Formats and related files
Vote Revenue#
APPROPRIATION MINISTER(S): Minister of Revenue (M57), Minister of Research, Science and Innovation (M84)
APPROPRIATION ADMINISTRATOR: Inland Revenue Department
RESPONSIBLE MINISTER FOR INLAND REVENUE DEPARTMENT: Minister of Revenue
Details of Appropriations and Capital Injections#
Annual Appropriations and Forecast Permanent Appropriations#
| 2018/19 | |||
|---|---|---|---|
| Titles and Scopes of Appropriations by Appropriation Type | Estimates Budget $000 |
Supplementary Estimates Budget $000 |
Total Budget $000 |
|
Departmental Output Expenses |
|||
|
Policy Advice (M57) This appropriation is limited to the provision of advice, including second opinion advice and contributions to policy advice led by other agencies, to support decision-making by Ministers on government policy matters. |
10,608 | 4 | 10,612 |
|
Services to Other Agencies RDA (M57) This appropriation is limited to the provision of services by Inland Revenue to other agencies, where those services are not within the scope of another departmental output expense appropriation in Vote Revenue. |
4,684 | 1,178 | 5,862 |
|
Total Departmental Output Expenses |
15,292 | 1,182 | 16,474 |
|
Departmental Capital Expenditure |
|||
|
Inland Revenue Department - Capital Expenditure PLA (M57) This appropriation is limited to the purchase or development of assets by and for the use of the Inland Revenue Department, as authorised by section 24(1) of the Public Finance Act 1989. |
143,200 | (31,368) | 111,832 |
|
Total Departmental Capital Expenditure |
143,200 | (31,368) | 111,832 |
|
Benefits or Related Expenses |
|||
|
Best Start Tax Credit PLA (M57) This appropriation is limited to Best Start Tax Credits made to eligible recipients in accordance with section 185 of the Tax Administration Act 1994. |
80,000 | (28,000) | 52,000 |
|
Child Support Payments PLA (M57) Child support payments to custodial persons who are not dependent on the state for financial support (expenses incurred pursuant to section 141 of the Child Support Act 1991). |
300,000 | 2,000 | 302,000 |
|
Child Tax Credit PLA (M57) Extra assistance for low to middle income families who are not dependent on the state for financial support (expenses incurred pursuant to section 185 of the Tax Administration Act 1994). |
600 | - | 600 |
|
Family Tax Credit PLA (M57) Family Support payments made to beneficiaries and non-beneficiaries during the year (expenses incurred pursuant to section 185 of the Tax Administration Act 1994). |
2,628,000 | (357,000) | 2,271,000 |
|
In-Work Tax Credit PLA (M57) Extra assistance for low to middle income families where the person works a minimum of 20 hours per week and does not have a partner, or a person and their partner work a minimum of 30 hours per week (expenses incurred pursuant to section 185 of the Tax Administration Act 1994). |
540,000 | (15,000) | 525,000 |
|
KiwiSaver: Interest (M57) To enable the payment of interest on KiwiSaver contributions as set out in the KiwiSaver Act 2006. |
10,000 | (1,000) | 9,000 |
|
KiwiSaver: Tax Credit (M57) To enable the payment of a tax credit to KiwiSaver members and the payment of residual tax credits to employers as set out in the Income Tax Act 2007. |
850,000 | 23,000 | 873,000 |
|
Minimum Family Tax Credit PLA (M57) Extra payment made to families where at least one parent is working for salary or wages (expenses incurred pursuant to section 185 of the Tax Administration Act 1994). |
14,000 | - | 14,000 |
|
Paid Parental Leave Payments (M57) This appropriation is limited to Paid Parental Leave Payments made to parents in accordance with the Parental Leave and Employment Protection Act 1987. |
360,000 | 15,000 | 375,000 |
|
Parental Tax Credit PLA (M57) This appropriation is limited to expenses incurred on parental tax credit as provided for in subpart MD of the Income Tax Act 2007 and as authorised by section 185 of the Tax Administration Act 1994. |
5,000 | (2,000) | 3,000 |
|
Payroll Subsidy PLA (M57) This appropriation is limited to the payment of a subsidy to a payroll agent undertaking employers' payroll-related tax compliance activities on their behalf, section 185 of the Tax Administration Act 1994. |
6,500 | - | 6,500 |
|
Research, Science and Innovation: R&D Tax Incentive (M84) This appropriation is limited to providing an R&D tax credit to eligible R&D performing businesses. |
- | 40,000 | 40,000 |
|
Total Benefits or Related Expenses |
4,794,100 | (323,000) | 4,471,100 |
|
Non-Departmental Borrowing Expenses |
|||
|
Adverse Event Interest PLA (M57) This appropriation is limited to interest on Adverse Event Income Equalisation Reserve accounts held by taxpayers in the farming and agriculture business, authorised by section 65ZH(1) of the Public Finance Act 1989. |
10 | 10 | 20 |
|
Environmental Restoration Account Interest PLA (M57) This appropriation is limited to interest on Environmental Restoration accounts, authorised by section 65ZH(1) of the Public Finance Act 1989. |
2,000 | (500) | 1,500 |
|
Income Equalisation Interest PLA (M57) This appropriation is limited to interest on Income Equalisation Reserve Scheme accounts held by taxpayers in the farming, fishing or forestry industries, authorised by section 65ZH(1) of the Public Finance Act 1989. |
10,000 | (4,000) | 6,000 |
|
Total Non-Departmental Borrowing Expenses |
12,010 | (4,490) | 7,520 |
|
Non-Departmental Other Expenses |
|||
|
Impairment of Debt and Debt Write-Offs (M57) This appropriation is limited to bad debt write-offs for Crown debt administered by Inland Revenue, excluding child support and student loans and to amounts relating to the impairment of this debt. |
680,000 | 170,000 | 850,000 |
|
Impairment of Debt Relating to Child Support (M57) This appropriation is limited to the impairment of child support debt. |
- | 5,000 | 5,000 |
|
Initial Fair Value Write-Down Relating to Student Loans (M57) This appropriation is limited to the initial fair value write-down of student loans. |
610,000 | (18,000) | 592,000 |
|
Total Non-Departmental Other Expenses |
1,290,000 | 157,000 | 1,447,000 |
|
Multi-Category Expenses and Capital Expenditure |
|||
|
Services for Customers MCA (M57) The single overarching purpose of this appropriation is to deliver a customer-centric, integrated tax and entitlement service experience for New Zealanders that is agile and intelligence-led. |
647,659 | (31,280) | 616,379 |
|
Departmental Output Expenses |
|||
|
Investigations This category is limited to undertaking investigation, audit and litigation activities administered by Inland Revenue. |
171,983 | (29,410) | 142,573 |
|
Management of Debt and Outstanding Returns This category is limited to activities to prevent returns becoming outstanding and debt becoming overdue, and to collect outstanding returns and overdue payments, whether for the Crown, other agencies or external parties. |
152,255 | (22,509) | 129,746 |
|
Services to Inform the Public About Entitlements and Meeting Obligations This category is limited to providing information and assistance to the public to make them aware of their obligations and entitlements. This also includes the provision of services to help Ministers fulfil their responsibilities to Parliament and the New Zealand public, other than policy decision-making responsibilities. |
207,949 | 22,781 | 230,730 |
|
Services to Process Obligations and Entitlements This category is limited to both the registration, assessment and processing of tax obligations and other entitlements, including associated review and Crown accounting activities, and the collection and sharing of related information with other agencies. |
115,472 | (2,142) | 113,330 |
|
Total Multi-Category Expenses and Capital Expenditure |
647,659 | (31,280) | 616,379 |
|
Total Annual Appropriations and Forecast Permanent Appropriations |
6,902,261 | (231,956) | 6,670,305 |
Multi-Year Appropriations#
| Type, Title, Scope and Period of Appropriations | Appropriations, Adjustments and Use | $000 |
|---|---|---|
|
Departmental Other Expenses |
||
|
Transformation (M57) This appropriation is limited to the design and implementation of a modern system for tax revenue and social policy administered by Inland Revenue.Commences: 01 July 2017 Expires: 30 June 2021 |
Original Appropriation | 1,112,607 |
| Adjustments to 2017/18 | 26,254 | |
| Adjustments for 2018/19 | (16,100) | |
| Adjusted Appropriation | 1,122,761 | |
| Actual to 2017/18 Year End | 196,774 | |
| Estimated Actual for 2018/19 | 214,665 | |
| Estimate for 2019/20 | 239,086 | |
| Estimated Appropriation Remaining | 472,236 |
Total Annual Appropriations and Forecast Permanent Appropriations and Multi-Year Appropriations#
| 2018/19 | |||
|---|---|---|---|
| Estimates Budget $000 |
Supplementary Estimates Budget $000 |
Total Budget $000 |
|
| Total Annual Appropriations and Forecast Permanent Appropriations | 6,902,261 | (231,956) | 6,670,305 |
| Total Forecast MYA Departmental Other Expenses | 320,876 | (106,211) | 214,665 |
|
Total Annual Appropriations and Forecast Permanent Appropriations and Multi-Year Appropriations |
7,223,137 | (338,167) | 6,884,970 |
Capital Injection Authorisations#
| 2018/19 | |||
|---|---|---|---|
| Estimates Budget $000 |
Supplementary Estimates Budget $000 |
Total Budget $000 |
|
| Inland Revenue Department - Capital Injection (M57) | 98,200 | (34,368) | 63,832 |
Supporting Information#
Part 1 - Vote as a Whole#
1.2 - Trends in the Vote#
Summary of Financial Activity
| 2018/19 | |||||
|---|---|---|---|---|---|
| Supplementary Estimates | |||||
| Estimates $000 |
Departmental Transactions $000 |
Non-Departmental Transactions $000 |
Total Transactions $000 |
Total $000 |
|
|
Appropriations |
|||||
| Output Expenses | 15,292 | 1,182 | - | 1,182 | 16,474 |
| Benefits or Related Expenses | 4,794,100 | N/A | (323,000) | (323,000) | 4,471,100 |
| Borrowing Expenses | 12,010 | - | (4,490) | (4,490) | 7,520 |
| Other Expenses | 1,610,876 | (106,211) | 157,000 | 50,789 | 1,661,665 |
| Capital Expenditure | 143,200 | (31,368) | - | (31,368) | 111,832 |
| Intelligence and Security Department Expenses and Capital Expenditure | - | - | N/A | - | - |
| Multi-Category Expenses and Capital Expenditure (MCA) | |||||
| Output Expenses | 647,659 | (31,280) | - | (31,280) | 616,379 |
| Other Expenses | - | - | - | - | - |
| Capital Expenditure | - | N/A | - | - | - |
|
Total Appropriations |
7,223,137 | (167,677) | (170,490) | (338,167) | 6,884,970 |
|
Crown Revenue and Capital Receipts |
|||||
| Tax Revenue | 76,559,000 | N/A | (359,000) | (359,000) | 76,200,000 |
| Non-Tax Revenue | 1,111,000 | N/A | (152,000) | (152,000) | 959,000 |
| Capital Receipts | 1,529,000 | N/A | (1,300) | (1,300) | 1,527,700 |
|
Total Crown Revenue and Capital Receipts |
79,199,000 | N/A | (512,300) | (512,300) | 78,686,700 |
Part 2 - Details of Departmental Appropriations#
2.1 - Departmental Output Expenses#
Policy Advice (M57)
Scope of Appropriation
Expenses and Revenue
| 2018/19 | |||
|---|---|---|---|
| Estimates $000 |
Supplementary Estimates $000 |
Total $000 |
|
| Total Appropriation | 10,608 | 4 | 10,612 |
| Revenue from the Crown | 10,595 | - | 10,595 |
| Revenue from Others | 13 | 4 | 17 |
Reasons for Change in Appropriation
This appropriation increased by $4,000 to $10.612 million in 2018/19 due to a fiscally neutral adjustment for revenue from sub-leasing premises to third parties.
Services to Other Agencies RDA (M57)
Scope of Appropriation
Expenses and Revenue
| 2018/19 | |||
|---|---|---|---|
| Estimates $000 |
Supplementary Estimates $000 |
Total $000 |
|
| Total Appropriation | 4,684 | 1,178 | 5,862 |
| Revenue from the Crown | - | - | - |
| Revenue from Others | 4,684 | 1,178 | 5,862 |
Reasons for Change in Appropriation
This appropriation increased by $1.178 million to $5.862 million in 2018/19 due to a fiscally neutral adjustment of $1.550 million for recovery of revenue from external parties where Inland Revenue staff are on external secondments. This is partially offset by a $372,000 reduction of revenue for sub-leasing premises to third parties.
2.2 - Departmental Other Expenses#
Transformation (M57)
Scope of Appropriation and Expenses
| Type, Title, Scope and Period of Appropriations | Appropriations, Adjustments and Use | $000 |
|---|---|---|
|
Transformation (M57) This appropriation is limited to the design and implementation of a modern system for tax revenue and social policy administered by Inland Revenue.Commences: 01 July 2017 Expires: 30 June 2021 |
Original Appropriation | 1,112,607 |
| Adjustments to 2017/18 | 26,254 | |
| Adjustments for 2018/19 | (16,100) | |
| Adjusted Appropriation | 1,122,761 | |
| Actual to 2017/18 Year End | 196,774 | |
| Estimated Actual for 2018/19 | 214,665 | |
| Estimate for 2019/20 | 239,086 | |
| Estimated Appropriation Remaining | 472,236 |
Reasons for Change in Appropriation
This appropriation decreased by $16.100 million to $1,122.761 million due to fiscally neutral adjustments of $8 million to 2019/20 and $8.100 million to 2020/21, transferring funding to the Services for Customers multi-category appropriation for operational business costs related to Business Transformation.
2.3 - Departmental Capital Expenditure and Capital Injections#
Inland Revenue Department - Capital Expenditure PLA (M57)
Scope of Appropriation
Capital Expenditure
| 2018/19 | |||
|---|---|---|---|
| Estimates $000 |
Supplementary Estimates $000 |
Total $000 |
|
| Forests/Agricultural | - | - | - |
| Land | - | - | - |
| Property, Plant and Equipment | 13,000 | 3,000 | 16,000 |
| Intangibles | 130,200 | (34,368) | 95,832 |
| Other | - | - | - |
|
Total Appropriation |
143,200 | (31,368) | 111,832 |
Reasons for Change in Appropriation
This appropriation decreased by $31.368 million to $111.832 million mainly due to a transfer of $34.368 million of Business Transformation capital injections from 2018/19 to 2020/21 to align with revised capital plans for future Business Transformation Releases.
This is partially offset by a $3 million increase in forecast capital expenditure to align with Inland Revenue's updated capital replacement programme.
Capital Injections and Movements in Departmental Net Assets
Inland Revenue Department
| Details of Net Asset Schedule | 2018/19 Main Estimates Projections $000 |
2018/19 Supplementary Estimates Projections $000 |
Explanation of Projected Movements in 2018/19 |
|---|---|---|---|
| Opening Balance | 311,722 | 317,323 | Supplementary Estimates Opening Balance reflects the audited position as at 30 June 2018. The Main Estimates Projection was estimated prior to audit completion. |
| Capital Injections | 98,200 | 63,832 | Capital injections have been adjusted to align with the capital expenditure forecast for the implementation of Business Transformation Releases 3 and 4. |
| Capital Withdrawals | - | - | |
| Surplus to be Retained (Deficit Incurred) | - | - | |
| Other Movements | - | - | |
|
Closing Balance |
409,922 | 381,155 |
Part 3 - Details of Non-Departmental Appropriations#
3.2 - Non-Departmental Benefits or Related Expenses#
Best Start Tax Credit PLA (M57)
Scope of Appropriation
Reasons for Change in Appropriation
This appropriation decreased by $28 million to $52 million for 2018/19 due to lower than anticipated initial uptake of the tax credit.
Child Support Payments PLA (M57)
Scope of Appropriation
Reasons for Change in Appropriation
This appropriation increased by $2 million to $302 million for 2018/19 due to stronger than forecast labour market growth. An improved labour market can increase amounts received from non-custodial parents and transferred to custodial persons. This reduces the likelihood that custodial persons are eligible for welfare support. They will therefore be more likely to receive child support payments.
Family Tax Credit PLA (M57)
Scope of Appropriation
Reasons for Change in Appropriation
This appropriation decreased by $357 million to $2,271 million for 2018/19 due to stronger than expected income growth. Income growth reduces Working for Families entitlements for families earning above the abatement threshold. The family tax credit is the first of the Working for Families credits to abate and so is the most sensitive to income growth.
In-Work Tax Credit PLA (M57)
Scope of Appropriation
Reasons for Change in Appropriation
This appropriation decreased by $15 million to $525 million for 2018/19 mainly due to stronger than expected family income growth which reduced entitlement.
KiwiSaver: Interest (M57)
Scope of Appropriation
Reasons for Change in Appropriation
This appropriation decreased by $1 million to $9 million for 2018/19 due to lower than forecast interest rates. The estimate for KiwiSaver interest includes a level of contingency ($2 million) as this appropriation is demand driven and does not have a permanent legislative authority.
KiwiSaver: Tax Credit (M57)
Scope of Appropriation
Reasons for Change in Appropriation
This appropriation increased by $23 million to $873 million for 2018/19 due to an increase in the total number of contributing members as well as increases in contributions due to forecast income growth. The estimate for KiwiSaver tax credit includes a level of contingency ($10 million) as this appropriation is demand driven and does not have a permanent legislative authority.
Paid Parental Leave Payments (M57)
Scope of Appropriation
Reasons for Change in Appropriation
This appropriation increased by $15 million to $375 million for 2018/19 due to an increase in claims for parental leave. The estimate for paid parental leave payments includes a level of contingency ($5 million) as this appropriation is demand driven and does not have a permanent legislative authority.
Parental Tax Credit PLA (M57)
Scope of Appropriation
Reasons for Change in Appropriation
This appropriation decreased by $2 million to $3 million for 2018/19 due to lower than expected claims. The parental tax credit has been replaced by Best Start tax credit, from 1 July 2018. The residual appropriation is for claims that relate to children born before 1 July 2018.
Research, Science and Innovation: R&D Tax Incentive (M84)
Scope of Appropriation
Expenses
| 2018/19 | |||
|---|---|---|---|
| Estimates $000 |
Supplementary Estimates $000 |
Total $000 |
|
| Total Appropriation | - | 40,000 | 40,000 |
What is Intended to be Achieved with this Appropriation
This appropriation is intended to incentivise businesses to increase their spending on R&D through the provision of a tax credit.
How Performance will be Assessed and End of Year Reporting Requirements
Performance information for this appropriation will be reported by the Minister of Research, Science and Innovation in the Vote Revenue Non-Departmental Appropriations report.
| Assessment of Performance | Final Budgeted Standard | Estimated Actual | Budget Standard |
| Eligible Businesses are able to apply for a Research and Development tax credit | Achieved | Achieved | Achieved |
Reasons for Change in Appropriation
This is a new non-departmental benefits or related expenses appropriation that applies from 1 April 2019. This is the result of the funding transfer from the Vote Business, Science and Innovation appropriation, of the same title, to the new Vote Revenue appropriation.
Conditions on Use of Appropriation
| Reference | Conditions |
|---|---|
| Subpart LY of the Income Tax Act 2007 | Sets out the entitlement for and calculation of the research and development tax credit. |
3.3 - Non-Departmental Borrowing Expenses#
Adverse Event Interest PLA (M57)
Scope of Appropriation
Reasons for Change in Appropriation
This appropriation increased by $10,000 to $20,000 for 2018/19 as taxpayer activity in the scheme is higher than expected.
Environmental Restoration Account Interest PLA (M57)
Scope of Appropriation
Reasons for Change in Appropriation
This appropriation decreased by $500,000 to $1.500 million for 2018/19 due to a reduction in the account balance with withdrawals exceeding deposits during the year.
Income Equalisation Interest PLA (M57)
Scope of Appropriation
Reasons for Change in Appropriation
This appropriation decreased by $4 million to $6 million for 2018/19 as taxpayer activity in the scheme is lower than expected.
3.4 - Non-Departmental Other Expenses#
Impairment of Debt and Debt Write-Offs (M57)
Scope of Appropriation
Reasons for Change in Appropriation
This appropriation increased by $170 million to $850 million for 2018/19 due to a forecast increase in the level of debt. The estimate also includes a level of contingency ($100 million) to prevent any unauthorised expenditure as this appropriation does not have a permanent legislative authority.
Impairment of Debt Relating to Child Support (M57)
Scope of Appropriation
Expenses
| 2018/19 | |||
|---|---|---|---|
| Estimates $000 |
Supplementary Estimates $000 |
Total $000 |
|
| Total Appropriation | - | 5,000 | 5,000 |
What is Intended to be Achieved with this Appropriation
This appropriation provides for incurring the expense involved in recognising an impairment loss to reflect the recoverable value of the total child support debt as at the end of the financial year.
How Performance will be Assessed and End of Year Reporting Requirements
An exemption was granted under section 15D(2)(b)(ii) of the Public Finance Act 1989, as additional performance information is unlikely to be informative because this appropriation is solely for the impairment of child support debt. Performance information relating to this expenditure is provided under the Services for Customers Multi-Category Appropriation under the Management of Debt and Outstanding Returns category.
Reasons for Change in Appropriation
The appropriation increased by $5 million to $5 million in 2018/19 to reflect the inclusion of a contingency to prevent any unauthorised expenditure as this appropriation does not have a permanent legislative authority.
Initial Fair Value Write-Down Relating to Student Loans (M57)
Scope of Appropriation
Reasons for Change in Appropriation
This appropriation decreased by $18 million to $592 million in 2018/19 mainly due to macroeconomic forecast changes. The estimate also includes a level of contingency to prevent any unauthorised expenditure as this appropriation does not have a permanent legislative authority.
Part 4 - Details of Multi-Category Expenses and Capital Expenditure#
Multi-Category Expenses and Capital Expenditure#
Services for Customers (M57)
Overarching Purpose Statement
Scope of Appropriation
Departmental Output Expenses
InvestigationsThis category is limited to undertaking investigation, audit and litigation activities administered by Inland Revenue.
Management of Debt and Outstanding Returns
This category is limited to activities to prevent returns becoming outstanding and debt becoming overdue, and to collect outstanding returns and overdue payments, whether for the Crown, other agencies or external parties.
Services to Inform the Public About Entitlements and Meeting Obligations
This category is limited to providing information and assistance to the public to make them aware of their obligations and entitlements. This also includes the provision of services to help Ministers fulfil their responsibilities to Parliament and the New Zealand public, other than policy decision-making responsibilities.
Services to Process Obligations and Entitlements
This category is limited to both the registration, assessment and processing of tax obligations and other entitlements, including associated review and Crown accounting activities, and the collection and sharing of related information with other agencies.
Expenses, Revenue and Capital Expenditure
| 2018/19 | |||
|---|---|---|---|
| Estimates $000 |
Supplementary Estimates $000 |
Total $000 |
|
|
Total Appropriation |
647,659 | (31,280) | 616,379 |
|
Departmental Output Expenses |
|||
| Investigations | 171,983 | (29,410) | 142,573 |
| Management of Debt and Outstanding Returns | 152,255 | (22,509) | 129,746 |
| Services to Inform the Public About Entitlements and Meeting Obligations | 207,949 | 22,781 | 230,730 |
| Services to Process Obligations and Entitlements | 115,472 | (2,142) | 113,330 |
|
Funding for Departmental Output Expenses |
|||
|
Revenue from the Crown |
623,240 | (32,500) | 590,740 |
| Investigations | 171,679 | (29,680) | 141,999 |
| Management of Debt and Outstanding Returns | 150,233 | (22,800) | 127,433 |
| Services to Inform the Public About Entitlements and Meeting Obligations | 206,671 | 22,300 | 228,971 |
| Services to Process Obligations and Entitlements | 94,657 | (2,320) | 92,337 |
|
Revenue from Others |
24,419 | 1,220 | 25,639 |
| Investigations | 304 | 270 | 574 |
| Management of Debt and Outstanding Returns | 2,022 | 291 | 2,313 |
| Services to Inform the Public About Entitlements and Meeting Obligations | 1,278 | 481 | 1,759 |
| Services to Process Obligations and Entitlements | 20,815 | 178 | 20,993 |
Reasons for Change in Appropriation
This appropriation decreased by $31.280 million to $616.379 million in 2018/19 due to:
- a retention of administrative efficiency savings of $28 million transferred from 2018/19 to 2019/20 to support customers and service delivery during business transformation
- an expense transfer of $25 million from 2018/19 to 2019/20 to support operational business functions and addressing customer demand during business transformation, and
- an expense transfer of $7 million from 2018/19 to 2019/20 to maintain and support heritage technology systems during business transformation.
This is partially offset by:
- an expense transfer of $26 million from 2017/18 to 2018/19 to support transitioning the workforce to new ways of working as part of business transformation
- an expense transfer of $1.500 million from 2017/18 to 2018/19 for the Families Package implementation costs
- a fiscally neutral adjustment of $1 million for Kaikoura earthquake insurance claim proceeds to be received in 2018/19, and
- a fiscally neutral adjustment of $220,000 for revenue from subleasing premises to third parties.