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N ATIONAL C OMPETITION C OUNCIL
- SECTION 1: ENTITY OVERVIEW AND RESOURCES
- 1.1 Strategic direction statement
- 1.2 Entity resource statement
- 1.3 Budget measures
- SECTION 2: OUTCOMES AND PLANNED PERFORMANCE
- 2.1 Budgeted expenses and performance for Outcome
- SECTION 3: BUDGETED FINANCIAL STATEMENTS
- 3.1 Budgeted financial statements......................................................................
- 3.2 Budgeted financial statements tables
1.2 E NTITY RESOURCE STATEMENT
Table 1.1 shows the total funding from all sources available to the entity for its
operations and to deliver programs and services on behalf of the Government.
The table summarises how resources will be applied by outcome (government strategic
policy objectives) and by administered (on behalf of the Government or the public) and
departmental (for the entity’s operations) classification.
For more detailed information on special accounts and special appropriations, please
refer to Budget Paper No. 4 – Agency Resourcing.
Information in this table is presented on a resourcing (that is, appropriations/cash
available) basis, whilst the ‘Budgeted expenses by Outcome 1’ tables in Section 2 and
the financial statements in Section 3 are presented on an accrual basis.
Table 1.1: National Competition Council resource statement - Budget estimates
for 2018-19 as at Budget May 2018
Estimated actual $'
Estimate
$' Departm ental Annual appropriations - ordinary annual services (a) Prior year appropriations available (b) 3,379 3, Departmental appropriation (c) 1,992 1, Total departmental annual appropriations 5,371 5, Total departmental resourcing 5,371 5, Total resourcing for the NCC 5,371 5,
2017-18 2018- Average staffing level (num ber) 1 1
Third party payments from and on behalf of other entities
Estimated actual $'
Estimate
$' Payments made by the ACCC on behalf of the NCC 1,992 1, Payments made to the ACCC for the provision of corporate and professional services (^) 850 850 Prepared on a resourcing (i.e. appropriations available) basis. Note: All figures shown above are GST exclusive - these may not match figures in the cash flow statement. (a) Appropriation Bill (No. 1) 2018-19. (b) Excludes $0.064m subject to administrative quarantine by Finance or withheld under section 51 of the Public Governance, Performance and Accountability Act 2013 (PGPA Act). (c) Excludes departmental capital budget (DCB).
1.3 B UDGET MEASURES
Budget measures in Part 1 relating to the National Competition Council are detailed in
Budget Paper No. 2 and are summarised below.
Table 1.2: Entity 2018-19 Budget measures
Part 1: Measures announced since the 2017-18 Mid-Year Economic and Fiscal
Outlook (MYEFO)
The NCC does not have any measures announced since the 2017-18 Mid-Year
Economic and Fiscal Outlook (MYEFO).
Part 2: Other measures not previously reported in a portfolio statement
Program
Expense m easures Treasury Portfolio - efficiencies (a) Departmental expenses 1.1 (18) (16) (16) (16) - Total (18) (16) (16) (16) - Reducing Pressure on Housing Affordability - a new National Housing and Homelessness Agreement (b) Departmental expenses 1.1 - - - - - Total - - - - - National Partnership on Regulatory Reform - establishment (c) Departmental expenses 1.1 332 337 2,141 2,129 - Total 332 337 2,141 2,129 - Total m easures Departmental 314 321 2,125 2,113 - Total 314 321 2,125 2,113 - Prepared on a Government Finance Statistics (fiscal) basis. Figures displayed as a negative (-) represent a decrease in funds and a positive (+) represent an increase in funds. (a) The lead entity for measure ‘Treasury Portfolio – efficiencies’ is Treasury. The full measure description and package details appear in MYEFO under the Treasury portfolio. (b) The measure was originally announced in the 2017-18 Budget and has been fully reversed by National Competition Council - not proceeding, as announced in the 2017-18 MYEFO. The above dashes reflect that the measure has no fiscal impact as it has ceased. It will instead be implemented by the Department of the Treasury under the National Housing and Homelessness Agreement from within existing resources. Refer to the MYEFO for more details. (c) The measure was originally announced in the 2017-18 Budget and has been partially reversed by Small Business Regulatory Reform Agenda - additional funding announced in the 2017-18 MYEFO. The above financial figures reflect the current net fiscal impact of the measure. Refer to the MYEFO for more details.
2.1 B UDGETED EXPENSES AND PERFORMANCE FOR OUTCOME 1
Outcome 1:
Competition in markets that are dependent on access to nationally significant
monopoly infrastructure, through recommendations and decisions promoting the
efficient operation of, use of, and investment in infrastructure.
Budgeted expenses for Outcome 1
This table shows how much the entity intends to spend (on an accrual basis) on
achieving the outcome, broken down by program, as well as by Administered and
Departmental funding sources.
Table 2.1: Budgeted expenses for Outcome 1
Estimated actual $'
Budget
$'
Forw ard estimate $'
Forw ard estimate $'
Forw ard estimate $'
Departmental expenses Departmental appropriation 1,992 1,990 3,802 3,806 2, Expenses not requiring appropriation in the Budget year (a) (^32 32 32 32 ) Departm ental total 2,024 2,022 3,834 3,838 2, Total expenses for program 1.1 2,024 2,022 3,834 3,838 2, Total expenses for Outcom e 1 2,024 2,022 3,834 3,838 2,
2017-18 2018- Average staffing level (num ber) 1 1
Program 1.1: National Com petition Council
(a) Expenses not requiring appropriation in the Budget year represent audit services received free of charge from the Australian National Audit Office (ANAO). Note: Departmental appropriation splits and totals are indicative estimates and may change in the course of the budget year as government priorities change.
Table 2.2: Performance criteria for Outcome 1
Table 2.2 below details the performance criteria for each program associated with
Outcome 1. It also summarises how each program is delivered and where 2018-
Budget measures have created new programs or materially changed existing
programs.
Outcome 1 – Competition in markets that are dependent on access to nationally
significant monopoly infrastructure, through recommendations and decisions
promoting the efficient operation of, use of, and investment in infrastructure.
Program 1.1 – The NCC’s objective is to provide advice to Governments and make decisions on infrastructure access issues that accord with statutory requirements (including time limits) and good regulatory practice, and ensuring that advice meets requirements of decision making ministers, such that Australia achieves a consistent approach to access regulation that promotes the efficient operation of, use of and investment in infrastructure thereby promoting effective competition. Delivery Program 1.1 aims to:
- Make recommendations to ministers pursuant to Part IIIA of the CCA in relation to applications for the declaration of services provided by monopoly infrastructure and the certification of state and territory access regimes;
- Make recommendations to ministers pursuant to the NGL relating to the coverage of natural gas pipelines and on price regulation and greenfields incentives;
- Make decisions pursuant to the NGL relating to the form of regulation and classification of natural gas pipelines; and
- Advise the Parliament on the operation of the National Access Regime in accordance with section 29O(2) of the CCA.
Performance information
Performance criteria 2017-18 2018-19 and forward year targets Recommendations on declaration applications are made within statutory time limits (consideration period of 180 days) and meet advice requirements of Ministers.
All recommendations are forecast to be made within the statutory time limits.
As per 2017-18.
Recommendations on certification applications are made within statutory time limits (consideration period of 180 days) and meet advice requirements of Ministers.
All recommendations are forecast to be made within the statutory time limits.
As per 2017-18.
Recommendations and decisions under the NGL made within specified time limits and recommendations under the NGL meet the advice requirements of Ministers.
All recommendations and decisions are forecast to be made within the statutory time limits.
As per 2017-18.
Accessible information on all access regulation matters for which the NCC is responsible is provided on the NCC website.
The Council website is forecast to hold all documents relevant to the Council’s functions.
As per 2017-18.
Section 3: Budgeted financial statements
Section 3 presents budgeted financial statements which provide a comprehensive
snapshot of entity finances for the 2018-19 budget year, including the impact of budget
measures and resourcing on financial statements.
3.1 B UDGETED FINANCIAL STATEMENTS
3.1.1 Differences between entity resourcing and financial statements
There are no material differences between entity resourcing and financial statements.
3.1.2 Explanatory notes and analysis of budgeted financial statements
The NCC is budgeting for a break-even operating result for 2018-19 and the forward
years. The financial statements have been prepared on an Australian Accounting
Standards basis.
The NCC is estimated to receive own source income of $8,000 in 2018-19 being fees for
applications made to it under the NGL.
The NCC’s assets are mainly financial assets consisting of appropriation receivables
and cash.
The NCC’s liabilities are mainly supplier payables. Councillor members do not receive
leave entitlements. Councillor remuneration is established through Determination
2017/10: Remuneration and Allowances for Holders of Part-time Public Office , which is set
by the Remuneration Tribunal, an independent statutory authority established under
the Remuneration Tribunal Act 1973.
3.2 B UDGETED FINANCIAL STATEMENTS TABLES
Table 3.1: Comprehensive income statement (showing net cost of services)
for the period ended 30 June
Estimated actual $'
Budget
$'
Forw ard estimate $'
Forw ard estimate $'
Forw ard estimate $' EXPENSES Employee benefits 98 124 2,255 2,249 128 Suppliers 1,926 1,898 1,579 1,589 2, Total expenses 2,024 2,022 3,834 3,838 2, LESS: OWN-SOURCE INCOME Gains Other 32 32 32 32 32 Total gains 32 32 32 32 32 Total ow n-source incom e 32 32 32 32 32 Net (cost of)/contribution by (1,992)^ (1,990)^ (3,802)^ (3,806)^ (2,336) Revenue from Government 1,992 1,990 3,802 3,806 2, Surplus/(deficit) attributable to the Australian Governm ent - - - - - Prepared on Australian Accounting Standards basis.
Table 3.2: Budgeted departmental balance sheet (as at 30 June)
Estimated actual $'
Budget
$'
Forw ard estimate $'
Forw ard estimate $'
Forw ard estimate $' ASSETS Financial assets Cash and cash equivalents (^47 47 47 47 ) Trade and other receivables 3,398 3,398 3,398 3,398 3, Total financial assets 3,445 3,445 3,445 3,445 3, Non-financial assets Other non-financial assets (^215 215 215 215 ) Total non-financial assets 215 215 215 215 215 Total assets 3,660 3,660 3,660 3,660 3, LIABILITIES Payables Suppliers 1 1 1 1 1 Other payables 1 1 1 1 1 Total payables 2 2 2 2 2 Total liabilities 2 2 2 2 2 Net assets 3,658 3,658 3,658 3,658 3, EQUITY Parent entity interest* Contributed equity 146 146 146 146 146 Retained surplus (accumulated deficit) 3,512^ 3,512^ 3,512^ 3,512^ 3, Total equity 3,658 3,658 3,658 3,658 3, *’Equity’ is the residual interest in assets after deduction of liabilities. Prepared on Australian Accounting Standards basis.
Table 3.5: Schedule of budgeted income and expenses administered on behalf of
Government (for the period ended 30 June)
Estimated actual $'
Budget
$'
Forw ard estimate $'
Forw ard estimate $'
Forw ard estimate $'
OWN-SOURCE INCOME Ow n-source revenue Non-taxation revenue Fees and fines 8 8 8 8 8 Total non-taxation revenue 8 8 8 8 8 Total ow n-source revenue adm inistered on behalf of Governm ent 8 8 8 8 8 Net cost of/(contribution by) services (8)^ (8)^ (8)^ (8)^ (8) Surplus/(deficit) 8 8 8 8 8 Prepared on Australian Accounting Standards basis.
Table 3.6: Schedule of budgeted administered cash flows (for the period ended
30 June)
Estimated actual $'
Budget
$'
Forw ard estimate $'
Forw ard estimate $'
Forw ard estimate $' OPERATING ACTIVITIES Cash received Fees 8 8 8 8 8 Total cash received 8 8 8 8 8 Net cash from /(used by) operating activities 8 8 8 8 8 Net increase/(decrease) in cash held 8 8 8 8 8 Cash and cash equivalents at beginning of reporting period -^ -^ -^ -^ -
- Transfers to other entities (Finance - Whole of Government) for: (8) (8) (8) (8) (8) Total cash to Official Public Account (8) (8) (8) (8) (8) Cash and cash equivalents at end of reporting period -^ -^ -^ -^ - Prepared on Australian Accounting Standards basis.
