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
|
|
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 |
0 |
0 |
|
||||||||
|
ANTA TAFE Capital
Infrastructure |
2 880 |
2 880 |
0 |
2 880 |
2 880 |
2 880 |
|
||||||||
|
Other
Miscellaneous Commonwealth Payments
|
1 928 |
14 089 |
631 |
14 133 |
14 180 |
14 180 |
|
||||||||
|
Total Other Commonwealth Payments |
20 474 |
32 979 |
61 |
33 396 |
33 825 |
33 825 |
|
||||||||
|
TOTAL COMMONWEALTH GRANTS RECEIVED |
672 974 |
689 067 |
2 |
712 024 |
741 597 |
739 334 |
|
||||||||