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DEPARTMENT OF STATE
DEVELOPMENT BUSINESS AND
INNOVATION ANNUAL REPORT
2013-14
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DSDBI ANNUAL REPORT 2013-14
This 2013-14 Annual Report covers the Department of State Development, Business and Innovation, an individual entity.
Published by the Department of State Development, Business and Innovation. October 2014. Also published on dsdbi.vic.gov.au
Content coordination, design and production
Strategic Communication and Marketing Branch Department of State Development, Business and Innovation
Print managed by Finsbury Green. This document is printed on Envi Recycled which will help reduce global greenhouse gas emissions by more than 363 kgs CO2-e. This locally-made product is certified carbon neutral under the Australian Government’s National Carbon Offset Standard.
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Photography
Images courtesy of Energy and Earth Resources, Brand Victoria, Major Projects Victoria and Shutterstock Images
If you would like to receive this publication in an alternative format, please email [email protected]
This document is also available in an accessible format on the internet at dsdbi.vic.gov.au
© Copyright State of Victoria 2014. This publication is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968.
Authorised by the Victorian Government, Department of State Development, Business and Innovation 121 Exhibition Street, Melbourne VIC 3000 Postal Address: PO Box 4509, Melbourne VIC 3001
Tel: 1300 366 355
ISSN 2202-6924 (Print)
DSDBI 6823
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 1
CONTENTS01 OVERVIEW 2
Secretary’s foreword 3
Department overview 5
Major department changes during 2013-14 5
Organisational chart 6
Governance arrangements 8
Highlights for 2013-14 10
02 SIGNIFICANT ACHIEVEMENTS AND OTHER HIGHLIGHTS AGAINST STRATEGIC OBJECTIVES 12
Assist businesses in accessing skilled workers to align with Victoria’s industry needs 13
Promote Victoria to attract tourists, investors and students 15
Support organisations to boost their productivity through innovation 18
Provide market intelligence and assistance to organisations to make it easy to invest in Victoria 22
Create more opportunities for Victorian businesses to grow and become more productive and competitive in the global marketplace 25
Promote the delivery of safe, reliable and competitive energy services, and grow a sustainable resources sector 31
03 FINANCIAL REPORT 34
04 APPENDICES 116
2 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
01 OVERVIEW
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 3
01 OVERVIEW
Trade
In recent years the department’s Trade Engagement Program has been highly successful in promoting Victorian industry capability and providing direct support for companies to develop new skills and export markets. Building on the positive momentum generated in previous years, in 2013-14 the department conducted a series of outbound trade missions for 900 organisations, including four Super Trade Missions (STM) to China, the Middle East and Turkey, India and South-East Asia. Alongside the STM Program the Victorian Government also continued its series of smaller-scale targeted trade missions, including a mission to the USA to promote Victoria’s strong defence and aerospace capabilities and develop relationships formed on previous defence missions. Complementing the outbound trade mission program, the department conducted 12 inbound trade missions including International Food and Beverage Week, Australian Automotive Week and the Melbourne-Latin America Education Symposium.
To encourage growth in Victoria’s tourism market, in 2013 Tourism Victoria launched two pivotal strategies, Victoria’s 2020 Tourism Strategy and Victoria’s Regional Tourism Strategy 2013-16, providing industry leadership for the future. Victoria’s 2020 Tourism Strategy outlines the Government’s plan to increase overnight tourism expenditure to $24.7 billion by 2020. This represents annual growth of 6.6 per cent, in line with the long-term national tourism strategy. Victoria’s Regional Tourism Strategy was developed to stimulate tourism in regional areas and ensure that regional Victoria will share the economic benefits of the tourism market. Tourism Victoria will implement both strategies in partnership with regional tourism boards, local government, industry and other stakeholders to increase visitation to the state, particularly regional Victoria.
ECONOMIC CONTEXT
Economic conditions in the state were subdued but stable in 2013-14. Victoria’s economic growth over the year continued to reflect an economy hampered by fluctuating consumer and business sentiment and weak private investment and jobs growth. State final demand rose 1.8 per cent over the year to March 2014 with consumption contributing almost all the growth over that period, although housing investment was also important.
While interest rates remained low, limited overall demand meant that businesses were cautious and focused on maintaining markets rather than investing for growth. This is reflected in a slight decline in private business investment in the year to March 2014. The declining share of manufacturing in the economy – a transition which has been occurring for at least twenty years – will mean a smaller ongoing contribution from manufacturing to business investment but ultimately a more diverse economy with greater resilience to industry-specific shocks.
Employment conditions in Victoria have remained soft with the rate of job growth trailing population growth. Unemployment has risen while participation has trailed off, partly due to the ageing of the workforce but also due to weak employment demand and scarce opportunities. However, despite this, labour market conditions are stronger than experienced in previous periods of adjustment such as the early 1990s. Population growth has remained a key support for the labour market, fuelled by both net overseas and interstate migration, reflecting the attractive liveability and sound economic prospects of the state.
Positive outcomes were seen in relation to exports, with exports from Victoria growing during 2013. Goods exports grew strongly, led by food items, while tourism was a major area of growth in services exports. Exchange rates moderated during 2013, compared with highs in recent years. However, they have strengthened slightly again in 2014, leading to growing import competition.
After a period of restrained growth, Victoria’s economic performance looks set to improve in 2014-15. Buoyed by stronger household consumption and private investment, real gross state product is
SECRETARY’S FOREWORD
forecast to grow to 2.5 per cent in 2014-15 from a forecast 2.0 per cent in 2013-14. These improved conditions will complement the state’s existing strengths, including our links to emerging and established economies in Asia, the United States of America (USA) and Europe; our world-class health and education sectors; our significant natural resources base; and the attraction of Melbourne to international tourists and associated activities such as major events and conventions.
THE DEPARTMENT
2013-14 was a year of change and consolidation at the Department of State Development, Business and Innovation (DSDBI) as the department incorporated three new functions - energy and earth resources, whole-of-Victorian Government (WoVG) information and communication technology (ICT) and Regional Development Victoria (RDV) - and established the Office of State Development (OSD) to streamline investment facilitation activities.
The department’s chief aim – to encourage economic growth through a supportive business environment – is underpinned by a focus on expanding markets for Victorian businesses, attracting foreign investment to the state and enhancing business productivity through innovation and red tape reduction.
The department’s Business Engagement Model supports our efforts towards these objectives by enabling us to work directly with businesses to understand their needs. Over the year the department’s Business Development Managers, based in five metropolitan and 18 regional offices, as well as 17 international Victorian Government Business Offices (VGBO) engaged with 13,000 companies.
Details of the department’s achievements in 2013-14 are contained throughout this report. They confirm that DSDBI has had a successful year.
4 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
01 OVERVIEW
Whole of Victorian Government ICT
The Government’s ICT performance is a key focus for the department. In March 2014, a refreshed Victorian Government ICT Strategy was released to further improve digital channels for citizens and businesses, and standardise systems and processes to improve the productivity of government. Significant savings have been achieved through renegotiation of WoVG telecommunications and software licensing contracts, reflecting the commitment to be more strategic in the procurement of ICT products and services and achieve better value for money.
Business competitiveness and consumer support
The department has also continued its efforts to support Victorian small businesses at a regulatory and enterprise level. Amendments to the Small Business Commissioner Act 2003 were passed to strengthen the powers and functions of the Victorian Small Business Commissioner to improve low cost business-to-business dispute resolution services. The Commissioner now has specific authority to help small businesses in dispute with Victorian government departments, local councils and other Government agencies.
In 2013 the first ‘Support Small Business Day’ was held to encourage Victorians to explore their local community and spend at local small businesses.
The earth resources sector makes a significant contribution to the Victorian economy, employing over 7,700 Victorians and contributing $6.4 billion to Victoria’s gross state product. A safe, reliable and competitive energy sector is crucial to Victoria’s competitiveness and consumer wellbeing.
In order to improve information to energy consumers and maximise the benefits of smart meters, in September 2013 the Government supported energy retailers to launch flexible electricity pricing options which will give Victorian consumers more choice and a new independent online tool to help consumers choose pricing plans that can save them money. The My Power Planner electricity price comparison website, the first of its kind in Australia, has provided price comparisons and identified annual savings to over 70,000 customers.
Investment
The department continued to actively pursue investment in the state by local and international companies. In 2013-14, the department investment attraction and facilitation activities helped create 6,300 full-time equivalent (FTE) jobs across 200 major investment projects worth more than $2.6 billion. A headline project was Exelis, a global defence company establishing its Asia Pacific regional headquarters in Melbourne. The department’s investment attraction and facilitation activities were further supported by the introduction of the Significant Investment Desks in VGBOs in China (Shanghai), United Kingdom (UK)/Europe (London), South-East Asia (Kuala Lumpur) and India (Bangalore). The desks provide Victoria with an opportunity to capitalise on its position as the leading Australian destination for business and investor migrants.
The Major Projects portfolio achievements in 2013-14 included substantial progress on the first stage of the $366 million Melbourne Park Redevelopment which will be completed in time for the 2015 Australian Open. Substantial progress was also achieved on the $45 million Galleries of Remembrance Project, which developed a new gallery and education space underneath the Shrine of Remembrance. Practical completion was achieved approximately 12 weeks ahead of schedule and on budget. In late June 2014 the Premier of Victoria the Hon. Dr Denis Napthine MP, the Hon. David Hodgett MP and the Hon. Kim Wells MP officially opened the $109 million Victorian Emergency Management Training Centre (VEMTC), a world-class emergency services training facility located in Craigieburn, which gives all Victorian emergency services agencies access to real-life firefighting training scenarios.
Recognising that strategic investment in Victoria’s mining industry is needed to maximise the sector’s potential, in 2013-14 the department established Minerals Development Victoria (MDV) as a single point-of-entry for investors and the lead agency for facilitating approvals for new resource projects and developments in Victoria.
Regional development
In response to the recommendations of the Victorian Bushfires Royal Commission in 2013-14 the department began rolling out the Powerline Bushfire Safety Program (PBSP). In the first half of 2014, approximately 45 kilometres of powerlines were replaced with underground or aerial bundled cable in high fire risk areas (including work in the Otway Ranges and the Dandenong Ranges) and 30 back-up power generators were installed in residential care facilities for vulnerable Victorians.
RDV continued to support projects that drive regional economies and help manage regional growth. For example, in 2013-14 the Regional Growth Fund (RGF) committed $1.2 million to the development of Philip Island’s tourism offerings, and $1.5 million towards Burra Foods’ $22 million expansion of its infant formula production facility in Korumburra, illustrating the diverse ways in which the productive potential of regional industries can be strengthened through careful government investment.
Conclusion
The department has demonstrated its ability to remain focused during a period of change and I would like to thank all officers for their continuing hard work and professionalism.
Howard Ronaldson Secretary Department of State Development, Business and Innovation
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 5
01 OVERVIEW
DEPARTMENT OVERVIEWMAJOR DEPARTMENT CHANGES DURING 2013-14
MISSION STATEMENT
DSDBI is the Victorian Government’s lead agency for the promotion and facilitation of the state’s economic development. The department develops and implements a diverse range of programs, initiatives and projects designed to attract and facilitate investment, encourage exports, generate job opportunities, stimulate innovation and promote Victoria nationally and internationally.
OBJECTIVES
> Assist businesses in accessing skilled workers to align with Victoria’s industry needs
> Promote Victoria to attract tourists, investors and students
> Support organisations to boost their productivity through innovation
> Provide market intelligence and assistance to organisations to make it easy to invest in Victoria
> Create more opportunities for Victorian businesses to grow and become more productive and competitive in the global marketplace
> Promote the delivery of safe, reliable and competitive energy services, and grow a sustainable resources sector.
VALUES
The department has embraced the organisational values of accountability, respect, responsiveness, integrity, impartiality and leadership, which are outlined in the Public Administration Act 2004.
CHANGES IN MINISTERIAL APPOINTMENTS
On 17 March 2014, on the advice of the Premier of Victoria the Hon. Dr Denis Napthine MP, the Governor of Victoria His Excellency the Hon. Alex Chernov AC QC withdrew the following Ministerial appointments relevant to the department:
> The Hon. Louise Asher MP, as Minister for Innovation, Services and Small Business
> The Hon. Nicholas Kotsiras MP, as Minister for Energy and Resources.
The Governor of Victoria made the following Ministerial appointments:
> The Hon. Louise Asher, MP, as Minister for Innovation
> Mr Russell Northe MP, as Minister for Energy and Resources and Minister for Small Business.
6 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
01 OVERVIEW
PARLIAMENTARY SECRETARY TOURISM AND TRADE
Tim McCurdy MP
VICTORIAN SMALL BUSINESS COMMISSIONER
Geoff Browne
RISK AND AUDIT COMMITTEE
SECRETARY
Howard Ronaldson
TOURISM AND AIRLINE SERVICES Chief Executive/ Deputy SecretaryLeigh Harry
Strategy, Policy and Corporate Services
Tourism Investment Attraction
Tourism Marketing
> International Marketing and Air Services
> Destination and Product Marketing
> Destination Communication
> Online Marketing
TRADE, MANUFACTURING, AVIATION AND EMPLOYMENTDeputy SecretaryMarion Van Rooden
Aviation, Defence and Aerospace
Industry Programs
International Education, Migration and Employment
International Victorian Government Business Offices
Trade
ENERGY AND EARTH RESOURCESDeputy SecretarySandra Denis
CarbonNet Project
Earth Resources Development
Energy Sector Development
Energy Technology Innovation
Strategic Policy Energy and Earth Resources
OFFICE OF THE CHIEF OPERATING OFFICER Chief Operating OfficerSue Jaquinot
Inner Melbourne VGBO
Northern Metropolitan VGBO
Southern Metropolitan VGBO
Eastern Metropolitan VGBO
Western Metropolitan VGBO
INNOVATION, SERVICES, SMALL BUSINESS AND TECHNOLOGYChief Technology Advocate/Deputy SecretaryGrantly Mailes
Digital Government
ICT Innovation
ICT Procurement
Innovation, Technology and Industry Programs
Small Business
ORGANISATIONAL CHARTDepartment of State Development, Business and Innovation (at 30 June 2014)
MINISTER FOR ENERGY AND RESOURCESMINISTER FOR SMALL BUSINESS
The Hon. Russell Northe MP
MINISTER FOR INNOVATIONMINISTER FOR TOURISM AND MAJOR EVENTSMINISTER FOR EMPLOYMENT AND TRADE
The Hon. Louise Asher MP
MINISTER FOR MAJOR PROJECTSMINISTER FOR MANUFACTURING
The Hon. David Hodgett MP
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 7
01 OVERVIEW
PARLIAMENTARY SECRETARY FOR REGIONAL DEVELOPMENT
Peter Crisp MP
RED TAPE COMMISSIONER
John Lloyd
MAJOR PROJECTSDeputy SecretaryPeter Noble
Governance and Business Services
Major Projects Victoria
Portfolio Client Projects
State Development Project Delivery
REGIONAL DEVELOPMENT VICTORIAChief Executive/ Deputy SecretaryLachlan Bruce
Business Engagement
Economic Infrastructure
Regional Offices
> Aboriginal Affairs > Regional Delivery > Sport and Recreation > Planning > Regional Management
Forums > Regional Business
Engagement > Regional Development
Australia
Regional Policy and Planning
Regional Programs and Recovery
CORPORATE, PLANNING AND COMPLIANCE SERVICESDeputy SecretaryRob Barr
Crisis and Emergency Management
Earth Resources Regulation Victoria
Finance and Business Services
Human Resources
Information Management and Technology
Legal, Audit and Risk
Strategic Communication and Marketing
Strategic Planning and Ministerial Services
POLICYDeputy SecretarySam Rosevear
Cabinet and Legislative Services
Infrastructure Policy
International Policy
Mining Warden
Policy and Research
Regulation Policy
OFFICE OF STATE DEVELOPMENTDeputy SecretaryMatt Carrick
International Marketing and Business Events
Invest Assist
Invest Victoria
Regulation Review
State Development Projects
MINISTER FOR TECHNOLOGYMINISTER RESPONSIBLE FOR THE AVIATION INDUSTRY
The Hon. Gordon Rich-Phillips MLC
MINISTER FOR STATE DEVELOPMENT MINISTER FOR REGIONAL AND RURAL DEVELOPMENT
The Hon. Peter Ryan MP
MINISTER FOR REGIONAL CITIESThe Hon. Dr Denis Napthine MP
8 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
01 OVERVIEW
DEPARTMENT COMMITTEES
The Secretary is assisted by key committees, including the following:
Planning Committee
Chaired by the Secretary: assesses strategic plans of divisions and departmental entities on portfolio priorities, risks and financial performance (and financial viability of entities) to inform business planning, budget preparation and reporting.
Information Management and Technology Strategy Board
Chaired by the Deputy Secretary, Innovation, Small Business and Technology: provides strategies for information management initiatives and significant new business systems, and establishes the appropriate governance arrangements.
Information Management Governance Committee
Chaired by the Chief Operating Officer: ensures information management is in line with WoVG information management principles, monitors the implementation of the Managing Information Strategy, builds organisational capability in information management, and monitors and reports compliance with WoVG information-related standards.
Information Security Committee
Chaired by the Deputy Secretary, Corporate, Planning and Compliance Services: ensures information security practices, including policies, systems and employee awareness, are effective in maintaining the integrity of departmental information and are compliant with relevant legislation and standards.
Accredited Purchasing Unit
Chaired by the Deputy Secretary, Corporate, Planning and Compliance Services: oversees the department’s procurement and contracting process through delegated powers assigned by the Victorian Government Purchasing Board, excluding construction related projects and Tourism Victoria procurement which are separately governed.
The systems by which organisations are directed and controlled provide the foundations for sound decision-making and accountability.
The department’s governance framework:
> contains clearly defined structures and relationships
> has established processes for developing organisational strategy and direction
> ensures compliance and accountability
> maintains performance monitoring and review processes.
The Secretary, as head of the department, is accountable to the department’s Ministers for governance of the department. The Secretary chairs the Senior Management Meeting (SMM), the strategically focused leadership forum that comprises the Deputy Secretaries, the Director, Strategic Communication and Marketing, and the Executive Director Strategic Planning and Ministerial Services.
The SMM is responsible for:
> developing and monitoring the department’s strategic directions, consistent with government policy decisions
> setting and reviewing economic development policy and strategy
> setting the framework for critical processes to allocate resources across different divisions and activities
> prioritising work and allocating funding, within scope permitted by the budget process
> monitoring departmental performance in line with agreed key performance indicators
> establishing governance systems and processes
> communications and stakeholder management in relation to Ministers and external stakeholders
> developing and managing staff.
GOVERNANCE ARRANGEMENTS
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 9
01 OVERVIEW
Occupational Health and Safety Committee
Chaired by the Deputy Secretary, Corporate, Planning and Compliance Services: facilitates cooperation and consultation between the department and employees in instigating, developing and implementing initiatives designed to ensure the health and safety of employees and compliance with relevant occupational health and safety (OH&S) legislation.
People Committee
Chaired by the Chief Operating Officer: guides the development of departmental workforce and people strategies, shapes organisational culture and monitors the delivery of key initiatives and practices.
Environment Steering Committee
Chaired by the Deputy Secretary, Corporate, Planning and Compliance Services: endorses the department’s Environment Policy, environmental management system and Annual Environmental Management Program, and ensures compliance with relevant audit and reporting requirements.
Communications Management Committee
Chaired by the Director, Strategic Communication and Marketing: provides strategic oversight of key communications strategies and activities, ensuring they are best-practice and comply with WoVG and departmental communications requirements and standards.
Investment Committee
Chaired by an independent chair: ensures that the provision of grant funding to private sector recipients through the appropriation of public funds accords with government economic and/or business development policy objectives; reflects the department’s prevailing policies, standards and guidelines for the provision of grants; and is based upon prudent financial assessment and analysis as to the operational and financial viability of private sector recipients.
RISK AND AUDIT COMMITTEE MEMBERSHIP AND ROLESRisk and Audit Committee membership and roles:
> Michael Perry – Independent chair
> Fiona Bennett – Independent member (to March 2014)
> Peter Lewinski – Independent member
> Mark Darmody – Independent member.
The Risk and Audit Committee is an independent body established in accordance with the Financial Management Act 1994. It oversees and advises the Secretary on:
> the scope of work, performance and independence of internal audit
> the engagement and dismissal by management of any chief internal audit executive
> the scope of work, independence and performance of the external auditor
> the operation and implementation of the risk management framework
> matters of accountability and internal control affecting the operations of the department
> the effectiveness of management information systems and other systems of internal control
> the appropriateness of the accounting treatment and disclosure of significant and/or non-recurring transactions entered into by the department
> the sign-off of accounting policies
> the department’s process for monitoring compliance with laws and regulations and its own Code of Conduct, and Code of Financial Practice.
10 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
01 OVERVIEW
VICTORIA’S 2020 TOURISM STRATEGY
> The launch of this significant strategy provided details of plans to grow Victoria’s overnight tourism expenditure by 6.6 per cent annually.
INTERNATIONAL EDUCATION STRATEGY FOR VICTORIA 2013-2018 (IES)
> Released in October 2013, this strategy articulated the clear vision and detailed four action areas to support growth of Victoria’s largest export industry.
ESTABLISHMENT OF INNOVATION AND INVESTMENT FUNDS
> Funds with a value of $54 million were established to support Geelong and Melbourne North following Ford Australia and Alcoa Australia Ltd’s announcements to cease manufacturing in Australia. The $29.5 million Geelong Regional Innovation and Investment Fund (GRIIF) and the $24.5 million Melbourne North Innovation and Investment Fund (MNIIF) will support innovative projects that generate sustainable new jobs and enhance and diversify the two regions’ economies and employment bases.
LAUNCH OF THE DRIVING BUSINESS INNOVATION PROGRAM
> A new $16 million grants program was launched to provide small to medium businesses with access to grants to develop new products and services for government customers.
GLOBAL COMPANIES ATTRACTED TO MELBOURNE
> Melbourne continued to be a destination of choice for international companies, with Asurion, Grupo Aliberico, MUJI and H&M amongst significant companies announcing they would either establish offices or open their doors, creating hundreds of jobs in Victoria.
HIGHLIGHTS FOR 2013-14
STRENGTHENED BUSINESS ENGAGEMENT MODEL
> The department engaged 13,000 businesses through its enhanced business engagement model.
INVESTMENT FACILITATION AND JOB OUTCOMES
> DSDBI facilitated more than 200 investment projects worth more than $2.6 billion and projected to generate more than 6,300 jobs.
INAUGURAL VICTORIAN INTERNATIONAL EDUCATION AWARDS (VIEA)
> The department presented the inaugural VIEA which recognise outstanding achievement and excellence in international education in Victoria.
LAUNCH OF THE GLOBAL HEALTH MELBOURNE PLAN
> Launched in April 2014, the Global Health Melbourne Plan was developed to help showcase Victoria’s health goods and services in some of the world’s fastest-growing markets.
2014 REGIONAL VICTORIA LIVING EXPO
> In its third year, the Expo saw increased visitor numbers from previous years. The event continues to drive population and investment growth in regional and rural Victoria by showcasing to Melbournians all 48 regional and rural councils.
ESTABLISHMENT OF THE OFFICE OF STATE DEVELOPMENT
> OSD was established to drive Victorian growth and investment, and identify and capture significant investment opportunities for Victoria from both within Australia and internationally.
VICTORIA’S REGIONAL TOURISM STRATEGY 2013-16
> Released in December 2013, the department continued to progress work on the short and medium term actions laid out in the strategy across the five overarching policy areas.
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 11
01 OVERVIEW
FIRST SUPPORT SMALL BUSINESS DAY
> Support Small Business Day was held in October 2013 to encourage Victorians to explore and spend locally at more than half a million of Victoria’s local small businesses.
LAUNCH OF THE ESERVICES REGISTER
> A new ICT procurement portal was launched to provide a simplified process for Victorian ICT companies bidding for government work. More than 1,000 requests for quote were posted in its first year of operation.
ADVANCED LIGNITE DEMONSTRATION PROGRAM (ALDP)
> The department continued work on the program, which ultimately aims to produce high-value energy products for local and export markets.
ESTABLISHMENT OF MINERALS DEVELOPMENT VICTORIA
> MDV was established to assist investors to get new exploration, mining and quarrying projects through the multi-agency approvals process.
ADVANCED METERING INFRASTRUCTURE (AMI) PROGRAM
> The rollout of 2.6 million smart meters to Victorian households and small businesses through the AMI Program neared completion, ensuring the remotely read meters are now the standard electricity meter in Victoria.
POWERLINE BUSHFIRE SAFETY PROGRAM
> The department continued to deliver on Recommendations 27 and 32 of the Victorian Bushfire Royal Commission, including replacing approximately 45 kilometres of powerlines and installing 30 diesel back-up generators in regional and rural residential care facilities.
DELIVERY OF SIGNIFICANT MAJOR VICTORIAN INFRASTRUCTURE PROJECTS
> The department continued to play a prominent role in Victorian infrastructure development. Stage two of the $338 million Melbourne Park Redevelopment was announced, substantial progress was achieved on the $45 million Shrine: Galleries of Remembrance Project, and the $109 million VEMTC was opened. A design competition was held to redevelop Flinders Street railway station and surrounds, and significant progress was made on the relocation of Melbourne’s wholesale fruit and vegetable markets to Epping.
MELBOURNE RAIL CORRIDOR PROJECTS
> The department continued progressing business cases for Melbourne’s Richmond to Footscray rail corridor, focussing on four projects – E-Gate, Federation Square East, Richmond Station and Flinders Street Station.
TRADE MISSIONS SUPPORT ENGAGEMENT WITH INTERNATIONAL MARKETS
> The department hosted 900 Victorian organisations on 16 outbound trade missions, including STMs to China, the Middle East and Turkey, India and South-East Asia. These trade missions are projected to reap more than $914 million in export sales in the next 24 months.
REGIONAL GROWTH FUND
> In its third year, the RGF is an initiative providing $1 billion over eight years to regional and rural Victoria to help create more jobs and improved career opportunities. In 2013-14 the RGF continued to support a range of strategic and community led initiatives across regional and rural Victoria.
LATROBE VALLEY INDUSTRY AND EMPLOYMENT ROADMAP (LVIER)
> A total of 438 new jobs have now been created and 28 projects supported since the inception of LVIER in 2012 as a long-term plan for future industry and employment growth in the Latrobe Valley.
12 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
02 SIGNIFICANT ACHIEVEMENTS AND OTHER HIGHLIGHTS AGAINST STRATEGIC OBJECTIVES
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 13
02 SIGNIFICANT ACHIEVEMENTS
AND OTHER HIGHLIGHTS AGAINST STRATEGIC OBJECTIVES
INAUGURAL VICTORIAN INTERNATIONAL EDUCATION AWARDS
International education is Victoria’s largest export industry. The VIEAs showcase the innovative work of Victorian international education providers in delivering world-class education, and reward exceptional students with individual scholarships of $10,000. This year, three international students won scholarships and nine local educational institutions were acknowledged for their excellence. In 2013 RMIT University received the Premier’s Award - International Education Provider of the Year.
LAUNCH OF EMPLOYMENT START UP FOR BUSINESS GRANT PROGRAM
Launched in July 2013 by the Hon. Louise Asher MP, this $7.5 million program aims to assist up to 1,750 unemployed young Victorians aged 15–25 obtain work. Small and medium enterprises (SMEs) that employ a young Victorian receive a $4,000 grant towards accredited training tailored to a specific workplace and job description. The grant is paid in two instalments; $1,000 upon hiring into a role for at least 30 hours a week and $3,000 after 16 weeks’ employment and the start of accredited training.
EXPANDING THE HAMER SCHOLARSHIPS
The Hamer Scholarships were established in 2012 to improve the Victorian workforce’s Chinese language and cultural skills, and this year they were expanded to include Indonesia, Japan and Korea. Improving language skills and understanding of these unique and diverse cultures will help Victoria’s local industries and businesses to better engage with these dynamic markets. During the year 46 scholarships were awarded to Victorian professionals and students to undertake intensive language studies at selected universities and institutions.
ASSIST BUSINESSES IN ACCESSING SKILLED WORKERS TO ALIGN WITH VICTORIA’S INDUSTRY NEEDS
SIGNIFICANT ACHIEVEMENTS
BUSINESS ENGAGEMENT MODEL
The Business Engagement Model continued to help the department build close working relationships with businesses and capture important information, enabling the development of programs and policies to help businesses realise their full potential. Business Development Managers engaged with 13,000 businesses this past year and managed their needs through a network of local and international VGBOs and regional offices. This figure exceeded the target of 12,000 and consisted of 10,100 unique meetings and an additional 2,900 engagements through investment and trade opportunities, small business programs and export skills programs.
Highlights this year included:
> Ford Jobs Fair
> Virgin Australia Melbourne Fashion Festival
> Melbourne Celebrates Mining dinner
> Food innovation workshops with La Trobe University, RMIT University and other universities
> Christchurch Recovery Event.
INVESTMENT FACILITATION AND JOB OUTCOMES
In 2013-14 the department facilitated more than 200 investment projects worth more than $2.6 billion of capital investment which are projected to generate more than 6,300 full time equivalent jobs.
These results were achieved through the department’s strengthened Business Engagement Model. The investments were facilitated across offices in metropolitan Victoria, regional Victoria and the department’s international network.
14 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
02 SIGNIFICANT ACHIEVEMENTS AND OTHER HIGHLIGHTSAGAINST STRATEGIC OBJECTIVES
OTHER ACHIEVEMENTS
The Business in Transition Support (BiTS) Program is a $3 million initiative over four years to reduce the impact of retrenchments, particularly in manufacturing and in regional communities. To date BiTS has assisted 94 businesses and distributed more than 3,300 information packs to retrenched workers.
The Export Skills Program offers 16 workshops across four topics, free to any business across metropolitan Melbourne and regional Victoria. A total of 210 businesses accessed the service this year.
The Victorian Government committed $400,000 over four years to the Overseas Skills Registry which was launched this year. The Registry aims to encourage connections between Victorian employers and professional migrants with overseas qualifications living in Victoria.
This year Victoria nominated 1,487 skilled migrants for visas including 105 international PhD graduates who had studied in Victoria. The top industries for nominations were ICT, nursing, biotechnology and science.
Through the state nomination process Victoria nominated 1,123 new business migrants for visas.
The Employment Start Up for Indigenous Job Seekers Program provides placement services and support for indigenous jobseekers, and jobs-linked training and support for businesses seeking to employ Aboriginal people. This year $3.9 million was committed to find jobs for at least 380 indigenous people by June 2014. The department ended the year with 337 individuals completing 16 weeks of employment and 34 well on their way towards it.
In June 2014, the $3 million ICT Workforce Development Plan was launched to help ensure that Victoria’s ICT workforce can drive future innovation and economic growth.
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 15
02 SIGNIFICANT ACHIEVEMENTS
AND OTHER HIGHLIGHTS AGAINST STRATEGIC OBJECTIVES
PROMOTE VICTORIA TO ATTRACT TOURISTS, INVESTORS AND STUDENTS
SIGNIFICANT ACHIEVEMENTS
LAUNCH OF THE GLOBAL HEALTH MELBOURNE PLAN
The Government allocated $17.8 million over three years to deliver the Global Health Melbourne Plan – taking Victoria’s health strengths to the world. Health is a global growth market, driven by ageing populations and a growing middle class, especially in China and India. The plan will leverage Victoria’s world-renowned capabilities in health and aged care to capture this growth and create jobs and new trade opportunities, while also ensuring the highest quality health systems in Victoria.
2014 REGIONAL VICTORIA LIVING EXPO
The Regional Victoria Living Expo is a key initiative in the Government’s strategy to drive population and investment growth in regional and rural Victoria. 2014 was the Expo’s third year and brought all of Victoria’s 48 regional and rural councils together. Attracting more than 9,600 visitors, Melbournians were given the chance to better understand the opportunities regional and rural Victoria has to offer, and everything they needed to know to relocate there.
ESTABLISHMENT OF THE OFFICE OF STATE DEVELOPMENT
OSD was established on 1 July 2013 to focus on promoting Victoria as a place to invest and coordinate investment activities across the department.
A large of number of international investors and companies were actively assisted during the year leading to the attraction of 37 new international investors to Victoria. This resulted in approximately $400 million in capital investment and the creation of more than 1,400 new jobs.
SIGNIFICANT INVESTOR DIRECTORY AND DESKS IN SHANGHAI AND LONDON
Business migrants able to invest at least $5 million into complying investments can apply for the Significant Investor Visa and seek state or territory nomination. Launched in March 2013, the Significant Investor Services Directory provides an online listing of Victorian businesses offering significant investors relevant financial and legal advice.
A Significant Investor Desk was set up in the Shanghai VGBO to attract and service high net worth individuals who are interested in investing in Victoria. More than 150 events have been organised across China to promote Victoria as the preferred destination for private investment. More than 5,500 potential migrants and intermediaries sought information at these events.
The UK/Europe Significant Investor Desk in London has been in operation for about six months and has focused on establishing contacts and hosting a small number of events.
In 2013-14, Significant Investment Desks were also established in South-East Asia (Kuala Lumpur, Malaysia), and in India (Bangalore).
VICTORIA’S REGIONAL TOURISM STRATEGY 2013-16
Released in December 2013, Victoria’s Regional Tourism Strategy 2013-16 provides the platform for regional areas to benefit from the growth of Victorian tourism. Its five key priority areas are marketing, digital excellence, major events and business events, investment attraction and infrastructure support, and industry development.
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VICTORIA’S 2020 TOURISM STRATEGY
In mid-2013 Tourism Victoria launched Victoria’s 2020 Tourism Strategy to ensure Victoria realises its full potential as a tourism destination of choice for international travellers, particularly those from fast-growing Asian economies and across Australia. The strategy outlines the Government’s plan to grow overnight tourism expenditure within the state to $24.7 billion by 2020. This represents an annual growth of 6.6 per cent, in line with the long-term national tourism strategy. Tourism Victoria will implement the strategy in partnership with regional tourism boards, local government, industry and other stakeholders.
MELBOURNE REMOTE CONTROL TOURIST (RCT)
In October 2013, Melbourne launched the world’s first RCT, a continuation of Tourism Victoria’s successful Play Melbourne campaign. Using social media, camera technology and state-of-the-art interactivity, four RCTs live-streamed their adventures around Melbourne from 9-13 October 2013. The final statistics showed there were more than 233,000 unique visitors to the website, from 175 countries and 5,800 cities, who averaged more than six minutes each on the site. The campaign also attracted 1.59 million views on YouTube, digital advertising on online video websites, and 12,000 social media mentions, resulting in more than 60 million social media impressions.
CONNECT 2014
The Victorian Government sponsored Connect 2014, a two-day ICT and emerging technology exhibition featuring conferences, educational seminars, live demonstrations and technology zones. Senior-level executives learned about opportunities presented by evolving communication networks, devices and applications, whilst technology suppliers enjoyed direct access to decision makers, and the public saw the next generation of devices and products. Connect 2014 is an exciting, new ICT event in Victoria and is expected to grow significantly over the coming years.
VIRGIN AUSTRALIA MELBOURNE FASHION FESTIVAL
The Virgin Australia Melbourne Fashion Festival is one of the highlights of Melbourne’s major event calendar, stimulating retail and tourism while showcasing established and emerging local designers. This year’s Festival attracted more than 377,500 attendees, reached a global audience in excess of 650,000 via the Festival’s online activities, and achieved more than $90 million in publicity value. The Festival has a strong impact on the Australian fashion and retail sectors in terms of visitation, job creation, skills and business development. Spending prior to or as a result of attending a Festival fashion event was up 50.9 per cent in 2014 compared to 2013. Fashion events were also held in Bendigo, Ballarat, Castlemaine, Mildura and Rutherglen in 2014.
MELBOURNE SPRING FASHION WEEK 2013
The 2013 Melbourne Spring Fashion Week was a highly successful showcase of new Australian spring and summer fashion, and through its industry program, inspired best practice, innovation and business growth as well as promotion of Victoria’s creative business talent. The 2013 program launched Spring/Summer 2014-15 ready-to-wear collections across 213 events, and was attended by 45,000 people who collectively contributed $3.5 million to Melbourne’s economy via in-store purchases and hospitality expenditure.
INTERNATIONAL EDUCATION STRATEGY FOR VICTORIA 2013-2018
During the past year international education added $4.4 billion to the economy and generated more than 30,000 full-time jobs. Following their education in Victoria, many students return home to senior government and business roles and maintain strong and lasting links to Victoria. The IES was released by the Premier of Victoria the Hon. Dr Denis Napthine MP in October 2013 and seeks to position Victoria as the leading provider of education in the Asia Pacific region. The IES includes 19 initiatives across four strategic action areas: market development, quality education, student experience, and marketing and branding. The IES is supported by $17.5 million funding over four years.
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OTHER ACHIEVEMENTS
The third Indian Film Festival Melbourne reinforced the strong bonds between the Victorian and Indian film industry, featuring more than 40 films in 20 languages.
In March 2014, the Latin America Education Symposium brought together senior representatives from government, funding agencies, research institutes, universities and vocational training institutions from across Latin America and Victoria. Delegates discussed areas of common interest in research, education and industry-based training, and explored opportunities for partnerships and collaborations. Latin America is identified as a strategic market for further international education collaboration.
Five $90,000 Victorian International Research Scholarships were made available for PhD candidates commencing at Victorian universities in 2015.
The $90,000 Victoria India Doctoral Scholarships support talented Indian scholars to complete leading research that could benefit communities in both India and Victoria. The three 2014 recipients were announced at a Victorian Connection alumni networking event in Mumbai.
Melbourne hosted the National iAwards in August 2013, Australia’s premier awards program for recognising companies at the cutting-edge of technology innovation, and the nation’s leading ICT professionals. Victorian iAward winners were supported to attend the Asia Pacific ICT Awards ceremony held in Hong Kong in November 2013.
In an $8 million collaboration, world-leading software company Microsoft partnered with the University of Melbourne and the Victorian Government to establish a major research centre dedicated to new social interactive technologies.
Global company Exelis has established a state-of-the-art research and development (R&D), testing and systems integration facility in Melbourne that will support both local and export opportunities and create more than 60 new jobs.
PUBLIC TRANSPORT DISCOUNTS FOR INTERNATIONAL STUDENTS
Victoria is set to become an even more appealing destination for overseas students with a new scheme offering a 50 per cent discount on annual public transport tickets for eligible students. The scheme will be trialled for three years from 2015 in partnership with participating education providers.
MELBOURNE CELEBRATES MINING DINNER
The Victorian Government hosted the Melbourne Celebrates Mining dinner during the Mines and Money Conference in October 2013, and announced the International Mining and Resources Conference to be held in September 2014.
The event attracted more than 550 attendees from the mining and mining services sector including key decision makers from multinational agencies.
MELBOURNE FOOD AND WINE FESTIVAL
Launched at a pop-up kitchen, bar and rain garden anchored to the Yarra, the 2014 Melbourne Food and Wine Festival theme celebrated water. Around 250,000 people attended more than 200 events at a range of venues all around the state, including more than 70 events in regional Victoria. The Government will continue its successful partnership with the Festival. On 27 February 2014 the Government announced support for the 2014, 2015 and 2016 events.
MELBOURNE RETAIL AND HOSPITALITY STRATEGY 2013-17
Retail and hospitality contribute $8.7 billion or 10 per cent to the City of Melbourne’s economy each year. As part of a new four-year strategy, the City of Melbourne and the Victorian Government will work with businesses to encourage collaboration and innovation, find new ways of attracting people to the city, and maintain a diverse, authentic offering.
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THE MANUFACTURING HALL OF FAME
The Manufacturing Hall of Fame recognises the innovation, productivity and contribution made by manufacturers to the Victorian economy. Coordinated by the department, the theme of the 2014 Awards was Transformative Manufacturing Technologies, which highlighted technologies that increase productivity and site capacity while significantly reducing process time and energy use. The Manufacturer of the Year Awards went to SRX Global (Australia) (large business), Future Fibre Technologies (medium business) and Thermofilm Australia (small business). Tom Hartley of Hilton Manufacturing and Ralph Wilson Snr of Willow Ware Australia were recognised on the Honour Roll, and Matthew Arblaster of Bayer Material Science received the Young Manufacturer of the Year award.
ESTABLISHMENT OF THE OFFICE OF THE LEAD SCIENTIST (OLS)
Established in July 2013, the OLS supports activities that increase community awareness and engagement in science. Its broad range of activities include building multi-disciplinary links across different science and non-science based sectors, improving knowledge around collaboration and commercialisation models for science delivery, and sharing information on science achievements across industries, sectors and geographies.
THE PREMIER’S AWARD FOR HEALTH AND MEDICAL RESEARCH
Now in its 20th year, this award, coordinated by the department, recognises the early-career excellence of postgraduate researchers and celebrates their contribution to Victoria’s capability and leadership. The 2014 winner was Dr Jaclyn Pearson for her research work on complex immune system responses at the Peter Doherty Institute for Infection and Immunity. Commendees this year were Dr Peng Lei for his work with Alzheimer’s at the Florey Institute of Neuroscience and Mental Health, Dr Brett Manley for his work with premature babies at the University of Melbourne, and Dr David Riglar for his work on malaria at the Walter and Eliza Hall Institute of Medical Research.
SUPPORT ORGANISATIONS TO BOOST THEIR PRODUCTIVITY THROUGH INNOVATION
SIGNIFICANT ACHIEVEMENTS
GEELONG REGIONAL INNOVATION AND INVESTMENT FUND
The Victorian Government, in partnership with the Federal Government and Ford Australia, established GRIIF following Ford’s announcement that it would cease vehicle and engine manufacturing in Australia from October 2016. Alcoa Australia Ltd also agreed to contribute towards GRIIF in response to its announcement of the closure of its Point Henry aluminium smelter and two rolling mills in Australia by the end of 2014. The $29.5 million fund supports innovative projects for generating sustainable new jobs that enhance and diversify Geelong’s regional economy and employment base. The first successful grant of $5 million was awarded in March 2014 to Carbon Revolution, a firm making ‘one piece’ carbon fibre wheels. By building a larger Geelong facility the company is expected to create 108 new full-time jobs. To date, five projects have been awarded $8.4 million of grant funding towards new investments of over $44 million, creating more than 290 new jobs.
INNOVATION VOUCHER PROGRAM (IVP)
The IVP helps SMEs to start R&D and/or undertake innovation skills training to improve productivity and competitiveness. This year there were 88 Business R&D Vouchers of up to $25,000 each and 66 Innovation Skills Vouchers awarded, contributing to a total of more than 250 vouchers awarded since the program’s inception in September 2012. Voucher recipients included Albion Sports, makers of jockey and equestrian helmets; Deflecta, who will trial the effectiveness of its anti-microbial liquid; GippsAero, an aircraft maintenance and manufacturing business; and Monash University.
MELBOURNE NORTH INNOVATION AND INVESTMENT FUND
The Victorian Government, in partnership with the Federal Government and Ford Australia, established MNIIF following Ford’s announcement that it would close its Australian manufacturing operations. MNIIF is a $24.5 million competitive, merit-based grants program supporting new investment to create new or additional business capacity that results in sustainable jobs. To date, 15 projects have been awarded $17.7 million of grant funding towards new investments of over $87 million, creating more than 614 new jobs.
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MANUFACTURING PRODUCTIVITY NETWORKS (MPN) GRANTS
This program encourages SMEs to co-operate in strategic areas of business and exploit opportunities beyond the reach of each individual business. Over the year the program awarded grants with a total value of $1.7 million to 18 networks that will assist the productivity and competitiveness of 316 businesses.
VICTORIA PRIZE, VICTORIA FELLOWSHIPS AND POST-DOCTORAL RESEARCH FELLOWSHIPS
The Government provided a further $1.8 million to fund international research experiences for Victoria’s early-career researchers through Victorian Post-doctoral Research Fellowships, and will double the number of Victoria Prizes and Victoria Fellowships for another three years.
The winners of the 2013 Victoria Prize for Science and Innovation were Professor Lloyd Hollenberg for his ground-breaking work at the convergence of quantum mechanics and biology, and Professor Alan Cowman for his work over the past two decades to significantly increase understanding of the cause and treatment of malaria. A total of 12 Victoria Fellowships valued at $18,000 each were announced this year, and will enable early-career researchers in science, engineering and technology to undertake international study missions. Meanwhile, Victorian Post-Doctoral Research Fellowships are assisting six talented Victorian early-career researchers with a two-year overseas post-doctoral position in a leading research institute or university.
REFRESHED VICTORIAN GOVERNMENT ICT STRATEGY
The Victorian Government ICT Strategy was updated in 2014 and continues to provide high-level direction on the design and use of information and technology to deliver better government services while focussing on mobility and cloud-based solutions. The updated strategy aims to improve digital channels for citizens and business, develop a WoVG ICT service roadmap, standardise systems and processes to improve productivity, and strengthen government capability to innovate and manage risk.
TECHNOLOGY VOUCHER PROGRAM (TVP)
The TVP helps companies to adopt and develop new technologies with a voucher that is exchanged for access to facilities, goods, services, advice or expertise from Victorian companies or publicly-funded research organisations. This year more than 86 companies were awarded vouchers worth around $5 million.
LAUNCH OF THE DRIVING BUSINESS INNOVATION PROGRAM
This program links Victorian businesses with opportunities to develop innovative products and services for the Victorian public sector. In February 2014, the department issued 11 Technology Challenges to the health, water, waste management and agriculture business sectors. Successful SMEs were granted up to $75,000 each to undertake three-month feasibility studies for projects commencing in July 2014.
LAUNCH OF THE TECHNOLOGY INNOVATION FUND
Launched in December 2013, the $12 million Victorian Government Technology Innovation Fund forms part of a broader strategic approach that is looking at how technology can transform government service delivery, improve citizen engagement and increase productivity. In 2013-14, the fund received more than 50 applications from Victorian Government departments, agencies and statutory bodies as well as local government councils, industry associations, businesses, not-for-profits and community organisations. The first suite of projects will commence later in 2014.
INVESTING IN MANUFACTURING TECHNOLOGY (IMT) GRANTS
IMT promotes the growth, productivity and international competitiveness of manufacturing businesses by stimulating investment in new technologies. It is a major initiative under the Victorian Government’s A More Competitive Manufacturing Industry Strategy. In 2013-14, 37 companies were granted a total of $6.7 million to invest in new technology and equipment. These projects supported $34.3 million of investment and are anticipated to deliver 227 new jobs and transition 292 employees in to higher value roles.
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OTHER ACHIEVEMENTS
Melbourne continued to attract significant international conferences. Health and medical conferences in particular have brought more than $515 million to Melbourne since 2010. In 2013-14 Victoria hosted the World Federation of Haemophilia, the World Congress of Cardiology and the World Pharmaceutical Congress. The world’s premier games festival, Penny Arcade Expo (PAX), was held in Melbourne in July 2013. This was the first time the event had ever been held outside the USA and provided an opportunity to showcase the breadth and diversity of Victoria’s games development community. PAX was very successful with tickets sold out before the event began. PAX Australia 2014 has been confirmed and will be held at a larger venue, the Melbourne Conference and Exhibition Centre, in order to increase its capacity.
A large Victorian delegation went to San Diego for BIO 2014 to represent the state’s 170 biotechnology and pharma companies, 12 major medical research institutes and 10 internationally-recognised teaching hospitals.
The Building Global Bridges Program offered $75,000 to $400,000 for Victorian companies to develop partnerships with companies in Massachusetts, USA, and deliver life sciences R&D, manufacturing and commercialisation projects.
In September 2013 the department assumed responsibility for overseeing CenITex, the Victorian Government’s ICT shared services agency. This transfer better aligns governance and accountability for CenITex with the technology portfolio responsibilities for WoVG ICT and the Victorian Government ICT Strategy.
A key initiative of Victoria’s Technology Plan for the Future – Biotechnology, the Health Market Validation Program is a $15 million competitive grants program that encourages healthcare innovation. Four validation projects now underway are due to be completed by mid-2016.
$120 MILLION SAVED ON ICT CONTRACTS
The renegotiation of the Victorian Government’s ICT contracts this year saved $94 million to April 2014, and an anticipated $120 million to July 2014. Examples of how these savings were achieved include:
> launching the new eServices Register, an electronic marketplace in which suppliers and government buyers can transact
> renegotiating the Telecommunications Purchasing and Management Strategy arrangements for mobiles, voice, data and telephony, saving $9 million
> a new Enterprise Agreement with Microsoft that will save $8 million over three years
> a $500,000 saving from the renewed Server Virtualisation Enterprise Licence Agreement with VMware.
INDUSTRIES FOR TODAY AND TOMORROW (ITT) PROGRAM
Encouraging regional investment is a key government priority and the ITT Program targets regionally-based businesses, or businesses considering a regional location, that make a significant economic and employment contribution at local regional and/or state level. In 2013-14, the program secured over $170 million of capital investment which will generate more than 360 jobs in regional cities. This year’s investments included $12 million by Flavourwave to establish a new state-of-the-art hydroponic tomato growing operation in Katunga creating 90 direct jobs.
GROW YOUR BUSINESS
Grow Your Business is a business planning program that helps small businesses develop and implement strategies to become internationally competitive. The program offers businesses grants of up to $19,000 to engage an independent specialist to prepare a business plan with all grants requiring a proportion of matched funding.
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Research for the Aviation Industry Grants Program provides $500,000 in grants over two years to stimulate leading-edge and commercial-facing research in aviation. Grants of up to $30,000 are available on a competitive basis to tackle issues facing the aviation industry.
The design sector in Victoria generates $7.3 billion annually for the state’s economy, including more than $200 million in design-related exports. The annual Premier’s Design Awards recognise and celebrate excellence across Victoria’s design sector. The 2013 winner, Melbourne-based agency Local Peoples, was announced in October 2013.
In 2013-14 $40 million was committed to the Regional Connectivity Program to address gaps in mobile phone coverage in fire and flood prone areas. Travellers on V/Line’s VLocity carriages between Melbourne and Ballarat, Bendigo, Geelong, Seymour and Traralgon will also enjoy free public Wi-Fi.
Science awareness programs this year included Inspiring Australia, which connected Victorian businesses, promoted industry development, productivity and innovation, raised community awareness of science and fostered industry and research links. The Australian Science Media Centre, an independent, not-for-profit service now gives Australian journalists direct access to evidence-based science and expertise through the program.
In October 2013 the Northern Metropolitan VGBO held roundtables with food companies to identify opportunities for growth including export market development and key barriers to investment. The outcomes have informed collaborative initiatives between the VGBO and Regional Development Australia, Melbourne’s North Food Supply Processing and Manufacturing Plan, and La Trobe University and collaborators’ Food North Initiative, which is focused on identifying strategies to link R&D to the food and beverage sector.
The High Performance Consortium (HPC) comprises non-competing manufacturers that collaborate on continuous improvement, lean principles, world-class manufacturing and other improvement and efficiency practices. In March 2013 the Western Metropolitan VGBO linked the consortium with local manufacturers and provided HPC with a forum to discuss the benefits of participating in the consortium’s activities. During a business breakfast arranged by the VGBO and attended by 18 manufacturing businesses from Melbourne’s west, Innotherm Chief Executive Officer (CEO) Derek Lipka spoke of how HPC had accelerated and improved business in his engineering firm.
The VicConnect Project will create a private government cloud and an open market for government cloud services. It forms part of the VicConnect Program, which aims to reduce the cost of telecommunications services and give government departments access to new, inexpensive and powerful technologies. The 2014-15 State Budget provided $9.5 million over four years to implement this initiative to transform how the Government purchases and manages telecommunications and other ICT services.
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SIGNIFICANT ACHIEVEMENTS
GLOBAL COMPANIES ESTABLISH IN MELBOURNE
Significant international companies announced their move to Melbourne over the past year. Global technology insurer Asurion will create 300 new jobs by setting up two new technical support centres. Spanish manufacturer Grupo Aliberico is establishing an aluminium composite panelling manufacturing plant in Campbellfield and creating 24 jobs. Japanese retail giant MUJI opened its first two Melbourne stores, providing 40 new jobs, and has one more store planned. Retail giant H&M opened its first Australian store in Melbourne, creating 200 jobs and reinforcing the city’s status as Australia’s fashion capital.
SIGNIFICANT MAJOR VICTORIAN INFRASTRUCTURE PROJECTS
The National Tennis Centre (NTC)
The NTC forms part of stage one of the $700+ million Melbourne Park Redevelopment and provides Australian tennis with its first dedicated, state-of-the-art training facility for elite and emerging players.
Features of the building include:
> brilliant natural lighting without glare and a view out onto the AAMI Park stadium
> an ingenious design that overcomes the challenge of vibrations being transmitted from one court to another through a series of high tension cables embedded in the building’s slab that minimise vibration and allow all eight indoor courts to be used at once
> a highly energy efficient and environmentally friendly convection cooling system
> a range of other environmental features that have led to NTC being awarded an internationally-recognised ‘Leadership in Energy and Environmental Design’ Gold rating for ecologically sustainable development, the first of its kind to do so in Australia.
Since it opened the NTC has received a number of endorsements from elite Australian and overseas players.
Melbourne Park redevelopment – stage two
In 2013-14 the Victorian Government announced that Rod Laver Arena will be upgraded, and access to Melbourne Park vastly improved, under the second stage of Melbourne Park’s $338 million redevelopment. The major works will include:
> a new footbridge over Batman Avenue, connecting Melbourne Park with Birrarung Marr and Flinders Street Station
> significant upgrades to amenity, food service, patron comfort and accessibility at Rod Laver Arena
> a new administration and media building for Tennis Australia, Melbourne and the Olympic Parks Trust
> temporary media and broadcast facilities for the Australian Open.
Flinders Street Station design competition
In 2013 the Victorian Government held a competition to seek the best ideas from across the globe to re-energise Victoria’s iconic Flinders Street railway station and its surrounds, while maintaining its beloved heritage features. In August 2013 HASSELL + Herzog & De Meuron was announced as the competition winner. The People’s Choice Award winner was the design of Eduardo Velasquez, Manuel Pineda and Santiago Medina, Colombian students from the University of Melbourne.
Shrine: Galleries of Remembrance
To honour Australian servicemen and women in all wars and peacekeeping operations, the Victorian Government committed $45 million towards the Galleries of Remembrance Project at the Shrine of Remembrance. The project has redeveloped the Shrine’s undercroft space into a permanent exhibition space, created a new southern extension offering enhanced educational facilities and upgraded the existing visitor centre. The project will be delivered within budget and ahead of schedule, in time for Remembrance Day in 2014.
PROVIDE MARKET INTELLIGENCE AND ASSISTANCE TO ORGANISATIONS TO MAKE IT EASY TO INVEST IN VICTORIA
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Expected environmental outcomes of the market redevelopment include:
> more than 68,000,000 litres of drinking water saved each year
> improved water quality in urban run-off
> increased public awareness of stormwater management
> improved security of water supply without increasing greenhouse emissions
> improved access to non-potable water at the markets for the thousands of traders who will use the site daily.
MELBOURNE RAIL CORRIDOR PROJECTS
The department is progressing business cases for developing Melbourne’s Richmond to Footscray rail corridor.
The four projects that have the potential to revitalise the rail corridor are:
> E-Gate – revitalising one of the city’s last remaining industrial spaces for proposed mixed-use redevelopment
> Federation Square East – creating a new commercial, residential and civic precinct connecting the Central Business District (CBD) to the Yarra River and nearby sporting precincts
> Richmond Station – improving passenger interchange capacity and pedestrian access to the station and to Melbourne’s sport and entertainment precinct
> Flinders Street Station – improving the station, preparing for growth and developing its western end.
SIGNIFICANT INVESTOR BRIEFINGS
The Significant Investment Desks in China and the UK ran a number of Significant Investor Visa Investment and Migration seminars and meetings to provide information and support to potential clients and nominated Significant Investors. Information was provided on trade and investment opportunities in Victoria, and Victorian Government visa nomination and compliant investment requirements.
Victorian Emergency Management Training Centre
The opening in late June 2014 of the 10 hectare, $109 million world-class VEMTC in Craigieburn provides the emergency services sector with access to real-life fire-fighting training scenarios including road, rail, tunnel and marine fires, as well as urban search and rescue. The Centre supports a vital move towards inter-agency training and an all-hazards approach to emergency management to ensure the ongoing protection of all Victorians.
Environmental initiatives at the Centre include:
> a state-of-the-art water recycling system to capture and filter onsite stormwater and fire hose water for reuse in training exercises and a grey water system
> use of clean-burning propane gas to fuel all but one of the training fires
> capture of emissions from carbon and wood burning fires in an enclosed container to prevent pollution
> protection of Merri Creek’s environmentally sensitive flora and fauna.
Melbourne Market relocation
Significant progress was made during 2013-14 in the relocation of Melbourne’s wholesale fruit and vegetable market to Epping in Melbourne’s north. The trading floor was completed and Hansen Yuncken was appointed to build the warehouses.
The market is an important part of the state’s economic infrastructure, with an annual turnover in excess of $2 billion.
The new market will feature a storm water harvesting system with two components that will benefit the entire market precinct. Supported by the department and the City of Whittlesea, the first component will collect rainwater from the roof, clean it with a first flush and store it in underground tanks for use in toilet flushing, cleaning and irrigation, with surplus flowing into wetlands. The second component will involve the council using the wetlands water to irrigate nearby sports ovals and parks. The water will be cleaned naturally by the wetlands and then directed to the nearest council treatment and storage area.
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INVESTMENT ATTRACTION WORKSHOPS
The department regularly undertakes investment attraction activities designed to stimulate investment in Victoria. This year several local councils in the western metropolitan area sought assistance from the department to implement strategies that could stimulate investment in their local areas. The Western Metropolitan VGBO provided input into investment attraction planning workshops held by Moonee Valley and Melton City councils. It also hosted sessions with the department’s Invest Assist Team and organised an investment attraction session with Brimbank City Council representatives.
MNIIF BRIEFINGS TO COMPANIES
In response to Ford’s announcement that it would cease local manufacturing in 2016, Melbourne’s North Ford Response Joint Taskforce was established to bring together stakeholders in the north of Melbourne (including local governments). The Taskforce was the natural vehicle for briefing local government and other stakeholders on the newly-announced $24.5 million MNIIF. The cities of Moreland, Hume, Darebin and Whittlesea hosted industry briefings on MNIIF with the aim of maximising the number and quality of applications from businesses in the region, and investment and employment outcomes of the program. More than 240 business representatives attended five MNIIF information sessions.
STATE DEVELOPMENT ROUNDTABLES
In 2013-14, the department conducted two State Development Roundtables. The first event focussing on food and agribusiness gave industry leaders the opportunity to discuss investment and implementation of the Food to Asia Action Plan launched in March 2014. The second event targeting the transport, distribution and logistics industries involved key executives and discussed a range of topics including new investments into Melbourne Airport, a second container port for Melbourne and the latest on Melbourne’s third international container terminal at Webb Dock.
OTHER ACHIEVEMENTS
The Investment Support Program (ISP) provides financial support to attract investment to Victoria. ISP projects in 2013-14 included:
> GrainCorp Limited - a $105 million rationalisation, consolidation and expansion of the company’s edible oils and fats businesses in Victoria, creating 44 new jobs
> EnergyAustralia - a strategic government co-investment with EnergyAustralia to establish a new national contact centre in Geelong, creating 300 new full-time jobs and securing 500 existing jobs.
A sum of $25.2 million was allocated in the 2014-15 State Budget to kick-start stage one of the Ballarat West Employment Zone (BWEZ). This followed an initial investment of $835,000 from the $1 billion RGF to develop the $1.67 million BWEZ Implementation Report.
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> an agreement for Altona-based Qenos to export its world-class safety, health and environmental expertise to China
> Warrnambool Cheese and Butter securing a $10 million export deal to supply lactoferrin to China for infant formula and other dairy nutraceuticals products
> Melbourne Health signing Memorandums of Understanding (MOU) with two of China’s leading hospitals, bringing Victorian expertise in public health services to China
> the opening of the Monash University/ South-East University Joint Graduate School at Suzhou Industrial Park
> a partnership between Victoria’s Royal District Nursing Service and China’s Zhongshan College to develop aged care services in China.
Tourism highlights included the launch of the Victorian Government’s first official Chinese language visitor guide iPhone app, the Melbourne Travel Connoisseurs Program, and the delivery of a Melbourne Lifestyle Exhibition in Shanghai.
Middle East and Turkey STM
In February 2014 a delegation of more than 100 organisations, led by the Hon. Louise Asher MP, joined the Victorian Government’s third STM to the Middle East and Turkey.
More than 150 delegates representing food and beverage, agribusiness, education, sustainable urban design, fashion and marine businesses built on the success of previous STMs in 2012 and 2013, which generated $447 million in projected sales over a two year period.
Following the 2014 STM, participating companies have reported more than $305 million in sales.
South-East Asia STM
Victoria’s second STM to South-East Asia in June 2014 built on the success of 2013 and will generate anticipated export sales of approximately $230 million in the 24 months following participation in the mission. Companies in the food services, sustainable urban design, education, ICT and tourism sectors participated in organised events,
SIGNIFICANT ACHIEVEMENTS
TRADE MISSIONS
Trade missions are a centrepiece of the Victorian International Engagement Strategy. In 2013-14, 16 outbound trade missions included STMs to China, the Middle East and Turkey, India and South-East Asia. Collectively these missions supported 900 organisations to engage with international markets, generating projected export sales of more than $914 million for the 24 month period following participation in the trade missions.
China STM
In October 2013, the China STM was led by the Premier of Victoria the Hon. Dr Denis Napthine MP, the Hon. Louise Asher MP, the Hon. Peter Walsh MP, and the Hon. David Hodgett MP.
The 2013 STM followed the highly successful 2012 STM and was themed around Victoria’s world-famous lifestyle and liveability. More than 400 delegates representing 300 companies travelled to nine cities. It is estimated that $390 million worth of sales will be generated over the next two years and more than 200 new jobs will be created as a direct outcome of the China STM.
Investment outcomes included the establishment of Australian Dairy Park’s infant formula blending and canning factory at Carrum Downs with plans to export around $30 million worth of product to China in its first year. The plant will create 30 new jobs and cost $10 million.
Highlights included:
> the establishment of a Significant Investor Visa Desk in the Shanghai VGBO to attract and service high net-worth individuals interested in investing in Victoria
> the official opening of BlueScope Steel’s new $60 million manufacturing plant in Xi’an, China
> three new agreements signed by Victorian ICT companies in Beijing
> Victoria-Jiangsu Business Placement Program offering Victorian businesses greater opportunities to engage Jiangsu Province companies
CREATE MORE OPPORTUNITIES FOR VICTORIAN BUSINESSES TO GROW AND BECOME MORE PRODUCTIVE AND COMPETITIVE IN THE GLOBAL MARKETPLACE
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02 SIGNIFICANT ACHIEVEMENTS AND OTHER HIGHLIGHTSAGAINST STRATEGIC OBJECTIVES
site visits and business-matching meetings in Malaysia, Indonesia, Singapore, Thailand and Myanmar. The STM focused on the region’s priority markets and leveraged Victoria’s significant existing government, business, cultural and personal connections to build deeper commercial engagement and new export opportunities.
India STM
In March 2014 the Hon. Louise Asher MP and the Hon. Gordon Rich-Phillips MLC led 100 Victorian companies and more than 130 delegates on Victoria’s third STM to India. More than 450 Victorian organisations have taken part in STMs to India.
The 2014 STM focused on the key industry sectors of education, health and aged care, ICT, sustainability (including cleantech and water) and tourism. STM delegates visited five cities across India including Mumbai, Bangalore, Delhi, Ahmedabad and, for the first time, Trivandrum.
The program included high-level business meetings and events with technology, finance, infrastructure and health sector organisations and government officials.
Companies that attended are expecting additional export sales of more than $38 million over the next two years.
Key outcomes included:
> announcement of a new public transport ticket discount scheme for eligible international students from 2015
> awarding of four Victoria/India Doctoral Scholarships
> a Victorian Women in International Business (VWIIB) Forum in Mumbai
> a Significant Investment Desk established in the VGBO in Bangalore
> India’s Servion Global Solutions establishing its Australian headquarters in Melbourne
> a new agreement by Tesscorn India to distribute Ecotech Australia’s world-leading clean technologies in India.
Defence and Aerospace Trade Mission to the USA
In May the Hon. David Hodgett MP led a group of Victoria’s leading defence and aerospace companies on a trade mission to the USA. The trade mission focused on what Victoria’s advanced manufacturing capabilities can offer defence companies. It also reinforced the fact that the Government wants to work with defence companies to expand their operations here, invest in Victoria’s economy and create jobs through major upcoming military vehicle and naval projects. Current projects include the Australian Defence Force’s LAND 400 Land Combat Vehicle System, worth up to $15 billion, and SEA1000 Future Submarine Program, valued at up to $40 billion, along with other significant projects in the defence capability acquisition pipeline.
This trade mission built on the success of 2013 Defence and Aerospace Trade Mission. Participants in that mission reported anticipated additional exports of $17.5 million in the two years post mission.
REGIONAL GROWTH FUND
The RGF provides $1 billion over eight years to build strong vibrant regional cities and country communities in Victoria. It is supporting major strategic infrastructure and community-led local initiatives that improve both the competitiveness and liveability of regional and rural Victoria, creating more jobs and better career opportunities. 2013-14 was the third year of the fund’s operation.
Establishment of the Goulburn Valley Industry and Infrastructure Fund (GVIIF)
In March 2014, the Government committed $5 million from the RGF to help local businesses and industry in the Goulburn Valley grow and adapt to changing market conditions, and capitalise on their strengths in food production and processing. The department has identified a number of priority projects from the numerous applications received and is working with proponents to finalise those applications.
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Economic Infrastructure Program
In 2013-14, $42.5 million in funding was announced under the Economic Infrastructure Program of the RGF. Funding for projects under this program included:
> $1.95 million towards building a 25.5 kilometre water main to provide reliable water to six vineyards in the Landsborough Valley in Western Victoria, securing 60 jobs
> completion of significant work to connect regional Victoria to the natural gas network under the $100 million Energy for the Regions Program
> $1.5 million investment for Korumburra’s Burra Foods, contributing towards a $22 million expansion to take advantage of the high Asian demand for nutritional milk powder. This substantial investment created 60 construction jobs, 26 new full-time jobs across the business and secured more than 100 existing jobs at the plant
> $1.2 million from the RGF for two new Phillip Island tourist attractions. One project will be a state-of-the-art multimedia interpretative display, a partnership between the World Wide Fund for Nature and the Phillip Island Nature Park, and the other project will be a new eco boat tour in Cowes.
Putting Locals First Program
The $100 million Putting Locals First Program component of the RGF enables regional communities to determine and deliver service and infrastructure requirements that reflect their local priorities.
In 2013-14, the Government:
> contributed a further $500,000 towards the $5.3 million Yarram District Hub Project. This brings the total Government contribution to almost $2 million and completes the funding required to start the redevelopment of this much anticipated facility
> provided $150,000 to Mansfield tomato producer Murphy Fresh to assist the company to embark on a $1.5 million expansion project, creating 25 new jobs.
Local Government Infrastructure Program
The Local Government Infrastructure Program component of the RGF provides all 48 regional and rural councils with a flexible funding stream to plan and build new infrastructure and renew crucial community assets.
In 2013-14:
> work was completed on the Bendigo Library, a $9.5 million redevelopment project which will significantly benefit the local community and wider region.
EXPANDING THE INTERNATIONAL VGBO NETWORK
The VGBO network raises Victoria’s international profile and helps the state negotiate the challenges of international trade and investment. VGBO offices in 17 strategic international locations focus on attracting direct foreign investment, export development and WoVG activities.
The Government recently re-opened an office in Jakarta, Indonesia; opened a new office in Chengdu, China; and announced the establishment of an office in Seoul, South Korea.
TECHNOLOGY TRADE AND INTERNATIONAL PARTNERING PROGRAM (TRIP)
During 2013-14, 329 TRIP grants were provided to 230 technology companies to facilitate independent export activities in markets of their choice. Grant recipients reported projected exports of approximately $417 million over the next 24 months.
INTERNATIONAL FOOD AND BEVERAGE WEEK (IFBW)
IFBW 2014 built on the success of the previous event with more than 250 Victorian food and beverage companies participating, and 240 senior international delegates representing 160 major Asian food businesses from China (including Taiwan and Hong Kong), Japan, Indonesia, Singapore, Malaysia, Thailand, the Philippines, Korea and Vietnam. A substantially increased site visit program featured more than 80 site visits across metropolitan Melbourne and regional Victoria compared to just 15 in 2013.
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438 new jobs since its launch in 2012. Other roadmap initiatives include $5 million to establish 20 Technology Enabled Learning Centres, $800,000 for the Moe Work and Learning Centre and $525,000 to help high performing firms expand their potential and strengthen supply chains.
INTERNATIONAL MINING AND RESOURCES CONFERENCE (IMARC)
The department has established a resources roundtable, chaired by the Deputy Premier of Victoria the Hon. Peter Ryan MP and comprising senior industry executives from across the mining and mining services sectors including representatives from BHP Billiton, Orica and MMG. The roundtable provides strategic advice to the department on the direction of IMARC, which will be held in Melbourne in September 2014. The aim of IMARC is to promote Victoria as a global hub of mining and mining services, help Victorian businesses better participate in the mining industry, and develop Victoria’s earth resources to unlock the value of this sector.
SUPPORTING VICTORIAN SMALL BUSINESS
The department has a strong focus on supporting all small business within Victoria through a range of targeted programs and support mechanisms. Support Small Business Day is a Government initiative dedicated to encouraging Victorians to explore their local community and spend at local small businesses. Small businesses account for 96 per cent of all businesses in the state, and almost half of all private sector jobs. Organised by the department, the inaugural event was held in October 2013. More than 2,000 small businesses registered to participate in the day, and more than 2,900 consumers registered as shoppers to gain access to vouchers and special incentives.
The Small Business Festival gives small businesses the opportunity to learn practical news skills and access new ideas to help boost productivity and competitiveness. The Small Business Bus visits Melbourne and regional Victoria as a ‘travelling office on wheels’ offering professional assistance as well as expert advice from an experienced business mentor.
REGIONAL AVIATION FUND
The Victorian Government is providing $5 million annually through the Regional Aviation Fund to support local aerodromes. To date, 17 regional airports and aerodromes have taken advantage of the fund to upgrade their facilities. Projects announced during 2013-14 provide for upgrades at Warrnambool Airport, Kyneton Aerodrome, Hamilton Airport, Lethbridge Airpark, Orbost Airport, Wangaratta Airport, Nhill Aerodrome, Stawell Aerodrome, Echuca Aerodrome and Kerang Aerodrome.
AUSTRALIAN AUTOMOTIVE WEEK 2014 (AAW)
AAW is a unique partnership between the Victorian Government and the automotive industry to jointly promote Australia’s state-of-the-art automotive and manufacturing capabilities. Coinciding with the Formula 1 Australian Grand Prix, the week brings together international and local automotive experts and senior representatives to meet and discuss business opportunities. The 2014 event attracted over 100 international delegates, 300 industry stakeholders and involved 200 Victorian organisations, including 37 exhibitors at the Geelong Supplier Trade Show.
REDUCING RED TAPE
The Government’s commitment to reducing business red tape by 25 per cent by July 2014 will save $715 million per year. Over the past year, the Red Tape Commissioner has met with industry associations and businesses to identify a list of priority actions. The department has engaged with business to identify reform priorities and how the regulatory system affects competitiveness. The department also contributed to legislation reform and reducing the costs of locating and fulfilling permits, licensing and other approval requirements.
LATROBE VALLEY INDUSTRY AND EMPLOYMENT ROADMAP
A high concentration of power generators combined with a carbon-constrained future presents Latrobe Valley with many challenges. LVIER responds to this with a long-term coordinated plan for strategic investment, and industry and jobs growth. So far the LVIER has supported 28 projects and created
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AND OTHER HIGHLIGHTS AGAINST STRATEGIC OBJECTIVES
LAUNCH OF THE ESERVICES REGISTER
The eServices Register was launched in July 2013 and provides an electronic marketplace for suppliers and government buyers to transact. The register has in excess of 1,200 recorded suppliers. More than 1,000 sourcing events have been posted to date by government buyers.
RELAUNCH OF THE VIC.GOV.AU WEBSITE
Averaging 250,000 visits per month vic.gov.au provides comprehensive access to Government programs, services and information. This year the department made four major additions to the site:
> a central information source for all government grants and assistance called Grants Victoria
> consultations.vic.gov.au which lists all government consultations
> all Victorian online services listed in Services Victoria
> all government online publications are now featured at publications.vic.gov.au
RELAUNCH OF BUSINESS.VIC.GOV.AU
Launched at the end of March 2014, the enhanced business.vic.gov.au is more intuitive and has improved access across all devices – desktop, tablet or smartphone. Since relaunch, visits have increased by more than 20 per cent and it is now simpler and faster for SMEs to find information on setting up a business and improving productivity, regulatory information, financial support, advice/mentoring and training and information on grants and how to apply online.
VICTORIAN WOMEN IN INTERNATIONAL BUSINESS PROGRAM
VWIIB program is a networking and discussion forum for women working in, or interested in working in, international business. It offers women the opportunity to grow their own export businesses by forging new connections and developing new partnerships with other women. Current VWIIB activities include a LinkedIn page, training to get businesses export-ready, and various Melbourne networking events.
OTHER ACHIEVEMENTS
In addition to the STMs there were 12 other inbound and outbound missions this year involving 279 companies showcasing their wares to key markets. Collectively, these companies expect sales to increase by $180 million over the next two years. Marysville continues to bounce back from the devastating bushfires of five years ago. Highlights this year include:
> the completion of the $2 million redevelopment of the Marysville Community Golf and Bowls Club
> the continuing rebuild of the new $28 million Vibe Hotel and Conference Centre
> the launch of the Visit Marysville app
> the fourth annual Australian Sparkling Wine Show.
The Small Business Workshops and Seminars Program provides rapid skill development for small business operators and those thinking of starting a business. More than 22 business topics are available, and all sessions are delivered by experienced workshop leaders. The program is offered at low-cost ($20 per seminar and $30 per workshop) and Small Business Victoria partners with host organisations to deliver the program throughout Victoria. In 2013-14 more than 4,160 participants attended more than 350 workshops and seminars.
The Small Business Mentoring Program provides low-cost, high-quality business mentoring through the Small Business Mentoring Service. There are more than 80 small business mentors located throughout metropolitan and regional areas. In 2013-14, 2,556 Victorian businesses received mentoring assistance at more than 3,400 sessions.
The Metropolitan VGBO network continued to facilitate workshops and briefings with the Metropolitan Planning Authority (MPA) as it actively engaged with business in the rollout of its PlanMelbourne Strategy. Work has begun with the MPA to implement a range of important initiatives aimed at delivering jobs and investment.
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02 SIGNIFICANT ACHIEVEMENTS AND OTHER HIGHLIGHTSAGAINST STRATEGIC OBJECTIVES
A series of five healthcare workshops were held during 2013 by the Eastern Metropolitan VGBO to improve communications in the health and aged care sector. The workshops explored the need for a holistic approach to the integration of technology-enabled services for healthcare in the home. This development could potentially see a 45 per cent reduction in mortality rates and a 20 per cent reduction in emergency admissions, plus fewer Accident and Emergency visits, and fewer elective surgery admissions and hospital-bed days.
The Premier convened automotive roundtable meetings with key automotive industry stakeholders to discuss strategies and initiatives to assist the industry transition into new opportunities. Sub-committees with industry and the department participation have been formed to address specific skills and automotive supply chain issues. The department engaged with key industry stakeholders to develop initiatives to connect automotive businesses with new opportunities both domestically and globally.
The Southern Metropolitan VGBO ran a series of food industry roundtable events to assist industry understand the role of the department, how it can help business with export opportunities and to promote the work of our international offices. Assistance was also offered to help reduce the cost of water and wastewater to the food industry, which is a significant financial burden. The workshops were run in conjunction with the Victorian Centre for Sustainable Manufacturing.
The department’s Northern and Southern Metropolitan VGBOs, in collaboration with local councils, Regional Development Australia and the Industry Capability Network, hosted two Christchurch Recovery rebuilding updates in late 2013 and early 2014 to provide an update following the city’s 2011 earthquake. The southern event, attended by the Hon. David Hodgett MP, attracted more than 250 participants while the northern event attracted 130 people. Opportunities were identified for building contractors and suppliers, infrastructure consultants, engineering services, and transport and logistics firms. The program budget is approximately $40 billion and Victorian companies are currently collaborating on tenders for anchor projects.
The Southern Metropolitan VGBO hosted an Australian Rail Industry Forum in May 2014. Attended by more than 200 businesses, the forum was an opportunity to discuss initiatives aimed at improving the competitiveness of and opportunities for the Australian rail sector. Presentations centred on policy announcements, global rail supply-chain opportunities including the September 2014 trade mission to Germany for InnoTrans 2014 and Austrade’s market insights.
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LAUNCH OF MINERALS DEVELOPMENT VICTORIA
The launch of MDV in 2013-14 has created a single point-of-entry for investors dealing with the Victorian Government for exploration, mining and quarrying projects. MDV will also focus on streamlining and improving approvals and regulations. Current MDV projects include:
> Stockman Project copper mine in East Gippsland
> Big Hill gold mine in Stawell
> facilitating the ongoing operating of Iluka Resources’ separation plant
> ongoing strategic access to extractive resources to support the growth of Melbourne’s infrastructure.
INTERNATIONAL LOW RANK COAL INDUSTRY SYMPOSIUM
A total of 220 delegates from 20 of the world’s major low-rank coal user and producer countries attended the third International Low Rank Coal Industry Symposium in April 2014. Hosted by the Victorian Government, delegates heard about the industry’s current status, energy demand, how to develop skills and the industry’s future plans. They also discussed carbon capture and storage developments and how to secure a social licence to operate, obtain project financing, and monetise coal for purposes beyond electricity.
SIGNIFICANT ACHIEVEMENTS
ADVANCED LIGNITE DEMONSTRATION PROGRAM
In August 2012, the Victorian and Federal Governments launched the ALDP, which aims to develop and deploy emerging technology to reduce the greenhouse gas emissions intensity of lignite (brown coal), improve the economically recoverable return from lignite, and provide employment opportunities in the Latrobe Valley and broader region. Projects funded this year include $30 million to Coal Energy Australia, $20 million to Ignite Energy Resources and $25 million to Shanghai Electric Australia Power & Energy Development.
COMMUNITY CONSULTATION PROCESS FOR ONSHORE NATURAL GAS
The Government is working towards gaining a deeper understanding of community concerns about the possible future development of onshore natural gas including tight, shale and coal seam gas. In April 2014 the department launched the Natural Gas Community Information website naturalgasinfo.vic.gov.au and began a community consultation process. This process includes open days, meetings and workshops with community and local government, and gives Victorians an opportunity to discuss their key concerns, particularly in rural and regional areas where commercially-viable reserves of onshore natural gas may exist. Currently there is an extended moratorium on new exploration licences for all types of onshore natural gas and hydraulic fracturing until at least July 2015.
PROMOTE THE DELIVERY OF SAFE, RELIABLE AND COMPETITIVE ENERGY SERVICES, AND GROW A SUSTAINABLE RESOURCES SECTOR *
* This strategic objective is detailed in the 2014-15 Budget Papers No.3 Service Delivery.
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ADVANCED METERING INFRASTRUCTURE PROGRAM
The Government’s AMI Program is ensuring that remotely read meters (smart meters) are the standard electricity meter for households and small business across the state. In 2013-14, the rollout of more than 2.6 million meters, overseen by the department, neared completion, enabling Victorians to better monitor and manage their energy usage. Smart meters also support the transition of consumers to the option of flexible pricing by allowing them to pay different rates depending on when they use power, and thereby minimise their energy bills.
The Government also announced in May 2014 the successful applicants for grants under the $1 million Energy Information Fund (EIF). The EIF offers up to $120,000 to not-for-profit organisations for projects designed to help vulnerable and hard-to-reach Victorians to better understand the energy market and find ways to save money on their power bills. This includes seniors, the disabled and those for whom English is not the primary language. The department awarded 15 EIF grants in 2013-14.
SIGNIFICANT GEOSCIENCE FINDINGS PUBLISHED IN INTERNATIONAL PUBLICATION
A new geodynamic model of Eastern Australia, developed in collaboration by research staff from the Geological Survey of Victoria (GSV) and Monash University, was published in the international journal Nature in April 2014. The team comprising Louis Moresi, Peter Betts, Meghan Miller and Ross Cayley (GSV) explained the chain of events following impact between continental fragments at subduction zones. Using geological data from Eastern Australia, this model develops the idea that only one continent-dipping subduction zone was active beneath Eastern Australia millions of years ago. This provides a new geological template for predicting the location of buried mineral systems in Victoria. Practical applications for this modelling include highlighting new exploration opportunities in Victoria and the potential for new mineral discoveries including copper and gold.
STRENGTHENING VICTORIA’S EARTH RESOURCES PROGRAM
This program is a $19.2 million initiative established to revitalise exploration and mining in Victoria by attracting new exploration to the state and reducing barriers to investment. As part of the initiative’s implementation, the Mineral Resources (Sustainable Development) Act was amended in February 2014 to reduce the regulatory burden on industry. In April 2014, the Extractives Resources Taskforce was established to focus on the strategic planning and development of the state’s extractives resources to meet infrastructure and other market demands linked to urban growth plans.
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POWERLINE BUSHFIRE SAFETY PROGRAM
The PBSP is the Government’s $750 million, 10-year program to deliver Recommendations 27 and 32 of the Victorian Bushfires Royal Commission. The program is on track and its key achievements this year included:
> replacing approximately 45 kilometres of powerlines in high fire risk areas with underground or aerial bundled cable
> installing more than 30 diesel back-up power generators in regional and rural residential care facilities as part of the $40 million Local Infrastructure Assistance Fund which provides critical back-up power to Victoria’s most vulnerable citizens
> installing approximately 200 remotely controlled Automatic Circuit Reclosers on rural feeders
> conducting a world-first trial of arc suppression capabilities of the Rapid Earth Fault Current Limiter (REFCL) protection device technology, comprising more than 200 separate tests on a special purpose field test facility
> a world-first trial of REFCLs using state-of-the-art technology to reduce the risk of powerlines starting bushfires.
OTHER ACHIEVEMENTS
The online My Power Planner tool has helped more than 70,000 Victorians save on their electricity bills by enabling them to compare offers from different electricity retailers. Energy Technology Innovation Grants included $1 million to RayGen Resources to support the design, construction and testing of the modular two kilowatt prototype solar power test facility, as well as a grant to Solar Systems to complete stage two of its large scale demonstration solar project in Mildura and Bridgewater.
The CarbonNet Project is investigating the potential for establishing a world-class, large scale carbon capture and storage network in the Gippsland region. Work is continuing to complete the feasibility phase of this project including a geoscience evaluation program.
34 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
03 FINANCIAL REPORT
03 FINANCIAL REPORT
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 35
03 FINANCIAL
REPORT
This financial report covers the Department of State Development, Business and Innovation (the department) as an individual reporting entity and is presented in the Australian currency.
The Department of State Development, Business and Innovation is a Government Department of the State of Victoria. The department was established pursuant to an order made by the Premier under the Administrative Arrangements Act 1983. The department’s principal address is:
Department of State Development, Business and Innovation 121 Exhibition Street Melbourne VIC 3000
A description of the nature of the department’s operations and its principal activities is included in the Report of Operations section of the annual report which does not form part of this financial report.
For inquiries in relation to our reporting please call 9651 9999, or visit the department’s website at dsdbi.vic.gov.au
INTRODUCTION
36 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
03 FINANCIAL REPORT
Comprehensive operating statement 37
Balance sheet 38
Statement of changes in equity 39
Cash flow statement 40
Notes to the financial statements
Note 1. Summary of significant accounting policies 41
Note 2. Departmental (controlled) outputs 60
Note 3. Administered (non-controlled) items 64
Note 4. Income from transactions 66
Note 5. Expenses from transactions 68
Note 6. Other economic flows included in net result 70
Note 7. Receivables 70
Note 8. Inventories 71
Note 9. Restructuring of administrative arrangements 71
Note 10. Property, plant and equipment 73
Note 11. Non-financial physical assets classified as held for sale including disposal group assets and directly associated liabilities 79
Note 12. Investments accounted for using the equity method 80
Note 13. Intangible assets 81
Note 14. Other non-financial assets 81
Note 15. Payables 82
Note 16. Borrowings 82
CONTENTSNote 17. Provisions 83
Note 18. Superannuation 84
Note 19. Other liabilities 84
Note 20. Leases 85
Note 21. Commitments for expenditure 86
Note 22. Contingent assets and contingent liabilities 88
Note 23. Financial instruments 88
Note 24. Cash flow information 98
Note 25. Investments 99
Note 26. Reserves 99
Note 27. Summary of compliance with annual parliamentary and special appropriations 100
Note 28. Ex-gratia expenses 100
Note 29. Annotated income agreements 100
Note 30. Trust account balances 102
Note 31. Responsible persons 105
Note 32. Remuneration of executives and payments to other personnel 106
Note 33. Remuneration of auditors 107
Note 34. Glossary of terms 108
Accountable Officer’s and Chief Finance Officer’s declaration 113
Auditor-General’s Report 114
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 37
03 FINANCIAL
REPORT
Notes 2014* 2013
$’000 $’000
CONTINUING OPERATIONS
Income from transactions
Output appropriations 576,223 438,132
Regional Growth Fund appropriations 136,000 –
Interest 4(a) 5,312 611
Grants 4(b) 84,008 83,495
Other income 4(c) 139,444 98,654
Total income from transactions 940,987 620,892
EXPENSES FROM TRANSACTIONS
Employee expenses 5(a) (115,787) (78,271)
Depreciation and amortisation 5(b) (8,743) (4,060)
Interest expense 5(c) (280) (47)
Grants and other transfers 5(d) (484,647) (310,279)
Capital asset charge (9,801) (9,491)
Other operating expenses 5(e) (282,883) (203,940)
Total expenses from transactions (902,141) (606,088)
Net result from transactions (net operating balance) 38,846 14,804
OTHER ECONOMIC FLOWS INCLUDED IN NET RESULT
Net gain/(loss) on non-financial assets 6(a) (4,850) (3,887)
Net gain/(loss) on financial instruments 6(b) (40) –
Other gains/(losses) from other economic flows 6(c) (32) 93
Total other economic flows included in net result (4,922) (3,794)
Net result 33,924 11,010
OTHER ECONOMIC FLOWS – OTHER COMPREHENSIVE INCOME
Items that will not be classified to net result
Transfer of asset revaluation surplus to accumulated surplus 5,320 –
Changes in physical asset revaluation reserve 26 (5,320) –
Total other economic flows – other comprehensive income – –
Comprehensive result 33,924 11,010
* 2014 includes the impact of Machinery of Government and administrative changes, however comparative amounts for the prior year have not been adjusted.
The comprehensive operating statement should be read in conjunction with the notes to the financial statements.
COMPREHENSIVE OPERATING STATEMENTfor the financial year ended 30 June 2014
38 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
03 FINANCIAL REPORT
Notes 2014* 2013
$’000 $’000
ASSETS
Financial assets
Cash and deposits 24 396,760 89,229
Receivables 7 155,171 113,626
Investments 25 90 –
Total financial assets 552,021 202,855
Non-financial assets
Inventories 8 10,168 23,646
Non-financial physical assets classified as held for sale including disposal group assets 11 25 23
Property, plant and equipment 10 559,026 526,159
Investments accounted for using the equity method 12 35,000 35,000
Intangible assets 13 36,232 26,490
Other non-financial assets 14 1,858 966
Total non-financial assets 642,309 612,284
Total assets 1,194,330 815,139
LIABILITIES
Payables 15 100,358 62,672
Borrowings 16 3,201 984
Provisions 17 35,188 20,876
Other liabilities 19 84 194
Liabilities directly associated with assets classified as held for sale including disposal groups
11 25 23
Total liabilities 138,856 84,749
Net assets 1,055,474 730,390
EQUITY
Accumulated surplus 249,103 209,859
Physical asset revaluation surplus 26 25,650 30,970
Contributed capital 780,721 489,561
Total equity 1,055,474 730,390
* 2014 includes the impact of Machinery of Government and administrative changes, however comparative amounts for the prior year have not been adjusted.
Restructure of administrative arrangements 9
Commitments for expenditure 21
Contingent assets and contingent liabilities 22
The balance sheet should be read in conjunction with the notes to the financial statements.
BALANCE SHEETas at 30 June 2014
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 39
03 FINANCIAL
REPORT
NotesPhysical Asset
Revaluation SurplusAccumulated
SurplusContributed
Capital Total
$’000 $’000 $’000 $’000
Balance at 1 July 2012 30,970 198,849 381,204 611,023
Net result for the year – 11,010 – 11,010
Capital appropriations – – 120,511 120,511
Transfers – – (12,154) (12,154)
Balance at 30 June 2013 30,970 209,859 489,561 730,390
Net result for the year – 33,924 – 33,924
Capital appropriations – – 43,835 43,835
Administrative restructure – net assets received
9 – – 266,359 266,359
Transfers via contributed capital – – (19,034) (19,034)
Transfer to accumulated surplus (5,320) 5,320 – –
Balance at 30 June 2014 25,650 249,103 780,721 1,055,474
The statement of changes in equity should be read in conjunction with the notes to the financial statements.
STATEMENT OF CHANGES IN EQUITYfor the financial year ended 30 June 2014
40 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
03 FINANCIAL REPORT
Notes 2014* 2013
$’000 $’000
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts
Receipts from Government 676,877 522,913
Receipts from other entities 258,458 91,088
Goods and Services Tax recovered from the ATO 44,549 41,754
Interest received 5,312 611
Total receipts 985,196 656,366
Payments
Payments of grants and other transfers (484,647) (310,278)
Payments to suppliers and employees (427,455) (305,858)
Capital asset charge payments (9,801) (9,491)
Interest and other costs of finance paid (280) (47)
Total payments (922,183) (625,674)
Net cash flows from/(used) in operating activities 24(c) 63,013 30,692
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of non-financial assets (38,058) (117,440)
Sales of non-financial assets 1,090 351
Payments for intangible assets (701) (2,803)
Net cash flows from/(used in) investing activities (37,669) (119,892)
CASH FLOWS FROM FINANCING ACTIVITIES
Owner contributions by State Government 38,031 117,975
Restructuring of administrative arrangements 246,257 –
Repayment of finance leases (2,101) (591)
Net cash flows from/(used in) financing activities 282,187 117,384
Net increase/(decrease) in cash and cash equivalents 307,531 28,184
Cash and cash equivalents at the beginning of the financial year 89,229 61,045
Cash and cash equivalents at the end of the financial year 24(a) 396,760 89,229
* 2014 includes the impact of Machinery of Government and administrative changes, however comparative amounts for the prior year have not been adjusted.
Non-cash transactions 24(b)
The cash flow statement should be read in conjunction with the notes to the financial statements.
CASH FLOW STATEMENTfor the financial year ended 30 June 2014
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NOTES TO THE FINANCIAL STATEMENTSfor the financial year ended 30 June 2014
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
These annual financial statements represent the audited general purpose financial statements for the Department of State Development, Business and Innovation (the department) for the period ended 30 June 2014. The purpose of the report is to provide users with information about the department’s stewardship of resources entrusted to it.
(A) STATEMENT OF COMPLIANCEThese general purpose financial statements have been prepared in accordance with the Financial Management Act 1994 and applicable Australian Accounting Standards (AAS), which include Interpretations, issued by the Australian Accounting Standards Board (AASB). In particular, they are presented in a manner consistent with the requirements of the AASB 1049 Whole of Government and General Government Sector Financial Reporting.
Where appropriate, those paragraphs of the AASs applicable to not-for-profit entities have been applied.
Accounting policies are selected and applied in a manner which ensures that the resulting financial information satisfies the concepts of relevance and reliability, thereby ensuring that the substance of the underlying transactions or other events is reported.
To gain a better understanding of the terminology used in this report, a glossary of terms can be found in Note 34.
These annual financial statements were authorised for issue by the Secretary of the department on 4 September 2014.
(B) BASIS OF ACCOUNTING PREPARATION AND MEASUREMENT
The accrual basis of accounting has been applied in the preparation of these financial statements whereby assets, liabilities, equity, income and expenses are recognised in the reporting period to which they relate, regardless of when cash is received or paid.
Judgements, estimates and assumptions are required to be made about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on professional judgements derived from historical experience and various factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.
Revisions to accounting estimates are recognised in the period in which the estimate is revised and also in future periods that are affected by the revision. Judgements and assumptions made by management in the application of AASs that have significant effects on the financial statements and estimates relate to:
> the fair value of land, buildings, infrastructure, plant and equipment (refer to Note 1(Q))
> superannuation expense (refer to Note 1(K)); and
> actuarial assumptions for employee benefit provisions based on likely tenure of existing staff, patterns of leave claims, future salary movements and future discount rates (refer to Note 1(R)).
These financial statements are presented in Australian dollars, and prepared in accordance with the historical cost convention except for:
> non-financial physical assets which, subsequent to acquisition, are measured at a revalued amount being their fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent impairment losses. Revaluations are made with sufficient regularity to ensure that the carrying amounts do not materially differ from their fair value.
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Consistent with AASB 13 Fair Value Measurement, the department determines the policies and procedures for both recurring fair value measurements such as property, plant and equipment, and financial instruments and for non-recurring fair value measurements such as non-financial physical assets held for sale, in accordance with AASB 13 and the relevant Financial Reporting Directions.
All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:
> Level 1 – Quoted (unadjusted) market prices in active markets for identical assets or liabilities
> Level 2 – Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable; and
> Level 3 – Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable.
For the purpose of fair value disclosures, the department has determined classes of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.
In addition, the department determines whether transfers have occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period.
The Valuer-General Victoria (VGV) is the department’s independent valuer.
The department, in conjunction with the VGV, monitors changes in the fair value of each asset and liability through relevant data sources to determine whether revaluation is required.
(C) SCOPE AND PRESENTATION OF FINANCIAL STATEMENTS
Comprehensive operating statementThe comprehensive operating statement comprises three components, ‘net result from transactions’ (or termed as ‘net operating balance’), ‘other economic flows included in net result’, as well as ‘other economic flows -other comprehensive income’. The sum of the former two, together with the net result from discounted operations, represents the net result.
The net result is equivalent to profit or loss derived in accordance with AASs.
This classification is consistent with the whole of Government reporting format and is allowed under AASB 101 Presentation of Financial Statements.
Balance sheetAssets and liabilities are presented in liquidity order with assets aggregated into financial assets and non-financial assets.
Current and non-current assets and liabilities (non-current being those expected to be recovered or settled in more than 12 months after the reporting period) are disclosed in the notes, where relevant.
Statement of changes in equityThe statement of changes in equity presents reconciliations of non-owner and owner changes in equity from the opening balance at the beginning of the reporting period to the closing balance at the end of the reporting period. It also separately shows changes due to amounts recognised in the ‘comprehensive result’ and amounts recognised in ‘other economic flows – other movements in equity’ related to ‘transactions with owner in its capacity as owner’.
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Cash flow statementCash flows are classified according to whether or not they arise from operating, investing or financing activities. This classification is consistent with requirements under AASB 107 Statement of Cash Flows.
For cash flow statement presentation purposes, cash and cash equivalents include bank overdrafts, which are included as current borrowings on the balance sheet.
RoundingAmounts in the financial statements have been rounded to the nearest $1,000, unless otherwise stated. Figures in the financial statements may not equate due to rounding. Please refer to Note 34 for a style convention for explanations of minor discrepancies resulting from rounding.
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defined benefit obligations and plan assets will have limited impact on the department.
The revised standard also changes the definition of short-term employee benefits. These were previously benefits that were expected to be settled within twelve months after the end of the reporting period in which the employees render the related service, however, short-term employee benefits are now defined as benefits expected to be settled wholly within twelve months after the end of the reporting period in which employees rendered the related service. As a result, accrued annual leave balances which were previously classified as short-term employee benefits no longer meet this definition and are classified as long-term employee benefits. Where this has occurred it will result in a change of measurement for the annual leave provision from an undiscounted to discount basis.
The department has undertaken a detailed analysis of accrued annual leave balances for the last three years and considers the accrued annual leave is consistent with the department’s annual leave policy and Victorian Public Service Workplace Determination 2012 (Conditions of Employment), both of which require accrued annual leave to be settled wholly within twelve months after the end of the reporting period in which employees rendered the related service.
Accordingly, the department has accounted for the accrued annual leave liability at the reporting date as short-term employee benefits measured at nominal value.
(E) BASIS OF CONSOLIDATIONIn accordance with AASB 127 Consolidated and Separate Financial Statements:
> The consolidated financial statements of the department incorporates assets and liabilities of all reporting entities controlled by the department as at 30 June 2014, and their income and expenses for that part of the reporting period in which control existed (refer Note 1(F)) are controlled and consolidated.
> The consolidated financial statements exclude bodies within the department’s portfolio that are not controlled by the department and therefore are not consolidated. Bodies and activities that are administered (refer Note 1(G)) are also not controlled and not consolidated.
(D) CHANGES IN ACCOUNTING POLICYThe following new and revised Standards have been adopted in the current period with their financial impact detailed below.
AASB 13 Fair value measurementAASB 13 establishes a single source of guidance for all fair value measurements. AASB 13 does not change when a department is required to use fair value, but rather provides guidance on how to measure fair value under AASs when fair value is required or permitted. The department has considered the specific requirements relating to highest and best use, valuation premise, and principal market. The methods, assumptions, processes, and procedures for determining fair value were revisited and adjusted where applicable. In light of AASB 13, the department has reviewed the fair value principles as well as its current valuation methodologies in assessing the fair value, and the assessment has not materially changed the fair values recognised.
AASB 13 has impacted the disclosure by the department as it requires specific disclosure about fair value measurements and disclosures of fair values, some of which replace existing disclosure requirements in other standards, including AASB 7 Financial Instruments: Disclosures.
The disclosure requirements of AASB 13 apply prospectively and need not be applied in comparative information before first application. Consequently, the 2012-13 comparatives of these disclosures have not been provided, except for financial instruments, of which the fair value disclosures are required under AASB 7 Financial Instruments: Disclosures.
AASB 119 Employee benefitsIn 2013-14, the department has applied AASB 119 Employee benefits (September 2011, as amended) and the related consequential amendments for the first time.
The revised AASB 119 changes the accounting for defined benefit plans and termination benefits. The most significant change relates to the accounting for changes in defined benefit obligation and plan assets. As the current accounting policy is for the Department of Treasury and Finance (DTF) to recognise and disclose the state’s defined benefit liabilities in its financial statements, changes in
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Where control of an entity is obtained during the financial period, its results are included in the comprehensive operating statement from the date on which control commenced. Where control ceases during a financial period, the entity’s results are included for that part of the period in which control existed. Where dissimilar accounting policies are adopted by entities and their effect is considered material, adjustments are made to ensure consistent policies are adopted in these financial statements.
In the process of preparing consolidated financial statements for the department, all material transactions and balances between consolidated entities are eliminated.
Consistent with the requirements of AASB 1004 Contributions, contributions by owners (i.e. contributed capital and its repayment) are treated as equity transactions and, therefore, do not form part of the income and expenses of the department.
Jointly controlled assets or operationsInterest in jointly controlled assets or operations are not consolidated by the department, but are accounted for in the financial statements using the equity method. Under the equity method, the share of the profits or losses of the partnership is recognised in the comprehensive operating statement, and the share of movements in reserves is recognised in reserves (non-owner equity) in both the comprehensive operating statement and the statement of changes in equity. The cumulative post-acquisition changes are adjusted against the carrying value of the jointly controlled entity. Details relating to the joint venture are set out in Note 12.
The department has a joint venture interest with Monash University in the Australian Regenerative Medical Institute (ARMI). ARMI was established to construct and operate a facility which will promote Victoria as a global leader in regenerative medical research, foster and develop existing research collaboration on both domestic and overseas projects, and provide a major site for both undergraduate and post graduate training programs. The department has no rights to share profits and is not liable for losses of the Joint Venture as set-out in the Joint Venture Funding Agreement.
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(F) REPORTING ENTITY The financial statements cover the department as an individual reporting entity.
The department is a Government Department of the State of Victoria, established pursuant to an order made by the Premier under the Administrative Arrangements Act 1983.
Its principal address is:
Department of State Development, Business and Innovation 121 Exhibition Street, Melbourne VIC 3000 Postal address: PO Box 4509 Melbourne VIC 3001.
The department is an administrative agency acting on behalf of the Crown.
The financial statements include all the controlled activities of the department. The following statutory body is included in the department’s reporting entity:
> Victoria Trade and Investment Office Pty Ltd, a wholly owned subsidiary operating in China, was acquired on 1 July 2005 to enable the department to engage in trade and investment promotion activities in the South-East Asian region.
In addition, the following entities are included in the department‘s reporting entity:
> Office of the Small Business Commissioner established under the Small Business Commissioner Act 2003
> Major Projects Victoria (MPV) is part of the department but derives its powers through delegation to the Executive Director MPV and other senior officers from the Secretary to the Department of State Development, Business and Innovation, body corporate under the Project Development Construction and Management Act 1994 (Vic).
> Regional Development Victoria
> Red Tape Commissioner, and
> Victorian Mining Warden.
A description of the nature of the department’s operations and its principal activities is included in the Report of Operations which does not form part of the financial statements.
Details on the restructure of administrative arrangements can be found in Note 9.
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Objectives and fundingThe objectives of the department during the reporting period were:
> assist businesses in accessing skilled workers to align with Victoria’s industry needs
> provide market intelligence and assistance to organisations to make it easy to invest in Victoria
> create more opportunities for Victorian communities and businesses to grow and become more productive and competitive in the global marketplace
> promote Victoria to attract tourists, investors, and students
> support organisations and Government to boost their productivity through innovation and technology
> promote the delivery of safe, reliable and competitive energy services, and grow a sustainable resources sector.
Information about the department’s output activities, and the income, expenses, assets and liabilities which are reliably attributable to those output activities, is set out in the output activities schedule at Note 2. Information about income, expenses, assets and liabilities administered by the department are given in the schedule of administered expenses and income and the schedule of administered assets and liabilities, refer to Note 3.
(G) ADMINISTERED ITEMSCertain resources are administered by the department on behalf of the state. While the department is accountable for the transactions involving administered items, it does not have the discretion to deploy the resources for its own benefit or the achievement of its objectives. Accordingly, transactions and balances relating to administered items are not recognised as departmental income, expenses, assets or liabilities in the body of the financial statements.
Administered income includes revenue generated for the state from brown coal and minerals royalties, levies, and mining licences. Administered assets include Government income earned but not yet collected. Administered liabilities include Government expenses incurred but not yet paid.
Except as otherwise disclosed, administered resources are accounted for on an accrual basis
using the same accounting policies adopted for recognition of the departmental items in the financial statements. Both controlled and administered items of the department are consolidated into the financial statements of the state.
Disclosures related to administered items can be found in Notes 3 and 21.
(H) EVENTS AFTER THE REPORTING PERIOD
Assets, liabilities, income or expenses arise from past transactions or other past events. Where the transactions result from an agreement between the department and other parties, the transactions are only recognised when the agreement is irrevocable at or before the end of the reporting period. Adjustments are made to amounts recognised in the financial statements for events which occur after the reporting period and before the date the financial statements are authorised for issue, where those events provide information about conditions which existed in the reporting period. Note disclosure is made about events between the end of the reporting period and the date the financial statements are authorised for issue where the events relate conditions which arose after the end of the reporting period and which may have a material impact on the results of subsequent years.
(I) ACCOUNTING FOR GOODS AND SERVICES TAX (GST)
Income, expenses, assets and liabilities are recognised net of the amount of associated GST, except where GST incurred is not recoverable from the taxation authority. In this case GST payable is recognised as part of the cost of acquisition of the asset or as part of the expense.
Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from, or payable to, the taxation authority is included with other receivables or payables in the balance sheet.
Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or financing activities which are recoverable from or payable to the taxation authority, are presented as an operating cash flow.
Commitments, contingent assets and contingent liabilities are also stated exclusive of GST (refer to Note 1(S) and Note 1(T)).
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(J) INCOME FROM TRANSACTIONSIncome is recognised to the extent that it is probable that the economic benefits will flow to the department and the income can be reliably measured at fair value.
Appropriation incomeAppropriated income becomes controlled and is recognised by the department when it is appropriated from the Consolidated Fund by the Victorian Parliament and applied to the purposes defined under the relevant Appropriations Act. Additionally, the department is permitted under Section 29 of the Financial Management Act 1994 to have certain income annotated to the annual appropriation. The income which forms part of a Section 29 agreement is recognised by the department and the receipts paid into the Consolidated Fund as an administered item. At the point of income recognition, Section 29 provides for an equivalent amount to be added to the annual appropriation. Examples of receipts which can form part of a Section 29 agreement are Commonwealth specific purpose grants, municipal council special purpose grants, the proceeds from the sale of assets, and income from the sale of products and services.
Where applicable, amounts disclosed as income are net of returns, allowances, duties and taxes. All amounts of income over which the department does not have control are disclosed as administered income in the schedule of administered income and expenses, refer Note 3. Income is recognised for each of the department’s major activities as follows:
Output appropriationsIncome from the outputs the department provides to Government is recognised when those outputs have been delivered and the relevant Minister has certified delivery of those outputs in accordance with specified performance criteria.
Interest incomeInterest income includes interest received on bank term deposits and other investments and the unwinding over time of the discount on financial assets. Interest income is recognised using the effective interest method which allocates the interest over the relevant period.
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Net realised and unrealised gains and losses on the revaluation of investments do not form part of income from transactions, but are reported as part of income from other economic flows in the net result or as unrealised gains and losses taken directly to equity, forming part of the total change in net worth in the comprehensive result.
Trust incomeTrust income received for a specific purpose is deferred and recognised progressively in the comprehensive operating statement in the period in which conditions relating to the payment of the funds to third parties have been met. Major trusts include the Regional Growth Fund.
All other trust income is recognised in the comprehensive operating statement when it is earned by the department and any unapplied amounts as at the end of the reporting period are recognised in the balance sheet under other liabilities until the associated expenditure is incurred. Accordingly, the department recognises current and non current unearned revenue based on the timing of the estimated future payments to be made.
GrantsIncome from grants (other than contribution by owners) is recognised when the department gains control over the assets.
Where such grants are payable into the consolidated fund, they are reported as administered income. For reciprocal grants (i.e. equal value is given back by the department to the provider), the department is deemed to have assumed control when the department has satisfied its performance obligations under the terms of the grant. For non reciprocal grants, the department is deemed to have assumed control when the grant is receivable or received. Conditional grants may be reciprocal or non reciprocal depending on the terms of the grant.
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Fair value of assets and services received free of charge or for nominal considerationContributions of resources received free of charge or for nominal consideration are recognised at fair value when control is obtained over them, irrespective of whether these contributions are subject to restrictions or conditions over their use. Contributions in the form of services are only recognised when a fair value can be reliably determined and the services would have been purchased if not received as a donation.
Other incomeOther income includes trust income, property rental, and land development sales for the Kew Residential Services Project.
Under the Kew Residential Developer Agreement the department, through MPV, is the proprietor for all building lot sales and as such reports the proceeds from sales as well as the costs of the development.
(K) EXPENSES FROM TRANSACTIONSExpenses from transactions are recognised as they are incurred, and reported in the financial year to which they relate.
Grants and other transfersGrants and other transfers to third parties are recognised as an expense in the reporting period in which they are paid or payable. They include transactions such as grants, subsidies and other transfer payments including but not limited to Tourism Victoria and Film Victoria.
Employee expensesRefer to the section in Note 1(R) regarding employee benefits.
These expenses include all costs related to employment (other than superannuation which is accounted for separately) including wages and salaries, fringe benefits tax, leave entitlements, redundancy payments, and WorkCover premiums.
Superannuation – state superannuation defined benefit plans
The amount recognised in the comprehensive operating statement is the employer contributions for members of both defined benefit and defined contribution superannuation plans that are paid or payable during the reporting period.
The DTF in their Annual Financial Statements, disclose on behalf of the state as the sponsoring employer, the net defined benefit cost related to the members of these plans as an administered liability. Refer to DTF’s Annual Financial Statements for more detailed disclosures in relation to these plans.
Depreciation and amortisationAll infrastructure assets, buildings, plant and equipment, and other non-financial physical assets (excluding items under operating leases, assets held-for-sale, land and investment properties) that have finite useful lives are depreciated or amortised. Depreciation is generally calculated on a straight-line basis, at rates that allocate the asset’s value, less any estimated residual value, over its estimated useful life. Refer to Note 1(Q) for the depreciation policy for leasehold improvements.
The estimated useful lives, residual values, and depreciation method are reviewed at the end of each annual reporting period, and adjustments made where appropriate.
The following are typical estimated useful lives for the different asset classes for current and prior years:
Asset class Useful life
2014 2013
Buildings 33 to 50 33 to 50
Buildings leasehold 150 150
Infrastructure 90 90
Leasehold improvements 8 to 15 8 to 15
Plant and equipment 3 to 10 3 to 10
Intangible produced assets – software development 1 to 5 1 to 5
Core cultural assets, which are considered to have an indefinite life, are not depreciated. Depreciation is not recognised in respect of these assets as their service potential has not, in any material sense, been consumed during the reporting period.
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Intangible produced assets with finite useful lives are amortised as an expense from transactions on a systematic (typically straight line) basis over the asset’s useful life. Amortisation begins when the asset is available for use (i.e. when it is in the location and condition necessary for it to be capable of operating in the manner intended by management).
Intangible assets with indefinite useful lives are not amortised, but are treated annually for impairment.
The intangible asset, refer Note 13, is a deferred expense primarily relating to the development of Parkville Gardens, internal software development, and the Resource Rights Allocation and Management (RRAM) system, transferred as part of the Machinery of Government change that took effect on 1 July 2013. The value for the development of Parkville Gardens is progressively recognised (expensed) in line with the sale of properties within the site and is tested for impairment every 12 months, and RRAM’s is amortised over the life of the software.
Interest expenseInterest expenses are recognised in the period in which they are incurred and mainly relate to finance lease interest charges. Refer to Glossary of terms and style conventions in Note 34 for an explanation of interest expense items.
Capital asset charge The capital asset charge is calculated on the budgeted carrying amount of applicable non-financial physical assets.
Other operating expensesOther operating expenses generally represent the day-to-day running costs incurred in normal operations and include:
Supplies and services
Supplies and services are recognised as an expense in the reporting period in which they are incurred. The carrying amounts of any inventories held for distribution are expensed when distributed.
Bad and doubtful debts
Refer to Note 1(O) Impairment of financial assets.
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Fair value of assets and services provided free of charge or for nominal consideration
Contributions of resources provided free of charge or for nominal consideration are recognised at their fair value by the transferee when the transferee obtains control over them, irrespective of whether restrictions or conditions are imposed over the use of the contributions, unless received from another Government department or agency as a consequence of a restructuring of administrative arrangements. In the latter case, such a transfer will be recognised at carrying value.
Contributions in the form of services are only recognised when a fair value can be reliably determined and the services would have been purchased if not donated.
(L) OTHER ECONOMIC FLOWS INCLUDED IN NET RESULT
Other economic flows measure the change in volume or value of assets or liabilities that do not result from transactions. These include:
Net gain/(loss) on non-financial assetsNet gain/(loss) on non-financial assets and liabilities includes realised and unrealised gains and losses as follows:
Revaluation gains/(losses) of non-financial physical assets
Refer to Note 1(Q) Revaluations of non-financial physical assets.
Disposal of non-financial assets
Any gain or loss on the disposal of non-financial assets is recognised at the date of disposal and is determined after deducting from the proceeds the carrying value of the asset at that time.
Amortisation of non-produced intangible assets
Intangible non-produced assets with finite lives are amortised on a systematic (typically straight-line) basis over the asset’s useful life. Amortisation begins when the asset is available for use (i.e. when it is in the location and condition necessary for it to be capable of operating in the manner intended by management).
Gain/(Loss) arising from transactions in foreign exchange
Refer to Note 1(V) Foreign Currency.
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Impairment of non-financial assets
Intangible assets with indefinite useful lives (and intangible assets not yet available for use) are tested annually for impairment (as described below) and whenever there is an indication that the asset may be impaired.
All other non-financial assets are assessed annually for indications of impairment, except for:
> non-financial physical assets held for sale, refer Note 11
> inventories, refer Note 8.
If there is an indication of impairment, the assets concerned are tested as to whether their carrying amount exceeds their recoverable amount. Where an asset’s carrying amount exceeds its recoverable amount, the difference is written-off as an other economic flow, except to the extent that the write-down can be debited to an asset revaluation surplus account applicable to that class of asset.
If there is an indication that there has been a change in the estimate of an asset’s recoverable amount since the last impairment loss was recognised, the carrying amount shall be increased to its recoverable amount. This reversal of the impairment loss occurs only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss has been recognised in prior years.
It is deemed that, in the event of the loss of an asset, the future economic benefits arising from the use of the asset will be replaced unless a specific decision to the contrary has been made. The recoverable amount for most assets is measured at fair value less costs to sell. This is due to the fact most assets held by the department are not primarily used for cash generating purposes, and in the event of their loss, the future economic benefits arising from the use of the asset will be replaced unless a specific decision to the contrary has been made. Recoverable amount for assets held primarily to generate net cash inflows is measured at the higher of the present value of future cash flows expected to be obtained from the asset and fair value less costs to sell.
Refer to Note 1(Q) in relation to the recognition and measurement of non-financial assets.
Net gain/(loss) on financial instruments
Net gain/(loss) on financial instruments includes:
> realised and unrealised gains and losses from revaluations of financial instruments at fair value;
> impairment and reversal of impairment for financial instruments at amortised cost (refer to Note 1(N)); and
> disposals of financial assets and derecognition of financial liabilities.
Revaluations of financial instruments at fair value
Refer to Note 1(N) Financial Instruments.
Other gains/(losses) from other economic flowsOther gains/(losses) from other economic flows include the gains or losses from:
> the revaluation of the present value of the long service leave liability due to changes in bond interest rates; and
> transfer of amounts from the reserves to accumulated surplus or net result due to disposal or derecognition or reclassification.
(M) ADMINISTERED INCOME
Grants from the Commonwealth Government and other jurisdictionsThe department’s administered grants mainly comprise funds provided by the Commonwealth to assist the State Government in meeting general or specific service delivery obligations, primarily for the purpose of aiding in the financing of the operations of the recipient, capital purposes, and/or for on-passing to other recipients. The department also receives grants for on-passing to other jurisdictions. The department does not have control over these grants, and the income is not recognised in the department’s financial statements. Administered grants are disclosed in the Schedule of Administered items in Note 3.
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(N) FINANCIAL INSTRUMENTS Financial instruments arise out of contractual agreements that give rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Due to the nature of the department’s activities, certain financial assets and financial liabilities arise under statute rather than a contract. Such financial assets and financial liabilities do not meet the definition of financial instruments in AASB 132 Financial Instruments: Presentation. For example, statutory receivables arising from taxes, fines, and penalties do not meet the definition of financial instruments as they do not arise under contract. However, guarantees issued by the Treasurer on behalf of the department are financial instruments because, although authorised under statute, the terms and conditions for each financial guarantee may vary and are subject to an agreement.
Where relevant, for note disclosure purposes, a distinction is made between those financial assets and financial liabilities that meet, and do not meet the definition of financial instruments in accordance with AASB 132 Financial Instruments: Presentation.
The following refers to financial instruments unless otherwise stated:
Categories of non-derivative financial instruments
Loans and receivables
Loans and receivables are financial instrument assets with fixed and determinable payments that are not quoted on an active market. These assets are initially recognised at fair value plus any directly attributable transaction costs. Subsequent to initial measurement, loans and receivables are measured at amortised cost using the effective interest method, less any impairment.
Loans and receivables category includes cash and deposits (refer to Note 1(O)), term deposits with maturity greater than three months, trade receivables, loans and other receivables, but not statutory receivables.
Financial liabilities at amortised costFinancial instrument liabilities are initially recognised on the date they are originated. They are initially measured at fair value plus any directly
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
attributable costs. Subsequent to initial recognition, these financial instruments are measured at amortised cost with any difference between the initial recognised amount and the redemption value being recognised in profit and loss over the period of the interest-bearing liability, using the effective interest rate method, refer Note 34.
Financial instrument liabilities measured at amortised cost include all of the department’s contractual payables, deposits held and advances received, and interest-bearing arrangements other than those designated at fair value through profit and loss.
Offsetting financial instruments
Financial instrument assets and liabilities are offset and the net amount presented in the consolidated balance sheet when, and only when, the department concerned has a legal right to offset the amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.
Reclassification of financial instruments
Subsequent to initial recognition and under rare circumstances, non-derivative financial instruments assets that have not been designated at fair value through profit or loss upon recognition, may be reclassified out of the fair value through profit or loss category, if they are no longer held for the purpose of selling or repurchasing in the near term.
Financial instrument assets that meet the definition of loans and receivables may be reclassified out of the fair value through profit and loss category into the loans and receivables category, where they would have met the definition of loans and receivables had they not been required to be classified as fair value through profit and loss. In these cases, the financial instrument assets may be reclassified out of the fair value through profit and loss category, if there is the intention and ability to hold them for the foreseeable future or until maturity.
Available-for-sale financial instrument assets that meet the definition of loans and receivables may be reclassified into the loans and receivables category if there is the intention and ability to hold them for the foreseeable future or until maturity.
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(O) FINANCIAL ASSETS
Cash and depositsCash and deposits recognised on the balance sheet comprise cash equivalents, cash on hand and cash at bank, deposits at call and highly liquid investments (with an original maturity of three months or less), which are held for the purpose of meeting short term cash commitments rather than for investment purposes, and which are readily convertible to known amounts of cash and are subject to insignificant risk of changes in value.
For cash flow statement presentation purposes, cash and cash equivalents includes bank overdrafts, which are included as borrowings on the balance sheet.
ReceivablesReceivables consist of:
> contractual receivables, such as debtors in relation to goods and services, loans to third parties, accrued investment income, and finance lease receivables (refer to Note 1(P) Leases); and
> statutory receivables, such as amounts owing from the Victorian Government and GST input tax credits recoverable.
Contractual receivables are classified as financial instruments and categorised as loans and receivables (refer to Note 1(N) Financial Instruments for recognition and measurement). Statutory receivables, are recognised and measured similarly to contractual receivables (except for impairment), but are not classified as financial instruments because they do not arise from a contract.
Receivables are subject to impairment testing as described below. A provision for doubtful receivables is recognised when there is objective evidence that the debts may not be collected, and bad debts are written-off when identified.
For the measurement principle of receivables, refer to Note 1(N).
Investments and other financial assetsInvestments are classified in the following categories:
> financial assets at fair value through profit or loss
> loans and receivables
> held-to-maturity; and
> available-for-sale financial assets.
The classification depends on the purpose for which the investments were acquired. Management determines the classification of its investments at initial recognition.
Any dividend or interest earned on the financial asset is recognised in the comprehensive operating statement as a transaction.
Derecognition of financial assetsA financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is derecognised when:
> the rights to receive cash flows from the asset have expired; or
> the department retains the right to receive cash flows from the asset, but has assumed an obligation to pay them in full without material delay to a third party under a ‘pass through’ arrangement; or
> the department has transferred its rights to receive cash flows from the asset and either:
> has transferred substantially all the risks and rewards of the asset; or
> has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.
Where the department has neither transferred nor retained substantially all the risks and rewards or transferred control, the asset is recognised to the extent of the department’s continuing involvement in the asset.
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Impairment of financial assetsAt the end of each reporting period, the department assesses whether there is objective evidence that a financial asset or group of financial assets is impaired. All financial instrument assets, except those measured at fair value through profit and loss, are subject to annual review for impairment.
Receivables are assessed for bad and doubtful debts on a regular basis. Those bad debts considered as written-off by mutual consent are classified as a transaction expense. Bad debts not written-off by mutual consent and the allowance for doubtful receivables are classified as other economic flows in the net result.
In assessing impairment of statutory (non-contractual) financial assets, which are not financial instruments, professional judgement is applied in assessing materiality using estimates, averages and other computational methods in accordance with AASB 136 Impairment of Assets.
(P) LEASESA lease is a right to use an asset for an agreed period of time in exchange for payment.
Leases are classified at their inception as either operating or finance leases based on the economic substance of the agreement so as to reflect the risks and rewards incidental to ownership.
Leases of infrastructure, property, plant and equipment are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.
Finance leases
Department as lessor
Amounts due from lessees under finance leases are recorded as receivables. Finance lease receivables are initially recorded at amounts equal to the present value of the minimum lease payments receivable plus the present value of any unguaranteed residual value expected to accrue at the end of the lease term. Finance lease receipts are apportioned between periodic interest income and reduction of the lease receivable over the term of the lease in order to reflect a constant periodic rate of return on the net investment outstanding in respect of the lease.
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Department as lessee
At the commencement of the lease term, finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the lease property or, if lower, the present value of the minimum lease payment, each determined at the inception of the lease. The leased asset is accounted for as a non-financial physical asset and depreciated over the shorter of the estimated useful life of the asset or the term of the lease.
Minimum finance lease payments are apportioned between reduction of the outstanding lease liability, and periodic finance expense which is calculated using the interest rate implicit in the lease and charged directly to the comprehensive operating statement. Contingent rentals associated with finance leases are recognised as an expense in the period in which they are incurred.
Operating leases
Department as lessor
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.
All incentives for the agreement of a new or renewed operating lease are recognised as an integral part of the net consideration agreed for the use of the leased asset, irrespective of the incentive’s nature or form or the timing of payments.
In the event that lease incentives are given to the lessee, the aggregate cost of incentives are recognised as a reduction of rental income over the lease term on a straight-line basis, unless another systematic basis is more representative of the time pattern in which economic benefits of the leased asset is diminished.
Department as lessee
Operating lease payments, including any contingent rentals, are recognised as an expense in the comprehensive operating statement on a straight-line basis over the lease term, except where another systematic basis is more representative of the time pattern of the benefits derived from the use of the leased asset. The leased asset is not recognised in the balance sheet.
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All incentives for the agreement of a new or renewed operating lease are recognised as an integral part of the net consideration agreed for the use of the leased asset, irrespective of the incentive’s nature or form or the timing of payments.
In the event that lease incentives are received to enter into operating leases, the aggregate cost of incentives are recognised as a reduction of rental expense over the lease term on a straight-line basis, unless another systematic basis is more representative of the time pattern in which economic benefits of the leased asset are consumed.
(Q) NON-FINANCIAL ASSETS
InventoriesInventories include goods and other property held either for sale, or for distribution at zero or nominal cost, or for consumption in the ordinary course of business operations.
Inventories held for distribution are measured at cost, adjusted for any loss of service potential. All other inventories, including land held for sale, are measured at the lower of cost and net realisable value. Where inventories are acquired for no cost or nominal consideration, they are measured at current replacement cost at the date of acquisition.
Cost, includes an appropriate portion of fixed and variable overhead expenses. Cost is assigned to land held for sale (undeveloped, under development and developed) and to other high value, low volume inventory items on a specific identification of cost basis. Cost for all other inventory is measured on the basis of weighted average cost.
Bases used in assessing loss of service potential for inventories held for distribution include current replacement cost and technical or functional obsolescence. Technical obsolescence occurs when an item still functions for some or all of the tasks it was originally acquired to do, but no longer matches existing technologies. Functional obsolescence occurs when an item no longer functions the way it did when it was first acquired.
Non-financial physical assets classified as held for sale, including disposal group assetsNon-financial physical assets (including disposal group assets) are treated as current assets and classified as held for sale if their carrying amount will be recovered through a sale transaction rather than through continuing use.
This condition is regarded as met only when:
> the asset is available for immediate use in the current condition; and
> the sale is highly probable and the asset’s sale is expected to be completed in twelve months from the date of classification.
These non-financial physical assets, related liabilities and financial assets are measured at the lower of carrying amount and fair value less costs to sell, and are not subject to depreciation or amortisation.
Property, plant and equipmentAll non-financial physical assets, are measured initially at cost and subsequently revalued at fair value less accumulated depreciation and impairment. Where an asset is acquired for no or nominal cost, the cost is its fair value at the date of acquisition. Assets transferred as part of a Machinery of Government change are transferred at their carrying amount.
The initial cost for non-financial physical assets under a finance lease (refer to Note 1(P)) is measured at amounts equal to the fair value of the leased asset or, if lower, the present value of the minimum lease payments, each determined at the inception of the lease.
Non-financial physical assets such as crown land are measured at fair value with regard to the property’s highest and best use after due consideration is made for any legal or constructive restrictions imposed on the asset, public announcements or commitments made in relation to the intended use of the asset. Theoretical opportunities that may be available in relation to the asset are not taken into account until it is virtually certain that the restrictions will no longer apply. Therefore, unless otherwise disclosed, the current use of these non-financial physical assets will be their highest and best uses. The fair value of heritage assets, and other non-financial physical
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assets (including crown land and infrastructure assets) that the department intends to preserve because of their unique attributes, is measured at the replacement cost of the asset less, where applicable, accumulated depreciation (calculated on the basis of such cost to reflect the already consumed or expired future economic benefits of the asset) and any accumulated impairment. These policies and any legislative limitations and restrictions imposed on their use and/or disposal may impact their fair value.
The fair value of infrastructure assets and plant, equipment and vehicles, is normally determined by reference to the asset’s depreciated replacement cost, or where the infrastructure is held by a for-profit entity, the fair value may be derived from estimates of the present value of future cash flows. For plant, equipment and vehicles, existing depreciated historical cost is generally a reasonable proxy for depreciated replacement cost because of the short lives of the assets concerned.
Certain assets are acquired under finance leases, which may form part of a service concession arrangement. Refer to Notes 1(P) Leases and 1(S) Commitments for more information.
The cost of constructed non-financial physical assets includes the cost of all materials used in construction, direct labour on the project, and an appropriate proportion of variable and fixed overheads.
For the accounting policy on impairment of non-financial physical assets, refer to impairment of non-financial assets under Note 1(L) Impairment of non-financial assets.
Leasehold improvementsThe cost of a leasehold improvement is capitalised as an asset and amortised over the shorter of the remaining term of the lease or the estimated useful life of the improvements.
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Revaluations of non-financial physical assets Non-financial physical assets are measured at fair value on a cyclical basis, in accordance with the Financial Reporting Directions (FRDs) issued by the Minister for Finance. A full revaluation normally occurs every five years, based upon the asset’s Government purpose classification but may occur more frequently if fair value assessments indicate material changes in values. Independent valuers are generally used to conduct these scheduled revaluations. Certain infrastructure assets are revalued using specialised advisors. Any interim revaluations are determined in accordance with the requirements of the FRDs.
Revaluation increases or decreases arise from differences between an asset’s carrying amount and fair value.
Net revaluation increases (where the carrying amount of a class of assets is increased as a result of a revaluation) are recognised in ‘Other economic flows – other movements in equity’, and accumulated in equity under the asset revaluation surplus. However, the net revaluation increase is recognised in the net result to the extent that it reverses a net revaluation decrease in respect of the same class of property, plant and equipment previously recognised as an expense (other economic flows) in the net result.
Net revaluation decrease is recognised in ‘Other economic flows – other movements in equity’ to the extent that a credit balance exists in the asset revaluation surplus in respect of the same class of property, plant and equipment. Otherwise, the net revaluation decreases are recognised immediately as other economic flows in the net result. The net revaluation decrease recognised in ‘Other economic flows – other movements in equity’ reduces the amount accumulated in equity under the asset revaluation surplus.
Revaluation increases and decreases relating to individual assets in a class of property, plant and equipment, are offset against one another in that class but are not offset in respect of assets in different classes. Any asset revaluation surplus is not normally transferred to accumulated funds on derecognition of the relevant asset.
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Intangible assetsIntangible assets are initially recognised at cost. Subsequently, intangible assets with finite useful lives are carried at cost less accumulated depreciation/amortisation and accumulated impairment losses. Costs incurred subsequent to initial acquisition are capitalised when it is expected that additional future economic benefits will flow to the department.
When the recognition criteria in AASB 138 Intangible Assets are met, internally generated intangible assets are recognised and measured at cost less accumulated amortisation and impairment.
Refer to Note 1(K) Depreciation, Amortisation of non-produced intangible assets and Note 1(L) Impairment of non-financial assets.
Expenditure on research activities is recognised as an expense in the period in which it is incurred.
An internally-generated intangible asset arising from development (or from the development phase of an internal project) is recognised if, and only if, all of the following are demonstrated:
(a) the technical feasibility of completing the intangible asset so that it will be available for use or sale;
(b) an intention to complete the intangible asset and use or sell it;
(c) the ability to use or sell the intangible asset;
(d) the intangible asset will generate probable future economic benefits;
(e) the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and
(f) the ability to measure reliably the expenditure attributable to the intangible asset during its development.
Other non-financial assets
Prepayments
Other non-financial assets include prepayments which represent payments in advance of receipt of goods or services or that are part of expenditure made in one accounting period covering a term extending beyond that period.
(R) LIABILITIES
PayablesPayables consist of:
> contractual payables, such as accounts payable, and unearned income including deferred income. Accounts payable represent liabilities for goods and services provided to the department as at the end of the financial year that are unpaid, and arise when the department becomes obliged to make future payments in respect of the purchase of those goods and services; and
> statutory payables, such as GST and fringe benefits tax payables.
Contractual payables are classified as financial instruments and categorised as financial liabilities at amortised cost, refer Note 1(N). Statutory payables are recognised and measured similarly to contractual payables, but are not classified as financial instruments and not included in the category of financial liabilities at amortised cost, because they do not arise from a contract.
BorrowingsAll interest bearing liabilities are initially recognised at fair value of the consideration received, less directly attributable transaction costs, refer Note 1(P) Leases. The measurement basis subsequent to initial recognition depends on whether the department has categorised its interest-bearing liabilities as either financial liabilities designated at fair value through profit and loss, or financial liabilities at amortised cost. Any difference between the initial recognised amount and the redemption value is recognised in net result over the period of the borrowing using the effective interest method.
Financial guaranteesPayments that are contingent under financial guarantee contracts are recognised as a liability at the time the guarantee is issued. The liability is initially measured at fair value, and if there is a material increase in the likelihood that the guarantee may have to be exercised, then it is measured at the higher of the amount determined in accordance with AASB 137 Provisions, Contingent Liabilities and Contingent Assets and the amount initially recognised less cumulative amortisation, where appropriate.
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NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
In the determination of fair value, consideration is given to factors including the overall capital management/prudential supervision framework in operation, the protection provided by the State Government by way of funding should the probability of default increase, probability of default by the guaranteed party and the likely loss to the department in the event of default.
The value of loans and other amounts guaranteed by the Treasurer is disclosed in Note 22 Contingent assets and contingent liabilities.
Derecognition of financial liabilities
A financial liability is derecognised when the obligation under the liability is discharged, cancelled or expires.
When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognised as an other economic flow in the estimated consolidated comprehensive operating statement.
ProvisionsProvisions are recognised when the department has a present obligation, the future sacrifice of economic benefits is probable, and the amount of the provision can be measured reliably.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows, using a discount rate that reflects the time value of money and risks specific to the provision.
When some or all of the economic benefits required to settle a provision are expected to be received from a third party, the receivable is recognised as an asset if it is virtually certain that recovery will be received and the amount of the receivable can be measured reliably.
Employee benefitsProvision is made for benefits accruing to employees in respect of wages and salaries, annual leave and long service leave for services rendered to the reporting date.
(i) Salaries and wages, annual leave and sick leave
Liabilities for salaries and wages, including non-monetary benefits and annual leave, are recognised in the provision for employee benefits as ‘current liabilities’, because the department does not have an unconditional right to defer settlements of the liabilities. Those liabilities which are expected to be settled within twelve months of the reporting period, are measured at their nominal values. Those liabilities that are not expected to be settled within twelve months are also recognised in the provision for employee benefits as current liabilities, but are measured at present value of the amounts expected to be paid when the liabilities are settled using the remuneration rate expected to apply at the time of settlement.
(ii) Long service leaveLiability for long service leave (LSL) is recognised in the provision for employee benefits.
Unconditional LSL is disclosed in the notes to the financial statements as a current liability, even where the department does not expect to settle the liability within twelve months because it will not have the unconditional right to defer the settlement of the entitlement should an employee take leave within twelve months.
The components of this current LSL liability are measured at:
> undiscounted value – if the department expects to settle within twelve months; and
> present value – if the department does not expect to settle within twelve months.
Conditional LSL is disclosed as a non-current liability. There is an unconditional right to defer the settlement of the entitlement until the employee has completed the requisite years of service. This non-current LSL liability is measured at present value.
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Any gain or loss following revaluation of the present value of non-current LSL liability is recognised as a transaction, except to the extent that a gain or loss arises due to changes in bond interest rates for which it is then recognised as an other economic flow (refer to Note 1(L)).
(iii) Termination benefitsTermination benefits are payable when employment is terminated before the normal retirement date, or when an employee accepts voluntary redundancy in exchange for these benefits. The department recognises termination benefits when it is demonstrably committed to either terminating the employment of current employees according to a detailed formal plan without possibility of withdrawal or providing termination benefits as a result of an offer made to encourage voluntary redundancy. Benefits falling due more than twelve months after the end of the reporting period are discounted to present value.
Employee benefits on-costsEmployee benefits on-costs such as payroll tax, workers compensation and superannuation are recognised separately from the provision of employee benefits.
(S) COMMITMENTSCommitments for future expenditure include operating and capital commitments arising from contracts. These commitments are disclosed by way of a note (refer to Note 21 Commitments for expenditure) at their nominal value and exclusive of the GST payable. In addition, where it is considered appropriate and provides additional relevant information to users, the net present values of significant individual projects are stated. These future expenditures cease to be disclosed as commitments once the related liabilities are recognised in the balance sheet.
(T) CONTINGENT ASSETS AND CONTINGENT LIABILITIES
Contingent assets and contingent liabilities are not recognised in the balance sheet, but are disclosed by way of a note (refer Note 22 Contingent assets and contingent liabilities) and, if quantifiable, are measured at nominal value. Contingent assets and liabilities are presented exclusive of GST receivable or payable respectively.
(U) EQUITY
Contributions by ownersAdditions to net assets which have been designated as contributions by owners are recognised as contributed capital. Other transfers that are in the nature of contributions or distributions have also been designated as contributions by owners.
Transfers of net assets arising from administrative restructurings are treated as distributions to or contributions by owners. Transfers of net liabilities arising from administrative restructurings are treated as distributions to owners.
(V) FOREIGN CURRENCYAll foreign currency transactions are brought to account using the exchange rate in effect at the date of the transaction. Foreign monetary items existing at the date of the end of the reporting period are translated at the closing rate at the date of the end of the reporting period. Non-monetary assets carried at fair value that are denominated in foreign currencies are translated to the functional currency at the rates prevailing at the date when the fair value was determined.
Foreign currency translation differences are recognised in other economic flows and accumulated in a separate component of equity, in the period in which they arise.
(W) AASs ISSUED THAT ARE NOT YET EFFECTIVE
Certain new AASs have been published that are not mandatory for 30 June 2014 reporting period. DTF assesses the impact of all these new standards and advises department of their applicability and early adoption where applicable. In addition the Department of State Development, Business and Innovation undertakes a detailed assessment of the impact on its operations of transitional AAS.
As at 30 June 2014, the following AASs have been issued by the AASB but not yet effective. They become effective for the first financial statements for reporting periods commencing after the stated operative dates as follows:
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STANDARD / INTERPRETATION
SUMMARY APPLICABLE FOR ANNUAL REPORTING PERIODS BEGINNING ON
IMPACT ON DEPARTMENTAL FINANCIAL STATEMENTS
AASB 9 Financial Instruments
The Standard simplifies requirements for the classification and measurement of financial assets resulting from Phase 1 of the International Accounting Standards Board’s (IASB) project to replace IAS 39 Financial Instruments: recognition and measurement (AASB 139 financial instruments: recognition and measurement).
Beginning 1 January 2017
No material impact on the department
AASB 10 Consolidated Financial Statements
This Standard applies to both for-profit and not-for-profit entities. However, prior to the 1 January 2013 mandatory application date of this Standard, the AASB will consider whether this Standard should be modified for application by not-for-profit entities. Not-for-profit entities are not permitted to apply this Standard prior to the mandatory application date.
Beginning 1 January 2014
No material impact on the department
AASB 11 Joint Arrangements
This standard requires entities that have an interest in arrangements that are controlled jointly to assess whether the arrangement is a joint operation or joint venture. AASB 11 shall be applied for an arrangement that is a joint operation. It also replaces parts of requirements in AASB 131 Interests in Joint Ventures.
Beginning 1 January 2014
No material impact on the department
AASB 12 Disclosure of Interests in Other Entities
This Standard requires disclosure of information that enables users of financial statements to evaluate the nature of, and risks associated with interests in other entities and the effects of those interests on the financial statements.
Beginning 1 January 2014
No material impact on the department
AASB 127 Separate Financial Statements
This revised Standard prescribes the accounting and disclosure requirements for investments in subsidiaries, joint ventures and associates when an entity prepares separate financial statements.
Beginning 1 January 2014
No material impact on the department
AASB 128 Investments in Associates and Joint Ventures
This revised Standard sets out the requirements for the application of the equity method when accounting for investments in associates and joint ventures.
Beginning 1 January 2014
No material impact on the department
AASB 1055 Budgetary Reporting
This Standard sets out budgetary reporting requirements for not-for-profit entities within the General Government Sector, and, together with AASB 2013-1 Amendments to AASB 1049 – Relocation of Budgetary Reporting Requirements, relocates the corresponding budgetary reporting requirements from AASB 1049.
Beginning 1 July 2014
No material impact on the department
AASB 1056 Superannuation Entities
This Standard replaces AAS 25 Financial Reporting by Superannuation Plans. Beginning 1 July 2016
No material impact on the department
AASB 2010-7 Amendments to Australian Accounting Standards arising from AASB 9 (December 2010)
This Standard addresses consequential amendments in relation to the introduction of AASB 9.
Beginning 1 January 2015
No material impact on the department
AASB 2011-7 Amendments to Australian Accounting Standards arising from the Consolidation and Joint Arrangements Standards
This Standard is applicable only when AASB 10, 11, 12, 127 and 128 are applied. Some amendments will result in accounting changes for presentation, recognition or measurement purposes, while other amendments will relate to terminology and editorial changes.
Beginning 1 January 2014
No material impact on the department
AASB 2012-3 Amendments to Australian Accounting Standards – Offsetting Financial Assets and Financial Liabilities (AASB 132)
This Standard adds application guidance to AASB 132 to address inconsistencies identified in applying some of the offsetting criteria of AASB 132, including clarifying the meaning of “currently has a legally enforceable right of set-off” and that some gross settlement systems may be considered equivalent to net settlement.
Beginning 1 January 2014
No material impact on the department
AASB 2013-1 Amendments to AASB 1049 – Relocation of Budgetary Reporting Requirements
This Standard makes amendments to AASB 1049 to remove the requirements relating to the disclosure of budgetary information specified in that Standard for whole of Governments and GGSs, as a consequence of the issuance of AASB 1055 Budgetary Reporting.
Beginning 1 July 2014
No material impact on the department
AASB 2013-3 Amendments to AASB 136 – Recoverable Amount Disclosures for Non-Financial Assets
This Standard amends the disclosure requirements in AASB 136. The amendments include the requirement to disclose additional information about the fair value measurement when the recoverable amount of impaired assets is based on fair value less costs of disposal. In addition, a further requirement has been included to disclose the discount rates that have been used in the current and previous measurements if the recoverable amount of impaired assets based on fair value less costs of disposal was measured using a present value technique. The intention of this amendment is to harmonise the disclosure requirements for fair value less costs of disposal and value in use when present value techniques are used to measure the recoverable amount of impaired assets.
Beginning 1 January 2014
No material impact on the department
NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
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STANDARD / INTERPRETATION
SUMMARY APPLICABLE FOR ANNUAL REPORTING PERIODS BEGINNING ON
IMPACT ON DEPARTMENTAL FINANCIAL STATEMENTS
AASB 2013-4 Amendments to Australian Accounting Standards – Novation of Derivatives and Continuation of hedge Accounting
This Standard makes amendments to AASB 139 to permit the continuation of hedge accounting in circumstances where a derivative, which has been designated as a hedging instrument, is novated from one counterparty to a central counterparty as a consequence of laws or regulations.
Beginning 1 January 2014
No material impact on the department
AASB 2013-5 Amendments to Australian Accounting Standards – Investment Entities [AASB 1, AASB 3, AASB 7, AASB 10, AASB 12, AASB 107, AASB 112, AASB 124, AASB 127, AASB 132, AASB 134 & AASB 139]
The Standard amendments define an investment entity and require that, with limited exceptions, an investment entity not consolidate its subsidiaries or apply AASB 3 Business Combinations when it obtains control of another entity. These amendments require an investment entity to measure unconsolidated subsidiaries at fair value through profit or loss in accordance with AASB 9 Financial Instruments in its consolidated and separate financial statements.
The amendments also introduce new disclosure requirements for investment entities to AASB 2 Disclosure of Interests in Other Entities and AASB 127 Separate Financial Statements.
Beginning 1 January 2014
No material impact on the department
AASB 2013-6 Amendments AASB 136 arising from Reduced Disclosure Requirements
This Standard amends the AAS – Reduced Disclosure Requirements for AASB 136 Impairment of Assets. AASB 1053 provides further information regarding the differential reporting framework and the two tiers of reporting requirements for preparing general purpose financial statements.
Beginning 1 January 2014
No material impact on the department
AASB 2013-7 Amendments to AASB 1038 arising from AASB 10 in relation to consolidation and interests of policyholders [AASB 1038]
This Standard removes the specific requirements in relation to consolidation from AASB 1038 (in particular, paragraphs 1.1.1, 4.1, 4.1.1, and 4.2 – 4.2.2), which leaves AASB 10 as the sole source for consolidation requirements applicable to life insurer entities.
Beginning 1 January 2014
No material impact on the department
AASB 2013-8 Amendments to Australian Accounting Standards – Australian Implementation Guidance for Not-for-Profit Entities – Control and Structured Entities [AASB 10, AASB 12 & AASB 1049]
The Standard amendments to AASB 10 add Appendix E Australian Implementation Guidance for Not-for-Profit Entities as an integral part of the Standard. The appendix explains various principles in AASB 10 regarding the criteria for determining whether one entity controls another entity from the perspective of not-for-profit entities, and illustrates the principles with examples.
Beginning 1 January 2014
No material impact on the department
AASB 2013-9 Amendments to Australian Accounting Standards – Conceptual framework, Materiality and Financial Instruments (Operative dates: Part A Conceptual Framework – 20 December 2013; Part B Materiality – 1 January 2014; and Part C Financial Instruments – 1 January 2015)
The Standard Part A makes various editorial corrections to AAS. It updates references to the Framework in a manner that is consistent with the amendments made by the IASB in its corresponding pronouncements. This includes, to be consistent with the AASB’s IFRS adoption policy, retaining references to specific superseded paragraphs of the Framework in Accounting Standards and Interpretations where the IASB has not yet updated the corresponding reference in the body of its pronouncements.
Beginning 1 January 2014 and 1 January 2015
No material impact on the department
AASB 2014-2 Amendments to AASB 1053 – Transition to and between Tiers, and related Tier 2 Disclosure Requirements (AASB 1053)
This Standard amends AASB 1053 to:
(a) clarify that AASB 1053 only applies to general purpose financial statements;
(b) make AASB 1053 consistent with the availability of the option under AASB 1 First-time Adoption of AAS to apply AAS retrospectively in accordance with AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors;
(c) clarify certain circumstances in which entities resuming Tier 2 reporting requirements can apply the AASB 108 option in AASB 1;
(d) permit an entity applying Tier 2 reporting requirements for the first time.
Beginning 1 July 2014
No material impact on the department
AASB Interpretation 21 Levies
This Interpretation clarifies the circumstances under which a liability to pay a levy imposed by a Government should be recognised, and whether that liability should be recognised in full at a specific date or progressively over a period of time.
Beginning 1 January 2014
No material impact on the department
60 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
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A description of each output group of the department during the year ended 30 June 2014, together with the objectives of each output group are summarised below.
INVESTMENT ATTRACTION, FACILITATION AND MAJOR PROJECTS
Output descriptionProvides investment attraction and facilitation assistance to attract new international investment and encourage additional investment by companies already operating in Victoria. In addition it also supports an increased share of national business investment in Victoria through the management and delivery of nominated development projects.
ObjectivesProvide market intelligence and assistance to organisations to make it easy to invest in Victoria.
REGIONAL DEVELOPMENT AND REGIONAL CITIES
Output descriptionGuides the development and implementation of regional plans and strategies to manage growth and change in regional and rural Victoria. Provides for better infrastructure, facilities and services to strengthen the economic base of communities and to create jobs and improve career opportunities for regional Victorians.
ObjectivesProvide market intelligence and assistance to organisations to make it easy to invest in Victoria.
ENERGY AND RESOURCES
Output descriptionDevelops policy frameworks and delivers programs to: ensure that consumers benefit from competitive, efficient, reliable and safe energy services; facilitate investment in coal, gas, renewable energy, targeted mineral resources; responsibly manage and support access to earth resources for current and future use; and, support, technological development within these sectors.
ObjectivesProvide market intelligence and assistance to organisations to make it easy to invest in Victoria.
Create more opportunities for businesses to grow and become more productive and competitive in the global market place.
SMALL BUSINESS ASSISTANCE
Output descriptionProvide business information, advisory and referral services that contribute to the growth and development of small and medium sized enterprises across Victoria.
ObjectivesCreate more opportunities for businesses to grow and become more productive and competitive in the global market place.
NOTE 2. DEPARTMENTAL (CONTROLLED) OUTPUTS
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 61
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TRADE AND EXPORT FACILITATION
Output descriptionPromotes business growth opportunities by providing development assistance and facilitation services to support increased productivity and competitiveness.
ObjectivesCreate more opportunities for businesses to grow and become more productive and competitive in the global market place.
INNOVATION AND TECHNOLOGY
Output descriptionSupports innovation by providing access to information and building capacity for the development and effective use of new practices and technologies to support increased productivity and competitiveness in Victoria.
ObjectivesSupport organisations and Government to boost their productivity through innovation.
TOURISM AND MARKETINGOutput description
Facilitates employment and long-term economic benefits of tourism, investment and international students coming to Victoria by positioning and marketing the state as a competitive tourism, investment and study destination.
Objectives Promote Victoria to attract tourists, investors and students.
EMPLOYMENT
Output description Provides programs to link business workforce needs with skilled migration and untapped labour sources to meet Victoria’s skills requirements.
Objectives Assist businesses in accessing skilled workers to align with Victoria’s industry needs.
62 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
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NOTE 2. DEPARTMENTAL (CONTROLLED) OUTPUTS (CONTINUED)
Schedule A – Controlled income and expenses for the year ended 30 June 2014
TRADE AND EXPORT FACILITATION
INNOVATION AND TECHNOLOGY
TOURISM AND MARKETING
EMPLOYMENT REGIONAL DEVELOPMENT & REGIONAL CITIES
ENERGY & RESOURCES INVESTMENT ATTRACTION, FACILITATION AND MAJOR PROJECTS
SMALL BUSINESS ASSISTANCE
DEPARTMENTAL TOTAL
2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Continuing operations
Income from transactions
Output appropriations 31,909 33,743 165,224 149,753 77,043 74,034 10,904 14,318 59,329 – 90,905 – 113,117 135,543 27,793 30,741 576,223 438,132
Regional Growth Fund appropriations – – – – – – – – 136,000 – – – – – – – 136,000 –
Interest – – 21 91 – (0) – – 5,016 – – – 276 519 – – 5,312 611
Grants – – 2,000 6,300 74,268 74,755 – 440 7,740 – – – (0) 2,000 – – 84,008 83,495
Other income 1,113 195 1,071 3,022 375 58 67 565 3,687 – 22,137 – 110,247 93,083 746 1,730 139,444 98,654
Total Income from transactions 33,022 33,938 168,316 159,166 151,685 148,847 10,971 15,323 211,771 – 113,042 – 223,639 231,145 28,539 32,471 940,987 620,892
Expenses from transactions
Employee expenses (7,471) (8,608) (15,677) (17,966) (7,974) (8,069) (3,094) (5,476) (21,796) – (25,467) – (25,373) (28,042) (8,935) (10,111) (115,787) (78,271)
Depreciation and amortisation (456) (186) (1,441) (939) (581) (446) (122) (90) (1,084) – (1,666) – (2,777) (2,152) (615) (246) (8,743) (4,060)
Interest expense (16) (7) (49) (9) (20) (6) (4) (4) (47) – (79) – (43) (14) (22) (7) (280) (47)
Grants and other transfers (11,488) (7,312) (97,234) (89,522) (131,446) (126,526) (4,389) (5,816) (155,191) – (27,020) – (54,987) (79,153) (2,892) (1,951) (484,647) (310,279)
Capital asset charge (222) (159) (3,170) (3,363) (1,529) (1,705) (59) (81) (527) – (810) – (3,185) (3,961) (299) (222) (9,801) (9,491)
Other operating expenses (13,971) (15,263) (26,007) (24,953) (10,055) (14,541) (3,516) (4,913) (17,164) – (42,762) – (152,950) (124,098) (16,461) (20,172) (282,883) (203,940)
Total expenses from transactions (33,624) (31,534) (143,578) (136,751) (151,605) (151,293) (11,184) (16,380) (195,808) – (97,804) – (239,316) (237,421) (29,224) (32,709) (902,142) (606,088)
Net result from transactions (net operating balance) (602) 2,404 24,738 22,415 81 (2,446) (213) (1,057) 15,963 – 15,238 – (15,676) (6,275) (685) (238) 38,846 14,804
Other economic flows included in net result
Net gain/(loss) on non-financial assets 7 2 23 (729) 9 (1) 2 0 17 – 26 – (4,944) (3,234) 10 75 (4,850) (3,887)
Net gain/(loss) on financial instruments (3) 2 (9) 10 (1) 5 (1) (26) (6) – (8) – (8) 7 (4) 3 (40) –
Other gains/(losses) from other economic flows (2) 7 (6) 35 (3) 17 (1) 3 (5) – (7) – (6) 22 (3) 9 (32) 93
Total other economic flows included in net result 2 10 8 (684) 5 20 – (23) 6 – 11 – (4,958) (3,205) 3 87 (4,922) (3,794)
Net result (600) 2,415 24,746 21,731 86 (2,426) (213) (1,080) 15,969 – 15,247 – (20,634) (9,480) (681) (151) 33,924 11,010
Other economic flows – other comprehensive income
Items that will not be reclassified to net result
Transfer of asset revaluation surplus to accumulated surplus – – – – – – – – – – – – 5,320 – – – 5,320 –
Changes in physical asset revaluation surplus – – – – – – – – – – – – (5,320) – – – (5,320) –
Total other economic flows – other comprehensive income – – – – – – – – – – – – – – – – – –
Comprehensive result (600) 2,415 24,746 21,731 86 (2,426) (213) (1,080) 15,969 – 15,247 – (20,634) (9,480) (681) (151) 33,924 11,010
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 63
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Schedule A – Controlled income and expenses for the year ended 30 June 2014
TRADE AND EXPORT FACILITATION
INNOVATION AND TECHNOLOGY
TOURISM AND MARKETING
EMPLOYMENT REGIONAL DEVELOPMENT & REGIONAL CITIES
ENERGY & RESOURCES INVESTMENT ATTRACTION, FACILITATION AND MAJOR PROJECTS
SMALL BUSINESS ASSISTANCE
DEPARTMENTAL TOTAL
2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Continuing operations
Income from transactions
Output appropriations 31,909 33,743 165,224 149,753 77,043 74,034 10,904 14,318 59,329 – 90,905 – 113,117 135,543 27,793 30,741 576,223 438,132
Regional Growth Fund appropriations – – – – – – – – 136,000 – – – – – – – 136,000 –
Interest – – 21 91 – (0) – – 5,016 – – – 276 519 – – 5,312 611
Grants – – 2,000 6,300 74,268 74,755 – 440 7,740 – – – (0) 2,000 – – 84,008 83,495
Other income 1,113 195 1,071 3,022 375 58 67 565 3,687 – 22,137 – 110,247 93,083 746 1,730 139,444 98,654
Total Income from transactions 33,022 33,938 168,316 159,166 151,685 148,847 10,971 15,323 211,771 – 113,042 – 223,639 231,145 28,539 32,471 940,987 620,892
Expenses from transactions
Employee expenses (7,471) (8,608) (15,677) (17,966) (7,974) (8,069) (3,094) (5,476) (21,796) – (25,467) – (25,373) (28,042) (8,935) (10,111) (115,787) (78,271)
Depreciation and amortisation (456) (186) (1,441) (939) (581) (446) (122) (90) (1,084) – (1,666) – (2,777) (2,152) (615) (246) (8,743) (4,060)
Interest expense (16) (7) (49) (9) (20) (6) (4) (4) (47) – (79) – (43) (14) (22) (7) (280) (47)
Grants and other transfers (11,488) (7,312) (97,234) (89,522) (131,446) (126,526) (4,389) (5,816) (155,191) – (27,020) – (54,987) (79,153) (2,892) (1,951) (484,647) (310,279)
Capital asset charge (222) (159) (3,170) (3,363) (1,529) (1,705) (59) (81) (527) – (810) – (3,185) (3,961) (299) (222) (9,801) (9,491)
Other operating expenses (13,971) (15,263) (26,007) (24,953) (10,055) (14,541) (3,516) (4,913) (17,164) – (42,762) – (152,950) (124,098) (16,461) (20,172) (282,883) (203,940)
Total expenses from transactions (33,624) (31,534) (143,578) (136,751) (151,605) (151,293) (11,184) (16,380) (195,808) – (97,804) – (239,316) (237,421) (29,224) (32,709) (902,142) (606,088)
Net result from transactions (net operating balance) (602) 2,404 24,738 22,415 81 (2,446) (213) (1,057) 15,963 – 15,238 – (15,676) (6,275) (685) (238) 38,846 14,804
Other economic flows included in net result
Net gain/(loss) on non-financial assets 7 2 23 (729) 9 (1) 2 0 17 – 26 – (4,944) (3,234) 10 75 (4,850) (3,887)
Net gain/(loss) on financial instruments (3) 2 (9) 10 (1) 5 (1) (26) (6) – (8) – (8) 7 (4) 3 (40) –
Other gains/(losses) from other economic flows (2) 7 (6) 35 (3) 17 (1) 3 (5) – (7) – (6) 22 (3) 9 (32) 93
Total other economic flows included in net result 2 10 8 (684) 5 20 – (23) 6 – 11 – (4,958) (3,205) 3 87 (4,922) (3,794)
Net result (600) 2,415 24,746 21,731 86 (2,426) (213) (1,080) 15,969 – 15,247 – (20,634) (9,480) (681) (151) 33,924 11,010
Other economic flows – other comprehensive income
Items that will not be reclassified to net result
Transfer of asset revaluation surplus to accumulated surplus – – – – – – – – – – – – 5,320 – – – 5,320 –
Changes in physical asset revaluation surplus – – – – – – – – – – – – (5,320) – – – (5,320) –
Total other economic flows – other comprehensive income – – – – – – – – – – – – – – – – – –
Comprehensive result (600) 2,415 24,746 21,731 86 (2,426) (213) (1,080) 15,969 – 15,247 – (20,634) (9,480) (681) (151) 33,924 11,010
64 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
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NOTE 2. DEPARTMENTAL (CONTROLLED) OUTPUTS (CONTINUED)
Schedule B – Controlled assets and liabilities as at 30 June 2014
TRADE AND EXPORT FACILITATION
INNOVATION AND TECHNOLOGY
TOURISM AND MARKETING
EMPLOYMENT REGIONAL DEVELOPMENT & REGIONAL CITIES
ENERGY & RESOURCES INVESTMENT ATTRACTION, FACILITATION AND MAJOR PROJECTS
SMALL BUSINESS ASSISTANCE
DEPARTMENTAL TOTAL
2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Assets
Financial assets 17,066 9,844 101,958 69,669 11,726 24,160 7,243 5,475 266,119 – 47,888 – 84,029 78,481 15,992 15,226 552,021 202,855
Non-financial assets 5,359 5,621 35,913 29,287 31,241 19,390 1,429 2,886 14,735 – 19,595 – 528,804 547,216 5,233 7,884 642,309 612,284
Total Assets 22,425 15,465 137,871 98,956 42,967 43,550 8,672 8,361 280,854 – 67,483 – 612,833 625,697 21,225 23,110 1,194,330 815,139
Total Liabilities (5,395) (2,934) (16,057) (18,547) (11,493) (13,748) (1,266) (289) (23,484) – (21,228) – (53,129) (44,919) (6,804) (4,312) (138,856) (84,749)
Net Assets 17,030 12,531 121,814 80,409 31,474 29,802 7,407 8,072 (257,370) – 46,256 – 559,704 580,778 14,421 18,798 1,055,474 730,390
TRADE AND EXPORT FACILITATION
INNOVATION AND TECHNOLOGY
TOURISM AND MARKETING
EMPLOYMENT REGIONAL DEVELOPMENT & REGIONAL CITIES
ENERGY & RESOURCES INVESTMENT ATTRACTION, FACILITATION AND MAJOR PROJECTS
SMALL BUSINESS ASSISTANCE
DEPARTMENTAL TOTAL
2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Administered financial assets
Appropriations - payments made on behalf of the state – – – – 60,878 59,000 – – – – – – – – – – 60,878 59,000
Sale of goods and services (1) 7 1,063 1,054 2,092 2,104 – 2 393 – 276 – (4) 16,014 (2) 3 3,817 19,184
Regulatory fees, fines, leases and licences – – – – – – – – – – 5,177 – – – – – 5,177 –
Royalties – – – – – – – – – – 51,997 – – – – – 51,997 –
Interest – – – – 10,404 16,837 – – – – 42 – – – – – 10,446 16,837
Commonwealth grants – – – – – – – – – – – – 357 1,078 – – 357 1,078
Total administered Income from transactions (1) 7 1,063 1,054 73,374 77,941 – 2 393 – 57,492 – 353 17,092 (2) 3 132,672 96,099
Administered expenses from transactions
Payments into Consolidated Fund – – (2,266) (5,347) (8,354) (7,692) – – (396) – (57,527) – (21,107) (30,215) – – (89,650) (43,254)
Bad debts – – – (66) – – – – – – – – – – – – – (66)
Other operating expenses – – – – (20,207) (18,391) – – – – – – (12,509) – – – (32,716) (18,391)
Interest expense – – – – (40,671) (40,609) – – – – – – – – – – (40,671) (40,609)
Total administered expenses from transactions – – (2,266) (5,413) (69,232) (66,692) – – (396) – (57,527) – (33,616) (30,215) – – (163,037) (102,320)
Total administered net result from transactions (net operating balance)
(1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (35) – (33,263) (13,123) (2) 3 (30,365) (6,221)
Administered other economic flows included in administered net result
Net gain/(loss) on non-financial assets – – – – – – – – – – – – 20,721 13,325 – – 20,721 13,325
Net gain/(loss) on financial instruments – – – – – – – – – – 12 – – – – – 12 –
Total administered other economic flows – – – – – – – – – – 12 – 20,721 13,325 – – 20,733 13,325
Administered net result (1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (23) – (12,542) 202 (2) 3 (9,632) 7,104
Total administered comprehensive result (1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (23) – (12,542) 202 (2) 3 (9,632) 7,104
NOTE 3. ADMINISTERED (NON-CONTROLLED) ITEMS
In addition to the specific departmental operations which are included in the financial statements (comprehensive operating statement, balance sheet, statement of changes on equity and cash flow statement), the department administers
or manages other activities and resources on behalf of the state. The transactions relating to these activities are reported as administered items (refer to Notes 1(E) and 1(F)).
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 65
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Schedule B – Controlled assets and liabilities as at 30 June 2014
TRADE AND EXPORT FACILITATION
INNOVATION AND TECHNOLOGY
TOURISM AND MARKETING
EMPLOYMENT REGIONAL DEVELOPMENT & REGIONAL CITIES
ENERGY & RESOURCES INVESTMENT ATTRACTION, FACILITATION AND MAJOR PROJECTS
SMALL BUSINESS ASSISTANCE
DEPARTMENTAL TOTAL
2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Assets
Financial assets 17,066 9,844 101,958 69,669 11,726 24,160 7,243 5,475 266,119 – 47,888 – 84,029 78,481 15,992 15,226 552,021 202,855
Non-financial assets 5,359 5,621 35,913 29,287 31,241 19,390 1,429 2,886 14,735 – 19,595 – 528,804 547,216 5,233 7,884 642,309 612,284
Total Assets 22,425 15,465 137,871 98,956 42,967 43,550 8,672 8,361 280,854 – 67,483 – 612,833 625,697 21,225 23,110 1,194,330 815,139
Total Liabilities (5,395) (2,934) (16,057) (18,547) (11,493) (13,748) (1,266) (289) (23,484) – (21,228) – (53,129) (44,919) (6,804) (4,312) (138,856) (84,749)
Net Assets 17,030 12,531 121,814 80,409 31,474 29,802 7,407 8,072 (257,370) – 46,256 – 559,704 580,778 14,421 18,798 1,055,474 730,390
TRADE AND EXPORT FACILITATION
INNOVATION AND TECHNOLOGY
TOURISM AND MARKETING
EMPLOYMENT REGIONAL DEVELOPMENT & REGIONAL CITIES
ENERGY & RESOURCES INVESTMENT ATTRACTION, FACILITATION AND MAJOR PROJECTS
SMALL BUSINESS ASSISTANCE
DEPARTMENTAL TOTAL
2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Administered financial assets
Appropriations - payments made on behalf of the state – – – – 60,878 59,000 – – – – – – – – – – 60,878 59,000
Sale of goods and services (1) 7 1,063 1,054 2,092 2,104 – 2 393 – 276 – (4) 16,014 (2) 3 3,817 19,184
Regulatory fees, fines, leases and licences – – – – – – – – – – 5,177 – – – – – 5,177 –
Royalties – – – – – – – – – – 51,997 – – – – – 51,997 –
Interest – – – – 10,404 16,837 – – – – 42 – – – – – 10,446 16,837
Commonwealth grants – – – – – – – – – – – – 357 1,078 – – 357 1,078
Total administered Income from transactions (1) 7 1,063 1,054 73,374 77,941 – 2 393 – 57,492 – 353 17,092 (2) 3 132,672 96,099
Administered expenses from transactions
Payments into Consolidated Fund – – (2,266) (5,347) (8,354) (7,692) – – (396) – (57,527) – (21,107) (30,215) – – (89,650) (43,254)
Bad debts – – – (66) – – – – – – – – – – – – – (66)
Other operating expenses – – – – (20,207) (18,391) – – – – – – (12,509) – – – (32,716) (18,391)
Interest expense – – – – (40,671) (40,609) – – – – – – – – – – (40,671) (40,609)
Total administered expenses from transactions – – (2,266) (5,413) (69,232) (66,692) – – (396) – (57,527) – (33,616) (30,215) – – (163,037) (102,320)
Total administered net result from transactions (net operating balance)
(1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (35) – (33,263) (13,123) (2) 3 (30,365) (6,221)
Administered other economic flows included in administered net result
Net gain/(loss) on non-financial assets – – – – – – – – – – – – 20,721 13,325 – – 20,721 13,325
Net gain/(loss) on financial instruments – – – – – – – – – – 12 – – – – – 12 –
Total administered other economic flows – – – – – – – – – – 12 – 20,721 13,325 – – 20,733 13,325
Administered net result (1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (23) – (12,542) 202 (2) 3 (9,632) 7,104
Total administered comprehensive result (1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (23) – (12,542) 202 (2) 3 (9,632) 7,104
66 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
03 FINANCIAL REPORT
NOTE 3. ADMINISTERED (NON-CONTROLLED) ITEMS (CONTINUED)
TRADE AND EXPORT FACILITATION
INNOVATION AND TECHNOLOGY
TOURISM AND MARKETING
EMPLOYMENT REGIONAL DEVELOPMENT & REGIONAL CITIES
ENERGY & RESOURCES INVESTMENT ATTRACTION, FACILITATION AND MAJOR PROJECTS
SMALL BUSINESS ASSISTANCE
DEPARTMENTAL TOTAL
2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Administered financial assets
Receivables – – 1,891 3,083 5,473 5,212 – – 321 – 50,536 – – – – – 58,221 8,295
Loans – – 6,035 6,035 279,646 277,597 – – – – – – – – – – 285,681 283,632
Investments – – 333,907 210,654 894,776 888,977 – – – – 6,727 – – – – – 1,235,410 1,099,631
Trust funds (14) (13) (37) (33) (20) (18) (5) (5) (3) – 584 – (30) (26) (8) (7) 467 (102)
Total administered financial assets (14) (13) 341,796 219,739 1,179,875 1,171,768 (5) (5) 318 – 57,847 – (30) (26) (8) (7) 1,579,779 1,391,456
Administered non-financial assets – – – – – – – – – – – – – – – – – –
Total administered non-financial assets – – – – – – – – – – – – – – – – – –
Total administered assets (14) (13) 341,796 219,739 1,179,875 1,171,768 (5) (5) 318 – 57,847 – (30) (26) (8) (7) 1,579,779 1,391,456
Administered liabilities
Creditors and accruals – – – – (16,128) (14,969) – – – – (147) – – – – – (16,275) (14,969)
Unearned income – – – – (69,882) (71,976) – – – – (1,260) – – – – – (71,142) (71,976)
Interest bearing liabilities – – – – (460,266) (461,103) – – – – – – – – – – (460,266) (461,103)
Total administered liabilities – – – – (546,276) (548,048) – – – – (1,407) – – – – – (547,683) (548,048)
Total administered net assets (14) (13) 341,796 219,739 633,599 623,720 (5) (5) 318 – 56,440 – (30) (26) (8) (7) 1,032,096 843,408
NOTE 4. INCOME FROM TRANSACTIONS
2014 2013
$’000 $’000
(a) Interest
Interest from financial assets not at fair value through P/L:
– Interest on bank deposits 5,312 611
Total interest 5,312 611
(b) Grants
Grants from State Government 84,008 83,495
Total grants 84,008 83,495
(c) Other income
Trust income 29,898 4,856
Rental income 113 127
Land development (Kew Residential Services Project) 100,877 85,913
Miscellaneous income 8,556 7,758
Total other income 139,444 98,654
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TRADE AND EXPORT FACILITATION
INNOVATION AND TECHNOLOGY
TOURISM AND MARKETING
EMPLOYMENT REGIONAL DEVELOPMENT & REGIONAL CITIES
ENERGY & RESOURCES INVESTMENT ATTRACTION, FACILITATION AND MAJOR PROJECTS
SMALL BUSINESS ASSISTANCE
DEPARTMENTAL TOTAL
2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Administered financial assets
Receivables – – 1,891 3,083 5,473 5,212 – – 321 – 50,536 – – – – – 58,221 8,295
Loans – – 6,035 6,035 279,646 277,597 – – – – – – – – – – 285,681 283,632
Investments – – 333,907 210,654 894,776 888,977 – – – – 6,727 – – – – – 1,235,410 1,099,631
Trust funds (14) (13) (37) (33) (20) (18) (5) (5) (3) – 584 – (30) (26) (8) (7) 467 (102)
Total administered financial assets (14) (13) 341,796 219,739 1,179,875 1,171,768 (5) (5) 318 – 57,847 – (30) (26) (8) (7) 1,579,779 1,391,456
Administered non-financial assets – – – – – – – – – – – – – – – – – –
Total administered non-financial assets – – – – – – – – – – – – – – – – – –
Total administered assets (14) (13) 341,796 219,739 1,179,875 1,171,768 (5) (5) 318 – 57,847 – (30) (26) (8) (7) 1,579,779 1,391,456
Administered liabilities
Creditors and accruals – – – – (16,128) (14,969) – – – – (147) – – – – – (16,275) (14,969)
Unearned income – – – – (69,882) (71,976) – – – – (1,260) – – – – – (71,142) (71,976)
Interest bearing liabilities – – – – (460,266) (461,103) – – – – – – – – – – (460,266) (461,103)
Total administered liabilities – – – – (546,276) (548,048) – – – – (1,407) – – – – – (547,683) (548,048)
Total administered net assets (14) (13) 341,796 219,739 633,599 623,720 (5) (5) 318 – 56,440 – (30) (26) (8) (7) 1,032,096 843,408
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NOTE 5. EXPENSES FROM TRANSACTIONS
2014 2013
$’000 $’000
(a) Employee expenses
Salaries, wages, and long service leave (115,787) (78,271)
Total employee expenses (115,787) (78,271)
(b) Depreciation and amortisation
Depreciation of non-current assets (4,712) (3,651)
Amortisation of non-current physical assets (1,341) (409)
Amortisation from internal development of intangible assets (2,690) –
Total depreciation and amortisation (8,743) (4,060)
(c) Interest expense
Interest on finance leases (280) (47)
Total interest expense (280) (47)
(d) Grants and other transfers by portfolio
Aviation (2,127) (50)
Employment and Trade (16,396) (15,378)
Energy and Resources (25,369) –
Innovation (72,005) (77,716)
Major Projects (4,305) (3,731)
Manufacturing (10,843) (4,421)
Regional Development and Regional Cities (153,968) (524)
Small Business (1,949) (2,996)
State Development (45,070) (72,050)
Technology (21,767) (9,052)
Tourism and Major Events (130,848) (124,361)
Total grants and other transfers by portfolio (484,647) (310,279)
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2014 2013
$’000 $’000
(e) Other operating expenses
Supplies and services
Consultants and professional services (64,248) (31,752)
Contracts and services (29,370) (26,120)
Accommodation (7,698) (3,785)
Marketing and media (10,577) (9,893)
Computer services and equipment (19,387) (9,254)
Travel and related expenses (4,506) (3,880)
Postage and communications (3,556) (1,990)
Stationery and office requisites (2,238) (1,446)
Educational (1,959) (1,663)
Meetings (3,363) (3,275)
Books and publications (1,556) (815)
Motor vehicles (1,383) (380)
Audit remuneration (internal & external) (a) (658) (712)
Other expenses (1,013) (497)
Total supplies and services (151,512) (95,462)
Fair value of assets and services provided free of charge or for nominal consideration
– (387)
Total fair value of assets and services provided free of charge or for nominal consideration
– (387)
Operating lease rental expenses
– Minimum lease payments (16,606) (10,788)
Total operating lease rental expenses (16,606) (10,788)
Cost of goods sold/distributed (b) (114,765) (97,303)
Total other operating expenses (282,883) (203,940)
(a) See Note 33 for external auditor’s remuneration.
(b) Costs relate primarily to Kew Residential Services Project.
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2014 2013
$’000 $’000
(a) Net gain/(loss) on non-financial assets
Net gain / (loss) on disposal of property, plant and equipment 113 (654)
Disposal of intangible assets (i) (4,963) (3,233)
Total net gain/(loss) on non-financial assets (4,850) (3,887)
(b) Net gain/(loss) on financial instruments
Impairment of
─ – Listed securities (ii) (40) –
Total net gain/(loss) on financial instruments (40) –
(c) Other gains/(losses) from other economic flows
Net gain/(loss) arising from revaluation of long service leave liability (iii) (32) 93
Total other gains/(losses) from other economic flows (32) 93
Total (72) 93
(i) Parkville Gardens are expensed in line with the sale of properties.
(ii) Fair value adjustment to listed securities.
(iii) Revaluation gain/(loss) due to changes in bond rates.
NOTE 7. RECEIVABLES
2014 2013
$’000 $’000
Current receivables
Contractual
Other receivables Government (i) 10,369 8,945
Other receivables Non-Government 12,004 8,044
Provision for doubtful contractual receivables (i) – (27)
22,373 16,962
Statutory
Amounts owing from Victorian Government (ii) 122,989 89,756
GST input tax credit recoverable 4,969 5,242
127,958 94,998
Total current receivables 150,331 111,960
Non-current receivables
Contractual
Other receivables Government (i) 1,996 293
1,996 293
Statutory
Amounts owing from Victorian Government (ii) 2,844 1,373
Total non-current receivables 4,840 1,666
Total Receivables 155,171 113,626
(i) The average credit period for the provision of goods and services is 30 days. The majority of receivables relate to non-trading activities and the credit terms will differ. No interest is charged on other receivables.
(ii) The amounts recognised from Victorian Government represent funding for all commitments incurred through the appropriations and are drawn from the Consolidated Fund as the commitments fall due.
NOTE 6. OTHER ECONOMIC FLOWS INCLUDED IN NET RESULT
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NOTE 8. INVENTORIES
Notes 2014 2013
$’000 $’000
Current inventories
Work in progress:
– At net realisable value (i) 1(Q) 10,168 23,646
Total Inventories 10,168 23,646
(i) MPV is responsible for managing the Kew Residential Services Project. The land for the project is held as inventory until it is sold.
Controlled assets and liabilities acquired/relinquished at the date of financial transfer – 1/07/2013
Regional Development and Regional
Cities
Energy and
Resources
Innovation and
Technology
Industrial Relations
Total
2014 2014 2014 2014
$'000 $'000 $'000 $'000 $'000
Assets
Cash/SAU 40,886 7,624 722 (166) 49,066
Other financial assets 1,328 24,739 – – 26,067
Cash - TCV investments 200,334 – – – 200,334
Intangibles – 16,693 – – 16,693
Property plant and equipment and leases 7,508 5,958 – – 13,466
Total assets transferred in/(out) 250,056 55,014 722 (166) 305,626
Liabilities
Employee benefits (4,956) (5,590) (722) 166 (11,102)
Other liabilities (14,986) (13,179) – – (28,165)
Total liabilities transferred (in)/out (19,942) (18,769) (722) 166 (39,267)
Net assets transferred in/(out) 230,114 36,245 – – 266,359
NOTE 9. RESTRUCTURING OF ADMINISTRATIVE ARRANGEMENTS
In respect of Machinery of Government and administrative changes announced on 9 April 2013, the financial statements of the department reflect the actual period of responsibility for the outputs, being the period of 1 July 2013 to 30 June 2014. Regional Development Victoria, including Community Group outputs have been transferred from the former Department of Planning and Community Development. The Energy and Resources output has been transferred from the former Department of Primary Industries. The Industrial Relations Private Sector unit has been transferred to DTF. The Red Tape Commissioner
output and the Whole of Government Information and Communications Technology output have been transferred from DTF. Comparative amounts for the prior year have not been adjusted.
Net assets relinquished and/or acquired by the department as a result of the re-assignment of these outputs are recognised in the balance sheet immediately at the carrying amount of those assets in the balance sheet prior to the transfer.
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Administered assets and liabilities acquired/relinquished at the date of financial transfer – 1/07/2013
Regional Development and Regional
Cities
Energy and
Resources
Innovation and
Technology
Industrial Relations
Total
2014 2014 2014 2014
$'000 $'000 $'000 $'000 $'000
Assets
Cash/SAU – 3,214 – – 3,214
Other financial assets – 51,506 – – 51,506
Total assets transferred in/(out) – 54,720 – – 54,720
Liabilities
Other liabilities – (1,574) – – (1,574)
Total liabilities transferred (in)/out – (1,574) – – (1,574)
Net assets transferred in/(out) – 53,146 – – 53,146
NOTE 9. RESTRUCTURING OF ADMINISTRATIVE ARRANGEMENTS (CONTINUED)
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Classification by ‘Purpose Groups’ (i) – carrying amounts
Public Administration
2014 2013
$’000 $’000
Land
Crown land – fair value 107,650 93,887
Buildings
Buildings at fair value 6,459 10,323
Less: Accumulated depreciation (470) (279)
5,989 10,044
Building leasehold
Building leasehold – at fair value (ii) 6,094 6,094
Less: Accumulated amortisation (122) (60)
5,972 6,034
Leasehold improvements – at fair value 31,719 26,530
Less: Accumulated amortisation (15,773) (12,194)
15,946 14,336
Total land, buildings, building leasehold and leasehold improvements 135,557 124,301
Plant and equipment
Plant and equipment at fair value 4,854 2,529
Less: Accumulated depreciation (3,830) (2,216)
1,024 313
Plant and equipment under finance lease – at fair value 4,985 1,464
Less: Accumulated depreciation (1,812) (487)
3,173 977
Total plant and equipment 4,197 1,290
Property, plant and equipment in the course of construction – at fair value 355,235 335,397
Total property, plant and equipment, and in course of construction 494,989 460,988
Infrastructure
Infrastructure at fair value 66,305 66,305
Less: Accumulated depreciation (2,268) (1,134)
Total infrastructure 64,037 65,171
Net carrying amount of PPE 559,026 526,159
(i) Property, plant and equipment are classified primarily by the ‘purpose’ for which the assets are used, according to one of six purpose groups based upon Government purpose classifications. All assets within a purpose group are further sub-categorised according to the asset’s ‘nature’ (i.e. buildings, plant and equipment, etc.), with each sub-category being classified as a separate class of asset for financial reporting purposes.
(ii) Building Leasehold is for a term of 150 years from the year 1990.
NOTE 10. PROPERTY, PLANT AND EQUIPMENT
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Crown Land at Fair Value Buildings at fair value Buildings Leasehold Leasehold Improvements Plant and Equipment Leased Plant and Equipment In Course of Construction Infrastructure Total
2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Opening balance 93,887 93,887 10,045 10,323 6,033 6,094 14,336 15,910 313 515 976 913 335,398 228,880 65,171 66,305 526,159 422,827
Additions 16,150 – – – – – 1,580 485 539 464 1,609 677 19,838 116,859 – – 39,716 118,485
Disposals – – – – – – (73) (99) (129) – (751) (243) – – – – (953) (342)
Transfers via contributed capital (7,425) – (5,809) – – – – – – – (48) – – (9,616) – – (13,282) (9,616)
Impairment of assets – – – – – – – – – – – – – (725) – – – (725)
Transfers to classified as held for sale – – – – – – – – – – (25) (23) – – – – (25) (23)
Machinery of Government transfer in 5,038 – 2,044 – – – 2,843 – 847 – 2,692 – – – – – 13,464 –
Depreciation/amortisation expense – – (291) (278) (61) (61) (2,740) (1,960) (546) (279) (1,280) (348) – – (1,135) (1,134) (6,053) (4,060)
Received / given free of charge – – – – – – – – – (387) – – – – – – – (387)
Closing balance 107,650 93,887 5,989 10,045 5,972 6,033 15,946 14,336 1,024 313 3,173 976 355,236 335,398 64,036 65,171 559,026 526,159
NOTE 10. PROPERTY, PLANT AND EQUIPMENT (CONTINUED)
Classification by ‘public administration’ purpose group – movements in carrying amounts
The following useful lives of assets are used in the calculation of depreciation and amortisation:
2014 2013
Years Years
Buildings 33 to 50 33 to 50
Buildings leasehold 150 150
Infrastructure 90 90
Leasehold improvements 8 to 15 8 to 15
Plant and equipment 3 to 10 3 to 10
Leased plant and equipment 1 to 3 1 to 3
Intangible produced assets – software development 1 to 5 1 to 5
Aggregate depreciation and amortisation allocated and recognised as an expense:
2014 2013
$’000 $’000
Buildings 291 279
Buildings leasehold 62 60
Infrastructure 1,135 1,134
Leasehold improvements 2,739 1,960
Plant and equipment 546 279
Leased plant and equipment 1,280 348
Total 6,053 4,060
Note: Amortisation of $2.690 million relating to intangible produced assets is disclosed in Note 5.
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Crown Land at Fair Value Buildings at fair value Buildings Leasehold Leasehold Improvements Plant and Equipment Leased Plant and Equipment In Course of Construction Infrastructure Total
2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013
$'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000
Opening balance 93,887 93,887 10,045 10,323 6,033 6,094 14,336 15,910 313 515 976 913 335,398 228,880 65,171 66,305 526,159 422,827
Additions 16,150 – – – – – 1,580 485 539 464 1,609 677 19,838 116,859 – – 39,716 118,485
Disposals – – – – – – (73) (99) (129) – (751) (243) – – – – (953) (342)
Transfers via contributed capital (7,425) – (5,809) – – – – – – – (48) – – (9,616) – – (13,282) (9,616)
Impairment of assets – – – – – – – – – – – – – (725) – – – (725)
Transfers to classified as held for sale – – – – – – – – – – (25) (23) – – – – (25) (23)
Machinery of Government transfer in 5,038 – 2,044 – – – 2,843 – 847 – 2,692 – – – – – 13,464 –
Depreciation/amortisation expense – – (291) (278) (61) (61) (2,740) (1,960) (546) (279) (1,280) (348) – – (1,135) (1,134) (6,053) (4,060)
Received / given free of charge – – – – – – – – – (387) – – – – – – – (387)
Closing balance 107,650 93,887 5,989 10,045 5,972 6,033 15,946 14,336 1,024 313 3,173 976 355,236 335,398 64,036 65,171 559,026 526,159
Restricted assets
The department holds $1.053 million of properties listed as heritage assets. These heritage assets cannot be modified nor disposed of without formal Ministerial approval.
Freehold land
An independent valuation of the department’s land and buildings was performed by the Valuer General Victoria to determine the fair value of the land and buildings. The valuation, which conforms to Australian Valuation Standards, was determined by reference to the amounts for which assets could be exchanged between knowledgeable willing parties in an arm’s length transaction. Fair value is determined by direct reference to recent market transactions on arm’s length terms for land and buildings of comparable size and location to the department. The valuation was based on independent assessments. The effective date of the valuation was 30 June 2012 (refer Note 1(Q)).
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Fair value measurement hierarchy for assets as at 30 June 2014
$’000 $’000 $’000 $’000
Carrying amount as at 30 June 2014
Fair value measurement at end of reporting period using:
Level 1(i) Level 2 (i) Level 3 (i)
Land at fair value
Non-specialised land 99,850 – 99,850 –
Specialised land 7,800 – – 7,800
Total of land at fair value 107,650 – 99,850 7,800
Buildings at fair value
Specialised/heritage buildings 5,989 – – 5,989
Total of buildings at fair value 5,989 – – 5,989
Plant, equipment and vehicles at fair value
Vehicles (ii) 3,173 – – 3,173
Plant and equipment 1,024 – – 1,024
Total plant, equipment & vehicles at fair value 4,197 – – 4,197
Infrastructure at fair value
Infrastructure 64,037 – – 64,037
Total of infrastructure at fair value 64,037 – – 64,037
Leasehold improvements at fair value
Leasehold improvements 15,946 – – 15,946
Total leasehold improvements at fair value 15,946 – – 15,946
Building leasehold at fair value
Building leasehold 5,972 – 5,972 –
Total building leasehold at fair value 5,972 – 5,972 –
In course of construction at fair value
In course of construction 355,235 – – 355,235
Total in course of construction at fair value 355,235 – – 355,235
Total property, plant and equipment at fair value 559,026 – 105,822 453,204
(i) Classified in accordance with the fair value hierarchy.
(ii) Vehicles are categorised to level 3 assets as depreciated replacement cost is used in estimating fair value.
There have been no transfers between levels during the period.
NOTE 10. PROPERTY, PLANT AND EQUIPMENT (CONTINUED)
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Non-specialised land and non-specialised buildings
Non-specialised land and non-specialised buildings are valued using the market approach. Under this valuation method, the assets are compared to recent comparable sales or sales of comparable assets which are considered to have nominal or no added improvement value.
For non-specialised land and non-specialised buildings, an independent valuation was performed by the VGV to determine the fair value using the market approach. Valuation of the assets was determined by analysing comparable sales and allowing for share, size, topography, location, and other relevant factors specific to the asset being valued. From the sales analysed, an appropriate rate per square metre has been applied to the subject asset. The effective date of the valuation was 30 June 2012.
To the extent that non-specialised land and non-specialised buildings do not contain significant, unobservable adjustments, these assets are classified as level 2 under the market approach.
Specialised land and specialised buildings
The market approach is also used for specialised land, although it is adjusted for the community service obligation (CSO) to reflect the specialised nature of the land being valued.
The CSO adjustment is a reflection of the valuer’s assessment of the impact of restrictions associated with an asset to the extent that is also equally applicable to market participants. This approach is in light of the highest and best use consideration required for fair value measurement, and takes into account the use of the asset that is physically possible, legally permissible, and financially feasible. As adjustments of CSO are considered as significant unobservable inputs, specialised land would be classified as level 3 assets.
For the department’s majority of specialised buildings, the depreciated replacement cost method is used, adjusting for the associated depreciation. As depreciation adjustments are considered as significant, unobservable inputs in nature, specialised buildings are classified as level 3 fair value measurements.
An independent valuation of the department’s specialised land and specialised buildings was performed by the VGV. The valuation was performed using the market approach adjusted for CSO. The effective date of the valuation was 30 June 2012.
Heritage and infrastructure assets
Heritage and infrastructure assets are valued using the depreciated replacement cost method. This cost represents the replacement cost of the asset after applying depreciation rates on a useful life basis. Replacement costs relate to costs to replace the current service capacity of the asset. Economic obsolescence has also been factored into the depreciated replacement cost calculation.
Where it has not been possible to examine hidden works such as structural frames and floors, the use of reasonable materials and methods of construction have been assumed bearing in mind the age and nature of the building. The estimated cost of reconstruction including structure services and finishes, also factors in any heritage classifications as applicable.
An independent valuation of the department’s heritage assets and infrastructure was performed by the VGV. The valuation was performed based on the depreciated replacement cost of the assets. The effective date of the valuation was 30 June 2012.
Vehicles
Vehicles are valued using the depreciated replacement cost method. The department acquires new vehicles and at times disposes of them before the end of their economic life. The process of acquisition, use and disposal in the market is managed by experienced fleet managers who set relevant depreciation rates during use to reflect the utilisation of the vehicles.
Plant and equipment
Plant and equipment is held at fair value. When plant and equipment is specialised in use, such that it is rarely sold other than as part of a going concern, fair value is determined using the depreciated replacement cost method.
There were no changes in valuation techniques throughout the period to 30 June 2014.
For all assets measured at fair value, the current use is considered the highest and best use.
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NOTE 10. PROPERTY, PLANT AND EQUIPMENT (CONTINUED)
Reconciliation of level 3 fair value
2014 Specialised land
Specialised buildings
Plant and equipment
and vehicles
Infrastructure Leasehold improvements
In course of construction
Total
$'000 $'000 $'000 $'000 $'000 $'000 $'000
Opening balance 5,400 4,057 1,289 65,171 14,336 335,397 425,650
Purchases – – 2,146 – 1,580 19,838 23,564
Disposals – – (879) – (73) – (952)
Transfers in (out) of level 3 – – – – – – –
Administrative restructure/transfers via contributed capital 2,400 1,997 3,467 – 2,843 – 10,707
Gains or losses recognised in net result – – – – – – –
Depreciation – (65) (1,826) (1,135) (2,739) – (5,765)
Impairment – – – – – – –
Subtotal 2,400 1,932 2,908 (1,135) 1,611 19,838 27,554
Gains or losses recognised in other economic flows – other comprehensive income
– – – – – – –
Revaluation – – – – – – –
Subtotal – – – – – – –
Closing balance 7,800 5,989 4,197 64,036 15,947 355,235 453,204
Unrealised gains/(losses) on non-financial assets – – – – – – –
Description of significant unobservable inputs to level 3 valuations
Valuation technique (i) Significant unobservable inputs (i)
Range (weighted average) (i)
Sensitivity of fair value measurement to changes in significant unobservable inputs
Specialised land Market approach Community Service Obligation (CSO) adjustment
10% CSO adjustment A significant increase or decrease in the CSO adjustment would result in a significantly lower or higher fair value
Specialised land Income cash flow Present value discount rate of 4.5% +/- 1% interest rate A significant increase or decrease in the discount rate would result in a significantly lower or higher fair value
Specialised /heritage buildings
Depreciated replacement cost Direct cost per square metre $1,300 to $2,800 per square metre (average $2,000 per square metre)
A significant increase or decrease in direct cost per square metre adjustment would result in a significantly higher or lower fair value
Useful life of specialised buildings 33 to 50 years A significant increase or decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation
Infrastructure Depreciated replacement cost Cost per unit $800 to $9,000 per square metre (weighted average $1,500 per square metre)
A significant increase or decrease in cost per unit would result in a significantly higher or lower fair value
Useful life of infrastructure 90 years A significant increase or decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation
(i) Illustrations on the valuation techniques, significant unobservable inputs and related quantitative range of those inputs are indicative and should be directly used without consultation with the department’s independent Valuer.
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NOTE 11. NON-FINANCIAL PHYSICAL ASSETS CLASSIFIED AS HELD FOR SALE INCLUDING DISPOSAL GROUP ASSETS AND DIRECTLY ASSOCIATED LIABILITIES
2014 2013
$’000 $’000
Non-financial physical assets including disposal group assets classified as held for sale
Current assets
Leased Plant and equipment held for sale (i) 25 23
Total 25 23
Liabilities directly associated with assets classified as held for sale including disposal groups
Current liabilities
Finance lease liabilities 25 23
Total 25 23
(i) The department holds a leased motor vehicle which it intends to sell in the next 12 months.
The fair value hierarchy of the department’s non-financial physical assets held for sale is Level 2(ii).
(ii) Classified in accordance with the fair value hierarchy, refer Note 10.
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NOTE 12. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD
The department has a joint venture interest with Monash University in the Australian Regenerative Medical Institute (ARMI). ARMI was established to construct and operate a facility which will promote Victoria as a global leader in regenerative medical research, foster and develop existing research collaboration on domestic and overseas projects, and provide a major site for undergraduate and post graduate training programs.
2014 2013
$’000 $’000
Non-current investments in jointly controlled entities 35,000 35,000
Total 35,000 35,000
Name of entity Principal Activity Ownership Interest % (i)
Jointly controlled entities 2014 2013
Australian Regenerative Medicine Institute (ARMI).
To construct and operate a regenerative medical research facility.
20
20
(i) The interest of the department in the joint venture is 20% in accordance with the agreement. The fair value of the ownership interest held by the department is equal to the value of cash invested in the Joint Venture which amounts to $35 million at 30 June 2014 ($35 million at 30 June 2013).
Summarised financial information of jointly controlled entities
At balance date, the department’s share of net assets and the net result after tax of its jointly controlled entities are:
2014 2013
$’000 $’000
Current assets 318 306
Non-current assets 129,111 135,312
Total assets 129,429 135,618
Current liabilities – –
Non-current liabilities – –
Total liabilities – –
Net assets 129,429 135,618
Share of jointly controlled entity’s net assets 35,000 35,000
Share of jointly controlled entity’s result after tax – –
Dividends received from jointly controlled entity – –
Contingent liabilities and capital commitments
The department’s share of the contingent liabilities, capital commitments, and other expenditure commitments of its jointly controlled entities are disclosed in Notes 22 and 21 respectively.
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NOTE 13. INTANGIBLE ASSETS
2014 2013
$’000 $’000
Gross carrying amount
Opening balance 26,490 26,920
Additions 701 2,802
Machinery of Government transfers 16,694 –
Disposals or classified as held for sale (4,963) (3,232)
Closing balance 38,922 26,490
Accumulated amortisation
Opening balance – –
Amortisation of intangible produced assets (2,690) –
Disposals or classified as held for sale – –
Closing balance (2,690) –
Net book value at end of financial year 36,232 26,490
Significant intangible assets
The intangible assets relate to deferred expenditure of $20.597 million at 30 June 2014 (2013: $24.947 million) for the development of Parkville Gardens by MPV and the development of internal software – the Resource Rights Allocation Management (RRAM) system. The value for the development of Parkville Gardens is progressively expensed in line with the sale of properties. Parkville Gardens Development was tested for impairment at 30 June 2014 (2013: nil) and no write-down was charged to the net result.
NOTE 14. OTHER NON-FINANCIAL ASSETS
2014 2013
$’000 $’000
Current other assets
Prepayments 1,832 965
Other 26 1
Total current other assets 1,858 966
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NOTE 15. PAYABLES
2014 2013
$’000 $’000
Current payables
Contractual
Amounts payable to other Government agencies (i) 10,540 5,932
Other payables (ii) 79,467 47,593
90,007 53,525
Statutory
Other payables 9,151 9,147
9,151 9,147
Total current payables 99,158 62,672
Non-current payables
Contractual
Other payables 1,200 –
Total Non-current payables 1,200 –
Total payables 100,358 62,672
(i) Terms and conditions of amounts payable to other Government agencies vary according to a particular agreement with that agency.
(ii) The average credit period is 30 days. No interest is charged on late payments.
(a) Maturity analysis of contractual payables Refer to table 23.5 in Note 23 for the ageing analysis of contractual payables. .
(b) Nature and extent of risk arising from contractual payables Refer to Note 23 for the nature and extent of risks arising from contractual payables.
NOTE 16. BORROWINGS
2014 2013
$’000 $’000
Current borrowings
Finance lease liabilities (i) (Note 20) 1,750 469
Total current borrowings 1,750 469
Non-current borrowings
Finance lease liabilities (i) (Note 20) 1,451 515
Total non-current borrowings 1,451 515
Total borrowings 3,201 984
(i) Secured by the assets leased.
(a) Maturity analysis of interest borrowings Refer to table 23.5 in Note 23 for the ageing analysis of borrowings.
(b) Nature and extent of risk arising from borrowings Refer to table 23.6 in Note 23 for the nature and extent of risks arising from borrowings.
(c) Defaults and breaches During the current and prior year, there were no defaults and breaches of loans.
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NOTE 17. PROVISIONS
2014 2013
$’000 $’000
Current provisions
Employee benefits (iii)
Unconditional and expected to be settled within 12 months (i) 11,177 7,190
Unconditional and expected to be settled after 12 months (ii) 15,933 9,479
Provisions related to employee benefit on-costs
Unconditional and expected to be settled within 12 months (i) 1,875 1,032
Unconditional and expected to be settled after 12 months (ii) 2,845 1,577
Total current provisions 31,830 19,278
Non-current provisions
Employee benefits (iii) 2,850 1,370
Provisions related to employee benefit on-costs 508 228
Total non-current provisions 3,358 1,598
Total provisions 35,188 20,876
Employee benefits and related on-costs
Current employee benefits
Annual leave entitlements 9,509 5,633
Unconditional long service leave entitlements 16,921 10,050
Other entitlements 680 986
Non-current employee benefits
Conditional long service leave entitlements 2,849 1,370
Total employee benefits 29,959 18,039
Current on-costs 4,721 2,609
Non-current on-costs 508 228
Total on-costs 5,229 2,837
Total employee benefits and related on-costs 35,188 20,876
(i) Nominal amounts are disclosed.
(ii) The amounts disclosed are discounted to present value.
(iii) Provisions for employee benefits consist of amounts for annual leave and long service leave accrued by employees, not including on-costs.
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Employees of the department are entitled to receive superannuation benefits and the department contributes to both defined benefit and defined contribution plans. The defined benefit plan provides benefits based on years of service and final average salary.
The department does not recognise any defined benefit liability in respect of the plan because the department has no legal or constructive obligation to pay future benefits relating to its employees; its only obligation is to pay superannuation contributions as they fall due. DTF discloses the state’s defined benefit liabilities in its disclosure for administered items.
However, superannuation contributions paid or payable for the reporting period are included as part of the employee benefits in the comprehensive operating statement of the department.
The name, details and amounts expensed in relation to the major employee superannuation funds and contributions made by the department are as follows:
FundPaid contribution for the year
Contribution outstanding at year end
2014 2013 2014 2013
$’000 $’000 $’000 $’000
Defined benefit plans:
State Superannuation Fund – revised and new 1,350 1,112 – –
Defined contributions plans:
VicSuper 5,326 3,135 – –
Other 2,097 979 – –
Total 8,773 5,226 – –
(a) The bases for contributions are determined by the various schemes.
(b) The above amounts were measured as at 30 June of each year, or in the case of employer contributions they relate to the years ended 30 June.
NOTE 19. OTHER LIABILITIES
2014 2013
$’000 $’000
Current other liabilities
Other liabilities 84 194
Total other liabilities 84 194
NOTE 18. SUPERANNUATION
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Finance leases
Leasing arrangements
Finance leases entered into by the department relate to motor vehicles with lease terms between 1 and 3 years. The department has options to purchase the vehicles at the conclusion of the lease agreements.
Finance lease liabilitiesMinimum future lease payments
Present value of minimum future lease payments
2014 2013 2014 2013
$’000 $’000 $’000 $’000
Finance lease liabilities payable
Not longer than 1 year 1,885 516 1,750 469
Longer than 1 year but not longer than 5 years 1,505 547 1,451 515
Minimum future lease payments (i) 3,390 1,063 3,201 984
Less future finance charges (189) (79) – –
Present value of minimum lease payments 3,201 984 3,201 984
Included in the financial statements as:
Current borrowings (Note 16) 1,750 469
Non-current borrowings (Note 16) 1,451 515
Total 3,201 984
(i) Minimum future lease payments includes the aggregate of all lease payments and any guaranteed residual.
Lessee – Operating leases
Leasing arrangements
Operating leases mainly relate to accommodation with lease terms of between two and 15 years. All operating lease contracts contain market review clauses in the event that the department exercises its option to renew. The department does not have an option to purchase the leased asset at the expiry of the lease period.
2014 2013
$’000 $’000
Non-cancellable operating leases
Not longer than 1 year 18,450 11,026
Longer than 1 year but not longer than 5 years 69,345 41,597
Longer than 5 years 42,363 33,273
Total 130,158 85,896
NOTE 20. LEASES
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NOTE 20. LEASES (CONTINUED)
Lessor – Operating leases (i)
2014 2013
$’000 $’000
Non-cancellable operating lease receivables
Not longer than 1 year – 128
Longer than 1 year but not longer than 5 years – 546
Longer than 5 years – 764
Total – 1,438
(i) Assets previously leased are no longer owned by the department.
NOTE 21. COMMITMENTS FOR EXPENDITURE
The following commitments have not been recognised as liabilities in the financial statements.
Controlled commitments are payable as follows:
2014 2013
$’000 $’000
(a) Lease commitments
Finance lease liabilities and non-cancellable operating lease commitments are disclosed in Note 20 to the financial statements.
(b) Other expenditure commitments
Outsourcing commitments
Commitments under outsourcing contracts for information technology and internal audit services at the reporting date but not recognised as liabilities and payable are:
Not longer than 1 year 500 318
Longer than 1 year but not longer than 5 years – 636
Total 500 954
Grant commitments
Commitments for the payment of grants under long-term contracts in existence at the reporting date but not recognised as liabilities and payable are:
Not longer than 1 year 255,667 89,534
Longer than 1 year but not longer than 5 years 190,074 86,529
Longer than 5 years 1,110 1,832
Total 446,851 177,895
Major Projects Victoria
Commitments for payments under contract in relation to projects in existence at the reporting date but not recognised as liabilities and payable are:
Not longer than 1 year 46,491 193,154
Longer than 1 year but not longer than 5 years 753 20,910
Longer than 5 years 192 –
Total 47,436 214,064
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Melbourne Convention Centre Development Project (Administered entity)In May 2006, the State of Victoria entered into an agreement under its Partnerships Victoria policy for the development and maintenance of the Melbourne Convention Centre (MCC) facility by a private sector consortium (the lessor).
The lessor was responsible for construction of the new facility which commenced in June 2006 and commercial acceptance was achieved on 31 March 2009. Upon its completion, the department on behalf of the State of Victoria was granted a 25 year finance lease by the lessor, and entered into an agreement under which the new facility will be operated by the Melbourne Convention and Exhibition Trust (MCET).
It is estimated as at 30 June 2014 that future lease payments relating to the facility amount to $460.3 million (2013: $461.1 million) in net present value terms, or $1,072.8 million (2013: $1,114.0 million) in nominal dollars, to be paid to the lessor over a 25 year period which commenced 1 January 2009. At the same time, the department on behalf of the State of Victoria has entered into a loan agreement with MCET under which MCET undertakes to repay the State of Victoria fifty per cent ($227.5 million) of the value of the asset ($455 million) over a 25 year period.
As part of the 25 year lease arrangement the lessor will provide services, maintenance, and refurbishments in return for a fixed (inflation adjusted) quarterly service payment from the State of Victoria. It is estimated that as at 30 June 2014, these future service payments amount to $218.3 million (2013: $219.0 million) in net present value terms, or $459.1 million (2013: $477.1 million) in nominal dollars, over the 25 year lease term.
Ownership of the MCC facility will transfer to the State of Victoria at the end of the 25 year lease period at no cost.
Finance lease commitments in relation to the MCC development project for construction of the new facility:
Nominal value Net present value (i)
2014 2013 2014 2013
$’000 $000 $’000 $000
Not longer than 1 year 42,307 41,245 39,987 38,999
Longer than 1 year but not longer than 5 years 180,414 175,880 136,377 133,207
Longer than 5 years 850,036 896,877 283,902 288,897
Total value of expected future commitments 1,072,757 1,114,002 460,266 461,103
(i) The net present value is calculated using a discount rate of 9.4% per annum.
Operating lease commitments in relation to the MCC development project for services, maintenance, and refurbishments:
Nominal value Net present value (i)
2014 2013 2014 2013
$’000 $000 $’000 $000
Not longer than 1 year 18,480 18,045 17,597 17,183
Longer than 1 year but not longer than 5 years 78,463 76,625 61,525 60,086
Longer than 5 years 362,123 382,441 139,149 141,759
Total value of expected future commitments 459,066 477,111 218,271 219,028
(i) The net present value is calculated using a discount rate of 8.14% per annum.
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NOTE 22. CONTINGENT ASSETS AND CONTINGENT LIABILITIES
2014 2013
$’000 $’000
Contingent liabilities
Financial guarantee – letter of credit ICAAN, arrangement with Westpac 307 307
Mining rehabilitation (i) 67 –
Total 374 307
(i) The contingent liability transferred to the department through Machinery of Government changes.
Non-quantifiable contingent liabilities (Controlled entity)
As part of the wind-up of the National Electricity Code Administrator (NECA), the State of Victoria has undertaken to indemnify the actions of the NECA Directors for a period of seven years, from completion of their tenure in 2008, until 2015.
There are a number of litigation matters underway at balance date, the details of which are not disclosed so as not to prejudice the cases.
Contingent liabilities are not secured over any of the assets of the department.
NOTE 23. FINANCIAL INSTRUMENTS
(a) Financial risk management objectives and policiesThe department’s activities expose it primarily to the financial risk of changes in interest rates. The department does not enter into derivative financial instruments to manage its exposure to interest rate and foreign currency risk.
The department does not enter into or trade financial instruments, including derivative financial instruments, for speculative purposes.
The department’s principal financial instruments comprise:
> cash assets
> term deposits
> investments-equities
> receivables (excluding statutory receivables)
> payables (excluding statutory payables)
> borrowings, and
> finance lease liabilities payable.
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Details of the significant accounting policies and methods adopted, including the criteria for recognition, the basis of measurement, and the basis on which income and expenses are recognised, with respect to each class of financial asset, financial liability and equity instrument above are disclosed in Note 1 to the financial statements.
The main purpose in holding financial instruments is to prudentially manage the department’s financial risks within the Government policy parameters.
Investments in associates or joint ventures are disclosed separately in Note 12.
The department uses different methods to measure and manage the different risks to which it is exposed.
The carrying amounts of the department’s contractual financial assets and financial liabilities by category are disclosed in the table below:
Table 23.1: Categorisation of financial instruments
Contractual Financial assets –
loans and receivables
Contractual Financial
liabilities at amortised
cost Total
2014 $’000 $’000 $’000
Contractual Financial assets
Cash and deposits 396,760 – 396,760
Receivables (i) 24,369 – 24,369
Investments-equities 90 – 90
Total contractual financial assets 421,219 – 421,219
Contractual Financial liabilities
Payables (i)
– Supplies and services – 91,207 91,207
Borrowings – 3,201 3,201
Total contractual financial liabilities – 94,408 94,408
2013
Contractual Financial assets
Cash and deposits 89,229 – 89,229
Receivables (i) 17,255 – 17,255
Total contractual financial assets 106,484 – 106,484
Contractual financial liabilities
Payables (i)
– Supplies and services – 53,525 53,525
Borrowings – 984 984
Total contractual financial liabilities – 54,509 54,509
(i) Receivables and payables disclosed above exclude Statutory Receivables (i.e. GST recoverable) and Statutory Payables (i.e. Taxes payable).
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NOTE 23. FINANCIAL INSTRUMENTS (CONTINUED)
Table 23.2: Net holding gain/(loss) on financial instruments by category
Net holding gains/ (loss)
Total interest income/
(expense) Total
2014 $’000 $’000 $’000
Contractual financial assets
Cash and deposits – 5,312 5,312
Total contractual financial assets – 5,312 5,312
Contractual financial liabilities
Financial liabilities at amortised cost – (280) (280)
Total contractual financial liabilities – (280) (280)
2013
Contractual financial assets
Cash and deposits – 611 611
Total contractual financial assets – 611 611
Contractual financial liabilities
Financial liabilities at amortised cost – (47) (47)
Total contractual financial liabilities – (47) (47)
The net holding gains or losses disclosed above are determined as follows:
> For cash and cash equivalents, loans or receivables, and available-for-sale financial assets, the net gain or loss is calculated by taking the movement in the fair value of the asset, the interest income, plus or minus foreign exchange gains or losses arising from revaluation of the financial assets, and minus any impairment recognised in the net result.
> For financial liabilities measured at amortised cost, the net gain or loss is calculated by taking the interest expense, and plus or minus foreign exchange gains or losses arising from the revaluation of financial liabilities measured at amortised cost.
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Table 23.3: Credit quality of contractual financial assets that are neither past due nor impaired.
Government agencies
(AAA credit rating)
Other (minimum
BBB credit rating)
Internally rated bank
deposits Other Total
2014 $’000 $’000 $’000 $’000 $’000
Cash and deposits 348,329 46,600 1,831 – 396,760
Receivables (i) 12,365 –- – 12,004 24,369
Investments-equities – – – 90 90
Total contractual financial assets 360,694 46,600 1,831 12,094 421,219
2013
Cash and deposits 43,563 44,339 1,327 – 89,229
Receivables (i) 9,239 – – 8016 17,255
Total contractual financial assets 52,802 44,339 1,327 8,016 106,484
(i) The carrying amounts disclosed exclude statutory receivables (e.g. amounts owing from the State of Victoria and GST recoverable).
(b) Credit riskCredit risk arises from the contractual financial assets of the department, which comprise cash and deposits, non-statutory receivables and available-for-sale contractual financial assets. The department’s exposure to credit risk arises from the potential default of the counter party on their contractual obligations resulting in financial loss to the department. Credit risk is measured at fair value and is monitored on a regular basis.
Credit risk associated with the department’s financial assets is minimal because its main debtor is the Victorian Government. For debtors other than Government, it is the department’s policy to only deal with entities with high credit ratings of a minimum triple-B rating and to obtain sufficient collateral or credit enhancements where appropriate.
The department does not engage in hedging for its financial assets and mainly holds financial assets that are on fixed interest except for cash assets which are mainly cash at bank. As with the policy for debtors, the department’s policy is to only deal with domestic banks with high credit ratings.
Provision for impairment for contractual financial assets is recognised when there is objective evidence that the department will not be able to collect a receivable. Objective evidence includes financial difficulties of the debtor, default payments, debts which are more than 60 days overdue, and changes in debtor credit ratings.
Except as otherwise detailed in the following table, the carrying amount of financial assets recorded in the financial statements, net of any allowances for losses, represents the department’s maximum exposure to credit risk without taking account of the value of any collateral obtained.
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NOTE 23. FINANCIAL INSTRUMENTS (CONTINUED)
Contractual financial assets that are either past due or impaired
There are no material financial assets which are individually determined to be impaired. Currently the department does not hold any collateral as security nor credit enhancements relating to any of its financial assets.
There are no financial assets that have had their terms renegotiated so as to prevent them from being past due or impaired, and they are stated at the carrying amounts as indicated. The aging analysis table 23.4 discloses the aging only of contractual financial assets that are past due but not impaired.
Table 23.4 discloses the ageing of financial assets that are past due but not impaired.
(c) Liquidity riskLiquidity risk is the risk that the department would be unable to meet its financial obligations as and when they fall due. The department operates under the Government fair payments policy of settling financial obligations within 30 days and in the event of a dispute, making payments within 30 days from the date of resolution.
The department’s maximum exposure to liquidity risk is the carrying amounts of financial liabilities as disclosed in the balance sheet. The department manages its liquidity risk by:
> maintaining an adequate level of uncommitted funds that can be drawn at short notice to meet its short term obligations;
> holding investments and other contractual financial assets that are readily tradeable in the financial markets;
> careful maturity planning of its financial obligations based on forecasts of future cash flows;
> a high credit rating for the State of Victoria (Moody’s Investor Services & Standard & Poor’s triple-A), which assists in accessing debt market at a lower interest rate.
The department’s exposure to liquidity risk is deemed insignificant based on prior period’s data and current assessment of risk. Maximum exposure to liquidity risk is the carrying amounts of financial liabilities as disclosed in the balance sheet.
Table 23.5 discloses the contractual maturity analysis for the department’s contractual financial liabilities.
(d) Market risk The department’s exposures to market risk are primarily through interest rate risk with only insignificant exposure to foreign currency and other price risks. Objectives, policies and processes used to manage each of these risks are disclosed in the paragraphs below:
Foreign currency risk
The department is exposed to insignificant foreign currency risk through its payables relating to purchases of supplies and consumables from overseas. This is because of a limited amount of purchases denominated in foreign currencies and a short timeframe between commitment and settlement.
The department manages its risk through continuous monitoring of movements in exchange rates and ensures availability of funds through rigorous cash flow planning and monitoring. Based on past and current assessment of economic outlook, it is deemed unnecessary for the department to enter into any hedging arrangements to manage risk.
Interest rate risk
Exposure to interest rate risk is insignificant and might arise primarily through the department’s interest bearing liabilities and assets. The only interest bearing liabilities and assets are the motor vehicle finance lease liabilities and term deposits. The department’s interest bearing assets are managed by Treasury Corporation Victoria and any movement in interest rates are monitored on a daily basis.
The carrying amounts of financial assets and financial liabilities that are exposed to interest rates are set out in Table 23.6. In addition, the department’s sensitivity to interest rate risk is set out in Table 23.7.
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Sensitivity analysis disclosure
The department’s sensitivity to market risk is determined based on the observed range of actual historical data for the preceding five year period, with all variables other than the primary risk variable held constant. The department’s fund managers cannot be expected to predict movements in market rates and prices; sensitivity analyses are shown for illustrative purposes only. The following movements are “reasonably possible” over the next 12 months:
A shift of +100 basis points (1%) per cent and -100 basis points (1%) per cent in market interest rates (AUD) from year-end rates.
Table 23.7 discloses the impact on the department’s net result and equity for each category of financial instrument held by the department at the end of the reporting period as presented to key management personnel if the above movements were to occur.
Table 23.4: Ageing analysis of contractual financial assets
Not past due and not
impaired
Past due but not impaired
Carrying amount
Less than 1 month
1 – 3 months
3 – 12 months 1 – 5 years
2014 $’000 $’000 $’000 $’000 $’000 $’000
Cash and deposits 396,760 396,760 – – – –
Receivables (i) 24,369 23,281 37 1,006 43 2
Investments 90 90 – – – –
Total 421,219 420,131 37 1,006 43 2
2013
Cash and deposits 89,229 89,229 – – – –
Receivables (i) 17,255 13,079 2,031 584 1,508 53
Total 106,484 102,308 2,031 584 1,508 53
(i) The carrying amounts disclosed here exclude statutory receivables (e.g. amounts owing from Victorian Government and GST input tax credit recoverable).
Table 23.5: Maturity analysis of contractual financial liabilities (ii)
Carrying amount
Maturity dates
Nominal amount
Less than 1 month
1 – 3 months
3 – 12 months
1 – 5 years
2014 $’000 $’000 $’000 $’000 $’000 $’000
Payables (i) 91,207 91,207 91,207 – – –
Finance lease liabilities 3,202 3,390 289 235 1,360 1,506
Total 94,409 94,597 91,496 235 1,360 1,506
2013
Payables (i) 53,525 53,525 53,525 – – –
Finance lease liabilities 984 1,062 108 67 340 547
Total 54,509 54,587 53,633 67 340 547
(i) The carrying amounts disclosed exclude statutory amounts (e.g. GST payables).
(ii) Maturity analysis is presented using the contractual and discounted cash flow.
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NOTE 23. FINANCIAL INSTRUMENTS (CONTINUED)
Table 23.6: Interest rate exposure of financial instruments
Interest rate exposure
Weighted average interest
rateCarrying amount
Fixed interest rate
Variable interest rate
Non-interest bearing
2014 % $’000 $’000 $’000 $’000
Financial assets
Cash and deposits 2.43% 252,310 – 252,310 –
Cash and deposits 144,450 – – 144,450
Receivables (i) 24,369 – – 24,369
Investments-equities 90 – – 90
Total financial assets 421,219 – 252,310 168,909
Financial liabilities
Payables 91,207 – – 91,207
Financial lease liabilities 6.19% 3,202 3,202 – –
Total financial liabilities 94,409 3,202 – 91,207
2013
Financial assets
Cash and deposits 2.34% 47,372 – 47,372 –
Cash and deposits 41,858 – – 41,858
Receivables (i) 17,255 – – 17,255
Total financial assets 106,485 – 47,372 59,113
Financial liabilities
Payables (i) 53,525 – – 53,525
Financial lease liabilities 6.54% 984 984 – –
Total financial liabilities 54,509 984 – 53,525
(i) The carrying amounts disclosed exclude statutory receivables and payables (e.g. amounts owing from Victorian Government, GST recoverable and GST payable).
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Table 23.7: Interest rate risk sensitivity
Interest rate
-100 basis points +100 basis points
Carrying amount Net Result
Available-for-sale
revaluation surplus Net Result
Available-for-sale
revaluation surplus
2014 $’000 $’000 $’000 $’000 $’000
Contractual financial assets
Cash and deposits 396,760 (2,523) – 2,523 –
Receivables 24,369 – – – –
Investments-equities 90 – – – –
Total impact (2,523) – 2,523 –
Contractual financial liabilities
Payables 91,207 – – – –
Borrowings 3,202 – – – –
Total impact – – – –
2013
Contractual financial assets
Cash and deposits 89,229 (474) – 474 –
Receivables 17,255 – – – –
Total impact (474) – 474 –
Contractual financial liabilities
Payables 53,525 – – – –
Borrowings 984 – – – –
Total impact – – – –
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NOTE 23. FINANCIAL INSTRUMENTS (CONTINUED)
(e) Fair valueThe fair values and net fair values of financial instrument assets and liabilities are determined as follows:
> Level 1 – the fair value of financial instrument with standard terms and conditions and traded in active liquid markets are determined with reference to quoted market prices;
> Level 2 – the fair value is determined using inputs other than quoted prices that are observable for the financial asset or liability, either directly or indirectly; and
> Level 3 – the fair value is determined in accordance with generally accepted pricing models based on discounted cash flow analysis using unobservable market inputs.
The department considers that the carrying amount of financial instrument assets and liabilities recorded in the financial statements to be a fair approximation of their fair values, because of the short-term nature of the financial instruments and the expectation that they will be paid in full.
Table 23.8: Comparison between carrying amount and fair value
Carrying amount Fair value
Carrying amount Fair value
2014 2014 2013 2013
$’000 $’000 $’000 $’000
Contractual financial assets
Cash and deposits 396,760 396,760 89,229 89,229
Receivables (i) 24,369 24,369 17,255 17,255
Investments-equities 90 90 – –
Total contractual financial assets 421,219 421,219 106,484 106,484
Contractual financial liabilities
Payables (i)
– Supplies and services 91,207 91,207 53,525 53,525
Borrowings 3,202 3,202 984 984
Total contractual financial liabilities 94,409 94,409 54,509 54,509
(i) The carrying amounts exclude statutory amounts (e.g. amounts owing from Government, GST input tax credit recoverable, and GST payable).
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Table 23.9: Financial assets measured at fair value (ii)
Carrying amount
Fair value measurement at end of reporting period using:
$’000 $’000 $’000 $’000
2014 Level 1 (i) Level 2 (i) Level 3
Financial assets at fair value through profit or loss
Cash and deposits 396,760 396,760 – –
Receivables 24,369 24,369 – –
Investments-equities 90 90 – –
Total 421,219 421,219 – –
2013
Financial assets at fair value through profit or loss
Cash and deposits 89,229 89,229 – –
Receivables 17,255 17,255 – –
Total contractual financial assets 106,484 106,484 – –
(i) There is no difference between level 1 and level 2.
(ii) The fair value hierarchy are disclosed by class of financial instrument.
There have been no transfers between levels during the period.
The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.
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NOTE 24. CASH FLOW INFORMATION
(a) Reconciliation of cash and cash equivalentsFor the purpose of the cash flow statement, cash includes cash-on-hand and in bank (including funds held in trust), net of outstanding bank overdrafts. Cash at the end of the financial year as shown in the cash flow statement is reconciled to the related items in the balance sheet as follows:
2014 2013
$’000 $’000
Cash (i) 48,432 45,673
Funds held in trust Note 30 (b) 348,328 43,556
Balance as per cash flow statement 396,760 89,229
(i) Due to the State of Victoria’s investment policy and Government funding arrangements, the department does not hold a large cash reserve in it bank accounts. Cash received by the department from the generation of income is generally paid into the state’s bank account, known as the Public Account. Similarly, any departmental expenditure, including those in the form of cheques drawn by the department for the payment of goods and services to its suppliers and creditors are made via the Public Account. The process is such that, the Public Account would remit to the department the cash required for the amount drawn on the cheques. This remittance by the Public Account occurs upon the presentation of the cheques by the department’s suppliers or creditors.
The above funding arrangements often result in department having a notional shortfall in the cash at bank required for payment of unpresented cheques at the reporting period. At 30 June 2014, cash at bank includes the amount of a notional shortfall for the payment of unpresented cheques at the end of the reporting period.
At 30 June 2014, cash at bank included the amount of a notional shortfall for the payment of unpresented cheques of $66,021 (2013: $106,085).
(b) Non-cash financing and investing activities
2014 2013
$’000 $’000
Acquisition of plant and equipment by way of finance lease 1,609 677
Total 1,609 677
(c) Reconciliation of net result for the period
2014 2013
$’000 $’000
Net result for the period 33,924 11,010
Non-cash movements:
Loss on sale or disposal of non-current assets 4,850 3,162
Depreciation & amortisation of non-financial assets and intangible assets 8,743 4,060
Provision for doubtful debts (28) –
Impairment of non-current assets 43 725
Movements in assets and liabilities
Increase in current receivables (11,513) (12,959)
(Increase)/decrease in other current assets (853) 50
Increase in current payables 24,697 25,289
(Decrease)/increase in current provisions 1,914 (368)
(Decrease)/increase in non-current provisions 1,236 (277)
Net cash flows from/(used) in operating activities 63,013 30,692
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NOTE 25. INVESTMENTS
Current investments
Term deposits: the department had no current investments with maturity > 3 months.
2014 2013
$’000 $’000
Non-current investments
Equity and management investments
Listed securities 90 –
Total current and non-current investments and other financial assets 90 –
NOTE 26. RESERVES
2014 2013
$’000 $’000
Physical asset revaluation surplus (i)
Balance at beginning of financial year 30,970 30,970
Revaluation increment/(decrements) – –
Transfers to accumulated surplus (ii) (5,320) –
Balance at end of financial year 25,650 30,970
Net change in reserves (5,320) –
(i) The physical asset revaluation surplus arises on the revaluation of land and buildings.
(ii) Relates to the transfer of land and buildings at Beacon Cove to Port of Melbourne Authority and the City of Port Phillip.
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NOTE 27. SUMMARY OF COMPLIANCE WITH ANNUAL PARLIAMENTARY AND SPECIAL APPROPRIATIONS
The following table discloses the details of parliamentary appropriations received by the department for the year. In accordance with accrual output-based management procedures ‘provision of outputs’ and ‘additions to net assets’ are disclosed as ‘controlled’ activities of the department. Administered transactions are those that are undertaken on behalf of the State of Victoria over which the department has no control or discretion.
APPROPRIATION ACT FINANCIAL MANAGEMENT ACT 1994
Annual Appropriation Advance from Treasurer Section 3(2) Section 29 Section 30 Section 32Section 35 Advances
Total Parliamentary Authority Appropriations Applied Variance
2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013
$000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000
Controlled
Provision of outputs 615,786 477,893 – 9,250 – – 4,823 1,078 10,000 4,070 64,285 42,126 – – 694,894 534,417 576,223 438,132 118,671 96,285 (i)
Additions to net assets 81,367 194,043 – – – – – – (5,000) (9,070) 30,780 6,961 – – 107,147 191,934 43,834 120,511 63,313 71,423 (ii)
Regional Growth Fund 136,000 – – – – – – – – – – – – – 136,000 – 136,000 – – –
Administered
Payments made on behalf of the state
64,000 54,000 2,535 – – – – – (5,000) 5,000 – – – – 61,535 59,000 60,878 59,000 657 –
Total 897,153 725,936 2,535 9,250 – – 4,823 1,078 – – 95,065 49,087 – – 999,576 785,351 816,935 617,643 182,641 167,708
(i) A number of the department’s output programs have been rescheduled to the next financial year due to delays in commencements, completion of milestones, and/or contract finalisation. As a result the department has obtained approval to rephase a component of this unspent funding into future years and has also applied for the remaining output budget to be carried over into the next financial year.
(ii) A number of the department’s capital projects have experienced delays and the outstanding works have been re-programmed to the next financial year. As a result the department has obtained approval to rephase a component of this unspent funding into future years and has also applied for the remaining capital budget to be carried over into the next financial year.
NOTE 28. EX-GRATIA EXPENSES
The department has not incurred ex-gratia expenses (2013: nil).
NOTE 29. ANNOTATED INCOME AGREEMENTS
The following is a listing of the Financial Management Act 1994 Section 29 annotated income agreements approved by the Treasurer:
ACTUAL
2014 2013
$’000 $’000
Commonwealth Specific Purpose Payments
National Urban Water and Desalination Plan : New Melbourne Wholesale Market Stormwater Harvesting and Reuse Project
357 1,078
Commonwealth National Partnerships Payments
Coal Seam Gas and Large Coal Mining Development 4,050 –
Other Revenue
Regional Victoria Living Expo 396 –
Research and Experimental Projects Industry 20 –
Total annotated income agreements 4,823 1,078
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The following table discloses the details of parliamentary appropriations received by the department for the year. In accordance with accrual output-based management procedures ‘provision of outputs’ and ‘additions to net assets’ are disclosed as ‘controlled’ activities of the department. Administered transactions are those that are undertaken on behalf of the State of Victoria over which the department has no control or discretion.
APPROPRIATION ACT FINANCIAL MANAGEMENT ACT 1994
Annual Appropriation Advance from Treasurer Section 3(2) Section 29 Section 30 Section 32Section 35 Advances
Total Parliamentary Authority Appropriations Applied Variance
2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013
$000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000
Controlled
Provision of outputs 615,786 477,893 – 9,250 – – 4,823 1,078 10,000 4,070 64,285 42,126 – – 694,894 534,417 576,223 438,132 118,671 96,285 (i)
Additions to net assets 81,367 194,043 – – – – – – (5,000) (9,070) 30,780 6,961 – – 107,147 191,934 43,834 120,511 63,313 71,423 (ii)
Regional Growth Fund 136,000 – – – – – – – – – – – – – 136,000 – 136,000 – – –
Administered
Payments made on behalf of the state
64,000 54,000 2,535 – – – – – (5,000) 5,000 – – – – 61,535 59,000 60,878 59,000 657 –
Total 897,153 725,936 2,535 9,250 – – 4,823 1,078 – – 95,065 49,087 – – 999,576 785,351 816,935 617,643 182,641 167,708
(i) A number of the department’s output programs have been rescheduled to the next financial year due to delays in commencements, completion of milestones, and/or contract finalisation. As a result the department has obtained approval to rephase a component of this unspent funding into future years and has also applied for the remaining output budget to be carried over into the next financial year.
(ii) A number of the department’s capital projects have experienced delays and the outstanding works have been re-programmed to the next financial year. As a result the department has obtained approval to rephase a component of this unspent funding into future years and has also applied for the remaining capital budget to be carried over into the next financial year.
NOTE 28. EX-GRATIA EXPENSES
The department has not incurred ex-gratia expenses (2013: nil).
NOTE 29. ANNOTATED INCOME AGREEMENTS
The following is a listing of the Financial Management Act 1994 Section 29 annotated income agreements approved by the Treasurer:
ACTUAL
2014 2013
$’000 $’000
Commonwealth Specific Purpose Payments
National Urban Water and Desalination Plan : New Melbourne Wholesale Market Stormwater Harvesting and Reuse Project
357 1,078
Commonwealth National Partnerships Payments
Coal Seam Gas and Large Coal Mining Development 4,050 –
Other Revenue
Regional Victoria Living Expo 396 –
Research and Experimental Projects Industry 20 –
Total annotated income agreements 4,823 1,078
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NOTE 30. TRUST ACCOUNT BALANCES
(a) Trust account balances relating to trust accounts controlled by the department
July 2013 Revenue* Expense June 2014
$’000 $’000 $’000 $’000
STATE TRUSTS
Energy and Earth Resources
Solar Systems Stage 2* – 3,000 (3,000) –
Earth and Energy Trust* – 6,524 (91) 6,433
Department Working Trust Account (i)
Community Regional Industry Skills Program (CRISP) 1,808 – – 1,808
Science and Technology Research and Development Fund 1,605 – (135) 1,470
Victorian Greenhouse Strategy Funds 103 – – 103
Victorian Government Business Office 353 – – 353
Youth Employment Scheme 345 – (94) 251
Infrastructure Precincts 9 – – 9
Melbourne Major Events 1,573 74,063 (73,270) 2,366
Real Estate Agents Guarantee Fund 155 – – 155
STI Awareness 27 60 (51) 36
Project Funds 25,103 23,800 (6,540) 42,363
Ezybiz 2,630 121 (151) 2,600
Greening Our Automotive Industry 2 – – 2
Workforce Participation Trust 1,406 260 (206) 1,460
CAT General Purpose Trust 1,151 218 (333) 1,036
International Education Trust 2,055 – (10) 2,045
Small Business Services Policy 113 – – 113
RDV Projects* 935 16,730 (1,533) 16,132
e-GIF Program 2,000 3,000 (338) 4,662
Greater Geelong Industry Fund 2,000 – (695) 1,305
CSF Funding – Community Commitments* – 2,810 (1,546) 1,264
CSF Funding – Victorian Community Support* – 1,322 (1,152) 170
Victorian Transactions Refer Program – 2,000 – 2,000
Regional Growth Fund* – 353,806 (127,813) 225,993
Treasury Trust 42 7,140 (7,140) 42
Vicfleet Finance Lease Sales* 92 392 (46) 438
Revenue Clearing Account 428 (31) – 397
COMMONWEALTH TRUSTS
Commonwealth Treasury Trust Fund (ii)
CarbonNet Funding Agreement #801* – 3,114 (2,095) 1,019
CarbonNet Funding Agreement #2633* – 11,498 (882) 10,616
Broadband Broker Program 270 – (74) 196
Regional Development Australia* 556 3,844 (4,017) 383
Advanced Lignite Demonstration Program Agreement – 14,190 – 14,190
Australian Synchrotron Contributions Fund 2,704 21 (2,724) 1
Natural Disasters Relief – 4,997 (3,788) 1,209
ADMINISTERED TRUST
Public Service Commuters Club (101) (21) – (122)
Lysterfield Levy Trust Fund* – 3,717 – 3,717
Securities – DTF Trust Fund* – – (9) (9)
Total 47,364 533,575 (234,733) 346,206
* Includes Machinery of Government changes.
(i) For the purpose to assist in facilitating, encouraging, promoting and carrying out activities leading to a balanced economic development of the state. The governing legislation is Sector 19 of the Financial Management Act 1994.
(ii) For the purpose of holding funds from the Commonwealth Government. The governing legislation is Sector 19 of the Financial Management Act 1994.
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July 2012 Revenue Expense June 2013
$’000 $’000 $’000 $’000
STATE TRUSTS
Department Working Trust Account (i)
Community Regional Industry Skills Program (CRISP) 2,013 – (205) 1,808
Science and Technology Research and Development Fund 1,633 – (28) 1,605
Victorian Greenhouse Strategy Funds 138 – (35) 103
Victorian Government Business Office 421 – (68) 353
Youth Employment Scheme 394 – (49) 345
Infrastructure Precincts 9 – – 9
Recoup trusts 100 – (100) –
Melbourne Major Events 1,216 74,755 (74,398) 1,573
Real Estate Agents Guarantee Fund 155 – – 155
STI Awareness 45 60 (78) 27
ICT Skills 27 – (27) –
Project Funds 5,773 20,432 (1,102) 25,103
Ezybiz 2,658 551 (579) 2,630
Greening Our Automotive Industry 10 – (8) 2
Workforce Participation Trust 3,032 690 (2,316) 1,406
CAT General Purpose Trust 992 189 (30) 1,151
International Education Trust 2,133 – (78) 2,055
Small Business Services Policy 353 – (240) 113
RDV Projects 995 – (60) 935
e-GIF Program – 2,000 – 2,000
Greater Geelong Industry Fund – 2,000 – 2,000
Treasury Trust 42 – – 42
Vicfleet Finance Lease Sales (28) 120 – 92
Revenue Clearing Account 423 5 – 428
COMMONWEALTH TRUSTS
Commonwealth Treasury Trust Fund (ii)
Broadband Broker Program 347 38 (115) 270
Regional Development Australia 762 1,519 (1,725) 556
Australian Synchrotron Contributions Fund 2,613 591 (500) 2,704
ADMINISTERED TRUST
Public Service Commuters Club (155) 54 – (101)
Total 26,101 103,004 (81,741) 47,364
(i) For the purpose to assist in facilitating, encouraging, promoting and carrying out activities leading to a balanced economic development of the State of Victoria. The governing legislation is Section 19 of the Financial Management Act 1994.
(ii) For the purpose of holding funds from the Commonwealth Government. The governing legislation is Section 19 of the Financial Management Act 1994.
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NOTE 30. TRUST ACCOUNT BALANCES (CONTINUED)
(b) Trust account cash balances
The following is a list of cash held in trust account balances relating to trusts controlled and administered by the department.
2014 2013
$’000 $’000
(i) Controlled trusts
Energy and Earth Resources 6,403 –
Department Working Trust Account 82,269 40,048
Regional Growth Fund 236,143 –
Commonwealth Treasury Trust Account 22,710 275
Treasury Trust Account 41 41
Vic Fleet Finance Lease Sales 365 57
Revenue Clearing Account 397 429
Australian Synchrotron Contributions Fund – 2,706
Total controlled trusts 348,328 43,556
(ii) Administered trusts
Lysterfield Levy Trust Fund 450 –
Securities – DTF Trust Fund 139 –
Public Service Commuters Club Trust (122) (101)
Total administered trusts (Note 3) 467 (101)
The department’s portion of the Public Service Commuters Club Trust is temporarily in deficit due to the timing between the purchase of travel tickets and reimbursement from employees. The Trust’s working capital is funded by DTF, and the overall trust balance is in surplus.
(c) Trust accounts opened and closed by the departmentDuring the 2014 financial year the following Trust Accounts were opened:
> Regional Growth Fund, CSF Funding – Community Commitments, CSF Funding – Victorian Community Support, CarbonNet Funding
> Agreements, Solar Systems Stage 2, Earth and Energy Trust, Natural Disasters Relief, Victorian Transactions Refer Program
> Lysterfield Levy Trust Fund and Advanced Lignite Demonstration Program Agreement.
During the 2014 financial year the Australian Synchrotron Contributions Fund was closed.
The governing legislation is Section 19 of the Financial Management Act 1994.
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In accordance with the Ministerial Directions issued by the Minister for Finance under the Financial Management Act 1994, the following disclosures are made regarding responsible persons for the reporting period.
Names
The persons who held the positions of Ministers and Accountable Officer in the department are as follows:
Minister for Innovation, Services and Small Business The Hon Louise Asher MP 2 December 2010 to 17 March 2014
Minister for Innovation The Hon Louise Asher MP 17 March 2014 to 30 June 2014
Minister for Tourism and Major Events The Hon Louise Asher MP 2 December 2010 to 30 June 2014
Minister for Employment and Trade The Hon Louise Asher MP 13 March 2013 to 30 June 2014
Minister for Major Projects The Hon David Hodgett MP 13 March 2013 to 30 June 2014
Minister for Regional Cities The Hon Dr Denis Napthine MP 2 December 2010 to 30 June 2014
Minister for Manufacturing The Hon David Hodgett MP 13 March 2013 to 30 June 2014
Minister for State Development The Hon Peter Ryan MP 13 March 2013 to 30 June 2014
Minister for Regional and Rural Development The Hon Peter Ryan MLA 2 December 2010 to 30 June 2014
Minister for Technology The Hon Gordon Rich-Phillips MLC 2 December 2010 to 30 June 2014
Minister responsible for the Aviation Industry The Hon Gordon Rich-Phillips MLC 2 December 2010 to 30 June 2014
Minister for Small Business The Hon Russell Northe MP 17 March 2014 to 30 June 2014
Minister for Energy and Resources The Hon Russell Northe MP 17 March 2014 to 30 June 2014
Minister for Energy and Resources The Hon Nicholas Kotsiras MP 13 March 2013 to 17 March 2014
Secretary Mr Howard Ronaldson 14 May 2008 to 30 June 2014
Remuneration
Total remuneration received or receivable by the accountable officer in connection with the management of the department during the reporting period was in the range $420,000 to $429,999 (2013: $430,000 – $439,999).
Other related transactions and loans requiring disclosure under the Directions of the Minister for Finance have been considered and there are no matters to report.
Amounts relating to Ministers are reported in the financial statements of the Department of Premier and Cabinet.
NOTE 31. RESPONSIBLE PERSONS
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NOTE 32. REMUNERATION OF EXECUTIVES AND PAYMENTS TO OTHER PERSONNEL
(a) Remuneration of executives The number of executive officers, other than ministers and accountable officers, and their total remuneration during the reporting period are shown in the first two columns in the table below in their relevant income bands. The base remuneration of executive officers is shown in the third and fourth columns. Base remuneration is exclusive of bonus payments, long service leave payments, redundancy payments and retirement benefits.
The total annualised employee equivalent provides a measure of full-time equivalent executive officers over the reporting period.
Several factors have affected total remuneration payable to executives during the year. The Office of State Development was created which resulted in the filling of two of three executive officer positions. In addition, a number of employment contracts were renewed during the year.
The Premier approved an annual adjustment to executive officer remuneration of 2.5 per cent for the 2013-14 financial year. Bonus payments were also paid to eligible executive officers as part of their performance review for 2013-14.
A number of executive officers retired or resigned in the past year. This has had a significant impact on total remuneration figures due to the inclusion of annual leave, and long service leave payments.
INCOME BAND TOTAL REMUNERATION BASE REMUNERATION
2014 2013 2014 2013No. No. No. No.
$0 – $99,999 17 8 21 10
$100,000 – $109,999 2 – 1 1
$110,000 – $119,999 1 2 1 2
$120,000 – $129,999 – – 1 –
$130,000 – $139,999 – 1 – –
$140,000 – $149,999 4 – 2 1
$150,000 – $159,999 4 3 2 3
$160,000 – $169,999 3 3 6 1
$170,000 – $179,999 4 3 6 5
$180,000 – $189,999 6 1 2 –
$190,000 – $199,999 2 1 3 5
$200,000 – $209,999 2 5 4 1
$210,000 – $219,999 4 1 3 –
$220,000 – $229,999 3 – 1 –
$230,000 – $239,999 2 3 2 4
$240,000 – $249,999 1 1 2 1
$250,000 – $259,999 2 1 – –
$260,000 – $269,999 – – 2 –
$270,000 – $279,999 1 – 1 1
$280,000 – $289,999 2 – 3 1
$290,000 – $299,999 2 – – –
$300,000 – $309,999 1 2 – –
$310,000 – $319,999 1 – 1 –
$320,000 – $329,999 – – – 1
$330,000 – $339,999 – – 1 –
$340,000 – $349,999 – 1 – –
$350,000 – $359,999 1 1 – 1
$360,000 – $369,999 – – 1 –
$370,000 – $379,999 1 – – –
$400,000 – $409,999 – 1 – –
Total numbers 66 38 66 38
Total annualised employee equivalent (AEE) (a) 47.9 28.3 47.9 28.3
Total amount ($’000) 11,074 6,844 10,300 5,930
(a) Annualised employee equivalent is based on working 38 ordinary hours per week over the reporting period.
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(b) Payments to other personnel (i.e. contractors with significant management responsibilities)
The following disclosures are made in relation to other personnel of the department (i.e. contractors charged with significant management responsibilities).
Payments have been made to a number of contractors with significant management responsibilities, which are disclosed in the $10,000 expense band. These contractors are responsible for planning, directing or controlling, directly or indirectly, the department’s activities.
The change in the total expenses from 2013 to 2014 was mainly driven by new functions being undertaken by the department in the 2014 reporting period.
EXPENSE BAND TOTAL OTHER PERSONNEL
2014 2013
No. No.
$0 – $99,999 2 1
$110,000 – $119,999 1 –
$130,000 – $139,999 1 –
$140,000 – $149,999 1 –
$160,000 – $169,999 – 1
$180,000 – $189,999 – 1
$190,000 – $199,999 – 1
$230,000 – $239,999 – 1
$280,000 – $289,999 1 1
$290,000 – $299,999 2 –
$310,000 – $319,999 – 1
$350,000 – $359,999 2 –
Total numbers 10 7
Total amount (exclusive of GST) 2,043 1,446
NOTE 33. REMUNERATION OF AUDITORS
2014 2013
$’000 $’000
Victorian Auditor General’s Office
Audit of the financial statements 295 274
295 274
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AmortisationAmortisation is the expense which results from the consumption, extraction or use over time of a non-produced physical or intangible asset.
Associates Associates are all entities over which an entity has significant influence but not control, generally accompanying a shareholding and voting rights of between 20 per cent and 50 per cent.
BorrowingsBorrowings refers to interest-bearing liabilities mainly raised from public borrowings raised through the Treasury Corporation of Victoria, finance leases and other interest-bearing arrangements.
Comprehensive result The net result of all items of income and expense recognised for the period. It is the aggregate of operating result and other comprehensive income.
Capital asset charge The capital asset charge represents the opportunity cost of capital invested in the non-financial physical assets used in the provision of outputs.
CommitmentsCommitments include those operating, capital and other outsourcing commitments arising from non-cancellable contractual or statutory sources.
Current grantsAmounts payable or receivable for current purposes for which no economic benefits of equal value are receivable or payable in return.
DepreciationDepreciation is an expense that arises from the consumption through wear or time of a produced physical or intangible asset. This expense is classified as a ‘transaction’ and so reduces the ‘net result from transaction’.
NOTE 34. GLOSSARY OF TERMS
Effective interest methodThe effective interest method is used to calculate the amortised cost of a financial asset or liability and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial instrument, or, where appropriate, a shorter period.
Employee benefits expenses
Employee benefits expenses include all costs related to employment including wages and salaries, fringe benefits tax, leave entitlements, redundancy payments, defined benefits superannuation plans and defined contribution superannuation plans.
Ex-gratia expensesEx-gratia expenses mean the voluntary payment of money or other non-monetary benefit (e.g. a write-off) that is not made either to acquire goods, services or other benefits for DSDBI or to meet a legal liability, or to settle or resolve a possible legal liability or claim against DSDBI.
Financial assetA financial asset is any asset that is:
(a) cash;
(b) an equity instrument of another entity;
(c) a contractual or statutory right:
> to receive cash or another financial asset from another entity; or
> to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or
(d) a contract that will or may be settled in the entity’s own equity instruments and is:
> a non-derivative for which the entity is or may be obliged to receive a variable number of the entity’s own equity instruments; or
> a derivative that will or may be settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments.
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Financial instrumentA financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Financial assets or liabilities that are not contractual (such as statutory receivables or payables that arise as a result of statutory requirements imposed by governments) are not financial instruments.
Financial liabilityA financial liability is any liability that is:
(a) A contractual or statutory obligation:
(i) To deliver cash or another financial asset to another entity; or
(ii) To exchange financial assets or financial liabilities with another entity under conditions that are potentially unfavourable to the entity; or
(b) a contract that will or may be settled in the entity’s own equity instruments and is:
> a non-derivative for which the entity is or may be obliged to receive a variable number of the entity’s own equity instruments; or
> a derivative that will or may be settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments. For this purpose the entity’s own equity instruments do not include instruments that are themselves contracts for the future receipt or delivery of the entity’s own equity instruments.
Financial statementsDepending on the context of the sentence where the term ‘financial statements’ is used, it may include only the main financial statements (i.e. comprehensive operating statement, balance sheet, cash flow statements, and statement of changes in equity); or it may also be used to replace the old term ‘financial report’ under the revised AASB 101 (Sept 2007), which means it may include the main financial statements and the notes.
Grants and other transfersTransactions in which one party provides goods, services, assets (or extinguishes a liability) or labour to another party without receiving approximately equal value in return. Grants can either be operating or capital in nature. While grants to governments may result in the provision of some goods or services to the transferor, they do not give the transferor a claim to receive directly benefits of approximately equal value. Receipt and sacrifice of approximately equal value may occur, but only by coincidence. For example, governments are not obliged to provide commensurate benefits, in the form of goods or services to particular taxpayers in return for their taxes. For this reason, grants are referred to by the AASB as involuntary transfers and are termed non reciprocal transfers.
Grants can be paid as general purpose grants which refer to grants that are not subject to conditions regarding their use. Alternatively, they may be paid as specific purpose grants which are paid for a particular purpose and/or have conditions attached regarding their use.
General Government sector The General Government sector comprises all Government departments, offices and other bodies engaged in providing services free of charge or at prices significantly below their cost of production. General Government services include those which are mainly non-market in nature, those which are largely for collective consumption by the community and those which involve the transfer or redistribution of income. These services are financed mainly through taxes, or other compulsory levies and user charges.
Grants for on passing All grants paid to one institutional sector (e.g. a state General Government) to be passed on to another institutional sector (e.g. local government or a private non profit institution).
Intangible produced assets
Refer to produced assets in this glossary.
Intangible non-produced assets
Refer to non-produced assets in this glossary.
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Interest expense
Costs incurred in connection with the borrowing of funds. Interest expenses include interest on bank overdrafts and short term and long-term borrowings, amortisation of discounts or premiums relating to borrowings, interest component of finance leases repayments, and the increase in financial liabilities and non employee provisions due to the unwinding of discounts to reflect the passage of time.
Interest income Interest income includes unwinding over time of discounts on financial assets and interest received on bank term deposits and other investments.
Investment properties Investment properties represent properties held to earn rentals or for capital appreciation or both. Investment properties exclude properties held to meet service delivery objectives of the State of Victoria.
Joint venturesJoint ventures are contractual arrangements between the department and one or more other parties to undertake an economic activity that is subject to joint control. Joint control only exists when the strategic financial and operating decisions relating to the activity require the unanimous consent of the parties sharing control (the venturers).
Net acquisition of non-financial assets (from transactions)Purchases (and other acquisitions) of non financial assets less sales (or disposals) of non financial assets less depreciation plus changes in inventories and other movements in non financial assets. Includes only those increases or decreases in non financial assets resulting from transactions and therefore excludes write offs, impairment write downs and revaluations.
Net result Net result is a measure of financial performance of the operations for the period. It is the net result of items of income, gains and expenses (including losses) recognised for the period, excluding those that are classified as ‘other economic flows – other comprehensive income’.
Net result from transactions/net operating balanceNet result from transactions or net operating balance is a key fiscal aggregate and is income from transactions minus expenses from transactions. It is a summary measure of the ongoing sustainability of operations. It excludes gains and losses resulting from changes in price levels and other changes in the volume of assets. It is the component of the change in net worth that is due to transactions and can be attributed directly to Government policies.
Net worth Assets less liabilities, which is an economic measure of wealth.
Non-financial assets Non-financial assets are all assets that are not ‘financial assets’. It includes inventories, land, buildings, infrastructure, road networks, land under roads, plant and equipment, investment properties, cultural and heritage assets, and intangible assets.
Non-produced assetsNon produced assets are assets needed for production that have not themselves been produced. They include land, subsoil assets, and certain intangible assets. Non produced intangibles are intangible assets needed for production that have not themselves been produced. They include constructs of society such as patents.
Other economic flows are changes in the volume or value of an asset or liability that do not result from transactions. It includes:
> gains and losses from disposals, revaluations and impairments of non financial physical and intangible assets;
NOTE 34. GLOSSARY OF TERMS (CONTINUED)
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> fair value changes of financial instruments and agricultural assets; and
> depletion of natural assets (non produced) from their use or removal.
Other economic flows – other comprehensive income Other economic flows – other comprehensive income comprises items (including reclassification adjustments) that are not recognised in net result as required or permitted by other AAS.
The components of other economic flows – other comprehensive income include:
> change in physical asset revaluation surplus;
> share of net movement in revaluation surplus of associates and joint venturers; and
> gains and losses on remeasuring available-for-sale financial assets.
PayablesIncludes short and long-term trade debt and accounts payable, grants and interest payable.
Produced assetsProduced assets include buildings, plant and equipment, inventories, cultivated assets and certain intangible assets. Intangible produced assets may include computer software, motion picture films, and research and development costs (which do not include the start up costs associated with capital projects).
Public financial corporation sectorPublic financial corporations (PFCs) are bodies primarily engaged in the provision of financial intermediation services or auxiliary financial services. They are able to incur financial liabilities on their own account (e.g. taking deposits, issuing securities or providing insurance services). Estimates are not published for the public financial corporation sector.
Public non financial corporation sectorThe public non financial corporation (PNFC) sector comprises bodies mainly engaged in the production of goods and services (of a non-financial nature) for sale in the market place at prices that aim to recover most of the costs involved (e.g. water and port authorities). In general, PNFC’s are legally distinguishable from governments which own them.
Quasi corporationAn unincorporated enterprise that functions as if it were a corporation, has the same relationship with its owner as a corporation, and keeps a separate set of accounts.
ReceivablesIncludes amounts owing from Government through appropriation receivable, short and long-term trade credit and accounts receivable, accrued investment income, grants, taxes and interest receivable.
Sales of goods and servicesRefers to income from the direct provision of goods and services and includes fees and charges for services rendered, sales of goods and services, fees from regulatory services, work done as an agent for private enterprises. It also includes rental income under operating leases and on produced assets such as buildings and entertainment, but excludes rent income from the use of non produced assets such as land. User charges includes sale of goods and services income.
Supplies and services Supplies and services generally represent cost of goods sold and the day to day running costs, including maintenance costs, incurred in the normal operations of the department.
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TransactionsTransactions are those economic flows that are considered to arise as a result of policy decisions, usually an interaction between two entities by mutual agreement. They also include flows within an entity such as depreciation where the owner is simultaneously acting as the owner of the depreciating asset and as the consumer of the service provided by the asset. Taxation is regarded as mutually agreed interactions between the Government and taxpayers. Transactions can be in kind (e.g. assets provided/given free of charge or for nominal consideration) or where the final consideration is cash. In simple terms, transactions arise from the policy decisions of the Government.
Style conventions
Figures in the tables and in the text have been rounded. Discrepancies in tables between totals and sums of components reflect rounding. Percentage variations in all tables are based on the underlying unrounded amounts.
The notation used in the tables is as follows:
– Zero, or rounded to Zero
(xxx) negative numbers
20xx year period
The financial statements and notes are presented based on the illustration for a Government department in the 2013-14 Model Report for Victorian Government Departments. The presentation of other disclosures is generally consistent with other disclosures made in earlier publications of the department’s annual reports.
NOTE 34. GLOSSARY OF TERMS (CONTINUED)
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ACCOUNTABLE OFFICER’S AND CHIEF FINANCE OFFICER’S DECLARATION
We certify that the attached financial report for the Department of State Development, Business and Innovation has been prepared in accordance with Standing Direction 4.2 of the Financial Management Act 1994, applicable Financial Reporting Directions, Australian Accounting Standards and other mandatory professional reporting requirements.
We further state that, in our opinion, the information set out in the Comprehensive Operating Statement, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes forming part of the financial report, presents fairly the financial transactions during the year ended 30 June 2014 and financial position of the department as at 30 June 2014.
We are not aware of any circumstance which would render any particulars included in the financial statements to be misleading or inaccurate.
We authorise the attached financial report for issue on the 4 September 2014.
Howard Ronaldson Jim Strilakos Secretary Chief Finance Officer
Department of State Development, Department of State Development, Business and Innovation Business and Innovation
Melbourne Melbourne 4 September 2014 4 September 2014
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AUDITOR-GENERAL’S REPORT
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04 APPENDICES
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CONTENTSAppendix 1 Disclosure index 118
Appendix 2 Administrative structure of the department 120
Appendix 3 Departmental objectives, indicators and progress 120
Appendix 4 Output groups 123
Appendix 5 Financial review of operations and financial conditions 129
Appendix 6 Grants and related assistance 130
Appendix 7 Consultancies 163
Appendix 8 Budget portfolio outcomes 163
Appendix 9 Workforce information 169
Appendix 10 Human resource management 172
Appendix 11 Human Rights and Responsibilities Charter 176
Appendix 12 International Victorian Government Business Offices 177
Appendix 13 Implementation of the Victorian Industry Participation Policy 193
Appendix 14 Office-based environmental impacts 194
Appendix 15 Legislation administered by the Department of State Development, Business and Innovation 201
Appendix 16 Freedom of Information 203
Appendix 17 Compliance and Attestations 203
> Compliance with the Building Act 1993
> Compliance with DataVic Access Policy
> Compliance with the Disability Act 2006
> Compliance with National Competition Policy
> Compliance with the Protected Disclosure Act 2012
> Declaration of Major Contracts
> Declaration of Pecuniary Interest
> Attestation for compliance with the Ministerial Direction 4.5.5.1 – Insurance
> Attestation for compliance with the Australian/New Zealand Risk Management Standard
Appendix 18 Summary of additional departmental information available upon request 206
Appendix 19 Contact details 207
Appendix 20 Departmental acronyms 210
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The annual report of the department is prepared in accordance with all relevant Victorian legislations and pronouncements. This index has been prepared to facilitate identification of the department’s compliance with statutory disclosure requirements.
Legislation Disclosure required Page
MINISTERIAL DIRECTIONS
REPORT OF OPERATIONS – FINANCIAL REPORTING DIRECTION (FRD) GUIDANCE
Charter and purpose
FRD 22E Manner of establishment and the relevant Ministers 5-7
FRD 22E Objectives, functions, powers and duties 45
FRD 22E Nature and range of services provided 5
Management and structure
FRD 22E Organisational structure 6-7
Financial and other information
FRD 8B Budget portfolio outcomes 163-168
FRD 10 Disclosure index 118-119
FRD 12A Disclosure of major contracts 205
FRD 15B Executive Officer disclosures 170
FRD 22E, SD 4.2(k)
Operational and budgetary objectives and performance against objectives123-128
FRD 22E Employment and conduct principles 174
FRD 22E Occupational health and safety policy 172-174
FRD 22E Summary of the financial results for the year 129
FRD 22E Significant changes in financial position during the year 168
FRD 22E Major changes or factors affecting performance 5
FRD 22E Subsequent events n/a
FRD 22E Application and operation of the Freedom of Information Act 1982 203
FRD 22E Compliance with building and maintenance provisions of the Building Act 1993 203
FRD 22E Statement on National Competition Policy 204
FRD 22E Application and operation of the Protected Disclosure Act 2012 204
FRD 22E Application and operation of the Carers Recognition Act 2012 176
FRD 22E Details of consultancies over $10,000 163
FRD 22E Details of consultancies under $10,000 163
FRD 22E Statement of availability of other information 206
FRD 24C Reporting of office-based environmental data 194-200
FRD 25B Victorian Industry Participation Policy disclosures 193
FRD 29 Workforce data disclosures 169-171
SD 4.5.5 Risk management compliance attestation 205
SD 4.5.5.1 Ministerial Standing Direction 4.5.5.1 compliance attestation 205
SD 4.2(g) Specific information requirements 3-33
SD 4.2(j) Sign-off requirements 4
APPENDIX 1 DISCLOSURE INDEX
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Legislation Disclosure required Page
FINANCIAL REPORT
Financial statements required under Part 7 of the Financial Management Act 1994
SD4.2(a) Statement of changes in equity 39
SD4.2(b) Operating statement 37
SD4.2(b) Balance sheet 38
SD4.2(b) Cash flow statement 40, 98
Other requirements under Standing Directions 4.2
SD4.2(c) Compliance with Australian accounting standards and other authoritative pronouncements 41
SD4.2(c) Compliance with Ministerial Directions 113
SD4.2(d) Rounding of amounts 42
SD4.2(c) Accountable officer’s declaration 113
SD4.2(f) Compliance with Model Financial Report 41
Other disclosures as required by FRDs in notes to the financial statements
FRD 9A Departmental disclosure of administered assets and liabilities by activity 66-67
FRD 11A Disclosure of ex-gratia expenses 100
FRD 13 Disclosure of parliamentary appropriations 100
FRD 17B Wage inflation and discount rates for employee benefits 56, 83
FRD 21B Disclosures of responsible persons, executive officers and other personnel (contractors with significant management responsibilities) in the financial report 106-107
FRD 26A Accounting for Vic-Fleet motor vehicle lease arrangements on or after 1 February 2004 85
FRD 102 Inventories 71
FRD 103E Non-current physical assets 73-78
FRD 104 Foreign currency 57
FRD 105A Borrowing costs 55, 82
FRD 106 Impairment of assets 49
FRD 109 Intangible assets 81
FRD 110 Cash flow statement 40, 98
FRD 112D Defined benefit superannuation obligations 84
FRD 113 Investments in subsidiaries, jointly controlled entities and associates 80
FRD 114A Financial instruments – General Government entities and public non-financial corporations 88-97
FRD 119A Transfers through contributed capital 39
FRD 120H Accounting and reporting pronouncements applicable to 2013-14 reporting period 58-59
LEGISLATION
Building Act 1983 203
Carers Recognition Act 2012 176
Charter of Human Rights and Responsibilities Act 2006 176
Disability Act 2006 203
Financial Management Act 1994 41
Freedom of Information Act 1982 203
Multicultural Victoria Act 2011 175
Protected Disclosure Act 2012 204-205
Public Administration Act 2004 5, 174
Victorian Industry Participation Policy Act 2003 193
Other legislation administered by the department 201-203
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PROMOTE VICTORIA TO ATTRACT TOURISTS, INVESTORS AND STUDENTS
The indicator for this objective is ‘tourists, investors and students attracted’.
In 2013-14, the department:
> implemented a campaign to support the Open Up to More – Melbourne Campaign, as part of Victoria’s China Tourism Strategy to attract Chinese visitors to the state
> continued to implement the Play Melbourne domestic marketing campaign in key interstate markets
> released Victoria’s 2020 Tourism Strategy and Victoria’s Regional Tourism Strategy 2013-2016
> developed the 2013-2016 Regional Tourism Partnership Program
> developed a cooperative marketing campaign with the National Gallery of Victoria (NGV) and Australian Centre for Moving Image (ACMI) to promote the 2013 Melbourne Winter Masterpieces. A total of 27 per cent of attendees at Monet’s Garden (staged at NGV) and the Hollywood Costumes Exhibition (staged at ACMI) were visitors from outside the state
> participated in Tourism Australia’s global Restaurant Australia Campaign.
International visitor expenditure in Victoria for the year ending March 2014 (latest available data) grew to $4.8 billion compared to $4.5 billion in 2012-13, with strong growth from most key markets such as China.
Regional Victoria experienced an increase in domestic visitor expenditure to $7.2 billion in 2013-14 from $7 billion in 2012-13. Victoria experienced growth in the number of domestic overnight visitors to 19.1 million in 2013-14 from 17.8 million visitors in 2012-13.
Victoria has met its target of attracting 28 per cent of international students to Australia. In October 2013, the Government released the IES which outlines an integrated approach to supporting Victorian providers so they are best positioned to maintain market share into the longer term.
The administrative structure of the department as at 30 June 2014 is represented on pages 6-7 of this report. A current version is also available at the department’s website at dsdbi.vic.gov.au
APPENDIX 3 DEPARTMENTAL OBJECTIVES, INDICATORS AND PROGRESS
As outlined in the 2013-14 Budget Paper No. 3 Service Delivery, the department’s objectives, indicators and progress on those indicators are outlined below.
ASSIST BUSINESSES IN ACCESSING SKILLED WORKERS TO ALIGN WITH VICTORIA’S INDUSTRY NEEDS
The indicator for this objective is ‘business skills needs assisted’.
The department’s Business Engagement Model underpins the way DSDBI interacts with industry.
Through this model, the department develops close working relationships with individual businesses to enable the Government to better target support and tailor responses to the specific needs of businesses. This includes training and re-training issues, labour market issues such as employee relations, labour shortages, skilled migration, workforce development, redundancy/retrenchment and a range of skills-based programs and services.
In 2013-14, the department:
> assisted 1,300 businesses with skills needs, exceeding the target of 1,200 businesses
> achieved 73 per cent of state sponsored skilled migrants working in their nominated field, exceeding the 70 per cent target
> reduced the average processing time for state sponsorship of skilled migration applications to 17 days, well below the target of 28 days
> met its annual target of 85 per cent client satisfaction with migration services provided.
APPENDIX 2 ADMINISTRATIVE STRUCTURE OF THE DEPARTMENT
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The department also met its target of four international marketing campaigns, with Victoria Week events held in the UK, Dubai and Mumbai and China to promote the state’s trade and investment opportunities.
SUPPORT ORGANISATIONS TO BOOST THEIR PRODUCTIVITY THROUGH INNOVATION
The indicator for this objective is ‘collaborations assisted’.
During 2013-14, the department launched several programs that directly contributed to this objective, including:
> Driving Business Innovation Program – links Victorian businesses with opportunities to develop innovative products and services for the Victorian public sector
> eServices Register – a new gateway that provides a simplified process for Victorian ICT companies bidding for government work, and allows the Government to make more informed purchasing decisions from a greater range of suppliers as well as monitor the range and scope of eServices engagements
> the $12 million Technology Innovation Fund – supports collaborative projects that harnessed new technologies and transformed government service delivery, while responding to changing citizen expectations and improving productivity in the public sector.
In 2013-14, the department:
> provided 297 businesses with R&D assistance, exceeding its target of 180 businesses
> linked 691 companies to business networks, exceeding its target of 300 businesses.
The Government’s IVP and MPN Grants programs have been the main contributors to this indicator. The IVP improves the capacity of Victorian SMEs to innovate in order to achieve greater productivity and competitiveness. In 2013-14, 154 vouchers were awarded to assist companies to develop new products, processes and services through access to R&D services and improved innovation skills. The MPN Program encourages SMEs to cooperate in strategic areas of business and exploit opportunities
beyond the reach of each individual business. Over the year the program executed grants worth a total value of $1.7 million to 18 networks and 316 businesses.
Film Victoria also supported this objective indicator and significantly exceeded its 2013-14 targets, supporting increased film, television and digital media productions worth $183 million, well above the annual target of $75 million. These productions provided additional employment of 8,339 jobs, compared to a target of 2,100 jobs.
PROVIDE MARKET INTELLIGENCE AND ASSISTANCE TO ORGANISATIONS TO MAKE IT EASY TO INVEST IN VICTORIA
The indicators for this objective are ‘investment facilitated’ and ‘jobs derived’.
Attracting investment drives job creation, technology uptake, skill and product development and capital growth – all of which are important contributors to the state’s economic strength. To secure investment, the department provides a range of facilitation services, such as specialist advice and assistance with development approvals, site identification services, and advice on infrastructure and utility provision.
In 2013-14 the department exceeded its targets for jobs and investment facilitated. The department attracted $2.6 billion in capital investment compared to $2.2 billion in 2012-13. In 2013-14 it is expected that the capital investment will generate 6,300 jobs compared to 4,737 jobs in 2012-13.
Over $1 billion of the investment in 2013-14 was facilitated from regional Victoria along with 2,910 jobs compared to 1,937 jobs in 2012-13.
Major contributors to the 2013-14 results were investment by the Epworth Hospital, Alstom Australia and the ALDP. Many of these investments were supported by the VGBOs and the regional offices.
Major Projects
The department is responsible for the delivery of complex, technically challenging and unique projects of state significance. In 2013-14 the department was delivering 13 projects with a total state investment of $1.6 billion and a
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BVO significantly exceeded expectations with nearly 1.2 million interactions compared to 736,000 in 2012-13.
The Office of the Victorian Small Business Commissioner also assists small and medium businesses with dispute resolution and aims to promote a competitive and fair operating environment for Victorian businesses. In 2013-14 the office received a client satisfaction rating of over 90 per cent exceeding its target of 80 per cent. The proportion of business disputes presented to the Commissioner successfully mediated was over 80 per cent in 2013-14 which also exceeded its target of 75 per cent.
cent of the statewide result. A total of 2,910 jobs were created in regional Victoria in 2013-14 which is over 45 per cent of the state total and an increase from 1,937 jobs created in 2012-13.
Projects approved under the Economic Infrastructure and Putting Locals First Programs exceeded their targets for 2013-14, demonstrating the calibre of projects put forward and increased awareness of these programs through effective stakeholder management.
CREATE MORE OPPORTUNITIES FOR VICTORIAN BUSINESSES TO GROW AND BECOME MORE PRODUCTIVE AND COMPETITIVE IN THE GLOBAL MARKETPLACE
The indicators for this objective are ‘exports facilitated’ and ’businesses engaged and assisted’.
The value of exports facilitated and imports replaced grew to $1.9 billion in 2013-14 compared to $1.55 billion in 2012-13 due to strong outcomes from trade missions facilitated by the department in 2013-14, including four STMs (India, China, South-East Asia, the Middle East and Turkey). The number of businesses participating in export programs also increased to 2,839 businesses in 2013-14 from 2,685 in 2012-13.
The department engaged with 13,000 businesses in 2013-14 exceeding the target of 12,000. New organisational arrangements led to an improvement in delivery during the second half of the financial year.
Business engagement builds close working relationships with individual businesses to enable the Government to better target support and tailor responses to the specific needs of businesses to invest, grow and export. The department uses the business intelligence collected from this engagement to work with firms to address enterprise level constraints, and work with other departments and agencies to resolve more systemic issues. This information also informs the department’s advocacy and policy advice in areas of regulation, infrastructure and labour and skills policy.
Business Victoria Online (BVO) supports businesses to save time and money on compliance, solve business problems and develop skills to help them grow. In 2013-14, business interactions through
combined value of approximately $2.2 billion. These included the Melbourne Markets Relocation Project, Melbourne Park Redevelopment, Shrine: Galleries of Remembrance, Parkville Gardens, Kew Residential Services Project and the VEMTC.
The highlights in 2013-14 were the delivery of the VEMTC and the continued progress on the Shrine: Galleries of Remembrance Project ahead of schedule.
MOG changes
As a result of MOG changes, the ‘energy and earth resources’ and ‘regional development and regional cities’ outputs were transferred to the department in 2013-14. These outputs and their measures were aligned with the ‘Provide market intelligence and assistance to organisations to make it easy to invest in Victoria’ objective for the 2013-14 financial year.
Energy and Earth Resources
Significant progress was made under the ALDP in 2013-14. This program funds the development of pre-commercial brown coal technologies to provide high-value energy products from Victoria’s vast coal reserves for both domestic and export markets. The new projects will contribute $346 million to the ‘new investments facilitated in regional Victoria’ measure.
During the 2013-14 year, the department held 24 stakeholder forums and community engagement sessions compared to the target of 15 under the ‘delivery of stakeholder engagement information forums’ output measure as part of the Clean Coal Victoria work program. The increased number of sessions was to engage the community and provide more information about the possible future development of onshore natural gas including coal seam gas.
During 2013-14, the department’s corporate objectives and performance measures structure was reviewed to reflect the work under the energy and resources output.
Regional Development and Regional Cities
RDV continues to implement the $1 billion RGF to drive investment and jobs in regional Victoria. In 2013-14 regional Victoria generated over $1 billion of new investment, representing more than 40 per
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As a result of MOG changes in April 2013:
> the ‘Energy and Resources’ and ‘Regional Development and Regional Cities’ outputs and output measures have been incorporated into the department’s output structure for 2013-14 and are reported against in the table below
> a performance measure relating to WoVG ICT has been incorporated into the department’s output structure for 2013-14 and is reported against in the table below
> a performance measure relating to industrial relations has been transferred to DTF.
Note: The output costs below include Tourism Victoria and Film Victoria, and will not match with Note 2 of the Financial Statements which relate to the operations of the department only.
Output Group Performance Indicator Unit of Measure 2013-14 Target 2013-14 Actual
EMPLOYMENT
Quantity Businesses assisted with skills needs number 1,200 1,300
Higher than anticipated demand due to the announced closure of car makers in Victoria
Government Youth Employment Scheme (YES) – traineeships commenced
number 450 412
There was slightly lower than anticipated placement of YES trainees in some departments for a range of reasons including the availability of supervisors and organisational changes. Unused funds will be re-applied to future years to support additional trainees
Quality Proportion of skilled migrants working in nominated field per cent 70 73
Skilled Migration Victoria – client satisfaction with services provided per cent 85 85
Timeliness Skilled Migration Victoria – average processing time for state sponsorship applications working days 28 17
Applications are being processed faster due to efficiencies with information and communication technologies
Cost Total output cost $ million 15.3 11.1
The underspend in the Employment Output is primarily due to changes in the timing of payments across a number of initiatives but mainly the newer programs of Employment Start Up and Victorian Employment Solutions
TOURISM AND MARKETING
Quantity International marketing campaigns to position Victoria globally number 4 4
Number of visitors: domestic overnight number (million) 18.3 19.1
Number of visitors: international number (million) 1.9 2.0
Victoria had a higher number of visitors than anticipated from key markets such as China
Proportion of all international students studying in Victoria per cent 28 28.4
Visitor Expenditure: domestic $ billion 15 15.1
Visitor Expenditure: international $ billion 4.6 4.8
Visitor Expenditure: regional Victoria (domestic) $ billion 7.1 7.2
Visitor Expenditure: regional Victoria (international) $ million 370 316
This reduction primarily relates to a fall in expenditure from traditional western markets. Growing visitation to Victoria is from the eastern hemisphere markets who do not typically disperse into regional Victoria
APPENDIX 4 OUTPUT GROUPS
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Output Group Performance Indicator Unit of Measure 2013-14 Target 2013-14 Actual
TOURISM AND MARKETING CONT.
Quality Value of media coverage generated: domestic $ million 20 21
Higher value than anticipated due to the online campaign RCT, and high-value television coverage including Paddock to Plate, Coast Australia, Sunrise and Today Show
Value of media coverage generated: International $ million 40 56.8
Higher value than anticipated due to the online campaign RCT and one-off, high-value broadcast opportunities in Korea, UK and Japan
Victoria’s share of domestics tourism advertising awareness among target markets: intrastate
per cent 16 16.6
Victoria’s share of domestics tourism advertising awareness among target markets: interstate
per cent 25 25
Cost Total output cost $ million 82.7 159.9
Higher than budget expenditure reflects funding received for major events activities such as Formula 1 Australian Grand Prix, Australian Open, theatre productions and other major events that were not included in the Tourism and Marketing Outputs published budget
INNOVATION AND TECHNOLOGY
Quantity Additional employment from production supported by Film Victoria number 2,100 8,339
Victorian producers secured finance for a greater number of projects than anticipated, enabling Film Victoria to support increased production and employment
Average number of monthly visits to vic.gov.au number 300,000 245,849
The lower than expected result reflects the removal of duplicate content which is now available on other government sites
Businesses provided with R&D assistance number 180 297
Greater than anticipated uptake of assistance primarily as a result of the Innovation and Technology Voucher Program
Companies linked to business networks number 300 691
Higher than anticipated due to the MPN Grants and the Innovation and Technology Voucher Program
Operational Infrastructure Support grants under management number 12 12
Value of film, television and digital media production supported by Film Victoria production
$ million 75 183.01
Victorian producers secured finance for a greater number of projects than anticipated, enabling Film Victoria to support increased production
Establishment or renewal of WoVG ICT contracts number 7 10
The number of government ICT contracts renegotiated was higher than expected, including software licensing and reseller arrangements
Quality Customer satisfaction with information services from Information Victoria
per cent 90 88.4
Cost Total output cost $ million 181.5 184.7
INVESTMENT ATTRACTION, FACILITATION AND MAJOR PROJECTS
Quantity Jobs derived from investment facilitated number 4,250 6,301
Higher than anticipated due to a number of employment intensive facilitated investment projects, including in regional Victoria
Jobs derived from investment facilitated in regional Victoria number 800 2,910
Additional programs were facilitated through the Victorian Business Flood Recovery Fund and the Latrobe Valley Infrastructure and Industry Fund
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Output Group Performance Indicator Unit of Measure 2013-14 Target 2013-14 Actual
INVESTMENT ATTRACTION, FACILITATION AND MAJOR PROJECTS CONT.
New investments facilitated $ million 2,000 2,604
Higher than anticipated investments facilitated including high-value capital intensive projects relating to the health, transport and energy sectors
New investment facilitated in regional Victoria $ million 660 1,094
Higher than anticipated investments facilitated in regional Victoria, including two high-value capital intensive projects relating to the health and transport sectors
Number of major research and evaluation projects completed number 6 6
Quality Management of Major Projects Victoria projects complies with contracted scope*
* Assessment of performance for this measure reflects whether there has been any material variation to contracted scope from the start to the end of the financial year
number 6:6 4:6
Four out of six projects had minimal or no variation to contracted scope. Two projects had material variations to scope, both of which were agreed with the client. The contracted scope for the Melbourne Park Redevelopment - Western Precinct (stage one) has increased for works that have been requested and funded primarily by Melbourne and Olympic Parks Trust and Tennis Australia. The contracted scope for the Kew Residential Services Project was varied to exclude the Heritage Core site. The Heritage Core site will be returned to the state to undertake any further development
Management of Major Projects Victoria projects complies with contracted cost*
* Assessment of performance for this measure reflects any contracted cost variation greater than 5 per cent for projects from the start to the end of the financial year. A variance can occur if a project is delivered under or over budget
number 6:6 3:6
Three out of six projects had minimal or no variation to contracted cost. Three projects varied against contracted cost by five per cent or more. The contracted cost for the Shrine: Galleries of Remembrance has been reduced because some items included in the contract were not required. The contracted cost for the Melbourne Park Redevelopment - Western Precinct (stage one) has increased for works that have been requested and funded primarily by Melbourne and Olympic Parks Trust and Tennis Australia. Scope changes for the Kew Residential Services Project in 2012-13 and 2013-14 led to additional payments to be received by the state of $4.85 million and $4.3 million, primarily relating to development changes.
Melbourne Markets Relocation Project complies with scope, budget and time
number 3:3 3:3
Timeliness Management of Major Projects complies with contracted time*
* Assessment of performance for this measure reflects any contracted time variation greater than 5 per cent for projects from the start to the end of the financial year. A variance can occur if a project is delivered early or late
number 6:6 4:6
Four out of six projects had minimal or variation to contracted time. Two projects varied contracted time by five per cent or more. The contracted completion date for the Shrine: Galleries of Remembrance was varied by being brought forward by 12 weeks, with the agreement of the client. The contracted timelines for the VEMTC Project were extended to the end of March 2014 to allow time for critical safety approvals and the purchase of critical fire training equipment. This extension did not cause any delay to the opening of the facility in June 2014
Cost Total Output Cost $ million 301.4 234.5
The underspend in the Investment Attraction, Facilitation and Major Projects Output is primarily due to a change in the timing of payments for the Investment Support Program and sales for the Kew Residential Services Redevelopment Project being extended into 2014-15. The costs associated with the sales will be incurred against this output in 2014-15
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Output Group Performance Indicator Unit of Measure 2013-14 Target 2013-14 Actual
TRADE AND EXPORT FACILITATION
Quantity Businesses participating in export programs number 2,400 2,839
Strong participation due to increased inbound and outbound missions
Value of exports facilitated and imports replaced $ million 1,500 1,909
Strong export outcomes were reported by companies participating in export activities
New exports facilitated in regional Victoria $ million 225 348
A number of investment projects facilitated had significant export outcomes
Quality Client satisfaction with export assistance offered per cent 85 97
A high-level of satisfaction was reported with both the services provided by the department and the outcomes from program participation
Cost Total output cost $ million 34.1 32.8
SMALL BUSINESS ASSISTANCE
Quantity Number of business interactions with services provided by BVO number 750,000 1,199,854
Increased demand and search engine improvements to a responsive format made available on all devices
Number of businesses engaged with the department number 12,000 13,000
Contracting out of service provision resulted in a higher level of business engagement
Subscriptions to Small Business Victoria Update number 60,000 67,881
Growth in social media subscribers was higher than anticipated
Quality Client satisfaction of small business information, referral, mentoring service and business programs
per cent 90 87
Client satisfaction with Victorian Small Business Commissioner mediation service per cent 80 93.6
The high-level of client satisfaction achieved recognises the Victorian Small Business Commissioner’s high-quality, low-cost and timely dispute resolution process
Proportion of business disputes presented to the Victorian Small Business Commissioner successfully mediated
per cent 75 82.7
Mediation success rates vary due to the nature of the dispute mediated and are difficult to predict
Cost Total output cost
The underspend in the Small Business Assistance Output is primarily due to changes in the timing of payments across a number of initiatives but mainly the Building Innovative Small Manufacturers and Success Map for Small Business Programs
$ million 32.6 28.7
REGIONAL DEVELOPMENT AND REGIONAL CITIES
Quantity Economic development, service delivery and community capacity projects funded
number 140 162
Higher than anticipated levels of demand largely due to increased awareness of RGF Programs, greater stakeholder engagement, and the successful development of investment proposals by experienced project proponents
Energy for the Regions Program: number of towns included number 8 1
One agreement was reached in 2013-14. The remaining seven towns were still subject to a tender process at the end of the financial year
Regional infrastructure projects approved by Minister number 100 166
Greater than expected level of interest due to increased awareness of RGF Programs, greater stakeholder engagement, and the successful development of investment proposals by experienced project proponents
Rural councils participating in Rural Councils Victoria network per cent 100 100
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 127
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Output Group Performance Indicator Unit of Measure 2013-14 Target 2013-14 Actual
REGIONAL DEVELOPMENT AND REGIONAL CITIES CONT.
Quality Participant satisfaction with implementation of RDV programs per cent 80 80
Putting Locals First RGF projects recommended by Regional Development Committees approved for funding
per cent 85 100
The projects recommended by Regional Development Committees were of a high quality and resulted in an increase in the number of projects approved for funding
Regional councils participating at the Regional Victoria Living Expo per cent 80 100
Strong support of this event by local government in regional Victoria
Coordination and implementation of action within agreed performance targets: Transport Connections initiative
per cent 100 100
Timeliness Grants paid within the timeframe specified within the terms and conditions of the funding agreement: Local Government Infrastructure Program
per cent 75 87.5
A higher number of councils reported within agreed timelines
Cost Total output cost $ million 222.5 202.6
The underspend in the Regional Development and Regional Cities Output is primarily due to changes in the timing of payments associated with the RGF
ENERGY AND RESOURCES
Quantity Delivery of key milestones for PBSP per cent 100 100
Delivery of AMI Program in line with planned project milestones per cent 100 100
Exercise strategies for maintaining security of electricity and gas supply
number 4 8
Additional exercises were scheduled in the lead up to summer
Earth resource information packages released to industry covering the promotion of new geological data and regulatory guidance material
number 8 8
Major strategic policy briefings to government number 6 6
Delivery of stakeholder engagement information forums as part of the Clean Coal Victoria work program
number 15 24
An increased number of community engagement sessions were held in relation to onshore natural gas
Meetings of the AMI Ministerial Advisory Council conducted in accordance with terms of reference and strategic agenda
number 4 4
Strategic policy briefings on energy matters to portfolio minister number 180 178
Audits completed at mineral and petroleum sites on specific high-risk issues
number 100 132
An additional program of high-risk audits was undertaken in conjunction with the Victorian Environment Protection Agency
Environmental and compliance audits of critical minerals and petroleum sites completed
number 60 60
Minerals and petroleum licences, permits and authorities administered by the department
number 1,700 1,636
Technical Review Board to complete the review of stability reports for LaTrobe Valley coal mines
number 3 3
Quality Proportion of minerals and petroleum publications and packages requiring post-release correction or recall
per cent < 5 0
Exploration and mining licences which are not active per cent < 17.5 15
Number of mine stability audits number 3 3
128 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
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Output Group Performance Indicator Unit of Measure 2013-14 Target 2013-14 Actual
ENERGY AND RESOURCES CONT.
Timeliness Delivery of milestones facilitated in line with grant agreements for the brown coal R&D grants that form part of the Energy Technology Innovation Strategy (ETIS) initiative
per cent 100 100
Delivery of key milestones in line with Facilitating Low Emission Transition approved project plan
per cent 100 100
Facilitate delivery of milestones in line with grant agreements for the large scale Carbon Capture and Storage demonstration program
per cent 100 0
No grant agreements were in place because the feasibility phase of the CarbonNet Project was not completed. The scope of the future work program will be determined going forward
Facilitate delivery of milestones in line with grant agreements for ETIS Sustainable Energy programs
per cent 100 90
One sustainable energy project has experienced financing difficulties
Submissions to Environment Effects Statements (EES) for earth resource proposals completed according to EES panel timelines
per cent 100 100
Facilitate delivery of milestones for the feasibility stage of CarbonNet Project per cent 100 41.2
The change in the Federal Government resulted in a delay in the release of acreage by the Commonwealth and a delay in completing technical work packages
Facilitate delivery of the implementation plan of the CarbonNet geoscience evaluation program by 2014
per cent 100 50
The Appraisal Plan for the project requires further technical work based on advice from an independent expert
Facilitate delivery of milestones in line with grant agreements under ALDP per cent 100 100
Facilitate delivery of milestones in line with grant agreements under the Low Emission Energy Technologies (LEET) Program
per cent 100 0
No grant agreements have been executed for this program in 2013-14 reflecting the limited basis for new energy technology projects at this time
Minerals and petroleum exploration license applications not determined after three months
per cent < 5 5
Minor delays were due to migration of licence applications to a new database
Mining industry workplans not processed in one month per cent < 5 8
The processing delays were due to two complex industry workplans out of a total of 25
Mining licence applications not determined after four months per cent < 5 0
Earth resource geoscience data packages released to market in line with agreed timetables
per cent > 95 100
Cost Total output cost $ million 188.4 96.5
The underspend in the Energy and Resources Output reflects changes in the timing of payments particularly for the PBSP, CarbonNet and Energy Technology Innovation Strategy
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 129
04 APPENDICES
APPENDIX 5 FINANCIAL REVIEW OF OPERATIONS AND FINANCIAL CONDITIONS
FIVE-YEAR FINANCIAL SUMMARY
2014 2013 2012 2011 2010
$’000 $’000 $’000 $’000 $’000
Revenue from Government 796,231 521,627 523,481 1,279,454 2,035,040
Total income from transactions 940,987 620,892 557,513 1,383,093 2,119,412
Total expenses from transactions (902,141) (606,088) (574,109) (1,389,807) (2,086,992)
Net result from transactions 38,846 14,804 (16,596) (6,714) 32,420
Net result for the period 33,924 11,010 (24,315) (7,557) 24,816
Net cashflow from operating activities 63,013 30,692 (14,166) (33,911) 20,061
Total assets 1,194,330 815,139 682,247 558,578 805,195
Total liabilities 138,856 84,749 71,224 69,027 152,082
Financial performance
The department’s net result from transactions in 2014 was a surplus of $38.8 million compared with a surplus of $14.8 million in 2013. The surplus in 2014 is largely due to timing differences relating to trust income received in the year but the associated expenditure is planned for the following year.
Total income from transactions increased by $320.1 million from the prior year as a result of the incoming RDV and Energy and Earth Resources functions. In addition, there were increased sales for the Kew Residential Services Project and trust income.
Total expenses from transactions increased by $296.1 million from the prior year as a result of the incoming portfolios mentioned above. Consistent with the increase in revenue, for the Kew Residential Services Project there was an increase in the cost of sales.
Total assets increased by $379.2 million mainly due to an increase in cash deposits associated with the RGF that came across with the RDV functions. There was also an increase in property, plant and equipment, land acquisitions and expenditure on the Melbourne Markets Relocation Project.
Total liabilities increased by $54.1 million mainly due to an increase in trade creditors and employee entitlements, reflecting the larger size of the department.
130 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
APPENDIX 6 GRANTS AND RELATED ASSISTANCE
As in previous years, the department has provided assistance to companies and organisations. Financial assistance provided in 2013-14 was as follows:
INVESTMENT AND INDUSTRY-RELATED GRANTS
The department’s investment attraction activities include facilitative and financial assistance. In 2013-14, financial assistance of $44.5 million was granted to the companies and organisations listed below.
Note: Details of individual investment grant payments have not been disclosed, as they are deemed commercial-in-confidence.
AEROSPACE AUSTRALIA LIMITED
AIRSTEP AUSTRALIA PTY LTD
AL-KO INTERNATIONAL PTY LIMITED
ALCOA OF AUSTRALIA LIMITED
AUSTRALIAN FURNITURE ASSOCIATION INC
BRUCK TEXTILE TECHNOLOGIES PTY LTD
BRUCK TEXTILES PTY LTD
COTTON ON CLOTHING PTY LTD
CSL LIMITED
DANONE MURRAY GOULBURN PTY LIMITED
DEPARTMENT OF INDUSTRY INNOVATION SCIENCE RESEARCH AND TERTIARY EDUCATION VICTORIA
FILM VICTORIA
FONTERRA AUSTRALIA PTY LTD
FORD MOTOR COMPANY OF AUSTRALIA LIMITED
GEORGE WESTON FOODS LTD
HELLA AUSTRALIA PTY LTD
HOFMANN ENGINEERING PTY LTD
IBM AUSTRALIA LTD
INTERACTIVE PTY LIMITED
LUMA PICTURES PTY LTD
MELBOURNE FOOD & WINE EVENTS LTD
METCASH TRADING LIMITED
NATIONAL ICT AUSTRALIA LTD
NESTLE AUSTRALIA LIMITED
NINE MILE FRESH PTY LTD
PARWAN VALLEY MUSHROOMS PTY LTD
QENOS PTY LTD
SHINE (AUST) PTY LTD
SILVERSTRIPE AUSTRALIA PTY LTD
SPC ARDMONA LIMITED
THALES AUSTRALIA LIMITED
THE ROYAL AGRICULTURAL SOCIETY OF VICTORIA LIMITED
THE SILVER LINING CONSULTING GROUP PTY LTD
TIGER AIRWAYS AUSTRALIA PTY LIMITED
TOYOTA MOTOR CORPORATION AUSTRALIA LTD
UNIVERSITY OF BALLARAT
UNIVERSITY OF MELBOURNE
VISTAPRINT AUSTRALIA PTY LTD
WAGSTAFF CRANBOURNE PTY LTD
WESTPAC BANKING CORPORATION
WINE AUSTRALIA CORPORATION
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 131
04 APPENDICES
ENERGY AND EARTH RESOURCES GRANTS
Grant payments totalling $7.1 million were made to companies and organisations in 2013-14 under the department’s ETIS Future Energy 2 Sustainable Energy, LEET and Solar Systems Stage 2 grants. These grants are detailed below.
ETIS FUTURE ENERGY 2 SUSTAINABLE ENERGY
BIOPOWER SYSTEMS PTY LTD $722,639
CETUS ENERGY PTY LTD $167,958
CO2CRC LIMITED $250,000
HOT DRY ROCKS PTY LTD $10,000
MACH SYSTEMS PTY LTD $60,000
MIL-SYSTEMS PTY LTD $285,000
MONASH UNIVERSITY $143,431
RAYGEN RESOURCES PTY LTD $250,000
SPECIALTY COATINGS (AUST) PTY LTD $400,000
UNIVERSITY OF MELBOURNE $1,302,518
TOTAL $3,591,546
LEET
BROWN COAL INNOVATION AUSTRALIA LIMITED $550,000
TOTAL $550,000
SOLAR SYSTEMS STAGE 2
SOLAR SYSTEMS PTY LTD $3,000,000
TOTAL $3,000,000
INNOVATION SERVICES, SMALL BUSINESS AND TECHNOLOGY GRANTS
Grant payments totalling $59.3 million were made to companies and organisations in 2013-14 under the department’s various innovation services, small business and technology programs. These grants are detailed below.
AGENDA FOR NEW MANUFACTURING
MELBOURNE CITY COUNCIL $75,000
VCAMM LIMITED $900,000
TOTAL $975,000
AWARENESS - SCIENCE AND COMMUNITY
AUSTRALIAN SCIENCE MEDIA CENTRE INC $33,000
VESKI $336,000
TOTAL $369,000
BUSINESS DEVELOPMENT PROGRAM - GROW YOUR BUSINESS
2SL PTY LTD $11,500
AIRPORT DOORS $10,000
AQUEOUS SOLUTIONS PTY LTD $11,500
ASSETIC AUSTRALIA PROPRIETARY LIMITED $7,500
AUSFORK PTY LTD $7,500
AUSTRALIAN EATWELL PTY LTD $7,500
AUSTRALIAN FINE FOODS PTY LTD $4,000
AUSTRALIAN FOOD INDUSTRIES PTY LTD $3,900
AUSTRALIAN FRESH LEAF HERBS PTY LTD $3,750
AUSTRALIAN GRAIN SYSTEMS PTY LTD $4,000
AUSTRALIAN WASTE MANAGEMENT PTY LTD $11,450
BIBER FOODS GROUP PTY LTD $4,000
BIRK SOLUTIONS PTY LTD $11,500
BOOSEY CREEK CHEESE PTY LTD $10,475
BREAZE ENTERPRISES PTY LTD $3,750
BRIMBANK CITY COUNCIL $15,000
BRUNTON ENGINEERING & CONSTRUCTION PTY LTD $3,675
BUSY BEE BRUSHWARE PTY LTD $2,100
BUTTERFLY INTERNET PTY LTD $11,114
CADOPEN PTY LIMITED $11,500
CITY OF WHITTLESEA $13,500
CLOYNE HOLDINGS PTY LTD $10,223
COMPLETE WORKWEAR SERVICES PTY LTD $7,500
COULSON TILES PTY LTD $4,000
CRAWFORD CONTAINERS PTY LTD $7,500
DAL ZOTTO WINES PTY LTD $3,000
EARTH SYSTEMS CONSULTING PTY LTD $7,500
EDDINGTON ENGINEERING PTY LTD $11,250
GRAMPIANS TOURISM BOARD INC $4,500
GREATER BENDIGO CITY COUNCIL $13,500
GRIGSBY'S FOUNDRY PTY LTD $11,500
HAND ON INDUSTRIES PTY LTD $4,000
HELDON PRODUCTS AUSTRALIA PTY LTD $11,500
HOBSONS BAY CITY COUNCIL $15,000
HUME CITY COUNCIL $22,500
INDUSTRIAL BRUSHWARE PTY LTD $11,500
J V ORCHARDS PTY LTD $11,438
JOHN B MASSON & ASSOCIATES PTY LTD $7,500
KINGSTON CITY COUNCIL $10,500
KJ INNOVATIONS PTY LTD & RJ INNOVATIONS PTY LTD $11,500
132 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
BUSINESS DEVELOPMENT PROGRAM - GROW YOUR BUSINESS CONT.
KLT CONSULTING PTY LTD $4,000
KLUWELL PUBLICATIONS PTY LTD $11,500
KNOX CITY COUNCIL $15,000
LANEY CONSTRUCTIONS PTY LTD $3,975
LATROBE CITY COUNCIL $7,500
M N & L M PETERSON $10,525
MEDIATEN EUROPE CO PTY LTD $8,750
MELBOURNE CPAP SERVICES PTY LTD $3,750
MELTON CITY COUNCIL $10,500
MILDURA DEVELOPMENT CORPORATION INC $5,740
MILLS GLASS PTY LTD $4,000
MOONEE VALLEY CITY COUNCIL $15,000
MORELAND CITY COUNCIL $13,500
MORGAN TECHNICAL CERAMICS AUSTRALIA PTY LIMITED $7,500
MUM'S CHIPS COMPANY PTY LTD $7,500
NATURE LINKS LANDSCAPE MANAGEMENT PTY LTD $4,000
NETEC INDUSTRIES PTY LTD $7,500
NILLUMBIK SHIRE COUNCIL $13,500
NWO GROUP PTY LTD $4,000
OMEGA SECURITY SOLUTIONS $4,000
PLANT PERFORMANCE GROUP PTY LTD $7,500
PNEUVAY ENGINEERING PTY LTD $11,500
R F INDUSTRIES PTY LTD $11,500
RUSBRO HOLDINGS PTY LIMITED $3,975
SELECTRIX INDUSTRIES PTY LTD $11,500
SHAKANDA AUSTRALIA PTY LTD $11,500
SHAPE SHOPFITTERS PTY LTD $4,000
SHARAMUDDI PTY LTD $3,750
SHEOAK TRADING PTY LTD $11,500
SMARTECH DOOR SYSTEMS PTY LTD $4,000
SOUTHERN CROSS RECYCLING GROUP PTY LTD $7,500
SOUTHERN PROCESSING PTY LTD $12,000
SOUTHERN SPREADERS PTY LTD $4,000
SPARKZ INVESTMENTS PTY LTD $3,750
SWANBUILD PTY LTD $7,500
SYNETEK SYSTEMS PTY LTD $11,250
TECWEIGH PTY LTD $7,500
TRI-TECH CHEMICAL CO PTY LTD $11,000
UNIFRAX AUSTRALIA PTY LTD $7,500
UNITED STAR RESOURCE PTY LTD $11,250
BUSINESS DEVELOPMENT PROGRAM - GROW YOUR BUSINESS CONT.
VANLITE PTY LTD $7,500
VICTORIA UNIVERSITY $9,000
WASTE WISE ENVIRONMENTAL PTY LTD $11,500
WATERSHED COMMERCIAL ROOFING PTY LTD $3,000
WATTLE ORGANIC FARMS PTY LTD $5,000
WHITEHORSE CITY COUNCIL $12,000
WICKED WITCH SOFTWARE PTY LTD $6,750
WIMMERA DEVELOPMENT ASSOCIATION INCORPORATED $13,500
WYNCORP PTY LTD $3,636
WYNDHAM CITY COUNCIL $15,000
Y V FRESH PTY LTD $11,500
YARRA CITY COUNCIL $28,500
YARRA RANGES SHIRE COUNCIL $9,000
ZIPTALES PTY LTD $11,500
TOTAL $828,226
BIOMEDICAL RESEARCH
BAKER IDI HEART AND DIABETES INSTITUTE HOLDINGS LIMITED $3,476,606
CENTRE FOR EYE RESEARCH AUSTRALIA LIMITED $1,018,500
LUDWIG INSTITUTE FOR CANCER RESEARCH LTD $1,320,789
MONASH UNIVERSITY $1,131,440
MURDOCH CHILDRENS RESEARCH INSTITUTE $3,283,590
O'BRIEN INSTITUTE $284,711
PRINCE HENRY'S INSTITUTE OF MEDICAL RESEARCH $1,083,163
ST.VINCENT'S INSTITUTE OF MEDICAL RESEARCH $1,540,854
THE BIONICS INSTITUTE OF AUSTRALIA $400,352
THE FLOREY INSTITUTE OF NEUROSCIENCE AND MENTAL HEALTH $3,279,734
THE MACFARLANE BURNET INSTITUTE FOR MEDICAL RESEARCH AND PUBLIC HEALTH LTD $3,398,754
THE WALTER AND ELIZA HALL INSTITUTE OF MEDICAL RESEARCH $5,635,439
TOTAL $25,853,932
BIOTECHNOLOGY
ADALTA PTY LTD $8,000
AKAAL PHARMA PTY LTD $2,500
ALFRED HEALTH $2,690,000
ANATOMICS PTY LTD $2,500
ARRAYWARE PTY LTD $5,500
AUSBIOTECH LTD $10,000
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 133
04 APPENDICES
BIOTECHNOLOGY CONT.
MEDICINES DEVELOPMENT LIMITED $2,500
MICRONISERS AUSTRALASIA PTY LTD $2,237
MINIFAB (AUST) PTY LTD $16,000
NEXVET BIOPHARMA PTY LTD $16,000
NPLEX PTY LTD $2,500
NUCLEUS NETWORK LIMITED $5,000
PENINSULA HEALTH $1,345,000
PETER MACCALLUM CANCER INSTITUTE $20,000
PHARMACEUTICAL PACKAGING PROFESSIONALS PTY LTD $2,500
POLYACTIVA PTY LTD $3,000
PRANA BIOTECHNOLOGY LTD $2,500
RAMSEY COOTE HEALTHCARE PTY LTD $6,218
SENZ ONCOLOGY PTY LTD $3,000
SGA SOLUTIONS PTY LTD $3,000
SIENNA CANCER DIAGNOSTICS LIMITED $2,500
SPINIFEX PHARMACEUTICALS PTY LTD $3,000
STARPHARMA PTY LTD $6,000
SYNTHESIS MED CHEM PTY LTD $2,500
SYPHARMA PTY LTD $2,500
TELEZON LIMITED $10,729
THE ENTERPRISE EVOLUTION GROUP PTY LTD $2,500
VERVA PHARMACEUTICALS LIMITED $3,000
V-PATCH MEDICAL SYSTEMS 1 PTY LTD $2,500
TOTAL $6,361,530
CARBON MARKETS
CARBON MARKET INSTITUTE LIMITED $324,157
CLIMATE CHANGE AUTHORITY $316,360
TOTAL $640,517
COLLABORATIVE NETWORKS FOR TECHNOLOGY TRANSFER
DAIRY INNOVATION AUSTRALIA LIMITED $80,000
TOTAL $80,000
CONNECTING VICTORIA
$30 DATE NIGHT PTY LTD $5,000
121CAST PTY LTD $5,000
1440 PRODUCTIONS PTY LTD $5,000
199NFORM PTY LTD $16,000
ADILAM TECHNOLOGIES PTY LTD $1,754
ADWEB PTY LTD $7,839
BIOTECHNOLOGY CONT.
AUSTIN HEALTH $20,000
AUSTRALIAN SPORTS TECHNOLOGIES NETWORK LTD $2,500
AXXIN PTY LTD $14,574
BIO 21 AUSTRALIA LIMITED $432,456
BIO NOVA INTERNATIONAL PTY LTD $8,000
BIOCONSULT PTY LTD $3,000
BIODIEM LTD $5,000
BIOMEDTECH AUSTRALIA PTY LTD $20,032
BIOMELBOURNE NETWORK INC $2,500
BIOSYNERGY PARTNERS PTY LTD $2,500
BORON MOLECULAR PTY LIMITED $8,000
CANCER THERAPEUTICS CRC PTY LTD $147,050
CECAP PTY LTD $2,500
CELL CARE AUSTRALIA PTY LTD $2,500
CERES ONCOLOGY PTY LTD $2,500
CIRCA GROUP PTY LTD $6,499
CIRCADIAN TECHNOLOGIES LIMITED $2,500
CLINUVEL PHARMACEUTICALS LIMITED $3,000
COGSTATE LTD $2,500
COMPUTIST BIO-NANOTECH PTY LTD $7,309
DENTAL HEALTH SERVICES VICTORIA $1,325,000
DIAMOND OPTICS PTY LTD $2,444
DRAWBRIDGE PHARMACEUTICALS PTY LTD $3,000
EASTERN HEALTH $20,000
ELK ORTHOBIOLOGICS LIMITED $3,000
ENDOGENE LTD $7,500
EUSTRALIS PHARMACEUTICALS LTD $3,000
EVADO PTY LTD $8,000
FAIRMONT MEDICAL PRODUCTS PTY LIMITED $12,000
FIBROTECH THERAPEUTICS PTY LTD $2,500
HEALTH MEDIA GROUP PTY LTD $2,005
HEPSEEVAX PTY LTD $2,500
HOFESH ENTERPRISES PTY LTD $2,500
IDT AUSTRALIA LIMITED $50,000
IMMURON LIMITED $2,500
INGENEUS PTY LTD $2,500
INTELLIMEDICAL TECHNOLOGIES PTY LTD $2,500
INTELLIRAD SOLUTIONS PTY LTD $20,000
IT HEALTH & WELLNESS PTY LTD $2,500
LARGOS SERVICES PTY LTD $1,977
MEDICAL DEVELOPMENTS INTERNATIONAL LTD $8,000
134 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
CONNECTING VICTORIA CONT.
EQUEUE PTY LTD $9,000
F E TECHNOLOGIES PTY LTD $8,949
FABRIC GROUP PTY LTD $2,411
FC SOFTWARE SOLUTIONS PTY LTD $10,000
FELSTEAD ENTERPRISES PTY LTD $2,330
FERNSTAR PTY LTD $7,014
FMEVOLUTION PTY LTD $1,839
FOCUS SEARCH PTY LTD $2,500
GAZUNTI PTY LTD $2,500
GENIX VENTURES PTY LTD $7,500
GEOMANTIA PTY LTD $2,500
GLOBAL XCHANGE PTY LTD $5,000
GRAPPLE GUN GAMES PTY LTD $2,446
HUMAN EDGE SOFTWARE CORPORATION PTY LIMITED $2,469
IMPROMPTU GAMES PTY LTD $2,500
INDUSTRY POWER PTY LTD $121,570
INFERENCE SOLUTIONS PTY LTD $8,000
INLIGHT MEDIA PTY LTD $2,500
INOMIAL PTY LTD $2,500
IPCOMPUTE PTY LTD $6,755
J R SYSTEMS PTY LTD $15,398
JAIRUS PTY LTD $2,500
JIGXOR PTY LTD $2,500
KAILO MEDICAL PTY LTD $8,000
KANGAN BATMAN INSTITUTE OF TAFE $5,000
KINGFISHER INTERNATIONAL PTY LTD $8,000
KINGSTON CITY COUNCIL $150,000
KUMOBIUS PTY LTD $4,756
LABRAT AUSTRALIA PTY LTD $7,500
LEAGUE OF GEEKS PTY LTD $4,488
LEOOP PTY LTD $3,737
LIST FACTORY PTY LTD $2,500
LIVESTOCK SALEYARDS ASSOCIATION OF VICTORIA INCORPORATED $98,000
LOVESHACK ENTERTAINMENT PTY LTD $5,000
MAGIAN MEDIA STUDIO PTY LTD $8,000
MCOMMS DESIGN PTY LTD $2,500
MEDIA EQUATION PTY LTD $2,500
MEDIA SAINTS PTY LTD $1,676
MEDIAPROXY PTY LTD $20,360
MEYLA PTY LTD $2,500
MIGENIUS PTY LTD $5,000
MILLIPEDE CREATIVE DEVELOPMENT PTY LTD $2,500
CONNECTING VICTORIA CONT.
AGENT ORIENTED SOFTWARE PTY LTD $2,464
AIR-RADIATORS PTY LTD $42,350
ANALYTICAL SYSTEMS PTY LTD $4,751
ANTEVO PTY LTD $2,500
ATOMIC MEDIA PTY LTD $5,000
AUSTRALIAN INFORMATION INDUSTRY ASSOCIATION LIMITED $80,000
AUSTRALIAN INTERACTIVE MEDIA INDUSTRY ASSOCIATION INC $35,000
AVARA TECHNOLOGIES PTY LTD $5,000
BESTRANE GROUP PTY LTD $2,500
BIG ANT STUDIOS PTY LTD $2,500
BIONIC CORPORATION PTY LTD $2,500
BIZ CATALYST PTY LTD $2,500
BJA CONSULTING PTY LTD $2,474
BLACKCOMPASS SOFTWARE PTY LTD $4,000
BLUEDOG PRODUCTIONS (VIC) PTY LTD $5,000
BLUEFISH TECHNOLOGIES PTY LTD $18,500
BOGAN ENTERTAINMENT SOLUTIONS PTY LTD $2,500
BRAWSOME PTY LTD $2,500
BSI ENTERPRISE PTY LTD $2,500
C8APPS PTY LTD $5,605
CAPTURE PLAN PTY LTD $8,000
CARCLOUD PTY LTD $8,000
CAREMONKEY PTY LTD $2,500
CASHTIVITY PTY LTD $4,000
CATERRA PTY LTD $10,788
CHECKBOX STUDIOS PTY LTD $2,500
CLARINOX TECHNOLOGIES PTY LTD $12,318
CLICKTIX PTY LTD $2,500
CLOUDKEY TECHNOLOGIES PTY LTD $7,471
COINJAR PTY LTD $5,012
COMMANDFUSION PTY LTD $10,000
CORNERSTONE SOLUTIONS PTY LTD $2,500
CURRENT STUDIOS PTY LTD $11,875
CYBERDYNE PTY LTD $2,500
DIGITAL EDUCATION SERVICES PTY LTD $5,000
DIGITALL PTY LTD $2,500
DIME STUDIOS PTY LTD $1,905
E LEX RATIO PTY LTD $2,500
ELLISON DESIGN PTY LTD $2,500
EMBROSS GROUP PTY LTD $10,000
EMERGENCY WARNING SYSTEMS PTY LTD $2,500
ENITIATIVES.COM PTY LTD $8,000
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 135
04 APPENDICES
CONNECTING VICTORIA CONT.
SILVERSTRIPE AUSTRALIA PTY LTD $40,000
SOUND LIBRARIAN PTY LTD $2,500
SOURCEDYNAMIX ASIA PACIFIC PTY LTD $2,500
SPACE DUST STUDIOS PTY LTD $2,500
SPINIFEX IT GLOBAL PTY LTD $8,000
STARTUPVIC LIMITED $50,000
STOPMOTIONPRO PTY LTD $3,371
STRAIGHT RIGHT PTY LTD $2,500
SUN MOON INVESTMENTS PTY LTD $5,000
SURPRISE ATTACK PTY LTD $14,911
SYNETEK SYSTEMS PTY LTD $2,500
SYPAQ SYSTEMS PTY LTD $2,500
TABLO PTY LTD $6,016
TANTALUS MEDIA PTY LTD $5,000
TECHNOLOGY CORE PTY LTD $2,500
TECHS4BIZ AUSTRALIA PTY LTD $2,500
THE CONVERSATION MEDIA GROUP LIMITED $50,000
THE LOFT GROUP PTY LTD $2,197
THE MASTERMIND GROUP PTY LTD $2,500
THE ONLINE CIRCLE PTY LTD $2,500
THE VOXEL AGENTS PTY LTD $2,500
THREE SPROCKETS PTY LTD $4,000
TORUS GAMES PTY LTD $5,000
TRAINSEM PTY LTD $2,494
TWIITCH PTY LTD $7,500
TWO BULLS HOLDINGS PTY LTD $2,500
UMBRELLA ENTERTAINMENT PTY LTD $2,500
UNITYHEALTH PTY LTD $2,500
UNIVERSITY OF MELBOURNE $5,103
VASTPARK PTY LTD $2,500
VICTORIAN PARTNERSHIP FOR ADVANCED COMPUTING LIMITED $2,500
WEB IP PTY LTD $4,000
WEBCASTING PTY LTD $2,500
WICKED WITCH SOFTWARE PTY LTD $4,000
X-COMPANY PTY LTD $2,500
XDT PTY LTD $8,000
XELON ENTERTAINMENT PTY LTD $5,000
XENON SYSTEMS PTY LTD $5,000
YTEK PTY LTD $4,000
ZOOMORPHIX SYSTEMS PTY LTD $8,000
TOTAL $1,785,531
CONNECTING VICTORIA CONT.
MINDATLAS PTY LTD $5,000
MMGN.COM PTY LTD $2,481
MONEY 101 - MONEY FOR LIFE PTY LTD $12,000
MY LIFESTYLE REMOTE PTY LTD $2,500
MY MEDIA INTERNATIONAL PTY LTD $2,364
NEW MEDIA INNOVATION PTY LTD $2,500
NOVATTI PTY LTD $16,000
NSYNERGY OSC PTY LTD $4,000
OPERATIONS & MAINTENANCE CONSULTING SERVICES PTY LTD $8,000
OPTIMISING PTY LTD $2,500
OPTOTECH PTY LTD $7,500
OUTTRIPPIN PTY LTD $7,975
OZIRIG PROPRIETARY LTD $6,209
PACE MARKETING PTY LTD $2,500
PARCUS GROUP PTY LTD $2,500
PEPPERSTACK PTY LTD $2,500
PERCEPSCION PTY LTD $6,500
PHM TECHNOLOGY PTY LTD $8,450
PIXEL PICKLE GAMES PTY LTD $2,500
PODZY PTY LTD $2,500
POLICE DEPARTMENT (VIC) $120,000
PORTABLE AUSTRALIA PTY LTD $5,000
PORTERFIELD PTY LTD $2,500
POZIBLE PTY LTD $2,500
PRECISION SYSTEMS INTERNATIONAL IP PTY LTD $2,500
PROCEPT PTY LTD $2,500
PROFESSIONAL SERVICES CHAMPIONS LEAGUE PTY LTD $4,000
QMCODES PTY LTD $2,500
QUALISTAFF PTY LTD $2,500
RECTIFIER TECHNOLOGIES PACIFIC PTY LTD $7,500
REVELATION SOFTWARE CONCEPTS PTY LTD $24,000
ROBOT CIRCUS PTY LTD $2,500
ROME2RIO PTY LTD $10,500
RUBBER MUSIC PTY LTD $2,500
S P KEASEY TRADING CO PTY LTD $2,500
SAFE SLEEP SPACE PTY LTD $1,656
SASS MEDIA PTY LTD $7,500
SENTIENT VISION SYSTEMS PTY LTD $8,000
SETAWAY PTY LTD $7,500
SHAKER & ASSOCIATES PTY LTD $5,000
SHINY PTY LTD $196,000
136 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
EXPORT VICTORIA
COUNTRY CUISINE (AUST) PTY LTD $2,498
TOTAL $2,498
GENERAL GRANTS FUNDING
LAKE TYERS ABORIGINAL TRUST $138,000
MONASH UNIVERSITY $190,909
TOTAL $328,909
ICT SKILLS
COMMUNICATIONS AND INFORMATION TECHNOLOGY TRAINING LIMITED $27,273
TOTAL $27,273
INDUSTRY CAPABILITY NETWORK
INDUSTRY CAPABILITY NETWORK (VICTORIA) LIMITED $1,926,208
TOTAL $1,926,208
INFORMATION VICTORIA GENERAL PURPOSE TRUST ACCOUNT
SPATIAL INDUSTRIES BUSINESS ASSOCIATION LIMITED $20,000
THE ROYAL AGRICULTURAL SOCIETY OF VICTORIA LIMITED $30,000
TOTAL $50,000
INNOVATION AND TECHNOLOGY PROJECTS
3D MEASUREMENT SERVICES $10,000
ABSOLUTELY POSITIVE PTY LTD $7,500
ACCELEON PTY LTD $50,000
ADALTA PTY LTD $50,000
ADVANCED MANUFACTURING CRC LIMITED $1,650
ADVANCED MOLECULAR TECHNOLOGIES PTY LTD $50,000
ALTRUTEC PTY LTD $10,000
ARRAYWARE PTY LTD $20,000
AUSPEP PTY LTD $2,155
AUSTRALIAN DESIGN LAB $11,800
BAYLY GROUP PTY LTD $50,000
BERRY DESIGN PTY LTD $15,000
BITC $20,169
BLU OAK PTY LTD $6,000
BSI SERVICES PTY LIMITED $50,000
CHURCHILL ATTORNEYS $3,600
CIRCA GROUP PTY LTD $50,000
CO-OPERATIVE RESEARCH CENTRES (CRC) SUPPORT PROGRAM
ADVANCED MANUFACTURING CRC LIMITED $38,000
CANCER THERAPEUTICS CRC PTY LTD $38,000
COMMONWEALTH SCIENTIFIC AND INDUSTRIAL RESEARCH ORGANISATION $4,313
HEARING CRC LTD $8,000
ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY $15,000
UNIVERSITY OF MELBOURNE $15,000
UNIVERSITY OF SOUTH AUSTRALIA $8,000
TOTAL $126,313
DESIGN SECTOR STRATEGY
ALLORI PTY LTD $2,500
AUTOMOTIVE PERFORMANCE SOLUTIONS PTY LTD $2,500
BROACHED COMMISSIONS PTY LTD $8,000
BURY CONSULTING PTY LIMITED $3,924
COBALT NICHE DESIGN PTY LTD $10,000
CRUMPLER PTY LTD $18,000
D P MENG PTY LTD $1,958
DEAKIN UNIVERSITY $6,975
DENIM 108 PTY LTD $5,000
EMILY KATE DOIG $4,440
FEDERATION UNIVERSITY AUSTRALIA $7,500
GREAT EIGHT PTY LTD $10,000
INCLUSIVE DESIGN SERVICES $2,500
LIFE WITH BIRD PTY LTD $8,000
MAGIAN DESIGN STUDIO PTY LTD $16,000
MEDIATEN EUROPE CO PTY LTD $7,500
MONASH UNIVERSITY $20,388
NAOMI MILGROM FOUNDATION $100,000
OUTER SPACE DESIGN GROUP PTY LTD $2,500
RIPE MATERNITY WEAR PTY LTD $10,000
ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY $22,410
SURPLLUS PTY LTD $2,500
SWINBURNE UNIVERSITY OF TECHNOLOGY $22,738
THE LOFT GROUP PTY LTD $2,500
WILDING NOMINEES PTY LTD $2,500
TOTAL $300,333
EGOVERNMENT INNOVATION FUND TRUST
DEPARTMENT OF JUSTICE VICTORIA $337,500
TOTAL $337,500
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 137
04 APPENDICES
INNOVATION AND TECHNOLOGY PROJECTS CONT.
CLARINOX TECHNOLOGIES PTY LTD $10,000
COBALT NICHE DESIGN PTY LTD $25,000
COMMONWEALTH SCIENTIFIC AND INDUSTRIAL RESEARCH ORGANISATION $210,000
CTQ MANAGEMENT SERVICES $26,750
D S DESIGN PTY LTD $12,500
DATA STORAGE SOLUTIONS PTY LTD $21,840
DAVIES COLLISON CAVE LAW PTY LTD $25,000
DEAKIN UNIVERSITY $25,000
DIEFFENBACHER GMBH $50,000
DIUS COMPUTING PTY LTD $50,000
DOUGLAS P DUKE $12,175
DUXTEL PTY LTD $5,000
ESTHER STAMATOULA APOS $25,000
EXEMPLAR TECHNOLOGIES PTY LTD $25,000
FABRICS AND COMPOSITES SCIENCE AND TECHNOLOGIES $25,000
GHD PTY LTD $50,000
GLOBAL VISIONEERING PTY LTD $25,000
GP GRADERS (VICTORIA) PTY LTD $50,000
GREY INNOVATION PTY LTD $150,000
HYDRIX PTY LTD $50,000
IDEATION PTY LTD $25,000
INGENEUS PTY LTD $50,000
INITIAL CONCEPT ENGINEERING INDUSTRIES PTY LTD $25,000
INNOVATION MANAGEMENT CONSULTANTS PTY LTD $18,000
INSIGHT ENGINEERING AUSTRALIA PTY LTD $74,831
INVENTIUM PTY LTD $56,791
INVOLVE AUDIO PTY LTD $49,600
KIANDRA IT PTY LTD $23,813
KMH ENVIRONMENTAL ENGINEERING PTY LTD $16,000
KOBE CREATIONS $25,000
LA TROBE UNIVERSITY $116,656
LABTAM PTY LTD $49,000
LEAP AUSTRALIA PTY LTD $30,000
LOGICALTECH DIGITAL PTY LTD $39,356
M MURRAY AND ASSOCIATES PTY LTD $4,500
MELBOURNE TESTING SERVICES PTY LTD $11,040
MINIFAB (AUST) PTY LTD $216,154
MJS CONTROL SYSTEMS $10,000
MONASH UNIVERSITY $166,045
INNOVATION AND TECHNOLOGY PROJECTS CONT.
MOONTIDE PTY LTD $50,000
NATIONAL ICT AUSTRALIA LIMITED $25,000
NBS DIGITAL PTY LTD $18,000
NET BALANCE MANAGEMENT GROUP PTY LTD $10,000
NEWCASTLE INNOVATION LIMITED $18,380
OUTER SPACE DESIGN GROUP PTY LTD $27,800
PLANET INNOVATION PTY LTD $344,000
POLAR BEAR ENTERPRISE PTY LTD $25,000
PROCEPT PTY LTD $75,000
PRODUCTION STAMPING CO PTY LTD $5,000
PYKSIS PTY LIMITED $60,000
REACTIVE MEDIA PTY LTD $50,000
ROBERT JEFF RYAN $15,000
ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY $232,273
RSJ ENGINEERING PTY LTD $6,000
SCAN XPRESS PTY LTD $25,000
SHEPPARTON DISTILLERIES PTY LTD $50,305
SPLAT CONTROLS PTY LTD $50,000
SUCCESSFUL ENDEAVOURS PTY LTD $25,000
SWINBURNE UNIVERSITY OF TECHNOLOGY $218,000
SYNCHROTRON LIGHT SOURCE AUSTRALIA PTY LTD $10,000
TELFORD SMITH ENGINEERING PTY LTD $144,678
THE UNIVERSITY OF NEW ENGLAND $24,000
TREADSTONE ENTERPRISES PTY LTD $110,000
UNIQUE MICRO DESIGN PTY LTD $50,000
UNIVERSITY OF BALLARAT $10,000
UNIVERSITY OF MELBOURNE $65,420
UOM COMMERCIAL LTD $5,000
VATIVE PTY LTD $57,500
VCAMM LIMITED $25,000
VIKING PLASTICS ENGINEERING PTY LTD $4,216
WAVE DIGITAL PTY LTD $45,432
WHEEZYTECH PTY LTD $24,816
XHTMLIZED PTY LTD $25,000
TOTAL $4,218,745
MOVIEXPERIENCE
AUSTRALIAN CENTRE FOR THE MOVING IMAGE $20,000
TOTAL $20,000
138 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
OFFICE OF THE LEAD SCIENTIST
COMMONWEALTH SCIENTIFIC AND INDUSTRIAL RESEARCH ORGANISATION $40,000
TOTAL $40,000
SCIENCE AND TECHNOLOGY R&D FUND
ALFRED HEALTH $2,500
BIODETECTORS PTY LTD $2,500
JEWISH CARE (VICTORIA) INC $2,500
LA TROBE UNIVERSITY $2,500
MEDICAL EDGE PTY LTD $2,500
NIPV PTY LTD $2,500
SUSTAINABILITY VENTURES PTY LTD $2,500
UNIVERSITY OF MELBOURNE $4,773
VICTORIA UNIVERSITY $2,500
YORAM REGEV $2,500
TOTAL $27,273
SKILLS FOR GROWTH
ARARAT RURAL CITY COUNCIL $12,613
BALLARAT CITY COUNCIL $5,000
BANYULE CITY COUNCIL $9,800
BASS COAST SHIRE COUNCIL $25,000
BAW BAW SHIRE COUNCIL $25,000
BAYSIDE CITY COUNCIL $10,000
BENALLA RURAL CITY COUNCIL $10,000
BOROUGH OF QUEENSCLIFFE $5,000
BRIMBANK CITY COUNCIL $20,000
CASEY CITY COUNCIL $10,000
CENTRAL GOLDFIELDS SHIRE COUNCIL $9,883
CITY OF BOROONDARA $24,600
CITY OF DAREBIN $5,000
CITY OF GREATER DANDENONG $10,000
CITY OF GREATER GEELONG $10,000
CITY OF PORT PHILLIP $10,000
COLAC OTWAY SHIRE $5,000
CORANGAMITE SHIRE COUNCIL $4,000
DIMBOOLA BUSINESS ASSOCIATION INC $500
EAST GIPPSLAND SHIRE COUNCIL $15,000
FRANKSTON CITY COUNCIL $20,000
GANNAWARRA SHIRE COUNCIL $3,800
GOLDEN PLAINS SHIRE COUNCIL $600
GREATER SHEPPARTON CITY COUNCIL $5,000
GREEK PRECINCT ASSOCIATION INC $2,500
SKILLS FOR GROWTH CONT.
HINDMARSH SHIRE COUNCIL $9,000
HORSHAM RURAL CITY COUNCIL $9,000
INDIGO SHIRE COUNCIL $10,000
KINGSTON CITY COUNCIL $10,000
LATROBE CITY COUNCIL $15,000
LODDON SHIRE COUNCIL $25,000
MAINSTREET AUSTRALIA INC $15,000
MANNINGHAM CITY COUNCIL $10,000
MANSFIELD SHIRE COUNCIL $5,000
MAROONDAH CITY COUNCIL $20,000
MELTON CITY COUNCIL $8,635
MILDURA RURAL CITY COUNCIL $20,000
MITCHELL SHIRE COUNCIL $10,000
MOIRA SHIRE COUNCIL $20,000
MONASH CITY COUNCIL $19,350
MOONEE VALLEY CITY COUNCIL $5,900
MORELAND CITY COUNCIL $10,000
MORNINGTON PENINSULA SHIRE COUNCIL $8,500
MOYNE SHIRE COUNCIL $3,760
NORTHERN GRAMPIANS SHIRE COUNCIL $9,000
PYRENEES SHIRE COUNCIL $10,000
SALE BUSINESS AND TOURISM ASSOCIATION INCORPORATED $5,000
SMITH STREET BUSINESS ASSOCIATION INC $2,500
SORRENTO PORTSEA CHAMBER OF COMMERCE INC $2,500
SOUTH GIPPSLAND SHIRE COUNCIL $10,000
SOUTHERN GRAMPIANS SHIRE COUNCIL $10,000
STONNINGTON CITY COUNCIL $10,250
SUNSHINE BUSINESS ASSOCIATION INC $5,000
SURF COAST SHIRE $25,000
SWAN HILL PROMOTIONS AND DEVELOPMENT CORPORATION INC $5,000
SWAN STREET VILLAGE TRADERS ASSOCIATION INC $5,000
SYDNEY ROAD BRUNSWICK ASSOCIATION INC $2,500
THE AUSTRALIAN RETAILERS ASSOCIATION $17,000
WARRANDYTE BUSINESS ASSOCIATION INC $2,500
WARRNAMBOOL CITY COUNCIL $5,000
WELLINGTON SHIRE COUNCIL $5,000
WEST WIMMERA SHIRE COUNCIL $29,000
WHITEHORSE CITY COUNCIL $15,000
WODONGA CITY COUNCIL $5,000
WYNDHAM CITY COUNCIL $5,000
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 139
04 APPENDICES
VESKI INC
VESKI $391,500
VICTORIAN ENDOWMENT FOR SCIENCE, KNOWLEDGE & INNOVATION LTD $216,500
TOTAL $608,000
VICTORIAN INNOVATION STRATEGY
ALFRED HEALTH $32,000
ANZA TECHNOLOGY NETWORK LIMITED $40,000
COMMONWEALTH SCIENTIFIC AND INDUSTRIAL RESEARCH ORGANISATION $94,042
COMPOSITES AUSTRALIA INC $60,000
COUNCIL OF TEXTILE & FASHION INDUSTRIES OF AUSTRALIA LIMITED $80,000
DEPARTMENT OF ENVIRONMENT AND PRIMARY INDUSTRIES VICTORIA $112,500
HOWARD FLOREY INSTITUTE PTY LTD $166,005
MEDICINES DEVELOPMENT LIMITED $37,500
MELBOURNE HEALTH $791,386
MONASH UNIVERSITY $179,172
MRCF PTY LTD $400,000
MURRAY GOULBURN CO-OPERATIVE CO LTD $242,580
PYKSIS PTY LIMITED $50,000
SCALE INVESTORS LIMITED $50,000
SYNCHROTRON LIGHT SOURCE AUSTRALIA PTY LTD $1,700
THE SONG ROOM $7,394
UNIVERSITY OF MELBOURNE $226,556
TOTAL $2,570,835
VICTORIAN INNOVATION STRATEGY - INNOVATION
ANZA TECHNOLOGY NETWORK LIMITED $50,000
AVIPEP PTY LTD $50,000
DEAKIN UNIVERSITY $1,000,000
MEDICINES DEVELOPMENT LIMITED $112,500
MELBOURNE WATER $450,000
MONASH UNIVERSITY $300,000
POLYMERS CRC LTD $140,000
PYKSIS PTY LIMITED $80,000
ROYAL CHILDREN'S HOSPITAL $450,000
ROYAL VICTORIAN EYE & EAR HOSPITAL $450,000
SCALE INVESTORS LIMITED $100,000
UNIVERSITY OF MELBOURNE $500,000
WESTERN HEALTH $450,000
TOTAL $4,132,500
SKILLS FOR GROWTH CONT.
YARRA CITY COUNCIL $10,000
YARRIAMBIACK SHIRE COUNCIL $9,000
TOTAL $696,691
TEXTILE AND FASHION HUB
COUNCIL OF TEXTILE & FASHION INDUSTRIES OF AUSTRALIA LTD $100,000
TOTAL $100,000
TIME TO THRIVE 2
SMALL BUSINESS MENTORING SERVICE INC $200,000
TOTAL $200,000
VICTORIAWORKS FOR INDIGENOUS JOBSEEKERS PROGRAM
A.R.T EMPLOYMENT PTY LTD $121,000
COLLINGWOOD FOOTBALL CLUB LIMITED $143,500
ESSENDON FOOTBALL CLUB $188,800
GROUP TRAINING ASSOCIATION OF VICTORIA INC $262,080
KAIELA INSTITUTE LIMITED $97,500
LINK EMPLOYMENT & TRAINING INC $149,640
MILDURA RURAL CITY COUNCIL $154,800
MUNICIPAL ASSOCIATION OF VICTORIA $30,000
RUMBALARA FOOTBALL NETBALL CLUB INC $125,300
ST KILDA YOUTH SERVICE INC $113,775
SWAN HILL RURAL CITY COUNCIL $172,480
THE AUSTRALIAN RETAILERS ASSOCIATION $10,000
TIGERS IN COMMUNITY FOUNDATION LIMITED $93,750
VICTORIAN ABORIGINAL COMMUNITY SERVICES ASSOCIATION LIMITED $229,800
VICTORIAN RUGBY UNION INC $232,750
VICTORIAN TRANSPORT ASSOCIATION INC $60,500
WODONGA CITY COUNCIL $76,500
WORN GUNDIDJ ABORIGINAL CO-OP LTD $153,900
TOTAL $2,416,075
VICTORIAN ENDOWMENT FOR SCIENCE, KNOWLEDGE AND INNOVATION (VESKI) FELLOWSHIPS AND SCHOOL MENTORING
VESKI $650,000
TOTAL $650,000
140 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
VICTORIAN INNOVATION STRATEGY - TECHNOLOGY
AUSTRALIAN CENTRE FOR THE MOVING IMAGE $20,000
AXXIN PTY LTD $62,500
BENDIGO SENIOR SECONDARY COLLEGE $83,971
BIO 21 AUSTRALIA LIMITED $168,099
BIOMELBOURNE NETWORK INC $5,000
CAREERLOUNGE PTY LTD $15,000
CENTRAL HIGHLANDS AGRIBUSINESS FORUM INC $7,500
COMMONWEALTH SCIENTIFIC AND INDUSTRIAL RESEARCH ORGANISATION $50,000
DEPARTMENT OF ENVIRONMENT AND PRIMARY INDUSTRIES VICTORIA $90,000
DONWOOD COMMUNITY AGED CARE SERVICES INC $23,089
EUREKA ! AGRESEARCH (VIC) PTY LTD $75,800
FEDERATION UNIVERSITY AUSTRALIA $16,000
HOWARD FLOREY INSTITUTE PTY LTD $166,004
JOHN MONASH SCIENCE SCHOOL $57,000
KONNECTIVE PTY LTD $46,000
LIFE SAVING VICTORIA LIMITED $42,000
MELBOURNE HEALTH $22,400
MONASH UNIVERSITY $1,205,565
NATIONAL SAFETY AGENCY LTD $106,680
SMALL TECHNOLOGIES CLUSTER LTD $240,000
THE FLOREY INSTITUTE OF NEUROSCIENCE AND MENTAL HEALTH $180,000
UNITINGCARE REGEN $5,549
UNIVERSITY OF MELBOURNE $44,685
VICTORIA STATE EMERGENCY SERVICE AUTHORITY $22,000
TOTAL $2,754,842
VICTORIAN RESEARCH SCHOLARSHIPS
MONASH UNIVERSITY $150,000
ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY $300,000
UNIVERSITY OF MELBOURNE $450,000
TOTAL $900,000
OFFICE OF THE CHIEF OPERATING OFFICER GRANTS
Grant payments totalling $2.1 million were made to companies and organisations in 2013-14 by the department’s office of the chief operating officer. These grants are detailed below.
COMMUNITY SUPPORT FUNDING
BRIMBANK CITY COUNCIL $60,000
CASEY CITY COUNCIL $216,000
CITY OF BOROONDARA $25,000
FRANKSTON CITY COUNCIL $71,916
MELBOURNE CITY COUNCIL $50,000
MORELAND CITY COUNCIL $5,000
TOTAL $427,916
GENERAL GRANTS FUNDING
RESOURCEFUL AUSTRALIA PTY LTD $300,000
TOTAL $300,000
MAJOR EVENTS
MELBOURNE CITY COUNCIL $150,000
TOTAL $150,000
MELBOURNE FASHION FESTIVAL
MELBOURNE FASHION FESTIVAL LTD $650,000
TOTAL $650,000
REGIONAL DEVELOPMENT AUSTRALIA
BRIMBANK CITY COUNCIL $50,000
DIGITAL BUSINESS INSIGHTS PTY LTD $70,000
EASTERN VOLUNTEER RESOURCE CENTRE INC $20,000
GROWTH AREAS AUTHORITY $48,000
LA TROBE UNIVERSITY $25,000
LEADWEST LTD $50,000
MAROONDAH CITY COUNCIL $15,000
MELBOURNE'S NORTHERN ECONOMIC WEDGE INC $145,000
MOONEE VALLEY CITY COUNCIL $25,000
MORNINGTON PENINSULA SHIRE COUNCIL $25,000
PREVENTIONXPRESS PTY LTD $22,000
SMALL TECHNOLOGIES CLUSTER LTD $45,000
SOUTH EAST MELBOURNE MANUFACTURERS' ALLIANCE INC $40,000
SWINBURNE UNIVERSITY OF TECHNOLOGY $30,000
TOTAL $610,000
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 141
04 APPENDICES
EMPLOYMENT START UP
10FOLD PTY LTD $4,000
2MH CONSULTING PTY LTD $4,000
A & K HAZELDENE PTY LTD $4,000
A G & L M O'DONNELL $1,000
ABOUZEID BROS INTERNATIONAL TRADING PTY LTD $5,000
ADVANCED SERVICE CENTRE (VIC) PTY LTD $4,000
ALL STAR BAKING PTY LTD $1,000
ALLMAX PTY LTD $4,000
ALREADY PLASTERED PTY LTD $1,000
AMALGAM ENTERPRISES PTY LTD $4,000
AMI FIDELE PTY LTD $1,000
ANDIAMO LANDSCAPING PTY LTD $1,000
ANTHONY ROBERT ELLIS $1,000
ANYTHING SOLAR PTY LTD $1,000
ARCHIBLOX PTY LTD $4,000
ATLITE (AUSTRALIA) PTY LTD $4,000
AUSTRALIAN ASSESSMENT TECHNOLOGIES PTY LTD $4,000
AWARD BRANDS PTY LTD $1,000
AYMANOR PTY LTD $1,000
B & M ELECTRIC PTY LTD $4,000
B & P JOINERY PTY LTD $1,000
B AND Z COLLINS ENTERPRISES PTY LTD $1,000
B G HEATLIE & J D HEATLIE $1,000
BAKEWORKS PTY LTD $1,000
BARKING DOG PTY LTD $4,000
BARWON CLUB HOTEL $4,000
BARWON COMPUTER SOLUTIONS PTY LTD $1,000
BASHFORD PAINTERS $2,000
BAY SHORE ELECTRICAL & AIR CONDITIONING SERVICES $1,000
BAYSIDE COMFORT SOLUTIONS PTY LTD $4,000
BAY-TECH AUTOMOTIVE PTY LTD $1,000
BB AUTO ELECTRICAL PTY LTD $1,000
BB TECH SERVICES PTY LTD $1,000
BELLARINE SMASH REPAIRS PTY LTD $1,000
BEN WALLIS PTY LTD $2,000
BILLIE JEAN HAIR PTY LTD $1,000
BJL INVESTMENTS PTY LTD $4,000
BK BRICKLAYING $2,000
BLACK STALLION MOTORS PTY LTD $4,000
TRADE, MANUFACTURING, AVIATION AND EMPLOYMENT GRANTS
The department provides assistance through a number of programs to companies and organisations to support manufacturing, enterprise improvement, export growth, business development, promotional activities, workforce and skills activities, economic and community development in regional Victoria, and targeted support to small businesses in Victoria. Grant payments totalling $18 million made to organisations in 2013-14 through the department’s trade, manufacturing, aviation and employment grants are detailed below.
AGENDA FOR NEW MANUFACTURING
THE AUSTRALIAN INSTITUTE OF FOOD SCIENCE & TECHNOLOGY INCORPORATED $8,500
TOTAL $8,500
BUSINESS DEVELOPMENT PROGRAM - TRADE FAIRS AND MISSIONS
ANCA PTY LTD $1,500
ANTICO COFFEE PTY LTD $2,000
AUSTRALIAN PROVINCIAL CHEESE PTY LTD $2,000
BMT WBM PTY LTD $2,000
CT FREIGHT PTY LTD $2,000
EAST GIPPSLAND SHIRE COUNCIL $1,815
ENVIRONMENT ESSENTIALS PTY LTD $2,000
FORD MOTOR COMPANY OF AUSTRALIA LIMITED $3,000
GIPPY FOODS PTY LTD $2,000
INTRINSIC INVESTMENT MANAGEMENT PTY LTD $3,000
MEAT TENDER PTY LTD $2,000
OLEX AUSTRALIA PTY LIMITED $2,000
ORE RESEARCH & EXPLORATION PTY LTD $2,000
PBE AUSTRALIA PTY LTD $2,000
ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY $2,000
RUHRPUMP SIHI AUSTRALIA PTY LTD $2,000
SASK INTERNATIONAL EXPORT & IMPORT PTY LTD $2,000
SENSEN NETWORKS PTY LTD $2,000
SENTIENT VISION SYSTEMS PTY LTD $1,002
UNIVERSITY OF MELBOURNE $2,000
VALLEY PRECISE GLOBAL PTY LTD $1,183
TOTAL $41,500
142 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
EMPLOYMENT START UP CONT.
DANIEL SIMPSON $4,000
DANNY THREADGOLD PAINTING $1,000
DARREN CLARK $1,000
DAVENMARC INVESTMENTS PTY LTD $5,000
DAVID GREIG CONSTRUCTIONS PTY LTD $1,000
DAVID VALASTRO HOLDINGS PTY LTD $1,000
DAVIS BRICKLAYING CONTRACTORS PTY LTD $1,000
DECKS PLUS BUILDING SERVICES PTY LTD $4,000
DESIGN STAINLESS INDUSTRIES PTY LTD $2,000
DICKSON AUTOMOTIVE PTY LTD $4,000
DOREEN MECHANICAL PTY LTD $1,000
DREAM MARINE PTY LTD $1,000
DREAMTIME CONSTRUCTIONS $1,000
DRYSDALE HOTEL PTY LTD $1,000
DUDLEY & CO BUILDERS PTY LTD $1,000
DUNSTONE BROTHERS PLUMBING AND ROOFING PTY LTD $1,000
DUSTY'S BRICKLAYING PTY LTD $2,000
E J LACK (VIC) PTY LTD $1,000
E L CAMERA & M D CAMERA $1,000
EAST GIPPSLAND FLOOR CONTRACTORS PROPRIETARY LIMITED $1,000
ECOSCHEMES PTY LTD $4,000
ESSENDON TILE COMPANY PROPRIETARY LIMITED $1,000
EVAN BIEWER $1,000
EVAN SCOTT KINGSTON $1,000
EVENFLO PLASTERING PTY LTD $1,000
EWOUD PATRICK ALEXANDER VAN DER HOEVEN $4,000
F MYERS & G C SWALWELL $1,000
FACILITY MANAGEMENT ASSOCIATION OF AUSTRALIA LIMITED $1,000
FAST TRACK WELDING PTY LTD $1,000
FICO AUSTRALIA PTY LTD $1,000
FRASHES-R PTY LTD $4,000
G D & J I STABB $1,000
G N AND D J WHITWORTH $1,000
G W S PTY LTD $1,000
GAS CHOICE PTY LTD $1,000
GEELONG BRAKE & CLUTCH PTY LTD $1,000
GEELONG SATELLITE & COMMUNICATIONS PTY LTD $1,000
GEMPIRE PTY LTD $4,000
GEORGE THOMAS KEITH HEMMINGS $1,000
EMPLOYMENT START UP CONT.
BLACKCLOUD SOFTWARE PTY LTD $1,000
BORDER CRANE CONSULTANTS PTY LTD $8,000
BRYAN & PETERSEN INSURANCE PTY LTD $1,000
BUSINESS PLANNING & CONTROL PTY LTD $8,000
BUSY BEE BRUSHWARE PTY LTD $1,000
C & J REID $1,000
C J NICOL $1,000
C L DAVISON & W S DAVISON $2,000
C LEWIS CARPENTRY $2,000
C R ELECTRICS PTY LTD $1,000
C T DYKER & B D REID $1,000
C.A.M CONSTRUCTIONS PTY LTD $1,000
CABINET PROFESSIONALS PTY LTD $1,000
CABINET REPAIRS AND REPLACEMENTS $1,000
CABINETSMITH PTY LTD $4,000
CALLAGHAN MOTORS P/L $1,000
CAMERON DOUEAL $4,000
CANE CARPENTRY AND JOINERY $1,000
CARBONLITE ENTERPRISES PTY LTD $8,000
CC DISTRIBUTION PTY LTD $1,000
CENTRAL CARPETS CASTLEMAINE PTY LTD $1,000
CFJ LANDSCAPE DESIGN AND CONSTRUCTION $2,000
CHEEKY NATURE LANDSCAPES PTY LTD $4,000
CHOCOLATE LILY HAIR AND BEAUTY $4,000
CHRISTOPHER ESLICK $1,000
CONFOIL PTY LIMITED $4,000
CONQUEST EMP PTY LTD $1,000
COPY CONTROL PTY LIMITED $2,000
CRW CABINETS $1,000
CURSOL PTY LTD $1,000
D & J OTTEN INVESTMENTS PTY LTD $4,000
D & M T GOLDBERG $1,000
D & R ANLEY PTY LTD $4,000
D B & L K PEARCE $1,000
D C & M J FREDERICKS $1,000
D J NICHOLSON & B ROBERTSON $4,000
D P CARPENTRY PTY LTD $1,000
D P SHEEHAN PLUMBING & GASFITTING PTY LTD $1,000
D P WILLINGTON & G WILLINGTON $4,000
D SHARP & M D SHARP $1,000
DALLAS JOHN DAFONTE $1,000
DAMIAN VAUGHAN JOINERY PTY LTD $4,000
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 143
04 APPENDICES
EMPLOYMENT START UP CONT.
JOSEPH PATONE $1,000
JOSTE PTY LTD $1,000
JTA HEALTH SAFETY & NOISE SPECIALISTS PTY LTD $4,000
K BROWNING & N MONET $1,000
KAIN PUGLIESE $4,000
KATENAL PTY LTD $9,000
KATHRYN ANNE BREED $4,000
KEENAN CRIMMINS $2,000
LAKE VIEW HOTEL PTY LTD $11,000
LEMON TWIST CAFE $4,000
LINDSAY KARL RATNIK $1,000
LOGIKON $1,000
M & M AUTOMOTIVE PTY LTD $1,000
M FENNEY & W J FENNEY $5,000
M FITZPATRICK & M YOUNG $1,000
MARKET CITY MOTORS PTY LTD $4,000
MATTHEW JOHN BISHOP $4,000
MAW BUILDING & MAINTENANCE PTY LTD $4,000
MELBOURNE ROAD GROUP PTY LTD $1,000
MENZEL GLASS PTY LTD $4,000
MIA ELIZABETH NICOLSON $1,000
MIDDLETONS GEELONG HEATING & COOLING PTY LTD $8,000
MJW PLUMBING $1,000
MORCOMBE INVESTMENTS PTY LTD $1,000
MORLAND'S MEATS $1,000
MOWERS GALORE PTY LTD $1,000
MUHOR PTY LTD $1,000
MVS BUSINESS CONSULTING L & D PROJECTS $4,000
MYFINSOL PTY LTD $4,000
N J KANE & A L SILVER $1,000
NDB HOME IMPROVEMENTS PTY LTD $1,000
NICHOL TRADING MECHANICAL SERVICES PTY LTD $1,000
NICHOLAS LYNCH PTY LTD $1,000
NORTH WHARF HOTEL PTY LTD $2,000
O C PLUMBING PTY LTD $1,000
O'BRIEN BUILDING (AUST) PTY LTD $1,000
ONJ ELECTRICAL $4,000
P D & L S MOLONEY $1,000
P.A.W. PLUMBING PTY LTD $4,000
PALERMO TILING PTY LTD $4,000
PEELBAKE PTY LTD $1,000
EMPLOYMENT START UP CONT.
GEORGES RESTAURANT BAR CAFE PTY LTD $3,000
GET SPARKED ELECTRICAL CONTRACTORS PTY LTD $1,000
GLEN LODDON HOMES PTY LTD $1,000
GR8 WALLS OF MELBOURNE $4,000
GUY TURNER LANDSCAPING $1,000
H A BOFFEY & A MEZZATESTA $4,000
H BOYD & E M VANDERMARK $4,000
HAEUSLER'S GROUP PTY LTD $4,000
HANCOL PTY LTD $1,000
HANSONPORTERCURZON PTY LTD $1,000
HARDWAY SISTERS PTY LTD $1,000
HEATHERS SWIM SCHOOL $2,000
HOCTOR REFRIGERATION PTY LTD $16,000
HOLLOWAY AIRCONDITIONING & PLUMBING $1,000
HONEYEATER HAIR PTY LTD $1,000
HOT TOP ROOFING PTY LTD $1,000
IKON HOMES PTY LTD $3,000
ILLINGWORTH PLUMBING PTY LTD $5,000
IN2IT CARPENTRY CONTRACTORS $1,000
INTEGRA SYSTEMS PTY LTD $1,000
INVERLOCH MARINE PTY LTD $4,000
ITCOM AUSTRALIA PTY LTD $4,000
J & J SANDERSON $1,000
J D READ AND S M BAKER $4,000
J K ADAMS & P T ADAMS $1,000
J T ELECTRICAL CONTRACTORS PTY LTD $4,000
JACBE BUILDERS PTY LTD $1,000
JACKSON DWELLINGS $1,000
JACQUELINE A STACPOOL $4,000
JADEZOL PTY LTD $1,000
JAMES F SPINKS PROPRIETARY LIMITED $1,000
JANINE MARY LAMB $4,000
JASON MATTHEW BRUTY $4,000
JASON MILLER $1,000
JASUMIA BEAUTY SALON $1,000
JCONSTRUCTION PTY LTD $1,000
JELLS PARK GOURMET MEAT $1,000
JERUSALEM CREEK MARINA & HOLIDAY PARK PTY LTD $1,000
JOE ISSELL PAINTING $1,000
JORDAN BEEBY $4,000
JORDAN LAWRENCE MAIOLO $1,000
144 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
EMPLOYMENT START UP CONT.
SCOTT SPORT PTY LTD $1,000
SDW BRICKLAYING PTY LTD $1,000
SODA MARKETING PTY LTD $4,000
SORRENTO GOLF CLUB $4,000
SPARX POWER AND DATA PTY LTD $4,000
SPECIALISED PLUMBING & DRAINAGE PTY LTD $8,000
STEVENS COMMUNICATIONS PTY LTD $9,000
STEVE'S BRICKLAYING PTY LTD $4,000
SUGAR STATION PTY LTD $2,000
T & H PANEL SERVICE PTY LTD $1,000
T D DREW & R E GLEESON $4,000
TALL GRASS LANDSCAPES PTY LTD $4,000
TASBAY PTY LTD $1,000
TBMR PTY LTD $1,000
TEAMWORKS PERFORMANCE PTY LTD $2,000
TEHENNEPE GROUP PTY LTD $1,000
TEKROCK TILING $1,000
TEMPLE HAIR PTY LTD $1,000
THE CHEROB GROUP PTY LTD $1,000
THE GEELONG LAMP & ELEMENT SHOPPE PTY LTD $1,000
THE HANGMAN DOORS PTY LTD $1,000
THE PORTSEA CAMP $4,000
THE PREMIUM CHOCOLATE COMPANY $1,000
THINKBIG INVESTMENTS AUST PTY LTD $3,000
TJ'S ROOFING AUSTRALIA PTY LTD $2,000
TOMIKIEL HOLDINGS PTY LTD $4,000
TONDAN INVESTMENTS PTY LTD $1,000
TOP TORQUE PERFORMANCE PTY LTD $1,000
TOTAL PLASTER SUPPLIES PTY LTD $1,000
TRANSFORMERS VIC PTY LTD $1,000
TRENT JOSEPH JONES $1,000
TRENTIAN CONSTRUCTIONS $1,000
TTS ELECTRICS $8,000
UNIWELD ENGINEERING PTY LTD $1,000
VAUGHAN ELLIS PLUMBING & HYDRAULICS PTY LTD $2,000
VELI MOTORS PTY LTD $1,000
VENETO CLUB $1,000
VEREKER BROS. SMASH REPAIRS PTY LTD $1,000
W & J HOOLAHAN $1,000
WATERMARK DOCKLANDS $1,000
EMPLOYMENT START UP CONT.
PEREZ PLUMBING PTY LTD $1,000
PETE & MICKS BRICKLAYING $1,000
PETER R & GINA Z DOWIE $4,000
PLANRIGHT AUSTRALASIA PTY LTD $1,000
PORTLAND AIRCONDITIONING & REFRIGERATION PTY LTD $4,000
PRECISION LOCK & KEY PTY LTD $1,000
PREDA PTY LTD $1,000
PRESTON MOTORS (PARTS SALES) PROPRIETARY LIMITED $1,000
PROFICIENT CARPENTRY PTY LTD $1,000
PRT BEI PTY LTD $1,000
R & J SOBEY PTY LTD $4,000
R & M ENGINEERING PTY LTD $1,000
R D & R K RANKIN PTY LTD $4,000
R J & A SAUNDERS $4,000
RALPH MATTHEW PEET $4,000
RAMA B AND G PTY LTD $4,000
RBC BUSINESS SOLUTIONS (MELBOURNE) PTY LTD $4,000
REACT PROPERTY MAINTENANCE PTY LTD $1,000
REALMON PTY LTD $8,000
RED EARTH FLOWERS $1,000
REDLOW INVESTMENTS PTY LTD $3,000
REET INTERNATIONAL PTY LTD $1,000
RELISH 'N' THYME PTY LTD $8,000
RHYS EVANS PTY LTD $3,000
RICHES AUTO REFINISHING PTY LTD $1,000
RICHMOND HILL ELECTRICAL SERVICES PTY LTD $1,000
RICKARD HEATING PTY LTD $1,000
RIES PLUMBING PTY LTD $1,000
RIGHTWAY CARPENTRY PTY LTD $1,000
RIXON MANAGEMENT SERVICES PTY LTD $9,000
ROBERT ANTHONY GALATI $4,000
ROBES ON LINE AUSTRALIA PTY LTD $1,000
ROSEVALE DEVELOPMENTS PTY LTD $1,000
ROYAL VICTORIAN AERO CLUB $4,000
RYAN CARAFA $4,000
S & R MCCORMACK PTY LTD $1,000
S HOPE & S G HOPE $1,000
S J & T A STRUCTURAL PTY LTD $4,000
SANDHURST REFRIGERATION PTY LTD $4,000
SCHEDULED ASSET SERVICES PTY LTD $2,000
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 145
04 APPENDICES
EXPORT VICTORIA CONT.
EVENT STUDIOS AUSTRALIA PTY LTD $4,430
FEDERATION OF AUTOMOTIVE PRODUCTS MANUFACTURERS LIMITED $2,000
HAWTHORN LEARNING PTY LIMITED $2,000
HERITAGE BRANDS (AUSTRALIA) PTY LTD $10,000
HOLMESGLEN INSTITUTE OF TAFE $2,000
IAN ENNIS AND COMPANY PTY LTD $2,000
INNOVATIVE MECHATRONICS GROUP PTY LTD $2,000
INUS AUSTRALIA PTY LTD $2,000
KAPS INSTITUTE OF MANAGEMENT PTY LTD $2,000
KERR & CO TRADING PTY LTD $2,000
LARMON PTY LTD $2,000
MACKAY CONSOLIDATED INDUSTRIES PTY LIMITED $2,000
MEDIATEN EUROPE CO PTY LTD $10,000
MENZIES INSTITUTE OF TECHNOLOGY PTY LTD $2,000
MONASH UNIVERSITY $1,783
MRO PTY LTD $10,000
MURRAY RIVER ORGANICS PTY LTD $3,536
NORTHERN MELBOURNE INSTITUTE OF TAFE $2,000
OMG IMPORTS PTY LTD $1,317
OPPOSITE LOCK HOLDINGS PTY LTD $2,000
ORGANIC DAIRY FARMERS OF AUSTRALIA LIMITED $2,000
OZPRESS PTY LTD $5,035
SETEC PTY LTD $80,000
SHEILA BAXTER TRAINING CENTRE PTY LTD $2,000
SINGLE SERVE PACKAGING PTY LTD $2,000
SOUTH GIPPSLAND WINE COMPANY PTY LTD $2,000
SOUTHERN UNITED SEAFOOD AUSTRALIA LIMITED $1,584
STELCO CHEMICALS INTERNATIONAL PTY LTD $2,358
SUN HEALTH FOODS PTY LTD $2,000
SUNNY RIDGE EPICURE PTY LTD $1,986
SWINBURNE COLLEGE PTY LTD $2,000
THE REGIMENTAL CONDIMENT COMPANY PTY LTD $7,357
TRAINING SENSE PTY LTD $7,864
TRANSPLUMB GROUP PTY LTD $2,033
VICTORIA UNIVERSITY $2,000
WILLIAM ANGLISS INSTITUTE OF TAFE $2,000
YARRA VALLEY SNACK FOODS PTY LTD $2,000
TOTAL $264,879
EMPLOYMENT START UP CONT.
WEST FRIDGE PTY LTD $2,000
WESTSIDE CARPETS PTY LTD $1,000
WILFUR PTY LTD $1,000
WILLIAM P & KARA M LAHN $1,000
WINGATE AVENUE COMMUNITY CENTRE INC $1,000
WONTHAGGI LIGHT ENGINES $1,000
WOODEN PERFECTION CARPENTRY SOLUTIONS PTY LTD $1,000
WORKPLACE TRAINING AND ADVISORY AUST. PTY LTD $2,000
YBF PTY LTD $4,000
ZEALLY BAY SOURDOUGH PTY LTD $1,000
ZEZEKHOM PTY LTD $2,000
TOTAL $681,000
ENGAGING INDIA
UNIVERSITY OF MELBOURNE $156,000
TOTAL $156,000
EXPORT VICTORIA
7 CHEFS PTY LTD $5,051
AGLO SYSTEMS PTY LTD $1,136
AIR-RADIATORS PTY LTD $25,000
APEIRON ASIA PTY LTD $2,000
ASCET INSTITUTE OF TECHNOLOGY PTY LTD $6,825
ATECO AUTOMOTIVE PTY LIMITED $2,000
AUSTRALASIAN FRESH PTY LTD $2,000
AUSTRALIAN AUTOMOTIVE AFTERMARKET ASSOCIATION LIMITED $2,000
AUSTRALIAN INSTITUTE OF TECHNICAL TRAINING PTY LTD $2,000
AUSTRALIAN NATIONAL COLLEGE PTY LTD $2,000
AUSTRALIAN PROVINCIAL CHEESE PTY LTD $2,000
AUTOMOTIVE PARTS AUSTRALIA PTY LTD $2,000
AUTOTEST PRODUCTS PTY LTD $2,000
BLACK WIDOW ENTERPRISES PTY LTD $2,000
BONKERS TRADING GROUP PTY LTD $2,000
BOX HILL INSTITUTE OF TAFE $2,000
CITY OF WHITTLESEA $2,000
CLASSICA INTERNATIONAL PTY LTD $1,584
CRAIG DAVIES PTY LTD $2,000
CROW CAMS AUSTRALIA PTY LTD $2,000
CT FREIGHT PTY LTD $2,000
146 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
GEELONG MANUFACTURING COUNCIL
GMIC LTD $179,433
TOTAL $179,433
GREATER GEELONG INDUSTRY FUND
ASSOCIATED KILN DRIERS PTY LTD $125,000
BATES PIPES GEELONG PTY LTD $30,000
CARBON REVOLUTION PTY LTD $100,000
EXPRESS PROMOTIONS AUSTRALIA PTY LTD $165,000
FARM FOODS PTY LTD $215,000
IXL METAL CASTINGS PTY LTD $60,000
TOTAL $695,000
HAMER SCHOLARSHIPS
ALEXANDRA DUNGEY $10,000
ANDREW BENHAM $5,000
ANNA STREMPEL $10,000
ANTONIA HODGMAN $10,000
BRYANT SOORKIA $10,000
CASSIDY MCDONALD $10,000
CHELSEA HILSBERG $15,000
CHRIS BILLINGTON $10,000
DAVID NGO $7,500
ELIZABETH JOHNSTON $15,000
EMMA DOCKERY $10,000
HA LE $10,000
JAIME BERRILL $10,000
JAMES MUGODO $10,000
JESSE MICIC $10,000
JOSH POWER-SANDERS $15,000
KATE GREALY $10,000
LINDSAY GODING $10,000
LISA RENKIN $10,000
MARK GIFFORD $10,000
MATTHEW COUPER $15,000
NATALIE LILFORD $10,000
PHILIP HILTON $10,000
REANDRA JUWONO $10,000
REBECCA LAKE $10,000
ROBERT BROWNE $10,000
ROBERT MALCOLM $10,000
SAMUEL BASHFIELD $15,000
SCARLETT MCLEAN $15,000
SERGEY POCHEVSKIY $15,000
HAMER SCHOLARSHIPS CONT.
TESS MATTHEWS $10,000
TYLER GLEASON $10,000
VICTORIAN EMPLOYERS CHAMBER OF COMMERCE AND INDUSTRY $40,000
ZACHARY RUDD $10,000
ZENO JAGER $10,000
TOTAL $407,500
INDUSTRY CAPABILITY NETWORK - WHOLE OF GOVERNMENT
INDUSTRY CAPABILITY NETWORK (VICTORIA) LIMITED $1,427,500
TOTAL $1,427,500
INTERNATIONAL EDUCATION
ESSENDON FOOTBALL CLUB $50,000
HUONG DANG THI $20,000
JENNY BATNAG $10,000
XIAOCUI CATHERINE LOU $10,000
TOTAL $90,000
INTERNATIONAL EDUCATION STRATEGY
ESSENDON FOOTBALL CLUB $80,000
TOTAL $80,000
INTERNATIONAL STUDENT CARE SERVICES
MONASH UNIVERSITY $120,000
SWINBURNE UNIVERSITY OF TECHNOLOGY $60,000
TOTAL $180,000
INVESTING IN MANUFACTURING TECHNOLOGY
A & L WINDOWS PTY LTD $48,800
ABEY AUSTRALIA PTY LTD $125,000
AIR-RADIATORS PTY LTD $87,000
ALFRED LEWIS ENGINEERING PTY LTD $63,000
AMR HEWITTS PRINTPACKAGING PTY LTD $110,000
ANDREW ENGINEERING (AUST) PTY LTD $53,000
ARMACELL AUSTRALIA PTY LTD $54,900
ATCO ENGINEERING PTY LTD $24,000
AUSTRALIAN MINT OILS AND FLAVOURS PTY LTD $20,000
AUSTRALIAN VALVE & ENGINEERING PTY LTD $50,000
BERLISS PTY LTD $125,000
COVERCRAFTDIGITAL PTY LTD $35,000
DECOR ENGINEERING (AUST) PTY LTD $100,000
DIAMOND DELL PTY LTD $140,000
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 147
04 APPENDICES
INVESTING IN MANUFACTURING TECHNOLOGY CONT.
EGOTRADE PTY LTD $115,000
EPPING TIMBER PREFAB CO PTY LTD $80,804
ESSENTIAL FLAVOURS AND INGREDIENTS PTY LIMITED $85,650
FABTRONICS AUSTRALIA PTY LTD $238,900
FIBREMAKERS AUSTRALIA PTY LTD $138,000
FOODMACH PTY LTD $181,000
GEORGE LOVITT (MANUFACTURING) PROPRIETARY LIMITED $125,000
GIORGIO DENTAL LABORATORY PTY LTD $17,250
GLASSCO AUSTRALIA PTY LTD $125,000
GSA INDUSTRIES (AUST) PTY LTD $125,000
HAKUBAKU AUSTRALIA PTY LTD $37,500
HM ENGINES PTY LTD $61,000
IMPLANT SOLUTIONS PTY LTD $37,200
INDUSTRIAL BRUSHWARE PTY LTD $100,000
INTERVET AUSTRALIA PTY LTD $25,000
JARDAN AUSTRALIA PTY LTD $49,378
JEFF SYKES & ASSOCIATES PTY LTD $62,500
K H EQUIPMENT PTY LTD $100,800
KEECH CASTINGS AUSTRALIA PTY LIMITED $70,000
KOSDOWN PRINTING CO PTY LTD $102,200
KRUEGER TRANSPORT EQUIPMENT PTY LTD $125,000
LONGWARRY FOOD PARK PTY LTD $250,000
MELBOURNE DESK COMPANY PTY LTD $190,000
MINIFAB (AUST) PTY LTD $57,000
PENTAL LIMITED $40,850
PLASTOOL INTERNATIONAL PTY LTD $176,200
RADEVSKI COOLSTORES PTY LTD $125,000
RAMELA PTY LTD $163,000
RELAY MONITORING SYSTEMS PTY LTD $250,000
SATELIGHT DESIGN PTY LTD $26,200
SYRINX PHARMACEUTICALS PTY LTD $125,000
THE CAKE SYNDICATE PTY LTD $125,000
THINK FENCING PTY LTD $93,000
TRIMAS CORPORATION PTY LTD $125,000
TRU-BLU OIL AUSTRALIA PTY LTD $63,000
WATTLE ORGANIC FARMS PTY LTD $42,000
WETSPOT CONSOLIDATED (VIC) PTY LTD $57,000
TOTAL $4,946,132
MANUFACTURING PRODUCTIVITY NETWORKS
ADVANCED MANUFACTURING CRC LIMITED $150,000
AUSTRALIAN INDUSTRY & DEFENCE NETWORK - VICTORIA INC $40,000
AUSTRALIAN MANUFACTURING TECHNOLOGY INSTITUTE LTD $30,000
AUTOCRC LTD $250,000
AVIATION/AEROSPACE AUSTRALIA LTD $10,000
DMTC LIMITED $40,000
HIGH PERFORMANCE CONSORTIUM LIMITED $100,000
HUME CITY COUNCIL $29,816
MELBOURNE'S WEST EXPORT NETWORK INC $6,000
PREMIUM AUSTRALIAN FOODS PTY LTD $75,000
RECREATIONAL VEHICLE MANUFACTURING ASSOCIATION OF AUSTRALIA LIMITED $10,000
SOUTH EAST MELBOURNE MANUFACTURERS' ALLIANCE INC $20,000
SWINBURNE UNIVERSITY OF TECHNOLOGY $49,000
THE VICTORIAN VERNIER SOCIETY INC $13,000
TOTAL $822,816
REGIONAL AVIATION FUND
ECHUCA AERO FUEL PTY LTD $70,000
GANNAWARRA SHIRE COUNCIL $269,000
GOLDEN PLAINS SHIRE COUNCIL $893,943
GREATER BENDIGO CITY COUNCIL $300,000
LATROBE CITY COUNCIL $100,000
NORTHERN GRAMPIANS SHIRE COUNCIL $291,000
WANGARATTA RURAL CITY COUNCIL $150,000
WEST WIMMERA SHIRE COUNCIL $53,270
TOTAL $2,127,213
REGIONAL BLUEPRINT - INNOVATION THROUGH CLUSTERS
BALLARAT ICT LTD $10,300
CITY OF GREATER GEELONG $30,000
COMMITTEE FOR PORTLAND INC $10,000
EAST GIPPSLAND FOOD CLUSTER INCORPORATED $40,000
EAST GIPPSLAND SHIRE COUNCIL $5,000
ENTERPRISE ADVANTAGE PTY LTD $20,000
FRAME & TRUSS MANUFACTURERS ASSOCIATION OF AUSTRALIA LIMITED $10,000
GMIC LIMITED $260,000
MILDURA DEVELOPMENT CORPORATION INC $2,782
VICTORIAN ASSOCIATION OF MICROBREWERIES INC $8,000
148 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT.
A L C TRADING CO PTY LTD $2,000
A MAZE N THINGS PTY LTD $9,000
ABATEMENT SOLUTIONS - ASIA PACIFIC PTY LTD $2,000
ACCURATE PROFILE ROLL FORMING PTY LTD $3,000
ACTIV INTERNATIONAL PTY LTD $6,000
ADDICTIVE ENTERTAINMENT AND TOURS PTY LTD $2,864
ADVANCE VISION TECHNOLOGY (AUST.) PTY LTD $6,000
AESP PTY LTD $2,000
AFM INVESTMENT PARTNERS PTY LTD $3,000
AGRIBUSINESS GIPPSLAND INC $5,346
AGRO COMMODITIES PTY LTD $3,000
AGROPRAISALS PTY LTD $2,429
AINE MURPHY $15,000
AINSLEY BUDGE $5,000
AIR INTERNATIONAL THERMAL (AUSTRALIA) PTY LTD $3,000
ALFRED HEALTH $6,000
ALIGNER TECH PTY LTD $3,000
ALISTAIR ROBERTSON $10,000
ALLEN KUZMANOVIC $15,000
ALMOND BOARD OF AUSTRALIA INC $5,000
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATION OF VICTORIA INC $1,855
AMAROO SHOREHAM PTY LIMITED $6,000
AME SYSTEMS PTY LTD $3,000
ANDERYAN PTY LTD $3,000
ANISH KAMALKISHORE BAHETI $3,000
ANNEX FOODS PTY LTD $10,750
APPLE & PEAR AUSTRALIA LIMITED $6,000
APW INTERNATIONAL PTY LTD $2,000
AQUADEV PTY LTD $2,056
ARARAT ABATTOIRS EXPORTS PTY LTD $3,000
ARARAT MEAT EXPORTS PTY LTD $6,000
ARGO COMPUTING SERVICES PTY LTD $2,846
ASCET INSTITUTE OF TECHNOLOGY PTY LTD $1,958
ASSOCIATED CONTROLS (AUSTRALIA) PTY LTD $3,000
ATC WILLIAMS PTY LTD $2,000
ATLANTIC GROUP (V) PTY LTD $3,000
ATLAS ADVISORS AUSTRALIA PTY LTD $2,000
ATLITE (AUSTRALIA) PTY LTD $6,000
AULIFE PTY LTD $2,000
REGIONAL BLUEPRINT - INNOVATION THROUGH CLUSTERS CONT.
WIMMERA DEVELOPMENT ASSOCIATION INCORPORATED $24,500
WOOD PRODUCTS VICTORIA LTD $15,000
TOTAL $435,582
REGIONAL BLUEPRINT - INDUSTRY CAPABILITY NETWORK
INDUSTRY CAPABILITY NETWORK (VICTORIA) LIMITED $521,293
TOTAL $521,293
TRANSITION TO A GLOBAL FUTURE
ABLE INDUSTRIES ENGINEERING PTY LTD $4,000
AUSTRALIAN INDUSTRY & DEFENCE NETWORK INC - VICTORIA $22,500
AUTOCRC LTD $31,500
CALBAH INDUSTRIES PTY LTD $125,000
DIVER METAL PRODUCTS PTY LTD $150,000
ELECTROMOLD AUSTRALIA PTY LTD $4,000
OMNIBLEND PTY LTD $90,000
QINETIQ PTY LTD $4,000
RPC TECHNOLOGIES PTY LTD $4,000
UNIVERSAL LOGIC PTY LTD $115,000
WILSON TRANSFORMER COMPANY PROPRIETARY LIMITED $250,000
TOTAL $800,000
VGBO’S INTERNATIONAL NETWORK
AUSTRALIA-CHINA YOUTH DIALOGUE $10,000
TOTAL $10,000
VICTORIA - LEADER IN LEARNING
MELBOURNE CITY COUNCIL $50,000
TOTAL $50,000
VICTORIAN INDUSTRY AND MANUFACTURING STRATEGY
SAMMITR (AUSTRALIA) PTY LTD $20,505
TOTAL $20,505
VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE
7 CHEFS PTY LTD $7,398
A B FOOD & BEVERAGES AUSTRALIA PTY LIMITED $2,000
A C SMART LINK PTY LTD $3,000
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 149
04 APPENDICES
VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT.
BARKLY INTERNATIONAL COLLEGE PTY LTD $3,000
BARRO GROUP PTY LTD $6,000
BARRY PIPPIN $10,000
BELLINGHAM MARINE AUSTRALIA PTY LTD $3,000
BEMCO (AUSTRALIA) PTY LTD $12,000
BENDIGO TAFE $3,000
BENJAMIN BUCHANAN $15,000
BEONIC TECHNOLOGIES PTY LTD $2,271
BERKELEY COLLEGE PTY LTD $6,000
BERRAWORTH EXPORTS PTY LTD $3,000
BGH INTERNATIONAL PTY LTD $2,503
BGP INTERNATIONAL PTY LTD $3,000
BIBTECH PTY LTD $3,000
BIM CONSULTING PTY LTD $3,000
BISON UNITED PTY LTD $5,842
BIZ CATALYST PTY LTD $2,821
BJSB PTY LTD $3,000
BLACKJACK WINES PTY LTD $3,000
BLEND AND PACK PTY LTD $3,000
BLERICK PTY LTD $3,000
BLUE BIRD PRODUCTS AUSTRALIA PTY LTD $3,000
BLUE PYRENEES ESTATE PTY LTD $6,813
BLUESTARS REAL ESTATE PTY LTD $3,000
BODSQUAD AUSTRALIA PTY LTD $2,000
BOGDAN INVESTMENTS PTY LTD $6,866
BONKERS TRADING GROUP PTY LTD $8,000
BOUTIQUE BEVERAGES (VIC) PTY LTD $1,808
BOX GROVE VINEYARD $3,000
BOX HILL INSTITUTE OF TAFE $11,600
BRIGHTSTONE CAPITAL ADVISORS PTY LTD $5,000
BRIMIN PARK PTY LTD $3,000
BROKERS ENVIRONMENTAL PTY LTD $7,000
BROWN BROTHERS MILAWA VINEYARD PTY LIMITED $2,000
BUCHAN GROUP INTERNATIONAL PTY LTD $3,000
BULPADOK PTY LTD $3,000
BURRA FOODS PTY LTD $3,000
BUSH HERITAGE AUSTRALIA $2,000
BUSINESS INTELLIGENCE TECHNOLOGIES PTY LTD $6,000
C LEARNING PTY LTD $3,000
C S & N S MARCH PTY LTD $5,000
VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT.
AURECON AUSTRALIA PTY LTD $2,646
AUSPRO GROUP PTY LTD $3,000
AUSSIEHOME REAL ESTATE PTY LTD $5,000
AUSTAR INTERNATIONAL PTY LTD $3,000
AUST-GRAIN EXPORTS PTY LTD $3,000
AUSTRALASIAN ACADEMY OF TENNIS COACHES PTY LTD $4,845
AUSTRALASIAN PODIATRY COUNCIL $3,000
AUSTRALASIAN WINE EXPORTERS PTY LTD $9,377
AUSTRALIA CHINA BUSINESS COUNCIL $3,000
AUSTRALIA FRUITS PTY LTD $2,789
AUSTRALIA LIAN HE PTY LTD $5,000
AUSTRALIAN AUTOMOTIVE AFTERMARKET ASSOCIATION LIMITED $5,000
AUSTRALIAN CHUMMIN PTY LTD $3,000
AUSTRALIAN CONSOLIDATED MILK PTY LTD $3,000
AUSTRALIAN DAIRY PARK PTY LTD $3,000
AUSTRALIAN FINE FOODS PTY LTD $8,000
AUSTRALIAN INDUSTRY & DEFENCE NETWORK - VICTORIA INC $2,000
AUSTRALIAN INSTITUTE OF TECHNICAL TRAINING PTY LTD $6,000
AUSTRALIAN LAMB COMPANY PTY LTD $3,000
AUSTRALIAN NATIONAL COLLEGE PTY LTD $6,000
AUSTRALIAN ORGANIC HONEY COMPANY PTY LIMITED $2,000
AUSTRALIAN PRIME XPORT BEEF PTY LTD $3,000
AUSTRALIAN PROVINCIAL CHEESE PTY LTD $8,000
AUSTRALIAN TABLEGRAPE ASSOCIATION INC $5,000
AUSTRALIAN UNITY LIMITED $3,000
AUSTRALIAN WINE TOUR COMPANY PTY LTD $6,000
AUTOCRC LTD $3,000
AUTOMOTIVE PERFORMANCE SOLUTIONS PTY LTD $2,841
AV ASSIST PTY LTD $3,000
AVALON AIRPORT AUSTRALIA PTY LTD $6,000
AVARA TECHNOLOGIES PTY LTD $2,744
AVIA AIRCRAFT PTY LTD $3,000
AVIATION COMPLIANCE SOLUTIONS PTY LTD $3,000
AXFORD OLSZEWSKI STRATEGIES PTY LTD $3,000
B BURRELL & S J FRIEND $2,000
B W & J RYAN PROPRIETARY LIMITED $3,000
BAPTISTA WINES PTY LTD $3,000
150 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT.
COMPLETE POST PRODUCTION CENTRE PTY LTD $3,000
COMPUTIST BIO-NANOTECH PTY LTD $3,000
CONSTRAINT TECHNOLOGIES INTERNATIONAL PTY LIMITED $4,857
CONTEMPLATIVE PTY LTD $2,000
CONTRACT HELIS PTY LTD $3,000
CONTRACT KEGS PTY LTD $5,000
CORONA MANUFACTURING PTY LTD $3,000
COUNTRY CUISINE (AUST) PTY LTD $6,000
COX ARCHITECTURE PTY LTD $3,000
CPT GLOBAL LIMITED $6,000
CRAIG DAVIES PTY LTD $2,000
CRC FOR WATER SENSITIVE CITIES LTD $3,000
CROW CAMS AUSTRALIA PTY LTD $2,000
CROWN MELBOURNE LIMITED $6,000
CRUSHING EQUIPMENT PTY LTD $2,000
CUMPARI PASTA COMPANY PTY LTD $5,550
DAIRY AUSTRALIA LIMITED $3,000
DAKKA TRADING PTY LTD $3,000
DAVID LOCK ASSOCIATES (AUSTRALIA) PTY LTD $2,956
DAYCO AUSTRALIA PTY LIMITED $3,000
DC CAPITAL ADVISORS PTY LTD $5,000
DEAKIN UNIVERSITY $8,779
DESTINATION PHILLIP ISLAND INC $8,583
DISCOVER ENGLISH PTY LTD $4,994
DOOEN ENGINEERING SERVICES PTY LTD $3,000
DOWNUNDER RECREATIONAL TOURS PTY LTD $7,412
DPMENG PTY LTD $7,994
DRIVER EDUCATION CENTRE OF AUSTRALIA LIMITED $3,000
DULUXGROUP (AUSTRALIA) PTY LTD $6,000
DURATRAY INTERNATIONAL PTY LTD $2,000
DZHON PTY LTD $2,000
EACH $3,000
EARTH SYSTEMS CONSULTING PTY LTD $5,497
EAST GIPPSLAND FOOD CLUSTER INCORPORATED $5,852
EASYCHEF PTY LTD $2,000
E-CENTRICINNOVATIONS PTY LTD $3,000
ECO PACIFIC PTY LTD $3,000
ECOTECH PTY LTD $4,382
EEC INTERNATIONAL PTY LTD $3,000
ELENBERG FRASER PTY LTD $3,000
VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT.
C T FREIGHT PTY LTD $5,015
CAPRICORNIA PTY LTD $9,000
CARAMELICIOUS $2,000
CARBON MARKET INSTITUTE LIMITED $1,910
CAREER LIFE COLLEGE PTY LTD $3,000
CAREERS FAST TRACK PTY LTD $2,000
CASALINGO FOODS PTY LTD $2,000
CASTLE TOURISM AND ENTERTAINMENT PTY LTD $3,000
CATALYST ASIA TRADE EXCHANGE (AUS) PTY LTD $3,000
CBRE (C) PTY LIMITED $3,000
C-COR BROADBAND AUSTRALIA PTY LTD $3,000
CEDAR MEATS (AUST) PTY LIMITED $2,000
CEI PTY LIMITED $3,000
CELEMETRIX AUSTRALIA PTY LTD $3,000
CENTRAL GIPPSLAND INSTITUTE OF TAFE $3,000
CENTRAL HIGHLANDS AGRIBUSINESS FORUM INC $5,642
CENTRE FOR AGRICULTURE AND BUSINESS YARRA VALLEY INC $5,704
CERTAINTY COMPLIANCE PTY LTD $2,000
CERTATECH HOLDINGS PTY LTD $3,000
CERTIFIED FRESH (AUSTRALIA) PTY LTD $3,000
CETEC PTY LTD $3,000
CHAMBER MUSIC AUSTRALIA INC $3,000
CHASSIS BRAKES INTERNATIONAL (AUSTRALIA) PTY LTD $1,044
CHATEAU YERING HISTORIC HOUSE HOTEL PTY LTD $3,000
CHERIE MACKLIN $10,000
CHERISH INTERNATIONAL PTY LTD $3,000
CHISHOLM INSTITUTE OF TECHNICAL AND FURTHER EDUCATION $4,603
CIRCA GROUP PTY LTD $3,000
CITOLA LTD $9,000
CITRUS AUSTRALIA LTD $2,658
CITY LIVING (AUST) PTY LTD $3,000
CITY OF GREATER GEELONG $3,000
CITY OF WHITTLESEA $2,000
CLAIRE SHEED-FINCK $10,000
CLARINOX TECHNOLOGIES PTY LTD $3,000
CLEAN TEQ LIMITED $2,000
COMMSFORCE PTY LTD $3,000
COMPELLING ECONOMICS PTY LTD $3,000
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 151
04 APPENDICES
VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT.
GAP AUSTRALIAN PRODUCE EXPORTS PTY LTD $3,000
GASCO PTY LTD $2,000
GAUDI DESIGN PTY LTD $3,000
GDV GLOBAL DIGITAL VISION PTY LTD $2,616
GEELONG PERFORMING ARTS CENTRE $2,887
GELATAVITA MANAGEMENT PTY LTD $3,000
GENIUS LINK ASSETS MANAGEMENT PTY LTD $2,388
GENIX VENTURES PTY LTD $7,968
GEO AUSTRALIA PTY LTD $2,000
GET LOST TRAVEL PTY LTD $3,000
GILES WADE PRIVATE WEALTH PTY LTD $3,000
GIPPY FOODS PTY LTD $9,000
GLEN CAMERON NOMINEES PTY LTD $3,000
GLICKS CAKES & BAGELS PTY LTD $2,000
GLOBAL BALLOONING AUSTRALIA PTY LTD $9,000
GLOBAL EDUCATION AND TRAINING GROUP PTY LTD $3,000
GMS COMPOSITES PTY LTD $2,000
GOLDQUEST HOTELS PTY LIMITED $3,000
GOONA WARRA VINEYARD PTY LTD $10,000
GOULBURN ENTERPRISES (AUSTRALIA) PTY LTD $3,000
GOULBURN OVENS INSTITUTE OF TAFE $3,000
GRAHAM JONES INTERNATIONAL PTY LTD $2,804
GRANDCITY (AUSTRALIA) TRAVEL & TOUR PTY LTD $3,000
GRAY LINE OF MELBOURNE PTY LTD $8,428
GREAT SOUTHERN TOURING ROUTE INC $9,000
GREAT SOUTHERN WATERS PTY LTD $3,000
GREENARD WILLING INDIA PTY LTD $3,000
GREENARD WILLING PTY LTD $3,000
HARCOURT VALLEY VINEYARDS PTY LTD $10,000
HARVEST BOX PTY LTD $9,000
HATLAR GROUP PTY LTD $6,000
HEALTH CAREERS INTERNATIONAL PTY LTD $3,000
HELI-SERV PTY LTD $3,000
HF PROMOTIONS PTY LTD $6,000
HOLMESGLEN INSTITUTE OF TAFE $3,000
HOOGWEGT AUSTRALIA PTY LTD $3,000
HUW SLATER $5,000
HYDRONUMERICS PTY LTD $7,000
HYPERLOCAL PTY LTD $4,870
VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT.
EMERALD GRAIN PTY LTD $3,000
EMERALD TOURIST RAILWAY BOARD $8,844
EMERGENCY WARNING SYSTEMS PTY LTD $5,999
ENTERPRISE ARCHITECTS (VIC) PTY LTD $3,000
ENVEST ECO CITY PTY LTD $3,000
ENVIROSTREAM SOLUTIONS PTY LTD $3,000
EPWORTH FOUNDATION $3,000
EQUUS INTERNATIONAL $3,000
ESSENTIAL ECONOMICS PTY LTD $3,000
ESSENTIAL FLAVOURS AND INGREDIENTS PTY LIMITED $3,000
EVANS AND PARTNERS PTY LTD $3,000
EVISION PTY LIMITED $6,000
EXASITES PTY LTD $2,917
EXCELCON PTY LTD $3,000
EXCELSIOR INTERNATIONAL PTY LIMITED $2,785
EXQUISINE PTY LTD $6,000
EXTRAGREEN HOLIDAYS (AUST) PTY LTD $3,000
F R PERRY & ASSOCIATES PTY LTD $2,774
FABRIC GROUP PTY LTD $3,000
FALCON CAPITAL PTY LTD $3,933
FARINET PTY LTD $2,765
FBT-TRANSWEST PTY LTD $3,000
FELIX DOMUS PTY LIMITED $3,000
FENDER KATSALIDIS (AUST) PTY LTD $3,000
FIDELIA SYSTEMS (AUSTRALIA) PTY LTD $8,018
FLASHFX PTY LTD $2,927
FLEXANSWER SOLUTIONS PTY LTD $3,000
FLIGHT TECH AEROSPACE $3,000
FLOWERDALE SPROUT FARM PTY LTD $1,497
FMEVOLUTION PTY LTD $2,775
FOOD FOR HEALTH PTY LTD $3,000
FOURSIGHT ARCHITECTS PTY LTD $3,000
FRACTAL MULTIMEDIA PTY LIMITED $3,000
FREE TO ROAM AUSTRALIA PTY LTD $3,000
FRESH VENT PTY LTD $5,468
FREWSTAL PTY LTD $3,000
FULCRUM MANUFACTURING EXPORT PTY LTD $3,000
G21 AGRIBUSINESS FORUM INC $5,653
GADENS LAWYERS $3,000
GAMM FOODS PTY LTD $2,000
152 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT.
KOOKA'S COUNTRY COOKIES PTY LTD $2,000
KOTCH ENTERPRISES PTY LTD $3,000
KUWAII $2,000
L & B WORLDWIDE AUSTRALIA PTY LTD $3,000
LA TROBE UNIVERSITY $9,000
LAB ARCHITECTURE STUDIO PTY LTD $3,000
LADYS CREEK VINEYARD $3,000
LANGREY INTERNATIONAL PTY LTD $12,000
LANGUAGE PARTNER PTY LTD $3,000
LATROBE CITY COUNCIL $3,000
LEADING AGE SERVICES AUSTRALIA - VICTORIA $6,000
LEARNING DIMENSIONS NETWORK PTY LTD $3,000
LENBRIDGE FORGE PTY LTD $3,000
LEO PRIESTNALL $15,000
LISA BARRON PTY LTD $2,000
LISKIBRAE PTY LTD $3,000
LONG FENG INTERNATIONAL AUSTRALIA PTY LTD $2,418
M NGUYEN & V A NGUYEN $2,000
M3 PROPERTY (VIC) PTY LTD $3,000
MADE (AUST) PTY LTD $3,000
MAINLINE AUTOMOTIVE EQUIPMENT PTY LTD $3,000
MAINSTREAM AQUACULTURE PTY LTD $8,000
MALVERN INSTITUTE PTY LTD $3,000
MANALLACK PROPRIETARY LIMITED $3,000
MANDEL TRADING PTY LTD $3,000
MANDURANG VALLEY WINES $3,000
MARINE TECH INDUSTRIES AUSTRALIA PTY LTD $2,564
MARWA FOODS PTY LTD $3,000
MATIM PTY LTD $6,000
MBD ENERGY LIMITED $3,000
MCCARTHY PSYCHOLOGY SERVICES PTY LTD $3,000
MCG INTERNATIONAL PTY LTD $2,000
MCLEAN DELMO BENTLEYS PTY LTD $5,000
MCLEOD RAIL PTY LTD $2,000
MCOMMS DESIGN PTY LTD $3,000
MEAT TENDER PTY LTD $10,000
MEATENG PTY LTD $9,000
MECWA $3,000
MEDHURST WINES PTY LTD $3,000
MEDIA EQUATION PTY LTD $2,990
MEDIAPROXY PTY LTD $3,000
VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT.
IAN PARKER $5,000
IBUILD DEVELOPMENTS PTY LTD $3,000
INDEPENDENT MANAGEMENT GROUP PTY LTD $2,026
INFOACTIV LOGISTICS SOLUTIONS PTY LTD $3,000
INFRARISK PTY LTD $3,000
INNOVATIVE MECHATRONICS GROUP PTY LTD $3,000
INTEGR8TIV PTY LTD $3,000
INTEGRATED DESIGN & ENGINEERING SOLUTIONS PTY LTD $3,000
INTERAUST FOODS PTY LTD $5,000
INTERNATIONAL EDUCATION ACADEMIES GROUP PTY LTD $2,708
INTERNATIONAL MARKETING AUSTRALIA PTY LTD $8,000
INTERNATIONAL SUPPLIES & DISTRIBUTION COMPANY PTY LTD $4,772
INTERNATIONAL URBAN STRATEGIES PTY LTD $5,790
INTRINSIC INVESTMENT MANAGEMENT PTY LTD $3,000
IPM TECHNOLOGIES PTY LTD $3,000
IROAM GLOBAL PTY LTD $2,826
I-TELERAD PTY LTD $3,000
ITO EN AUSTRALIA PTY LIMITED $2,000
JACK DWYER $10,000
JARROD CLAGUE $15,000
JDLF INTERNATIONAL PTY LTD $6,000
JOE SWEENEY $10,000
JOHN RONEY $5,000
JOLET UCCHINO $3,000
JOSHUA HEMMING $10,000
JUDY DIANNE MAYALL $2,000
JULIEN LEYRE $10,000
KADU F & B SOLUTIONS PTY LTD $3,000
KANGAN INSTITUTE $8,945
KAREN KNOWLES ENTERPRISES PTY LTD $5,000
KBSG PTY LTD $3,000
KERR & CO TRADING PTY LTD $3,000
KEY CREATIVE PTY LTD $6,000
KILBAHA PTY LTD $2,659
KIM FLETCHER MILLINERY ART $4,845
KINGFISHER INTERNATIONAL PTY LTD $3,000
KINRARA PTY LTD $2,000
KOALA COUNTRY ORCHARDS PTY LTD $3,000
KOKO BLACK GROUP PTY LTD $2,476
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 153
04 APPENDICES
VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT.
NET BALANCE MANAGEMENT GROUP PTY LTD $5,000
NEUROSCIENCES VICTORIA LIMITED $3,000
NEXT DIGITAL GROUP PTY LTD $2,886
NEXTEER AUTOMOTIVE AUSTRALIA PTY LTD $2,923
NEXUS DESIGNS PTY LTD $3,000
NEZKOT PTY LIMITED $2,000
NG TECHNOLOGY PTY LTD $3,000
NICHOLAS MANZONI $5,000
NIGEL ALDONS $5,000
NORTHERN GRAMPIANS SHIRE COUNCIL $3,000
NORTHERN MELBOURNE INSTITUTE OF TAFE $6,000
NOVATTI PTY LTD $3,000
NSYNERGY PTY LTD $3,000
O1A INTERNATIONAL PTY LTD $6,000
OASIS EXPORTS PTY LTD $3,000
OBENA FALLS PTY LTD $7,000
OCEANIA GOURMET PTY LTD $3,000
OMEGA GLOBAL INVESTORS PTY LTD $5,000
OMG IMPORTS PTY LTD $3,000
OPEN CHANNEL CO-OPERATIVE LIMITED $3,000
OPTIMISING PTY LTD $2,928
OPTOTECH PTY LTD $6,000
OURSAY PTY LTD $2,130
OUTLOOK HILL $3,000
OXLEY INTERNATIONAL PTY LTD $1,945
P R BICKNELL & P A BICKNELL $2,000
PADGHAM & COX PTY LTD $3,000
PALM CONSOLIDATED PTY LTD $3,000
PANA CHOCOLATE PTY LTD $3,000
PAPERCUT SOFTWARE INTERNATIONAL PTY LTD $6,000
PASSION FOR PASTA PTY LTD $2,727
PCR AUSTRALASIA PTY LTD $6,000
PDG MANAGEMENT PTY LTD $3,000
PEDDLE THORP MELBOURNE PTY LTD $3,000
PEERCORE IT PTY LTD $6,000
PEERLESS HOLDINGS PTY LIMITED $2,000
PENINSULA HELICOPTERS PTY LTD $3,000
PENINSULA HOT SPRINGS PTY LTD $5,904
PENINSULA SEAROAD TRANSPORT PTY LTD $6,000
PERFETTO INTERNATIONAL PTY LTD $3,000
PERIPLOI AVIATION $3,000
VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT.
MEGA CONSOLIDATED AUSTRALIA PTY LTD $2,000
MELBOURNE BUSINESS COACHING PTY LTD $2,000
MELBOURNE CITY COUNCIL $6,000
MELBOURNE CONVENTION BUREAU LIMITED $4,513
MELBOURNE EUREKA TOWER OBSERVATION DECK PTY LTD $6,000
MELBOURNE HEALTH $3,000
MELBOURNE PRIVATE TOURS $2,727
MELBOURNE SHORT STAY APARTMENTS PTY LTD $6,000
MEMKO PTY LTD $3,000
MEREDITH DAIRY PTY LTD $6,000
METALSA AUSTRALIA PTY LIMITED $3,000
MEYA INNOVATIONS PTY LTD $6,000
MIDDLE CREEK VINEYARD PTY LTD $4,869
MIGENIUS PTY LTD $3,000
MILSPEC MANUFACTURING PTY LTD $2,000
MIND BLOWING FILMS PTY LTD $5,000
MINNIS HORTICULTURAL SERVICES PTY LTD $2,161
MINT PERSONNEL PTY LTD $3,000
MINT TRAINING PTY LTD $3,000
MODO ARCHITECTURE PTY LTD $3,000
MONARCH INSTITUTE PTY LTD $3,000
MONASH UNIVERSITY $12,000
MOORABBIN AIRPORT CORPORATION PTY LIMITED $3,000
MORGAN STANLEY WEALTH MANAGEMENT AUSTRALIA PTY LTD $2,000
MORNINGTON PENINSULA SHIRE COUNCIL $9,000
MORSEAIR SYSTEMS PTY LTD $2,000
MOUNT BULLER AND MOUNT STIRLING RESORT MANAGEMENT BOARD $6,000
MULTIPANEL PTY LTD $3,000
MURPHY TRANSPORT SOLUTIONS PTY LTD $3,000
MURRAY RIVER ORGANICS PTY LTD $12,000
MURRINDINDI VINEYARDS PTY LTD $3,000
MUSEUM OF CHINESE AUSTRALIAN HISTORY INCORPORATED $3,000
MYL PTY LTD $3,000
N D Y MANAGEMENT PTY LTD $2,000
NAGAMBIE WINE CORPORATION PTY LTD $3,000
NATIONAL AGEING RESEARCH INSTITUTE LIMITED $3,000
NEGOTIACTION PTY LTD $3,000
154 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT.
SAFEROADS PTY LTD $3,000
SAFIR TOURS PTY LTD $2,650
SALLY BURCHARD $10,000
SALUS HEALTHCARE PTY LTD $3,000
SAMPLE ROOM (VIC) PTY LTD $5,000
SANCELL PTY LTD $2,821
SANDHURST RIDGE $8,000
SANJUKU INTERNATIONAL $2,082
SASK INTERNATIONAL EXPORT & IMPORT PTY LTD $6,186
SAVANNAH'S FOODS PTY LTD $2,000
SCOPEASIA PTY LTD $3,000
SCORPIO FOODS PTY LTD $4,954
SEAN MAHER $10,000
SEANG SENG (SEAN) YEOH $15,000
SELECT HARVESTS FOOD PRODUCTS PTY LTD $7,000
SERLINA CHU $10,000
SEVEN FIELDS OPERATIONS PTY LTD $3,000
SEVEN PEAKS CONSULTING PTY LTD $2,000
SGS ECONOMICS AND PLANNING PTY LTD $2,839
SINGLE SERVE PACKAGING PTY LTD $3,350
SKY SOFTWARE PTY LTD $3,000
SM@RTTRANS LTD $3,000
SNAKES AND LADDERS CIDER PTY LTD $1,699
SOUTH GIPPSLAND WINE COMPANY PTY LTD $3,000
SOUTHERN CROSS COMPUTER SYSTEMS PTY LTD $3,000
SOUTHERN PRODUCE TRADERS PTY LTD $1,992
SOUTHGATE HOTEL MANAGEMENT PTY LTD $3,000
SPACES PTY LTD $3,000
SPECIALISED INVESTMENT AND LENDING CORPORATION PTY LTD $5,000
SPECTRUM MS PTY LTD $3,000
SPEEDSHIELD TECHNOLOGIES PTY LTD $3,000
SPICE TELECOM AUSTRALIA PTY LTD $6,000
SPIIRE AUSTRALIA PTY LTD $6,000
SPRUIK GROUP (AUSTRALIA) PTY LTD $3,000
STAGONO PTY LTD $7,000
STONESTAR WHOLESALE PTY LTD $2,000
STRATICA INTERNATIONAL PTY LTD $6,000
STREAMLINE SOLUTIONS PTY LIMITED $3,000
STUDIO 505 PROPRIETARY LIMITED $6,000
VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT.
PETERS COMMODITIES PTY LTD $5,000
PHILLIP CAPITAL LIMITED $2,000
PHILLIP ISLAND NATURE PARK BOARD OF MANAGEMENT INC $6,000
PHILLIPPA'S PTY LTD $3,000
PILOT ATHLETIC PTY LTD $3,000
PILOT FREIGHT PTY LTD $2,048
PLANISPHERE PTY LTD $1,912
PLANNING INSTITUTE OF AUSTRALIA LIMITED $3,000
PLASTAG PTY LTD $3,000
POINT OF ORIGIN PTY LTD $13,698
POLYGLOT PUPPET THEATRE LTD $3,000
POLYMERIC POWDERS COMPANY PTY LTD $2,000
PONTE (GFS) PTY LTD $6,000
POPINA (VIC) PTY LTD $5,000
POPPET INTERNATIONAL PTY LTD $5,817
PREMIUM AUSTRALIAN FOODS PTY LTD $3,000
PRO PORTION FOODS PTY LTD $6,000
PYROTEK PTY LTD $3,000
QUEEN STREET PARTNERS PTY LIMITED $2,583
R & R GROUP SERVICES PTY LTD $3,000
R HAN & D HUANG $2,918
R I MCAULIFFE & R J MCAULIFFE $4,000
R J & R C INVESTMENTS PTY LIMITED $2,827
RADEVSKI COOLSTORES PTY LTD $3,000
RAINBOW INTERNATIONAL ENTERPRISES PTY LIMITED $3,000
RALPHS MEAT COMPANY PTY LTD $3,000
RAMDRAFT PTY LTD $3,000
RANDALL ARTS MANAGEMENT PTY LTD $3,000
RAPHAEL MCQUEENIE $5,000
RAVEN PARK PTY LTD $3,000
RAYNER'S ORCHARD $3,000
RECTIFIER TECHNOLOGIES PACIFIC PTY LTD $5,563
REDBACK HEALTH SERVICES PTY LTD $3,000
RELAY MONITORING SYSTEMS PTY LTD $3,000
ROB DOLAN WINES PTY LTD $3,000
ROMTECK PTM PTY LTD $3,000
RONSON GEARS PROPRIETARY LIMITED $2,000
ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY $17,381
RYAN MEAT COMPANY PTY LTD $3,000
SAFE SLEEP SPACE PTY LTD $3,000
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 155
04 APPENDICES
VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT.
THREE LAMBS PTY LTD $5,000
TOBY DICKSON $5,000
TRACT CONSULTANTS PTY LTD $3,000
TRADEWORTHY PTY LTD $3,000
TRAINSEM PTY LTD $3,000
TREASURE GROUP PTY LTD $1,838
TRIMBLE PLANNING SOLUTIONS PTY LTD $6,000
TRISTAN TAN $5,000
TRISTAR AVIATION COMPANY PTY LTD $3,000
TRUE EDUCATION PTY LTD $3,000
TWO BULLS HOLDINGS PTY LTD $3,000
UNIFIED HEALTHCARE GROUP PTY LTD $3,000
UNIVERSAL BAKERY AUSTRALIA PTY LTD $1,946
UNIVERSITY OF MELBOURNE $16,516
UOM COMMERCIAL LTD $3,000
UPWEY VALVE & ENGINEERING PTY LTD $2,000
URBAN BIO SYSTEMS PTY LTD $3,000
URBAN DEVELOPMENT INSTITUTE OF AUSTRALIA (VICTORIA) $9,000
URBAN REFORESTATION $2,309
UTILIBILL PTY LTD $3,000
VARCON CONSTRUCTIONS (AUST) PTY LTD $3,000
VASCO INVESTMENT MANAGERS LIMITED $5,000
VEDALEON TECHNOLOGIES PTY LTD $3,000
VENTURE DMG PTY LTD $1,788
VEYANCE BELTING PTY LTD $2,000
VICPAK PTY LTD $3,000
VICTORIA INVESTMENTS AND PROPERTIES PTY LTD $3,000
VICTORIA UNIVERSITY $4,650
VICTORIAN AGRIBUSINESS COUNCIL INC $6,000
VICTORIAN FARMERS FEDERATION $2,000
VICTORIAN PARTNERSHIP FOR ADVANCED COMPUTING LIMITED $3,000
VICTORIAN TAFE INTERNATIONAL INC $3,000
VICTORIAN TRANSPORT ASSOCIATION INC $3,000
VIN 888 PTY LTD $3,000
VISIONSTREAM PTY LIMITED $3,000
VOICECAM $3,000
VPAC INNOVATIONS PTY LTD $3,000
VUPLEX GROUP PTY LTD $3,000
WANDIN VALLEY FARMS $6,000
VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT.
STUMPY GULLY VINEYARD PTY LTD $3,000
SUE HODGES PRODUCTIONS PTY LTD $2,000
SUMMERFRUIT AUSTRALIA LIMITED $11,000
SUN HEALTH FOODS PTY LTD $6,000
SUNNY RIDGE EPICURE PTY LTD $3,000
SUNRAYSIA DRIED FRUITS PTY LTD $3,000
SUPACAT PTY LTD $3,000
SUSTAINABILITY VENTURES PTY LTD $3,000
SUSTAINABLE MELBOURNE FUND $1,953
SWINBURNE UNIVERSITY OF TECHNOLOGY $8,870
SYME ON YARRA PTY LTD $3,000
SYPAQ SYSTEMS PTY LTD $3,000
TAG ASSET CONSULTING GROUP PTY LTD $2,718
TECH RESOURCE - TECHNOLOGY, TEAMS, TALENT $3,000
TECHNOSOURCE AUSTRALIA PTY LTD $3,000
TECTURA PTY LTD $3,000
TEKMED PTY LTD $3,000
TETFU TRADING PTY LTD $10,286
THE AUSTRALIAN RETAILERS ASSOCIATION $3,000
THE AUSTRALIAN TABLE GRAPE ASSOCIATION $3,000
THE AUSTRALIAN TURNTABLE CO PTY LTD $3,000
THE CAKE SYNDICATE PTY LTD $3,000
THE DECOR CORPORATION PTY LTD $8,000
THE EXPERIENCES GROUP PTY LTD $6,000
THE GLOBAL FOUNDATION $3,000
THE GOURMET NUT COMPANY PTY LTD $11,821
THE HAIRY ARM WINE COMPANY PTY LTD $3,000
THE HANGING ROCK WINERY PTY LTD $3,000
THE PERSONNEL RISK MANAGEMENT GROUP PTY LTD $8,000
THE REGIMENTAL CONDIMENT COMPANY PTY LTD $7,000
THE ROYAL AGRICULTURAL SOCIETY OF VICTORIA LIMITED $5,000
THE SCOTCHMANS HILL GROUP PTY LTD $2,378
THE SOVEREIGN HILL MUSEUMS ASSOCIATION $6,000
THE SWANN GROUP PTY LTD $2,000
THE VEGETABLE CONNECTION PTY LTD $2,345
THE VICTORIAN HEALTHCARE ASSOCIATION LIMITED $3,000
THERMO TRANSIT TECHNOLOGIES PTY LTD $3,000
THOMSON ADSETT (VICTORIA) PTY LTD $3,000
156 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
REGIONAL DEVELOPMENT VICTORIA GRANTS
Grant payments totalling $155 million made to companies and organisations in 2013-14 under the department’s various RDV grants programs are detailed below.
COMMUNITY SUPPORT FUNDING - COMMUNITY COMMITMENTS
GREAT OCEAN ROAD COAST COMMITTEE INCORPORATED $900,000
LIONS CLUB OF KERANG INC $5,000
NOWEYUNG LTD $315,000
THE BENDIGO TRUST $50,000
WHITTLESEA AGRICULTURAL SOCIETY INCORPORATED $3,000
WONTHAGGI CITIZENS BAND INC $32,000
TOTAL $1,305,000
CSF FUNDING - COMMUNITY FACILITIES: SUPPORTING GROWING COMMUNITIES, BUSHFIRE AREAS PROGRAM
LABERTOUCHE & DISTRICT COMMUNITY CENTRE INC $18,750
LATROBE CITY COUNCIL $30,000
MURRINDINDI SHIRE COUNCIL $84,000
YARRA RANGES SHIRE COUNCIL $18,000
TOTAL $150,750
CSF FUNDING - VICTORIAN COMMUNITY SUPPORT
ALPINE SHIRE $20,320
BAW BAW SHIRE COUNCIL $10,000
CORANGAMITE SHIRE COUNCIL $40,000
GANNAWARRA SHIRE COUNCIL $91,627
GREATER SHEPPARTON CITY COUNCIL $27,000
MANSFIELD SHIRE COUNCIL $17,000
MOORABOOL SHIRE COUNCIL $26,822
PENINSULA HEALTH $23,868
SWAN HILL RURAL CITY COUNCIL $223,200
TOTAL $479,837
FARMERS MARKETS SUPPORT PROGRAM
BAW BAW SHIRE COUNCIL $18,000
FRIENDS OF ST BRIGID'S ASSOCIATION INC $10,000
GOLDEN PLAINS SHIRE COUNCIL $27,500
HEPBURN SHIRE COUNCIL $7,500
HUME MURRAY FOOD BOWL $10,000
VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT.
WATTLE CLINIC PTY LTD $3,000
WEII INTERNATIONAL TRADING PTY LTD $3,000
WENIC PTY LTD $3,000
WESTERN INSTITUTE OF TECHNOLOGY PTY LTD $3,000
WILDLIFE COAST CRUISES PTY LTD $5,885
WILLIAM ANGLISS INSTITUTE OF TAFE $3,000
WILLIAM TAING $10,000
WISA IRRIGATION SOLUTIONS PTY LTD $3,000
WODONGA INSTITUTE OF TAFE $3,000
YARRA RANGES REGIONAL MARKETING LTD $5,445
YARRA VALLEY SNACK FOODS PTY LTD $2,000
YORKE INSTITUTE PTY LTD $3,000
YOUHI AUSTRALIA PTY LTD $3,000
YOUNES KHAZOUR $2,000
ZHI HONG (AUST) GROUP PTY LTD $3,000
ZILZIE WINES PTY LTD $2,000
ZINGLER & ASSOCIATES PTY LTD $5,732
ZOE HATTEN $5,000
ZOOLOGICAL PARKS AND GARDENS BOARD $3,000
ZOYU SOLUTION PTY LTD $6,000
TOTAL $2,521,548
WORKFORCE PARTICIPATION TRUST
YOUTH CONNECT INC $266,832
TOTAL $266,832
YOUTH EMPLOYMENT SCHEME
DEPARTMENT OF EDUCATION AND EARLY CHILDHOOD DEVELOPMENT VICTORIA $720,000
DEPARTMENT OF ENVIRONMENT AND PRIMARY INDUSTRIES VICTORIA $67,500
DEPARTMENT OF TREASURY AND FINANCE VICTORIA $103,500
GOLDFIELDS EMPLOYMENT AND LEARNING CENTRE INC $64,200
MENTOR HUMAN RESOURCES PTY LTD $16,400
ST KILDA YOUTH SERVICE INC $46,800
SUNRAYSIA & MURRAY GROUP TRAINING LIMITED $61,200
THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF VICTORIA INCORPORATED $63,670
WHITE LION INCORPORATED $15,000
YOUTH CONNECT INC $55,375
TOTAL $1,213,645
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 157
04 APPENDICES
NATURAL DISASTER RELIEF CONT.
CENTRAL GOLDFIELDS SHIRE COUNCIL $164,839
CITY OF WHITTLESEA $10,861
CORANGAMITE SHIRE COUNCIL $23,215
CUTRI FRUIT PTY LTD $100,000
DAVID ELDRIDGE PTY LTD $110,000
EAST GIPPSLAND SHIRE COUNCIL $38,690
F J LENNE PTY LTD $50,000
F K HENSGEN & J P HENSGEN $25,000
FOUNDATION FOR RURAL AND REGIONAL RENEWAL $75,000
FREWSTAL PTY LTD $250,000
G E & D A KENNEDY PROPRIETARY LIMITED $67,500
GOLDACRES TRADING PTY LTD $29,500
GRAYS BAKERY PTY LTD $50,000
GREATER SHEPPARTON CITY COUNCIL $8,445
HAZELDENE'S CHICKEN FARM PROPRIETARY LIMITED $250,000
HEPBURN SHIRE COUNCIL $93,933
HORSHAM RURAL CITY COUNCIL $50,356
LAMATTINA BEVERAGES PTY LTD $100,000
LATROBE CITY COUNCIL $216,027
LODDON SHIRE COUNCIL $27,881
MACEDON RANGES SHIRE COUNCIL $7,000
MANNA FARMS $20,000
MATTINA FRESH PTY LTD $40,000
MCPHERSON'S PRINTING PTY LTD $100,000
MILDURA RURAL CITY COUNCIL $21,350
MITCHELL SHIRE COUNCIL $79,169
MODERN SPECIALISED VEHICLES PTY LTD $50,000
MOIRA MAC'S POULTRY AND FINE FOODS PTY LTD $200,000
MORTLOCK HYDROPONICS PTY LTD $125,000
MURRINDINDI SHIRE COUNCIL $168,656
NILLUMBIK SHIRE COUNCIL $16,550
NORTHERN GRAMPIANS SHIRE COUNCIL $63,295
OLAM ORCHARDS AUSTRALIA PTY LTD $300,000
P R ADAMS PTY LTD $31,000
PAARHAMMER PTY LTD $50,000
PYRENEES SHIRE COUNCIL $90,337
SEVEN FIELDS PTY LTD $125,000
SHIRE OF MOYNE $7,000
SHIRE OF TOWONG $111,700
SOUTH GIPPSLAND SHIRE COUNCIL $7,965
FARMERS MARKETS SUPPORT PROGRAM CONT.
LOCAL FOOD CONNECT INC $15,500
MITCHELL SHIRE COUNCIL $4,500
MORNINGTON CHAMBER OF COMMERCE $2,000
RED GUM FOOD GROUP $2,000
SOUTH GIPPSLAND SHIRE COUNCIL $5,000
TRARALGON LIONS CLUB INC $750
VICTORIAN FARMERS' MARKETS ASSOCIATION INC $94,345
WEDDERBURN COMMUNITY HOUSE INC $7,500
TOTAL $204,595
LIVING REGIONS LIVING SUBURBS
ANGLICAN TRUSTS CORPORATION OF THE DIOCESE OF GIPPSLAND $3,000
AUSTRALIAN SUSTAINABLE HARDWOODS PTY LTD $150,000
DEPARTMENT OF JUSTICE VICTORIA $212,000
GEELONG FOOTBALL CLUB LIMITED $200,000
GEELONG PERFORMING ARTS CENTRE $50,000
GIPPSLAND PORTS COMMITTEE OF MANAGEMENT INC $100,000
HORSHAM GOLF CLUB $145,000
MALLEE FAMILY CARE INC $72,000
MARYSVILLE COMMUNITY GOLF & BOWLS CLUB INC $950,000
MURRINDINDI SHIRE COUNCIL $181,000
TOURISM VICTORIA $20,000
YARRA RANGES SHIRE COUNCIL $99,000
TOTAL $2,182,000
MARYSVILLE CONVENTION CENTRE
MARYSVILLE HOTEL AND CONFERENCE CENTRE PTY LTD $9,600,000
TOTAL $9,600,000
NATURAL DISASTER RELIEF
ARARAT RURAL CITY COUNCIL $15,250
BAW BAW SHIRE COUNCIL $125,655
BEECHWORTH HONEY EXPERIENCE PTY LTD $18,750
BULOKE SHIRE COUNCIL $20,860
C T & S A DONOVAN $60,000
CAMPASPE SHIRE COUNCIL $8,000
CAMPBELLS WINES PTY LTD $56,250
CASTLE TOURISM AND ENTERTAINMENT $50,000
CATHEDRAL MOUNTAIN CHRISTIAN CENTRE INC $100,000
158 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
REGIONAL BLUEPRINT - LOCAL SKILLS PARTNERSHIPS CONT.
LATROBE CITY COUNCIL $20,000
MANSFIELD SHIRE COUNCIL $50,000
NORTHERN GRAMPIANS SHIRE COUNCIL $35,800
PYRENEES SHIRE COUNCIL $33,750
SHIRE OF TOWONG $37,500
SOUTHERN GRAMPIANS SHIRE COUNCIL $33,750
SURF COAST SHIRE $37,500
YARRIAMBIACK SHIRE COUNCIL $37,500
TOTAL $620,300
REGIONAL BLUEPRINT - PLANNING FOR TOMORROW
BALLARAT CITY COUNCIL $59,886
BAW BAW SHIRE COUNCIL $24,500
BOROUGH OF QUEENSCLIFFE $49,500
CORANGAMITE SHIRE COUNCIL $20,000
DEAKIN UNIVERSITY $50,000
EAST GIPPSLAND SHIRE COUNCIL $1,203
LAKE MOUNTAIN ALPINE RESORT MANAGEMENT BOARD $8,500
LATROBE CITY COUNCIL $1,786
MILDURA RURAL CITY COUNCIL $5,000
MITCHELL SHIRE COUNCIL $25,415
MURRINDINDI SHIRE COUNCIL $35,000
SOUTH GIPPSLAND SHIRE COUNCIL $33,000
SURF COAST SHIRE $100,000
SWAN HILL RURAL CITY COUNCIL $10,000
WELLINGTON SHIRE COUNCIL $5,000
TOTAL $428,790
REGIONAL BLUEPRINT - YOUNG PROFESSIONALS CADET PROGRAM
ARARAT RURAL CITY COUNCIL $4,250
AUSRAPID INC $8,000
AUSTRALIAN EATWELL PTY LTD $3,750
B M CONSULTING ENGINEERS $7,500
BENALLA HEALTH $12,750
BENTROL PTY LTD $1,000
BULOKE SHIRE COUNCIL $12,750
CAMPASPE SHIRE COUNCIL $3,750
CARDELL ACCOUNTANTS PTY LTD $3,750
CROSSCO CONSULTING PTY LTD $1,000
CROWTHER & SADLER PTY LTD $1,000
NATURAL DISASTER RELIEF CONT.
SOUTHERN STOCKFEEDS (OPERATIONS) PTY LTD $75,000
STRZELECKI ENGINEERING PTY LTD $25,000
THE OUTDOOR EDUCATION GROUP $50,000
TRUE FOODS PTY LTD $50,000
VEGCO PTY LTD $120,000
VIC FEED GROUP PTY LTD $50,000
WANGARATTA RURAL CITY COUNCIL $50,750
WELLINGTON SHIRE COUNCIL $89,014
YARRA RANGES SHIRE COUNCIL $15,956
YARRIAMBIACK SHIRE COUNCIL $14,633
TOTAL $4,350,387
NETWORKED RURAL COUNCILS
MUNICIPAL ASSOCIATION OF VICTORIA $795,000
TOTAL $795,000
REGIONAL BLUEPRINT - SUSTAINABLE SMALL TOWNS PROGRAM
ARARAT RURAL CITY COUNCIL $115,000
CORANGAMITE SHIRE COUNCIL $150,000
EAST GIPPSLAND SHIRE COUNCIL $75,000
GREATER SHEPPARTON CITY COUNCIL $50,000
HINDMARSH SHIRE COUNCIL $71,500
MOUNT ALEXANDER SHIRE COUNCIL $81,000
MURRINDINDI SHIRE COUNCIL $150,000
SHIRE OF TOWONG $117,000
SWAN HILL RURAL CITY COUNCIL $150,000
WEST WIMMERA SHIRE COUNCIL $117,250
TOTAL $1,076,750
REGIONAL BLUEPRINT - LOCAL SKILLS PARTNERSHIPS
ALPINE SHIRE $12,000
ARARAT RURAL CITY COUNCIL $33,750
BAW BAW SHIRE COUNCIL $25,000
BENALLA RURAL CITY COUNCIL $33,750
BULOKE SHIRE COUNCIL $30,000
CAMPASPE SHIRE COUNCIL $25,000
CENTRAL GOLDFIELDS SHIRE COUNCIL $33,750
CITY OF GREATER GEELONG $25,000
DESTINATION GIPPSLAND LTD $15,000
GANNAWARRA SHIRE COUNCIL $30,000
GOLDEN PLAINS SHIRE COUNCIL $37,500
HORSHAM RURAL CITY COUNCIL $33,750
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 159
04 APPENDICES
REGIONAL DEVELOPMENT AUSTRALIA CONT.
WANGARATTA RURAL CITY COUNCIL $70,000
WARRNAMBOOL CITY COUNCIL $63,000
WELLINGTON SHIRE COUNCIL $3,000
WIMMERA DEVELOPMENT ASSOCIATION INCORPORATED $83,000
TOTAL $696,824
REGIONAL GROWTH FUND
AGRIFOOD SKILLS AUSTRALIA LTD $135,000
ALBERTON TIMBER & TREATMENT PLANT PTY LTD $20,000
ALPINE SHIRE $1,300,000
ALPINE TF PTY LTD $300,000
ALPINE VALLEYS VIGNERONS INC $3,000
ANGLICAN TRUSTS CORPORATION OF THE DIOCESE OF GIPPSLAND $180,000
APOLLO BAY CHAMBER OF COMMERCE AND TOURISM INC $44,000
ARARAT RURAL CITY COUNCIL $1,072,100
AUDENTES INVESTMENTS PTY LTD $3,000
AUSTRALIA CHINA BUSINESS COUNCIL $100,000
AUSTRALIAN DAIRY CONFERENCE LTD $9,000
AUSTRALIAN PAPER PTY LIMITED $1,500,000
AUSTRALIAN SUSTAINABLE HARDWOODS PTY LTD $200,000
AUSTRALIAN TARTARIC PRODUCTS PTY LTD $900,000
AUSTRALIAN TRAILER MANUFACTURERS PTY LTD $30,000
BACCHUS MARSH COMMUNITY UNLIMITED INC $10,000
BALLARAT CITY COUNCIL $2,282,545
BALLARAT INTERNATIONAL FOTO BIENNALE INC $5,000
BALLARAT REGIONAL TOURISM INC $11,000
BARING RECREATION RESERVE $5,000
BASS COAST SHIRE COUNCIL $1,441,327
BAW BAW LATROBE LOCAL LEARNING AND EMPLOYMENT NETWORK INC $9,000
BAW BAW SHIRE COUNCIL $1,669,000
BEECHWORTH ROTARY CLUB INC $45,000
BENALLA AUTO CLUB INC $270,000
BENALLA RURAL CITY COUNCIL $1,560,500
BENDIGO AGRICULTURAL SHOW SOCIETY INC $150,000
BERTALLI'S ALPINE BREADS PTY LTD $37,500
BOROUGH OF QUEENSCLIFFE $310,000
BOYNTONS AUSTRALIA PTY LTD $150,000
BRUCK TEXTILE TECHNOLOGIES PTY LTD $1,203,475
REGIONAL BLUEPRINT - YOUNG PROFESSIONALS CADET PROGRAM CONT.
DIMBOOLA PRIMARY SCHOOL $3,750
DUNSTAN FARMERS ENGINEERING PTY LTD $4,250
ECOTECTURE DESIGN GROUP $3,750
GANNAWARRA SHIRE COUNCIL $1,000
GERARD BRANDRICK & ASSOCIATES PTY LTD $1,000
GIPPSLAND LAKES COMMUNITY HEALTH $3,750
HOFMANN ENGINEERING PTY LTD $1,000
MACEDON RANGES SHIRE COUNCIL $500
MESSENGER'S PHARMACY $3,750
MURRAY MALLEE LOCAL LEARNING AND EMPLOYMENT NETWORK INC $24,500
MURRINDINDI SHIRE COUNCIL $7,500
RAINBOW AND DISTRICT LANDCARE GROUP $4,250
ROSS BOTH & ASSOCIATES PTY LTD $4,750
RYAN LEGAL SERVICES PTY LTD $4,750
SMEC AUSTRALIA PTY LIMITED $1,000
SOUTH GIPPSLAND SHIRE COUNCIL $4,250
STUBBS WALLACE PTY LTD $500
SWAN HILL DISTRICT HEALTH $4,250
TREWENACK PTY LTD $3,750
WARRNAMBOOL CITY COUNCIL $4,750
TOTAL $146,500
REGIONAL DEVELOPMENT AUSTRALIA
AGRIBUSINESS GIPPSLAND INC $3,750
AGRIFOOD SKILLS AUSTRALIA LTD $20,000
AUSTRALIA CHINA BUSINESS COUNCIL $40,000
AVALON AIRPORT AUSTRALIA PTY LTD $55,000
BALLARAT CITY COUNCIL $69,402
BASS COAST SHIRE COUNCIL $10,000
CITY OF GREATER GEELONG $40,000
COMMITTEE FOR GIPPSLAND INC $60,772
DESTINATION GIPPSLAND LTD $30,000
GIPPSLAND CLIMATE CHANGE NETWORK INCORPORATED $20,000
GUNDITJ MIRRING TRADITIONAL OWNERS ABORIGINAL CORPORATION $30,000
LATROBE CITY COUNCIL $300
NE TRACKS LOCAL LEARNING AND EMPLOYMENT NETWORK INC $13,000
NORTHERN GRAMPIANS SHIRE COUNCIL $50,000
ROADS CORPORATION $10,000
SOUTHERN FARMING SYSTEMS LTD $25,600
160 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
REGIONAL GROWTH FUND CONT.
DEPARTMENT OF TRANSPORT PLANNING AND LOCAL INFRASTRUCTURE VICTORIA $933,332
DESTINATION GIPPSLAND LTD $8,000
DJA DJA WURRUNG ENTERPRISES PTY LTD $26,000
DJM FABRICATIONS (VIC) PTY LTD $160,000
DONALD 2000 INC $1,000
DRIED FRUITS AUSTRALIA INC $24,000
DROUIN WEST TIMBER & TRUSS PTY LTD $400,000
EAST GIPPSLAND MARKETING INC $52,500
EAST GIPPSLAND SHIRE COUNCIL $3,528,500
EASTERN IRON LIMITED $300,000
ECHUCA MOAMA & DISTRICT TOURISM DEVELOPMENT ASSOCIATION INC $62,500
ECHUCA-MOAMA ARTS INITIATIVE $3,000
EILDON ACTION INCORPORATED $8,000
EMERALD CENTRE FOR HOPE AND OUTREACH INCORPORATED $7,888
ENVESTRA (SA) LIMITED $2,722,500
EPWORTH FOUNDATION $2,000,000
FAWCETT MECHANICS INSTITUTE RESERVE COMMITTEE OF MANAGEMENT $63,559
FEDERATION UNIVERSITY AUSTRALIA $4,500
FRESHZEST PTY LTD $16,000
GANNAWARRA SHIRE COUNCIL $1,067,055
GATEWAYS SUPPORT SERVICES INC $30,000
GBG CONCRETE & CONSTRUCTION PTY LTD $37,500
GEELONG OTWAY TOURISM INCORPORATED $10,000
GIPPSLAND BODY BUILDERS PTY LTD $100,000
GIPPSLAND PLAINS RAIL TRAIL INCORP $600,000
GIPPSLAND PORTS COMMITTEE OF MANAGEMENT INC $288,731
GIRGARRE DEVELOPMENT GROUP INC $2,217
GLENELG SHIRE COUNCIL $1,834,460
GOLDEN AND PARADISE BEACH RATEPAYERS AND RESIDENTS ASSOCIATION INCORPORATED $3,600
GOLDEN PLAINS SHIRE COUNCIL $1,435,300
GOLDFIELDS HISTORICAL AND ARTS SOCIETY INCORPORATED $6,000
GOLDFIELDS TOURISM INCORPORATED $30,000
GOULBURN VALLEY REGION WATER CORPORATION $30,000
GRACEBROOK VINEYARDS $30,000
GRAMPIANS TOURISM BOARD INC $35,500
GREAT OCEAN ROAD COAST COMMITTEE INCORPORATED $220,000
GREATER BENDIGO CITY COUNCIL $3,271,560
REGIONAL GROWTH FUND CONT.
BUDA HISTORIC HOME & GARDEN INC $22,950
BULOKE SHIRE COUNCIL $1,061,000
BUNINYONG & DISTRICT COMMUNITY ASSOCIATION INC $1,950
BUNINYONG RESIDENTS' ASSOCIATION INCORPORATED $17,550
BURRA FOODS PTY LTD $1,000,000
CABBAGE TREE PUBLIC HALL $10,980
CAMPASPE SHIRE COUNCIL $3,313,400
CAMPERDOWN-TIMBOON RAIL TRAIL MANAGEMENT COMMITTEE INCORPORATED $95,000
CASEY CITY COUNCIL $4,000
CASTLEMAINE & MALDON RAILWAY PRESERVATION SOCIETY $50,400
CENTRAL GIPPSLAND REGION WATER CORPORATION $360,000
CENTRAL GOLDFIELDS SHIRE COUNCIL $2,489,950
CENTRAL HIGHLANDS AGRIBUSINESS FORUM INC $2,800
CHEWTON DOMAIN SOCIETY INC $16,000
CITY OF GREATER GEELONG $4,469,950
COLAC AREA HEALTH $3,000
COLAC OTWAY SHIRE $1,009,625
COMMITTEE 4 ROCHESTER INC $18,000
COMMITTEE FOR BALLARAT INC $365,000
COMMITTEE FOR ECHUCA MOAMA INCORPORATED $3,000
COMMITTEE FOR GEELONG INC $257,000
COMMITTEE FOR GIPPSLAND INC $450,000
COMMUNITY COLLEGE GIPPSLAND LTD $30,960
COMMUNITY LEADERSHIP LODDON MURRAY INC $212,000
CORANGAMITE SHIRE COUNCIL $1,060,834
COSTA EXCHANGE HOLDINGS PTY LTD $65,224
COUNTRY FIRE AUTHORITY $16,465
COWES YACHT CLUB INCORPORATED $46,000
CRESWICK RAILWAY WORKSHOPS ASSOCIATION INC $18,000
D & R HENDERSON PTY LTD $75,000
DEAKIN UNIVERSITY $8,137,500
DEPARTMENT OF EDUCATION AND EARLY CHILDHOOD DEVELOPMENT VICTORIA $7,800,000
DEPARTMENT OF ENVIRONMENT AND PRIMARY INDUSTRIES VICTORIA $5,703,755
DEPARTMENT OF HEALTH VICTORIA $2,000,000
DEPARTMENT OF PREMIER AND CABINET VICTORIA $225,000
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 161
04 APPENDICES
REGIONAL GROWTH FUND CONT.
MILDURA MOTOR CYCLE CLUB INCORPORATED $200,000
MILDURA RURAL CITY COUNCIL $1,725,800
MITCHELL SHIRE COUNCIL $1,559,461
MOIRA SHIRE COUNCIL $1,166,700
MOORABOOL SHIRE COUNCIL $247,550
MORNINGTON PENINSULA SHIRE COUNCIL $2,679
MORWELL SHOPFITTERS PTY LIMITED $90,000
MOUNT ALEXANDER SHIRE COUNCIL $338,500
MOUNT BULLER ARTS ASSOCIATION LTD $18,500
MOUNT ELEPHANT COMMUNITY MANAGEMENT $30,000
MURRAY GOULBURN CO-OPERATIVE CO LIMITED $200,000
MURRAY RIVER REGION TOURISM LIMITED $3,000
MURRINDINDI SHIRE COUNCIL $1,551,800
MUSEUMS AUSTRALIA INCORPORATED $500
NARKOOJEE PTY LTD $45,000
NATIMUK FORESHORE COMMITTEE $58,000
NORTH EAST AGCARE INCORPORATION $140,000
NORTH EAST REGION WATER CORPORATION $1,100,000
NORTH EAST VICTORIA TOURISM BOARD INC $30,000
NORTHERN GRAMPIANS SHIRE COUNCIL $1,434,450
OLAM ORCHARDS AUSTRALIA PTY LTD $467,528
OUR REDEEMERS LUTHERAN CHURCH WARRACKNABEAL $4,500
PAPER AUSTRALIA PTY LTD $500,000
PARKS VICTORIA $1,700,000
PENINSULA SEAROAD TRANSPORT PTY LTD $750,000
PINEGRO PRODUCTS PROPRIETARY LIMITED $180,000
PORT OF PORTLAND PTY LIMITED $243,053
PORTLAND CABLE TRAMS INC $9,000
PROGRESSING COBDEN INC $9,223
PUREHARVEST $150,000
PYRENEES SHIRE COUNCIL $780,282
R A & J L MURPHY $120,000
RAMAHYUCK DISTRICT ABORIGINAL CORPORATION $7,500
ROCHESTER CHAMBER OF COMMERCE AND INDUSTRY INC $7,200
ROTAFAB PTY LTD $144,000
RUSHWORTH PUBLIC PARK RESERVE COMMITTEE OF MANAGEMENT INCORPORATED $39,000
RYAN & MCNULTY PTY LTD $90,000
SAFETECH PTY LTD $30,000
SAGE COMPUTER SUPPORT PTY LIMITED $100,000
REGIONAL GROWTH FUND CONT.
GREATER SHEPPARTON CITY COUNCIL $1,716,680
GROWTH AREAS AUTHORITY $166,666
HAMILTON PASTORAL & AGRICULTURAL SOCIETY INC $10,000
HEALESVILLE LIVING & LEARNING CENTRE INC $73,796
HEPBURN SHIRE COUNCIL $1,152,719
HEYFIELD COMMUNITY RESOURCE CENTRE INC $5,000
HINDMARSH SHIRE COUNCIL $631,000
HORSHAM RURAL CITY COUNCIL $3,431,863
INDIGO SHIRE COUNCIL $480,280
IRON HORSE INTERMODAL PTY LTD $30,000
J & J NIELSEN PTY LTD $21,000
JAILHOUSE ROCK FESTIVAL COMMITTEE INC $4,500
JAMES STOCK FEED AND FERTILIZER PTY LTD $30,000
JAMIESON COMMUNITY GROUP & ASSOCIATED BODIES INCORPORATED $886
JOEL JOEL PUBLIC HALL $3,600
KARINGAL INC $500,000
KINGLAKE RANGES BUSINESS NETWORK INC $17,900
LAKE BOLAC DEVELOPMENT ASSOCIATION INC $4,950
LAKE COORONG/LAKE LASCELLES COMMITTEE OF MANAGEMENT INC $36,000
LAKEGOLDSMITH STEAM PRESERVATION ASSOCIATION INC $4,500
LATROBE CITY COUNCIL $1,924,440
LATROBE VALLEY WOMEN IN BUSINESS INC $9,000
LION-DAIRY & DRINKS PTY LTD $490,000
LIONS CLUB OF CORRYONG $267,300
LIONS CLUB OF MINYIP INC $7,020
LODDON SHIRE COUNCIL $599,845
LONG GULLY NEIGHBOURHOOD CENTRE $27,000
LORNE BUSINESS & TOURISM ASSOCIATION INC $20,000
MACALISTER RESEARCH FARM CO-OPERATIVE LTD $500
MACEDON RANGES SHIRE COUNCIL $1,049,060
MACPHERSON SMITH RURAL FOUNDATION LIMITED $75,000
MADEC AUSTRALIA $100,000
MAFFRA FARMHOUSE CHEESE PTY LTD $172,500
MAJORCA VICTORIA PARK GARDENS & PUBLIC $107,730
MANSFIELD SHIRE COUNCIL $1,223,550
MARS AUSTRALIA PTY LTD $200,000
MILDURA ABORIGINAL CORPORATION INCORPORATED $130,000
MILDURA DEVELOPMENT CORPORATION INC $32,000
162 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
TRANSPORT CONNECTIONS CONT.
CASEY CITY COUNCIL $37,500
CITY OF GREATER GEELONG $80,000
CITY OF WHITTLESEA $37,500
COLAC OTWAY SHIRE $37,500
GOLDEN PLAINS SHIRE COUNCIL $37,500
GREATER BENDIGO CITY COUNCIL $42,500
GREATER SHEPPARTON CITY COUNCIL $37,500
HEPBURN SHIRE COUNCIL $80,000
LATROBE CITY COUNCIL $80,000
MELTON CITY COUNCIL $11,961
MITCHELL SHIRE COUNCIL $47,551
MURRINDINDI SHIRE COUNCIL $37,500
PYRENEES SHIRE COUNCIL $37,500
SOUTH GIPPSLAND SHIRE COUNCIL $37,500
SUNASSIST VOLUNTEER HELPERS INC $42,500
WELLINGTON SHIRE COUNCIL $35,000
WESTERN DISTRICT HEALTH SERVICE $37,500
WYNDHAM CITY COUNCIL $37,500
TOTAL $944,512
REGIONAL GROWTH FUND CONT.
VOLUNTEERING VICTORIA INCORPORATED $99,000
W P PORTELLI & P REIDY $125,000
WALHALLA AND MOUNTAIN RIVERS TOURISM $5,000
WALHALLA BOARD OF MANAGEMENT INCORPORATED $7,200
WANGARATTA FESTIVAL OF JAZZ INC $22,500
WANGARATTA RURAL CITY COUNCIL $443,200
WANNON REGION WATER CORPORATION $107,000
WARRANDYTE COMMUNITY ASSOCIATION INC $8,620
WARRNAMBOOL CITY COUNCIL $5,020,029
WELLINGTON REGIONAL TOURISM INC $4,000
WELLINGTON SHIRE COUNCIL $2,402,450
WEST WIMMERA HEALTH SERVICE $17,500
WEST WIMMERA SHIRE COUNCIL $134,000
WESTERN REGION WATER CORPORATION $744,130
WILLAURA AND DISTRICT COMMUNITY DEVELOPMENT GROUP $135,000
WIMMERA DEVELOPMENT ASSOCIATION INCORPORATED $176,250
WODONGA CITY COUNCIL $1,616,000
WODONGA RENDERING PTY LTD $808,000
WORKCO LIMITED $2,800
YARCK MECHANICS INSTITUTE AND LIBRARY $67,600
YARRIAMBIACK SHIRE COUNCIL $808,453
YEA COMMUNITY SERVICE GROUP INC $5,850
YEA RACECOURSE AND RECREATION RESERVE $70,000
YINNAR & DISTRICT COMMUNITY ASSOCIATION INC $450
TOTAL $131,158,282
REGIONAL BLUEPRINT - ADVANCING COUNTRY TOWNS
BENALLA RURAL CITY COUNCIL $136,000
COLAC OTWAY SHIRE $136,000
EAST GIPPSLAND SHIRE COUNCIL $136,000
MURRINDINDI SHIRE COUNCIL $156,000
ROBINVALE DISTRICT HEALTH SERVICES $136,000
SOUTH GIPPSLAND SHIRE COUNCIL $156,000
TOTAL $856,000
TRANSPORT CONNECTIONS
BALLARAT CITY COUNCIL $37,500
BASS COAST SHIRE COUNCIL $37,500
BAW BAW SHIRE COUNCIL $37,500
BENALLA RURAL CITY COUNCIL $37,500
REGIONAL GROWTH FUND CONT.
SALE BUSINESS AND TOURISM ASSOCIATION INCORPORATED $23,760
SEA LAKE OFF ROAD CLUB INC $6,000
SEASPRAY RESERVES COMMITTEE OF MANAGEMENT $5,800
SHIPWRECK COAST TOURISM INC $16,000
SHIRE OF CAMPASPE $30,000
SHIRE OF MOYNE $928,253
SHIRE OF STRATHBOGIE $872,500
SHIRE OF TOWONG $996,215
SOUTH GIPPSLAND SHIRE COUNCIL $711,454
SOUTH GIPPSLAND TOURIST RAILWAY INC $103,500
SOUTHERN FARMING SYSTEMS LTD $40,500
SOUTHERN GRAMPIANS SHIRE COUNCIL $506,450
SPI NETWORKS (GAS) PTY LTD $2,580,000
STAR COMMUNITY CINEMA ASSOCIATION INC $31,500
STEELINE GIPPSLAND PTY LTD $187,500
STR INSPECTION SERVICES PTY LTD $50,000
SURF COAST SHIRE $405,500
SWAN HILL MOTORCYCLE CLUB INC $5,000
SWAN HILL RURAL CITY COUNCIL $1,017,854
THE BENDIGO TRUST $30,000
THE CENTRAL HIGHLANDS TOURIST RAILWAY $130,800
THE CENTRE FOR RURAL COMMUNITIES INC $27,000
THE COMMUNITY FOUNDATION FOR BENDIGO & CENTRAL VICTORIA LTD. $3,000
THE GIPPSLAND BUSINESS AWARDS ASSOCIATION INC $5,400
THE GIPPSLAND FIELD DAYS $217,500
THE MOUNTAIN CATTLEMENS ASSOCIATION OF VICTORIA INC $65,600
THE NOOJEE & DISTRICT HISTORICAL SOCIETY INC $22,118
THE PRB FOOD GROUP PTY LIMITED $200,000
THE SOVEREIGN HILL MUSEUMS ASSOCIATION $250,000
TRAFALGAR EAST PUBLIC HALL RESERVE $13,500
UCA – CAMPERDOWN $27,000
UNIVERSITY OF BALLARAT $300,000
UNIVERSITY OF MELBOURNE $1,625,000
VALLEY PARK FARM PTY LTD $40,000
VEGCO PTY LTD $150,000
VIC GAS DISTRIBUTION PTY LTD $1,019,000
VICTORIAN AMERICAN IMPORTS PTY LTD $110,000
VICTORIAN FARMERS FEDERATION $788,093
VIETNAM VETERANS ASSOCIATION OF AUSTRALIA MUSEUM SUB-BRANCH $36,000
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 163
04 APPENDICES
The Budget portfolio outcomes provide a comparison between the actual financial report of all General Government entities within the portfolio and the forecast published in the Budget Papers.
The Budget portfolio outcomes are comprised of the comprehensive operating statement, balance sheet, statement of changes in equity and statement of cash flows.
The Budget portfolio outcomes have been prepared on a consolidated basis and include all General Government entities within the portfolio. Financial transactions and balances are classified into either Controlled or Administered, in accordance with the Australian Accounting Standard AASB 1049 Whole of Government and General Government Sector Financial Reporting and agreed with the Treasurer in the context of the Budget Papers.
The following Budget portfolio outcomes statements are not subject to audit by the Victorian Auditor-General’s Office and are not prepared on the same basis as the department’s financial statements, as they include the consolidated financial information of the following entities:
Controlled
> The Department of State Development, Business and Innovation
> Victoria Trade and Investment Office
> The Office of the Small Business Commissioner
> Secretary to the Department of State Development Business and Innovation, Body Corporate (Major Projects Victoria)
> Tourism Victoria*
> Film Victoria*
> Cenitex*
* Prepare own financial statements.
Administered items Statement
The Department of State Development, Business and Innovation (Administered).
In 2013-14, definitions of a contractor and consultant were changed in Financial Reporting Direction 22E. The department has applied these definitions for reporting purposes. The changed definitions mean that comparisons with previous annual report’s data are no longer valid. The new definitions are:
> Contractor - A contractor is an individual or organisation that is formally engaged to provide works or services for or on behalf of an entity. This definition does not include casual, fixed-term or temporary employees employed by the entity
> Consultant - A consultant is a particular type of contractor that is engaged primarily to perform a discrete task for an entity that facilitates decision making through a) provision of expert analysis and advice; and/or b) development of a written report or other intellectual output.
Summary of consultancies
In 2013-14, there were 40 consultancies where the total fees payable to the consultants were $10,000 or greater (excluding GST). The total expenditure incurred during 2013-14 in relation to these consultancies was $8.2 million (excluding GST). Details of individual consultancies can be found at dsdbi.vic.gov.au
In 2013-14, there were 29 consultancies where the total fees payable to the consultants were less than $10,000 (excluding GST). The total expenditure incurred during 2013-14 in relation to these consultancies was $172,000 (excluding GST).
APPENDIX 7 CONSULTANCIES
APPENDIX 8 BUDGET PORTFOLIO OUTCOMES
164 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
NOTES2013-14
ACTUAL
2013-14 PUBLISHED
BUDGET
2013-14 REVISED BUDGET VARIATION
$’000 $’000 $’000 $’000 %
Output appropriations 1 712,223 787,277 732,526 (20,302) (3%)
Interest 6,812 10,200 10,458 (3,646) (35%)
Sales of goods and services 173,631 60,777 169,419 4,212 2%
Grants 85,874 11,635 82,358 3,516 4%
Fair value of assets and services received free of charge or for nominal consideration
472 – – 472 0%
Other income 2 119,605 189,720 139,893 (20,288) (15%)
Total income from transactions 1,098,616 1,059,609 1,134,653 (36,037) (3%)
Employee benefits 189,943 134,596 197,028 (7,084) (4%)
Depreciation and amortisation 31,309 7,937 37,207 (5,898) (16%)
Interest expense 297 13 13 284 2186%
Grants and other transfers 3 449,038 461,751 480,946 (31,908) (7%)
Capital asset charge 9,848 9,848 9,848 – 0%
Other operating expenses 4 383,682 444,321 442,545 (58,863) (13%)
Total expenses from transactions 1,064,117 1,058,466 1,167,585 (103,468) (9%)
Net result from transactions (net operating balance)
(34,499) (1,143) 32,932 (67,432) (205%)
Net gain/(loss) on non-financial assets 5,052 – – 5,052 0%
Net gain/(loss) on financial instruments and statutory receivables/payables
333 192 192 141 74%
Other gains/(losses)from other economic flows 65 – – 65 0%
Total other economic flows 5,450 192 192 5,258 2740%
Net result (29,049) (951) 33,124 (62,174) (188%)
Other 126 (592) (19,323) 19,448 (101%)
Total other economic flows – Other non owner changes in equity 126 (592) (19,323) 19,448 (101%)
Comprehensive result (28,924) (1,542) 13,802 (42,725) (310%)
Explanations for major variations between 2013-14 actual and 2013-14 revised budget(1) Variation in output appropriation relates to underspend
across a range of programs which will be delivered in the following year.
(2) Variation in other income is mainly due to lower receipts in relation to Kew Residential Services Project.
(3) Variation relates to delays in milestone achievements by grant recipients, finalising grant contracts, and/or consequential delays in commencement of grant programs.
(4) Variation is mainly due to lower cost of land sales for Kew Residential Services Project and in general operational expenditure.
COMPREHENSIVE OPERATING STATEMENT FOR THE YEAR ENDED 30 JUNE 2014
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 165
04 APPENDICES
BALANCE SHEET AS AT 30 JUNE 2014
NOTES2013-14
ACTUAL
2013-14 PUBLISHED
BUDGET
2013-14 REVISED BUDGET VARIATION
$’000 $’000 $’000 $’000 %
Cash and deposits 1 416,812 371,656 362,652 54,160 15%
Receivables 158,798 88,483 153,010 5,788 4%
Other financial assets 28,664 37,252 37,385 (8,721) (23%)
Investments accounted for using the equity method 35,000 35,000 35,000 – 0%
Financial assets 639,274 532,391 588,047 51,227 9%
Inventories 10,196 23,646 7,093 3,104 44%
Non financial assets classified as held for sale including disposal group assets
25 – 23 2 10%
Property, plant and equipment 2 597,601 632,218 656,519 (58,917) (9%)
Intangible assets 40,944 12,025 43,666 (2,721) (6%)
Other 36,782 28,604 40,346 (3,564) (9%)
Non-financial assets 685,549 696,516 747,646 (62,096) (8%)
Total assets 638,802 1,228,907 1,335,693 (10,870) (1%)
Payables 124,999 91,456 124,943 56 0%
Borrowings 3,497 4,569 3,936 (439) (11%)
Provisions 50,381 36,556 50,697 (315) (1%)
Liabilities 53,878 132,581 179,576 (699) 0%
Total liabilities 53,878 132,581 179,576 (699) 0%
Net assets 584,924 1,096,326 1,156,117 (10,171) (1%)
Accumulated surplus/(deficit) 3 188,909 220,409 (86,791) 275,699 (318%)
Reserves 25,649 31,668 31,668 (6,019) (19%)
Contributed capital 3 931,388 844,249 1,211,240 (279,851) (23%)
Equity 1,145,946 1,096,326 1,156,117 (10,171) (1%)
Net worth 1,145,946 1,096,326 1,156,117 (10,171) (1%)
Explanations for major variations between 2013-14 actual and 2013-14 revised budget(1) Variation is due to the timing of receipts and payments
in trust accounts.
(2) Variation is mainly due to lower than budgeted expenditure for the Melbourne Markets Redevelopment Project.
(3) Variation is mainly due to the allocation between accummulated funds and contributed capital as part of the MOG transfer.
166 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
04 APPENDICES
(5) Variation mainly relates to decrease in cost of land sales for Kew Residential Redevelopment compared to budget.
(6) Variation mainly relates to lower capital spend for the Melbourne Markets Relocation Project.
(7) Variation mainly relates to the timings of loan repayments between DSDBI, Cenitex and DTF.
NOTES2013-14
ACTUAL
2013-14 PUBLISHED
BUDGET
2013-14 REVISED BUDGET VARIATION
$’000 $’000 $’000 $’000 %
Receipts from Government 1 712,223 790,277 732,526 (20,302.4) (3%)
Receipts from other entities 2 107,513 69,385 89,949 17,564.51 20%
Goods and Services Tax recovered from the ATO 1,454 – (996) 2,449.20 (246%)
Interest received 6,410 10,107 10,458 (4,047.7) (39%)
Other receipts 3 277,494 188,735 301,704 (24,209.8) (8%)
Total receipts 1,105,095 1,058,503 1,133,641 (28,546) (3%)
Payments of grants and other transfers 4 (449,038) (461,751) (480,946) 31,908 (7%)
Payments to suppliers and employees 5 (565,122) (567,841) (611,510) 46,389 (8%)
Goods and Services Tax paid to the ATO 1,204 – 4 1,200 32485%
Capital asset charge (9,848) (9,848) (9,848) – 0%
Interest and other costs of finance (297) – (9) (288) 3202%
Total payments (1,023,101) (1,039,440) (1,102,309) 79,208 (7%)
Net cash flows from /(used in) operating activities 81,994 19,063 31,332 50,662 162%
Net investment (15,308) (7,752) (6,122) (9,186) 150%
Payments for non-financial assets 6 (50,107) (118,673) (89,651) 39,545 (44%)
Proceeds from sale of non-financial assets 956 – – 956 0%
Net loans to other parties 45 852 852 (807) (95%)
Cash flows from investing activities (64,415) (125,573) (94,922) (117,047) 123%
Net cash flows from /(used in) investing activities (64,415) (125,573) (94,922) (117,047) 123%
Owner contributions by State Government 45,719 345,628 98,475 (52,755) (54%)
Repayment of finance leases (70) – – (70) 0%
Net borrowings 7 11,293 1,474 (14,523) 25,816 (178%)
Cash flows from financing activities 56,942 347,102 83,951 (91,947) (110%)
Net cash flows from /(used in) financing activities 56,942 347,102 83,951 (91,947) (110%)
Net increase (decrease) in cash and cash equivalents 74,522 240,591 20,362 (158,332) (778%)
Cash and cash equivalents at the beginning of the financial year
342,290 134,407 342,290 – 0%
Cash and cash equivalents at the end of the financial year 416,812 374,999 362,652 (158,332) (44%)
Explanations for major variations between 2013-14 actual and 2013-14 revised budget(1) Variation relates to lower revenue drawn down across a
range of programs which will be delivered in 2014-15.
(2) Higher revenue than budgeted for trusts.
(3) Variation relates to decrease in receipts mainly in relation to Kew Residential Services Project.
(4) Variation relates to delays in milestone achievements by grant recipients, finalising grant contracts, and/or consequential delays in commencement of grant programs.
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2014
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 167
04 APPENDICES
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2014
Accumulated
surplus/(deficit)Contributions by
owners
Asset revaluation
reserve Total
$’000 $’000 $’000 $’000
2013-14 (Actual)
Opening balance 1 July 2013 154,665 904,434 30,969 1,090,068
Comprehensive result 34,244 – (5,320) 28,924
Transactions with owners in their capacity as owners – 26,954 – 26,954
Total equity at end of period 188,909 931,388 25,649 1,145,946
2013-14 (Revised)
Opening balance 1 July 2013 (72,291) 1,131,389 30,969 1,090,068
Comprehensive result (14,500) – 698 (13,802)
Transactions with owners in their capacity as owners – 79,850 – 79,850
Total equity at end of period (86,791) 1,211,240 31,668 1,156,117
2013-14 (Published)
Opening balance 1 July 2013 219,485 517,264 31,083 767,832
Comprehensive result 924 – 585 1,509
Transactions with owners in their capacity as owners – 326,985 – 326,985
Total equity at end of period 220,409 844,249 31,668 1,096,326
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NOTES2013-14
ACTUAL
2013-14 PUBLISHED
BUDGET
2013-14 REVISED BUDGET VARIATION
$’000 $’000 $’000 $’000 %
Output appropriations 60,878 64,000 61,535 (657) (1%)
Interest 10,445 9,779 14,339 (3,894) (27%)
Sales of goods and services 2,763 5,000 8,868 (6,105) (69%)
Grants 357 14,339 5,357 (5,000) (93%)
Other income 58,228 52,695 56,130 2,099 4%
Total income from transactions 132,672 145,813 146,229 (13,557) (9%)
Interest expense 40,671 42,000 39,535 1,136 3%
Grants and other transfers 4,982 8,000 8,000 (3,018) (38%)
Payments into consolidated fund 1 89,650 70,557 68,188 21,462 31%
Other operating expenses 2 27,735 – – 27,735 0%
Total expenses from transactions 163,038 120,557 115,723 47,315 41%
Income Less Expenses (30,365) 25,256 30,506 (60,872) (200%)
Total other economic flows 20,733 5,183 (67) 20,800 (31045%)
Total other economic flows – Other non owner changes in equity – (1,438) (1,438) – (100%)
Net result (9,632) 29,002 29,002 (38,634) (133%)
Cash and deposits 467 3,328 6,542 (6,075) (93%)
Receivables 3 343,909 371,872 423,378 (79,468) (19%)
Other financial assets 3,105 – – 3,105
Total Administered assets 347,481 375,200 429,920 (82,438) (19%)
Payables 87,309 86,742 88,316 (1,007) (1%)
Borrowings 460,370 447,103 447,103 13,267 3%
Total Administered liabilities 547,679 533,845 535,419 12,260 2%
Net assets (200,198) (158,645) (105,499) (94,699) 90%
Explanations for major variations between 2013-14 actual and 2013-14 revised budget(1) Variation relates to additional brown coal and mineral
sands royalty revenues paid into the Consolidated Fund than budgeted.
(2) Relates mainly to maintenance payments for the Melbourne Convention Centre and assets given free of charge to local council for management.
(3) Variation refers to better collections of receivables than budgeted.
ADMINISTERED ITEMS STATEMENT FOR THE YEAR ENDED 30 JUNE 2014
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APPENDIX 9 WORKFORCE INFORMATION
ONGOING EMPLOYEES
FIXED TERM & CASUAL
EMPLOYEESTOTAL
EMPLOYEES
Full-time (head count)
Part-time (head count)
Total (head count)
Total (FTE)
Total (FTE) Total (FTE)
June 2013 454 54 508 489 25 514
June 2014 772 116 888 850 92 942
Total 2013 Total 2014
ONGOING EMPLOYEES
FIXED TERM & CASUAL EMPLOYEES
ONGOING EMPLOYEES
FIXED TERM & CASUAL EMPLOYEES
Head count FTE FTE Head count FTE FTE Totals (FTE)
Gender
Male 221 221 10 415 412 47 459
Female 287 267 16 473 438 45 483
Age
Under 25 5 5 0 9 9 1 10
25-34 85 82 13 131 124 33 157
35-44 149 135 5 288 263 33 296
45-54 152 151 3 253 250 15 265
55-64 105 104 3 181 179 9 188
Over 64 12 12 1 26 25 1 26
Classification
VPS1 1 1 0 2 2 0 2
VPS2 13 12 1 18 17 0 17
VPS3 76 71 0 115 108 6 114
VPS4 85 83 9 156 148 18 166
VPS5 127 120 9 250 235 32 267
VPS6 160 156 5 250 244 23 267
VPS7 10 10 0 18 18 1 19
Executives 28 28 1 53 53 0 53
Principal scientist 5 5 0 10 10 7 17
Science 9 8 4 12
Legal officers 1 1 0 4 4 1 5
Ministerial driver 2 2 0 3 3 0 3
Notes
i FTE means Full-Time Equivalent.
ii All figures reflect employment levels during the last full pay period in June of each year.
iii Excluded are those on leave without pay or absent on secondment, external contractors/consultants, temporary staff employed by employment agencies and statutory appointees.
iv Employee numbers for Tourism Victoria are published in its annual report and are not included in the department’s annual report.
v For reference, the total FTE for Tourism Victoria is:
June 2013 – 69 FTE
June 2014 – 61 FTE.
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PROFILE OF EXECUTIVE OFFICER (EO) EMPLOYEES AS AT 30 JUNE 2014
Table 1: Number of EOs classified into ‘ongoing’ and ‘special projects’
Classification All OngoingSpecial
projects
No.Variation from previous year No.
Variation from previous year No.
Variation from previous year
Secretary 1 0 1 0 0 0
EO-1 3 2 3 2 0 0
EO-2 21 6 21 7 0 -1
EO-3 47 19 47 19 0 0
Total (a) 72(b) 27 72 28 0 -1
Notes
(a) The department’s executive envelope at 30 June 2014 is 77. Five Tourism Victoria EO positions are reported separately in the Tourism Victoria annual report.
(b) Includes 19 vacancies at 30 June 2014.
Table 2: Breakdown of EOs by gender for ‘ongoing’ and ‘special projects’
Classification Ongoing Special projects
Male
Variation from
previous year Female
Variation from
previous year
Current vacancies
Variation from
previous year Male
Variation from
previous year Female
Variation from
previous year
Current vacancies
Variation from
previous year
Secretary 1 0 0 0 0 0 0 0 0 0 0 0
EO-1 3 2 0 0 0 0 0 0 0 0 0 0
EO-2 13 5 8 5 0 -3 0 0 0 0 0 -1
EO-3 18 7 10 5 19 7 0 0 0 0 0 0
Total (a) 35 14 18 10 19 4 0 0 0 0 0 -1
Notes
(a) Excludes five Tourism Victoria EO positions.
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Table 3A: Reconciliation with executive numbers in Note 32 of the Financial Report
2013 2014
Executives with total remuneration over $100,000 30 49 Total executives reported in Note 32 of Financial Report at 30 June 2013 38
Executives employed with total remuneration below $100,000 (a) 8 17 Add
Total reported in Note 32 of the Financial Report 38 66 Commenced during 2013-14 13
Add
Appointed to executive role from Victorian Public Sector (VPS) during 2013-14 3
MOG arrivals during 2013-14 21
Vacant roles 16 19 Less
Accountable officers 1 1 Separations during 2012-13 8
Less
Right of Return to VPS during 2012-13 1
MOG transfers out during 2012-13 0
Separations/Leave without pay 10 14 Leave without pay commenced during 2012-13 0
Total executive numbers as at 30 June (b) 45 72 Total executives reported in Note 32 of Financial Report at 30 June 2014 66
Notes
(a) This reflects executives commencing or ceasing employment part-way through the year.
(b) Excludes five Tourism Victoria EO positions.
Table 4: Departmental portfolio executives 30 June 2014
2013 2014 Variation from previous year
Organisation Name Female Male Total Female Male Total Female Male Total
Australian Grand Prix Corporation 1 5 6 1 4 5 0 -1 -1
Docklands Studios Melbourne 0 1 1 0 1 1 0 0 0
Emerald Tourist Railway Board 0 2 2 0 2 2 0 0 0
Energy Safe Victoria 2 7 9 3 6 9 1 -1 0
Federation Square Pty Ltd 2 2 4 1 3 4 -1 1 0
Film Victoria 1 1 2 1 2 3 0 1 1
Melbourne Convention and Exhibition Trust 5 3 8 5 4 9 0 1 1
Melbourne Market Authority 1 2 3 1 3 4 0 1 1
Victorian Major Events Company Ltd 1 2 3 1 2 3 0 0 0
Totals 13 25 38 13 27 40 0 2 2
Notes
(a) Information provided by Victorian Public Sector Commission.
(b) All figures reflect employment levels during the last pay period in June each year.
(c) Excluded are those on leave without pay or absent on secondment, external contractors/consultants and temporary staff employed by employment agencies.
Table 3B: Note 32 of Financial Report – movement from 2013-14
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APPENDIX 10 HUMAN RESOURCE MANAGEMENT
OCCUPATIONAL HEALTH AND SAFETY
Lag indicators 2011-12 2012-13 2013-14
INCIDENTS AND HAZARDS
Number 22 20 35
Rate per 100 FTE 3.2 3.4 3.5
Number of standard claims 5 2 0
Rate of standard claims per 100 FTE 0.72 0.34 0.0
Number of lost time claims 4 1 3
Rate of lost time claims per 100 FTE 0.58 0.17 0.3
CLAIMS
Number of claims exceeding 13 weeks 1 0 0
Rate of lost time claims per 100 FTE 0.14 0 0
FATALITIES
Fatalities claims Nil Nil Nil
CLAIM COSTS
Average cost per standard claim $23,808 $7,093 $0
PREMIUM RATE
Department’s Premium Rate 0.5159 0.2715 0.2525
RETURN TO WORK
Percentage of claims with a return to work plan < 30 days 100% 100% 100%
Lead indicators of OH&S Management 2013-14
MANAGEMENT COMMITMENT
Evidence of OH&S Policy statement Policy statement displayed on the department’s intranet
OH&S objectives Objectives identified in the OH&S Strategy 2012-14 are being progressively implemented through annual actions plan
Regular reporting to Senior Management Minutes of quarterly OH&S Committee meetings tabled at SMM and published on the department’s intranet
Evidence of OH&S criteria in purchasing guidelines (including goods, services and personnel)
Standard contract agreements require contractors to observe all applicable industrial laws and awards in delivering services to the department
CONSULTATION
Evidence of agreed structure of Designated Work Groups (DWGs), Health and Safety Representatives (HSRs) and Issue Resolution Procedures
Representative DWGs established and revised as a result of MOG changes. HSRs elected for DWGs. OH&S Committee, chaired by Deputy Secretary Corporate, Planning and Compliance Services, meets quarterly. All HSRs are members of the Committee
Compliance with agreed structure on DWGs, HSRs and Issue Resolution Policies (IRPs)
The IRP and procedures are displayed on notice boards and are accessible via the department’s intranet
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The department continues to support goals by providing managers and employees with appropriate OH&S information, effective systems to prevent injury, and proactive holistic strategies that focus on health and wellbeing. Accordingly, the department has undertaken a range of initiatives over the past 12 months, including:
> the completion of ‘Wellbeing and Work’, the department’s OH&S Strategy 2012-14
> 680 employees trained through the Building Professional Workplaces in the department’s program to complement and build on the Professional Workplace Framework
> restructure of DWGs to account for MOG changes
> implementation of mandatory OH&S managers training for current and new people managers
> improved instructions for emergency wardens and further development of the Personal Emergency Evacuation Plan process for mobility-impaired employees
Lead indicators of OH&S Management cont. 2013-14
RISK MANAGEMENT
Internal audits/inspections Biannual workplace inspection program in place. A total of 58 inspections have been conducted at departmental sites across Victoria
Identified issues actioned arising from internal audits Improvements were made to chemical storage, labelling and registering of chemicals. It was identified that the chemical register requires a full review, adapted for new work locations. Eight workplaces were identified where fire extinguishers had not been tested
HSR provisional improvement notices No notices issued
WorkSafe notices No notices issued
TRAINING
Induction Online OH&S training module is mandated for all new employees and contractors. Completion rates are now reported to the OH&S Committee and in corporate reporting
People managers An online managers’ training program, tailored to the department’s OH&S management system and risks is mandatory for all people managers. Completion rates are reported to the OH&S Committee
Contractors, temps and visitors Workplace OH&S induction checklist for managers included in On-boarding and Induction Guide. Checklist regularly reviewed and updated
HSR initial five-day training 20 new HSRs trained during 2013-14. 92 per cent of all HSRs have undertaken the five-day training.
HSR refresher training 27 HSRs attended refresher training in 2013-14
The department’s goal is to foster a health and safety culture and environment that will protect its people from workplace illness and injuries.
OH&S strategic objectives are:
> proactive initiatives to build a culture of health, safety and wellbeing
> integrating corporate health and OH&S programs
> increased education and information to ensure all managers and employees are supported to effectively manage their OH&S responsibilities
> early intervention and an increased focus on effectively managing workplace injuries.
The department recognises that achieving these objectives requires the commitment of everyone – leaders, people managers and employees. The department will continue to reinforce health and safety accountability at all levels to embed health and safety as part of the way DSDBI does business. Building this culture requires effective and meaningful consultation with employees on OH&S issues, enabling everyone to contribute to decisions that may affect their health, safety and wellbeing at work.
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Information in relation to public sector conduct and the VPS employment principles is promoted via policies on the intranet and through expert advice provided by Human Resources.
Organisational values
The department has embraced the values - accountability, respect, responsiveness, integrity, impartiality and leadership - which are outlined in the Public Administration Act 2004, to guide employee behaviour and promote a productive and inclusive culture.
The values are progressively being embedded into a range of human resource activities, including:
> performance management systems (both executive and non-executive)
> position descriptions for job advertisements
> relevant learning and development programs.
The department recognises that living these values will help to create a high-performance workplace that is characterised by positive relationships and respect for others.
SELECTION ON MERIT/EXEMPTIONS FROM ADVERTISEMENT
Recruitment and selection processes uphold merit and equity and are fully operational within the department. Policies, guidelines and associated documentation enshrining merit and equity continue to be promoted through training, marketing material and expert advice provided by Human Resources.
The authority to exempt vacancies from advertisement rests with the Secretary and/or authorised delegates in prescribed circumstances.
DISPUTE SETTLEMENT
The department’s dispute settlement process provides for disputes arising from a number of areas, including actions arising from section 64 of the Public Administration Act 2004. The department’s procedures provide for early intervention and informal resolution processes to be utilised wherever possible. There were no formal disputes accepted and settled through formal processes in 2013-14.
> ongoing provision of a holistic Health and Wellbeing Program, which includes regular seminars, education, an online program and telephone health coaching services
> 369 employees and 28 executives underwent a comprehensive preventative health assessment
> 60 per cent of employees had an annual flu vaccination
> quarterly meetings of the department’s OH&S Committee to discuss and review health and safety risks, consider policy issues and develop proactive OH&S strategies; committee activities are further supported by a detailed OH&S planning calendar
> successful management of three Return to Work Plans.
The department has maintained its strong record in providing a safe and healthy work environment, as demonstrated by an improved WorkCover performance.
PUBLIC ADMINISTRATION VALUES AND EMPLOYMENT PRINCIPLES
Driving public sector values
The department is committed to driving an organisational culture that attracts, develops, motivates and retains a diverse team of talented, high-performing employees.
The Code of Conduct is reinforced to new employees of the department by an online learning module and through the department’s On-boarding and Induction Guide. The online module explores ethical issues, and promotes understanding and awareness of the rights, responsibilities and behaviours expected of VPS employees. Completion of this module is a pre-requisite for confirmation of appointment following a probationary period.
Agency personnel engaged through the seven VPS-approved Master Vendors are advised, prior to commencing employment with the department, that they are expected to abide by the Code of Conduct and the department’s values.
There is a discrete site on the department intranet to inform contractors and consultants engaged by the department of their obligation to comply with the Code of Conduct, the department’s values and relevant policies and procedures.
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DIVERSITY
The department is committed to employing people with a diverse range of backgrounds and perspectives, and recognises the invaluable contribution that these differences make to the department.
Over the last year, the department’s Diversity Program has developed, coordinated and promoted a broad range of initiatives aimed at increasing engagement with diverse employee populations, including Aboriginal and Torres Strait Islanders, culturally and linguistically diverse employees, and people with a disability.
WOMEN’S AFFAIRS
The department’s internal Women’s Network Forums promote the continued development of female employees. The forums provide opportunities to hear from female leaders about their experiences as well as opportunities for discussion and networking with colleagues across the department.
Guest speakers in in 2013-14 included Sandra Denis, Deputy Secretary, Energy and Earth Resources and Janet Dore, CEO of the Transport Accident Commission.
INDIGENOUS COMMUNITIES
The department’s updated Aboriginal Employment Plan 2014-15 was launched in March 2014. The plan continues to align with Karreeta Yirramboi, the Victorian Aboriginal Public Sector Employment and Career Development Action Plan, and includes four areas for action:
> employment pathways and programs at the department
> attraction, recruitment and selection processes
> supportive and inclusive working environments
> opportunities for career development.
Additional highlights in 2013-14 included:
> the launch of the department’s Aboriginal Inclusion Action Plan in March 2014
> celebration of NAIDOC Week though a combined event with the Department of Transport Planning and Local Infrastructure, and Department of Justice
> recruitment undertaken for the 2015 graduate cohort through the Aboriginal Pathways to the VPS Graduate Recruitment and Development Scheme
> all employees invited to express their interest in Indigenous Cultural Awareness Training with opportunities commencing in 2014-15.
YOUTH EMPLOYMENT SCHEME
The department has participated in YES – formerly known as the Victoria works for Young People Program – since its inception, and remains committed to meeting youth employment goals and targets each year.
In 2013-14, the department accepted 20 traineeship placements across its offices. The majority of YES trainees are in the administrative, information technology and clerical categories, with trainees undertaking diverse roles that provide valuable on-the-job training.
The department will continue to actively participate in the scheme to help build trainees’ skills and provide employment opportunities for young people.
CULTURALLY AND LINGUISTICALLY DIVERSE COMMUNITIES
The department’s Cultural Diversity Plan reflects its commitment to harnessing the economic benefits of diversity by ensuring:
> the department’s programs and services pay due regard to cultural diversity in terms of awareness, access and utilisation
> cultural diversity is recognised and promoted in current and future programs as an asset that encourages growth and development
> the department’s internal processes, systems and practices reflect a best-practice approach to cultural diversity.
The department provides a full report on its initiatives and achievements in multicultural affairs annually to the Victorian Multicultural Commission as required by the Multicultural Victoria Act 2011.
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SUPERANNUATION SCHEME
Department employees who commenced before 1994 are members of defined benefits schemes such as the Revised, New or Transport schemes. These schemes are administered by the Government Superannuation Office, now an operating division of Emergency Services and State Superannuation. Since 1994, all new employees are able to nominate to have their employer contributions made to any complying accumulation fund of their choice, including VicSuper.
COMPLIANCE WITH THE CARERS RECOGNITION ACT 2012
The Carers Recognition Act 2012 requires that all State Government Departments responsible for developing or providing policies, programs or services that affect people in care relationships report on how they met their obligations under the Act in their annual report (s.12).
During 2013-14, the department has continued to promote workplace flexibility for all employees, including those in care relationships. Further work will be undertaken during the 2014-15 financial year to make additional resources available to employees and their managers.
APPENDIX 11 HUMAN RIGHTS AND RESPONSIBILITIES CHARTER
The Charter of Human Rights and Responsibilities Act 2006 (the Charter) applies to all public authorities, including government departments and agencies.
The Charter reinforces the protection of fundamental human rights and ensures that human rights are taken into account by the Government when it makes administrative decisions.
The department has a process for the assessment of new legislation and policies for their compatibility with the Charter.
Staff in the department participate in human rights training upon induction, and ongoing education about human rights is encouraged and promoted.
GRADUATE RECRUITMENT AND DEVELOPMENT SCHEME
The Victorian Public Service Graduate Recruitment and Development Scheme (GRADS) provides the department with a valuable source of high-potential candidates with a variety of academic qualifications and experience.
The department recruited five graduates for the 2013 program and gained an additional three graduates due to MOG changes.
Following successful completion of the 12-month program in January 2014, seven graduates returned to the department and were appointed to VPS Grade 3 positions.
The department has recruited seven graduates as part of the 2014 intake and will host a further 14 graduates on rotation during the course of the 2014 program.
MENTORING PROGRAM
Mentoring is often cited by corporate and government leaders as a key factor in successful workforce capability development. The department has implemented a Mentoring Program to build and to achieve personal, professional and organisational goals. This program has been running since 2002-03 and, in 2013-14, attracted 64 participants (32 mentees and their mentors) representing about 6 per cent of the workforce.
The focus of the 2013-14 Mentoring Program was to inspire VPS mentees to strive for higher levels of performance through the development of an ongoing relationship with a senior leader, an EO who can support the mentee to realise their professional goals and career opportunities.
LEARNING AND DEVELOPMENT
During the 2013-14 financial year, 389 participants attended 54 departmental and interdepartmental learning and development workshops.
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Key deliverables
Contribution to increased investment outcomes for Victoria
The VGBOs:
> converted a number of investment leads, including Mimecast, an ICT company that provides products and services to the professional services and government sectors, with the establishment of its Asia Pacific Headquarters in Melbourne, creating 25 jobs
> delivered a visit to the UK for Virgin Australia Melbourne Fashion Festival, with a number of opportunities generated (November 2013)
> delivered a visit to the UK by Mercer to support the promotion of the Melbourne Mercer Global Pension Index. The office arranged meetings for Mercer with international asset management firms and hosted a roundtable to discuss post retirement solutions and highlight Melbourne’s asset management leadership with financial services industry stakeholders (October 2013)
> delivered industry briefings on Victoria’s capabilities to stakeholders related to food and agribusiness, ICT, mining and retail across the UK and Europe
> conducted more than 200 meetings with companies on investing in Victoria.
Contribution to increased export outcomes for Victoria
The VGBOs:
> supported 82 Victorian companies that participated in trade programs to the UK and Europe, with anticipated export sales of $129 million in the 24 months following the activity
> identified export leads for Victorian businesses and delivered export facilitation programs
> developed a trade manual for Victorian companies entering the UK market
> worked with a number of intermediaries in the UK to create export opportunities for Victorian companies.
The VGBO overseas network comprises 17 representative offices in strategic locations. In 2013-14, a new office was established in Jakarta, Indonesia, and the Government announced it will open an office in Seoul, South Korea. Seven Commissioners and an Agent-General manage the 17 offices. The functions of the Agent-General and Commissioners are administered under the Agent-General and Commissioners for Victoria Act 2007.
The international VGBOs work in partnership with the department to facilitate foreign direct investment, develop exports and deliver WoVG activities. The offices play an essential role in raising the profile of Victoria and Victorian businesses internationally, including managing the state’s relationships with important international partners.
In the financial year 2013-14, the international VGBO network assisted in facilitating approximately $370 million of capital investment into the state, with investment projects supported by the VGBOs expected to generate over 2,370 new jobs in Victoria. The offices supported 2,150 Victorian companies in international markets, largely through the department’s Trade Mission Program. Overall, Victorian companies participating in international trade programs anticipated export sales of $1.867 billion in the 24 months following the activity.
Note: These figures are projected additional export sales as reported by companies participating in trade programs.
AGENT-GENERAL FOR VICTORIA – UK AND EUROPE
The Agent-General in London represents Victoria in the UK, Europe and Israel. The Agent-General and VGBOs in London and Frankfurt delivered a range of activities and initiatives in 2013-14.
Significant achievements
> Assisted in attracting $126 million worth of investment into the state, creating 539 jobs
> Assisted retailer H&M, which opened its Australian flagship store in Melbourne, creating up to 200 jobs
> Established the Significant Investor Visa Program in-market to assist investor candidates and promote Victoria’s wider investment opportunities.
APPENDIX 12 INTERNATIONAL VICTORIAN GOVERNMENT BUSINESS OFFICES
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Promotion of Victoria and its industry capabilities
The VGBOs:
> promoted Victoria’s cultural, sporting and other major events in-market
> developed a program to encourage high net worth individuals to consider Victoria as a migration destination through the Significant Investor Visa Program
> hosted Victoria Week in London, including the following events: VIP Royal Academy ‘Australia’ Exhibition (September to December 2013), Melbourne Cup Networking Event (November 2013), and the New Silk Road Forum: Opportunities for Mining and Mining Services Providers (November 2013)
> hosted three significant investment migration events across the UK and participated in a further 21 externally hosted migration expos promoting opportunities in Victoria
> presented at Mobile World Congress Barcelona (February 2014) and worked with the University of Melbourne, Monash University, Swinburne University of Technology and RMIT University to promote Victorian education and research capabilities
> provided in-market support (Frankfurt) for Victoria’s third Low Rank Coal Symposium (April 2014)
> presented at RED Money Conference in Luxembourg on Victoria’s agribusiness investment opportunities (June 2014).
Strengthening international relationships
The VGBOs:
> worked with the Australian Business in Europe (ABiE) groups in London, Frankfurt and Paris to support efforts to attract investment into Victoria
> strengthened Victoria’s relationship with the UK Trade and Investment Office (UKTI) London head office, as well as regional offices in Cambridge and Bristol, by assisting with business delegations to Australia
> supported two Australian Ambassador Dinner events in Berlin and Frankfurt with the Australian Embassy Germany, ABiE and Austrade, focused on business capability promotion
> delivered Victoria Week 2013, focused on Victoria’s central position in Australia’s mining industry
> through the New Silk Road Forum, the VGBO widened its engagement through presentations by Ambassadors for Kazakhstan, Uzbekistan and Mongolia to an audience of 150, focusing on Melbourne’s contribution to financial services, R&D, education and professional services supporting the mining industry
> delivered over 320 per cent growth in the Victorian Connection UK LinkedIn Group, utilising it as a business engagement forum
> hosted five Victorian Connection UK networking events, including a targeted industry roundtable with Victorian Connection financial services representatives
> worked with UKTI, Tech UK and the Australia French Chamber of Commerce to include Melbourne in its Australia-bound missions.
Delivery of a WoVG approach
The VGBOs:
> supported a visit to the UK and Poland by the Hon. Nicholas Kotsiras MP, Minister for Energy and Earth Resources, Minister for Multicultural Affairs and Citizenship (September 2013)
> coordinated a visit to continental Europe by the Hon. Matthew Guy MP, Minister for Planning (September 2013)
> coordinated a visit to continental Europe by the Hon. David Hodgett MP, Minister for Manufacturing, Minister for Ports and Minister for Major Projects (May 2014)
> supported a visit to the UK by the Victorian Small Business Commissioner (November 2013)
> facilitated the Joint Parliamentary Economic Development and Infrastructure Committee visit to the UK (July 2013)
> supported a briefing on Victoria’s economy and investment proposition by the Treasury Corporation of Victoria to key stakeholders in London.
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> Tintri – the ICT company will establish its Australian headquarters in Melbourne, creating 30 new jobs
> Microsoft – will establish a R&D centre at the University of Melbourne, creating 28 new jobs and $1 million in investment
> Brooks Brothers – retail expansion into Melbourne, creating 20 new jobs
> nSynergy – Microsoft SharePoint expansion, creating 120 jobs
> Williams–Sonoma Inc. – retail expansion into Melbourne, creating 30 new jobs
> United Airlines – will introduce direct flights six days per week from Los Angeles to Melbourne.
Contribution to increased export outcomes for Victoria
The VGBOs:
> coordinated a delegation of 18 organisations and companies participating in the Medical Device Trade Mission to San Diego, Boston and Washington DC (September 2013)
> coordinated a delegation of 22 Victorian mining companies participating in ExpoMin 2014, Santiago, Chile (April 2014)
> supported a delegation of 36 Victorian bio medical companies attending BIO2014 in San Diego, California (June 2014)
> partnered with Austrade on a pilot program that introduced 19 Victorian companies to Amazon.com for potential international promotion and distribution of their products through the Amazon online platform
> partnered with the Australian Automotive Aftermarket Association to support eight Victorian companies participating in the Performance Racing Industry Trade Show in Indianapolis (December 2013)
> supported a delegation of 13 Victorian companies participating in the Defence and Aerospace Trade Mission to Washington DC and Michigan (May 2014)
> supported 21 Victorian companies participating at the Games Developers Conference in San Francisco (March 2014)
Cooperation with the Federal Government
The VGBOs:
> collaborated with Austrade to present investment seminars for the food and agribusiness sector in the Netherlands
> worked closely with the Federal Government Department of Defence, the Defence Materiel Organisation and Australian Defence Attachés to promote Victorian capabilities and opportunities.
COMMISSIONER FOR VICTORIA – AMERICAS
The Commissioner in San Francisco represents Victoria in the Americas. The Commissioner and the VGBOs in San Francisco, New York, Washington and Chicago delivered a range of activities and initiatives in 2013-14.
Significant achievements
> Delivered and supported 20 significant investment projects from the USA into Victoria creating over 840 new jobs across manufacturing, retail, defence, food and beverage, energy and ICT
> Supported 431 Victorian companies participating in export and trade programs in North and South America. Participating companies reported anticipated export sales of over $453 million over the 24 months following the trade activity.
Key deliverables
Contribution to increased investment outcomes for Victoria
The VGBOs assisted in the facilitation of the following investments into Victoria:
> Equinix – $59 million investment in a premium data centre in Victoria, creating 20 new jobs
> High Tail – the Silicon Valley tech company established its Asia Pacific headquarters in Melbourne, creating 20 new jobs
> Eventbrite – the tech company will establish its Asia Pacific headquarters in Melbourne, creating 30 new jobs
> Exelis – the aerospace and defence company will establish its Asia Pacific headquarters in Melbourne, creating 68 new jobs
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> supported eight Victorian defence companies participating at the Association of US Army Trade Conference, in partnership with the Defence Materiel Organisation and Team Defence Australia, Washington DC (October 2013)
> supported three Victorian defence companies participating at Modern Day Marine, Virginia (September 2013)
> partnered with ANZA Technology and Pyksis to support small Victorian companies in the Global Acceleration Program.
Promotion of Victoria and its industry capabilities
The VGBOs:
> supported AIDS 2014, delivering a major event in San Francisco with the AIDS 2014 Chairperson promoting Melbourne as a destination for the AIDS 2014 Conference to leading USA HIV and medical researchers (March 2014)
> promoted Victoria’s capabilities in life sciences through presentations at the Boston-based Massachusetts Life Sciences Centre, International Collaborative Industry Program (April 2014)
> supported high-level engagement with the Government of San Luis, Argentina, to design and implement a new vocational training system based on the Victorian model (June 2014)
> collaborated with the Federal Government to host an aerospace and defence networking reception at the Embassy of Australia, Washington DC. This was supported by the Department of Foreign Affairs and Trade, Austrade and the Defence Materiel Organisation to promote the strengths of the sector in Victoria (May 2014)
> facilitated and supported Victorian IT companies utilising incubator facilities and services in Silicon Valley Plug and Play Tech Centre for Start Ups.
Strengthening international relationships
The VGBOs:
> partnered with the Australian Embassy Chile and Government of Chile to deliver an inbound program for a delegation of Chilean irrigators and officials to investigate irrigation modernisation, infrastructure and water management programs in Victoria (June 2014)
> partnered with Austrade Mexico to deliver an inbound program for a delegation from the Mexican National Water Commission, CONAGUA, to investigate irrigation modernisation, infrastructure and water management programs in Victoria (May 2014)
> supported leading Canadian industry figures to attend the Australia–Canada Economic Leadership Forum in Melbourne (February 2014)
> supported the Government of Mexico’s Economic Development Agency, ProMexico, to establish its first Australian trade and investment office in Melbourne (June 2014)
> supported USA defence trade delegations to attend the Pacific Defence 2013 MaritimeExpo, Australia (October 2013)
> supported leading USA Silicon Valley technology companies to participate in Connect Expo 2014 Conference in Melbourne (March 2014).
Delivery of a WoVG approach
The VGBOs supported a number of visits to the Americas, including:
> the Governor of Victoria His Excellency the Hon. Alex Chernov AC QC, who led the Victorian delegation to BIO 2014, San Diego (June 2014)
> the Hon. David Hodgett, Minister for Ports, Minister for Major Projects and Minister for Manufacturing, who led a Defence Industry Trade Mission to Washington DC, Texas and Detroit (May 2014)
> the Hon. Heidi Victoria, Minister for the Arts, to San Francisco (April 2014)
> the Hon. Michael O’Brien, Treasurer, to the USA and Canada (October 2013)
> the Secretary, Victorian Department of Human Services, to New York (October 2013)
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> Secured the pre-Asia Cup 2015 training camps of the Bahraini and Jordanian football teams (in Ballarat and Mulgrave, respectively) following a targeted program of activities to attract these teams to base their camps in Victoria rather than other states. This will provide an economic boost to these local areas and will help promote Victoria’s major event capabilities.
Key deliverables
Contribution to increased investment outcomes for Victoria
The VGBO promoted Victoria as an investment destination at:
> the UAE Global Investment Forum in Dubai (October 2013)
> the Global Islamic Economy Forum (November 2013)
> Austrade ‘Australia Unlimited’ Investment Forums in Dubai, Abu Dhabi, Riyadh, Muscat, Casablanca and Kuwait (April 2014)
> the Dubai Annual Investment Conference (April 2014)
> the Arabian Hotel Investment Conference in Dubai (May 2014)
> the Euromoney Asia Investment Conference, Istanbul (June 2014).
Contribution to increased export outcomes for Victoria
The VGBO:
> delivered the ‘Victoria Week 2013’ promotional program and trade mission including networking events, business meetings, forums and media coverage (September 2013). The 22 companies that participated reported anticipated export sales of more than $16 million in the 24 month period following the mission
> attended Salon International de l’alimentation (SIAL) food trade exhibition 2013, Abu Dhabi (November 2013)
> attended Australia Unlimited forums and seminars in Dubai, Saudi Arabia, Kuwait, Morocco and Oman
> the Commissioner, Victorian Fire Services, to California (April 2014)
> a Parliamentary Environment and Natural Resources Committee visit to the USA and Canada (August 2013).
Cooperation with the Federal Government
The VGBOs:
> collaborated with Austrade to promote the strengths of Victoria and Australia in a presentation to the Madison Wisconsin International Trade Association (June 2014)
> collaborated with the Defence Materiel Organisation in presenting Victoria’s defence capabilities at the annual Foreign Comparative Technology Conference, Office of the USA Secretary of Defence (April 2014)
> collaborated with Federal Government representatives in Argentina to support a new vocational training system based on the Victorian model in San Luis (June 2014)
> collaborated with Austrade and the Defence Materiel Organisation in North and South America to facilitate a number of investment, trade and defence industry opportunities for Victoria.
COMMISSIONER FOR VICTORIA – MIDDLE EAST, AFRICA AND TURKEY
The Commissioner in Dubai represents Victoria in the Middle East, Africa and Turkey. The Commissioner and the VGBO in Dubai delivered a range of activities and initiatives in 2013-14.
Significant achievements
> Supported more than 110 Victorian businesses that participated in the STM to Saudi Arabia, the United Arab Emirates (UAE), Oman and Turkey in February 2014. Companies that participated reported more than $305 million in anticipated exports in the 24 months following the mission
> Supported 418 companies in total through export programs and missions. Companies participating in export programs reported anticipated export sales of over $330 million in the 24 months following the activity
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Delivery of a WoVG approach
The VGBO:
> contributed to the implementation of the Victorian Government’s Victoria – Gulf States Engagement Strategy 2013
> supported Australian Business Groups in Dubai, Abu Dhabi, Riyadh and Muscat
> exhibited at the Soccerex Jordan Forum promoting training camps in Victoria prior to the Asian Cup 2015 (May 2014).
Cooperation with the Federal Government
The VGBO:
> supported the Australia Day events held by the Australian Embassies in Abu Dhabi and Riyadh
> collaborated with Austrade on education exhibitions in Istanbul, Riyadh, Muscat, Lagos and Accra.
COMMISSIONER FOR VICTORIA – INDONESIA
The Commissioner in Jakarta represents Victoria in Indonesia. The Commissioner and the VGBO in Jakarta delivered a range of activities and initiatives in 2013-14.
Significant achievements
> Commenced activities in January 2014, following the appointment of the Commissioner
> Recruited key VGBO staff
> Supported 35 companies and organisations from across the two key industries of sustainable urban development and agribusiness / food participating in the Victorian Government’s STM to South-East Asia in June 2014.
Key deliverables
Promotion of Victoria and its industry capabilities
The VGBO:
> organised a ‘Put Victoria on Your Table’ gala event for more than 100 key food buyers as part of the STM to South-East Asia 2014
> provided assistance to Victorian exhibitors at the Food & Hotel Asia 2014 Trade Fair (April 2014).
> facilitated an inbound mission to Melbourne for education representatives from Saudi Arabia (June 2014).
Promotion of Victoria and its industry capabilities
The VGBO:
> promoted Victoria’s automotive aftermarket capabilities and supported Victorian companies at Automechanika Middle East. The VGBO also hosted a business networking reception with local buyers (June 2014)
> promoted Victoria’s education capabilities at:
> A2 Education Fairs in Kazakhstan (March 2014), Istanbul (November 2013 and February 2014), Rabat and Casablanca (April 2014)
> GHEDEX Education Exhibition in Oman (April 2014)
> International Exhibition and Conference on Higher Education in Saudi Arabia (April 2014)
> an education exhibition in Accra, Ghana (May 2014)
> QS Middle East and North Africa Professional Leaders in Education Conference and Exhibition (May 2014).
Strengthening international relationships
The VGBO:
> supported the visit to the Middle East and Turkey by the Hon. Louise Asher MP, Minister for Innovation, Minister for Tourism and Major Events, Minister for Employment and Trade, who led the STM to the market (February to March 2013). Arranged meetings with senior government officials and business leaders in the Middle East and Turkey
> conducted Commissioner level meetings with government officials and business leaders in the UAE, Saudi Arabia, Qatar, Oman, Kuwait, Morocco and Turkey
> conducted meetings with the St Petersburg Government and other potential business partners in Russia during the 25th anniversary of the sister-city relationship between Melbourne and St Petersburg.
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Cooperation with the Federal Government
The VGBO:
> supported the Austrade Indonesia Culinary Trails Program, featuring a four-week Victorian food and beverage retail promotion and two independent industry events promoting Victorian beef and lamb.
COMMISSIONER FOR VICTORIA – CHINA
The Commissioner in Shanghai represents Victoria in Greater China. The Commissioner and the VGBOs in Beijing Chengdu, Hong Kong, Nanjing and Shanghai delivered a range of activities and initiatives in 2013-14.
Significant achievements
> Supported more than 270 Victorian organisations and more than 410 delegates participating in the STM to China in October 2013. About 38 per cent of trade mission participants were new to the Chinese market and 30 per cent (prior to the trade mission) had not previously exported
> Conducted major showcase events in the cities of Tianjin and Shanghai as part of the mission, promoting Victoria’s food, beverage, services and education exports as well as inbound investment
> Companies that participated in the mission reported anticipated export sales of $390 million in the 24 months following the mission.
Key events culminating during the STM
> the Premier of Victoria the Hon. Dr Denis Napthine MP hosted a Food and Agriculture Investment Roundtable meeting in Shanghai with 60 participants including some of China’s largest food and agricultural companies
> the Hon. Peter Walsh MP, Minister for Agriculture hosted several key events and meetings in Tianjin, Beijing and Shanghai focusing on agribusiness investment and market access for Victorian exporters
> the Hon. Louise Asher MP, Minister for Innovation, Minister for Tourism and Major Events and Minister for Employment and Trade, officially opened the VGBO in Chengdu City
Strengthening international relationships
The VGBO:
> supported a visit to Victoria by a delegation of Indonesian Pension Fund Association members to learn about the Australian superannuation system (April 2014)
> facilitated a visit to Victoria by senior Indonesian Government officials to explore Victoria’s experience of Public Private Partnerships mechanisms for infrastructure delivery (May 2014)
> facilitated a visit to Victoria by a delegation of eight Yogyakarta Government officials to explore trade collaboration opportunities in the fields of education, ICT, arts and tourism (June 2014)
> assisted with a visit to Victoria by a delegation of Indonesian businesses and KADIN (Kamar Dagang dan Industri), the official business representative association of Indonesia (June 2014)
> supported a visit to Victoria by 10 Indonesian automotive industry representatives to explore opportunities for collaboration with Victorian automotive parts manufacturers (May 2014)
> established a relationship with the Victoria chapter of the Australian Indonesian Business Council to help explore investment and trade opportunities.
Delivery of a WoVG approach
The VGBO:
> supported the visit by the Hon. Peter Walsh MP, Minister for Agriculture and Food Security as part of the STM to South-East Asia (June 2014)
> supported the expansion of the Hamer Scholarships Program to Indonesia – assisted with establishing Victoria’s relationships with partner organisations in Indonesia
> supported the implementation of the Victorian Government’s South East Asia Market Engagement Plan (2013).
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> facilitated an inbound delegation of Chinese buyers to the International Food and Beverage Trade Week in Melbourne (March 2014)
> assisted a visit to Guangzhou by the Central Victorian Exporters Network (September 2013)
> coordinated a function for senior representatives of the China Commercial Aircraft Company (COMAC), in support of the research collaboration and export activities between COMAC and Advanced Composite Structures Australia.
Promotion of Victoria and its industry capabilities
The VGBOs promoted the Significant Investor Visa Program which has contributed to a significant increase in interest in Victoria as a migration destination:
> participated in more than 150 events across China promoting Victoria as the right destination for potential private investors
> provided information to more than 5,500 potential migrants and intermediaries at these events.
The VGBOs participated in the following education events under the Study Melbourne brand:
> Study Melbourne agents briefing in Hong Kong (August 2013)
> Victorian Government Education Agents Briefing in Taipei (October 2013)
> Study Melbourne Seminar in Taipei (October 2013)
> China International Education Exhibition Tour 2014 in Beijing, Shanghai, Wuhan and Guangzhou (throughout March 2014).
The VGBOs supported and promoted Victoria’s trade interests at the following events:
> Children, Baby and Maternity Exhibition, Shanghai (July 2013)
> Hong Kong International Baby Products Expo (August 2013)
> Asia Fruit Logistica, Hong Kong (September 2013)
> Angliss Discovery 2013 Trade Show (October 2013)
> the Premier hosted a networking dinner for more than 700 guests in Shanghai
> the Premier and the Hon. David Hodgett MP, Minister for Ports, Minister for Major Projects and Minister for Manufacturing, held discussions with Chinese officials on critical port infrastructure development including a visit to Yangshan Port
> Minister Hodgett represented the Victorian Government at the opening of Bluescope Steel’s world-class energy efficient production facility in Xi’an.
Key deliverables
Contribution to increased investment outcomes for Victoria
The VGBOs:
> provided support to Ovolo Hotel Group which committed to establishing its Australian headquarters in Melbourne
> supported Coal Energy Australia’s commitment to an investment exceeding $100 million utilising Chinese technology for the advanced processing and export of lignite derivatives
> assisted Shanghai Electric Power, which has committed to investments over the next five years for an advanced lignite processing project in the Latrobe Valley
> facilitated an Australian Dairy Park investment of $15 million for milk product exports to China
> supported Fly Overseas Group, which has established its regional headquarters in Melbourne, creating 40 full-time jobs
> assisted PowerChina, which has committed to establishing its Australian/New Zealand headquarters in Melbourne.
Contribution to increased export outcomes for Victoria
The VGBOs:
> supported 630 Victorian companies participating in trade programs that have reported anticipated exports of $550 million in the 24 months following the trade program
> coordinated a Victorian Financial Services Mission to Beijing, Shanghai, Shenzen and Hong Kong (March 2014)
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> provided business support for nearly 20 inbound delegations from China, including multiple delegations from Jiangsu to Victoria.
Delivery of a WoVG approach
The VGBOs:
> played a lead role in securing the cooperation and collaboration of authorities in China to support the Government’s Victorian Young Leaders to China Program (Victorian Secondary Schools China Immersion Program)
> supported the Hamer Scholarships Program with further rounds of participants completing their studies in China
> supported Victoria’s relationships with Jiangsu-based universities and the Jiangsu Education Department
> supported candidates participating in the ALDP, a collaboration between the Victorian and Federal Governments
> supported multiple visit programs to China related to Victorian brown coal R&D programs
> supported a visit by a Victorian Parliamentary Delegation, led by the Hon. Ken Smith MP, then Speaker of the Legislative Assembly.
Cooperation with the Federal Government
The VGBOs:
> collaborated with the Australian Embassy in Beijing regarding coordination of visit programs, including for the Hon. Andrew Robb MP, Federal Minister for Trade as special guest of the Premier at Victoria’s Food and Agriculture Investment Roundtable in Shanghai
> worked with the Australian Embassy in Beijing and the Australian Consulate in Shanghai on the Australia Week in China Program and the Prime Minister’s and State Premiers’ visit in April 2014, including the Prime Minister’s participation at Victorian Government hosted events.
> Food and Hotel China, Shanghai (November 2013)
> Hong Kong International Wine and Spirits Fair (November 2013)
> Cosmoprof (Asia’s leading beauty and cosmetics trade show) in Hong Kong (November 2013)
> Appliance World Expo, Shanghai (March 2014)
> Mines and Money, Hong Kong (March 2014)
> Hong Kong International ICT Expo – the VGBO assisted 17 exhibiting and visiting Victorian ICT companies (April 2014)
> SIAL (Asia’s leading food and beverage exhibition) in Shanghai (May 2014)
> Asian Racing Conference – assisted 10 exhibiting Victorian companies (May 2014)
> Biofach China, Shanghai (May 2014)
> Taipei Food Show (June 2014).
Strengthening international relationships
The VGBOs:
> led by the Commissioner, executed a strategic MOU on behalf of the Victorian Government with the China Development Bank for collaboration and information exchange on investment in infrastructure related programs including agribusiness related projects. This was witnessed by the Premier of China Li Keqiang and the Prime Minister of Australia the Hon. Tony Abbott MP
> organised and supported the visit by the Premier of Victoria the Hon. Dr Denis Napthine MP to Nanjing for official meetings with Jiangsu’s Party Secretary and Governor (April 2014)
> coordinated Victoria’s sponsorship of an Oriental Mining Club event in Shanghai with the Premier as a guest speaker
> supported the Premier’s signing of a MOU with PowerChina in April 2014 to help bring the world-class construction company to the Australian market to improve competition and productivity in the Victorian construction sector
> attended and supported the visit program of the City of Melbourne Lord Mayor and his delegation to Beijing and Tianjin (March 2014)
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> organised high-level trade and investment roundtables hosted by the Hon. Louise Asher MP, Minister for Innovation, Minister for Tourism and Major Events and Minister for Employment and Trade, in Malaysia and Singapore as part of the STM to South-East Asia.
Contribution to increased export outcomes for Victoria
The VGBO:
> supported the Victorian ICT Mission of 52 companies to CommunicAsia Singapore (June 2013) resulting in anticipated export sales of over $27 million in the 24 month period following the mission
> supported the Victorian Food and Beverage Trade Mission to Food & Hotel Asia in Singapore (April 2014). Forty four Victorian companies participated and reported anticipated export sales of over $19 million in the 24 month period following the mission
> organised a networking reception for over 120 key food buyers, both importers and retailers, to promote Victorian food produce during Food & Hotel Asia 2014
> supported a visit by 12 Thai companies, seven Singaporean companies and seven Malaysian companies for the International Food and Beverage Trade Week in Melbourne (March 2014)
> collaborated with the Royal Agricultural Society of Victoria (RASV) on a video featuring the transformation of the South-East Asian food industry and highlighting the in-market opportunities for Victorian exporters to the region. The video was launched at the RASV’s Heart of Victoria gala dinner (June 2014)
> facilitated six Malaysian companies, two Indonesian companies and one Thai company to attend the Australian Automotive Week in Melbourne (March 2014)
> in collaboration with Austrade, assisted the Federation of Automotive Product Manufacturers with a trade mission to Malaysia and Indonesia that included 11 Victorian companies (February 2014)
COMMISSIONER FOR VICTORIA – SOUTH-EAST ASIA
The Commissioner in Kuala Lumpur represents Victoria in South-East Asia. The Commissioner and the VGBO in Kuala Lumpur delivered a range of activities and initiatives in 2013-14.
Significant achievements
> Played a role in attracting over $11.4 million in capital investment from South-East Asian companies to Victoria that is expected to create 186 jobs
> Supported 270 Victorian companies participating in trade programs in the region. Participating companies reported anticipated export sales of over $278 million in the 24 months following the trade program
> Supported more than 130 Victorian organisations from across five key industries participating in the Victorian Government’s second STM to South-East Asia (June 2014). The mission travelled to Malaysia, Indonesia, Singapore, Myanmar and Thailand. Companies are estimated to have made more than 1,700 business connections during the mission and (as of 30 June 2014) had reported anticipated export sales of over $68 million in the 24 months following the mission.
Key deliverables
Contribution to increased investment outcomes for Victoria
The VGBO:
> facilitated an investment by RedDot Brew House of Singapore to establish a boutique micro-brewery in Victoria, expected to create 25 new jobs
> facilitated an investment by Singapore International Airlines Engineering Company to establish a maintenance, repair and overhaul operation at Melbourne Airport, expected to create up to 100 jobs
> progressed a number of investment leads in aviation, ICT, tourism, hospitality, and property development and construction industries
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> attended the launch of the Malaysian National Automotive Policy 2014 that saw Swinburne University of Technology sign a MOU with the Malaysian Automotive Institute, ARCA Corporation Sdn Bhd and Australia’s AutoCRC, to develop and manufacture electric buses, lithium ion batteries and a commercial vehicle tracking system. The Commissioner participated in a media panel session with the Malaysian Minister for International Trade and Industry
> provided support to Ironstone Capital and facilitated meetings with Malaysia’s largest coal importers and energy regulators (September 2013)
> participated in the 2014 Study Melbourne Fairs in the Malaysian cities of Johor Bahru and Kuala Lumpur to promote Victorian education institutions and Melbourne as a study destination
> organised a networking dinner with seven local education agents and 12 Victorian alumni in Yangon, Myanmar, as part of the STM 2014
> in collaboration with CPA Australia, organised a workshop in Kuala Lumpur titled ‘9 Reasons Why Innovation Fails’ attended by 80 participants from a broad range of industries
> facilitated a meeting between La Trobe University and the Malaysian-based Crops for the Future Research Centre to explore collaborative R&D projects, particularly with regard to the new AgriBio facility, which is a joint venture between the Victorian Government and the University (February 2014)
> supported the establishment of the Melbourne Business School – Mt Eliza Executive Education unit’s new office in Malaysia
> in conjunction with Monash University Malaysia, organised the Taste of Australia – Experience Victoria event (September 2013). The event showcased Victoria’s passion for sport, food and culture to more than 500 Monash Malaysia students.
> supported the Victorian Urbanisation and Infrastructure Mission to Timor Leste (February 2014) that involved six Victorian companies and resulted in anticipated export sales of over $9 million for the 24 month period following the mission
> supported the participation of five Victorian organisations at Carbon Forum Asia, Thailand (September 2013) resulting in $13.7 million in anticipated exports over the 24 month period following the mission
> assisted Northern Melbourne Institute of TAFE to secure a Train the Trainers contract with the National Association of Private Education Institutions and the Federation of Malaysian Accredited Centres, resulting in export sales of $64,000
> a MOU was signed between Federation Training and three Malaysian partners during the STM to South-East Asia, witnessed by the Hon. Louise Asher MP, Minister for Employment and Trade and the Malaysian Deputy Minister for Youth and Sports. The project is expected to result in export sales of $60,000 in the 24 months following the activity
> supported the education stream of the Victorian STM to South-East Asia that involved 15 TAFEs and private registered training organisations and six universities, visiting Malaysia, Indonesia and Vietnam. This resulted in $4.22 million in anticipated exports over the 24 months following the mission.
Promotion of Victoria and its industry capabilities
The VGBO:
> managed an extensive South-East Asia wide public relations campaign to promote Victoria’s trade and investment value proposition. A total of 156 print, online and broadcast media clippings were generated with an estimated advertising equivalent value of $260,000
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Delivery of a WoVG approach
The VGBO:
> supported a visit to Thailand by the Hon. Peter Walsh MP, Minister for Agriculture and Food Security (October 2013)
> promoted the Victorian Government’s infrastructure development plans and PlanMelbourne
> assisted with the promotion of AusMed 2014, in Melbourne (April 2014)
> assisted the Victorian Department of Environment and Primary Industries with a Victorian potato industry visit to Malaysia (December 2013).
Cooperation with the Federal Government
The VGBO:
> presented at the Australia – A Wealth of Investment Opportunities Forum in Kuala Lumpur Malaysia (November 2013) jointly organised by Austrade Kuala Lumpur and Tourism Australia, attended by over 50 senior Malaysian executives
> participated in a networking event hosted by the Australian High Commission to Malaysia for the Hon. Julie Bishop MP, Australian Minister of Foreign Affairs, with the theme ‘Enhancing the Australia-Malaysia relationship through education’ - the New Colombo Plan was announced which the VGBO supports through active promotion and in-country support
> participated in the International Women’s Day: Celebrating Women in Education event in Kuala Lumpur (March 2014), organised by the Australian High Commission in Malaysia and attended by 60 prominent international business women
> worked closely with the Australian High Commission to Malaysia and Austrade Kuala Lumpur to deliver the Victorian Government STM to South-East Asia and the associated Ministerial visit programs. Ministerial level meetings were arranged with the Malaysian Minister for Tourism, the Malaysian Minister for Agriculture and the Malaysian Minister for International Trade and Industry.
Strengthening international relationships
The VGBO:
> continued to strengthen engagement with Victoria’s international alumni, diaspora and business professionals through the promotion of the Victorian Connection chapters in Malaysia, Singapore, Indonesia and Vietnam
> in conjunction with the October 2013 visit by the Governor of Victoria His Excellency the Hon. Alex Chernov AC QC, staged two Victorian Connection receptions in Singapore and Malaysia, attended by 120 and 130 members respectively
> facilitated the involvement of the Governor of Victoria in the 5th World Chinese Economic Forum staged in Kuala Lumpur, Malaysia (October 2013). The Governor of Victoria met with the Deputy Prime Minister of Malaysia, the Chief Minister of Penang and was also granted an audience with His Royal Highness the Regent of Perak
> attended the World Cities Summit in Singapore (June 2014)
> facilitated an inbound delegation of 11 teachers and parents and 24 primary students from Marian Convent, a public school from Ipoh, Malaysia to Melbourne (June 2014) which included a one-day immersion at Haileybury Primary, Brighton Campus
> attended and presented a paper at the Asia Pacific Association of International Education Conference in Seoul, South Korea attended by 1,300 participants from over 60 countries
> assisted a delegation of eight Indonesian education providers and 18 delegates led by the Yogyakarta chapter of the Indonesian Association of Private Higher Education to Melbourne (November 2013).
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> supported 29 companies that participated in the Victoria Week Trade Mission in September 2013 led by the Hon. Louise Asher MP, Minister for Innovation, Minister for Tourism and Major Events, and Minister for Trade and Employment, to Mumbai, Delhi, Bangalore, Ahmedabad and Pune
> assisted Victorian companies participating in conferences and visits in India including:
> five food and beverage companies that exhibited at the largest Indian food expo Annapoorna World of Food Exhibition in Mumbai
> a mission of five geospatial companies to India (February 2014) to attend the India Geospatial Forum in Hyderabad
> RMIT University and private institutes such as Asia Pacific Training Organisation, Darlo Consulting and Mentor Education
> supported the establishment of Victoria-India partnerships and projects including:
> a collaborative project between the Victorian Government, Earth Systems and the Indian Institute of technology Kanpur to tackle tannery waste issues in the Ganges River basin
> the Sporting Excellence through Partnership and Development Project between Kerala Government and Victoria University
> the signing of a Vocational Education and Training MOU between Kalyani Skills, a Bharat Forge Group Company and Chisholm Institute of TAFE
> partnerships between Career Life College with eight institutes and government agencies across India
> an MOU between Jawaharal Institute of Post Graduate Medical Research Institute and Bionics Institute of Australia for cooperation on neurosciences
> Victorian company Hydronumerics with a project in Gujarat
> establishment of a training centre by GLOB-Education Promotion Company, a subsidiary of SILK education (Victorian provider)
COMMISSIONER FOR VICTORIA – INDIA
The Commissioner in Bangalore represents Victoria in India, Sri Lanka, Bangladesh, Bhutan and Nepal. The Commissioner and the VGBOs in Bangalore and Mumbai delivered a range of activities and initiatives in 2013-14.
Significant achievements
> Supported more than 100 Victorian organisations, representing five industry streams participating in the STM to India (March 2014) which visited five Indian cities. Companies that participated in the mission reported anticipated export sales of $38 million in the 24 months following the mission. In total, the VGBO supported 174 Victorian companies participating in trade programs in 2013-14. Those companies reported anticipated export sales of more than $72 million in the 24 months after the trade activity
> Cyient (formerly Infotech Enterprises) announced the expansion of its Melbourne delivery centre creating 150 full-time jobs in Melbourne during an Engineers Australia industry forum in March 2014.
Key deliverables
Contribution to increased investment outcomes for Victoria
The VGBOs:
> assisted Servion Global Solutions with the establishment of its Australian headquarters in Melbourne (announced in March 2014)
> assisted more than 20 Indian companies looking to establish a presence in Victoria.
Contribution to increased export outcomes for Victoria
The VGBOs:
> delivered the STM in March 2014, which consisted of industry streams for sustainable urban development, ICT, health and aged care, and education. Organised more than 540 individual meetings for the 100 participating Victorian organisations
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> Commissioner delivered the closing address at the UNAIDS 2014 promotional event in Delhi
> supported the AFL India 2014 tournament held in Goa
> provided support at the Samaanata Conference, the final leg of the Sangam Project in Bangalore – Sangam is a collaborative arts annual conference which provides a platform for Australian and Indian artists for partnerships and exchanges
> facilitated the Victorian Government’s sponsorship of the Australia India Youth Dialogue 2014 held over three days in Hyderabad and Delhi (January 2014)
> enhanced engagement with Victorian alumni through events and active promotions, in particular through the Victoria Connections Program. The VGBO increased the membership base of this group by 61 per cent in the six months from December 2013 to July 2014.
Delivery of a WoVG approach
The VGBOs:
> organised a business working lunch hosted by the Secretary for key Karnataka Government representatives from education, trade and tourism in Bangalore during his visit in October 2013 to promote the STM 2014
> implemented initiatives under the state’s India strategy Victoria and India – From Engagement to Partnerships (2013) through conferences, seminars and missions.
Cooperation with the Federal Government
The VGBOs:
> partnered with Austrade to support a visit to India by the CEO of Neurosciences Victoria, who met with Indian pharmaceutical companies to scope interest for joint projects in Melbourne
> worked closely with Austrade, the Australian High Commission and Australian Consulate in Mumbai on plans for Vibrant Gujarat 2015
> participated in a joint promotion of the Cricket World Cup 2015 with the Australian High Commission.
> supported inbound missions of Indian companies to explore opportunities for partnerships in Victoria including:
> a buyer delegation of 10 Indian leather companies from the Council of Leather Exports to source raw materials and speciality leathers and learn from Victoria’s expertise in treating effluents from tanneries
> Marico Industries, one of India’s fast moving consumer goods companies.
Promotion of Victoria and its industry capabilities
The VGBOs:
> supported the Institute of Health Nursing Australia which launched a professional nursing exchange program in Kerala
> conducted a seminar on Victorian research and innovation capabilities to top engineering colleges in Bangalore, Karnataka (August 2014)
> organised a roundtable with Indian Banks’ Association members with the Hon. Gordon Rich-Phillips MLC, Assistant Treasurer, Minister for Technology and Minister responsible for the Aviation Industry
> in partnership with Mind Blowing Films, organised the media event for the Indian Film Festival of Melbourne (IFFM) 2014 in Mumbai (March 2014), attended by the Hon. Louise Asher MP, Minister for Innovation, Minister for Tourism and Major Events and Minister for Employment and Trade and IFFM ambassador Vidya Balan.
Strengthening international relationships
The VGBOs:
> supported the visit to India by the Hon. Gordon Rich-Phillips MLC, Assistant Treasurer, Minister for Technology and Minister for the Aviation Industry who met with senior Indian Government representatives in the IT and education portfolios (March 2014)
> in partnership with the international women’s organisation, WEConnect India, hosted the VWIIB event in Mumbai (March 2014)
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> organised a Victorian investment promotion seminar in Tokyo (March 2014) in partnership with Bank of Tokyo Mitsubishi – UFJ, which attracted 50 guests from the local business community and generated a number of investment leads
> delivered a Public Private Partnership investment promotion in South Korea which led to major South Korean companies investigating potential infrastructure investments in Victoria
> supported the R&D project between RMIT University and Hyundai Motors. The organisations signed on to the third phase of the project for ‘Minimising Wind Noise In-Cabin of Vehicle’.
Contribution to increased export outcomes for Victoria
The VGBO:
> supported 145 Victorian companies participating in Victorian Government trade programs. Participating companies reported anticipated export sales of over $53 million in the 24 months following the trade activity
> organised and participated in 11 trade shows and events
> organised 16 delegates from Korea and Japan to attend the International Food and Beverage Trade Week in Melbourne (March 2014)
> organised the launch and promotion of Australia Table Grapes in Japan and Korea in conjunction with the Australian Table Grapes Association, Austrade and the Victorian Department of Environment and Primary Industries
> delivered a Japan Education Trade Mission in Tokyo and Osaka with 19 Victorian education providers (June 2014)
> assisted RMIT University and Kookmin University to conclude a Student Exchange Agreement in March 2014, which aimed to commence exchanges from 2015
> assisted with a Victoria University and Nagasaki University agreement to establish Student Mobility Programs between the two universities
COMMISSIONER FOR VICTORIA – JAPAN AND SOUTH KOREA
The Commissioner in Tokyo represents Victoria in Japan and South Korea. The Commissioner and the VGBO in Tokyo delivered a range of activities and initiatives in 2013-14.
Significant achievements
> Attracted four new investments bringing over $70 million in capital and generating more than 150 new jobs in Victoria. Investments included Sanoyas Holdings, Ryohin Keikaku (MUJI) and Kagome Foods Australia
> Facilitated two major trade missions to Foodex Japan (March 2014) and Seoul Food and Hotel Korea (May 2014). The 42 Victorian companies that participated reported more than $34 million in anticipated exports in the 24 months following the activity
> Attracted the 34th AKBC-KABC (Australia Korea Business Council-Korea Australia Business Council) Joint Meeting to Melbourne (August 2013) with over 150 participants from both countries.
Key deliverables
Contribution to increased investment outcomes for Victoria
The VGBO:
> facilitated four new investments into Victoria and generated 15 new investment leads
> assisted visits to Melbourne by eight companies including Sanoyas Holdings and Ryohin Keikaku
> coordinated 118 meetings with potential and existing Japanese investors
> delivered an investment promotion event at the Business Link Exhibition in Osaka (February 2014)
> supported visits to Victoria by two major Korean companies seeking joint venture and other opportunities
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> conducted an interview with Korea’s second biggest economic daily newspaper ‘The Korea Economic Daily (Hankyung)’ to promote Victoria’s strong economy and infrastructure investment opportunities
> promoted Victoria’s cleantech and renewable energy capability at Entech 2013 in Busan, South Korea (July 2013).
Strengthening international relationships
The VGBO:
> supported a visit to Japan by the Premier of Victoria the Hon. Dr Denis Napthine MP (October 2013) and coordinated the Premier’s attendance at the 51st Japan-Australia Joint Business Conference
> coordinated the visit to Japan by the Deputy Premier of Victoria the Hon. Peter Ryan MP and Minister for State Development (October 2013). The Deputy Premier met with the Vice Mayor of Osaka City to celebrate the 35th anniversary of the sister city relationship with the City of Melbourne
> assisted the visit to Osaka in March 2013 by the Lord of Mayor of Melbourne and coordinated business matching meetings for the associated business delegation
> coordinated a visit by a delegation from the Aichi Prefectural Assembly to Melbourne to meet with the Governor of Victoria His Excellency the Hon. Alex Chernov AC QC, the Premier, the President of the Legislative Council the Hon. Bruce Atkinson MLC, and the then Speaker of the Legislative Assembly the Hon. Ken Smith MP.
Delivery of a WoVG approach
The VGBO:
> coordinated the visit of a senior DSDBI official to present at the 22nd Clean Coal Day International Conference and set up meetings with Japanese Ministry of Economy, Trade and Industry, coal energy industry body and companies. A dinner was co-hosted with the Federal Government, attended by 20 key Japanese Government, industry and academic stakeholders related to brown coal technology development
> supported two institutions at an Education Agent Workshop 2014 and arranged a networking event with 86 attendees in Seoul, South Korea
> supported Peerless to re-enter the Korean market with its innovative product ‘ABS’.
Promotion of Victoria and its industry capabilities
The VGBO:
> promoted Victoria’s capabilities at the Japan-Australia Society in Kansai seminar (December 2013) and at the Melbourne Business Seminar in Osaka (March 2014)
> coordinated a nanotechnology researchers’ delegation to Tokyo (January 2014) and a presentation at Nanotech Japan 2014 Exhibition (February 2014)
> delivered a Victorian Research Capability promotion with five Victorian researchers from La Trobe University, Deakin University and the Australian Synchrotron
> participated in the Austrade Korea Education Roadshow ‘Australia Future Unlimited Education Exhibition’ in Korea to promote Study Melbourne and assisted the participation of 14 Victorian education and training providers
> delivered an education mission ‘Study Melbourne Fair Japan 2014’ with 19 education and training providers to develop new industry connections in Tokyo and Osaka
> Commissioner gave an interview to Korea’s leading publication ‘Hotel & Restaurant’ to introduce Victoria’s agribusiness and food and beverage capability and opportunities arising from the Korea-Australia Free Trade Agreement
> facilitated a report on Victorian wine exporters attending Seoul Food 2014 by the top wine magazine in Korea ‘Wine Review’
> promoted the AusBiotech Investment Summit in Melbourne (December 2014) and supported Victorian participants at BioKorea 2014 (May 2014)
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The Victorian Industry Participation Policy Act 2003 requires Victorian Government departments and public sector bodies to report on the implementation of the Victorian Industry Participation Policy (VIPP). Departments and public sector bodies are required to apply VIPP in all procurement activities valued at $3 million or more in metropolitan Melbourne and for statewide projects, or $1 million or more for procurement activities in regional Victoria.
During 2013-14, the department commenced one contract which met or exceeded VIPP thresholds. A VIPP plan was not required for this procurement as it was local by nature, with an estimated 100 per cent local content.
The department did not commence or complete any other procurement activities which met or exceeded VIPP thresholds in 2013-14.
There were no projects that were commenced prior to the implementation of VIPP reforms on 1 January 2013 that were completed in 2013-14.
During 2013-14, the Industry Capability Network had 20 conversations with the department’s grant recipients and one conversation regarding design contracts for departmental projects that correspond with the registration and issuing of an Interaction Reference Number.
> assisted a visit to Korea by the Governor of Victoria His Excellency the Hon. Alex Chernov AC QC. Visits were arranged with POSCO, POSTECH, Hyundai Motors, FKI, Ministry of Patriots & Veterans, Supreme Court and Busan City Government in South Korea (October 2013)
> supported the Hamer Scholarships Program to Japan and South Korea to further develop Victoria’s relationships with Japan and Korea-based universities and partner organisations
> supported the participation of a representative from the Victorian Department of Human Services in the K2H (Korea Heart to Heart) Fellowship Program with the Busan City Government.
Cooperation with the Federal Government
The VGBO:
> developed relationships with Japanese pharmaceutical products companies and medical device companies jointly with the Austrade Tokyo to promote Victoria’s capabilities
> participated in the Business Link Exhibition in Osaka in collaboration with Austrade (February 2014)
> worked with the Federal Government Department of Agriculture, Fisheries and Forestry in Seoul on market entry for Australian table grapes and promoted Korea’s revised organic processed food and ingredient regulation to Victorian exporters.
APPENDIX 13 IMPLEMENTATION OF THE VICTORIAN INDUSTRY PARTICIPATION POLICY
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APPENDIX 14 OFFICE-BASED ENVIRONMENTAL IMPACTS
The following information has been prepared in accordance with FRD 24C of the Financial Management Act 1994 which requires information to be reported for sites with 10 or more FTE staff.
Through MOG changes in 2013, a number of office sites are new to the department for this financial year. There are also a number of sites that are no longer being used by the department due to office location changes.
OFFICE-BASED ENVIRONMENTAL IMPACTS SUMMARY TREND TABLE
Total 2013-14
Total 2012-13
% Change from 2012-13
ENERGY USEUnits of energy (gas and electricity) use per unit of office space MJ/M2 170.21 172.85 -2%
WASTE PRODUCTION Units of waste produced per FTE staff kg/FTE 98.1 116.3 -16%
PAPER USEUnits of copy paper used per FTE staff Reams/FTE 17.02 18.77 -10%
WATER CONSUMPTIONUnits of metered water consumed per unit of office space kL/M2 0.42 0.48 -13%
Units of metered water consumed per FTE staff kL/FTE 14.44 15.93 -10%
TRANSPORTATION Greenhouse gas emissions from operational vehicles per 1,000 km travelled
t CO2-e/ 1,000km 0.21 0.17 +23%
Explanatory notes
> The data reported represents the 12 month period from 1 July 2013 to 30 June 2014. This is the first full year that the department has operated under its current structure
> An average FTE during the reporting time period has been used
> Waste data was extrapolated from four samples that are not statistically representative and should be read with caution
> Some adjustments have been made to the previous year to reflect departmental changes and to provide the most comparable data
> Due to MOG changes, the department has significantly increased its fleet size and the mix of vehicles now includes significantly more non-hybrid vehicles. The fleet size increased from 21 vehicles to 124 vehicles.
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ENERGY USE
Total 2013-14 Total 2012-13
Indicator Electricity Natural Gas Electricity Natural Gas
Total energy usage MJ 5,082,919 76,196 5,161,860 81, 824
Total greenhouse gas emissions associated with energy (offsets included) t CO2-e 1,892 4 1,921 5
Units of energy used per FTE staff MJ/FTE 5,942 5,861 5,958 5,421
Units of energy used per unit of office area MJ/M2 170.2 132.2 172.9 151.0
Percentage of FRD 24C sites represented % 75 12 75 25
Percentage of FRD 24C FTE staff % 95 2 95 3
Explanatory notes
> No electricity data was available for the department’s Geelong and Wangaratta sites
> The department’s office in Dandenong is the only departmental office that uses gas for air-conditioning and hot water.
Actions undertaken during the year to reduce energy use
> Purchased Australian-based carbon offsets equivalent to 25 per cent of the 2012-13 emissions associated with the department’s energy use
> Departmental offices in the Melbourne metropolitan area participated in Earth Hour 2014. The department’s Facilities, Environmental Management and Environment Champions worked with Building Managers to ensure that lighting, with the exception of essential security lighting, was turned off
> An automatic after-hours shutdown policy for departmental computers was implemented, to reduce standby power consumption. With the assistance of the department’s volunteer Environment Champions, an information campaign was also implemented to increase the number of staff switching off their computer monitors
> Information on energy efficiency for the home and office was provided to staff through internal communications such as the environmental management electronic newsletter and intranet articles.
2014-15 targets
> Amend procurement policy to ensure that only appliances that have a minimum 3.5 star energy and water rating can be purchased for departmental offices
> Develop and distribute a range of prompting communications materials to remind staff to turn off lights and computer monitors to save energy
> Continue to participate in Earth Hour with the aim of increasing regional office involvement in the event
> Continue to visit regional offices to identify energy saving opportunities.
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WASTE PRODUCTION
Indicator Total 2013-14 Total 2012-13
Total units of waste disposed of by destination kg 71,848 84,330
Units of recycling disposed of by destination kg 53,630 62,819
Units of organic recycling disposed of by destination kg 4,438 6,467
Units of landfill disposed of by destination kg 13,779 15,043
Total units of waste disposed of per FTE staff by destination kg/FTE 98.1 116.3
Units of recycling per FTE staff kg/FTE 73.1 86.8
Units of organic recycling per FTE staff kg/FTE 6.1 8.8
Units of landfill per FTE staff kg/FTE 18.9 20.7
Recycling rate % 81 82
Greenhouse gas emissions associated with waste disposal based on weighted average of all audits t CO2-e 16.5 18.1
Percentage of all sites reported % 12.5 25
Percentage of all FTE staff reported % 85 89
Explanatory notes
> The above data is derived from four waste audits that were conducted by an external auditor over five day periods at 121 Exhibition Street, Melbourne
> Conducting four waste audits at the 121 Exhibition Street office goes beyond the requirements of FRD 24C. However, extracting annual data from these limited sampling events is still not statistically representative and should be read with caution
> There was not a strong correlation between waste consumption and the number of FTE at 121 Exhibition Street at the time of each audit
> The data presented above excludes the items recycled by Green Collect and Cart Collect.
Actions undertaken during the year to reduce waste
> An awareness campaign was implemented to increase awareness and understanding of what waste items can be recycled and which bin they should be placed in
> Waste bin signage was updated across the department, reflecting changes to recycling services and processes
> Site visits were conducted to the department’s regional offices to identify opportunities for improvement in waste management. A key action resulting from the assessments has been to ensure these offices have the facilities to recycle their compost, paper, toners, e-waste and other general recyclable items such as plastics, glass, CDs and batteries
> Unwanted office waste such as CDs, batteries, e-waste and stationery was collected by Green Collect from the department’s 121 Exhibition Street office for upcycling and recycling. Regional staff from the department’s newer offices also began sending their office waste to head office for the Green Collect service
> Old mobile phones were donated to the Melbourne Zoo’s They’re Calling On You Program. Used printer toner cartridges were donated to Cart Collect for recycling
> All departmental staff have paper and landfill bins for their desks to assist in the correct sorting of waste. An awareness campaign was run to reiterate the correct use of the bins
> An awareness campaign was run to raise staff awareness of the waste issues associated with purchasing disposable paper coffee cups.
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2014-15 targets
> Continue to visit the department’s offices to assess and improve waste management performance
> Continue to upcycle and recycle department office materials that can no longer be used
> Donate all business phones to the Melbourne Zoo’s They’re Calling on You Program
> Continue to educate and communicate with staff to reduce the total amount of waste produced by the department, and to improve waste recycling rates.
PAPER USE
Indicator Total 2013-14 Total 2012-13
Total units of paper used Reams 15,007 16,705
Units of paper used per FTE staff Reams/FTE 17.0 18.8
Percentage 75-100% recycled content copy paper purchased % 92.9 90.3
Percentage 50-75% recycled content copy paper purchased % 0.1 0.3
Percentage 0-50% recycled content copy paper purchased % 7.0 9.4
Percentage of FRD24C sites reported % 87.5 100
Percentage of all FTE staff from FRD24C sites reported % 98 100
Explanatory notes
> The department’s procurement policy prescribes that white A4 paper purchased by the department must be Australian made and must have a minimum of 80 per cent recycled content. Exempt from this policy is the purchase of Nallawilli Copy Paper by the department’s Indigenous Economic Development for Small Business Team. This exemption accords with Schedule 2 of the Victorian State Purchasing Contract which supports purchases from indigenous enterprises that are certified as members of Supply Nation
> No paper data was available for the Wangaratta office.
Actions undertaken during the year to reduce waste
> The department implemented standard monthly paper orders in 121 Exhibition Street, reducing the number of people able to order paper and also limiting the choices to 80 per cent recycled content paper for both A4 and A3 sizes
> Internal articles were published which detailed how many reams were used by the department last year and the impact paper use has on the environment
> Site visits were conducted to the department’s regional offices to identify opportunities for improvement in paper management. A key action resulting from the visits has been to ensure these offices have appropriate facilities and processes to recycle their paper and card waste
> Old stationery items and letterhead that could not be reused were donated to Green Collect for recycling. Collection of these items continues.
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Explanatory notes
> Data was not available for all FRD 24C sites and all periods
> A majority of the department’s water usage is not separately metered. Water usage at sites without separate meters is apportioned as per the square metre of building occupancy
> The largest factor influencing water consumption at 121 Exhibition Street, the office with the highest number of departmental staff, is the consistency of operation of the building’s black water treatment plant. When functioning, the recycled water is used to flush the toilets, therefore reducing the amount of potable (drinking) water used.
2014-15 targets
> Continue to raise awareness of the need to maintain departmental site printers for automatic black and white printing and duplex printing
> Continue to monitor the purchasing of white A4 and A3 paper to ensure it is maintained at a minimum of 80 per cent recycled content
> Implement regular paper reduction campaigns, including posters and Environment Champion actions
> Continue to visit departmental offices to assess and improve their paper use performance
> Continue to donate all unwanted stationery and letterhead to Green Collect.
WATER CONSUMPTION
Indicator Total 2013-14 Total 2012-13
Units of metered water consumed per unit of office area kL/M2 11.990 13,820
Units of metered water consumed per FTE staff kL/FTE 0.42 0.48
Total units of metered water consumed kL 14.44 15.93
Percentage of all sites reported % 62.5 62.5
Percentage of all FTE staff reported % 92 92
Actions undertaken during the year to reduce water use
> Explored a water saving initiative with the shared services provider who manages departmental tenancies
> Improved water data gathering processes to enable greater statistical validity and increased data confidence levels.
2014-15 targets
> Amend procurement policy to ensure that only appliances with a minimum 3.5 star energy and water rating can be purchased for departmental offices
> Investigate water saving opportunities at regional and metropolitan departmental sites
> Continue to work with the shared services provider to upgrade leased sites so that the offices are more water efficient.
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the department has significantly increased its fleet size and the mix of vehicles now includes significantly more non-hybrid vehicles. The fleet size increased from 21 vehicles to 124 vehicles
TRANSPORTATION
Departmental operational fleet
Indicator Total 2013-14 Total 2012-13
4 Cylinder (Inc Hybrid)
6 Cylinder (Lpg And
ULP) 4 Cylinder 6 Cylinder
Total energy consumption by vehicles (MJ) 1,370,877 371,107 291,446 34,375
Total vehicle travel associated with entity operations (km) 3,834,386 1,243,209 743,180 120,443
Total greenhouse gas emissions from vehicle fleet (t CO2-e) 260 82 54 8
Greenhouse gas emissions from vehicle fleet per 1,000 km travelled (t CO2-e/1,000 km) 0.20 0.24 0.18 0.23
Departmental use of State Government vehicle pool
Indicator Total 2013-14 Total 2012-13
Total energy consumption by vehicles (MJ) 372,216 247,556
Total vehicle travel associated with entity operations (km) 857,009 525,186
Total greenhouse gas emissions from vehicle fleet (t CO2-e) 57 36
Greenhouse gas emissions from vehicle fleet per 1,000 km travelled (t CO2-e/1,000 km)
0.17 0.14
Air travel
Indicator Total 2013-14 Total 2012-13
Total distance travelled by aeroplane (km) 3,525,011 2,681,100
Staff transport
Indicator Total 2013-14 Total 2012-13
Overall % of staff using sustainable
transport
% breakdown of staff using sustainable transport by
work locationOverall % of staff using
sustainable transport
Percentage of staff regularly (more than 75 per cent of work attendance days) using public transport, cycling or walking, or carpooling to and from work or working from home by locality type
81 Metro
CBD
Regional
Overseas offices/Interstate
35.1
91.4
34.5
66.7
88
Explanatory notes
> The basis of the travel survey measurements has changed from source location to work location and only the aggregate is comparable
> Staff use of departmental fleet vehicles and State Government pool vehicles has been separated as a different methodology has been used to calculate the environmental impact of each vehicle pool Due to MOG changes,
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> The department purchased 1004 tonnes of carbon offsets equivalent. This included 530 tonnes of carbon offsets for its 2012-13 international air travel emissions as well as 474 tonnes of carbon offsets, which is equivalent to approximately 25 per cent of its 2013-14 energy emissions. This approximate includes current known emissions and estimated emissions based on all departmental offices.
2014-15 targets
> Continue to promote the use of sustainable transport modes, and the use of active transport through events such as Ride to Work Day
> Purchase 610 tonnes of carbon offsets, equivalent to the department’s 2013-14 international air travel emissions
> Improve staff use of video conferencing facilities to reduce travel between offices.
Actions undertaken during the year to reduce environmental impact of procurement
> The department maintained a 38 per cent level of environmentally-friendly or recycled content stationery purchasing throughout 2013-14.
2014-15 targets
> Provide additional guidance to staff on sustainability considerations when procuring goods and services
> Further increase recycled content stationery purchases to 43 per cent.
> The amount of international flights taken by departmental staff increased last year. This is due to the 16 trade missions conducted during 2013-14. The trade missions are central to the Government’s increased focus on growing the state’s exports and the state’s long-term international engagement activities. The department’s Trade Mission Program aims to connect Victorian businesses with opportunities in global markets through a sustained, large scale and targeted trade and investment program
> Staff travel only considers survey data between Monday to Friday, when the vast majority of staff are working.
Action taken during the year to reduce emissions related to travel
> Purchased 530 tonnes of carbon offsets equivalent to the greenhouse gases produced from the department’s 2012-13 international air travel
> Promoted active transport with the department’s Bicycle User Group and Corporate Health and Safety Group. This included a Ride to Work Day breakfast event.
GREENHOUSE GAS EMISSIONS
Indicator Total 2013-14 Total 2012-13
Total greenhouse gas emissions associated with energy use t CO2-e 1,894 1,926
Carbon offsets purchased for energy emissions Tonnes 474 290
Total greenhouse gas emissions associated with vehicle fleet t CO2-e 333 98
Total greenhouse gas emissions associated with air travel t CO2-e 874 653
Greenhouse gas emissions associated with international air travel t CO2-e 610 530
Total greenhouse gas emissions associated with waste disposal t CO2-e 16 18
Total greenhouse gas emissions associated with departmental operations t CO2-e 3,117 2,695
Greenhouse gas emissions offsets purchased t CO2-e 1,004 569
Explanatory notes
> Due to MOG changes, the department has significantly increased its fleet size from 21 vehicles to 124 vehicles
> The amount of international flights taken by departmental staff increased last year. This is due to the 16 trade missions conducted during 2013-14
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APPENDIX 15 LEGISLATION ADMINISTERED BY THE DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION
AVIATION INDUSTRY
Aerodrome Landing Fees Act 2003
Australian Airlines (Intrastate Services) Act 1990
Civil Aviation (Carriers’ Liability) Act 1961
Wrongs Act 1958 (Part VI) – this part is jointly administered with the Attorney-General. The Act is otherwise administered by the Attorney-General.
Planning and Environment Act 1987:
> Part 3C, except in so far as it relates to the land along the Ninety Mile Beach that is shown either as ‘Areas within the Settlement Boundaries’ or ‘Areas outside the Settlement Boundaries’ on the plans forming part of the document entitled ‘Ninety Mile Beach Development and Subdivision Controls: The Honeysuckles to Paradise Beach’ and dated August 2007 (revised June 2009) that was incorporated into the Wellington Planning Scheme by Amendment C48 to the Wellington Planning Scheme, and revised by Amendment C61 to the Wellington Planning Scheme, whether or not that document remains incorporated into the Wellington Planning Scheme (except in so far as it relates to that land, this Part is jointly administered with the Minister for Planning)
> Part 3C in so far as it relates to the land along the Ninety Mile Beach that is shown either as ‘Areas within the Settlement Boundaries’ or ‘Areas outside the Settlement Boundaries’ on the plans forming part of the document entitled ‘Ninety Mile Beach Development and Subdivision Controls: The Honeysuckles to Paradise Beach’ and dated August 2007 (revised June 2009) that was incorporated into the Wellington Planning Scheme by Amendment C48 to the Wellington Planning Scheme, and revised by Amendment C61 to the Wellington Planning Scheme, whether or not that document remains incorporated into the Wellington Planning Scheme (in so far as it relates to that land, this Part is jointly administered with the Attorney-General)
> The Act is otherwise administered by the Attorney-General, the Minister for Planning and the Treasurer.
EMPLOYMENT AND TRADE
Child Employment Act 2003
ENERGY AND RESOURCES
Electricity Industry Act 2000
Electricity Safety Act 1998
Energy Safe Victoria Act 2005
Extractive Industries (Lysterfield) Act 1986
Fuel Emergency Act 1977
Gas Industry Act 2001
Gas Safety Act 1997
Geothermal Energy Resources Act 2005
Greenhouse Gas Geological Sequestration Act 2008
Mineral Resources (Sustainable Development) Act 1990
Mines (Aluminium Agreement) Act 1961
National Electricity (Victoria) Act 2005
National Gas (Victoria) Act 2008
Nuclear Activities (Prohibitions) Act 1983
Offshore Petroleum and Greenhouse Gas Storage Act 2010
Petroleum Act 1998
Pipelines Act 2005
State Electricity Commission Act 1958 – section 107 (the Act is otherwise administered by the Treasurer)
Underseas Mineral Resources Act 1963
Victorian Energy Efficiency Target Act 2007
Victorian Renewable Energy Act 2006
Mineral Resources (Sustainable Development) Act 1990
Mines (Aluminium Agreement) Act 1961
National Electricity (Victoria) Act 2005
National Gas (Victoria) Act 2008
Nuclear Activities (Prohibitions) Act 1983
Offshore Petroleum and Greenhouse Gas Storage Act 2010
Petroleum Act 1998
Pipelines Act 2005
State Electricity Commission Act 1958 – section 107 (the Act is otherwise administered by the Treasurer)
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Underseas Mineral Resources Act 1963
Victorian Energy Efficiency Target Act 2007
Victorian Renewable Energy Act 2006
INNOVATION
Agent-General and Commissioners for Victoria Act 2007 – Except sections 4, 5, 6, 7 and 8, which are administered solely by the Premier. Section 13 is administered jointly and severally with the Premier.
Film Act 2001 – Part 2. Parts 1, 4 and 5 are jointly administered with the Minister for the Arts. The Act is otherwise administered by the Minister for the Arts.
MAJOR PROJECTS
Crown Land (Reserves) Act 1978 – as it applies to Crown allotments 2219; 2220; 2221; and 2222 on OP122930 and Crown allotments 2026; 2031; 2162; and 2223 on OP122933, County of Bourke, Parish of Melbourne South, City of South Melbourne. The Act is otherwise administered by the Assistant Treasurer, the Minister for Corrections, the Minister for Environment and Climate Change, the Minister for Health, the Minister for Ports, and the Minister for Sport and Recreation.
Melbourne Market Authority Act 1977
Project Development and Construction Management Act 1994 – Part 5A (except to the extent that it relates to the exercise of powers and functions under Part 9A of the Planning and Environment Act 1987) and Part 8. The Act is otherwise administered by the Minister for Finance, the Minister for Planning and the Premier.
MANUFACTURING
Victorian Industry Participation Policy Act 2003 (administered jointly with the Minister for State Development)
REGIONAL AND RURAL DEVELOPMENT
Regional Development Victoria Act 2002
Regional Growth Fund Act 2011
REGIONAL CITIES
Albury-Wodonga Agreement (Repeal) Act 2003
SMALL BUSINESS
ANZAC Day Act 1958 – Except sections 3 and 4A, which are administered by the Minister for Veterans Affairs. Section 4 is administered solely by the Minister for Sport and Recreation.
Public Holidays Act 1993
Retail Leases Act 2003
Shop Trading Reform Act 1996
Small Business Commissioner Act 2003
Summer Time Act 1972
STATE DEVELOPMENT
Victorian Industry Participation Policy Act 2003 (administered jointly with the Minister for Manufacturing)
TECHNOLOGY
Howard Florey Institute of Experimental Physiology and Medicine (Repeal) Act 2007
Medical Research Institutes (Repeal) Act 2008
TOURISM AND MAJOR EVENTS
Australian Grands Prix Act 1994
Emerald Tourist Railway Act 1977
Melbourne Convention and Exhibition Trust Act 1996
Tourism Victoria Act 1992
NEW LEGISLATION IN 2013-14
Acts
Electricity Safety Amendment (Bushfire Mitigation) Act 2014
Energy Legislation Amendment (Customer Metering Protections and Other Matters) Act 2014
Energy Legislation Amendment (General) Act 2014
Mineral Resources (Sustainable Development) Amendment Act 2014
Small Business Commissioner Amendment Act 2014
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Legislative Instruments
Child Employment Regulations 2014
Mineral Resources (Sustainable Development) (Mineral Industries) Regulations 2013
National Gas (Victoria) (Declared System Provisions) Regulations 2014
Victorian Energy Efficiency Target Act – 2014 Greenhouse Gas Reduction Rate Order
APPENDIX 16 FREEDOM OF INFORMATION
The Freedom of Information Act 1982 allows the public a right of access to documents held by the department. For the 12 months ending 30 June 2014, the department received 66 applications. Of these requests, 36 were received from Members of Parliament and the remainder were received from members of the general public and media.
Of the total requests received by the department, six decisions were reviewed by the Victorian Civil and Administrative Tribunal and there were two reviews by the Office of the Victorian Freedom of Information Commissioner. The Commissioner also received one complaint.
MAKING A REQUEST
Requests for documents in the possession of the department should be addressed to:
Manager, Freedom of Information and Privacy Department of State Development, Business and Innovation Level 9, 121 Exhibition Street Melbourne VIC 3000
The requirements for making a request are:
> it should be in writing
> it should identify as clearly as possible the documents being requested
> it should be accompanied by the appropriate application fee (the fee may be waived in certain circumstances).
Applications can also be lodged online at foi.vic.gov.au
Access charges may also apply under some conditions.
Further information regarding freedom of information can be found at foi.vic.gov.au
APPENDIX 17 COMPLIANCE AND ATTESTATIONS
COMPLIANCE WITH THE BUILDING ACT 1993
All Victorian Government departments and funded agencies are required to comply with the requirements of the Building Act 1993, the Building Code of Australia and statutory obligations set by Government.
The Building Act 1993 applies to construction, demolition, removal and refurbishment of capital projects, and the Building Code of Australia relates to standards set for building regulations.
COMPLIANCE WITH DATAVIC ACCESS POLICY
Consistent with the DataVic Access Policy issued by the Victorian Government in 2012, the tabular information included in this Annual Report will be available at data.vic.gov.au in machine readable format.
COMPLIANCE WITH THE DISABILITY ACT 2006
The Disability Act 2006 requires that all public sector bodies prepare a disability action plan and that departments report on the implementation of their plan in their annual report (s.38).
The department’s Disability Action Plan 2012-2015 outlines the actions that the department will take to address potential barriers for people with disabilities and includes four key principles that the department:
> is accessible to all customers, stakeholders and staff with a disability
> recognises the significant value of employing and retaining people with a disability
> recognises, includes and promotes the participation of people with a disability in the department’s programs and in the community
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those who come forward to disclose such conduct. It is committed to ensuring transparency and accountability in its administrative and management practices and supports the making of disclosures that reveal corrupt conduct, conduct involving a substantial mismanagement of public resources, or conduct involving a substantial risk to public health and safety or the environment.
The department will take all reasonable steps to protect people who make such disclosures from any detrimental action in reprisal for making the disclosure. It will also afford natural justice to the person who is the subject of the disclosure to the extent it is legally possible.
Reporting procedures
Disclosures of improper conduct or detrimental action by the department or any of its employees and/or officers may be made to any of the following department personnel:
> the Protected Disclosure Coordinator
> the Secretary of the department
> a manager or supervisor of a person from the department who chooses to make a disclosure
> a manager or supervisor of a person from the department about whom a disclosure has been made.
Alternatively, disclosures of improper conduct or detrimental action by the department or any of its employees and/or officers may also be made directly to the Independent Broad-based Anti-corruption Commission (IBAC):
Level 1, North Tower, 459 Collins Street Melbourne VIC 3000 Phone: 1300 735 135 Website: ibac.vic.gov.au Email: refer to the website above for the secure email disclosure process, which also provides for anonymous disclosures
Further information
The Protected Disclosure Policy and Procedures, which outline the system for reporting disclosures of improper conduct or detrimental action by the department or any of its employees and/or officers, are available on the department’s website dsdbi.vic.gov.au
> has a shared accountability for reducing issues and barriers to people with a disability.
A highlight in 2013-14 was the celebration of International Day of People with Disability. The department assisted in organising a VPS-wide event featuring television personality and comedian, Tim Ferguson. Tim was joined by a panel of high-profile speakers for a question and answer session following his speech.
COMPLIANCE WITH NATIONAL COMPETITION POLICY
Under the National Competition Policy, the guiding legislative principle is that legislation, including future legislative proposals, should not restrict competition unless it can be demonstrated that:
> the benefits of the restriction to the community as a whole outweigh the costs
> the objectives of the legislation can only be achieved by restricting competition.
The department continues to comply with the requirements of the National Competition Policy.
Competitive neutrality requires government businesses to ensure where services compete, or potentially compete with the private sector, any advantage arising solely from their government ownership be removed if they are not in the public interest. Government businesses are required to cost and price these services as if they were privately owned and thus be fully cost reflective. Competitive Neutrality Policy provides government businesses with a tool to enhance decisions on resource allocation. This policy does not override other policy objectives of government and focuses on efficiency in the provision of service.
COMPLIANCE WITH THE PROTECTED DISCLOSURE ACT 2012 (FORMERLY THE WHISTLEBLOWERS PROTECTION ACT 2001)
The Protected Disclosure Act 2012 encourages and assists people in making disclosures of improper conduct by public officers and public bodies. The Act provides protection to people who make disclosures in accordance with the Act and establishes a system for the matters disclosed to be investigated and rectifying action to be taken.
The department does not tolerate improper conduct by employees, nor the taking of reprisals against
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ATTESTATION FOR COMPLIANCE WITH THE AUSTRALIAN/NEW ZEALAND RISK MANAGEMENT STANDARD
I, Howard Ronaldson, Secretary, certify that the Department of State Development, Business and Innovation has risk management processes in place consistent with the Australian/New Zealand Risk Management Standard (AS/NZS ISO 31000:2009 or its successor) and an internal control system is in place that enables the executive to understand, manage and satisfactorily control risk exposures. The Risk and Audit Committee verifies this assurance and that the risk profile of the Department of State Development, Business and Innovation has been critically reviewed within the last 12 months.
Howard Ronaldson Secretary Department of State Development, Business and Innovation
4 September 2014
Disclosures under the Protected Disclosure Act 2012
Total 2013-14 Total 2012-13
The number of disclosures made by an individual to the department and notified to IBAC
Assessable disclosures 1 0
DECLARATION OF MAJOR CONTRACTS
In accordance with the requirements of government policy and accompanying guidelines, the department is required to disclose all contracts greater than $10 million in value that it entered into during the year ended 30 June 2014. Details of contracts that have been disclosed can be viewed at contracts.vic.gov.au
There are no departmental contracts greater than $10 million in value for the reporting period.
DECLARATION OF PECUNIARY INTEREST
In accordance with the general guidelines for declaration of pecuniary interest, relevant officers have completed a declaration for the financial year.
Shares held by Senior Officers in a statutory authority or subsidiary:
> no officer holds shares as a nominee or beneficiary in a statutory authority or subsidiary.
ATTESTATION FOR COMPLIANCE WITH THE MINISTERIAL DIRECTION 4.5.5.1 – INSURANCE
I, Howard Ronaldson, Secretary, certify that the Department of State Development, Business and Innovation has complied with Ministerial Direction 4.5.5.1 – Insurance.
Howard Ronaldson Secretary Department of State Development, Business and Innovation
4 September 2014
206 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
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j. A general statement on industrial relations within the department and details of time lost through industrial accidents and disputes
k. A list of major committees sponsored by the department, the purposes of each committee and the extent to which the purposes have been achieved
l. Details of departmental professional works and services procured (including consultancies and contractors)
m. Details of government advertising expenditure by the department (campaigns with a media spend of $150,000 or greater)
n. A summary of Victorian Feed-in Tariff Scheme reporting.
The information is available upon request from:
Director, Strategic Communication and Marketing Branch Corporate, Planning and Compliance Services Department of State Development, Business and Innovation Level 32, 121 Exhibition Street Melbourne VIC 3000 Phone: 03 9651 9252 Email: [email protected]
In compliance with the requirements of the Standing Directions of the Minister for Finance, details in respect to the items listed below have been retained by the department, and are available to the relevant Ministers, Members of Parliament and the public on request (subject to the provisions of the Freedom of Information Act 1982, if applicable):
a. A statement that declarations of pecuniary interests have been duly completed by relevant officers of the department
b. Details of shares held by senior officers as nominee or held beneficially in a statutory authority or subsidiary
c. Details of publications produced by the department about the department and how these can be obtained
d. Details of changes in prices, fees, charges, rates and levies charged by the department
e. Details of any major external reviews carried out on the department
f. Details of major research and development activities undertaken by the department
g. Details of overseas visits undertaken by the department including a summary of the objectives and outcomes of each visit
h. Details of major promotional, public relations and marketing activities undertaken by the department to develop community awareness of the department and its services
i. Details of assessments and measures undertaken by the department to improve the occupational health and safety of employees
APPENDIX 18 SUMMARY OF ADDITIONAL DEPARTMENTAL INFORMATION AVAILABLE UPON REQUEST
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Ballarat111 Armstrong Street North Ballarat VIC 3350 Tel: (+61 3) 5327 2800 Fax: (+61 3) 5327 2830 Email: [email protected]
BendigoLevel 1 56-60 King Street Bendigo VIC 3550 Tel: (+61 3) 4433 8000 Fax: (+61 3) 4433 8099 Email: [email protected]
GeelongLevel 2, Harrison Place 237 Ryrie Street Geelong VIC 3220 Tel: (+61 3) 5215 6000 Fax: (+61 3) 5215 6099 Email: [email protected]
Heywood – by appointment onlyWinda Mara Aboriginal Corporation 21 Scott Street Heywood VIC 3304 Tel: (+61 3) 5527 2008 Email: [email protected]
Horsham Wimmera Business Centre62 Darlot Street Horsham VIC 3400 Tel: (+61 3) 5381 2762 Fax: (+61 3) 5381 2514 Email: [email protected]
Leongatha – by appointment onlyCnr. Young and Bair Street Leongatha VIC 3953 Tel: (+61 3) 5172 2533 Email: [email protected]
Mildura131 Langtree Avenue Mildura VIC 3500 Tel: (+61 3) 5051 2000 Fax: (+61 3) 5051 2020 Email: [email protected]
METROPOLITAN VGBOs
CBD – Inner Melbourne RegionLevel 11, 121 Exhibition Street Melbourne VIC 3000 Tel: (+61 3) 9651 9239 Fax: (+61 3) 9651 9505 Website: dsdbi.vic.gov.au Email: [email protected]
Bundoora – Northern Metropolitan RegionUniversity Hill Suite 16, Level 1 20 Enterprise Drive Bundoora VIC 3083 Tel: (+61 3) 9935 0600 Fax: (+61 3) 9466 7367 Email: [email protected]
Ringwood – Eastern Metropolitan RegionSuite 11, Level 1 12 Maroondah Highway Ringwood VIC 3134 Tel: (+61 3) 9938 0150 Fax: (+61 3) 9879 3180 Email: [email protected]
Dandenong – Southern Metropolitan RegionLevel 6, 165-169 Thomas Street Dandenong VIC 3175 Tel: (+61 3) 9938 0100 Fax: (+61 3) 9794 5644 Email: [email protected]
Tottenham – Western Metropolitan RegionLevel 1, 67 Ashley Street Tottenham VIC 3012 Tel: (+61 3) 9334 1300 Fax: (+61 3) 9334 1301 Email: [email protected]
REGIONAL VGBOs
Bairnsdale - by appointment only574 Main Street Bairnsdale VIC 3875 Tel: (+61 3) 5152 0600 Email: [email protected]
APPENDIX 19 CONTACT DETAILS
208 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
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WangarattaWangaratta Government Centre 1st Floor, 62 Ovens Street Wangaratta VIC 3677 Tel: (+61 3) 5722 7101 Fax: (+61 3) 5722 7109 Email: [email protected]
WarrnamboolOld Police Station South West TAFE Gilles Street Warrnambool VIC 3280 Tel: (+61 3) 5561 4135 Fax: (+61 3) 5561 3851 Email: [email protected]
Wodonga111-113 Hume Street Wodonga VIC 3689 Tel: (+61 2) 6059 0200 Fax: (+61 2) 6059 0250 Email: [email protected]
INTERNATIONAL VGBOs
invest.vic.gov.au
San FranciscoUSA 575 Market Street Suite 375 San Francisco CA 94105 United States of America Tel: (+1 415) 856 0552 Fax: (+1 415) 856 0517 Email: [email protected]
ChicagoUSA 161 N Clarke Street Ste 4700 Chicago IL 60601-3201 United States of America Tel: (+1 312) 523 2116 Fax: (+1 312) 523 2001 Email: [email protected]
Robinvale – by appointment only50 Herbert Street Robinvale VIC 3549 Tel: (+61 3) 5026 3798 Email: [email protected]
Sale – by appointment only66 Foster Street Sale VIC 3850 Tel: (+61 3) 5142 0200 Fax: (+61 3) 5142 0201 Email: [email protected]
Seymour – by appointment onlyLevel 2, 8-10 Elizabeth Street Seymour Vic 3660 Tel: (03) 5799 0573 Email: [email protected]
Shepparton79a Wyndham Street Shepparton VIC 3632 Tel: (+61 3) 5895 4100 Fax: (+61 3) 5822 2554 Email: [email protected]
Swan HillC/O - Department of Environment and Primary Industries 324 Campbell Street Swan Hill VIC 3585 Tel: (+61 3) 5036 4823 Fax: (+61 3) 5032 9682 Email: [email protected]
Traralgon33 Breed Street Traralgon VIC 3844 Tel: (+61 3) 5116 7300 Fax: (+61 3) 5175 0324 Email: [email protected]
Traralgon – Planning and Development71 Hotham Street Traralgon VIC 3844 Tel: (+61 3) 5172 2533 Email: [email protected]
DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 209
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Nanjing People’s Republic of China Room 1164, World Trade Centre Jinling Hotel 2 Hanzhong Road, Nanjing 210005 China Tel: (+86 25) 8470 1231 Fax: (+86 25) 8470 9821 Email: [email protected]
Hong Kong People’s Republic of China 2108 Harbour Centre 25 Harbour Road, Wanchai Hong Kong Tel: (+852) 2587 1133 Fax: (+852) 2802 9675 Email: [email protected]
TokyoJapan Level 13, Fukoku Seimei Building 2-2-2 Uchisaiwai-cho, Chiyoda-ku Tokyo 100-0011 Japan Tel: (+81 3) 3519 3371 Fax: (+81 3) 3519 3375 Email: [email protected]
Kuala LumpurMalaysia Suite 23.1, Level 23 Menara IMC 8 Jalan Sultan Ismail 50250 Kuala Lumpur Malaysia Tel: (+60 3) 2055 1502 Fax: (+60 3) 2055 1489 Email: [email protected]
JakartaIndonesia World Trade Centre Metropolitan Complex 1, Level 8 Jl. Jend. Sudirman kav 29-31 Jakarta, 12920 Indonesia Tel: (+62 21) 521 1228 Fax: (+62 21) 521 1229 Email: [email protected]
New YorkUSA 330 Madison Avenue FL6 New York NY 10017-5041 United States of America Tel: (+1 212) 573 0955 Fax: (+1 212) 573 0957 Email: [email protected]
WashingtonUSA 2011 Crystal Drive Ste 400 ive Arlington VA 22202-3709 United States of America Tel: (+1 703) 682 6830
ShanghaiPeople’s Republic of China Suite 620, Shanghai Center 1376 Nanjing Road West Shanghai 200040 China Tel: (+86 21) 6279 8681 Fax: (+86 21) 6279 8685 Email: [email protected]
Beijing People’s Republic of China Unit 2, Level 2, Office Tower C2 The Towers, Oriental Plaza No. 1 East Chang An Avenue Dong Cheng District, Beijing 100738 China Tel: (+86 10) 8515 3166 Fax: (+86 10) 8518 2080 Email: [email protected]
Chengdu People’s Republic of China Room 1738, Level 17, Raffles City Tower 2, No. 3 Section 4, South Renmin Road, Wuhou District, Chengdu 610041 China Tel: (+86 28) 6511 8108 Fax: (+86 28) 6511 8107
210 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14
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BangaloreIndia Level 1, Pride Elite Building 10 Museum Road Bangalore 560 001 India Tel: (+91 80) 4122 7560 Fax: (+91 80) 4122 7569 Email: [email protected]
MumbaiIndia Level 8, 227 Backbay Reclamation Nariman Bhavan, Nariman Point Mumbai 400021 India Tel: (+91 22) 6142 4300 Email: [email protected]
LondonUnited Kingdom Victoria House, Melbourne Place, Strand London WC2B 4LG United Kingdom Tel: (+44 20) 7836 2656 Fax: (+44 20) 7240 6025 Email: [email protected]
FrankfurtGermany Mainzer Landstrasse 49 D-60329 Frankfurt Germany Tel: (+49 69) 308 55070 Fax: (+49 69) 308 55100 Email: [email protected]
DubaiUnited Arab Emirates and North Africa Office 111, First Floor Emarat Atrium Sheikh Zayed Road PO Box 58004, Dubai United Arab Emirates Tel: (+97 14) 321 2600 Fax: (+97 14) 321 2700 Email: [email protected]
APPENDIX 20 DEPARTMENTAL ACRONYMS
ALDP Advanced Lignite Demonstration Program
AMI Advanced Metering Infrastructure
BVO Business Victoria Online
CBD Central Business District
CEO Chief Executive Officer
DSDBI Department of State Development, Business and Innovation
DTF Department of Treasury and Finance
EO Executive Officer
ETIS Energy Technology Innovation Strategy
FRD Financial Reporting Direction
FTE Full-time Equivalent
GRIIF Geelong Regional Innovation and Investment Fund
ICT Information and Communication Technology
IES International Education Strategy for Victoria 2013-2018
ISP Investment Support Program
IVP Innovation Voucher Program
LEET Low Emission Energy Technologies
LVIER Latrobe Valley Industry and Employment Roadmap
MNIIF Melbourne North Innovation and Investment Fund
MDV Minerals Development Victoria
MOG Machinery of Government
MOU Memorandum of Understanding
MPN Manufacturing Productivity Networks
MPV Major Projects Victoria
OH&S Occupational Health and Safety
OSD Office of State Development
PBSP Powerline Bushfire Safety Program
RCT Remote Control Tourist
RDV Regional Development Victoria
RGF Regional Growth Fund
R&D Research and Development
SME Small and Medium Enterprises
SMM Senior Management Meeting
STM Super Trade Mission
UAE United Arab Emirates
UK United Kingdom
USA United States of America
VEMTC Victorian Emergency Management Training Centre
VGBO Victorian Government Business Office
VIPP Victorian Industry Participation Policy
VIEA Victorian International Education Awards
VPS Victorian Public Sector
VWIIB Victorian Women in International Business
WoVG Whole-of-Victorian Government
YES Youth Employment Scheme
DSDBI ANNUAL REPORT 2013-14
This 2013-14 Annual Report covers the Department of State Development, Business and Innovation, an individual entity.
Published by the Department of State Development, Business and Innovation. October 2014. Also published on dsdbi.vic.gov.au
Content coordination, design and production
Strategic Communication and Marketing Branch Department of State Development, Business and Innovation
Print managed by Finsbury Green. This document is printed on Envi Recycled which will help reduce global greenhouse gas emissions by more than 363 kgs CO2-e. This locally-made product is certified carbon neutral under the Australian Government’s National Carbon Offset Standard.
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Photography
Images courtesy of Energy and Earth Resources, Brand Victoria, Major Projects Victoria and Shutterstock Images
If you would like to receive this publication in an alternative format, please email [email protected]
This document is also available in an accessible format on the internet at dsdbi.vic.gov.au
© Copyright State of Victoria 2014. This publication is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968.
Authorised by the Victorian Government, Department of State Development, Business and Innovation 121 Exhibition Street, Melbourne VIC 3000 Postal Address: PO Box 4509, Melbourne VIC 3001
Tel: 1300 366 356
ISSN 2202-6924 (Print) ISSN 2202-7440 (Online)
DSDBI 6823
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