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Part 2: Expense Measures (continued)

Finance

Australian Hearing Services — a strong and viable future

Expense ($m)
2015‑16 2016‑17 2017‑18 2018‑19 2019‑20
Department of Finance 1.2 1.1
Department of Human Services 2.2

The Government will provide $2.2 million over two years from 2015‑16 to consider the future ownership of Australian Hearing Services to ensure it has a strong and viable future in the context of a contestable National Disability Insurance Scheme market and continues to provide high quality valued services to Australians with a hearing loss.

The Government has not yet made a decision to transfer Australian Hearing into non‑government ownership. People with a hearing loss who currently receive (or are eligible to receive) Community Service Obligation services will continue to receive those services.

The cost of this measure will be offset by a special dividend payment from Australian Hearing in 2016‑17.

Further information can be found in the press release of 12 February 2016 issued by the Minister for Finance.

Australian Securities and Investments Commission Registry Further Market Testing

Expense ($m)
2015‑16 2016‑17 2017‑18 2018‑19 2019‑20
Australian Securities and Investments Commission 1.1 5.9
Department of Finance 3.1
Total — Expense 1.1 9.0

The Government will provide $3.1 million in 2016‑17 for the Department of Finance to complete the final bid phase of the competitive tender process to market test the capacity of a private provider to upgrade and operate the Australian Securities and Investments Commission (ASIC) Registry and to develop value added products. The Government will make a final decision after examining the final tender outcomes on whether to commercialise the Registry.

In addition, the Government will provide $1.1 million in 2015‑16 and $5.9 million in 2016‑17 to ASIC to assist with the competitive tender process.

Further information can be found in the press release of 29 April 2016 issued by the Minister for Finance.

Enhancements to EasyCount and Ballot Papers

Expense ($m)
2015‑16 2016‑17 2017‑18 2018‑19 2019‑20
Australian Electoral Commission 4.3 0.5

The Government will provide $4.8 million over two years from 2015‑16 to enhance the EasyCount vote counting system and printing of party logos on ballot papers.

This measure supports amendments to the Commonwealth Electoral Act 1918 to improve the Senate voting system.

Financing Strategies for NBN Co Limited

Expense ($m)
2015‑16 2016‑17 2017‑18 2018‑19 2019‑20
Department of Finance

The Government has tasked the Department of Finance, in consultation with the Department of Communications and the Arts and the Department of the Treasury, to seek independent expert advice on strategies to meet NBN Co Limited's future funding requirements.

Funding for this measure has already been provided for by the Government.

Non‑Government Personal Staffing — additional funding

Expense ($m)
2015‑16 2016‑17 2017‑18 2018‑19 2019‑20
Department of Finance 0.6 1.1 1.1 1.1 1.1

The Government will provide $5.2 million over five years from 2015‑16 to increase the number of personal employee positions allocated to non‑Government independent Senators under the Members of Parliament (Staff) Act 1984 from two to three personal employees. The provision of an additional personal employee will assist the independent senators with the consideration of the detailed policy and legislative information that comes before the Senate.

This will be funded from whole‑of‑government savings.

Offering Choice in Public Sector Superannuation Accumulation Plan

Expense ($m)
2015‑16 2016‑17 2017‑18 2018‑19 2019‑20
Department of Finance

The Government will extend PSSap membership eligibility to allow PSSap members to choose to remain contributory members when they move to non‑Commonwealth employment.

This will align PSSap arrangements with superannuation arrangements available in the broader industry and is consistent with the Government's wider reforms and initiatives to lower administrative costs borne by members.

This measure has no financial implications.

Scoping Study — integrated solution for the management of parliamentary entitlements

Expense ($m)
2015‑16 2016‑17 2017‑18 2018‑19 2019‑20
Department of Finance 0.5

The Government will provide $0.5 million in 2015‑16 to undertake a scoping study into the development of an integrated Information Communication Technology (ICT) solution for the management of parliamentary entitlements.

This aligns with the Review An Independent Parliamentary Entitlements System, which identified the need for an upgrade to the ICT system supporting the parliamentary expenses system.

Further information can be found in the press release of 23 March 2016 issued by the Minister for Finance.

Smaller Government — Scoping Study Review of Investment Funds — consolidation of managers

Expense ($m)
2015‑16 2016‑17 2017‑18 2018‑19 2019‑20
Department of Finance

The Government will undertake a scoping study in late 2016 to review the management arrangements of the Commonwealth's existing investment funds to determine if there are efficiencies to be gained from consolidating the investment management arrangements.

The cost of this measure will be met from within the existing resources of the Department of Finance.

This measure is part of the Smaller Government reforms which reduce the size and complexity of government.

The Smaller Government reforms are eliminating duplication and waste, streamlining services and reducing the cost of government administration.