Annual Report 2018-2019 Essential Services Commission of South Australia
Tabled paper 1481
Tabled Papers for 13th Assembly 2016 - 2020; Tabled Papers; ParliamentNT
2019-11-27
Deemed
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.
English
Tabled papers
Department of the Legislative Assembly
Darwin
application/pdf
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https://www.legislation.gov.au/Details/C2019C00042
https://hdl.handle.net/10070/755171
https://hdl.handle.net/10070/768714
Essential Services Commission Notes to and forming part of the financial statements for the year ended 30 June 2019 20 employment on-cost calculation. The net financial effect of the change on employment on-costs and employee benefit expense is immaterial. Under the Payroll Tax Act 2009, the payroll tax rate remained at 4.95% in 2019. The rate is used in the payroll tax calculation for long service leave and annual leave. 7.2. Provisions 2019 2018 $'000 $'000 Current Workers' compensation 4 4 Total current provisions 4 4 Non-current Workers' compensation 5 6 Total non-current provisions 5 6 Total provisions 9 10 Carrying amount at the beginning of the period 10 4 Additional provisions recognised ( 1) 6 Carrying amount at the end of the period 9 10 A provision has been reported to reflect unsettled workers compensation claims. The workers compensation provision is based on an actuarial assessment of the outstanding liability as at 30 June 2019 provided by a consulting actuary engaged through the Office of the Commissioner for the Public Sector. The provision is for the estimated cost of ongoing payments to employees as required under current legislation. The Commission is responsible for the payment of workers compensation claims. 7.3. Other liabilities 2019 2018 $'000 $'000 Current Unearned revenue 38 - Total current other liabilities 38 - Total other liabilities 38 - Unearned revenue is recognised where cash is received by the Commission for licence and administration fees prior to the date of renewal.