AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS
CENTRE
Section 1: Entity overview and resources
1.1
STRATEGIC DIRECTION STATEMENT
The Australian Transaction Reports and Analysis Centre (AUSTRAC) is Australia’s
financial intelligence unit with regulatory responsibility for anti-money laundering
and counter-terrorism financing (AML/CTF). AUSTRAC strives to be a global leader
in AML/CTF and the primary source for financial intelligence in Australia. AUSTRAC
collects and transforms financial information into actionable intelligence that is used to
assist in the disruption, investigation and prosecution of serious criminal activity,
including money laundering, terrorism financing, organised crime and tax evasion.
These efforts directly contribute to protecting Australia’s economy and financial
system and safeguarding its security.
Throughout 2016–17, AUSTRAC will continue to disseminate actionable intelligence
on entities and networks of interest to its partners. AUSTRAC’s outputs will continue
to have an emphasis on money laundering and terrorism financing as part of regional
and global efforts to combat these threats. In collaboration with partners, AUSTRAC
will build upon the system enhancements made in recent years, to further exploit the
increasing information and data holdings available.
AUSTRAC’s engagement with the private sector during 2016–17 will be underpinned
by a strong innovation agenda and collaborative approach to countering terrorism
financing and money laundering. AUSTRAC will pursue greater recognition of those
private sector businesses that support and are conforming with AML/CTF regulation
in this country, and foster better regulation.
AUSTRAC will closely engage with stakeholders including financial technology
start-ups that are involved in the digital transformation of the financial services and
payments sectors in Australia. In 2016–17, AUSTRAC will explore opportunities for
the application of regulatory safeguards in the development cycle of various
transformation technologies, ultimately reducing the regulatory burden on current and
future regulated businesses. AUSTRAC will work with stakeholders to understand
and realise the potential of new technologies.
In relation to regulatory responsibilities, AUSTRAC will undertake a number of
initiatives in 2016–17 that are centred on continuous improvement in its approach to
supervision of regulated entities. This work will also respond to areas of improvement
suggested by the Financial Action Task Force (FATF) in its mutual evaluation of
Australia’s AML/CTF regime that was undertaken during 2014–15.
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AUSTRAC is in the process of enhancing its supervisory risk model. This will advance
AUSTRAC’s capability to identify issues, prioritise activities, craft responses to issues
and evaluate whether it is achieving the desired impact.
By continuing to engage with industry and refining its supervisory risk model,
AUSTRAC will continue to minimise compliance costs and the impact of regulatory
changes.
In relation to serious non-compliance in 2016–17, AUSTRAC will focus efforts on
responding to serious breaches, ranging from single entities to widespread risks or
threats within industry and significant breakdowns in reporting.
In 2016–17, AUSTRAC will work closely with the Attorney-General’s Department to
implement the reforms arising from the statutory review of the Anti-Money Laundering
and Counter-Terrorism Financing Act 2006. This will deliver an AML/CTF regime that
meets the needs of modern Australian businesses operating in the face of disruptive
new technologies and rapidly changing consumer needs and business models.
AUSTRAC will also expand its international footprint, which forms a key part of the
agency’s strategic direction. This expansion will enable AUSTRAC to build and
enhance international relationships, increase influence with partners through active
collaboration, improve cooperation and coordination with international partners, and
improve access and exchange of information, intelligence and capabilities.
Australia and AUSTRAC have an extensive history of proactivity in the international
AML/CTF environment. In 2016–17, AUSTRAC will continue its strong international
involvement by chairing the Information Exchange Working Group of the Egmont
Group of Financial Intelligence Units (now 155 countries strong) and co-chairing the
FATF Risk, Trends and Methods Group.
AUSTRAC and its Indonesian counterpart PPATK will work with regional
counterparts to produce a regional risk assessment on terrorism financing in 2016–17,
which will be an important contribution to the global efforts to combat terrorism
financing. This assessment acknowledges that terrorism is a transnational problem,
requiring transnational collaboration and responses. This regional cooperation will
strengthen existing relationships and forge new and closer relationships in the future.
AUSTRAC will continue to provide technical assistance and training to a range of
overseas financial intelligence units and other agencies in the region.
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1.2
ENTITY RESOURCE STATEMENT
Table 1.1 shows the total funding from all sources available to AUSTRAC for its
operations and to deliver programs and services on behalf of the government.
Table 1.1 is prepared on a resourcing (appropriations and cash available) basis, while
the outcome expenses table in section 2 and the financial statements in section 3 are
prepared on an accrual basis.
Table 1.1: Entity resource statement—Budget estimates for 2016–17 as at
Budget May 2016
DEPARTMENTAL
Annual appropriations—ordinary annual services(a)
Prior year appropriations available
Departmental appropriation
s 74 retained revenue receipts(b)
Departmental capital budget(c)
Annual appropriations—other services—non-operating(d)
Equity injection
Total net resourcing for entity
2015–16
Estimated
actual
$’000
2016–17
Estimate
$’000
13,328
55,925
4,683
3,105
10,728
57,574
2,235
3,094
4,750
81,791
10,200
83,831
2015–16
2016–17
Average staffing level (number)
281
302
Prepared on a resourcing (appropriations and cash available) basis.
Note: All figures are GST exclusive and may not match figures in the cash flow statement.
(a) Appropriation Bill (No. 1) 2016–17.
(b) Estimated retained revenue receipts under section 74 of the Public Governance, Performance and
Accountability Act 2013.
(c) Departmental capital budgets are not separately identified in Appropriation Bill (No. 1) and form part of
ordinary annual services items. See Table 3.5 for further details. For accounting purposes, this amount is
designated as ‘contributions by owners’.
(d) Appropriation Bill (No. 2) 2016–17.
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1.3
BUDGET MEASURES
Measures announced in the 2015–16 Mid-Year Economic and Fiscal Outlook (MYEFO)
and other measures not previously reported in a portfolio statement are summarised
in Part 2 of Table 1.2.
Table 1.2: Entity 2016–17 Budget measures
Part 1: Measures announced since the 2015–16 MYEFO
AUSTRAC has no new post-MYEFO measures.
Part 2: MYEFO measures and other measures not previously reported in a
portfolio statement
Program
Revenue measures
AUSTRAC—industry
contribution
Administered revenue
Total revenue measures
2015–16
$’000
2016–17
$’000
2017–18
$’000
2018–19
$’000
2019–20
$’000
–
–
6,718
6,718
–
–
–
–
–
–
1.1
Expense measures
Public Sector Savings—
Enterprise Resource Planning
Systems(a)
1.1
Departmental expenses
–
–
(26)
(32)
(32)
Public Sector Savings—Shared
and Common Services
Programme(b)
1.1
Departmental expenses
–
(51)
(102)
(102)
–
Public Sector Superannuation
Accumulation Plan
administration fees(c)
1.1
Departmental expenses
(21)
(21)
(21)
(21)
(21)
Total expense measures
(21)
(72)
(149)
(155)
(53)
Prepared on a Government Finance Statistics (fiscal) basis. Figures displayed as a negative represent a
decrease in funds, and figures displayed as a positive represent an increase in funds.
(a) This is a cross-portfolio measure that was published in Budget Paper No. 2 2015–16. The lead entity is
the Department of Finance.
(b) This is a cross-portfolio measure that was published in the 2015–16 MYEFO. The lead entity is the
Department of Finance.
(c) This is a cross-portfolio measure that was published in the 2014–15 MYEFO. The lead entity is the
Department of Finance.
1.4
CHANGES TO OUTCOME AND PROGRAM STRUCTURE
Table 1.3: Outcome change
Outcome 1
The protection of the financial system from criminal abuse through
actionable financial intelligence and collaboration with domestic and
international partners
Description of change:
New outcome, created for Budget 2016–17; supersedes the old Outcome 1
Old statement:
A financial environment hostile to money laundering, financing of terrorism, major
crime and tax evasion through industry regulation and the collection, analysis and
dissemination of financial intelligence
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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. Commonwealth programs are the
primary vehicle by which government entities achieve the intended results of their
outcome statements. Entities are required to identify the programs that contribute to
government outcomes over the budget and forward years.
AUSTRAC outcome is described below together with its related program.
Note: From 1 July 2015, performance reporting requirements in the Portfolio Budget
Statements sit alongside the requirements under the enhanced Commonwealth
performance framework. It is anticipated that the performance criteria described in
Portfolio Budget Statements will be read with broader information provided in an
entity’s corporate plans and annual performance statements—included in annual
reports from October 2016—to provide the entity’s complete performance story.
2.1
BUDGETED EXPENSES AND PERFORMANCE FOR OUTCOME 1
Outcome 1: The protection of the financial system from criminal abuse
through actionable financial intelligence and collaboration with domestic and
international partners
Budgeted expenses for Outcome 1
Table 2.1 shows how much AUSTRAC intends to spend (on an accrual basis) on
achieving Outcome 1, broken down by program and by administered and
departmental funding sources.
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Table 2.1: Budgeted expenses for Outcome 1
Program 1.1: AUSTRAC
Departmental expenses
Departmental appropriation
s 74 retained revenue receipts(a)
Expenses not requiring appropriation in
the budget year(b)
Total expenses for Outcome 1
2015–16
Estimated
actual
$’000
2016–17
Budget
$’000
2017–18
Forward
estimate
$’000
2018–19
Forward
estimate
$’000
2019–20
Forward
estimate
$’000
55,925
4,683
57,574
2,235
60,720
1,693
61,589
1,003
59,184
–
8,878
69,486
8,542
68,351
7,123
69,536
6,822
69,414
6,573
65,757
2015–16
2016–17
Average staffing level (number)
281
302
Note: Departmental appropriation splits and totals are indicative estimates and may change in the course of
the budget year as government priorities change.
(a) Estimated expenses incurred in relation to receipts retained under section 74 of the Public Governance,
Performance and Accountability Act 2013.
(b) Expenses not requiring appropriation in the budget year are made up of depreciation and amortisation
expenses and audit fees.
Performance criteria for Outcome 1
Table 2.2 details the performance criteria for the program associated with Outcome 1.
It also summarises how the program is delivered.
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Table 2.2: Performance criteria for Outcome 1
Outcome 1: The protection of the financial system from criminal abuse through actionable
financial intelligence and collaboration with domestic and international partners
Program 1.1: AUSTRAC
The objective of program 1.1 is to detect, deter and disrupt money laundering and terrorism financing
risks and threats that affect Australia’s financial system, and to contribute to the growth of Australia’s
economy.
Purposes(a)
To discover, understand and disrupt money laundering and terrorism financing threats
and risks.
Delivery
AUSTRAC will deliver its outcome by harnessing collaboration and innovation within its
compliance, intelligence, international and policy activities at the domestic and
international levels. Industry partners from financial services, gambling, bullion and
remittance services, and state, Commonwealth and international partner agencies and
other bodies, benefit from these activities.
AUSTRAC’s key delivery strategies include:
•
development of an intelligence-led centre of excellence in collaboration with the
private sector
•
development of AUSTRAC’s domestic and international footprint to enhance the
agency’s influence in the global financial intelligence and AML/CTF community
•
improvements to the AML/CTF model for better regulation through harnessing
collaboration and innovation with national and international government entities and
the private sector.
Performance information
Year
Performance criteria
Targets
2015–16
Supervision
AUSTRAC is on track to deliver
on its performance criteria.
An increase in the number of reporting entities that
submit transaction reports to AUSTRAC(b)
An increase in the overall number of, and
improvement in the quality of, transaction reports
submitted by regulated entities to AUSTRAC(b)
An increase in the number of regulated entities that
self-identify that they have an AML/CTF program in
place
Rectification of identified non-compliance by
reporting entities to address potential vulnerabilities
in Australia’s AML/CTF regime
An increase in the effectiveness of reporting
entities’ AML/CTF programs
Intelligence
The ongoing value to partner agency and taskforce
operations of financial intelligence products
produced by AUSTRAC
Increased targeted financial intelligence exchange,
which indicates the effectiveness of AUSTRAC’s
international exchange instruments and the value of
its financial intelligence
The effectiveness of AUSTRAC’s international
technical assistance and training, as measured by
the internationally accepted indicator of delivered
outcomes against agreed program objectives and
budget
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Information relating to
performance criteria and targets
will be published in the annual
performance statement in the
2015–16 annual report.
Australian Transaction Reports and Analysis Centre
Program 1.1: AUSTRAC (continued)
Performance information
Year
Performance criteria
Targets
2016–17(c)
Discover
Conduct a baseline stakeholder
survey of national and
international partners and
industry to measure their
assessment of AUSTRAC’s
effectiveness in aiding them to
achieve their outcomes
Effectiveness of a domestic and international
information exchange network to detect and
monitor existing and emerging money laundering
and terrorism financing threats
Understand
The ongoing value to domestic and international
partner agencies, taskforces and industry of
financial intelligence capability, information and
intelligence products produced by AUSTRAC
Disrupt
The effectiveness of AUSTRAC’s operations in
protecting revenue, supporting the prevention and
disruption of money laundering and terrorism
financing, and influencing policy and law reform
2017–18 and
beyond
As per 2016–17.
Targets for 2017–18 and beyond
will be influenced by feedback in
the baseline stakeholder survey
conducted in 2016–17.
(a) Refers to updated purposes that will be reflected in the 2016–20 AUSTRAC corporate plan.
(b) Numbers to be published in the 2015–16 AUSTRAC annual report.
(c) New or modified performance criteria and targets are shown in italics.
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Section 3: Budgeted financial statements
This section presents budgeted financial statements that provide a comprehensive
snapshot of entity finances for the 2016–17 budget year, including the impact of budget
measures and resourcing.
3.1
DIFFERENCES BETWEEN ENTITY RESOURCING AND FINANCIAL
STATEMENTS
AUSTRAC was appropriated for $4.75m through an equity injection (Appropriation
Act No. 2) in 2015–16. Approval has been granted to move $3.40m of that funding from
2015–16 to 2017–18.
3.2
ANALYSIS OF BUDGETED FINANCIAL STATEMENTS
Departmental income statement
Revenue from government in 2016–17 is $57.574m, which is an increase of $1.649m
when compared to 2015–16 ($55.925m). The increase is primarily due to the budget
measure Strengthening the integrity of welfare payments, which was reported in the
2015–16 Portfolio Budget Statements.
Administered
Revenue administered on behalf of government, as reported in Table 3.7, is collected
by AUSTRAC through the AUSTRAC industry contribution arrangement. The amount
is calculated as a percentage of AUSTRAC’s operating costs, including amortisation
and annual depreciation costs of assets. In 2016–17, AUSTRAC’s administered
revenues are expected to increase to $65.956m from $58.178m in 2015–16. This is due to
an increase in the proportion of AUSTRAC’s operating costs to be recovered under the
industry contribution arrangement, from 90% in 2015–16 to 100% in 2016–17. The
change was announced by the government as part of the 2015–16 MYEFO.
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3.3
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
2016–17
Budget
$’000
2017–18
Forward
estimate
$’000
2018–19
Forward
estimate
$’000
2019–20
Forward
estimate
$’000
36,496
24,272
8,718
69,486
36,691
23,278
8,382
68,351
37,475
25,098
6,963
69,536
37,442
25,310
6,662
69,414
35,259
24,085
6,413
65,757
4,683
4,683
2,235
2,235
1,693
1,693
1,003
1,003
–
–
160
160
160
160
160
160
160
160
160
160
Total own-source income
Net cost of (contribution by) services
4,843
64,643
2,395
65,956
1,853
67,683
1,163
68,251
160
65,597
Revenue from government
Surplus (deficit) attributable to the
Australian Government
55,925
57,574
60,720
61,589
59,184
EXPENSES
Employee benefits
Suppliers
Depreciation and amortisation
Total expenses
LESS:
OWN-SOURCE INCOME
Own-source revenue
Other
Total own-source revenue
Gains
Other
Total gains
(8,718)
(8,382)
(6,963)
(6,662)
(6,413)
OTHER COMPREHENSIVE INCOME
Changes in asset revaluation surplus
Total other comprehensive income
–
–
–
–
–
–
–
–
–
–
Total comprehensive income (loss)
(8,718)
(8,382)
(6,963)
(6,662)
(6,413)
Total comprehensive income (loss)
attributable to the Australian
Government
(8,718)
(8,382)
(6,963)
(6,662)
(6,413)
2015–16
$’000
2016–17
$’000
2017–18
$’000
2018–19
$’000
2019–20
$’000
–
–
–
–
–
8,382
6,963
6,662
6,413
(8,382)
(6,963)
(6,662)
(6,413)
Note: Impact of net cash appropriation arrangements
Total comprehensive income (loss)
excluding depreciation/amortisation
expenses previously funded through
revenue appropriations
Less depreciation/amortisation expenses
previously funded through revenue
appropriations
8,718
Total comprehensive income (loss) as
per the statement of comprehensive
income
(8,718)
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
2016–17
Budget
$’000
2017–18
Forward
estimate
$’000
2018–19
Forward
estimate
$’000
2019–20
Forward
estimate
$’000
ASSETS
Financial assets
Cash and cash equivalents
Trade and other receivables
Total financial assets
1,818
11,284
13,102
1,818
11,284
13,102
1,818
11,284
13,102
1,818
11,284
13,102
1,818
11,284
13,102
Non-financial assets
Property, plant and equipment
Intangibles
Other non-financial assets
Total non-financial assets
10,766
16,521
2,935
30,222
13,455
18,744
2,935
35,134
11,568
22,191
2,935
36,694
9,327
21,519
2,935
33,781
7,474
20,136
2,935
30,545
Total assets
43,324
48,236
49,796
46,883
43,647
LIABILITIES
Payables
Suppliers
Other payables
Total payables
Provisions
Employee provisions
Other provisions
Total provisions
Total liabilities
1,406
3,541
4,947
1,406
3,541
4,947
1,406
3,541
4,947
1,406
3,541
4,947
1,406
3,541
4,947
10,153
448
10,601
15,548
10,153
448
10,601
15,548
10,153
448
10,601
15,548
10,153
448
10,601
15,548
10,153
448
10,601
15,548
Net assets
27,776
32,688
34,248
31,335
28,099
63,739
3,994
(39,957)
27,776
77,033
3,994
(48,339)
32,688
85,556
3,994
(55,302)
34,248
89,305
3,994
(61,964)
31,335
92,482
3,994
(68,377)
28,099
Total equity
27,776
Prepared on Australian Accounting Standards basis.
32,688
34,248
31,335
28,099
EQUITY
Parent entity interest
Contributed equity
Reserves
Retained surplus (accumulated deficit)
Total parent entity interest
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Table 3.3: Departmental statement of changes in equity—summary of movement
(budget year 2016–17)
Opening balance as at 1 July 2016
Balance carried forward from previous period
Adjustment for changes in accounting policies
Adjusted opening balance
Comprehensive income
Surplus (deficit) for the period
Total comprehensive income
Of which:
Attributable to the Australian Government
Transactions with owners
Contributions by owners
Equity injection—appropriation
Departmental capital budget
Sub-total transactions with owners
Retained
earnings
$’000
Asset
revaluation
reserve
$’000
Contributed
equity/
capital
$’000
Total
equity
$’000
(39,957)
–
(39,957)
3,994
–
3,994
63,739
–
63,739
27,776
–
27,776
(8,382)
(8,382)
–
–
–
–
(8,382)
(8,382)
(8,382)
–
–
(8,382)
–
–
–
–
–
–
10,200
3,094
13,294
10,200
3,094
13,294
3,994
77,033
32,688
3,994
77,033
32,688
Estimated closing balance
as at 30 June 2017
(48,339)
Closing balance attributable to the
Australian Government
(48,339)
Prepared on Australian Accounting Standards basis.
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Table 3.4: Budgeted departmental statement of cash flows (for the period ended
30 June)
2015–16
Estimated
actual
$’000
2016–17
Budget
$’000
2017–18
Forward
estimate
$’000
2018–19
Forward
estimate
$’000
2019–20
Forward
estimate
$’000
OPERATING ACTIVITIES
Cash received
Appropriations
Net GST received
Other
Total cash received
58,525
2,200
2,083
62,808
57,574
2,200
2,235
62,009
60,720
2,200
1,693
64,613
61,589
2,200
1,003
64,792
59,184
2,200
–
61,384
Cash used
Employees
Suppliers
Total cash used
36,496
26,312
62,808
36,691
25,318
62,009
37,475
27,138
64,613
37,442
27,350
64,792
35,259
26,125
61,384
–
–
–
–
–
4,455
4,455
13,294
13,294
8,523
8,523
3,749
3,749
3,177
3,177
(4,455)
(13,294)
(8,523)
(3,749)
(3,177)
4,455
4,455
13,294
13,294
8,523
8,523
3,749
3,749
3,177
3,177
4,455
13,294
8,523
3,749
3,177
–
–
–
–
–
1,818
1,818
1,818
1,818
1,818
1,818
1,818
1,818
Net cash from (used by) operating
activities
INVESTING ACTIVITIES
Cash used
Purchase of property, plant and
equipment and intangibles
Total cash used
Net cash from (used by) investing
activities
FINANCING ACTIVITIES
Cash received
Contributed equity
Total cash received
Net cash from (used by) financing
activities
Net increase (decrease) in cash held
Cash and cash equivalents at the
beginning of the reporting period
1,818
Cash and cash equivalents at the end
of the reporting period
1,818
Prepared on Australian Accounting Standards basis.
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Table 3.5: Departmental capital budget statement (for the period ended 30 June)
2015–16
Estimated
actual
$’000
2016–17
Budget
$’000
2017–18
Forward
estimate
$’000
2018–19
Forward
estimate
$’000
2019–20
Forward
estimate
$’000
NEW CAPITAL APPROPRIATIONS
Capital budget—Bill 1 (DCB)
Equity injections—Bill 2
Total new capital appropriations
3,105
4,750
7,855
3,094
10,200
13,294
3,123
2,000
5,123
3,149
600
3,749
3,177
–
3,177
Provided for:
Purchase of non-financial assets
Total items
7,855
7,855
13,294
13,294
5,123
5,123
3,749
3,749
3,177
3,177
1,350
3,105
10,200
3,094
5,400
3,123
600
3,149
–
3,177
4,455
13,294
8,523
3,749
3,177
PURCHASE OF NON-FINANCIAL
ASSETS
Funded by capital appropriations(a)
Funded by capital appropriation—DCB(b)
Total purchases of non-financial
assets
RECONCILIATION OF CASH USED TO
ACQUIRE ASSETS TO ASSET
MOVEMENT TABLE
Total purchases
4,455
13,294
8,523
3,749
3,177
Total cash used to acquire assets
4,455
13,294
8,523
3,749
3,177
Prepared on Australian Accounting Standards basis.
DCB = departmental capital budget.
(a) Includes both current Bill 2 and prior year Act 2, 4 and 6 appropriations and special capital
appropriations.
(b) Does not include annual finance lease costs. Includes purchases from current and previous years’ DCBs.
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Table 3.6: Statement of asset movements (budget year 2016–17)
As at 1 July 2016
Gross book value
Accumulated depreciation/amortisation and impairment
Opening net book balance
Property,
plant &
equipment
$’000
Computer
software &
intangibles
$’000
Total
$’000
21,724
(10,958)
10,766
37,223
(20,702)
16,521
58,947
(31,660)
27,287
4,142
3,094
7,236
6,058
–
6,058
10,200
3,094
13,294
(4,547)
(4,547)
(3,835)
(3,835)
(8,382)
(8,382)
CAPITAL ASSET ADDITIONS
Estimated expenditure on new or replacement
assets
By purchase—appropriation equity(a)
By purchase—appropriation ordinary annual services(b)
Total additions
Other movements
Depreciation/amortisation expense
Total other movements
As at 30 June 2017
Gross book value
28,960
43,281
72,241
Accumulated depreciation/amortisation and impairment
(15,505)
(24,537)
(40,042)
Closing net book balance
13,455
18,744
32,199
Prepared on Australian Accounting Standards basis.
(a) ‘Appropriation equity’ refers to equity injection appropriations provided through Appropriation Bill (No. 2)
2016–17.
(b) ‘Appropriation ordinary annual services’ refers to funding provided through Appropriation Bill (No. 1)
2016–17 for depreciation and amortisation expenses, departmental capital budgets or other operational
expenses.
Table 3.7: Schedule of budgeted income and expenses administered on behalf of
government (for the period ended 30 June)
EXPENSES
Total expenses administered on
behalf of government
OWN-SOURCE INCOME
Non-taxation revenue
Fees and fines
Other revenue
Total non-taxation revenue
Total own-source income
administered on behalf of
government
2015–16
Estimated
actual
$’000
2016–17
Budget
$’000
2017–18
Forward
estimate
$’000
2018–19
Forward
estimate
$’000
2019–20
Forward
estimate
$’000
–
–
–
–
–
250
58,178
58,428
250
65,956
66,206
200
67,683
67,883
150
68,251
68,401
100
65,597
65,697
58,428
66,206
67,883
68,401
65,697
(58,428)
(66,206)
(67,883)
(68,401)
(65,697)
58,428
66,206
67,883
68,401
65,697
Total comprehensive income (loss)
58,428
Prepared on Australian Accounting Standards basis.
66,206
67,883
68,401
65,697
Net cost of (contribution by) services
Surplus (deficit)
193
Australian Transaction Reports and Analysis Centre
Table 3.8: Schedule of budgeted assets and liabilities administered on behalf of
government (as at 30 June)
AUSTRAC has no assets or liabilities administered on behalf of the government.
Table 3.9: Schedule of budgeted administered cash flows (for the period ended
30 June)
2015–16
Estimated
actual
$’000
2016–17
Budget
$’000
2017–18
Forward
estimate
$’000
2018–19
Forward
estimate
$’000
2019–20
Forward
estimate
$’000
OPERATING ACTIVITIES
Cash received
Fines
Other
Total cash received
Net cash from (used by) operating
activities
250
58,305
58,555
250
65,956
66,206
200
67,683
67,883
150
68,251
68,401
100
65,597
65,697
58,555
66,206
67,883
68,401
65,697
Net increase (decrease) in cash held
58,555
66,206
67,883
68,401
65,697
–
–
–
–
(66,206)
(67,883)
(68,401)
(65,697)
–
–
–
–
Cash and cash equivalents at the
beginning of the reporting period
–
Cash to Official Public Account for:
Transfers to other entities
(Finance—whole of government)
(58,555)
Cash and cash equivalents at the end
of the reporting period
–
Prepared on Australian Accounting Standards basis.
194