Part 2 - Details and Expected Performance for Output Expenses
Part 2.1 - Departmental Output Expenses
Anti-Money Laundering and Countering Financing of Terrorism (M41)
Scope of Appropriation
This appropriation is limited to supervision functions carried out in respect of reporting entities for which the Department of Internal Affairs is the relevant supervisor under the Anti-Money Laundering and Countering Financing of Terrorism Act.
Expenses and Revenue
| 2011/12 | |||
|---|---|---|---|
| Estimates $000 | Supplementary Estimates $000 | Total $000 | |
| Total Appropriation | 2,500 | (1,369) | 1,131 |
| Revenue from Crown | 2,500 | (1,369) | 1,131 |
| Revenue from Other | - | - | - |
Reasons for Change in Appropriation
This appropriation decreased by $1.369 million to $1.131 million for 2011/12. The decrease relates to:
- a decrease in funding for an ongoing programme of initiatives to enable the Department to position for efficiency savings from 1 July 2012 ($1.640 million)
- a reallocation of shared services costs (decrease of $46,000), and
- partially offset by expense transfers from 2010/11 to 2011/12 for the Anti-Money Laundering and Countering Financing of Terrorism Unit (increase of $300,000) and for the integration of new functions and consequent restructuring of the Department of Internal Affairs (increase of $17,000).
