Victorian Auditor-General's Office

Appendix F. Audit Act 1994 section 16—submissions and comments

Introduction

In accordance with section 16(3) of the Audit Act 1994, a copy of this report, or part of this report, was provided to all portfolio departments and named agencies with a request for submissions or comments.

The submissions and comments provided are not subject to audit nor the evidentiary standards required to reach an audit conclusion. Responsibility for the accuracy, fairness and balance of those comments rests solely with the agency head.

Responses were received as follows:

Appendix D. Glossary

Accountability

Responsibility on public sector entities to achieve their objectives, with regard to reliability of financial reporting, effectiveness and efficiency of operations, compliance with applicable laws, and reporting to interested parties.

Amortisation

The systematic allocation of the depreciable amount of an intangible asset over its expected useful life.

9 Public private partnerships

At a glance

Background

This Part reviews the delivery of, and accounting for, public private partnerships (PPPs). It also analyses and comments on the total cost of PPPs to the state, and provides additional comment on three PPPs.

Conclusion

At 30 June 2014, 21 facilities in Victoria were operating or being built under a PPP arrangement. The total nominal cost of these PPPs over the remaining life of the contracts was $36.6 billion, payable over the period to 2041–42.

8 Significant projects

At a glance

Background

This Part details the progress of significant projects underway at 30 June 2014.

Conclusion

With the exception of Western Highway upgrades, the significant projects reviewed are progressing on time and within budget as at 30 June 2014.

7 Alpine resorts

At a glance

Background

This Part analyses the financial results and financial sustainability risk of the five Victorian alpine resorts for the five years ended 31 October 2013.

The financial statements of the majority of alpine resorts for the year-ended 31 October 2014 were not complete at the time of preparing this report.

6 Infringements

At a glance

Background

Infringement notices are issued by enforcement agencies—such as Victoria Police—to persons who have committed an offence. In 2013–14, 3.1 million fines were issued for mobile and fixed traffic camera offences, tollway offences and 'on-the-spot' offences compared with 3.5 million in 2012–13. Fines can be cancelled, withdrawn or written off under certain circumstances.

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