Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source

The Treasurer has provided the following answer to the honourable senator's question:

(1) Given the very broad nature of the question attempting to answer this question would cause unreasonable diversion of resources.

(2) Given the very broad nature of the question attempting to answer this question would cause unreasonable diversion of resources.

(3) Annual Regulatory Plans are managed within the Finance and Deregulation, please refer to the response provided by the Minister for Finance and Deregulation to question 2469.

(4) Annual Regulatory Plans are managed within the Finance and Deregulation, please refer to the response provided by the Minister for Finance and Deregulation to question 2469.

(5) Annual Regulatory Plans are managed within the Finance and Deregulation, please refer to the response provided by the Minister for Finance and Deregulation to question 2469.

(6) The following link details the current guidance on cost recovery:

http://www.finance.gov.au/financial-framework/financial-management-policy-guidance/cost-recovery.html

In relation to annual reporting, in accordance with Finance Circular 2005/09 all agencies with significant cost recovery arrangements need to prepare Cost Recovery Impact Statements (CRIS) when:

Only when a CRIS is prepared are agencies required to report annually. Under this circumstance, agencies need to separately identify all cost recovery revenues in notes to financial statements – to be published in portfolio budget statements and annual reports consistent with the Finance Minister's Orders.