Final Report 1 July to 30 November 2010
Final Report 1 July to 30 November 2010
Office of the Public Sector Standards Commissioner
Contact details
Office location: Public Sector Commission Governor Stirling Tower 197 St Georges Terrace Perth WA 6000
Postal address: Locked Bag 13 Cloisters Square Perth WA 6850
Telephone: (08) 9219 6000
Facsimile: (08) 9219 6010
Email: [email protected]
Website: www.publicsector.wa.gov.au
Contents
Final Report 1 July 2010 to 30 November 2010 iii
Executive Summary 1
Commissioner’s foreword 1
Introduction 2
Background 2
Report on Operations 3
Authority establishing agency 3
Ministerial responsibility 3
Legislation administered 3
Organisational structure 5
Staff profile 6
Report on Performance 7
Key achievements and activities 7
Monitoring and compliance 7
Advice and assistance 7
Evaluation and reporting 8
Chief executive officer selection 8
Director of equal opportunity in public employment 8
Disclosures and Legal Compliance 9
Financial Statements 9
Final Report 1 July 2010 to 30 November 2010
Office of the Public Sector Standards Commissioner
Final Report 1 July 2010 to 30 November 2010 1
Executive SummaryCommissioner’s foreword
The Office of the Public Sector Standards Commissioner (OPSSC) was established under the Public Sector Management Act 1994 (PSM Act). The five Commissioners who had the honour of leading the Office in the setting and monitoring of human resource standards and ethical codes for the Western Australian public sector were Mr Digby Blight, Mr Don Saunders, Ms Maxine Murray, Dr Ruth Shean and myself.
The creation of the role of Commissioner for Public Sector Standards was a recommendation of the 1992 Royal Commission into Commercial Activities of Government and Other Matters (popularly known at the WA Inc Royal Commission) so as to create
a single independent agency responsible for the general oversight and supervision of the sector. The role was intended to be one of establishing and upholding the fundamental principles, values and standards which should guide the management of the public sector. This remained the focus of OPSSC for its period of operation, together with providing a wealth of assistance and guidance to CEOs and agencies to meet those principles and standards.
OPSSC has thus played an important role in protecting the integrity of the public sector since 1994. That role will continue with the functions of the Commissioner assumed by me as the new Public Sector Commissioner. I would like to acknowledge the dedication and work of the Commissioners and staff of the former OPSSC who served the state so well for that time, and look forward to ensuring the newly established Public Sector Commission continues its outstanding work.
M C Wauchope PUBLIC SECTOR COMMISSIONER
Executive Summary
2 Office of the Public Sector Standards Commissioner
Introduction
On 30 November 2010 the Office of the Public Sector Standards Commissioner (OPSSC) ceased operations as a consequence of the proclamation of the Public Sector Reform Act 2010 (PSR Act) on 1 December 2010. The PSR Act effectively merged the operations of OPSSC and the Public Sector Commission (PSC), with all functions previously undertaken by OPSSC transferred to PSC.
Background
The Government announced in July 2010 that it would introduce reforms to the public sector through amendments to the PSM Act. These amendments were to result in the amalgamation of the two separate offices of the PSC and OPSSC.
On 25 November 2009, the Premier introduced the Public Sector Reform Bill 2009 into Parliament with its first and second reading in the Legislative Assembly. The Bill’s intent was to amalgamate the functions of the Minister for Public Sector Management and the Commissioner for Public Sector Standards to form a new position of Public Sector Commissioner. On 1 December the Public Sector Reform Act 2010 was proclaimed by the Governor, effectively ceasing OPSSC operations on 30 November 2010.
As a consequence, s.70(1) (a) of the Financial Management Act 2006 requires the completion and tabling of a Final Report of OPSSC’s operations for the period 1 July 2010 to 30 November 2010, including a full set of Financial Statements for the period, full year comparatives, and a limited report on operations.
Report on Operations
Final Report 1 July 2010 to 30 November 2010 3
Authority establishing agency
OPSSC was created under the PSM Act, with the Commissioner’s functions prescribed in ss. 21-25, 45, 48 and 97. The Commissioner also has a number of functions under the Public Interest Disclosure Act 2003 (PID Act). Within OPSSC, the Director of Equal Opportunity in Public Employment (DEOPE) is responsible under Part IX of the Equal Opportunity Act 1984 (EO Act) for ensuring compliance by all public authorities under ss. 143, 145 and 146.
Ministerial responsibility
The Commissioner for Public Sector Standards was an independent authority established under Part 2 (Division 3) of the PSM Act reporting directly to each House of Parliament.
The Director of Equal Opportunity in Public Employment reports to the Minister for Public Sector Management. Under s.144 of the EO Act, the Director is required to present to the Minister a report on the agency’s work and activities and administration of the DEOPE functions.
Legislation administered
Public sector management
The PSM Act sets out principles of integrity in official conduct, as well as merit and equity in human resource management.
Under the PSM Act the Commissioner’s role is to establish human resource management standards and codes of ethics for public bodies. The Commissioner assists them and their employees to comply, and monitors and reports on compliance. In addition the Commissioner recommends under regulatory provisions relief if there has been a breach of a human resource management standard.
The Commissioner also provides independent advice to the Minister for Public Sector Management on people suitable for appointment to chief executive officer positions in the Western Australian public sector.
These functions now reside with the Public Sector Commissioner.
Public interest disclosures
The PID Act enables the disclosure of public interest information and provides protection for those who make disclosures.
Under the PID Act, the Commissioner assists public authorities and public officers to comply with the PID Act and the code of conduct established by the Commissioner under s.20 of the PID Act. The Commissioner also has a legislative role to monitor and report on the extent of compliance with the PID Act and the Code of Conduct.
These functions now reside with the Public Sector Commissioner.
Report on Operations
Final Report 1 July 2010 to 30 November 2010 3
Report on Operations
4 Office of the Public Sector Standards Commissioner
Equal opportunity
The DEOPE was hosted by OPSSC. The DEOPE is appointed by the Governor and reports directly to the Minister for Public Sector Management.
The DEOPE’s statutory role is covered by Part IX of the EO Act. Part IX of the Act aims to eliminate and ensure the absence of discrimination in employment in public authorities on all grounds covered by the EO Act. It promotes equal employment opportunity for all people in public authorities.
DEOPE continues with the Public Sector Commission.
Report on Operations
Final Report 1 July 2010 to 30 November 2010 5
Organisational Structure
The Commissioner for Public Sector Standards, OPSSC Executive Director, Directors, and the DEOPE comprise the OPSSC Corporate Executive. The organisational structure of OPSSC at 30 November 2010 is provided in Figure 1.
OPSSC Corporate Executive: Michael Palermo, Rebecca Harris, Mal Wauchope, Fiona Roche and Chris Stansbury
Acting Commissioner for Public Sector Standards
Mr Mal Wauchope
Director, Public Sector Evaluation and Reporting
Dr Chris Stansbury
Acting Executive Director, Public Sector Practice
Ms Fiona Roche
Director, Public Sector Practice Improvement and
Compliance Monitoring
Ms Rebecca Harris
Acting Director, Office of Equal Opportunity in
Public Employment
Mr Michael Palermo
Figure 1: OPSSC organisational structure
Report on Operations
6 Office of the Public Sector Standards Commissioner
Staff Profile
As at 30 November 2010, OPSSC had 32 employees. As shown by Table 1, the majority were full-time permanent employees, with five employed on a permanent part-time basis.
Table 1: OPSSC staff profile
Employee category
Number of staff as at
30 June
2009 2010
Full-time permanent 25 23
Full-time contract 3 4
Part-time permanent 3 5
Part-time contract 0 0
TOTAL 31 32Employees seconded out 7 5
Employees seconded in 3 3
Report on Operations
Final Report 1 July 2010 to 30 November 2010 7
Report on PerformanceKey achievements and activities
During the reporting period, significant efforts were made to work collaboratively with PSC to facilitate the merging of OPSSC functions. In conjunction with this critical work, the following are the key activities performed and achievements of the Office:
Monitoring and Compliance
• Managed 61 Breach of Standard Claims and 36 General Compliance inquiries received during the period;
• Finalised 34 Breach of Standard Claims and 19 General Compliance inquiries;
• Finalised two reviews into specific complaints raised:
CEO selection process at an agency; and
Local government management of Code of Ethics.
• No PID matters were received during this period.
Advice and Assistance
• Undertook significant work in introducing enhanced flexibilities in recruitment and selection across the public sector, including the drafting of a Commissioner’s Instruction to replace the existing Human Resource Management Standard on Recruitment, Selection and Appointment. This involved consultation with corporate executive, human resources practitioners and line managers from 20 agencies across the sector;
• Conducted a range of forums and presentations pertaining to public sector standards and ethical conduct across the metropolitan and regional areas. These included presenting public sector standards at the Human Resource Consultants’ State Conference, and Managing Conflicts of Interests at the Department of Education (Canning, Fremantle, Swan and West Coast Districts) and TAFE colleges;
• In collaboration with PSC, delivered six whole of Public Sector Reform briefings, which were attended by 753 participants from 94 agencies;
• Responded to 573 calls from the sector on advice, guidance and information in relation to Public Sector Standards in HRM, Official and Ethical Conduct, and PID;
• Conducted thirty six peer reviews on public sector agencies’ HR Standards, Codes of Conduct and Managing Conflicts of Interest policies and procedures which helped agencies to improve their practices and reduce compliance risks;
• Developed four high impact products informing and guiding public authorities about best practice in the areas of recruitment, an online tool on frequently asked questions in human resource management, breach of standards, and integrity in decision making;
• Substantially updated and improved the integrity of the PID database by way of a a phone audit of PID Officers in the sector;
• Presented PID training and awareness sessions to thirteen authorities including public sector agencies, TAFEs, Local Councils and Universities; and
Report on Performance
8 Office of the Public Sector Standards Commissioner
• Continued involvement and support to the Integrity Coordinating Group in conjunction with the Office of the Auditor General, Crime Corruption Commission and the Ombudsman.
Evaluation and Reporting
• Distributed Employee Perception Surveys measuring employee perceptions of human resource management, ethical conduct, equity and diversity to 6,227 employees across 9 public authorities, achieving a 34.8% response rate (i.e. 2,167 surveys) .
• Finalised and tabled the 2010 State of the Sector Report in Parliament on the 24 November 2010. The report provides an overview of the administration and management of the Western Australian public sector in the areas of People Management and Capacity Building, Governance and Operational Management.
Chief Executive Officer Selection
• Provided the following two nominations to the Minister for Public Sector Management regarding the appointment of CEOs:-
Director General, Department of Communities on the 7 July 2010;
Coordinator, Office of Energy on the 22 July 2010; and
• Provided assistance to the Forest Products Commission in relation to the recruitment and selection process for their CEO.
Director of Equal Opportunity in Public Employment
• Consulted with 31 public sector authorities whose Equal Employment Opportunity Management Plans were expiring on 31 December 2010. Assisted those authorities, HR Directors and Managers with the preparation of their plan and also assisted three newly established public authorities with the development of new EEO Management Plan.
• Finalised and tabled the DEOPE Annual Report 2010in Parliament on 22 September 2010. This report outlines the DEOPE’s role, activities and the administration of the DEOPE functions in accordance with s.144 of the EO Act.
• Commenced preparation of the 2010 How Does your Agency Compare Report which informs each agency on the diversity of their workforce compared with the WA public sector, the achievement of equity and diversity plan objectives.
• Held a Diversity Forum on the 22 September 2010 with over 70 attendees where an informative and open discussion took place between panel members, facilitator and audience on the positive outcomes of attracting and retaining a diverse workforce. The Acting Director of Equal Opportunity in Public Employment opened the Forum by giving an overview on Part IX of the EO Act and the 25 year history of the Act.
Report on Performance
Final Report 1 July 2010 to 30 November 2010 9
Disclosures and Legal ComplianceFinancial Statements
Certification of financial statements for the period 1 July to 30 November 2010
HON PREMIER; MINISTER FOR STATE DEVELOPMENT
In accordance with Section 68 (3) b of the Financial Management Act 2006, I hereby submit for your information and presentation to Parliament, the Final Report of the Office of the Public Sector Standards Commissioner for the period 1 July to 30 November 2010. As the Office of Public Sector Standards Commissioner ceased operations as at 30th November 2010, this Report is submitted signed by the Reporting Officer, Mr Christopher D’Cruze, as appointed by the Treasurer under section 68(1) of the Financial Management Act 2006.
CHRISTOPHER D’CRUZE
REPORTING OFFICER
18 February 2011
Disclosures and Legal Compliance
10 Office of the Public Sector Standards Commissioner
Opinion of the Auditor General
Auditor General
Page 1 of 2
INDEPENDENT AUDITOR’S REPORT
To the Parliament of Western Australia
OFFICE OF THE PUBLIC SECTOR STANDARDS COMMISSIONER
Report on the Financial Statements I have audited the accounts and financial statements of the Office of the Public Sector Standards Commissioner.
The financial statements comprise the Statement of Financial Position as at 30 November 2010, the Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Cash Flows, Schedule of Income and Expenses by Service, Schedule of Assets and Liabilities by Service, and Summary of Consolidated Account Appropriations and Income Estimates for the five months then ended, and Notes comprising a summary of significant accounting policies and other explanatory information.
Reporting Officer’s Responsibility for the Financial Statements The Office of the Public Sector Standards Commissioner ceased to exist on 1 December 2010 as a consequence of the transfer of functions of the Public Sector Standards Commissioner to the newly created independent statutory office of the Public Sector Commissioner. The Treasurer appointed a Reporting Officer under section 68 of the Financial Management Act 2006, who was responsible for the preparation and fair presentation of the financial statements in accordance with Australian Accounting Standards and the Treasurer’s Instructions, that are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility As required by the Auditor General Act 2006, my responsibility is to express an opinion on the financial statements based on my audit. The audit was conducted in accordance with Australian Auditing Standards. Those Standards require compliance with relevant ethical requirements relating to audit engagements and that the audit be planned and performed to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of accounting estimates made by the Reporting Officer, as well as evaluating the overall presentation of the financial statements.
Disclosures and Legal Compliance
Final Report 1 July 2010 to 30 November 2010 11
Office of the Public Sector Standards Commissioner
I believe that the audit evidence obtained is sufficient and appropriate to provide a basis for my audit opinion.
OpinionIn my opinion, the financial statements are based on proper accounts and present fairly, in all material respects, the financial position of the Office of the Public Sector Standards Commissioner at 30 November 2010 and its financial performance and cash flows for the five months then ended. They are in accordance with Australian Accounting Standards and the Treasurer’s Instructions.
Report on Controls I have audited the controls exercised by the Office of the Public Sector Standards Commissioner. The Public Sector Standards Commissioner was responsible for ensuring that adequate control was maintained over the receipt, expenditure and investment of money, the acquisition and disposal of public and other property, and the incurring of liabilities in accordance with the Financial Management Act 2006 and the Treasurer’s Instructions, and other relevant written law.
As required by the Auditor General Act 2006, my responsibility is to express an opinion on the controls exercised by the Public Sector Standards Commissioner based on my audit conducted in accordance with Australian Auditing Standards.
OpinionIn my opinion, the controls exercised by the Office of the Public Sector Standards Commissioner are sufficiently adequate to provide reasonable assurance that the receipt, expenditure and investment of money, the acquisition and disposal of property, and the incurring of liabilities have been in accordance with legislative provisions.
IndependenceIn conducting this audit, I have complied with the independence requirements of the Auditor General Act 2006 and the Australian Auditing Standards, and other relevant ethical requirements.
COLIN MURPHY AUDITOR GENERAL 11 February 2011
Page 2 of 2
Disclosures and Legal Compliance
12 Office of the Public Sector Standards Commissioner
1. Australian Accounting StandardsGeneral
The Office’s financial statements for the period ended 30 November 2010 have been prepared in accordance with Australian Accounting Standards. The terms ‘Australian Accounting Standards’ refers to Standards and Interpretations issued by the Australian Accounting Standards Board (AASB).
The Office has adopted any applicable, new and revised Australian Accounting Standards from their operative dates.
Early adoption of standards
The Office cannot early adopt an Australian Accounting Standard unless specifically permitted by TI 1101 Application of Australian Accounting Standards and Other Pronouncements. No Australian Accounting Standards that have been issued or amended but not operative have been early adopted by the Office for the reporting period ended 30 November 2010.
2. Summary of significant accounting policies(a) General statement
The financial statements constitute general purpose financial statements that have been prepared in accordance with Australian Accounting Standards, the Framework, Statements of Accounting Concepts and other authoritative pronouncements of the Australian Accounting Standards Board as applied by the Treasurer’s instructions. Several of these are modified by the Treasurer’s instructions to vary application, disclosure, format and wording.
The Financial Management Act 2006 and the Treasurer’s instructions are legislative provisions governing the preparation of financial statements and take precedence over Australian Accounting Standards, the Framework, Statements of Accounting Concepts and other authoritative pronouncements of the Australian Accounting Standards Board.
Where modification is required and has had a material or significant financial effect upon the reported results, details of that modification and the resulting financial effect are disclosed in the notes to the financial statements.
(b) Basis of preparation
The financial statements have been prepared on the accrual basis of accounting using the historical cost convention, except for land, buildings and infrastructure which have been measured at fair value.
Office of the Public Sector Standards Commissioner Notes to the Financial Statements For the period ended 30 November 2010
Disclosures and Legal Compliance
Final Report 1 July 2010 to 30 November 2010 13
The accounting policies adopted in the preparation of the financial statements have been consistently applied throughout all periods presented unless otherwise stated.
The financial statements are presented in Australian dollars and all values are rounded to the nearest dollar.
The judgements that have been made in the process of applying the Office’s accounting policies that have the most significant effect on the amounts recognised in the financial statements are disclosed at note 3 ‘Judgements made by management in applying accounting policies’.
The key assumptions made concerning the future, and other key sources of estimation uncertainty at the end of the reporting period that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are disclosed at note 4 ‘Key sources of estimation uncertainty”.
(c) Reporting entity
The reporting entity comprises the Office.
The Office of the Public Sector Standards Commissioner is to merge with Public Sector Commission during the financial year 2010-11.
Financial transactions and commitments in relation to the Office of the Public Sector Standards Commissioner after the reporting date will be accounted for in the Public Sector Commission Financial Statements.
Mission
The Office’s mission is to achieve best practice within public authorities in people management, workforce diversity and ethical behaviour through education, capacity building and independent oversight.
The Office is predominantly funded by Parliamentary appropriations. The financial statements encompass all funds through which the Office controls resources to carry on its functions.
Services
The Office provides the following services:
Service 1: Development and Monitoring of Human Resource Standards, Ethical Codes and Public Interest Disclosure Guidelines
Develops standards and codes, assist public authorities to comply and provide independent oversight to monitor and report on compliance to Parliament and Ministers for the Public Sector Management Act 1994 (PSM Act) and the Public Interest Disclosure Act 2003 (PID Act).
Disclosures and Legal Compliance
14 Office of the Public Sector Standards Commissioner
Service 2: Advice and Evaluation of Equity and Diversity in Public Employment
Advise and assist public authorities to achieve their equal employment opportunity and diversity objectives and evaluate and report on progress in meeting their responsibilities under Part IX of the Equal Opportunity Act 1984.
Service 3: Independent CEO Selection and Reappointment Advice
Provide independent advice to the Minister about reappointment and persons suitable for vacant Chef Executive Officer positions by using fair and comprehensive processes.
The Office does not administer assets, liabilities, income and expenses on behalf of Government which are not controlled by,nor integral to the function of the Office.
(d) Contributed equity
AASB Interpretations 1038 Contributions by Owners Made to Wholly-Owned Public Sector Entities requires transfers in the nature of equity contributions, other than as a result of a restructure of administrative arrangements, to be designated by the Government (the owner) as contributions by owners (at the time of, or prior to transfer) before such transfers can be recognised as equity contributions. Capital appropriations have been designated as contributions by owners by TI 955 Contributions by Owners made to Wholly Owned Public Sector Entities and have been credited directly to Contributed equity.
The transfer of net assets to/from other agencies, other than as a result of a restructure of administrative arrangements, are designated as contributions by owners where the transfers are non-discretionary and non-reciprocal. See note 22 “Equity”. See note 22 “Equity”.
(e) Income
Revenue recognition
Revenue is measured at the fair value of consideration received or receivable.
Revenue is recognised for the major business activities as follows:
Provision of services
Revenue is recognised on delivery of the service to the client or by reference to the stage of completion of the transaction.
Service appropriations
Service Appropriations are recognised as revenues at nominal value in the period in which the Office gains control of the appropriated funds. The Office gains control of appropriated funds at the time those funds are deposited to the bank
Disclosures and Legal Compliance
Final Report 1 July 2010 to 30 November 2010 15
account or credited to the ‘Amounts receivable for services’ (holding account) held at Treasury. See note 13 “Income from State Government”.ote 14 “Income from
Net Appropriation Determination
The Treasurer may make a determination providing for prescribed receipts to be retained for services under the control of the Office. In accordance with the determination specified in the 2010-2011 Budget Statements, the Office retained $162,131 in 2011 ($502,726 in 2010) from the following:
• Proceeds from fees and charges;
• Other Office revenue.
Grants, donations, gifts and other non-reciprocal contributions
Revenue is recognised at fair value when the Office obtains control over the assets comprising the contributions, usually when cash is received.
Other non-reciprocal contributions that are not contributions by owners are recognised at their fair value. Contributions of services are only recognised when a fair value can be reliably determined and the services would be purchased if not donated.
Gains
Gains may be realised or unrealised and are usually recognised on a net basis. These include gains arising on the disposal of non-current assets and some revaluations of non-current assets.
(f) Plant and equipment
Capitalisation/expensing of assets
Items of plant and equipment costing $5,000 or more are recognised as assets and the cost of utilising assets is expensed (depreciated) over their useful lives. Items of plant and equipment costing less than $5,000 are immediately expensed direct to the Statement of Comprehensive Income.
Initial recognition and measurement
All items of plant and equipment are initially recognised at cost.
For items of plant and equipment acquired at no cost or for nominal cost, the cost is the fair value at the date of acquisition.
Subsequent measurement
At this time, the Office does not hold land, buildings or infrastructure assets. As such, items of plant and equipment are stated at historical cost less accumulated depreciation and accumulated impairment losses.
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16 Office of the Public Sector Standards Commissioner
Derecognition
Upon disposal or derecognition of an item of plant and equipment any revaluation surplus relating to that asset is retained in the asset revaluation surplus.
Depreciation
All non-current assets having a limited useful life are systematically depreciated over their estimated useful lives in a manner that reflects the consumption of their future economic benefits.
Depreciation on assets is calculated using the straight line method, using rates which are reviewed annually. Estimated useful lives for each class of depreciable asset are:
Furniture and fittings 10 yearsOffice equipment 5 yearsComputer hardware 4 yearsCommunications 5 yearsPlant and machinery 5-10 yearsOffice establishment 10 years
g) Impairment of assets
Plant and equipment and intangible assets are tested for any indication of impairment at the end of each reporting period. Where there is an indication of impairment, the recoverable amount is estimated. Where the recoverable amount is less than the carrying amount, the asset is considered impaired and is written down to the recoverable amount and an impairment loss is recognised.
As the Office is a not-for-profit entity, unless an asset has been identified as a surplus asset, the recoverable amount is the higher of an asset’s fair value less costs to sell and depreciated replacement cost.
The risk of impairment is generally limited to circumstances where an asset’s depreciation is materially understated, where the replacement cost is falling or where there is a significant change in useful life. Each relevant class of assets is reviewed annually to verify that the accumulated depreciation/amortisation reflects the level of consumption or expiration of asset’s future economic benefits and to evaluate any impairment risk from falling replacement costs.
Intangible assets with an indefinite useful life and intangible assets not yet available for use are tested for impairment at the end of each reporting period irrespective of whether there is any indication of impairment.
The recoverable amount of assets identified as surplus assets is the higher of fair value less costs to sell and the present value of future cash flows expected to be derived from the asset. Surplus assets carried at fair value have no risk of material impairment where fair value is determined by reference to market-
Disclosures and Legal Compliance
Final Report 1 July 2010 to 30 November 2010 17
based evidence. Where fair value is determined by reference to depreciated replacement cost, surplus assets are at risk of impairment and the recoverable amount is measured. Surplus assets at cost are tested for indications of impairment at the end of each reporting period.
(h) Leases
The Office holds operating leases for its office building and motor vehicles. Lease payments are expensed on a straight line basis over the lease term as this represents the pattern of benefits derived from the leased property.
(i) Financial instruments
In addition to cash, the Office has two categories of financial instrument:
• Receivables; and
• Financial liabilities measured at amortised cost.
Financial instruments have been disaggregated into the following classes:
• Financial Assets
Cash and cash equivalents
Restricted cash and cash equivalents
Receivables
Amounts receivables for services
• Financial Liabilities
Payables
Amounts due to the Treasurer
Initial recognition and measurement of financial instruments is at fair value which normally equates to the transaction cost or the face value. Subsequent measurement is at amortised cost using the effective interest method.
The fair value of short-term receivables and payables is the transaction cost or the face value because there is no interest rate applicable and subsequent measurement is not required as the effect of discounting is not material.
(j) Cash and cash equivalents
For the purpose of the Statement of Cash Flows, cash and cash equivalents (and restricted cash and cash equivalent) assets comprise of cash on hand.
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18 Office of the Public Sector Standards Commissioner
(k) Accrued salaries
Accrued salaries represent the amount due to staff but unpaid at the end of the reporting period, as the pay date for the last pay period for that reporting period does not coincide with the end of the reporting period. Accrued salaries are settled within a fortnight of the end of the reporting period. The Office considers the carrying amount of accrued salaries to be equivalent to its net fair value.
The accrued salaries suspense account consists of amounts paid annually into a suspense account over a period of 10 financial years to largely meet the additional cash outflow in each eleventh year when 27 pay days occur instead of the normal 26. No interest is received on this account.
(l) Amounts receivable for services (holding account)
The Office receives funding on an accrual basis that recognises the full annual cash and non-cash cost of services. The appropriations are paid partly in cash and partly as an asset (holding account receivable) that is accessible on the emergence of the cash funding requirement to cover leave entitlements and asset replacement
(m) Receivables
Receivables are recognised and carried at original invoice amount less an allowance for any uncollectible amounts (i.e. impairment). The collectability of receivables is reviewed on an ongoing basis and any receivables identified as uncollectible are written-off against the allowance account. The allowance for uncollectible amounts (doubtful debts) is raised when there is objective evidence that the Office will not be able to collect the debts. The carrying amount is equivalent to fair value as it is due for settlement within 30 days.
(n) Payables
Payables are recognised at the amount payable when the Office becomes obliged to make future payments as a result of a purchase of assets or services. The carrying amount is equivalent to fair value, as they are generally settled within 30 days.
(o) Amounts due to the Treasurer
The amount due to the Treasurer is in respect of a Treasurer’s Advance. Initial recognition and measurement, and subsequent measurement, is at the amount repayable. Although there is no interest charged, the amount repayable is equivalent to fair value as the period of the borrowing is for less than 12 months with the effect of discounting not being material.
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Final Report 1 July 2010 to 30 November 2010 19
(p) Provisions
Provisions are liabilities of uncertain timing or amount and are recognised where there is a present legal or constructive obligation as a result of a past event and when the outflow of resources embodying economic benefits is probable and a reliable estimate can be made of the amount of the obligation. Provisions are reviewed at the end of each reporting period.
Provisions - employee benefits
All annual leave and long service leave provisions are in respect of employee services up to the end of the reporting period.
Annual Leave
The liability for annual leave expected to be settled within 12 months after the reporting period is recognised and measured at the undiscounted amounts expected to be paid when the liabilities are settled.
Annual leave not expected to be settled within 12 months after the reporting period is recognised and measured at the present value of amounts expected to be paid when the liabilities are settled using the remuneration rate expected to apply at the time of settlement.
When assessing expected future payments consideration is given to expected future wage and salary levels including non-salary components such as employer superannuation contributions, as well as the experience of employee departures and period of service. The expected future payments are discounted using market yields at the end of the reporting period on national government bonds with terms to maturity that match, as closely as possible, the estimated future cash outflows.
The provision for annual leave is classified as a current liability as the Office does not have an unconditional right to the defer settlement of the liability for at least 12 months after the reporting period.
All annual leave and unconditional long service leave provisions are classified as current liabilities as the Office does not have an unconditional right to defer settlement of the liability for at least 12 months after the reporting period.
Long Service Leave
The liability for long service leave expected to be settled within 12 months after the reporting period is recognised and measured at the undiscounted amounts expected to be paid when the liabilities are settled.
Long service leave not expected to be settled more than 12 months after the reporting period is recognised and measured at the present value of amounts expected to be paid when the liabilities are settled using the remuneration rate expected to apply at the time of settlement.
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20 Office of the Public Sector Standards Commissioner
When assessing expected future payments consideration is given to expected future wage and salary levels including non-salary components such as employer superannuation contributions, as well as the experience of employee departures and period of service. The expected future payments are discounted using market yields at the end of the reporting period on national government bonds with terms to maturity that match, as closely as possible, the estimated future cash outflows.
Unconditional long service leave provisions are classified as current liabilities as the Office does not have an unconditional right to defer settlement of the liability for at least 12 months after the reporting period. Conditional long service leave provisions are classified as non-current liabilities because the Office has an unconditional right to defer the settlement of the liability until the employee has completed the requisite years of service.
Superannuation
The Government Employees Superannuation Board (GESB) in accordance with legislative requirements administers public sector superannuation arrangements in Western Australia.
Employees may contribute to the Pension Scheme, a defined benefit pension scheme closed to new members or the Gold State Superannuation Scheme (GSS), a defined benefit lump sum scheme closed to new members since 1995.
The Office has no liabilities under the Pension Scheme or the GSS. The liability for the unfunded Pension Scheme and the unfunded GSS transfer benefits attributable to members who transferred from the Pension Scheme, are assumed by the Treasurer. All other GSS obligations are funded by concurrent contributions made by the Office to the GESB. The concurrently funded part of the GSS is a defined contribution scheme as these contributions extinguish all liabilities in respect of the concurrently funded GSS obligations.
Employees commencing employment prior to 16 April 2007 who were not members of either the Pension or the GSS became non-contributory members of the West State Superannuation Scheme (WSS). Employees commencing employment on or after 16 April 2007 became members of the GESB Super Scheme (GESBS).
Both of these schemes are accumulation schemes. The Office makes concurrent contributions to GESB on behalf of employees in compliance with the Commonwealth Government’s Superannuation Guarantee (Administration) Act 1992. These contributions extinguish the liability for superannuation charges in respect of the WSS and GESBS.
The GESB makes all benefit payments in respect of the Pension Scheme and GSS, and is recouped from the Treasurer for the employer’s share.
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Final Report 1 July 2010 to 30 November 2010 21
Provisions - other
Employment on-costs
Employment on-costs, including workers’ compensation insurance, are not employee benefits and are recognised separately as liabilities and expenses when the employment to which they relate has occurred. Employment on-costs are included as part of ‘Other expenses’ and are not included as part of the Office’s ‘Employee benefits expense’. The related liability is included in ‘Employment on-costs provision’.
(q) Superannuation expense
The superannuation expense in the Statement of Comprehensive Income comprises of employer contributions paid to the GSS (concurrent contributions), the WSS, and the GESBS. The employer contribution paid to the GESB in respect of the GSS is paid back into the Consolidated Account by the GESB.
The GSS Scheme is a defined benefit scheme for the purpose of employees and whole-of-government reporting. However, it is a defined contribution plan for agency purposes because the concurrent contributions (defined contributions) made by the Office to GESB extinguishes the agency’s obligations to the related superannuation liability.
(r) Resources received free of charge or for nominal cost
Resources received free of charge or for nominal cost that can be reliably measured are recognised as income and as assets or expenses as appropriate, at fair value.
Where assets or services are received from another State Government agency, these are separately disclosed under Income from State Government in the Statement of Comprehensive Income.
(s) Comparative figures
Comparative figures are, where appropriate, reclassified to be comparable with the figures presented in the current financial year.
3. Judgements made by management in applying accounting policiesThe judgements that have been used in the process of applying accounting policies have had no material effect on amounts recognised in the financial statements.
4. Key sources of estimation uncertainty There were no estimates or assumptions made concerning the future, or other key sources of estimation uncertainty at the end of the reporting period that is likely to have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Disclosures and Legal Compliance
22 Office of the Public Sector Standards Commissioner
5. Disclosure of changes in accounting policy and estimatesInitial application of an Australian Accounting Standard
The Office has applied the following Australian Accounting Standards effective for annual reporting periods beginning on or after 1 July 2009 that impacted on the Office:
AASB 101 Presentation of Financial Statements (September 2007). This Standard has been revised and introduces a number of terminology changes as well as changes to the structure of the Statement of Changes in Equity and the Statement of Comprehensive Income. It is now a requirement that owner changes in equity be presented separately from non-owner changes in equity. There is no financial impact resulting from the application of this revised Standard.
AASB 2007-10 Further Amendments to Australian Accounting Standards arising from AASB 101. This Standard changes the term ‘general purpose financial report’ to ‘general purpose financial statements’, where appropriate in Australian Accounting Standards and the Framework to better align with IFRS terminology. There is no financial impact resulting from the application of this Standard.
AASB 2008-13 Amendments to Australian Accounting Standards arising from AASB Interpretation 17 – Distributions of Non-cash Assets to Owners [AASBs 5 & 110]. This Standard amends AASB 5 Non-current Assets Held for Sale and Discontinued Operations in respect of the classification, presentation and measurement of non-current assets held for distribution to owners in their capacity as owners. This may impact on the presentation and classification of Crown land held by the Department where the Crown land is to be sold by the Department of Regional Development and Lands (formerly Department for Planning and Infrastructure). There is no financial impact resulting from the Standard being first applied prospectively.
AASB 2009-2 Amendments to Australian Accounting Standards – Improving Disclosures about Financial Instruments [AASBs 4, 7, 1023 & 1038]. This Standard amends AASB 7 Financial Instruments: Disclosures and will require enhanced disclosures about fair value measurements and liquidity risk with respect to financial instruments. There is no financial impact resulting from the application of this Standard.
Disclosures and Legal Compliance
Final Report 1 July 2010 to 30 November 2010 23
Future impact of Australian Accounting Standards not yet operative
The Office cannot early adopt an Australian Accounting Standard unless specifically permitted by TI 1101 Application of Australian Accounting Standards and Other Pronouncements. Consequently, the Office has not applied early any of the following Australian Accounting Standards that have been issued that may impact the Office. Where applicable, the Office plans to apply these Australian Accounting Standards from their application date:
Operative for reporting periods
beginning on/after
AASB 2009-11 Amendments to Australian Accounting Standards arising from AASB 9 [AASB 1, 3, 4, 5, 7, 101, 102, 108, 112, 118, 121, 127, 128, 131, 132, 136, 139, 1023 & 1038 and Interpretations 10 & 12]. The amendment to AASB 7 requires modification to the disclosure of categories of financial assets. The Office does not expect any financial impact when the Standard is first applied. The disclosure of categories of financial assets in the notes will change.
1 Jan 2013
AASB 1053 Application of Tiers of Australian Accounting StandardsThis Standard establishes a differential financial reporting framework consisting of two tiers of reporting requirements for preparing general purpose financial statements.The Standard does not have any financial impact on the Office. However it may affect disclosures in the financial statements of the Office if the reduced disclosure requirements apply. DTF has not yet determined the application or the potential impact of the new Standard for agencies.
1 July 2013
Report on Performance
24 Office of the Public Sector Standards Commissioner
AASB 2010-2 Amendments to Australian Accounting Standards arising from Reduced Disclosure Requirements This Standard makes amendments to many Australian Accounting Standards, including Interpretations, to introduce reduced disclosure requirements into these pronouncements for application by certain types of entities.The Standard is not expected to have any financial impact on the Office. However this Standard may reduce some note disclosures in financial statements of the Office. DTF has not yet determined the application or the potential impact of the amendments to these Standards for agencies.
1 July 2013
Report on Performance
Final Report 1 July 2010 to 30 November 2010 25
Office of the Public Sector Standards Commissioner Statement of Comprehensive IncomeFor the period ended 30 November 2010
Note 2011 2010$ $
COST OF SERVICES
ExpensesEmployee benefits expense 6. 1,421,895 3,368,532 Supplies and services (a) 7. 183,359 1,167,521 Depreciation and amortisation expense 8. 30,376 63,585 Accomodation expenses 9. 163,601 488,100 Loss on disposal of non-current assets 10. - 290 Other expenses 11. 44,248 16,875 Total cost of services 1,843,479 5,104,903
Income
RevenueOther revenue 12. 2,613 364,636 Total income other than income from State Government
2,613 364,636
NET COST OF SERVICES 1,840,866 4,740,267
Income from State GovernmentService appropriation 13. 2,132,000 4,710,000 Resources received free of charge 13. 164,224 187,781 Total income from State Government 2,296,224 4,897,781
SURPLUS/(DEFICIT) FOR THE PERIOD 455,358 157,514
OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 455,358 157,514
Refer to the ‘Schedule of Income and Expenses by Service’.The Statement of Comprehensive Income should be read in conjunction with the accompanying notes.
Report on Performance
26 Office of the Public Sector Standards Commissioner
Statement of Financial PositionAs at 30 November 2010
Note 2011 2010$ $
ASSETSCurrent AssetsCash and cash equivalents 23. 700,312 481,281 Restricted cash and cash equivalents 14.,23. - 480,220 Receivables 15. 363,403 588,228 Amounts receivable for services 16. 72,000 143,000 Other current assets 17. - 1,097 Total Current Assets 1,135,715 1,693,826
Non-Current AssetsRestricted cash and cash equivalents 14,23. 55,224 55,224 Amounts receivable for services 16. 1,416,000 1,286,000 Plant and equipment 18. 224,618 254,994 Total Non-Current Assets 1,695,842 1,596,218 TOTAL ASSETS 2,831,557 3,290,044
LIABILITIESCurrent LiabilitiesPayables 19. 148,125 720,938 Amounts due to the Treasurer 20. - 500,000 Provisions 21. 462,142 451,870 Total Current Liabilities 610,267 1,672,808
Non-Current LiabilitiesProvisions 21. 399,068 250,372 Total Non-Current Liabilities 399,068 250,372
TOTAL LIABILITIES 1,009,335 1,923,180
NET ASSETS 1,822,222 1,366,864
EQUITYContributed Equity 22. 615,000 615,000 Accumulated surplus/(deficit) 22. 1,207,222 751,864 TOTAL EQUITY 1,822,222 1,366,864 Refer to the ‘Schedule of Assets and Liabilities by Service’. The Statement of Financial Position should be read in conjunction with the accompanying notes.
Report on Performance
Final Report 1 July 2010 to 30 November 2010 27
Statement of Changes in EquityFor the period ended 30 November 2010
Note Contributed equity
Reserves Accumulated surplus/(deficit)
Total equity
Balance at 1 July 2009 22. 615,000 - 594,350 1,209,350
Total comprehensive income for the year
- - 157,514 157,514
Balance at 30 June 2010 615,000 - 751,864 1,366,864
Balance at 1 July 2010 615,000 - 751,864 1,366,864
Total comprehensive income for the year
- - 455,358 455,358
Balance at 30 November 2010 615,000 - 1,207,222 1,822,222 The Statement of Changes in Equity should be read in conjunction with the accompanying notes.
Disclosures and Legal Compliance
28 Office of the Public Sector Standards Commissioner
Statement of Cash FlowsFor the period ended 30 November 2010
Note 2011 2010$ $
CASH FLOWS FROM STATE GOVERNMENTService appropriations 2,002,000 4,490,000 Holding account drawdowns 71,000 121,000 Net cash provided by State Government 2,073,000 4,611,000
Utilised as follows:CASH FLOWS FROM OPERATING ACTIVITIESPaymentsEmployee benefits (1,291,095) (3,615,629) Supplies and services (559,371) (647,333) Accommodation (163,601) (482,689) GST payments on purchases (51,525) (182,954) Other payments (44,248) (16,875)
ReceiptsUser charges and fees 162,131 502,726 GST receipts on sales 39,294 75,218 GST receipts from taxation authority 74,226 115,380 Net cash provided by/(used in) operating activities 23. (1,834,189) (4,252,156)
CASH FLOWS FROM INVESTING ACTIVITIESPurchase of non-current physical assets (a) - (34,251) Net cash provided by/(used in) investing activities
- (34,251)
CASH FLOWS FROM FINANCING ACTIVITIESRepayment of borrowings (500,000) - Net cash provided by/(used in) financing activities (500,000) -
Net increase/(decrease) in cash and cash equivalents
(261,189) 324,593
Cash and cash equivalents at the beginning of period 1,016,725 692,132 CASH AND CASH EQUIVALENTS AT THE END OF PERIOD
23. 755,536 1,016,725
The Statement of Cash Flow should be read in conjunction with the accompanying notes.
Disclosures and Legal Compliance
Final Report 1 July 2010 to 30 November 2010 29
Sche
dule
of I
ncom
e an
d Ex
pens
es B
y Se
rvic
eFo
r the
per
iod
ende
d 30
Nov
embe
r 201
0
Deve
lopm
ent a
nd
Mon
itorin
g of
Hum
an
Reso
urce
Sta
ndar
ds, E
thic
al
Code
s an
d Pu
blic
Inte
rest
Di
sclo
sure
Gui
delin
es
Adv
ice
and
Eval
uatio
n of
Eq
uity
and
D
iver
sity
in P
ublic
Em
ploy
men
t
Inde
pend
ent C
hief
Ex
ecut
ive
Offi
cer
Sele
ctio
n an
d R
eapp
oint
men
t A
dvic
e
Tota
l
2011 $
2010 $
2011 $
2010 $
2011 $
2010 $
2011 $
2010 $
CO
ST O
F SE
RVI
CES
Exp
ense
sE
mpl
oyee
ben
efits
exp
ense
947,
256
2,14
3,17
738
8,72
993
8,83
985
,910
286,
516
1,42
1,89
53,
368,
532
Sup
plie
s an
d se
rvic
es13
5,96
553
4,97
051
,564
145,
900
(4,1
70)
486,
651
183,
359
1,16
7,52
1D
epre
ciat
ion
and
amor
tisat
ion
expe
nse
17,6
1836
,879
6,68
313
,989
6,07
512
,717
30,3
7663
,585
Acc
omm
odat
ion
expe
nses
95,6
5429
1,39
235
,227
99,0
8832
,720
97,6
2016
3,60
148
8,10
0Lo
ss o
n di
spos
al o
f non
-cur
rent
ass
ets
- 16
8 -
64 -
58 -
290
Oth
er e
xpen
ses
(3,7
27)
14,1
29(9
95)
(797
)48
,970
3,54
344
,248
16,8
75To
tal c
ost o
f ser
vice
s1,
192,
766
3,02
0,71
548
1,20
81,
197,
083
169,
505
887,
105
1,84
3,47
95,
104,
903
Inco
me
Use
r cha
rges
and
fees
2,46
815
,067
145
2,15
50
347,
414
2,61
336
4,63
6To
tal i
ncom
e ot
her t
han
inco
me
from
St
ate
Gov
ernm
ent
2,46
815
,067
145
2,15
50
347,
414
2,61
336
4,63
6
NET
CO
ST O
F SE
RVI
CES
1,19
0,29
83,
005,
648
481,
063
1,19
4,92
816
9,50
553
9,69
11,
840,
866
4,74
0,26
7
Inco
me
from
Sta
te G
over
nmen
tS
ervi
ce a
ppro
pria
tion
1,25
1,08
02,
749,
400
454,
520
1,01
8,60
042
6,40
094
2,00
02,
132,
000
4,71
0,00
0R
esou
rces
rece
ived
free
of c
harg
e95
,250
108,
913
36,1
2941
,312
32,8
4537
,556
164,
224
187,
781
Tota
l inc
ome
from
Sta
te G
over
nmen
t1,
346,
330
2,85
8,31
349
0,64
91,
059,
912
459,
245
979,
556
2,29
6,22
44,
897,
781
SUR
PLU
S/D
EFIC
IT F
OR
TH
E PE
RIO
D15
6,03
2(1
47,3
35)
9,58
6(1
35,0
16)
289,
740
439,
865
455,
358
157,
514
Disclosures and Legal Compliance
30 Office of the Public Sector Standards Commissioner
Sche
dule
of A
sset
s an
d Li
abili
ties
by S
ervi
ceA
s at
30
Nov
embe
r 201
0
Dev
elop
men
t and
M
onito
ring
of
Hum
an R
esou
rce
Stan
dard
s, E
thic
al
Cod
es a
nd P
ublic
In
tere
st D
iscl
osur
e G
uide
lines
Adv
ice
and
Eval
uatio
n of
Eq
uity
and
D
iver
sity
in P
ublic
Em
ploy
men
t
Inde
pend
ent C
hief
Ex
ecut
ive
Offi
cer
Sele
ctio
n an
d R
eapp
oint
men
t Adv
ice
Gen
eral
- N
ot
Attr
ibut
edTo
tal
2011
2010
2011
2010
2011
2010
2011
2010
2011
2010
$$
$$
$$
$$
$$
Ass
ets
Cur
rent
ass
ets
202,
392
284,
458
95,8
0556
,266
97,4
7933
7,07
974
0,03
91,
016,
023
1,13
5,71
51,
693,
826
Non
-cur
rent
as
sets
1,04
5,34
997
2,01
230
4,63
729
9,07
133
9,85
631
9,13
56,
000
6,00
01,
695,
842
1,59
6,21
8
Tota
l ass
ets
1,24
7,74
11,
256,
470
400,
442
355,
338
437,
335
656,
214
746,
039
1,02
2,02
32,
831,
557
3,29
0,04
4
Liab
ilitie
sC
urre
nt li
abili
ties
356,
609
688,
974
122,
926
118,
939
73,7
9243
4,88
556
,940
430,
010
610,
267
1,67
2,80
8To
tal n
on-c
urre
nt
liabi
litie
s 2
11,5
55
137,
576
157,
436
89,1
4630
,077
23,6
50 -
- 39
9,06
825
0,37
2
Tota
l lia
bilit
ies
568,
164
826,
550
280,
362
208,
085
103,
869
458,
535
56,9
4043
0,01
01,
009,
335
1,92
3,18
0
NET
ASS
ETS
679,
577
429,
920
120,
080
147,
253
333,
466
197,
679
689,
099
592,
013
1,82
2,22
21,
366,
864
The
Sch
edul
e of
Ass
ets
and
Liab
ilitie
s by
Ser
vice
sho
uld
be re
ad in
con
junc
tion
with
the
acco
mpa
nyin
g no
tes.
Disclosures and Legal Compliance
Final Report 1 July 2010 to 30 November 2010 31
Sum
mar
y of
Con
solid
ated
Acc
ount
App
ropr
iatio
ns a
nd In
com
e Es
timat
esFo
r the
per
iod
ende
d 30
Nov
embe
r 201
020
11
Est
imat
e $
2011
A
ctua
l $
2011
A
ctua
l $
2010
A
ctua
l $
Var
ianc
e $
Var
ianc
e $
Del
iver
y S
ervi
ces
Item
8 N
et a
mou
nt a
ppro
pria
ted
to d
eliv
er s
ervi
ces
4,6
58,0
00
1,90
2,00
0 (2
,756
,000
)1,
902,
000
4,48
0,00
0(2
,578
,000
)A
mou
nt A
utho
rised
by
Oth
er S
tatu
tes
- S
alar
ies
and
Allo
wan
ces
Act
197
5 3
26,0
00
230,
000
(96,
000)
230,
000
230,
000
- To
tal a
ppro
pria
tions
pro
vide
d to
del
iver
ser
vice
s 4
,984
,000
2,
132,
000
(2,8
52,0
00)
2,13
2,00
04,
710,
000
(2,5
78,0
00)
GR
AN
D T
OTA
L 4
,984
,000
2,
132,
000
(2,8
52,0
00)
2,13
2,00
04,
710,
000
(2,5
78,0
00)
Det
ails
of E
xpen
ses
by S
ervi
ces
Dev
elop
men
t & m
onito
ring
of H
uman
Res
ourc
e S
tand
ards
, Eth
ical
Cod
es a
nd P
ublic
Inte
rest
Dis
clos
ure
3,4
39,0
00
1,1
92,7
66
(2,2
46,2
34)
1,1
92,7
66
3,0
20,7
15
(1,8
27,9
49)
Adv
ice
and
Eva
luat
ion
of E
quity
and
Div
ersi
ty in
Pub
lic
Em
ploy
men
t 1
,187
,000
4
81,2
08
(705
,792
) 4
81,2
08
1,1
97,0
83
(715
,875
)
Inde
pend
ent C
hief
Exe
cutiv
e O
ffice
r Sel
ectio
n an
d R
eapp
oint
men
t Adv
ice
737
,000
1
69,5
05
(567
,495
) 1
69,5
05
887
,105
(7
17,6
00)
Tota
l Cos
t of S
ervi
ces
5,3
63,0
00
1,8
43,4
79
(3,5
19,5
21)
1,8
43,4
79
5,1
04,9
03
(3,2
61,4
24)
Less
tota
l inc
ome
(313
,000
) (2
,613
)31
0,38
7 (2
,613
) (3
64,6
36)
362,
023
Net
Cos
t of S
ervi
ces
5,0
50,0
00
1,8
40,8
66
(3,2
09,1
34)
1,8
40,8
66
4,74
0,26
7(2
,899
,401
)A
djus
tmen
ts (6
6,00
0) 2
91,1
34
357,
134
291
,134
(3
0,26
7)32
1,40
1To
tal a
ppro
pria
tions
pro
vide
d to
del
iver
ser
vice
s 4
,984
,000
2,
132,
000
(2,8
52,0
00)
2,13
2,00
04,
710,
000
(2,5
78,0
00)
Cap
ital E
xpen
ditu
re
Pur
chas
e of
non
-cur
rent
phy
sica
l ass
ets
143
,000
-
(143
,000
) -
34,2
51(3
4,25
1)A
djus
tmen
ts fo
r oth
er fu
ndin
g so
urce
s (1
43,0
00)
- 14
3,00
0 -
(34,
251)
34,2
51C
apita
l app
ropr
iatio
ns -
- -
- -
- A
djus
tmen
ts c
ompr
ise
mov
emen
ts in
cas
h ba
lanc
es a
nd o
ther
acc
rual
item
s su
ch a
s re
ceiv
able
s, p
ayab
les
and
supe
rann
uatio
n.N
ote
27 ‘E
xpla
nato
ry s
tate
men
t’ pr
ovid
es d
etai
ls o
f any
sig
nific
ant v
aria
tions
bet
wee
n es
timat
es a
nd a
ctua
l res
ults
for 2
011
and
betw
een
the
actu
al re
sults
for 2
010
and
2011
.
Disclosures and Legal Compliance
32 Office of the Public Sector Standards Commissioner
6. Employee benefits expense2011 2010
$ $Wages and salaries(a) 1,252,874 3,084,751 Superannuation - defined contribution plans(b) 113,033 276,090 Other related expenses(d) 55,988 7,691
1,421,895 3,368,532
(a) Includes the value of the fringe benefit to the employee plus the fringe benefit tax component, leave entitlements including superannuation contribution component.(b) Defined contribution plans include West State, Gold State and GESB Super Scheme (contributions paid).
Employment on-costs such as workers’ compensation insurance are included at note 11 ‘Other Expenses’. The employment on-costs liability is included at note 21 ‘Provisions’.
7. Supplies and Services2011 2010
$ $Professional Services 99,831 875,570 Travel 973 10,681 Communications 28,405 56,683 Consumables 7,276 60,843 Lease, Rent and Hire Costs 19,445 76,778 General Administration Costs 27,429 86,966
183,359 1,167,521
8. Depreciation and amortisation expense2011 2010
$ $DepreciationCommunications 4,113 9,870 Computer hardware 6,037 7,351 Furniture fixtures and fittings 15,168 36,404 Office equipment 4,395 8,367 Plant and machinery 663 1,593 Total depreciation 30,376 63,585
Total depreciation and amortisation 30,376 63,585
Disclosures and Legal Compliance
Final Report 1 July 2010 to 30 November 2010 33
9. Accommodation expenses2011 2010
$ $Lease rentals 163,601 488,100
163,601 488,100
10. Net gain/loss on disposal of non-current asset2011 2010
$ $Cost of Disposal of Non-Current AssetsComputer hardware - 290 Net gain/(loss) - 290
11. Other expenses2011 2010
$ $Employment on-cost(a) 65 (4,125)Audit Fee (b) 21,900 21,000 Other miscellaneous expenses 22,283 -
44,248 16,875
(a) Includes workers’ compensation insurance and other employment on-costs. The on-costs liability associated with the recognition of annual and long service leave liability is included at note 21 ‘Provisions’. Superannuation contributions accrued as part of the provision for leave are employee benefits and are not included in employment on-costs.(b) Audit fee, see also note 30 ‘Remuneration of auditor’.
12. User charges and fees2011 2010
$ $Contribution by senior officers to the Government Vehicle Scheme
2,613 9,142
Recoup from CEO selections - 355,494 2,613 364,636
Disclosures and Legal Compliance
34 Office of the Public Sector Standards Commissioner
13. Income from State Government2011 2010
$ $Appropriation received during the year:Service appropriations(a) 2,132,000 4,710,000
2,132,000 4,710,000
Resources received free of charge (b) Determined on the basis of the following estimates provided by agencies:Department of Premier and Cabinet 35,549 85,317 Public Sector Commission (accomodation) 128,675 97,053 DTF - Building Management Works - 5,411
164,224 187,781
2,296,224 4,897,781
(a) Service appropriations are accrual amounts reflecting the net cost of services delivered. The appropriation revenue comprises a cash component and a receivable (asset). The receivable (holding account) comprises the depreciation expense for the year and any agreed increase in leave liability during the year.(b) Discretionary transfers of assets between State Government agencies are reported as assets assumed/(transferred) under Income from State Government. Non discretionary non-reciprocal transfers of net assets (ie.restructuring of administrative arrangements) have been classified as Contribution by Owners (CBOs) under TI 955 and are taken directly to equity.
14. Restricted cash and cash equivalents2011 2010
$ $CurrentOperating Trust account at Treasury (a)CEO Selection - 480,220
- 480,220
Non-currentAccrued salaries suspense account (b) 55,224 55,224
55,224 55,224
(a) Cash held in the account is to be used only for the purposes of CEO Selection(b) Amounts held in the suspense account are only to be used for the purpose of meeting the 27th pay in a financial year that occurs every 11 years.
Disclosures and Legal Compliance
Final Report 1 July 2010 to 30 November 2010 35
15. Receivables2011 2010
$ $CurrentReceivables 232,831 197,855 Accrued revenue 107,799 328,965 GST receivable 22,773 61,408 Total current 363,403 588,228
There were no allowances made in the current period for the impairment of receivables (2009/10: nil)
The Office does not hold any collateral as security or other credit enhancements relating to receivables.See also note 2 (m) ‘Receivables’ and note 28 ‘Financial Instruments’.
16. Amounts receivable for services(Holding Account)2011 2010
$ $Current 72,000 143,000Non-Current 1,416,000 1,286,000
1,488,000 1,429,000
Represents the non-cash component of service appropriations. It is restricted in that it can only be used for asset replacement or payment of leave liability. See note 2 (l) ‘Amounts receivable for services (holding account)’.
17. Other assets2011 2010
$ $CurrentPrepayments - 1,097Total current - 1,097
Disclosures and Legal Compliance
36 Office of the Public Sector Standards Commissioner
18. Plant and equipment2011
$2010
$Communications
At cost 49,350 117,688 Accumulated depreciation (16,450) (80,675)
32,900 37,013
Computer HardwareAt cost 165,111 171,813 Accumulated depreciation (138,472) (139,137)
26,639 32,676
Furniture fixtures and fittingsAt cost 395,084 395,084 Accumulated depreciation (257,986) (242,818)
137,098 152,266
Office equipmentAt cost 69,940 84,817 Accumulated depreciation (51,383) (61,865)
18,557 22,952
Plant and machineryAt cost 15,780 15,780 Accumulated depreciation (6,356) (5,693)
9,424 10,087
224,618 254,994
Reconciliations of the carrying amounts of plant and equipment at the beginning and end of the reporting period are set out in the table below:
Disclosures and Legal Compliance
Final Report 1 July 2010 to 30 November 2010 37
19. Payables2011 2010
$ $CurrentTrade payables 1,848 63,769 Accrued expenses 107,914 549,388 Accrued salaries 20,929 49,097Other payables 17,434 58,684Total current 148,125 720,938
See also note 2 (n) ‘Payables’ and note 28 ‘Financial Instruments’.
20. Amounts due to the Treasurer2011 2010
$ $CurrentAmount due to the Treasurer - 500,000
- 500,000
See also note 28 ‘Financial Instruments’.
21. Provisions2011 2010
$ $CurrentEmployee benefits provisionAnnual leave(a) 256,720 178,538Long service leave(b) 205,213 273,123
461,933 451,661
Other provisionsEmployment on-costs(c) 209 209
209 209 462,142 451,870
Non-current Employee benefits provisionLong service leave(b) 398,886 250,255
398,886 250,255
Other provisionsEmployment on-costs(c) 182 117
182 117 399,068 250,372
Disclosures and Legal Compliance
38 Office of the Public Sector Standards Commissioner
(a) Annual leave liabilities have been classified as current as there is no unconditional right to defer settlement for at least 12 months after the reporting period. Assessments indicate that actual settlement of the liabilities will occur as follows:
2011 2010$ $
Within 12 months of the end of the reporting period 191,044 132,863More than 12 months after the reporting period 65,676 45,675
256,720 178,538
(b) Long service leave liabilities have been classified as current where there is no unconditional right to defer settlement for at least 12 months after the reporting period. Assessments indicate that actual settlement of the liabilities will occur as follows:
2011 2010$ $
Within 12 months of the end of the reporting period 133,930 116,034More than 12 months after the reporting period 470,169 407,344
604,099 523,378
(c) The settlement of annual and long service leave liabilities gives rise to the payment of employment on-costs including worker’s compensation insurance. The provision is the present value of expected future payments. The associated expense, apart from the unwinding of the discount (finance cost), is disclosed in note 11 ‘Other expenses’.
Movement in other provisions2011 2010
$ $Movements in each class of provisions during the reporting period, other than employee benefits, are set out below.
Employment on-cost provisionCarrying amount at start of year 326 4,454 Additional provisions recognised 65 (4,128)Carrying amount at end of the period 391 326
Disclosures and Legal Compliance
Final Report 1 July 2010 to 30 November 2010 39
22. Equity
Equity represents the residual interest in the net assets of the Office. The Government holds the equity interest in the Office on behalf of the community. The asset revaluation surplus represents that portion of equity resulting from the revaluation of non-current assets.
Contributed equity2011 2010
$ $Balance at the start of period 615,000 615,000 Total contributions by owners 615,000 615,000
BALANCE AT THE END OF PERIOD 615,000 615,000
(a) Under Treasurer’s Instruction TI 955 ‘Contribution by Owners Made to Wholly Owned Public Sector Entities’ Capital Contribution (appropriations) have been designated as contribution by owners in accordance with AASB Interpretation 1038 ‘Contribution by Owners Made to Wholly-Owned Public Sector Entites’.
Accumulated surplus/(deficit) 2011 2010$ $
Balance at start of the year 751,864 594,350 Result for the period 455,358 157,514Balance at the end of the period 1,207,222 751,864
23. Notes to the Statement of Cash Flows
Reconciliation of cashCash at the end of the reporting period as shown in the Statement of Cash Flows is reconciled to the related items in the Statement of Financial Position as follows:
2011 2010$ $
Cash and cash equivalents 700,312 481,281Restricted cash and cash equivalents (refer to note 14) - 480,220Restricted cash and cash equivalents (refer to note 14) 55,224 55,224
755,536 1,016,725
Disclosures and Legal Compliance
40 Office of the Public Sector Standards Commissioner
Reconciliation of net cost of services to net cash flows provided by/(used in) operating activities
2011 2010$ $
Net cost of services (1,840,866) (4,740,267)
Non-cash items:Depreciation and amortisation expense 30,376 63,585 Resources received free of charge 164,224 187,781Net (gain)/loss on sale of plant and equipment
(Increase)/decrease in assets:Current receivables(a) 186,190 100,998Other current assets 1,097 4,067
Increase/(decrease) in liabilities:Current payables(a) (483,049) 372,066Current provisions 10,272 (185,126)Non-current provisions 148,696 (75,006)
Net GST receipts/(payments)(b) (61,995) (7,644)Change in GST in receivables/payables(c) 10,866 27,391Net cash provided by/(used in) operating activities
(1,834,189) (4,252,156)
(1,834,189.00) (4,252,155.71) (a) Note that the Australian Taxation Office (ATO) receivable/payable in respect of GST and the receivable/payable in respect of the sale/purchase of non-current assets are not included in these items as they do not form part of the reconciling items. (b) This is the net GST paid/received, i.e cash transactions. (c) This reverses out the GST in receivables and payables.
At the end of the reporting period, the Office has fully drawn on all financing facilities, details of which are disclosed in the financial statements.
Disclosures and Legal Compliance
Final Report 1 July 2010 to 30 November 2010 41
24. Commitments
Lease commitments2011 2010
$ $Commitments in relation to leases contracted for at the end of the reporting period but not recognised in the financial statements are payable as follows:Within 1 year 372,141 362,886 Later than 1 year and not later than 5 years 26,459 357,256
398,600 720,142Representing:Non-cancellable operating leases 398,600 720,142
398,600 720,142
Non-cancellable operating leases commitments2011 2010
$ $Commitments for minimum lease payments are payable as follows:Within 1 year 372,141 362,886 Later than 1 year and not later than 5 years 26,459 357,256
398,600 720,142
The property lease is a non-cancellable lease with a five year term, which rent payable monthly in advance. Contingent rent provision within the lease agreement require that the minimum lease payments shall be increased by the lower of CPI or 4% per annum. An option exists to renew the lease at the end if the five year term for an additional term of five years.
25. Contingent liabilities and contingent assets
Contingent liabilitiesThe Office has no contingent liabilities.
Contingent assetsThe Office has no contingent assets.
Disclosures and Legal Compliance
42 Office of the Public Sector Standards Commissioner
26. Event occurring after the end of the reporting period
The Office of the Public Sector Standards Commissioner is to merge with Public Sector Commission during the financial year 2010-11.Financial transactions and commitments in relation to the Office of the Public Sector Standards Commissioner after the reporting date will be accounted for in the Public Sector Commission Financial Statements.
27. Explanatory Statement
Significant variations between estimates and actual results for income and expense as presented in the financial statement titled ‘Summary of Consolidated Account Appropriation and Income Estimates’ are shown below. Significant variations are considered to be those greater than 10% or $498,400
Total appropriations provided to deliver services
Significant variances between estimate and actual for 2011Although there was no significant variance in the total appropriation, there were significant offsetting variances in the following services expenditure
2011 2011Estimate Actual Variance
$ $ $
Development and Monitoring of Human Resource Standards, Ethical Codes and Public Interest Disclosure Guidelines
3,439,000 1,192,766 (2,246,234)
Advice and Evaluation of Equity and Diversity in Public Employment
1,187,000 481,208 (705,792)
Independent CEO Selection and Reappointment Advice
737,000 169,505 (567,495)
Explanation of VarianceThe decrease in 2011 actuals is due to the Office’s merge with the Public Sector Commission, and the closure of the office from 1 December 2010. The actuals for 2011 is only for the period 1 July to 30 November. The estimate represents a full year forecast.
Disclosures and Legal Compliance
Final Report 1 July 2010 to 30 November 2010 43
Significant variances between actual results for 2010 and 2011Although there was no significant variance in the total appropriation, there were significant offsetting variances in the following services expenditure
2011 2010 Variance$ $ $
Total appropriation provided to deliver services for the year
2,132,000 4,710,000 2,578,000
Total income
2,613 364,636 362,023
Explanation of VarianceThe 2011 Actuals is for the period 01 July to 30 November comapared to the full year appropriations in 2010.
Service expenditure
Significant variances between actual results for 2010 and 2011
2011 2010 Variance$ $ $
Development and Monitoring of Human Resource Standards, Ethical Codes and Public Interest Disclosure Guidelines
1,192,766 3,020,715 1,827,949
Advice and Evaluation of Equity and Diversity in Public Employment
481,208 1,197,083 715,875
Independent CEO Selection and Reappointment Advice
169,505 887,105 717,600
Explanation of VarianceThe decrease in 2011 is due to the Office’s merge with the Public Sector Commission, and the closure of the office from 1 December 2010. In 2011 the reporting period was from the 1 July to 30 November, compared to full year expenditure in 2010.
Disclosures and Legal Compliance
44 Office of the Public Sector Standards Commissioner
28. Financial instruments(a) Financial risk management objectives and policiesFinancial Instruments held by the Office are cash and cash equivalents, restricted cash and cash equivalents, Treasurer’s Advances, receivables and payables. The Office has limited exposure to financial risks. The Office’s overall risk management program focuses on managing the risks identified below.
Credit riskCredit risk arises when there is the possibility of the Office’s receivables defaulting on their contractual obligations resulting in financial loss to the Office.
The maximum exposure to credit risk at the end of the reporting period in relation to each class of recognised financial assets is the gross carrying amount of those assets inclusive of any provisions for impairment as shown in the table at note 28(c) ‘Financial instruments disclosures’ and note 15 ‘Receivables’.
Credit risk associated with the Office’s financial assets is minimal because the main receivable is the amounts receivables for services (holding accounts). For receivables other than government, the Office trades only with recognised, creditworthy third parties. The Office has policies in place to ensure that sales of products and services are made to customers with an appropriate credit history. In addition, receivable balances are monitored on a ongoing basis with the result that the Office’s exposure to bad debts is minimal. At the end of the reporting period there were no significant concentrations of credit risk.
Liquidity riskLiquidity risk arises when the Office is unable to meet its financial obligations as they fall due. The Office is exposed to liquidity risk through its trading in the normal course of business.
The Office has appropriate procedures to manage cash flows including drawdowns of appropriations by monitoring forecast cash flows to ensure that sufficient funds are available to meet its commitments.
Market riskMarket risk is the risk that changes in market prices such as foreign exchange rates and interest rates will affect the Office’s income or the value of its holdings of financial instruments. The Office does not trade in foreign currency and is not materially exposed to other price risks. The Office’s exposure to market risk for changes in interest rates relate primarily to the long-term debt obligations.
Disclosures and Legal Compliance
Final Report 1 July 2010 to 30 November 2010 45
(b) Categories of financial instrumentsIn addition to cash, the carrying amounts of each of the following categories of financial assets and financial liabilities at the end of the reporting period are as follows:
2011 2010$ $
Financial AssetsCash and cash equivalents 700,312 481,281Restricted cash and cash equivalents 55,224 535,444Receivables(a) 1,720,831 1,626,855
Financial LiabilitiesFinancial liabilities measured at amortised cost 148,125 1,220,938
(a) The amount of receivables excludes GST recoverable from the ATO (statutory receivable).
Disclosures and Legal Compliance
46 Office of the Public Sector Standards Commissioner
(c) F
inan
cial
Inst
rum
ent d
iscl
osur
esC
redi
t risk
and
inte
rest
rate
exp
osur
esTh
e fo
llow
ing
tabl
e di
sclo
ses
the
Offi
ce’s
max
imum
exp
osur
e to
cre
dit r
isk, in
tere
st ra
te e
xpos
ures
and
the
agei
ng a
nalys
is of
fina
ncia
l ass
ets.
The
Offi
ce’s
max
imum
exp
osur
e to
cre
dit r
isk a
t the
end
of t
he re
porti
ng p
eiod
is th
e ca
rryin
g am
ount
of fi
nanc
ial a
sset
s as
sho
wn
belo
w. T
he ta
ble
disc
lose
s th
e ag
eing
of
finan
cial a
sset
s th
at a
re p
ast d
ue b
ut n
ot im
paire
d an
d im
paire
d fin
ancia
l ass
ets.
The
tabl
e is
base
d on
info
rmat
ion
prov
ided
to s
enio
r man
agem
ent o
f the
Offi
ce.
The
Offi
ce d
oes
not h
old
any
colla
tera
l as
secu
rity
or o
ther
cre
dit e
nhan
cem
ents
rela
ting
to th
e fin
ancia
l ass
ets
it hol
ds.
The
Offi
ce d
oes
not h
old
any
finan
cial a
sset
s th
at h
ad to
hav
e th
eir t
erm
s re
nego
tiate
d th
at w
ould
hav
e ot
herw
ise re
sulte
d in
them
bei
ng p
ast d
ue o
r im
paire
d.
Inte
rest
rate
exp
osur
es a
nd a
gein
g an
alys
is o
f fina
ncia
l ass
ets (a
)
Inte
rest
rate
exp
osur
eP
ast d
ue b
ut n
ot
impa
ired
Wei
ghte
dAv
erag
eE
ffect
ive
Inte
rest
rate
Car
ryin
g A
mou
ntFi
xed
inte
rest
ra
te
Varia
ble
inte
rest
rate
Non
-in
tere
st
bear
ing
Up
to 3
mon
ths
3 -
12
mon
ths
1-2
Year
s2-
5Ye
ars
Mor
eth
an 5
Year
s
Impa
ired
finan
cial
asse
ts
%$
$$
$$
$$
$$
$
Fina
ncia
l Ass
ets
4.95
%20
11C
ash
and
cash
equ
ival
ents
700,
312
--
700,
312
--
--
--
Res
trict
ed c
ash
and
cash
equ
ival
ents
55,2
24-
-55
,224
--
--
--
Rec
eiva
bles
(a)
340,
630
--
340,
630
208,
118
23,3
04-
--
-A
mou
nt re
ceiv
able
for s
ervi
ce1,
488,
000
--
1,48
8,00
0-
--
--
2,58
4,16
6-
-2,
584,
166
208,
118
23,3
04-
--
-20
10C
ash
and
cash
equ
ival
ents
481,
281
--
481,
281
--
--
--
Res
trict
ed c
ash
and
cash
equ
ival
ents
535,
444
--
535,
444
--
--
--
Rec
eiva
bles
(a)
526,
820
--
526,
820
38,4
76-
9,01
8-
--
Am
ount
rece
ivab
le fo
r ser
vice
1,42
9,00
0-
-1,
429,
000
--
--
--
2,97
2,54
5-
-2,
972,
545
38,4
76-
9,01
8-
--
(a) T
he a
mou
nt o
f rec
eiva
bles
exc
lude
s th
e G
ST
reco
vera
ble
from
the
ATO
(sta
tuto
ry re
ceiv
able
).
Disclosures and Legal Compliance
Final Report 1 July 2010 to 30 November 2010 47
Liqu
idity
risk
The
follo
win
g ta
ble
deta
ils th
e co
ntra
ctua
l mat
urity
ana
lysis
for fi
nanc
ial li
abilit
ies.
The
con
tract
ual m
atur
ity a
mou
nts
are
repr
esen
tativ
e of
the
undi
scou
nted
am
ount
s at
the
end
of th
e re
porti
ng p
erio
d. T
he ta
ble
inclu
des
inte
rest
and
prin
cipal
cas
h flo
ws.
An
adju
stm
ent h
as b
een
mad
e w
here
m
ater
ial.
Inte
rest
rate
exp
osur
e an
d m
atur
ity a
naly
sis
of fi
nanc
ial l
iabi
litie
sIn
tere
st ra
te e
xpos
ure
Mat
urity
dat
es
Wei
ghte
d Av
erag
e E
ffect
ive
Inte
rest
R
ate
Car
ryin
g A
mou
ntFi
xed
inte
rest
rate
Varia
ble
inte
rest
rate
Non
-in
tere
st
bear
ing
Adj
ustm
ent
for
disc
ount
ing
Tota
l N
omin
alAm
ount
Up
to 3
mon
ths
3 - 1
2m
onth
s1
- 2ye
ars
2 - 5
year
sM
ore
than 5
year
s
%$
$$
$$
$$
$$
$$
Fina
ncia
l Lia
bilit
ies
4.95
%20
11P
ayab
les
148,
125
--
148,
125
--
148,
125
--
--
148,
125
--
148,
125
--
148,
125
--
--
2010
Pay
able
s72
0,93
8-
-72
0,93
8-
-72
0,93
8-
--
-A
mou
nts
due
to th
e Tr
easu
rer
500,
000
--
500,
000
--
-50
0,00
0-
--
1,22
0,93
8-
-1,
220,
938
--
720,
938
500,
000
--
-
The
amou
nt d
iscl
osed
are
the
cont
ract
ual u
ndis
coun
ted
cash
flow
s of
eac
h cl
ass
of fi
nanc
ial l
iabi
litie
s.
Inte
rest
rate
sen
sitiv
ity a
naly
sis
Non
e of
the
Offi
ce’s
fina
ncia
l ass
ets
and
liabi
litie
s at
the
end
of re
porti
ng d
ate
date
are
sen
sitiv
e to
mov
emen
ts in
inte
rest
rate
s, h
ence
m
ovem
ents
in in
tere
st ra
tes
have
no
botto
m li
ne im
pact
on
the
Offi
ce’s
sur
plus
or e
quity
.
Fair
valu
esA
ll fin
anci
al a
sset
s an
d lia
bilit
ies
reco
gnis
ed in
the
Sta
tem
ent o
f Fin
anci
al P
ositi
on, w
heth
er th
ey a
re c
arrie
d at
cos
t or f
air v
alue
, are
re
cogn
ised
at a
mou
nts
that
repr
esen
t a re
ason
able
app
roxi
mat
ion
of fa
ir va
lue
unle
ss o
ther
wis
e st
ated
in th
e ap
plic
able
not
es.
Disclosures and Legal Compliance
48 Office of the Public Sector Standards Commissioner
29. Remuneration of senior officers
The number of senior officers whose total fees, salaries, superannuation, non-monetary benefits and other benefits for the financial year fall within the following bands are:
2011 2010
$ $ $0 - 10,000 2 -40,001 - 50,000 2 -50,001 - 60,000 2 160,001 - 70,000 1 -80,001 - 90,000 - 1140,001 - 150,000 - 2150,001 - 160,000 - 1
Total remuneration of senior officers 275,217 581,421
The total remuneration includes the superannuation expense incurred by the Office in respect of senior officers.
30. Remuneration of auditor
Remuneration payable to the Auditor General in respect of the audit for the current financial year is as follows:
2011 2010$ $
Auditing the accounts, financial statements and performance indicators 21,900 21,900
31. Related bodiesThe Office had no related bodies during the reporting period.
32. Affiliated bodiesThe Office had no affiliated bodies during the reporting period.
Disclosures and Legal Compliance
Final Report 1 July 2010 to 30 November 2010 49
33. Supplementary financial information
(a) Write-offsThere were no write-off during the reporting period
(b) Losses through theft, defaults and other causesThere were no loses of public money and public and other property during the reporting period.
(c) Gifts of public propertyThere were no gifts of public property provided by the Office during the reporting period.