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Annual Report of the Treasury for the Year Ended 30 June 2016

Administration of Guarantees and Indemnities Given by the Crown Permanent Legislative Authority

What is intended to be achieved with this appropriation

This appropriation is intended to achieve efficient and effective administration of the Crown's Guarantees and Indemnities, including the Wholesale and Retail Deposit Guarantee Schemes.

What was achieved with this appropriation

Performance measure Target for
2015/16
Performance for 2015/16 Forecast for 2016/17
Meet all legal obligations in relation to the specific rehabilitation indemnities granted by the Crown to Solid Energy New Zealand Limited in 1988 and 2014. Achieved Achieved Achieved
Meet all legal obligations under the Retail Deposit Guarantee Scheme. Achieved Achieved Achieved
2015
Actual
$000
Administration of Guarantees and Indemnities
Given by the Crown PLA
2016
Actual
$000
2016
Main Estimates
$000
2016
Supp. Estimates
$000
2017 Unaudited Forecast
as per BEFU 2016
$000
34 Expenses 69 309 311 310
 

Funded by:

       
110 Revenue  Crown 309 309 309 309
- Other revenue - - 2 1

Note:

This budget provides for any residual activity after the closure of the Retail Deposit Guarantee Scheme. Apart from some administration costs, no other expenditure was required during 2015/16.

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