Media release
FROM THE OFFICE OF THE SECRETARY
21 November 2014
RELEASE OF COSTING OF ELECTION COMMITMENT
Pursuant to section 6.45 of the 2014 Guidelines on the Caretaker Conventions the Department of
Treasury and Finance (DTF) today released the costing of the following election commitment of the
Liberal National Coalition Party of Victoria:
Coalition 066 – Increasing the availability of information for senior
Victorians
The election policy costing was completed in accordance with DTF’s Guidelines for managing
requests from a political party for costing of its own policies (the policy costing guidelines) available
at: www.dtf.vic.gov.au/election2014.
The completed costing is attached to this media release.
David Martine
Secretary
Department of Treasury and Finance
Consistent with the DTF policy costing guidelines, the contact for Parties requesting DTF costings is:
Mr Ismo Rama
Telephone: 9651 5368
Email: [email protected]
For media inquiries please contact: Mr Bruce Atherton
Telephone: 0404 097 654
Email: [email protected]
Department of Treasury and Finance
1 Treasury Place Melbourne Victoria 3002
Ph: +61 3 9651 5111 Fax: +61 3 9651 2062
Website: dtf.vic.gov.au
Election 2014 – Policy costing
Title: Increasing the availability of information for senior
Victorians
Party making the request
Name of policy
Description of policy
Date of public release of policy
Date of receipt of request
Additional information requested
(including date)
Additional information received
(including date)
Costing methodology used:
 scope of initiative;
 costing techniques;
 policy parameters;
 statistical data used; and
 behavioural assumptions used (as
appropriate).
Coalition
Increasing the availability of information for senior Victorians
The program will provide information to seniors and carers of older
people, including on mental health and preventative health
Unavailable
19 November 2014
Request for additional information on the nature of the proposed
activities on 19 November 2014.
Additional information received on 20 November 2014:
The funding will be provided to provide information to seniors and
carers of older people, including on mental health and preventative
health. The program will be managed to fit within the available funding,
and is similar to the existing program 'Increasing the availability of
information for senior Victorians'.
DTF notes that this program is similar to the 2013-14 Budget
initiative ‘Increasing the availability of information for senior
Victorians’ which funds awareness raising activities for senior
Victorians. This was funded at $0.500 million per year and lapses in
2016-17.
DTF notes that the proposal seeks to extend the current program.
DTF considers that the cost estimate is reasonable as the program is
scalable and can be managed to a fixed budget.
The cost of the proposed output initiative for the forward estimates period is set out below:
DTF costing of output initiative
2014-15
($ million)
2015-16
($ million)
2016-17
($ million)
0.000
0.000
0.100
Four year total
(2014-15 to
2017-18
2017-18)
($ million)
($ million)
0.500
0.600
The Coalition has included an estimate for 2018-19 of $0.500 million. DTF has undertaken a
costing of this figure and considers $0.500 million to be a reasonable estimate for 2018-19 and
notes that this would bring the total estimated cost of the proposal to $1.100 million over five
years.
Title: Increasing the availability of information for senior Victorians
1
DTF comments section
Where relevant, includes separate
identification of revenue, expense, asset
and liability components.
Where appropriate, includes range for
the costing or sensitivity analysis.
Caveats or qualifications to the costing.
Associated material: Copy of request as
received by DTF and any additional
information requested by DTF from
party.
Title: Increasing the availability of information for senior Victorians
2