maximum exposure to credit risk without taking account of the value of any collateral obtained.


03 FINANCIAL REPORT


Contractual financial assets that are either past due or impaired

There are no material financial assets which are individually determined to be impaired. Currently the department 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. The aging analysis table 23.4 discloses the aging only of contractual financial assets that are past due but not impaired.

Table 23.4 discloses the ageing of financial assets that are past due but not impaired.

(c) Liquidity riskLiquidity risk is the risk that the department would be unable to meet its financial obligations as and when they fall due. The department 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.

The department’s maximum exposure to liquidity risk is the carrying amounts of financial liabilities as disclosed in the balance sheet. The department 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.

The department’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 23.5 discloses the contractual maturity analysis for the department’s contractual financial liabilities.

(d) Market risk The department’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 disclosed in the paragraphs below:

Foreign currency risk

The department is exposed to insignificant 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.

The department manages its risk through continuous monitoring of movements in exchange rates and ensures availability of funds through rigorous cash flow planning and monitoring. Based on past and current assessment of economic outlook, it is deemed unnecessary for the department to enter into any hedging arrangements to manage risk.

Interest rate risk

Exposure to interest rate risk is insignificant and might arise primarily through the department’s interest bearing liabilities and assets. The only interest bearing liabilities and assets are the motor vehicle finance lease liabilities and term deposits. The department’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 23.6. In addition, the department’s sensitivity to interest rate risk is set out in Table 23.7.


03 FINANCIAL

REPORT

Sensitivity analysis disclosure

The department’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. The department’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 23.7 discloses the impact on the department’s net result and equity for each category of financial instrument held by the department at the end of the reporting period as presented to key management personnel if the above movements were to occur.

Table 23.4: Ageing analysis of contractual financial assets

Not past due and not

impaired

Past due but not impaired

Carrying amount

Less than 1 month

1 – 3 months

3 – 12 months 1 – 5 years

2014 $’000 $’000 $’000 $’000 $’000 $’000

Cash and deposits 396,760 396,760 – – – –

Receivables (i) 24,369 23,281 37 1,006 43 2

Investments 90 90 – – – –

Total 421,219 420,131 37 1,006 43 2

2013

Cash and deposits 89,229 89,229 – – – –

Receivables (i) 17,255 13,079 2,031 584 1,508 53

Total 106,484 102,308 2,031 584 1,508 53

(i) The carrying amounts disclosed here exclude statutory receivables (e.g. amounts owing from Victorian Government and GST input tax credit recoverable).

Table 23.5: Maturity analysis of contractual financial liabilities (ii)

Carrying amount

Maturity dates

Nominal amount

Less than 1 month

1 – 3 months

3 – 12 months

1 – 5 years

2014 $’000 $’000 $’000 $’000 $’000 $’000

Payables (i) 91,207 91,207 91,207 – – –

Finance lease liabilities 3,202 3,390 289 235 1,360 1,506

Total 94,409 94,597 91,496 235 1,360 1,506

2013

Payables (i) 53,525 53,525 53,525 – – –

Finance lease liabilities 984 1,062 108 67 340 547

Total 54,509 54,587 53,633 67 340 547

(i) The carrying amounts disclosed exclude statutory amounts (e.g. GST payables).

(ii) Maturity analysis is presented using the contractual and discounted cash flow.


03 FINANCIAL REPORT


Table 23.6: Interest rate exposure of financial instruments

Interest rate exposure

Weighted average interest

rateCarrying amount

Fixed interest rate

Variable interest rate

Non-interest bearing

2014 % $’000 $’000 $’000 $’000

Financial assets

Cash and deposits 2.43% 252,310 – 252,310 –

Cash and deposits 144,450 – – 144,450

Receivables (i) 24,369 – – 24,369

Investments-equities 90 – – 90

Total financial assets 421,219 – 252,310 168,909

Financial liabilities

Payables 91,207 – – 91,207

Financial lease liabilities 6.19% 3,202 3,202 – –

Total financial liabilities 94,409 3,202 – 91,207

2013

Financial assets

Cash and deposits 2.34% 47,372 – 47,372 –

Cash and deposits 41,858 – – 41,858

Receivables (i) 17,255 – – 17,255

Total financial assets 106,485 – 47,372 59,113

Financial liabilities

Payables (i) 53,525 – – 53,525

Financial lease liabilities 6.54% 984 984 – –

Total financial liabilities 54,509 984 – 53,525

(i) The carrying amounts disclosed exclude statutory receivables and payables (e.g. amounts owing from Victorian Government, GST recoverable and GST payable).


03 FINANCIAL

REPORT

Table 23.7: Interest rate risk sensitivity

Interest rate

-100 basis points +100 basis points

Carrying amount Net Result

Available-for-sale

revaluation surplus Net Result

Available-for-sale

revaluation surplus

2014 $’000 $’000 $’000 $’000 $’000


Cash and deposits 396,760 (2,523) – 2,523 –

Receivables 24,369 – – – –

Investments-equities 90 – – – –

Total impact (2,523) – 2,523 –


Payables 91,207 – – – –

Borrowings 3,202 – – – –

Total impact – – – –

2013


Cash and deposits 89,229 (474) – 474 –

Receivables 17,255 – – – –

Total impact (474) – 474 –


Payables 53,525 – – – –

Borrowings 984 – – – –

Total impact – – – –


03 FINANCIAL REPORT


(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 instrument 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; and

> Level 3 – the fair value is determined in accordance with generally accepted pricing models based on discounted cash flow analysis using unobservable market inputs.

The department 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.

Table 23.8: Comparison between carrying amount and fair value

Carrying amount Fair value

Carrying amount Fair value

2014 2014 2013 2013

$’000 $’000 $’000 $’000


Cash and deposits 396,760 396,760 89,229 89,229

Receivables (i) 24,369 24,369 17,255 17,255

Investments-equities 90 90 – –

Total contractual financial assets 421,219 421,219 106,484 106,484


Payables (i)

– Supplies and services 91,207 91,207 53,525 53,525

Borrowings 3,202 3,202 984 984

Total contractual financial liabilities 94,409 94,409 54,509 54,509

(i) The carrying amounts exclude statutory amounts (e.g. amounts owing from Government, GST input tax credit recoverable, and GST payable).


03 FINANCIAL

REPORT

Table 23.9: Financial assets measured at fair value (ii)

Carrying amount

Fair value measurement at end of reporting period using:

$’000 $’000 $’000 $’000

2014 Level 1 (i) Level 2 (i) Level 3

Financial assets at fair value through profit or loss

Cash and deposits 396,760 396,760 – –

Receivables 24,369 24,369 – –

Investments-equities 90 90 – –

Total 421,219 421,219 – –

2013

Financial assets at fair value through profit or loss

Cash and deposits 89,229 89,229 – –

Receivables 17,255 17,255 – –

Total contractual financial assets 106,484 106,484 – –

(i) There is no difference between level 1 and level 2.

(ii) The fair value hierarchy 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.


03 FINANCIAL REPORT

NOTE 24. 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:

2014 2013

$’000 $’000

Cash (i) 48,432 45,673

Funds held in trust Note 30 (b) 348,328 43,556

Balance as per cash flow statement 396,760 89,229

(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 department having a notional shortfall in the cash at bank required for payment of unpresented cheques at the reporting period. At 30 June 2014, cash at bank includes the amount of a notional shortfall for the payment of unpresented cheques at the end of the reporting period.

At 30 June 2014, cash at bank included the amount of a notional shortfall for the payment of unpresented cheques of $66,021 (2013: $106,085).

(b) Non-cash financing and investing activities

2014 2013

$’000 $’000

Acquisition of plant and equipment by way of finance lease 1,609 677

Total 1,609 677

(c) Reconciliation of net result for the period

2014 2013

$’000 $’000

Net result for the period 33,924 11,010

Non-cash movements:

Loss on sale or disposal of non-current assets 4,850 3,162

Depreciation & amortisation of non-financial assets and intangible assets 8,743 4,060

Provision for doubtful debts (28) –

Impairment of non-current assets 43 725

Movements in assets and liabilities

Increase in current receivables (11,513) (12,959)

(Increase)/decrease in other current assets (853) 50

Increase in current payables 24,697 25,289

(Decrease)/increase in current provisions 1,914 (368)

(Decrease)/increase in non-current provisions 1,236 (277)

Net cash flows from/(used) in operating activities 63,013 30,692


03 FINANCIAL

REPORT

NOTE 25. INVESTMENTS

Current investments

Term deposits: the department had no current investments with maturity > 3 months.

2014 2013

$’000 $’000

Non-current investments

Equity and management investments

Listed securities 90 –

Total current and non-current investments and other financial assets 90 –

NOTE 26. RESERVES

2014 2013

$’000 $’000

Physical asset revaluation surplus (i)

Balance at beginning of financial year 30,970 30,970

Revaluation increment/(decrements) – –

Transfers to accumulated surplus (ii) (5,320) –

Balance at end of financial year 25,650 30,970

Net change in reserves (5,320) –

(i) The physical asset revaluation surplus arises on the revaluation of land and buildings.

(ii) Relates to the transfer of land and buildings at Beacon Cove to Port of Melbourne Authority and the City of Port Phillip.


03 FINANCIAL REPORT

NOTE 27. SUMMARY OF COMPLIANCE WITH ANNUAL PARLIAMENTARY AND SPECIAL APPROPRIATIONS

The 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.

APPROPRIATION ACT FINANCIAL MANAGEMENT ACT 1994

Annual Appropriation Advance from Treasurer Section 3(2) Section 29 Section 30 Section 32Section 35 Advances

Total Parliamentary Authority Appropriations Applied Variance

2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013

$000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000

Controlled

Provision of outputs 615,786 477,893 – 9,250 – – 4,823 1,078 10,000 4,070 64,285 42,126 – – 694,894 534,417 576,223 438,132 118,671 96,285 (i)

Additions to net assets 81,367 194,043 – – – – – – (5,000) (9,070) 30,780 6,961 – – 107,147 191,934 43,834 120,511 63,313 71,423 (ii)

Regional Growth Fund 136,000 – – – – – – – – – – – – – 136,000 – 136,000 – – –

Administered

Payments made on behalf of the state

64,000 54,000 2,535 – – – – – (5,000) 5,000 – – – – 61,535 59,000 60,878 59,000 657 –

Total 897,153 725,936 2,535 9,250 – – 4,823 1,078 – – 95,065 49,087 – – 999,576 785,351 816,935 617,643 182,641 167,708

(i) A number of the department’s output programs have been rescheduled to the next financial year due to delays 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 remaining output budget to be carried over into the next financial year.

(ii) A number of the department’s capital projects have experienced delays and the outstanding works have been re-programmed to the next financial year. 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 remaining capital budget to be carried over into the next financial year.

NOTE 28. EX-GRATIA EXPENSES

The department has not incurred ex-gratia expenses (2013: nil).

NOTE 29. ANNOTATED INCOME AGREEMENTS

The following is a listing of the Financial Management Act 1994 Section 29 annotated income agreements approved by the Treasurer:

ACTUAL

2014 2013

$’000 $’000

Commonwealth Specific Purpose Payments

National Urban Water and Desalination Plan : New Melbourne Wholesale Market Stormwater Harvesting and Reuse Project

357 1,078

Commonwealth National Partnerships Payments

Coal Seam Gas and Large Coal Mining Development 4,050 –

Other Revenue

Regional Victoria Living Expo 396 –

Research and Experimental Projects Industry 20 –

Total annotated income agreements 4,823 1,078


03 FINANCIAL

REPORT

The 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.

APPROPRIATION ACT FINANCIAL MANAGEMENT ACT 1994

Annual Appropriation Advance from Treasurer Section 3(2) Section 29 Section 30 Section 32Section 35 Advances

Total Parliamentary Authority Appropriations Applied Variance

2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013

$000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000

Controlled

Provision of outputs 615,786 477,893 – 9,250 – – 4,823 1,078 10,000 4,070 64,285 42,126 – – 694,894 534,417 576,223 438,132 118,671 96,285 (i)

Additions to net assets 81,367 194,043 – – – – – – (5,000) (9,070) 30,780 6,961 – – 107,147 191,934 43,834 120,511 63,313 71,423 (ii)

Regional Growth Fund 136,000 – – – – – – – – – – – – – 136,000 – 136,000 – – –

Administered

Payments made on behalf of the state

64,000 54,000 2,535 – – – – – (5,000) 5,000 – – – – 61,535 59,000 60,878 59,000 657 –

Total 897,153 725,936 2,535 9,250 – – 4,823 1,078 – – 95,065 49,087 – – 999,576 785,351 816,935 617,643 182,641 167,708

(i) A number of the department’s output programs have been rescheduled to the next financial year due to delays 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 remaining output budget to be carried over into the next financial year.

(ii) A number of the department’s capital projects have experienced delays and the outstanding works have been re-programmed to the next financial year. 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 remaining capital budget to be carried over into the next financial year.

NOTE 28. EX-GRATIA EXPENSES

The department has not incurred ex-gratia expenses (2013: nil).

NOTE 29. ANNOTATED INCOME AGREEMENTS

The following is a listing of the Financial Management Act 1994 Section 29 annotated income agreements approved by the Treasurer:

ACTUAL

2014 2013

$’000 $’000

Commonwealth Specific Purpose Payments

National Urban Water and Desalination Plan : New Melbourne Wholesale Market Stormwater Harvesting and Reuse Project

357 1,078

Commonwealth National Partnerships Payments

Coal Seam Gas and Large Coal Mining Development 4,050 –

Other Revenue

Regional Victoria Living Expo 396 –

Research and Experimental Projects Industry 20 –

Total annotated income agreements 4,823 1,078


03 FINANCIAL REPORT

NOTE 30. TRUST ACCOUNT BALANCES

(a) Trust account balances relating to trust accounts controlled by the department

July 2013 Revenue* Expense June 2014

$’000 $’000 $’000 $’000

STATE TRUSTS

Energy and Earth Resources

Solar Systems Stage 2* – 3,000 (3,000) –

Earth and Energy Trust* – 6,524 (91) 6,433

Department Working Trust Account (i)

Community Regional Industry Skills Program (CRISP) 1,808 – – 1,808

Science and Technology Research and Development Fund 1,605 – (135) 1,470

Victorian Greenhouse Strategy Funds 103 – – 103

Victorian Government Business Office 353 – – 353

Youth Employment Scheme 345 – (94) 251

Infrastructure Precincts 9 – – 9

Melbourne Major Events 1,573 74,063 (73,270) 2,366

Real Estate Agents Guarantee Fund 155 – – 155

STI Awareness 27 60 (51) 36

Project Funds 25,103 23,800 (6,540) 42,363

Ezybiz 2,630 121 (151) 2,600

Greening Our Automotive Industry 2 – – 2

Workforce Participation Trust 1,406 260 (206) 1,460

CAT General Purpose Trust 1,151 218 (333) 1,036

International Education Trust 2,055 – (10) 2,045

Small Business Services Policy 113 – – 113

RDV Projects* 935 16,730 (1,533) 16,132

e-GIF Program 2,000 3,000 (338) 4,662

Greater Geelong Industry Fund 2,000 – (695) 1,305

CSF Funding – Community Commitments* – 2,810 (1,546) 1,264

CSF Funding – Victorian Community Support* – 1,322 (1,152) 170

Victorian Transactions Refer Program – 2,000 – 2,000

Regional Growth Fund* – 353,806 (127,813) 225,993

Treasury Trust 42 7,140 (7,140) 42

Vicfleet Finance Lease Sales* 92 392 (46) 438

Revenue Clearing Account 428 (31) – 397

COMMONWEALTH TRUSTS

Commonwealth Treasury Trust Fund (ii)

CarbonNet Funding Agreement #801* – 3,114 (2,095) 1,019

CarbonNet Funding Agreement #2633* – 11,498 (882) 10,616

Broadband Broker Program 270 – (74) 196

Regional Development Australia* 556 3,844 (4,017) 383

Advanced Lignite Demonstration Program Agreement – 14,190 – 14,190

Australian Synchrotron Contributions Fund 2,704 21 (2,724) 1

Natural Disasters Relief – 4,997 (3,788) 1,209

ADMINISTERED TRUST

Public Service Commuters Club (101) (21) – (122)

Lysterfield Levy Trust Fund* – 3,717 – 3,717

Securities – DTF Trust Fund* – – (9) (9)

Total 47,364 533,575 (234,733) 346,206

* Includes Machinery of Government changes.

(i) For the purpose to assist in facilitating, encouraging, promoting and carrying out activities leading to a balanced economic development of the state. The governing legislation is Sector 19 of the Financial Management Act 1994.

(ii) For the purpose of holding funds from the Commonwealth Government. The governing legislation is Sector 19 of the Financial Management Act 1994.


03 FINANCIAL

REPORT

July 2012 Revenue Expense June 2013

$’000 $’000 $’000 $’000

STATE TRUSTS

Department Working Trust Account (i)

Community Regional Industry Skills Program (CRISP) 2,013 – (205) 1,808

Science and Technology Research and Development Fund 1,633 – (28) 1,605

Victorian Greenhouse Strategy Funds 138 – (35) 103

Victorian Government Business Office 421 – (68) 353

Youth Employment Scheme 394 – (49) 345

Infrastructure Precincts 9 – – 9

Recoup trusts 100 – (100) –

Melbourne Major Events 1,216 74,755 (74,398) 1,573

Real Estate Agents Guarantee Fund 155 – – 155

STI Awareness 45 60 (78) 27

ICT Skills 27 – (27) –

Project Funds 5,773 20,432 (1,102) 25,103

Ezybiz 2,658 551 (579) 2,630

Greening Our Automotive Industry 10 – (8) 2

Workforce Participation Trust 3,032 690 (2,316) 1,406

CAT General Purpose Trust 992 189 (30) 1,151

International Education Trust 2,133 – (78) 2,055

Small Business Services Policy 353 – (240) 113

RDV Projects 995 – (60) 935

e-GIF Program – 2,000 – 2,000

Greater Geelong Industry Fund – 2,000 – 2,000

Treasury Trust 42 – – 42

Vicfleet Finance Lease Sales (28) 120 – 92

Revenue Clearing Account 423 5 – 428

COMMONWEALTH TRUSTS

Commonwealth Treasury Trust Fund (ii)

Broadband Broker Program 347 38 (115) 270

Regional Development Australia 762 1,519 (1,725) 556

Australian Synchrotron Contributions Fund 2,613 591 (500) 2,704

ADMINISTERED TRUST

Public Service Commuters Club (155) 54 – (101)

Total 26,101 103,004 (81,741) 47,364

(i) For the purpose to assist in facilitating, encouraging, promoting and carrying out activities leading to a balanced economic development of the State of Victoria. The governing legislation is Section 19 of the Financial Management Act 1994.

(ii) For the purpose of holding funds from the Commonwealth Government. The governing legislation is Section 19 of the Financial Management Act 1994.


03 FINANCIAL REPORT

NOTE 30. TRUST ACCOUNT BALANCES (CONTINUED)

(b) Trust account cash balances

The following is a list of cash held in trust account balances relating to trusts controlled and administered by the department.

2014 2013

$’000 $’000

(i) Controlled trusts

Energy and Earth Resources 6,403 –

Department Working Trust Account 82,269 40,048

Regional Growth Fund 236,143 –

Commonwealth Treasury Trust Account 22,710 275

Treasury Trust Account 41 41

Vic Fleet Finance Lease Sales 365 57

Revenue Clearing Account 397 429

Australian Synchrotron Contributions Fund – 2,706

Total controlled trusts 348,328 43,556

(ii) Administered trusts

Lysterfield Levy Trust Fund 450 –

Securities – DTF Trust Fund 139 –

Public Service Commuters Club Trust (122) (101)

Total administered trusts (Note 3) 467 (101)

The department’s portion of the Public Service Commuters Club Trust is temporarily in deficit due to the timing between the purchase of travel tickets and reimbursement from employees. The Trust’s working capital is funded by DTF, and the overall trust balance is in surplus.

(c) Trust accounts opened and closed by the departmentDuring the 2014 financial year the following Trust Accounts were opened:

> Regional Growth Fund, CSF Funding – Community Commitments, CSF Funding – Victorian Community Support, CarbonNet Funding

> Agreements, Solar Systems Stage 2, Earth and Energy Trust, Natural Disasters Relief, Victorian Transactions Refer Program

> Lysterfield Levy Trust Fund and Advanced Lignite Demonstration Program Agreement.

During the 2014 financial year the Australian Synchrotron Contributions Fund was closed.

The governing legislation is Section 19 of the Financial Management Act 1994.


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In accordance with the Ministerial 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.

Names

The persons who held the positions of Ministers and Accountable Officer in the department are as follows:

Minister for Innovation, Services and Small Business The Hon Louise Asher MP 2 December 2010 to 17 March 2014

Minister for Innovation The Hon Louise Asher MP 17 March 2014 to 30 June 2014

Minister for Tourism and Major Events The Hon Louise Asher MP 2 December 2010 to 30 June 2014

Minister for Employment and Trade The Hon Louise Asher MP 13 March 2013 to 30 June 2014

Minister for Major Projects The Hon David Hodgett MP 13 March 2013 to 30 June 2014

Minister for Regional Cities The Hon Dr Denis Napthine MP 2 December 2010 to 30 June 2014

Minister for Manufacturing The Hon David Hodgett MP 13 March 2013 to 30 June 2014

Minister for State Development The Hon Peter Ryan MP 13 March 2013 to 30 June 2014

Minister for Regional and Rural Development The Hon Peter Ryan MLA 2 December 2010 to 30 June 2014

Minister for Technology The Hon Gordon Rich-Phillips MLC 2 December 2010 to 30 June 2014

Minister responsible for the Aviation Industry The Hon Gordon Rich-Phillips MLC 2 December 2010 to 30 June 2014

Minister for Small Business The Hon Russell Northe MP 17 March 2014 to 30 June 2014

Minister for Energy and Resources The Hon Russell Northe MP 17 March 2014 to 30 June 2014

Minister for Energy and Resources The Hon Nicholas Kotsiras MP 13 March 2013 to 17 March 2014

Secretary Mr Howard Ronaldson 14 May 2008 to 30 June 2014

Remuneration

Total remuneration received or receivable by the accountable officer in connection with the management of the department during the reporting period was in the range $420,000 to $429,999 (2013: $430,000 – $439,999).

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.

NOTE 31. RESPONSIBLE PERSONS


03 FINANCIAL REPORT

NOTE 32. 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.

Several factors have affected total remuneration payable to executives during the year. The Office of State Development was created which resulted in the filling of two of three executive officer positions. In addition, a number of employment contracts were renewed during the year.

The Premier approved an annual adjustment to executive officer remuneration of 2.5 per cent for the 2013-14 financial year. Bonus payments were also paid to eligible executive officers as part of their performance review for 2013-14.

A number of executive officers retired or resigned in the past year. This has had a significant impact on total remuneration figures due to the inclusion of annual leave, and long service leave payments.

INCOME BAND TOTAL REMUNERATION BASE REMUNERATION

2014 2013 2014 2013No. No. No. No.

$0 – $99,999 17 8 21 10

$100,000 – $109,999 2 – 1 1

$110,000 – $119,999 1 2 1 2

$120,000 – $129,999 – – 1 –

$130,000 – $139,999 – 1 – –

$140,000 – $149,999 4 – 2 1

$150,000 – $159,999 4 3 2 3

$160,000 – $169,999 3 3 6 1

$170,000 – $179,999 4 3 6 5

$180,000 – $189,999 6 1 2 –

$190,000 – $199,999 2 1 3 5

$200,000 – $209,999 2 5 4 1

$210,000 – $219,999 4 1 3 –

$220,000 – $229,999 3 – 1 –

$230,000 – $239,999 2 3 2 4

$240,000 – $249,999 1 1 2 1

$250,000 – $259,999 2 1 – –

$260,000 – $269,999 – – 2 –

$270,000 – $279,999 1 – 1 1

$280,000 – $289,999 2 – 3 1

$290,000 – $299,999 2 – – –

$300,000 – $309,999 1 2 – –

$310,000 – $319,999 1 – 1 –

$320,000 – $329,999 – – – 1

$330,000 – $339,999 – – 1 –

$340,000 – $349,999 – 1 – –

$350,000 – $359,999 1 1 – 1

$360,000 – $369,999 – – 1 –

$370,000 – $379,999 1 – – –

$400,000 – $409,999 – 1 – –

Total numbers 66 38 66 38

Total annualised employee equivalent (AEE) (a) 47.9 28.3 47.9 28.3

Total amount ($’000) 11,074 6,844 10,300 5,930

(a) Annualised employee equivalent is based on working 38 ordinary hours per week over the reporting period.


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(b) Payments to other personnel (i.e. 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.

The change in the total expenses from 2013 to 2014 was mainly driven by new functions being undertaken by the department in the 2014 reporting period.

EXPENSE BAND TOTAL OTHER PERSONNEL

2014 2013

No. No.

$0 – $99,999 2 1

$110,000 – $119,999 1 –

$130,000 – $139,999 1 –

$140,000 – $149,999 1 –

$160,000 – $169,999 – 1

$180,000 – $189,999 – 1

$190,000 – $199,999 – 1

$230,000 – $239,999 – 1

$280,000 – $289,999 1 1

$290,000 – $299,999 2 –

$310,000 – $319,999 – 1

$350,000 – $359,999 2 –

Total numbers 10 7

Total amount (exclusive of GST) 2,043 1,446

NOTE 33. REMUNERATION OF AUDITORS

2014 2013

$’000 $’000

Victorian Auditor General’s Office

Audit of the financial statements 295 274

295 274


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AmortisationAmortisation is the expense which results from the consumption, extraction or use over time of a non-produced physical or intangible asset.

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.

BorrowingsBorrowings refers to interest-bearing liabilities mainly raised from public borrowings raised through the Treasury Corporation of Victoria, finance leases and other interest-bearing arrangements.

Comprehensive result The net result of all items of income and expense recognised for the period. It is the aggregate of operating result and other comprehensive income.

Capital asset charge The capital asset charge represents the opportunity cost of capital invested in the non-financial physical assets used in the provision of outputs.

CommitmentsCommitments include those operating, capital and other outsourcing commitments arising from non-cancellable contractual or statutory sources.

Current grantsAmounts payable or receivable for current purposes for which no economic benefits of equal value are receivable or payable in return.

DepreciationDepreciation is an expense that arises from the consumption through wear or time of a produced physical or intangible asset. This expense is classified as a ‘transaction’ and so reduces the ‘net result from transaction’.

NOTE 34. GLOSSARY OF TERMS

Effective interest methodThe 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 benefits 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 expensesEx-gratia expenses mean 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 DSDBI or to meet a legal liability, or to settle or resolve a possible legal liability or claim against DSDBI.

Financial assetA financial asset is any asset that is:

(a) cash;

(b) an equity instrument of another entity;

(c) a contractual 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.


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Financial instrumentA 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 liabilityA financial liability is any liability that is:

(a) A contractual or statutory obligation:

(i) To deliver cash or another financial asset to another entity; or

(ii) 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 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. 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 statementsDepending on the context of the sentence where the term ‘financial statements’ is used, it may include only the main financial statements (i.e. comprehensive operating statement, balance sheet, cash flow statements, and statement of changes in equity); or it may also be used to replace the old term ‘financial report’ under the revised AASB 101 (Sept 2007), which means it may include the main financial statements and the notes.

Grants and other transfersTransactions in which one party provides goods, services, assets (or extinguishes a liability) or labour to another party 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. 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. For this reason, grants are referred to by the AASB as involuntary transfers and are termed non reciprocal transfers.

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 prices 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).

Intangible produced assets

Refer to produced assets in this glossary.

Intangible non-produced assets

Refer to non-produced assets in this glossary.


03 FINANCIAL REPORT

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 leases 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 venturesJoint ventures are contractual arrangements between the department and one or more other parties to undertake an economic activity that is subject to joint control. 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’.

Net result from transactions/net operating balanceNet 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 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, and intangible assets.

Non-produced assetsNon 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 are changes in the volume or value of an asset or liability that do not result from transactions. It includes:

> gains and losses from disposals, revaluations and impairments of non financial physical and intangible assets;

NOTE 34. GLOSSARY OF TERMS (CONTINUED)


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> fair value changes of financial instruments and agricultural assets; and

> depletion of natural assets (non produced) from 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 AAS.

The components of other economic flows – other comprehensive income include:

> change in physical asset revaluation surplus;

> share of net movement in revaluation surplus of associates and joint venturers; and

> gains and losses on remeasuring available-for-sale financial assets.

PayablesIncludes short and long-term trade debt and accounts payable, grants and interest payable.

Produced assetsProduced 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 do not include the start up costs associated with capital projects).

Public financial corporation sectorPublic financial corporations (PFCs) 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 sectorThe 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, PNFC’s are legally distinguishable from governments which own them.

Quasi corporationAn 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.

ReceivablesIncludes amounts owing from Government through appropriation receivable, short and long-term trade credit and accounts receivable, accrued investment income, grants, taxes and interest receivable.

Sales of goods and servicesRefers 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 includes 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.


03 FINANCIAL REPORT

TransactionsTransactions 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) negative numbers

20xx year period

The financial statements and notes are presented based on the illustration for a Government department in the 2013-14 Model Report for Victorian Government Departments. The presentation of other disclosures is generally consistent with other disclosures made in earlier publications of the department’s annual reports.

NOTE 34. GLOSSARY OF TERMS (CONTINUED)


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ACCOUNTABLE OFFICER’S AND CHIEF FINANCE OFFICER’S DECLARATION

We certify that the attached financial report for the Department of State Development, Business and Innovation has been prepared in accordance with Standing Direction 4.2 of the Financial Management Act 1994, applicable Financial Reporting Directions, Australian Accounting Standards 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 Notes forming part of the financial report, presents fairly the financial transactions during the year ended 30 June 2014 and financial position of the department as at 30 June 2014.

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 report for issue on the 4 September 2014.

Howard Ronaldson Jim Strilakos Secretary Chief Finance Officer

Department of State Development, Department of State Development, Business and Innovation Business and Innovation

Melbourne Melbourne 4 September 2014 4 September 2014


03 FINANCIAL REPORT

AUDITOR-GENERAL’S REPORT


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04 APPENDICES

04 APPENDICES


04 APPENDICES

CONTENTSAppendix 1 Disclosure index 118

Appendix 2 Administrative structure of the department 120

Appendix 3 Departmental objectives, indicators and progress 120

Appendix 4 Output groups 123

Appendix 5 Financial review of operations and financial conditions 129

Appendix 6 Grants and related assistance 130

Appendix 7 Consultancies 163

Appendix 8 Budget portfolio outcomes 163

Appendix 9 Workforce information 169

Appendix 10 Human resource management 172

Appendix 11 Human Rights and Responsibilities Charter 176

Appendix 12 International Victorian Government Business Offices 177

Appendix 13 Implementation of the Victorian Industry Participation Policy 193

Appendix 14 Office-based environmental impacts 194

Appendix 15 Legislation administered by the Department of State Development, Business and Innovation 201

Appendix 16 Freedom of Information 203

Appendix 17 Compliance and Attestations 203

> Compliance with the Building Act 1993

> Compliance with DataVic Access Policy

> Compliance with the Disability Act 2006

> Compliance with National Competition Policy

> Compliance with the Protected Disclosure Act 2012

> Declaration of Major Contracts

> Declaration of Pecuniary Interest

> Attestation for compliance with the Ministerial Direction 4.5.5.1 – Insurance

> Attestation for compliance with the Australian/New Zealand Risk Management Standard

Appendix 18 Summary of additional departmental information available upon request 206

Appendix 19 Contact details 207

Appendix 20 Departmental acronyms 210


04 APPENDICES

The annual report of the department is prepared in accordance with all relevant Victorian legislations and pronouncements. This index has been prepared to facilitate identification of the department’s compliance with statutory disclosure requirements.

Legislation Disclosure required Page

MINISTERIAL DIRECTIONS

REPORT OF OPERATIONS – FINANCIAL REPORTING DIRECTION (FRD) GUIDANCE

Charter and purpose

FRD 22E Manner of establishment and the relevant Ministers 5-7

FRD 22E Objectives, functions, powers and duties 45

FRD 22E Nature and range of services provided 5

Management and structure

FRD 22E Organisational structure 6-7

Financial and other information

FRD 8B Budget portfolio outcomes 163-168

FRD 10 Disclosure index 118-119

FRD 12A Disclosure of major contracts 205

FRD 15B Executive Officer disclosures 170

FRD 22E, SD 4.2(k)

Operational and budgetary objectives and performance against objectives123-128

FRD 22E Employment and conduct principles 174

FRD 22E Occupational health and safety policy 172-174

FRD 22E Summary of the financial results for the year 129

FRD 22E Significant changes in financial position during the year 168

FRD 22E Major changes or factors affecting performance 5

FRD 22E Subsequent events n/a

FRD 22E Application and operation of the Freedom of Information Act 1982 203

FRD 22E Compliance with building and maintenance provisions of the Building Act 1993 203

FRD 22E Statement on National Competition Policy 204

FRD 22E Application and operation of the Protected Disclosure Act 2012 204

FRD 22E Application and operation of the Carers Recognition Act 2012 176

FRD 22E Details of consultancies over $10,000 163

FRD 22E Details of consultancies under $10,000 163

FRD 22E Statement of availability of other information 206

FRD 24C Reporting of office-based environmental data 194-200

FRD 25B Victorian Industry Participation Policy disclosures 193

FRD 29 Workforce data disclosures 169-171

SD 4.5.5 Risk management compliance attestation 205

SD 4.5.5.1 Ministerial Standing Direction 4.5.5.1 compliance attestation 205

SD 4.2(g) Specific information requirements 3-33

SD 4.2(j) Sign-off requirements 4

APPENDIX 1 DISCLOSURE INDEX


04 APPENDICES

Legislation Disclosure required Page

FINANCIAL REPORT

Financial statements required under Part 7 of the Financial Management Act 1994

SD4.2(a) Statement of changes in equity 39

SD4.2(b) Operating statement 37

SD4.2(b) Balance sheet 38

SD4.2(b) Cash flow statement 40, 98

Other requirements under Standing Directions 4.2

SD4.2(c) Compliance with Australian accounting standards and other authoritative pronouncements 41

SD4.2(c) Compliance with Ministerial Directions 113

SD4.2(d) Rounding of amounts 42

SD4.2(c) Accountable officer’s declaration 113

SD4.2(f) Compliance with Model Financial Report 41

Other disclosures as required by FRDs in notes to the financial statements

FRD 9A Departmental disclosure of administered assets and liabilities by activity 66-67

FRD 11A Disclosure of ex-gratia expenses 100

FRD 13 Disclosure of parliamentary appropriations 100

FRD 17B Wage inflation and discount rates for employee benefits 56, 83

FRD 21B Disclosures of responsible persons, executive officers and other personnel (contractors with significant management responsibilities) in the financial report 106-107

FRD 26A Accounting for Vic-Fleet motor vehicle lease arrangements on or after 1 February 2004 85

FRD 102 Inventories 71

FRD 103E Non-current physical assets 73-78

FRD 104 Foreign currency 57

FRD 105A Borrowing costs 55, 82

FRD 106 Impairment of assets 49

FRD 109 Intangible assets 81

FRD 110 Cash flow statement 40, 98

FRD 112D Defined benefit superannuation obligations 84

FRD 113 Investments in subsidiaries, jointly controlled entities and associates 80

FRD 114A Financial instruments – General Government entities and public non-financial corporations 88-97

FRD 119A Transfers through contributed capital 39

FRD 120H Accounting and reporting pronouncements applicable to 2013-14 reporting period 58-59

LEGISLATION

Building Act 1983 203

Carers Recognition Act 2012 176

Charter of Human Rights and Responsibilities Act 2006 176

Disability Act 2006 203

Financial Management Act 1994 41

Freedom of Information Act 1982 203

Multicultural Victoria Act 2011 175

Protected Disclosure Act 2012 204-205

Public Administration Act 2004 5, 174

Victorian Industry Participation Policy Act 2003 193

Other legislation administered by the department 201-203


04 APPENDICES

PROMOTE VICTORIA TO ATTRACT TOURISTS, INVESTORS AND STUDENTS

The indicator for this objective is ‘tourists, investors and students attracted’.

In 2013-14, the department:

> implemented a campaign to support the Open Up to More – Melbourne Campaign, as part of Victoria’s China Tourism Strategy to attract Chinese visitors to the state

> continued to implement the Play Melbourne domestic marketing campaign in key interstate markets

> released Victoria’s 2020 Tourism Strategy and Victoria’s Regional Tourism Strategy 2013-2016

> developed the 2013-2016 Regional Tourism Partnership Program

> developed a cooperative marketing campaign with the National Gallery of Victoria (NGV) and Australian Centre for Moving Image (ACMI) to promote the 2013 Melbourne Winter Masterpieces. A total of 27 per cent of attendees at Monet’s Garden (staged at NGV) and the Hollywood Costumes Exhibition (staged at ACMI) were visitors from outside the state

> participated in Tourism Australia’s global Restaurant Australia Campaign.

International visitor expenditure in Victoria for the year ending March 2014 (latest available data) grew to $4.8 billion compared to $4.5 billion in 2012-13, with strong growth from most key markets such as China.

Regional Victoria experienced an increase in domestic visitor expenditure to $7.2 billion in 2013-14 from $7 billion in 2012-13. Victoria experienced growth in the number of domestic overnight visitors to 19.1 million in 2013-14 from 17.8 million visitors in 2012-13.

Victoria has met its target of attracting 28 per cent of international students to Australia. In October 2013, the Government released the IES which outlines an integrated approach to supporting Victorian providers so they are best positioned to maintain market share into the longer term.

The administrative structure of the department as at 30 June 2014 is represented on pages 6-7 of this report. A current version is also available at the department’s website at dsdbi.vic.gov.au

APPENDIX 3 DEPARTMENTAL OBJECTIVES, INDICATORS AND PROGRESS

As outlined in the 2013-14 Budget Paper No. 3 Service Delivery, the department’s objectives, indicators and progress on those indicators are outlined below.

ASSIST BUSINESSES IN ACCESSING SKILLED WORKERS TO ALIGN WITH VICTORIA’S INDUSTRY NEEDS

The indicator for this objective is ‘business skills needs assisted’.

The department’s Business Engagement Model underpins the way DSDBI interacts with industry.

Through this model, the department develops close working relationships with individual businesses to enable the Government to better target support and tailor responses to the specific needs of businesses. This includes training and re-training issues, labour market issues such as employee relations, labour shortages, skilled migration, workforce development, redundancy/retrenchment and a range of skills-based programs and services.


> assisted 1,300 businesses with skills needs, exceeding the target of 1,200 businesses

> achieved 73 per cent of state sponsored skilled migrants working in their nominated field, exceeding the 70 per cent target

> reduced the average processing time for state sponsorship of skilled migration applications to 17 days, well below the target of 28 days

> met its annual target of 85 per cent client satisfaction with migration services provided.

APPENDIX 2 ADMINISTRATIVE STRUCTURE OF THE DEPARTMENT


04 APPENDICES

The department also met its target of four international marketing campaigns, with Victoria Week events held in the UK, Dubai and Mumbai and China to promote the state’s trade and investment opportunities.

SUPPORT ORGANISATIONS TO BOOST THEIR PRODUCTIVITY THROUGH INNOVATION

The indicator for this objective is ‘collaborations assisted’.

During 2013-14, the department launched several programs that directly contributed to this objective, including:

> Driving Business Innovation Program – links Victorian businesses with opportunities to develop innovative products and services for the Victorian public sector

> eServices Register – a new gateway that provides a simplified process for Victorian ICT companies bidding for government work, and allows the Government to make more informed purchasing decisions from a greater range of suppliers as well as monitor the range and scope of eServices engagements

> the $12 million Technology Innovation Fund – supports collaborative projects that harnessed new technologies and transformed government service delivery, while responding to changing citizen expectations and improving productivity in the public sector.


> provided 297 businesses with R&D assistance, exceeding its target of 180 businesses

> linked 691 companies to business networks, exceeding its target of 300 businesses.

The Government’s IVP and MPN Grants programs have been the main contributors to this indicator. The IVP improves the capacity of Victorian SMEs to innovate in order to achieve greater productivity and competitiveness. In 2013-14, 154 vouchers were awarded to assist companies to develop new products, processes and services through access to R&D services and improved innovation skills. The MPN Program encourages SMEs to cooperate in strategic areas of business and exploit opportunities

beyond the reach of each individual business. Over the year the program executed grants worth a total value of $1.7 million to 18 networks and 316 businesses.

Film Victoria also supported this objective indicator and significantly exceeded its 2013-14 targets, supporting increased film, television and digital media productions worth $183 million, well above the annual target of $75 million. These productions provided additional employment of 8,339 jobs, compared to a target of 2,100 jobs.

PROVIDE MARKET INTELLIGENCE AND ASSISTANCE TO ORGANISATIONS TO MAKE IT EASY TO INVEST IN VICTORIA

The indicators for this objective are ‘investment facilitated’ and ‘jobs derived’.

Attracting investment drives job creation, technology uptake, skill and product development and capital growth – all of which are important contributors to the state’s economic strength. To secure investment, the department provides a range of facilitation services, such as specialist advice and assistance with development approvals, site identification services, and advice on infrastructure and utility provision.

In 2013-14 the department exceeded its targets for jobs and investment facilitated. The department attracted $2.6 billion in capital investment compared to $2.2 billion in 2012-13. In 2013-14 it is expected that the capital investment will generate 6,300 jobs compared to 4,737 jobs in 2012-13.

Over $1 billion of the investment in 2013-14 was facilitated from regional Victoria along with 2,910 jobs compared to 1,937 jobs in 2012-13.

Major contributors to the 2013-14 results were investment by the Epworth Hospital, Alstom Australia and the ALDP. Many of these investments were supported by the VGBOs and the regional offices.

Major Projects

The department is responsible for the delivery of complex, technically challenging and unique projects of state significance. In 2013-14 the department was delivering 13 projects with a total state investment of $1.6 billion and a


04 APPENDICES

BVO significantly exceeded expectations with nearly 1.2 million interactions compared to 736,000 in 2012-13.

The Office of the Victorian Small Business Commissioner also assists small and medium businesses with dispute resolution and aims to promote a competitive and fair operating environment for Victorian businesses. In 2013-14 the office received a client satisfaction rating of over 90 per cent exceeding its target of 80 per cent. The proportion of business disputes presented to the Commissioner successfully mediated was over 80 per cent in 2013-14 which also exceeded its target of 75 per cent.

cent of the statewide result. A total of 2,910 jobs were created in regional Victoria in 2013-14 which is over 45 per cent of the state total and an increase from 1,937 jobs created in 2012-13.

Projects approved under the Economic Infrastructure and Putting Locals First Programs exceeded their targets for 2013-14, demonstrating the calibre of projects put forward and increased awareness of these programs through effective stakeholder management.

CREATE MORE OPPORTUNITIES FOR VICTORIAN BUSINESSES TO GROW AND BECOME MORE PRODUCTIVE AND COMPETITIVE IN THE GLOBAL MARKETPLACE

The indicators for this objective are ‘exports facilitated’ and ’businesses engaged and assisted’.

The value of exports facilitated and imports replaced grew to $1.9 billion in 2013-14 compared to $1.55 billion in 2012-13 due to strong outcomes from trade missions facilitated by the department in 2013-14, including four STMs (India, China, South-East Asia, the Middle East and Turkey). The number of businesses participating in export programs also increased to 2,839 businesses in 2013-14 from 2,685 in 2012-13.

The department engaged with 13,000 businesses in 2013-14 exceeding the target of 12,000. New organisational arrangements led to an improvement in delivery during the second half of the financial year.

Business engagement builds close working relationships with individual businesses to enable the Government to better target support and tailor responses to the specific needs of businesses to invest, grow and export. The department uses the business intelligence collected from this engagement to work with firms to address enterprise level constraints, and work with other departments and agencies to resolve more systemic issues. This information also informs the department’s advocacy and policy advice in areas of regulation, infrastructure and labour and skills policy.

Business Victoria Online (BVO) supports businesses to save time and money on compliance, solve business problems and develop skills to help them grow. In 2013-14, business interactions through

combined value of approximately $2.2 billion. These included the Melbourne Markets Relocation Project, Melbourne Park Redevelopment, Shrine: Galleries of Remembrance, Parkville Gardens, Kew Residential Services Project and the VEMTC.

The highlights in 2013-14 were the delivery of the VEMTC and the continued progress on the Shrine: Galleries of Remembrance Project ahead of schedule.

MOG changes

As a result of MOG changes, the ‘energy and earth resources’ and ‘regional development and regional cities’ outputs were transferred to the department in 2013-14. These outputs and their measures were aligned with the ‘Provide market intelligence and assistance to organisations to make it easy to invest in Victoria’ objective for the 2013-14 financial year.

Energy and Earth Resources

Significant progress was made under the ALDP in 2013-14. This program funds the development of pre-commercial brown coal technologies to provide high-value energy products from Victoria’s vast coal reserves for both domestic and export markets. The new projects will contribute $346 million to the ‘new investments facilitated in regional Victoria’ measure.

During the 2013-14 year, the department held 24 stakeholder forums and community engagement sessions compared to the target of 15 under the ‘delivery of stakeholder engagement information forums’ output measure as part of the Clean Coal Victoria work program. The increased number of sessions was to engage the community and provide more information about the possible future development of onshore natural gas including coal seam gas.

During 2013-14, the department’s corporate objectives and performance measures structure was reviewed to reflect the work under the energy and resources output.

Regional Development and Regional Cities

RDV continues to implement the $1 billion RGF to drive investment and jobs in regional Victoria. In 2013-14 regional Victoria generated over $1 billion of new investment, representing more than 40 per


04 APPENDICES

As a result of MOG changes in April 2013:

> the ‘Energy and Resources’ and ‘Regional Development and Regional Cities’ outputs and output measures have been incorporated into the department’s output structure for 2013-14 and are reported against in the table below

> a performance measure relating to WoVG ICT has been incorporated into the department’s output structure for 2013-14 and is reported against in the table below

> a performance measure relating to industrial relations has been transferred to DTF.

Note: The output costs below include Tourism Victoria and Film Victoria, and will not match with Note 2 of the Financial Statements which relate to the operations of the department only.

Output Group Performance Indicator Unit of Measure 2013-14 Target 2013-14 Actual

EMPLOYMENT

Quantity Businesses assisted with skills needs number 1,200 1,300

Higher than anticipated demand due to the announced closure of car makers in Victoria

Government Youth Employment Scheme (YES) – traineeships commenced

number 450 412

There was slightly lower than anticipated placement of YES trainees in some departments for a range of reasons including the availability of supervisors and organisational changes. Unused funds will be re-applied to future years to support additional trainees

Quality Proportion of skilled migrants working in nominated field per cent 70 73

Skilled Migration Victoria – client satisfaction with services provided per cent 85 85

Timeliness Skilled Migration Victoria – average processing time for state sponsorship applications working days 28 17

Applications are being processed faster due to efficiencies with information and communication technologies

Cost Total output cost $ million 15.3 11.1

The underspend in the Employment Output is primarily due to changes in the timing of payments across a number of initiatives but mainly the newer programs of Employment Start Up and Victorian Employment Solutions


Quantity International marketing campaigns to position Victoria globally number 4 4

Number of visitors: domestic overnight number (million) 18.3 19.1

Number of visitors: international number (million) 1.9 2.0

Victoria had a higher number of visitors than anticipated from key markets such as China

Proportion of all international students studying in Victoria per cent 28 28.4

Visitor Expenditure: domestic $ billion 15 15.1

Visitor Expenditure: international $ billion 4.6 4.8

Visitor Expenditure: regional Victoria (domestic) $ billion 7.1 7.2

Visitor Expenditure: regional Victoria (international) $ million 370 316

This reduction primarily relates to a fall in expenditure from traditional western markets. Growing visitation to Victoria is from the eastern hemisphere markets who do not typically disperse into regional Victoria

APPENDIX 4 OUTPUT GROUPS


04 APPENDICES


TOURISM AND MARKETING CONT.

Quality Value of media coverage generated: domestic $ million 20 21

Higher value than anticipated due to the online campaign RCT, and high-value television coverage including Paddock to Plate, Coast Australia, Sunrise and Today Show

Value of media coverage generated: International $ million 40 56.8

Higher value than anticipated due to the online campaign RCT and one-off, high-value broadcast opportunities in Korea, UK and Japan

Victoria’s share of domestics tourism advertising awareness among target markets: intrastate

per cent 16 16.6

Victoria’s share of domestics tourism advertising awareness among target markets: interstate

per cent 25 25


Higher than budget expenditure reflects funding received for major events activities such as Formula 1 Australian Grand Prix, Australian Open, theatre productions and other major events that were not included in the Tourism and Marketing Outputs published budget


Quantity Additional employment from production supported by Film Victoria number 2,100 8,339

Victorian producers secured finance for a greater number of projects than anticipated, enabling Film Victoria to support increased production and employment

Average number of monthly visits to vic.gov.au number 300,000 245,849

The lower than expected result reflects the removal of duplicate content which is now available on other government sites

Businesses provided with R&D assistance number 180 297

Greater than anticipated uptake of assistance primarily as a result of the Innovation and Technology Voucher Program

Companies linked to business networks number 300 691

Higher than anticipated due to the MPN Grants and the Innovation and Technology Voucher Program

Operational Infrastructure Support grants under management number 12 12

Value of film, television and digital media production supported by Film Victoria production

$ million 75 183.01

Victorian producers secured finance for a greater number of projects than anticipated, enabling Film Victoria to support increased production

Establishment or renewal of WoVG ICT contracts number 7 10

The number of government ICT contracts renegotiated was higher than expected, including software licensing and reseller arrangements

Quality Customer satisfaction with information services from Information Victoria

per cent 90 88.4


INVESTMENT ATTRACTION, FACILITATION AND MAJOR PROJECTS

Quantity Jobs derived from investment facilitated number 4,250 6,301

Higher than anticipated due to a number of employment intensive facilitated investment projects, including in regional Victoria

Jobs derived from investment facilitated in regional Victoria number 800 2,910

Additional programs were facilitated through the Victorian Business Flood Recovery Fund and the Latrobe Valley Infrastructure and Industry Fund


04 APPENDICES


INVESTMENT ATTRACTION, FACILITATION AND MAJOR PROJECTS CONT.

New investments facilitated $ million 2,000 2,604

Higher than anticipated investments facilitated including high-value capital intensive projects relating to the health, transport and energy sectors

New investment facilitated in regional Victoria $ million 660 1,094

Higher than anticipated investments facilitated in regional Victoria, including two high-value capital intensive projects relating to the health and transport sectors

Number of major research and evaluation projects completed number 6 6

Quality Management of Major Projects Victoria projects complies with contracted scope*

* Assessment of performance for this measure reflects whether there has been any material variation to contracted scope from the start to the end of the financial year

number 6:6 4:6

Four out of six projects had minimal or no variation to contracted scope. Two projects had material variations to scope, both of which were agreed with the client. The contracted scope for the Melbourne Park Redevelopment - Western Precinct (stage one) has increased for works that have been requested and funded primarily by Melbourne and Olympic Parks Trust and Tennis Australia. The contracted scope for the Kew Residential Services Project was varied to exclude the Heritage Core site. The Heritage Core site will be returned to the state to undertake any further development

Management of Major Projects Victoria projects complies with contracted cost*

* Assessment of performance for this measure reflects any contracted cost variation greater than 5 per cent for projects from the start to the end of the financial year. A variance can occur if a project is delivered under or over budget

number 6:6 3:6

Three out of six projects had minimal or no variation to contracted cost. Three projects varied against contracted cost by five per cent or more. The contracted cost for the Shrine: Galleries of Remembrance has been reduced because some items included in the contract were not required. The contracted cost for the Melbourne Park Redevelopment - Western Precinct (stage one) has increased for works that have been requested and funded primarily by Melbourne and Olympic Parks Trust and Tennis Australia. Scope changes for the Kew Residential Services Project in 2012-13 and 2013-14 led to additional payments to be received by the state of $4.85 million and $4.3 million, primarily relating to development changes.

Melbourne Markets Relocation Project complies with scope, budget and time

number 3:3 3:3

Timeliness Management of Major Projects complies with contracted time*

* Assessment of performance for this measure reflects any contracted time variation greater than 5 per cent for projects from the start to the end of the financial year. A variance can occur if a project is delivered early or late

number 6:6 4:6

Four out of six projects had minimal or variation to contracted time. Two projects varied contracted time by five per cent or more. The contracted completion date for the Shrine: Galleries of Remembrance was varied by being brought forward by 12 weeks, with the agreement of the client. The contracted timelines for the VEMTC Project were extended to the end of March 2014 to allow time for critical safety approvals and the purchase of critical fire training equipment. This extension did not cause any delay to the opening of the facility in June 2014

Cost Total Output Cost $ million 301.4 234.5

The underspend in the Investment Attraction, Facilitation and Major Projects Output is primarily due to a change in the timing of payments for the Investment Support Program and sales for the Kew Residential Services Redevelopment Project being extended into 2014-15. The costs associated with the sales will be incurred against this output in 2014-15


04 APPENDICES



Quantity Businesses participating in export programs number 2,400 2,839

Strong participation due to increased inbound and outbound missions

Value of exports facilitated and imports replaced $ million 1,500 1,909

Strong export outcomes were reported by companies participating in export activities

New exports facilitated in regional Victoria $ million 225 348

A number of investment projects facilitated had significant export outcomes

Quality Client satisfaction with export assistance offered per cent 85 97

A high-level of satisfaction was reported with both the services provided by the department and the outcomes from program participation



Quantity Number of business interactions with services provided by BVO number 750,000 1,199,854

Increased demand and search engine improvements to a responsive format made available on all devices

Number of businesses engaged with the department number 12,000 13,000

Contracting out of service provision resulted in a higher level of business engagement

Subscriptions to Small Business Victoria Update number 60,000 67,881

Growth in social media subscribers was higher than anticipated

Quality Client satisfaction of small business information, referral, mentoring service and business programs

per cent 90 87

Client satisfaction with Victorian Small Business Commissioner mediation service per cent 80 93.6

The high-level of client satisfaction achieved recognises the Victorian Small Business Commissioner’s high-quality, low-cost and timely dispute resolution process

Proportion of business disputes presented to the Victorian Small Business Commissioner successfully mediated

per cent 75 82.7

Mediation success rates vary due to the nature of the dispute mediated and are difficult to predict

Cost Total output cost

The underspend in the Small Business Assistance Output is primarily due to changes in the timing of payments across a number of initiatives but mainly the Building Innovative Small Manufacturers and Success Map for Small Business Programs

$ million 32.6 28.7

REGIONAL DEVELOPMENT AND REGIONAL CITIES

Quantity Economic development, service delivery and community capacity projects funded

number 140 162

Higher than anticipated levels of demand largely due to increased awareness of RGF Programs, greater stakeholder engagement, and the successful development of investment proposals by experienced project proponents

Energy for the Regions Program: number of towns included number 8 1

One agreement was reached in 2013-14. The remaining seven towns were still subject to a tender process at the end of the financial year

Regional infrastructure projects approved by Minister number 100 166

Greater than expected level of interest due to increased awareness of RGF Programs, greater stakeholder engagement, and the successful development of investment proposals by experienced project proponents

Rural councils participating in Rural Councils Victoria network per cent 100 100


04 APPENDICES


REGIONAL DEVELOPMENT AND REGIONAL CITIES CONT.

Quality Participant satisfaction with implementation of RDV programs per cent 80 80

Putting Locals First RGF projects recommended by Regional Development Committees approved for funding

per cent 85 100

The projects recommended by Regional Development Committees were of a high quality and resulted in an increase in the number of projects approved for funding

Regional councils participating at the Regional Victoria Living Expo per cent 80 100

Strong support of this event by local government in regional Victoria

Coordination and implementation of action within agreed performance targets: Transport Connections initiative

per cent 100 100

Timeliness Grants paid within the timeframe specified within the terms and conditions of the funding agreement: Local Government Infrastructure Program

per cent 75 87.5

A higher number of councils reported within agreed timelines


The underspend in the Regional Development and Regional Cities Output is primarily due to changes in the timing of payments associated with the RGF


Quantity Delivery of key milestones for PBSP per cent 100 100

Delivery of AMI Program in line with planned project milestones per cent 100 100

Exercise strategies for maintaining security of electricity and gas supply

number 4 8

Additional exercises were scheduled in the lead up to summer

Earth resource information packages released to industry covering the promotion of new geological data and regulatory guidance material

number 8 8

Major strategic policy briefings to government number 6 6

Delivery of stakeholder engagement information forums as part of the Clean Coal Victoria work program

number 15 24

An increased number of community engagement sessions were held in relation to onshore natural gas

Meetings of the AMI Ministerial Advisory Council conducted in accordance with terms of reference and strategic agenda

number 4 4

Strategic policy briefings on energy matters to portfolio minister number 180 178

Audits completed at mineral and petroleum sites on specific high-risk issues

number 100 132

An additional program of high-risk audits was undertaken in conjunction with the Victorian Environment Protection Agency

Environmental and compliance audits of critical minerals and petroleum sites completed

number 60 60

Minerals and petroleum licences, permits and authorities administered by the department

number 1,700 1,636

Technical Review Board to complete the review of stability reports for LaTrobe Valley coal mines

number 3 3

Quality Proportion of minerals and petroleum publications and packages requiring post-release correction or recall

per cent < 5 0

Exploration and mining licences which are not active per cent < 17.5 15

Number of mine stability audits number 3 3


04 APPENDICES


ENERGY AND RESOURCES CONT.

Timeliness Delivery of milestones facilitated in line with grant agreements for the brown coal R&D grants that form part of the Energy Technology Innovation Strategy (ETIS) initiative

per cent 100 100

Delivery of key milestones in line with Facilitating Low Emission Transition approved project plan

per cent 100 100

Facilitate delivery of milestones in line with grant agreements for the large scale Carbon Capture and Storage demonstration program

per cent 100 0

No grant agreements were in place because the feasibility phase of the CarbonNet Project was not completed. The scope of the future work program will be determined going forward

Facilitate delivery of milestones in line with grant agreements for ETIS Sustainable Energy programs

per cent 100 90

One sustainable energy project has experienced financing difficulties

Submissions to Environment Effects Statements (EES) for earth resource proposals completed according to EES panel timelines

per cent 100 100

Facilitate delivery of milestones for the feasibility stage of CarbonNet Project per cent 100 41.2

The change in the Federal Government resulted in a delay in the release of acreage by the Commonwealth and a delay in completing technical work packages

Facilitate delivery of the implementation plan of the CarbonNet geoscience evaluation program by 2014

per cent 100 50

The Appraisal Plan for the project requires further technical work based on advice from an independent expert

Facilitate delivery of milestones in line with grant agreements under ALDP per cent 100 100

Facilitate delivery of milestones in line with grant agreements under the Low Emission Energy Technologies (LEET) Program

per cent 100 0

No grant agreements have been executed for this program in 2013-14 reflecting the limited basis for new energy technology projects at this time

Minerals and petroleum exploration license applications not determined after three months

per cent < 5 5

Minor delays were due to migration of licence applications to a new database

Mining industry workplans not processed in one month per cent < 5 8

The processing delays were due to two complex industry workplans out of a total of 25

Mining licence applications not determined after four months per cent < 5 0

Earth resource geoscience data packages released to market in line with agreed timetables

per cent > 95 100


The underspend in the Energy and Resources Output reflects changes in the timing of payments particularly for the PBSP, CarbonNet and Energy Technology Innovation Strategy


04 APPENDICES

APPENDIX 5 FINANCIAL REVIEW OF OPERATIONS AND FINANCIAL CONDITIONS

FIVE-YEAR FINANCIAL SUMMARY

2014 2013 2012 2011 2010

$’000 $’000 $’000 $’000 $’000

Revenue from Government 796,231 521,627 523,481 1,279,454 2,035,040

Total income from transactions 940,987 620,892 557,513 1,383,093 2,119,412

Total expenses from transactions (902,141) (606,088) (574,109) (1,389,807) (2,086,992)

Net result from transactions 38,846 14,804 (16,596) (6,714) 32,420

Net result for the period 33,924 11,010 (24,315) (7,557) 24,816

Net cashflow from operating activities 63,013 30,692 (14,166) (33,911) 20,061

Total assets 1,194,330 815,139 682,247 558,578 805,195

Total liabilities 138,856 84,749 71,224 69,027 152,082

Financial performance

The department’s net result from transactions in 2014 was a surplus of $38.8 million compared with a surplus of $14.8 million in 2013. The surplus in 2014 is largely due to timing differences relating to trust income received in the year but the associated expenditure is planned for the following year.

Total income from transactions increased by $320.1 million from the prior year as a result of the incoming RDV and Energy and Earth Resources functions. In addition, there were increased sales for the Kew Residential Services Project and trust income.

Total expenses from transactions increased by $296.1 million from the prior year as a result of the incoming portfolios mentioned above. Consistent with the increase in revenue, for the Kew Residential Services Project there was an increase in the cost of sales.

Total assets increased by $379.2 million mainly due to an increase in cash deposits associated with the RGF that came across with the RDV functions. There was also an increase in property, plant and equipment, land acquisitions and expenditure on the Melbourne Markets Relocation Project.

Total liabilities increased by $54.1 million mainly due to an increase in trade creditors and employee entitlements, reflecting the larger size of the department.


04 APPENDICES

APPENDIX 6 GRANTS AND RELATED ASSISTANCE

As in previous years, the department has provided assistance to companies and organisations. Financial assistance provided in 2013-14 was as follows:

INVESTMENT AND INDUSTRY-RELATED GRANTS

The department’s investment attraction activities include facilitative and financial assistance. In 2013-14, financial assistance of $44.5 million was granted to the companies and organisations listed below.

Note: Details of individual investment grant payments have not been disclosed, as they are deemed commercial-in-confidence.

AEROSPACE AUSTRALIA LIMITED

AIRSTEP AUSTRALIA PTY LTD

AL-KO INTERNATIONAL PTY LIMITED

ALCOA OF AUSTRALIA LIMITED

AUSTRALIAN FURNITURE ASSOCIATION INC

BRUCK TEXTILE TECHNOLOGIES PTY LTD

BRUCK TEXTILES PTY LTD

COTTON ON CLOTHING PTY LTD

CSL LIMITED

DANONE MURRAY GOULBURN PTY LIMITED

DEPARTMENT OF INDUSTRY INNOVATION SCIENCE RESEARCH AND TERTIARY EDUCATION VICTORIA

FILM VICTORIA

FONTERRA AUSTRALIA PTY LTD

FORD MOTOR COMPANY OF AUSTRALIA LIMITED

GEORGE WESTON FOODS LTD

HELLA AUSTRALIA PTY LTD

HOFMANN ENGINEERING PTY LTD

IBM AUSTRALIA LTD

INTERACTIVE PTY LIMITED

LUMA PICTURES PTY LTD

MELBOURNE FOOD & WINE EVENTS LTD

METCASH TRADING LIMITED

NATIONAL ICT AUSTRALIA LTD

NESTLE AUSTRALIA LIMITED

NINE MILE FRESH PTY LTD

PARWAN VALLEY MUSHROOMS PTY LTD

QENOS PTY LTD

SHINE (AUST) PTY LTD

SILVERSTRIPE AUSTRALIA PTY LTD

SPC ARDMONA LIMITED

THALES AUSTRALIA LIMITED

THE ROYAL AGRICULTURAL SOCIETY OF VICTORIA LIMITED

THE SILVER LINING CONSULTING GROUP PTY LTD

TIGER AIRWAYS AUSTRALIA PTY LIMITED

TOYOTA MOTOR CORPORATION AUSTRALIA LTD

UNIVERSITY OF BALLARAT

UNIVERSITY OF MELBOURNE

VISTAPRINT AUSTRALIA PTY LTD

WAGSTAFF CRANBOURNE PTY LTD

WESTPAC BANKING CORPORATION

WINE AUSTRALIA CORPORATION


04 APPENDICES

ENERGY AND EARTH RESOURCES GRANTS

Grant payments totalling $7.1 million were made to companies and organisations in 2013-14 under the department’s ETIS Future Energy 2 Sustainable Energy, LEET and Solar Systems Stage 2 grants. These grants are detailed below.

ETIS FUTURE ENERGY 2 SUSTAINABLE ENERGY

BIOPOWER SYSTEMS PTY LTD $722,639

CETUS ENERGY PTY LTD $167,958

CO2CRC LIMITED $250,000

HOT DRY ROCKS PTY LTD $10,000

MACH SYSTEMS PTY LTD $60,000

MIL-SYSTEMS PTY LTD $285,000

MONASH UNIVERSITY $143,431

RAYGEN RESOURCES PTY LTD $250,000

SPECIALTY COATINGS (AUST) PTY LTD $400,000

UNIVERSITY OF MELBOURNE $1,302,518

TOTAL $3,591,546

LEET

BROWN COAL INNOVATION AUSTRALIA LIMITED $550,000

TOTAL $550,000

SOLAR SYSTEMS STAGE 2

SOLAR SYSTEMS PTY LTD $3,000,000

TOTAL $3,000,000

INNOVATION SERVICES, SMALL BUSINESS AND TECHNOLOGY GRANTS

Grant payments totalling $59.3 million were made to companies and organisations in 2013-14 under the department’s various innovation services, small business and technology programs. These grants are detailed below.

AGENDA FOR NEW MANUFACTURING

MELBOURNE CITY COUNCIL $75,000

VCAMM LIMITED $900,000

TOTAL $975,000

AWARENESS - SCIENCE AND COMMUNITY

AUSTRALIAN SCIENCE MEDIA CENTRE INC $33,000

VESKI $336,000

TOTAL $369,000

BUSINESS DEVELOPMENT PROGRAM - GROW YOUR BUSINESS

2SL PTY LTD $11,500

AIRPORT DOORS $10,000

AQUEOUS SOLUTIONS PTY LTD $11,500

ASSETIC AUSTRALIA PROPRIETARY LIMITED $7,500

AUSFORK PTY LTD $7,500

AUSTRALIAN EATWELL PTY LTD $7,500

AUSTRALIAN FINE FOODS PTY LTD $4,000

AUSTRALIAN FOOD INDUSTRIES PTY LTD $3,900

AUSTRALIAN FRESH LEAF HERBS PTY LTD $3,750

AUSTRALIAN GRAIN SYSTEMS PTY LTD $4,000

AUSTRALIAN WASTE MANAGEMENT PTY LTD $11,450

BIBER FOODS GROUP PTY LTD $4,000

BIRK SOLUTIONS PTY LTD $11,500

BOOSEY CREEK CHEESE PTY LTD $10,475

BREAZE ENTERPRISES PTY LTD $3,750

BRIMBANK CITY COUNCIL $15,000

BRUNTON ENGINEERING & CONSTRUCTION PTY LTD $3,675

BUSY BEE BRUSHWARE PTY LTD $2,100

BUTTERFLY INTERNET PTY LTD $11,114

CADOPEN PTY LIMITED $11,500

CITY OF WHITTLESEA $13,500

CLOYNE HOLDINGS PTY LTD $10,223

COMPLETE WORKWEAR SERVICES PTY LTD $7,500

COULSON TILES PTY LTD $4,000

CRAWFORD CONTAINERS PTY LTD $7,500

DAL ZOTTO WINES PTY LTD $3,000

EARTH SYSTEMS CONSULTING PTY LTD $7,500

EDDINGTON ENGINEERING PTY LTD $11,250

GRAMPIANS TOURISM BOARD INC $4,500

GREATER BENDIGO CITY COUNCIL $13,500

GRIGSBY'S FOUNDRY PTY LTD $11,500

HAND ON INDUSTRIES PTY LTD $4,000

HELDON PRODUCTS AUSTRALIA PTY LTD $11,500

HOBSONS BAY CITY COUNCIL $15,000

HUME CITY COUNCIL $22,500

INDUSTRIAL BRUSHWARE PTY LTD $11,500

J V ORCHARDS PTY LTD $11,438

JOHN B MASSON & ASSOCIATES PTY LTD $7,500

KINGSTON CITY COUNCIL $10,500

KJ INNOVATIONS PTY LTD & RJ INNOVATIONS PTY LTD $11,500


04 APPENDICES

BUSINESS DEVELOPMENT PROGRAM - GROW YOUR BUSINESS CONT.

KLT CONSULTING PTY LTD $4,000

KLUWELL PUBLICATIONS PTY LTD $11,500

KNOX CITY COUNCIL $15,000

LANEY CONSTRUCTIONS PTY LTD $3,975

LATROBE CITY COUNCIL $7,500

M N & L M PETERSON $10,525

MEDIATEN EUROPE CO PTY LTD $8,750

MELBOURNE CPAP SERVICES PTY LTD $3,750

MELTON CITY COUNCIL $10,500

MILDURA DEVELOPMENT CORPORATION INC $5,740

MILLS GLASS PTY LTD $4,000

MOONEE VALLEY CITY COUNCIL $15,000

MORELAND CITY COUNCIL $13,500

MORGAN TECHNICAL CERAMICS AUSTRALIA PTY LIMITED $7,500

MUM'S CHIPS COMPANY PTY LTD $7,500

NATURE LINKS LANDSCAPE MANAGEMENT PTY LTD $4,000

NETEC INDUSTRIES PTY LTD $7,500

NILLUMBIK SHIRE COUNCIL $13,500

NWO GROUP PTY LTD $4,000

OMEGA SECURITY SOLUTIONS $4,000

PLANT PERFORMANCE GROUP PTY LTD $7,500

PNEUVAY ENGINEERING PTY LTD $11,500

R F INDUSTRIES PTY LTD $11,500

RUSBRO HOLDINGS PTY LIMITED $3,975

SELECTRIX INDUSTRIES PTY LTD $11,500

SHAKANDA AUSTRALIA PTY LTD $11,500

SHAPE SHOPFITTERS PTY LTD $4,000

SHARAMUDDI PTY LTD $3,750

SHEOAK TRADING PTY LTD $11,500

SMARTECH DOOR SYSTEMS PTY LTD $4,000

SOUTHERN CROSS RECYCLING GROUP PTY LTD $7,500

SOUTHERN PROCESSING PTY LTD $12,000

SOUTHERN SPREADERS PTY LTD $4,000

SPARKZ INVESTMENTS PTY LTD $3,750

SWANBUILD PTY LTD $7,500

SYNETEK SYSTEMS PTY LTD $11,250

TECWEIGH PTY LTD $7,500

TRI-TECH CHEMICAL CO PTY LTD $11,000

UNIFRAX AUSTRALIA PTY LTD $7,500

UNITED STAR RESOURCE PTY LTD $11,250

BUSINESS DEVELOPMENT PROGRAM - GROW YOUR BUSINESS CONT.

VANLITE PTY LTD $7,500

VICTORIA UNIVERSITY $9,000

WASTE WISE ENVIRONMENTAL PTY LTD $11,500

WATERSHED COMMERCIAL ROOFING PTY LTD $3,000

WATTLE ORGANIC FARMS PTY LTD $5,000

WHITEHORSE CITY COUNCIL $12,000

WICKED WITCH SOFTWARE PTY LTD $6,750

WIMMERA DEVELOPMENT ASSOCIATION INCORPORATED $13,500

WYNCORP PTY LTD $3,636

WYNDHAM CITY COUNCIL $15,000

Y V FRESH PTY LTD $11,500

YARRA CITY COUNCIL $28,500

YARRA RANGES SHIRE COUNCIL $9,000

ZIPTALES PTY LTD $11,500

TOTAL $828,226

BIOMEDICAL RESEARCH

BAKER IDI HEART AND DIABETES INSTITUTE HOLDINGS LIMITED $3,476,606

CENTRE FOR EYE RESEARCH AUSTRALIA LIMITED $1,018,500

LUDWIG INSTITUTE FOR CANCER RESEARCH LTD $1,320,789

MONASH UNIVERSITY $1,131,440

MURDOCH CHILDRENS RESEARCH INSTITUTE $3,283,590

O'BRIEN INSTITUTE $284,711

PRINCE HENRY'S INSTITUTE OF MEDICAL RESEARCH $1,083,163

ST.VINCENT'S INSTITUTE OF MEDICAL RESEARCH $1,540,854

THE BIONICS INSTITUTE OF AUSTRALIA $400,352

THE FLOREY INSTITUTE OF NEUROSCIENCE AND MENTAL HEALTH $3,279,734

THE MACFARLANE BURNET INSTITUTE FOR MEDICAL RESEARCH AND PUBLIC HEALTH LTD $3,398,754

THE WALTER AND ELIZA HALL INSTITUTE OF MEDICAL RESEARCH $5,635,439

TOTAL $25,853,932

BIOTECHNOLOGY

ADALTA PTY LTD $8,000

AKAAL PHARMA PTY LTD $2,500

ALFRED HEALTH $2,690,000

ANATOMICS PTY LTD $2,500

ARRAYWARE PTY LTD $5,500

AUSBIOTECH LTD $10,000


04 APPENDICES

BIOTECHNOLOGY CONT.

MEDICINES DEVELOPMENT LIMITED $2,500

MICRONISERS AUSTRALASIA PTY LTD $2,237

MINIFAB (AUST) PTY LTD $16,000

NEXVET BIOPHARMA PTY LTD $16,000

NPLEX PTY LTD $2,500

NUCLEUS NETWORK LIMITED $5,000

PENINSULA HEALTH $1,345,000

PETER MACCALLUM CANCER INSTITUTE $20,000

PHARMACEUTICAL PACKAGING PROFESSIONALS PTY LTD $2,500

POLYACTIVA PTY LTD $3,000

PRANA BIOTECHNOLOGY LTD $2,500

RAMSEY COOTE HEALTHCARE PTY LTD $6,218

SENZ ONCOLOGY PTY LTD $3,000

SGA SOLUTIONS PTY LTD $3,000

SIENNA CANCER DIAGNOSTICS LIMITED $2,500

SPINIFEX PHARMACEUTICALS PTY LTD $3,000

STARPHARMA PTY LTD $6,000

SYNTHESIS MED CHEM PTY LTD $2,500

SYPHARMA PTY LTD $2,500

TELEZON LIMITED $10,729

THE ENTERPRISE EVOLUTION GROUP PTY LTD $2,500

VERVA PHARMACEUTICALS LIMITED $3,000

V-PATCH MEDICAL SYSTEMS 1 PTY LTD $2,500

TOTAL $6,361,530

CARBON MARKETS

CARBON MARKET INSTITUTE LIMITED $324,157

CLIMATE CHANGE AUTHORITY $316,360

TOTAL $640,517

COLLABORATIVE NETWORKS FOR TECHNOLOGY TRANSFER

DAIRY INNOVATION AUSTRALIA LIMITED $80,000

TOTAL $80,000

CONNECTING VICTORIA

$30 DATE NIGHT PTY LTD $5,000

121CAST PTY LTD $5,000

1440 PRODUCTIONS PTY LTD $5,000

199NFORM PTY LTD $16,000

ADILAM TECHNOLOGIES PTY LTD $1,754

ADWEB PTY LTD $7,839

BIOTECHNOLOGY CONT.

AUSTIN HEALTH $20,000

AUSTRALIAN SPORTS TECHNOLOGIES NETWORK LTD $2,500

AXXIN PTY LTD $14,574

BIO 21 AUSTRALIA LIMITED $432,456

BIO NOVA INTERNATIONAL PTY LTD $8,000

BIOCONSULT PTY LTD $3,000

BIODIEM LTD $5,000

BIOMEDTECH AUSTRALIA PTY LTD $20,032

BIOMELBOURNE NETWORK INC $2,500

BIOSYNERGY PARTNERS PTY LTD $2,500

BORON MOLECULAR PTY LIMITED $8,000

CANCER THERAPEUTICS CRC PTY LTD $147,050

CECAP PTY LTD $2,500

CELL CARE AUSTRALIA PTY LTD $2,500

CERES ONCOLOGY PTY LTD $2,500

CIRCA GROUP PTY LTD $6,499

CIRCADIAN TECHNOLOGIES LIMITED $2,500

CLINUVEL PHARMACEUTICALS LIMITED $3,000

COGSTATE LTD $2,500

COMPUTIST BIO-NANOTECH PTY LTD $7,309

DENTAL HEALTH SERVICES VICTORIA $1,325,000

DIAMOND OPTICS PTY LTD $2,444

DRAWBRIDGE PHARMACEUTICALS PTY LTD $3,000

EASTERN HEALTH $20,000

ELK ORTHOBIOLOGICS LIMITED $3,000

ENDOGENE LTD $7,500

EUSTRALIS PHARMACEUTICALS LTD $3,000

EVADO PTY LTD $8,000

FAIRMONT MEDICAL PRODUCTS PTY LIMITED $12,000

FIBROTECH THERAPEUTICS PTY LTD $2,500

HEALTH MEDIA GROUP PTY LTD $2,005

HEPSEEVAX PTY LTD $2,500

HOFESH ENTERPRISES PTY LTD $2,500

IDT AUSTRALIA LIMITED $50,000

IMMURON LIMITED $2,500

INGENEUS PTY LTD $2,500

INTELLIMEDICAL TECHNOLOGIES PTY LTD $2,500

INTELLIRAD SOLUTIONS PTY LTD $20,000

IT HEALTH & WELLNESS PTY LTD $2,500

LARGOS SERVICES PTY LTD $1,977

MEDICAL DEVELOPMENTS INTERNATIONAL LTD $8,000


04 APPENDICES

CONNECTING VICTORIA CONT.

EQUEUE PTY LTD $9,000

F E TECHNOLOGIES PTY LTD $8,949

FABRIC GROUP PTY LTD $2,411

FC SOFTWARE SOLUTIONS PTY LTD $10,000

FELSTEAD ENTERPRISES PTY LTD $2,330

FERNSTAR PTY LTD $7,014

FMEVOLUTION PTY LTD $1,839

FOCUS SEARCH PTY LTD $2,500

GAZUNTI PTY LTD $2,500

GENIX VENTURES PTY LTD $7,500

GEOMANTIA PTY LTD $2,500

GLOBAL XCHANGE PTY LTD $5,000

GRAPPLE GUN GAMES PTY LTD $2,446

HUMAN EDGE SOFTWARE CORPORATION PTY LIMITED $2,469

IMPROMPTU GAMES PTY LTD $2,500

INDUSTRY POWER PTY LTD $121,570

INFERENCE SOLUTIONS PTY LTD $8,000

INLIGHT MEDIA PTY LTD $2,500

INOMIAL PTY LTD $2,500

IPCOMPUTE PTY LTD $6,755

J R SYSTEMS PTY LTD $15,398

JAIRUS PTY LTD $2,500

JIGXOR PTY LTD $2,500

KAILO MEDICAL PTY LTD $8,000

KANGAN BATMAN INSTITUTE OF TAFE $5,000

KINGFISHER INTERNATIONAL PTY LTD $8,000


KUMOBIUS PTY LTD $4,756

LABRAT AUSTRALIA PTY LTD $7,500

LEAGUE OF GEEKS PTY LTD $4,488

LEOOP PTY LTD $3,737

LIST FACTORY PTY LTD $2,500

LIVESTOCK SALEYARDS ASSOCIATION OF VICTORIA INCORPORATED $98,000

LOVESHACK ENTERTAINMENT PTY LTD $5,000

MAGIAN MEDIA STUDIO PTY LTD $8,000

MCOMMS DESIGN PTY LTD $2,500

MEDIA EQUATION PTY LTD $2,500

MEDIA SAINTS PTY LTD $1,676

MEDIAPROXY PTY LTD $20,360

MEYLA PTY LTD $2,500

MIGENIUS PTY LTD $5,000

MILLIPEDE CREATIVE DEVELOPMENT PTY LTD $2,500


AGENT ORIENTED SOFTWARE PTY LTD $2,464

AIR-RADIATORS PTY LTD $42,350

ANALYTICAL SYSTEMS PTY LTD $4,751

ANTEVO PTY LTD $2,500

ATOMIC MEDIA PTY LTD $5,000

AUSTRALIAN INFORMATION INDUSTRY ASSOCIATION LIMITED $80,000

AUSTRALIAN INTERACTIVE MEDIA INDUSTRY ASSOCIATION INC $35,000

AVARA TECHNOLOGIES PTY LTD $5,000

BESTRANE GROUP PTY LTD $2,500

BIG ANT STUDIOS PTY LTD $2,500

BIONIC CORPORATION PTY LTD $2,500

BIZ CATALYST PTY LTD $2,500

BJA CONSULTING PTY LTD $2,474

BLACKCOMPASS SOFTWARE PTY LTD $4,000

BLUEDOG PRODUCTIONS (VIC) PTY LTD $5,000

BLUEFISH TECHNOLOGIES PTY LTD $18,500

BOGAN ENTERTAINMENT SOLUTIONS PTY LTD $2,500

BRAWSOME PTY LTD $2,500

BSI ENTERPRISE PTY LTD $2,500

C8APPS PTY LTD $5,605

CAPTURE PLAN PTY LTD $8,000

CARCLOUD PTY LTD $8,000

CAREMONKEY PTY LTD $2,500

CASHTIVITY PTY LTD $4,000

CATERRA PTY LTD $10,788

CHECKBOX STUDIOS PTY LTD $2,500

CLARINOX TECHNOLOGIES PTY LTD $12,318

CLICKTIX PTY LTD $2,500

CLOUDKEY TECHNOLOGIES PTY LTD $7,471

COINJAR PTY LTD $5,012

COMMANDFUSION PTY LTD $10,000

CORNERSTONE SOLUTIONS PTY LTD $2,500

CURRENT STUDIOS PTY LTD $11,875

CYBERDYNE PTY LTD $2,500

DIGITAL EDUCATION SERVICES PTY LTD $5,000

DIGITALL PTY LTD $2,500

DIME STUDIOS PTY LTD $1,905

E LEX RATIO PTY LTD $2,500

ELLISON DESIGN PTY LTD $2,500

EMBROSS GROUP PTY LTD $10,000

EMERGENCY WARNING SYSTEMS PTY LTD $2,500

ENITIATIVES.COM PTY LTD $8,000


04 APPENDICES


SILVERSTRIPE AUSTRALIA PTY LTD $40,000

SOUND LIBRARIAN PTY LTD $2,500

SOURCEDYNAMIX ASIA PACIFIC PTY LTD $2,500

SPACE DUST STUDIOS PTY LTD $2,500

SPINIFEX IT GLOBAL PTY LTD $8,000

STARTUPVIC LIMITED $50,000

STOPMOTIONPRO PTY LTD $3,371

STRAIGHT RIGHT PTY LTD $2,500

SUN MOON INVESTMENTS PTY LTD $5,000

SURPRISE ATTACK PTY LTD $14,911

SYNETEK SYSTEMS PTY LTD $2,500

SYPAQ SYSTEMS PTY LTD $2,500

TABLO PTY LTD $6,016

TANTALUS MEDIA PTY LTD $5,000

TECHNOLOGY CORE PTY LTD $2,500

TECHS4BIZ AUSTRALIA PTY LTD $2,500

THE CONVERSATION MEDIA GROUP LIMITED $50,000

THE LOFT GROUP PTY LTD $2,197

THE MASTERMIND GROUP PTY LTD $2,500

THE ONLINE CIRCLE PTY LTD $2,500

THE VOXEL AGENTS PTY LTD $2,500

THREE SPROCKETS PTY LTD $4,000

TORUS GAMES PTY LTD $5,000

TRAINSEM PTY LTD $2,494

TWIITCH PTY LTD $7,500

TWO BULLS HOLDINGS PTY LTD $2,500

UMBRELLA ENTERTAINMENT PTY LTD $2,500

UNITYHEALTH PTY LTD $2,500

UNIVERSITY OF MELBOURNE $5,103

VASTPARK PTY LTD $2,500

VICTORIAN PARTNERSHIP FOR ADVANCED COMPUTING LIMITED $2,500

WEB IP PTY LTD $4,000

WEBCASTING PTY LTD $2,500

WICKED WITCH SOFTWARE PTY LTD $4,000

X-COMPANY PTY LTD $2,500

XDT PTY LTD $8,000

XELON ENTERTAINMENT PTY LTD $5,000

XENON SYSTEMS PTY LTD $5,000

YTEK PTY LTD $4,000

ZOOMORPHIX SYSTEMS PTY LTD $8,000

TOTAL $1,785,531


MINDATLAS PTY LTD $5,000

MMGN.COM PTY LTD $2,481

MONEY 101 - MONEY FOR LIFE PTY LTD $12,000

MY LIFESTYLE REMOTE PTY LTD $2,500

MY MEDIA INTERNATIONAL PTY LTD $2,364

NEW MEDIA INNOVATION PTY LTD $2,500

NOVATTI PTY LTD $16,000

NSYNERGY OSC PTY LTD $4,000

OPERATIONS & MAINTENANCE CONSULTING SERVICES PTY LTD $8,000

OPTIMISING PTY LTD $2,500

OPTOTECH PTY LTD $7,500

OUTTRIPPIN PTY LTD $7,975

OZIRIG PROPRIETARY LTD $6,209

PACE MARKETING PTY LTD $2,500

PARCUS GROUP PTY LTD $2,500

PEPPERSTACK PTY LTD $2,500

PERCEPSCION PTY LTD $6,500

PHM TECHNOLOGY PTY LTD $8,450

PIXEL PICKLE GAMES PTY LTD $2,500

PODZY PTY LTD $2,500

POLICE DEPARTMENT (VIC) $120,000

PORTABLE AUSTRALIA PTY LTD $5,000

PORTERFIELD PTY LTD $2,500

POZIBLE PTY LTD $2,500

PRECISION SYSTEMS INTERNATIONAL IP PTY LTD $2,500

PROCEPT PTY LTD $2,500

PROFESSIONAL SERVICES CHAMPIONS LEAGUE PTY LTD $4,000

QMCODES PTY LTD $2,500

QUALISTAFF PTY LTD $2,500

RECTIFIER TECHNOLOGIES PACIFIC PTY LTD $7,500

REVELATION SOFTWARE CONCEPTS PTY LTD $24,000

ROBOT CIRCUS PTY LTD $2,500

ROME2RIO PTY LTD $10,500

RUBBER MUSIC PTY LTD $2,500

S P KEASEY TRADING CO PTY LTD $2,500

SAFE SLEEP SPACE PTY LTD $1,656

SASS MEDIA PTY LTD $7,500

SENTIENT VISION SYSTEMS PTY LTD $8,000

SETAWAY PTY LTD $7,500

SHAKER & ASSOCIATES PTY LTD $5,000

SHINY PTY LTD $196,000


04 APPENDICES

EXPORT VICTORIA

COUNTRY CUISINE (AUST) PTY LTD $2,498

TOTAL $2,498

GENERAL GRANTS FUNDING

LAKE TYERS ABORIGINAL TRUST $138,000


TOTAL $328,909

ICT SKILLS

COMMUNICATIONS AND INFORMATION TECHNOLOGY TRAINING LIMITED $27,273

TOTAL $27,273

INDUSTRY CAPABILITY NETWORK

INDUSTRY CAPABILITY NETWORK (VICTORIA) LIMITED $1,926,208

TOTAL $1,926,208

INFORMATION VICTORIA GENERAL PURPOSE TRUST ACCOUNT

SPATIAL INDUSTRIES BUSINESS ASSOCIATION LIMITED $20,000

THE ROYAL AGRICULTURAL SOCIETY OF VICTORIA LIMITED $30,000

TOTAL $50,000

INNOVATION AND TECHNOLOGY PROJECTS

3D MEASUREMENT SERVICES $10,000

ABSOLUTELY POSITIVE PTY LTD $7,500

ACCELEON PTY LTD $50,000

ADALTA PTY LTD $50,000

ADVANCED MANUFACTURING CRC LIMITED $1,650

ADVANCED MOLECULAR TECHNOLOGIES PTY LTD $50,000

ALTRUTEC PTY LTD $10,000

ARRAYWARE PTY LTD $20,000

AUSPEP PTY LTD $2,155

AUSTRALIAN DESIGN LAB $11,800

BAYLY GROUP PTY LTD $50,000

BERRY DESIGN PTY LTD $15,000

BITC $20,169

BLU OAK PTY LTD $6,000

BSI SERVICES PTY LIMITED $50,000

CHURCHILL ATTORNEYS $3,600


CO-OPERATIVE RESEARCH CENTRES (CRC) SUPPORT PROGRAM


CANCER THERAPEUTICS CRC PTY LTD $38,000

COMMONWEALTH SCIENTIFIC AND INDUSTRIAL RESEARCH ORGANISATION $4,313

HEARING CRC LTD $8,000

ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY $15,000


UNIVERSITY OF SOUTH AUSTRALIA $8,000

TOTAL $126,313

DESIGN SECTOR STRATEGY

ALLORI PTY LTD $2,500

AUTOMOTIVE PERFORMANCE SOLUTIONS PTY LTD $2,500

BROACHED COMMISSIONS PTY LTD $8,000

BURY CONSULTING PTY LIMITED $3,924

COBALT NICHE DESIGN PTY LTD $10,000

CRUMPLER PTY LTD $18,000

D P MENG PTY LTD $1,958

DEAKIN UNIVERSITY $6,975

DENIM 108 PTY LTD $5,000

EMILY KATE DOIG $4,440

FEDERATION UNIVERSITY AUSTRALIA $7,500

GREAT EIGHT PTY LTD $10,000

INCLUSIVE DESIGN SERVICES $2,500

LIFE WITH BIRD PTY LTD $8,000

MAGIAN DESIGN STUDIO PTY LTD $16,000



NAOMI MILGROM FOUNDATION $100,000

OUTER SPACE DESIGN GROUP PTY LTD $2,500

RIPE MATERNITY WEAR PTY LTD $10,000


SURPLLUS PTY LTD $2,500

SWINBURNE UNIVERSITY OF TECHNOLOGY $22,738

THE LOFT GROUP PTY LTD $2,500

WILDING NOMINEES PTY LTD $2,500

TOTAL $300,333

EGOVERNMENT INNOVATION FUND TRUST

DEPARTMENT OF JUSTICE VICTORIA $337,500

TOTAL $337,500


04 APPENDICES

INNOVATION AND TECHNOLOGY PROJECTS CONT.


COBALT NICHE DESIGN PTY LTD $25,000


CTQ MANAGEMENT SERVICES $26,750

D S DESIGN PTY LTD $12,500

DATA STORAGE SOLUTIONS PTY LTD $21,840

DAVIES COLLISON CAVE LAW PTY LTD $25,000


DIEFFENBACHER GMBH $50,000

DIUS COMPUTING PTY LTD $50,000

DOUGLAS P DUKE $12,175

DUXTEL PTY LTD $5,000

ESTHER STAMATOULA APOS $25,000

EXEMPLAR TECHNOLOGIES PTY LTD $25,000

FABRICS AND COMPOSITES SCIENCE AND TECHNOLOGIES $25,000

GHD PTY LTD $50,000

GLOBAL VISIONEERING PTY LTD $25,000

GP GRADERS (VICTORIA) PTY LTD $50,000

GREY INNOVATION PTY LTD $150,000

HYDRIX PTY LTD $50,000

IDEATION PTY LTD $25,000

INGENEUS PTY LTD $50,000

INITIAL CONCEPT ENGINEERING INDUSTRIES PTY LTD $25,000

INNOVATION MANAGEMENT CONSULTANTS PTY LTD $18,000

INSIGHT ENGINEERING AUSTRALIA PTY LTD $74,831

INVENTIUM PTY LTD $56,791

INVOLVE AUDIO PTY LTD $49,600

KIANDRA IT PTY LTD $23,813

KMH ENVIRONMENTAL ENGINEERING PTY LTD $16,000

KOBE CREATIONS $25,000

LA TROBE UNIVERSITY $116,656

LABTAM PTY LTD $49,000

LEAP AUSTRALIA PTY LTD $30,000

LOGICALTECH DIGITAL PTY LTD $39,356

M MURRAY AND ASSOCIATES PTY LTD $4,500

MELBOURNE TESTING SERVICES PTY LTD $11,040


MJS CONTROL SYSTEMS $10,000


INNOVATION AND TECHNOLOGY PROJECTS CONT.

MOONTIDE PTY LTD $50,000

NATIONAL ICT AUSTRALIA LIMITED $25,000

NBS DIGITAL PTY LTD $18,000

NET BALANCE MANAGEMENT GROUP PTY LTD $10,000

NEWCASTLE INNOVATION LIMITED $18,380

OUTER SPACE DESIGN GROUP PTY LTD $27,800

PLANET INNOVATION PTY LTD $344,000

POLAR BEAR ENTERPRISE PTY LTD $25,000

PROCEPT PTY LTD $75,000

PRODUCTION STAMPING CO PTY LTD $5,000

PYKSIS PTY LIMITED $60,000

REACTIVE MEDIA PTY LTD $50,000

ROBERT JEFF RYAN $15,000


RSJ ENGINEERING PTY LTD $6,000

SCAN XPRESS PTY LTD $25,000

SHEPPARTON DISTILLERIES PTY LTD $50,305

SPLAT CONTROLS PTY LTD $50,000

SUCCESSFUL ENDEAVOURS PTY LTD $25,000


SYNCHROTRON LIGHT SOURCE AUSTRALIA PTY LTD $10,000

TELFORD SMITH ENGINEERING PTY LTD $144,678

THE UNIVERSITY OF NEW ENGLAND $24,000

TREADSTONE ENTERPRISES PTY LTD $110,000

UNIQUE MICRO DESIGN PTY LTD $50,000

UNIVERSITY OF BALLARAT $10,000


UOM COMMERCIAL LTD $5,000

VATIVE PTY LTD $57,500

VCAMM LIMITED $25,000

VIKING PLASTICS ENGINEERING PTY LTD $4,216

WAVE DIGITAL PTY LTD $45,432

WHEEZYTECH PTY LTD $24,816

XHTMLIZED PTY LTD $25,000

TOTAL $4,218,745

MOVIEXPERIENCE

AUSTRALIAN CENTRE FOR THE MOVING IMAGE $20,000

TOTAL $20,000


04 APPENDICES

OFFICE OF THE LEAD SCIENTIST


TOTAL $40,000

SCIENCE AND TECHNOLOGY R&D FUND

ALFRED HEALTH $2,500

BIODETECTORS PTY LTD $2,500

JEWISH CARE (VICTORIA) INC $2,500


MEDICAL EDGE PTY LTD $2,500

NIPV PTY LTD $2,500

SUSTAINABILITY VENTURES PTY LTD $2,500



YORAM REGEV $2,500

TOTAL $27,273

SKILLS FOR GROWTH

ARARAT RURAL CITY COUNCIL $12,613

BALLARAT CITY COUNCIL $5,000

BANYULE CITY COUNCIL $9,800

BASS COAST SHIRE COUNCIL $25,000

BAW BAW SHIRE COUNCIL $25,000

BAYSIDE CITY COUNCIL $10,000

BENALLA RURAL CITY COUNCIL $10,000

BOROUGH OF QUEENSCLIFFE $5,000


CASEY CITY COUNCIL $10,000

CENTRAL GOLDFIELDS SHIRE COUNCIL $9,883

CITY OF BOROONDARA $24,600

CITY OF DAREBIN $5,000

CITY OF GREATER DANDENONG $10,000

CITY OF GREATER GEELONG $10,000

CITY OF PORT PHILLIP $10,000

COLAC OTWAY SHIRE $5,000

CORANGAMITE SHIRE COUNCIL $4,000

DIMBOOLA BUSINESS ASSOCIATION INC $500

EAST GIPPSLAND SHIRE COUNCIL $15,000

FRANKSTON CITY COUNCIL $20,000

GANNAWARRA SHIRE COUNCIL $3,800

GOLDEN PLAINS SHIRE COUNCIL $600

GREATER SHEPPARTON CITY COUNCIL $5,000

GREEK PRECINCT ASSOCIATION INC $2,500

SKILLS FOR GROWTH CONT.

HINDMARSH SHIRE COUNCIL $9,000

HORSHAM RURAL CITY COUNCIL $9,000

INDIGO SHIRE COUNCIL $10,000



LODDON SHIRE COUNCIL $25,000

MAINSTREET AUSTRALIA INC $15,000

MANNINGHAM CITY COUNCIL $10,000

MANSFIELD SHIRE COUNCIL $5,000

MAROONDAH CITY COUNCIL $20,000


MILDURA RURAL CITY COUNCIL $20,000

MITCHELL SHIRE COUNCIL $10,000

MOIRA SHIRE COUNCIL $20,000

MONASH CITY COUNCIL $19,350



MORNINGTON PENINSULA SHIRE COUNCIL $8,500

MOYNE SHIRE COUNCIL $3,760

NORTHERN GRAMPIANS SHIRE COUNCIL $9,000

PYRENEES SHIRE COUNCIL $10,000

SALE BUSINESS AND TOURISM ASSOCIATION INCORPORATED $5,000

SMITH STREET BUSINESS ASSOCIATION INC $2,500

SORRENTO PORTSEA CHAMBER OF COMMERCE INC $2,500

SOUTH GIPPSLAND SHIRE COUNCIL $10,000

SOUTHERN GRAMPIANS SHIRE COUNCIL $10,000

STONNINGTON CITY COUNCIL $10,250

SUNSHINE BUSINESS ASSOCIATION INC $5,000

SURF COAST SHIRE $25,000

SWAN HILL PROMOTIONS AND DEVELOPMENT CORPORATION INC $5,000

SWAN STREET VILLAGE TRADERS ASSOCIATION INC $5,000

SYDNEY ROAD BRUNSWICK ASSOCIATION INC $2,500

THE AUSTRALIAN RETAILERS ASSOCIATION $17,000

WARRANDYTE BUSINESS ASSOCIATION INC $2,500

WARRNAMBOOL CITY COUNCIL $5,000

WELLINGTON SHIRE COUNCIL $5,000

WEST WIMMERA SHIRE COUNCIL $29,000

WHITEHORSE CITY COUNCIL $15,000

WODONGA CITY COUNCIL $5,000



04 APPENDICES

VESKI INC

VESKI $391,500

VICTORIAN ENDOWMENT FOR SCIENCE, KNOWLEDGE & INNOVATION LTD $216,500

TOTAL $608,000

VICTORIAN INNOVATION STRATEGY


ANZA TECHNOLOGY NETWORK LIMITED $40,000


COMPOSITES AUSTRALIA INC $60,000

COUNCIL OF TEXTILE & FASHION INDUSTRIES OF AUSTRALIA LIMITED $80,000

DEPARTMENT OF ENVIRONMENT AND PRIMARY INDUSTRIES VICTORIA $112,500

HOWARD FLOREY INSTITUTE PTY LTD $166,005


MELBOURNE HEALTH $791,386


MRCF PTY LTD $400,000

MURRAY GOULBURN CO-OPERATIVE CO LTD $242,580


SCALE INVESTORS LIMITED $50,000

SYNCHROTRON LIGHT SOURCE AUSTRALIA PTY LTD $1,700

THE SONG ROOM $7,394


TOTAL $2,570,835

VICTORIAN INNOVATION STRATEGY - INNOVATION

ANZA TECHNOLOGY NETWORK LIMITED $50,000

AVIPEP PTY LTD $50,000

DEAKIN UNIVERSITY $1,000,000


MELBOURNE WATER $450,000


POLYMERS CRC LTD $140,000


ROYAL CHILDREN'S HOSPITAL $450,000

ROYAL VICTORIAN EYE & EAR HOSPITAL $450,000

SCALE INVESTORS LIMITED $100,000


WESTERN HEALTH $450,000

TOTAL $4,132,500

SKILLS FOR GROWTH CONT.

YARRA CITY COUNCIL $10,000

YARRIAMBIACK SHIRE COUNCIL $9,000

TOTAL $696,691

TEXTILE AND FASHION HUB

COUNCIL OF TEXTILE & FASHION INDUSTRIES OF AUSTRALIA LTD $100,000

TOTAL $100,000

TIME TO THRIVE 2

SMALL BUSINESS MENTORING SERVICE INC $200,000

TOTAL $200,000

VICTORIAWORKS FOR INDIGENOUS JOBSEEKERS PROGRAM

A.R.T EMPLOYMENT PTY LTD $121,000

COLLINGWOOD FOOTBALL CLUB LIMITED $143,500

ESSENDON FOOTBALL CLUB $188,800

GROUP TRAINING ASSOCIATION OF VICTORIA INC $262,080

KAIELA INSTITUTE LIMITED $97,500

LINK EMPLOYMENT & TRAINING INC $149,640


MUNICIPAL ASSOCIATION OF VICTORIA $30,000

RUMBALARA FOOTBALL NETBALL CLUB INC $125,300

ST KILDA YOUTH SERVICE INC $113,775

SWAN HILL RURAL CITY COUNCIL $172,480


TIGERS IN COMMUNITY FOUNDATION LIMITED $93,750

VICTORIAN ABORIGINAL COMMUNITY SERVICES ASSOCIATION LIMITED $229,800

VICTORIAN RUGBY UNION INC $232,750

VICTORIAN TRANSPORT ASSOCIATION INC $60,500

WODONGA CITY COUNCIL $76,500

WORN GUNDIDJ ABORIGINAL CO-OP LTD $153,900

TOTAL $2,416,075

VICTORIAN ENDOWMENT FOR SCIENCE, KNOWLEDGE AND INNOVATION (VESKI) FELLOWSHIPS AND SCHOOL MENTORING

VESKI $650,000

TOTAL $650,000


04 APPENDICES

VICTORIAN INNOVATION STRATEGY - TECHNOLOGY

AUSTRALIAN CENTRE FOR THE MOVING IMAGE $20,000

AXXIN PTY LTD $62,500

BENDIGO SENIOR SECONDARY COLLEGE $83,971

BIO 21 AUSTRALIA LIMITED $168,099

BIOMELBOURNE NETWORK INC $5,000

CAREERLOUNGE PTY LTD $15,000

CENTRAL HIGHLANDS AGRIBUSINESS FORUM INC $7,500



DONWOOD COMMUNITY AGED CARE SERVICES INC $23,089

EUREKA ! AGRESEARCH (VIC) PTY LTD $75,800


HOWARD FLOREY INSTITUTE PTY LTD $166,004

JOHN MONASH SCIENCE SCHOOL $57,000

KONNECTIVE PTY LTD $46,000

LIFE SAVING VICTORIA LIMITED $42,000


MONASH UNIVERSITY $1,205,565

NATIONAL SAFETY AGENCY LTD $106,680

SMALL TECHNOLOGIES CLUSTER LTD $240,000

THE FLOREY INSTITUTE OF NEUROSCIENCE AND MENTAL HEALTH $180,000

UNITINGCARE REGEN $5,549


VICTORIA STATE EMERGENCY SERVICE AUTHORITY $22,000

TOTAL $2,754,842

VICTORIAN RESEARCH SCHOLARSHIPS




TOTAL $900,000

OFFICE OF THE CHIEF OPERATING OFFICER GRANTS

Grant payments totalling $2.1 million were made to companies and organisations in 2013-14 by the department’s office of the chief operating officer. These grants are detailed below.

COMMUNITY SUPPORT FUNDING



CITY OF BOROONDARA $25,000

FRANKSTON CITY COUNCIL $71,916



TOTAL $427,916

GENERAL GRANTS FUNDING

RESOURCEFUL AUSTRALIA PTY LTD $300,000

TOTAL $300,000

MAJOR EVENTS


TOTAL $150,000

MELBOURNE FASHION FESTIVAL

MELBOURNE FASHION FESTIVAL LTD $650,000

TOTAL $650,000

REGIONAL DEVELOPMENT AUSTRALIA


DIGITAL BUSINESS INSIGHTS PTY LTD $70,000

EASTERN VOLUNTEER RESOURCE CENTRE INC $20,000

GROWTH AREAS AUTHORITY $48,000


LEADWEST LTD $50,000

MAROONDAH CITY COUNCIL $15,000

MELBOURNE'S NORTHERN ECONOMIC WEDGE INC $145,000



PREVENTIONXPRESS PTY LTD $22,000

SMALL TECHNOLOGIES CLUSTER LTD $45,000

SOUTH EAST MELBOURNE MANUFACTURERS' ALLIANCE INC $40,000


TOTAL $610,000


04 APPENDICES

EMPLOYMENT START UP

10FOLD PTY LTD $4,000

2MH CONSULTING PTY LTD $4,000

A & K HAZELDENE PTY LTD $4,000

A G & L M O'DONNELL $1,000

ABOUZEID BROS INTERNATIONAL TRADING PTY LTD $5,000

ADVANCED SERVICE CENTRE (VIC) PTY LTD $4,000

ALL STAR BAKING PTY LTD $1,000

ALLMAX PTY LTD $4,000

ALREADY PLASTERED PTY LTD $1,000

AMALGAM ENTERPRISES PTY LTD $4,000

AMI FIDELE PTY LTD $1,000

ANDIAMO LANDSCAPING PTY LTD $1,000

ANTHONY ROBERT ELLIS $1,000

ANYTHING SOLAR PTY LTD $1,000

ARCHIBLOX PTY LTD $4,000

ATLITE (AUSTRALIA) PTY LTD $4,000

AUSTRALIAN ASSESSMENT TECHNOLOGIES PTY LTD $4,000

AWARD BRANDS PTY LTD $1,000

AYMANOR PTY LTD $1,000

B & M ELECTRIC PTY LTD $4,000

B & P JOINERY PTY LTD $1,000

B AND Z COLLINS ENTERPRISES PTY LTD $1,000

B G HEATLIE & J D HEATLIE $1,000

BAKEWORKS PTY LTD $1,000

BARKING DOG PTY LTD $4,000

BARWON CLUB HOTEL $4,000

BARWON COMPUTER SOLUTIONS PTY LTD $1,000

BASHFORD PAINTERS $2,000

BAY SHORE ELECTRICAL & AIR CONDITIONING SERVICES $1,000

BAYSIDE COMFORT SOLUTIONS PTY LTD $4,000

BAY-TECH AUTOMOTIVE PTY LTD $1,000

BB AUTO ELECTRICAL PTY LTD $1,000

BB TECH SERVICES PTY LTD $1,000

BELLARINE SMASH REPAIRS PTY LTD $1,000

BEN WALLIS PTY LTD $2,000

BILLIE JEAN HAIR PTY LTD $1,000

BJL INVESTMENTS PTY LTD $4,000

BK BRICKLAYING $2,000

BLACK STALLION MOTORS PTY LTD $4,000

TRADE, MANUFACTURING, AVIATION AND EMPLOYMENT GRANTS

The department provides assistance through a number of programs to companies and organisations to support manufacturing, enterprise improvement, export growth, business development, promotional activities, workforce and skills activities, economic and community development in regional Victoria, and targeted support to small businesses in Victoria. Grant payments totalling $18 million made to organisations in 2013-14 through the department’s trade, manufacturing, aviation and employment grants are detailed below.

AGENDA FOR NEW MANUFACTURING

THE AUSTRALIAN INSTITUTE OF FOOD SCIENCE & TECHNOLOGY INCORPORATED $8,500

TOTAL $8,500

BUSINESS DEVELOPMENT PROGRAM - TRADE FAIRS AND MISSIONS

ANCA PTY LTD $1,500

ANTICO COFFEE PTY LTD $2,000

AUSTRALIAN PROVINCIAL CHEESE PTY LTD $2,000

BMT WBM PTY LTD $2,000

CT FREIGHT PTY LTD $2,000


ENVIRONMENT ESSENTIALS PTY LTD $2,000

FORD MOTOR COMPANY OF AUSTRALIA LIMITED $3,000

GIPPY FOODS PTY LTD $2,000

INTRINSIC INVESTMENT MANAGEMENT PTY LTD $3,000

MEAT TENDER PTY LTD $2,000

OLEX AUSTRALIA PTY LIMITED $2,000

ORE RESEARCH & EXPLORATION PTY LTD $2,000

PBE AUSTRALIA PTY LTD $2,000


RUHRPUMP SIHI AUSTRALIA PTY LTD $2,000

SASK INTERNATIONAL EXPORT & IMPORT PTY LTD $2,000

SENSEN NETWORKS PTY LTD $2,000

SENTIENT VISION SYSTEMS PTY LTD $1,002


VALLEY PRECISE GLOBAL PTY LTD $1,183

TOTAL $41,500


04 APPENDICES

EMPLOYMENT START UP CONT.

DANIEL SIMPSON $4,000

DANNY THREADGOLD PAINTING $1,000

DARREN CLARK $1,000

DAVENMARC INVESTMENTS PTY LTD $5,000

DAVID GREIG CONSTRUCTIONS PTY LTD $1,000

DAVID VALASTRO HOLDINGS PTY LTD $1,000

DAVIS BRICKLAYING CONTRACTORS PTY LTD $1,000

DECKS PLUS BUILDING SERVICES PTY LTD $4,000

DESIGN STAINLESS INDUSTRIES PTY LTD $2,000

DICKSON AUTOMOTIVE PTY LTD $4,000

DOREEN MECHANICAL PTY LTD $1,000

DREAM MARINE PTY LTD $1,000

DREAMTIME CONSTRUCTIONS $1,000

DRYSDALE HOTEL PTY LTD $1,000

DUDLEY & CO BUILDERS PTY LTD $1,000

DUNSTONE BROTHERS PLUMBING AND ROOFING PTY LTD $1,000

DUSTY'S BRICKLAYING PTY LTD $2,000

E J LACK (VIC) PTY LTD $1,000

E L CAMERA & M D CAMERA $1,000

EAST GIPPSLAND FLOOR CONTRACTORS PROPRIETARY LIMITED $1,000

ECOSCHEMES PTY LTD $4,000

ESSENDON TILE COMPANY PROPRIETARY LIMITED $1,000

EVAN BIEWER $1,000

EVAN SCOTT KINGSTON $1,000

EVENFLO PLASTERING PTY LTD $1,000

EWOUD PATRICK ALEXANDER VAN DER HOEVEN $4,000

F MYERS & G C SWALWELL $1,000

FACILITY MANAGEMENT ASSOCIATION OF AUSTRALIA LIMITED $1,000

FAST TRACK WELDING PTY LTD $1,000

FICO AUSTRALIA PTY LTD $1,000

FRASHES-R PTY LTD $4,000

G D & J I STABB $1,000

G N AND D J WHITWORTH $1,000

G W S PTY LTD $1,000

GAS CHOICE PTY LTD $1,000

GEELONG BRAKE & CLUTCH PTY LTD $1,000

GEELONG SATELLITE & COMMUNICATIONS PTY LTD $1,000

GEMPIRE PTY LTD $4,000

GEORGE THOMAS KEITH HEMMINGS $1,000


BLACKCLOUD SOFTWARE PTY LTD $1,000

BORDER CRANE CONSULTANTS PTY LTD $8,000

BRYAN & PETERSEN INSURANCE PTY LTD $1,000

BUSINESS PLANNING & CONTROL PTY LTD $8,000

BUSY BEE BRUSHWARE PTY LTD $1,000

C & J REID $1,000

C J NICOL $1,000

C L DAVISON & W S DAVISON $2,000

C LEWIS CARPENTRY $2,000

C R ELECTRICS PTY LTD $1,000

C T DYKER & B D REID $1,000

C.A.M CONSTRUCTIONS PTY LTD $1,000

CABINET PROFESSIONALS PTY LTD $1,000

CABINET REPAIRS AND REPLACEMENTS $1,000

CABINETSMITH PTY LTD $4,000

CALLAGHAN MOTORS P/L $1,000

CAMERON DOUEAL $4,000

CANE CARPENTRY AND JOINERY $1,000

CARBONLITE ENTERPRISES PTY LTD $8,000

CC DISTRIBUTION PTY LTD $1,000

CENTRAL CARPETS CASTLEMAINE PTY LTD $1,000

CFJ LANDSCAPE DESIGN AND CONSTRUCTION $2,000

CHEEKY NATURE LANDSCAPES PTY LTD $4,000

CHOCOLATE LILY HAIR AND BEAUTY $4,000

CHRISTOPHER ESLICK $1,000

CONFOIL PTY LIMITED $4,000

CONQUEST EMP PTY LTD $1,000

COPY CONTROL PTY LIMITED $2,000

CRW CABINETS $1,000

CURSOL PTY LTD $1,000

D & J OTTEN INVESTMENTS PTY LTD $4,000

D & M T GOLDBERG $1,000

D & R ANLEY PTY LTD $4,000

D B & L K PEARCE $1,000

D C & M J FREDERICKS $1,000

D J NICHOLSON & B ROBERTSON $4,000

D P CARPENTRY PTY LTD $1,000

D P SHEEHAN PLUMBING & GASFITTING PTY LTD $1,000

D P WILLINGTON & G WILLINGTON $4,000

D SHARP & M D SHARP $1,000

DALLAS JOHN DAFONTE $1,000

DAMIAN VAUGHAN JOINERY PTY LTD $4,000


04 APPENDICES


JOSEPH PATONE $1,000

JOSTE PTY LTD $1,000

JTA HEALTH SAFETY & NOISE SPECIALISTS PTY LTD $4,000

K BROWNING & N MONET $1,000

KAIN PUGLIESE $4,000

KATENAL PTY LTD $9,000

KATHRYN ANNE BREED $4,000

KEENAN CRIMMINS $2,000

LAKE VIEW HOTEL PTY LTD $11,000

LEMON TWIST CAFE $4,000

LINDSAY KARL RATNIK $1,000

LOGIKON $1,000

M & M AUTOMOTIVE PTY LTD $1,000

M FENNEY & W J FENNEY $5,000

M FITZPATRICK & M YOUNG $1,000

MARKET CITY MOTORS PTY LTD $4,000

MATTHEW JOHN BISHOP $4,000

MAW BUILDING & MAINTENANCE PTY LTD $4,000

MELBOURNE ROAD GROUP PTY LTD $1,000

MENZEL GLASS PTY LTD $4,000

MIA ELIZABETH NICOLSON $1,000

MIDDLETONS GEELONG HEATING & COOLING PTY LTD $8,000

MJW PLUMBING $1,000

MORCOMBE INVESTMENTS PTY LTD $1,000

MORLAND'S MEATS $1,000

MOWERS GALORE PTY LTD $1,000

MUHOR PTY LTD $1,000

MVS BUSINESS CONSULTING L & D PROJECTS $4,000

MYFINSOL PTY LTD $4,000

N J KANE & A L SILVER $1,000

NDB HOME IMPROVEMENTS PTY LTD $1,000

NICHOL TRADING MECHANICAL SERVICES PTY LTD $1,000

NICHOLAS LYNCH PTY LTD $1,000

NORTH WHARF HOTEL PTY LTD $2,000

O C PLUMBING PTY LTD $1,000

O'BRIEN BUILDING (AUST) PTY LTD $1,000

ONJ ELECTRICAL $4,000

P D & L S MOLONEY $1,000

P.A.W. PLUMBING PTY LTD $4,000

PALERMO TILING PTY LTD $4,000

PEELBAKE PTY LTD $1,000


GEORGES RESTAURANT BAR CAFE PTY LTD $3,000

GET SPARKED ELECTRICAL CONTRACTORS PTY LTD $1,000

GLEN LODDON HOMES PTY LTD $1,000

GR8 WALLS OF MELBOURNE $4,000

GUY TURNER LANDSCAPING $1,000

H A BOFFEY & A MEZZATESTA $4,000

H BOYD & E M VANDERMARK $4,000

HAEUSLER'S GROUP PTY LTD $4,000

HANCOL PTY LTD $1,000

HANSONPORTERCURZON PTY LTD $1,000

HARDWAY SISTERS PTY LTD $1,000

HEATHERS SWIM SCHOOL $2,000

HOCTOR REFRIGERATION PTY LTD $16,000

HOLLOWAY AIRCONDITIONING & PLUMBING $1,000

HONEYEATER HAIR PTY LTD $1,000

HOT TOP ROOFING PTY LTD $1,000

IKON HOMES PTY LTD $3,000

ILLINGWORTH PLUMBING PTY LTD $5,000

IN2IT CARPENTRY CONTRACTORS $1,000

INTEGRA SYSTEMS PTY LTD $1,000

INVERLOCH MARINE PTY LTD $4,000

ITCOM AUSTRALIA PTY LTD $4,000

J & J SANDERSON $1,000

J D READ AND S M BAKER $4,000

J K ADAMS & P T ADAMS $1,000

J T ELECTRICAL CONTRACTORS PTY LTD $4,000

JACBE BUILDERS PTY LTD $1,000

JACKSON DWELLINGS $1,000

JACQUELINE A STACPOOL $4,000

JADEZOL PTY LTD $1,000

JAMES F SPINKS PROPRIETARY LIMITED $1,000

JANINE MARY LAMB $4,000

JASON MATTHEW BRUTY $4,000

JASON MILLER $1,000

JASUMIA BEAUTY SALON $1,000

JCONSTRUCTION PTY LTD $1,000

JELLS PARK GOURMET MEAT $1,000

JERUSALEM CREEK MARINA & HOLIDAY PARK PTY LTD $1,000

JOE ISSELL PAINTING $1,000

JORDAN BEEBY $4,000

JORDAN LAWRENCE MAIOLO $1,000


04 APPENDICES


SCOTT SPORT PTY LTD $1,000

SDW BRICKLAYING PTY LTD $1,000

SODA MARKETING PTY LTD $4,000

SORRENTO GOLF CLUB $4,000

SPARX POWER AND DATA PTY LTD $4,000

SPECIALISED PLUMBING & DRAINAGE PTY LTD $8,000

STEVENS COMMUNICATIONS PTY LTD $9,000

STEVE'S BRICKLAYING PTY LTD $4,000

SUGAR STATION PTY LTD $2,000

T & H PANEL SERVICE PTY LTD $1,000

T D DREW & R E GLEESON $4,000

TALL GRASS LANDSCAPES PTY LTD $4,000

TASBAY PTY LTD $1,000

TBMR PTY LTD $1,000

TEAMWORKS PERFORMANCE PTY LTD $2,000

TEHENNEPE GROUP PTY LTD $1,000

TEKROCK TILING $1,000

TEMPLE HAIR PTY LTD $1,000

THE CHEROB GROUP PTY LTD $1,000

THE GEELONG LAMP & ELEMENT SHOPPE PTY LTD $1,000

THE HANGMAN DOORS PTY LTD $1,000

THE PORTSEA CAMP $4,000

THE PREMIUM CHOCOLATE COMPANY $1,000

THINKBIG INVESTMENTS AUST PTY LTD $3,000

TJ'S ROOFING AUSTRALIA PTY LTD $2,000

TOMIKIEL HOLDINGS PTY LTD $4,000

TONDAN INVESTMENTS PTY LTD $1,000

TOP TORQUE PERFORMANCE PTY LTD $1,000

TOTAL PLASTER SUPPLIES PTY LTD $1,000

TRANSFORMERS VIC PTY LTD $1,000

TRENT JOSEPH JONES $1,000

TRENTIAN CONSTRUCTIONS $1,000

TTS ELECTRICS $8,000

UNIWELD ENGINEERING PTY LTD $1,000

VAUGHAN ELLIS PLUMBING & HYDRAULICS PTY LTD $2,000

VELI MOTORS PTY LTD $1,000

VENETO CLUB $1,000

VEREKER BROS. SMASH REPAIRS PTY LTD $1,000

W & J HOOLAHAN $1,000

WATERMARK DOCKLANDS $1,000


PEREZ PLUMBING PTY LTD $1,000

PETE & MICKS BRICKLAYING $1,000

PETER R & GINA Z DOWIE $4,000

PLANRIGHT AUSTRALASIA PTY LTD $1,000

PORTLAND AIRCONDITIONING & REFRIGERATION PTY LTD $4,000

PRECISION LOCK & KEY PTY LTD $1,000

PREDA PTY LTD $1,000

PRESTON MOTORS (PARTS SALES) PROPRIETARY LIMITED $1,000

PROFICIENT CARPENTRY PTY LTD $1,000

PRT BEI PTY LTD $1,000

R & J SOBEY PTY LTD $4,000

R & M ENGINEERING PTY LTD $1,000

R D & R K RANKIN PTY LTD $4,000

R J & A SAUNDERS $4,000

RALPH MATTHEW PEET $4,000

RAMA B AND G PTY LTD $4,000

RBC BUSINESS SOLUTIONS (MELBOURNE) PTY LTD $4,000

REACT PROPERTY MAINTENANCE PTY LTD $1,000

REALMON PTY LTD $8,000

RED EARTH FLOWERS $1,000

REDLOW INVESTMENTS PTY LTD $3,000

REET INTERNATIONAL PTY LTD $1,000

RELISH 'N' THYME PTY LTD $8,000

RHYS EVANS PTY LTD $3,000

RICHES AUTO REFINISHING PTY LTD $1,000

RICHMOND HILL ELECTRICAL SERVICES PTY LTD $1,000

RICKARD HEATING PTY LTD $1,000

RIES PLUMBING PTY LTD $1,000

RIGHTWAY CARPENTRY PTY LTD $1,000

RIXON MANAGEMENT SERVICES PTY LTD $9,000

ROBERT ANTHONY GALATI $4,000

ROBES ON LINE AUSTRALIA PTY LTD $1,000

ROSEVALE DEVELOPMENTS PTY LTD $1,000

ROYAL VICTORIAN AERO CLUB $4,000

RYAN CARAFA $4,000

S & R MCCORMACK PTY LTD $1,000

S HOPE & S G HOPE $1,000

S J & T A STRUCTURAL PTY LTD $4,000

SANDHURST REFRIGERATION PTY LTD $4,000

SCHEDULED ASSET SERVICES PTY LTD $2,000


04 APPENDICES

EXPORT VICTORIA CONT.

EVENT STUDIOS AUSTRALIA PTY LTD $4,430

FEDERATION OF AUTOMOTIVE PRODUCTS MANUFACTURERS LIMITED $2,000

HAWTHORN LEARNING PTY LIMITED $2,000

HERITAGE BRANDS (AUSTRALIA) PTY LTD $10,000

HOLMESGLEN INSTITUTE OF TAFE $2,000

IAN ENNIS AND COMPANY PTY LTD $2,000

INNOVATIVE MECHATRONICS GROUP PTY LTD $2,000

INUS AUSTRALIA PTY LTD $2,000

KAPS INSTITUTE OF MANAGEMENT PTY LTD $2,000

KERR & CO TRADING PTY LTD $2,000

LARMON PTY LTD $2,000

MACKAY CONSOLIDATED INDUSTRIES PTY LIMITED $2,000


MENZIES INSTITUTE OF TECHNOLOGY PTY LTD $2,000


MRO PTY LTD $10,000

MURRAY RIVER ORGANICS PTY LTD $3,536

NORTHERN MELBOURNE INSTITUTE OF TAFE $2,000

OMG IMPORTS PTY LTD $1,317

OPPOSITE LOCK HOLDINGS PTY LTD $2,000

ORGANIC DAIRY FARMERS OF AUSTRALIA LIMITED $2,000

OZPRESS PTY LTD $5,035

SETEC PTY LTD $80,000

SHEILA BAXTER TRAINING CENTRE PTY LTD $2,000

SINGLE SERVE PACKAGING PTY LTD $2,000

SOUTH GIPPSLAND WINE COMPANY PTY LTD $2,000

SOUTHERN UNITED SEAFOOD AUSTRALIA LIMITED $1,584

STELCO CHEMICALS INTERNATIONAL PTY LTD $2,358

SUN HEALTH FOODS PTY LTD $2,000

SUNNY RIDGE EPICURE PTY LTD $1,986

SWINBURNE COLLEGE PTY LTD $2,000

THE REGIMENTAL CONDIMENT COMPANY PTY LTD $7,357

TRAINING SENSE PTY LTD $7,864

TRANSPLUMB GROUP PTY LTD $2,033


WILLIAM ANGLISS INSTITUTE OF TAFE $2,000

YARRA VALLEY SNACK FOODS PTY LTD $2,000

TOTAL $264,879


WEST FRIDGE PTY LTD $2,000

WESTSIDE CARPETS PTY LTD $1,000

WILFUR PTY LTD $1,000

WILLIAM P & KARA M LAHN $1,000

WINGATE AVENUE COMMUNITY CENTRE INC $1,000

WONTHAGGI LIGHT ENGINES $1,000

WOODEN PERFECTION CARPENTRY SOLUTIONS PTY LTD $1,000

WORKPLACE TRAINING AND ADVISORY AUST. PTY LTD $2,000

YBF PTY LTD $4,000

ZEALLY BAY SOURDOUGH PTY LTD $1,000

ZEZEKHOM PTY LTD $2,000

TOTAL $681,000

ENGAGING INDIA


TOTAL $156,000

EXPORT VICTORIA

7 CHEFS PTY LTD $5,051

AGLO SYSTEMS PTY LTD $1,136


APEIRON ASIA PTY LTD $2,000

ASCET INSTITUTE OF TECHNOLOGY PTY LTD $6,825

ATECO AUTOMOTIVE PTY LIMITED $2,000

AUSTRALASIAN FRESH PTY LTD $2,000

AUSTRALIAN AUTOMOTIVE AFTERMARKET ASSOCIATION LIMITED $2,000

AUSTRALIAN INSTITUTE OF TECHNICAL TRAINING PTY LTD $2,000

AUSTRALIAN NATIONAL COLLEGE PTY LTD $2,000


AUTOMOTIVE PARTS AUSTRALIA PTY LTD $2,000

AUTOTEST PRODUCTS PTY LTD $2,000

BLACK WIDOW ENTERPRISES PTY LTD $2,000

BONKERS TRADING GROUP PTY LTD $2,000

BOX HILL INSTITUTE OF TAFE $2,000


CLASSICA INTERNATIONAL PTY LTD $1,584

CRAIG DAVIES PTY LTD $2,000

CROW CAMS AUSTRALIA PTY LTD $2,000

CT FREIGHT PTY LTD $2,000


04 APPENDICES

GEELONG MANUFACTURING COUNCIL

GMIC LTD $179,433

TOTAL $179,433

GREATER GEELONG INDUSTRY FUND

ASSOCIATED KILN DRIERS PTY LTD $125,000

BATES PIPES GEELONG PTY LTD $30,000

CARBON REVOLUTION PTY LTD $100,000

EXPRESS PROMOTIONS AUSTRALIA PTY LTD $165,000

FARM FOODS PTY LTD $215,000

IXL METAL CASTINGS PTY LTD $60,000

TOTAL $695,000

HAMER SCHOLARSHIPS

ALEXANDRA DUNGEY $10,000

ANDREW BENHAM $5,000

ANNA STREMPEL $10,000

ANTONIA HODGMAN $10,000

BRYANT SOORKIA $10,000

CASSIDY MCDONALD $10,000

CHELSEA HILSBERG $15,000

CHRIS BILLINGTON $10,000

DAVID NGO $7,500

ELIZABETH JOHNSTON $15,000

EMMA DOCKERY $10,000

HA LE $10,000

JAIME BERRILL $10,000

JAMES MUGODO $10,000

JESSE MICIC $10,000

JOSH POWER-SANDERS $15,000

KATE GREALY $10,000

LINDSAY GODING $10,000

LISA RENKIN $10,000

MARK GIFFORD $10,000

MATTHEW COUPER $15,000

NATALIE LILFORD $10,000

PHILIP HILTON $10,000

REANDRA JUWONO $10,000

REBECCA LAKE $10,000

ROBERT BROWNE $10,000

ROBERT MALCOLM $10,000

SAMUEL BASHFIELD $15,000

SCARLETT MCLEAN $15,000

SERGEY POCHEVSKIY $15,000

HAMER SCHOLARSHIPS CONT.

TESS MATTHEWS $10,000

TYLER GLEASON $10,000

VICTORIAN EMPLOYERS CHAMBER OF COMMERCE AND INDUSTRY $40,000

ZACHARY RUDD $10,000

ZENO JAGER $10,000

TOTAL $407,500

INDUSTRY CAPABILITY NETWORK - WHOLE OF GOVERNMENT

INDUSTRY CAPABILITY NETWORK (VICTORIA) LIMITED $1,427,500

TOTAL $1,427,500

INTERNATIONAL EDUCATION


HUONG DANG THI $20,000

JENNY BATNAG $10,000

XIAOCUI CATHERINE LOU $10,000

TOTAL $90,000

INTERNATIONAL EDUCATION STRATEGY


TOTAL $80,000

INTERNATIONAL STUDENT CARE SERVICES



TOTAL $180,000

INVESTING IN MANUFACTURING TECHNOLOGY

A & L WINDOWS PTY LTD $48,800

ABEY AUSTRALIA PTY LTD $125,000


ALFRED LEWIS ENGINEERING PTY LTD $63,000

AMR HEWITTS PRINTPACKAGING PTY LTD $110,000

ANDREW ENGINEERING (AUST) PTY LTD $53,000

ARMACELL AUSTRALIA PTY LTD $54,900

ATCO ENGINEERING PTY LTD $24,000

AUSTRALIAN MINT OILS AND FLAVOURS PTY LTD $20,000

AUSTRALIAN VALVE & ENGINEERING PTY LTD $50,000

BERLISS PTY LTD $125,000

COVERCRAFTDIGITAL PTY LTD $35,000

DECOR ENGINEERING (AUST) PTY LTD $100,000

DIAMOND DELL PTY LTD $140,000


04 APPENDICES

INVESTING IN MANUFACTURING TECHNOLOGY CONT.

EGOTRADE PTY LTD $115,000

EPPING TIMBER PREFAB CO PTY LTD $80,804

ESSENTIAL FLAVOURS AND INGREDIENTS PTY LIMITED $85,650

FABTRONICS AUSTRALIA PTY LTD $238,900

FIBREMAKERS AUSTRALIA PTY LTD $138,000

FOODMACH PTY LTD $181,000

GEORGE LOVITT (MANUFACTURING) PROPRIETARY LIMITED $125,000

GIORGIO DENTAL LABORATORY PTY LTD $17,250

GLASSCO AUSTRALIA PTY LTD $125,000

GSA INDUSTRIES (AUST) PTY LTD $125,000

HAKUBAKU AUSTRALIA PTY LTD $37,500

HM ENGINES PTY LTD $61,000

IMPLANT SOLUTIONS PTY LTD $37,200

INDUSTRIAL BRUSHWARE PTY LTD $100,000

INTERVET AUSTRALIA PTY LTD $25,000

JARDAN AUSTRALIA PTY LTD $49,378

JEFF SYKES & ASSOCIATES PTY LTD $62,500

K H EQUIPMENT PTY LTD $100,800

KEECH CASTINGS AUSTRALIA PTY LIMITED $70,000

KOSDOWN PRINTING CO PTY LTD $102,200

KRUEGER TRANSPORT EQUIPMENT PTY LTD $125,000

LONGWARRY FOOD PARK PTY LTD $250,000

MELBOURNE DESK COMPANY PTY LTD $190,000


PENTAL LIMITED $40,850

PLASTOOL INTERNATIONAL PTY LTD $176,200

RADEVSKI COOLSTORES PTY LTD $125,000

RAMELA PTY LTD $163,000

RELAY MONITORING SYSTEMS PTY LTD $250,000

SATELIGHT DESIGN PTY LTD $26,200

SYRINX PHARMACEUTICALS PTY LTD $125,000

THE CAKE SYNDICATE PTY LTD $125,000

THINK FENCING PTY LTD $93,000

TRIMAS CORPORATION PTY LTD $125,000

TRU-BLU OIL AUSTRALIA PTY LTD $63,000

WATTLE ORGANIC FARMS PTY LTD $42,000

WETSPOT CONSOLIDATED (VIC) PTY LTD $57,000

TOTAL $4,946,132

MANUFACTURING PRODUCTIVITY NETWORKS


AUSTRALIAN INDUSTRY & DEFENCE NETWORK - VICTORIA INC $40,000

AUSTRALIAN MANUFACTURING TECHNOLOGY INSTITUTE LTD $30,000

AUTOCRC LTD $250,000

AVIATION/AEROSPACE AUSTRALIA LTD $10,000

DMTC LIMITED $40,000

HIGH PERFORMANCE CONSORTIUM LIMITED $100,000

HUME CITY COUNCIL $29,816

MELBOURNE'S WEST EXPORT NETWORK INC $6,000

PREMIUM AUSTRALIAN FOODS PTY LTD $75,000

RECREATIONAL VEHICLE MANUFACTURING ASSOCIATION OF AUSTRALIA LIMITED $10,000

SOUTH EAST MELBOURNE MANUFACTURERS' ALLIANCE INC $20,000


THE VICTORIAN VERNIER SOCIETY INC $13,000

TOTAL $822,816

REGIONAL AVIATION FUND

ECHUCA AERO FUEL PTY LTD $70,000


GOLDEN PLAINS SHIRE COUNCIL $893,943




WANGARATTA RURAL CITY COUNCIL $150,000


TOTAL $2,127,213

REGIONAL BLUEPRINT - INNOVATION THROUGH CLUSTERS

BALLARAT ICT LTD $10,300


COMMITTEE FOR PORTLAND INC $10,000

EAST GIPPSLAND FOOD CLUSTER INCORPORATED $40,000


ENTERPRISE ADVANTAGE PTY LTD $20,000

FRAME & TRUSS MANUFACTURERS ASSOCIATION OF AUSTRALIA LIMITED $10,000

GMIC LIMITED $260,000


VICTORIAN ASSOCIATION OF MICROBREWERIES INC $8,000


04 APPENDICES

VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT.

A L C TRADING CO PTY LTD $2,000

A MAZE N THINGS PTY LTD $9,000

ABATEMENT SOLUTIONS - ASIA PACIFIC PTY LTD $2,000

ACCURATE PROFILE ROLL FORMING PTY LTD $3,000

ACTIV INTERNATIONAL PTY LTD $6,000

ADDICTIVE ENTERTAINMENT AND TOURS PTY LTD $2,864

ADVANCE VISION TECHNOLOGY (AUST.) PTY LTD $6,000

AESP PTY LTD $2,000

AFM INVESTMENT PARTNERS PTY LTD $3,000

AGRIBUSINESS GIPPSLAND INC $5,346

AGRO COMMODITIES PTY LTD $3,000

AGROPRAISALS PTY LTD $2,429

AINE MURPHY $15,000

AINSLEY BUDGE $5,000

AIR INTERNATIONAL THERMAL (AUSTRALIA) PTY LTD $3,000


ALIGNER TECH PTY LTD $3,000

ALISTAIR ROBERTSON $10,000

ALLEN KUZMANOVIC $15,000

ALMOND BOARD OF AUSTRALIA INC $5,000

ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATION OF VICTORIA INC $1,855

AMAROO SHOREHAM PTY LIMITED $6,000

AME SYSTEMS PTY LTD $3,000

ANDERYAN PTY LTD $3,000

ANISH KAMALKISHORE BAHETI $3,000

ANNEX FOODS PTY LTD $10,750

APPLE & PEAR AUSTRALIA LIMITED $6,000

APW INTERNATIONAL PTY LTD $2,000

AQUADEV PTY LTD $2,056

ARARAT ABATTOIRS EXPORTS PTY LTD $3,000

ARARAT MEAT EXPORTS PTY LTD $6,000

ARGO COMPUTING SERVICES PTY LTD $2,846

ASCET INSTITUTE OF TECHNOLOGY PTY LTD $1,958

ASSOCIATED CONTROLS (AUSTRALIA) PTY LTD $3,000

ATC WILLIAMS PTY LTD $2,000

ATLANTIC GROUP (V) PTY LTD $3,000

ATLAS ADVISORS AUSTRALIA PTY LTD $2,000

ATLITE (AUSTRALIA) PTY LTD $6,000

AULIFE PTY LTD $2,000

REGIONAL BLUEPRINT - INNOVATION THROUGH CLUSTERS CONT.


WOOD PRODUCTS VICTORIA LTD $15,000

TOTAL $435,582

REGIONAL BLUEPRINT - INDUSTRY CAPABILITY NETWORK

INDUSTRY CAPABILITY NETWORK (VICTORIA) LIMITED $521,293

TOTAL $521,293

TRANSITION TO A GLOBAL FUTURE

ABLE INDUSTRIES ENGINEERING PTY LTD $4,000

AUSTRALIAN INDUSTRY & DEFENCE NETWORK INC - VICTORIA $22,500

AUTOCRC LTD $31,500

CALBAH INDUSTRIES PTY LTD $125,000

DIVER METAL PRODUCTS PTY LTD $150,000

ELECTROMOLD AUSTRALIA PTY LTD $4,000

OMNIBLEND PTY LTD $90,000

QINETIQ PTY LTD $4,000

RPC TECHNOLOGIES PTY LTD $4,000

UNIVERSAL LOGIC PTY LTD $115,000

WILSON TRANSFORMER COMPANY PROPRIETARY LIMITED $250,000

TOTAL $800,000

VGBO’S INTERNATIONAL NETWORK

AUSTRALIA-CHINA YOUTH DIALOGUE $10,000

TOTAL $10,000

VICTORIA - LEADER IN LEARNING


TOTAL $50,000

VICTORIAN INDUSTRY AND MANUFACTURING STRATEGY

SAMMITR (AUSTRALIA) PTY LTD $20,505

TOTAL $20,505

VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE

7 CHEFS PTY LTD $7,398

A B FOOD & BEVERAGES AUSTRALIA PTY LIMITED $2,000

A C SMART LINK PTY LTD $3,000


04 APPENDICES


BARKLY INTERNATIONAL COLLEGE PTY LTD $3,000

BARRO GROUP PTY LTD $6,000

BARRY PIPPIN $10,000

BELLINGHAM MARINE AUSTRALIA PTY LTD $3,000

BEMCO (AUSTRALIA) PTY LTD $12,000

BENDIGO TAFE $3,000

BENJAMIN BUCHANAN $15,000

BEONIC TECHNOLOGIES PTY LTD $2,271

BERKELEY COLLEGE PTY LTD $6,000

BERRAWORTH EXPORTS PTY LTD $3,000

BGH INTERNATIONAL PTY LTD $2,503

BGP INTERNATIONAL PTY LTD $3,000

BIBTECH PTY LTD $3,000

BIM CONSULTING PTY LTD $3,000

BISON UNITED PTY LTD $5,842

BIZ CATALYST PTY LTD $2,821

BJSB PTY LTD $3,000

BLACKJACK WINES PTY LTD $3,000

BLEND AND PACK PTY LTD $3,000

BLERICK PTY LTD $3,000

BLUE BIRD PRODUCTS AUSTRALIA PTY LTD $3,000

BLUE PYRENEES ESTATE PTY LTD $6,813

BLUESTARS REAL ESTATE PTY LTD $3,000

BODSQUAD AUSTRALIA PTY LTD $2,000

BOGDAN INVESTMENTS PTY LTD $6,866

BONKERS TRADING GROUP PTY LTD $8,000

BOUTIQUE BEVERAGES (VIC) PTY LTD $1,808

BOX GROVE VINEYARD $3,000

BOX HILL INSTITUTE OF TAFE $11,600

BRIGHTSTONE CAPITAL ADVISORS PTY LTD $5,000

BRIMIN PARK PTY LTD $3,000

BROKERS ENVIRONMENTAL PTY LTD $7,000

BROWN BROTHERS MILAWA VINEYARD PTY LIMITED $2,000

BUCHAN GROUP INTERNATIONAL PTY LTD $3,000

BULPADOK PTY LTD $3,000

BURRA FOODS PTY LTD $3,000

BUSH HERITAGE AUSTRALIA $2,000

BUSINESS INTELLIGENCE TECHNOLOGIES PTY LTD $6,000

C LEARNING PTY LTD $3,000

C S & N S MARCH PTY LTD $5,000


AURECON AUSTRALIA PTY LTD $2,646

AUSPRO GROUP PTY LTD $3,000

AUSSIEHOME REAL ESTATE PTY LTD $5,000

AUSTAR INTERNATIONAL PTY LTD $3,000

AUST-GRAIN EXPORTS PTY LTD $3,000

AUSTRALASIAN ACADEMY OF TENNIS COACHES PTY LTD $4,845

AUSTRALASIAN PODIATRY COUNCIL $3,000

AUSTRALASIAN WINE EXPORTERS PTY LTD $9,377

AUSTRALIA CHINA BUSINESS COUNCIL $3,000

AUSTRALIA FRUITS PTY LTD $2,789

AUSTRALIA LIAN HE PTY LTD $5,000

AUSTRALIAN AUTOMOTIVE AFTERMARKET ASSOCIATION LIMITED $5,000

AUSTRALIAN CHUMMIN PTY LTD $3,000

AUSTRALIAN CONSOLIDATED MILK PTY LTD $3,000

AUSTRALIAN DAIRY PARK PTY LTD $3,000

AUSTRALIAN FINE FOODS PTY LTD $8,000

AUSTRALIAN INDUSTRY & DEFENCE NETWORK - VICTORIA INC $2,000

AUSTRALIAN INSTITUTE OF TECHNICAL TRAINING PTY LTD $6,000

AUSTRALIAN LAMB COMPANY PTY LTD $3,000

AUSTRALIAN NATIONAL COLLEGE PTY LTD $6,000

AUSTRALIAN ORGANIC HONEY COMPANY PTY LIMITED $2,000

AUSTRALIAN PRIME XPORT BEEF PTY LTD $3,000


AUSTRALIAN TABLEGRAPE ASSOCIATION INC $5,000

AUSTRALIAN UNITY LIMITED $3,000

AUSTRALIAN WINE TOUR COMPANY PTY LTD $6,000

AUTOCRC LTD $3,000

AUTOMOTIVE PERFORMANCE SOLUTIONS PTY LTD $2,841

AV ASSIST PTY LTD $3,000

AVALON AIRPORT AUSTRALIA PTY LTD $6,000

AVARA TECHNOLOGIES PTY LTD $2,744

AVIA AIRCRAFT PTY LTD $3,000

AVIATION COMPLIANCE SOLUTIONS PTY LTD $3,000

AXFORD OLSZEWSKI STRATEGIES PTY LTD $3,000

B BURRELL & S J FRIEND $2,000

B W & J RYAN PROPRIETARY LIMITED $3,000

BAPTISTA WINES PTY LTD $3,000


04 APPENDICES


COMPLETE POST PRODUCTION CENTRE PTY LTD $3,000

COMPUTIST BIO-NANOTECH PTY LTD $3,000

CONSTRAINT TECHNOLOGIES INTERNATIONAL PTY LIMITED $4,857

CONTEMPLATIVE PTY LTD $2,000

CONTRACT HELIS PTY LTD $3,000

CONTRACT KEGS PTY LTD $5,000

CORONA MANUFACTURING PTY LTD $3,000

COUNTRY CUISINE (AUST) PTY LTD $6,000

COX ARCHITECTURE PTY LTD $3,000

CPT GLOBAL LIMITED $6,000

CRAIG DAVIES PTY LTD $2,000

CRC FOR WATER SENSITIVE CITIES LTD $3,000

CROW CAMS AUSTRALIA PTY LTD $2,000

CROWN MELBOURNE LIMITED $6,000

CRUSHING EQUIPMENT PTY LTD $2,000

CUMPARI PASTA COMPANY PTY LTD $5,550

DAIRY AUSTRALIA LIMITED $3,000

DAKKA TRADING PTY LTD $3,000

DAVID LOCK ASSOCIATES (AUSTRALIA) PTY LTD $2,956

DAYCO AUSTRALIA PTY LIMITED $3,000

DC CAPITAL ADVISORS PTY LTD $5,000


DESTINATION PHILLIP ISLAND INC $8,583

DISCOVER ENGLISH PTY LTD $4,994

DOOEN ENGINEERING SERVICES PTY LTD $3,000

DOWNUNDER RECREATIONAL TOURS PTY LTD $7,412

DPMENG PTY LTD $7,994

DRIVER EDUCATION CENTRE OF AUSTRALIA LIMITED $3,000

DULUXGROUP (AUSTRALIA) PTY LTD $6,000

DURATRAY INTERNATIONAL PTY LTD $2,000

DZHON PTY LTD $2,000

EACH $3,000

EARTH SYSTEMS CONSULTING PTY LTD $5,497

EAST GIPPSLAND FOOD CLUSTER INCORPORATED $5,852

EASYCHEF PTY LTD $2,000

E-CENTRICINNOVATIONS PTY LTD $3,000

ECO PACIFIC PTY LTD $3,000

ECOTECH PTY LTD $4,382

EEC INTERNATIONAL PTY LTD $3,000

ELENBERG FRASER PTY LTD $3,000


C T FREIGHT PTY LTD $5,015

CAPRICORNIA PTY LTD $9,000

CARAMELICIOUS $2,000

CARBON MARKET INSTITUTE LIMITED $1,910

CAREER LIFE COLLEGE PTY LTD $3,000

CAREERS FAST TRACK PTY LTD $2,000

CASALINGO FOODS PTY LTD $2,000

CASTLE TOURISM AND ENTERTAINMENT PTY LTD $3,000

CATALYST ASIA TRADE EXCHANGE (AUS) PTY LTD $3,000

CBRE (C) PTY LIMITED $3,000

C-COR BROADBAND AUSTRALIA PTY LTD $3,000

CEDAR MEATS (AUST) PTY LIMITED $2,000

CEI PTY LIMITED $3,000

CELEMETRIX AUSTRALIA PTY LTD $3,000

CENTRAL GIPPSLAND INSTITUTE OF TAFE $3,000


CENTRE FOR AGRICULTURE AND BUSINESS YARRA VALLEY INC $5,704

CERTAINTY COMPLIANCE PTY LTD $2,000

CERTATECH HOLDINGS PTY LTD $3,000

CERTIFIED FRESH (AUSTRALIA) PTY LTD $3,000

CETEC PTY LTD $3,000

CHAMBER MUSIC AUSTRALIA INC $3,000

CHASSIS BRAKES INTERNATIONAL (AUSTRALIA) PTY LTD $1,044

CHATEAU YERING HISTORIC HOUSE HOTEL PTY LTD $3,000

CHERIE MACKLIN $10,000

CHERISH INTERNATIONAL PTY LTD $3,000

CHISHOLM INSTITUTE OF TECHNICAL AND FURTHER EDUCATION $4,603


CITOLA LTD $9,000

CITRUS AUSTRALIA LTD $2,658

CITY LIVING (AUST) PTY LTD $3,000



CLAIRE SHEED-FINCK $10,000


CLEAN TEQ LIMITED $2,000

COMMSFORCE PTY LTD $3,000

COMPELLING ECONOMICS PTY LTD $3,000


04 APPENDICES


GAP AUSTRALIAN PRODUCE EXPORTS PTY LTD $3,000

GASCO PTY LTD $2,000

GAUDI DESIGN PTY LTD $3,000

GDV GLOBAL DIGITAL VISION PTY LTD $2,616

GEELONG PERFORMING ARTS CENTRE $2,887

GELATAVITA MANAGEMENT PTY LTD $3,000

GENIUS LINK ASSETS MANAGEMENT PTY LTD $2,388

GENIX VENTURES PTY LTD $7,968

GEO AUSTRALIA PTY LTD $2,000

GET LOST TRAVEL PTY LTD $3,000

GILES WADE PRIVATE WEALTH PTY LTD $3,000

GIPPY FOODS PTY LTD $9,000

GLEN CAMERON NOMINEES PTY LTD $3,000

GLICKS CAKES & BAGELS PTY LTD $2,000

GLOBAL BALLOONING AUSTRALIA PTY LTD $9,000

GLOBAL EDUCATION AND TRAINING GROUP PTY LTD $3,000

GMS COMPOSITES PTY LTD $2,000

GOLDQUEST HOTELS PTY LIMITED $3,000

GOONA WARRA VINEYARD PTY LTD $10,000

GOULBURN ENTERPRISES (AUSTRALIA) PTY LTD $3,000

GOULBURN OVENS INSTITUTE OF TAFE $3,000

GRAHAM JONES INTERNATIONAL PTY LTD $2,804

GRANDCITY (AUSTRALIA) TRAVEL & TOUR PTY LTD $3,000

GRAY LINE OF MELBOURNE PTY LTD $8,428

GREAT SOUTHERN TOURING ROUTE INC $9,000

GREAT SOUTHERN WATERS PTY LTD $3,000

GREENARD WILLING INDIA PTY LTD $3,000

GREENARD WILLING PTY LTD $3,000

HARCOURT VALLEY VINEYARDS PTY LTD $10,000

HARVEST BOX PTY LTD $9,000

HATLAR GROUP PTY LTD $6,000

HEALTH CAREERS INTERNATIONAL PTY LTD $3,000

HELI-SERV PTY LTD $3,000

HF PROMOTIONS PTY LTD $6,000

HOLMESGLEN INSTITUTE OF TAFE $3,000

HOOGWEGT AUSTRALIA PTY LTD $3,000

HUW SLATER $5,000

HYDRONUMERICS PTY LTD $7,000

HYPERLOCAL PTY LTD $4,870


EMERALD GRAIN PTY LTD $3,000

EMERALD TOURIST RAILWAY BOARD $8,844

EMERGENCY WARNING SYSTEMS PTY LTD $5,999

ENTERPRISE ARCHITECTS (VIC) PTY LTD $3,000

ENVEST ECO CITY PTY LTD $3,000

ENVIROSTREAM SOLUTIONS PTY LTD $3,000

EPWORTH FOUNDATION $3,000

EQUUS INTERNATIONAL $3,000

ESSENTIAL ECONOMICS PTY LTD $3,000

ESSENTIAL FLAVOURS AND INGREDIENTS PTY LIMITED $3,000

EVANS AND PARTNERS PTY LTD $3,000

EVISION PTY LIMITED $6,000

EXASITES PTY LTD $2,917

EXCELCON PTY LTD $3,000

EXCELSIOR INTERNATIONAL PTY LIMITED $2,785

EXQUISINE PTY LTD $6,000

EXTRAGREEN HOLIDAYS (AUST) PTY LTD $3,000

F R PERRY & ASSOCIATES PTY LTD $2,774

FABRIC GROUP PTY LTD $3,000

FALCON CAPITAL PTY LTD $3,933

FARINET PTY LTD $2,765

FBT-TRANSWEST PTY LTD $3,000

FELIX DOMUS PTY LIMITED $3,000

FENDER KATSALIDIS (AUST) PTY LTD $3,000

FIDELIA SYSTEMS (AUSTRALIA) PTY LTD $8,018

FLASHFX PTY LTD $2,927

FLEXANSWER SOLUTIONS PTY LTD $3,000

FLIGHT TECH AEROSPACE $3,000

FLOWERDALE SPROUT FARM PTY LTD $1,497

FMEVOLUTION PTY LTD $2,775

FOOD FOR HEALTH PTY LTD $3,000

FOURSIGHT ARCHITECTS PTY LTD $3,000

FRACTAL MULTIMEDIA PTY LIMITED $3,000

FREE TO ROAM AUSTRALIA PTY LTD $3,000

FRESH VENT PTY LTD $5,468

FREWSTAL PTY LTD $3,000

FULCRUM MANUFACTURING EXPORT PTY LTD $3,000

G21 AGRIBUSINESS FORUM INC $5,653

GADENS LAWYERS $3,000

GAMM FOODS PTY LTD $2,000


04 APPENDICES


KOOKA'S COUNTRY COOKIES PTY LTD $2,000

KOTCH ENTERPRISES PTY LTD $3,000

KUWAII $2,000

L & B WORLDWIDE AUSTRALIA PTY LTD $3,000


LAB ARCHITECTURE STUDIO PTY LTD $3,000

LADYS CREEK VINEYARD $3,000

LANGREY INTERNATIONAL PTY LTD $12,000

LANGUAGE PARTNER PTY LTD $3,000


LEADING AGE SERVICES AUSTRALIA - VICTORIA $6,000

LEARNING DIMENSIONS NETWORK PTY LTD $3,000

LENBRIDGE FORGE PTY LTD $3,000

LEO PRIESTNALL $15,000

LISA BARRON PTY LTD $2,000

LISKIBRAE PTY LTD $3,000

LONG FENG INTERNATIONAL AUSTRALIA PTY LTD $2,418

M NGUYEN & V A NGUYEN $2,000

M3 PROPERTY (VIC) PTY LTD $3,000

MADE (AUST) PTY LTD $3,000

MAINLINE AUTOMOTIVE EQUIPMENT PTY LTD $3,000

MAINSTREAM AQUACULTURE PTY LTD $8,000

MALVERN INSTITUTE PTY LTD $3,000

MANALLACK PROPRIETARY LIMITED $3,000

MANDEL TRADING PTY LTD $3,000

MANDURANG VALLEY WINES $3,000

MARINE TECH INDUSTRIES AUSTRALIA PTY LTD $2,564

MARWA FOODS PTY LTD $3,000

MATIM PTY LTD $6,000

MBD ENERGY LIMITED $3,000

MCCARTHY PSYCHOLOGY SERVICES PTY LTD $3,000

MCG INTERNATIONAL PTY LTD $2,000

MCLEAN DELMO BENTLEYS PTY LTD $5,000

MCLEOD RAIL PTY LTD $2,000

MCOMMS DESIGN PTY LTD $3,000

MEAT TENDER PTY LTD $10,000

MEATENG PTY LTD $9,000

MECWA $3,000

MEDHURST WINES PTY LTD $3,000

MEDIA EQUATION PTY LTD $2,990

MEDIAPROXY PTY LTD $3,000


IAN PARKER $5,000

IBUILD DEVELOPMENTS PTY LTD $3,000

INDEPENDENT MANAGEMENT GROUP PTY LTD $2,026

INFOACTIV LOGISTICS SOLUTIONS PTY LTD $3,000

INFRARISK PTY LTD $3,000

INNOVATIVE MECHATRONICS GROUP PTY LTD $3,000

INTEGR8TIV PTY LTD $3,000

INTEGRATED DESIGN & ENGINEERING SOLUTIONS PTY LTD $3,000

INTERAUST FOODS PTY LTD $5,000

INTERNATIONAL EDUCATION ACADEMIES GROUP PTY LTD $2,708

INTERNATIONAL MARKETING AUSTRALIA PTY LTD $8,000

INTERNATIONAL SUPPLIES & DISTRIBUTION COMPANY PTY LTD $4,772

INTERNATIONAL URBAN STRATEGIES PTY LTD $5,790

INTRINSIC INVESTMENT MANAGEMENT PTY LTD $3,000

IPM TECHNOLOGIES PTY LTD $3,000

IROAM GLOBAL PTY LTD $2,826

I-TELERAD PTY LTD $3,000

ITO EN AUSTRALIA PTY LIMITED $2,000

JACK DWYER $10,000

JARROD CLAGUE $15,000

JDLF INTERNATIONAL PTY LTD $6,000

JOE SWEENEY $10,000

JOHN RONEY $5,000

JOLET UCCHINO $3,000

JOSHUA HEMMING $10,000

JUDY DIANNE MAYALL $2,000

JULIEN LEYRE $10,000

KADU F & B SOLUTIONS PTY LTD $3,000

KANGAN INSTITUTE $8,945

KAREN KNOWLES ENTERPRISES PTY LTD $5,000

KBSG PTY LTD $3,000

KERR & CO TRADING PTY LTD $3,000

KEY CREATIVE PTY LTD $6,000

KILBAHA PTY LTD $2,659

KIM FLETCHER MILLINERY ART $4,845

KINGFISHER INTERNATIONAL PTY LTD $3,000

KINRARA PTY LTD $2,000

KOALA COUNTRY ORCHARDS PTY LTD $3,000

KOKO BLACK GROUP PTY LTD $2,476


04 APPENDICES


NET BALANCE MANAGEMENT GROUP PTY LTD $5,000

NEUROSCIENCES VICTORIA LIMITED $3,000

NEXT DIGITAL GROUP PTY LTD $2,886

NEXTEER AUTOMOTIVE AUSTRALIA PTY LTD $2,923

NEXUS DESIGNS PTY LTD $3,000

NEZKOT PTY LIMITED $2,000

NG TECHNOLOGY PTY LTD $3,000

NICHOLAS MANZONI $5,000

NIGEL ALDONS $5,000


NORTHERN MELBOURNE INSTITUTE OF TAFE $6,000

NOVATTI PTY LTD $3,000

NSYNERGY PTY LTD $3,000

O1A INTERNATIONAL PTY LTD $6,000

OASIS EXPORTS PTY LTD $3,000

OBENA FALLS PTY LTD $7,000

OCEANIA GOURMET PTY LTD $3,000

OMEGA GLOBAL INVESTORS PTY LTD $5,000

OMG IMPORTS PTY LTD $3,000

OPEN CHANNEL CO-OPERATIVE LIMITED $3,000

OPTIMISING PTY LTD $2,928

OPTOTECH PTY LTD $6,000

OURSAY PTY LTD $2,130

OUTLOOK HILL $3,000

OXLEY INTERNATIONAL PTY LTD $1,945

P R BICKNELL & P A BICKNELL $2,000

PADGHAM & COX PTY LTD $3,000

PALM CONSOLIDATED PTY LTD $3,000

PANA CHOCOLATE PTY LTD $3,000

PAPERCUT SOFTWARE INTERNATIONAL PTY LTD $6,000

PASSION FOR PASTA PTY LTD $2,727

PCR AUSTRALASIA PTY LTD $6,000

PDG MANAGEMENT PTY LTD $3,000

PEDDLE THORP MELBOURNE PTY LTD $3,000

PEERCORE IT PTY LTD $6,000

PEERLESS HOLDINGS PTY LIMITED $2,000

PENINSULA HELICOPTERS PTY LTD $3,000

PENINSULA HOT SPRINGS PTY LTD $5,904

PENINSULA SEAROAD TRANSPORT PTY LTD $6,000

PERFETTO INTERNATIONAL PTY LTD $3,000

PERIPLOI AVIATION $3,000


MEGA CONSOLIDATED AUSTRALIA PTY LTD $2,000

MELBOURNE BUSINESS COACHING PTY LTD $2,000


MELBOURNE CONVENTION BUREAU LIMITED $4,513

MELBOURNE EUREKA TOWER OBSERVATION DECK PTY LTD $6,000


MELBOURNE PRIVATE TOURS $2,727

MELBOURNE SHORT STAY APARTMENTS PTY LTD $6,000

MEMKO PTY LTD $3,000

MEREDITH DAIRY PTY LTD $6,000

METALSA AUSTRALIA PTY LIMITED $3,000

MEYA INNOVATIONS PTY LTD $6,000

MIDDLE CREEK VINEYARD PTY LTD $4,869

MIGENIUS PTY LTD $3,000

MILSPEC MANUFACTURING PTY LTD $2,000

MIND BLOWING FILMS PTY LTD $5,000

MINNIS HORTICULTURAL SERVICES PTY LTD $2,161

MINT PERSONNEL PTY LTD $3,000

MINT TRAINING PTY LTD $3,000

MODO ARCHITECTURE PTY LTD $3,000

MONARCH INSTITUTE PTY LTD $3,000


MOORABBIN AIRPORT CORPORATION PTY LIMITED $3,000

MORGAN STANLEY WEALTH MANAGEMENT AUSTRALIA PTY LTD $2,000


MORSEAIR SYSTEMS PTY LTD $2,000

MOUNT BULLER AND MOUNT STIRLING RESORT MANAGEMENT BOARD $6,000

MULTIPANEL PTY LTD $3,000

MURPHY TRANSPORT SOLUTIONS PTY LTD $3,000

MURRAY RIVER ORGANICS PTY LTD $12,000

MURRINDINDI VINEYARDS PTY LTD $3,000

MUSEUM OF CHINESE AUSTRALIAN HISTORY INCORPORATED $3,000

MYL PTY LTD $3,000

N D Y MANAGEMENT PTY LTD $2,000

NAGAMBIE WINE CORPORATION PTY LTD $3,000

NATIONAL AGEING RESEARCH INSTITUTE LIMITED $3,000

NEGOTIACTION PTY LTD $3,000


04 APPENDICES


SAFEROADS PTY LTD $3,000

SAFIR TOURS PTY LTD $2,650

SALLY BURCHARD $10,000

SALUS HEALTHCARE PTY LTD $3,000

SAMPLE ROOM (VIC) PTY LTD $5,000

SANCELL PTY LTD $2,821

SANDHURST RIDGE $8,000

SANJUKU INTERNATIONAL $2,082

SASK INTERNATIONAL EXPORT & IMPORT PTY LTD $6,186

SAVANNAH'S FOODS PTY LTD $2,000

SCOPEASIA PTY LTD $3,000

SCORPIO FOODS PTY LTD $4,954

SEAN MAHER $10,000

SEANG SENG (SEAN) YEOH $15,000

SELECT HARVESTS FOOD PRODUCTS PTY LTD $7,000

SERLINA CHU $10,000

SEVEN FIELDS OPERATIONS PTY LTD $3,000

SEVEN PEAKS CONSULTING PTY LTD $2,000

SGS ECONOMICS AND PLANNING PTY LTD $2,839

SINGLE SERVE PACKAGING PTY LTD $3,350

SKY SOFTWARE PTY LTD $3,000

SM@RTTRANS LTD $3,000

SNAKES AND LADDERS CIDER PTY LTD $1,699

SOUTH GIPPSLAND WINE COMPANY PTY LTD $3,000

SOUTHERN CROSS COMPUTER SYSTEMS PTY LTD $3,000

SOUTHERN PRODUCE TRADERS PTY LTD $1,992

SOUTHGATE HOTEL MANAGEMENT PTY LTD $3,000

SPACES PTY LTD $3,000

SPECIALISED INVESTMENT AND LENDING CORPORATION PTY LTD $5,000

SPECTRUM MS PTY LTD $3,000

SPEEDSHIELD TECHNOLOGIES PTY LTD $3,000

SPICE TELECOM AUSTRALIA PTY LTD $6,000

SPIIRE AUSTRALIA PTY LTD $6,000

SPRUIK GROUP (AUSTRALIA) PTY LTD $3,000

STAGONO PTY LTD $7,000

STONESTAR WHOLESALE PTY LTD $2,000

STRATICA INTERNATIONAL PTY LTD $6,000

STREAMLINE SOLUTIONS PTY LIMITED $3,000

STUDIO 505 PROPRIETARY LIMITED $6,000


PETERS COMMODITIES PTY LTD $5,000

PHILLIP CAPITAL LIMITED $2,000

PHILLIP ISLAND NATURE PARK BOARD OF MANAGEMENT INC $6,000

PHILLIPPA'S PTY LTD $3,000

PILOT ATHLETIC PTY LTD $3,000

PILOT FREIGHT PTY LTD $2,048

PLANISPHERE PTY LTD $1,912

PLANNING INSTITUTE OF AUSTRALIA LIMITED $3,000

PLASTAG PTY LTD $3,000

POINT OF ORIGIN PTY LTD $13,698

POLYGLOT PUPPET THEATRE LTD $3,000

POLYMERIC POWDERS COMPANY PTY LTD $2,000

PONTE (GFS) PTY LTD $6,000

POPINA (VIC) PTY LTD $5,000

POPPET INTERNATIONAL PTY LTD $5,817

PREMIUM AUSTRALIAN FOODS PTY LTD $3,000

PRO PORTION FOODS PTY LTD $6,000

PYROTEK PTY LTD $3,000

QUEEN STREET PARTNERS PTY LIMITED $2,583

R & R GROUP SERVICES PTY LTD $3,000

R HAN & D HUANG $2,918

R I MCAULIFFE & R J MCAULIFFE $4,000

R J & R C INVESTMENTS PTY LIMITED $2,827

RADEVSKI COOLSTORES PTY LTD $3,000

RAINBOW INTERNATIONAL ENTERPRISES PTY LIMITED $3,000

RALPHS MEAT COMPANY PTY LTD $3,000

RAMDRAFT PTY LTD $3,000

RANDALL ARTS MANAGEMENT PTY LTD $3,000

RAPHAEL MCQUEENIE $5,000

RAVEN PARK PTY LTD $3,000

RAYNER'S ORCHARD $3,000

RECTIFIER TECHNOLOGIES PACIFIC PTY LTD $5,563

REDBACK HEALTH SERVICES PTY LTD $3,000

RELAY MONITORING SYSTEMS PTY LTD $3,000

ROB DOLAN WINES PTY LTD $3,000

ROMTECK PTM PTY LTD $3,000

RONSON GEARS PROPRIETARY LIMITED $2,000


RYAN MEAT COMPANY PTY LTD $3,000

SAFE SLEEP SPACE PTY LTD $3,000


04 APPENDICES


THREE LAMBS PTY LTD $5,000

TOBY DICKSON $5,000

TRACT CONSULTANTS PTY LTD $3,000

TRADEWORTHY PTY LTD $3,000

TRAINSEM PTY LTD $3,000

TREASURE GROUP PTY LTD $1,838

TRIMBLE PLANNING SOLUTIONS PTY LTD $6,000

TRISTAN TAN $5,000

TRISTAR AVIATION COMPANY PTY LTD $3,000

TRUE EDUCATION PTY LTD $3,000

TWO BULLS HOLDINGS PTY LTD $3,000

UNIFIED HEALTHCARE GROUP PTY LTD $3,000

UNIVERSAL BAKERY AUSTRALIA PTY LTD $1,946


UOM COMMERCIAL LTD $3,000

UPWEY VALVE & ENGINEERING PTY LTD $2,000

URBAN BIO SYSTEMS PTY LTD $3,000

URBAN DEVELOPMENT INSTITUTE OF AUSTRALIA (VICTORIA) $9,000

URBAN REFORESTATION $2,309

UTILIBILL PTY LTD $3,000

VARCON CONSTRUCTIONS (AUST) PTY LTD $3,000

VASCO INVESTMENT MANAGERS LIMITED $5,000

VEDALEON TECHNOLOGIES PTY LTD $3,000

VENTURE DMG PTY LTD $1,788

VEYANCE BELTING PTY LTD $2,000

VICPAK PTY LTD $3,000

VICTORIA INVESTMENTS AND PROPERTIES PTY LTD $3,000


VICTORIAN AGRIBUSINESS COUNCIL INC $6,000

VICTORIAN FARMERS FEDERATION $2,000

VICTORIAN PARTNERSHIP FOR ADVANCED COMPUTING LIMITED $3,000

VICTORIAN TAFE INTERNATIONAL INC $3,000

VICTORIAN TRANSPORT ASSOCIATION INC $3,000

VIN 888 PTY LTD $3,000

VISIONSTREAM PTY LIMITED $3,000

VOICECAM $3,000

VPAC INNOVATIONS PTY LTD $3,000

VUPLEX GROUP PTY LTD $3,000

WANDIN VALLEY FARMS $6,000


STUMPY GULLY VINEYARD PTY LTD $3,000

SUE HODGES PRODUCTIONS PTY LTD $2,000

SUMMERFRUIT AUSTRALIA LIMITED $11,000

SUN HEALTH FOODS PTY LTD $6,000

SUNNY RIDGE EPICURE PTY LTD $3,000

SUNRAYSIA DRIED FRUITS PTY LTD $3,000

SUPACAT PTY LTD $3,000

SUSTAINABILITY VENTURES PTY LTD $3,000

SUSTAINABLE MELBOURNE FUND $1,953


SYME ON YARRA PTY LTD $3,000

SYPAQ SYSTEMS PTY LTD $3,000

TAG ASSET CONSULTING GROUP PTY LTD $2,718

TECH RESOURCE - TECHNOLOGY, TEAMS, TALENT $3,000

TECHNOSOURCE AUSTRALIA PTY LTD $3,000

TECTURA PTY LTD $3,000

TEKMED PTY LTD $3,000

TETFU TRADING PTY LTD $10,286


THE AUSTRALIAN TABLE GRAPE ASSOCIATION $3,000

THE AUSTRALIAN TURNTABLE CO PTY LTD $3,000

THE CAKE SYNDICATE PTY LTD $3,000

THE DECOR CORPORATION PTY LTD $8,000

THE EXPERIENCES GROUP PTY LTD $6,000

THE GLOBAL FOUNDATION $3,000

THE GOURMET NUT COMPANY PTY LTD $11,821

THE HAIRY ARM WINE COMPANY PTY LTD $3,000

THE HANGING ROCK WINERY PTY LTD $3,000

THE PERSONNEL RISK MANAGEMENT GROUP PTY LTD $8,000

THE REGIMENTAL CONDIMENT COMPANY PTY LTD $7,000

THE ROYAL AGRICULTURAL SOCIETY OF VICTORIA LIMITED $5,000

THE SCOTCHMANS HILL GROUP PTY LTD $2,378

THE SOVEREIGN HILL MUSEUMS ASSOCIATION $6,000

THE SWANN GROUP PTY LTD $2,000

THE VEGETABLE CONNECTION PTY LTD $2,345

THE VICTORIAN HEALTHCARE ASSOCIATION LIMITED $3,000

THERMO TRANSIT TECHNOLOGIES PTY LTD $3,000

THOMSON ADSETT (VICTORIA) PTY LTD $3,000


04 APPENDICES

REGIONAL DEVELOPMENT VICTORIA GRANTS

Grant payments totalling $155 million made to companies and organisations in 2013-14 under the department’s various RDV grants programs are detailed below.

COMMUNITY SUPPORT FUNDING - COMMUNITY COMMITMENTS

GREAT OCEAN ROAD COAST COMMITTEE INCORPORATED $900,000

LIONS CLUB OF KERANG INC $5,000

NOWEYUNG LTD $315,000

THE BENDIGO TRUST $50,000

WHITTLESEA AGRICULTURAL SOCIETY INCORPORATED $3,000

WONTHAGGI CITIZENS BAND INC $32,000

TOTAL $1,305,000

CSF FUNDING - COMMUNITY FACILITIES: SUPPORTING GROWING COMMUNITIES, BUSHFIRE AREAS PROGRAM

LABERTOUCHE & DISTRICT COMMUNITY CENTRE INC $18,750


MURRINDINDI SHIRE COUNCIL $84,000


TOTAL $150,750

CSF FUNDING - VICTORIAN COMMUNITY SUPPORT

ALPINE SHIRE $20,320






MOORABOOL SHIRE COUNCIL $26,822

PENINSULA HEALTH $23,868


TOTAL $479,837

FARMERS MARKETS SUPPORT PROGRAM


FRIENDS OF ST BRIGID'S ASSOCIATION INC $10,000


HEPBURN SHIRE COUNCIL $7,500

HUME MURRAY FOOD BOWL $10,000


WATTLE CLINIC PTY LTD $3,000

WEII INTERNATIONAL TRADING PTY LTD $3,000

WENIC PTY LTD $3,000

WESTERN INSTITUTE OF TECHNOLOGY PTY LTD $3,000

WILDLIFE COAST CRUISES PTY LTD $5,885

WILLIAM ANGLISS INSTITUTE OF TAFE $3,000

WILLIAM TAING $10,000

WISA IRRIGATION SOLUTIONS PTY LTD $3,000

WODONGA INSTITUTE OF TAFE $3,000

YARRA RANGES REGIONAL MARKETING LTD $5,445

YARRA VALLEY SNACK FOODS PTY LTD $2,000

YORKE INSTITUTE PTY LTD $3,000

YOUHI AUSTRALIA PTY LTD $3,000

YOUNES KHAZOUR $2,000

ZHI HONG (AUST) GROUP PTY LTD $3,000

ZILZIE WINES PTY LTD $2,000

ZINGLER & ASSOCIATES PTY LTD $5,732

ZOE HATTEN $5,000

ZOOLOGICAL PARKS AND GARDENS BOARD $3,000

ZOYU SOLUTION PTY LTD $6,000

TOTAL $2,521,548

WORKFORCE PARTICIPATION TRUST

YOUTH CONNECT INC $266,832

TOTAL $266,832

YOUTH EMPLOYMENT SCHEME

DEPARTMENT OF EDUCATION AND EARLY CHILDHOOD DEVELOPMENT VICTORIA $720,000


DEPARTMENT OF TREASURY AND FINANCE VICTORIA $103,500

GOLDFIELDS EMPLOYMENT AND LEARNING CENTRE INC $64,200

MENTOR HUMAN RESOURCES PTY LTD $16,400

ST KILDA YOUTH SERVICE INC $46,800

SUNRAYSIA & MURRAY GROUP TRAINING LIMITED $61,200

THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF VICTORIA INCORPORATED $63,670

WHITE LION INCORPORATED $15,000

YOUTH CONNECT INC $55,375

TOTAL $1,213,645


04 APPENDICES

NATURAL DISASTER RELIEF CONT.




CUTRI FRUIT PTY LTD $100,000

DAVID ELDRIDGE PTY LTD $110,000


F J LENNE PTY LTD $50,000

F K HENSGEN & J P HENSGEN $25,000

FOUNDATION FOR RURAL AND REGIONAL RENEWAL $75,000

FREWSTAL PTY LTD $250,000

G E & D A KENNEDY PROPRIETARY LIMITED $67,500

GOLDACRES TRADING PTY LTD $29,500

GRAYS BAKERY PTY LTD $50,000


HAZELDENE'S CHICKEN FARM PROPRIETARY LIMITED $250,000



LAMATTINA BEVERAGES PTY LTD $100,000



MACEDON RANGES SHIRE COUNCIL $7,000

MANNA FARMS $20,000

MATTINA FRESH PTY LTD $40,000

MCPHERSON'S PRINTING PTY LTD $100,000



MODERN SPECIALISED VEHICLES PTY LTD $50,000

MOIRA MAC'S POULTRY AND FINE FOODS PTY LTD $200,000

MORTLOCK HYDROPONICS PTY LTD $125,000


NILLUMBIK SHIRE COUNCIL $16,550


OLAM ORCHARDS AUSTRALIA PTY LTD $300,000

P R ADAMS PTY LTD $31,000

PAARHAMMER PTY LTD $50,000


SEVEN FIELDS PTY LTD $125,000

SHIRE OF MOYNE $7,000

SHIRE OF TOWONG $111,700


FARMERS MARKETS SUPPORT PROGRAM CONT.

LOCAL FOOD CONNECT INC $15,500


MORNINGTON CHAMBER OF COMMERCE $2,000

RED GUM FOOD GROUP $2,000


TRARALGON LIONS CLUB INC $750

VICTORIAN FARMERS' MARKETS ASSOCIATION INC $94,345

WEDDERBURN COMMUNITY HOUSE INC $7,500

TOTAL $204,595

LIVING REGIONS LIVING SUBURBS

ANGLICAN TRUSTS CORPORATION OF THE DIOCESE OF GIPPSLAND $3,000

AUSTRALIAN SUSTAINABLE HARDWOODS PTY LTD $150,000

DEPARTMENT OF JUSTICE VICTORIA $212,000

GEELONG FOOTBALL CLUB LIMITED $200,000

GEELONG PERFORMING ARTS CENTRE $50,000

GIPPSLAND PORTS COMMITTEE OF MANAGEMENT INC $100,000

HORSHAM GOLF CLUB $145,000

MALLEE FAMILY CARE INC $72,000

MARYSVILLE COMMUNITY GOLF & BOWLS CLUB INC $950,000


TOURISM VICTORIA $20,000


TOTAL $2,182,000

MARYSVILLE CONVENTION CENTRE

MARYSVILLE HOTEL AND CONFERENCE CENTRE PTY LTD $9,600,000

TOTAL $9,600,000

NATURAL DISASTER RELIEF



BEECHWORTH HONEY EXPERIENCE PTY LTD $18,750

BULOKE SHIRE COUNCIL $20,860

C T & S A DONOVAN $60,000

CAMPASPE SHIRE COUNCIL $8,000

CAMPBELLS WINES PTY LTD $56,250

CASTLE TOURISM AND ENTERTAINMENT $50,000

CATHEDRAL MOUNTAIN CHRISTIAN CENTRE INC $100,000


04 APPENDICES

REGIONAL BLUEPRINT - LOCAL SKILLS PARTNERSHIPS CONT.









TOTAL $620,300

REGIONAL BLUEPRINT - PLANNING FOR TOMORROW







LAKE MOUNTAIN ALPINE RESORT MANAGEMENT BOARD $8,500









TOTAL $428,790

REGIONAL BLUEPRINT - YOUNG PROFESSIONALS CADET PROGRAM


AUSRAPID INC $8,000

AUSTRALIAN EATWELL PTY LTD $3,750

B M CONSULTING ENGINEERS $7,500

BENALLA HEALTH $12,750

BENTROL PTY LTD $1,000



CARDELL ACCOUNTANTS PTY LTD $3,750

CROSSCO CONSULTING PTY LTD $1,000

CROWTHER & SADLER PTY LTD $1,000

NATURAL DISASTER RELIEF CONT.

SOUTHERN STOCKFEEDS (OPERATIONS) PTY LTD $75,000

STRZELECKI ENGINEERING PTY LTD $25,000

THE OUTDOOR EDUCATION GROUP $50,000

TRUE FOODS PTY LTD $50,000

VEGCO PTY LTD $120,000

VIC FEED GROUP PTY LTD $50,000





TOTAL $4,350,387

NETWORKED RURAL COUNCILS

MUNICIPAL ASSOCIATION OF VICTORIA $795,000

TOTAL $795,000

REGIONAL BLUEPRINT - SUSTAINABLE SMALL TOWNS PROGRAM






MOUNT ALEXANDER SHIRE COUNCIL $81,000





TOTAL $1,076,750

REGIONAL BLUEPRINT - LOCAL SKILLS PARTNERSHIPS

ALPINE SHIRE $12,000








DESTINATION GIPPSLAND LTD $15,000





04 APPENDICES

REGIONAL DEVELOPMENT AUSTRALIA CONT.





TOTAL $696,824


AGRIFOOD SKILLS AUSTRALIA LTD $135,000

ALBERTON TIMBER & TREATMENT PLANT PTY LTD $20,000

ALPINE SHIRE $1,300,000

ALPINE TF PTY LTD $300,000

ALPINE VALLEYS VIGNERONS INC $3,000

ANGLICAN TRUSTS CORPORATION OF THE DIOCESE OF GIPPSLAND $180,000

APOLLO BAY CHAMBER OF COMMERCE AND TOURISM INC $44,000

ARARAT RURAL CITY COUNCIL $1,072,100

AUDENTES INVESTMENTS PTY LTD $3,000


AUSTRALIAN DAIRY CONFERENCE LTD $9,000

AUSTRALIAN PAPER PTY LIMITED $1,500,000

AUSTRALIAN SUSTAINABLE HARDWOODS PTY LTD $200,000

AUSTRALIAN TARTARIC PRODUCTS PTY LTD $900,000

AUSTRALIAN TRAILER MANUFACTURERS PTY LTD $30,000

BACCHUS MARSH COMMUNITY UNLIMITED INC $10,000

BALLARAT CITY COUNCIL $2,282,545

BALLARAT INTERNATIONAL FOTO BIENNALE INC $5,000

BALLARAT REGIONAL TOURISM INC $11,000

BARING RECREATION RESERVE $5,000

BASS COAST SHIRE COUNCIL $1,441,327

BAW BAW LATROBE LOCAL LEARNING AND EMPLOYMENT NETWORK INC $9,000

BAW BAW SHIRE COUNCIL $1,669,000

BEECHWORTH ROTARY CLUB INC $45,000

BENALLA AUTO CLUB INC $270,000

BENALLA RURAL CITY COUNCIL $1,560,500

BENDIGO AGRICULTURAL SHOW SOCIETY INC $150,000

BERTALLI'S ALPINE BREADS PTY LTD $37,500


BOYNTONS AUSTRALIA PTY LTD $150,000

BRUCK TEXTILE TECHNOLOGIES PTY LTD $1,203,475

REGIONAL BLUEPRINT - YOUNG PROFESSIONALS CADET PROGRAM CONT.

DIMBOOLA PRIMARY SCHOOL $3,750

DUNSTAN FARMERS ENGINEERING PTY LTD $4,250

ECOTECTURE DESIGN GROUP $3,750


GERARD BRANDRICK & ASSOCIATES PTY LTD $1,000

GIPPSLAND LAKES COMMUNITY HEALTH $3,750

HOFMANN ENGINEERING PTY LTD $1,000

MACEDON RANGES SHIRE COUNCIL $500

MESSENGER'S PHARMACY $3,750

MURRAY MALLEE LOCAL LEARNING AND EMPLOYMENT NETWORK INC $24,500


RAINBOW AND DISTRICT LANDCARE GROUP $4,250

ROSS BOTH & ASSOCIATES PTY LTD $4,750

RYAN LEGAL SERVICES PTY LTD $4,750

SMEC AUSTRALIA PTY LIMITED $1,000


STUBBS WALLACE PTY LTD $500

SWAN HILL DISTRICT HEALTH $4,250

TREWENACK PTY LTD $3,750


TOTAL $146,500

REGIONAL DEVELOPMENT AUSTRALIA

AGRIBUSINESS GIPPSLAND INC $3,750

AGRIFOOD SKILLS AUSTRALIA LTD $20,000


AVALON AIRPORT AUSTRALIA PTY LTD $55,000




COMMITTEE FOR GIPPSLAND INC $60,772


GIPPSLAND CLIMATE CHANGE NETWORK INCORPORATED $20,000

GUNDITJ MIRRING TRADITIONAL OWNERS ABORIGINAL CORPORATION $30,000

LATROBE CITY COUNCIL $300

NE TRACKS LOCAL LEARNING AND EMPLOYMENT NETWORK INC $13,000


ROADS CORPORATION $10,000

SOUTHERN FARMING SYSTEMS LTD $25,600


04 APPENDICES

REGIONAL GROWTH FUND CONT.

DEPARTMENT OF TRANSPORT PLANNING AND LOCAL INFRASTRUCTURE VICTORIA $933,332


DJA DJA WURRUNG ENTERPRISES PTY LTD $26,000

DJM FABRICATIONS (VIC) PTY LTD $160,000

DONALD 2000 INC $1,000

DRIED FRUITS AUSTRALIA INC $24,000

DROUIN WEST TIMBER & TRUSS PTY LTD $400,000

EAST GIPPSLAND MARKETING INC $52,500

EAST GIPPSLAND SHIRE COUNCIL $3,528,500

EASTERN IRON LIMITED $300,000

ECHUCA MOAMA & DISTRICT TOURISM DEVELOPMENT ASSOCIATION INC $62,500

ECHUCA-MOAMA ARTS INITIATIVE $3,000

EILDON ACTION INCORPORATED $8,000

EMERALD CENTRE FOR HOPE AND OUTREACH INCORPORATED $7,888

ENVESTRA (SA) LIMITED $2,722,500

EPWORTH FOUNDATION $2,000,000

FAWCETT MECHANICS INSTITUTE RESERVE COMMITTEE OF MANAGEMENT $63,559


FRESHZEST PTY LTD $16,000

GANNAWARRA SHIRE COUNCIL $1,067,055

GATEWAYS SUPPORT SERVICES INC $30,000

GBG CONCRETE & CONSTRUCTION PTY LTD $37,500

GEELONG OTWAY TOURISM INCORPORATED $10,000

GIPPSLAND BODY BUILDERS PTY LTD $100,000

GIPPSLAND PLAINS RAIL TRAIL INCORP $600,000

GIPPSLAND PORTS COMMITTEE OF MANAGEMENT INC $288,731

GIRGARRE DEVELOPMENT GROUP INC $2,217

GLENELG SHIRE COUNCIL $1,834,460

GOLDEN AND PARADISE BEACH RATEPAYERS AND RESIDENTS ASSOCIATION INCORPORATED $3,600

GOLDEN PLAINS SHIRE COUNCIL $1,435,300

GOLDFIELDS HISTORICAL AND ARTS SOCIETY INCORPORATED $6,000

GOLDFIELDS TOURISM INCORPORATED $30,000

GOULBURN VALLEY REGION WATER CORPORATION $30,000

GRACEBROOK VINEYARDS $30,000

GRAMPIANS TOURISM BOARD INC $35,500

GREAT OCEAN ROAD COAST COMMITTEE INCORPORATED $220,000

GREATER BENDIGO CITY COUNCIL $3,271,560


BUDA HISTORIC HOME & GARDEN INC $22,950

BULOKE SHIRE COUNCIL $1,061,000

BUNINYONG & DISTRICT COMMUNITY ASSOCIATION INC $1,950

BUNINYONG RESIDENTS' ASSOCIATION INCORPORATED $17,550

BURRA FOODS PTY LTD $1,000,000

CABBAGE TREE PUBLIC HALL $10,980

CAMPASPE SHIRE COUNCIL $3,313,400

CAMPERDOWN-TIMBOON RAIL TRAIL MANAGEMENT COMMITTEE INCORPORATED $95,000


CASTLEMAINE & MALDON RAILWAY PRESERVATION SOCIETY $50,400

CENTRAL GIPPSLAND REGION WATER CORPORATION $360,000

CENTRAL GOLDFIELDS SHIRE COUNCIL $2,489,950


CHEWTON DOMAIN SOCIETY INC $16,000

CITY OF GREATER GEELONG $4,469,950

COLAC AREA HEALTH $3,000

COLAC OTWAY SHIRE $1,009,625

COMMITTEE 4 ROCHESTER INC $18,000

COMMITTEE FOR BALLARAT INC $365,000

COMMITTEE FOR ECHUCA MOAMA INCORPORATED $3,000

COMMITTEE FOR GEELONG INC $257,000

COMMITTEE FOR GIPPSLAND INC $450,000

COMMUNITY COLLEGE GIPPSLAND LTD $30,960

COMMUNITY LEADERSHIP LODDON MURRAY INC $212,000

CORANGAMITE SHIRE COUNCIL $1,060,834

COSTA EXCHANGE HOLDINGS PTY LTD $65,224

COUNTRY FIRE AUTHORITY $16,465

COWES YACHT CLUB INCORPORATED $46,000

CRESWICK RAILWAY WORKSHOPS ASSOCIATION INC $18,000

D & R HENDERSON PTY LTD $75,000

DEAKIN UNIVERSITY $8,137,500

DEPARTMENT OF EDUCATION AND EARLY CHILDHOOD DEVELOPMENT VICTORIA $7,800,000

DEPARTMENT OF ENVIRONMENT AND PRIMARY INDUSTRIES VICTORIA $5,703,755

DEPARTMENT OF HEALTH VICTORIA $2,000,000

DEPARTMENT OF PREMIER AND CABINET VICTORIA $225,000


04 APPENDICES


MILDURA MOTOR CYCLE CLUB INCORPORATED $200,000

MILDURA RURAL CITY COUNCIL $1,725,800

MITCHELL SHIRE COUNCIL $1,559,461

MOIRA SHIRE COUNCIL $1,166,700

MOORABOOL SHIRE COUNCIL $247,550


MORWELL SHOPFITTERS PTY LIMITED $90,000

MOUNT ALEXANDER SHIRE COUNCIL $338,500

MOUNT BULLER ARTS ASSOCIATION LTD $18,500

MOUNT ELEPHANT COMMUNITY MANAGEMENT $30,000

MURRAY GOULBURN CO-OPERATIVE CO LIMITED $200,000

MURRAY RIVER REGION TOURISM LIMITED $3,000

MURRINDINDI SHIRE COUNCIL $1,551,800

MUSEUMS AUSTRALIA INCORPORATED $500

NARKOOJEE PTY LTD $45,000

NATIMUK FORESHORE COMMITTEE $58,000

NORTH EAST AGCARE INCORPORATION $140,000

NORTH EAST REGION WATER CORPORATION $1,100,000

NORTH EAST VICTORIA TOURISM BOARD INC $30,000

NORTHERN GRAMPIANS SHIRE COUNCIL $1,434,450

OLAM ORCHARDS AUSTRALIA PTY LTD $467,528

OUR REDEEMERS LUTHERAN CHURCH WARRACKNABEAL $4,500

PAPER AUSTRALIA PTY LTD $500,000

PARKS VICTORIA $1,700,000

PENINSULA SEAROAD TRANSPORT PTY LTD $750,000

PINEGRO PRODUCTS PROPRIETARY LIMITED $180,000

PORT OF PORTLAND PTY LIMITED $243,053

PORTLAND CABLE TRAMS INC $9,000

PROGRESSING COBDEN INC $9,223

PUREHARVEST $150,000


R A & J L MURPHY $120,000

RAMAHYUCK DISTRICT ABORIGINAL CORPORATION $7,500

ROCHESTER CHAMBER OF COMMERCE AND INDUSTRY INC $7,200

ROTAFAB PTY LTD $144,000

RUSHWORTH PUBLIC PARK RESERVE COMMITTEE OF MANAGEMENT INCORPORATED $39,000

RYAN & MCNULTY PTY LTD $90,000

SAFETECH PTY LTD $30,000

SAGE COMPUTER SUPPORT PTY LIMITED $100,000


GREATER SHEPPARTON CITY COUNCIL $1,716,680

GROWTH AREAS AUTHORITY $166,666

HAMILTON PASTORAL & AGRICULTURAL SOCIETY INC $10,000

HEALESVILLE LIVING & LEARNING CENTRE INC $73,796

HEPBURN SHIRE COUNCIL $1,152,719

HEYFIELD COMMUNITY RESOURCE CENTRE INC $5,000


HORSHAM RURAL CITY COUNCIL $3,431,863

INDIGO SHIRE COUNCIL $480,280

IRON HORSE INTERMODAL PTY LTD $30,000

J & J NIELSEN PTY LTD $21,000

JAILHOUSE ROCK FESTIVAL COMMITTEE INC $4,500

JAMES STOCK FEED AND FERTILIZER PTY LTD $30,000

JAMIESON COMMUNITY GROUP & ASSOCIATED BODIES INCORPORATED $886

JOEL JOEL PUBLIC HALL $3,600

KARINGAL INC $500,000

KINGLAKE RANGES BUSINESS NETWORK INC $17,900

LAKE BOLAC DEVELOPMENT ASSOCIATION INC $4,950

LAKE COORONG/LAKE LASCELLES COMMITTEE OF MANAGEMENT INC $36,000

LAKEGOLDSMITH STEAM PRESERVATION ASSOCIATION INC $4,500

LATROBE CITY COUNCIL $1,924,440

LATROBE VALLEY WOMEN IN BUSINESS INC $9,000

LION-DAIRY & DRINKS PTY LTD $490,000

LIONS CLUB OF CORRYONG $267,300

LIONS CLUB OF MINYIP INC $7,020


LONG GULLY NEIGHBOURHOOD CENTRE $27,000

LORNE BUSINESS & TOURISM ASSOCIATION INC $20,000

MACALISTER RESEARCH FARM CO-OPERATIVE LTD $500

MACEDON RANGES SHIRE COUNCIL $1,049,060

MACPHERSON SMITH RURAL FOUNDATION LIMITED $75,000

MADEC AUSTRALIA $100,000

MAFFRA FARMHOUSE CHEESE PTY LTD $172,500

MAJORCA VICTORIA PARK GARDENS & PUBLIC $107,730

MANSFIELD SHIRE COUNCIL $1,223,550

MARS AUSTRALIA PTY LTD $200,000

MILDURA ABORIGINAL CORPORATION INCORPORATED $130,000



04 APPENDICES

TRANSPORT CONNECTIONS CONT.















SUNASSIST VOLUNTEER HELPERS INC $42,500


WESTERN DISTRICT HEALTH SERVICE $37,500


TOTAL $944,512


VOLUNTEERING VICTORIA INCORPORATED $99,000

W P PORTELLI & P REIDY $125,000

WALHALLA AND MOUNTAIN RIVERS TOURISM $5,000

WALHALLA BOARD OF MANAGEMENT INCORPORATED $7,200

WANGARATTA FESTIVAL OF JAZZ INC $22,500


WANNON REGION WATER CORPORATION $107,000

WARRANDYTE COMMUNITY ASSOCIATION INC $8,620

WARRNAMBOOL CITY COUNCIL $5,020,029

WELLINGTON REGIONAL TOURISM INC $4,000

WELLINGTON SHIRE COUNCIL $2,402,450

WEST WIMMERA HEALTH SERVICE $17,500


WESTERN REGION WATER CORPORATION $744,130

WILLAURA AND DISTRICT COMMUNITY DEVELOPMENT GROUP $135,000


WODONGA CITY COUNCIL $1,616,000

WODONGA RENDERING PTY LTD $808,000

WORKCO LIMITED $2,800

YARCK MECHANICS INSTITUTE AND LIBRARY $67,600


YEA COMMUNITY SERVICE GROUP INC $5,850

YEA RACECOURSE AND RECREATION RESERVE $70,000

YINNAR & DISTRICT COMMUNITY ASSOCIATION INC $450

TOTAL $131,158,282

REGIONAL BLUEPRINT - ADVANCING COUNTRY TOWNS





ROBINVALE DISTRICT HEALTH SERVICES $136,000


TOTAL $856,000

TRANSPORT CONNECTIONS






SALE BUSINESS AND TOURISM ASSOCIATION INCORPORATED $23,760

SEA LAKE OFF ROAD CLUB INC $6,000

SEASPRAY RESERVES COMMITTEE OF MANAGEMENT $5,800

SHIPWRECK COAST TOURISM INC $16,000

SHIRE OF CAMPASPE $30,000

SHIRE OF MOYNE $928,253

SHIRE OF STRATHBOGIE $872,500



SOUTH GIPPSLAND TOURIST RAILWAY INC $103,500

SOUTHERN FARMING SYSTEMS LTD $40,500


SPI NETWORKS (GAS) PTY LTD $2,580,000

STAR COMMUNITY CINEMA ASSOCIATION INC $31,500

STEELINE GIPPSLAND PTY LTD $187,500

STR INSPECTION SERVICES PTY LTD $50,000


SWAN HILL MOTORCYCLE CLUB INC $5,000

SWAN HILL RURAL CITY COUNCIL $1,017,854

THE BENDIGO TRUST $30,000

THE CENTRAL HIGHLANDS TOURIST RAILWAY $130,800

THE CENTRE FOR RURAL COMMUNITIES INC $27,000

THE COMMUNITY FOUNDATION FOR BENDIGO & CENTRAL VICTORIA LTD. $3,000

THE GIPPSLAND BUSINESS AWARDS ASSOCIATION INC $5,400

THE GIPPSLAND FIELD DAYS $217,500

THE MOUNTAIN CATTLEMENS ASSOCIATION OF VICTORIA INC $65,600

THE NOOJEE & DISTRICT HISTORICAL SOCIETY INC $22,118

THE PRB FOOD GROUP PTY LIMITED $200,000

THE SOVEREIGN HILL MUSEUMS ASSOCIATION $250,000

TRAFALGAR EAST PUBLIC HALL RESERVE $13,500

UCA – CAMPERDOWN $27,000

UNIVERSITY OF BALLARAT $300,000

UNIVERSITY OF MELBOURNE $1,625,000

VALLEY PARK FARM PTY LTD $40,000

VEGCO PTY LTD $150,000

VIC GAS DISTRIBUTION PTY LTD $1,019,000

VICTORIAN AMERICAN IMPORTS PTY LTD $110,000

VICTORIAN FARMERS FEDERATION $788,093

VIETNAM VETERANS ASSOCIATION OF AUSTRALIA MUSEUM SUB-BRANCH $36,000


04 APPENDICES

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 are comprised of the comprehensive operating statement, balance sheet, statement of changes in equity and statement of cash flows.

The Budget portfolio outcomes have been prepared on a consolidated basis and include all General Government entities within the portfolio. Financial transactions and balances are classified into either Controlled or Administered, in accordance with the Australian Accounting Standard AASB 1049 Whole of Government and General Government Sector Financial Reporting and agreed with the Treasurer in the context of the Budget Papers.

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 the following entities:

Controlled

> The Department of State Development, Business and Innovation

> Victoria Trade and Investment Office

> The Office of the Small Business Commissioner

> Secretary to the Department of State Development Business and Innovation, Body Corporate (Major Projects Victoria)

> Tourism Victoria*

> Film Victoria*

> Cenitex*

* Prepare own financial statements.

Administered items Statement

The Department of State Development, Business and Innovation (Administered).

In 2013-14, definitions of a contractor and consultant were changed in Financial Reporting Direction 22E. The department has applied these definitions for reporting purposes. The changed definitions mean that comparisons with previous annual report’s data are no longer valid. The new definitions are:

> Contractor - A contractor is an individual or organisation that is formally engaged to provide works or services for or on behalf of an entity. This definition does not include casual, fixed-term or temporary employees employed by the entity

> Consultant - A consultant is a particular type of contractor that is engaged primarily to perform a discrete task for an entity that facilitates decision making through a) provision of expert analysis and advice; and/or b) development of a written report or other intellectual output.

Summary of consultancies

In 2013-14, there were 40 consultancies where the total fees payable to the consultants were $10,000 or greater (excluding GST). The total expenditure incurred during 2013-14 in relation to these consultancies was $8.2 million (excluding GST). Details of individual consultancies can be found at dsdbi.vic.gov.au

In 2013-14, there were 29 consultancies where the total fees payable to the consultants were less than $10,000 (excluding GST). The total expenditure incurred during 2013-14 in relation to these consultancies was $172,000 (excluding GST).

APPENDIX 7 CONSULTANCIES

APPENDIX 8 BUDGET PORTFOLIO OUTCOMES


04 APPENDICES

NOTES2013-14

ACTUAL

2013-14 PUBLISHED

BUDGET

2013-14 REVISED BUDGET VARIATION

$’000 $’000 $’000 $’000 %

Output appropriations 1 712,223 787,277 732,526 (20,302) (3%)

Interest 6,812 10,200 10,458 (3,646) (35%)

Sales of goods and services 173,631 60,777 169,419 4,212 2%

Grants 85,874 11,635 82,358 3,516 4%

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

472 – – 472 0%

Other income 2 119,605 189,720 139,893 (20,288) (15%)

Total income from transactions 1,098,616 1,059,609 1,134,653 (36,037) (3%)

Employee benefits 189,943 134,596 197,028 (7,084) (4%)

Depreciation and amortisation 31,309 7,937 37,207 (5,898) (16%)

Interest expense 297 13 13 284 2186%

Grants and other transfers 3 449,038 461,751 480,946 (31,908) (7%)

Capital asset charge 9,848 9,848 9,848 – 0%

Other operating expenses 4 383,682 444,321 442,545 (58,863) (13%)

Total expenses from transactions 1,064,117 1,058,466 1,167,585 (103,468) (9%)

Net result from transactions (net operating balance)

(34,499) (1,143) 32,932 (67,432) (205%)

Net gain/(loss) on non-financial assets 5,052 – – 5,052 0%

Net gain/(loss) on financial instruments and statutory receivables/payables

333 192 192 141 74%

Other gains/(losses)from other economic flows 65 – – 65 0%

Total other economic flows 5,450 192 192 5,258 2740%

Net result (29,049) (951) 33,124 (62,174) (188%)

Other 126 (592) (19,323) 19,448 (101%)

Total other economic flows – Other non owner changes in equity 126 (592) (19,323) 19,448 (101%)

Comprehensive result (28,924) (1,542) 13,802 (42,725) (310%)

Explanations for major variations between 2013-14 actual and 2013-14 revised budget(1) Variation in output appropriation relates to underspend

across a range of programs which will be delivered in the following year.

(2) Variation in other income is mainly due to lower receipts in relation to Kew Residential Services Project.

(3) Variation relates to delays in milestone achievements by grant recipients, finalising grant contracts, and/or consequential delays in commencement of grant programs.

(4) Variation is mainly due to lower cost of land sales for Kew Residential Services Project and in general operational expenditure.

COMPREHENSIVE OPERATING STATEMENT FOR THE YEAR ENDED 30 JUNE 2014


04 APPENDICES

BALANCE SHEET AS AT 30 JUNE 2014

NOTES2013-14

ACTUAL

2013-14 PUBLISHED

BUDGET


$’000 $’000 $’000 $’000 %

Cash and deposits 1 416,812 371,656 362,652 54,160 15%

Receivables 158,798 88,483 153,010 5,788 4%

Other financial assets 28,664 37,252 37,385 (8,721) (23%)

Investments accounted for using the equity method 35,000 35,000 35,000 – 0%

Financial assets 639,274 532,391 588,047 51,227 9%

Inventories 10,196 23,646 7,093 3,104 44%

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

25 – 23 2 10%

Property, plant and equipment 2 597,601 632,218 656,519 (58,917) (9%)

Intangible assets 40,944 12,025 43,666 (2,721) (6%)

Other 36,782 28,604 40,346 (3,564) (9%)

Non-financial assets 685,549 696,516 747,646 (62,096) (8%)

Total assets 638,802 1,228,907 1,335,693 (10,870) (1%)

Payables 124,999 91,456 124,943 56 0%

Borrowings 3,497 4,569 3,936 (439) (11%)

Provisions 50,381 36,556 50,697 (315) (1%)

Liabilities 53,878 132,581 179,576 (699) 0%

Total liabilities 53,878 132,581 179,576 (699) 0%

Net assets 584,924 1,096,326 1,156,117 (10,171) (1%)

Accumulated surplus/(deficit) 3 188,909 220,409 (86,791) 275,699 (318%)

Reserves 25,649 31,668 31,668 (6,019) (19%)

Contributed capital 3 931,388 844,249 1,211,240 (279,851) (23%)

Equity 1,145,946 1,096,326 1,156,117 (10,171) (1%)

Net worth 1,145,946 1,096,326 1,156,117 (10,171) (1%)

Explanations for major variations between 2013-14 actual and 2013-14 revised budget(1) Variation is due to the timing of receipts and payments

in trust accounts.

(2) Variation is mainly due to lower than budgeted expenditure for the Melbourne Markets Redevelopment Project.

(3) Variation is mainly due to the allocation between accummulated funds and contributed capital as part of the MOG transfer.


04 APPENDICES

(5) Variation mainly relates to decrease in cost of land sales for Kew Residential Redevelopment compared to budget.

(6) Variation mainly relates to lower capital spend for the Melbourne Markets Relocation Project.

(7) Variation mainly relates to the timings of loan repayments between DSDBI, Cenitex and DTF.

NOTES2013-14

ACTUAL

2013-14 PUBLISHED

BUDGET


$’000 $’000 $’000 $’000 %

Receipts from Government 1 712,223 790,277 732,526 (20,302.4) (3%)

Receipts from other entities 2 107,513 69,385 89,949 17,564.51 20%

Goods and Services Tax recovered from the ATO 1,454 – (996) 2,449.20 (246%)

Interest received 6,410 10,107 10,458 (4,047.7) (39%)

Other receipts 3 277,494 188,735 301,704 (24,209.8) (8%)

Total receipts 1,105,095 1,058,503 1,133,641 (28,546) (3%)

Payments of grants and other transfers 4 (449,038) (461,751) (480,946) 31,908 (7%)

Payments to suppliers and employees 5 (565,122) (567,841) (611,510) 46,389 (8%)

Goods and Services Tax paid to the ATO 1,204 – 4 1,200 32485%

Capital asset charge (9,848) (9,848) (9,848) – 0%

Interest and other costs of finance (297) – (9) (288) 3202%

Total payments (1,023,101) (1,039,440) (1,102,309) 79,208 (7%)

Net cash flows from /(used in) operating activities 81,994 19,063 31,332 50,662 162%

Net investment (15,308) (7,752) (6,122) (9,186) 150%

Payments for non-financial assets 6 (50,107) (118,673) (89,651) 39,545 (44%)

Proceeds from sale of non-financial assets 956 – – 956 0%

Net loans to other parties 45 852 852 (807) (95%)

Cash flows from investing activities (64,415) (125,573) (94,922) (117,047) 123%

Net cash flows from /(used in) investing activities (64,415) (125,573) (94,922) (117,047) 123%

Owner contributions by State Government 45,719 345,628 98,475 (52,755) (54%)

Repayment of finance leases (70) – – (70) 0%

Net borrowings 7 11,293 1,474 (14,523) 25,816 (178%)

Cash flows from financing activities 56,942 347,102 83,951 (91,947) (110%)

Net cash flows from /(used in) financing activities 56,942 347,102 83,951 (91,947) (110%)

Net increase (decrease) in cash and cash equivalents 74,522 240,591 20,362 (158,332) (778%)

Cash and cash equivalents at the beginning of the financial year

342,290 134,407 342,290 – 0%

Cash and cash equivalents at the end of the financial year 416,812 374,999 362,652 (158,332) (44%)

Explanations for major variations between 2013-14 actual and 2013-14 revised budget(1) Variation relates to lower revenue drawn down across a

range of programs which will be delivered in 2014-15.

(2) Higher revenue than budgeted for trusts.

(3) Variation relates to decrease in receipts mainly in relation to Kew Residential Services Project.

(4) Variation relates to delays in milestone achievements by grant recipients, finalising grant contracts, and/or consequential delays in commencement of grant programs.

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2014


04 APPENDICES

STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2014

Accumulated

surplus/(deficit)Contributions by

owners

Asset revaluation

reserve Total

$’000 $’000 $’000 $’000

2013-14 (Actual)

Opening balance 1 July 2013 154,665 904,434 30,969 1,090,068

Comprehensive result 34,244 – (5,320) 28,924

Transactions with owners in their capacity as owners – 26,954 – 26,954

Total equity at end of period 188,909 931,388 25,649 1,145,946

2013-14 (Revised)

Opening balance 1 July 2013 (72,291) 1,131,389 30,969 1,090,068

Comprehensive result (14,500) – 698 (13,802)


Total equity at end of period (86,791) 1,211,240 31,668 1,156,117

2013-14 (Published)

Opening balance 1 July 2013 219,485 517,264 31,083 767,832

Comprehensive result 924 – 585 1,509


Total equity at end of period 220,409 844,249 31,668 1,096,326


04 APPENDICES

NOTES2013-14

ACTUAL

2013-14 PUBLISHED

BUDGET


$’000 $’000 $’000 $’000 %

Output appropriations 60,878 64,000 61,535 (657) (1%)

Interest 10,445 9,779 14,339 (3,894) (27%)

Sales of goods and services 2,763 5,000 8,868 (6,105) (69%)

Grants 357 14,339 5,357 (5,000) (93%)

Other income 58,228 52,695 56,130 2,099 4%

Total income from transactions 132,672 145,813 146,229 (13,557) (9%)

Interest expense 40,671 42,000 39,535 1,136 3%

Grants and other transfers 4,982 8,000 8,000 (3,018) (38%)

Payments into consolidated fund 1 89,650 70,557 68,188 21,462 31%

Other operating expenses 2 27,735 – – 27,735 0%

Total expenses from transactions 163,038 120,557 115,723 47,315 41%

Income Less Expenses (30,365) 25,256 30,506 (60,872) (200%)

Total other economic flows 20,733 5,183 (67) 20,800 (31045%)

Total other economic flows – Other non owner changes in equity – (1,438) (1,438) – (100%)

Net result (9,632) 29,002 29,002 (38,634) (133%)

Cash and deposits 467 3,328 6,542 (6,075) (93%)

Receivables 3 343,909 371,872 423,378 (79,468) (19%)

Other financial assets 3,105 – – 3,105

Total Administered assets 347,481 375,200 429,920 (82,438) (19%)

Payables 87,309 86,742 88,316 (1,007) (1%)

Borrowings 460,370 447,103 447,103 13,267 3%

Total Administered liabilities 547,679 533,845 535,419 12,260 2%

Net assets (200,198) (158,645) (105,499) (94,699) 90%

Explanations for major variations between 2013-14 actual and 2013-14 revised budget(1) Variation relates to additional brown coal and mineral

sands royalty revenues paid into the Consolidated Fund than budgeted.

(2) Relates mainly to maintenance payments for the Melbourne Convention Centre and assets given free of charge to local council for management.

(3) Variation refers to better collections of receivables than budgeted.

ADMINISTERED ITEMS STATEMENT FOR THE YEAR ENDED 30 JUNE 2014


04 APPENDICES

APPENDIX 9 WORKFORCE INFORMATION

ONGOING EMPLOYEES

FIXED TERM & CASUAL

EMPLOYEESTOTAL

EMPLOYEES

Full-time (head count)

Part-time (head count)

Total (head count)

Total (FTE)

Total (FTE) Total (FTE)

June 2013 454 54 508 489 25 514

June 2014 772 116 888 850 92 942

Total 2013 Total 2014

ONGOING EMPLOYEES

FIXED TERM & CASUAL EMPLOYEES

ONGOING EMPLOYEES

FIXED TERM & CASUAL EMPLOYEES

Head count FTE FTE Head count FTE FTE Totals (FTE)

Gender

Male 221 221 10 415 412 47 459

Female 287 267 16 473 438 45 483

Age

Under 25 5 5 0 9 9 1 10

25-34 85 82 13 131 124 33 157

35-44 149 135 5 288 263 33 296

45-54 152 151 3 253 250 15 265

55-64 105 104 3 181 179 9 188

Over 64 12 12 1 26 25 1 26

Classification

VPS1 1 1 0 2 2 0 2

VPS2 13 12 1 18 17 0 17

VPS3 76 71 0 115 108 6 114

VPS4 85 83 9 156 148 18 166

VPS5 127 120 9 250 235 32 267

VPS6 160 156 5 250 244 23 267

VPS7 10 10 0 18 18 1 19

Executives 28 28 1 53 53 0 53

Principal scientist 5 5 0 10 10 7 17

Science 9 8 4 12

Legal officers 1 1 0 4 4 1 5

Ministerial driver 2 2 0 3 3 0 3

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 staff employed by employment agencies and statutory appointees.

iv Employee numbers for Tourism Victoria are published in its annual report and are not included in the department’s annual report.

v For reference, the total FTE for Tourism Victoria is:

June 2013 – 69 FTE

June 2014 – 61 FTE.


04 APPENDICES

PROFILE OF EXECUTIVE OFFICER (EO) EMPLOYEES AS AT 30 JUNE 2014

Table 1: Number of EOs classified into ‘ongoing’ and ‘special projects’

Classification All OngoingSpecial

projects

No.Variation from previous year No.

Variation from previous year No.

Variation from previous year

Secretary 1 0 1 0 0 0

EO-1 3 2 3 2 0 0

EO-2 21 6 21 7 0 -1

EO-3 47 19 47 19 0 0

Total (a) 72(b) 27 72 28 0 -1

Notes

(a) The department’s executive envelope at 30 June 2014 is 77. Five Tourism Victoria EO positions are reported separately in the Tourism Victoria annual report.

(b) Includes 19 vacancies at 30 June 2014.

Table 2: Breakdown of EOs by gender for ‘ongoing’ and ‘special projects’

Classification Ongoing Special projects

Male

Variation from

previous year Female

Variation from

previous year

Current vacancies

Variation from

previous year Male

Variation from

previous year Female

Variation from

previous year

Current vacancies

Variation from

previous year

Secretary 1 0 0 0 0 0 0 0 0 0 0 0

EO-1 3 2 0 0 0 0 0 0 0 0 0 0

EO-2 13 5 8 5 0 -3 0 0 0 0 0 -1

EO-3 18 7 10 5 19 7 0 0 0 0 0 0

Total (a) 35 14 18 10 19 4 0 0 0 0 0 -1

Notes

(a) Excludes five Tourism Victoria EO positions.


04 APPENDICES

Table 3A: Reconciliation with executive numbers in Note 32 of the Financial Report

2013 2014

Executives with total remuneration over $100,000 30 49 Total executives reported in Note 32 of Financial Report at 30 June 2013 38

Executives employed with total remuneration below $100,000 (a) 8 17 Add

Total reported in Note 32 of the Financial Report 38 66 Commenced during 2013-14 13

Add

Appointed to executive role from Victorian Public Sector (VPS) during 2013-14 3

MOG arrivals during 2013-14 21

Vacant roles 16 19 Less

Accountable officers 1 1 Separations during 2012-13 8

Less

Right of Return to VPS during 2012-13 1

MOG transfers out during 2012-13 0

Separations/Leave without pay 10 14 Leave without pay commenced during 2012-13 0

Total executive numbers as at 30 June (b) 45 72 Total executives reported in Note 32 of Financial Report at 30 June 2014 66

Notes

(a) This reflects executives commencing or ceasing employment part-way through the year.

(b) Excludes five Tourism Victoria EO positions.

Table 4: Departmental portfolio executives 30 June 2014

2013 2014 Variation from previous year

Organisation Name Female Male Total Female Male Total Female Male Total

Australian Grand Prix Corporation 1 5 6 1 4 5 0 -1 -1

Docklands Studios Melbourne 0 1 1 0 1 1 0 0 0

Emerald Tourist Railway Board 0 2 2 0 2 2 0 0 0

Energy Safe Victoria 2 7 9 3 6 9 1 -1 0

Federation Square Pty Ltd 2 2 4 1 3 4 -1 1 0

Film Victoria 1 1 2 1 2 3 0 1 1

Melbourne Convention and Exhibition Trust 5 3 8 5 4 9 0 1 1

Melbourne Market Authority 1 2 3 1 3 4 0 1 1

Victorian Major Events Company Ltd 1 2 3 1 2 3 0 0 0

Totals 13 25 38 13 27 40 0 2 2

Notes

(a) Information provided by Victorian Public Sector Commission.

(b) All figures reflect employment levels during the last pay period in June each year.

(c) Excluded are those on leave without pay or absent on secondment, external contractors/consultants and temporary staff employed by employment agencies.

Table 3B: Note 32 of Financial Report – movement from 2013-14


04 APPENDICES

APPENDIX 10 HUMAN RESOURCE MANAGEMENT

OCCUPATIONAL HEALTH AND SAFETY

Lag indicators 2011-12 2012-13 2013-14

INCIDENTS AND HAZARDS

Number 22 20 35

Rate per 100 FTE 3.2 3.4 3.5

Number of standard claims 5 2 0

Rate of standard claims per 100 FTE 0.72 0.34 0.0

Number of lost time claims 4 1 3

Rate of lost time claims per 100 FTE 0.58 0.17 0.3

CLAIMS

Number of claims exceeding 13 weeks 1 0 0

Rate of lost time claims per 100 FTE 0.14 0 0

FATALITIES

Fatalities claims Nil Nil Nil

CLAIM COSTS

Average cost per standard claim $23,808 $7,093 $0

PREMIUM RATE

Department’s Premium Rate 0.5159 0.2715 0.2525

RETURN TO WORK

Percentage of claims with a return to work plan < 30 days 100% 100% 100%

Lead indicators of OH&S Management 2013-14

MANAGEMENT COMMITMENT

Evidence of OH&S Policy statement Policy statement displayed on the department’s intranet

OH&S objectives Objectives identified in the OH&S Strategy 2012-14 are being progressively implemented through annual actions plan

Regular reporting to Senior Management Minutes of quarterly OH&S Committee meetings tabled at SMM and published on the department’s intranet

Evidence of OH&S criteria in purchasing guidelines (including goods, services and personnel)

Standard contract agreements require contractors to observe all applicable industrial laws and awards in delivering services to the department

CONSULTATION

Evidence of agreed structure of Designated Work Groups (DWGs), Health and Safety Representatives (HSRs) and Issue Resolution Procedures

Representative DWGs established and revised as a result of MOG changes. HSRs elected for DWGs. OH&S Committee, chaired by Deputy Secretary Corporate, Planning and Compliance Services, meets quarterly. All HSRs are members of the Committee

Compliance with agreed structure on DWGs, HSRs and Issue Resolution Policies (IRPs)

The IRP and procedures are displayed on notice boards and are accessible via the department’s intranet


04 APPENDICES

The department continues to support goals by providing managers and employees with appropriate OH&S information, effective systems to prevent injury, and proactive holistic strategies that focus on health and wellbeing. Accordingly, the department has undertaken a range of initiatives over the past 12 months, including:

> the completion of ‘Wellbeing and Work’, the department’s OH&S Strategy 2012-14

> 680 employees trained through the Building Professional Workplaces in the department’s program to complement and build on the Professional Workplace Framework

> restructure of DWGs to account for MOG changes

> implementation of mandatory OH&S managers training for current and new people managers

> improved instructions for emergency wardens and further development of the Personal Emergency Evacuation Plan process for mobility-impaired employees

Lead indicators of OH&S Management cont. 2013-14

RISK MANAGEMENT

Internal audits/inspections Biannual workplace inspection program in place. A total of 58 inspections have been conducted at departmental sites across Victoria

Identified issues actioned arising from internal audits Improvements were made to chemical storage, labelling and registering of chemicals. It was identified that the chemical register requires a full review, adapted for new work locations. Eight workplaces were identified where fire extinguishers had not been tested

HSR provisional improvement notices No notices issued

WorkSafe notices No notices issued

TRAINING

Induction Online OH&S training module is mandated for all new employees and contractors. Completion rates are now reported to the OH&S Committee and in corporate reporting

People managers An online managers’ training program, tailored to the department’s OH&S management system and risks is mandatory for all people managers. Completion rates are reported to the OH&S Committee

Contractors, temps and visitors Workplace OH&S induction checklist for managers included in On-boarding and Induction Guide. Checklist regularly reviewed and updated

HSR initial five-day training 20 new HSRs trained during 2013-14. 92 per cent of all HSRs have undertaken the five-day training.

HSR refresher training 27 HSRs attended refresher training in 2013-14

The department’s goal is to foster a health and safety culture and environment that will protect its people from workplace illness and injuries.

OH&S strategic objectives are:

> proactive initiatives to build a culture of health, safety and wellbeing

> integrating corporate health and OH&S programs

> increased education and information to ensure all managers and employees are supported to effectively manage their OH&S responsibilities

> early intervention and an increased focus on effectively managing workplace injuries.

The department recognises that achieving these objectives requires the commitment of everyone – leaders, people managers and employees. The department will continue to reinforce health and safety accountability at all levels to embed health and safety as part of the way DSDBI does business. Building this culture requires effective and meaningful consultation with employees on OH&S issues, enabling everyone to contribute to decisions that may affect their health, safety and wellbeing at work.


04 APPENDICES

Information in relation to public sector conduct and the VPS employment principles is promoted via policies on the intranet and through expert advice provided by Human Resources.

Organisational values

The department has embraced the values - accountability, respect, responsiveness, integrity, impartiality and leadership - which are outlined in the Public Administration Act 2004, to guide employee behaviour and promote a productive and inclusive culture.

The values are progressively being embedded into a range of human resource activities, including:

> performance management systems (both executive and non-executive)

> position descriptions for job advertisements

> relevant learning and development programs.

The department recognises that living these values will help to create a high-performance workplace that is characterised by positive relationships and respect for others.

SELECTION ON MERIT/EXEMPTIONS FROM ADVERTISEMENT

Recruitment and selection processes uphold merit and equity and are fully operational within the department. Policies, guidelines and associated documentation enshrining merit and equity continue to be promoted through training, marketing material and expert advice provided by Human Resources.

The authority to exempt vacancies from advertisement rests with the Secretary and/or authorised delegates in prescribed circumstances.

DISPUTE SETTLEMENT

The department’s dispute settlement process provides for disputes arising from a number of areas, including actions arising from section 64 of the Public Administration Act 2004. The department’s procedures provide for early intervention and informal resolution processes to be utilised wherever possible. There were no formal disputes accepted and settled through formal processes in 2013-14.

> ongoing provision of a holistic Health and Wellbeing Program, which includes regular seminars, education, an online program and telephone health coaching services

> 369 employees and 28 executives underwent a comprehensive preventative health assessment

> 60 per cent of employees had an annual flu vaccination

> quarterly meetings of the department’s OH&S Committee to discuss and review health and safety risks, consider policy issues and develop proactive OH&S strategies; committee activities are further supported by a detailed OH&S planning calendar

> successful management of three Return to Work Plans.

The department has maintained its strong record in providing a safe and healthy work environment, as demonstrated by an improved WorkCover performance.

PUBLIC ADMINISTRATION VALUES AND EMPLOYMENT PRINCIPLES

Driving public sector values

The department is committed to driving an organisational culture that attracts, develops, motivates and retains a diverse team of talented, high-performing employees.

The Code of Conduct is reinforced to new employees of the department by an online learning module and through the department’s On-boarding and Induction Guide. The online module explores ethical issues, and promotes understanding and awareness of the rights, responsibilities and behaviours expected of VPS employees. Completion of this module is a pre-requisite for confirmation of appointment following a probationary period.

Agency personnel engaged through the seven VPS-approved Master Vendors are advised, prior to commencing employment with the department, that they are expected to abide by the Code of Conduct and the department’s values.

There is a discrete site on the department intranet to inform contractors and consultants engaged by the department of their obligation to comply with the Code of Conduct, the department’s values and relevant policies and procedures.


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DIVERSITY

The department is committed to employing people with a diverse range of backgrounds and perspectives, and recognises the invaluable contribution that these differences make to the department.

Over the last year, the department’s Diversity Program has developed, coordinated and promoted a broad range of initiatives aimed at increasing engagement with diverse employee populations, including Aboriginal and Torres Strait Islanders, culturally and linguistically diverse employees, and people with a disability.

WOMEN’S AFFAIRS

The department’s internal Women’s Network Forums promote the continued development of female employees. The forums provide opportunities to hear from female leaders about their experiences as well as opportunities for discussion and networking with colleagues across the department.

Guest speakers in in 2013-14 included Sandra Denis, Deputy Secretary, Energy and Earth Resources and Janet Dore, CEO of the Transport Accident Commission.

INDIGENOUS COMMUNITIES

The department’s updated Aboriginal Employment Plan 2014-15 was launched in March 2014. The plan continues to align with Karreeta Yirramboi, the Victorian Aboriginal Public Sector Employment and Career Development Action Plan, and includes four areas for action:

> employment pathways and programs at the department

> attraction, recruitment and selection processes

> supportive and inclusive working environments

> opportunities for career development.

Additional highlights in 2013-14 included:

> the launch of the department’s Aboriginal Inclusion Action Plan in March 2014

> celebration of NAIDOC Week though a combined event with the Department of Transport Planning and Local Infrastructure, and Department of Justice

> recruitment undertaken for the 2015 graduate cohort through the Aboriginal Pathways to the VPS Graduate Recruitment and Development Scheme

> all employees invited to express their interest in Indigenous Cultural Awareness Training with opportunities commencing in 2014-15.

YOUTH EMPLOYMENT SCHEME

The department has participated in YES – formerly known as the Victoria works for Young People Program – since its inception, and remains committed to meeting youth employment goals and targets each year.

In 2013-14, the department accepted 20 traineeship placements across its offices. The majority of YES trainees are in the administrative, information technology and clerical categories, with trainees undertaking diverse roles that provide valuable on-the-job training.

The department will continue to actively participate in the scheme to help build trainees’ skills and provide employment opportunities for young people.

CULTURALLY AND LINGUISTICALLY DIVERSE COMMUNITIES

The department’s Cultural Diversity Plan reflects its commitment to harnessing the economic benefits of diversity by ensuring:

> the department’s programs and services pay due regard to cultural diversity in terms of awareness, access and utilisation

> cultural diversity is recognised and promoted in current and future programs as an asset that encourages growth and development

> the department’s internal processes, systems and practices reflect a best-practice approach to cultural diversity.

The department provides a full report on its initiatives and achievements in multicultural affairs annually to the Victorian Multicultural Commission as required by the Multicultural Victoria Act 2011.


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SUPERANNUATION SCHEME

Department employees who commenced before 1994 are members of defined benefits schemes such as the Revised, New or Transport schemes. These schemes are administered by the Government Superannuation Office, now an operating division of Emergency Services and State Superannuation. Since 1994, all new employees are able to nominate to have their employer contributions made to any complying accumulation fund of their choice, including VicSuper.

COMPLIANCE WITH THE CARERS RECOGNITION ACT 2012

The Carers Recognition Act 2012 requires that all State Government Departments responsible for developing or providing policies, programs or services that affect people in care relationships report on how they met their obligations under the Act in their annual report (s.12).

During 2013-14, the department has continued to promote workplace flexibility for all employees, including those in care relationships. Further work will be undertaken during the 2014-15 financial year to make additional resources available to employees and their managers.

APPENDIX 11 HUMAN RIGHTS AND RESPONSIBILITIES CHARTER

The Charter of Human Rights and Responsibilities Act 2006 (the Charter) applies to all public authorities, including government departments and agencies.

The Charter reinforces the protection of fundamental human rights and ensures that human rights are taken into account by the Government when it makes administrative decisions.

The department has a process for the assessment of new legislation and policies for their compatibility with the Charter.

Staff in the department participate in human rights training upon induction, and ongoing education about human rights is encouraged and promoted.

GRADUATE RECRUITMENT AND DEVELOPMENT SCHEME

The Victorian Public Service Graduate Recruitment and Development Scheme (GRADS) provides the department with a valuable source of high-potential candidates with a variety of academic qualifications and experience.

The department recruited five graduates for the 2013 program and gained an additional three graduates due to MOG changes.

Following successful completion of the 12-month program in January 2014, seven graduates returned to the department and were appointed to VPS Grade 3 positions.

The department has recruited seven graduates as part of the 2014 intake and will host a further 14 graduates on rotation during the course of the 2014 program.

MENTORING PROGRAM

Mentoring is often cited by corporate and government leaders as a key factor in successful workforce capability development. The department has implemented a Mentoring Program to build and to achieve personal, professional and organisational goals. This program has been running since 2002-03 and, in 2013-14, attracted 64 participants (32 mentees and their mentors) representing about 6 per cent of the workforce.

The focus of the 2013-14 Mentoring Program was to inspire VPS mentees to strive for higher levels of performance through the development of an ongoing relationship with a senior leader, an EO who can support the mentee to realise their professional goals and career opportunities.

LEARNING AND DEVELOPMENT

During the 2013-14 financial year, 389 participants attended 54 departmental and interdepartmental learning and development workshops.


04 APPENDICES

Key deliverables

Contribution to increased investment outcomes for Victoria

The VGBOs:

> converted a number of investment leads, including Mimecast, an ICT company that provides products and services to the professional services and government sectors, with the establishment of its Asia Pacific Headquarters in Melbourne, creating 25 jobs

> delivered a visit to the UK for Virgin Australia Melbourne Fashion Festival, with a number of opportunities generated (November 2013)

> delivered a visit to the UK by Mercer to support the promotion of the Melbourne Mercer Global Pension Index. The office arranged meetings for Mercer with international asset management firms and hosted a roundtable to discuss post retirement solutions and highlight Melbourne’s asset management leadership with financial services industry stakeholders (October 2013)

> delivered industry briefings on Victoria’s capabilities to stakeholders related to food and agribusiness, ICT, mining and retail across the UK and Europe

> conducted more than 200 meetings with companies on investing in Victoria.

Contribution to increased export outcomes for Victoria

The VGBOs:

> supported 82 Victorian companies that participated in trade programs to the UK and Europe, with anticipated export sales of $129 million in the 24 months following the activity

> identified export leads for Victorian businesses and delivered export facilitation programs

> developed a trade manual for Victorian companies entering the UK market

> worked with a number of intermediaries in the UK to create export opportunities for Victorian companies.

The VGBO overseas network comprises 17 representative offices in strategic locations. In 2013-14, a new office was established in Jakarta, Indonesia, and the Government announced it will open an office in Seoul, South Korea. Seven Commissioners and an Agent-General manage the 17 offices. The functions of the Agent-General and Commissioners are administered under the Agent-General and Commissioners for Victoria Act 2007.

The international VGBOs work in partnership with the department to facilitate foreign direct investment, develop exports and deliver WoVG activities. The offices play an essential role in raising the profile of Victoria and Victorian businesses internationally, including managing the state’s relationships with important international partners.

In the financial year 2013-14, the international VGBO network assisted in facilitating approximately $370 million of capital investment into the state, with investment projects supported by the VGBOs expected to generate over 2,370 new jobs in Victoria. The offices supported 2,150 Victorian companies in international markets, largely through the department’s Trade Mission Program. Overall, Victorian companies participating in international trade programs anticipated export sales of $1.867 billion in the 24 months following the activity.

Note: These figures are projected additional export sales as reported by companies participating in trade programs.

AGENT-GENERAL FOR VICTORIA – UK AND EUROPE

The Agent-General in London represents Victoria in the UK, Europe and Israel. The Agent-General and VGBOs in London and Frankfurt delivered a range of activities and initiatives in 2013-14.

Significant achievements

> Assisted in attracting $126 million worth of investment into the state, creating 539 jobs

> Assisted retailer H&M, which opened its Australian flagship store in Melbourne, creating up to 200 jobs

> Established the Significant Investor Visa Program in-market to assist investor candidates and promote Victoria’s wider investment opportunities.

APPENDIX 12 INTERNATIONAL VICTORIAN GOVERNMENT BUSINESS OFFICES


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Promotion of Victoria and its industry capabilities

The VGBOs:

> promoted Victoria’s cultural, sporting and other major events in-market

> developed a program to encourage high net worth individuals to consider Victoria as a migration destination through the Significant Investor Visa Program

> hosted Victoria Week in London, including the following events: VIP Royal Academy ‘Australia’ Exhibition (September to December 2013), Melbourne Cup Networking Event (November 2013), and the New Silk Road Forum: Opportunities for Mining and Mining Services Providers (November 2013)

> hosted three significant investment migration events across the UK and participated in a further 21 externally hosted migration expos promoting opportunities in Victoria

> presented at Mobile World Congress Barcelona (February 2014) and worked with the University of Melbourne, Monash University, Swinburne University of Technology and RMIT University to promote Victorian education and research capabilities

> provided in-market support (Frankfurt) for Victoria’s third Low Rank Coal Symposium (April 2014)

> presented at RED Money Conference in Luxembourg on Victoria’s agribusiness investment opportunities (June 2014).

Strengthening international relationships

The VGBOs:

> worked with the Australian Business in Europe (ABiE) groups in London, Frankfurt and Paris to support efforts to attract investment into Victoria

> strengthened Victoria’s relationship with the UK Trade and Investment Office (UKTI) London head office, as well as regional offices in Cambridge and Bristol, by assisting with business delegations to Australia

> supported two Australian Ambassador Dinner events in Berlin and Frankfurt with the Australian Embassy Germany, ABiE and Austrade, focused on business capability promotion

> delivered Victoria Week 2013, focused on Victoria’s central position in Australia’s mining industry

> through the New Silk Road Forum, the VGBO widened its engagement through presentations by Ambassadors for Kazakhstan, Uzbekistan and Mongolia to an audience of 150, focusing on Melbourne’s contribution to financial services, R&D, education and professional services supporting the mining industry

> delivered over 320 per cent growth in the Victorian Connection UK LinkedIn Group, utilising it as a business engagement forum

> hosted five Victorian Connection UK networking events, including a targeted industry roundtable with Victorian Connection financial services representatives

> worked with UKTI, Tech UK and the Australia French Chamber of Commerce to include Melbourne in its Australia-bound missions.

Delivery of a WoVG approach

The VGBOs:

> supported a visit to the UK and Poland by the Hon. Nicholas Kotsiras MP, Minister for Energy and Earth Resources, Minister for Multicultural Affairs and Citizenship (September 2013)

> coordinated a visit to continental Europe by the Hon. Matthew Guy MP, Minister for Planning (September 2013)

> coordinated a visit to continental Europe by the Hon. David Hodgett MP, Minister for Manufacturing, Minister for Ports and Minister for Major Projects (May 2014)

> supported a visit to the UK by the Victorian Small Business Commissioner (November 2013)

> facilitated the Joint Parliamentary Economic Development and Infrastructure Committee visit to the UK (July 2013)

> supported a briefing on Victoria’s economy and investment proposition by the Treasury Corporation of Victoria to key stakeholders in London.


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> Tintri – the ICT company will establish its Australian headquarters in Melbourne, creating 30 new jobs

> Microsoft – will establish a R&D centre at the University of Melbourne, creating 28 new jobs and $1 million in investment

> Brooks Brothers – retail expansion into Melbourne, creating 20 new jobs

> nSynergy – Microsoft SharePoint expansion, creating 120 jobs

> Williams–Sonoma Inc. – retail expansion into Melbourne, creating 30 new jobs

> United Airlines – will introduce direct flights six days per week from Los Angeles to Melbourne.


The VGBOs:

> coordinated a delegation of 18 organisations and companies participating in the Medical Device Trade Mission to San Diego, Boston and Washington DC (September 2013)

> coordinated a delegation of 22 Victorian mining companies participating in ExpoMin 2014, Santiago, Chile (April 2014)

> supported a delegation of 36 Victorian bio medical companies attending BIO2014 in San Diego, California (June 2014)

> partnered with Austrade on a pilot program that introduced 19 Victorian companies to Amazon.com for potential international promotion and distribution of their products through the Amazon online platform

> partnered with the Australian Automotive Aftermarket Association to support eight Victorian companies participating in the Performance Racing Industry Trade Show in Indianapolis (December 2013)

> supported a delegation of 13 Victorian companies participating in the Defence and Aerospace Trade Mission to Washington DC and Michigan (May 2014)

> supported 21 Victorian companies participating at the Games Developers Conference in San Francisco (March 2014)

Cooperation with the Federal Government

The VGBOs:

> collaborated with Austrade to present investment seminars for the food and agribusiness sector in the Netherlands

> worked closely with the Federal Government Department of Defence, the Defence Materiel Organisation and Australian Defence Attachés to promote Victorian capabilities and opportunities.

COMMISSIONER FOR VICTORIA – AMERICAS

The Commissioner in San Francisco represents Victoria in the Americas. The Commissioner and the VGBOs in San Francisco, New York, Washington and Chicago delivered a range of activities and initiatives in 2013-14.


> Delivered and supported 20 significant investment projects from the USA into Victoria creating over 840 new jobs across manufacturing, retail, defence, food and beverage, energy and ICT

> Supported 431 Victorian companies participating in export and trade programs in North and South America. Participating companies reported anticipated export sales of over $453 million over the 24 months following the trade activity.

Key deliverables


The VGBOs assisted in the facilitation of the following investments into Victoria:

> Equinix – $59 million investment in a premium data centre in Victoria, creating 20 new jobs

> High Tail – the Silicon Valley tech company established its Asia Pacific headquarters in Melbourne, creating 20 new jobs

> Eventbrite – the tech company will establish its Asia Pacific headquarters in Melbourne, creating 30 new jobs

> Exelis – the aerospace and defence company will establish its Asia Pacific headquarters in Melbourne, creating 68 new jobs


04 APPENDICES

> supported eight Victorian defence companies participating at the Association of US Army Trade Conference, in partnership with the Defence Materiel Organisation and Team Defence Australia, Washington DC (October 2013)

> supported three Victorian defence companies participating at Modern Day Marine, Virginia (September 2013)

> partnered with ANZA Technology and Pyksis to support small Victorian companies in the Global Acceleration Program.


The VGBOs:

> supported AIDS 2014, delivering a major event in San Francisco with the AIDS 2014 Chairperson promoting Melbourne as a destination for the AIDS 2014 Conference to leading USA HIV and medical researchers (March 2014)

> promoted Victoria’s capabilities in life sciences through presentations at the Boston-based Massachusetts Life Sciences Centre, International Collaborative Industry Program (April 2014)

> supported high-level engagement with the Government of San Luis, Argentina, to design and implement a new vocational training system based on the Victorian model (June 2014)

> collaborated with the Federal Government to host an aerospace and defence networking reception at the Embassy of Australia, Washington DC. This was supported by the Department of Foreign Affairs and Trade, Austrade and the Defence Materiel Organisation to promote the strengths of the sector in Victoria (May 2014)

> facilitated and supported Victorian IT companies utilising incubator facilities and services in Silicon Valley Plug and Play Tech Centre for Start Ups.


The VGBOs:

> partnered with the Australian Embassy Chile and Government of Chile to deliver an inbound program for a delegation of Chilean irrigators and officials to investigate irrigation modernisation, infrastructure and water management programs in Victoria (June 2014)

> partnered with Austrade Mexico to deliver an inbound program for a delegation from the Mexican National Water Commission, CONAGUA, to investigate irrigation modernisation, infrastructure and water management programs in Victoria (May 2014)

> supported leading Canadian industry figures to attend the Australia–Canada Economic Leadership Forum in Melbourne (February 2014)

> supported the Government of Mexico’s Economic Development Agency, ProMexico, to establish its first Australian trade and investment office in Melbourne (June 2014)

> supported USA defence trade delegations to attend the Pacific Defence 2013 MaritimeExpo, Australia (October 2013)

> supported leading USA Silicon Valley technology companies to participate in Connect Expo 2014 Conference in Melbourne (March 2014).


The VGBOs supported a number of visits to the Americas, including:

> the Governor of Victoria His Excellency the Hon. Alex Chernov AC QC, who led the Victorian delegation to BIO 2014, San Diego (June 2014)

> the Hon. David Hodgett, Minister for Ports, Minister for Major Projects and Minister for Manufacturing, who led a Defence Industry Trade Mission to Washington DC, Texas and Detroit (May 2014)

> the Hon. Heidi Victoria, Minister for the Arts, to San Francisco (April 2014)

> the Hon. Michael O’Brien, Treasurer, to the USA and Canada (October 2013)

> the Secretary, Victorian Department of Human Services, to New York (October 2013)


04 APPENDICES

> Secured the pre-Asia Cup 2015 training camps of the Bahraini and Jordanian football teams (in Ballarat and Mulgrave, respectively) following a targeted program of activities to attract these teams to base their camps in Victoria rather than other states. This will provide an economic boost to these local areas and will help promote Victoria’s major event capabilities.

Key deliverables


The VGBO promoted Victoria as an investment destination at:

> the UAE Global Investment Forum in Dubai (October 2013)

> the Global Islamic Economy Forum (November 2013)

> Austrade ‘Australia Unlimited’ Investment Forums in Dubai, Abu Dhabi, Riyadh, Muscat, Casablanca and Kuwait (April 2014)

> the Dubai Annual Investment Conference (April 2014)

> the Arabian Hotel Investment Conference in Dubai (May 2014)

> the Euromoney Asia Investment Conference, Istanbul (June 2014).


The VGBO:

> delivered the ‘Victoria Week 2013’ promotional program and trade mission including networking events, business meetings, forums and media coverage (September 2013). The 22 companies that participated reported anticipated export sales of more than $16 million in the 24 month period following the mission

> attended Salon International de l’alimentation (SIAL) food trade exhibition 2013, Abu Dhabi (November 2013)

> attended Australia Unlimited forums and seminars in Dubai, Saudi Arabia, Kuwait, Morocco and Oman

> the Commissioner, Victorian Fire Services, to California (April 2014)

> a Parliamentary Environment and Natural Resources Committee visit to the USA and Canada (August 2013).


The VGBOs:

> collaborated with Austrade to promote the strengths of Victoria and Australia in a presentation to the Madison Wisconsin International Trade Association (June 2014)

> collaborated with the Defence Materiel Organisation in presenting Victoria’s defence capabilities at the annual Foreign Comparative Technology Conference, Office of the USA Secretary of Defence (April 2014)

> collaborated with Federal Government representatives in Argentina to support a new vocational training system based on the Victorian model in San Luis (June 2014)

> collaborated with Austrade and the Defence Materiel Organisation in North and South America to facilitate a number of investment, trade and defence industry opportunities for Victoria.

COMMISSIONER FOR VICTORIA – MIDDLE EAST, AFRICA AND TURKEY

The Commissioner in Dubai represents Victoria in the Middle East, Africa and Turkey. The Commissioner and the VGBO in Dubai delivered a range of activities and initiatives in 2013-14.


> Supported more than 110 Victorian businesses that participated in the STM to Saudi Arabia, the United Arab Emirates (UAE), Oman and Turkey in February 2014. Companies that participated reported more than $305 million in anticipated exports in the 24 months following the mission

> Supported 418 companies in total through export programs and missions. Companies participating in export programs reported anticipated export sales of over $330 million in the 24 months following the activity


04 APPENDICES


The VGBO:

> contributed to the implementation of the Victorian Government’s Victoria – Gulf States Engagement Strategy 2013

> supported Australian Business Groups in Dubai, Abu Dhabi, Riyadh and Muscat

> exhibited at the Soccerex Jordan Forum promoting training camps in Victoria prior to the Asian Cup 2015 (May 2014).


The VGBO:

> supported the Australia Day events held by the Australian Embassies in Abu Dhabi and Riyadh

> collaborated with Austrade on education exhibitions in Istanbul, Riyadh, Muscat, Lagos and Accra.

COMMISSIONER FOR VICTORIA – INDONESIA

The Commissioner in Jakarta represents Victoria in Indonesia. The Commissioner and the VGBO in Jakarta delivered a range of activities and initiatives in 2013-14.


> Commenced activities in January 2014, following the appointment of the Commissioner

> Recruited key VGBO staff

> Supported 35 companies and organisations from across the two key industries of sustainable urban development and agribusiness / food participating in the Victorian Government’s STM to South-East Asia in June 2014.

Key deliverables


The VGBO:

> organised a ‘Put Victoria on Your Table’ gala event for more than 100 key food buyers as part of the STM to South-East Asia 2014

> provided assistance to Victorian exhibitors at the Food & Hotel Asia 2014 Trade Fair (April 2014).

> facilitated an inbound mission to Melbourne for education representatives from Saudi Arabia (June 2014).


The VGBO:

> promoted Victoria’s automotive aftermarket capabilities and supported Victorian companies at Automechanika Middle East. The VGBO also hosted a business networking reception with local buyers (June 2014)

> promoted Victoria’s education capabilities at:

> A2 Education Fairs in Kazakhstan (March 2014), Istanbul (November 2013 and February 2014), Rabat and Casablanca (April 2014)

> GHEDEX Education Exhibition in Oman (April 2014)

> International Exhibition and Conference on Higher Education in Saudi Arabia (April 2014)

> an education exhibition in Accra, Ghana (May 2014)

> QS Middle East and North Africa Professional Leaders in Education Conference and Exhibition (May 2014).


The VGBO:

> supported the visit to the Middle East and Turkey by the Hon. Louise Asher MP, Minister for Innovation, Minister for Tourism and Major Events, Minister for Employment and Trade, who led the STM to the market (February to March 2013). Arranged meetings with senior government officials and business leaders in the Middle East and Turkey

> conducted Commissioner level meetings with government officials and business leaders in the UAE, Saudi Arabia, Qatar, Oman, Kuwait, Morocco and Turkey

> conducted meetings with the St Petersburg Government and other potential business partners in Russia during the 25th anniversary of the sister-city relationship between Melbourne and St Petersburg.


04 APPENDICES


The VGBO:

> supported the Austrade Indonesia Culinary Trails Program, featuring a four-week Victorian food and beverage retail promotion and two independent industry events promoting Victorian beef and lamb.

COMMISSIONER FOR VICTORIA – CHINA

The Commissioner in Shanghai represents Victoria in Greater China. The Commissioner and the VGBOs in Beijing Chengdu, Hong Kong, Nanjing and Shanghai delivered a range of activities and initiatives in 2013-14.


> Supported more than 270 Victorian organisations and more than 410 delegates participating in the STM to China in October 2013. About 38 per cent of trade mission participants were new to the Chinese market and 30 per cent (prior to the trade mission) had not previously exported

> Conducted major showcase events in the cities of Tianjin and Shanghai as part of the mission, promoting Victoria’s food, beverage, services and education exports as well as inbound investment

> Companies that participated in the mission reported anticipated export sales of $390 million in the 24 months following the mission.

Key events culminating during the STM

> the Premier of Victoria the Hon. Dr Denis Napthine MP hosted a Food and Agriculture Investment Roundtable meeting in Shanghai with 60 participants including some of China’s largest food and agricultural companies

> the Hon. Peter Walsh MP, Minister for Agriculture hosted several key events and meetings in Tianjin, Beijing and Shanghai focusing on agribusiness investment and market access for Victorian exporters

> the Hon. Louise Asher MP, Minister for Innovation, Minister for Tourism and Major Events and Minister for Employment and Trade, officially opened the VGBO in Chengdu City


The VGBO:

> supported a visit to Victoria by a delegation of Indonesian Pension Fund Association members to learn about the Australian superannuation system (April 2014)

> facilitated a visit to Victoria by senior Indonesian Government officials to explore Victoria’s experience of Public Private Partnerships mechanisms for infrastructure delivery (May 2014)

> facilitated a visit to Victoria by a delegation of eight Yogyakarta Government officials to explore trade collaboration opportunities in the fields of education, ICT, arts and tourism (June 2014)

> assisted with a visit to Victoria by a delegation of Indonesian businesses and KADIN (Kamar Dagang dan Industri), the official business representative association of Indonesia (June 2014)

> supported a visit to Victoria by 10 Indonesian automotive industry representatives to explore opportunities for collaboration with Victorian automotive parts manufacturers (May 2014)

> established a relationship with the Victoria chapter of the Australian Indonesian Business Council to help explore investment and trade opportunities.


The VGBO:

> supported the visit by the Hon. Peter Walsh MP, Minister for Agriculture and Food Security as part of the STM to South-East Asia (June 2014)

> supported the expansion of the Hamer Scholarships Program to Indonesia – assisted with establishing Victoria’s relationships with partner organisations in Indonesia

> supported the implementation of the Victorian Government’s South East Asia Market Engagement Plan (2013).


04 APPENDICES

> facilitated an inbound delegation of Chinese buyers to the International Food and Beverage Trade Week in Melbourne (March 2014)

> assisted a visit to Guangzhou by the Central Victorian Exporters Network (September 2013)

> coordinated a function for senior representatives of the China Commercial Aircraft Company (COMAC), in support of the research collaboration and export activities between COMAC and Advanced Composite Structures Australia.


The VGBOs promoted the Significant Investor Visa Program which has contributed to a significant increase in interest in Victoria as a migration destination:

> participated in more than 150 events across China promoting Victoria as the right destination for potential private investors

> provided information to more than 5,500 potential migrants and intermediaries at these events.

The VGBOs participated in the following education events under the Study Melbourne brand:

> Study Melbourne agents briefing in Hong Kong (August 2013)

> Victorian Government Education Agents Briefing in Taipei (October 2013)

> Study Melbourne Seminar in Taipei (October 2013)

> China International Education Exhibition Tour 2014 in Beijing, Shanghai, Wuhan and Guangzhou (throughout March 2014).

The VGBOs supported and promoted Victoria’s trade interests at the following events:

> Children, Baby and Maternity Exhibition, Shanghai (July 2013)

> Hong Kong International Baby Products Expo (August 2013)

> Asia Fruit Logistica, Hong Kong (September 2013)

> Angliss Discovery 2013 Trade Show (October 2013)

> the Premier hosted a networking dinner for more than 700 guests in Shanghai

> the Premier and the Hon. David Hodgett MP, Minister for Ports, Minister for Major Projects and Minister for Manufacturing, held discussions with Chinese officials on critical port infrastructure development including a visit to Yangshan Port

> Minister Hodgett represented the Victorian Government at the opening of Bluescope Steel’s world-class energy efficient production facility in Xi’an.

Key deliverables


The VGBOs:

> provided support to Ovolo Hotel Group which committed to establishing its Australian headquarters in Melbourne

> supported Coal Energy Australia’s commitment to an investment exceeding $100 million utilising Chinese technology for the advanced processing and export of lignite derivatives

> assisted Shanghai Electric Power, which has committed to investments over the next five years for an advanced lignite processing project in the Latrobe Valley

> facilitated an Australian Dairy Park investment of $15 million for milk product exports to China

> supported Fly Overseas Group, which has established its regional headquarters in Melbourne, creating 40 full-time jobs

> assisted PowerChina, which has committed to establishing its Australian/New Zealand headquarters in Melbourne.


The VGBOs:

> supported 630 Victorian companies participating in trade programs that have reported anticipated exports of $550 million in the 24 months following the trade program

> coordinated a Victorian Financial Services Mission to Beijing, Shanghai, Shenzen and Hong Kong (March 2014)


04 APPENDICES

> provided business support for nearly 20 inbound delegations from China, including multiple delegations from Jiangsu to Victoria.


The VGBOs:

> played a lead role in securing the cooperation and collaboration of authorities in China to support the Government’s Victorian Young Leaders to China Program (Victorian Secondary Schools China Immersion Program)

> supported the Hamer Scholarships Program with further rounds of participants completing their studies in China

> supported Victoria’s relationships with Jiangsu-based universities and the Jiangsu Education Department

> supported candidates participating in the ALDP, a collaboration between the Victorian and Federal Governments

> supported multiple visit programs to China related to Victorian brown coal R&D programs

> supported a visit by a Victorian Parliamentary Delegation, led by the Hon. Ken Smith MP, then Speaker of the Legislative Assembly.


The VGBOs:

> collaborated with the Australian Embassy in Beijing regarding coordination of visit programs, including for the Hon. Andrew Robb MP, Federal Minister for Trade as special guest of the Premier at Victoria’s Food and Agriculture Investment Roundtable in Shanghai

> worked with the Australian Embassy in Beijing and the Australian Consulate in Shanghai on the Australia Week in China Program and the Prime Minister’s and State Premiers’ visit in April 2014, including the Prime Minister’s participation at Victorian Government hosted events.

> Food and Hotel China, Shanghai (November 2013)

> Hong Kong International Wine and Spirits Fair (November 2013)

> Cosmoprof (Asia’s leading beauty and cosmetics trade show) in Hong Kong (November 2013)

> Appliance World Expo, Shanghai (March 2014)

> Mines and Money, Hong Kong (March 2014)

> Hong Kong International ICT Expo – the VGBO assisted 17 exhibiting and visiting Victorian ICT companies (April 2014)

> SIAL (Asia’s leading food and beverage exhibition) in Shanghai (May 2014)

> Asian Racing Conference – assisted 10 exhibiting Victorian companies (May 2014)

> Biofach China, Shanghai (May 2014)

> Taipei Food Show (June 2014).


The VGBOs:

> led by the Commissioner, executed a strategic MOU on behalf of the Victorian Government with the China Development Bank for collaboration and information exchange on investment in infrastructure related programs including agribusiness related projects. This was witnessed by the Premier of China Li Keqiang and the Prime Minister of Australia the Hon. Tony Abbott MP

> organised and supported the visit by the Premier of Victoria the Hon. Dr Denis Napthine MP to Nanjing for official meetings with Jiangsu’s Party Secretary and Governor (April 2014)

> coordinated Victoria’s sponsorship of an Oriental Mining Club event in Shanghai with the Premier as a guest speaker

> supported the Premier’s signing of a MOU with PowerChina in April 2014 to help bring the world-class construction company to the Australian market to improve competition and productivity in the Victorian construction sector

> attended and supported the visit program of the City of Melbourne Lord Mayor and his delegation to Beijing and Tianjin (March 2014)


04 APPENDICES

> organised high-level trade and investment roundtables hosted by the Hon. Louise Asher MP, Minister for Innovation, Minister for Tourism and Major Events and Minister for Employment and Trade, in Malaysia and Singapore as part of the STM to South-East Asia.


The VGBO:

> supported the Victorian ICT Mission of 52 companies to CommunicAsia Singapore (June 2013) resulting in anticipated export sales of over $27 million in the 24 month period following the mission

> supported the Victorian Food and Beverage Trade Mission to Food & Hotel Asia in Singapore (April 2014). Forty four Victorian companies participated and reported anticipated export sales of over $19 million in the 24 month period following the mission

> organised a networking reception for over 120 key food buyers, both importers and retailers, to promote Victorian food produce during Food & Hotel Asia 2014

> supported a visit by 12 Thai companies, seven Singaporean companies and seven Malaysian companies for the International Food and Beverage Trade Week in Melbourne (March 2014)

> collaborated with the Royal Agricultural Society of Victoria (RASV) on a video featuring the transformation of the South-East Asian food industry and highlighting the in-market opportunities for Victorian exporters to the region. The video was launched at the RASV’s Heart of Victoria gala dinner (June 2014)

> facilitated six Malaysian companies, two Indonesian companies and one Thai company to attend the Australian Automotive Week in Melbourne (March 2014)

> in collaboration with Austrade, assisted the Federation of Automotive Product Manufacturers with a trade mission to Malaysia and Indonesia that included 11 Victorian companies (February 2014)

COMMISSIONER FOR VICTORIA – SOUTH-EAST ASIA

The Commissioner in Kuala Lumpur represents Victoria in South-East Asia. The Commissioner and the VGBO in Kuala Lumpur delivered a range of activities and initiatives in 2013-14.


> Played a role in attracting over $11.4 million in capital investment from South-East Asian companies to Victoria that is expected to create 186 jobs

> Supported 270 Victorian companies participating in trade programs in the region. Participating companies reported anticipated export sales of over $278 million in the 24 months following the trade program

> Supported more than 130 Victorian organisations from across five key industries participating in the Victorian Government’s second STM to South-East Asia (June 2014). The mission travelled to Malaysia, Indonesia, Singapore, Myanmar and Thailand. Companies are estimated to have made more than 1,700 business connections during the mission and (as of 30 June 2014) had reported anticipated export sales of over $68 million in the 24 months following the mission.

Key deliverables


The VGBO:

> facilitated an investment by RedDot Brew House of Singapore to establish a boutique micro-brewery in Victoria, expected to create 25 new jobs

> facilitated an investment by Singapore International Airlines Engineering Company to establish a maintenance, repair and overhaul operation at Melbourne Airport, expected to create up to 100 jobs

> progressed a number of investment leads in aviation, ICT, tourism, hospitality, and property development and construction industries


04 APPENDICES

> attended the launch of the Malaysian National Automotive Policy 2014 that saw Swinburne University of Technology sign a MOU with the Malaysian Automotive Institute, ARCA Corporation Sdn Bhd and Australia’s AutoCRC, to develop and manufacture electric buses, lithium ion batteries and a commercial vehicle tracking system. The Commissioner participated in a media panel session with the Malaysian Minister for International Trade and Industry

> provided support to Ironstone Capital and facilitated meetings with Malaysia’s largest coal importers and energy regulators (September 2013)

> participated in the 2014 Study Melbourne Fairs in the Malaysian cities of Johor Bahru and Kuala Lumpur to promote Victorian education institutions and Melbourne as a study destination

> organised a networking dinner with seven local education agents and 12 Victorian alumni in Yangon, Myanmar, as part of the STM 2014

> in collaboration with CPA Australia, organised a workshop in Kuala Lumpur titled ‘9 Reasons Why Innovation Fails’ attended by 80 participants from a broad range of industries

> facilitated a meeting between La Trobe University and the Malaysian-based Crops for the Future Research Centre to explore collaborative R&D projects, particularly with regard to the new AgriBio facility, which is a joint venture between the Victorian Government and the University (February 2014)

> supported the establishment of the Melbourne Business School – Mt Eliza Executive Education unit’s new office in Malaysia

> in conjunction with Monash University Malaysia, organised the Taste of Australia – Experience Victoria event (September 2013). The event showcased Victoria’s passion for sport, food and culture to more than 500 Monash Malaysia students.

> supported the Victorian Urbanisation and Infrastructure Mission to Timor Leste (February 2014) that involved six Victorian companies and resulted in anticipated export sales of over $9 million for the 24 month period following the mission

> supported the participation of five Victorian organisations at Carbon Forum Asia, Thailand (September 2013) resulting in $13.7 million in anticipated exports over the 24 month period following the mission

> assisted Northern Melbourne Institute of TAFE to secure a Train the Trainers contract with the National Association of Private Education Institutions and the Federation of Malaysian Accredited Centres, resulting in export sales of $64,000

> a MOU was signed between Federation Training and three Malaysian partners during the STM to South-East Asia, witnessed by the Hon. Louise Asher MP, Minister for Employment and Trade and the Malaysian Deputy Minister for Youth and Sports. The project is expected to result in export sales of $60,000 in the 24 months following the activity

> supported the education stream of the Victorian STM to South-East Asia that involved 15 TAFEs and private registered training organisations and six universities, visiting Malaysia, Indonesia and Vietnam. This resulted in $4.22 million in anticipated exports over the 24 months following the mission.


The VGBO:

> managed an extensive South-East Asia wide public relations campaign to promote Victoria’s trade and investment value proposition. A total of 156 print, online and broadcast media clippings were generated with an estimated advertising equivalent value of $260,000


04 APPENDICES


The VGBO:

> supported a visit to Thailand by the Hon. Peter Walsh MP, Minister for Agriculture and Food Security (October 2013)

> promoted the Victorian Government’s infrastructure development plans and PlanMelbourne

> assisted with the promotion of AusMed 2014, in Melbourne (April 2014)

> assisted the Victorian Department of Environment and Primary Industries with a Victorian potato industry visit to Malaysia (December 2013).


The VGBO:

> presented at the Australia – A Wealth of Investment Opportunities Forum in Kuala Lumpur Malaysia (November 2013) jointly organised by Austrade Kuala Lumpur and Tourism Australia, attended by over 50 senior Malaysian executives

> participated in a networking event hosted by the Australian High Commission to Malaysia for the Hon. Julie Bishop MP, Australian Minister of Foreign Affairs, with the theme ‘Enhancing the Australia-Malaysia relationship through education’ - the New Colombo Plan was announced which the VGBO supports through active promotion and in-country support

> participated in the International Women’s Day: Celebrating Women in Education event in Kuala Lumpur (March 2014), organised by the Australian High Commission in Malaysia and attended by 60 prominent international business women

> worked closely with the Australian High Commission to Malaysia and Austrade Kuala Lumpur to deliver the Victorian Government STM to South-East Asia and the associated Ministerial visit programs. Ministerial level meetings were arranged with the Malaysian Minister for Tourism, the Malaysian Minister for Agriculture and the Malaysian Minister for International Trade and Industry.


The VGBO:

> continued to strengthen engagement with Victoria’s international alumni, diaspora and business professionals through the promotion of the Victorian Connection chapters in Malaysia, Singapore, Indonesia and Vietnam

> in conjunction with the October 2013 visit by the Governor of Victoria His Excellency the Hon. Alex Chernov AC QC, staged two Victorian Connection receptions in Singapore and Malaysia, attended by 120 and 130 members respectively

> facilitated the involvement of the Governor of Victoria in the 5th World Chinese Economic Forum staged in Kuala Lumpur, Malaysia (October 2013). The Governor of Victoria met with the Deputy Prime Minister of Malaysia, the Chief Minister of Penang and was also granted an audience with His Royal Highness the Regent of Perak

> attended the World Cities Summit in Singapore (June 2014)

> facilitated an inbound delegation of 11 teachers and parents and 24 primary students from Marian Convent, a public school from Ipoh, Malaysia to Melbourne (June 2014) which included a one-day immersion at Haileybury Primary, Brighton Campus

> attended and presented a paper at the Asia Pacific Association of International Education Conference in Seoul, South Korea attended by 1,300 participants from over 60 countries

> assisted a delegation of eight Indonesian education providers and 18 delegates led by the Yogyakarta chapter of the Indonesian Association of Private Higher Education to Melbourne (November 2013).


04 APPENDICES

> supported 29 companies that participated in the Victoria Week Trade Mission in September 2013 led by the Hon. Louise Asher MP, Minister for Innovation, Minister for Tourism and Major Events, and Minister for Trade and Employment, to Mumbai, Delhi, Bangalore, Ahmedabad and Pune

> assisted Victorian companies participating in conferences and visits in India including:

> five food and beverage companies that exhibited at the largest Indian food expo Annapoorna World of Food Exhibition in Mumbai

> a mission of five geospatial companies to India (February 2014) to attend the India Geospatial Forum in Hyderabad

> RMIT University and private institutes such as Asia Pacific Training Organisation, Darlo Consulting and Mentor Education

> supported the establishment of Victoria-India partnerships and projects including:

> a collaborative project between the Victorian Government, Earth Systems and the Indian Institute of technology Kanpur to tackle tannery waste issues in the Ganges River basin

> the Sporting Excellence through Partnership and Development Project between Kerala Government and Victoria University

> the signing of a Vocational Education and Training MOU between Kalyani Skills, a Bharat Forge Group Company and Chisholm Institute of TAFE

> partnerships between Career Life College with eight institutes and government agencies across India

> an MOU between Jawaharal Institute of Post Graduate Medical Research Institute and Bionics Institute of Australia for cooperation on neurosciences

> Victorian company Hydronumerics with a project in Gujarat

> establishment of a training centre by GLOB-Education Promotion Company, a subsidiary of SILK education (Victorian provider)

COMMISSIONER FOR VICTORIA – INDIA

The Commissioner in Bangalore represents Victoria in India, Sri Lanka, Bangladesh, Bhutan and Nepal. The Commissioner and the VGBOs in Bangalore and Mumbai delivered a range of activities and initiatives in 2013-14.


> Supported more than 100 Victorian organisations, representing five industry streams participating in the STM to India (March 2014) which visited five Indian cities. Companies that participated in the mission reported anticipated export sales of $38 million in the 24 months following the mission. In total, the VGBO supported 174 Victorian companies participating in trade programs in 2013-14. Those companies reported anticipated export sales of more than $72 million in the 24 months after the trade activity

> Cyient (formerly Infotech Enterprises) announced the expansion of its Melbourne delivery centre creating 150 full-time jobs in Melbourne during an Engineers Australia industry forum in March 2014.

Key deliverables


The VGBOs:

> assisted Servion Global Solutions with the establishment of its Australian headquarters in Melbourne (announced in March 2014)

> assisted more than 20 Indian companies looking to establish a presence in Victoria.


The VGBOs:

> delivered the STM in March 2014, which consisted of industry streams for sustainable urban development, ICT, health and aged care, and education. Organised more than 540 individual meetings for the 100 participating Victorian organisations


04 APPENDICES

> Commissioner delivered the closing address at the UNAIDS 2014 promotional event in Delhi

> supported the AFL India 2014 tournament held in Goa

> provided support at the Samaanata Conference, the final leg of the Sangam Project in Bangalore – Sangam is a collaborative arts annual conference which provides a platform for Australian and Indian artists for partnerships and exchanges

> facilitated the Victorian Government’s sponsorship of the Australia India Youth Dialogue 2014 held over three days in Hyderabad and Delhi (January 2014)

> enhanced engagement with Victorian alumni through events and active promotions, in particular through the Victoria Connections Program. The VGBO increased the membership base of this group by 61 per cent in the six months from December 2013 to July 2014.


The VGBOs:

> organised a business working lunch hosted by the Secretary for key Karnataka Government representatives from education, trade and tourism in Bangalore during his visit in October 2013 to promote the STM 2014

> implemented initiatives under the state’s India strategy Victoria and India – From Engagement to Partnerships (2013) through conferences, seminars and missions.


The VGBOs:

> partnered with Austrade to support a visit to India by the CEO of Neurosciences Victoria, who met with Indian pharmaceutical companies to scope interest for joint projects in Melbourne

> worked closely with Austrade, the Australian High Commission and Australian Consulate in Mumbai on plans for Vibrant Gujarat 2015

> participated in a joint promotion of the Cricket World Cup 2015 with the Australian High Commission.

> supported inbound missions of Indian companies to explore opportunities for partnerships in Victoria including:

> a buyer delegation of 10 Indian leather companies from the Council of Leather Exports to source raw materials and speciality leathers and learn from Victoria’s expertise in treating effluents from tanneries

> Marico Industries, one of India’s fast moving consumer goods companies.


The VGBOs:

> supported the Institute of Health Nursing Australia which launched a professional nursing exchange program in Kerala

> conducted a seminar on Victorian research and innovation capabilities to top engineering colleges in Bangalore, Karnataka (August 2014)

> organised a roundtable with Indian Banks’ Association members with the Hon. Gordon Rich-Phillips MLC, Assistant Treasurer, Minister for Technology and Minister responsible for the Aviation Industry

> in partnership with Mind Blowing Films, organised the media event for the Indian Film Festival of Melbourne (IFFM) 2014 in Mumbai (March 2014), attended by the Hon. Louise Asher MP, Minister for Innovation, Minister for Tourism and Major Events and Minister for Employment and Trade and IFFM ambassador Vidya Balan.


The VGBOs:

> supported the visit to India by the Hon. Gordon Rich-Phillips MLC, Assistant Treasurer, Minister for Technology and Minister for the Aviation Industry who met with senior Indian Government representatives in the IT and education portfolios (March 2014)

> in partnership with the international women’s organisation, WEConnect India, hosted the VWIIB event in Mumbai (March 2014)


04 APPENDICES

> organised a Victorian investment promotion seminar in Tokyo (March 2014) in partnership with Bank of Tokyo Mitsubishi – UFJ, which attracted 50 guests from the local business community and generated a number of investment leads

> delivered a Public Private Partnership investment promotion in South Korea which led to major South Korean companies investigating potential infrastructure investments in Victoria

> supported the R&D project between RMIT University and Hyundai Motors. The organisations signed on to the third phase of the project for ‘Minimising Wind Noise In-Cabin of Vehicle’.


The VGBO:

> supported 145 Victorian companies participating in Victorian Government trade programs. Participating companies reported anticipated export sales of over $53 million in the 24 months following the trade activity

> organised and participated in 11 trade shows and events

> organised 16 delegates from Korea and Japan to attend the International Food and Beverage Trade Week in Melbourne (March 2014)

> organised the launch and promotion of Australia Table Grapes in Japan and Korea in conjunction with the Australian Table Grapes Association, Austrade and the Victorian Department of Environment and Primary Industries

> delivered a Japan Education Trade Mission in Tokyo and Osaka with 19 Victorian education providers (June 2014)

> assisted RMIT University and Kookmin University to conclude a Student Exchange Agreement in March 2014, which aimed to commence exchanges from 2015

> assisted with a Victoria University and Nagasaki University agreement to establish Student Mobility Programs between the two universities

COMMISSIONER FOR VICTORIA – JAPAN AND SOUTH KOREA

The Commissioner in Tokyo represents Victoria in Japan and South Korea. The Commissioner and the VGBO in Tokyo delivered a range of activities and initiatives in 2013-14.


> Attracted four new investments bringing over $70 million in capital and generating more than 150 new jobs in Victoria. Investments included Sanoyas Holdings, Ryohin Keikaku (MUJI) and Kagome Foods Australia

> Facilitated two major trade missions to Foodex Japan (March 2014) and Seoul Food and Hotel Korea (May 2014). The 42 Victorian companies that participated reported more than $34 million in anticipated exports in the 24 months following the activity

> Attracted the 34th AKBC-KABC (Australia Korea Business Council-Korea Australia Business Council) Joint Meeting to Melbourne (August 2013) with over 150 participants from both countries.

Key deliverables


The VGBO:

> facilitated four new investments into Victoria and generated 15 new investment leads

> assisted visits to Melbourne by eight companies including Sanoyas Holdings and Ryohin Keikaku

> coordinated 118 meetings with potential and existing Japanese investors

> delivered an investment promotion event at the Business Link Exhibition in Osaka (February 2014)

> supported visits to Victoria by two major Korean companies seeking joint venture and other opportunities


04 APPENDICES

> conducted an interview with Korea’s second biggest economic daily newspaper ‘The Korea Economic Daily (Hankyung)’ to promote Victoria’s strong economy and infrastructure investment opportunities

> promoted Victoria’s cleantech and renewable energy capability at Entech 2013 in Busan, South Korea (July 2013).


The VGBO:

> supported a visit to Japan by the Premier of Victoria the Hon. Dr Denis Napthine MP (October 2013) and coordinated the Premier’s attendance at the 51st Japan-Australia Joint Business Conference

> coordinated the visit to Japan by the Deputy Premier of Victoria the Hon. Peter Ryan MP and Minister for State Development (October 2013). The Deputy Premier met with the Vice Mayor of Osaka City to celebrate the 35th anniversary of the sister city relationship with the City of Melbourne

> assisted the visit to Osaka in March 2013 by the Lord of Mayor of Melbourne and coordinated business matching meetings for the associated business delegation

> coordinated a visit by a delegation from the Aichi Prefectural Assembly to Melbourne to meet with the Governor of Victoria His Excellency the Hon. Alex Chernov AC QC, the Premier, the President of the Legislative Council the Hon. Bruce Atkinson MLC, and the then Speaker of the Legislative Assembly the Hon. Ken Smith MP.


The VGBO:

> coordinated the visit of a senior DSDBI official to present at the 22nd Clean Coal Day International Conference and set up meetings with Japanese Ministry of Economy, Trade and Industry, coal energy industry body and companies. A dinner was co-hosted with the Federal Government, attended by 20 key Japanese Government, industry and academic stakeholders related to brown coal technology development

> supported two institutions at an Education Agent Workshop 2014 and arranged a networking event with 86 attendees in Seoul, South Korea

> supported Peerless to re-enter the Korean market with its innovative product ‘ABS’.


The VGBO:

> promoted Victoria’s capabilities at the Japan-Australia Society in Kansai seminar (December 2013) and at the Melbourne Business Seminar in Osaka (March 2014)

> coordinated a nanotechnology researchers’ delegation to Tokyo (January 2014) and a presentation at Nanotech Japan 2014 Exhibition (February 2014)

> delivered a Victorian Research Capability promotion with five Victorian researchers from La Trobe University, Deakin University and the Australian Synchrotron

> participated in the Austrade Korea Education Roadshow ‘Australia Future Unlimited Education Exhibition’ in Korea to promote Study Melbourne and assisted the participation of 14 Victorian education and training providers

> delivered an education mission ‘Study Melbourne Fair Japan 2014’ with 19 education and training providers to develop new industry connections in Tokyo and Osaka

> Commissioner gave an interview to Korea’s leading publication ‘Hotel & Restaurant’ to introduce Victoria’s agribusiness and food and beverage capability and opportunities arising from the Korea-Australia Free Trade Agreement

> facilitated a report on Victorian wine exporters attending Seoul Food 2014 by the top wine magazine in Korea ‘Wine Review’

> promoted the AusBiotech Investment Summit in Melbourne (December 2014) and supported Victorian participants at BioKorea 2014 (May 2014)


04 APPENDICES

The Victorian Industry Participation Policy Act 2003 requires Victorian Government 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.

During 2013-14, the department commenced one contract which met or exceeded VIPP thresholds. A VIPP plan was not required for this procurement as it was local by nature, with an estimated 100 per cent local content.

The department did not commence or complete any other procurement activities which met or exceeded VIPP thresholds in 2013-14.

There were no projects that were commenced prior to the implementation of VIPP reforms on 1 January 2013 that were completed in 2013-14.

During 2013-14, the Industry Capability Network had 20 conversations with the department’s grant recipients and one conversation regarding design contracts for departmental projects that correspond with the registration and issuing of an Interaction Reference Number.

> assisted a visit to Korea by the Governor of Victoria His Excellency the Hon. Alex Chernov AC QC. Visits were arranged with POSCO, POSTECH, Hyundai Motors, FKI, Ministry of Patriots & Veterans, Supreme Court and Busan City Government in South Korea (October 2013)

> supported the Hamer Scholarships Program to Japan and South Korea to further develop Victoria’s relationships with Japan and Korea-based universities and partner organisations

> supported the participation of a representative from the Victorian Department of Human Services in the K2H (Korea Heart to Heart) Fellowship Program with the Busan City Government.


The VGBO:

> developed relationships with Japanese pharmaceutical products companies and medical device companies jointly with the Austrade Tokyo to promote Victoria’s capabilities

> participated in the Business Link Exhibition in Osaka in collaboration with Austrade (February 2014)

> worked with the Federal Government Department of Agriculture, Fisheries and Forestry in Seoul on market entry for Australian table grapes and promoted Korea’s revised organic processed food and ingredient regulation to Victorian exporters.

APPENDIX 13 IMPLEMENTATION OF THE VICTORIAN INDUSTRY PARTICIPATION POLICY


04 APPENDICES

APPENDIX 14 OFFICE-BASED ENVIRONMENTAL IMPACTS

The following information has been prepared in accordance with FRD 24C of the Financial Management Act 1994 which requires information to be reported for sites with 10 or more FTE staff.

Through MOG changes in 2013, a number of office sites are new to the department for this financial year. There are also a number of sites that are no longer being used by the department due to office location changes.

OFFICE-BASED ENVIRONMENTAL IMPACTS SUMMARY TREND TABLE

Total 2013-14

Total 2012-13

% Change from 2012-13

ENERGY USEUnits of energy (gas and electricity) use per unit of office space MJ/M2 170.21 172.85 -2%

WASTE PRODUCTION Units of waste produced per FTE staff kg/FTE 98.1 116.3 -16%

PAPER USEUnits of copy paper used per FTE staff Reams/FTE 17.02 18.77 -10%

WATER CONSUMPTIONUnits of metered water consumed per unit of office space kL/M2 0.42 0.48 -13%

Units of metered water consumed per FTE staff kL/FTE 14.44 15.93 -10%

TRANSPORTATION Greenhouse gas emissions from operational vehicles per 1,000 km travelled

t CO2-e/ 1,000km 0.21 0.17 +23%

Explanatory notes

> The data reported represents the 12 month period from 1 July 2013 to 30 June 2014. This is the first full year that the department has operated under its current structure

> An average FTE during the reporting time period has been used

> Waste data was extrapolated from four samples that are not statistically representative and should be read with caution

> Some adjustments have been made to the previous year to reflect departmental changes and to provide the most comparable data

> Due to MOG changes, the department has significantly increased its fleet size and the mix of vehicles now includes significantly more non-hybrid vehicles. The fleet size increased from 21 vehicles to 124 vehicles.


04 APPENDICES

ENERGY USE

Total 2013-14 Total 2012-13

Indicator Electricity Natural Gas Electricity Natural Gas

Total energy usage MJ 5,082,919 76,196 5,161,860 81, 824

Total greenhouse gas emissions associated with energy (offsets included) t CO2-e 1,892 4 1,921 5

Units of energy used per FTE staff MJ/FTE 5,942 5,861 5,958 5,421

Units of energy used per unit of office area MJ/M2 170.2 132.2 172.9 151.0

Percentage of FRD 24C sites represented % 75 12 75 25

Percentage of FRD 24C FTE staff % 95 2 95 3

Explanatory notes

> No electricity data was available for the department’s Geelong and Wangaratta sites

> The department’s office in Dandenong is the only departmental office that uses gas for air-conditioning and hot water.

Actions undertaken during the year to reduce energy use

> Purchased Australian-based carbon offsets equivalent to 25 per cent of the 2012-13 emissions associated with the department’s energy use

> Departmental offices in the Melbourne metropolitan area participated in Earth Hour 2014. The department’s Facilities, Environmental Management and Environment Champions worked with Building Managers to ensure that lighting, with the exception of essential security lighting, was turned off

> An automatic after-hours shutdown policy for departmental computers was implemented, to reduce standby power consumption. With the assistance of the department’s volunteer Environment Champions, an information campaign was also implemented to increase the number of staff switching off their computer monitors

> Information on energy efficiency for the home and office was provided to staff through internal communications such as the environmental management electronic newsletter and intranet articles.

2014-15 targets

> Amend procurement policy to ensure that only appliances that have a minimum 3.5 star energy and water rating can be purchased for departmental offices

> Develop and distribute a range of prompting communications materials to remind staff to turn off lights and computer monitors to save energy

> Continue to participate in Earth Hour with the aim of increasing regional office involvement in the event

> Continue to visit regional offices to identify energy saving opportunities.


04 APPENDICES

WASTE PRODUCTION

Indicator Total 2013-14 Total 2012-13

Total units of waste disposed of by destination kg 71,848 84,330

Units of recycling disposed of by destination kg 53,630 62,819

Units of organic recycling disposed of by destination kg 4,438 6,467

Units of landfill disposed of by destination kg 13,779 15,043

Total units of waste disposed of per FTE staff by destination kg/FTE 98.1 116.3

Units of recycling per FTE staff kg/FTE 73.1 86.8

Units of organic recycling per FTE staff kg/FTE 6.1 8.8

Units of landfill per FTE staff kg/FTE 18.9 20.7

Recycling rate % 81 82

Greenhouse gas emissions associated with waste disposal based on weighted average of all audits t CO2-e 16.5 18.1

Percentage of all sites reported % 12.5 25

Percentage of all FTE staff reported % 85 89

Explanatory notes

> The above data is derived from four waste audits that were conducted by an external auditor over five day periods at 121 Exhibition Street, Melbourne

> Conducting four waste audits at the 121 Exhibition Street office goes beyond the requirements of FRD 24C. However, extracting annual data from these limited sampling events is still not statistically representative and should be read with caution

> There was not a strong correlation between waste consumption and the number of FTE at 121 Exhibition Street at the time of each audit

> The data presented above excludes the items recycled by Green Collect and Cart Collect.

Actions undertaken during the year to reduce waste

> An awareness campaign was implemented to increase awareness and understanding of what waste items can be recycled and which bin they should be placed in

> Waste bin signage was updated across the department, reflecting changes to recycling services and processes

> Site visits were conducted to the department’s regional offices to identify opportunities for improvement in waste management. A key action resulting from the assessments has been to ensure these offices have the facilities to recycle their compost, paper, toners, e-waste and other general recyclable items such as plastics, glass, CDs and batteries

> Unwanted office waste such as CDs, batteries, e-waste and stationery was collected by Green Collect from the department’s 121 Exhibition Street office for upcycling and recycling. Regional staff from the department’s newer offices also began sending their office waste to head office for the Green Collect service

> Old mobile phones were donated to the Melbourne Zoo’s They’re Calling On You Program. Used printer toner cartridges were donated to Cart Collect for recycling

> All departmental staff have paper and landfill bins for their desks to assist in the correct sorting of waste. An awareness campaign was run to reiterate the correct use of the bins

> An awareness campaign was run to raise staff awareness of the waste issues associated with purchasing disposable paper coffee cups.


04 APPENDICES

2014-15 targets

> Continue to visit the department’s offices to assess and improve waste management performance

> Continue to upcycle and recycle department office materials that can no longer be used

> Donate all business phones to the Melbourne Zoo’s They’re Calling on You Program

> Continue to educate and communicate with staff to reduce the total amount of waste produced by the department, and to improve waste recycling rates.

PAPER USE


Total units of paper used Reams 15,007 16,705

Units of paper used per FTE staff Reams/FTE 17.0 18.8

Percentage 75-100% recycled content copy paper purchased % 92.9 90.3



Percentage of FRD24C sites reported % 87.5 100

Percentage of all FTE staff from FRD24C sites reported % 98 100

Explanatory notes

> The department’s procurement policy prescribes that white A4 paper purchased by the department must be Australian made and must have a minimum of 80 per cent recycled content. Exempt from this policy is the purchase of Nallawilli Copy Paper by the department’s Indigenous Economic Development for Small Business Team. This exemption accords with Schedule 2 of the Victorian State Purchasing Contract which supports purchases from indigenous enterprises that are certified as members of Supply Nation

> No paper data was available for the Wangaratta office.

Actions undertaken during the year to reduce waste

> The department implemented standard monthly paper orders in 121 Exhibition Street, reducing the number of people able to order paper and also limiting the choices to 80 per cent recycled content paper for both A4 and A3 sizes

> Internal articles were published which detailed how many reams were used by the department last year and the impact paper use has on the environment

> Site visits were conducted to the department’s regional offices to identify opportunities for improvement in paper management. A key action resulting from the visits has been to ensure these offices have appropriate facilities and processes to recycle their paper and card waste

> Old stationery items and letterhead that could not be reused were donated to Green Collect for recycling. Collection of these items continues.


04 APPENDICES

Explanatory notes

> Data was not available for all FRD 24C sites and all periods

> A majority of the department’s water usage is not separately metered. Water usage at sites without separate meters is apportioned as per the square metre of building occupancy

> The largest factor influencing water consumption at 121 Exhibition Street, the office with the highest number of departmental staff, is the consistency of operation of the building’s black water treatment plant. When functioning, the recycled water is used to flush the toilets, therefore reducing the amount of potable (drinking) water used.

2014-15 targets

> Continue to raise awareness of the need to maintain departmental site printers for automatic black and white printing and duplex printing

> Continue to monitor the purchasing of white A4 and A3 paper to ensure it is maintained at a minimum of 80 per cent recycled content

> Implement regular paper reduction campaigns, including posters and Environment Champion actions

> Continue to visit departmental offices to assess and improve their paper use performance

> Continue to donate all unwanted stationery and letterhead to Green Collect.

WATER CONSUMPTION


Units of metered water consumed per unit of office area kL/M2 11.990 13,820

Units of metered water consumed per FTE staff kL/FTE 0.42 0.48

Total units of metered water consumed kL 14.44 15.93

Percentage of all sites reported % 62.5 62.5

Percentage of all FTE staff reported % 92 92

Actions undertaken during the year to reduce water use

> Explored a water saving initiative with the shared services provider who manages departmental tenancies

> Improved water data gathering processes to enable greater statistical validity and increased data confidence levels.

2014-15 targets

> Amend procurement policy to ensure that only appliances with a minimum 3.5 star energy and water rating can be purchased for departmental offices

> Investigate water saving opportunities at regional and metropolitan departmental sites

> Continue to work with the shared services provider to upgrade leased sites so that the offices are more water efficient.


04 APPENDICES

the department has significantly increased its fleet size and the mix of vehicles now includes significantly more non-hybrid vehicles. The fleet size increased from 21 vehicles to 124 vehicles

TRANSPORTATION

Departmental operational fleet


4 Cylinder (Inc Hybrid)

6 Cylinder (Lpg And

ULP) 4 Cylinder 6 Cylinder

Total energy consumption by vehicles (MJ) 1,370,877 371,107 291,446 34,375

Total vehicle travel associated with entity operations (km) 3,834,386 1,243,209 743,180 120,443

Total greenhouse gas emissions from vehicle fleet (t CO2-e) 260 82 54 8

Greenhouse gas emissions from vehicle fleet per 1,000 km travelled (t CO2-e/1,000 km) 0.20 0.24 0.18 0.23

Departmental use of State Government vehicle pool


Total energy consumption by vehicles (MJ) 372,216 247,556

Total vehicle travel associated with entity operations (km) 857,009 525,186

Total greenhouse gas emissions from vehicle fleet (t CO2-e) 57 36

Greenhouse gas emissions from vehicle fleet per 1,000 km travelled (t CO2-e/1,000 km)

0.17 0.14

Air travel


Total distance travelled by aeroplane (km) 3,525,011 2,681,100

Staff transport


Overall % of staff using sustainable

transport

% breakdown of staff using sustainable transport by

work locationOverall % of staff using

sustainable transport

Percentage of staff regularly (more than 75 per cent of work attendance days) using public transport, cycling or walking, or carpooling to and from work or working from home by locality type

81 Metro

CBD

Regional

Overseas offices/Interstate

35.1

91.4

34.5

66.7

88

Explanatory notes

> The basis of the travel survey measurements has changed from source location to work location and only the aggregate is comparable

> Staff use of departmental fleet vehicles and State Government pool vehicles has been separated as a different methodology has been used to calculate the environmental impact of each vehicle pool Due to MOG changes,


04 APPENDICES

> The department purchased 1004 tonnes of carbon offsets equivalent. This included 530 tonnes of carbon offsets for its 2012-13 international air travel emissions as well as 474 tonnes of carbon offsets, which is equivalent to approximately 25 per cent of its 2013-14 energy emissions. This approximate includes current known emissions and estimated emissions based on all departmental offices.

2014-15 targets

> Continue to promote the use of sustainable transport modes, and the use of active transport through events such as Ride to Work Day

> Purchase 610 tonnes of carbon offsets, equivalent to the department’s 2013-14 international air travel emissions

> Improve staff use of video conferencing facilities to reduce travel between offices.

Actions undertaken during the year to reduce environmental impact of procurement

> The department maintained a 38 per cent level of environmentally-friendly or recycled content stationery purchasing throughout 2013-14.

2014-15 targets

> Provide additional guidance to staff on sustainability considerations when procuring goods and services

> Further increase recycled content stationery purchases to 43 per cent.

> The amount of international flights taken by departmental staff increased last year. This is due to the 16 trade missions conducted during 2013-14. The trade missions are central to the Government’s increased focus on growing the state’s exports and the state’s long-term international engagement activities. The department’s Trade Mission Program aims to connect Victorian businesses with opportunities in global markets through a sustained, large scale and targeted trade and investment program

> Staff travel only considers survey data between Monday to Friday, when the vast majority of staff are working.

Action taken during the year to reduce emissions related to travel

> Purchased 530 tonnes of carbon offsets equivalent to the greenhouse gases produced from the department’s 2012-13 international air travel

> Promoted active transport with the department’s Bicycle User Group and Corporate Health and Safety Group. This included a Ride to Work Day breakfast event.

GREENHOUSE GAS EMISSIONS


Total greenhouse gas emissions associated with energy use t CO2-e 1,894 1,926

Carbon offsets purchased for energy emissions Tonnes 474 290

Total greenhouse gas emissions associated with vehicle fleet t CO2-e 333 98

Total greenhouse gas emissions associated with air travel t CO2-e 874 653

Greenhouse gas emissions associated with international air travel t CO2-e 610 530

Total greenhouse gas emissions associated with waste disposal t CO2-e 16 18

Total greenhouse gas emissions associated with departmental operations t CO2-e 3,117 2,695

Greenhouse gas emissions offsets purchased t CO2-e 1,004 569

Explanatory notes

> Due to MOG changes, the department has significantly increased its fleet size from 21 vehicles to 124 vehicles

> The amount of international flights taken by departmental staff increased last year. This is due to the 16 trade missions conducted during 2013-14


04 APPENDICES

APPENDIX 15 LEGISLATION ADMINISTERED BY THE DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION

AVIATION INDUSTRY

Aerodrome Landing Fees Act 2003

Australian Airlines (Intrastate Services) Act 1990

Civil Aviation (Carriers’ Liability) Act 1961

Wrongs Act 1958 (Part VI) – this part is jointly administered with the Attorney-General. The Act is otherwise administered by the Attorney-General.

Planning and Environment Act 1987:

> Part 3C, except in so far as it relates to the land along the Ninety Mile Beach that is shown either as ‘Areas within the Settlement Boundaries’ or ‘Areas outside the Settlement Boundaries’ on the plans forming part of the document entitled ‘Ninety Mile Beach Development and Subdivision Controls: The Honeysuckles to Paradise Beach’ and dated August 2007 (revised June 2009) that was incorporated into the Wellington Planning Scheme by Amendment C48 to the Wellington Planning Scheme, and revised by Amendment C61 to the Wellington Planning Scheme, whether or not that document remains incorporated into the Wellington Planning Scheme (except in so far as it relates to that land, this Part is jointly administered with the Minister for Planning)

> Part 3C in so far as it relates to the land along the Ninety Mile Beach that is shown either as ‘Areas within the Settlement Boundaries’ or ‘Areas outside the Settlement Boundaries’ on the plans forming part of the document entitled ‘Ninety Mile Beach Development and Subdivision Controls: The Honeysuckles to Paradise Beach’ and dated August 2007 (revised June 2009) that was incorporated into the Wellington Planning Scheme by Amendment C48 to the Wellington Planning Scheme, and revised by Amendment C61 to the Wellington Planning Scheme, whether or not that document remains incorporated into the Wellington Planning Scheme (in so far as it relates to that land, this Part is jointly administered with the Attorney-General)

> The Act is otherwise administered by the Attorney-General, the Minister for Planning and the Treasurer.

EMPLOYMENT AND TRADE

Child Employment Act 2003


Electricity Industry Act 2000

Electricity Safety Act 1998

Energy Safe Victoria Act 2005

Extractive Industries (Lysterfield) Act 1986

Fuel Emergency Act 1977

Gas Industry Act 2001

Gas Safety Act 1997

Geothermal Energy Resources Act 2005

Greenhouse Gas Geological Sequestration Act 2008

Mineral Resources (Sustainable Development) Act 1990

Mines (Aluminium Agreement) Act 1961

National Electricity (Victoria) Act 2005

National Gas (Victoria) Act 2008

Nuclear Activities (Prohibitions) Act 1983

Offshore Petroleum and Greenhouse Gas Storage Act 2010

Petroleum Act 1998

Pipelines Act 2005

State Electricity Commission Act 1958 – section 107 (the Act is otherwise administered by the Treasurer)

Underseas Mineral Resources Act 1963

Victorian Energy Efficiency Target Act 2007

Victorian Renewable Energy Act 2006

Mineral Resources (Sustainable Development) Act 1990

Mines (Aluminium Agreement) Act 1961

National Electricity (Victoria) Act 2005

National Gas (Victoria) Act 2008

Nuclear Activities (Prohibitions) Act 1983

Offshore Petroleum and Greenhouse Gas Storage Act 2010

Petroleum Act 1998

Pipelines Act 2005

State Electricity Commission Act 1958 – section 107 (the Act is otherwise administered by the Treasurer)


04 APPENDICES

Underseas Mineral Resources Act 1963

Victorian Energy Efficiency Target Act 2007

Victorian Renewable Energy Act 2006

INNOVATION

Agent-General and Commissioners for Victoria Act 2007 – Except sections 4, 5, 6, 7 and 8, which are administered solely by the Premier. Section 13 is administered jointly and severally with the Premier.

Film Act 2001 – Part 2. Parts 1, 4 and 5 are jointly administered with the Minister for the Arts. The Act is otherwise administered by the Minister for the Arts.

MAJOR PROJECTS

Crown Land (Reserves) Act 1978 – as it applies to Crown allotments 2219; 2220; 2221; and 2222 on OP122930 and Crown allotments 2026; 2031; 2162; and 2223 on OP122933, County of Bourke, Parish of Melbourne South, City of South Melbourne. The Act is otherwise administered by the Assistant Treasurer, the Minister for Corrections, the Minister for Environment and Climate Change, the Minister for Health, the Minister for Ports, and the Minister for Sport and Recreation.

Melbourne Market Authority Act 1977

Project Development and Construction Management Act 1994 – Part 5A (except to the extent that it relates to the exercise of powers and functions under Part 9A of the Planning and Environment Act 1987) and Part 8. The Act is otherwise administered by the Minister for Finance, the Minister for Planning and the Premier.

MANUFACTURING

Victorian Industry Participation Policy Act 2003 (administered jointly with the Minister for State Development)

REGIONAL AND RURAL DEVELOPMENT

Regional Development Victoria Act 2002

Regional Growth Fund Act 2011

REGIONAL CITIES

Albury-Wodonga Agreement (Repeal) Act 2003

SMALL BUSINESS

ANZAC Day Act 1958 – Except sections 3 and 4A, which are administered by the Minister for Veterans Affairs. Section 4 is administered solely by the Minister for Sport and Recreation.

Public Holidays Act 1993

Retail Leases Act 2003

Shop Trading Reform Act 1996

Small Business Commissioner Act 2003

Summer Time Act 1972

STATE DEVELOPMENT

Victorian Industry Participation Policy Act 2003 (administered jointly with the Minister for Manufacturing)

TECHNOLOGY

Howard Florey Institute of Experimental Physiology and Medicine (Repeal) Act 2007

Medical Research Institutes (Repeal) Act 2008

TOURISM AND MAJOR EVENTS

Australian Grands Prix Act 1994

Emerald Tourist Railway Act 1977

Melbourne Convention and Exhibition Trust Act 1996

Tourism Victoria Act 1992

NEW LEGISLATION IN 2013-14

Acts

Electricity Safety Amendment (Bushfire Mitigation) Act 2014

Energy Legislation Amendment (Customer Metering Protections and Other Matters) Act 2014

Energy Legislation Amendment (General) Act 2014

Mineral Resources (Sustainable Development) Amendment Act 2014

Small Business Commissioner Amendment Act 2014


04 APPENDICES

Legislative Instruments

Child Employment Regulations 2014

Mineral Resources (Sustainable Development) (Mineral Industries) Regulations 2013

National Gas (Victoria) (Declared System Provisions) Regulations 2014

Victorian Energy Efficiency Target Act – 2014 Greenhouse Gas Reduction Rate Order

APPENDIX 16 FREEDOM OF INFORMATION

The Freedom of Information Act 1982 allows the public a right of access to documents held by the department. For the 12 months ending 30 June 2014, the department received 66 applications. Of these requests, 36 were received from Members of Parliament and the remainder were received from members of the general public and media.

Of the total requests received by the department, six decisions were reviewed by the Victorian Civil and Administrative Tribunal and there were two reviews by the Office of the Victorian Freedom of Information Commissioner. The Commissioner also received one complaint.

MAKING A REQUEST

Requests for documents in the possession of the department should be addressed to:

Manager, Freedom of Information and Privacy Department of State Development, Business and Innovation Level 9, 121 Exhibition Street Melbourne VIC 3000

The requirements for making a request are:

> it should be in writing

> it should identify as clearly as possible the documents being requested

> it should be accompanied by the appropriate application fee (the fee may be waived in certain circumstances).

Applications can also be lodged online at foi.vic.gov.au

Access charges may also apply under some conditions.

Further information regarding freedom of information can be found at foi.vic.gov.au

APPENDIX 17 COMPLIANCE AND ATTESTATIONS

COMPLIANCE WITH THE BUILDING ACT 1993

All Victorian Government departments and funded agencies are required to comply with the requirements of the Building Act 1993, the Building Code of Australia and statutory obligations set by Government.

The Building Act 1993 applies to construction, demolition, removal and refurbishment of capital projects, and the Building Code of Australia relates to standards set for building regulations.

COMPLIANCE WITH DATAVIC ACCESS POLICY

Consistent with the DataVic Access Policy issued by the Victorian Government in 2012, the tabular information included in this Annual Report will be available at data.vic.gov.au in machine readable format.

COMPLIANCE WITH THE DISABILITY ACT 2006

The Disability Act 2006 requires that all public sector bodies prepare a disability action plan and that departments report on the implementation of their plan in their annual report (s.38).

The department’s Disability Action Plan 2012-2015 outlines the actions that the department will take to address potential barriers for people with disabilities and includes four key principles that the department:

> is accessible to all customers, stakeholders and staff with a disability

> recognises the significant value of employing and retaining people with a disability

> recognises, includes and promotes the participation of people with a disability in the department’s programs and in the community


04 APPENDICES

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 procedures

Disclosures of improper conduct or detrimental action by the department or any of its employees and/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 and/or officers may also be made directly to the Independent Broad-based Anti-corruption Commission (IBAC):

Level 1, North Tower, 459 Collins Street Melbourne VIC 3000 Phone: 1300 735 135 Website: ibac.vic.gov.au Email: refer to the website above for the secure email disclosure process, which also provides for anonymous disclosures

Further information

The Protected Disclosure Policy and Procedures, which outline the system for reporting disclosures of improper conduct or detrimental action by the department or any of its employees and/or officers, are available on the department’s website dsdbi.vic.gov.au

> has a shared accountability for reducing issues and barriers to people with a disability.

A highlight in 2013-14 was the celebration of International Day of People with Disability. The department assisted in organising a VPS-wide event featuring television personality and comedian, Tim Ferguson. Tim was joined by a panel of high-profile speakers for a question and answer session following his speech.

COMPLIANCE WITH NATIONAL COMPETITION POLICY

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.

The department continues to comply with the requirements of the National Competition Policy.

Competitive neutrality requires government businesses to ensure where services compete, or potentially compete with the private sector, any advantage arising solely from their government ownership be removed if they are not in the public interest. Government businesses are required to cost and price these services as if they were privately owned and thus be fully cost reflective. Competitive Neutrality Policy provides government businesses with a tool to enhance decisions on resource allocation. This policy does not override other policy objectives of government and focuses on efficiency in the provision of service.

COMPLIANCE WITH THE PROTECTED DISCLOSURE ACT 2012 (FORMERLY THE WHISTLEBLOWERS PROTECTION ACT 2001)

The Protected Disclosure Act 2012 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


04 APPENDICES

ATTESTATION FOR COMPLIANCE WITH THE AUSTRALIAN/NEW ZEALAND RISK MANAGEMENT STANDARD

I, Howard Ronaldson, Secretary, certify that the Department of State Development, Business and Innovation has risk management processes in place consistent with the Australian/New Zealand Risk Management Standard (AS/NZS ISO 31000:2009 or its successor) and an internal control system is in place that enables the executive to understand, manage and satisfactorily control risk exposures. The Risk and Audit Committee verifies this assurance and that the risk profile of the Department of State Development, Business and Innovation has been critically reviewed within the last 12 months.


4 September 2014

Disclosures under the Protected Disclosure Act 2012

Total 2013-14 Total 2012-13

The number of disclosures made by an individual to the department and notified to IBAC

Assessable disclosures 1 0

DECLARATION OF MAJOR CONTRACTS

In accordance with the requirements of government policy and accompanying guidelines, the department is required to disclose all contracts greater than $10 million in value that it entered into during the year ended 30 June 2014. Details of contracts that have been disclosed can be viewed at contracts.vic.gov.au

There are no departmental contracts greater than $10 million in value for the reporting period.

DECLARATION OF PECUNIARY INTEREST

In accordance with the general guidelines for declaration of pecuniary interest, relevant officers have completed a declaration for the financial year.

Shares held by Senior Officers in a statutory authority or subsidiary:

> no officer holds shares as a nominee or beneficiary in a statutory authority or subsidiary.

ATTESTATION FOR COMPLIANCE WITH THE MINISTERIAL DIRECTION 4.5.5.1 – INSURANCE

I, Howard Ronaldson, Secretary, certify that the Department of State Development, Business and Innovation has complied with Ministerial Direction 4.5.5.1 – Insurance.


4 September 2014


04 APPENDICES

j. A general statement on industrial relations within the department and details of time lost through industrial accidents and disputes

k. A list of major committees sponsored by the department, the purposes of each committee and the extent to which the purposes have been achieved

l. Details of departmental professional works and services procured (including consultancies and contractors)

m. Details of government advertising expenditure by the department (campaigns with a media spend of $150,000 or greater)

n. A summary of Victorian Feed-in Tariff Scheme reporting.

The information is available upon request from:

Director, Strategic Communication and Marketing Branch Corporate, Planning and Compliance Services Department of State Development, Business and Innovation Level 32, 121 Exhibition Street Melbourne VIC 3000 Phone: 03 9651 9252 Email: [email protected]

In compliance with the requirements of the Standing Directions of the Minister for Finance, details in respect to the items listed below have been retained by the department, and are available to the relevant Ministers, Members of Parliament and the public on request (subject to the provisions of the Freedom of Information Act 1982, if applicable):

a. A statement that declarations of pecuniary interests have been duly completed by relevant officers of the department

b. Details of shares held by senior officers as nominee or held beneficially in a statutory authority or subsidiary

c. Details of publications produced by the department about the department and how these can be obtained

d. Details of changes in prices, fees, charges, rates and levies charged by the department

e. Details of any major external reviews carried out on the department

f. Details of major research and development activities undertaken by the department

g. Details of overseas visits undertaken by the department including a summary of the objectives and outcomes of each visit

h. Details of major promotional, public relations and marketing activities undertaken by the department to develop community awareness of the department and its services

i. Details of assessments and measures undertaken by the department to improve the occupational health and safety of employees

APPENDIX 18 SUMMARY OF ADDITIONAL DEPARTMENTAL INFORMATION AVAILABLE UPON REQUEST


04 APPENDICES

Ballarat111 Armstrong Street North Ballarat VIC 3350 Tel: (+61 3) 5327 2800 Fax: (+61 3) 5327 2830 Email: [email protected]

BendigoLevel 1 56-60 King Street Bendigo VIC 3550 Tel: (+61 3) 4433 8000 Fax: (+61 3) 4433 8099 Email: [email protected]

GeelongLevel 2, Harrison Place 237 Ryrie Street Geelong VIC 3220 Tel: (+61 3) 5215 6000 Fax: (+61 3) 5215 6099 Email: [email protected]

Heywood – by appointment onlyWinda Mara Aboriginal Corporation 21 Scott Street Heywood VIC 3304 Tel: (+61 3) 5527 2008 Email: [email protected]

Horsham Wimmera Business Centre62 Darlot Street Horsham VIC 3400 Tel: (+61 3) 5381 2762 Fax: (+61 3) 5381 2514 Email: [email protected]

Leongatha – by appointment onlyCnr. Young and Bair Street Leongatha VIC 3953 Tel: (+61 3) 5172 2533 Email: [email protected]

Mildura131 Langtree Avenue Mildura VIC 3500 Tel: (+61 3) 5051 2000 Fax: (+61 3) 5051 2020 Email: [email protected]

METROPOLITAN VGBOs

CBD – Inner Melbourne RegionLevel 11, 121 Exhibition Street Melbourne VIC 3000 Tel: (+61 3) 9651 9239 Fax: (+61 3) 9651 9505 Website: dsdbi.vic.gov.au Email: [email protected]

Bundoora – Northern Metropolitan RegionUniversity Hill Suite 16, Level 1 20 Enterprise Drive Bundoora VIC 3083 Tel: (+61 3) 9935 0600 Fax: (+61 3) 9466 7367 Email: [email protected]

Ringwood – Eastern Metropolitan RegionSuite 11, Level 1 12 Maroondah Highway Ringwood VIC 3134 Tel: (+61 3) 9938 0150 Fax: (+61 3) 9879 3180 Email: [email protected]

Dandenong – Southern Metropolitan RegionLevel 6, 165-169 Thomas Street Dandenong VIC 3175 Tel: (+61 3) 9938 0100 Fax: (+61 3) 9794 5644 Email: [email protected]

Tottenham – Western Metropolitan RegionLevel 1, 67 Ashley Street Tottenham VIC 3012 Tel: (+61 3) 9334 1300 Fax: (+61 3) 9334 1301 Email: [email protected]

REGIONAL VGBOs

Bairnsdale - by appointment only574 Main Street Bairnsdale VIC 3875 Tel: (+61 3) 5152 0600 Email: [email protected]

APPENDIX 19 CONTACT DETAILS


04 APPENDICES

WangarattaWangaratta Government Centre 1st Floor, 62 Ovens Street Wangaratta VIC 3677 Tel: (+61 3) 5722 7101 Fax: (+61 3) 5722 7109 Email: [email protected]

WarrnamboolOld Police Station South West TAFE Gilles Street Warrnambool VIC 3280 Tel: (+61 3) 5561 4135 Fax: (+61 3) 5561 3851 Email: [email protected]

Wodonga111-113 Hume Street Wodonga VIC 3689 Tel: (+61 2) 6059 0200 Fax: (+61 2) 6059 0250 Email: [email protected]

INTERNATIONAL VGBOs

invest.vic.gov.au

San FranciscoUSA 575 Market Street Suite 375 San Francisco CA 94105 United States of America Tel: (+1 415) 856 0552 Fax: (+1 415) 856 0517 Email: [email protected]

ChicagoUSA 161 N Clarke Street Ste 4700 Chicago IL 60601-3201 United States of America Tel: (+1 312) 523 2116 Fax: (+1 312) 523 2001 Email: [email protected]

Robinvale – by appointment only50 Herbert Street Robinvale VIC 3549 Tel: (+61 3) 5026 3798 Email: [email protected]

Sale – by appointment only66 Foster Street Sale VIC 3850 Tel: (+61 3) 5142 0200 Fax: (+61 3) 5142 0201 Email: [email protected]

Seymour – by appointment onlyLevel 2, 8-10 Elizabeth Street Seymour Vic 3660 Tel: (03) 5799 0573 Email: [email protected]

Shepparton79a Wyndham Street Shepparton VIC 3632 Tel: (+61 3) 5895 4100 Fax: (+61 3) 5822 2554 Email: [email protected]

Swan HillC/O - Department of Environment and Primary Industries 324 Campbell Street Swan Hill VIC 3585 Tel: (+61 3) 5036 4823 Fax: (+61 3) 5032 9682 Email: [email protected]

Traralgon33 Breed Street Traralgon VIC 3844 Tel: (+61 3) 5116 7300 Fax: (+61 3) 5175 0324 Email: [email protected]

Traralgon – Planning and Development71 Hotham Street Traralgon VIC 3844 Tel: (+61 3) 5172 2533 Email: [email protected]


04 APPENDICES

Nanjing People’s Republic of China Room 1164, World Trade Centre Jinling Hotel 2 Hanzhong Road, Nanjing 210005 China Tel: (+86 25) 8470 1231 Fax: (+86 25) 8470 9821 Email: [email protected]

Hong Kong People’s Republic of China 2108 Harbour Centre 25 Harbour Road, Wanchai Hong Kong Tel: (+852) 2587 1133 Fax: (+852) 2802 9675 Email: [email protected]

TokyoJapan Level 13, Fukoku Seimei Building 2-2-2 Uchisaiwai-cho, Chiyoda-ku Tokyo 100-0011 Japan Tel: (+81 3) 3519 3371 Fax: (+81 3) 3519 3375 Email: [email protected]

Kuala LumpurMalaysia Suite 23.1, Level 23 Menara IMC 8 Jalan Sultan Ismail 50250 Kuala Lumpur Malaysia Tel: (+60 3) 2055 1502 Fax: (+60 3) 2055 1489 Email: [email protected]

JakartaIndonesia World Trade Centre Metropolitan Complex 1, Level 8 Jl. Jend. Sudirman kav 29-31 Jakarta, 12920 Indonesia Tel: (+62 21) 521 1228 Fax: (+62 21) 521 1229 Email: [email protected]

New YorkUSA 330 Madison Avenue FL6 New York NY 10017-5041 United States of America Tel: (+1 212) 573 0955 Fax: (+1 212) 573 0957 Email: [email protected]

WashingtonUSA 2011 Crystal Drive Ste 400 ive Arlington VA 22202-3709 United States of America Tel: (+1 703) 682 6830

ShanghaiPeople’s Republic of China Suite 620, Shanghai Center 1376 Nanjing Road West Shanghai 200040 China Tel: (+86 21) 6279 8681 Fax: (+86 21) 6279 8685 Email: [email protected]

Beijing People’s Republic of China Unit 2, Level 2, Office Tower C2 The Towers, Oriental Plaza No. 1 East Chang An Avenue Dong Cheng District, Beijing 100738 China Tel: (+86 10) 8515 3166 Fax: (+86 10) 8518 2080 Email: [email protected]

Chengdu People’s Republic of China Room 1738, Level 17, Raffles City Tower 2, No. 3 Section 4, South Renmin Road, Wuhou District, Chengdu 610041 China Tel: (+86 28) 6511 8108 Fax: (+86 28) 6511 8107


04 APPENDICES

BangaloreIndia Level 1, Pride Elite Building 10 Museum Road Bangalore 560 001 India Tel: (+91 80) 4122 7560 Fax: (+91 80) 4122 7569 Email: [email protected]

MumbaiIndia Level 8, 227 Backbay Reclamation Nariman Bhavan, Nariman Point Mumbai 400021 India Tel: (+91 22) 6142 4300 Email: [email protected]

LondonUnited Kingdom Victoria House, Melbourne Place, Strand London WC2B 4LG United Kingdom Tel: (+44 20) 7836 2656 Fax: (+44 20) 7240 6025 Email: [email protected]

FrankfurtGermany Mainzer Landstrasse 49 D-60329 Frankfurt Germany Tel: (+49 69) 308 55070 Fax: (+49 69) 308 55100 Email: [email protected]

DubaiUnited Arab Emirates and North Africa Office 111, First Floor Emarat Atrium Sheikh Zayed Road PO Box 58004, Dubai United Arab Emirates Tel: (+97 14) 321 2600 Fax: (+97 14) 321 2700 Email: [email protected]

APPENDIX 20 DEPARTMENTAL ACRONYMS

ALDP Advanced Lignite Demonstration Program

AMI Advanced Metering Infrastructure

BVO Business Victoria Online

CBD Central Business District

CEO Chief Executive Officer

DSDBI Department of State Development, Business and Innovation

DTF Department of Treasury and Finance

EO Executive Officer

ETIS Energy Technology Innovation Strategy

FRD Financial Reporting Direction

FTE Full-time Equivalent

GRIIF Geelong Regional Innovation and Investment Fund

ICT Information and Communication Technology

IES International Education Strategy for Victoria 2013-2018

ISP Investment Support Program

IVP Innovation Voucher Program

LEET Low Emission Energy Technologies

LVIER Latrobe Valley Industry and Employment Roadmap

MNIIF Melbourne North Innovation and Investment Fund

MDV Minerals Development Victoria

MOG Machinery of Government

MOU Memorandum of Understanding

MPN Manufacturing Productivity Networks

MPV Major Projects Victoria

OH&S Occupational Health and Safety

OSD Office of State Development

PBSP Powerline Bushfire Safety Program

RCT Remote Control Tourist

RDV Regional Development Victoria

RGF Regional Growth Fund

R&D Research and Development

SME Small and Medium Enterprises

SMM Senior Management Meeting

STM Super Trade Mission

UAE United Arab Emirates

UK United Kingdom

USA United States of America

VEMTC Victorian Emergency Management Training Centre

VGBO Victorian Government Business Office

VIPP Victorian Industry Participation Policy

VIEA Victorian International Education Awards

VPS Victorian Public Sector

VWIIB Victorian Women in International Business

WoVG Whole-of-Victorian Government

YES Youth Employment Scheme

DSDBI ANNUAL REPORT 2013-14

This 2013-14 Annual Report covers the Department of State Development, Business and Innovation, an individual entity.

Published by the Department of State Development, Business and Innovation. October 2014. Also published on dsdbi.vic.gov.au

Content coordination, design and production

Strategic Communication and Marketing Branch Department of State Development, Business and Innovation

Print managed by Finsbury Green. This document is printed on Envi Recycled which will help reduce global greenhouse gas emissions by more than 363 kgs CO2-e. This locally-made product is certified carbon neutral under the Australian Government’s National Carbon Offset Standard.

363 kgsCO2-eSaved

Photography

Images courtesy of Energy and Earth Resources, Brand Victoria, Major Projects Victoria and Shutterstock Images

If you would like to receive this publication in an alternative format, please email [email protected]

This document is also available in an accessible format on the internet at dsdbi.vic.gov.au

© Copyright State of Victoria 2014. This publication is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968.

Authorised by the Victorian Government, Department of State Development, Business and Innovation 121 Exhibition Street, Melbourne VIC 3000 Postal Address: PO Box 4509, Melbourne VIC 3001

Tel: 1300 366 356

ISSN 2202-6924 (Print) ISSN 2202-7440 (Online)

DSDBI 6823

DEPARTMENT OF STATE

DEVELOPMENT BUSINESS AND

INNOVATION ANNUAL REPORT

2013-14

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