A
A New Tax System 2, 41, 43, 45–48,
46-47, 109
A Platform for Consultation 47
A Safer Market 86–87
A Strong Foundation 47
Abbreviations and Acronyms 235
Access and Equity 109
accident/incident reports 115
Accounting Standard Setting
Arrangements 82
accrual framework 1, 55, 97
Acquisition of Assets 178
Administered Appropriations 174
Administered Assets and Liabilities 164
Administered Cash Flows 168
Administered Remote Contingencies 202
Administered Revenues
and Expenses 162, 166
Administrative Appeals Tribunal 120
advertising 144
Agency
Appropriations 174
Assets and Liabilities 163, 178
Cash Flows 167
Revenues and Expenses 161, 174, 177
Agency and Administered Items 172
Agency Revenues and Expenses 165
Amounts Written Off 222
An International Perspective 47
Appointments to Boards 111
Asia, relations 34
Asian Development Bank 26, 28, 30, 124
Asian economic crisis 20, 30
Asia-Pacific Economic Cooperation
(APEC) 2, 26, 28, 33, 42
Economic Committee 34
Investment Experts Group 33
Sixth APEC Finance Ministers’
Meeting 33
Asset Recognition Threshold 178
Assistant Treasurer 70-71, See Portfolio Ministers
Audit Report 158–59
Audit Review Working Party 82
Audit, Audit Committee 116–19
Auditor-General 222
Australia New Zealand Bilateral Economic Relations 71
Australian Bureau of Statistics (ABS) 6, 18, 23-24, 31
Australian Business Number 47
Australian Competition and Consumer Commission (ACCC) 6, 39, 41-42, 87
Australian Competition Tribunal 42, 132
Australian Dollar Denominated
Securities 219
Australian National Audit Office
(ANAO) 31, 116
reports 118
Australian Office of Financial Management (AOFM) 5, 61, 187
Australian Prudential Regulation Authority (APRA) 4, 6, 31, 75
Australian Securities and Investments Commission (ASIC) 6, 31, 78, 82, 213
Australian Taxation Office (ATO) 6, 31, 44, 46, 48, 50, 62, 75, 105, 116
Australian Workplace Agreements 105
Average Staffing Levels 223
awards 99
B
Bad and Doubtful Debts 181
bereavement kit 106
Bills of Exchange Act 1909 81
Boards 111
Borrowing Program, Borrowings 52, 64, 183
Budget Overview and Economic Outlook 21
The 1999-2000 Budget 1, 19–21, 48, 55
building refurbishment 99, 113
business law 4
Business Law Dialogue with
New Zealand 82
Business Law Subprogram
objective, description 77
principal activities 78–83
resources 77
strategies, performance indicators 77–78
Business Regulation Advisory Group 79, 125
C
Capitalisation of Assets 190
career development 96, 110
carers’ room 106–7
Cash Flow Reconciliation 200
Centre for Global Financial Services
(CGFS) 3, 64, 75
Certified Agreement 95, 112, 118
Change Management Program 96
changes in Treasury’s functions 5
Charter of Budget Honesty 19, 54
Cheques and Payment Orders Act 1986 81
Client & Customer Service Charters
Consumer Affairs 16
Foreign Investment Review Board (FIRB) 16
Coinage Trust Account 216
Commercial Activities Fund 187, 209
Commonwealth Competitive Neutrality Complaints Office 42
Commonwealth Consumer Affairs Advisory Council 90, 125
Commonwealth Financial Counselling Program 91
Commonwealth Legislation Review
Schedule 38
Commonwealth’s Borrowing Program 64
Commonwealth-State Financial
Relations 46, 56
Commonwealth-State Housing
Agreement 55
Community and Public Sector Union 112
Community Education and Information Program 49, 118, 144
Companies and Securities Advisory Committee (CASAC) 6, 126
Company Law Review Act 1998 4, 80
conference papers 145
Consolidated Revenue Fund 187, 203
consultancies 140
consultation
State & Territory governments 90–92
with industry, business, public 46-47, 48, 51, 79-80
with staff, unions 96
Consumer Affairs Subprogram
objective, description 84
principal activities 86–92
resources 84
strategies, performance indicators 84
Consumer Education Program 88, 89
Consumer Price Index (CPI) 19, 51–52
consumer product regulation 86
Consumer Protection Legislation 90
Consumer Redress Study 88
consumer representatives 89
Corporate Developments 4
Corporate Direction and Support Subprogram
objective, description 93
principal activities 94–100
resources 93
strategies, performance indicators 93–94
Corporate Governance 81
Corporate Law Economic Reform Program (CLERP) 4, 78–80
Corporate Statement
people values 14
performance indicators, focus 13
policy outcomes, strategies 11–14
Treasury mission, 11
Corporations Legislation Amendment Act
1998 80
Council of Australian Governments (COAG) 40
courts 119
credit risk 64
Credit Risk Exposures 234-235
Cultural Gifts Program 50
Customer Service Charter 92
D
Debt 192
assistance payments 66
Debt Management Office 61
redemption 66
Debt Management Subprogram
objective, description 61
principal activities 63–66
resources 61
strategies, performance indicators 62–63
Debt Retirement Reserve Trust
Account 217
delegations 122
Department of Finance and Administration (DoFA) 62
Depreciation and Amortisation 179
Derivatives
Notional Principal Amounts 230
Transactions 184
documents, categories 149
Domestic Economy Subprogram
objective, description 17
principal activities 18–24
resources 17
strategies, performance indicators 17–18
E
economic forecasts 18, 21
economic reform 1, 34
Economic Roundup 20–22, 149
electronic commerce 87-88
Employee Assistance Program 114
Employee Entitlements
Leave 176
Separation and Redundancy 176
Superannuation 177
Employee liabilities 193
Equal Employment Opportunity
(EEO) 106
Equity 194
European Bank for Reconstruction and Development (EBRD) 26, 124
European Commission 89
Executive Board 94
Executive Remuneration 221
external representation 138
Extraordinary Items 189
F
family assistance 48
Family Tax Benefit 48
Feedback from Government and
Taxpayers 47
FEMM See South Pacific Forum Economic Minister’s Meeting
Final Budget Outcome 1997-98 54
Financial and Currency Subprogram
objective, description 72
principal activities 74–76
resources 73
strategies, performance indicators 73–74
Financial Assets, Liabilities 195, 224
Financial Assistance Grants 56
Financial Institutions
Code 3, 75
Duty 2, 56, 59
Financial Instruments 177, 224
Financial issues 3
Financial Management and Accountability Act 1997 172
Financial Reporting Council 82
Financial Sector Advisory Council 44, 73, 127, 138
financial sector, reforms & issues 75-76, 80
Financial Stability Forum 28
Financial Statements 157
Financial System Inquiry 3, 75
First Home Owner
s Scheme 57
fiscal consolidation 1
Fiscal Reporting 58
Fiscal Subprogram
objectives, description 52
principal activities 54–60
resources 52
strategies, performance indicators 53–54
Foreign Currency Denominated
Securities 219
Foreign Currency Transactions 183
Foreign Exchange Risk 231
Foreign Investment Review Board
(FIRB) 16, 68, 70, 171
fraud 116
Fraud Control Plan 116
Freedom of Information (FOI) 119, 121
Applications 129
Fringe Benefits Tax 47
funding risk 63
Future Reporting Periods 220
G
G22 28, 32
G26 31
G33 32
G7 28-29, 31-32
General Insurance Code of Conduct 87
Goods and Services Expenses 188
Goods and Services Tax (GST) 2, 46-47
GST Administration Subcommittee 57
Government inquiries 51
Government securities 192
graduate recruitment 97
Grants 52, 66, 175, 189, 193
Gross Domestic Product (GDP) 19–20
Guarantees 29, 181
H
Heads of Government 2, 56, 60
Heads of Treasuries 58
health week program 115
Heavily Indebted Poor Countries 30
home-based work 106–7
I
Industrial Democracy 112
industry codes of conduct 87
Information Technology Services 98
Outsourcing 99
Security Policy 98
Year 2000 compliance 99
Insurance 180
Intangible Assets 179
Interest Rate Exposures 232
Intergovernmental Agreement on the Reform of Commonwealth-State Financial Relations 2, 56, 60
Internal and External Scrutiny 116
Administrative Appeals Tribunal 120
Internal Treasury Bills 219
International Economic Policy Group (IEPG) 29
International Economy Subprogram
objective, description 25
principal activities 27–35
resources 25
strategies, performance indicators 26–27
International financial, crisis & issues 1-2, 27–30
International Insolvency 82
International Monetary Fund (IMF) 2, 20, 26, 28, 30, 124
New Arrangements to Borrow 2, 32
Inventories 180
Investment Subprogram
objectives, description 67
principal activities 69–71
resources 68
strategies, performance indicators 68–69
Investment Transactions Account 212
Investments
Development Banks 182
International Monetary Fund (IMF) 183
Portfolio Agencies 183
J
Joint Economic Forecasting Group 20
Joint Standing Committee on Treaties (JSCOT) 71
L
Leases 177, 192
Lloyds Deposit Trust Fund 212
Loan Consolidation and Investment
Reserve 182
Trust Account 218
Loan Council 53, 58, 171
loans 32, 192
luxury car tax 47
M
macroeconomic policy 1
major program reviews
Commonwealth-State Housing Agreement 55
private health insurance reforms 55
Quadrennial Review of Non-Government School Funding 55
Making Transparency Transparent 23,
31, 83
Managed Investments Act 1998 4, 49
Manila Framework Group 26, 30–31
market research 144
market risk 63
membership of committees, boards 138
Mid-Year Economic and Fiscal Outlook (MYEFO) 19–22
Minister for Financial Services & Regulation 3, 40, 84-85, 88-90, 125, See Portfolio Ministers
Minister for the Environment and
Heritage 90
Ministerial Correspondence 51, 98
Ministerial Council for Corporations (MINCO) 80, 82
Ministerial Council on Consumer Affairs (MCCA) 85, 89, 91
Mint See Royal Australian Mint
Mission Statement 11
Model Code of Conduct 87
Modelling 51
monetary policy 1
Mortgage Insurance Policies 184
Multilateral Agreement on Investment (MAI) 71
Multilateral Investment Guarantee
Agency 32
N
National Accounts 20, 24
National Competition Council (NCC) 6, 42
National Competition Payments 58
National Competition Policy 3, 38
National Coroners’ Information System 86
National Fiscal Outlook 53
national injury surveillance system 86
National Tax Liaison Group 44
National Transmission Network, sale 39
New Arrangements to Borrow 32
Non-financial Assets 197
Non-taxation Revenue 190
Notes to the Financial Statements 170
Numismatic Coin Sales 220
O
Occupational Health and Safety
(OH&S) 113
occupational overuse syndrome 114
OECD Committee on Fiscal Affairs 50
Office of Regulation Review 42, 136
Ombudsman 119
Organisation for Economic Co-operation & Development (OECD) 20, 22, 26, 35, 42, 44, 69, 71, 85, 88
Overview 1
P
Pacific Economies, relations 34
Pay as you go (PAYG) 47
Pay Model 112
Payments
Commonwealth 220
States and Territories 58, 183
performance based pay 105
Performance Management System 4, 13, 95–97, 112
permanent part-time policy 106
Petroleum Resource Rent Tax 50, 51
Pooled Development Fund 48, 51
Portfolio Ministers 12-13, 18, 41, 44, 45, 54, 73-74, 77, 93, 94-95, 125
Portfolio Outcome Structure 6
Portfolio Output Structure 7
Pre-Election Economic and Fiscal Outlook (PEFO) 54
Premiers’ Conferences 57
Price, Revenue Incidence Simulation Model (PRISMOD) 51
Prime Minister 2-3, 20, 28-29, 33, 44, 56-57, 82, 104, 136
Principles of Aggregation 173
product safety 86
Productivity Commission 3, 6, 40, 42
Promissory Notes 183
Provisions and Payables 193
public debt interest 63, 66
public information, speeches, conference papers 145
publications 145
R
Ralph Review See Review of Business Taxation
Reciprocal Taxation Agreement 60
Reconciliation of Agency Running
Costs 209
Reconciliation of Program and Appropriation Elements 156
Reconciliation of Revenues from Independent Sources & from Government 191
Regional Financial Centre Task
Force 73, 76
Regulation Impact Statements 136
Regulatory Advisory Committee 75
Related Party transactions 220
Reserve Bank of Australia (RBA) 20, 24, 31, 62, 65, 187
Reserved Money Fund 187, 209
Resources Received Free of Charge 174
Retirement and Income Modelling 72, 75
Revaluation 178
Revenue Replacement Payments 175, 214
Revenues from Government 173
Review of Business Taxation (RBT) 2, 43-48
Royal Australian Mint 15, 72, 76, 122, 171, 181, 216
S
SAP R/3 system 97, 117
Schedule of Commitments 169
Schedule of Contingencies 169
Self-Regulation and Electronic Commerce (A Fairer Market) 87–88
senior staff changes 103
Six Markets Groups 31
Small Business Deregulation Task
Force 136
South Pacific Forum Economic Ministers’ Meeting (FEMM) 26, 34
Special Appropriations, expenditure 205
Special Public Money 209
Specific Disclosures by Financial
Institutions 177
speeches 145
staff training 96
Staffing 101, 129
Standing Committee on Consumer
Affairs 85
State and Territory Advances 181
Statement of Significant Accounting
Policies 181
Structural Reform 3, 38–39
Structural Subprogram
objective, description 36
principal activities 38–42
resources 36
strategies, performance indicators 37
Sydney 2000 Olympic Coin Program 18
5
System of National Accounts 1993 (SNA93) 22, 24
T
Task Force on International Financial Reform 2, 23, 28, 83
Tax Expenditures Statement 44
Tax Incentive for Heritage Conservation 48
tax measures
tax deductibility, capital gains tax, ‘private funds’, Cultural Gifts Program 50
tax reform 2, 57, 109
taxation 1, 2, 39, 43-44, 46, 49-51, 59, 60, 72-74, 180
Taxation Expenditures Statement (TES) 49
Taxation Subprogram
objective, description 43
principal activities 45–51
resources 43
strategies, performance indicators 44-45
Taxation Task Force 44-46
Telstra, sale 39
The International Economic Policy
Group 29
Trade Practices Act 36, 40, 41, 85, 86, 87
Treasurer 2, 6, 11, 17, 23-28, 31-39, 40-47, 55-57, 64, 70- 80, 95, 104, 109-110, 119, 122-131, See Portfolio Ministers
Treasury
functions, changes 5
output groups 15
people values 14
Treasury Bonds 65, 219
Treasury charts
output structure 9
portfolio outcome structure 6
portfolio output structure 7
program structure 8
top management structure 9
Treasury Macroeconomic Model
(TRYM) 20
Treasury Management Model 4, 95–97, 101, 112
Treasury Mission Statement 109
Treasury Notes 65
Treasury people values 96
Treasury Program, objective, description, resources 15
Treasury Wholesale Sales Tax and Excise Revenue Price Model (TWERP) 51
Trustee Companies (ACT) Deposits Trust Fund 215
U
Unclaimed Moneys 181
United Nations (UN) 85
United Nations Commission on International Trade Law
(UNCITRAL) 83
United Nations Guidelines for Consumer Protection 90
W
wine equalisation tax 47
wool stockpile 50
working files 128
workplace agreements 105
Workplace Diversity 106–11
Workplace Relations Committee 96, 106, 110, 112
World Bank 2, 26, 28, 30, 124
Y
Year 2000 (Y2K) 87, 99