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Note 4. Funding

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

for the year ended 30 June 2017

This section identifies DSHIS's funding structure.

Note 4.1. Appropriations

Note 4.1A: Special appropriations applied ('recoverable GST exclusive')
Authority Appropriation applied
2017 2016
$'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

10,077 9,966
Total special appropriations applied 10,077 9,966

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Note 4.2. Special Accounts

Note 4.2A: Special accounts (recoverable GST exclusive)
  Defence Service
Homes Insurance Account
  2017 2016
  $'000 $'000
Balance brought forward from previous period 2,171 2,412
    Premiums received 42,762 42,143
    Other receipts 4,697 6,731
    Investments credited to the special account 6,563 6,344
Total increases 54,022 55,218
Available for payments 56,193 57,630
Decreases    
Departmental    
    Claim payments (28,392) (29,988)
    Reinsurance premiums paid (7,055) (7,441)
    Other payments (8,027) (8,064)
    PGPA Act section 58 investments (10,077) (9,966)
Total departmental (53,551) (55,459)
Total decreases (53,551) (55,459)
Total balance carried to the next period 2,642 2,171
Balance represented by:    
    Cash held in entity bank accounts  - -
    Cash held in the Official Public Account 2,642 2,171
Total balance carried to the next period 2,642 2,171

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.

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