Australian Maritime Safety Authority
Section 3: Budgeted financial statements
Section 3 presents budgeted financial statements which provide a comprehensive snapshot of the AMSA's finances for the 2018–19 Budget year, including the impact of Budget measures and resourcing on financial statements.
3.1 Budgeted financial statements
3.1.1 Explanatory notes and analysis of budgeted financial statements
AMSA is projecting an overall budget operating surplus of $17.8m for the budget and forward years, comprising surplus of $3.5.m, $5.8m, $5.3m and $3.3m from 2018–19 through to 2021–22 respectively. From 1 July 2018, AMSA assumes full responsibility for the delivery of regulatory services under the National System. The budgeted financial statements over the forward estimates have been adjusted to include funding for the National System for Domestic Commercial Vessel Safety.
The estimated actual for 2017–18 is an operating surplus of $2.2m with revenue of $208.6m and expenditure of $206.4m.
AMSA's revenue sources are:
- levies collected from the shipping industry and appropriated under section 48 of the AMSA Act as special appropriations to fund AMSA's ship safety and environment protection functions
- Community Service Obligation funding from the Australian Government for search and rescue coordination services for persons in aviation or maritime distress in Australia's internationally designated search and rescue region
AMSA has 3 levies corresponding to its ship safety and environment protection functions:
- the Marine Navigation (Regulatory Function) Levy funds AMSA's shipping regulatory functions
- the Marine Navigation Levy funds the national network of marine aids to navigation
- the Protection of the Sea Levy funds activities related to pollution and emergency response services
In 2018–19, levy revenue is estimated to total $123.9m, which is marginally higher than the 2017–18 estimated revenue of $122.0m.
AMSA will receive an annual departmental appropriation of $59.4m in 2018–19 for providing search and rescue co-ordination services to the community. AMSA will also receive an annual departmental appropriation of $10.9m in 2018–19 to cover the cost of search and rescue incidents.
From 1 July 2018–19 AMSA will take the full responsibility for the National System for Domestic Commercial Vessel Safety and the increase in the annual departmental appropriation in 2018–19 reflects the additional Commonwealth transitional funding package of $7.3m for the National System for Domestic Commercial Vessel Safety.
AMSA's revenue for 2018–19 also includes $13.2m transitional funding package from states for the National System for Domestic Commercial Vessel Safety.
AMSA also receives revenue from independent sources that comprises fees and charges related to specific service delivery.
AMSA may make determinations fixing charges under section 47 of the AMSA Act, which requires fees and charges to be reasonably related to the costs incurred by AMSA in their provision. AMSA has a range of services with charges based on the average cost of delivering a specific service or the time taken to deliver the service multiplied by a standard hourly rate. These services include:
- approvals, certificates and determinations for ships, cargo and ship safety equipment
- activities related to issuing certificates of competency to seafarers, including conducting practical oral examinations for navigation and engineering officers
- assessment of sea time pre-requisites for qualifications, issuing and renewing coastal pilot licences and services provided by the Australian Shipping Registration Office
AMSA's total estimated revenue from independent sources for the 2018–19 budget period is $27.3m (up $10.4m compared to $16.9m in the 2017–18 estimated actuals). This increase is primarily attributable to the transitional funding from states and from industry sources for the National System for Domestic Commercial Vessel Safety.
AMSA estimates total revenue of $228.8m in the 2018–19 budget period compared to $208.6m in the 2017–18 estimated actuals, as summarised in the table following.
|AMSA revenue sources|
|Special appropriations of levies collected from the shipping industry||122.0||123.9|
|Annual departmental appropriation for search and rescue functions||58.6||59.4|
|Annual departmental appropriation for search and rescue response||11.1||10.9|
|Revenue from budget measures||-||7.3|
|Revenue from independent sources (fees and charges and interest)||16.9||27.3|
The table below compares the appropriations between the 2017–18 estimated actuals and 2018–19 Budget:
|Appropriation Bill No. 1|
|Australian Search and Rescue Function||58,620||59,417|
|Australian Search and Rescue Response||11,097||10,928|
|Revenue from budget measures||-||7,260|
|Marine Navigation Levy||34,660||35,282|
|Regulatory Functions Levy||52,217||53,157|
|Protection of the Sea Levy||34,795||35,421|
Resources for AMSA's output groups
Chart 3.1.1 shows the resources allocated to AMSA's 2 sub-programs since 2015–16:
Chart 3.1.1: Trends in resources for AMSA sub-programs