Australian Financial Security Authority Outcome 1
Maintain confidence in Australia's personal insolvency and personal property securities systems by delivering fair, efficient and effective regulatory, trustee, registry and information services
| # | Program | Body | Contribution |
|---|---|---|---|
| 1.1 | Australian Financial Security Authority Program 1.1 | Australian Financial Security Authority | We offer unique and specific expertise in personal insolvency and trustee services which the community, business sectors and government rely on. Our strong industry experience in the administration of insolvent estates upholds the integrity of the personal insolvency system. We deliver value to creditors by performing our functions in a commercially sound way. Our collaborative approach, depth of industry-specific knowledge and strong stakeholder relationships inform our better practice trustee servicesWe seek to create an environment that minimises harm caused by significant non-compliance with the law or a failure by the regulated community to adhere to an expected standard of behaviour |
| 1.2 | Australian Financial Security Authority Program 1.2 | Australian Financial Security Authority | Our expertise in combining industry knowledge, legal and financial acumen, technology and a client-centred approach supports the operation of the personal property securities system in AustraliaThe application of this expertise enables us to deliver innovative solutions in response to the needs of our users and stakeholders. Our working knowledge of personal property securities law and experience in making informed administrative decisions foster confidence in the personal property securities system and support financial risk management and access to finance within the economyWe seek to create an environment that minimises harm caused by significant non-compliance with the law or a failure by the regulated community to adhere to an expected standard of behaviour |
| # | Program | Body | Contribution |
|---|---|---|---|
| 1.1 | Australian Federal Police Program 1.1 | Australian Federal Police | AFSA provides regulatory advice and information to the AFP to support proceeds of crime work and financial investigations such as foreign bribery and fraud. AFSA exchanges information with the Australian Taxation Office and administers the bankruptcy notices and payment arrangements to support this. |
| 1.1 | Australian Taxation Office Program 1.1 | Australian Taxation Office | AFSA provides regulatory advice and information to the AFP to support proceeds of crime work and financial investigations such as foreign bribery and fraud. AFSA exchanges information with the Australian Taxation Office and administers the bankruptcy notices and payment arrangements to support this. |
| Body | Outcome | Outcome owner | Contribution | |
|---|---|---|---|---|
| Australian Financial Security Authority Program 1.1 | Australian Financial Security Authority | Australian Taxation Office Outcome 1 | Australian Taxation Office | Australian Financial Security Authority (AFSA) exchanges information with the ATO and administers the bankruptcy notices and payment arrangements to support this service. |
| Appropriation | Appropriation subtype | 2023-24 | 2022-23 | |
|---|---|---|---|---|
| Budget Estimate | Estimated Actual | Budget Estimate | ||
| Special Accounts | 59,213,000.00 | 57,993,000.00 | 57,993,000.00 | |
| Administered | Non-operating | 0.00 | 0.00 | 0.00 |
| Administered | Operating | 0.00 | 0.00 | 0.00 |
| Administered | Special Appropriation | 3,000,000.00 | 3,000,000.00 | 3,000,000.00 |
| Administered | Special Purpose Payments | 0.00 | 0.00 | 0.00 |
| Administered | Assets and Liabilities | 0.00 | 0.00 | 0.00 |
| Administered | Subtotal | 3,000,000.00 | 3,000,000.00 | 3,000,000.00 |
| Departmental | External Revenue | 46,403,000.00 | 45,660,000.00 | 45,660,000.00 |
| Departmental | Non-operating | 0.00 | 0.00 | 0.00 |
| Departmental | Operating | 57,291,000.00 | 57,202,000.00 | 57,202,000.00 |
| Departmental | Special Appropriation | 0.00 | 0.00 | 0.00 |
| Departmental | Equity Injections | 0.00 | 0.00 | 0.00 |
| Departmental | Subtotal | 103,694,000.00 | 102,862,000.00 | 102,862,000.00 |
| Total | 165,907,000.00 | 163,855,000.00 | 163,855,000.00 | |