APPENDIX F

GLOSSARY AND ABBREVIATIONS

GLOSSARY AND ABBREVIATIONS
Accounting Policy
Specific accounting principles and practices applied in preparing and presenting financial reports.
Accrual Accounting
The recognition of income, expenses, assets, liabilities and equity when an economic transaction giving rise to a movement of resources occurs, irrespective of the timing of any related movement in cash.
Accrued Expenses
Expenses incurred during the accounting period that are unpaid at the end of the reporting period and are due for payment in the next accounting period, where an invoice has not been received.
Accrued Income
Income earned during the accounting period for which the agency has earned income but not yet received payments, by the end of the reporting period.  
ACT Special Fiscal Needs (SFN)
The Commonwealth Grants Commission (CGC) recommends funding to the ACT for SFN’s to take account of differences in financial arrangements between the Commonwealth and the ACT, and the Commonwealth and the States in the provision of corporate affairs, roads and police services.  These needs are to be discontinued from 2005-06 following the Australian Government’s decision in the 2004-05 Commonwealth Budget to have claims assessed by the CGC as part of the GST redistribution.
Accountability Indicators
Accountability indicators measure a department's effectiveness and efficiency in delivering its outputs, and may be measures of outcomes, outputs or inputs, and are subject to audit.
Accumulated Amortisation
This is the total accumulation of depreciation expense at a given point in time, generally charged for intangible and leased non‑current assets (refer to Amortisation).
Accumulated Depreciation
This is the total accumulation of depreciation expense at a given point in time, charged for a particular depreciable asset or class of assets (refer to Depreciation).
Accumulated Funds
Represents the capital the Government has injected into an agency, less any capital distributions to Government, plus the surpluses and deficits accumulated in an agency as a result of operations.  For departments, capital injections and distributions may occur as a result of a change in administrative arrangements.
Amortisation
The systematic allocation of the cost of an asset less its residual value over its useful life.  The term amortisation is often used interchangeably with the term depreciation.  However, depreciation is generally used in relation to non‑current assets that have physical substance (eg. property, plant and equipment), while amortisation is generally used in relation to intangible non-current assets (eg. intangible and leased assets).
Appropriation
The maximum amount of public money authorised by the ACT Legislative Assembly under a legislative authority for transfer from the Territory Bank Account to a departmental bank account.
Assets
Future economic benefits, or service potential, controlled by an agency as a result of past transactions or other events.
Asset Classes
A grouping of assets of a similar nature and use in an agency’s operations.
Australian Accounting Standards (The Standards)
The accounting and reporting framework issued and maintained by the Australian Accounting Standards Board.  The Standards prescribe the acceptable methods of measuring and recording accounting transactions, and the required level of disclosure of those transactions in financial reports.
Australian Business Number (ABN)
The business identifier for dealings with the Australian Taxation Office.
Budget Balancing Assistance (BBA)
As part of the Commonwealth’s Government’s agreement with the States and Territories that their budgetary position will be no worse off under national tax reform, the Commonwealth has provided Budget Balancing Assistance to the States and Territories.  Where a State or Territory’s entitlement to GST revenue falls short of its Guaranteed Minimum Amount (GMA), the Commonwealth provides funding, known as Budget Balancing Assistance, to the States and Territories to allow their financial position to reach their GMA.  The ACT no longer receives Budget Balancing Assistance and is not anticipating to do so in the future based on current estimates.
Budget Papers
These accompany an Appropriation Bill and contain detailed information on the Budget, as well as explanatory material on the context of the Budget.
Capital
The accumulated wealth that an agency possesses resulting from government contributions as owner and the retained earnings in the agency.
Capital Expenditure
Funds expended in the course of adding to the future economic benefits provided by an asset as a result of physical addition, improvement or extension of the useful life of the asset.  Capital expenditure also includes the purchase or development of new assets.
Capital Grants
Unreciprocated payments intended to contribute towards the cost of capital expenditure of the recipients.
Capital Injections
Capital injections are the means by which the Government injects funds into an agency for purposes such as the purchase or development of assets, the payment of debt, or to increase an agency’s working capital.  On occasion, capital injections may be repayable, in which case the terms of these loans are outlined in the budget papers.
Capital Works
Capital works include:
•	the creation of a new Territory asset, including new construction projects, and additions to assets;
•	alterations to buildings, and other assets;
•	demolition work;
•	furniture and fittings, equipment or plant which are provided as an integral component in the construction and upgrade of buildings or works;
•	work which significantly increases the service delivery capability of an asset, for example, the major reconstruction of roads and bridges;
•	design fees; and
•	site testing and field investigations related to an approved capital works proposal or project.
Cash
Cash comprises cash on hand, and demand deposits.
Cash Equivalents
Cash equivalents are short‑term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
Cash Flows
Inflows and outflows of cash and cash equivalents.
Commitment
A firm intention (usually represented by a contractual obligation) at the end of the reporting period which will give rise to a future payment or sacrifice of service potential or benefits.
Commonwealth
References to the ‘Commonwealth’ Government means the ‘Australian’ Government.

Commonwealth Grants
Includes general revenue from the Commonwealth Government for the purpose of contributing to the financing of the current operations of the recipient.  This is in addition to monies received for specific purposes (when the Commonwealth wishes to have some involvement in the direction of the expenditure).  Grants are also received for on-passing to third parties (eg. to non-government schools), where the Territory has no discretion in their allocation.
Commonwealth Grants Commission (CGC)
Established by the Commonwealth Government in 1933, the CGC is an independent authority which makes recommendations to the Commonwealth concerning the distribution of the combined pool of GST and hospital funding grants among the States and Territories.
Commonwealth Payments - Other
Grant funding from Commonwealth Government agencies which the ACT can access as a service provider, on a contractual and/or cost recovery basis.
Commonwealth Grants Specific Purpose Payments (SPPs)
SPPs are current and capital payments made by the Commonwealth on the basis that the Territory meets certain conditions.  The conditions attaching to SPPs vary considerably.  In general, the payments are made on the condition that the Territory ensures the funds are used for a specified program and are applied in accordance with the objectives of the program.  Conditions include general requirements (eg. the requirement, as a condition of the hospital funding grants, that the ACT provide free public hospital treatment) and broad Commonwealth/Territory agreements covering principles and program delivery mechanisms.  They may also involve detailed conditions on the operation of joint expenditure programs including program or project approval, matching arrangements and information sharing.
Current Assets
An asset is classified as current when it satisfies any of the following criteria:
(a)	it is expected to be realised in, or is intended for sale or consumption in, the agency’s normal operating cycle; or
(b)	it is held primarily for the purpose of being traded; or
(c)	it is expected to be realised within twelve months after the reporting date; or
(d)	it is cash or a cash equivalent.
Current Grant Expenses 
Payments of a current nature to individuals or organisations for general assistance or a particular purpose that, by virtue of their payment, contribute to the achievement of the program’s objectives.
Current Liabilities
A liability is classified as current when it satisfies any of the following criteria:
(a)	it is expected to be settled in the agency’s normal operation cycle; or
(b)	it is held primarily for the purpose of being traded; or
(c)	it is due to be settled within twelve months after the reporting date; or
(d)	the agency does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Debt
A legal obligation to make payments of principal and (in some cases) interest according to a predetermined schedule.  Debt includes obligations arising from loans (including advances from the Commonwealth), bonds, notes and other securities on issue, the capitalised value of outstanding lease commitments under finance lease arrangements, supplier/buyer credits, bank overdrafts, and deferred contract payments.
Debt Servicing
Payments of interest, and repayments of principal, associated with borrowings and Commonwealth advances.
Departmental Items
Departmental items are those items over which the agency has discretion, responsibility and authority.  If the department has:
•	the capacity to benefit from the use of the asset or funds in the pursuit of its objectives and to deny or regulate the access of others to those assets or funds;
•	discretion and responsibility for how the funds are spent; or
•	expended funds, incurred a liability, or received free services, related to the operations under its control;
then it is considered a departmental item.
Depreciation Expense
The systematic allocation of the cost of an asset less its residual value over its useful life.
Employee
An employee is a natural person who receives benefits in exchange for services provided to an employer.
Employee Benefits
Benefits that employees accumulate as a result of providing their services to an employer up to the reporting date, and may include, but are not limited to, annual leave, long service leave, superannuation benefits and other post-employment benefits.
Expenses
Expenses are decreases in economic benefits during the accounting period in the form of outflows or depletions of assets or incurrences of liabilities that result in decreases in equity, other than those relating to distributions to equity participants.
Expenses on Behalf of the Territory
Territorial (administered) revenues, which the Government appropriates for the payment of grants, subsidies and transfer payments (refer Territorial).  
Financial Assistance Grants (FAGs)
Before the introduction of A New Tax System and GST Revenue Grants, FAGs were made by the Commonwealth to State and Territory governments for expenditure by the latter according to their own priorities. The value of FAGs forgone is an integral component of calculating each State and Territory’s Guaranteed Minimum Amount.
Finance Lease
A finance lease is a lease which effectively transfers from the lessor to the lessee substantially all the risks and rewards incident to the ownership of the leased property.  Title may or may not eventually be transferred.
First Home Owner Grant Scheme (FHOG)
States and Territories are required to fund a First Home Owner Grant Scheme to offset the impact of the GST on the price of new homes.  The additional outlays required by the FHOG are included in the determination of the Guaranteed Minimum Amount.
Gains
Gains represent items other than revenue that meet the definition of income and may, or may not, arise in the course of the ordinary activities of an agency.  Gains may arise, for example, on the disposal of non-current assets.
General Government Sector (GGS)
This is an Australian Bureau of Statistics (ABS) categorisation of certain public sector agencies.  It covers agencies mainly engaged in the production of goods and services outside the normal market mechanism for consumption by government itself and the general public.  The agencies’ costs of production are mainly financed from public revenues and they provide goods and services to the general public, or sections of the general public, free of charge or at nominal charges well below the cost of production.  
Goods and Services Tax (GST) Grants
GST revenue collected by the Commonwealth is distributed to the States and Territories on the principle of Horizontal Fiscal Equalisation.  Since 1 July 2000, GST grants replaced Financial Assistance Grants. 
Government Finance Statistics (GFS)
The framework used by the ABS for presentation of data on government outlays, revenue and financing transactions through either the general government sector or the public component of the business sector (the public trading enterprise sector) in accordance with an internationally accepted set of concepts and definitions.
Government Finance Statistics (GFS) Cash Surplus / Deficit
The net cash received from operating activities less net purchases of non-financial assets (ie capital works). A GFS cash surplus indicates there was sufficient cash generated from operations to more than cover the net outlay of the capital works program. This measure is located at the bottom of the GFS Cash Flow Statement. 
Government Finance Statistics (GFS) Expenses
GFS Expenses include all mutually agreed transactions that decrease net worth, including dividend and tax equivalent payments.
Government Finance Statistics (GFS) Financial Assets
Assets that are in the form of financial claims or other economic units.
Government Finance Statistics (GFS) Net Debt
The sum of deposits held, advances received and borrowings; minus the sum of cash and deposits, advances paid, investments, loans and placements.
Government Finance Statistics (GFS) Net Increase in Cash Held
The sum of the net cash flows from all operating, investing and financing activities.
Government Finance Statistics (GFS) Net Lending Balance/Borrowing
The Net Operating Balance less net acquisition of non-financial assets.
Government Finance Statistics (GFS) Net Operating Surplus (+)/ Deficit (-)
This is calculated as GFS revenue minus GFS Expenses. It is equivalent to the change in net worth arising from transactions.
The key differences between the GFS net operating surplus and the AAS31 operating result are asset revaluations (including investments) and gains or loss on the disposal of non‑financial assets for financial assets. The GFS net operating surplus also includes dividends payable and income tax equivalents. At the summary level, these are the only adjustments necessary to reclassify the AAS31 Statement of Performance into the GFS Statement of Performance. While at the detailed level a number of classification issues may arise, these generally do not affect the measure of GFS net operating surplus/deficit.
Government Finance Statistics (GFS) Net Worth
Defined as assets less liabilities, shares and other contributed capital. For the general government sector, net worth is assets less liabilities since shares and contributed capital is zero.
Government Finance Statistics (GFS) Non‑Financial Assets
All assets other than financial assets.
Government Finance Statistics (GFS) Revenues
GFS Revenue includes all mutually agreed transactions that increase net worth. Revaluations and gains are excluded from GFS revenue.
Government Payment for Outputs (GPO)
GPO is the appropriated revenue that agencies earn from producing outputs for Government.  The Legislative Assembly approves the appropriation as part of the annual budget.

Grants (non ACT Government)
These include payments to individuals or organisations for general assistance or for a particular purpose that contribute to the achievement of the program's objectives.  Grants may be for capital and the grant name or category reflects the use of the grant.  Grants are usually made subject to terms and conditions contained in legislation or contracts, or stipulated in correspondence.  An individual or organisation may apply for a grant based on eligibility criteria being met.  Capital grants do not reflect an investment by the Government and are not included as Territory assets.
Guaranteed Minimum Amount (GMA) 
A set of estimates which reflect each State and Territory’s financial position in the absence of the reforms to the taxation system (A New Tax System), agreed by the Commonwealth, State and Territory Heads of Treasuries.  This notional pre-tax reform position is called the Guaranteed Minimum Amount and equates to the amount of funding each State or Territory should receive from the Commonwealth to restore its previous position.
The GMA is designed to ensure that the ACT’s financial position will be no worse off than it would have been had the arrangements for tax reform not been implemented.  The calculation of the GMA incorporates the revenues forgone, including FAGs and the state taxes earmarked for abolition, plus the additional costs that will be imposed as a result of the administration of the GST and the First Home Owner Grant Scheme.
Headcount Definition
The number of employees (both ongoing and casual) paid at a given point in time regardless of their hours of work but excluding board members.
Horizontal Fiscal Equalisation (HFE)
The principle that each State and Territory be provided funding to ensure they have the ability to provide an average or ‘standard’ level of government services to its residents assuming they impose average taxes and charges and operate at an average level of efficiency.
GST revenues are distributed amongst States and Territories in accordance with the principles of HFE, and are distributed using the Commonwealth Grants Commission’s recommendations of per capita relativities.
Income
Income arises from increases in economic benefits during the accounting period in the form of inflows or enhancements of assets, or decreases of liabilities that result in increases in equity, other than those relating to contributions from equity participants.  Income encompasses both revenue and gains.

Intergovernmental Agreement (IGA)
The Intergovernmental Agreement on the Reform of Commonwealth-State Financial Relations, usually referred to as the IGA, was signed by Heads of Government in June 1999.  
The Commonwealth has attached the IGA as a schedule to the: ‘A New Tax System (Commonwealth-State Financial Arrangements) Act 1999’, and States and Territories have attached it as a schedule to relevant State and Territory legislation.
Inventories
Includes assets (but does not include depreciable assets):
•	held for sale or consumption in the ordinary course of service delivery; or
•	in the process of production for such sale or consumption; or
•	to be used up in the production of goods, other property or services for sale or consumption including consumable stores and supplies.
Investments
Assets held by an agency primarily for the accumulation of wealth through receipt of distributions (such as interest, royalties, dividends and rentals) or for capital appreciation.
Input Tax Credit
Organisations that are registered for GST are entitled to claim as a credit, from the Australian Taxation Office, any GST paid on purchases they made for a creditable acquisition.
Liabilities
Is a present obligation of an agency arising from past events, the settlement of which is expected to result in an outflow from the agency of resources embodying economic benefits.  Liabilities are a broader concept than debt.  They also include obligations which do not have a predetermined repayment schedule, and those which do not require payments of interest - such as unfunded liabilities of superannuation funds, liabilities in respect of other employee benefits (long service and annual leave), and trade creditors.
Loan Council
Established under the Financial Agreement Act 1927, the Australian Loan Council has the objective of managing the call on national savings by the Australian public sector as a whole.  The Loan Council consists of a Commonwealth representative as chairman and a representative of each of the States and Territories.
Loan Council Allocation (LCA)
The LCA is a measure of the call on national savings by a jurisdiction.  The Australian Loan Council allocates, by mutual agreement, an annual target for total net financing by each jurisdiction.  The LCA is calculated on the basis of a government’s cash position, and resulting call on financial markets in any given year, required to meet its budget obligations.
Materiality
Materiality is the concept of establishing the importance of financial data in accordance with Australian Accounting Standard AASB1031.  In general an item of information is material if its omission, non-disclosure or misstatement would cause the financial report to mislead users when making evaluations or decisions.  The size or nature of the item, or a combination of both, could be the determining factor.
Memorandum Items
The size of a jurisdiction’s Loan Council Allocation is determined by adding the general government sector cash deficit/surplus, the public trading enterprise sector’s net financing requirement and certain memorandum items.
These memorandum items are included because their nature is sufficiently similar to financing transactions in their economic impact to justify inclusion.  These include:
•	the net movement of operating leases with a net present value of payments greater than $5m;
•	private sector involvement in public sector infrastructure;
•	sales of assets on a recourse basis; and
•	an adjustment to exclude all superannuation payments to externally managed and controlled superannuation funds from outlays.
Ministerial Council for Commonwealth-State Financial Relations
The Council comprises the Commonwealth Treasurer (Chair) and the Treasurers of the States and Territories. It is more commonly referred to as the annual Treasurers’ Conference, and is an annual forum for the discussion of matters relating to Commonwealth‑State financial relations.
National Tax Equivalent Regime (NTER)
An agreement between the Commonwealth, States and Territories which applies income tax to State and Territory government business enterprises.  
Operating Leases
Leasing arrangements in which substantially all risks and rewards incidental to ownership of a leased asset effectively remain with the lessor (the owner of the asset) rather than passing to the lessee (which would make it a finance lease).
Operating Result
Operating profit or loss for the period being reported.
Prepayments
Payments made in one reporting period, in respect of goods or services that an agency expects to receive or consume in future periods.
Property, Plant and Equipment
Property, Plant and Equipment are assets that:
•	are held by the agency for use in the production or supply of goods and services, for rental to others, or for administrative purposes;
•	have been acquired, obtained or constructed with the intention of being used on a continuing basis; and
•	are not intended for sale in the ordinary course of business or service delivery.
Provision
Liability for which the amount or timing of the future sacrifice of economic benefits that will be made is uncertain. 
Public Trading Enterprises (PTEs)
This is an ABS categorisation of certain public sector agencies.  It comprises Government controlled corporations and quasi-corporations mainly engaged in the production of market goods and/or non‑financial services.
Receipts
Cash inflows for a period, irrespective of when the moneys are earned.
Reduced Costs to Government from Indirect Tax Reform 
The benefits accruing to the ACT from the reduction in embedded taxes on government purchases, which are included in the determination of the Guaranteed Minimum Amount.
Relativity 
A numerical expression of a State’s financial disability relative to the Australian average.  It indicates whether a State’s financial needs will be positive or negative. 
Reserves
Reserves are recognised for the increases on revaluation of non-current assets or other intended uses of accumulated funds.
Retained Earnings (or Earnings)
Retained Earnings are the accumulated operating results since the 1996-97 audited Financial Statements not transferred to reserves or to Government.
Revenue
Revenue is part of income.  Revenue is an inflow of economic benefit which arises in the course of the ordinary activities of an agency.
Service Purchasing
Refers to funding arrangements by which the Territory (as purchaser) contracts with a provider for delivery of specified services.  These are identified as specific outputs which contribute toward the achievement of the Government's desired outcomes.  Providers are required to report against agreed indicators in order to assist the Territory to meet its accountability obligations to the community.
State Budget Impacts (SBIs)
SBIs are incorporated in the calculation of the Guaranteed Minimum Amount and represent an estimate of the net impact on the ACT of changes to the Territory’s sources of revenue and expenditure responsibilities resulting from the national tax reform arrangements (A New Tax System).
Statement of Estimated Payments (SEP)
The Commonwealth Treasurer releases this annual paper to State Treasurers in March of each year.  The SEP contains the latest estimates of total Commonwealth funding to the States for the current and next financial years, including GST Revenue, Guaranteed Minimum Amounts (GMA) and Specific Purpose Payments (SPPs).

Strategic Indicators
Performance indicators to measure the Government's performance against long‑term strategic objectives and outcomes which impact upon the ACT Community.  A department has some accountability for performance against these indicators, although cannot be held fully responsible for achieving the specified targets, as there are external factors which will influence the result.  Strategic indicators are not subject to audit.
Supplies and Services
This category of expenses is one of a number identified according to their nature or type for disclosure in the Operating Statement.  This category includes such types of expenses as travel, office requisites, postage, computer services, consultants and telecommunications services.
Tax-equivalent Payments 
Payments that a Government Business Enterprise (GBE) is required to make in order to ensure it has the same taxation obligations as private sector firms, usually for competitive neutrality reasons.  For example, although GBE’s are ordinarily exempt from Commonwealth income taxes, they are required by their owner governments to make payments calculated on the same basis as income tax.
Territorial
Territorial (administered) items are income, expenses, assets and liabilities that an agency administers but does not control.  These items relate to activities performed on behalf of the Territory.  An item would generally be regarded as a Territorial (administered) item if the agency:
•	has restricted or no discretion in relation to the item; or
•	has restricted or no discretion to increase or decrease the item; or
•	has responsibility for the item, but restricted or no authority over its use; or
•	is responsible only for the collection and/or transfer of the item.
Items are Territorial (administered) where decisions relating to their use are primarily made by government.
Territory Unencumbered Cash (TUC)
A measure of excess capacity (cash and investments) at a point in time that has not been formally allocated, excluding agency balances. TUC needs to be considered in the context of its balance over the Budget and Forward Estimates period, in order to ensure cash reserves are maintained at a reasonable level.
Treasurer's Advance
Funds available under Section 18 of the FMA for expenditure in excess of specific appropriations or not specifically provided for by existing appropriations.
Trust Money
Money an agency holds in trust on behalf of a third party.  The agency acts as administrator of funds, and is not permitted to spend these funds on the agency’s controlled activities.  This money is accounted for separately from either departmental or territorial money.
User Charges
Revenues resulting from the sale of goods and services to consumers.  User charges include revenue that the reporting agency controls, and excludes Territory (administered) revenue.  User charges exclude government payment for outputs.

ABBREVIATIONS
AASB	Australian Accounting Standard Board	
ABS	Australian Bureau of Statistics	
ACCC	Australian Competition and Consumer Commission	
ACROD	The disability service providers’ national peak body (ACT division)	
ACT	Australian Capital Territory	
ACTBIS	ACT Business Incentive Scheme	
ACTC	Australian Capital Tourism Corporation (previously known as CTEC)	
ACTCOSS	ACT Council of Social Service	
ACTG&R	ACT Gambling and Racing Commission	
ACTIA	ACT Insurance Authority	
ACTIM	ACT Information Management	
ACTION	ACT Internal Omnibus Network	
ACTNET	ACT Voice and Data Communications Network	
ACTP	ACT Policing	
ACTPLA	ACT Planning and Land Authority	
ACTPS	ACT Public Service	
AEU	Australian Education Union	
AFP	Australian Federal Police	
AHCA	Australian Health Care Agreement	
AIFRS	Australian International Financial Reporting Standard	
AIHS	Australian International Hotel School	
AJAC	Aboriginal Justice Advisory Committee	
ANTA	Australian National Training Authority	
ANTS	A New Tax System	
ANZECC	Australian and New Zealand Environmental and Conservation Council	
ATO	Australian Taxation Office	
AUV	Average Unimproved Land Value	
AWAC	Animal Welfare Advisory Commission	
AWE	Average Weekly Earnings	
AWOTE	Average Weekly Ordinary Time Earnings	
BBA	Budget Balancing Assistance	
BCA	Building Control Application	
BLIS	ACT Business Licence Information System	
BRC	Belconnen Remand Centre	
BSB	Business Service Bureau	
CBC	Canberra Business Council	
CCSERC	Conservation Council of the South-East Region and Canberra	
CFC	Cultural Facilities Corporation	
CFU	Central Financing Unit	
CGC	Commonwealth Grants Commission	
CHC	Community Housing Canberra	
CIC	Criminal Injuries Compensation	
CIT	Canberra Institute of Technology	
CLASP	Community Liaison Advisory Safety Program	
CMD	Chief Minister’s Department	
COAG	Council of Australian Governments	
COE	Compensation of Employees	
COTA	Council On The Ageing	
CPA	Competition Principles Agreement	
CPI	Consumer Price Index	
CSF	Canberran Schizophrenia Fellowship	
CSHA	Commonwealth-State Housing Agreement	
CSS	Commonwealth Superannuation Scheme	
CSO	Community Service Obligations	
CSTDA	Commonwealth State/Territory Disability Agreement	
CTEC	Canberra Tourism and Events Corporation (now known as ACTC)	
DA-ACT	Diabetes Australia ACT	
DDHCS	Department of Disability, Housing and Community Services	
DED	Department of Economic Development	
DFD	Domestic Final Demand	
DJCS	Department of Justice and Community Safety	
DPP	Director of Public Prosecutions	
DoHA	Department of Health and Ageing	
DUS	Department of Urban Services	
DT	Department of Treasury	
DTMS	Department of Territory and Municipal Services	
EBA	Enterprise Bargaining Agreement	
EBT	Expense(s) on Behalf of the Territory	
EEO	Equal Employment Opportunity	
EPIC	Exhibition Park In Canberra	
EPP	Environmental Protection Policy	
ESA	Emergency Services Authority	
ESD	Electronic Service Delivery	
FAGs	Financial Assistance Grants	
FAP	Fisheries Action Program	
FHOG	First Home Owner Grant Scheme	
FMA	Financial Management Act 1996	
FOI	Freedom of Information	
FTE	Full-time Equivalent (in relation to staff positions)	
GAAP	Generally Accepted Accounting Principles	
GAO	Government Audit Office	
GBE	Government Business Enterprise	
GDP	Gross Domestic Product	
GFS	Government Finance Statistics	
GGS	General Government Sector	
GIS	Geographic Information System	
GMA	Guaranteed Minimum Amount	
GOSMI	Gross Operating Surplus & Gross Mixed Income	
GPO	Government Payment for Output	
GRA	General Revenue Assistance	
GSD	Government Service Delivery	
GSP	Gross State Product	
GST	Goods and Services Tax	
GSTAS	Goods and Services Tax Administration Sub-Committee	
HACC	Home and Community Care	
HCG	Health Care Grant	
HFE	Horizontal Fiscal Equalisation	
HoTs	Heads of Treasuries	
HRMS	Human Resource Management System	
ICM	Integrated Catchment Management	
ICRC	Independent Competition and Regulatory Commission	
IEDA	Indigenous Education Direct Assistance	
IESIP	Indigenous Education Strategic Initiatives Programme	
IFRS	International Financial Reporting Standard	
IGA	Intergovernmental Agreement on the Reform of Commonwealth‑State
Financial Relations	
InTACT	Information Technology in the ACT	
IPARC	Independent Pricing and Regulatory Commission	
IR	Industrial Relations	
IT&T	Information Technology and Telecommunications	
KRA	Key Result Area	
LAMS	Legislative Assembly Ministerial Staff	
LAPAC	Local Area Planning Committee	
LCA	Loan Council Allocation	
LDA	Land Development Agency	
MBA	Master Builders Australia	
MNW	Minor New Works	
MTA	Motor Traders Association	
MYEFO	Mid-Year Economic and Fiscal Outlook	
NCA	National Capital Authority	
NCC	National Competition Council	
NCP	National Competition Policy	
NEIS	New Enterprise Incentive Scheme	
NDRA	Natural Disaster Relief Arrangements	
NEPC	National Environment Protection Council	
NEPM	National Environmental Protection Measures	
NGO	Non-Government Organisation	
NHT	National Heritage Trust	
NTER	National Tax Equivalent Regime	
OCYFS	Office of Children, Youth and Family Support	
OGF	Oracle Government Financials	
OH&S	Occupational Health and Safety	
PHOFAs	Public Health Outcome Funding Agreements	
PSS	Public Superannuation Scheme	
PSSap	Public Superannuation Scheme Accumulation Plan	

PTE	Public Trading Enterprise	
Rhodium	Rhodium Asset Solutions	
RBA	Reserve Bank of Australia	
RBT	Revenue(s) on Behalf of the Territory	
RDF	Racecourse Development Fund	
RIS	Regulatory Impact Statement	
RRP	Revenue Replacement Payments	
RSPCA	Royal Society for the Prevention of Cruelty to Animals	
SAA	Strategic Asset Allocation	
SAAP	Supported Accommodation Assistance Program	
SACS	Social and Community Service Award	
SBI	State Budget Impacts	
SEP	Statement of Estimated Payments	
SFC	State Fiscal Contribution	
SFD	State Final Demand	
SFN	Special Fiscal Needs	
SLA	Service Level Agreement	
SPA	Superannuation Provision Account	
SPPs	Specific Purpose Payments	
SRA	Special Revenue Assistance	
TPA	Trade Practices Act	
TUC	Territory Unencumbered Cash	
UPF	Uniform Presentation Framework	
VETA	Vocational Education and Training Authority	
VMO	Visiting Medical Officer	
WAC	Water Abstraction Charge	
YCACT	Youth Coalition of the ACT