Department of Finance Annual Report 2001

In this chapter :

Outcome 2—Improved and More Efficient Government Operations

Asset Management

Project Management

Shareholder Advice
Public Sector Financial Management

Business Services

Table 5: Revised Performance Indicators for Outcome 2

Table 6: Performance Information for Outcome 2

- Effectiveness—Overall Achievement of Outcome 2

- Output 2.1.1—Asset Sales

- Output 2.1.2— Project Management

- Output 2.1.3—GBE Monitoring and Advice

- Output 2.2.1—Financial Management Framework

- Output 2.2.2—Public Sector Superannuation Advice

- Output 2.3.1—Property Management

- Output 2.3.2—Insurance of Commonwealth Operations

Table 7: Resources for Outcome 2

Chapter 4

Table 5: Revised Performance indicators for Outcome 2

Revised Performance Indicators for Outcome 2 The following changes to the performance indicators for Outcome 2 are as a result of the Administrative Arrangements Order and machinery of government changes in November 2001. More detailed explanation of these changes is set out in Chapter 2.

The performance indicators for the new output 2.1.1—Asset Sales at Table 6 are based on the performance indicators published in the 2001–02 PBS for OASACS.

PERFORMANCE INDICATOR IN 2001—02 PBS		REVISED/NEW PERFORMANCE INDICATOR



Effectiveness—Overall achievement of the Outcome

Changes to the frameworks improve transparency and flexibility of government operations and enhance access to government information.		Changes to the frameworks improve transparency and flexibility of government operations.

Contributions of Outputs to Outcome

No previous indicator.		Completed sales that achieve government objectives.

OUTPUT 2.1.1—PROPERTY MANAGEMENT		now Output 2.3.1

Quality Provide client agencies with high quality accommodation and asset management services in Australia and overseas as measured by industry benchmarking and tenant satisfaction levels: development of properties to meet customer needs, including Australian representational requirements overseas, within specified time and budget.		Quality Provide client agencies with high quality accommodation and asset management services in Australia as measured by industry benchmarking and tenant satisfaction levels: development of properties to meet customer needs within specified time and budget.

Quantity Earn a return on investment (ROI) of 8.1 per cent.		Quantity Earn a return on investment (ROI) of 5.4 per cent.

Management expense ratio of 0.6 per cent.		Management expense ratio of 0.7 per cent.

Pay dividends to government of $121 million.		Pay dividends to government of $69.7 million.

Return equity of $103 million from proceeds of divestment programme.		Return equity of $124.4 million from proceeds of divestment programme.

Performance Indicator in 2001–02 PBS		Revised/New Performance Indicator

Output 2.2.1—Financial Management Framework

Quality 90 per cent of Natural Disaster Relief Arrangements and Natural Disaster Relief Management Studies programme payments processed within set deadlines.		Function transferred to the Department of Transport and Regional Services.

Output 2.3.2—Secretarial Support for Remuneration Tribunal		Function transferred to the Department of Employment and Workplace Relations.

Output 2.4.1—Access to Government Information		Functions transferred to the Department of Communications, Information Technology and the Arts (access to government information) and the Australian Public Service Commission (service charters).