Cost Recovery Implementation Statement - Australian Government (Page 6 of 7) in pdf

7A.

FINANCIAL PERFORMANCE

Guide:

Provide information on the financial results for the activity. Depending on the materiality,

complexity and sensitivity of the regulatory charging activity, information at the output level

should also be included. Update the table after the relevant reporting period. If the financial results

are revised at a later stage, the table should be revised accordingly.

Any material variation between actual annual expenses and revenue for the activity should be

explained, including its impact on the balance management strategy. This information should be

retained in the CRIS for up to five years, after which time it can be archived but remain accessible

for review purposes.

 How did the activity perform in previous financial years?

[Insert

historical

year 1]

year 2]

year 3]

year 4]

year 5]

Expenses = X

Revenue = Y

Balance = Y – X

Cumulative balance

Explain material

variance

Explain impact on

balance management

strategy

As defined by AASB1031 and Division 12 – Materiality and Disclosure of the Finance Minister’s

Orders.

7B.

NON-FINANCIAL PERFORMANCE

Guide:

Provide information on the non-financial performance of the regulatory charging activity after the

relevant reporting period. This information should enable entities and stakeholders to evaluate

whether outputs have been produced and outcomes have been achieved. Information could be

collected from a range of sources (e.g. outcome, output and input measures). The number of

performance measures and other types of relevant information is influenced by the complexity,

materiality and sensitivity of the activity (see paras 123-128 of the CRGs).

Performance measures should be up to date and replaced when more useful measures are

developed. Where the need for specific management actions is identified, describe them.

Performance information should be retained in the CRIS for up to five years, after which time it can

be archived but remain accessible for review purposes.

 Which performance measures are used for the activity?

 What do those measures seek to demonstrate?

 How are the measures constructed?

 How is the activity performing against the measures?

 When were the measures last reviewed?

Page 6 of 7

Cost Recovery Implementation Statement - Australian Government Page 6

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