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4.3 REVENUE 2000-01 AND FORWARD ESTIMATES

This section outlines the draft 2000-01 budget and forward estimates for revenue items. A detailed discussion of taxation items is included.

General revenue payments from the Commonwealth are discussed in detail in Section 6.2 “Inter-governmental Financial Relations”. Specific Purpose Payments and User Charges are identified in relevant agency chapters of the Draft Agency Budget Estimates.

Overview

As shown in figure 4.3.1, a significant component of general government revenue in the ACT is Taxes, Fees and Fines, accounting for 38% of total revenue. The remainder is derived from grants from the Commonwealth, user charges, interest received and other own sources.

Figure 4.3.1

Components of General Government Revenue 2000-01

Revenue received from the Commonwealth under the Section 90 Safety Net Arrangements for petroleum, tobacco and liquor has been identified in Taxes, Fees and Fines, recognising the fact that the Commonwealth collected the revenue on behalf of the Territory.

Table 4.3.1 provides a summary of the estimated outcome for 1999-2000, forecasts for the 2000‑01 budget and the forward years for general government revenue.

Table 4.3.1

Government Revenue

	1999-2000	2000-01		2001-02	2002-03	2003-04
	Est.Outcome	Budget	Var	Estimate	Estimate	Estimate
	$'000	$'000	%	$'000	$'000	$'000
Revenue And Grants Received
Taxes, Fees and Fines	678 118	698 087	3	719 707	748 576	775 310
User Charges - Non ACT Government	143 235	144 294	1	148 709	153 395	155 828
User Charges - ACT Government	24 348	24 611	1	24 878	25 371	25 627
Interest Received	62 147	110 824	78	116 121	122 506	122 390
Other Own Source Revenue	190 751	164 498	-14	180 062	145 781	157 327
Grants Received	672 974	689 067	2	712 024	741 597	739 334
Total Revenue	1 771 573	1 831 381	3	1 901 501	1 937 226	1 975 816

Note: Totals may not add due to rounding.

Taxes, Fees and Fines

Total revenue from Taxes, Fees and Fines in 2000-01 is expected to increase from 1999‑2000 by $19.969m or 3%, to $698.087m.

Payroll tax revenue is expected to increase steadily during 2000-01 and in the forward years, reflecting strong employment and wage growth in the private sector. Total employment growth in the ACT is forecast at 1.9% in 2000-01 and an average of 1.7% growth for the following three years. Increases in private sector employment are expected to more than offset reductions in the public sector. In addition, average weekly earnings growth in the ACT remains above the national average, due partly to changes in the composition of the work force.

Figure 4.3.2 identifies payroll tax as the largest taxation item, generating 24% of total taxation revenue. Significant revenue contributions are also made by stamp duties, general rates and Section 90 revenue (from petroleum, tobacco and liquor).

Figure 4.3.2

Components of Taxes 2000-01

Revenue Initiatives for 2000-01

Taxation measures to take effect during 2000-01 include:

· an increase in the payroll tax-free threshold;

· an extension of stamp duty waivers for properties up to $350,000 in value purchased under the Civic Revitalisation Program; and

· the introduction of the First Home Owners Scheme.

Payroll tax

The ACT has a current tax rate of 6.85% and a tax-free threshold of $800,000. In line with the Government’s policy to improve the competitiveness of ACT businesses, the tax-free threshold will increase from $800,000 to $900,000 from 1 January 2001 and then increase to $1m from 1 January 2002. This will provide direct assistance to small and medium sized businesses that dominate the ACT private sector. It is forecast that the impact of the first change in the threshold from 1 January 2001 will provide a benefit of $1.048m to existing taxpayers in the 2000-01 financial year. This reduction in revenue will be more than offset through the expected increase in payroll tax collections due to the ACT’s continued economic growth.

First Home Owner’s Scheme

The Inter-Governmental Agreement on the reform of Commonwealth-State financial relations (IGA), provides that, to offset the impact of the GST on the purchase of a new home, the States and Territories will assist first home buyers through the funding and administration of a new uniform First Home Owner’s Scheme (FHOS). FHOS is a new assistance scheme and will be separate from and additional to, the ACT Homebuyers Scheme provided under the Duties Act 1999. The value of grants in 2000-01 is estimated at $12.250m.

Taxes

Table 4.3.2 provides details on ACT taxes.

Table 4.3.2

Taxes

	1999-2000	2000-01		2001-02	2002-03	2003-04
	Est.Outcome	Budget	Var	Estimate	Estimate	Estimate
	$'000	$'000	%	$'000	$'000	$'000
General Tax
Payroll Tax	133 263	141 899	6	149 042	159 878	171 543
General Rates	97 373	98 711	2	101 030	103 416	105 959
Land Tax	30 672	29 382	-4	28 387	28 387	28 386
Financial Institution Duty	18 390	19 210	4	17 400	19 500	20 000
Debit Tax	16 300	16 700	2	17 120	17 550	17 990
Total General Tax	295 998	305 902	3	312 979	328 731	343 878
Stamp Duties
Conveyances	45 840	42 660	-7	42 710	43 640	44 580
General Insurance – Stamp Duty	15 940	16 650	4	17 390	18 160	18 970
Hiring Duty	1 830	1 890	3	1 950	2 010	2 080
Leases	3 940	4 040	3	4 140	4 250	4 350
Life Insurance	610	640	5	660	640	660
Motor Vehicle Rego and Transfers	18 740	19 210	3	19 700	20 180	20 680
Transfer of Shares and Marketable Securities	20 410	20 920	2	21 600	24 200	24 800
Business Agreements	1 930	1 980	3	2 030	2 080	2 130
Total Stamp Duties	109 240	107 990	-1	110 180	115 160	118 250
S90 Revenue
Petroleum Franchise Fees	32 650	33 100	1	36 030	37 500	39 030
Tobacco Franchise Fees	47 680	48 370	1	52 650	54 800	57 040
Liquor Franchise Fees	15 880	16 080	1	17 480	18 200	18 940
Total S90 Revenue	96 210	97 550	1	106 160	110 500	115 010
Gambling Taxes
ACTTAB Licence Fee	3 740	3 920	5	4 120	4 320	4 320
Bookmakers Turnover Tax	190	180	-5	180	170	170
Gaming Tax	34 160	34 990	2	35 840	36 710	37 600
Casino Tax	3 240	3 240	0	3 240	3 240	3 240
Interstate Lotteries	13 500	13 750	2	14 250	14 500	15 000
Total Gambling Taxes	54 830	56 080	2	57 630	58 940	60 330
Other Taxes
Ambulance Levy	3 070	3 070	0	3 070	3 070	3 070
Wholesale sales tax equivalent	2 478	3 934	59	3 929	3 926	3 925
Income tax equivalent	509	532	4	572	586	586
General Insurance Levy	10 000	10 000	0	10 000	10 000	10 000
Total Other	16 057	17 536	0	17 571	17 582	17 581
Total Taxes	572 335	585 058	2	604 520	630 913	655 049

Note: the above figures exclude regulatory service fees and internal trading revenue (General Government Sector)

ACT taxes compared to NSW

The ACT is a city-state with the ACT Government in the unique position of having both state and municipal responsibilities. In recognition of the inland island nature of the ACT, successive ACT governments have endeavoured to maintain competitive taxation rates in line with NSW wherever appropriate. Table 4.3.3 shows the comparative tax rates between the ACT and NSW in 1999-2000 for major taxation items.

Table 4.3.3

ACT Taxes compared with NSW

Tax type	ACT	NSW
Payroll tax	6.85% - 1st $800 000 exempt	6.4% - 1st $600 000 exempt
Land tax	Imposed quarterly on the unimproved property value	Imposed annually on the unimproved property value
	Up to $100 000 – 1%	Less than $192 000 $nil
	$100 001- $200  000 – 1.25%	Above $192 000 - $100 plus 1.7%
	Above $200  001 – 1.5%	Premium property tax of $100 plus 1.7% applies on the principal place of residence where property value is above $1.234m
Conveyance stamp duty	1.25% - 5.5%	1.25% - 5.5%
Motor vehicle registration stamp duty	Under $45 000 = $3/$100	Under $45 000 = $3/$100
	Over $45 000 = $1 350+$5/$100	Over $45 000 = $1 350+$5/$100
Financial Institutions Duty	0.06%	0.06%
Debits Tax	Sliding scale from 30c to $4	Sliding scale from 30c to $4
Life Insurance duty	Up to $2 000 - $1 plus 20c per $200 or part thereof in excess of $2 000	Up to $2 000 - $1 plus 20c per $200 or part thereof in excess of $2 000
General Insurance duty	10%	11.5%
Gambling tax – Casino	20% of gross revenue and 10% of gross revenue on junket operations	20% - 22.5% of gross revenue plus super tax on table revenue above $225.6m/annum. 10% on junket operations.
Gambling tax – clubs	Where monthly gross profit exceeds $8  000, a sliding scale between 1% and 25% applies	Where annual profit exceeds $100  000, a sliding scale between 1% and 26.25% applies
Gambling tax - hotels	35% of gross monthly gaming machine revenue	Sliding scale (15% - 40%) on annual profit

Additionally, statistical data from the Australian Bureau of Statistics show that between 1992-93 and 1997-98, ACT residents paid on average, $365 per head per annum less in combined state and local government taxes compared to NSW residents.

Payroll Tax

During 1999-2000, payroll tax was payable by liable ACT employers and contractors at 6.85% of the wages and other taxable payments of the employer, or the employer’s group, where the Australia-wide wages exceeded the tax free threshold of $800,000 per annum.

The 1999-2000 collections are estimated at $133.263m, and the forecast for 2000-01 is $141.899m, to reflect the impact of the increase in the tax-free threshold, and the expectation of continued employment growth in the private sector.

General Rates

General rates are levied on rateable land in the ACT. The various rating factors are set annually to achieve an overall CPI increase on total rates revenue. The 2000-01 rating factors will be determined after the current year valuations are completed in 2000. The 1999‑2000 estimated outcome is $97.373m. The rating system for 1999-2000 had the following features:

· a fixed charge of $260 applied to all properties except rural properties;

· an ad valorem charge based on unimproved valuations;

· a rolling three year average of unimproved property values;

· a threshold of $19,000 applied to all property values; and

· separate revenue targets of 85%:15% applied to the residential and non-residential sectors respectively.

· Rating factors for 1999-2000 were:

· 1.1046% for residential properties in the City Area;

· 0.5523% for properties outside the City Area (rural); and

· 1.2776% for non-residential properties in the City Area.

The 2000-01 estimate of rates revenue is $98.711m, and this figure includes expected revenue of $0.606m for 2000-01 from new properties.

Rates revenue estimates for 2000-01 and forward years included expected revenue from new properties and represent the net amount after allowing for pensioner and other concessions. Total rates revenue, including payments received from the Commonwealth Government as reimbursement for some concessions, is included in the Department of Treasury and Infrastructure’s Draft Agency Budget Estimates.

Land Tax

In 1999-2000 land tax was charged at rates between 1% to 1.5% of the unimproved value of land and is payable on all rateable commercial properties and residential properties that produce rental income. The rolling three-year average of property values used for general rates is also incorporated in the land tax base.

The estimated outcome in 1999-2000 is $30.672m. Forecast revenue for 2000-01 is $29.382m, reflecting the recent reduction in the valuation of commercial properties incorporated in the 3 year average tax base.

Financial Institutions Duty

Financial Institutions Duty is levied on deposits to accounts held by financial institutions, and collected from account holders/depositors. The rate is 0.06% of the deposits and the maximum payment on a single transaction is $1200.

Estimated outcome for 1999-2000 is $18.390m. The 2000-01 forecast of $19.210m reflects normal growth in economic activity. Under the Commonwealth Government’s National Tax Reform package, FID is to be abolished from 1 July 2001. The revenue estimates for 2001‑02 and forward years represent guaranteed payments by the Commonwealth under the Inter-Governmental Agreement.

Debits Tax

Debits tax is levied on withdrawals from bank accounts upon which cheque drawing facilities are provided. Debits tax was introduced from 1 July 1997 and the rates remain in line with NSW, Victoria, South Australia, Western Australia and Queensland.

Estimated outcome for 1999-2000 is $16.3m and the forecast for 2000-01, is $16.7m mainly reflecting increased economic activity offset by changes in banking practices by taxpayers.

Duty on Conveyances

Stamp duty on conveyances is levied on the transfer of real property. The rate payable increases progressively from 1.25% to 5.5% and applies to the value of the property. Concessional rates apply for persons qualifying under the ACT Homebuyers Scheme.

Estimated outcome in 1999-2000 is $45.840m, which has been adjusted to reflect the bringing forward of sales activity prior to the implementation of the GST on 1 July 2000.

The 2000-01 forecast is $42.660m, reflecting an anticipated drop in sales activity due to the implementation of the GST and partially offset by further Commonwealth asset sales.

Duty on Hiring Arrangements

The ACT tax rates are the same as those in NSW, 0.75% for equipment leasing and 1.5% on receipts over $6,000 per month for other leasing arrangements. Revenue in 1999-2000 is estimated at $1.830m and the forecast for 2000-01 is $1.890m.

Duty on General and Life Insurance

General insurance premiums and life insurance premiums are liable for stamp duty. The rate payable on general insurance premiums is 10%, and temporary and term life insurance policies are liable at the rate of 5% of the first year’s premium.

Estimates for 2000-01 reflect the forecast for similar levels of insurance coverage as previous years. General insurance revenue in 1999-2000 is estimated at $15.940m and for 2000‑01, $16.650m. Life insurance revenue in 1999-2000 is estimated at $0.610m and the forecast for 2000‑01 is $0.640m.

Duty on Leases

Stamp duty is payable on commercial tenancy leases at the rate of 50 cents for every $100 with the exception of leases in excess of 30 years which are subject to duty at conveyance rates. The revenue estimate for 1999-2000 is $3.940m and the forecast for 2000-01 is $4.040m.

Duty on Motor Vehicle Registrations

Stamp duty is payable at the rate of $3.00 per $100 or part thereof, on whichever is the higher of the purchase price or market value, at initial registration and on subsequent changes of registration to the motor vehicle.

The stamp duty rate on passenger vehicles with a market value over $45,000 and that can carry up to 9 people, is $1,350 plus $5 per $100 or part, of the value in excess of $45,000. Revenue in 1999-2000 is estimated at $18.740m and the forecast for 2000-01 is $19.210m.

Duty on Marketable Securities

Stamp duty is imposed on the transfer of dutiable marketable securities, including trust units. The 1999-2000 estimate is $20.410m and the forecast for 2000-01 is $20.920m.

Duty on Business Agreements

Stamp duty is payable on the acquisitions of businesses conducted in the ACT and on the ACT portion of businesses conducted across jurisdictions. The rate of duty payable is 60 cents per $100 on specific business assets (goodwill, intellectual property or a statutory licence). Revenue in 1999-2000 is estimated at $1.930m and a 2000-01 forecast of $1.980m.

Section 90 Revenue

The estimates of revenue from this source include payments collected by the Commonwealth Government on behalf of the Territory in respect of petroleum, liquor and tobacco taxes. Under Section 90 arrangements, subsidies are provided for petroleum and low alcohol products.

· The estimate of revenue for tobacco in 1999-2000 is $47.680m and the forecast for 2000‑01 is $48.370m.

· The estimate of net revenue for petroleum in 1999-2000 is $32.650m and the forecast for 2000‑01 is $33.100m.

· The estimate of net revenue for liquor in 1999-2000 is $15.880m and the forecast for 2000‑01 is $16.080m.

ACTTAB Licence Fee

ACTTAB pay a licence fee, in addition to a dividend and a tax equivalent payment that are identified separately. The licence fees for 1999-2000 and 2000-01 are estimated at $3.740m and $3.920m respectively.

Bookmakers Turnover Tax

The level of turnover tax applying to the standing bookmakers is 1% in line with the rate applying in NSW. Estimated revenue for 1999-2000 is $0.190m, and for 2000-01 the forecast is $0.180m. The fall in revenue reflects the expected reduction in the level of wagering conducted through bookmakers.

Gaming Tax

Gaming tax revenue incorporates gaming machine taxes and interactive gaming tax. Gaming machines are taxed on the basis of monthly gross revenue, which is defined as gaming machine revenue less amounts paid out in prize money. Gaming machine licensees other than clubs will continue to be taxed at 35% of gross revenue. Estimated total gaming tax revenue for 1999-2000 is $34.160m, and the forecast for 2000-01 is $34.990m.

Casino Tax

The tax applying to Canberra Casino is 20% of gross profit from general gaming operations. Estimated revenue in 1999-2000 and 2000-01 is $3.240m per annum.

Interstate Lotteries

The ACT receives revenue on the value of tickets in interstate lotteries purchased in the ACT, including NSW lotteries (including Lotto), Tattslotto and other Victorian lotteries. Revenue from this source is estimated at $13.5m in 1999-2000, and the forecast for 2000-01 is $13.750m.

Insurance Levy

The ACT partially funds the activities of its emergency services by way of a levy imposed on insurance companies. Estimated revenue in 1999-2000 and 2000-01 is $10m per annum. This revenue, as a proportion of expenditure on emergency services, is considerably lower than the comparable levy in NSW.

Ambulance Levy

The ambulance levy is imposed on health funds in the ACT to provide ambulance cover for fund members. The revenue outcome for 1999-2000 is estimated at $3.070m and the forecast revenue for 2000-01 is also $3.070m.

Wholesale sales tax and Income tax equivalent payments

These represent tax equivalent payments made by ACT Public Trading Enterprises. The estimate of total revenue for 1999-2000 is $2.987m and the forecast for 2000-01 is $4.466m. Under the Commonwealth Government’s National Tax Reform package, wholesale sales tax is to be abolished from 1 July 2000.

Fees and Fines

Details of fees and fines are provided in table 4.3.4.

Table 4.3.4

Fees and Fines

	1999-2000	2000-01		2001-02	2002-03	2003-04
	Est.Outcome	Budget	Var	Estimate	Estimate	Estimate
	$'000	$'000	%	$'000	$'000	$'000
Fees
Motor vehicle registrations	51 080	52 187	2	53 365	54 623	55 820
Casino Licence fees	594	602	1	609	617	632
Drivers licences	5 412	5 456	1	5 594	5 735	5 885
Change of Use charge	3 825	3 830	0	3 840	3 932	4 030
Regulatory services	29 763	36 040	21	36 597	37 223	38 071
Total Fees	90 674	98 115	8	100 005	102 130	104 438
Fines
Traffic infringement fines	7 610	7 258	-5	7 343	7 493	7 584
Court fines	380	380	0	380	390	390
Parking fines	6 884	7 069	3	7 258	7 444	7 643
Other fines	235	207	-12	201	206	206
Total Fines	15 109	14 914	-1	15 182	15 533	15 823

Fees

Motor Vehicle Registration Fees

The estimated revenue from motor vehicle registration charges in 1999-2000 is $51.080m and the forecast for 2000-01 is $52.187m.

Casino Licence Fees

The Casino licence holder pays the Casino licence fee to the Gambling and Racing Commission. The Gambling and Racing Commission also collects Casino employees’ licence fees for licensing staff employed by the Casino. The 1999-2000 total estimate for casino licence fees of $0.594m is expected to increase to $0.602m in 2000-01.

Drivers’ Licences

The revenue from drivers’ licences in 1999-2000 is estimated at $5.412m, and forecast to marginally increase to $5.456m in 2000-01.

Change of Use Charge (CUC)

A Change of Use Charge (CUC) is a charge that is payable on the increased value of a block of land arising from a development application and is calculated as 75% of the added property value. Some qualifying lease variations will receive a remission of the CUC of between 25% to 100%.

Factors affecting collection of a CUC include the decline in the number of development applications and commercial building refurbishment, recent legislative amendments to the Land Act which now provide that the value of associated works is offset against the CUC, and the Government's policies of remitting CUC in non-viable local centres or as part of its Civic revitalisation initiatives.

The 1999-2000 outcome is estimated at $3.825m and the forecast for 2000‑01 is $3.830m.

Fees for Regulatory Services

Fees for regulatory services are received by numerous agencies and include items such as waste management fees, motor transport regulation and building control fees. Revenue from this source is estimated at $29.763m in 1999-2000, and the forecast for 2000-01 is $36.040m. The increase in 2000-01, is primarily due to revenue from the Water Abstraction Charge of $5.060m and $0.450m from the Environment Pollutant loading fee.

Fines

Total revenue from fines is expected to increase in 2000-01, as a result of the introduction of new penalty levels for parking and traffic infringements which will more closely align the ACT fee structure with that of NSW, and target safety issues. Revenue from parking fines is expected to increase from an estimate of $6.884m in 1999-2000 to $7.069m in 2000‑01. Revenue from traffic infringement fines is expected to decrease from $7.610m in 1999-2000 to $7.258m in 2000-01, reflecting the introduction of speed and red light cameras.

User Charges

Details of user charges for Non-ACT Government and ACT Government are provided in table 4.3.5.

Table 4.3.5

User Charges - Non ACT Government and ACT Government

	1999-2000	2000-01		2001-02	2002-03	2003-04
	Est.Outcome	Budget	Var	Estimate	Estimate	Estimate
	$'000	$'000	%	$'000	$'000	$'000
User Charges - Non ACT Government
Parking Fees	10 590	10 821	2	11 156	11 397	11 654
Inpatient Fees	10 139	9 780	-4	9 780	9 780	9 780
Non-Inpatient Fees	2 266	2 264	0	2 282	2 300	2 320
Cross Border Health Receipts	32 600	28 600	-12	28 100	28 100	28 100
Sales	12 909	10 398	-19	10 626	10 812	10 965
Service Receipts	66 519	74 139	11	78 072	82 097	83 903
Miscellaneous	8 212	8 292	1	8 693	8 909	9 106
Total User Charges	143 235	144 294	1	148 709	153 395	155 828
User Charges – ACT Government
User Charges - ACT Government	24 348	24 611	1	24 878	25 371	25 627
Total User Charges - Act Government	24 348	24 611	1	24 878	25 371	25 627

Parking Fees

Receipts for this item in 1999-2000 are estimated at $10.590m and the 2000-01 forecast is $10.821m.

Patient Fees

Inpatient fees and non-inpatient fees are payments for the provision of hospital and related services. The 2000-01 revenue estimates for inpatient and non-patient are $9.780m and $2.264m respectively.

Cross Border Health Receipts

The NSW Government pays the ACT Government for ACT medical services provided to NSW citizens. The revenue estimate for 1999-2000 and 2000-01 is $32.6m and $28.6m respectively.

Sales

Sales includes revenue from activities such as swimming pools, cultural facilities, including the Canberra Theatre and revenue from the Australian International Hotel School. The 1999‑2000 estimate is $12.909m and the 2000-01 estimate is $10.398m.

Service Receipts

This item includes payments from government agencies and external clients for provision of services.

Miscellaneous

Miscellaneous revenue is estimated at $8.212m for 1999-2000 and the 2000-01 forecast is $8.292m.

Interest Received

Table 4.3.6 provides a summary of interest received.

Table 4.3.6

Interest Received

	1999-2000	2000-2001		2001-02	2002-03	2003-04
	Est.Outcome	Budget	Var	Estimate	Estimate	Estimate
	$'000	$'000	%	$'000	$'000	$'000
Interest Received
Interest Received from Banks	47 711	78 317	64	84 910	91 564	91 720
Interest Received Adv and Loans to Agencies	2 996	22 217	642	21 942	21 663	21 391
Interest Received - Other	11 040	9 890	-10	8 860	8 860	8 860
Interest Received - ACT Law Society	400	400	0	409	419	419
Total Interest Received	62 147	110 824	78	116 121	122 506	122 390

Interest Received from Banks

This item represents the interest received by the Central Finance Unit (CFU) Departmental account and the Superannuation Provision Unit (SPU) Territorial account from banks and other financial institutions in respect of investment transactions. Interest earned by the CFU is on-passed to agencies in respect of their investments with CFU and it is also used for the payment of interest on maturing arbitrage investments. Interest earned by the SPU investments is compounded within the existing investment funds managed by the SPU external fund managers. The 2000-01 forecast of $78.317m is higher than the 1999-2000 estimate of $47.711m reflecting a higher level of funds on investment.

Interest from Advances/Loans

This item represents the interest payments to CFU from the Public Trading Enterprise sector agencies for market related loans. The 1999-2000 estimate is $2.996m and the 2000-01 forecast is $22.217m. The increase is as a result of new borrowing undertaken on behalf of ACTEW by the Central Finance Unit.

Interest Received - Other

This item represents the natural movement in interest repaid under the Home Loan scheme. The 1999-2000 estimate is $11.040m and the 2000-01 forecast is $9.890m.

Other Own Source Revenue

Total other own source revenue (including Dividends from Public Trading Enterprises) is expected to decrease by $26.253m or 14% in 2000-01. Table 4.3.7 provides a summary of other own source revenue in 1999-2000 and the outyears.

Table 4.3.7

Other Own Source Revenue

	1999-2000	2000-2001		2001-02	2002-03	2003-04
	Est.Outcome	Budget	Var	Estimate	Estimate	Estimate
	$'000	$'000	%	$'000	$'000	$'000
Other Own Source Revenue
Dividends
ACTEW	47 082	41 653	-12	44 767	48 148	53 535
ACTTAB	453	473	4	509	522	522
Milk Authority	0	0	0	0	0	0
CIT Solutions	70	85	21	90	97	97
Total Dividends	47 605	42 211	-12	45 366	48 767	54 154
Superannuation Contributions	11 474	11 441	0	11 324	11 227	11 279
MLA Members	30	30	0	30	30	30
Gain on Disposal of Assets	256	0	-100	0	0	0
Other	28 004	20 835	-26	24 627	21 583	21 786
Lease Sales	83 259	71 331	-14	79 898	45 704	51 538
Rents and Commutations	5 000	5 000	0	5 000	5 000	5 000
Contributions	15 123	13 650	-10	13 817	13 470	13 470
Total Other	143 146	122 287	-15	134 696	97 014	103 173
Other Own Source Revenue	190 751	164 498	-14	180 062	145 781	157 327

Dividends

ACTEW

The estimate for 1999-2000 is $47.082m and the forecast for 2000-01 is $41.653m. The reduction in dividend return is largely a result of increased annual interest costs associated with the capital repatriation of $300m.

Milk Authority

As the Milk Authority is being wound up in 1999-2000, there will be no dividend received from the Milk Authority.

ACTTAB

The forecast dividend for 2000-01 is $0.473m compared to the 1999-2000 amount of $0.453m.

Other

Superannuation Contributions

The 1999-2000 estimate is $11.474m and the 2000-01 forecast is $11.441m reflecting a revision of employer superannuation costs.

Other

This item includes market gains on investments made by the Superannuation and Insurance Provision Unit. The decrease in the 2000-01 revenue forecast reflects the decrease in the funds invested.

Lease Sales

Land revenue from lease sales is expected to decrease from $83.259m in 1999-2000 to $71.331m in 2000-01. This decrease is primarily due to a fall in forecast lease sales revenue by the Gungahlin Development Authority.

Commonwealth Grants Estimates

Total revenue from grants received in 2000-01 is expected to increase by $16.093m or 2%, from the 1999-2000 estimate of $672.974m to $689.067m in 2000-01.

Table 4.3.8 provides a summary of Commonwealth grants estimates.

Table 4.3.8

Commonwealth Grants Estimates

		1999-2000		2000-01				2001-02		2002-03		2003-04
		Est.Outcome		Budget		Var		Estimate		Estimate		Estimate
		$'000		$'000		%		$'000		$'000		$'000
REVENUES
Grants From The Commonwealth
General Purpose Funding
Competition Payments	7 200		7 400		3		11 100		11 300		11 300
General Revenue Grant	341 800		352 200		3		363 000		374 000		384 100
Transitional Allowance	13 200		13 200		0		13 200		13 200		13 200
Total General Purpose Funding	362 200		372 800		3		387 300		398 500		408 600
Current Grants From The Commonwealth
Assistance for Water and Sewerage	8 117		8 246		2		8 387		8 538		8 538
Blood Transfusion Service	941		941		0		941		941		941
Finance Assis - Local Government Functions	26 700		27 700		4		28 600		29 500		30 400
Aged Care Assessment Team	321		321		0		321		321		321
Government Schools - General	19 373		20 683		7		21 634		22 629		22 629
Non Government Schools	52 812		54 924		4		57 121		59 406		59 406
Government Schools - Other Cwth	3 669		3 755		2		3 845		4 022		4 022
Other Schools Payments - Other Organisation	300		320		7		341		362		362
Other Schools Payments - Non Gov't	1 700		1 760		4		1 822		1 887		1 887
Health Program Grants	2 794		2 794		0		2 794		2 794		2 794
Home and Community Care	5 750		5 796		1		6 242		6 688		7 134
Hospital Funding Grant	73 584		77 493		5		81 866		86 468		88 269
Interstate Road Transport	75		75		0		75		75		75
Legal Aid	3 006		3 006		0		3 006		3 006		3 006
National Cap Influences - Local Government Fu	20 188		20 511		2		20 859		21 235		21 235
Supported Accommodation Program	3 798		3 855		2		3 913		3 972		4 032
Youth Health Services	49		49		0		49		49		49
Aboriginal Education (IESIP)	335		343		2		351		367		367
Children's Services	55		60		9		65		65		65
High Cost Drugs	4 154		4 154		0		4 154		4 154		4 258
C'wlth States Disability Agreement	4 693		4 682		0		4 682		4 614		4 614
DEETYA Contracts	400		410		3		420		431		431
ANTA Contracts	1 100		1 127		2		1 156		1 185		1 185
Immunisation Data Collection (ARIC)	150		150		0		150		150		150
Sport Participation Development	183		0		-100		0		0		0
National Public Health Agreements	3 810		3 837		1		3 863		3 895		3 921
National Highway System	24 860		4 450		-82		3 500		11 500		1 700
National Safety Black Spots Program	466		466		0		466		466		466
Hepatitis C Financial Assistance Program	1 800		520		-71		0		0		0
Total Current Grants From The Commonwealth	265 183		252 428		-5		260 623		278 720		272 257
Capital Grants From The Commonwealth
CSHA Block Assistance for Housing	19 225		24 968		30		24 813		24 660		18 760
Blood Transfusion Services	28		28		0		28		28		28
Government Schools - Capital Grant	3 824		3 824		0		3 824		3 824		3 824
Non-Government Schools - Capital Grant	2 040		2 040		0		2 040		2 040		2 040
Total Capital Grants From The Commonwealth	25 117		30 860		23		30 705		30 552		24 652
Other Commonwealth Payments
Concession Funding	1 024		1 024		0		1 024		1 024		1 024
Payment for ANTA C'wlth Funding	14 550		14 914		3		15 287		15 669		15 669
RALA Veterans	72		72		0		72		72		72
State Coaching Coordinator	20		0		-100		0