Portfolio Budget Statements - GovCMS · Web viewPlease note: All figures shown above are GST exclusive – these may not match figures in the cash flow statement. (a)Appropriation

Tertiary Education Quality and Standards Agency

Entity resources and planned performance

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TERTIARY EDUCATION QUALITY AND STANDARDS AGENCY

Section 1: Entity overview and resources.............................................................2091.1 Strategic direction statement........................................................................2091.2 Entity resource statement............................................................................2121.3 Budget measures.........................................................................................213

Section 2: Outcomes and planned performance...................................................2142.1 Budgeted expenses and performance for Outcome 1..................................215

Section 3: Budgeted financial statements.............................................................2213.1 Budgeted financial statements.....................................................................2213.2 Budgeted financial statements tables..........................................................223

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TEQSA Budget Statements

TERTIARY EDUCATION QUALITY AND STANDARDS AGENCY

Section 1: Entity overview and resources

1.1 STRATEGIC DIRECTION STATEMENT

The Tertiary Education Quality and Standards Agency (TEQSA) is Australia’s national higher education quality assurance and regulatory agency established under the Tertiary Education Quality and Standards Agency Act 2011 (the Act). TEQSA commenced regulatory functions on 29 January 2012.

The Act confers powers and functions on TEQSA, among other things, to:

register regulated entities as registered higher education providers and accredit courses of study

conduct compliance assessments and quality assessments conduct accreditation assessments of accredited courses provide advice and make recommendations to the Minister on matters

relating to the quality or regulation of higher education providers collect, analyse, interpret and disseminate information relating to quality

assurance practice and quality improvement in higher education cooperate with similar agencies in other countries.TEQSA also has responsibility, as a designated authority under the Education Services for Overseas Students Act 2000, for English Language Intensive Course for Overseas Students (ELICOS) providers if they have an entry arrangement with a registered higher education provider, and for Foundation Programme providers.

TEQSA’s strategic prioritiesTEQSA’s vision is to be recognised in Australia and internationally for its effective, responsive and risk-reflective approach to standards based quality assurance and for the contribution it makes to sustaining the reputation of Australian higher education.

In pursuit of this vision, four key strategic priorities are identified for action over the period of the Corporate Plan:

monitor and assess the quality, risks and reputation of Australian higher education overall

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deliver efficient, effective, responsive, risk-based quality assurance and regulatory activities

build constructive and synergistic relationships with governments, higher education providers, students and other stakeholders

encourage and support effective internal quality assurance by providers.These priorities will be addressed by further enhancement of TEQSA’s annual risk assessments and increased flexibility in approaches to provider assessment. The successful case management model will be maintained and emphasis will continue to be placed on engagement and communication with higher education providers and students.

TEQSA’s development and progress After four years of regulatory activity, TEQSA has gained considerable insights into the range of providers in the Australian higher education sector and an understanding of the issues confronting them. This has been achieved through the design and refinement of our assessment processes, including a case-management approach, annual risk assessments, provider information requests and formal assessments for provider registration and course accreditation purposes.

Through tailoring of our assessment processes and evidence requirements to the context, circumstances and track record of individual providers, we have significantly reduced reporting and regulatory burdens for most providers. We have also committed more attention and resources to providers that exhibit the greatest risks to the quality of students’ learning experiences and outcomes.

One of the major activities TEQSA is currently focusing on is the new Higher Education Standards Framework (Threshold Standards) 2015, commencing on 1 January 2017. The revised framework will have a strong student focus while supporting TEQSA’s risk-based approach to performing its functions. Preparation for the transition to the new standards has progressed as planned and considerable effort will be made to ensure providers fully understand their responsibilities, while minimising the regulatory burden in applying the Framework. To achieve this, an external Standards Transition Reference Group has been established to provide advice on transition matters. New process guides and guidance notes are being developed and consultation with the sector about the application of the new standards is underway.

Looking forward, TEQSA anticipates a number of substantial changes to the higher education sector, including increasingly vigorous domestic and international competition. One driver of this is the opportunity presented by the digital revolution for providers to enhance and expand innovative

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processes and delivery. For this reason, the context within which TEQSA undertakes its core activities, and their scope and scale, is likely to reshape progressively in future years. TEQSA will continue to review its processes on a regular basis to respond to these anticipated changes.

This budget provides TEQSA with additional funding of $2.5 million a year ongoing from 1 July 2016. The extra funding will enable TEQSA to meet a projected need for additional provider registration and course accreditation activity. It will also provide TEQSA with additional capacity to investigate and respond to emerging risks, including technological and behavioural integrity threats, as the number and diversity of higher education provider organisations, course accreditation requirements and provider delivery contexts increase.

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1.2 ENTITY RESOURCE STATEMENT

Table 1.1 shows the total funding from all sources available to TEQSA for its operations, and delivery of 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 TEQSA’s operations) classification.

For more detailed information on special accounts and special appropriations, refer to Budget Paper No. 4 – Agency Resourcing.

Information in this table is presented on a resourcing (i.e. appropriations/cash available) basis, whilst the ‘Budgeted expenses by Outcome 1’ table in Section 2 and the financial statements in Section 3 are presented on an accrual basis.

Table 1.1: Tertiary Education Quality and Standards Agency resource statement — Budget Estimates for 2016–17 as at Budget May 2016

2015–16 Estimated

actual $'000

2016–17 Estimate

$'000DepartmentalAnnual appropriations - ordinary annual services (a)

Prior year appropriations available (b) 7,829 6,677Departmental appropriation 11,461 11,359s 74 retained revenue receipts (c) 238 302Departmental capital budget (d) 867 864

Total departmental annual appropriations 20,395 19,202Total departmental resourcing 20,395 19,202AdministeredSpecial Appropriations s 77 Special appropriation (e)

Total administered special appropriations (f) 200 200Total administered resourcing 200 200Total resourcing for TEQSA 20,595 19,402Average staffing level (number) 60 48Prepared on a resourcing (i.e. appropriations available) basis.Please note: All figures shown above are GST exclusive – these may not match figures in the cash flow statement. (a) Appropriation Bill (No. 1) 2016–17.(b) Excludes nil amounts subject to quarantine by Finance or withheld under section 51 of the Public

Governance, Performance and Accountability Act 2013 (PGPA Act). (c) Estimated retained revenue receipts under section 74 of the PGPA Act.(d) Departmental capital budgets are not separately identified in Appropriation Bill (No. 1) and form part of

ordinary annual services items. Please refer to Table 3.5 for further details. For accounting purposes, this amount has been designated as a 'contribution by owner’.

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(e) Estimated special appropriation under section 77 of the PGPA Act.(f) Excludes ‘Special Public Money’ held in accounts like Other Trust Monies accounts (OTM), Services for

Other Government and Non-agency Bodies accounts (SOG) or Services for Other Entities and Trust Moneys accounts (SOETM). For further information on special appropriations and special accounts, please refer to Budget Paper No. 4 – Agency Resourcing.

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1.3 BUDGET MEASURES

Budget measures in Part 1 relating to TEQSA are detailed in Budget Paper No. 2 and are summarised below.

Table 1.2: Entity 2016–17 Budget measuresPart 1: Measures announced since the 2015–16 Mid-Year Economic and Fiscal Outlook (MYEFO)

Program2015–16

$'0002016–17

$'0002017–18

$'0002018–19

$'0002019–20

$'000Expense measuresTertiary Education Quality and Standards Agency - building capacity (a) 1.1

Administered expensesDepartmental expenses 2,524 2,463 2,456 2,472

Total 2,524 2,463 2,456 2,472 Total expense measures

Departmental 2,524 2,463 2,456 2,472 Total 2,524 2,463 2,456 2,472 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 ‘Tertiary Education Quality and Standards Agency - building capacity’ is the

Department of Education and Training. The full measure description and package details appear in Budget Paper No. 2 under the Education and Training portfolio.

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Section 2: Outcomes and planned performance

Government outcomes are the intended results, impacts or consequences of actions by the Government on the Australian community. This document identifies the programs which contribute to government outcomes over the Budget and forward years.

The outcome and its related programs are described below. The following tables provide information on outcomes and programs by funding source.

From 1 July 2015, performance reporting requirements in the Portfolio Budget Statements sit alongside those required under the enhanced Commonwealth Performance Framework. The performance criteria described in these Portfolio Budget Statements should be read with broader information provided in TEQSA’s corporate plan and annual reports to provide the complete performance story.

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2.1 BUDGETED EXPENSES AND PERFORMANCE FOR OUTCOME 1

Outcome 1: Contribute to a high quality higher education sector through streamlined and nationally consistent higher education regulatory arrangements; registration of higher education providers; accreditation of higher education courses; and investigation, quality assurance and dissemination of higher education standards and performance

Budgeted expenses for Outcome 1This table shows how much TEQSA 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 2.1.1: Budgeted expenses for Outcome 1

2015–16 Estimated

actual$'000

2016–17Budget

$'000

2017–18 Forward estimate

$'000


$'000

2019–20Forward estimate

$'000

Departmental expensesDepartmental appropriation 11,461 11,359 11,305 11,355 11,434s 74 Retained revenue receipts (a) 238 302 243 244 246Expenses not requiring appropriation in the Budget year (b)

1,321 812 809 739 688

Departmental total 13,020 12,473 12,357 12,338 12,368Total expenses for program 1.1 13,020 12,473 12,357 12,338 12,368

Departmental expensesDepartmental appropriation 11,461 11,359 11,305 11,355 11,434s 74 Retained revenue receipts (a) 238 302 243 244 246Expenses not requiring appropriation in the Budget year (b) 1,321 812 809 739 688

Departmental total 13,020 12,473 12,357 12,338 12,368Total expenses for Outcome 1 13,020 12,473 12,357 12,338 12,368

2015–16 2016–17Average staffing level (number) 60 48

Outcome 1: Contribute to a high quality higher education sector through streamlined and nationally consistent higher education regulatory arrangemens; registration of higher education providers; accreditation of higher education courses; and investigation, quality assurance and dissemination of higher education standards and performance

Program 1.1: Regulation and Quality Assurance

Outcome 1 Totals by appropriation type

(a) Estimated expenses incurred in relation to receipts retained under section 74 of the PGPA Act 2013.(b) Expenses not requiring appropriation in the Budget year are made up of depreciation expenses,

amortisation expenses and external audit fees.Note: Departmental appropriation splits and totals are indicative estimates and may change in the course of the budget year as government priorities change.

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Performance criteria for Outcome 1Table 2.1.2 below details the performance criteria for each program associated with Outcome 1. It also summarises how each program is delivered and where 2016–17 Budget measures have created new programs or materially changed existing programs.

Table 2.1.2: Performance criteria for Outcome 1Outcome 1 – Contribute to a high quality higher education sector through streamlined and nationally consistent higher education regulatory arrangements; registration of higher education providers; accreditation of higher education courses; and investigation, quality assurance and dissemination of higher education standards and performance

Program 1.1 – Regulation and Quality AssuranceRegulation and quality assurance ensure that quality standards are being met by all higher education providers so that the interests of students and the reputation of Australia’s higher education sector are promoted and protected. This occurs by reference to the Higher Education Threshold Standards, which are determined by the Minister for Education and Training on advice from an independent Higher Education Standards Panel. A risk-based approach to planning and implementing assessments of provider compliance with those Standards is used.

Delivery Identify, monitor and respond to significant trends, incidents and risks to higher education that is delivered in or from Australia.

Promote the role, importance and effectiveness of Australia’s quality assurance and regulatory system in maintaining the reputation of Australian higher education domestically and overseas.

Contribute to the enhancement of the national data collection and national sharing of the data about the quality of higher education.

Further integrate risk analysis and quality assurance activities. Maintain a strong focus on the educational experiences and outcomes for students

in quality assurance. Continue to implement a program of improvement of quality assurance and

regulatory approaches involving key stakeholders. Align people, programs and processes to build organisational capability. Share data and analyses to support compliance and improvement activities. Strengthen the collaborative relationship with ASQA, the Higher Education

Standards Panel and other agencies with mutual interests both in Australia and internationally.

Consult with peak bodies and higher education providers to promote a shared understanding of TEQSA’s approach and its core functions.

Optimise TEQSA’s application of the Higher Education Standards Framework to foster internal quality assurance processes.

Provide guidance to providers on enhancing internal quality assurance.

Purpose Program 1.1 contributes to protect the interests and meet the requirements of students, higher education providers, government and the wider community through the following purposes of TEQSA: Effective oversight of the quality and reputation of Australian higher education Efficient, effective, responsive, risk-based quality assurance and regulatory activities Constructive and collaborative relationships with governments, higher education

providers and other stakeholders Effective internal quality assurance by providers

Material changes to Program 1.1 resulting from the following measure: Tertiary Education Quality and Standards Agency – building capacity

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Performance information

Year Performance criteria Targets

2015–16 a. TEQSA has effective mechanisms to identify, monitor and respond to risks to higher education across the sector.

a. Completed annual risk assessments and sector wide review of risks.

b. Enhanced levels of information about the sector are made available to the stakeholders and sector.

b. Held roundtable discussions and forums with key stakeholders. Sector provided with statistical reports.

c. Role and effectiveness of TEQSA is better understood by stakeholders nationally and internationally.

c. Held roundtable discussions, forums and engagement held with stakeholders during the year. MoUs signed with peak domestic and international bodies. International visits and staff exchanges occurred during the year.

d. TEQSA collaborates in the development of national data collections.

d. TEQSA is represented on the National Data Collection committee. Ongoing collaboration with Department of Education and Training during the consolidation of the data.

e. Consultation mechanisms and guidance resources are developed for transition to the revised Higher Education Standards Framework.

e. Mechanisms in place and guidance materials are available prior to transition to the revised Higher Education Standards Framework in January 2017.

f. Quality assurance and regulation does not unnecessarily impede the efficient operation of higher education providers.

f. Provider survey results reflect TEQSA’s efficient and effective administration of regulatory functions. ‘Core plus’ approach introduced for course accreditation, including a tailored and proportionate approach to assessments based on risks and, performance data from providers.

g. Quality assurance and regulatory actions undertaken by TEQSA are proportionate to the risks being managed, including continued streamlining and coordination of compliance and monitoring.

g. The three principles of necessity, risk and proportionality are considered by tailoring assessment for providers resulting in an increase throughput compared to previous financial year.

h. The quality assurance framework continues to be improved in consultation with stakeholders.

h. Establish Standards Transition project plan and contribute to ESOS framework review.

i. Quality assurance business processes are documented and applied consistently.

i. Regularly update and produce guidance notes and Case Management Handbook. Implement business process improvement initiatives during the year.

j. TEQSA’s communication with higher education providers is clear, targeted and effective and its dealings with higher education providers are open, transparent and consistent.

j. Provider survey and roundtable feedback reflect positive results. Positive feedback during the transition to new standards and peak bodies during the year.

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k. Increased synergies developed with other agencies and contributions to collaborative goals.

k. Effective collaboration and constructive input on thematic issues with ASQA, Department of Education and Training, and other government agencies. Increased engagement with Quality Beyond Boundaries (QBB) and other international peak bodies; establish new or renewed MoUs, including the Australian Charities and Not-for-profits Commission (ACNC) and state government agencies.

l. Effective implementation of requirements of regulatory responsibilities is achieved; including the TEQSA and ESOS Acts.

l. Completed all assessments in accordance with legislation.

m. Enhanced internal quality assurance systems are reflected in reduced regulatory burden for providers.

m. Implemented core plus, and positive Provider survey results.

n. The proportion of low risk providers is increasing.

n. An annual increase in the number of provider with self-accrediting status.

o. Enhanced capacity of providers to meet the requirements of TEQSA’s quality assurance processes.

o. Held regular and timely communication (including guidance notes) and new provider briefings during the year.

Estimated achievement against criterion.In 2015–16, TEQSA anticipates to achieve the majority of the above performance criteria.

2016–17 a. TEQSA has effective mechanisms to identify, monitor and respond to risks to higher education across the sector.

a. Complete annual risk assessments and sector wide review of the correlation between risk assessments and assessments outcome.

b. Enhanced levels of information about the sector are available to the sector and stakeholders.

b. Roundtable discussions and forums are held with key stakeholders. Sector to be provided with statistical report.

c. TEQSA engages in regular, constructive consultation with the sector, and also engages with international agencies to contribute to the development of cross-border higher education.

c. Roundtable discussions, forums and engagement held with stakeholders during the year. MoUs signed or re-signed with peak domestic and international bodies. International visits and staff exchanges to occur during the year.

d. TEQSA collaborates in the development of national data collections.

d. TEQSA continues to be represented on the data collection committee. Collaborate with the Department of Education and Training during the consolidation of collection of data. Complete whole-of-sector analysis on Provider Information Request data.

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e. Regulation and quality assurance does not unnecessarily impede the efficient operation of higher education providers.

e. Provider survey results reflect TEQSA’s efficient and effective administration of regulatory functions.Tailored and proportionate approaches are applied to all assessments undertaken during the year, based on risks and, performance data from providers.

f. TEQSA’s decisions clearly articulate the reasons for decisions, and all higher education providers have a reasonable opportunity to address matters relevant to a decision.

f. Draft summaries of findings sent to providers for response for all adverse assessment decisions.

g. Quality assurance and regulatory actions undertaken by TEQSA are proportionate to the risks being managed.

g. The three principles of necessity, risk and proportionality are considered by tailoring assessment for providers resulting in an increase throughput compared to previous financial year.

h. TEQSA’s compliance and monitoring approaches are streamlined and coordinated.

h. Productivity increase in relation to tailored assessments compared to previous financial year.

i. Effective implementation of requirements of regulatory responsibilities is achieved; including the TEQSA and ESOS Acts

i. Completed all assessments in accordance with legislation.

j. The quality assurance framework continues to be improved in consultation with stakeholders.

j. Roundtable discussions to be held, complete post implementation activities for Standards Transition project.

k. TEQSA has people with the right skills to deliver the Agency’s strategies and identifies and addresses capability gaps to enable delivery of its statutory responsibilities.

k. Implement enhanced Organisational Capability Framework.

l. Quality assurance business processes are documented and applied consistently.

l. Regular updating and production of guidance notes for providers, Case Management Handbook for staff and continued implementation business process improvement initiatives.

m. TEQSA’s communication with higher education providers is clear, targeted and effective.

n. TEQSA’s dealings with higher education providers are open, transparent and consistent

m&n. Positive Provider survey results and feedback from roundtables, transition to new standards forums and peak bodies during the year.

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o. Increased synergies developed with other agencies and contributions to collaborative goals

o. Effective collaboration and constructive input on thematic issues with ASQA, the Department of Education and Training, and other government agencies.Increased engagement with Quality Beyond Boundaries (QBB) and other international peak bodies, established new or renewed MoUs, including ACNC and state government agencies.

p. Consultation mechanisms and guidance resources are developed for transition to the revised Higher Education Standards Framework

p. Transition to the revised Higher Education Standards Framework is completed.

q. Enhanced internal quality assurance systems are reflected in reduced regulatory burden for providers.

q. Positive Provider survey results.

r. TEQSA proactively supports provider self-assurance, including the application to achieve Self Accrediting status.

r. TEQSA to correctly identify the risk status providers and provide timely and meaningful response to risks, including encouragement and support to low risk providers seeking Self Accrediting status.

2017–18 and beyond

As per 2016–17 As per 2016–17

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Section 3: Budgeted financial statements

Section 3 presents budgeted financial statements which provide a comprehensive snapshot of TEQSA’s finances for the 2016–17 Budget year, including the impact of budget measures and resourcing on financial statements.

3.1 BUDGETED FINANCIAL STATEMENTS

3.1.1 Differences between entity resourcing and financial statementsTEQSA’s resourcing as presented in Table 1.1 is directly comparable to the budgeted financial statements.

3.1.2 Explanatory notes and analysis of budgeted financial statementsAn analysis of TEQSA’s budgeted financial statements for 2016–17 is provided below.

Budgeted departmental comprehensive income statement

TEQSA is budgeting for a deficit equal to the unappropriated depreciation and amortisation expenses. This trend is expected to continue into the three forward years.

Total expenses for 2016–17 are estimated to be $12.473 million, a minor reduction from the 2015–16 estimated actual.

Revenue from Government for 2016–17 is budgeted at $11.359 million, including additional funding of $2.524 million for the new measure ‘Tertiary Education Quality Standards Agency – building capacity’. The additional funding is expected to continue into the three forward years, enabling TEQSA to effectively carry out the implementation of the new standards and its ongoing functions.

Budgeted departmental balance sheet

TEQSA has a budgeted net asset position of $5.430 million in 2016–17.

Total assets for 2016–17 are estimated to be $10.158 million, comprised mainly of $7.145 million in financial assets and $3.013 million in non-financial assets.

Total liabilities for 2016–17 are estimated to be $4.728 million, comprised mainly of $1.812 in accrued employee entitlements and $2.916 million in provisions and other payables.

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Administered Schedule of budgeted income and expenses

Total administered income is comprised of fees from regulatory services to higher education providers under partial cost recovered arrangements. TEQSA is budgeting $3.601 million in fees for 2016–17, a reduction of $0.600 million than previously budgeted. The reduced budgeted fees are a result of updating the original fees, estimated prior to TEQSA’s establishment in 2011, to better reflect the actual mix of assessment types and providers.

All fee revenue is returned to the Consolidated Revenue Fund. TEQSA does not have any administered expenses, assets or liabilities.

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3.2 BUDGETED FINANCIAL STATEMENTS TABLES

Table 3.1: Comprehensive income statement (showing net cost of services) for the period ended 30 June

2015–16 Estimated

actual$'000

2016–17Budget

$'000


$'000


$'000


$'000EXPENSESEmployee benefits 7,631 6,897 6,559 6,756 6,957Suppliers 4,590 4,799 5,023 4,874 4,752Depreciation and amortisation 767 758 755 685 634Finance costs 32 19 20 23 25Total expenses 13,020 12,473 12,357 12,338 12,368LESS: OWN-SOURCE INCOMEOwn-source revenueSale of goods and rendering of services 75 5 5 5 5Rental income 163 297 238 239 241Total own-source revenue 238 302 243 244 246GainsOther 54 54 54 54 54Total gains 54 54 54 54 54Total own-source income 292 356 297 298 300Net (cost of)/contribution by services (12,728) (12,117) (12,060) (12,040) (12,068)

Revenue from Government 11,461 11,359 11,305 11,355 11,434Surplus/(deficit) attributable to the Australian Government

(1,267) (758) (755) (685) (634)

Total comprehensive income/(loss) (1,267) (758) (755) (685) (634)Total comprehensive income/(loss) attributable to the Australian Government

(1,267) (758) (755) (685) (634)

Note: Impact of net cash appropriation arrangements2015–16

$'0002016–17

$'0002017–18

$'0002018–19

$'0002019–20

$'000Total comprehensive income/(loss) excluding depreciation/amortisation expenses previously funded through revenue appropriations.

(500) - - - -

less depreciation/amortisation expenses previously funded through revenue appropriations (a)

767 758 755 685 634Total comprehensive income/(loss) - as per the statement of comprehensive income

(1,267) (758) (755) (685) (634)

(a) From 2010–11, the Government introduced net cash appropriation arrangements where Bill 1 revenue appropriations for the depreciation/amortisation expenses of non-corporate Commonwealth entities (and select corporate Commonwealth entities) were replaced with a separate capital budget (the Departmental Capital Budget, or DCB) provided through Bill 1 equity appropriations. For information regarding DCBs, please refer to Table 3.5 Departmental Capital Budget Statement.

Prepared on Australian Accounting Standards basis.

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Table 3.2: Budgeted departmental balance sheet (as at 30 June)2015–16

Estimated actual$'000

2016–17Budget

$'000


$'000


$'000


$'000

ASSETSFinancial assets

Cash and cash equivalents 109 109 109 109 109Trade and other receivables 6,987 7,036 6,917 7,086 7,378

Total financial assets 7,096 7,145 7,026 7,195 7,487 Non-financial assets

Land and buildings 1,350 1,153 918 683 448Property, plant and equipment 467 497 432 357 317Intangibles 1,267 1,117 967 916 717Other non-financial assets 224 246 247 240 235

Total non-financial assets 3,308 3,013 2,564 2,196 1,717 Total assets 10,404 10,158 9,590 9,391 9,204 LIABILITIESPayables

Suppliers 207 216 226 219 214Other payables 1,662 1,512 1,321 1,075 779

Total payables 1,869 1,728 1,547 1,294 993 Provisions

Employee provisions 1,767 1,812 1,452 1,456 1,460Other provisions 1,444 1,188 1,049 912 778

Total provisions 3,211 3,000 2,501 2,368 2,238 Total liabilities 5,080 4,728 4,048 3,662 3,231 Net assets 5,324 5,430 5,542 5,729 5,973 EQUITY*Parent entity interest

Contributed equity 9,599 10,463 11,330 12,202 13,080Reserves 6 6 6 6 6Retained surplus (accumulated deficit) (4,281) (5,039) (5,794) (6,479) (7,113)

Total parent entity interest 5,324 5,430 5,542 5,729 5,973Total equity 5,324 5,430 5,542 5,729 5,973* Equity is the residual interest in assets after the deduction of liabilities. Prepared on Australian Accounting Standards basis.

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Table 3.3: Departmental statement of changes in equity — summary of movement (Budget year 2016–17)

Retained earnings

$'000

Asset revaluation

reserve$'000

Other reserves

$'000

Contributed equity/ capital$'000

Total equity

$'000Opening balance as at 1 July 2016

Balance carried forward from previous period (4,281) 6 - 9,599 5,324

Adjusted opening balance (4,281) 6 - 9,599 5,324Comprehensive income

Surplus/(deficit) for the period (758) - - - (758)Total comprehensive income (758) - - - (758)

of which:Attributable to the Australian Government (758) - - - (758)

Transactions with ownersContributions by owners

Departmental capital budget (DCB) - - - 864 864Sub-total transactions with owners - - - 864 864Estimated closing balance as at 30 June 2017 (5,039) 6 - 10,463 5,430

Closing balance attributable to the Australian Government (5,039) 6 - 10,463 5,430


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Table 3.4: Budgeted departmental statement of cash flows (for the period ended 30 June)

2015–16 Estimated

actual$'000

2016–17Budget

$'000


$'000


$'000


$'000

OPERATING ACTIVITIESCash received

Appropriations 11,877 10,906 11,001 10,758 10,720

Sale of goods and rendering of services 238 302 243 247 249

Net GST received 425 439 457 456 447Total cash received 12,540 11,647 11,701 11,461 11,416Cash used

Employees 8,223 6,849 6,919 6,752 6,952Suppliers 4,798 5,221 5,344 5,257 5,182

Total cash used 13,021 12,070 12,263 12,009 12,134Net cash from/(used by) operating activities (481) (423) (562) (548) (718)

INVESTING ACTIVITIESCash used

Purchase of property, plant and equipment and intangibles 430 441 305 324 160

Total cash used 430 441 305 324 160Net cash from/(used by) investing activities (430) (441) (305) (324) (160)

FINANCING ACTIVITIESCash received

Contributed equity 867 864 867 872 878Total cash received 867 864 867 872 878Net cash from/(used by) financing activities 867 864 867 872 878

Net increase/(decrease) in cash held (44) - - - -

Cash and cash equivalents at the beginning of the reporting period 153 109 109 109 109

Cash and cash equivalents at the end of the reporting period 109 109 109 109 109


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Table 3.5: Departmental capital budget statement (for the period ended 30 June)2015–16

Estimated actual$'000

2016–17Budget

$'000


$'000


$'000


$'000NEW CAPITAL APPROPRIATIONS

Capital budget - Bill 1 (DCB) 867 864 867 872 878

Total new capital appropriations 867 864 867 872 878Provided for:

Purchase of non-financial assets 430 441 305 324 160Other Items 437 423 562 548 718

Total items 867 864 867 872 878

PURCHASE OF NON-FINANCIAL ASSETS

Funded by capital appropriation - DCB (a) 430 441 305 324 160TOTAL 430 441 305 324 160RECONCILIATION OF CASH USED TO ACQUIRE ASSETS TO ASSET MOVEMENT TABLETotal purchases 430 441 305 324 160Total cash used to acquire assets 430 441 305 324 160(a) Does not include annual finance lease costs. Includes purchases from current and previous years’

Departmental Capital Budgets (DCBs).Prepared on Australian Accounting Standards basis.

Table 3.6: Statement of asset movements (Budget year 2016–17)Buildings

$'000

Other property, plant and

equipment$'000

Computer software and

intangibles$'000

Total

$'000As at 1 July 2016

Gross book value 2,042 866 2,150 5,058Accumulated depreciation/amortisation and impairment (692) (399) (883) (1,974)

Opening net book balance 1,350 467 1,267 3,084Capital asset additions

Estimated expenditure on new or replacement assetsBy purchase - appropriation ordinary annual services (a) 41 150 250 441Total additions 41 150 250 441Other movementsDepreciation/amortisation expense (238) (120) (400) (758)Total other movements (238) (120) (400) (758)

As at 30 June 2017Gross book value 2,083 1,016 2,400 5,499Accumulated depreciation/ amortisation and impairment (930) (519) (1,283) (2,732)

Closing net book balance 1,153 497 1,117 2,767(a) ‘Appropriation ordinary annual services’ refers to funding provided through Appropriation Bill (No. 1)

2016–17 for depreciation/amortisation expenses, DCBs or other operational expenses.Prepared on Australian Accounting Standards basis.

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Table 3.7: Schedule of budgeted income and expenses administered on behalf of Government (for the period ended 30 June)

2015–16 Estimated

actual$'000

2016–17Budget

$'000


$'000


$'000


$'000

OWN-SOURCE INCOMEOwn-source revenueNon-taxation revenue

Sale of goods and rendering of services 3,601 3,601 3,601 3,601 3,601

Total non-taxation revenue 3,601 3,601 3,601 3,601 3,601

Total own-source revenue administered on behalf of Government 3,601 3,601 3,601 3,601 3,601

Total own-sourced income administered on behalf of Government 3,601 3,601 3,601 3,601 3,601

Net cost of/(contribution by) services (3,601) (3,601) (3,601) (3,601) (3,601)Total comprehensive income/(loss) (3,601) (3,601) (3,601) (3,601) (3,601)Prepared on Australian Accounting Standards basis.

Table 3.8: Schedule of budgeted assets and liabilities administered on behalf of Government (as at 30 June)TEQSA returns all administered revenue to the Consolidated Revenue Fund and does not have any administered assets or liabilities. Therefore, table 3.8 is not presented.

Table 3.9: Schedule of budgeted administered cash flows (for the period ended 30 June)

2015–16 Estimated

actual$'000

2016–17Budget

$'000


$'000


$'000


$'000

OPERATING ACTIVITIESCash received

Rendering of services 3,601 3,601 3,601 3,601 3,601Total cash received 3,601 3,601 3,601 3,601 3,601Net cash from/(used by) operating activities 3,601 3,601 3,601 3,601 3,601

Net increase/(decrease) in cash held 3,601 3,601 3,601 3,601 3,601Cash and cash equivalents at beginning of reporting period - - - - -

Cash from Official Public Account for:- Appropriations 200 200 200 200 200

Total cash from Official Public Account 200 200 200 200 200

Cash to Official Public Account for:- Appropriations (3,801) (3,801) (3,801) (3,801) (3,801)

Total cash to Official Public Account (3,801) (3,801) (3,801) (3,801) (3,801)Cash and cash equivalents at end of reporting period - - - - -

230



Table 3.10: Administered capital budget statement (for the period ended 30 June)TEQSA does not have any administered capital budget, therefore table 3.10 is not presented.

Table 3.11: Statement of administered asset movements (Budget year 2016–17) TEQSA does not have any administered assets, therefore table 3.11 is not presented.

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Documents

Portfolio Budget Statements - GovCMS · Web viewPlease note: All figures shown above are GST exclusive – these may not match figures in the cash flow statement. (a)Appropriation