Realising the Benefits of Smart Meters
Body
This audit examined the extent to which deficiencies in the Advanced Metering Infrastructure program have been addressed and whether benefits for consumers are being realised.
Appendix C. 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 the Department of Economic Development, Jobs, Transport & Resources.
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.
Appendix B. Election commitments
Figure B1 provides the election commitments that were funded through the Regional Growth Fund, and Figure B2 provides the election commitments that are planned to be funded through the Regional Jobs and Infrastructure Fund.
Figure B1
Regional Growth Fund programs
Election commitment |
Amount committed |
|---|
Appendix A. Acronyms
ANAO |
Australian National Audit Office |
BSRP |
Building Stronger Regions Program |
DSRP |
Developing Stronger Regions Program |
EFR |
Energy for the Regions |
EIP |
Economic Infrastructure Program |
GEMS |
Global Engagement Management System |
3 Outcomes of the Regional Growth Fund
At a glance
Background
The Regional Growth Fund (RGF) provided funding of around $570 million to more than 1 800 projects over four years. The RGF aimed to drive economic development, improve career opportunities, create jobs, support sustainability and increase the capacity of regional communities.
2 Design and implementation of the Regional Growth Fund
At a glance
Background
The Regional Growth Fund (RGF) aimed to drive employment and economic growth, and strengthen the economic, social and environmental base of regional communities. Effective design and implementation is essential for delivering a large grant-based initiative of this kind. Funding processes and assessments should be transparent and equitable and there should be robust monitoring, reporting and evaluation.
1 Background
1.1 Regional development
1.1.1 Introduction
Regional Victoria is an integral part of Victoria's economy. Approximately a quarter of Victorians live in regional areas where the population is projected to grow from 1.48 million to 2.91 million by 2036. The regional economy contributed $66.9 billion to the state economy in 2013–14, around 19.6 per cent. It also provided 21 per cent of the state's employment.
Auditor-General's comments
 John Doyle Auditor-General |
Audit team Andrew Evans—Engagement Leader Sheraz Siddiqui—Team Leader Simon Ho—Analyst Engagement Quality Control Reviewer Kyley Daykin |
Regional Growth Fund: Outcomes and Learnings: Message
Ordered to be published
VICTORIAN GOVERNMENT PRINTER September 2015
PP No 91, Session 2014–15
Regional Growth Fund: Outcomes and Learnings
Body
The objective of this audit was to assess the effectiveness, efficiency and economy of the Regional Growth Fund. This included assessing the achievement of the intended outcomes and whether the lessons learned from the Regional Growth Fund have been applied to the planning and implementation of the Regional Jobs Infrastructure Fund.