Operating Expenses

In reply to Mr VAN HOLST PELLEKAAN (Stuart) (22 July 2014). (Estimates Committee A)

The Hon. M.L.J. HAMILTON-SMITH (Waite—Minister for Investment and Trade, Minister for Defence Industries, Minister for Veterans' Affairs): I have been advised:

Table 2.8 on page 31 of Budget Paper 3: Budget Statement presents operating expenses for select agencies (including Defence SA) on a Government Financial Statistics basis, whereas 2014-15 Agency Statements are presented on a basis consistent with Australian Accounting Standards.

Pursuant to the GFS reporting framework, the $35 million estimated result for Defence SA expenses in 2013-14 includes an estimated cash surplus of $14 million, to be returned to the Consolidated Account.