 |
PERFORMANCE
INFORMATION FOR OUTCOME 2
|
Outcome
2.1.2—Public Sector Superannuation Advice |
 |
| QUALITY | | |
|
| Target | | Result |
| Difference between estimated employer contributions
and benefit payments and final outcome is within Budget management requirements
(see
Output 1.1.5). | | Not
met—Difference of -8.69 per cent against a target of +/-0.5 per cent. This
indicator reflects all Outcome 2 benefit payments (net of amounts received from
the fund) less employer contributions. Variance is largely due to less than expected
benefit payments. |
Superannuation
arrangements that are simple, flexible, contestable and support accountability
and transparency as assessed by feedback from customers/stakeholders: | | |
- 90 per cent of Ministerial briefs/advice
rated better than average or excellent in quality or timeliness.
| | Surpassed—98
per cent of Ministerial briefs/advice were rated better than average or excellent. |
- 90 per cent of Ministerial letters with
a turnaround within seven days.
| | Not
met—82 per cent of Ministerial letters were turned around within seven days.
Turnaround delays were due to the complex nature of and the number of Ministerials. |
| | | Achieved—Feedback
from stakeholders has been obtained on an ongoing basis.
|
- Quarterly reconciliation of agency employer
superannuation contribution payments completed within one month of end of relevant
quarter.
| | Not
met—First and Third quarters on target. Second quarter completed but outside
target. Second quarter target unable to be met as a result of all necessary data
not being available on time. |
|
| QUANTITY | | |
|
| Target | | Result |
| Unfunded superannuation liabilities updated and reported
annually. | | Achieved—Unfunded
liabilities are reported in the Budget, the Department's Financial Statements
and the Final Budget Outcome Report. Updated liabilities were reported in the
September Final Budget Outcome, the May Budget and reported in the 30 June 2001
Financial Statements. |
Agency
employer superannuation contribution rates fully reviewed within a three-year
cycle commencing 1 July 1998. | | Achieved—Fully
reviewed by 30 June 2001, and agency assessments complete. |
The
numbers of the following are variable and demand driven, and will be reported
on an annual basis: | | |
- Bills drafted and legislative instruments
promulgated Ministerials and briefs advice and seminars provided to agencies.
| |
Four Bills drafted against an estimate of two.
17 legislative instruments
against an estimate of 22.
221 Ministerials provided against a target of 200.
76 briefs provided against a target of 60.
135 pieces of advice provided against
a target of 90. The number of agencies seeking advice exceeded expectations. Seminars
were not required as new superannuation arrangements were not put in place in
2000–01. |
| 95 per cent
of payments for actuarial services recovered from agencies by 30 June. | | Surpassed—100
per cent received by 31 March 2001. |
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