Direct savings to Government as a consequence of Average income 3.2 Reduction in income permanent Rangers support savings (per $228.28 support payments earning over the person per year) threshold for receipt of Newstart and other allowances Increased revenue for Average increase in Government as a 3.3 Increase in income tax tax revenue (per $5.76 result of increased person per year) taxable income The improved governance is similar to that which might be 3.4 Effective governance of Value of governance $9,065.00 achieved through Indigenous corporations program undergoing a governance education program Government stakeholders observed Annual salary of a that they are more 3.6 Improved engagement Community Relations welcome at, and are $36,083.00 with communities Coordinator for this able to better engage IPA (and others) with, communities through the IPA. No were included. The IPA programs have been promoted Annual salary of a internally and 3.7 Partnership model Strategic Partnerships $49,255.50 externally in promoted Manager for this IPA recognition of their (and others) success. No on-costs were included. An alternative for achieving a similar depth of connections Average annual cost 3.8 Greater respect for and relationships is of Environmental $68,625.00 TEK hiring an Scientist salary environmental scientist. No on-costs were included. Direct savings to Difference in cost Government as a 3.9 Low cost land between land $18.20 consequence of management management on IPAs voluntary commitment and national parks of IPA land Table 4.11 Financial proxies used in the SROI analysis – A detailed description of the valuation of each of the outcomes, including the calculations and the source of the financial proxy, is included in the Methodological Attachment to this report. SROI (Valuation) filters To present an accurate view of the unique value created through the Birriliburu and MKK IPAs, SROI filters are applied to the financial proxies. This is in accordance with the Social Value principle of not
3.2 Reduction in income support payments Average income support savings (per person per year) $228.28 Direct savings to Government as a consequence of permanent Rangers earning over the threshold for receipt of Newstart and other allowances 3.3 Increase in income tax Average increase in tax revenue (per person per year) $5.76 Increased revenue for Government as a result of increased taxable income 3.4 Effective governance of Indigenous corporations Value of governance program $9,065.00 The improved governance is similar to that which might be achieved through undergoing a governance education program 3.6 Improved engagement with communities Annual salary of a Community Relations Coordinator for this IPA (and others) $36,083.00 Government stakeholders observed that they are more welcome at, and are able to better engage with, communities through the IPA. No were included. 3.7 Partnership model promoted Annual salary of a Strategic Partnerships Manager for this IPA (and others) $49,255.50 The IPA programs have been promoted internally and externally in recognition of their success. No on-costs were included. 3.8 Greater respect for TEK Average annual cost of Environmental Scientist salary $68,625.00 An alternative for achieving a similar depth of connections and relationships is hiring an environmental scientist. No on-costs were included. 3.9 Low cost land management Difference in cost between land management on IPAs and national parks $18.20 Direct savings to Government as a consequence of voluntary commitment of IPA land Table 4.11 – Financial proxies used in the SROI analysis A detailed description of the valuation of each of the outcomes, including the calculations and the source of the financial proxy, is included in the Methodological Attachment to this report. SROI (Valuation) filters To present an accurate view of the unique value created through the Birriliburu and MKK IPAs, SROI filters are applied to the financial proxies. This is in accordance with the Social Value principle of not
BB-MKK-SROI.docx