The Group is also taking a leading role in promoting the division's corporate values, 'The RDL Way'. Construction on the new $4.2 million center in Denham began in 2011-12 with $3.9 million in regional royalties.
Jointly funded by Royalties for Regions and the Australian Government, the project will increase the Ord River irrigated area from 14,000 to 29,000ha. 322 million investment to develop and deliver agricultural land and support infrastructure, including water supply, drainage and off-farm roads. 195 million investment on 27 projects to help address social and economic disadvantage within the indigenous population and the current deficiencies in the available social, community and general-use infrastructure in the East Kimberley.
- Ranford Water Capacity Increase land supply in
- Economic Development Implementation in the
- Collie CBD Revitalisation Improve the amenity of the
- Esperance Town Centre – Revitalising the Heart of the
- Esperance Economic Development – Stage 1
- City Centre Enhancement Project
- Revitalisation of Town Centre
- Surfers Point Precinct Infrastructure upgrades to
- Town Site Revitalisation Project
- North Midlands Solar Thermal Project
- Avon River Revitalisation Planning and design works
Revitalizing the city centre, including diverting freight traffic from the heart of the city area. Relocating the plant will enable the land to be developed for residential housing as part of the Port Hedland City Growth Plan. A major achievement in 2011-12 was finalizing the business case for the new Karratha Health Campus.
Pilbara Marine Shared Use Facility To support the Department of Commerce in managing feasibility studies and planning for the development of the Pilbara Marine Shared Use Facility (CUF), $5 million in funding has been provided by the Regions Honors initiative. The study will explore the potential for expanding the seaweed industry in the Pilbara including.
Operating expenses by category
Income by category
A similar result has already occurred in relation to the state's other important trading partners. The higher value of the Australian dollar in foreign exchange markets also reduces the competitiveness of Western Australian exporters. This has a direct impact on the size of the royalty fund for the regions and its ability to deliver benefits to Western Australia.
The Regional Australia Standing Council consists of the Australian Local Government Association and Commonwealth, State, Territory and New Zealand Ministers responsible for regional affairs. The Minister for Regional Development also represents Western Australia in the Northern Australia Ministerial Forum (NAMF), which is part of the Australian Government's response to the recommendations of the Northern Australia Land and Water Taskforce report released in February 2010.
Australian Accounting Standards
The department's financial statements for the year ended 30 June 2012 have been prepared in accordance with Australian Accounting Standards. The term 'Australian Accounting Standards' includes standards and interpretations issued by the Australian Accounting Standards Board (AASB). The department has adopted any applicable new and revised Australian Accounting Standards from their effective dates.
The Department may not early adopt an Australian Accounting Standard unless specifically permitted by TI 1101 Application of Australian Accounting Standards and Other Statements. No Australian Accounting Standards that have been issued or amended but are not operational have previously been adopted by the department for the annual reporting period ending 30 June 2012.
Summary of significant accounting policies
The operation of the Ministry is mainly financed by the budgetary resources of the Parliament, but many programs managed by the Ministry are financed by license fees for the regions. Service grants are recognized as revenue at fair value in the period in which the department obtains control of the granted funds. Software, which is an integral part of the associated hardware, is recognized as tangible fixed assets.
The department considers the carrying amount of accrued salaries to be equivalent to its fair value. All other GSS obligations are funded by concurrent contributions made by the department to the GESB.
Key sources of estimation uncertainty
This standard expands the exemption from consolidation, the equity method and proportional consolidation by removing the requirement for consolidated financial statements. This standard supersedes AASB 139 Financial Instruments: Recognition and Measurement and introduces a number of accounting changes. This standard supersedes AASB 131 Interests in Joint Ventures and introduces a number of accounting changes.
This standard implements the consequential changes resulting from the issuance of IAS 10, IAS 11 and IAS 127 Separate Accounting. This Standard replaces the existing definition and guidance on fair value in other Australian Accounting Standards and Interpretations as a result of the issuance of IAS 13 v.
Employee benefits expense
Supplies and services
Depreciation and amortisation expense
Regional Royalties - Ord Expansion Aboriginal Development Package Regional Royalties - Pilbara Cities Community Projects Regional Royalties - Pilbara Infrastructure and Headworks.
Indian Ocean Territories
Income from State Government
The receivable (stock account) includes the year's depreciation expense and any agreed increase in the leave obligation during the year. The recurring funds are committed to projects and programs in WA regional areas. d) Amounts for 2011 adjusted to include $10.259 million. previously reported in note 14 Other income. Contribution provided by the Ministry of the Attorney General to cover the project costs of the Yawuru Agreement.
Contributions of assets or services in the nature of. contributions from owners are recognized directly in equity. a) Unspent funds are committed to projects and programs in regional areas of WA.
Amounts receivable for services (Holding Account)
Amounts receivable for services (Holding Account). valuations were made during the year ending 30 June 2012 and recognized on 30 June 2012. The land is transferred to the department as it is the only agency with the power to sell Crown land. There were no indications of impairment of property, plant and equipment or intangible assets at 30 June 2012.
All excess assets as of June 30, 2012 are classified as assets held for sale or written off.
The department acknowledges the acquisition of. easements in connection with the Dampier to Bunbury Natural Gas Pipeline as an intangible asset with an indefinite useful life. At the end of the. reporting period there were no intangible assets that were not yet available for use. Long-term service obligations are classified as current with no unconditional right to defer settlement until at least 12 months after the reporting period.
More than 12 months after the reporting period 24 15. Movements in each class of provisions during the financial year, except employee benefits, are set out below. d) The settlement of annual and long service leave obligations gives rise to the payment of employment on-cost including workers' compensation insurance. The associated expense, apart from the settlement of the discount (financing costs), is disclosed in note 11 'Other expenses'.
Reconciling the net cost of services with the net cash flows provided by/(used in) operating activities. a) Note that Australian Taxation Office (ATO) receivables/payables in respect of GST and receivables/payables in respect of. the sale/purchase of long-term assets are not included in these items as they are not part of the reconciling items. The Department has entered into a lease for the property which is a non-cancellable lease for a term of five years, with rent payable monthly in advance. There is an option to renew the lease at the end of the five-year term for an additional five-year term.
The initial inspection of the approximately 10,000 suspected contaminated sites will be conducted by contractors, with SLS management determining if the inspection reports indicate a site warrants further investigation and reporting to DEC. The extent of the department's liability can only be assessed as DEC progressively classifies sites in a program that is expected to last many years.
Events occurring after the end of the reporting period
The department's exposure to market risk to changes in interest rates mainly relates to its long-term debt obligations. The department's exposure to market risk to changes in interest rates mainly relates to its long-term debt obligations. a) The amount of the receivables does not include the GST recoverable from the ATO (statutory claim). The following table summarizes the department's maximum exposure to credit risk and the aging analysis of financial assets.
The department's maximum exposure to credit risk at the end of the reporting period is the carrying amount of financial assets as shown below. The following table discloses the department's interest rate exposure and the contractual maturity analysis of financial assets and financial liabilities.
Remuneration of auditor
Special purpose accounts
The purpose of this account is to hold funds for the purchase of real estate on the Wittenoom town site, relocation of residents, demolition and sale of acquired real estate.
Supplementary financial information
In accordance with accounting standards and applicable law, the department has adopted a new methodology for dealing with the transfer and sale of Crown land. The Department of Regional Development and Lands was established on 1 July 2009 from parts of the former Departments of Local Government and Regional Development and Planning and Infrastructure. This Act is administered by the Minister for Lands, assisted by the Department of Regional Development and Lands.
The degree to which these stakeholders are satisfied with their needs supported by the department is an indicator of department effectiveness. Respondents were also asked to rate the department's risk management on Crown land under its control.
Other financial disclosures
The Strategic Workforce Plan will ensure that RDL has a skilled and effective workforce that supports the achievement of the department's strategic priorities. The questions outlined in the survey covered a number of key focus areas and included the tenets of the department's values statement. The department's employee opinion survey included questions about employee perception of the "RDL Way."
The RDL Way has been incorporated into organizational strategies, including the Code of Conduct, Work and Development Plans and the Department's Strategic Workforce Plan. An Aboriginal Employment Strategy was implemented in January 2012 by the Department's Aboriginal Affairs Branch in partnership with Human Resources.
Other legal requirements
- People with disability have the same opportunities as other people to access the department’s
- People with disability receive information from RDL in a format that will enable them to access the
- People with disability receive the same level and quality of service from the staff of RDL as other
- People with disability have the same opportunities as others to make complaints to RDL
- The efficiency and effectiveness of the organisation’s record keeping systems is
- The organisation conducts a record keeping training program
- The efficiency and effectiveness of the record keeping training program is
- The organisation’s induction program addresses employee roles and
Ensure that people with disabilities have the opportunity to participate in shaping the development of regional WA through the department's existing consultation processes. The department is also committed to requiring all public sector employees to participate. Responsibility for compiling applications for the department's recruitment and selection processes rested with the Shared Services Center of the Department of Treasury and Finance.
The department also became responsible for the administrative aspects of the recruitment function for the nine Regional Development Commissions. In April 2012, full responsibility for the following human resources (HR) services - occupational health and safety, workers - returned to the department from the Shared Services Center.