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Note 4. Funding

Defence Service Homes Insurance Scheme
Notes to and forming part of the Financial Statements

for the period ended 30 June 2018

This section identifies DSHIS's funding structure.

Note 4.1. Appropriations

Note 4.1A: Special appropriations applied ('recoverable GST exclusive')
  Appropriation applied
2018 2017
Authority $'000 $'000

Public Governance, Performance and Accountability Act 2013 s58, Departmental

Purpose: To make all payments by the Commonwealth in connection with its activities as an insurer under the Defence Service Homes Act 1918

 

26,492

 

36,106

Total special appropriations applied 26,492 36,106

The appropriation applied was disclosed on a net basis in the 2016–17 financial statements.

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Note 4.2. Special Accounts

Note 4.2A: Special accounts (recoverable GST exclusive)
  Defence Service Homes
Insurance Account
  2018 2017
  $'000 $'000
Balance brought forward from previous period 2,642 2,171
    Premiums received 42,941 42,762
    Other receipts 6,746 4,697
    Investments credited to the special account 24,364 32,592
Total increases 74,051 80,051
Available for payments 76,693 82,222
Decreases    
Departmental    
    Claim payments (30,779) (28,392)
    Reinsurance premiums paid (6,889) (7,055)
    Other payments (9,335) (8,027)
    PGPA Act section 58 investments (26,492) (36,106)
Total departmental (73,495) (79,580)
Total decreases (73,495) (79,580)
Total balance carried to the next period 3,198 2,642
Balance represented by:    
    Cash held in the Official Public Account 3,198 2,642
Total balance carried to the next period 3,198 2,642

Appropriation: Public Governance, Performance and Accountability Act 2013, s80

Establishing Instrument: Defence Service Homes Act 1918, s40

Purpose: To make all payments by the Commonwealth in connection with its activities as insurer under Defence Service Homes Act 1918, s40.

The ‘Investments credited to the special account’ and ‘PGPA Act section 58 investments’ figures were disclosed on a net basis in the 2016–17 financial statements.

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