Output Classes

Output Class - Residential Tenancy Services

This new output class is the amalgamation of output classes Administration of Residential Tenancies Bond Monies and Residential Tenancies Information and Dispute Resolution.

Output Class - Policy, Purchase and Monitoring Advice

The decrease of $1.277 m reflects the transfer of the policy function to Sector and Regulatory Policy output class.

Output Class - Sector and Regulatory Policy

This new output class is the result of the establishment of the Department of Building and Housing (policy function on building issues transferred from Vote: Commerce) and the transfer of the policy function relating to housing from Policy, Purchase and Monitoring Advice output class.

Output Class - Building Act 2004 Implementation

This output class is the result of the establishment of the Department of Building and Housing (Building Act 2004 implementation function transferred from the Building Industry Authority).

Output Class - Occupational Licensing

This output class is the result of the establishment of the Department of Building and Housing (the administration of Licensed Building Practitioners function transferred from Vote: Commerce).

Output Class - Building Regulation and Control

This new output class is the result of the establishment of the Department of Building and Housing (the building regulation function transferred from the Building Industry Authority).

Output Class - Administration of Residential Tenancies Bond Monies

This output class has been amalgamated with Residential Tenancies Information, Advice and Dispute Resolution to form the new output class Residential Tenancy Services.

Output Class - Residential Tenancies Information, Advice and Dispute Resolution

This output class has been amalgamated with Administration of Residential Tenancies Bond Monies to form the new output class Residential Tenancy Services.

Statement of Financial Position

Taxpayers' Funds
The increase of $4.051 m in taxpayers' funds relates to Capital Contributions received for the establishment of the new Department of Building and Housing, funding for memorandum accounts, and capital investment for the new Licensing Registry.

Current Assets
The increase of $4.397 m in current assets relates mainly to an increase in tenancy bond interest account receivables. This interest account is used to partly fund the operations of the Department - a higher level of forecast interest receivable combined with a lower level of budgeted drawdown from the account has resulted in this increase.

Non-Current Assets
The increase of $1.010 m in non-current assets is a result of new capital funding received for fixed assets for the establishment of the new Department of Building and Housing.

Current Liabilities
The increase of $1.308 m in current liabilities reflects the increased level of creditors, which is directly attributable to the increase in the Department's operating costs and baseline.