The outcome is than the target as the 2014 state election resulted in fewer briefs being prepared during the caretaker period. Quality Accuracy of estimating gross state product and per cent =< 1.0 n/a n/a n/a employment in the State budget 0.95 0 The gross state product growth rate estimate is not yet available. The estimate will be available when the ABS State Accounts are released in November 2015. The accuracy of estimating employment growth in 201415 was 0.95 percentage points greater than forecast in the 201415 Budget. Accuracy of estimating State taxation revenue in per cent =< 5.0 1.9 0 the State budget Maintain ISO 9001 (Quality Management per cent 100 100 0 Systems) Certification Timeliness Briefings on key Australian Bureau of Statistics per cent 100 100 0 economic data on day of release Longterm research projects managed within per cent 100 100 0 agreed timeframes Meet financial reporting deadlines per cent 100 100 0 Respond to correspondence within agreed per cent 85 89 4.7 timeframes Cost Total output cost $ million 17.2 17.4 1.2 Economic Regulatory Services This output provides economic regulation of utilities and other specified markets in Victoria to protect the longterm interests of Victorian consumers with regard to price, quality and reliability of essential services. By providing these services, this output contributes to the departmental objective of guiding government actions to increase Victoria’s productivity and competitiveness. Major outputs/deliverables Unit of 201415 201415 Performance Performance measures measure target actual variation (%) Result Quantity New or revised regulatory instruments issued number 6 6 0 Performance reports for regulated businesses or number 4 4 0 industries Performance reviews and compliance audits of number 102 103 1 regulated businesses Price approvals of regulated businesses number 19 20 5.3 The outcome is higher than the target as a delayed review from 201314 was completed in 201415. Registration and accreditation number 3 000 5 578 85.9 decisions/approvals in relation to the Victorian Energy Efficiency Target Scheme
The outcome is than the target as the 2014 state election resulted in fewer briefs being prepared during the caretaker period. Quality Accuracy of estimating gross state product and employment in the State budget per cent =< 1.0 n/a 0.95 n/a 0 n/a The gross state product growth rate estimate is not yet available. The estimate will be available when the ABS State Accounts are released in November 2015. The accuracy of estimating employment growth in 201415 was 0.95 percentage points greater than forecast in the 201415 Budget. Accuracy of estimating State taxation revenue in the State budget per cent =< 5.0 1.9 0 Maintain ISO 9001 (Quality Management Systems) Certification per cent 100 100 0 Timeliness Briefings on key Australian Bureau of Statistics economic data on day of release per cent 100 100 0 Longterm research projects managed within agreed timeframes per cent 100 100 0 Meet financial reporting deadlines per cent 100 100 0 Respond to correspondence within agreed timeframes per cent 85 89 4.7 Cost Total output cost $ million 17.2 17.4 1.2 Economic Regulatory Services This output provides economic regulation of utilities and other specified markets in Victoria to protect the longterm interests of Victorian consumers with regard to price, quality and reliability of essential services. By providing these services, this output contributes to the departmental objective of guiding government actions to increase Victoria’s productivity and competitiveness. Major outputs/deliverables Performance measures Unit of measure 201415 target 201415 actual Performance variation (%) Result Quantity New or revised regulatory instruments issued number 6 6 0 Performance reports for regulated businesses or industries number 4 4 0 Performance reviews and compliance audits of regulated businesses number 102 103 1 Price approvals of regulated businesses number 19 20 5.3 The outcome is higher than the target as a delayed review from 201314 was completed in 201415. Registration and accreditation decisions/approvals in relation to the Victorian Energy Efficiency Target Scheme number 3 000 5 578 85.9
DTF-Annual-Report-2014-15.docx