Section 1: Entity overview and resources
1.1 Strategic direction statement
Infrastructure Australia (IA) is a statutory authority established on 1 September 2014 following amendment of the Infrastructure Australia Act 2008. IA's primary role is to support the Australian Government's plan to build a strong and prosperous economy. This is to be done through the provision of high quality independent advice concerning nationally significant infrastructure matters. This advice is for the Australian Government, and in turn, all levels of government, industry and stakeholders.
In accordance with the outcome in Section 2 of this document, “Outcomes and Planned Performance”, IA is responsible for providing independent advice for:
- improved decision-making on infrastructure matters
- better identification and assessment of key drivers of infrastructure demand and utilisation
- improved prioritisation of infrastructure projects
- the identification, implementation and promotion of best practice infrastructure planning, financing, delivery and operation
The key priorities for IA in 2018–19 are:
- continue to undertake evaluations on all infrastructure proposals where funding of more than $100 million is sought from the Commonwealth. This includes economic and social infrastructure proposals but excludes defence proposals
- regularly update and further develop the Infrastructure Priority List. This priority list will be informed by the other work of IA, in particular the Australian Infrastructure Audit, the Australian Infrastructure Plan and evaluation of infrastructure proposals
- develop the second Australian Infrastructure Audit (the Audit). The Audit should:
- identify and measure gaps in Australia's infrastructure, including current gaps and gaps expected to emerge as projected future demand exceeds available capacity
- identify opportunities to support economic growth through better use of existing infrastructure and strategic investment in additional capacity
- be completed by 30 June 2019
- development of further advice, through the development of research papers, on the recommendations in the Australian Infrastructure Plan (delivered in 2015–16)
- develop and maintain data sources to inform future plans and priority lists
- continue to establish and develop the corporate capabilities to support IA's role as an independent entity that provides high quality advice
The Australian Infrastructure Plan (delivered in 2015–16) identifies reform and investment priorities to be implemented in the coming 15 years, to increase productivity and support economic growth.
The plan was informed by the outcomes of the Northern Australia Audit, the Australian Infrastructure Audit, evaluations of infrastructure project proposals and input from jurisdictions, industry and community stakeholders.
The plan will be updated at least every five years. In 2018–19, IA will play an active role in ongoing research and collaboration initiatives that promote and develop effective data and information sharing, analysis and benchmarking. In particular, IA will undertake initiatives to maintain the currency of its data to inform future Audits, plans, priority lists and project evaluations.
Additional priorities of IA in 2018–19 include:
- continuing to evolve the frameworks utilised by jurisdictions in submitting proposals to IA for evaluation to promote best practice in infrastructure planning, procurement and delivery. This will include consideration of costs and benefits and the appropriate assessment of wider benefits (in addition to direct benefits) providing guidance on how these should be measured and applied, if required
- promoting best practice in the planning, funding, delivery and operations of infrastructure through leadership on regulatory reform objectives
- through engagement with all levels of government and industry, facilitating the continual evolution of planning and procurement practices by contributing to a repository of data, information and knowledge on the nation's infrastructure resources, requirements, delivery and practices
- continuing to establish and maintain productive working relationships with all levels of government and industry. This includes engaging closely with Commonwealth departments, agencies and entities as well as states, territories, local governments, investors in infrastructure, owners of infrastructure and communities—as the end users of infrastructure
1.2 Entity resource statement
Table 1.1 shows the total funding from all sources available to IA for its operations and to deliver programs and services on behalf of the Government.
The table summarises how resources will be applied by outcome (government strategic policy objectives) and by departmental (for IA's operations) classification.
For more detailed information on special appropriations, please refer to Budget Paper No. 4—Agency Resourcing.
Information in this table is presented on a resourcing (i.e. appropriations/cash available) basis, whilst the ‘Budgeted expenses by Outcome 1’ table in Section 2 and the financial statements in Section 3 are presented on an accrual basis.
Table 1.1: Infrastructure Australia resource statement—Budget estimates for 2018–19 as at Budget May 2018
1.3 Budget measures
There are no Budget measures relating to IA detailed in Budget Paper No. 2—Budget Measures.
Table 1.2: Entity 2018–19 Budget measures
Part 1: Measures announced since the 2017–18 Mid-Year Economic and Fiscal Outlook (MYEFO)
This table is not provided as there have been no measures since MYEFO for IA.
Part 2: Other measures not previously reported in a portfolio statement
This table is not provided as there are no other measures not previously reported in a portfolio statement for IA.