Territory Stories

Budget 2012-2013 Budget Paper No.3 The Budget



Budget 2012-2013 Budget Paper No.3 The Budget

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Tabled paper 1785


Tabled papers for 11th Assembly 2008 - 2012; Tabled papers; ParliamentNT




Tabled By Delia Lawrie


Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.




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279 Revenue Summary CATEGORY 2011-12 Estimate 2012-13 Budget Variation $000 $000 $000 Taxation Revenue 482 619 510 138 27 519 Grants and Subsidies Revenue 3 915 850 3 646 156 - 269 694 Sales of Goods and Services 418 077 438 149 20 072 Interest Revenue 289 564 327 573 38 009 Royalties, Rents and Dividends 180 230 163 954 - 16 276 Gain/Loss on Disposal of Assets 7 038 8 513 1 475 Other Revenue 102 107 69 115 - 32 992 TOTAL 5 395 485 5 163 598 - 231 887 Overview This part of Budget Paper No. 3 provides a detailed breakdown of the revenue received by Northern Territory Government agencies, business divisions and the Central Holding Authority (CHA). Each revenue category is described and key variations summarised. Revenue earned by the Northern Territory Government is broadly classified into either agency revenue or Territory revenue and can be disaggregated into functional categories. Agency revenue is earned through voluntary exchange transactions or fees paid for services. Examples of agency revenue are charges for the use of Government facilities, training course fees and sales of government products such as maps. Revenue earned by government business divisions (GBDs), and some payments from the Commonwealth to undertake certain services on their behalf, are also classified as agency revenue. Agency revenue is paid into agency operating accounts and is retained by the agency and used to meet related expenses. Territory revenue is paid to the CHA. This includes revenue received from compulsory statutory fees or taxes, such as payroll tax, stamp duty, motor vehicle registration fees and fines. Goods and services tax (GST) revenue is classified as Territory revenue as are Specific Purpose Payments (SPP) and National Partnership (NP) payments which are provided under the 2008 Intergovernmental Agreement on Financial Relations (IGA) from the Commonwealth. Territory revenue is collected and administered by agencies on behalf of the CHA and reported separately as Income Administered for the CHA. Territory revenue is the source of funds for appropriation provided to agencies (see Part 1). Territory and agency revenue is recorded in the financial statements of each agency included in Part 1 of this Budget Paper. This part of Budget PaperNo.3 shows, for each revenue category, the revenue earned by each agency and government business division, including revenue from both external clients and Territory Government entities. Following each table is a description of each revenue category and significant variations (where applicable). Revenue is also reported in Budget Paper No. 2, but on a whole of government basis. In Budget Paper No. 2, transactions between Territory Government entities are consolidated and therefore total revenue and aggregates for some revenue categories will differ from those in Budget Paper No. 3. An example where total revenue varies between

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