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PERFORMANCE
INFORMATION FOR OUTCOME 2
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Output
2.1.1—Financial Legislation and Regulation |
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| QUALITY | | |
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| Target | | Result |
| 90 per cent of Ministerial letters with a turnaround within seven
days. | | Not met—30 per cent of Ministerial
letters were turned around within seven days. The subject matter of letters dealt
with is highly complex and often requires extensive research and consultation.
Sixty per cent of Ministerial letters were turned around within 21 days. |
| 80 per cent satisfaction with the services from customers/stakeholders. | | Achieved—This
is based on the rating for Ministerial briefs/advice. |
| Legislative instruments meet the objectives of increased accountability
and improved governance as measured by the Minister and stakeholders. | | Achieved—This
is based on the rating for Ministerial briefs/advice. Improved governance, including
increased accountability, is achieved through continual review, adaptation and
improvement of legislative instruments. |
| Finance Minister's Orders provide relevant and reliable information
for user decision-making and discharge of accountability as measured by stakeholders. | | Revised
Finance Minister's Orders were executed by the Minister on 24 May 2001. Continuing
review of Finance Minister's Orders, together with other forms of delegated legislation
and the FMA Act itself, and maintenance of informative internet sites, ensures
information is relevant and reliable. |
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| QUANTITY | | |
|
| Target | | Result |
| Execution of revised Finance Minister's Orders for the reporting
requirements of Commonwealth Agencies and Authorities. | | Revised
Finance Minister's Orders were executed by the Minister on 24 May 2001. The revised
Finance Minister's Orders were agreed with the ANAO and reflect the latest developments
in financial reporting. |
| Regular
written advice to agencies and to Ministers on agency progress in implementing
GST on at least a monthly basis. | | Over the financial
year 21 News Sheets were issued relating to whole-of-government New Tax
System matters and a questionnaire of GST implementation compliance was conducted.
Feedback advice was subsequently provided to agency Chief Executive Officers and
the Minister. The post-GST Implementation questionnaire, conducted in January
2001, was the final in a series of six questionnaires. Finance issued a Best
Practice to New Tax System Risk Management guide to agency CEOs in March 2001,
and a Ministerial brief was subsequently prepared. |
| Full attendance at forums organised by the GST Unit to discuss
issues related to implementing the New Tax System. | | Not
applicable—The final forum in the series of forums organised by Finance,
the ATO and Deloittes was conducted in June 2000. |
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