Cost Recovery Implementation Statement - Australian Government Page 5
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75.
STAKEHOLDER ENGAGEMENT
Guide:
Entities should engage actively with stakeholders throughout all stages of the cost recovery
process, from policy development through to implementation and review. Provide a summary of
the recent engagement with stakeholders on regulatory charging. Stakeholders should be provided
with an opportunity to check the summary of their views before its inclusion in the CRIS (see paras
30-32 and 120-122 of the CRGs).
When did the most recent engagement with stakeholders take place? Who was engaged?
What was the subject of the stakeholder engagement?
What views did stakeholders express?
How were these views addressed?
What opportunities will be provided to stakeholders for future engagement?
6.
FINANCIAL ESTIMATES
Guide:
Columns A to E in the table below should be compiled at the start of each budget year, and
columns B to E should be updated throughout the year (e.g. at Additional Estimates or
Supplementary Budget Estimates, as applicable). Column A should remain unchanged to provide a
comparison between the original estimates and results for the budget year.
Estimates should be provided at least at the activity level. However, depending on the complexity,
materiality and sensitivity of the regulatory charging activity, estimates at the output level should
also be included. Where the activity has a sizable (positive or negative) cumulative balance or
material variations across years, an explanation and balance management strategy should be
included.
What are the financial estimates for the activity for the budget and three forward years?
A
B
C
D
E
[Insert
[Insert
[Forward
[Forward
[Forward
budget
budget
year 1]
year 2]
year 3]
year]
year]
Update
Update
Update
Do not
Update
during
during
during
change
during
budget year
budget year
budget
during
budget year
year
budget year
$
$
$
$
$
Expenses = X
$
$
$
$
$
Revenue = Y
$
$
$
$
$
Balance = Y – X
$
$
$
$
$
Cumulative balance
a
Explain material
variance
Explain balance
management
strategy
a
As defined by AASB1031 and Division 12 – Materiality and Disclosure of the Finance Minister’s
Orders.
Page 5 of 7
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