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FINANCIAL STATEMENTS

Summary of financial performance

From 1 July 2009 additional funding was provided to DIAC for the new operational arrangements for the Office of the MARA. This was reflected as a measure in the 2009–10 Budget.

The total appropriation for ordinary annual services for the Office of the MARA was $6.407 million in 2009–10.

Included in the allocation was a provision for one off transitional costs to establish the Office of the MARA in separate premises, with separate business systems.

The appropriation was supplemented by receipts of $21 000 from sale of goods and rendering services.

DIAC has prepared financial statements in accordance with the Finance Minister’s Orders made under the Financial Management and Accountability Act 1997, including the Australian Accounting Standards. The accounts have been audited by the Australian National Audit Office, and will be reported in the Department of Immigration and Citizenship Annual Report 2009–10. The financial transactions relating to the Office of the MARA has been included in the department’s financial results.

Whilst not reported separately for audit purposes, the revenue and expenditure data relating to the Office of the MARA has been separately monitored and an income statement for the year ended 30 June 2010 is provided at Table 10. As shown in the table the operating result was a surplus of $26 000.

Administered revenue

Administered revenues are revenues relating to the course of ordinary activities performed by the department on behalf of the Australian Government.

Administered revenue collections are transferred to the Official Public Account maintained by the Department of Finance and Deregulation.

The charge payable by an individual applying for registration as a migration agent is administered revenue. This fee is set in accordance with the Migration Agents Registration Charge Act 1997.

Administered revenue generated from migration agent registration application fees amounted to $6.277 million for the financial year 2009–10.

 

For the year ended 30 June 2010

Office of the Migration Agents Registration Authority Income Statement

 

2010
$’000

2009
$’000

Revenue

Revenue from Government

6,407

5,814

Sale of goods and rendering of services

21

0

TOTAL REVENUE

6,428

5,814

 

Expenditure

Employee expense

2,472

2,167

Depreciation and amortisation expense

13

432

Finance costs

0

8

Supplier expense

3,917

2,990

TOTAL EXPENSES

6,402

5,597

 

Operating Result (Deficit)/Surplus

26

217

 

Table 10: Income statement for the Office of the MARA