Statement of Receipts and Payments of the Consolidated Fund and ...

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TABLE B.7 CONTINGENT LIABILITY IN RESPECT OF GUARANTEES AND INDEMNITIES PROVIDED BY THE GOVERNMENT Outstanding Balances in Relation to Guarantees and Indemnities State Instrumentalities - * Alpine Resorts Commission * Country Fire Authority Director of Housing Flexible Tariff Management Unit Trust (State Trust Corporation as trustee for) * Gas and Fuel Corporation of Victoria * Geelong and District Water Board * Geelong Regional Commission Government Employee Housing Authority * Grain Elevators Board (b) Home Opportunity Loans Scheme Institute of Educational Administration LaTrobe Regional Commission Melbourne Water (c) * Melbourne Wholesale Fruit and Vegetable Market Trust * Metropolitan Fire Brigades Board * Port of Geelong Authority * Port of Melbourne Authority * Port of Portland Authority Public Transport Corporation * Rural Water Commission * State Electricity Commission of Victoria Urban Land Authority (Major Projects Unit) Victorian Accident Rehabilitation Council Victorian Building Societies Liquidity Support Scheme Victorian Dairy Industry Authority Victorian Egg Marketing Board Victorian Tourism Commission * Zoological Board of Victoria State Fmancial Institutions - * Emergency Services Superannuation Scheme * Rural Finance Corporation State Bank (subsequent to merger) Tricontinental and Subsidiaries (b) Other State Bodies - * State Insurance Office (d) Victorian Equity Trust Victorian Public Authorities Finance Agency (e) 193 Comingem Liability as at 30 June 1991 ($'000) 657 35 346 124 900 135 991 734 242 127 036 20 467 21 000 76 442 754 360 788 3 846 3 634 024 8 340 31 967 450 247 918 27154 5 326 126 379 8 370 748 31 900 I 560 149 592 104 466 738 1 284 14 673 025 226 320 288 768 5900000 2 925 921 9 341 009 289 739 710 000 1 489 861 2 489 600 Comingem Liability as at 30 June 1992 (prelim.) ($•000) 9 435 32 627 107 700 282 911 695 290 143 000 15 513 25 517 78 692 922 500 285 2 082 4 002 772 7 493 31 031 451 282 739 27 074 5 500 125 829 8 748 214 37 100 1 560 38 414 784 2 274 15 588 825 196 862 221 571 963 109 2 407 140 3 788 683 275 300 1 151 363 1 426 663
TABLE B.7 (Cont.) CONTINGENT LIABILITY IN RESPECT OF GUARANTEES AND INDEMNITIES PROVIDED BY THE GOVERNMENT Outstanding Balances in Relation to Guarantees and Indemnities Other Organisations - Accelerated Infrastructure Program Commonwealth Bank Indemnity/Farrow (0 Co-operative Housing Societies Guarantees Co-operative Housing Societies Indemnities (g) Co-operatives (General) Education Hospitals and other Medical Institutions Industry Assistance Recreation and Tourism Others Qi) Contingent Liability as at 30 June 1991 ($•000) 368 656 422 136 35 425 9 849 57 668 193 030 4 290 181 153 425 715 Comingem Liability as at 30 June 1992 (preliminary) ($'000} 102 500 304 402 433 621 37 828 10 133 19 591 161 082 15 360 282 718 383 561 / 697 922 1 750 797 TOTAL 28 201 556 22 554 968 Note: The material above has been compiled from a debt survey and information supplied by lenders and other parties and is subject to audit. Totals may not add due to rounding. (a) Liabilities marked with * have statutory guarantees automatically provided for in their respective enabling legislation. Liabilities of private organisations and the remaining public instrumentalities have specific guaranlee.s executed by the Treasurer. It should be noted that specific guarantees are generally provided as secondary securities. This requires [he lenders to execute all means available to exhaust their claims against the borrowers in respect of primary securities held prior to claiming the government guarantee. (b) The Grain Elevators Board and Tricontinental have both statutory and specific guarantees. (c) Melbourne Water includes their defeasance trust which is fully supported by asset backing. (d) Every policy, contract or arrangement of insurance made by the State Insurance Office is guaranteed by the Government of Victoria. There has never been a call on the Consolidated Fund to meet any contract of insurance under this guarantee. The amount reported as at 30 June 1992 are the contingent liabilities of the SIO which if called may require the support of Government. These contingent liabilities have been retained by the Stale Insurance Office following the sale of the name and the businesses of the SIO. (e) Liabilities of Victorian Public Authorities Finance Agency exclude funds provided to organisations with the benefit of a Government guarantee, to avoid double counting. (f) The Commonwealth Bank of Australia (Successor at law to State Bank Victoria) in relation to the August 1990 payment to depositors in the Farrow Group of Building Societies. (g) The Treasurer has indemnified general guaranteed housing co-operatives for that proportion of a loan in excess of a certain valuation of the residential property. (h) Includes Aluvic as trustee for the Portland Smelter Unit Trust. 194
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•^ .,^^^ ^ Victoria Finance State
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The Honourable the Speaker Legislat
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VICTORIA HNANCE STATEMENT 1991-92 P
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1. INTRODUCTION EXPLANATORY NOTES T
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meet urgent claims may also be prov
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TABLE A,2 BALANCING THE CONSOLIDATE
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Pay-roll Tax Receipts from Pay-roll
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Offsetting these shortfalls were ad
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An amount of $24.2 million, reflecf
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Other significant payments related
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VICTORIA nNANCE STATEMENT 1991-92 S
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FINANCE STATEMENT 1991-92 SUMMARY O
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TEMENT 1991-92 IDATED FUND THE YEAR
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VICTORIA HNANCE STATEMENT 1991-92 A
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1990-91 Actual $ 17 449 641 440 043
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1990-91 Actual $ 87 840 142 87 840
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1990-91 Actual $ 758 331 212 2 700
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VICTORIA nNANCE STATEMENT 1991-92 A
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1990-91 Aaual nNANCE STATEMENT 1991
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nNANCE STATEMENT 1991-92 PAYMENTS F
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Page 151 and 152: nNANCE STATEMENT 1991-92 PAYMENTS F
Page 153 and 154: nNANCE STATEMENT 1991-92 STATEMENT
Page 155 and 156: ETHNIC, MUNICIPAL AND COMMUNITY AFF
Page 163 and 164: ATTORNEY-GENERAL CONSERVATION AND E
Page 165 and 166: 151 VICTORIA nNANCE STATEMENT 1991-
Page 167 and 168: nNANCE STATEMENT 1991-92 THE TRUST
Page 169 and 170: Brought Forward Manufacturing and I
Page 171 and 172: 8. WORKS AND SERVICES ACCOUNT nNANC
Page 179 and 180: Department and Programs PARLIAMENT:
Page 181 and 182: Department and Programs FINANCE: 35
Page 183 and 184: Department and Programs POLICE AND
Page 187 and 188: Financial commitments represent var
Page 189 and 190: Government of Victoria Capital Work
Page 191 and 192: 4. EXPLANATORY NOTES ON SPECIFIC MA
Page 193 and 194: Financial Year Ending 30 June 1991
Page 195 and 196: 5. LEASING COMMITMENTS The followin
Page 197 and 198: (b) Operating Leases for Transport
Page 199 and 200: 7. CONTINGENT LIABILITIES IN RESPEC
Page 201: Table B.6 provides details of conti
Page 205 and 206: The scheme was originally establish
Page 207 and 208: The Bonds are secured by a second g
Page 209 and 210: (c) World Congress Centre The World
Page 211 and 212: 10. EQUITY CAPITAL OF THE STATE Tab
Page 213 and 214: 12. SUMMARY OF CREDITORS A Summary
Page 215 and 216: 14. COMMONWEALTH FUNDS UNSPENT Comm
Page 217 and 218: 209 VICTORIA FINANCE STATEMENT 1991
Page 219 and 220: Contract Auditing Coode Island Revi
Page 221 and 222: Metropolitan Fire Brigades Superann
Page 223: Tobacco Franchise Licences 11 Total
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