Managing Regulator Performance in the Health Portfolio: Message
Ordered to be published
VICTORIAN GOVERNMENT PRINTER March 2015
PP No 23, Session 2014–15
Managing Regulator Performance in the Health Portfolio
Body
The focus of this audit was on regulation in the health portfolio, examining how effectively and efficiently a sample of small but important health regulators, DHHS and DTF are working to improve regulatory performance.
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 E. Public private partnerships
Figure E1
Public private partnerships
Public private Partnership |
Responsible agency |
Description |
|---|---|---|
Barwon Water Biosolids Management |
Barwon Region Water Corporation and the Department of Environment and Primary Industries |
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.
Appendix C. Audit status
Parliament
Entity |
Reporting framework |
Audit opinions |
Finalised within statutory time frame | |||
|---|---|---|---|---|---|---|
Appendix B. Financial sustainability indicators
Financial sustainability indicators
The indicators used in the financial sustainability analysis—Part 3—are shown in Figure B1.
Figure B1
Four core indicators of financial sustainability
|
Indicator |
Formula |
Description |
|---|---|---|
|
Underlying result (%) |
Appendix A. VAGO reports on the results of audits
Figure A1
VAGO reports on the results of the 2013–14 financial audits
Report |
Description |
|---|---|
Information and Communication Technology Controls Report 2013–14 |
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.