South Australian Certificate of Education

In reply to Dr CLOSE (Port Adelaide—Deputy Leader of the Opposition) (25 July 2019). (Estimates Committee B)

The Hon. J.A.W. GARDNER (Morialta—Minister for Education): I am advised of the following:

The SACE Board's financial statements and notes to the financial statements provide information on the assets and equity of the agency and are available in the agency's annual report.

The SACE Board produces its annual report and financial statements on a calendar year basis under the SACE Board of South Australia Act 1983, and as a result an updated value of the reserves will not be available until after the end of the current calendar year. The SACE Board has not accessed its reserves since the 2018 annual report was released.

It is not possible to determine whether any revenues from the SACE International Program form part of the reserves of the agency as this revenue is an integral part of the budget and is used in the agency's operations.