Part 2 - Details and Expected Performance for Output Expenses
Part 2.1 - Departmental Output Expenses
Intended Impacts, Outcomes and Objectives
| Intended Impacts, Outcomes or Objectives of Appropriations | Appropriations |
|---|---|
| A more efficient and effective regulatory environment Reduced barriers to opportunities in overseas markets Improved business access to finance for growth | Policy Advice - Business Law and Competition Policy Business Law and Competition Operational Policy, Ministerial Servicing and Crown Entity Monitoring Administration of Part II Tariff Concessions |
| More effective competition | Policy Advice - Business Law and Competition Policy Business Law and Competition Operational Policy, Ministerial Servicing and Crown Entity Monitoring Administration of Part II Tariff Concessions |
| Increased confidence and participation in New Zealand's financial markets | Policy Advice - Business Law and Competition Policy Business Law and Competition Operational Policy, Ministerial Servicing and Crown Entity Monitoring Administration of Insolvencies Registration and Provision of Statutory Information |
| Improved public services for business | Policy Advice - Business Law and Competition Policy Business Law and Competition Operational Policy, Ministerial Servicing and Crown Entity Monitoring Administration of Insolvencies Administration of Part II Tariff Concessions Registration and Granting of Intellectual Property Rights Registration and Provision of Statutory Information |
| Increased business investment in innovation | Policy Advice - Business Law and Competition Policy Business Law and Competition Operational Policy, Ministerial Servicing and Crown Entity Monitoring Registration and Granting of Intellectual Property Rights |
For further information on the intended impacts, outcomes and objectives of the departmental output expense appropriations, please see the Statement of Intent for the Ministry of Economic Development.
Administration of Insolvencies (M13)
Scope of Appropriation
The administration of bankruptcies and liquidations under the Insolvency Act 2006 and the Companies Act 1993 and the management of proceeds of crime orders under the Proceeds of Crime Act 1991.
Expenses and Revenue
| 2011/12 | 2012/13 | ||
|---|---|---|---|
| Budgeted $000 | Estimated Actual $000 | Budget $000 | |
| Total Appropriation | 13,750 | 13,750 | 13,173 |
| Revenue from Crown | 11,948 | 11,948 | 11,948 |
| Revenue from Other | 2,518 | 2,512 | 1,941 |
Reasons for Change in Appropriation
The $577,000 decrease in this appropriation between 2011/12 and 2012/13 is mainly due to the following; time-limited funding that ceased in 2011/12 of $300,000 reflecting the increase in additional investigations fee collections, a decrease of $295,000 in 2012/13 reflecting the Efficiency Dividend, and a decrease of $18,000 reflecting movements in the KiwiSaver and SSRSS savings schemes.
Output Performance Measures and Standards
| 2011/12 | 2012/13 | ||
|---|---|---|---|
| Performance Measures | Budgeted Standard | Estimated Actual Standard | Budget Standard |
| High quality and timely administration of bankruptcies and No Asset Procedures, liquidations and proceeds of crime matters by the Official Assignee demonstrated by the annual average internal quality assurance rating* for estate administration undertaken by staff of the Official Assignee (1 - a high level of compliance; 2 - an acceptable level of compliance; 3 - a marginal level of compliance; 4 - an unacceptable level of compliance; 5 - the office does not comply). | Annual average internal quality assurance rating for estate administration no less than 2 | Achieved | Annual average internal quality assurance rating for estate administration no less than 2 |
Note - The quality assurance standard is based on legislative requirements and measures both quality and timeliness.
Current and Past Policy Initiatives
| Policy Initiative | Year of First Impact | 2011/12 Budgeted $000 | 2012/13 Budget $000 | 2013/14 Estimated $000 | 2014/15 Estimated $000 | 2015/16 Estimated $000 |
|---|---|---|---|---|---|---|
| Current Government | ||||||
| Efficiency Dividend | 2012/13 | - | (295) | (295) | (295) | (295) |
Previous Government | ||||||
| Insolvency Act 2006 Law Reform | 2009/10 | 378 | 378 | 378 | 378 | 378 |
| For new responsibilities arising from recent law reform | 2008/09 | 2,520 | 2,520 | 2,520 | 2,520 | 2,520 |
| Future funding options for the Insolvency and Trustee Service | 2007/08 | 280 | 280 | 280 | 280 | 280 |
