(2012 to 2015), which provides details on the WELS Scheme’s approved budget for 2012–13, 2013– 14 and 2014–15 (Table 3). Table 3. Approved WELS Scheme budget 2012 to 2015 – Year Approved budget 2012–13 $1.85 million 2013–14 $1.91 million 2014–15 $1.96 million across all years $5.72 million Source: Australian Government Forecast for the 2014–15 financial year Expenditure for the 2014–15 financial year is expected to be approximately $1.44 million or about – $520,000 less than approved in the Strategic Plan. The Department noted to the Reviewer that this expected reduction in expenditure is due to the WELS Scheme not undertaking a number of planned activities, and staffing efficiencies made by the Department over recent years. Representatives from the Department described the Scheme as currently running in mode, meaning it is being ‘lite’ administered at the minimum expenditure to meet its objectives and undertake only absolutely core activities. For the 2014–15 financial year, revenue is expected to total $1.62 million. At time of writing, roughly $1.23 million has been invoiced to industry for registration fees for the year, and $392,000 has been received from all Australian governments. If estimates of expenditure and revenue are correct, the WELS Scheme should generate a surplus of approximately $184,000 for the year (Table 4) which – will accrue to the WELS Scheme special account. 4. Expected WELS Scheme expenditure and revenue 2014–2015 financial year – Item Approved dollar amount for 2014–15 Expected actual dollar amount for (2011 Strategic Plan) 2014–15 Expenditure - - Registration $470,020 $247,914 Policy development $441,657 $396,513 Compliance and enforcement $950,323 $493,4341 WELSAG administration $18,000 $0 Communications $80,000 $0 $0 $300,000 Third-party suppliers and services2 Total expenditure $1,960,000 $1,437,861 Revenue - - Industry contribution (fees) $1,568,000 $1,230,000 Commonwealth Government $196,000 $196,000 contribution State and territory contribution $196,000 $196,000 Total revenue $1,960,000 $1,622,000
(2012 to 2015), which provides details on the WELS Scheme’s approved budget for 2012–13, and 2014–15 (Table 3). Table 3. Approved WELS Scheme budget – 2012 to 2015 Year Approved budget 2012–13 $1.85 million 2013–14 $1.91 million 2014–15 $1.96 million across all years $5.72 million Source: Australian Government Forecast for the 2014–15 financial year Expenditure for the 2014–15 financial year is expected to be approximately $1.44 million – or about $520,000 less than approved in the Strategic Plan. The Department noted to the Reviewer that this expected reduction in expenditure is due to the WELS Scheme not undertaking a number of planned activities, and staffing efficiencies made by the Department over recent years. Representatives from the Department described the Scheme as currently running in ‘lite’ mode, meaning it is being administered at the minimum expenditure to meet its objectives and undertake only absolutely core activities. For the 2014–15 financial year, revenue is expected to total $1.62 million. At time of writing, roughly $1.23 million has been invoiced to industry for registration fees for the year, and $392,000 has been received from all Australian governments. If estimates of expenditure and revenue are correct, the WELS Scheme should generate a surplus of approximately $184,000 for the year (Table 4) – which will accrue to the WELS Scheme special account. 4. Expected WELS Scheme expenditure and revenue – 2014–2015 financial year Item Approved dollar amount for 2014–15 (2011 Strategic Plan) Expected actual dollar amount for 2014–15 Expenditure - - Registration $470,020 $247,914 Policy development $441,657 $396,513 Compliance and enforcement $950,323 $493,4341 WELSAG administration $18,000 $0 Communications $80,000 $0 Third-party suppliers and services2 $0 $300,000 Total expenditure $1,960,000 $1,437,861 Revenue - - Industry contribution (fees) $1,568,000 $1,230,000 Commonwealth Government contribution $196,000 $196,000 State and territory contribution $196,000 $196,000 Total revenue $1,960,000 $1,622,000 14 2013–
2015-wels-scheme-review-final-report.docx