4 The FinanceGeneral Division is administered by the Department of Treasury and Finance. The major activities transacted through FinanceGeneral include the management of the Government’s financial assets and liabilities, meeting the Government’s pension and other superannuation commitments, administration of the Tasmanian Risk Management Fund, management of the Government’s light vehicle fleet and property portfolio and payments to government businesses. Finance-General also includes funding to assist with the replacement of the Spirits of Tasmania (I and II) within the TT-Line Vessel Replacement Fund and funding for the transformation and replacement of critical agency ICT infrastructure. Certain provisions have been made in the Special Deposits and Trust Fund to meet future liabilities of the Government, including a provision within the Tasmanian Risk Management Fund for workers’ compensation and other insurable risks in respect of innerBudget agencies. Information on the Government’s superannuation liabilities and administration of the Tasmanian Risk Management Fund is provided in chapter 7 of The Budget Budget Paper No 1. Outputs of FinanceGeneral are provided under the following Output Groups: Output 1 Debt Servicing and Management; Output Group 2 Employee Related Costs; Output 3 Government Businesses; and Output 4 Miscellaneous. 4.1 provides an Output Group Expense Summary for FinanceGeneral. Table 4.1: Output Group Expense Summary
4 The FinanceGeneral Division is administered by the Department of Treasury and Finance. The major activities transacted through FinanceGeneral include the management of the Government’s financial assets and liabilities, meeting the Government’s pension and other superannuation commitments, administration of the Tasmanian Risk Management Fund, management of the Government’s light vehicle fleet and property portfolio and payments to government businesses. Finance-General also includes funding to assist with the replacement of the Spirits of Tasmania (I and II) within the TT-Line Vessel Replacement Fund and funding for the transformation and replacement of critical agency ICT infrastructure. Certain provisions have been made in the Special Deposits and Trust Fund to meet future liabilities of the Government, including a provision within the Tasmanian Risk Management Fund for workers’ compensation and other insurable risks in respect of innerBudget agencies. Information on the Government’s superannuation liabilities and administration of the Tasmanian Risk Management Fund is provided in chapter 7 of The Budget Budget Paper No 1. Outputs of FinanceGeneral are provided under the following Output Groups: Output 1 Debt Servicing and Management; Output Group 2 Employee Related Costs; Output 3 Government Businesses; and Output 4 Miscellaneous. 4.1 provides an Output Group Expense Summary for FinanceGeneral. Table 4.1: Output Group Expense Summary
2018-19-BP2-4-Finance-General.docx