DEPARTMENT OF STATE DEVELOPMENT BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS ANNUAL REPORT 2013-14 AND DEVELOPMENT, INNOVATION DEPARTMENT OF STATE DSDBI ANNUAL REPORT 2013-14 This 2013-14 Annual Report covers the Department of State Development, Business and Innovation, an individual entity. Published by the Department of State Development, Business and Innovation. October 2014. Also published on dsdbi.vic.gov.au

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Photography Images courtesy of Energy and Earth Resources, Brand Victoria, Major Projects Victoria and Shutterstock Images If you would like to receive this publication in an alternative format, please email [email protected] This document is also available in an accessible format on the internet at dsdbi.vic.gov.au © Copyright State of Victoria 2014. This publication is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968. Authorised by the Victorian Government, Department of State Development, Business and Innovation 121 Exhibition Street, Melbourne VIC 3000 Postal Address: PO Box 4509, Melbourne VIC 3001 Tel: 1300 366 355 ISSN 2202-6924 (Print) DSDBI 6823 CONTENTS 01 OVERVIEW 2 Secretary’s foreword 3 Department overview 5 Major department changes during 2013-14 5 Organisational chart 6 Governance arrangements 8 Highlights for 2013-14 10 02 SIGNIFICANT ACHIEVEMENTS AND OTHER HIGHLIGHTS AGAINST STRATEGIC OBJECTIVES 12 Assist businesses in accessing skilled workers to align with Victoria’s industry needs 13 Promote Victoria to attract tourists, investors and students 15 Support organisations to boost their productivity through innovation 18 Provide market intelligence and assistance to organisations to make it easy to invest in Victoria 22 Create more opportunities for Victorian businesses to grow and become more productive and competitive in the global marketplace 25 Promote the delivery of safe, reliable and competitive energy services, and grow a sustainable resources sector 31 03 FINANCIAL REPORT 34 04 APPENDICES 116

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 1 01 OVERVIEW

2 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 01 OVERVIEW

SECRETARY’S FOREWORD

ECONOMIC CONTEXT forecast to grow to 2.5 per cent in 2014-15 from a Trade forecast 2.0 per cent in 2013-14. These improved Economic conditions in the state were subdued but In recent years the department’s Trade Engagement conditions will complement the state’s existing stable in 2013-14. Victoria’s economic growth over Program has been highly successful in promoting strengths, including our links to emerging and the year continued to reflect an economy hampered Victorian industry capability and providing direct established economies in Asia, the United States by fluctuating consumer and business sentiment support for companies to develop new skills and of America (USA) and Europe; our world-class and weak private investment and jobs growth. State export markets. Building on the positive momentum health and education sectors; our significant natural final demand rose 1.8 per cent over the year to generated in previous years, in 2013-14 the resources base; and the attraction of Melbourne to March 2014 with consumption contributing almost department conducted a series of outbound trade international tourists and associated activities such all the growth over that period, although housing missions for 900 organisations, including four as major events and conventions. investment was also important. Super Trade Missions (STM) to China, the Middle East and Turkey, India and South-East While interest rates remained low, limited overall THE DEPARTMENT Asia. Alongside the STM Program the Victorian demand meant that businesses were cautious 2013-14 was a year of change and consolidation Government also continued its series of smaller- and focused on maintaining markets rather than at the Department of State Development, Business scale targeted trade missions, including a investing for growth. This is reflected in a slight and Innovation (DSDBI) as the department mission to the USA to promote Victoria’s strong decline in private business investment in the year incorporated three new functions - energy and earth defence and aerospace capabilities and develop to March 2014. The declining share of resources, whole-of-Victorian Government (WoVG) relationships formed on previous defence missions. manufacturing in the economy – a transition information and communication technology (ICT) Complementing the outbound trade mission which has been occurring for at least twenty and Regional Development Victoria (RDV) - and program, the department conducted 12 inbound years – will mean a smaller ongoing contribution established the Office of State Development (OSD) trade missions including International Food and from manufacturing to business investment but to streamline investment facilitation activities. Beverage Week, Australian Automotive Week and ultimately a more diverse economy with greater the Melbourne-Latin America Education Symposium. resilience to industry-specific shocks. The department’s chief aim – to encourage economic growth through a supportive business To encourage growth in Victoria’s tourism market, Employment conditions in Victoria have remained environment – is underpinned by a focus on in 2013 Tourism Victoria launched two pivotal soft with the rate of job growth trailing population expanding markets for Victorian businesses, strategies, Victoria’s 2020 Tourism Strategy and growth. Unemployment has risen while attracting foreign investment to the state and Victoria’s Regional Tourism Strategy 2013-16, participation has trailed off, partly due to the ageing enhancing business productivity through innovation providing industry leadership for the future. of the workforce but also due to weak employment and red tape reduction. Victoria’s 2020 Tourism Strategy outlines the demand and scarce opportunities. However, despite Government’s plan to increase overnight tourism this, labour market conditions are stronger than The department’s Business Engagement Model expenditure to $24.7 billion by 2020. This represents experienced in previous periods of adjustment such supports our efforts towards these objectives annual growth of 6.6 per cent, in line with the long- as the early 1990s. Population growth has remained by enabling us to work directly with businesses term national tourism strategy. Victoria’s Regional a key support for the labour market, fuelled by both to understand their needs. Over the year the Tourism Strategy was developed to stimulate net overseas and interstate migration, reflecting department’s Business Development Managers, tourism in regional areas and ensure that regional the attractive liveability and sound economic based in five metropolitan and 18 regional Victoria will share the economic benefits of the prospects of the state. offices, as well as 17 international Victorian Government Business Offices (VGBO) engaged tourism market. Tourism Victoria will implement Positive outcomes were seen in relation to exports, with 13,000 companies. both strategies in partnership with regional tourism with exports from Victoria growing during 2013. boards, local government, industry and other Goods exports grew strongly, led by food items, Details of the department’s achievements in stakeholders to increase visitation to the state, while tourism was a major area of growth in 2013-14 are contained throughout this report. particularly regional Victoria. services exports. Exchange rates moderated They confirm that DSDBI has had a successful year. during 2013, compared with highs in recent years. However, they have strengthened slightly again in 2014, leading to growing import competition. After a period of restrained growth, Victoria’s economic performance looks set to improve in 2014- 15. Buoyed by stronger household consumption and private investment, real gross state product is

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 3 01 OVERVIEW

Investment Whole of Victorian Government ICT Regional development The department continued to actively pursue The Government’s ICT performance is a key focus In response to the recommendations of the Victorian investment in the state by local and international for the department. In March 2014, a refreshed Bushfires Royal Commission in 2013-14 the companies. In 2013-14, the department investment Victorian Government ICT Strategy was released department began rolling out the Powerline Bushfire attraction and facilitation activities helped create to further improve digital channels for citizens and Safety Program (PBSP). In the first half of 2014, 6,300 full-time equivalent (FTE) jobs across 200 businesses, and standardise systems and processes approximately 45 kilometres of powerlines were major investment projects worth more than to improve the productivity of government. replaced with underground or aerial bundled cable $2.6 billion. A headline project was Exelis, a Significant savings have been achieved through in high fire risk areas (including work in the Otway global defence company establishing its Asia renegotiation of WoVG telecommunications Ranges and the Dandenong Ranges) and 30 back-up Pacific regional headquarters in Melbourne. The and software licensing contracts, reflecting power generators were installed in residential care department’s investment attraction and facilitation the commitment to be more strategic in the facilities for vulnerable Victorians. activities were further supported by the introduction procurement of ICT products and services and RDV continued to support projects that drive regional of the Significant Investment Desks in VGBOs in achieve better value for money. economies and help manage regional growth. For China (Shanghai), United Kingdom (UK)/Europe example, in 2013-14 the Regional Growth Fund (RGF) (London), South-East Asia (Kuala Lumpur) and Business competitiveness and committed $1.2 million to the development of Philip India (Bangalore). The desks provide Victoria with consumer support Island’s tourism offerings, and $1.5 million towards an opportunity to capitalise on its position as the The department has also continued its efforts to Burra Foods’ $22 million expansion of its infant leading Australian destination for business and support Victorian small businesses at a regulatory formula production facility in Korumburra, illustrating investor migrants. and enterprise level. Amendments to the Small the diverse ways in which the productive potential The Major Projects portfolio achievements in Business Commissioner Act 2003 were passed of regional industries can be strengthened through 2013-14 included substantial progress on the to strengthen the powers and functions of the careful government investment. first stage of the $366 million Melbourne Park Victorian Small Business Commissioner to improve Redevelopment which will be completed in time low cost business-to-business dispute resolution Conclusion for the 2015 Australian Open. Substantial progress services. The Commissioner now has specific The department has demonstrated its ability to was also achieved on the $45 million Galleries authority to help small businesses in dispute with remain focused during a period of change and I of Remembrance Project, which developed a Victorian government departments, local councils would like to thank all officers for their continuing new gallery and education space underneath the and other Government agencies. hard work and professionalism. Shrine of Remembrance. Practical completion In 2013 the first ‘Support Small Business Day’ was was achieved approximately 12 weeks ahead of held to encourage Victorians to explore their local schedule and on budget. In late June 2014 the community and spend at local small businesses. Premier of Victoria the Hon. Dr Denis Napthine MP, the Hon. David Hodgett MP and the Hon. Kim Wells The earth resources sector makes a significant contribution to the Victorian economy, employing MP officially opened the $109 million Victorian over 7,700 Victorians and contributing $6.4 billion Emergency Management Training Centre (VEMTC), Howard Ronaldson to Victoria’s gross state product. A safe, reliable a world-class emergency services training facility Secretary and competitive energy sector is crucial to Victoria’s located in Craigieburn, which gives all Victorian Department of State Development, competitiveness and consumer wellbeing. emergency services agencies access to real-life Business and Innovation firefighting training scenarios. In order to improve information to energy consumers Recognising that strategic investment in Victoria’s and maximise the benefits of smart meters, in mining industry is needed to maximise the sector’s September 2013 the Government supported potential, in 2013-14 the department established energy retailers to launch flexible electricity pricing Minerals Development Victoria (MDV) as a single options which will give Victorian consumers more point-of-entry for investors and the lead agency for choice and a new independent online tool to help facilitating approvals for new resource projects and consumers choose pricing plans that can save them developments in Victoria. money. The My Power Planner electricity price comparison website, the first of its kind in Australia, has provided price comparisons and identified annual savings to over 70,000 customers.

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MAJOR DEPARTMENT DEPARTMENT OVERVIEW CHANGES DURING 2013-14

MISSION STATEMENT CHANGES IN MINISTERIAL APPOINTMENTS DSDBI is the Victorian Government’s lead agency for the promotion and facilitation of the state’s On 17 March 2014, on the advice of the Premier economic development. The department develops of Victoria the Hon. Dr Denis Napthine MP, the and implements a diverse range of programs, Governor of Victoria His Excellency the Hon. Alex initiatives and projects designed to attract and Chernov AC QC withdrew the following Ministerial facilitate investment, encourage exports, generate appointments relevant to the department: job opportunities, stimulate innovation and promote >> The Hon. Louise Asher MP, Victoria nationally and internationally. as Minister for Innovation, Services and Small Business OBJECTIVES >> The Hon. Nicholas Kotsiras MP, >> Assist businesses in accessing skilled workers as Minister for Energy and Resources. to align with Victoria’s industry needs The Governor of Victoria made the following >> Promote Victoria to attract tourists, investors Ministerial appointments: and students >> The Hon. Louise Asher, MP, >> Support organisations to boost their productivity as Minister for Innovation through innovation >> Mr Russell Northe MP, >> Provide market intelligence and assistance to as Minister for Energy and Resources and organisations to make it easy to invest in Victoria Minister for Small Business. >> Create more opportunities for Victorian businesses to grow and become more productive and competitive in the global marketplace >> Promote the delivery of safe, reliable and competitive energy services, and grow a sustainable resources sector.

VALUES The department has embraced the organisational values of accountability, respect, responsiveness, integrity, impartiality and leadership, which are outlined in the Public Administration Act 2004.

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ORGANISATIONAL CHART Department of State Development, Business and Innovation (at 30 June 2014)

MINISTER FOR MINISTER FOR INNOVATION MINISTER FOR ENERGY AND RESOURCES MINISTER FOR TOURISM MAJOR PROJECTS MINISTER FOR AND MAJOR EVENTS MINISTER FOR SMALL BUSINESS MINISTER FOR EMPLOYMENT MANUFACTURING The Hon. Russell Northe MP AND TRADE The Hon. David Hodgett MP The Hon. Louise Asher MP

PARLIAMENTARY SECRETARY TOURISM AND TRADE Tim McCurdy MP

VICTORIAN SMALL BUSINESS COMMISSIONER SECRETARY Geoff Browne Howard Ronaldson

RISK AND AUDIT COMMITTEE

OFFICE OF THE CHIEF ENERGY AND INNOVATION, SERVICES, TOURISM AND TRADE, MANUFACTURING, OPERATING OFFICER EARTH RESOURCES SMALL BUSINESS AND AIRLINE SERVICES AVIATION AND Chief Operating Officer Deputy Secretary TECHNOLOGY Chief Executive/ EMPLOYMENT Sue Jaquinot Sandra Denis Chief Technology Advocate/ Deputy Secretary Deputy Secretary Deputy Secretary Leigh Harry Marion Van Rooden Grantly Mailes

Inner Melbourne VGBO CarbonNet Project Digital Government Strategy, Policy and Aviation, Defence Corporate Services and Aerospace

Northern Metropolitan Earth Resources ICT Innovation Tourism Investment Industry Programs VGBO Development Attraction

Southern Metropolitan Energy Sector Development ICT Procurement Tourism Marketing International Education, VGBO Migration and Employment >> International Marketing and Air Services >> Destination and Product Marketing Eastern Metropolitan VGBO Energy Technology Innovation, Technology and >> Destination International Innovation Industry Programs Communication Victorian Government Business Offices >> Online Marketing

Western Metropolitan Strategic Policy Energy and Small Business Trade VGBO Earth Resources

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MINISTER FOR MINISTER FOR TECHNOLOGY MINISTER FOR STATE REGIONAL CITIES MINISTER RESPONSIBLE FOR DEVELOPMENT The Hon. Dr Denis Napthine THE AVIATION INDUSTRY MINISTER FOR REGIONAL AND RURAL DEVELOPMENT MP The Hon. Gordon Rich-Phillips MLC The Hon. Peter Ryan MP

PARLIAMENTARY SECRETARY FOR REGIONAL DEVELOPMENT Peter Crisp MP

RED TAPE COMMISSIONER John Lloyd

MAJOR PROJECTS POLICY CORPORATE, PLANNING OFFICE OF STATE REGIONAL Deputy Secretary Deputy Secretary AND COMPLIANCE DEVELOPMENT DEVELOPMENT VICTORIA SERVICES Peter Noble Sam Rosevear Deputy Secretary Chief Executive/ Deputy Secretary Matt Carrick Deputy Secretary Rob Barr Lachlan Bruce

Governance and Cabinet and Crisis and Emergency International Marketing and Business Business Services Legislative Services Management Business Events Engagement

Major Projects Victoria Infrastructure Policy Earth Resources Invest Assist Economic Infrastructure Regulation Victoria

Portfolio Client Projects International Policy Finance and Business Invest Victoria Regional Offices Services >> Aboriginal Affairs >> Regional Delivery >> Sport and Recreation State Development Mining Warden Human Resources Regulation Review >> Planning Project Delivery >> Regional Management Forums >> Regional Business Engagement Policy and Research Information Management State Development >> Regional Development and Technology Projects Australia

Regulation Policy Legal, Audit and Risk Regional Policy and Planning

Strategic Communication Regional Programs and Marketing and Recovery

Strategic Planning and Ministerial Services

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 7 01 OVERVIEW

GOVERNANCE ARRANGEMENTS

The systems by which organisations are directed DEPARTMENT COMMITTEES and controlled provide the foundations for sound The Secretary is assisted by key committees, decision-making and accountability. including the following: The department’s governance framework: Planning Committee >> contains clearly defined structures and relationships Chaired by the Secretary: assesses strategic plans of divisions and departmental entities on portfolio >> has established processes for developing priorities, risks and financial performance (and organisational strategy and direction financial viability of entities) to inform business >> ensures compliance and accountability planning, budget preparation and reporting. >> maintains performance monitoring and review processes. Information Management and Technology Strategy Board The Secretary, as head of the department, is accountable to the department’s Ministers for Chaired by the Deputy Secretary, Innovation, Small governance of the department. The Secretary Business and Technology: provides strategies for chairs the Senior Management Meeting (SMM), information management initiatives and significant the strategically focused leadership forum that new business systems, and establishes the comprises the Deputy Secretaries, the Director, appropriate governance arrangements. Strategic Communication and Marketing, and the Executive Director Strategic Planning and Information Management Governance Committee Ministerial Services. Chaired by the Chief Operating Officer: The SMM is responsible for: ensures information management is in line with >> developing and monitoring the department’s WoVG information management principles, strategic directions, consistent with monitors the implementation of the Managing government policy decisions Information Strategy, builds organisational >> setting and reviewing economic development capability in information management, and policy and strategy monitors and reports compliance with WoVG information-related standards. >> setting the framework for critical processes to allocate resources across different Information Security Committee divisions and activities Chaired by the Deputy Secretary, Corporate, >> prioritising work and allocating funding, within Planning and Compliance Services: ensures scope permitted by the budget process information security practices, including policies, >> monitoring departmental performance in line systems and employee awareness, are effective with agreed key performance indicators in maintaining the integrity of departmental information and are compliant with relevant >> establishing governance systems and processes legislation and standards. >> communications and stakeholder management in relation to Ministers and external stakeholders Accredited Purchasing Unit >> developing and managing staff. Chaired by the Deputy Secretary, Corporate, Planning and Compliance Services: oversees the department’s procurement and contracting process through delegated powers assigned by the Victorian Government Purchasing Board, excluding construction related projects and Tourism Victoria procurement which are separately governed.

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Occupational Health and Safety Committee RISK AND AUDIT COMMITTEE Chaired by the Deputy Secretary, Corporate, MEMBERSHIP AND ROLES Planning and Compliance Services: facilitates Risk and Audit Committee membership and roles: cooperation and consultation between the >> Michael Perry – Independent chair department and employees in instigating, developing and implementing initiatives designed >> Fiona Bennett – Independent member to ensure the health and safety of employees and (to March 2014) compliance with relevant occupational health and >> Peter Lewinski – Independent member safety (OH&S) legislation. >> Mark Darmody – Independent member. People Committee The Risk and Audit Committee is an independent body established in accordance with the Financial Chaired by the Chief Operating Officer: Management Act 1994. It oversees and advises the guides the development of departmental workforce Secretary on: and people strategies, shapes organisational culture and monitors the delivery of key >> the scope of work, performance and initiatives and practices. independence of internal audit >> the engagement and dismissal by management Environment Steering Committee of any chief internal audit executive Chaired by the Deputy Secretary, Corporate, >> the scope of work, independence and Planning and Compliance Services: endorses the performance of the external auditor department’s Environment Policy, environmental management system and Annual Environmental >> the operation and implementation of the risk Management Program, and ensures compliance management framework with relevant audit and reporting requirements. >> matters of accountability and internal control affecting the operations of the department Communications Management Committee >> the effectiveness of management information Chaired by the Director, Strategic Communication systems and other systems of internal control and Marketing: provides strategic oversight of >> the appropriateness of the accounting treatment key communications strategies and activities, and disclosure of significant and/or non-recurring ensuring they are best-practice and comply transactions entered into by the department with WoVG and departmental communications requirements and standards. >> the sign-off of accounting policies >> the department’s process for monitoring Investment Committee compliance with laws and regulations and its own Chaired by an independent chair: ensures that Code of Conduct, and Code of Financial Practice. the provision of grant funding to private sector recipients through the appropriation of public funds accords with government economic and/or business development policy objectives; reflects the department’s prevailing policies, standards and guidelines for the provision of grants; and is based upon prudent financial assessment and analysis as to the operational and financial viability of private sector recipients.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 9 01 OVERVIEW

HIGHLIGHTS FOR 2013-14

STRENGTHENED BUSINESS VICTORIA’S 2020 TOURISM STRATEGY ENGAGEMENT MODEL >> The launch of this significant strategy provided >> The department engaged 13,000 businesses details of plans to grow Victoria’s overnight through its enhanced business engagement model. tourism expenditure by 6.6 per cent annually.

INVESTMENT FACILITATION AND INTERNATIONAL EDUCATION STRATEGY JOB OUTCOMES FOR VICTORIA 2013-2018 (IES) >> DSDBI facilitated more than 200 investment >> Released in October 2013, this strategy projects worth more than $2.6 billion and articulated the clear vision and detailed four projected to generate more than 6,300 jobs. action areas to support growth of Victoria’s largest export industry. INAUGURAL VICTORIAN INTERNATIONAL EDUCATION AWARDS (VIEA) ESTABLISHMENT OF INNOVATION AND >> The department presented the inaugural VIEA INVESTMENT FUNDS which recognise outstanding achievement and >> Funds with a value of $54 million were excellence in international education in Victoria. established to support Geelong and Melbourne North following Ford Australia and LAUNCH OF THE GLOBAL HEALTH Alcoa Australia Ltd’s announcements to cease MELBOURNE PLAN manufacturing in Australia. The $29.5 million >> Launched in April 2014, the Global Health Geelong Regional Innovation and Investment Melbourne Plan was developed to help showcase Fund (GRIIF) and the $24.5 million Melbourne Victoria’s health goods and services in some of North Innovation and Investment Fund (MNIIF) the world’s fastest-growing markets. will support innovative projects that generate sustainable new jobs and enhance and 2014 REGIONAL VICTORIA LIVING EXPO diversify the two regions’ economies and >> In its third year, the Expo saw increased visitor employment bases. numbers from previous years. The event continues LAUNCH OF THE DRIVING BUSINESS to drive population and investment growth in INNOVATION PROGRAM regional and rural Victoria by showcasing to Melbournians all 48 regional and rural councils. >> A new $16 million grants program was launched to provide small to medium businesses with ESTABLISHMENT OF THE OFFICE OF access to grants to develop new products and STATE DEVELOPMENT services for government customers. >> OSD was established to drive Victorian growth GLOBAL COMPANIES ATTRACTED and investment, and identify and capture TO MELBOURNE significant investment opportunities for Victoria from both within Australia and internationally. >> Melbourne continued to be a destination of choice for international companies, with Asurion, Grupo VICTORIA’S REGIONAL TOURISM Aliberico, MUJI and H&M amongst significant STRATEGY 2013-16 companies announcing they would either >> Released in December 2013, the department establish offices or open their doors, creating continued to progress work on the short and hundreds of jobs in Victoria. medium term actions laid out in the strategy across the five overarching policy areas.

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DELIVERY OF SIGNIFICANT MAJOR FIRST SUPPORT SMALL BUSINESS DAY VICTORIAN INFRASTRUCTURE PROJECTS >> Support Small Business Day was held in October >> The department continued to play a prominent 2013 to encourage Victorians to explore and role in Victorian infrastructure development. spend locally at more than half a million of Stage two of the $338 million Melbourne Park Victoria’s local small businesses. Redevelopment was announced, substantial progress was achieved on the $45 million Shrine: LAUNCH OF THE ESERVICES REGISTER Galleries of Remembrance Project, and the $109 >> A new ICT procurement portal was launched million VEMTC was opened. A design competition to provide a simplified process for Victorian ICT was held to redevelop Flinders Street railway companies bidding for government work. More station and surrounds, and significant progress than 1,000 requests for quote were posted in was made on the relocation of Melbourne’s its first year of operation. wholesale fruit and vegetable markets to Epping. ADVANCED LIGNITE DEMONSTRATION MELBOURNE RAIL CORRIDOR PROJECTS PROGRAM (ALDP) >> The department continued progressing business >> The department continued work on the program, cases for Melbourne’s Richmond to Footscray which ultimately aims to produce high-value rail corridor, focussing on four projects – E-Gate, energy products for local and export markets. Federation Square East, Richmond Station and Flinders Street Station. ESTABLISHMENT OF MINERALS DEVELOPMENT VICTORIA TRADE MISSIONS SUPPORT ENGAGEMENT WITH INTERNATIONAL MARKETS >> MDV was established to assist investors to get new exploration, mining and quarrying projects >> The department hosted 900 Victorian through the multi-agency approvals process. organisations on 16 outbound trade missions, including STMs to China, the Middle East and ADVANCED METERING INFRASTRUCTURE Turkey, India and South-East Asia. These trade (AMI) PROGRAM missions are projected to reap more than >> The rollout of 2.6 million smart meters to Victorian $914 million in export sales in the next 24 months. households and small businesses through the REGIONAL GROWTH FUND AMI Program neared completion, ensuring the remotely read meters are now the standard >> In its third year, the RGF is an initiative providing electricity meter in Victoria. $1 billion over eight years to regional and rural Victoria to help create more jobs and improved POWERLINE BUSHFIRE SAFETY PROGRAM career opportunities. In 2013-14 the RGF >> The department continued to deliver on continued to support a range of strategic and Recommendations 27 and 32 of the Victorian community led initiatives across regional and Bushfire Royal Commission, including replacing rural Victoria. approximately 45 kilometres of powerlines and LATROBE VALLEY INDUSTRY AND installing 30 diesel back-up generators in EMPLOYMENT ROADMAP (LVIER) regional and rural residential care facilities. >> A total of 438 new jobs have now been created and 28 projects supported since the inception of LVIER in 2012 as a long-term plan for future industry and employment growth in the Latrobe Valley.

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ASSIST BUSINESSES IN ACCESSING SKILLED WORKERS TO ALIGN WITH VICTORIA’S INDUSTRY NEEDS SIGNIFICANT ACHIEVEMENTS INAUGURAL VICTORIAN INTERNATIONAL EDUCATION AWARDS BUSINESS ENGAGEMENT MODEL International education is Victoria’s largest export The Business Engagement Model continued to industry. The VIEAs showcase the innovative work help the department build close working of Victorian international education providers in relationships with businesses and capture important delivering world-class education, and reward information, enabling the development of programs exceptional students with individual scholarships of and policies to help businesses realise their full $10,000. This year, three international students won potential. Business Development Managers scholarships and nine local educational institutions engaged with 13,000 businesses this past year and were acknowledged for their excellence. In 2013 managed their needs through a network of local RMIT University received the Premier’s Award - and international VGBOs and regional offices. This International Education Provider of the Year. figure exceeded the target of 12,000 and consisted of 10,100 unique meetings and an additional LAUNCH OF EMPLOYMENT START UP 2,900 engagements through investment and trade FOR BUSINESS GRANT PROGRAM opportunities, small business programs and export Launched in July 2013 by the Hon. Louise Asher MP, skills programs. this $7.5 million program aims to assist up to 1,750 Highlights this year included: unemployed young Victorians aged 15–25 obtain work. Small and medium enterprises (SMEs) that >> Ford Jobs Fair employ a young Victorian receive a $4,000 grant >> Virgin Australia Melbourne Fashion Festival towards accredited training tailored to a specific >> Melbourne Celebrates Mining dinner workplace and job description. The grant is paid in two instalments; $1,000 upon hiring into a role for >> Food innovation workshops with La Trobe at least 30 hours a week and $3,000 after 16 weeks’ University, RMIT University and other universities employment and the start of accredited training. >> Christchurch Recovery Event. EXPANDING THE HAMER SCHOLARSHIPS INVESTMENT FACILITATION AND JOB OUTCOMES The Hamer Scholarships were established in 2012 to improve the Victorian workforce’s Chinese In 2013-14 the department facilitated more language and cultural skills, and this year they than 200 investment projects worth more than were expanded to include Indonesia, Japan and $2.6 billion of capital investment which are Korea. Improving language skills and understanding projected to generate more than 6,300 full time of these unique and diverse cultures will help equivalent jobs. Victoria’s local industries and businesses to better These results were achieved through the engage with these dynamic markets. During the department’s strengthened Business Engagement year 46 scholarships were awarded to Victorian Model. The investments were facilitated across professionals and students to undertake offices in metropolitan Victoria, regional Victoria intensive language studies at selected and the department’s international network. universities and institutions.

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OTHER ACHIEVEMENTS Through the state nomination process Victoria nominated 1,123 new business migrants The Business in Transition Support (BiTS) for visas. Program is a $3 million initiative over four years The Employment Start Up for Indigenous Job to reduce the impact of retrenchments, particularly Seekers Program provides placement services in manufacturing and in regional communities. and support for indigenous jobseekers, and jobs- To date BiTS has assisted 94 businesses and linked training and support for businesses seeking distributed more than 3,300 information packs to employ Aboriginal people. This year $3.9 to retrenched workers. million was committed to find jobs for at least 380 The Export Skills Program offers 16 workshops indigenous people by June 2014. The department across four topics, free to any business across ended the year with 337 individuals completing metropolitan Melbourne and regional Victoria. 16 weeks of employment and 34 well on their A total of 210 businesses accessed the service way towards it. this year. In June 2014, the $3 million ICT Workforce The Victorian Government committed $400,000 Development Plan was launched to help ensure over four years to the Overseas Skills Registry that Victoria’s ICT workforce can drive future which was launched this year. The Registry aims innovation and economic growth. to encourage connections between Victorian employers and professional migrants with overseas qualifications living in Victoria.

This year Victoria nominated 1,487 skilled migrants for visas including 105 international PhD graduates who had studied in Victoria. The top industries for nominations were ICT, nursing, biotechnology and science.

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PROMOTE VICTORIA TO ATTRACT TOURISTS, INVESTORS AND STUDENTS SIGNIFICANT ACHIEVEMENTS SIGNIFICANT INVESTOR DIRECTORY AND DESKS IN SHANGHAI AND LONDON LAUNCH OF THE GLOBAL HEALTH MELBOURNE PLAN Business migrants able to invest at least $5 million into complying investments can apply for the The Government allocated $17.8 million over three Significant Investor Visa and seek state or territory years to deliver the Global Health Melbourne Plan nomination. Launched in March 2013, the Significant – taking Victoria’s health strengths to the world. Investor Services Directory provides an online listing Health is a global growth market, driven by ageing of Victorian businesses offering significant investors populations and a growing middle class, especially relevant financial and legal advice. in China and India. The plan will leverage Victoria’s world-renowned capabilities in health and aged A Significant Investor Desk was set up in the care to capture this growth and create jobs and new Shanghai VGBO to attract and service high net trade opportunities, while also ensuring the highest worth individuals who are interested in investing in quality health systems in Victoria. Victoria. More than 150 events have been organised across China to promote Victoria as the preferred 2014 REGIONAL VICTORIA LIVING EXPO destination for private investment. More than 5,500 potential migrants and intermediaries sought The Regional Victoria Living Expo is a key initiative information at these events. in the Government’s strategy to drive population and investment growth in regional and rural Victoria. 2014 The UK/Europe Significant Investor Desk in London was the Expo’s third year and brought all of Victoria’s has been in operation for about six months and 48 regional and rural councils together. Attracting has focused on establishing contacts and hosting a more than 9,600 visitors, Melbournians were given small number of events. the chance to better understand the opportunities In 2013-14, Significant Investment Desks were regional and rural Victoria has to offer, and everything also established in South-East Asia (Kuala Lumpur, they needed to know to relocate there. Malaysia), and in India (Bangalore).

ESTABLISHMENT OF THE VICTORIA’S REGIONAL TOURISM OFFICE OF STATE DEVELOPMENT STRATEGY 2013-16 OSD was established on 1 July 2013 to focus on Released in December 2013, Victoria’s Regional promoting Victoria as a place to invest and coordinate Tourism Strategy 2013-16 provides the platform investment activities across the department. for regional areas to benefit from the growth A large of number of international investors and of Victorian tourism. Its five key priority areas companies were actively assisted during the year are marketing, digital excellence, major events leading to the attraction of 37 new international and business events, investment attraction and investors to Victoria. This resulted in approximately infrastructure support, and industry development. $400 million in capital investment and the creation of more than 1,400 new jobs.

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VICTORIA’S 2020 TOURISM STRATEGY VIRGIN AUSTRALIA MELBOURNE FASHION FESTIVAL In mid-2013 Tourism Victoria launched Victoria’s 2020 Tourism Strategy to ensure Victoria realises The Virgin Australia Melbourne Fashion Festival its full potential as a tourism destination of choice is one of the highlights of Melbourne’s major for international travellers, particularly those from event calendar, stimulating retail and tourism fast-growing Asian economies and across Australia. while showcasing established and emerging local The strategy outlines the Government’s plan to grow designers. This year’s Festival attracted more than overnight tourism expenditure within the state to 377,500 attendees, reached a global audience $24.7 billion by 2020. This represents an annual in excess of 650,000 via the Festival’s online growth of 6.6 per cent, in line with the long-term activities, and achieved more than $90 million in national tourism strategy. Tourism Victoria will publicity value. The Festival has a strong impact implement the strategy in partnership with regional on the Australian fashion and retail sectors in tourism boards, local government, industry and terms of visitation, job creation, skills and business other stakeholders. development. Spending prior to or as a result of attending a Festival fashion event was up 50.9 per MELBOURNE REMOTE CONTROL cent in 2014 compared to 2013. Fashion events TOURIST (RCT) were also held in Bendigo, Ballarat, Castlemaine, In October 2013, Melbourne launched the world’s Mildura and Rutherglen in 2014. first RCT, a continuation of Tourism Victoria’s successful Play Melbourne campaign. Using MELBOURNE SPRING FASHION WEEK 2013 social media, camera technology and state-of- The 2013 Melbourne Spring Fashion Week was the-art interactivity, four RCTs live-streamed their a highly successful showcase of new Australian adventures around Melbourne from 9-13 October spring and summer fashion, and through its industry 2013. The final statistics showed there were more program, inspired best practice, innovation and than 233,000 unique visitors to the website, from business growth as well as promotion of Victoria’s 175 countries and 5,800 cities, who averaged more creative business talent. The 2013 program than six minutes each on the site. The campaign launched Spring/Summer 2014-15 ready-to-wear also attracted 1.59 million views on YouTube, digital collections across 213 events, and was attended advertising on online video websites, and 12,000 by 45,000 people who collectively contributed social media mentions, resulting in more than $3.5 million to Melbourne’s economy via in-store 60 million social media impressions. purchases and hospitality expenditure.

CONNECT 2014 INTERNATIONAL EDUCATION STRATEGY The Victorian Government sponsored Connect 2014, FOR VICTORIA 2013-2018 a two-day ICT and emerging technology exhibition During the past year international education added featuring conferences, educational seminars, live $4.4 billion to the economy and generated more demonstrations and technology zones. Senior-level than 30,000 full-time jobs. Following their education executives learned about opportunities presented in Victoria, many students return home to senior by evolving communication networks, devices and government and business roles and maintain strong applications, whilst technology suppliers enjoyed and lasting links to Victoria. The IES was released direct access to decision makers, and the public by the Premier of Victoria the Hon. Dr Denis saw the next generation of devices and products. Napthine MP in October 2013 and seeks to position Connect 2014 is an exciting, new ICT event in Victoria as the leading provider of education Victoria and is expected to grow significantly in the Asia Pacific region. The IES includes 19 over the coming years. initiatives across four strategic action areas: market development, quality education, student experience, and marketing and branding. The IES is supported by $17.5 million funding over four years.

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PUBLIC TRANSPORT DISCOUNTS FOR OTHER ACHIEVEMENTS INTERNATIONAL STUDENTS Victoria is set to become an even more appealing The third Indian Film Festival Melbourne destination for overseas students with a new reinforced the strong bonds between the Victorian scheme offering a 50 per cent discount on annual and Indian film industry, featuring more than public transport tickets for eligible students. The 40 films in 20 languages. scheme will be trialled for three years from 2015 in In March 2014, the Latin America Education partnership with participating education providers. Symposium brought together senior representatives from government, funding MELBOURNE CELEBRATES agencies, research institutes, universities and MINING DINNER vocational training institutions from across Latin The Victorian Government hosted the Melbourne America and Victoria. Delegates discussed areas Celebrates Mining dinner during the Mines and of common interest in research, education and Money Conference in October 2013, and announced industry-based training, and explored opportunities the International Mining and Resources Conference for partnerships and collaborations. Latin America to be held in September 2014. is identified as a strategic market for further international education collaboration. The event attracted more than 550 attendees from the mining and mining services sector including key Five $90,000 Victorian International decision makers from multinational agencies. Research Scholarships were made available for PhD candidates commencing at Victorian MELBOURNE FOOD AND WINE FESTIVAL universities in 2015. Launched at a pop-up kitchen, bar and rain garden The $90,000 Victoria India Doctoral anchored to the Yarra, the 2014 Melbourne Food Scholarships support talented Indian scholars and Wine Festival theme celebrated water. to complete leading research that could benefit Around 250,000 people attended more than 200 communities in both India and Victoria. The three events at a range of venues all around the state, 2014 recipients were announced at a Victorian including more than 70 events in regional Victoria. Connection alumni networking event in Mumbai. The Government will continue its successful partnership with the Festival. On 27 February 2014 Melbourne hosted the National iAwards in the Government announced support for the 2014, August 2013, Australia’s premier awards program 2015 and 2016 events. for recognising companies at the cutting-edge of technology innovation, and the nation’s leading MELBOURNE RETAIL AND HOSPITALITY ICT professionals. Victorian iAward winners were STRATEGY 2013-17 supported to attend the Asia Pacific ICT Awards Retail and hospitality contribute $8.7 billion or 10 ceremony held in Hong Kong in November 2013. per cent to the City of Melbourne’s economy each In an $8 million collaboration, world-leading software year. As part of a new four-year strategy, the City of company Microsoft partnered with the University Melbourne and the Victorian Government will work of Melbourne and the Victorian Government to with businesses to encourage collaboration and establish a major research centre dedicated to innovation, find new ways of attracting people to new social interactive technologies. the city, and maintain a diverse, authentic offering. Global company Exelis has established a state- of-the-art research and development (R&D), testing and systems integration facility in Melbourne that will support both local and export opportunities and create more than 60 new jobs.

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SUPPORT ORGANISATIONS TO BOOST THEIR PRODUCTIVITY THROUGH INNOVATION SIGNIFICANT ACHIEVEMENTS THE MANUFACTURING HALL OF FAME GEELONG REGIONAL INNOVATION The Manufacturing Hall of Fame recognises the AND INVESTMENT FUND innovation, productivity and contribution made by manufacturers to the Victorian economy. The Victorian Government, in partnership with the Coordinated by the department, the theme of the Federal Government and Ford Australia, established 2014 Awards was Transformative Manufacturing GRIIF following Ford’s announcement that it Technologies, which highlighted technologies would cease vehicle and engine manufacturing in that increase productivity and site capacity while Australia from October 2016. Alcoa Australia Ltd significantly reducing process time and energy use. also agreed to contribute towards GRIIF in response The Manufacturer of the Year Awards went to to its announcement of the closure of its Point SRX Global (Australia) (large business), Future Fibre Henry aluminium smelter and two rolling mills in Technologies (medium business) and Thermofilm Australia by the end of 2014. The $29.5 million Australia (small business). Tom Hartley of Hilton fund supports innovative projects for generating Manufacturing and Ralph Wilson Snr of Willow sustainable new jobs that enhance and diversify Ware Australia were recognised on the Honour Roll, Geelong’s regional economy and employment base. and Matthew Arblaster of Bayer Material Science The first successful grant of $5 million was awarded received the Young Manufacturer of the Year award. in March 2014 to Carbon Revolution, a firm making ‘one piece’ carbon fibre wheels. By building a larger ESTABLISHMENT OF THE Geelong facility the company is expected to create OFFICE OF THE LEAD SCIENTIST (OLS) 108 new full-time jobs. To date, five projects have been awarded $8.4 million of grant funding towards Established in July 2013, the OLS supports new investments of over $44 million, creating more activities that increase community awareness and than 290 new jobs. engagement in science. Its broad range of activities include building multi-disciplinary links across INNOVATION VOUCHER PROGRAM (IVP) different science and non-science based sectors, improving knowledge around collaboration and The IVP helps SMEs to start R&D and/or undertake commercialisation models for science delivery, and innovation skills training to improve productivity sharing information on science achievements across and competitiveness. This year there were 88 industries, sectors and geographies. Business R&D Vouchers of up to $25,000 each and 66 Innovation Skills Vouchers awarded, contributing THE PREMIER’S AWARD FOR HEALTH to a total of more than 250 vouchers awarded since AND MEDICAL RESEARCH the program’s inception in September 2012. Voucher recipients included Albion Sports, makers of jockey Now in its 20th year, this award, coordinated and equestrian helmets; Deflecta, who will trial the by the department, recognises the early-career effectiveness of its anti-microbial liquid; GippsAero, excellence of postgraduate researchers and an aircraft maintenance and manufacturing celebrates their contribution to Victoria’s capability business; and Monash University. and leadership. The 2014 winner was Dr Jaclyn Pearson for her research work on complex immune MELBOURNE NORTH INNOVATION system responses at the Peter Doherty Institute AND INVESTMENT FUND for Infection and Immunity. Commendees this year were Dr Peng Lei for his work with Alzheimer’s at The Victorian Government, in partnership with the the Florey Institute of Neuroscience and Mental Federal Government and Ford Australia, established Health, Dr Brett Manley for his work with premature MNIIF following Ford’s announcement that it would babies at the University of Melbourne, and Dr David close its Australian manufacturing operations. Riglar for his work on malaria at the Walter and MNIIF is a $24.5 million competitive, merit-based Eliza Hall Institute of Medical Research. grants program supporting new investment to create new or additional business capacity that results in sustainable jobs. To date, 15 projects have been awarded $17.7 million of grant funding towards new investments of over $87 million, creating more than 614 new jobs.

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TECHNOLOGY VOUCHER PROGRAM (TVP) MANUFACTURING PRODUCTIVITY NETWORKS (MPN) GRANTS The TVP helps companies to adopt and develop new technologies with a voucher that is exchanged This program encourages SMEs to co-operate for access to facilities, goods, services, advice or in strategic areas of business and exploit expertise from Victorian companies or publicly- opportunities beyond the reach of each individual funded research organisations. This year more business. Over the year the program awarded than 86 companies were awarded vouchers worth grants with a total value of $1.7 million to around $5 million. 18 networks that will assist the productivity and competitiveness of 316 businesses. LAUNCH OF THE DRIVING BUSINESS INNOVATION PROGRAM VICTORIA PRIZE, VICTORIA FELLOWSHIPS AND POST-DOCTORAL This program links Victorian businesses with RESEARCH FELLOWSHIPS opportunities to develop innovative products and services for the Victorian public sector. The Government provided a further $1.8 million In February 2014, the department issued 11 to fund international research experiences for Technology Challenges to the health, water, waste Victoria’s early-career researchers through Victorian management and agriculture business sectors. Post-doctoral Research Fellowships, and will Successful SMEs were granted up to $75,000 each double the number of Victoria Prizes and Victoria to undertake three-month feasibility studies for Fellowships for another three years. projects commencing in July 2014. The winners of the 2013 Victoria Prize for Science LAUNCH OF THE TECHNOLOGY and Innovation were Professor Lloyd Hollenberg INNOVATION FUND for his ground-breaking work at the convergence of quantum mechanics and biology, and Professor Launched in December 2013, the $12 million Alan Cowman for his work over the past two Victorian Government Technology Innovation decades to significantly increase understanding of Fund forms part of a broader strategic approach the cause and treatment of malaria. A total of 12 that is looking at how technology can transform Victoria Fellowships valued at $18,000 each were government service delivery, improve citizen announced this year, and will enable early-career engagement and increase productivity. In 2013- researchers in science, engineering and technology 14, the fund received more than 50 applications to undertake international study missions. from Victorian Government departments, agencies Meanwhile, Victorian Post-Doctoral Research and statutory bodies as well as local government Fellowships are assisting six talented Victorian councils, industry associations, businesses, not-for- early-career researchers with a two-year overseas profits and community organisations. The first suite post-doctoral position in a leading research institute of projects will commence later in 2014. or university.

INVESTING IN MANUFACTURING REFRESHED VICTORIAN GOVERNMENT TECHNOLOGY (IMT) GRANTS ICT STRATEGY IMT promotes the growth, productivity and The Victorian Government ICT Strategy was updated international competitiveness of manufacturing in 2014 and continues to provide high-level direction businesses by stimulating investment in new on the design and use of information and technology technologies. It is a major initiative under the to deliver better government services while Victorian Government’s A More Competitive focussing on mobility and cloud-based solutions. Manufacturing Industry Strategy. In 2013-14, 37 The updated strategy aims to improve digital companies were granted a total of $6.7 million to channels for citizens and business, develop a WoVG invest in new technology and equipment. These ICT service roadmap, standardise systems and projects supported $34.3 million of investment processes to improve productivity, and strengthen and are anticipated to deliver 227 new jobs and government capability to innovate and manage risk. transition 292 employees in to higher value roles.

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$120 MILLION SAVED ON ICT CONTRACTS OTHER ACHIEVEMENTS

The renegotiation of the Victorian Government’s Melbourne continued to attract significant ICT contracts this year saved $94 million to international conferences. Health and medical April 2014, and an anticipated $120 million to conferences in particular have brought more July 2014. Examples of how these savings than $515 million to Melbourne since 2010. In were achieved include: 2013-14 Victoria hosted the World Federation of >> launching the new eServices Register, an Haemophilia, the World Congress of Cardiology electronic marketplace in which suppliers and the World Pharmaceutical Congress. and government buyers can transact The world’s premier games festival, Penny >> renegotiating the Telecommunications Arcade Expo (PAX), was held in Melbourne in Purchasing and Management Strategy July 2013. This was the first time the event had arrangements for mobiles, voice, data and ever been held outside the USA and provided an telephony, saving $9 million opportunity to showcase the breadth and diversity of Victoria’s games development community. PAX >> a new Enterprise Agreement with Microsoft was very successful with tickets sold out before that will save $8 million over three years the event began. PAX Australia 2014 has been >> a $500,000 saving from the renewed Server confirmed and will be held at a larger venue, the Virtualisation Enterprise Licence Agreement Melbourne Conference and Exhibition Centre, in with VMware. order to increase its capacity.

INDUSTRIES FOR TODAY AND TOMORROW A large Victorian delegation went to San Diego for (ITT) PROGRAM BIO 2014 to represent the state’s 170 biotechnology and pharma companies, 12 major medical research Encouraging regional investment is a key institutes and 10 internationally-recognised government priority and the ITT Program targets teaching hospitals. regionally-based businesses, or businesses considering a regional location, that make a The Building Global Bridges Program offered significant economic and employment contribution $75,000 to $400,000 for Victorian companies at local regional and/or state level. In 2013-14, to develop partnerships with companies in the program secured over $170 million of capital Massachusetts, USA, and deliver life sciences R&D, investment which will generate more than 360 manufacturing and commercialisation projects. jobs in regional cities. This year’s investments In September 2013 the department assumed included $12 million by Flavourwave to establish responsibility for overseeing CenITex, the a new state-of-the-art hydroponic tomato growing Victorian Government’s ICT shared services operation in Katunga creating 90 direct jobs. agency. This transfer better aligns governance and accountability for CenITex with the technology GROW YOUR BUSINESS portfolio responsibilities for WoVG ICT and the Grow Your Business is a business planning program Victorian Government ICT Strategy. that helps small businesses develop and implement A key initiative of Victoria’s Technology Plan for strategies to become internationally competitive. the Future – Biotechnology, the Health Market The program offers businesses grants of up to Validation Program is a $15 million competitive $19,000 to engage an independent specialist to grants program that encourages healthcare prepare a business plan with all grants requiring a innovation. Four validation projects now underway proportion of matched funding. are due to be completed by mid-2016.

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Research for the Aviation Industry Grants The High Performance Consortium (HPC) Program provides $500,000 in grants over two comprises non-competing manufacturers that years to stimulate leading-edge and commercial- collaborate on continuous improvement, lean facing research in aviation. Grants of up to $30,000 principles, world-class manufacturing and other are available on a competitive basis to tackle issues improvement and efficiency practices. In March facing the aviation industry. 2013 the Western Metropolitan VGBO linked the consortium with local manufacturers and provided The design sector in Victoria generates $7.3 billion HPC with a forum to discuss the benefits of annually for the state’s economy, including more participating in the consortium’s activities. than $200 million in design-related exports. The During a business breakfast arranged by the annual Premier’s Design Awards recognise and VGBO and attended by 18 manufacturing celebrate excellence across Victoria’s design sector. businesses from Melbourne’s west, Innotherm The 2013 winner, Melbourne-based agency Local Chief Executive Officer (CEO) Derek Lipka spoke Peoples, was announced in October 2013. of how HPC had accelerated and improved In 2013-14 $40 million was committed to the business in his engineering firm. Regional Connectivity Program to address gaps The VicConnect Project will create a private in mobile phone coverage in fire and flood prone government cloud and an open market for areas. Travellers on V/Line’s VLocity carriages government cloud services. It forms part of the between Melbourne and Ballarat, Bendigo, VicConnect Program, which aims to reduce Geelong, Seymour and Traralgon will also enjoy the cost of telecommunications services and free public Wi-Fi. give government departments access to new, Science awareness programs this year inexpensive and powerful technologies. The included Inspiring Australia, which connected 2014-15 State Budget provided $9.5 million over Victorian businesses, promoted industry four years to implement this initiative to transform development, productivity and innovation, raised how the Government purchases and manages community awareness of science and fostered telecommunications and other ICT services. industry and research links. The Australian Science Media Centre, an independent, not-for-profit service now gives Australian journalists direct access to evidence-based science and expertise through the program. In October 2013 the Northern Metropolitan VGBO held roundtables with food companies to identify opportunities for growth including export market development and key barriers to investment. The outcomes have informed collaborative initiatives between the VGBO and Regional Development Australia, Melbourne’s North Food Supply Processing and Manufacturing Plan, and La Trobe University and collaborators’ Food North Initiative, which is focused on identifying strategies to link R&D to the food and beverage sector.

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PROVIDE MARKET INTELLIGENCE AND ASSISTANCE TO ORGANISATIONS TO MAKE IT EASY TO INVEST IN VICTORIA SIGNIFICANT ACHIEVEMENTS Melbourne Park redevelopment – stage two GLOBAL COMPANIES ESTABLISH In 2013-14 the Victorian Government announced IN MELBOURNE that Rod Laver Arena will be upgraded, and access to Melbourne Park vastly improved, under the Significant international companies announced second stage of Melbourne Park’s $338 million their move to Melbourne over the past year. Global redevelopment. The major works will include: technology insurer Asurion will create 300 new jobs by setting up two new technical support >> a new footbridge over Batman Avenue, centres. Spanish manufacturer Grupo Aliberico is connecting Melbourne Park with Birrarung establishing an aluminium composite panelling Marr and Flinders Street Station manufacturing plant in Campbellfield and creating >> significant upgrades to amenity, food 24 jobs. Japanese retail giant MUJI opened its service, patron comfort and accessibility first two Melbourne stores, providing 40 new jobs, at Rod Laver Arena and has one more store planned. Retail giant H&M >> a new administration and media building opened its first Australian store in Melbourne, for Tennis Australia, Melbourne and the creating 200 jobs and reinforcing the city’s status Olympic Parks Trust as Australia’s fashion capital. >> temporary media and broadcast facilities SIGNIFICANT MAJOR VICTORIAN for the Australian Open. INFRASTRUCTURE PROJECTS Flinders Street Station design competition The National Tennis Centre (NTC) In 2013 the Victorian Government held a The NTC forms part of stage one of the competition to seek the best ideas from across the $700+ million Melbourne Park Redevelopment globe to re-energise Victoria’s iconic Flinders Street and provides Australian tennis with its first railway station and its surrounds, while maintaining dedicated, state-of-the-art training facility for its beloved heritage features. In August 2013 elite and emerging players. HASSELL + Herzog & De Meuron was announced as the competition winner. The People’s Choice Award Features of the building include: winner was the design of Eduardo Velasquez, >> brilliant natural lighting without glare and Manuel Pineda and Santiago Medina, Colombian a view out onto the AAMI Park stadium students from the University of Melbourne. >> an ingenious design that overcomes the challenge of vibrations being transmitted from Shrine: Galleries of Remembrance one court to another through a series of high To honour Australian servicemen and women in all tension cables embedded in the building’s slab wars and peacekeeping operations, the Victorian that minimise vibration and allow all eight Government committed $45 million towards the indoor courts to be used at once Galleries of Remembrance Project at the Shrine >> a highly energy efficient and environmentally of Remembrance. The project has redeveloped friendly convection cooling system the Shrine’s undercroft space into a permanent exhibition space, created a new southern extension >> a range of other environmental features offering enhanced educational facilities and that have led to NTC being awarded an upgraded the existing visitor centre. The project will internationally-recognised ‘Leadership in be delivered within budget and ahead of schedule, Energy and Environmental Design’ Gold rating in time for Remembrance Day in 2014. for ecologically sustainable development, the first of its kind to do so in Australia. Since it opened the NTC has received a number of endorsements from elite Australian and overseas players.

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Victorian Emergency Management Expected environmental outcomes of the market Training Centre redevelopment include: The opening in late June 2014 of the 10 hectare, >> more than 68,000,000 litres of drinking $109 million world-class VEMTC in Craigieburn water saved each year provides the emergency services sector with access >> improved water quality in urban run-off to real-life fire-fighting training scenarios including road, rail, tunnel and marine fires, as well as urban >> increased public awareness of search and rescue. The Centre supports a vital move stormwater management towards inter-agency training and an all-hazards >> improved security of water supply without approach to emergency management to ensure increasing greenhouse emissions the ongoing protection of all Victorians. >> improved access to non-potable water at the Environmental initiatives at the Centre include: markets for the thousands of traders who will use the site daily. >> a state-of-the-art water recycling system to capture and filter onsite stormwater and fire MELBOURNE RAIL CORRIDOR PROJECTS hose water for reuse in training exercises and a grey water system The department is progressing business cases for developing Melbourne’s Richmond to >> use of clean-burning propane gas to fuel all Footscray rail corridor. but one of the training fires The four projects that have the potential to >> capture of emissions from carbon and wood revitalise the rail corridor are: burning fires in an enclosed container to prevent pollution >> E-Gate – revitalising one of the city’s last >> protection of Merri Creek’s environmentally remaining industrial spaces for proposed sensitive flora and fauna. mixed-use redevelopment >> Federation Square East – creating a new Melbourne Market relocation commercial, residential and civic precinct Significant progress was made during 2013-14 connecting the Central Business District (CBD) in the relocation of Melbourne’s wholesale fruit to the Yarra River and nearby sporting precincts and vegetable market to Epping in Melbourne’s >> Richmond Station – improving passenger north. The trading floor was completed and Hansen interchange capacity and pedestrian access Yuncken was appointed to build the warehouses. to the station and to Melbourne’s sport and The market is an important part of the state’s entertainment precinct economic infrastructure, with an annual turnover >> Flinders Street Station – improving the station, in excess of $2 billion. preparing for growth and developing its western end. The new market will feature a storm water harvesting system with two components that will SIGNIFICANT INVESTOR BRIEFINGS benefit the entire market precinct. Supported by the department and the City of Whittlesea, the first The Significant Investment Desks in China and the component will collect rainwater from the roof, UK ran a number of Significant Investor Visa clean it with a first flush and store it in underground Investment and Migration seminars and meetings to tanks for use in toilet flushing, cleaning and provide information and support to potential clients irrigation, with surplus flowing into wetlands. The and nominated Significant Investors. Information was second component will involve the council using provided on trade and investment opportunities in the wetlands water to irrigate nearby sports ovals Victoria, and Victorian Government visa nomination and parks. The water will be cleaned naturally and compliant investment requirements. by the wetlands and then directed to the nearest council treatment and storage area.

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INVESTMENT ATTRACTION WORKSHOPS OTHER ACHIEVEMENTS

The department regularly undertakes investment The Investment Support Program (ISP) provides attraction activities designed to stimulate financial support to attract investment to Victoria. investment in Victoria. This year several local ISP projects in 2013-14 included: councils in the western metropolitan area sought >> GrainCorp Limited - a $105 million rationalisation, assistance from the department to implement consolidation and expansion of the company’s strategies that could stimulate investment in their edible oils and fats businesses in Victoria, local areas. The Western Metropolitan VGBO creating 44 new jobs provided input into investment attraction planning workshops held by Moonee Valley and Melton >> EnergyAustralia - a strategic government City councils. It also hosted sessions with the co-investment with EnergyAustralia to department’s Invest Assist Team and organised establish a new national contact centre in an investment attraction session with Brimbank Geelong, creating 300 new full-time jobs and City Council representatives. securing 500 existing jobs. A sum of $25.2 million was allocated in the MNIIF BRIEFINGS TO COMPANIES 2014-15 State Budget to kick-start stage one of the In response to Ford’s announcement that it would Ballarat West Employment Zone (BWEZ). This cease local manufacturing in 2016, Melbourne’s followed an initial investment of $835,000 from the North Ford Response Joint Taskforce was $1 billion RGF to develop the $1.67 million BWEZ established to bring together stakeholders in the Implementation Report. north of Melbourne (including local governments). The Taskforce was the natural vehicle for briefing local government and other stakeholders on the newly-announced $24.5 million MNIIF. The cities of Moreland, Hume, Darebin and Whittlesea hosted industry briefings on MNIIF with the aim of maximising the number and quality of applications from businesses in the region, and investment and employment outcomes of the program. More than 240 business representatives attended five MNIIF information sessions.

STATE DEVELOPMENT ROUNDTABLES In 2013-14, the department conducted two State Development Roundtables. The first event focussing on food and agribusiness gave industry leaders the opportunity to discuss investment and implementation of the Food to Asia Action Plan launched in March 2014. The second event targeting the transport, distribution and logistics industries involved key executives and discussed a range of topics including new investments into Melbourne Airport, a second container port for Melbourne and the latest on Melbourne’s third international container terminal at Webb Dock.

24 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 02 SIGNIFICANT ACHIEVEMENTS AND OTHER HIGHLIGHTS AGAINST STRATEGIC OBJECTIVES CREATE MORE OPPORTUNITIES FOR VICTORIAN BUSINESSES TO GROW AND BECOME MORE PRODUCTIVE AND COMPETITIVE IN THE GLOBAL MARKETPLACE SIGNIFICANT ACHIEVEMENTS >> an agreement for Altona-based Qenos to export its world-class safety, health and environmental TRADE MISSIONS expertise to China Trade missions are a centrepiece of the Victorian >> Warrnambool Cheese and Butter securing a International Engagement Strategy. In 2013-14, 16 $10 million export deal to supply lactoferrin outbound trade missions included STMs to China, to China for infant formula and other dairy the Middle East and Turkey, India and South-East nutraceuticals products Asia. Collectively these missions supported 900 >> Melbourne Health signing Memorandums of organisations to engage with international markets, Understanding (MOU) with two of China’s leading generating projected export sales of more than hospitals, bringing Victorian expertise in public $914 million for the 24 month period following health services to China participation in the trade missions. >> the opening of the Monash University/ China STM South-East University Joint Graduate School at Suzhou Industrial Park In October 2013, the China STM was led by the Premier of Victoria the Hon. Dr Denis Napthine MP, >> a partnership between Victoria’s Royal District the Hon. Louise Asher MP, the Hon. Peter Walsh Nursing Service and China’s Zhongshan College MP, and the Hon. David Hodgett MP. to develop aged care services in China. The 2013 STM followed the highly successful 2012 Tourism highlights included the launch of the STM and was themed around Victoria’s world- Victorian Government’s first official Chinese famous lifestyle and liveability. More than 400 language visitor guide iPhone app, the Melbourne delegates representing 300 companies travelled to Travel Connoisseurs Program, and the delivery of nine cities. It is estimated that $390 million worth of a Melbourne Lifestyle Exhibition in Shanghai. sales will be generated over the next two years and more than 200 new jobs will be created as a direct Middle East and Turkey STM outcome of the China STM. In February 2014 a delegation of more than 100 Investment outcomes included the establishment organisations, led by the Hon. Louise Asher MP, of Australian Dairy Park’s infant formula blending joined the Victorian Government’s third STM to and canning factory at Carrum Downs with plans to the Middle East and Turkey. export around $30 million worth of product to China More than 150 delegates representing food and in its first year. The plant will create 30 new jobs and beverage, agribusiness, education, sustainable cost $10 million. urban design, fashion and marine businesses built Highlights included: on the success of previous STMs in 2012 and 2013, which generated $447 million in projected sales >> the establishment of a Significant Investor Visa over a two year period. Desk in the Shanghai VGBO to attract and service high net-worth individuals interested in investing Following the 2014 STM, participating companies in Victoria have reported more than $305 million in sales. >> the official opening of BlueScope Steel’s new South-East Asia STM $60 million manufacturing plant in Xi’an, China Victoria’s second STM to South-East Asia in June >> three new agreements signed by Victorian ICT 2014 built on the success of 2013 and will generate companies in Beijing anticipated export sales of approximately $230 >> Victoria-Jiangsu Business Placement Program million in the 24 months following participation offering Victorian businesses greater opportunities in the mission. Companies in the food services, to engage Jiangsu Province companies sustainable urban design, education, ICT and tourism sectors participated in organised events,

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site visits and business-matching meetings in Defence and Aerospace Trade Mission Malaysia, Indonesia, Singapore, Thailand and to the USA Myanmar. The STM focused on the region’s In May the Hon. David Hodgett MP led a group of priority markets and leveraged Victoria’s significant Victoria’s leading defence and aerospace companies existing government, business, cultural and on a trade mission to the USA. The trade mission personal connections to build deeper commercial focused on what Victoria’s advanced manufacturing engagement and new export opportunities. capabilities can offer defence companies. It also India STM reinforced the fact that the Government wants to work with defence companies to expand their In March 2014 the Hon. Louise Asher MP and the operations here, invest in Victoria’s economy Hon. Gordon Rich-Phillips MLC led 100 Victorian and create jobs through major upcoming military companies and more than 130 delegates on vehicle and naval projects. Current projects include Victoria’s third STM to India. More than 450 the Australian Defence Force’s LAND 400 Land Victorian organisations have taken part in Combat Vehicle System, worth up to $15 billion, and STMs to India. SEA1000 Future Submarine Program, valued at up The 2014 STM focused on the key industry to $40 billion, along with other significant projects sectors of education, health and aged care, ICT, in the defence capability acquisition pipeline. sustainability (including cleantech and water) This trade mission built on the success of 2013 and tourism. STM delegates visited five cities Defence and Aerospace Trade Mission. across India including Mumbai, Bangalore, Delhi, Participants in that mission reported anticipated Ahmedabad and, for the first time, Trivandrum. additional exports of $17.5 million in the two years The program included high-level business post mission. meetings and events with technology, finance, infrastructure and health sector organisations REGIONAL GROWTH FUND and government officials. The RGF provides $1 billion over eight years to Companies that attended are expecting additional build strong vibrant regional cities and country export sales of more than $38 million over the communities in Victoria. It is supporting major next two years. strategic infrastructure and community-led local initiatives that improve both the competitiveness Key outcomes included: and liveability of regional and rural Victoria, creating >> announcement of a new public transport ticket more jobs and better career opportunities. 2013-14 discount scheme for eligible international was the third year of the fund’s operation. students from 2015 Establishment of the Goulburn Valley Industry >> awarding of four Victoria/India and Infrastructure Fund (GVIIF) Doctoral Scholarships In March 2014, the Government committed >> a Victorian Women in International Business $5 million from the RGF to help local businesses (VWIIB) Forum in Mumbai and industry in the Goulburn Valley grow and adapt >> a Significant Investment Desk established in to changing market conditions, and capitalise on the VGBO in Bangalore their strengths in food production and processing. >> India’s Servion Global Solutions establishing The department has identified a number of priority its Australian headquarters in Melbourne projects from the numerous applications received and is working with proponents to finalise >> a new agreement by Tesscorn India to distribute those applications. Ecotech Australia’s world-leading clean technologies in India.

26 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 02 SIGNIFICANT ACHIEVEMENTS AND OTHER HIGHLIGHTS AGAINST STRATEGIC OBJECTIVES

Economic Infrastructure Program Local Government Infrastructure Program In 2013-14, $42.5 million in funding was The Local Government Infrastructure Program announced under the Economic Infrastructure component of the RGF provides all 48 regional Program of the RGF. Funding for projects under and rural councils with a flexible funding stream this program included: to plan and build new infrastructure and renew crucial community assets. >> $1.95 million towards building a 25.5 kilometre water main to provide reliable water to six In 2013-14: vineyards in the Landsborough Valley in >> work was completed on the Bendigo Library, Western Victoria, securing 60 jobs a $9.5 million redevelopment project which >> completion of significant work to connect regional will significantly benefit the local community Victoria to the natural gas network under the and wider region. $100 million Energy for the Regions Program EXPANDING THE INTERNATIONAL >> $1.5 million investment for Korumburra’s VGBO NETWORK Burra Foods, contributing towards a $22 million expansion to take advantage of the high The VGBO network raises Victoria’s international Asian demand for nutritional milk powder. profile and helps the state negotiate the challenges This substantial investment created 60 of international trade and investment. VGBO construction jobs, 26 new full-time jobs offices in 17 strategic international locations focus across the business and secured more than on attracting direct foreign investment, export 100 existing jobs at the plant development and WoVG activities. >> $1.2 million from the RGF for two new Phillip The Government recently re-opened an office Island tourist attractions. One project will be a in Jakarta, Indonesia; opened a new office in state-of-the-art multimedia interpretative display, Chengdu, China; and announced the establishment a partnership between the World Wide Fund of an office in Seoul, South Korea. for Nature and the Phillip Island Nature Park, and the other project will be a new eco boat TECHNOLOGY TRADE AND INTERNATIONAL tour in Cowes. PARTNERING PROGRAM (TRIP) During 2013-14, 329 TRIP grants were provided to Putting Locals First Program 230 technology companies to facilitate independent The $100 million Putting Locals First Program export activities in markets of their choice. component of the RGF enables regional Grant recipients reported projected exports of communities to determine and deliver service approximately $417 million over the next 24 months. and infrastructure requirements that reflect their local priorities. INTERNATIONAL FOOD AND BEVERAGE WEEK (IFBW) In 2013-14, the Government: IFBW 2014 built on the success of the previous >> contributed a further $500,000 towards the $5.3 event with more than 250 Victorian food and million Yarram District Hub Project. This brings the beverage companies participating, and 240 senior total Government contribution to almost $2 million international delegates representing 160 major and completes the funding required to start the Asian food businesses from China (including Taiwan redevelopment of this much anticipated facility and Hong Kong), Japan, Indonesia, Singapore, >> provided $150,000 to Mansfield tomato producer Malaysia, Thailand, the Philippines, Korea and Murphy Fresh to assist the company to embark Vietnam. A substantially increased site visit on a $1.5 million expansion project, creating program featured more than 80 site visits across 25 new jobs. metropolitan Melbourne and regional Victoria compared to just 15 in 2013.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 27 02 SIGNIFICANT ACHIEVEMENTS AND OTHER HIGHLIGHTS AGAINST STRATEGIC OBJECTIVES

REGIONAL AVIATION FUND 438 new jobs since its launch in 2012. Other roadmap initiatives include $5 million to establish The Victorian Government is providing $5 million 20 Technology Enabled Learning Centres, $800,000 annually through the Regional Aviation Fund to for the Moe Work and Learning Centre and support local aerodromes. To date, 17 regional $525,000 to help high performing firms expand airports and aerodromes have taken advantage their potential and strengthen supply chains. of the fund to upgrade their facilities. Projects announced during 2013-14 provide for upgrades INTERNATIONAL MINING AND RESOURCES at Warrnambool Airport, Kyneton Aerodrome, CONFERENCE (IMARC) Hamilton Airport, Lethbridge Airpark, Orbost Airport, Wangaratta Airport, Nhill Aerodrome, The department has established a resources Stawell Aerodrome, Echuca Aerodrome and roundtable, chaired by the Deputy Premier of Kerang Aerodrome. Victoria the Hon. Peter Ryan MP and comprising senior industry executives from across the AUSTRALIAN AUTOMOTIVE WEEK mining and mining services sectors including 2014 (AAW) representatives from BHP Billiton, Orica and MMG. The roundtable provides strategic advice to the AAW is a unique partnership between the Victorian department on the direction of IMARC, which will Government and the automotive industry to jointly be held in Melbourne in September 2014. The promote Australia’s state-of-the-art automotive aim of IMARC is to promote Victoria as a global and manufacturing capabilities. Coinciding with hub of mining and mining services, help Victorian the Formula 1 Australian Grand Prix, the week businesses better participate in the mining industry, brings together international and local automotive and develop Victoria’s earth resources to unlock experts and senior representatives to meet and the value of this sector. discuss business opportunities. The 2014 event attracted over 100 international delegates, 300 SUPPORTING VICTORIAN industry stakeholders and involved 200 Victorian SMALL BUSINESS organisations, including 37 exhibitors at the Geelong Supplier Trade Show. The department has a strong focus on supporting all small business within Victoria through a range REDUCING RED TAPE of targeted programs and support mechanisms. Support Small Business Day is a Government The Government’s commitment to reducing business initiative dedicated to encouraging Victorians to red tape by 25 per cent by July 2014 will save $715 explore their local community and spend at local million per year. Over the past year, the Red Tape small businesses. Small businesses account for Commissioner has met with industry associations 96 per cent of all businesses in the state, and and businesses to identify a list of priority actions. almost half of all private sector jobs. Organised by The department has engaged with business to the department, the inaugural event was held in identify reform priorities and how the regulatory October 2013. More than 2,000 small businesses system affects competitiveness. The department registered to participate in the day, and more than also contributed to legislation reform and reducing 2,900 consumers registered as shoppers to gain the costs of locating and fulfilling permits, licensing access to vouchers and special incentives. and other approval requirements. The Small Business Festival gives small businesses LATROBE VALLEY INDUSTRY AND the opportunity to learn practical news skills and EMPLOYMENT ROADMAP access new ideas to help boost productivity and A high concentration of power generators combined competitiveness. The Small Business Bus visits with a carbon-constrained future presents Latrobe Melbourne and regional Victoria as a ‘travelling Valley with many challenges. LVIER responds to office on wheels’ offering professional assistance this with a long-term coordinated plan for strategic as well as expert advice from an experienced investment, and industry and jobs growth. So far business mentor. the LVIER has supported 28 projects and created

28 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 02 SIGNIFICANT ACHIEVEMENTS AND OTHER HIGHLIGHTS AGAINST STRATEGIC OBJECTIVES

LAUNCH OF THE ESERVICES REGISTER OTHER ACHIEVEMENTS

The eServices Register was launched in July 2013 In addition to the STMs there were 12 other and provides an electronic marketplace for suppliers inbound and outbound missions this year and government buyers to transact. The register has involving 279 companies showcasing their wares in excess of 1,200 recorded suppliers. More than to key markets. Collectively, these companies 1,000 sourcing events have been posted to date expect sales to increase by $180 million over the by government buyers. next two years. RELAUNCH OF THE VIC.GOV.AU WEBSITE Marysville continues to bounce back from the devastating bushfires of five years ago. Averaging 250,000 visits per month vic.gov.au Highlights this year include: provides comprehensive access to Government programs, services and information. This year the >> the completion of the $2 million redevelopment of department made four major additions to the site: the Marysville Community Golf and Bowls Club >> the continuing rebuild of the new $28 million >> a central information source for all government Vibe Hotel and Conference Centre grants and assistance called Grants Victoria >> the launch of the Visit Marysville app >> consultations.vic.gov.au which lists all government consultations >> the fourth annual Australian Sparkling Wine Show. >> all Victorian online services listed in The Small Business Workshops and Seminars Services Victoria Program provides rapid skill development for small business operators and those thinking of >> all government online publications are now starting a business. More than 22 business topics featured at publications.vic.gov.au are available, and all sessions are delivered by RELAUNCH OF BUSINESS.VIC.GOV.AU experienced workshop leaders. The program is offered at low-cost ($20 per seminar and $30 per Launched at the end of March 2014, the enhanced workshop) and Small Business Victoria partners business.vic.gov.au is more intuitive and has with host organisations to deliver the program improved access across all devices – desktop, throughout Victoria. In 2013-14 more than 4,160 tablet or smartphone. Since relaunch, visits have participants attended more than 350 workshops increased by more than 20 per cent and it is now and seminars. simpler and faster for SMEs to find information on setting up a business and improving productivity, The Small Business Mentoring Program regulatory information, financial support, provides low-cost, high-quality business mentoring advice/mentoring and training and information through the Small Business Mentoring Service. on grants and how to apply online. There are more than 80 small business mentors located throughout metropolitan and regional areas. VICTORIAN WOMEN IN INTERNATIONAL In 2013-14, 2,556 Victorian businesses received BUSINESS PROGRAM mentoring assistance at more than 3,400 sessions. VWIIB program is a networking and discussion The Metropolitan VGBO network continued to forum for women working in, or interested in facilitate workshops and briefings with the working in, international business. It offers women Metropolitan Planning Authority (MPA) as it the opportunity to grow their own export businesses actively engaged with business in the rollout of its by forging new connections and developing new PlanMelbourne Strategy. Work has begun with the partnerships with other women. Current VWIIB MPA to implement a range of important initiatives activities include a LinkedIn page, training to get aimed at delivering jobs and investment. businesses export-ready, and various Melbourne networking events.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 29 02 SIGNIFICANT ACHIEVEMENTS AND OTHER HIGHLIGHTS AGAINST STRATEGIC OBJECTIVES

The Southern Metropolitan VGBO ran a series A series of five healthcare workshops were held of food industry roundtable events to assist during 2013 by the Eastern Metropolitan VGBO to industry understand the role of the department, improve communications in the health and aged how it can help business with export opportunities care sector. The workshops explored the need and to promote the work of our international for a holistic approach to the integration of offices. Assistance was also offered to help reduce technology-enabled services for healthcare in the the cost of water and wastewater to the food home. This development could potentially see a industry, which is a significant financial burden. 45 per cent reduction in mortality rates and a 20 per The workshops were run in conjunction with the cent reduction in emergency admissions, plus fewer Victorian Centre for Sustainable Manufacturing. Accident and Emergency visits, and fewer elective surgery admissions and hospital-bed days. The department’s Northern and Southern Metropolitan VGBOs, in collaboration with local The Premier convened automotive roundtable councils, Regional Development Australia and meetings with key automotive industry the Industry Capability Network, hosted two stakeholders to discuss strategies and initiatives Christchurch Recovery rebuilding updates to assist the industry transition into new in late 2013 and early 2014 to provide an update opportunities. Sub-committees with industry and following the city’s 2011 earthquake. The southern the department participation have been formed to event, attended by the Hon. David Hodgett MP, address specific skills and automotive supply chain attracted more than 250 participants while the issues. The department engaged with key industry northern event attracted 130 people. Opportunities stakeholders to develop initiatives to connect were identified for building contractors and automotive businesses with new opportunities both suppliers, infrastructure consultants, engineering domestically and globally. services, and transport and logistics firms. The program budget is approximately $40 billion and Victorian companies are currently collaborating on tenders for anchor projects. The Southern Metropolitan VGBO hosted an Australian Rail Industry Forum in May 2014. Attended by more than 200 businesses, the forum was an opportunity to discuss initiatives aimed at improving the competitiveness of and opportunities for the Australian rail sector. Presentations centred on policy announcements, global rail supply-chain opportunities including the September 2014 trade mission to Germany for InnoTrans 2014 and Austrade’s market insights.

30 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 02 SIGNIFICANT ACHIEVEMENTS AND OTHER HIGHLIGHTS AGAINST STRATEGIC OBJECTIVES PROMOTE THE DELIVERY OF SAFE, RELIABLE AND COMPETITIVE ENERGY SERVICES, AND GROW A SUSTAINABLE RESOURCES SECTOR * SIGNIFICANT ACHIEVEMENTS LAUNCH OF MINERALS DEVELOPMENT VICTORIA ADVANCED LIGNITE DEMONSTRATION PROGRAM The launch of MDV in 2013-14 has created a single point-of-entry for investors dealing with In August 2012, the Victorian and Federal the Victorian Government for exploration, mining Governments launched the ALDP, which aims to and quarrying projects. MDV will also focus develop and deploy emerging technology to reduce on streamlining and improving approvals and the greenhouse gas emissions intensity of lignite regulations. Current MDV projects include: (brown coal), improve the economically recoverable return from lignite, and provide employment >> Stockman Project copper mine in East Gippsland opportunities in the Latrobe Valley and broader >> Big Hill gold mine in Stawell region. Projects funded this year include $30 million >> facilitating the ongoing operating of Iluka to Coal Energy Australia, $20 million to Ignite Resources’ separation plant Energy Resources and $25 million to Shanghai Electric Australia Power & Energy Development. >> ongoing strategic access to extractive resources to support the growth of COMMUNITY CONSULTATION PROCESS Melbourne’s infrastructure. FOR ONSHORE NATURAL GAS INTERNATIONAL LOW RANK COAL The Government is working towards gaining a INDUSTRY SYMPOSIUM deeper understanding of community concerns about the possible future development of onshore natural A total of 220 delegates from 20 of the world’s gas including tight, shale and coal seam gas. In major low-rank coal user and producer countries April 2014 the department launched the Natural Gas attended the third International Low Rank Coal Community Information website naturalgasinfo. Industry Symposium in April 2014. Hosted by the vic.gov.au and began a community consultation Victorian Government, delegates heard about the process. This process includes open days, industry’s current status, energy demand, how meetings and workshops with community and local to develop skills and the industry’s future plans. government, and gives Victorians an opportunity to They also discussed carbon capture and storage discuss their key concerns, particularly in rural and developments and how to secure a social licence regional areas where commercially-viable reserves to operate, obtain project financing, and monetise of onshore natural gas may exist. Currently there coal for purposes beyond electricity. is an extended moratorium on new exploration licences for all types of onshore natural gas and hydraulic fracturing until at least July 2015.

* This strategic objective is detailed in the 2014-15 Budget Papers No.3 Service Delivery.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 31 02 SIGNIFICANT ACHIEVEMENTS AND OTHER HIGHLIGHTS AGAINST STRATEGIC OBJECTIVES

SIGNIFICANT GEOSCIENCE ADVANCED METERING FINDINGS PUBLISHED IN INFRASTRUCTURE PROGRAM INTERNATIONAL PUBLICATION The Government’s AMI Program is ensuring that A new geodynamic model of Eastern Australia, remotely read meters (smart meters) are the developed in collaboration by research staff from standard electricity meter for households and small the Geological Survey of Victoria (GSV) and Monash business across the state. In 2013-14, the rollout University, was published in the international of more than 2.6 million meters, overseen by the journal Nature in April 2014. The team comprising department, neared completion, enabling Louis Moresi, Peter Betts, Meghan Miller and Victorians to better monitor and manage their Ross Cayley (GSV) explained the chain of events energy usage. Smart meters also support the following impact between continental fragments transition of consumers to the option of flexible at subduction zones. Using geological data from pricing by allowing them to pay different rates Eastern Australia, this model develops the idea that depending on when they use power, and thereby only one continent-dipping subduction zone was minimise their energy bills. active beneath Eastern Australia millions of years The Government also announced in May 2014 the ago. This provides a new geological template for successful applicants for grants under the $1 million predicting the location of buried mineral systems Energy Information Fund (EIF). The EIF offers up to in Victoria. Practical applications for this modelling $120,000 to not-for-profit organisations for projects include highlighting new exploration opportunities designed to help vulnerable and hard-to-reach in Victoria and the potential for new mineral Victorians to better understand the energy market discoveries including copper and gold. and find ways to save money on their power bills. STRENGTHENING VICTORIA’S EARTH This includes seniors, the disabled and those for RESOURCES PROGRAM whom English is not the primary language. The department awarded 15 EIF grants in 2013-14. This program is a $19.2 million initiative established to revitalise exploration and mining in Victoria by attracting new exploration to the state and reducing barriers to investment. As part of the initiative’s implementation, the Mineral Resources (Sustainable Development) Act was amended in February 2014 to reduce the regulatory burden on industry. In April 2014, the Extractives Resources Taskforce was established to focus on the strategic planning and development of the state’s extractives resources to meet infrastructure and other market demands linked to urban growth plans.

32 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 02 SIGNIFICANT ACHIEVEMENTS AND OTHER HIGHLIGHTS AGAINST STRATEGIC OBJECTIVES

POWERLINE BUSHFIRE SAFETY PROGRAM OTHER ACHIEVEMENTS

The PBSP is the Government’s $750 million, The online My Power Planner tool has helped 10-year program to deliver Recommendations 27 more than 70,000 Victorians save on their electricity and 32 of the Victorian Bushfires Royal Commission. bills by enabling them to compare offers from The program is on track and its key achievements different electricity retailers. this year included: Energy Technology Innovation Grants included >> replacing approximately 45 kilometres $1 million to RayGen Resources to support the of powerlines in high fire risk areas with design, construction and testing of the modular two underground or aerial bundled cable kilowatt prototype solar power test facility, as well >> installing more than 30 diesel back-up power as a grant to Solar Systems to complete stage two generators in regional and rural residential of its large scale demonstration solar project care facilities as part of the $40 million Local in Mildura and Bridgewater. Infrastructure Assistance Fund which provides The CarbonNet Project is investigating the critical back-up power to Victoria’s most potential for establishing a world-class, large vulnerable citizens scale carbon capture and storage network in the >> installing approximately 200 remotely controlled Gippsland region. Work is continuing to complete Automatic Circuit Reclosers on rural feeders the feasibility phase of this project including a geoscience evaluation program. >> conducting a world-first trial of arc suppression capabilities of the Rapid Earth Fault Current Limiter (REFCL) protection device technology, comprising more than 200 separate tests on a special purpose field test facility >> a world-first trial of REFCLs using state-of-the- art technology to reduce the risk of powerlines starting bushfires.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 33 03 FINANCIAL REPORT

03 FINANCIAL REPORT

34 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

INTRODUCTION

This financial report covers the Department of State Development, Business and Innovation (the department) as an individual reporting entity and is presented in the Australian currency. The Department of State Development, Business and Innovation is a Government Department of the State of Victoria. The department was established pursuant to an order made by the Premier under the Administrative Arrangements Act 1983. The department’s principal address is: Department of State Development, Business and Innovation 121 Exhibition Street Melbourne VIC 3000 A description of the nature of the department’s operations and its principal activities is included in the Report of Operations section of the annual report which does not form part of this financial report. For inquiries in relation to our reporting please call 9651 9999, or visit the department’s website at dsdbi.vic.gov.au

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 35 03 FINANCIAL REPORT

CONTENTS Comprehensive operating statement 37 Note 17. Provisions 83 Balance sheet 38 Note 18. Statement of changes in equity 39 Superannuation 84 Note 19. Cash flow statement 40 Other liabilities 84 Notes to the financial statements Note 20. Leases 85 Note 1. Summary of significant accounting policies 41 Note 21. Commitments for expenditure 86 Note 2. Departmental (controlled) outputs 60 Note 22. Contingent assets and contingent liabilities 88 Note 3. Administered (non-controlled) items 64 Note 23. Financial instruments 88 Note 4. Income from transactions 66 Note 24. Cash flow information 98 Note 5. Expenses from transactions 68 Note 25. Investments 99 Note 6. Other economic flows included in net result 70 Note 26. Reserves 99 Note 7. Receivables 70 Note 27. Summary of compliance with annual Note 8. parliamentary and special appropriations 100 Inventories 71 Note 28. Note 9. Ex-gratia expenses 100 Restructuring of administrative arrangements 71 Note 29. Note 10. Annotated income agreements 100 Property, plant and equipment 73 Note 30. Note 11. Trust account balances 102 Non-financial physical assets classified as held for sale including disposal group assets Note 31. and directly associated liabilities 79 Responsible persons 105 Note 12. Note 32. Investments accounted for using the Remuneration of executives and equity method 80 payments to other personnel 106 Note 13. Note 33. Intangible assets 81 Remuneration of auditors 107 Note 14. Note 34. Other non-financial assets 81 Glossary of terms 108 Note 15. Accountable Officer’s and Payables 82 Chief Finance Officer’s declaration 113 Note 16. Auditor-General’s Report 114 Borrowings 82

36 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

COMPREHENSIVE OPERATING STATEMENT for the financial year ended 30 June 2014

Notes 2014* 2013 $’000 $’000 CONTINUING OPERATIONS Income from transactions

Output appropriations 576,223 438,132

Regional Growth Fund appropriations 136,000 –

Interest 4(a) 5,312 611

Grants 4(b) 84,008 83,495

Other income 4(c) 139,444 98,654

Total income from transactions 940,987 620,892

EXPENSES FROM TRANSACTIONS Employee expenses 5(a) (115,787) (78,271)

Depreciation and amortisation 5(b) (8,743) (4,060)

Interest expense 5(c) (280) (47)

Grants and other transfers 5(d) (484,647) (310,279)

Capital asset charge (9,801) (9,491)

Other operating expenses 5(e) (282,883) (203,940)

Total expenses from transactions (902,141) (606,088)

Net result from transactions (net operating balance) 38,846 14,804

OTHER ECONOMIC FLOWS INCLUDED IN NET RESULT Net gain/(loss) on non-financial assets 6(a) (4,850) (3,887)

Net gain/(loss) on financial instruments 6(b) (40) –

Other gains/(losses) from other economic flows 6(c) (32) 93

Total other economic flows included in net result (4,922) (3,794)

Net result 33,924 11,010

OTHER ECONOMIC FLOWS – OTHER COMPREHENSIVE INCOME Items that will not be classified to net result

Transfer of asset revaluation surplus to accumulated surplus 5,320 –

Changes in physical asset revaluation reserve 26 (5,320) –

Total other economic flows – other comprehensive income – –

Comprehensive result 33,924 11,010

* 2014 includes the impact of Machinery of Government and administrative changes, however comparative amounts for the prior year have not been adjusted. The comprehensive operating statement should be read in conjunction with the notes to the financial statements.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 37 03 FINANCIAL REPORT

BALANCE SHEET as at 30 June 2014

Notes 2014* 2013 $’000 $’000 ASSETS Financial assets

Cash and deposits 24 396,760 89,229

Receivables 7 155,171 113,626

Investments 25 90 –

Total financial assets 552,021 202,855

Non-financial assets

Inventories 8 10,168 23,646

Non-financial physical assets classified as held for sale including disposal group assets 11 25 23

Property, plant and equipment 10 559,026 526,159

Investments accounted for using the equity method 12 35,000 35,000

Intangible assets 13 36,232 26,490

Other non-financial assets 14 1,858 966

Total non-financial assets 642,309 612,284

Total assets 1,194,330 815,139

LIABILITIES Payables 15 100,358 62,672

Borrowings 16 3,201 984

Provisions 17 35,188 20,876

Other liabilities 19 84 194

Liabilities directly associated with assets classified as held for sale 11 25 23 including disposal groups

Total liabilities 138,856 84,749

Net assets 1,055,474 730,390

EQUITY Accumulated surplus 249,103 209,859

Physical asset revaluation surplus 26 25,650 30,970

Contributed capital 780,721 489,561

Total equity 1,055,474 730,390

* 2014 includes the impact of Machinery of Government and administrative changes, however comparative amounts for the prior year have not been adjusted.

Restructure of administrative arrangements 9

Commitments for expenditure 21

Contingent assets and contingent liabilities 22

The balance sheet should be read in conjunction with the notes to the financial statements.

38 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

STATEMENT OF CHANGES IN EQUITY for the financial year ended 30 June 2014

Physical Asset Accumulated Contributed Notes Revaluation Surplus Surplus Capital Total $’000 $’000 $’000 $’000

Balance at 1 July 2012 30,970 198,849 381,204 611,023

Net result for the year – 11,010 – 11,010

Capital appropriations – – 120,511 120,511

Transfers – – (12,154) (12,154)

Balance at 30 June 2013 30,970 209,859 489,561 730,390

Net result for the year – 33,924 – 33,924

Capital appropriations – – 43,835 43,835

Administrative restructure 9 – – 266,359 266,359 – net assets received

Transfers via contributed capital – – (19,034) (19,034)

Transfer to accumulated surplus (5,320) 5,320 – –

Balance at 30 June 2014 25,650 249,103 780,721 1,055,474

The statement of changes in equity should be read in conjunction with the notes to the financial statements.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 39 03 FINANCIAL REPORT

CASH FLOW STATEMENT for the financial year ended 30 June 2014

Notes 2014* 2013 $’000 $’000 CASH FLOWS FROM OPERATING ACTIVITIES Receipts

Receipts from Government 676,877 522,913

Receipts from other entities 258,458 91,088

Goods and Services Tax recovered from the ATO 44,549 41,754

Interest received 5,312 611

Total receipts 985,196 656,366

Payments

Payments of grants and other transfers (484,647) (310,278)

Payments to suppliers and employees (427,455) (305,858)

Capital asset charge payments (9,801) (9,491)

Interest and other costs of finance paid (280) (47)

Total payments (922,183) (625,674)

Net cash flows from/(used) in operating activities 24(c) 63,013 30,692

CASH FLOWS FROM INVESTING ACTIVITIES Purchases of non-financial assets (38,058) (117,440)

Sales of non-financial assets 1,090 351

Payments for intangible assets (701) (2,803)

Net cash flows from/(used in) investing activities (37,669) (119,892)

CASH FLOWS FROM FINANCING ACTIVITIES Owner contributions by State Government 38,031 117,975

Restructuring of administrative arrangements 246,257 –

Repayment of finance leases (2,101) (591)

Net cash flows from/(used in) financing activities 282,187 117,384

Net increase/(decrease) in cash and cash equivalents 307,531 28,184

Cash and cash equivalents at the beginning of the financial year 89,229 61,045

Cash and cash equivalents at the end of the financial year 24(a) 396,760 89,229

* 2014 includes the impact of Machinery of Government and administrative changes, however comparative amounts for the prior year have not been adjusted.

Non-cash transactions 24(b)

The cash flow statement should be read in conjunction with the notes to the financial statements.

40 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 June 2014

NOTE 1. (B) BASIS OF ACCOUNTING SUMMARY OF SIGNIFICANT PREPARATION AND MEASUREMENT ACCOUNTING POLICIES The accrual basis of accounting has been applied These annual financial statements represent the in the preparation of these financial statements audited general purpose financial statements for whereby assets, liabilities, equity, income and the Department of State Development, Business expenses are recognised in the reporting period and Innovation (the department) for the period to which they relate, regardless of when cash ended 30 June 2014. The purpose of the report is received or paid. is to provide users with information about the department’s stewardship of resources Judgements, estimates and assumptions are entrusted to it. required to be made about the carrying values of assets and liabilities that are not readily apparent (A) STATEMENT OF COMPLIANCE from other sources. The estimates and associated These general purpose financial statements assumptions are based on professional judgements have been prepared in accordance with the derived from historical experience and various Financial Management Act 1994 and applicable factors that are believed to be reasonable under Australian Accounting Standards (AAS), which the circumstances. Actual results may differ include Interpretations, issued by the Australian from these estimates. Accounting Standards Board (AASB). In particular, Revisions to accounting estimates are recognised they are presented in a manner consistent with in the period in which the estimate is revised and the requirements of the AASB 1049 Whole of also in future periods that are affected by the Government and General Government Sector revision. Judgements and assumptions made by Financial Reporting. management in the application of AASs that have Where appropriate, those paragraphs of the significant effects on the financial statements and AASs applicable to not-for-profit entities have estimates relate to: been applied. >> the fair value of land, buildings, infrastructure, Accounting policies are selected and applied in a plant and equipment (refer to Note 1(Q)) manner which ensures that the resulting financial >> superannuation expense (refer to Note 1(K)); and information satisfies the concepts of relevance >> actuarial assumptions for employee benefit and reliability, thereby ensuring that the substance provisions based on likely tenure of existing staff, of the underlying transactions or other events patterns of leave claims, future salary movements is reported. and future discount rates (refer to Note 1(R)). To gain a better understanding of the terminology These financial statements are presented in used in this report, a glossary of terms can be Australian dollars, and prepared in accordance with found in Note 34. the historical cost convention except for: These annual financial statements were authorised >> non-financial physical assets which, subsequent for issue by the Secretary of the department on to acquisition, are measured at a revalued amount 4 September 2014. being their fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent impairment losses. Revaluations are made with sufficient regularity to ensure that the carrying amounts do not materially differ from their fair value.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 41 03 FINANCIAL REPORT

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Consistent with AASB 13 Fair Value Measurement, (C) SCOPE AND PRESENTATION OF Cash flow statement the department determines the policies and FINANCIAL STATEMENTS Cash flows are classified according to whether procedures for both recurring fair value Comprehensive operating statement or not they arise from operating, investing or measurements such as property, plant and financing activities. This classification is The comprehensive operating statement comprises equipment, and financial instruments and for consistent with requirements under AASB 107 three components, ‘net result from transactions’ non-recurring fair value measurements such as Statement of Cash Flows. non-financial physical assets held for sale, in (or termed as ‘net operating balance’), ‘other accordance with AASB 13 and the relevant economic flows included in net result’, as well For cash flow statement presentation purposes, Financial Reporting Directions. as ‘other economic flows -other comprehensive cash and cash equivalents include bank overdrafts, income’. The sum of the former two, together which are included as current borrowings on All assets and liabilities for which fair value is with the net result from discounted operations, the balance sheet. measured or disclosed in the financial statements represents the net result. are categorised within the fair value hierarchy, Rounding The net result is equivalent to profit or loss derived described as follows, based on the lowest Amounts in the financial statements have been in accordance with AASs. level input that is significant to the fair value rounded to the nearest $1,000, unless otherwise measurement as a whole: This classification is consistent with the whole of stated. Figures in the financial statements may >> Level 1 – Quoted (unadjusted) market prices in Government reporting format and is allowed under not equate due to rounding. Please refer to Note active markets for identical assets or liabilities AASB 101 Presentation of Financial Statements. 34 for a style convention for explanations of minor discrepancies resulting from rounding. >> Level 2 – Valuation techniques for which the Balance sheet lowest level input that is significant to the fair Assets and liabilities are presented in liquidity order value measurement is directly or indirectly with assets aggregated into financial assets and observable; and non-financial assets. >> Level 3 – Valuation techniques for which the Current and non-current assets and liabilities lowest level input that is significant to the fair (non-current being those expected to be recovered value measurement is unobservable. or settled in more than 12 months after the For the purpose of fair value disclosures, the reporting period) are disclosed in the notes, department has determined classes of assets and where relevant. liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of Statement of changes in equity the fair value hierarchy as explained above. The statement of changes in equity presents reconciliations of non-owner and owner changes In addition, the department determines whether in equity from the opening balance at the beginning transfers have occurred between levels in the of the reporting period to the closing balance at hierarchy by re-assessing categorisation (based the end of the reporting period. It also separately on the lowest level input that is significant to the shows changes due to amounts recognised in the fair value measurement as a whole) at the end ‘comprehensive result’ and amounts recognised in of each reporting period. ‘other economic flows – other movements in equity’ The Valuer-General Victoria (VGV) is the related to ‘transactions with owner in its capacity department’s independent valuer. as owner’. The department, in conjunction with the VGV, monitors changes in the fair value of each asset and liability through relevant data sources to determine whether revaluation is required.

42 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

(D) CHANGES IN ACCOUNTING POLICY defined benefit obligations and plan assets will The following new and revised Standards have have limited impact on the department. been adopted in the current period with their The revised standard also changes the definition financial impact detailed below. of short-term employee benefits. These were previously benefits that were expected to be settled AASB 13 Fair value measurement within twelve months after the end of the reporting AASB 13 establishes a single source of guidance period in which the employees render the related for all fair value measurements. AASB 13 does service, however, short-term employee benefits not change when a department is required to are now defined as benefits expected to be settled use fair value, but rather provides guidance on wholly within twelve months after the end of the how to measure fair value under AASs when fair reporting period in which employees rendered value is required or permitted. The department the related service. As a result, accrued annual has considered the specific requirements relating leave balances which were previously classified as to highest and best use, valuation premise, and short-term employee benefits no longer meet this principal market. The methods, assumptions, definition and are classified as long-term employee processes, and procedures for determining fair benefits. Where this has occurred it will result in value were revisited and adjusted where applicable. a change of measurement for the annual leave In light of AASB 13, the department has reviewed provision from an undiscounted to discount basis. the fair value principles as well as its current valuation methodologies in assessing the fair value, The department has undertaken a detailed analysis and the assessment has not materially changed of accrued annual leave balances for the last three the fair values recognised. years and considers the accrued annual leave is consistent with the department’s annual leave AASB 13 has impacted the disclosure by the policy and Victorian Public Service Workplace department as it requires specific disclosure about Determination 2012 (Conditions of Employment), fair value measurements and disclosures of fair both of which require accrued annual leave to values, some of which replace existing disclosure be settled wholly within twelve months after the requirements in other standards, including AASB 7 end of the reporting period in which employees Financial Instruments: Disclosures. rendered the related service. The disclosure requirements of AASB 13 Accordingly, the department has accounted for apply prospectively and need not be applied in the accrued annual leave liability at the reporting comparative information before first application. date as short-term employee benefits measured at Consequently, the 2012-13 comparatives of these nominal value. disclosures have not been provided, except for financial instruments, of which the fair value (E) BASIS OF CONSOLIDATION disclosures are required under AASB 7 In accordance with AASB 127 Consolidated and Financial Instruments: Disclosures. Separate Financial Statements: AASB 119 Employee benefits >> The consolidated financial statements of the In 2013-14, the department has applied AASB 119 department incorporates assets and liabilities Employee benefits (September 2011, as amended) of all reporting entities controlled by the and the related consequential amendments for department as at 30 June 2014, and their income the first time. and expenses for that part of the reporting period in which control existed (refer Note 1(F)) are The revised AASB 119 changes the accounting for controlled and consolidated. defined benefit plans and termination benefits. The most significant change relates to the accounting >> The consolidated financial statements exclude for changes in defined benefit obligation and plan bodies within the department’s portfolio that are assets. As the current accounting policy is for not controlled by the department and therefore the Department of Treasury and Finance (DTF) to are not consolidated. Bodies and activities that recognise and disclose the state’s defined benefit are administered (refer Note 1(G)) are also not liabilities in its financial statements, changes in controlled and not consolidated.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 43 03 FINANCIAL REPORT

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Where control of an entity is obtained during the (F) REPORTING ENTITY financial period, its results are included in the The financial statements cover the department comprehensive operating statement from the as an individual reporting entity. date on which control commenced. Where control ceases during a financial period, the entity’s results The department is a Government Department of are included for that part of the period in which the State of Victoria, established pursuant to an control existed. Where dissimilar accounting order made by the Premier under the Administrative policies are adopted by entities and their effect Arrangements Act 1983. is considered material, adjustments are made to Its principal address is: ensure consistent policies are adopted in these financial statements. Department of State Development, Business and Innovation In the process of preparing consolidated financial 121 Exhibition Street, Melbourne VIC 3000 statements for the department, all material Postal address: transactions and balances between consolidated PO Box 4509 Melbourne VIC 3001. entities are eliminated. The department is an administrative agency acting Consistent with the requirements of AASB 1004 on behalf of the Crown. Contributions, contributions by owners (i.e. contributed capital and its repayment) are The financial statements include all the controlled treated as equity transactions and, therefore, activities of the department. The following do not form part of the income and expenses of statutory body is included in the department’s the department. reporting entity: >> Victoria Trade and Investment Office Pty Ltd, Jointly controlled assets or operations a wholly owned subsidiary operating in China, was Interest in jointly controlled assets or operations acquired on 1 July 2005 to enable the department are not consolidated by the department, but are to engage in trade and investment promotion accounted for in the financial statements using activities in the South-East Asian region. the equity method. Under the equity method, the In addition, the following entities are included share of the profits or losses of the partnership in the department‘s reporting entity: is recognised in the comprehensive operating statement, and the share of movements in reserves >> Office of the Small Business Commissioner is recognised in reserves (non-owner equity) in established under the Small Business both the comprehensive operating statement and Commissioner Act 2003 the statement of changes in equity. The cumulative >> Major Projects Victoria (MPV) is part of the post-acquisition changes are adjusted against the department but derives its powers through carrying value of the jointly controlled entity. Details delegation to the Executive Director MPV and relating to the joint venture are set out in Note 12. other senior officers from the Secretary to the The department has a joint venture interest with Department of State Development, Business Monash University in the Australian Regenerative and Innovation, body corporate under the Medical Institute (ARMI). ARMI was established Project Development Construction and to construct and operate a facility which will Management Act 1994 (Vic). promote Victoria as a global leader in regenerative >> Regional Development Victoria medical research, foster and develop existing >> Red Tape Commissioner, and research collaboration on both domestic and overseas projects, and provide a major site for both >> Victorian Mining Warden. undergraduate and post graduate training programs. A description of the nature of the department’s The department has no rights to share profits and is operations and its principal activities is included not liable for losses of the Joint Venture as set-out in the Report of Operations which does not form in the Joint Venture Funding Agreement. part of the financial statements. Details on the restructure of administrative arrangements can be found in Note 9.

44 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

Objectives and funding using the same accounting policies adopted The objectives of the department during the for recognition of the departmental items in reporting period were: the financial statements. Both controlled and administered items of the department are >> assist businesses in accessing skilled workers consolidated into the financial statements to align with Victoria’s industry needs of the state. >> provide market intelligence and assistance to Disclosures related to administered items can organisations to make it easy to invest in Victoria be found in Notes 3 and 21. >> create more opportunities for Victorian communities and businesses to grow and (H) EVENTS AFTER THE become more productive and competitive in REPORTING PERIOD the global marketplace Assets, liabilities, income or expenses arise from >> promote Victoria to attract tourists, investors, past transactions or other past events. Where the and students transactions result from an agreement between the department and other parties, the transactions are >> support organisations and Government to only recognised when the agreement is irrevocable boost their productivity through innovation at or before the end of the reporting period. and technology Adjustments are made to amounts recognised in >> promote the delivery of safe, reliable and the financial statements for events which occur competitive energy services, and grow after the reporting period and before the date a sustainable resources sector. the financial statements are authorised for issue, Information about the department’s output where those events provide information about activities, and the income, expenses, assets and conditions which existed in the reporting period. liabilities which are reliably attributable to those Note disclosure is made about events between output activities, is set out in the output activities the end of the reporting period and the date the schedule at Note 2. Information about income, financial statements are authorised for issue where expenses, assets and liabilities administered the events relate conditions which arose after the by the department are given in the schedule end of the reporting period and which may have a of administered expenses and income and the material impact on the results of subsequent years. schedule of administered assets and liabilities, (I) ACCOUNTING FOR GOODS refer to Note 3. AND SERVICES TAX (GST) (G) ADMINISTERED ITEMS Income, expenses, assets and liabilities are recognised net of the amount of associated GST, Certain resources are administered by the except where GST incurred is not recoverable from department on behalf of the state. While the the taxation authority. In this case GST payable is department is accountable for the transactions recognised as part of the cost of acquisition of the involving administered items, it does not have asset or as part of the expense. the discretion to deploy the resources for its own benefit or the achievement of its objectives. Receivables and payables are stated inclusive of Accordingly, transactions and balances relating the amount of GST receivable or payable. The net to administered items are not recognised as amount of GST recoverable from, or payable to, the departmental income, expenses, assets or liabilities taxation authority is included with other receivables in the body of the financial statements. or payables in the balance sheet. Administered income includes revenue generated Cash flows are presented on a gross basis. The GST for the state from brown coal and minerals components of cash flows arising from investing or royalties, levies, and mining licences. Administered financing activities which are recoverable from or assets include Government income earned but payable to the taxation authority, are presented as not yet collected. Administered liabilities include an operating cash flow. Government expenses incurred but not yet paid. Commitments, contingent assets and contingent Except as otherwise disclosed, administered liabilities are also stated exclusive of GST resources are accounted for on an accrual basis (refer to Note 1(S) and Note 1(T)).

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 45 03 FINANCIAL REPORT

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

(J) INCOME FROM TRANSACTIONS Net realised and unrealised gains and losses on Income is recognised to the extent that it is the revaluation of investments do not form part probable that the economic benefits will flow to of income from transactions, but are reported as the department and the income can be reliably part of income from other economic flows in the measured at fair value. net result or as unrealised gains and losses taken directly to equity, forming part of the total change Appropriation income in net worth in the comprehensive result. Appropriated income becomes controlled and Trust income is recognised by the department when it is appropriated from the Consolidated Fund by the Trust income received for a specific purpose is Victorian Parliament and applied to the purposes deferred and recognised progressively in the defined under the relevant Appropriations Act. comprehensive operating statement in the period Additionally, the department is permitted under in which conditions relating to the payment of the Section 29 of the Financial Management Act funds to third parties have been met. Major trusts 1994 to have certain income annotated to the include the Regional Growth Fund. annual appropriation. The income which forms All other trust income is recognised in the part of a Section 29 agreement is recognised by comprehensive operating statement when it is the department and the receipts paid into the earned by the department and any unapplied Consolidated Fund as an administered item. At the amounts as at the end of the reporting period point of income recognition, Section 29 provides are recognised in the balance sheet under other for an equivalent amount to be added to the annual liabilities until the associated expenditure is appropriation. Examples of receipts which can form incurred. Accordingly, the department recognises part of a Section 29 agreement are Commonwealth current and non current unearned revenue based specific purpose grants, municipal council special on the timing of the estimated future payments purpose grants, the proceeds from the sale of assets, to be made. and income from the sale of products and services. Grants Where applicable, amounts disclosed as income are net of returns, allowances, duties and taxes. Income from grants (other than contribution All amounts of income over which the department by owners) is recognised when the department does not have control are disclosed as administered gains control over the assets. income in the schedule of administered income Where such grants are payable into the and expenses, refer Note 3. Income is recognised consolidated fund, they are reported as for each of the department’s major activities administered income. For reciprocal grants as follows: (i.e. equal value is given back by the department to the provider), the department is deemed to have Output appropriations assumed control when the department has satisfied Income from the outputs the department provides its performance obligations under the terms of the to Government is recognised when those outputs grant. For non reciprocal grants, the department have been delivered and the relevant Minister has is deemed to have assumed control when the grant certified delivery of those outputs in accordance is receivable or received. Conditional grants may with specified performance criteria. be reciprocal or non reciprocal depending on the terms of the grant. Interest income Interest income includes interest received on bank term deposits and other investments and the unwinding over time of the discount on financial assets. Interest income is recognised using the effective interest method which allocates the interest over the relevant period.

46 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

Fair value of assets and services received Superannuation – state superannuation free of charge or for nominal consideration defined benefit plans Contributions of resources received free of charge The amount recognised in the comprehensive or for nominal consideration are recognised at operating statement is the employer contributions fair value when control is obtained over them, for members of both defined benefit and defined irrespective of whether these contributions are contribution superannuation plans that are paid subject to restrictions or conditions over their or payable during the reporting period. use. Contributions in the form of services are The DTF in their Annual Financial Statements, only recognised when a fair value can be reliably disclose on behalf of the state as the sponsoring determined and the services would have been employer, the net defined benefit cost related to the purchased if not received as a donation. members of these plans as an administered liability. Other income Refer to DTF’s Annual Financial Statements for more detailed disclosures in relation to these plans. Other income includes trust income, property rental, and land development sales for the Kew Residential Depreciation and amortisation Services Project. All infrastructure assets, buildings, plant and Under the Kew Residential Developer Agreement equipment, and other non-financial physical assets the department, through MPV, is the proprietor (excluding items under operating leases, assets for all building lot sales and as such reports the held-for-sale, land and investment properties) proceeds from sales as well as the costs of the that have finite useful lives are depreciated or development. amortised. Depreciation is generally calculated on a straight-line basis, at rates that allocate the asset’s (K) EXPENSES FROM TRANSACTIONS value, less any estimated residual value, over its Expenses from transactions are recognised as they estimated useful life. Refer to Note 1(Q) for the are incurred, and reported in the financial year to depreciation policy for leasehold improvements. which they relate. The estimated useful lives, residual values, and Grants and other transfers depreciation method are reviewed at the end of each annual reporting period, and adjustments Grants and other transfers to third parties are made where appropriate. recognised as an expense in the reporting period in which they are paid or payable. They include The following are typical estimated useful lives transactions such as grants, subsidies and other for the different asset classes for current and transfer payments including but not limited to prior years: Tourism Victoria and Film Victoria. Asset class Useful life Employee expenses 2014 2013 Refer to the section in Note 1(R) regarding Buildings 33 to 50 33 to 50 employee benefits. Buildings leasehold 150 150

These expenses include all costs related to Infrastructure 90 90 employment (other than superannuation which Leasehold improvements 8 to 15 8 to 15 is accounted for separately) including wages and salaries, fringe benefits tax, leave entitlements, Plant and equipment 3 to 10 3 to 10 redundancy payments, and WorkCover premiums. Intangible produced assets – software development 1 to 5 1 to 5

Core cultural assets, which are considered to have an indefinite life, are not depreciated. Depreciation is not recognised in respect of these assets as their service potential has not, in any material sense, been consumed during the reporting period.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 47 03 FINANCIAL REPORT

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Intangible produced assets with finite useful lives Fair value of assets and services provided free are amortised as an expense from transactions of charge or for nominal consideration on a systematic (typically straight line) basis over Contributions of resources provided free of charge the asset’s useful life. Amortisation begins when or for nominal consideration are recognised at their the asset is available for use (i.e. when it is in fair value by the transferee when the transferee the location and condition necessary for it to be obtains control over them, irrespective of whether capable of operating in the manner intended restrictions or conditions are imposed over the by management). use of the contributions, unless received from Intangible assets with indefinite useful lives are not another Government department or agency as a amortised, but are treated annually for impairment. consequence of a restructuring of administrative arrangements. In the latter case, such a transfer The intangible asset, refer Note 13, is a deferred will be recognised at carrying value. expense primarily relating to the development of Parkville Gardens, internal software development, Contributions in the form of services are only and the Resource Rights Allocation and Management recognised when a fair value can be reliably (RRAM) system, transferred as part of the Machinery determined and the services would have been of Government change that took effect on 1 July purchased if not donated. 2013. The value for the development of Parkville Gardens is progressively recognised (expensed) in (L) OTHER ECONOMIC FLOWS INCLUDED IN NET RESULT line with the sale of properties within the site and is tested for impairment every 12 months, and RRAM’s Other economic flows measure the change in is amortised over the life of the software. volume or value of assets or liabilities that do not result from transactions. These include: Interest expense Net gain/(loss) on non-financial assets Interest expenses are recognised in the period in which they are incurred and mainly relate to finance Net gain/(loss) on non-financial assets and liabilities lease interest charges. Refer to Glossary of terms includes realised and unrealised gains and losses and style conventions in Note 34 for an explanation as follows: of interest expense items. Revaluation gains/(losses) of non-financial Capital asset charge physical assets The capital asset charge is calculated on Refer to Note 1(Q) Revaluations of non-financial the budgeted carrying amount of applicable physical assets. non-financial physical assets. Disposal of non-financial assets Other operating expenses Any gain or loss on the disposal of non-financial Other operating expenses generally represent assets is recognised at the date of disposal and the day-to-day running costs incurred in normal is determined after deducting from the proceeds operations and include: the carrying value of the asset at that time.

Supplies and services Amortisation of non-produced intangible assets Supplies and services are recognised as an expense Intangible non-produced assets with finite lives are in the reporting period in which they are incurred. amortised on a systematic (typically straight-line) The carrying amounts of any inventories held for basis over the asset’s useful life. Amortisation distribution are expensed when distributed. begins when the asset is available for use (i.e. when it is in the location and condition Bad and doubtful debts necessary for it to be capable of operating in Refer to Note 1(O) Impairment of financial assets. the manner intended by management).

Gain/(Loss) arising from transactions in foreign exchange Refer to Note 1(V) Foreign Currency.

48 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

Impairment of non-financial assets Net gain/(loss) on financial instruments Intangible assets with indefinite useful lives (and Net gain/(loss) on financial instruments includes: intangible assets not yet available for use) are tested annually for impairment (as described below) >> realised and unrealised gains and losses from and whenever there is an indication that the asset revaluations of financial instruments at fair value; may be impaired. >> impairment and reversal of impairment for All other non-financial assets are assessed annually financial instruments at amortised cost (refer to for indications of impairment, except for: Note 1(N)); and >> disposals of financial assets and derecognition >> non-financial physical assets held for sale, of financial liabilities. refer Note 11 >> inventories, refer Note 8. Revaluations of financial instruments at fair value If there is an indication of impairment, the assets concerned are tested as to whether their carrying Refer to Note 1(N) Financial Instruments. amount exceeds their recoverable amount. Where Other gains/(losses) from an asset’s carrying amount exceeds its recoverable other economic flows amount, the difference is written-off as an other economic flow, except to the extent that the write- Other gains/(losses) from other economic flows down can be debited to an asset revaluation surplus include the gains or losses from: account applicable to that class of asset. >> the revaluation of the present value of the long If there is an indication that there has been a service leave liability due to changes in bond change in the estimate of an asset’s recoverable interest rates; and amount since the last impairment loss was >> transfer of amounts from the reserves to recognised, the carrying amount shall be increased accumulated surplus or net result due to disposal to its recoverable amount. This reversal of the or derecognition or reclassification. impairment loss occurs only to the extent that the asset’s carrying amount does not exceed the (M) ADMINISTERED INCOME carrying amount that would have been determined, Grants from the Commonwealth net of depreciation or amortisation, if no impairment Government and other jurisdictions loss has been recognised in prior years. The department’s administered grants mainly It is deemed that, in the event of the loss of an comprise funds provided by the Commonwealth to asset, the future economic benefits arising from the assist the State Government in meeting general use of the asset will be replaced unless a specific or specific service delivery obligations, primarily decision to the contrary has been made. The for the purpose of aiding in the financing of the recoverable amount for most assets is measured operations of the recipient, capital purposes, at fair value less costs to sell. This is due to the and/or for on-passing to other recipients. The fact most assets held by the department are not department also receives grants for on-passing to primarily used for cash generating purposes, and in other jurisdictions. The department does not have the event of their loss, the future economic benefits control over these grants, and the income is not arising from the use of the asset will be replaced recognised in the department’s financial statements. unless a specific decision to the contrary has been Administered grants are disclosed in the Schedule made. Recoverable amount for assets held primarily of Administered items in Note 3. to generate net cash inflows is measured at the higher of the present value of future cash flows expected to be obtained from the asset and fair value less costs to sell. Refer to Note 1(Q) in relation to the recognition and measurement of non-financial assets.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 49 03 FINANCIAL REPORT

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

(N) FINANCIAL INSTRUMENTS attributable costs. Subsequent to initial recognition, Financial instruments arise out of contractual these financial instruments are measured at agreements that give rise to a financial asset amortised cost with any difference between the of one entity and a financial liability or equity initial recognised amount and the redemption value instrument of another entity. Due to the nature of being recognised in profit and loss over the period the department’s activities, certain financial assets of the interest-bearing liability, using the effective and financial liabilities arise under statute rather interest rate method, refer Note 34. than a contract. Such financial assets and financial Financial instrument liabilities measured at liabilities do not meet the definition of financial amortised cost include all of the department’s instruments in AASB 132 Financial Instruments: contractual payables, deposits held and advances Presentation. For example, statutory receivables received, and interest-bearing arrangements arising from taxes, fines, and penalties do not meet other than those designated at fair value the definition of financial instruments as they do through profit and loss. not arise under contract. However, guarantees issued by the Treasurer on behalf of the department Offsetting financial instruments are financial instruments because, although Financial instrument assets and liabilities are offset authorised under statute, the terms and conditions and the net amount presented in the consolidated for each financial guarantee may vary and are balance sheet when, and only when, the subject to an agreement. department concerned has a legal right to offset Where relevant, for note disclosure purposes, a the amounts and intends either to settle on a net distinction is made between those financial assets basis or to realise the asset and settle the and financial liabilities that meet, and do not meet liability simultaneously. the definition of financial instruments in accordance with AASB 132 Financial Instruments: Presentation. Reclassification of financial instruments Subsequent to initial recognition and under rare The following refers to financial instruments unless circumstances, non-derivative financial instruments otherwise stated: assets that have not been designated at fair value Categories of non-derivative through profit or loss upon recognition, may be financial instruments reclassified out of the fair value through profit or loss category, if they are no longer held for the Loans and receivables purpose of selling or repurchasing in the near term. Loans and receivables are financial instrument Financial instrument assets that meet the definition assets with fixed and determinable payments that of loans and receivables may be reclassified out are not quoted on an active market. These assets of the fair value through profit and loss category are initially recognised at fair value plus any directly into the loans and receivables category, where attributable transaction costs. Subsequent to initial they would have met the definition of loans and measurement, loans and receivables are measured receivables had they not been required to be at amortised cost using the effective interest classified as fair value through profit and loss. method, less any impairment. In these cases, the financial instrument assets Loans and receivables category includes cash may be reclassified out of the fair value through and deposits (refer to Note 1(O)), term deposits profit and loss category, if there is the intention with maturity greater than three months, trade and ability to hold them for the foreseeable future receivables, loans and other receivables, but not or until maturity. statutory receivables. Available-for-sale financial instrument assets that Financial liabilities at amortised cost meet the definition of loans and receivables may be reclassified into the loans and receivables category Financial instrument liabilities are initially if there is the intention and ability to hold them for recognised on the date they are originated. They the foreseeable future or until maturity. are initially measured at fair value plus any directly

50 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

(O) FINANCIAL ASSETS Investments and other financial assets Cash and deposits Investments are classified in the following categories: Cash and deposits recognised on the balance sheet comprise cash equivalents, cash on hand >> financial assets at fair value through profit or loss and cash at bank, deposits at call and highly liquid >> loans and receivables investments (with an original maturity of three months or less), which are held for the purpose of >> held-to-maturity; and meeting short term cash commitments rather than >> available-for-sale financial assets. for investment purposes, and which are readily The classification depends on the purpose for which convertible to known amounts of cash and are the investments were acquired. Management subject to insignificant risk of changes in value. determines the classification of its investments For cash flow statement presentation purposes, at initial recognition. cash and cash equivalents includes bank Any dividend or interest earned on the financial overdrafts, which are included as borrowings asset is recognised in the comprehensive operating on the balance sheet. statement as a transaction.

Receivables Derecognition of financial assets Receivables consist of: A financial asset (or, where applicable, a part of a >> contractual receivables, such as debtors in financial asset or part of a group of similar financial relation to goods and services, loans to third assets) is derecognised when: parties, accrued investment income, and finance >> the rights to receive cash flows from the asset lease receivables (refer to Note 1(P) Leases); and have expired; or >> statutory receivables, such as amounts owing >> the department retains the right to receive from the Victorian Government and GST input cash flows from the asset, but has assumed an tax credits recoverable. obligation to pay them in full without material Contractual receivables are classified as financial delay to a third party under a ‘pass through’ instruments and categorised as loans and arrangement; or receivables (refer to Note 1(N) Financial Instruments >> the department has transferred its rights to for recognition and measurement). Statutory receive cash flows from the asset and either: receivables, are recognised and measured similarly to contractual receivables (except for impairment), >> has transferred substantially all the risks but are not classified as financial instruments and rewards of the asset; or because they do not arise from a contract. >> has neither transferred nor retained Receivables are subject to impairment testing substantially all the risks and rewards of as described below. A provision for doubtful the asset, but has transferred control receivables is recognised when there is objective of the asset. evidence that the debts may not be collected, Where the department has neither transferred nor and bad debts are written-off when identified. retained substantially all the risks and rewards or transferred control, the asset is recognised to the For the measurement principle of receivables, extent of the department’s continuing involvement refer to Note 1(N). in the asset.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 51 03 FINANCIAL REPORT

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Impairment of financial assets Department as lessee At the end of each reporting period, the department At the commencement of the lease term, finance assesses whether there is objective evidence that leases are initially recognised as assets and a financial asset or group of financial assets is liabilities at amounts equal to the fair value of impaired. All financial instrument assets, except the lease property or, if lower, the present value those measured at fair value through profit and loss, of the minimum lease payment, each determined are subject to annual review for impairment. at the inception of the lease. The leased asset is accounted for as a non-financial physical asset and Receivables are assessed for bad and doubtful depreciated over the shorter of the estimated useful debts on a regular basis. Those bad debts life of the asset or the term of the lease. considered as written-off by mutual consent are classified as a transaction expense. Bad debts not Minimum finance lease payments are apportioned written-off by mutual consent and the allowance between reduction of the outstanding lease liability, for doubtful receivables are classified as other and periodic finance expense which is calculated economic flows in the net result. using the interest rate implicit in the lease and charged directly to the comprehensive operating In assessing impairment of statutory statement. Contingent rentals associated with (non-contractual) financial assets, which are not finance leases are recognised as an expense in financial instruments, professional judgement is the period in which they are incurred. applied in assessing materiality using estimates, averages and other computational methods in Operating leases accordance with AASB 136 Impairment of Assets. Department as lessor (P) LEASES Rental income from operating leases is recognised A lease is a right to use an asset for an agreed on a straight line basis over the term of the period of time in exchange for payment. relevant lease. Leases are classified at their inception as either All incentives for the agreement of a new or operating or finance leases based on the economic renewed operating lease are recognised as substance of the agreement so as to reflect the risks an integral part of the net consideration agreed and rewards incidental to ownership. for the use of the leased asset, irrespective of the incentive’s nature or form or the timing Leases of infrastructure, property, plant and of payments. equipment are classified as finance leases whenever the terms of the lease transfer In the event that lease incentives are given to substantially all the risks and rewards of the lessee, the aggregate cost of incentives are ownership to the lessee. All other leases are recognised as a reduction of rental income over the classified as operating leases. lease term on a straight-line basis, unless another systematic basis is more representative of the time Finance leases pattern in which economic benefits of the leased Department as lessor asset is diminished. Amounts due from lessees under finance leases Department as lessee are recorded as receivables. Finance lease Operating lease payments, including any contingent receivables are initially recorded at amounts rentals, are recognised as an expense in the equal to the present value of the minimum lease comprehensive operating statement on a straight- payments receivable plus the present value of any line basis over the lease term, except where another unguaranteed residual value expected to accrue at systematic basis is more representative of the time the end of the lease term. Finance lease receipts pattern of the benefits derived from the use of the are apportioned between periodic interest income leased asset. The leased asset is not recognised and reduction of the lease receivable over the term in the balance sheet. of the lease in order to reflect a constant periodic rate of return on the net investment outstanding in respect of the lease.

52 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

All incentives for the agreement of a new or Non-financial physical assets renewed operating lease are recognised as an classified as held for sale, including integral part of the net consideration agreed for disposal group assets the use of the leased asset, irrespective of the Non-financial physical assets (including disposal incentive’s nature or form or the timing of payments. group assets) are treated as current assets and In the event that lease incentives are received to classified as held for sale if their carrying amount enter into operating leases, the aggregate cost of will be recovered through a sale transaction rather incentives are recognised as a reduction of rental than through continuing use. expense over the lease term on a straight-line This condition is regarded as met only when: basis, unless another systematic basis is more >> the asset is available for immediate use representative of the time pattern in which economic in the current condition; and benefits of the leased asset are consumed. >> the sale is highly probable and the asset’s sale (Q) NON-FINANCIAL ASSETS is expected to be completed in twelve months from the date of classification. Inventories Inventories include goods and other property held These non-financial physical assets, related either for sale, or for distribution at zero or nominal liabilities and financial assets are measured at cost, or for consumption in the ordinary course the lower of carrying amount and fair value less of business operations. costs to sell, and are not subject to depreciation or amortisation. Inventories held for distribution are measured at cost, adjusted for any loss of service potential. All Property, plant and equipment other inventories, including land held for sale, are All non-financial physical assets, are measured measured at the lower of cost and net realisable initially at cost and subsequently revalued at value. Where inventories are acquired for no cost or fair value less accumulated depreciation and nominal consideration, they are measured at current impairment. Where an asset is acquired for replacement cost at the date of acquisition. no or nominal cost, the cost is its fair value Cost, includes an appropriate portion of fixed and at the date of acquisition. Assets transferred variable overhead expenses. Cost is assigned to as part of a Machinery of Government change land held for sale (undeveloped, under development are transferred at their carrying amount. and developed) and to other high value, low volume The initial cost for non-financial physical assets inventory items on a specific identification of cost under a finance lease (refer to Note 1(P)) is basis. Cost for all other inventory is measured on measured at amounts equal to the fair value the basis of weighted average cost. of the leased asset or, if lower, the present value Bases used in assessing loss of service potential of the minimum lease payments, each determined for inventories held for distribution include current at the inception of the lease. replacement cost and technical or functional Non-financial physical assets such as crown obsolescence. Technical obsolescence occurs when land are measured at fair value with regard to an item still functions for some or all of the tasks it the property’s highest and best use after due was originally acquired to do, but no longer matches consideration is made for any legal or constructive existing technologies. Functional obsolescence restrictions imposed on the asset, public occurs when an item no longer functions the way announcements or commitments made in relation it did when it was first acquired. to the intended use of the asset. Theoretical opportunities that may be available in relation to the asset are not taken into account until it is virtually certain that the restrictions will no longer apply. Therefore, unless otherwise disclosed, the current use of these non-financial physical assets will be their highest and best uses. The fair value of heritage assets, and other non-financial physical

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 53 03 FINANCIAL REPORT

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) assets (including crown land and infrastructure Revaluations of non-financial assets) that the department intends to preserve physical assets because of their unique attributes, is measured Non-financial physical assets are measured at fair at the replacement cost of the asset less, where value on a cyclical basis, in accordance with the applicable, accumulated depreciation (calculated Financial Reporting Directions (FRDs) issued by the on the basis of such cost to reflect the already Minister for Finance. A full revaluation normally consumed or expired future economic benefits occurs every five years, based upon the asset’s of the asset) and any accumulated impairment. Government purpose classification but may occur These policies and any legislative limitations and more frequently if fair value assessments indicate restrictions imposed on their use and/or disposal material changes in values. Independent valuers may impact their fair value. are generally used to conduct these scheduled The fair value of infrastructure assets and plant, revaluations. Certain infrastructure assets are equipment and vehicles, is normally determined by revalued using specialised advisors. Any interim reference to the asset’s depreciated replacement revaluations are determined in accordance with cost, or where the infrastructure is held by a the requirements of the FRDs. for-profit entity, the fair value may be derived Revaluation increases or decreases arise from from estimates of the present value of future cash differences between an asset’s carrying amount flows. For plant, equipment and vehicles, existing and fair value. depreciated historical cost is generally a reasonable proxy for depreciated replacement cost because of Net revaluation increases (where the carrying the short lives of the assets concerned. amount of a class of assets is increased as a result of a revaluation) are recognised in ‘Other Certain assets are acquired under finance leases, economic flows – other movements in equity’, and which may form part of a service concession accumulated in equity under the asset revaluation arrangement. Refer to Notes 1(P) Leases and 1(S) surplus. However, the net revaluation increase is Commitments for more information. recognised in the net result to the extent that it The cost of constructed non-financial physical reverses a net revaluation decrease in respect of assets includes the cost of all materials used the same class of property, plant and equipment in construction, direct labour on the project, previously recognised as an expense (other and an appropriate proportion of variable and economic flows) in the net result. fixed overheads. Net revaluation decrease is recognised in ‘Other For the accounting policy on impairment of non- economic flows – other movements in equity’ to financial physical assets, refer to impairment of the extent that a credit balance exists in the asset non-financial assets under Note 1(L) Impairment revaluation surplus in respect of the same class of of non-financial assets. property, plant and equipment. Otherwise, the net revaluation decreases are recognised immediately Leasehold improvements as other economic flows in the net result. The net The cost of a leasehold improvement is capitalised revaluation decrease recognised in ‘Other economic as an asset and amortised over the shorter of the flows – other movements in equity’ reduces the remaining term of the lease or the estimated useful amount accumulated in equity under the asset life of the improvements. revaluation surplus. Revaluation increases and decreases relating to individual assets in a class of property, plant and equipment, are offset against one another in that class but are not offset in respect of assets in different classes. Any asset revaluation surplus is not normally transferred to accumulated funds on derecognition of the relevant asset.

54 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

Intangible assets (R) LIABILITIES Intangible assets are initially recognised at Payables cost. Subsequently, intangible assets with finite Payables consist of: useful lives are carried at cost less accumulated depreciation/amortisation and accumulated >> contractual payables, such as accounts payable, impairment losses. Costs incurred subsequent and unearned income including deferred income. to initial acquisition are capitalised when it is Accounts payable represent liabilities for goods expected that additional future economic and services provided to the department as at the benefits will flow to the department. end of the financial year that are unpaid, and arise when the department becomes obliged to make When the recognition criteria in AASB 138 future payments in respect of the purchase of Intangible Assets are met, internally generated those goods and services; and intangible assets are recognised and measured at cost less accumulated amortisation and impairment. >> statutory payables, such as GST and fringe benefits tax payables. Refer to Note 1(K) Depreciation, Amortisation of non-produced intangible assets and Note 1(L) Contractual payables are classified as financial Impairment of non-financial assets. instruments and categorised as financial liabilities at amortised cost, refer Note 1(N). Statutory Expenditure on research activities is recognised payables are recognised and measured similarly as an expense in the period in which it is incurred. to contractual payables, but are not classified An internally-generated intangible asset arising as financial instruments and not included in the from development (or from the development phase category of financial liabilities at amortised cost, of an internal project) is recognised if, and only if, because they do not arise from a contract. all of the following are demonstrated: Borrowings (a) the technical feasibility of completing the All interest bearing liabilities are initially recognised intangible asset so that it will be available at fair value of the consideration received, less for use or sale; directly attributable transaction costs, refer Note (b) an intention to complete the intangible asset 1(P) Leases. The measurement basis subsequent and use or sell it; to initial recognition depends on whether the department has categorised its interest-bearing (c) the ability to use or sell the intangible asset; liabilities as either financial liabilities designated (d) the intangible asset will generate probable at fair value through profit and loss, or financial future economic benefits; liabilities at amortised cost. Any difference between the initial recognised amount and the redemption (e) the availability of adequate technical, value is recognised in net result over the period of financial and other resources to complete the borrowing using the effective interest method. the development and to use or sell the intangible asset; and Financial guarantees (f) the ability to measure reliably the expenditure Payments that are contingent under financial attributable to the intangible asset during guarantee contracts are recognised as a liability its development. at the time the guarantee is issued. The liability is initially measured at fair value, and if there Other non-financial assets is a material increase in the likelihood that the guarantee may have to be exercised, then it is Prepayments measured at the higher of the amount determined Other non-financial assets include prepayments in accordance with AASB 137 Provisions, which represent payments in advance of receipt Contingent Liabilities and Contingent Assets of goods or services or that are part of expenditure and the amount initially recognised less made in one accounting period covering a term cumulative amortisation, where appropriate. extending beyond that period.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 55 03 FINANCIAL REPORT

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

In the determination of fair value, consideration Employee benefits is given to factors including the overall capital Provision is made for benefits accruing to management/prudential supervision framework employees in respect of wages and salaries, annual in operation, the protection provided by the leave and long service leave for services rendered State Government by way of funding should the to the reporting date. probability of default increase, probability of default by the guaranteed party and the likely loss to the (i) Salaries and wages, annual leave department in the event of default. and sick leave Liabilities for salaries and wages, including The value of loans and other amounts guaranteed non-monetary benefits and annual leave, are by the Treasurer is disclosed in Note 22 Contingent recognised in the provision for employee benefits assets and contingent liabilities. as ‘current liabilities’, because the department Derecognition of financial liabilities does not have an unconditional right to defer settlements of the liabilities. Those liabilities which A financial liability is derecognised when the are expected to be settled within twelve months of obligation under the liability is discharged, the reporting period, are measured at their nominal cancelled or expires. values. Those liabilities that are not expected to be When an existing financial liability is replaced by settled within twelve months are also recognised another from the same lender on substantially in the provision for employee benefits as current different terms, or the terms of an existing liability liabilities, but are measured at present value of the are substantially modified, such an exchange or amounts expected to be paid when the liabilities modification is treated as a derecognition of the are settled using the remuneration rate expected original liability and the recognition of a new to apply at the time of settlement. liability. The difference in the respective carrying (ii) Long service leave amounts is recognised as an other economic flow in the estimated consolidated comprehensive Liability for long service leave (LSL) is recognised operating statement. in the provision for employee benefits. Unconditional LSL is disclosed in the notes to Provisions the financial statements as a current liability, even Provisions are recognised when the department where the department does not expect to settle the has a present obligation, the future sacrifice of liability within twelve months because it will not economic benefits is probable, and the amount of have the unconditional right to defer the settlement the provision can be measured reliably. of the entitlement should an employee take leave The amount recognised as a provision is the best within twelve months. estimate of the consideration required to settle the The components of this current LSL liability present obligation at the end of the reporting period, are measured at: taking into account the risks and uncertainties surrounding the obligation. Where a provision is >> undiscounted value – if the department expects to measured using the cash flows estimated to settle settle within twelve months; and the present obligation, its carrying amount is the >> present value – if the department does not expect present value of those cash flows, using a discount to settle within twelve months. rate that reflects the time value of money and risks Conditional LSL is disclosed as a non-current specific to the provision. liability. There is an unconditional right to defer the When some or all of the economic benefits required settlement of the entitlement until the employee to settle a provision are expected to be received has completed the requisite years of service. from a third party, the receivable is recognised as This non-current LSL liability is measured at an asset if it is virtually certain that recovery will be present value. received and the amount of the receivable can be measured reliably.

56 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

Any gain or loss following revaluation of the present (U) EQUITY value of non-current LSL liability is recognised as Contributions by owners a transaction, except to the extent that a gain or loss arises due to changes in bond interest rates for Additions to net assets which have been designated which it is then recognised as an other economic as contributions by owners are recognised as flow (refer to Note 1(L)). contributed capital. Other transfers that are in the nature of contributions or distributions have also (iii) Termination benefits been designated as contributions by owners. Termination benefits are payable when employment Transfers of net assets arising from administrative is terminated before the normal retirement restructurings are treated as distributions to or date, or when an employee accepts voluntary contributions by owners. Transfers of net liabilities redundancy in exchange for these benefits. The arising from administrative restructurings are department recognises termination benefits when treated as distributions to owners. it is demonstrably committed to either terminating the employment of current employees according (V) FOREIGN CURRENCY to a detailed formal plan without possibility of All foreign currency transactions are brought to withdrawal or providing termination benefits as account using the exchange rate in effect at the a result of an offer made to encourage voluntary date of the transaction. Foreign monetary items redundancy. Benefits falling due more than twelve existing at the date of the end of the reporting months after the end of the reporting period are period are translated at the closing rate at the date discounted to present value. of the end of the reporting period. Non-monetary Employee benefits on-costs assets carried at fair value that are denominated in foreign currencies are translated to the functional Employee benefits on-costs such as payroll tax, currency at the rates prevailing at the date when workers compensation and superannuation are the fair value was determined. recognised separately from the provision of employee benefits. Foreign currency translation differences are recognised in other economic flows and (S) COMMITMENTS accumulated in a separate component of equity, Commitments for future expenditure include in the period in which they arise. operating and capital commitments arising from contracts. These commitments are disclosed by (W) AASs ISSUED THAT way of a note (refer to Note 21 Commitments for ARE NOT YET EFFECTIVE expenditure) at their nominal value and exclusive Certain new AASs have been published that are of the GST payable. In addition, where it is not mandatory for 30 June 2014 reporting period. considered appropriate and provides additional DTF assesses the impact of all these new standards relevant information to users, the net present and advises department of their applicability and values of significant individual projects are stated. early adoption where applicable. In addition the These future expenditures cease to be disclosed Department of State Development, Business and as commitments once the related liabilities are Innovation undertakes a detailed assessment of the recognised in the balance sheet. impact on its operations of transitional AAS. As at 30 June 2014, the following AASs have been (T) CONTINGENT ASSETS AND CONTINGENT LIABILITIES issued by the AASB but not yet effective. They become effective for the first financial statements Contingent assets and contingent liabilities are not for reporting periods commencing after the stated recognised in the balance sheet, but are disclosed operative dates as follows: by way of a note (refer Note 22 Contingent assets and contingent liabilities) and, if quantifiable, are measured at nominal value. Contingent assets and liabilities are presented exclusive of GST receivable or payable respectively.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 57 03 FINANCIAL REPORT

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

STANDARD / SUMMARY APPLICABLE IMPACT ON INTERPRETATION FOR ANNUAL DEPARTMENTAL REPORTING FINANCIAL PERIODS STATEMENTS BEGINNING ON AASB 9 The Standard simplifies requirements for the classification and measurement Beginning No material impact Financial Instruments of financial assets resulting from Phase 1 of the International Accounting 1 January 2017 on the department Standards Board’s (IASB) project to replace IAS 39 Financial Instruments: recognition and measurement (AASB 139 financial instruments: recognition and measurement). AASB 10 This Standard applies to both for-profit and not-for-profit entities. Beginning No material impact Consolidated Financial However, prior to the 1 January 2013 mandatory application date of this 1 January 2014 on the department Statements Standard, the AASB will consider whether this Standard should be modified for application by not-for-profit entities. Not-for-profit entities are not permitted to apply this Standard prior to the mandatory application date.

AASB 11 This standard requires entities that have an interest in arrangements that are Beginning No material impact Joint Arrangements controlled jointly to assess whether the arrangement is a joint operation or joint 1 January 2014 on the department venture. AASB 11 shall be applied for an arrangement that is a joint operation. It also replaces parts of requirements in AASB 131 Interests in Joint Ventures.

AASB 12 This Standard requires disclosure of information that enables users of financial Beginning No material impact Disclosure of Interests statements to evaluate the nature of, and risks associated with interests in 1 January 2014 on the department in Other Entities other entities and the effects of those interests on the financial statements.

AASB 127 This revised Standard prescribes the accounting and disclosure requirements Beginning No material impact Separate Financial for investments in subsidiaries, joint ventures and associates when an entity 1 January 2014 on the department Statements prepares separate financial statements.

AASB 128 This revised Standard sets out the requirements for the application Beginning No material impact Investments in Associates of the equity method when accounting for investments in associates 1 January 2014 on the department and Joint Ventures and joint ventures.

AASB 1055 This Standard sets out budgetary reporting requirements for not-for-profit Beginning No material impact Budgetary Reporting entities within the General Government Sector, and, together with AASB 2013-1 1 July 2014 on the department Amendments to AASB 1049 – Relocation of Budgetary Reporting Requirements, relocates the corresponding budgetary reporting requirements from AASB 1049.

AASB 1056 This Standard replaces AAS 25 Financial Reporting by Superannuation Plans. Beginning No material impact Superannuation Entities 1 July 2016 on the department

AASB 2010-7 This Standard addresses consequential amendments in relation Beginning No material impact Amendments to Australian to the introduction of AASB 9. 1 January 2015 on the department Accounting Standards arising from AASB 9 (December 2010)

AASB 2011-7 This Standard is applicable only when AASB 10, 11, 12, 127 and 128 are Beginning No material impact Amendments to Australian applied. Some amendments will result in accounting changes for presentation, 1 January 2014 on the department Accounting Standards arising recognition or measurement purposes, while other amendments will relate from the Consolidation and to terminology and editorial changes. Joint Arrangements Standards

AASB 2012-3 This Standard adds application guidance to AASB 132 to address Beginning No material impact Amendments to Australian inconsistencies identified in applying some of the offsetting criteria 1 January 2014 on the department Accounting Standards of AASB 132, including clarifying the meaning of “currently has a legally – Offsetting Financial Assets enforceable right of set-off” and that some gross settlement systems and Financial Liabilities may be considered equivalent to net settlement. (AASB 132) AASB 2013-1 This Standard makes amendments to AASB 1049 to remove the requirements Beginning No material impact Amendments to AASB 1049 relating to the disclosure of budgetary information specified in that Standard 1 July 2014 on the department – Relocation of Budgetary for whole of Governments and GGSs, as a consequence of the issuance of Reporting Requirements AASB 1055 Budgetary Reporting.

AASB 2013-3 This Standard amends the disclosure requirements in AASB 136. Beginning No material impact Amendments to The amendments include the requirement to disclose additional information 1 January 2014 on the department AASB 136 – Recoverable about the fair value measurement when the recoverable amount of impaired Amount Disclosures for assets is based on fair value less costs of disposal. In addition, a further Non-Financial Assets requirement has been included to disclose the discount rates that have been used in the current and previous measurements if the recoverable amount of impaired assets based on fair value less costs of disposal was measured using a present value technique. The intention of this amendment is to harmonise the disclosure requirements for fair value less costs of disposal and value in use when present value techniques are used to measure the recoverable amount of impaired assets.

58 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

STANDARD / SUMMARY APPLICABLE IMPACT ON INTERPRETATION FOR ANNUAL DEPARTMENTAL REPORTING FINANCIAL PERIODS STATEMENTS BEGINNING ON AASB 2013-4 This Standard makes amendments to AASB 139 to permit the continuation Beginning No material impact Amendments to Australian of hedge accounting in circumstances where a derivative, which has been 1 January 2014 on the department Accounting Standards – designated as a hedging instrument, is novated from one counterparty to Novation of Derivatives a central counterparty as a consequence of laws or regulations. and Continuation of hedge Accounting

AASB 2013-5 The Standard amendments define an investment entity and require that, Beginning No material impact Amendments to Australian with limited exceptions, an investment entity not consolidate its subsidiaries 1 January 2014 on the department Accounting Standards – or apply AASB 3 Business Combinations when it obtains control of another entity. Investment Entities These amendments require an investment entity to measure unconsolidated [AASB 1, AASB 3, AASB 7, subsidiaries at fair value through profit or loss in accordance with AASB 9 AASB 10, AASB 12, AASB 107, Financial Instruments in its consolidated and separate financial statements. AASB 112, AASB 124, AASB 127, AASB 132, AASB 134 & The amendments also introduce new disclosure requirements for investment AASB 139] entities to AASB 2 Disclosure of Interests in Other Entities and AASB 127 Separate Financial Statements.

AASB 2013-6 This Standard amends the AAS – Reduced Disclosure Requirements for AASB Beginning No material impact Amendments AASB 136 136 Impairment of Assets. AASB 1053 provides further information regarding the 1 January 2014 on the department arising from Reduced differential reporting framework and the two tiers of reporting requirements for Disclosure Requirements preparing general purpose financial statements.

AASB 2013-7 This Standard removes the specific requirements in relation to consolidation Beginning No material impact Amendments to AASB 1038 from AASB 1038 (in particular, paragraphs 1.1.1, 4.1, 4.1.1, and 4.2 – 4.2.2), 1 January 2014 on the department arising from AASB 10 in which leaves AASB 10 as the sole source for consolidation requirements relation to consolidation and applicable to life insurer entities. interests of policyholders [AASB 1038] AASB 2013-8 The Standard amendments to AASB 10 add Appendix E Australian Beginning No material impact Amendments to Australian Implementation Guidance for Not-for-Profit Entities as an integral part 1 January 2014 on the department Accounting Standards – of the Standard. The appendix explains various principles in AASB 10 Australian Implementation regarding the criteria for determining whether one entity controls another Guidance for Not-for-Profit entity from the perspective of not-for-profit entities, and illustrates the Entities – Control and principles with examples. Structured Entities [AASB 10, AASB 12 & AASB 1049] AASB 2013-9 The Standard Part A makes various editorial corrections to AAS. It updates Beginning No material impact Amendments to Australian references to the Framework in a manner that is consistent with the 1 January 2014 on the department Accounting Standards amendments made by the IASB in its corresponding pronouncements. This and – Conceptual framework, includes, to be consistent with the AASB’s IFRS adoption policy, retaining 1 January 2015 Materiality and Financial references to specific superseded paragraphs of the Framework in Accounting Instruments Standards and Interpretations where the IASB has not yet updated the (Operative dates: corresponding reference in the body of its pronouncements. Part A Conceptual Framework – 20 December 2013; Part B Materiality – 1 January 2014; and Part C Financial Instruments – 1 January 2015)

AASB 2014-2 This Standard amends AASB 1053 to: Beginning No material impact Amendments to AASB 1053 (a) clarify that AASB 1053 only applies to general purpose financial statements; 1 July 2014 on the department – Transition to and between Tiers, and related Tier 2 (b) make AASB 1053 consistent with the availability of the option under Disclosure Requirements AASB 1 First-time Adoption of AAS to apply AAS retrospectively in accordance (AASB 1053) with AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors; (c) clarify certain circumstances in which entities resuming Tier 2 reporting requirements can apply the AASB 108 option in AASB 1; (d) permit an entity applying Tier 2 reporting requirements for the first time.

AASB Interpretation 21 This Interpretation clarifies the circumstances under which a liability to pay Beginning No material impact Levies a levy imposed by a Government should be recognised, and whether that 1 January 2014 on the department liability should be recognised in full at a specific date or progressively over a period of time.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 59 03 FINANCIAL REPORT

NOTE 2. DEPARTMENTAL (CONTROLLED) OUTPUTS

A description of each output group of the ENERGY AND RESOURCES department during the year ended 30 June 2014, Output description together with the objectives of each output group are summarised below. Develops policy frameworks and delivers programs to: ensure that consumers benefit from competitive, INVESTMENT ATTRACTION, efficient, reliable and safe energy services; facilitate FACILITATION AND MAJOR PROJECTS investment in coal, gas, renewable energy, targeted mineral resources; responsibly manage and support Output description access to earth resources for current and future use; Provides investment attraction and facilitation and, support, technological development within assistance to attract new international investment these sectors. and encourage additional investment by companies already operating in Victoria. In addition it also Objectives supports an increased share of national business Provide market intelligence and assistance to investment in Victoria through the management organisations to make it easy to invest in Victoria. and delivery of nominated development projects. Create more opportunities for businesses to grow Objectives and become more productive and competitive Provide market intelligence and assistance to in the global market place. organisations to make it easy to invest in Victoria. SMALL BUSINESS ASSISTANCE REGIONAL DEVELOPMENT Output description AND REGIONAL CITIES Provide business information, advisory and Output description referral services that contribute to the growth Guides the development and implementation of and development of small and medium sized regional plans and strategies to manage growth enterprises across Victoria. and change in regional and rural Victoria. Provides Objectives for better infrastructure, facilities and services to strengthen the economic base of communities Create more opportunities for businesses to grow and to create jobs and improve career opportunities and become more productive and competitive in for regional Victorians. the global market place.

Objectives Provide market intelligence and assistance to organisations to make it easy to invest in Victoria.

60 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

TRADE AND EXPORT FACILITATION TOURISM AND MARKETING Output description Output description Promotes business growth opportunities Facilitates employment and long-term economic by providing development assistance and benefits of tourism, investment and international facilitation services to support increased students coming to Victoria by positioning and productivity and competitiveness. marketing the state as a competitive tourism, investment and study destination. Objectives Create more opportunities for businesses to Objectives grow and become more productive and competitive Promote Victoria to attract tourists, investors in the global market place. and students.

INNOVATION AND TECHNOLOGY EMPLOYMENT Output description Output description Supports innovation by providing access Provides programs to link business workforce to information and building capacity for the needs with skilled migration and untapped labour development and effective use of new practices sources to meet Victoria’s skills requirements. and technologies to support increased productivity and competitiveness in Victoria. Objectives Assist businesses in accessing skilled workers Objectives to align with Victoria’s industry needs. Support organisations and Government to boost their productivity through innovation.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 61 03 FINANCIAL REPORT

NOTE 2. DEPARTMENTAL (CONTROLLED) OUTPUTS (CONTINUED)

Schedule A – Controlled income and expenses for the year ended 30 June 2014

TRADE AND EXPORT INNOVATION AND TOURISM AND EMPLOYMENT REGIONAL DEVELOPMENT ENERGY & RESOURCES INVESTMENT ATTRACTION, SMALL BUSINESS DEPARTMENTAL TOTAL FACILITATION TECHNOLOGY MARKETING & REGIONAL CITIES FACILITATION AND ASSISTANCE MAJOR PROJECTS 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 Continuing operations

Income from transactions

Output appropriations 31,909 33,743 165,224 149,753 77,043 74,034 10,904 14,318 59,329 – 90,905 – 113,117 135,543 27,793 30,741 576,223 438,132

Regional Growth Fund appropriations – – – – – – – – 136,000 – – – – – – – 136,000 –

Interest – – 21 91 – (0) – – 5,016 – – – 276 519 – – 5,312 611

Grants – – 2,000 6,300 74,268 74,755 – 440 7,740 – – – (0) 2,000 – – 84,008 83,495

Other income 1,113 195 1,071 3,022 375 58 67 565 3,687 – 22,137 – 110,247 93,083 746 1,730 139,444 98,654

Total Income from transactions 33,022 33,938 168,316 159,166 151,685 148,847 10,971 15,323 211,771 – 113,042 – 223,639 231,145 28,539 32,471 940,987 620,892

Expenses from transactions

Employee expenses (7,471) (8,608) (15,677) (17,966) (7,974) (8,069) (3,094) (5,476) (21,796) – (25,467) – (25,373) (28,042) (8,935) (10,111) (115,787) (78,271)

Depreciation and amortisation (456) (186) (1,441) (939) (581) (446) (122) (90) (1,084) – (1,666) – (2,777) (2,152) (615) (246) (8,743) (4,060)

Interest expense (16) (7) (49) (9) (20) (6) (4) (4) (47) – (79) – (43) (14) (22) (7) (280) (47)

Grants and other transfers (11,488) (7,312) (97,234) (89,522) (131,446) (126,526) (4,389) (5,816) (155,191) – (27,020) – (54,987) (79,153) (2,892) (1,951) (484,647) (310,279)

Capital asset charge (222) (159) (3,170) (3,363) (1,529) (1,705) (59) (81) (527) – (810) – (3,185) (3,961) (299) (222) (9,801) (9,491)

Other operating expenses (13,971) (15,263) (26,007) (24,953) (10,055) (14,541) (3,516) (4,913) (17,164) – (42,762) – (152,950) (124,098) (16,461) (20,172) (282,883) (203,940)

Total expenses from transactions (33,624) (31,534) (143,578) (136,751) (151,605) (151,293) (11,184) (16,380) (195,808) – (97,804) – (239,316) (237,421) (29,224) (32,709) (902,142) (606,088)

Net result from transactions (net operating balance) (602) 2,404 24,738 22,415 81 (2,446) (213) (1,057) 15,963 – 15,238 – (15,676) (6,275) (685) (238) 38,846 14,804

Other economic flows included in net result

Net gain/(loss) on non-financial assets 7 2 23 (729) 9 (1) 2 0 17 – 26 – (4,944) (3,234) 10 75 (4,850) (3,887)

Net gain/(loss) on financial instruments (3) 2 (9) 10 (1) 5 (1) (26) (6) – (8) – (8) 7 (4) 3 (40) –

Other gains/(losses) from other economic flows (2) 7 (6) 35 (3) 17 (1) 3 (5) – (7) – (6) 22 (3) 9 (32) 93

Total other economic flows included in net result 2 10 8 (684) 5 20 – (23) 6 – 11 – (4,958) (3,205) 3 87 (4,922) (3,794)

Net result (600) 2,415 24,746 21,731 86 (2,426) (213) (1,080) 15,969 – 15,247 – (20,634) (9,480) (681) (151) 33,924 11,010

Other economic flows – other comprehensive income

Items that will not be reclassified to net result

Transfer of asset revaluation surplus to accumulated surplus – – – – – – – – – – – – 5,320 – – – 5,320 –

Changes in physical asset revaluation surplus – – – – – – – – – – – – (5,320) – – – (5,320) –

Total other economic flows – other comprehensive income – – – – – – – – – – – – – – – – – –

Comprehensive result (600) 2,415 24,746 21,731 86 (2,426) (213) (1,080) 15,969 – 15,247 – (20,634) (9,480) (681) (151) 33,924 11,010

62 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

Schedule A – Controlled income and expenses for the year ended 30 June 2014

TRADE AND EXPORT INNOVATION AND TOURISM AND EMPLOYMENT REGIONAL DEVELOPMENT ENERGY & RESOURCES INVESTMENT ATTRACTION, SMALL BUSINESS DEPARTMENTAL TOTAL FACILITATION TECHNOLOGY MARKETING & REGIONAL CITIES FACILITATION AND ASSISTANCE MAJOR PROJECTS 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 Continuing operations

Income from transactions

Output appropriations 31,909 33,743 165,224 149,753 77,043 74,034 10,904 14,318 59,329 – 90,905 – 113,117 135,543 27,793 30,741 576,223 438,132

Regional Growth Fund appropriations – – – – – – – – 136,000 – – – – – – – 136,000 –

Interest – – 21 91 – (0) – – 5,016 – – – 276 519 – – 5,312 611

Grants – – 2,000 6,300 74,268 74,755 – 440 7,740 – – – (0) 2,000 – – 84,008 83,495

Other income 1,113 195 1,071 3,022 375 58 67 565 3,687 – 22,137 – 110,247 93,083 746 1,730 139,444 98,654

Total Income from transactions 33,022 33,938 168,316 159,166 151,685 148,847 10,971 15,323 211,771 – 113,042 – 223,639 231,145 28,539 32,471 940,987 620,892

Expenses from transactions

Employee expenses (7,471) (8,608) (15,677) (17,966) (7,974) (8,069) (3,094) (5,476) (21,796) – (25,467) – (25,373) (28,042) (8,935) (10,111) (115,787) (78,271)

Depreciation and amortisation (456) (186) (1,441) (939) (581) (446) (122) (90) (1,084) – (1,666) – (2,777) (2,152) (615) (246) (8,743) (4,060)

Interest expense (16) (7) (49) (9) (20) (6) (4) (4) (47) – (79) – (43) (14) (22) (7) (280) (47)

Grants and other transfers (11,488) (7,312) (97,234) (89,522) (131,446) (126,526) (4,389) (5,816) (155,191) – (27,020) – (54,987) (79,153) (2,892) (1,951) (484,647) (310,279)

Capital asset charge (222) (159) (3,170) (3,363) (1,529) (1,705) (59) (81) (527) – (810) – (3,185) (3,961) (299) (222) (9,801) (9,491)

Other operating expenses (13,971) (15,263) (26,007) (24,953) (10,055) (14,541) (3,516) (4,913) (17,164) – (42,762) – (152,950) (124,098) (16,461) (20,172) (282,883) (203,940)

Total expenses from transactions (33,624) (31,534) (143,578) (136,751) (151,605) (151,293) (11,184) (16,380) (195,808) – (97,804) – (239,316) (237,421) (29,224) (32,709) (902,142) (606,088)

Net result from transactions (net operating balance) (602) 2,404 24,738 22,415 81 (2,446) (213) (1,057) 15,963 – 15,238 – (15,676) (6,275) (685) (238) 38,846 14,804

Other economic flows included in net result

Net gain/(loss) on non-financial assets 7 2 23 (729) 9 (1) 2 0 17 – 26 – (4,944) (3,234) 10 75 (4,850) (3,887)

Net gain/(loss) on financial instruments (3) 2 (9) 10 (1) 5 (1) (26) (6) – (8) – (8) 7 (4) 3 (40) –

Other gains/(losses) from other economic flows (2) 7 (6) 35 (3) 17 (1) 3 (5) – (7) – (6) 22 (3) 9 (32) 93

Total other economic flows included in net result 2 10 8 (684) 5 20 – (23) 6 – 11 – (4,958) (3,205) 3 87 (4,922) (3,794)

Net result (600) 2,415 24,746 21,731 86 (2,426) (213) (1,080) 15,969 – 15,247 – (20,634) (9,480) (681) (151) 33,924 11,010

Other economic flows – other comprehensive income

Items that will not be reclassified to net result

Transfer of asset revaluation surplus to accumulated surplus – – – – – – – – – – – – 5,320 – – – 5,320 –

Changes in physical asset revaluation surplus – – – – – – – – – – – – (5,320) – – – (5,320) –

Total other economic flows – other comprehensive income – – – – – – – – – – – – – – – – – –

Comprehensive result (600) 2,415 24,746 21,731 86 (2,426) (213) (1,080) 15,969 – 15,247 – (20,634) (9,480) (681) (151) 33,924 11,010

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 63 03 FINANCIAL REPORT

NOTE 2. DEPARTMENTAL (CONTROLLED) OUTPUTS (CONTINUED)

Schedule B – Controlled assets and liabilities as at 30 June 2014

TRADE AND EXPORT INNOVATION AND TOURISM AND EMPLOYMENT REGIONAL DEVELOPMENT ENERGY & RESOURCES INVESTMENT ATTRACTION, SMALL BUSINESS DEPARTMENTAL TOTAL FACILITATION TECHNOLOGY MARKETING & REGIONAL CITIES FACILITATION AND ASSISTANCE MAJOR PROJECTS 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Assets

Financial assets 17,066 9,844 101,958 69,669 11,726 24,160 7,243 5,475 266,119 – 47,888 – 84,029 78,481 15,992 15,226 552,021 202,855

Non-financial assets 5,359 5,621 35,913 29,287 31,241 19,390 1,429 2,886 14,735 – 19,595 – 528,804 547,216 5,233 7,884 642,309 612,284

Total Assets 22,425 15,465 137,871 98,956 42,967 43,550 8,672 8,361 280,854 – 67,483 – 612,833 625,697 21,225 23,110 1,194,330 815,139

Total Liabilities (5,395) (2,934) (16,057) (18,547) (11,493) (13,748) (1,266) (289) (23,484) – (21,228) – (53,129) (44,919) (6,804) (4,312) (138,856) (84,749)

Net Assets 17,030 12,531 121,814 80,409 31,474 29,802 7,407 8,072 (257,370) – 46,256 – 559,704 580,778 14,421 18,798 1,055,474 730,390

NOTE 3. ADMINISTERED In addition to the specific departmental operations or manages other activities and resources on (NON-CONTROLLED) ITEMS which are included in the financial statements behalf of the state. The transactions relating to (comprehensive operating statement, balance these activities are reported as administered sheet, statement of changes on equity and cash items (refer to Notes 1(E) and 1(F)). flow statement), the department administers

TRADE AND EXPORT INNOVATION AND TOURISM AND EMPLOYMENT REGIONAL DEVELOPMENT ENERGY & RESOURCES INVESTMENT ATTRACTION, SMALL BUSINESS DEPARTMENTAL TOTAL FACILITATION TECHNOLOGY MARKETING & REGIONAL CITIES FACILITATION AND ASSISTANCE MAJOR PROJECTS 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Administered financial assets

Appropriations - payments made on behalf of the state – – – – 60,878 59,000 – – – – – – – – – – 60,878 59,000

Sale of goods and services (1) 7 1,063 1,054 2,092 2,104 – 2 393 – 276 – (4) 16,014 (2) 3 3,817 19,184

Regulatory fees, fines, leases and licences – – – – – – – – – – 5,177 – – – – – 5,177 –

Royalties – – – – – – – – – – 51,997 – – – – – 51,997 –

Interest – – – – 10,404 16,837 – – – – 42 – – – – – 10,446 16,837

Commonwealth grants – – – – – – – – – – – – 357 1,078 – – 357 1,078

Total administered Income from transactions (1) 7 1,063 1,054 73,374 77,941 – 2 393 – 57,492 – 353 17,092 (2) 3 132,672 96,099

Administered expenses from transactions

Payments into Consolidated Fund – – (2,266) (5,347) (8,354) (7,692) – – (396) – (57,527) – (21,107) (30,215) – – (89,650) (43,254)

Bad debts – – – (66) – – – – – – – – – – – – – (66)

Other operating expenses – – – – (20,207) (18,391) – – – – – – (12,509) – – – (32,716) (18,391)

Interest expense – – – – (40,671) (40,609) – – – – – – – – – – (40,671) (40,609)

Total administered expenses from transactions – – (2,266) (5,413) (69,232) (66,692) – – (396) – (57,527) – (33,616) (30,215) – – (163,037) (102,320)

Total administered net result from transactions (1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (35) – (33,263) (13,123) (2) 3 (30,365) (6,221) (net operating balance)

Administered other economic flows included in administered net result

Net gain/(loss) on non-financial assets – – – – – – – – – – – – 20,721 13,325 – – 20,721 13,325

Net gain/(loss) on financial instruments – – – – – – – – – – 12 – – – – – 12 –

Total administered other economic flows – – – – – – – – – – 12 – 20,721 13,325 – – 20,733 13,325

Administered net result (1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (23) – (12,542) 202 (2) 3 (9,632) 7,104

Total administered comprehensive result (1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (23) – (12,542) 202 (2) 3 (9,632) 7,104

64 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

Schedule B – Controlled assets and liabilities as at 30 June 2014

TRADE AND EXPORT INNOVATION AND TOURISM AND EMPLOYMENT REGIONAL DEVELOPMENT ENERGY & RESOURCES INVESTMENT ATTRACTION, SMALL BUSINESS DEPARTMENTAL TOTAL FACILITATION TECHNOLOGY MARKETING & REGIONAL CITIES FACILITATION AND ASSISTANCE MAJOR PROJECTS 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Assets

Financial assets 17,066 9,844 101,958 69,669 11,726 24,160 7,243 5,475 266,119 – 47,888 – 84,029 78,481 15,992 15,226 552,021 202,855

Non-financial assets 5,359 5,621 35,913 29,287 31,241 19,390 1,429 2,886 14,735 – 19,595 – 528,804 547,216 5,233 7,884 642,309 612,284

Total Assets 22,425 15,465 137,871 98,956 42,967 43,550 8,672 8,361 280,854 – 67,483 – 612,833 625,697 21,225 23,110 1,194,330 815,139

Total Liabilities (5,395) (2,934) (16,057) (18,547) (11,493) (13,748) (1,266) (289) (23,484) – (21,228) – (53,129) (44,919) (6,804) (4,312) (138,856) (84,749)

Net Assets 17,030 12,531 121,814 80,409 31,474 29,802 7,407 8,072 (257,370) – 46,256 – 559,704 580,778 14,421 18,798 1,055,474 730,390

TRADE AND EXPORT INNOVATION AND TOURISM AND EMPLOYMENT REGIONAL DEVELOPMENT ENERGY & RESOURCES INVESTMENT ATTRACTION, SMALL BUSINESS DEPARTMENTAL TOTAL FACILITATION TECHNOLOGY MARKETING & REGIONAL CITIES FACILITATION AND ASSISTANCE MAJOR PROJECTS 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Administered financial assets

Appropriations - payments made on behalf of the state – – – – 60,878 59,000 – – – – – – – – – – 60,878 59,000

Sale of goods and services (1) 7 1,063 1,054 2,092 2,104 – 2 393 – 276 – (4) 16,014 (2) 3 3,817 19,184

Regulatory fees, fines, leases and licences – – – – – – – – – – 5,177 – – – – – 5,177 –

Royalties – – – – – – – – – – 51,997 – – – – – 51,997 –

Interest – – – – 10,404 16,837 – – – – 42 – – – – – 10,446 16,837

Commonwealth grants – – – – – – – – – – – – 357 1,078 – – 357 1,078

Total administered Income from transactions (1) 7 1,063 1,054 73,374 77,941 – 2 393 – 57,492 – 353 17,092 (2) 3 132,672 96,099

Administered expenses from transactions

Payments into Consolidated Fund – – (2,266) (5,347) (8,354) (7,692) – – (396) – (57,527) – (21,107) (30,215) – – (89,650) (43,254)

Bad debts – – – (66) – – – – – – – – – – – – – (66)

Other operating expenses – – – – (20,207) (18,391) – – – – – – (12,509) – – – (32,716) (18,391)

Interest expense – – – – (40,671) (40,609) – – – – – – – – – – (40,671) (40,609)

Total administered expenses from transactions – – (2,266) (5,413) (69,232) (66,692) – – (396) – (57,527) – (33,616) (30,215) – – (163,037) (102,320)

Total administered net result from transactions (1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (35) – (33,263) (13,123) (2) 3 (30,365) (6,221) (net operating balance)

Administered other economic flows included in administered net result

Net gain/(loss) on non-financial assets – – – – – – – – – – – – 20,721 13,325 – – 20,721 13,325

Net gain/(loss) on financial instruments – – – – – – – – – – 12 – – – – – 12 –

Total administered other economic flows – – – – – – – – – – 12 – 20,721 13,325 – – 20,733 13,325

Administered net result (1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (23) – (12,542) 202 (2) 3 (9,632) 7,104

Total administered comprehensive result (1) 7 (1,203) (4,359) 4,142 11,249 – 2 (3) – (23) – (12,542) 202 (2) 3 (9,632) 7,104

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 65 03 FINANCIAL REPORT

NOTE 3. ADMINISTERED (NON-CONTROLLED) ITEMS (CONTINUED)

TRADE AND EXPORT INNOVATION AND TOURISM AND EMPLOYMENT REGIONAL DEVELOPMENT ENERGY & RESOURCES INVESTMENT ATTRACTION, SMALL BUSINESS DEPARTMENTAL TOTAL FACILITATION TECHNOLOGY MARKETING & REGIONAL CITIES FACILITATION AND MAJOR ASSISTANCE PROJECTS 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Administered financial assets

Receivables – – 1,891 3,083 5,473 5,212 – – 321 – 50,536 – – – – – 58,221 8,295

Loans – – 6,035 6,035 279,646 277,597 – – – – – – – – – – 285,681 283,632

Investments – – 333,907 210,654 894,776 888,977 – – – – 6,727 – – – – – 1,235,410 1,099,631

Trust funds (14) (13) (37) (33) (20) (18) (5) (5) (3) – 584 – (30) (26) (8) (7) 467 (102)

Total administered financial assets (14) (13) 341,796 219,739 1,179,875 1,171,768 (5) (5) 318 – 57,847 – (30) (26) (8) (7) 1,579,779 1,391,456

Administered non-financial assets – – – – – – – – – – – – – – – – – –

Total administered non-financial assets – – – – – – – – – – – – – – – – – –

Total administered assets (14) (13) 341,796 219,739 1,179,875 1,171,768 (5) (5) 318 – 57,847 – (30) (26) (8) (7) 1,579,779 1,391,456

Administered liabilities

Creditors and accruals – – – – (16,128) (14,969) – – – – (147) – – – – – (16,275) (14,969)

Unearned income – – – – (69,882) (71,976) – – – – (1,260) – – – – – (71,142) (71,976)

Interest bearing liabilities – – – – (460,266) (461,103) – – – – – – – – – – (460,266) (461,103)

Total administered liabilities – – – – (546,276) (548,048) – – – – (1,407) – – – – – (547,683) (548,048)

Total administered net assets (14) (13) 341,796 219,739 633,599 623,720 (5) (5) 318 – 56,440 – (30) (26) (8) (7) 1,032,096 843,408

NOTE 4. INCOME FROM TRANSACTIONS

2014 2013 $’000 $’000

(a) Interest

Interest from financial assets not at fair value through P/L:

– Interest on bank deposits 5,312 611

Total interest 5,312 611

(b) Grants

Grants from State Government 84,008 83,495

Total grants 84,008 83,495

(c) Other income

Trust income 29,898 4,856

Rental income 113 127

Land development (Kew Residential Services Project) 100,877 85,913

Miscellaneous income 8,556 7,758

Total other income 139,444 98,654

66 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

TRADE AND EXPORT INNOVATION AND TOURISM AND EMPLOYMENT REGIONAL DEVELOPMENT ENERGY & RESOURCES INVESTMENT ATTRACTION, SMALL BUSINESS DEPARTMENTAL TOTAL FACILITATION TECHNOLOGY MARKETING & REGIONAL CITIES FACILITATION AND MAJOR ASSISTANCE PROJECTS 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Administered financial assets

Receivables – – 1,891 3,083 5,473 5,212 – – 321 – 50,536 – – – – – 58,221 8,295

Loans – – 6,035 6,035 279,646 277,597 – – – – – – – – – – 285,681 283,632

Investments – – 333,907 210,654 894,776 888,977 – – – – 6,727 – – – – – 1,235,410 1,099,631

Trust funds (14) (13) (37) (33) (20) (18) (5) (5) (3) – 584 – (30) (26) (8) (7) 467 (102)

Total administered financial assets (14) (13) 341,796 219,739 1,179,875 1,171,768 (5) (5) 318 – 57,847 – (30) (26) (8) (7) 1,579,779 1,391,456

Administered non-financial assets – – – – – – – – – – – – – – – – – –

Total administered non-financial assets – – – – – – – – – – – – – – – – – –

Total administered assets (14) (13) 341,796 219,739 1,179,875 1,171,768 (5) (5) 318 – 57,847 – (30) (26) (8) (7) 1,579,779 1,391,456

Administered liabilities

Creditors and accruals – – – – (16,128) (14,969) – – – – (147) – – – – – (16,275) (14,969)

Unearned income – – – – (69,882) (71,976) – – – – (1,260) – – – – – (71,142) (71,976)

Interest bearing liabilities – – – – (460,266) (461,103) – – – – – – – – – – (460,266) (461,103)

Total administered liabilities – – – – (546,276) (548,048) – – – – (1,407) – – – – – (547,683) (548,048)

Total administered net assets (14) (13) 341,796 219,739 633,599 623,720 (5) (5) 318 – 56,440 – (30) (26) (8) (7) 1,032,096 843,408

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 67 03 FINANCIAL REPORT

NOTE 5. EXPENSES FROM TRANSACTIONS

2014 2013 $’000 $’000

(a) Employee expenses

Salaries, wages, and long service leave (115,787) (78,271)

Total employee expenses (115,787) (78,271)

(b) Depreciation and amortisation

Depreciation of non-current assets (4,712) (3,651)

Amortisation of non-current physical assets (1,341) (409)

Amortisation from internal development of intangible assets (2,690) –

Total depreciation and amortisation (8,743) (4,060)

(c) Interest expense

Interest on finance leases (280) (47)

Total interest expense (280) (47)

(d) Grants and other transfers by portfolio

Aviation (2,127) (50)

Employment and Trade (16,396) (15,378)

Energy and Resources (25,369) –

Innovation (72,005) (77,716)

Major Projects (4,305) (3,731)

Manufacturing (10,843) (4,421)

Regional Development and Regional Cities (153,968) (524)

Small Business (1,949) (2,996)

State Development (45,070) (72,050)

Technology (21,767) (9,052)

Tourism and Major Events (130,848) (124,361)

Total grants and other transfers by portfolio (484,647) (310,279)

68 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

2014 2013 $’000 $’000

(e) Other operating expenses

Supplies and services

Consultants and professional services (64,248) (31,752)

Contracts and services (29,370) (26,120)

Accommodation (7,698) (3,785)

Marketing and media (10,577) (9,893)

Computer services and equipment (19,387) (9,254)

Travel and related expenses (4,506) (3,880)

Postage and communications (3,556) (1,990)

Stationery and office requisites (2,238) (1,446)

Educational (1,959) (1,663)

Meetings (3,363) (3,275)

Books and publications (1,556) (815)

Motor vehicles (1,383) (380)

Audit remuneration (internal & external) (a) (658) (712)

Other expenses (1,013) (497)

Total supplies and services (151,512) (95,462)

Fair value of assets and services provided free of charge – (387) or for nominal consideration

Total fair value of assets and services provided free of charge – (387) or for nominal consideration

Operating lease rental expenses

– Minimum lease payments (16,606) (10,788)

Total operating lease rental expenses (16,606) (10,788)

Cost of goods sold/distributed (b) (114,765) (97,303)

Total other operating expenses (282,883) (203,940) (a) See Note 33 for external auditor’s remuneration. (b) Costs relate primarily to Kew Residential Services Project.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 69 03 FINANCIAL REPORT

NOTE 6. OTHER ECONOMIC FLOWS INCLUDED IN NET RESULT

2014 2013 $’000 $’000

(a) Net gain/(loss) on non-financial assets

Net gain / (loss) on disposal of property, plant and equipment 113 (654)

Disposal of intangible assets (i) (4,963) (3,233)

Total net gain/(loss) on non-financial assets (4,850) (3,887)

(b) Net gain/(loss) on financial instruments

Impairment of

─ – Listed securities (ii) (40) –

Total net gain/(loss) on financial instruments (40) –

(c) Other gains/(losses) from other economic flows

Net gain/(loss) arising from revaluation of long service leave liability (iii) (32) 93

Total other gains/(losses) from other economic flows (32) 93

Total (72) 93 (i) Parkville Gardens are expensed in line with the sale of properties. (ii) Fair value adjustment to listed securities. (iii) Revaluation gain/(loss) due to changes in bond rates.

NOTE 7. RECEIVABLES

2014 2013 $’000 $’000

Current receivables

Contractual

Other receivables Government (i) 10,369 8,945

Other receivables Non-Government 12,004 8,044

Provision for doubtful contractual receivables (i) – (27)

22,373 16,962

Statutory

Amounts owing from Victorian Government (ii) 122,989 89,756

GST input tax credit recoverable 4,969 5,242

127,958 94,998

Total current receivables 150,331 111,960

Non-current receivables

Contractual

Other receivables Government (i) 1,996 293

1,996 293

Statutory

Amounts owing from Victorian Government (ii) 2,844 1,373

Total non-current receivables 4,840 1,666

Total Receivables 155,171 113,626 (i) The average credit period for the provision of goods and services is 30 days. The majority of receivables relate to non-trading activities and the credit terms will differ. No interest is charged on other receivables. (ii) The amounts recognised from Victorian Government represent funding for all commitments incurred through the appropriations and are drawn from the Consolidated Fund as the commitments fall due.

70 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

NOTE 8. INVENTORIES

Notes 2014 2013 $’000 $’000

Current inventories

Work in progress:

– At net realisable value (i) 1(Q) 10,168 23,646

Total Inventories 10,168 23,646 (i) MPV is responsible for managing the Kew Residential Services Project. The land for the project is held as inventory until it is sold.

NOTE 9. RESTRUCTURING OF ADMINISTRATIVE ARRANGEMENTS

In respect of Machinery of Government and output and the Whole of Government Information administrative changes announced on 9 April and Communications Technology output have been 2013, the financial statements of the department transferred from DTF. Comparative amounts for reflect the actual period of responsibility for the the prior year have not been adjusted. outputs, being the period of 1 July 2013 to 30 June 2014. Regional Development Victoria, including Net assets relinquished and/or acquired by the Community Group outputs have been transferred department as a result of the re-assignment of from the former Department of Planning and these outputs are recognised in the balance sheet Community Development. The Energy immediately at the carrying amount of those and Resources output has been transferred from assets in the balance sheet prior to the transfer. the former Department of Primary Industries. The Industrial Relations Private Sector unit has been transferred to DTF. The Red Tape Commissioner

Controlled assets and liabilities acquired/relinquished at the date of financial transfer – 1/07/2013

Regional Energy Innovation Industrial Total Development and and Relations and Regional Resources Technology Cities 2014 2014 2014 2014 $'000 $'000 $'000 $'000 $'000

Assets

Cash/SAU 40,886 7,624 722 (166) 49,066

Other financial assets 1,328 24,739 – – 26,067

Cash - TCV investments 200,334 – – – 200,334

Intangibles – 16,693 – – 16,693

Property plant and equipment and leases 7,508 5,958 – – 13,466

Total assets transferred in/(out) 250,056 55,014 722 (166) 305,626

Liabilities

Employee benefits (4,956) (5,590) (722) 166 (11,102)

Other liabilities (14,986) (13,179) – – (28,165)

Total liabilities transferred (in)/out (19,942) (18,769) (722) 166 (39,267)

Net assets transferred in/(out) 230,114 36,245 – – 266,359

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 71 03 FINANCIAL REPORT

NOTE 9. RESTRUCTURING OF ADMINISTRATIVE ARRANGEMENTS (CONTINUED)

Administered assets and liabilities acquired/relinquished at the date of financial transfer – 1/07/2013

Regional Energy Innovation Industrial Total Development and and Relations and Regional Resources Technology Cities 2014 2014 2014 2014 $'000 $'000 $'000 $'000 $'000

Assets

Cash/SAU – 3,214 – – 3,214

Other financial assets – 51,506 – – 51,506

Total assets transferred in/(out) – 54,720 – – 54,720

Liabilities

Other liabilities – (1,574) – – (1,574)

Total liabilities transferred (in)/out – (1,574) – – (1,574)

Net assets transferred in/(out) – 53,146 – – 53,146

72 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

NOTE 10. PROPERTY, PLANT AND EQUIPMENT

Classification by ‘Purpose Groups’ (i) – carrying amounts

Public Administration 2014 2013 $’000 $’000

Land

Crown land – fair value 107,650 93,887

Buildings

Buildings at fair value 6,459 10,323

Less: Accumulated depreciation (470) (279)

5,989 10,044

Building leasehold

Building leasehold – at fair value (ii) 6,094 6,094

Less: Accumulated amortisation (122) (60)

5,972 6,034

Leasehold improvements – at fair value 31,719 26,530

Less: Accumulated amortisation (15,773) (12,194)

15,946 14,336

Total land, buildings, building leasehold and leasehold improvements 135,557 124,301

Plant and equipment

Plant and equipment at fair value 4,854 2,529

Less: Accumulated depreciation (3,830) (2,216)

1,024 313

Plant and equipment under finance lease – at fair value 4,985 1,464

Less: Accumulated depreciation (1,812) (487)

3,173 977

Total plant and equipment 4,197 1,290

Property, plant and equipment in the course of construction – at fair value 355,235 335,397

Total property, plant and equipment, and in course of construction 494,989 460,988

Infrastructure

Infrastructure at fair value 66,305 66,305

Less: Accumulated depreciation (2,268) (1,134)

Total infrastructure 64,037 65,171

Net carrying amount of PPE 559,026 526,159 (i) Property, plant and equipment are classified primarily by the ‘purpose’ for which the assets are used, according to one of six purpose groups based upon Government purpose classifications. All assets within a purpose group are further sub-categorised according to the asset’s ‘nature’ (i.e. buildings, plant and equipment, etc.), with each sub-category being classified as a separate class of asset for financial reporting purposes. (ii) Building Leasehold is for a term of 150 years from the year 1990.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 73 03 FINANCIAL REPORT

NOTE 10. PROPERTY, PLANT AND EQUIPMENT (CONTINUED)

Classification by ‘public administration’ purpose group – movements in carrying amounts

Crown Land at Fair Value Buildings at fair value Buildings Leasehold Leasehold Improvements Plant and Equipment Leased Plant and Equipment In Course of Construction Infrastructure Total

2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Opening balance 93,887 93,887 10,045 10,323 6,033 6,094 14,336 15,910 313 515 976 913 335,398 228,880 65,171 66,305 526,159 422,827

Additions 16,150 – – – – – 1,580 485 539 464 1,609 677 19,838 116,859 – – 39,716 118,485

Disposals – – – – – – (73) (99) (129) – (751) (243) – – – – (953) (342)

Transfers via contributed capital (7,425) – (5,809) – – – – – – – (48) – – (9,616) – – (13,282) (9,616)

Impairment of assets – – – – – – – – – – – – – (725) – – – (725)

Transfers to classified as held for sale – – – – – – – – – – (25) (23) – – – – (25) (23)

Machinery of Government transfer in 5,038 – 2,044 – – – 2,843 – 847 – 2,692 – – – – – 13,464 –

Depreciation/amortisation expense – – (291) (278) (61) (61) (2,740) (1,960) (546) (279) (1,280) (348) – – (1,135) (1,134) (6,053) (4,060)

Received / given free of charge – – – – – – – – – (387) – – – – – – – (387)

Closing balance 107,650 93,887 5,989 10,045 5,972 6,033 15,946 14,336 1,024 313 3,173 976 355,236 335,398 64,036 65,171 559,026 526,159

The following useful lives of assets are used in the calculation of depreciation and amortisation:

2014 2013 Years Years

Buildings 33 to 50 33 to 50

Buildings leasehold 150 150

Infrastructure 90 90

Leasehold improvements 8 to 15 8 to 15

Plant and equipment 3 to 10 3 to 10

Leased plant and equipment 1 to 3 1 to 3

Intangible produced assets – software development 1 to 5 1 to 5

Aggregate depreciation and amortisation allocated and recognised as an expense:

2014 2013 $’000 $’000

Buildings 291 279

Buildings leasehold 62 60

Infrastructure 1,135 1,134

Leasehold improvements 2,739 1,960

Plant and equipment 546 279

Leased plant and equipment 1,280 348

Total 6,053 4,060

Note: Amortisation of $2.690 million relating to intangible produced assets is disclosed in Note 5.

74 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

Crown Land at Fair Value Buildings at fair value Buildings Leasehold Leasehold Improvements Plant and Equipment Leased Plant and Equipment In Course of Construction Infrastructure Total

2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Opening balance 93,887 93,887 10,045 10,323 6,033 6,094 14,336 15,910 313 515 976 913 335,398 228,880 65,171 66,305 526,159 422,827

Additions 16,150 – – – – – 1,580 485 539 464 1,609 677 19,838 116,859 – – 39,716 118,485

Disposals – – – – – – (73) (99) (129) – (751) (243) – – – – (953) (342)

Transfers via contributed capital (7,425) – (5,809) – – – – – – – (48) – – (9,616) – – (13,282) (9,616)

Impairment of assets – – – – – – – – – – – – – (725) – – – (725)

Transfers to classified as held for sale – – – – – – – – – – (25) (23) – – – – (25) (23)

Machinery of Government transfer in 5,038 – 2,044 – – – 2,843 – 847 – 2,692 – – – – – 13,464 –

Depreciation/amortisation expense – – (291) (278) (61) (61) (2,740) (1,960) (546) (279) (1,280) (348) – – (1,135) (1,134) (6,053) (4,060)

Received / given free of charge – – – – – – – – – (387) – – – – – – – (387)

Closing balance 107,650 93,887 5,989 10,045 5,972 6,033 15,946 14,336 1,024 313 3,173 976 355,236 335,398 64,036 65,171 559,026 526,159

Restricted assets Freehold land The department holds $1.053 million of properties An independent valuation of the department’s listed as heritage assets. These heritage assets land and buildings was performed by the Valuer cannot be modified nor disposed of without General Victoria to determine the fair value of formal Ministerial approval. the land and buildings. The valuation, which conforms to Australian Valuation Standards, was determined by reference to the amounts for which assets could be exchanged between knowledgeable willing parties in an arm’s length transaction. Fair value is determined by direct reference to recent market transactions on arm’s length terms for land and buildings of comparable size and location to the department. The valuation was based on independent assessments. The effective date of the valuation was 30 June 2012 (refer Note 1(Q)).

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 75 03 FINANCIAL REPORT

NOTE 10. PROPERTY, PLANT AND EQUIPMENT (CONTINUED)

Fair value measurement hierarchy for assets as at 30 June 2014

$’000 $’000 $’000 $’000 Carrying Fair value measurement amount as at end of reporting period using: at 30 June 2014 Level 1(i) Level 2 (i) Level 3 (i)

Land at fair value

Non-specialised land 99,850 – 99,850 –

Specialised land 7,800 – – 7,800

Total of land at fair value 107,650 – 99,850 7,800

Buildings at fair value

Specialised/heritage buildings 5,989 – – 5,989

Total of buildings at fair value 5,989 – – 5,989

Plant, equipment and vehicles at fair value

Vehicles (ii) 3,173 – – 3,173

Plant and equipment 1,024 – – 1,024

Total plant, equipment & vehicles at fair value 4,197 – – 4,197

Infrastructure at fair value

Infrastructure 64,037 – – 64,037

Total of infrastructure at fair value 64,037 – – 64,037

Leasehold improvements at fair value

Leasehold improvements 15,946 – – 15,946

Total leasehold improvements at fair value 15,946 – – 15,946

Building leasehold at fair value

Building leasehold 5,972 – 5,972 –

Total building leasehold at fair value 5,972 – 5,972 –

In course of construction at fair value

In course of construction 355,235 – – 355,235

Total in course of construction at fair value 355,235 – – 355,235

Total property, plant and equipment at fair value 559,026 – 105,822 453,204

(i) Classified in accordance with the fair value hierarchy. (ii) Vehicles are categorised to level 3 assets as depreciated replacement cost is used in estimating fair value. There have been no transfers between levels during the period.

76 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

Non-specialised land An independent valuation of the department’s and non-specialised buildings specialised land and specialised buildings was Non-specialised land and non-specialised buildings performed by the VGV. The valuation was performed are valued using the market approach. Under this using the market approach adjusted for CSO. The valuation method, the assets are compared to effective date of the valuation was 30 June 2012. recent comparable sales or sales of comparable Heritage and infrastructure assets assets which are considered to have nominal or no added improvement value. Heritage and infrastructure assets are valued using the depreciated replacement cost method. This For non-specialised land and non-specialised cost represents the replacement cost of the asset buildings, an independent valuation was performed after applying depreciation rates on a useful life by the VGV to determine the fair value using the basis. Replacement costs relate to costs to replace market approach. Valuation of the assets was the current service capacity of the asset. Economic determined by analysing comparable sales and obsolescence has also been factored into the allowing for share, size, topography, location, and depreciated replacement cost calculation. other relevant factors specific to the asset being valued. From the sales analysed, an appropriate Where it has not been possible to examine rate per square metre has been applied to the hidden works such as structural frames and floors, subject asset. The effective date of the valuation the use of reasonable materials and methods was 30 June 2012. of construction have been assumed bearing in mind the age and nature of the building. The To the extent that non-specialised land and estimated cost of reconstruction including structure non-specialised buildings do not contain significant, services and finishes, also factors in any heritage unobservable adjustments, these assets are classifications as applicable. classified as level 2 under the market approach. An independent valuation of the department’s Specialised land and specialised buildings heritage assets and infrastructure was performed The market approach is also used for specialised by the VGV. The valuation was performed based on land, although it is adjusted for the community the depreciated replacement cost of the assets. The service obligation (CSO) to reflect the specialised effective date of the valuation was 30 June 2012. nature of the land being valued. Vehicles The CSO adjustment is a reflection of the valuer’s Vehicles are valued using the depreciated assessment of the impact of restrictions associated replacement cost method. The department acquires with an asset to the extent that is also equally new vehicles and at times disposes of them applicable to market participants. This approach is before the end of their economic life. The process in light of the highest and best use consideration of acquisition, use and disposal in the market is required for fair value measurement, and takes managed by experienced fleet managers who set into account the use of the asset that is physically relevant depreciation rates during use to reflect the possible, legally permissible, and financially utilisation of the vehicles. feasible. As adjustments of CSO are considered as significant unobservable inputs, specialised land Plant and equipment would be classified as level 3 assets. Plant and equipment is held at fair value. When For the department’s majority of specialised plant and equipment is specialised in use, such buildings, the depreciated replacement cost method that it is rarely sold other than as part of a going is used, adjusting for the associated depreciation. concern, fair value is determined using the As depreciation adjustments are considered depreciated replacement cost method. as significant, unobservable inputs in nature, There were no changes in valuation techniques specialised buildings are classified as level 3 fair throughout the period to 30 June 2014. value measurements. For all assets measured at fair value, the current use is considered the highest and best use.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 77 03 FINANCIAL REPORT

NOTE 10. PROPERTY, PLANT AND EQUIPMENT (CONTINUED)

Reconciliation of level 3 fair value

2014 Specialised Specialised Plant and Infrastructure Leasehold In course of Total land buildings equipment improvements construction and vehicles

$'000 $'000 $'000 $'000 $'000 $'000 $'000

Opening balance 5,400 4,057 1,289 65,171 14,336 335,397 425,650

Purchases – – 2,146 – 1,580 19,838 23,564

Disposals – – (879) – (73) – (952)

Transfers in (out) of level 3 – – – – – – –

Administrative restructure/transfers via contributed capital 2,400 1,997 3,467 – 2,843 – 10,707

Gains or losses recognised in net result – – – – – – –

Depreciation – (65) (1,826) (1,135) (2,739) – (5,765)

Impairment – – – – – – –

Subtotal 2,400 1,932 2,908 (1,135) 1,611 19,838 27,554

Gains or losses recognised in other economic flows – – – – – – – – other comprehensive income

Revaluation – – – – – – –

Subtotal – – – – – – –

Closing balance 7,800 5,989 4,197 64,036 15,947 355,235 453,204

Unrealised gains/(losses) on non-financial assets – – – – – – –

Description of significant unobservable inputs to level 3 valuations

Valuation technique (i) Significant unobservable Range Sensitivity of fair value inputs (i) (weighted average) (i) measurement to changes in significant unobservable inputs

Specialised land Market approach Community Service Obligation 10% CSO adjustment A significant increase or decrease in the CSO (CSO) adjustment adjustment would result in a significantly lower or higher fair value

Specialised land Income cash flow Present value discount rate of 4.5% +/- 1% interest rate A significant increase or decrease in the discount rate would result in a significantly lower or higher fair value

Specialised /heritage Depreciated replacement cost Direct cost per square metre $1,300 to $2,800 per square metre A significant increase or decrease in direct cost buildings (average $2,000 per square metre) per square metre adjustment would result in a significantly higher or lower fair value

Useful life of specialised buildings 33 to 50 years A significant increase or decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation

Infrastructure Depreciated replacement cost Cost per unit $800 to $9,000 per square metre A significant increase or decrease in cost (weighted average $1,500 per per unit would result in a significantly higher square metre) or lower fair value

Useful life of infrastructure 90 years A significant increase or decrease in the estimated useful life of the asset would result in a significantly higher or lower valuation

(i) Illustrations on the valuation techniques, significant unobservable inputs and related quantitative range of those inputs are indicative and should be directly used without consultation with the department’s independent Valuer.

78 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

NOTE 11. NON-FINANCIAL PHYSICAL ASSETS CLASSIFIED AS HELD FOR SALE INCLUDING DISPOSAL GROUP ASSETS AND DIRECTLY ASSOCIATED LIABILITIES

2014 2013 $’000 $’000

Non-financial physical assets including disposal group assets classified as held for sale

Current assets

Leased Plant and equipment held for sale (i) 25 23

Total 25 23

Liabilities directly associated with assets classified as held for sale including disposal groups

Current liabilities

Finance lease liabilities 25 23

Total 25 23 (i) The department holds a leased motor vehicle which it intends to sell in the next 12 months. The fair value hierarchy of the department’s non-financial physical assets held for sale is Level 2(ii). (ii) Classified in accordance with the fair value hierarchy, refer Note 10.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 79 03 FINANCIAL REPORT

NOTE 12. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

The department has a joint venture interest with Monash University in the Australian Regenerative Medical Institute (ARMI). ARMI was established to construct and operate a facility which will promote Victoria as a global leader in regenerative medical research, foster and develop existing research collaboration on domestic and overseas projects, and provide a major site for undergraduate and post graduate training programs.

2014 2013 $’000 $’000

Non-current investments in jointly controlled entities 35,000 35,000

Total 35,000 35,000

Name of entity Principal Activity Ownership Interest % (i) Jointly controlled entities 2014 2013

Australian Regenerative To construct and operate a regenerative Medicine Institute (ARMI). medical research facility. 20 20

(i) The interest of the department in the joint venture is 20% in accordance with the agreement. The fair value of the ownership interest held by the department is equal to the value of cash invested in the Joint Venture which amounts to $35 million at 30 June 2014 ($35 million at 30 June 2013).

Summarised financial information of jointly controlled entities At balance date, the department’s share of net assets and the net result after tax of its jointly controlled entities are:

2014 2013 $’000 $’000

Current assets 318 306

Non-current assets 129,111 135,312

Total assets 129,429 135,618

Current liabilities – –

Non-current liabilities – –

Total liabilities – –

Net assets 129,429 135,618

Share of jointly controlled entity’s net assets 35,000 35,000

Share of jointly controlled entity’s result after tax – –

Dividends received from jointly controlled entity – –

Contingent liabilities and capital commitments The department’s share of the contingent liabilities, capital commitments, and other expenditure commitments of its jointly controlled entities are disclosed in Notes 22 and 21 respectively.

80 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

NOTE 13. INTANGIBLE ASSETS

2014 2013 $’000 $’000

Gross carrying amount

Opening balance 26,490 26,920

Additions 701 2,802

Machinery of Government transfers 16,694 –

Disposals or classified as held for sale (4,963) (3,232)

Closing balance 38,922 26,490

Accumulated amortisation

Opening balance – –

Amortisation of intangible produced assets (2,690) –

Disposals or classified as held for sale – –

Closing balance (2,690) –

Net book value at end of financial year 36,232 26,490

Significant intangible assets The intangible assets relate to deferred expenditure of $20.597 million at 30 June 2014 (2013: $24.947 million) for the development of Parkville Gardens by MPV and the development of internal software – the Resource Rights Allocation Management (RRAM) system. The value for the development of Parkville Gardens is progressively expensed in line with the sale of properties. Parkville Gardens Development was tested for impairment at 30 June 2014 (2013: nil) and no write-down was charged to the net result.

NOTE 14. OTHER NON-FINANCIAL ASSETS

2014 2013 $’000 $’000

Current other assets

Prepayments 1,832 965

Other 26 1

Total current other assets 1,858 966

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 81 03 FINANCIAL REPORT

NOTE 15. PAYABLES

2014 2013 $’000 $’000

Current payables

Contractual

Amounts payable to other Government agencies (i) 10,540 5,932

Other payables (ii) 79,467 47,593

90,007 53,525

Statutory

Other payables 9,151 9,147

9,151 9,147

Total current payables 99,158 62,672

Non-current payables

Contractual

Other payables 1,200 –

Total Non-current payables 1,200 –

Total payables 100,358 62,672 (i) Terms and conditions of amounts payable to other Government agencies vary according to a particular agreement with that agency. (ii) The average credit period is 30 days. No interest is charged on late payments. (a) Maturity analysis of contractual payables Refer to table 23.5 in Note 23 for the ageing analysis of contractual payables. . (b) Nature and extent of risk arising from contractual payables Refer to Note 23 for the nature and extent of risks arising from contractual payables.

NOTE 16. BORROWINGS

2014 2013 $’000 $’000

Current borrowings

Finance lease liabilities (i) (Note 20) 1,750 469

Total current borrowings 1,750 469

Non-current borrowings

Finance lease liabilities (i) (Note 20) 1,451 515

Total non-current borrowings 1,451 515

Total borrowings 3,201 984 (i) Secured by the assets leased. (a) Maturity analysis of interest borrowings Refer to table 23.5 in Note 23 for the ageing analysis of borrowings. (b) Nature and extent of risk arising from borrowings Refer to table 23.6 in Note 23 for the nature and extent of risks arising from borrowings. (c) Defaults and breaches During the current and prior year, there were no defaults and breaches of loans.

82 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

NOTE 17. PROVISIONS

2014 2013 $’000 $’000

Current provisions

Employee benefits (iii)

Unconditional and expected to be settled within 12 months (i) 11,177 7,190

Unconditional and expected to be settled after 12 months (ii) 15,933 9,479

Provisions related to employee benefit on-costs

Unconditional and expected to be settled within 12 months (i) 1,875 1,032

Unconditional and expected to be settled after 12 months (ii) 2,845 1,577

Total current provisions 31,830 19,278

Non-current provisions

Employee benefits (iii) 2,850 1,370

Provisions related to employee benefit on-costs 508 228

Total non-current provisions 3,358 1,598

Total provisions 35,188 20,876

Employee benefits and related on-costs

Current employee benefits

Annual leave entitlements 9,509 5,633

Unconditional long service leave entitlements 16,921 10,050

Other entitlements 680 986

Non-current employee benefits

Conditional long service leave entitlements 2,849 1,370

Total employee benefits 29,959 18,039

Current on-costs 4,721 2,609

Non-current on-costs 508 228

Total on-costs 5,229 2,837

Total employee benefits and related on-costs 35,188 20,876 (i) Nominal amounts are disclosed. (ii) The amounts disclosed are discounted to present value. (iii) Provisions for employee benefits consist of amounts for annual leave and long service leave accrued by employees, not including on-costs.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 83 03 FINANCIAL REPORT

NOTE 18. SUPERANNUATION

Employees of the department are entitled to receive superannuation benefits and the department contributes to both defined benefit and defined contribution plans. The defined benefit plan provides benefits based on years of service and final average salary. The department does not recognise any defined benefit liability in respect of the plan because the department has no legal or constructive obligation to pay future benefits relating to its employees; its only obligation is to pay superannuation contributions as they fall due. DTF discloses the state’s defined benefit liabilities in its disclosure for administered items. However, superannuation contributions paid or payable for the reporting period are included as part of the employee benefits in the comprehensive operating statement of the department. The name, details and amounts expensed in relation to the major employee superannuation funds and contributions made by the department are as follows:

Paid contribution Contribution outstanding Fund for the year at year end

2014 2013 2014 2013 $’000 $’000 $’000 $’000

Defined benefit plans:

State Superannuation Fund – revised and new 1,350 1,112 – –

Defined contributions plans:

VicSuper 5,326 3,135 – –

Other 2,097 979 – –

Total 8,773 5,226 – – (a) The bases for contributions are determined by the various schemes. (b) The above amounts were measured as at 30 June of each year, or in the case of employer contributions they relate to the years ended 30 June.

NOTE 19. OTHER LIABILITIES

2014 2013 $’000 $’000

Current other liabilities

Other liabilities 84 194

Total other liabilities 84 194

84 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

NOTE 20. LEASES

Finance leases

Leasing arrangements Finance leases entered into by the department relate to motor vehicles with lease terms between 1 and 3 years. The department has options to purchase the vehicles at the conclusion of the lease agreements.

Minimum future lease Present value of minimum Finance lease liabilities payments future lease payments 2014 2013 2014 2013 $’000 $’000 $’000 $’000

Finance lease liabilities payable

Not longer than 1 year 1,885 516 1,750 469

Longer than 1 year but not longer than 5 years 1,505 547 1,451 515

Minimum future lease payments (i) 3,390 1,063 3,201 984

Less future finance charges (189) (79) – –

Present value of minimum lease payments 3,201 984 3,201 984

Included in the financial statements as:

Current borrowings (Note 16) 1,750 469

Non-current borrowings (Note 16) 1,451 515

Total 3,201 984 (i) Minimum future lease payments includes the aggregate of all lease payments and any guaranteed residual.

Lessee – Operating leases

Leasing arrangements Operating leases mainly relate to accommodation with lease terms of between two and 15 years. All operating lease contracts contain market review clauses in the event that the department exercises its option to renew. The department does not have an option to purchase the leased asset at the expiry of the lease period.

2014 2013 $’000 $’000

Non-cancellable operating leases

Not longer than 1 year 18,450 11,026

Longer than 1 year but not longer than 5 years 69,345 41,597

Longer than 5 years 42,363 33,273

Total 130,158 85,896

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 85 03 FINANCIAL REPORT

NOTE 20. LEASES (CONTINUED)

Lessor – Operating leases (i)

2014 2013 $’000 $’000

Non-cancellable operating lease receivables

Not longer than 1 year – 128

Longer than 1 year but not longer than 5 years – 546

Longer than 5 years – 764

Total – 1,438 (i) Assets previously leased are no longer owned by the department.

NOTE 21. COMMITMENTS FOR EXPENDITURE The following commitments have not been recognised as liabilities in the financial statements. Controlled commitments are payable as follows:

2014 2013 $’000 $’000

(a) Lease commitments

Finance lease liabilities and non-cancellable operating lease commitments are disclosed in Note 20 to the financial statements.

(b) Other expenditure commitments

Outsourcing commitments

Commitments under outsourcing contracts for information technology and internal audit services at the reporting date but not recognised as liabilities and payable are:

Not longer than 1 year 500 318

Longer than 1 year but not longer than 5 years – 636

Total 500 954

Grant commitments

Commitments for the payment of grants under long-term contracts in existence at the reporting date but not recognised as liabilities and payable are:

Not longer than 1 year 255,667 89,534

Longer than 1 year but not longer than 5 years 190,074 86,529

Longer than 5 years 1,110 1,832

Total 446,851 177,895

Major Projects Victoria

Commitments for payments under contract in relation to projects in existence at the reporting date but not recognised as liabilities and payable are:

Not longer than 1 year 46,491 193,154

Longer than 1 year but not longer than 5 years 753 20,910

Longer than 5 years 192 –

Total 47,436 214,064

86 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

Melbourne Convention Centre Development Project (Administered entity) In May 2006, the State of Victoria entered into an agreement under its Partnerships Victoria policy for the development and maintenance of the Melbourne Convention Centre (MCC) facility by a private sector consortium (the lessor). The lessor was responsible for construction of the new facility which commenced in June 2006 and commercial acceptance was achieved on 31 March 2009. Upon its completion, the department on behalf of the State of Victoria was granted a 25 year finance lease by the lessor, and entered into an agreement under which the new facility will be operated by the Melbourne Convention and Exhibition Trust (MCET). It is estimated as at 30 June 2014 that future lease payments relating to the facility amount to $460.3 million (2013: $461.1 million) in net present value terms, or $1,072.8 million (2013: $1,114.0 million) in nominal dollars, to be paid to the lessor over a 25 year period which commenced 1 January 2009. At the same time, the department on behalf of the State of Victoria has entered into a loan agreement with MCET under which MCET undertakes to repay the State of Victoria fifty per cent ($227.5 million) of the value of the asset ($455 million) over a 25 year period. As part of the 25 year lease arrangement the lessor will provide services, maintenance, and refurbishments in return for a fixed (inflation adjusted) quarterly service payment from the State of Victoria. It is estimated that as at 30 June 2014, these future service payments amount to $218.3 million (2013: $219.0 million) in net present value terms, or $459.1 million (2013: $477.1 million) in nominal dollars, over the 25 year lease term. Ownership of the MCC facility will transfer to the State of Victoria at the end of the 25 year lease period at no cost. Finance lease commitments in relation to the MCC development project for construction of the new facility:

Nominal value Net present value (i) 2014 2013 2014 2013 $’000 $000 $’000 $000

Not longer than 1 year 42,307 41,245 39,987 38,999

Longer than 1 year but not longer than 5 years 180,414 175,880 136,377 133,207

Longer than 5 years 850,036 896,877 283,902 288,897

Total value of expected future commitments 1,072,757 1,114,002 460,266 461,103 (i) The net present value is calculated using a discount rate of 9.4% per annum.

Operating lease commitments in relation to the MCC development project for services, maintenance, and refurbishments:

Nominal value Net present value (i) 2014 2013 2014 2013 $’000 $000 $’000 $000

Not longer than 1 year 18,480 18,045 17,597 17,183

Longer than 1 year but not longer than 5 years 78,463 76,625 61,525 60,086

Longer than 5 years 362,123 382,441 139,149 141,759

Total value of expected future commitments 459,066 477,111 218,271 219,028 (i) The net present value is calculated using a discount rate of 8.14% per annum.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 87 03 FINANCIAL REPORT

NOTE 22. CONTINGENT ASSETS AND CONTINGENT LIABILITIES

2014 2013 $’000 $’000

Contingent liabilities

Financial guarantee – letter of credit ICAAN, arrangement with Westpac 307 307

Mining rehabilitation (i) 67 –

Total 374 307 (i) The contingent liability transferred to the department through Machinery of Government changes.

Non-quantifiable contingent liabilities (Controlled entity) As part of the wind-up of the National Electricity Code Administrator (NECA), the State of Victoria has undertaken to indemnify the actions of the NECA Directors for a period of seven years, from completion of their tenure in 2008, until 2015. There are a number of litigation matters underway at balance date, the details of which are not disclosed so as not to prejudice the cases. Contingent liabilities are not secured over any of the assets of the department.

NOTE 23. FINANCIAL INSTRUMENTS (a) Financial risk management objectives and policies The department’s activities expose it primarily to the financial risk of changes in interest rates. The department does not enter into derivative financial instruments to manage its exposure to interest rate and foreign currency risk. The department does not enter into or trade financial instruments, including derivative financial instruments, for speculative purposes. The department’s principal financial instruments comprise: >> cash assets >> term deposits >> investments-equities >> receivables (excluding statutory receivables) >> payables (excluding statutory payables) >> borrowings, and >> finance lease liabilities payable.

88 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

Details of the significant accounting policies and methods adopted, including the criteria for recognition, the basis of measurement, and the basis on which income and expenses are recognised, with respect to each class of financial asset, financial liability and equity instrument above are disclosed in Note 1 to the financial statements. The main purpose in holding financial instruments is to prudentially manage the department’s financial risks within the Government policy parameters. Investments in associates or joint ventures are disclosed separately in Note 12. The department uses different methods to measure and manage the different risks to which it is exposed. The carrying amounts of the department’s contractual financial assets and financial liabilities by category are disclosed in the table below: Table 23.1: Categorisation of financial instruments

Contractual Contractual Financial Financial assets – liabilities at loans and amortised receivables cost Total 2014 $’000 $’000 $’000 Contractual Financial assets

Cash and deposits 396,760 – 396,760

Receivables (i) 24,369 – 24,369

Investments-equities 90 – 90

Total contractual financial assets 421,219 – 421,219

Contractual Financial liabilities

Payables (i)

– Supplies and services – 91,207 91,207

Borrowings – 3,201 3,201

Total contractual financial liabilities – 94,408 94,408 2013 Contractual Financial assets

Cash and deposits 89,229 – 89,229

Receivables (i) 17,255 – 17,255

Total contractual financial assets 106,484 – 106,484

Contractual financial liabilities

Payables (i)

– Supplies and services – 53,525 53,525

Borrowings – 984 984

Total contractual financial liabilities – 54,509 54,509

(i) Receivables and payables disclosed above exclude Statutory Receivables (i.e. GST recoverable) and Statutory Payables (i.e. Taxes payable).

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 89 03 FINANCIAL REPORT

NOTE 23. FINANCIAL INSTRUMENTS (CONTINUED)

Table 23.2: Net holding gain/(loss) on financial instruments by category

Total interest Net holding income/ gains/ (loss) (expense) Total

2014 $’000 $’000 $’000 Contractual financial assets

Cash and deposits – 5,312 5,312

Total contractual financial assets – 5,312 5,312

Contractual financial liabilities

Financial liabilities at amortised cost – (280) (280)

Total contractual financial liabilities – (280) (280)

2013 Contractual financial assets

Cash and deposits – 611 611

Total contractual financial assets – 611 611

Contractual financial liabilities

Financial liabilities at amortised cost – (47) (47)

Total contractual financial liabilities – (47) (47)

The net holding gains or losses disclosed above are determined as follows: >> For cash and cash equivalents, loans or receivables, and available-for-sale financial assets, the net gain or loss is calculated by taking the movement in the fair value of the asset, the interest income, plus or minus foreign exchange gains or losses arising from revaluation of the financial assets, and minus any impairment recognised in the net result. >> For financial liabilities measured at amortised cost, the net gain or loss is calculated by taking the interest expense, and plus or minus foreign exchange gains or losses arising from the revaluation of financial liabilities measured at amortised cost.

90 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

(b) Credit risk The department does not engage in hedging for its Credit risk arises from the contractual financial financial assets and mainly holds financial assets assets of the department, which comprise cash that are on fixed interest except for cash assets and deposits, non-statutory receivables and which are mainly cash at bank. As with the policy available-for-sale contractual financial assets. for debtors, the department’s policy is to only deal The department’s exposure to credit risk arises with domestic banks with high credit ratings. from the potential default of the counter party on Provision for impairment for contractual financial their contractual obligations resulting in financial assets is recognised when there is objective loss to the department. Credit risk is measured evidence that the department will not be able to at fair value and is monitored on a regular basis. collect a receivable. Objective evidence includes Credit risk associated with the department’s financial difficulties of the debtor, default payments, financial assets is minimal because its main debts which are more than 60 days overdue, and debtor is the Victorian Government. For debtors changes in debtor credit ratings. other than Government, it is the department’s Except as otherwise detailed in the following table, policy to only deal with entities with high credit the carrying amount of financial assets recorded ratings of a minimum triple-B rating and to obtain in the financial statements, net of any allowances sufficient collateral or credit enhancements for losses, represents the department’s maximum where appropriate. exposure to credit risk without taking account of the value of any collateral obtained.

Table 23.3: Credit quality of contractual financial assets that are neither past due nor impaired.

Government Other agencies (minimum Internally (AAA credit BBB credit rated bank rating) rating) deposits Other Total

2014 $’000 $’000 $’000 $’000 $’000 Cash and deposits 348,329 46,600 1,831 – 396,760

Receivables (i) 12,365 –- – 12,004 24,369

Investments-equities – – – 90 90

Total contractual financial assets 360,694 46,600 1,831 12,094 421,219

2013 Cash and deposits 43,563 44,339 1,327 – 89,229

Receivables (i) 9,239 – – 8016 17,255

Total contractual financial assets 52,802 44,339 1,327 8,016 106,484 (i) The carrying amounts disclosed exclude statutory receivables (e.g. amounts owing from the State of Victoria and GST recoverable).

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 91 03 FINANCIAL REPORT

NOTE 23. FINANCIAL INSTRUMENTS (CONTINUED)

Contractual financial assets that The department’s exposure to liquidity risk is are either past due or impaired deemed insignificant based on prior period’s data There are no material financial assets which are and current assessment of risk. Maximum exposure individually determined to be impaired. Currently to liquidity risk is the carrying amounts of financial the department does not hold any collateral as liabilities as disclosed in the balance sheet. security nor credit enhancements relating to any Table 23.5 discloses the contractual maturity of its financial assets. analysis for the department’s contractual There are no financial assets that have had their financial liabilities. terms renegotiated so as to prevent them from (d) Market risk being past due or impaired, and they are stated at the carrying amounts as indicated. The aging The department’s exposures to market risk are analysis table 23.4 discloses the aging only of primarily through interest rate risk with only contractual financial assets that are past due insignificant exposure to foreign currency and other but not impaired. price risks. Objectives, policies and processes used to manage each of these risks are disclosed in the Table 23.4 discloses the ageing of financial assets paragraphs below: that are past due but not impaired. Foreign currency risk (c) Liquidity risk The department is exposed to insignificant foreign Liquidity risk is the risk that the department would currency risk through its payables relating to be unable to meet its financial obligations as and purchases of supplies and consumables from when they fall due. The department operates under overseas. This is because of a limited amount the Government fair payments policy of settling of purchases denominated in foreign currencies financial obligations within 30 days and in the event and a short timeframe between commitment of a dispute, making payments within 30 days from and settlement. the date of resolution. The department manages its risk through The department’s maximum exposure to liquidity continuous monitoring of movements in exchange risk is the carrying amounts of financial liabilities rates and ensures availability of funds through as disclosed in the balance sheet. The department rigorous cash flow planning and monitoring. manages its liquidity risk by: Based on past and current assessment of >> maintaining an adequate level of uncommitted economic outlook, it is deemed unnecessary funds that can be drawn at short notice to meet for the department to enter into any hedging its short term obligations; arrangements to manage risk.

>> holding investments and other contractual Interest rate risk financial assets that are readily tradeable Exposure to interest rate risk is insignificant and in the financial markets; might arise primarily through the department’s >> careful maturity planning of its financial interest bearing liabilities and assets. The only obligations based on forecasts of future interest bearing liabilities and assets are the motor cash flows; vehicle finance lease liabilities and term deposits. >> a high credit rating for the State of Victoria The department’s interest bearing assets are (Moody’s Investor Services & Standard & Poor’s managed by Treasury Corporation Victoria and triple-A), which assists in accessing debt market any movement in interest rates are monitored at a lower interest rate. on a daily basis. The carrying amounts of financial assets and financial liabilities that are exposed to interest rates are set out in Table 23.6. In addition, the department’s sensitivity to interest rate risk is set out in Table 23.7.

92 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

Sensitivity analysis disclosure A shift of +100 basis points (1%) per cent and The department’s sensitivity to market risk is -100 basis points (1%) per cent in market interest determined based on the observed range of rates (AUD) from year-end rates. actual historical data for the preceding five year Table 23.7 discloses the impact on the department’s period, with all variables other than the primary net result and equity for each category of financial risk variable held constant. The department’s fund instrument held by the department at the end of the managers cannot be expected to predict movements reporting period as presented to key management in market rates and prices; sensitivity analyses are personnel if the above movements were to occur. shown for illustrative purposes only. The following movements are “reasonably possible” over the next 12 months:

Table 23.4: Ageing analysis of contractual financial assets

Past due but not impaired Not past Carrying due and not Less than 1 – 3 3 – 12 amount impaired 1 month months months 1 – 5 years

2014 $’000 $’000 $’000 $’000 $’000 $’000 Cash and deposits 396,760 396,760 – – – –

Receivables (i) 24,369 23,281 37 1,006 43 2

Investments 90 90 – – – –

Total 421,219 420,131 37 1,006 43 2

2013 Cash and deposits 89,229 89,229 – – – –

Receivables (i) 17,255 13,079 2,031 584 1,508 53

Total 106,484 102,308 2,031 584 1,508 53 (i) The carrying amounts disclosed here exclude statutory receivables (e.g. amounts owing from Victorian Government and GST input tax credit recoverable).

Table 23.5: Maturity analysis of contractual financial liabilities (ii)

Maturity dates Carrying Nominal Less than 1 – 3 3 – 12 1 – 5 amount amount 1 month months months years

2014 $’000 $’000 $’000 $’000 $’000 $’000 Payables (i) 91,207 91,207 91,207 – – –

Finance lease liabilities 3,202 3,390 289 235 1,360 1,506

Total 94,409 94,597 91,496 235 1,360 1,506

2013 Payables (i) 53,525 53,525 53,525 – – –

Finance lease liabilities 984 1,062 108 67 340 547

Total 54,509 54,587 53,633 67 340 547 (i) The carrying amounts disclosed exclude statutory amounts (e.g. GST payables). (ii) Maturity analysis is presented using the contractual and discounted cash flow.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 93 03 FINANCIAL REPORT

NOTE 23. FINANCIAL INSTRUMENTS (CONTINUED)

Table 23.6: Interest rate exposure of financial instruments

Interest rate exposure Weighted average interest Carrying Fixed Variable Non-interest rate amount interest rate interest rate bearing

2014 % $’000 $’000 $’000 $’000 Financial assets

Cash and deposits 2.43% 252,310 – 252,310 –

Cash and deposits 144,450 – – 144,450

Receivables (i) 24,369 – – 24,369

Investments-equities 90 – – 90

Total financial assets 421,219 – 252,310 168,909

Financial liabilities

Payables 91,207 – – 91,207

Financial lease liabilities 6.19% 3,202 3,202 – –

Total financial liabilities 94,409 3,202 – 91,207

2013 Financial assets

Cash and deposits 2.34% 47,372 – 47,372 –

Cash and deposits 41,858 – – 41,858

Receivables (i) 17,255 – – 17,255

Total financial assets 106,485 – 47,372 59,113

Financial liabilities

Payables (i) 53,525 – – 53,525

Financial lease liabilities 6.54% 984 984 – –

Total financial liabilities 54,509 984 – 53,525 (i) The carrying amounts disclosed exclude statutory receivables and payables (e.g. amounts owing from Victorian Government, GST recoverable and GST payable).

94 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

Table 23.7: Interest rate risk sensitivity

Interest rate

-100 basis points +100 basis points Available- Available- for-sale for-sale Carrying revaluation revaluation amount Net Result surplus Net Result surplus

2014 $’000 $’000 $’000 $’000 $’000 Contractual financial assets

Cash and deposits 396,760 (2,523) – 2,523 –

Receivables 24,369 – – – –

Investments-equities 90 – – – –

Total impact (2,523) – 2,523 –

Contractual financial liabilities

Payables 91,207 – – – –

Borrowings 3,202 – – – –

Total impact – – – –

2013 Contractual financial assets

Cash and deposits 89,229 (474) – 474 –

Receivables 17,255 – – – –

Total impact (474) – 474 –

Contractual financial liabilities

Payables 53,525 – – – –

Borrowings 984 – – – –

Total impact – – – –

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 95 03 FINANCIAL REPORT

NOTE 23. FINANCIAL INSTRUMENTS (CONTINUED)

(e) Fair value The fair values and net fair values of financial instrument assets and liabilities are determined as follows: >> Level 1 – the fair value of financial instrument with standard terms and conditions and traded in active liquid markets are determined with reference to quoted market prices; >> Level 2 – the fair value is determined using inputs other than quoted prices that are observable for the financial asset or liability, either directly or indirectly; and >> Level 3 – the fair value is determined in accordance with generally accepted pricing models based on discounted cash flow analysis using unobservable market inputs. The department considers that the carrying amount of financial instrument assets and liabilities recorded in the financial statements to be a fair approximation of their fair values, because of the short-term nature of the financial instruments and the expectation that they will be paid in full.

Table 23.8: Comparison between carrying amount and fair value Carrying Carrying amount Fair value amount Fair value 2014 2014 2013 2013 $’000 $’000 $’000 $’000

Contractual financial assets

Cash and deposits 396,760 396,760 89,229 89,229

Receivables (i) 24,369 24,369 17,255 17,255

Investments-equities 90 90 – –

Total contractual financial assets 421,219 421,219 106,484 106,484

Contractual financial liabilities

Payables (i)

– Supplies and services 91,207 91,207 53,525 53,525

Borrowings 3,202 3,202 984 984

Total contractual financial liabilities 94,409 94,409 54,509 54,509 (i) The carrying amounts exclude statutory amounts (e.g. amounts owing from Government, GST input tax credit recoverable, and GST payable).

96 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

Table 23.9: Financial assets measured at fair value (ii) Carrying Fair value measurement at end of amount reporting period using:

$’000 $’000 $’000 $’000

2014 Level 1 (i) Level 2 (i) Level 3 Financial assets at fair value through profit or loss

Cash and deposits 396,760 396,760 – –

Receivables 24,369 24,369 – –

Investments-equities 90 90 – –

Total 421,219 421,219 – –

2013 Financial assets at fair value through profit or loss

Cash and deposits 89,229 89,229 – –

Receivables 17,255 17,255 – –

Total contractual financial assets 106,484 106,484 – – (i) There is no difference between level 1 and level 2. (ii) The fair value hierarchy are disclosed by class of financial instrument.

There have been no transfers between levels during the period. The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 97 03 FINANCIAL REPORT

NOTE 24. CASH FLOW INFORMATION

(a) Reconciliation of cash and cash equivalents For the purpose of the cash flow statement, cash includes cash-on-hand and in bank (including funds held in trust), net of outstanding bank overdrafts. Cash at the end of the financial year as shown in the cash flow statement is reconciled to the related items in the balance sheet as follows:

2014 2013 $’000 $’000

Cash (i) 48,432 45,673

Funds held in trust Note 30 (b) 348,328 43,556

Balance as per cash flow statement 396,760 89,229 (i) Due to the State of Victoria’s investment policy and Government funding arrangements, the department does not hold a large cash reserve in it bank accounts. Cash received by the department from the generation of income is generally paid into the state’s bank account, known as the Public Account. Similarly, any departmental expenditure, including those in the form of cheques drawn by the department for the payment of goods and services to its suppliers and creditors are made via the Public Account. The process is such that, the Public Account would remit to the department the cash required for the amount drawn on the cheques. This remittance by the Public Account occurs upon the presentation of the cheques by the department’s suppliers or creditors. The above funding arrangements often result in department having a notional shortfall in the cash at bank required for payment of unpresented cheques at the reporting period. At 30 June 2014, cash at bank includes the amount of a notional shortfall for the payment of unpresented cheques at the end of the reporting period. At 30 June 2014, cash at bank included the amount of a notional shortfall for the payment of unpresented cheques of $66,021 (2013: $106,085).

(b) Non-cash financing and investing activities

2014 2013 $’000 $’000

Acquisition of plant and equipment by way of finance lease 1,609 677

Total 1,609 677

(c) Reconciliation of net result for the period

2014 2013 $’000 $’000

Net result for the period 33,924 11,010

Non-cash movements:

Loss on sale or disposal of non-current assets 4,850 3,162

Depreciation & amortisation of non-financial assets and intangible assets 8,743 4,060

Provision for doubtful debts (28) –

Impairment of non-current assets 43 725

Movements in assets and liabilities

Increase in current receivables (11,513) (12,959)

(Increase)/decrease in other current assets (853) 50

Increase in current payables 24,697 25,289

(Decrease)/increase in current provisions 1,914 (368)

(Decrease)/increase in non-current provisions 1,236 (277)

Net cash flows from/(used) in operating activities 63,013 30,692

98 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

NOTE 25. INVESTMENTS

Current investments Term deposits: the department had no current investments with maturity > 3 months.

2014 2013 $’000 $’000

Non-current investments

Equity and management investments

Listed securities 90 –

Total current and non-current investments and other financial assets 90 –

NOTE 26. RESERVES

2014 2013 $’000 $’000

Physical asset revaluation surplus (i)

Balance at beginning of financial year 30,970 30,970

Revaluation increment/(decrements) – –

Transfers to accumulated surplus (ii) (5,320) –

Balance at end of financial year 25,650 30,970

Net change in reserves (5,320) – (i) The physical asset revaluation surplus arises on the revaluation of land and buildings. (ii) Relates to the transfer of land and buildings at Beacon Cove to Port of Melbourne Authority and the City of Port Phillip.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 99 03 FINANCIAL REPORT

NOTE 27. SUMMARY OF COMPLIANCE WITH ANNUAL PARLIAMENTARY AND SPECIAL APPROPRIATIONS

The following table discloses the details of parliamentary appropriations received by the department for the year. In accordance with accrual output-based management procedures ‘provision of outputs’ and ‘additions to net assets’ are disclosed as ‘controlled’ activities of the department. Administered transactions are those that are undertaken on behalf of the State of Victoria over which the department has no control or discretion.

APPROPRIATION ACT FINANCIAL MANAGEMENT ACT 1994 Section 35 Total Parliamentary Annual Appropriation Advance from Treasurer Section 3(2) Section 29 Section 30 Section 32 Advances Authority Appropriations Applied Variance 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000

Controlled

Provision of outputs 615,786 477,893 – 9,250 – – 4,823 1,078 10,000 4,070 64,285 42,126 – – 694,894 534,417 576,223 438,132 118,671 96,285 (i)

Additions to net assets 81,367 194,043 – – – – – – (5,000) (9,070) 30,780 6,961 – – 107,147 191,934 43,834 120,511 63,313 71,423 (ii)

Regional Growth Fund 136,000 – – – – – – – – – – – – – 136,000 – 136,000 – – –

Administered

Payments made on 64,000 54,000 2,535 – – – – – (5,000) 5,000 – – – – 61,535 59,000 60,878 59,000 657 – behalf of the state

Total 897,153 725,936 2,535 9,250 – – 4,823 1,078 – – 95,065 49,087 – – 999,576 785,351 816,935 617,643 182,641 167,708 (i) A number of the department’s output programs have been rescheduled to the next financial year due to delays in commencements, completion of milestones, and/or contract finalisation. As a result the department has obtained approval to rephase a component of this unspent funding into future years and has also applied for the remaining output budget to be carried over into the next financial year. (ii) A number of the department’s capital projects have experienced delays and the outstanding works have been re-programmed to the next financial year. As a result the department has obtained approval to rephase a component of this unspent funding into future years and has also applied for the remaining capital budget to be carried over into the next financial year.

NOTE 28. EX-GRATIA EXPENSES The department has not incurred ex-gratia expenses (2013: nil).

NOTE 29. ANNOTATED INCOME AGREEMENTS The following is a listing of the Financial Management Act 1994 Section 29 annotated income agreements approved by the Treasurer:

ACTUAL 2014 2013 $’000 $’000

Commonwealth Specific Purpose Payments

National Urban Water and Desalination Plan : New Melbourne Wholesale Market Stormwater 357 1,078 Harvesting and Reuse Project

Commonwealth National Partnerships Payments

Coal Seam Gas and Large Coal Mining Development 4,050 –

Other Revenue

Regional Victoria Living Expo 396 –

Research and Experimental Projects Industry 20 –

Total annotated income agreements 4,823 1,078

100 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

The following table discloses the details of parliamentary appropriations received by the department for the year. In accordance with accrual output-based management procedures ‘provision of outputs’ and ‘additions to net assets’ are disclosed as ‘controlled’ activities of the department. Administered transactions are those that are undertaken on behalf of the State of Victoria over which the department has no control or discretion.

APPROPRIATION ACT FINANCIAL MANAGEMENT ACT 1994 Section 35 Total Parliamentary Annual Appropriation Advance from Treasurer Section 3(2) Section 29 Section 30 Section 32 Advances Authority Appropriations Applied Variance 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000 $000

Controlled

Provision of outputs 615,786 477,893 – 9,250 – – 4,823 1,078 10,000 4,070 64,285 42,126 – – 694,894 534,417 576,223 438,132 118,671 96,285 (i)

Additions to net assets 81,367 194,043 – – – – – – (5,000) (9,070) 30,780 6,961 – – 107,147 191,934 43,834 120,511 63,313 71,423 (ii)

Regional Growth Fund 136,000 – – – – – – – – – – – – – 136,000 – 136,000 – – –

Administered

Payments made on 64,000 54,000 2,535 – – – – – (5,000) 5,000 – – – – 61,535 59,000 60,878 59,000 657 – behalf of the state

Total 897,153 725,936 2,535 9,250 – – 4,823 1,078 – – 95,065 49,087 – – 999,576 785,351 816,935 617,643 182,641 167,708 (i) A number of the department’s output programs have been rescheduled to the next financial year due to delays in commencements, completion of milestones, and/or contract finalisation. As a result the department has obtained approval to rephase a component of this unspent funding into future years and has also applied for the remaining output budget to be carried over into the next financial year. (ii) A number of the department’s capital projects have experienced delays and the outstanding works have been re-programmed to the next financial year. As a result the department has obtained approval to rephase a component of this unspent funding into future years and has also applied for the remaining capital budget to be carried over into the next financial year.

NOTE 28. EX-GRATIA EXPENSES The department has not incurred ex-gratia expenses (2013: nil).

NOTE 29. ANNOTATED INCOME AGREEMENTS The following is a listing of the Financial Management Act 1994 Section 29 annotated income agreements approved by the Treasurer:

ACTUAL 2014 2013 $’000 $’000

Commonwealth Specific Purpose Payments

National Urban Water and Desalination Plan : New Melbourne Wholesale Market Stormwater 357 1,078 Harvesting and Reuse Project

Commonwealth National Partnerships Payments

Coal Seam Gas and Large Coal Mining Development 4,050 –

Other Revenue

Regional Victoria Living Expo 396 –

Research and Experimental Projects Industry 20 –

Total annotated income agreements 4,823 1,078

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 101 03 FINANCIAL REPORT

NOTE 30. TRUST ACCOUNT BALANCES

(a) Trust account balances relating to trust accounts controlled by the department

July 2013 Revenue* Expense June 2014

$’000 $’000 $’000 $’000

STATE TRUSTS Energy and Earth Resources Solar Systems Stage 2* – 3,000 (3,000) – Earth and Energy Trust* – 6,524 (91) 6,433 Department Working Trust Account (i) Community Regional Industry Skills Program (CRISP) 1,808 – – 1,808 Science and Technology Research and Development Fund 1,605 – (135) 1,470 Victorian Greenhouse Strategy Funds 103 – – 103 Victorian Government Business Office 353 – – 353 Youth Employment Scheme 345 – (94) 251 Infrastructure Precincts 9 – – 9 Melbourne Major Events 1,573 74,063 (73,270) 2,366 Real Estate Agents Guarantee Fund 155 – – 155 STI Awareness 27 60 (51) 36 Project Funds 25,103 23,800 (6,540) 42,363 Ezybiz 2,630 121 (151) 2,600 Greening Our Automotive Industry 2 – – 2 Workforce Participation Trust 1,406 260 (206) 1,460 CAT General Purpose Trust 1,151 218 (333) 1,036 International Education Trust 2,055 – (10) 2,045 Small Business Services Policy 113 – – 113 RDV Projects* 935 16,730 (1,533) 16,132 e-GIF Program 2,000 3,000 (338) 4,662 Greater Geelong Industry Fund 2,000 – (695) 1,305 CSF Funding – Community Commitments* – 2,810 (1,546) 1,264 CSF Funding – Victorian Community Support* – 1,322 (1,152) 170 Victorian Transactions Refer Program – 2,000 – 2,000 Regional Growth Fund* – 353,806 (127,813) 225,993 Treasury Trust 42 7,140 (7,140) 42 Vicfleet Finance Lease Sales* 92 392 (46) 438 Revenue Clearing Account 428 (31) – 397

COMMONWEALTH TRUSTS Commonwealth Treasury Trust Fund (ii) CarbonNet Funding Agreement #801* – 3,114 (2,095) 1,019 CarbonNet Funding Agreement #2633* – 11,498 (882) 10,616 Broadband Broker Program 270 – (74) 196 Regional Development Australia* 556 3,844 (4,017) 383 Advanced Lignite Demonstration Program Agreement – 14,190 – 14,190 Australian Synchrotron Contributions Fund 2,704 21 (2,724) 1 Natural Disasters Relief – 4,997 (3,788) 1,209

ADMINISTERED TRUST Public Service Commuters Club (101) (21) – (122) Lysterfield Levy Trust Fund* – 3,717 – 3,717 Securities – DTF Trust Fund* – – (9) (9)

Total 47,364 533,575 (234,733) 346,206 * Includes Machinery of Government changes. (i) For the purpose to assist in facilitating, encouraging, promoting and carrying out activities leading to a balanced economic development of the state. The governing legislation is Sector 19 of the Financial Management Act 1994. (ii) For the purpose of holding funds from the Commonwealth Government. The governing legislation is Sector 19 of the Financial Management Act 1994.

102 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

July 2012 Revenue Expense June 2013

$’000 $’000 $’000 $’000

STATE TRUSTS

Department Working Trust Account (i)

Community Regional Industry Skills Program (CRISP) 2,013 – (205) 1,808

Science and Technology Research and Development Fund 1,633 – (28) 1,605

Victorian Greenhouse Strategy Funds 138 – (35) 103

Victorian Government Business Office 421 – (68) 353

Youth Employment Scheme 394 – (49) 345

Infrastructure Precincts 9 – – 9

Recoup trusts 100 – (100) –

Melbourne Major Events 1,216 74,755 (74,398) 1,573

Real Estate Agents Guarantee Fund 155 – – 155

STI Awareness 45 60 (78) 27

ICT Skills 27 – (27) –

Project Funds 5,773 20,432 (1,102) 25,103

Ezybiz 2,658 551 (579) 2,630

Greening Our Automotive Industry 10 – (8) 2

Workforce Participation Trust 3,032 690 (2,316) 1,406

CAT General Purpose Trust 992 189 (30) 1,151

International Education Trust 2,133 – (78) 2,055

Small Business Services Policy 353 – (240) 113

RDV Projects 995 – (60) 935

e-GIF Program – 2,000 – 2,000

Greater Geelong Industry Fund – 2,000 – 2,000

Treasury Trust 42 – – 42

Vicfleet Finance Lease Sales (28) 120 – 92

Revenue Clearing Account 423 5 – 428

COMMONWEALTH TRUSTS

Commonwealth Treasury Trust Fund (ii)

Broadband Broker Program 347 38 (115) 270

Regional Development Australia 762 1,519 (1,725) 556

Australian Synchrotron Contributions Fund 2,613 591 (500) 2,704

ADMINISTERED TRUST

Public Service Commuters Club (155) 54 – (101)

Total 26,101 103,004 (81,741) 47,364 (i) For the purpose to assist in facilitating, encouraging, promoting and carrying out activities leading to a balanced economic development of the State of Victoria. The governing legislation is Section 19 of the Financial Management Act 1994. (ii) For the purpose of holding funds from the Commonwealth Government. The governing legislation is Section 19 of the Financial Management Act 1994.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 103 03 FINANCIAL REPORT

NOTE 30. TRUST ACCOUNT BALANCES (CONTINUED)

(b) Trust account cash balances The following is a list of cash held in trust account balances relating to trusts controlled and administered by the department.

2014 2013 $’000 $’000

(i) Controlled trusts

Energy and Earth Resources 6,403 –

Department Working Trust Account 82,269 40,048

Regional Growth Fund 236,143 –

Commonwealth Treasury Trust Account 22,710 275

Treasury Trust Account 41 41

Vic Fleet Finance Lease Sales 365 57

Revenue Clearing Account 397 429

Australian Synchrotron Contributions Fund – 2,706

Total controlled trusts 348,328 43,556

(ii) Administered trusts

Lysterfield Levy Trust Fund 450 –

Securities – DTF Trust Fund 139 –

Public Service Commuters Club Trust (122) (101)

Total administered trusts (Note 3) 467 (101)

The department’s portion of the Public Service Commuters Club Trust is temporarily in deficit due to the timing between the purchase of travel tickets and reimbursement from employees. The Trust’s working capital is funded by DTF, and the overall trust balance is in surplus. (c) Trust accounts opened and closed by the department During the 2014 financial year the following Trust Accounts were opened: >> Regional Growth Fund, CSF Funding – Community Commitments, CSF Funding – Victorian Community Support, CarbonNet Funding >> Agreements, Solar Systems Stage 2, Earth and Energy Trust, Natural Disasters Relief, Victorian Transactions Refer Program >> Lysterfield Levy Trust Fund and Advanced Lignite Demonstration Program Agreement. During the 2014 financial year the Australian Synchrotron Contributions Fund was closed. The governing legislation is Section 19 of the Financial Management Act 1994.

104 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

NOTE 31. RESPONSIBLE PERSONS

In accordance with the Ministerial Directions issued by the Minister for Finance under the Financial Management Act 1994, the following disclosures are made regarding responsible persons for the reporting period.

Names The persons who held the positions of Ministers and Accountable Officer in the department are as follows:

Minister for Innovation, Services and Small Business The Hon Louise Asher MP 2 December 2010 to 17 March 2014 Minister for Innovation The Hon Louise Asher MP 17 March 2014 to 30 June 2014 Minister for Tourism and Major Events The Hon Louise Asher MP 2 December 2010 to 30 June 2014 Minister for Employment and Trade The Hon Louise Asher MP 13 March 2013 to 30 June 2014 Minister for Major Projects The Hon David Hodgett MP 13 March 2013 to 30 June 2014 Minister for Regional Cities The Hon Dr Denis Napthine MP 2 December 2010 to 30 June 2014 Minister for Manufacturing The Hon David Hodgett MP 13 March 2013 to 30 June 2014 Minister for State Development The Hon Peter Ryan MP 13 March 2013 to 30 June 2014 Minister for Regional and Rural Development The Hon Peter Ryan MLA 2 December 2010 to 30 June 2014 Minister for Technology The Hon Gordon Rich-Phillips MLC 2 December 2010 to 30 June 2014 Minister responsible for the Aviation Industry The Hon Gordon Rich-Phillips MLC 2 December 2010 to 30 June 2014 Minister for Small Business The Hon Russell Northe MP 17 March 2014 to 30 June 2014 Minister for Energy and Resources The Hon Russell Northe MP 17 March 2014 to 30 June 2014 Minister for Energy and Resources The Hon Nicholas Kotsiras MP 13 March 2013 to 17 March 2014 Secretary Mr Howard Ronaldson 14 May 2008 to 30 June 2014

Remuneration Total remuneration received or receivable by the accountable officer in connection with the management of the department during the reporting period was in the range $420,000 to $429,999 (2013: $430,000 – $439,999). Other related transactions and loans requiring disclosure under the Directions of the Minister for Finance have been considered and there are no matters to report. Amounts relating to Ministers are reported in the financial statements of the Department of Premier and Cabinet.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 105 03 FINANCIAL REPORT

NOTE 32. REMUNERATION OF EXECUTIVES AND PAYMENTS TO OTHER PERSONNEL

(a) Remuneration of executives The total annualised employee equivalent provides The Premier approved an annual adjustment to The number of executive officers, other than a measure of full-time equivalent executive officers executive officer remuneration of 2.5 per cent for ministers and accountable officers, and their total over the reporting period. the 2013-14 financial year. Bonus payments were also paid to eligible executive officers as part of remuneration during the reporting period are shown Several factors have affected total remuneration their performance review for 2013-14. in the first two columns in the table below in their payable to executives during the year. The Office of relevant income bands. The base remuneration of State Development was created which resulted in A number of executive officers retired or resigned executive officers is shown in the third and fourth the filling of two of three executive officer positions. in the past year. This has had a significant impact columns. Base remuneration is exclusive of bonus In addition, a number of employment contracts were on total remuneration figures due to the inclusion of payments, long service leave payments, redundancy renewed during the year. annual leave, and long service leave payments. payments and retirement benefits.

INCOME BAND TOTAL REMUNERATION BASE REMUNERATION

2014 2013 2014 2013 No. No. No. No. $0 – $99,999 17 8 21 10 $100,000 – $109,999 2 – 1 1 $110,000 – $119,999 1 2 1 2 $120,000 – $129,999 – – 1 – $130,000 – $139,999 – 1 – – $140,000 – $149,999 4 – 2 1 $150,000 – $159,999 4 3 2 3 $160,000 – $169,999 3 3 6 1 $170,000 – $179,999 4 3 6 5 $180,000 – $189,999 6 1 2 – $190,000 – $199,999 2 1 3 5 $200,000 – $209,999 2 5 4 1 $210,000 – $219,999 4 1 3 – $220,000 – $229,999 3 – 1 – $230,000 – $239,999 2 3 2 4 $240,000 – $249,999 1 1 2 1 $250,000 – $259,999 2 1 – – $260,000 – $269,999 – – 2 – $270,000 – $279,999 1 – 1 1 $280,000 – $289,999 2 – 3 1 $290,000 – $299,999 2 – – – $300,000 – $309,999 1 2 – – $310,000 – $319,999 1 – 1 – $320,000 – $329,999 – – – 1 $330,000 – $339,999 – – 1 – $340,000 – $349,999 – 1 – – $350,000 – $359,999 1 1 – 1 $360,000 – $369,999 – – 1 – $370,000 – $379,999 1 – – – $400,000 – $409,999 – 1 – – Total numbers 66 38 66 38 Total annualised employee equivalent (AEE) (a) 47.9 28.3 47.9 28.3 Total amount ($’000) 11,074 6,844 10,300 5,930 (a) Annualised employee equivalent is based on working 38 ordinary hours per week over the reporting period.

106 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

(b) Payments to other personnel (i.e. contractors with significant management responsibilities) The following disclosures are made in relation to other personnel of the department (i.e. contractors charged with significant management responsibilities). Payments have been made to a number of contractors with significant management responsibilities, which are disclosed in the $10,000 expense band. These contractors are responsible for planning, directing or controlling, directly or indirectly, the department’s activities. The change in the total expenses from 2013 to 2014 was mainly driven by new functions being undertaken by the department in the 2014 reporting period.

EXPENSE BAND TOTAL OTHER PERSONNEL 2014 2013 No. No.

$0 – $99,999 2 1

$110,000 – $119,999 1 –

$130,000 – $139,999 1 –

$140,000 – $149,999 1 –

$160,000 – $169,999 – 1

$180,000 – $189,999 – 1

$190,000 – $199,999 – 1

$230,000 – $239,999 – 1

$280,000 – $289,999 1 1

$290,000 – $299,999 2 –

$310,000 – $319,999 – 1

$350,000 – $359,999 2 –

Total numbers 10 7

Total amount (exclusive of GST) 2,043 1,446

NOTE 33. REMUNERATION OF AUDITORS

2014 2013 $’000 $’000

Victorian Auditor General’s Office

Audit of the financial statements 295 274

295 274

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 107 03 FINANCIAL REPORT

NOTE 34. GLOSSARY OF TERMS

Amortisation Effective interest method Amortisation is the expense which results from the The effective interest method is used to calculate consumption, extraction or use over time of a non- the amortised cost of a financial asset or liability produced physical or intangible asset. and of allocating interest income over the relevant period. The effective interest rate is the rate Associates that exactly discounts estimated future cash Associates are all entities over which an entity receipts through the expected life of the financial has significant influence but not control, generally instrument, or, where appropriate, a shorter period. accompanying a shareholding and voting rights of Employee benefits expenses between 20 per cent and 50 per cent. Employee benefits expenses include all costs Borrowings related to employment including wages and Borrowings refers to interest-bearing liabilities salaries, fringe benefits tax, leave entitlements, mainly raised from public borrowings raised through redundancy payments, defined benefits the Treasury Corporation of Victoria, finance leases superannuation plans and defined contribution and other interest-bearing arrangements. superannuation plans.

Comprehensive result Ex-gratia expenses The net result of all items of income and expense Ex-gratia expenses mean the voluntary payment recognised for the period. It is the aggregate of of money or other non-monetary benefit (e.g. a operating result and other comprehensive income. write-off) that is not made either to acquire goods, services or other benefits for DSDBI or to meet a Capital asset charge legal liability, or to settle or resolve a possible legal The capital asset charge represents the opportunity liability or claim against DSDBI. cost of capital invested in the non-financial physical assets used in the provision of outputs. Financial asset A financial asset is any asset that is: Commitments (a) cash; Commitments include those operating, capital and other outsourcing commitments arising from non- (b) an equity instrument of another entity; cancellable contractual or statutory sources. (c) a contractual or statutory right: Current grants >> to receive cash or another financial asset Amounts payable or receivable for current purposes from another entity; or for which no economic benefits of equal value are >> to exchange financial assets or financial receivable or payable in return. liabilities with another entity under conditions that are potentially favourable to the entity; or Depreciation (d) a contract that will or may be settled in the Depreciation is an expense that arises from the entity’s own equity instruments and is: consumption through wear or time of a produced physical or intangible asset. This expense is >> a non-derivative for which the entity is or may classified as a ‘transaction’ and so reduces the ‘net be obliged to receive a variable number of the result from transaction’. entity’s own equity instruments; or >> a derivative that will or may be settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments.

108 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

Financial instrument Grants and other transfers A financial instrument is any contract that gives Transactions in which one party provides goods, rise to a financial asset of one entity and a financial services, assets (or extinguishes a liability) or labour liability or equity instrument of another entity. to another party without receiving approximately Financial assets or liabilities that are not contractual equal value in return. Grants can either be operating (such as statutory receivables or payables that arise or capital in nature. While grants to governments as a result of statutory requirements imposed by may result in the provision of some goods or governments) are not financial instruments. services to the transferor, they do not give the transferor a claim to receive directly benefits of Financial liability approximately equal value. Receipt and sacrifice A financial liability is any liability that is: of approximately equal value may occur, but only by coincidence. For example, governments are not (a) A contractual or statutory obligation: obliged to provide commensurate benefits, in the (i) To deliver cash or another financial asset form of goods or services to particular taxpayers to another entity; or in return for their taxes. For this reason, grants are referred to by the AASB as involuntary transfers (ii) To exchange financial assets or financial and are termed non reciprocal transfers. liabilities with another entity under conditions that are potentially unfavourable Grants can be paid as general purpose grants to the entity; or which refer to grants that are not subject to conditions regarding their use. Alternatively, they (b) a contract that will or may be settled in the may be paid as specific purpose grants which are entity’s own equity instruments and is: paid for a particular purpose and/or have conditions >> a non-derivative for which the entity is or may attached regarding their use. be obliged to receive a variable number of the entity’s own equity instruments; or General Government sector >> a derivative that will or may be settled The General Government sector comprises all other than by the exchange of a fixed Government departments, offices and other bodies amount of cash or another financial asset engaged in providing services free of charge or at for a fixed number of the entity’s own equity prices significantly below their cost of production. instruments. For this purpose the entity’s General Government services include those which own equity instruments do not include are mainly non-market in nature, those which instruments that are themselves contracts for are largely for collective consumption by the the future receipt or delivery of the entity’s community and those which involve the transfer own equity instruments. or redistribution of income. These services are financed mainly through taxes, or other compulsory Financial statements levies and user charges. Depending on the context of the sentence where the term ‘financial statements’ is used, it may Grants for on passing include only the main financial statements All grants paid to one institutional sector (i.e. comprehensive operating statement, balance (e.g. a state General Government) to be passed on sheet, cash flow statements, and statement of to another institutional sector (e.g. local government changes in equity); or it may also be used to replace or a private non profit institution). the old term ‘financial report’ under the revised Intangible produced assets AASB 101 (Sept 2007), which means it may include the main financial statements and the notes. Refer to produced assets in this glossary. Intangible non-produced assets Refer to non-produced assets in this glossary.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 109 03 FINANCIAL REPORT

NOTE 34. GLOSSARY OF TERMS (CONTINUED)

Interest expense Net result Costs incurred in connection with the borrowing of Net result is a measure of financial performance funds. Interest expenses include interest on bank of the operations for the period. It is the net result overdrafts and short term and long-term borrowings, of items of income, gains and expenses (including amortisation of discounts or premiums relating to losses) recognised for the period, excluding those borrowings, interest component of finance leases that are classified as ‘other economic flows – other repayments, and the increase in financial liabilities comprehensive income’. and non employee provisions due to the unwinding Net result from transactions/net of discounts to reflect the passage of time. operating balance Interest income Net result from transactions or net operating Interest income includes unwinding over time of balance is a key fiscal aggregate and is income from discounts on financial assets and interest received transactions minus expenses from transactions. It on bank term deposits and other investments. is a summary measure of the ongoing sustainability of operations. It excludes gains and losses resulting Investment properties from changes in price levels and other changes in Investment properties represent properties held the volume of assets. It is the component of the to earn rentals or for capital appreciation or both. change in net worth that is due to transactions and Investment properties exclude properties held can be attributed directly to Government policies. to meet service delivery objectives of the State Net worth of Victoria. Assets less liabilities, which is an economic Joint ventures measure of wealth. Joint ventures are contractual arrangements Non-financial assets between the department and one or more other parties to undertake an economic activity that is Non-financial assets are all assets that are not subject to joint control. Joint control only exists ‘financial assets’. It includes inventories, land, when the strategic financial and operating buildings, infrastructure, road networks, land under decisions relating to the activity require the roads, plant and equipment, investment properties, unanimous consent of the parties sharing control cultural and heritage assets, and intangible assets. (the venturers). Non-produced assets Net acquisition of non-financial assets Non produced assets are assets needed for (from transactions) production that have not themselves been Purchases (and other acquisitions) of non financial produced. They include land, subsoil assets, and assets less sales (or disposals) of non financial certain intangible assets. Non produced intangibles assets less depreciation plus changes in inventories are intangible assets needed for production that and other movements in non financial assets. have not themselves been produced. They include Includes only those increases or decreases in non constructs of society such as patents. financial assets resulting from transactions and Other economic flows are changes in the volume or therefore excludes write offs, impairment write value of an asset or liability that do not result from downs and revaluations. transactions. It includes: >> gains and losses from disposals, revaluations and impairments of non financial physical and intangible assets;

110 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

>> fair value changes of financial instruments and Public non financial corporation sector agricultural assets; and The public non financial corporation (PNFC) sector >> depletion of natural assets (non produced) from comprises bodies mainly engaged in the production their use or removal. of goods and services (of a non-financial nature) for sale in the market place at prices that aim to Other economic flows – recover most of the costs involved (e.g. water and other comprehensive income port authorities). In general, PNFC’s are legally Other economic flows – other comprehensive distinguishable from governments which own them. income comprises items (including reclassification adjustments) that are not recognised in net result as Quasi corporation required or permitted by other AAS. An unincorporated enterprise that functions as if it The components of other economic flows – other were a corporation, has the same relationship with comprehensive income include: its owner as a corporation, and keeps a separate set of accounts. >> change in physical asset revaluation surplus; Receivables >> share of net movement in revaluation surplus of associates and joint venturers; and Includes amounts owing from Government through appropriation receivable, short and long-term trade >> gains and losses on remeasuring available-for- credit and accounts receivable, accrued investment sale financial assets. income, grants, taxes and interest receivable. Payables Sales of goods and services Includes short and long-term trade debt and Refers to income from the direct provision of goods accounts payable, grants and interest payable. and services and includes fees and charges for Produced assets services rendered, sales of goods and services, fees from regulatory services, work done as an agent for Produced assets include buildings, plant and private enterprises. It also includes rental income equipment, inventories, cultivated assets and under operating leases and on produced assets certain intangible assets. Intangible produced such as buildings and entertainment, but excludes assets may include computer software, motion rent income from the use of non produced assets picture films, and research and development costs such as land. User charges includes sale of goods (which do not include the start up costs associated and services income. with capital projects).

Public financial corporation sector Supplies and services Supplies and services generally represent cost Public financial corporations (PFCs) are bodies of goods sold and the day to day running costs, primarily engaged in the provision of financial including maintenance costs, incurred in the intermediation services or auxiliary financial normal operations of the department. services. They are able to incur financial liabilities on their own account (e.g. taking deposits, issuing securities or providing insurance services). Estimates are not published for the public financial corporation sector.

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NOTE 34. GLOSSARY OF TERMS (CONTINUED)

Transactions Transactions are those economic flows that are considered to arise as a result of policy decisions, usually an interaction between two entities by mutual agreement. They also include flows within an entity such as depreciation where the owner is simultaneously acting as the owner of the depreciating asset and as the consumer of the service provided by the asset. Taxation is regarded as mutually agreed interactions between the Government and taxpayers. Transactions can be in kind (e.g. assets provided/given free of charge or for nominal consideration) or where the final consideration is cash. In simple terms, transactions arise from the policy decisions of the Government. Style conventions Figures in the tables and in the text have been rounded. Discrepancies in tables between totals and sums of components reflect rounding. Percentage variations in all tables are based on the underlying unrounded amounts. The notation used in the tables is as follows: – Zero, or rounded to Zero (xxx) negative numbers 20xx year period The financial statements and notes are presented based on the illustration for a Government department in the 2013-14 Model Report for Victorian Government Departments. The presentation of other disclosures is generally consistent with other disclosures made in earlier publications of the department’s annual reports.

112 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

ACCOUNTABLE OFFICER’S AND CHIEF FINANCE OFFICER’S DECLARATION

We certify that the attached financial report for the Department of State Development, Business and Innovation has been prepared in accordance with Standing Direction 4.2 of the Financial Management Act 1994, applicable Financial Reporting Directions, Australian Accounting Standards and other mandatory professional reporting requirements. We further state that, in our opinion, the information set out in the Comprehensive Operating Statement, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes forming part of the financial report, presents fairly the financial transactions during the year ended 30 June 2014 and financial position of the department as at 30 June 2014. We are not aware of any circumstance which would render any particulars included in the financial statements to be misleading or inaccurate. We authorise the attached financial report for issue on the 4 September 2014.

Howard Ronaldson Jim Strilakos Secretary Chief Finance Officer Department of State Development, Department of State Development, Business and Innovation Business and Innovation Melbourne Melbourne 4 September 2014 4 September 2014

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AUDITOR-GENERAL’S REPORT

114 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 03 FINANCIAL REPORT

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 115 04 APPENDICES

04 APPENDICES

116 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

CONTENTS Appendix 1 Appendix 14 Disclosure index 118 Office-based environmental impacts 194 Appendix 2 Appendix 15 Administrative structure of the department 120 Legislation administered by the Department of State Development, Business and Innovation 201 Appendix 3 Departmental objectives, indicators Appendix 16 and progress 120 Freedom of Information 203 Appendix 4 Appendix 17 Output groups 123 Compliance and Attestations 203 Appendix 5 >> Compliance with the Building Act 1993 Financial review of operations and >> Compliance with DataVic Access Policy financial conditions 129 >> Compliance with the Disability Act 2006 Appendix 6 >> Compliance with National Competition Policy Grants and related assistance 130 >> Compliance with the Protected Appendix 7 Disclosure Act 2012 Consultancies 163 >> Declaration of Major Contracts Appendix 8 >> Declaration of Pecuniary Interest Budget portfolio outcomes 163 >> Attestation for compliance with the Ministerial Appendix 9 Direction 4.5.5.1 – Insurance Workforce information 169 >> Attestation for compliance with the Australian/ New Zealand Risk Management Standard Appendix 10 Human resource management 172 Appendix 18 Summary of additional departmental Appendix 11 information available upon request 206 Human Rights and Responsibilities Charter 176 Appendix 19 Appendix 12 Contact details 207 International Victorian Government Business Offices 177 Appendix 20 Departmental acronyms 210 Appendix 13 Implementation of the Victorian Industry Participation Policy 193

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APPENDIX 1 DISCLOSURE INDEX

The annual report of the department is prepared in accordance with all relevant Victorian legislations and pronouncements. This index has been prepared to facilitate identification of the department’s compliance with statutory disclosure requirements.

Legislation Disclosure required Page MINISTERIAL DIRECTIONS REPORT OF OPERATIONS – FINANCIAL REPORTING DIRECTION (FRD) GUIDANCE Charter and purpose FRD 22E Manner of establishment and the relevant Ministers 5-7

FRD 22E Objectives, functions, powers and duties 45

FRD 22E Nature and range of services provided 5 Management and structure FRD 22E Organisational structure 6-7 Financial and other information FRD 8B Budget portfolio outcomes 163-168

FRD 10 Disclosure index 118-119

FRD 12A Disclosure of major contracts 205

FRD 15B Executive Officer disclosures 170

FRD 22E, Operational and budgetary objectives and performance against objectives SD 4.2(k) 123-128

FRD 22E Employment and conduct principles 174

FRD 22E Occupational health and safety policy 172-174

FRD 22E Summary of the financial results for the year 129

FRD 22E Significant changes in financial position during the year 168

FRD 22E Major changes or factors affecting performance 5

FRD 22E Subsequent events n/a

FRD 22E Application and operation of the Freedom of Information Act 1982 203

FRD 22E Compliance with building and maintenance provisions of the Building Act 1993 203

FRD 22E Statement on National Competition Policy 204

FRD 22E Application and operation of the Protected Disclosure Act 2012 204

FRD 22E Application and operation of the Carers Recognition Act 2012 176

FRD 22E Details of consultancies over $10,000 163

FRD 22E Details of consultancies under $10,000 163

FRD 22E Statement of availability of other information 206

FRD 24C Reporting of office-based environmental data 194-200

FRD 25B Victorian Industry Participation Policy disclosures 193

FRD 29 Workforce data disclosures 169-171

SD 4.5.5 Risk management compliance attestation 205

SD 4.5.5.1 Ministerial Standing Direction 4.5.5.1 compliance attestation 205

SD 4.2(g) Specific information requirements 3-33

SD 4.2(j) Sign-off requirements 4

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Legislation Disclosure required Page FINANCIAL REPORT Financial statements required under Part 7 of the Financial Management Act 1994 SD4.2(a) Statement of changes in equity 39

SD4.2(b) Operating statement 37

SD4.2(b) Balance sheet 38

SD4.2(b) Cash flow statement 40, 98 Other requirements under Standing Directions 4.2 SD4.2(c) Compliance with Australian accounting standards and other authoritative pronouncements 41

SD4.2(c) Compliance with Ministerial Directions 113

SD4.2(d) Rounding of amounts 42

SD4.2(c) Accountable officer’s declaration 113

SD4.2(f) Compliance with Model Financial Report 41 Other disclosures as required by FRDs in notes to the financial statements FRD 9A Departmental disclosure of administered assets and liabilities by activity 66-67

FRD 11A Disclosure of ex-gratia expenses 100

FRD 13 Disclosure of parliamentary appropriations 100

FRD 17B Wage inflation and discount rates for employee benefits 56, 83

FRD 21B Disclosures of responsible persons, executive officers and other personnel (contractors with significant management responsibilities) in the financial report 106-107

FRD 26A Accounting for Vic-Fleet motor vehicle lease arrangements on or after 1 February 2004 85

FRD 102 Inventories 71

FRD 103E Non-current physical assets 73-78

FRD 104 Foreign currency 57

FRD 105A Borrowing costs 55, 82

FRD 106 Impairment of assets 49

FRD 109 Intangible assets 81

FRD 110 Cash flow statement 40, 98

FRD 112D Defined benefit superannuation obligations 84

FRD 113 Investments in subsidiaries, jointly controlled entities and associates 80

FRD 114A Financial instruments – General Government entities and public non-financial corporations 88-97

FRD 119A Transfers through contributed capital 39

FRD 120H Accounting and reporting pronouncements applicable to 2013-14 reporting period 58-59 LEGISLATION Building Act 1983 203

Carers Recognition Act 2012 176

Charter of Human Rights and Responsibilities Act 2006 176

Disability Act 2006 203

Financial Management Act 1994 41

Freedom of Information Act 1982 203

Multicultural Victoria Act 2011 175

Protected Disclosure Act 2012 204-205

Public Administration Act 2004 5, 174

Victorian Industry Participation Policy Act 2003 193

Other legislation administered by the department 201-203

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APPENDIX 2 ADMINISTRATIVE STRUCTURE OF THE DEPARTMENT

The administrative structure of the department as PROMOTE VICTORIA TO ATTRACT at 30 June 2014 is represented on pages 6-7 of this TOURISTS, INVESTORS AND STUDENTS report. A current version is also available at the The indicator for this objective is ‘tourists, investors department’s website at dsdbi.vic.gov.au and students attracted’. In 2013-14, the department: APPENDIX 3 DEPARTMENTAL >> implemented a campaign to support the Open OBJECTIVES, INDICATORS Up to More – Melbourne Campaign, as part AND PROGRESS of Victoria’s China Tourism Strategy to attract Chinese visitors to the state As outlined in the 2013-14 Budget Paper No. 3 Service Delivery, the department’s objectives, >> continued to implement the Play Melbourne indicators and progress on those indicators are domestic marketing campaign in key outlined below. interstate markets >> released Victoria’s 2020 Tourism Strategy and ASSIST BUSINESSES IN ACCESSING Victoria’s Regional Tourism Strategy 2013-2016 SKILLED WORKERS TO ALIGN WITH VICTORIA’S INDUSTRY NEEDS >> developed the 2013-2016 Regional Tourism Partnership Program The indicator for this objective is ‘business skills needs assisted’. >> developed a cooperative marketing campaign with the National Gallery of Victoria (NGV) The department’s Business Engagement Model and Australian Centre for Moving Image underpins the way DSDBI interacts with industry. (ACMI) to promote the 2013 Melbourne Through this model, the department develops close Winter Masterpieces. A total of 27 per cent of working relationships with individual businesses to attendees at Monet’s Garden (staged at NGV) enable the Government to better target support and and the Hollywood Costumes Exhibition (staged tailor responses to the specific needs of businesses. at ACMI) were visitors from outside the state This includes training and re-training issues, >> participated in Tourism Australia’s global labour market issues such as employee relations, Restaurant Australia Campaign. labour shortages, skilled migration, workforce development, redundancy/retrenchment and a International visitor expenditure in Victoria for the range of skills-based programs and services. year ending March 2014 (latest available data) grew to $4.8 billion compared to $4.5 billion in In 2013-14, the department: 2012-13, with strong growth from most key >> assisted 1,300 businesses with skills needs, markets such as China. exceeding the target of 1,200 businesses Regional Victoria experienced an increase in >> achieved 73 per cent of state sponsored skilled domestic visitor expenditure to $7.2 billion in migrants working in their nominated field, 2013-14 from $7 billion in 2012-13. Victoria exceeding the 70 per cent target experienced growth in the number of domestic overnight visitors to 19.1 million in 2013-14 from >> reduced the average processing time for state 17.8 million visitors in 2012-13. sponsorship of skilled migration applications to 17 days, well below the target of 28 days Victoria has met its target of attracting 28 per cent of international students to Australia. In October >> met its annual target of 85 per cent client 2013, the Government released the IES which satisfaction with migration services provided. outlines an integrated approach to supporting Victorian providers so they are best positioned to maintain market share into the longer term.

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The department also met its target of four beyond the reach of each individual business. international marketing campaigns, with Victoria Over the year the program executed grants worth Week events held in the UK, Dubai and Mumbai a total value of $1.7 million to 18 networks and and China to promote the state’s trade and 316 businesses. investment opportunities. Film Victoria also supported this objective indicator SUPPORT ORGANISATIONS TO and significantly exceeded its 2013-14 targets, BOOST THEIR PRODUCTIVITY supporting increased film, television and digital THROUGH INNOVATION media productions worth $183 million, well above the annual target of $75 million. These productions The indicator for this objective is provided additional employment of 8,339 jobs, ‘collaborations assisted’. compared to a target of 2,100 jobs. During 2013-14, the department launched several programs that directly contributed to this objective, PROVIDE MARKET INTELLIGENCE AND including: ASSISTANCE TO ORGANISATIONS TO MAKE IT EASY TO INVEST IN VICTORIA >> Driving Business Innovation Program – links The indicators for this objective are ‘investment Victorian businesses with opportunities to facilitated’ and ‘jobs derived’. develop innovative products and services for the Victorian public sector Attracting investment drives job creation, >> eServices Register – a new gateway that technology uptake, skill and product development provides a simplified process for Victorian ICT and capital growth – all of which are important companies bidding for government work, and contributors to the state’s economic strength. To allows the Government to make more informed secure investment, the department provides a range purchasing decisions from a greater range of of facilitation services, such as specialist advice suppliers as well as monitor the range and and assistance with development approvals, site scope of eServices engagements identification services, and advice on infrastructure and utility provision. >> the $12 million Technology Innovation Fund – supports collaborative projects that harnessed In 2013-14 the department exceeded its targets for new technologies and transformed government jobs and investment facilitated. The department service delivery, while responding to changing attracted $2.6 billion in capital investment citizen expectations and improving productivity compared to $2.2 billion in 2012-13. In 2013-14 it is in the public sector. expected that the capital investment will generate 6,300 jobs compared to 4,737 jobs in 2012-13. In 2013-14, the department: Over $1 billion of the investment in 2013-14 was >> provided 297 businesses with R&D assistance, facilitated from regional Victoria along with 2,910 exceeding its target of 180 businesses jobs compared to 1,937 jobs in 2012-13. >> linked 691 companies to business networks, Major contributors to the 2013-14 results were exceeding its target of 300 businesses. investment by the Epworth Hospital, Alstom The Government’s IVP and MPN Grants programs Australia and the ALDP. Many of these have been the main contributors to this indicator. investments were supported by the VGBOs and The IVP improves the capacity of Victorian SMEs the regional offices. to innovate in order to achieve greater productivity and competitiveness. In 2013-14, 154 vouchers Major Projects were awarded to assist companies to develop new The department is responsible for the delivery products, processes and services through access to of complex, technically challenging and unique R&D services and improved innovation skills. The projects of state significance. In 2013-14 the MPN Program encourages SMEs to cooperate in department was delivering 13 projects with strategic areas of business and exploit opportunities a total state investment of $1.6 billion and a

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combined value of approximately $2.2 billion. cent of the statewide result. A total of 2,910 jobs BVO significantly exceeded expectations with These included the Melbourne Markets Relocation were created in regional Victoria in 2013-14 which nearly 1.2 million interactions compared to Project, Melbourne Park Redevelopment, Shrine: is over 45 per cent of the state total and an increase 736,000 in 2012-13. Galleries of Remembrance, Parkville Gardens, Kew from 1,937 jobs created in 2012-13. The Office of the Victorian Small Business Residential Services Project and the VEMTC. Projects approved under the Economic Commissioner also assists small and medium The highlights in 2013-14 were the delivery of the Infrastructure and Putting Locals First Programs businesses with dispute resolution and aims VEMTC and the continued progress on the Shrine: exceeded their targets for 2013-14, demonstrating to promote a competitive and fair operating Galleries of Remembrance Project ahead the calibre of projects put forward and increased environment for Victorian businesses. In 2013-14 of schedule. awareness of these programs through effective the office received a client satisfaction rating of stakeholder management. over 90 per cent exceeding its target of 80 per cent. MOG changes The proportion of business disputes presented to CREATE MORE OPPORTUNITIES As a result of MOG changes, the ‘energy and earth the Commissioner successfully mediated was over FOR VICTORIAN BUSINESSES TO 80 per cent in 2013-14 which also exceeded its resources’ and ‘regional development and regional GROW AND BECOME MORE cities’ outputs were transferred to the department PRODUCTIVE AND COMPETITIVE IN target of 75 per cent. in 2013-14. These outputs and their measures were THE GLOBAL MARKETPLACE aligned with the ‘Provide market intelligence and The indicators for this objective are ‘exports assistance to organisations to make it easy to invest facilitated’ and ’businesses engaged and assisted’. in Victoria’ objective for the 2013-14 financial year. The value of exports facilitated and imports Energy and Earth Resources replaced grew to $1.9 billion in 2013-14 compared Significant progress was made under the ALDP in to $1.55 billion in 2012-13 due to strong outcomes 2013-14. This program funds the development of from trade missions facilitated by the department in pre-commercial brown coal technologies to provide 2013-14, including four STMs (India, China, South- high-value energy products from Victoria’s vast East Asia, the Middle East and Turkey). The number coal reserves for both domestic and export markets. of businesses participating in export programs also The new projects will contribute $346 million to increased to 2,839 businesses in 2013-14 from the ‘new investments facilitated in regional 2,685 in 2012-13. Victoria’ measure. The department engaged with 13,000 businesses During the 2013-14 year, the department held 24 in 2013-14 exceeding the target of 12,000. stakeholder forums and community engagement New organisational arrangements led to an sessions compared to the target of 15 under the improvement in delivery during the second half ‘delivery of stakeholder engagement information of the financial year. forums’ output measure as part of the Clean Coal Business engagement builds close working Victoria work program. The increased number relationships with individual businesses to enable of sessions was to engage the community and the Government to better target support and tailor provide more information about the possible future responses to the specific needs of businesses to development of onshore natural gas including invest, grow and export. The department uses coal seam gas. the business intelligence collected from this During 2013-14, the department’s corporate engagement to work with firms to address enterprise objectives and performance measures structure level constraints, and work with other departments was reviewed to reflect the work under the energy and agencies to resolve more systemic issues. and resources output. This information also informs the department’s advocacy and policy advice in areas of regulation, Regional Development and Regional Cities infrastructure and labour and skills policy. RDV continues to implement the $1 billion RGF to Business Victoria Online (BVO) supports businesses drive investment and jobs in regional Victoria. In to save time and money on compliance, solve 2013-14 regional Victoria generated over $1 billion business problems and develop skills to help them of new investment, representing more than 40 per grow. In 2013-14, business interactions through

122 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

APPENDIX 4 OUTPUT GROUPS

As a result of MOG changes in April 2013: >> the ‘Energy and Resources’ and ‘Regional Development and Regional Cities’ outputs and output measures have been incorporated into the department’s output structure for 2013-14 and are reported against in the table below >> a performance measure relating to WoVG ICT has been incorporated into the department’s output structure for 2013-14 and is reported against in the table below >> a performance measure relating to industrial relations has been transferred to DTF. Note: The output costs below include Tourism Victoria and Film Victoria, and will not match with Note 2 of the Financial Statements which relate to the operations of the department only.

Output Group Performance Indicator Unit of Measure 2013-14 Target 2013-14 Actual EMPLOYMENT Quantity Businesses assisted with skills needs number 1,200 1,300

Higher than anticipated demand due to the announced closure of car makers in Victoria

Government Youth Employment Scheme (YES) – number 450 412 traineeships commenced

There was slightly lower than anticipated placement of YES trainees in some departments for a range of reasons including the availability of supervisors and organisational changes. Unused funds will be re-applied to future years to support additional trainees

Quality Proportion of skilled migrants working in nominated field per cent 70 73

Skilled Migration Victoria – client satisfaction with services provided per cent 85 85

Timeliness Skilled Migration Victoria – average processing time for state sponsorship applications working days 28 17

Applications are being processed faster due to efficiencies with information and communication technologies

Cost Total output cost $ million 15.3 11.1

The underspend in the Employment Output is primarily due to changes in the timing of payments across a number of initiatives but mainly the newer programs of Employment Start Up and Victorian Employment Solutions TOURISM AND MARKETING Quantity International marketing campaigns to position Victoria globally number 4 4

Number of visitors: domestic overnight number (million) 18.3 19.1

Number of visitors: international number (million) 1.9 2.0

Victoria had a higher number of visitors than anticipated from key markets such as China

Proportion of all international students studying in Victoria per cent 28 28.4

Visitor Expenditure: domestic $ billion 15 15.1

Visitor Expenditure: international $ billion 4.6 4.8

Visitor Expenditure: regional Victoria (domestic) $ billion 7.1 7.2

Visitor Expenditure: regional Victoria (international) $ million 370 316

This reduction primarily relates to a fall in expenditure from traditional western markets. Growing visitation to Victoria is from the eastern hemisphere markets who do not typically disperse into regional Victoria

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Output Group Performance Indicator Unit of Measure 2013-14 Target 2013-14 Actual TOURISM AND MARKETING CONT. Quality Value of media coverage generated: domestic $ million 20 21

Higher value than anticipated due to the online campaign RCT, and high-value television coverage including Paddock to Plate, Coast Australia, Sunrise and Today Show

Value of media coverage generated: International $ million 40 56.8

Higher value than anticipated due to the online campaign RCT and one-off, high-value broadcast opportunities in Korea, UK and Japan

Victoria’s share of domestics tourism advertising awareness among per cent 16 16.6 target markets: intrastate

Victoria’s share of domestics tourism advertising awareness among per cent 25 25 target markets: interstate

Cost Total output cost $ million 82.7 159.9

Higher than budget expenditure reflects funding received for major events activities such as Formula 1 Australian Grand Prix, Australian Open, theatre productions and other major events that were not included in the Tourism and Marketing Outputs published budget INNOVATION AND TECHNOLOGY Quantity Additional employment from production supported by Film Victoria number 2,100 8,339

Victorian producers secured finance for a greater number of projects than anticipated, enabling Film Victoria to support increased production and employment

Average number of monthly visits to vic.gov.au number 300,000 245,849

The lower than expected result reflects the removal of duplicate content which is now available on other government sites

Businesses provided with R&D assistance number 180 297

Greater than anticipated uptake of assistance primarily as a result of the Innovation and Technology Voucher Program

Companies linked to business networks number 300 691

Higher than anticipated due to the MPN Grants and the Innovation and Technology Voucher Program

Operational Infrastructure Support grants under management number 12 12

Value of film, television and digital media production supported by $ million 75 183.01 Film Victoria production

Victorian producers secured finance for a greater number of projects than anticipated, enabling Film Victoria to support increased production

Establishment or renewal of WoVG ICT contracts number 7 10

The number of government ICT contracts renegotiated was higher than expected, including software licensing and reseller arrangements

Quality Customer satisfaction with information services per cent 90 88.4 from Information Victoria

Cost Total output cost $ million 181.5 184.7 INVESTMENT ATTRACTION, FACILITATION AND MAJOR PROJECTS Quantity Jobs derived from investment facilitated number 4,250 6,301

Higher than anticipated due to a number of employment intensive facilitated investment projects, including in regional Victoria

Jobs derived from investment facilitated in regional Victoria number 800 2,910

Additional programs were facilitated through the Victorian Business Flood Recovery Fund and the Latrobe Valley Infrastructure and Industry Fund

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Output Group Performance Indicator Unit of Measure 2013-14 Target 2013-14 Actual INVESTMENT ATTRACTION, FACILITATION AND MAJOR PROJECTS CONT. New investments facilitated $ million 2,000 2,604

Higher than anticipated investments facilitated including high-value capital intensive projects relating to the health, transport and energy sectors

New investment facilitated in regional Victoria $ million 660 1,094

Higher than anticipated investments facilitated in regional Victoria, including two high-value capital intensive projects relating to the health and transport sectors

Number of major research and evaluation projects completed number 6 6

Quality Management of Major Projects Victoria projects complies with number 6:6 4:6 contracted scope*

* Assessment of performance for this measure reflects whether there has been any material variation to contracted scope from the start to the end of the financial year

Four out of six projects had minimal or no variation to contracted scope. Two projects had material variations to scope, both of which were agreed with the client. The contracted scope for the Melbourne Park Redevelopment - Western Precinct (stage one) has increased for works that have been requested and funded primarily by Melbourne and Olympic Parks Trust and Tennis Australia. The contracted scope for the Kew Residential Services Project was varied to exclude the Heritage Core site. The Heritage Core site will be returned to the state to undertake any further development

Management of Major Projects Victoria projects complies with number 6:6 3:6 contracted cost*

* Assessment of performance for this measure reflects any contracted cost variation greater than 5 per cent for projects from the start to the end of the financial year. A variance can occur if a project is delivered under or over budget

Three out of six projects had minimal or no variation to contracted cost. Three projects varied against contracted cost by five per cent or more. The contracted cost for the Shrine: Galleries of Remembrance has been reduced because some items included in the contract were not required. The contracted cost for the Melbourne Park Redevelopment - Western Precinct (stage one) has increased for works that have been requested and funded primarily by Melbourne and Olympic Parks Trust and Tennis Australia. Scope changes for the Kew Residential Services Project in 2012-13 and 2013-14 led to additional payments to be received by the state of $4.85 million and $4.3 million, primarily relating to development changes.

Melbourne Markets Relocation Project complies with scope, number 3:3 3:3 budget and time

Timeliness Management of Major Projects complies with contracted time* number 6:6 4:6

* Assessment of performance for this measure reflects any contracted time variation greater than 5 per cent for projects from the start to the end of the financial year. A variance can occur if a project is delivered early or late

Four out of six projects had minimal or variation to contracted time. Two projects varied contracted time by five per cent or more. The contracted completion date for the Shrine: Galleries of Remembrance was varied by being brought forward by 12 weeks, with the agreement of the client. The contracted timelines for the VEMTC Project were extended to the end of March 2014 to allow time for critical safety approvals and the purchase of critical fire training equipment. This extension did not cause any delay to the opening of the facility in June 2014

Cost Total Output Cost $ million 301.4 234.5

The underspend in the Investment Attraction, Facilitation and Major Projects Output is primarily due to a change in the timing of payments for the Investment Support Program and sales for the Kew Residential Services Redevelopment Project being extended into 2014-15. The costs associated with the sales will be incurred against this output in 2014-15

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Output Group Performance Indicator Unit of Measure 2013-14 Target 2013-14 Actual TRADE AND EXPORT FACILITATION Quantity Businesses participating in export programs number 2,400 2,839

Strong participation due to increased inbound and outbound missions

Value of exports facilitated and imports replaced $ million 1,500 1,909

Strong export outcomes were reported by companies participating in export activities

New exports facilitated in regional Victoria $ million 225 348

A number of investment projects facilitated had significant export outcomes

Quality Client satisfaction with export assistance offered per cent 85 97

A high-level of satisfaction was reported with both the services provided by the department and the outcomes from program participation

Cost Total output cost $ million 34.1 32.8 SMALL BUSINESS ASSISTANCE Quantity Number of business interactions with services provided by BVO number 750,000 1,199,854

Increased demand and search engine improvements to a responsive format made available on all devices

Number of businesses engaged with the department number 12,000 13,000

Contracting out of service provision resulted in a higher level of business engagement

Subscriptions to Small Business Victoria Update number 60,000 67,881

Growth in social media subscribers was higher than anticipated

Quality Client satisfaction of small business information, referral, mentoring per cent 90 87 service and business programs

Client satisfaction with Victorian Small Business Commissioner mediation service per cent 80 93.6

The high-level of client satisfaction achieved recognises the Victorian Small Business Commissioner’s high-quality, low-cost and timely dispute resolution process

Proportion of business disputes presented to the Victorian Small per cent 75 82.7 Business Commissioner successfully mediated

Mediation success rates vary due to the nature of the dispute mediated and are difficult to predict

Cost Total output cost $ million 32.6 28.7 The underspend in the Small Business Assistance Output is primarily due to changes in the timing of payments across a number of initiatives but mainly the Building Innovative Small Manufacturers and Success Map for Small Business Programs REGIONAL DEVELOPMENT AND REGIONAL CITIES Quantity Economic development, service delivery and community capacity number 140 162 projects funded

Higher than anticipated levels of demand largely due to increased awareness of RGF Programs, greater stakeholder engagement, and the successful development of investment proposals by experienced project proponents

Energy for the Regions Program: number of towns included number 8 1

One agreement was reached in 2013-14. The remaining seven towns were still subject to a tender process at the end of the financial year

Regional infrastructure projects approved by Minister number 100 166

Greater than expected level of interest due to increased awareness of RGF Programs, greater stakeholder engagement, and the successful development of investment proposals by experienced project proponents

Rural councils participating in Rural Councils Victoria network per cent 100 100

126 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

Output Group Performance Indicator Unit of Measure 2013-14 Target 2013-14 Actual REGIONAL DEVELOPMENT AND REGIONAL CITIES CONT. Quality Participant satisfaction with implementation of RDV programs per cent 80 80

Putting Locals First RGF projects recommended by Regional Development per cent 85 100 Committees approved for funding

The projects recommended by Regional Development Committees were of a high quality and resulted in an increase in the number of projects approved for funding

Regional councils participating at the Regional Victoria Living Expo per cent 80 100

Strong support of this event by local government in regional Victoria

Coordination and implementation of action within agreed per cent 100 100 performance targets: Transport Connections initiative

Timeliness Grants paid within the timeframe specified within the terms per cent 75 87.5 and conditions of the funding agreement: Local Government Infrastructure Program

A higher number of councils reported within agreed timelines

Cost Total output cost $ million 222.5 202.6

The underspend in the Regional Development and Regional Cities Output is primarily due to changes in the timing of payments associated with the RGF ENERGY AND RESOURCES Quantity Delivery of key milestones for PBSP per cent 100 100

Delivery of AMI Program in line with planned project milestones per cent 100 100

Exercise strategies for maintaining security of electricity and number 4 8 gas supply

Additional exercises were scheduled in the lead up to summer

Earth resource information packages released to industry covering the number 8 8 promotion of new geological data and regulatory guidance material

Major strategic policy briefings to government number 6 6

Delivery of stakeholder engagement information forums as part of the number 15 24 Clean Coal Victoria work program

An increased number of community engagement sessions were held in relation to onshore natural gas

Meetings of the AMI Ministerial Advisory Council conducted in number 4 4 accordance with terms of reference and strategic agenda

Strategic policy briefings on energy matters to portfolio minister number 180 178

Audits completed at mineral and petroleum sites on specific number 100 132 high-risk issues

An additional program of high-risk audits was undertaken in conjunction with the Victorian Environment Protection Agency

Environmental and compliance audits of critical minerals and number 60 60 petroleum sites completed

Minerals and petroleum licences, permits and authorities number 1,700 1,636 administered by the department

Technical Review Board to complete the review of stability reports for number 3 3 LaTrobe Valley coal mines

Quality Proportion of minerals and petroleum publications and packages per cent < 5 0 requiring post-release correction or recall

Exploration and mining licences which are not active per cent < 17.5 15

Number of mine stability audits number 3 3

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 127 04 APPENDICES

Output Group Performance Indicator Unit of Measure 2013-14 Target 2013-14 Actual ENERGY AND RESOURCES CONT. Timeliness Delivery of milestones facilitated in line with grant agreements for per cent 100 100 the brown coal R&D grants that form part of the Energy Technology Innovation Strategy (ETIS) initiative

Delivery of key milestones in line with Facilitating Low Emission Transition per cent 100 100 approved project plan

Facilitate delivery of milestones in line with grant agreements for the large scale per cent 100 0 Carbon Capture and Storage demonstration program

No grant agreements were in place because the feasibility phase of the CarbonNet Project was not completed. The scope of the future work program will be determined going forward

Facilitate delivery of milestones in line with grant agreements for ETIS Sustainable per cent 100 90 Energy programs

One sustainable energy project has experienced financing difficulties

Submissions to Environment Effects Statements (EES) for earth resource proposals per cent 100 100 completed according to EES panel timelines

Facilitate delivery of milestones for the feasibility stage of CarbonNet Project per cent 100 41.2

The change in the Federal Government resulted in a delay in the release of acreage by the Commonwealth and a delay in completing technical work packages

Facilitate delivery of the implementation plan of the CarbonNet geoscience per cent 100 50 evaluation program by 2014

The Appraisal Plan for the project requires further technical work based on advice from an independent expert

Facilitate delivery of milestones in line with grant agreements under ALDP per cent 100 100

Facilitate delivery of milestones in line with grant agreements under the Low per cent 100 0 Emission Energy Technologies (LEET) Program

No grant agreements have been executed for this program in 2013-14 reflecting the limited basis for new energy technology projects at this time

Minerals and petroleum exploration license applications not determined after per cent < 5 5 three months

Minor delays were due to migration of licence applications to a new database

Mining industry workplans not processed in one month per cent < 5 8

The processing delays were due to two complex industry workplans out of a total of 25

Mining licence applications not determined after four months per cent < 5 0

Earth resource geoscience data packages released to market in line with per cent > 95 100 agreed timetables

Cost Total output cost $ million 188.4 96.5

The underspend in the Energy and Resources Output reflects changes in the timing of payments particularly for the PBSP, CarbonNet and Energy Technology Innovation Strategy

128 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

APPENDIX 5 FINANCIAL REVIEW OF OPERATIONS AND FINANCIAL CONDITIONS

FIVE-YEAR FINANCIAL SUMMARY

2014 2013 2012 2011 2010

$’000 $’000 $’000 $’000 $’000

Revenue from Government 796,231 521,627 523,481 1,279,454 2,035,040

Total income from transactions 940,987 620,892 557,513 1,383,093 2,119,412

Total expenses from transactions (902,141) (606,088) (574,109) (1,389,807) (2,086,992)

Net result from transactions 38,846 14,804 (16,596) (6,714) 32,420

Net result for the period 33,924 11,010 (24,315) (7,557) 24,816

Net cashflow from operating activities 63,013 30,692 (14,166) (33,911) 20,061

Total assets 1,194,330 815,139 682,247 558,578 805,195

Total liabilities 138,856 84,749 71,224 69,027 152,082

Financial performance The department’s net result from transactions in 2014 was a surplus of $38.8 million compared with a surplus of $14.8 million in 2013. The surplus in 2014 is largely due to timing differences relating to trust income received in the year but the associated expenditure is planned for the following year. Total income from transactions increased by $320.1 million from the prior year as a result of the incoming RDV and Energy and Earth Resources functions. In addition, there were increased sales for the Kew Residential Services Project and trust income. Total expenses from transactions increased by $296.1 million from the prior year as a result of the incoming portfolios mentioned above. Consistent with the increase in revenue, for the Kew Residential Services Project there was an increase in the cost of sales. Total assets increased by $379.2 million mainly due to an increase in cash deposits associated with the RGF that came across with the RDV functions. There was also an increase in property, plant and equipment, land acquisitions and expenditure on the Melbourne Markets Relocation Project. Total liabilities increased by $54.1 million mainly due to an increase in trade creditors and employee entitlements, reflecting the larger size of the department.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 129 04 APPENDICES

APPENDIX 6 GRANTS AND RELATED ASSISTANCE

As in previous years, the department has provided assistance to companies and organisations. Financial assistance provided in 2013-14 was as follows:

INVESTMENT AND INDUSTRY-RELATED GRANTS The department’s investment attraction activities include facilitative and financial assistance. In 2013-14, financial assistance of $44.5 million was granted to the companies and organisations listed below. Note: Details of individual investment grant payments have not been disclosed, as they are deemed commercial-in-confidence.

AEROSPACE AUSTRALIA LIMITED METCASH TRADING LIMITED AIRSTEP AUSTRALIA PTY LTD NATIONAL ICT AUSTRALIA LTD AL-KO INTERNATIONAL PTY LIMITED NESTLE AUSTRALIA LIMITED ALCOA OF AUSTRALIA LIMITED NINE MILE FRESH PTY LTD AUSTRALIAN FURNITURE ASSOCIATION INC PARWAN VALLEY MUSHROOMS PTY LTD BRUCK TEXTILE TECHNOLOGIES PTY LTD QENOS PTY LTD BRUCK TEXTILES PTY LTD SHINE (AUST) PTY LTD COTTON ON CLOTHING PTY LTD SILVERSTRIPE AUSTRALIA PTY LTD CSL LIMITED SPC ARDMONA LIMITED DANONE MURRAY GOULBURN PTY LIMITED THALES AUSTRALIA LIMITED DEPARTMENT OF INDUSTRY INNOVATION SCIENCE THE ROYAL AGRICULTURAL SOCIETY RESEARCH AND TERTIARY EDUCATION VICTORIA OF VICTORIA LIMITED FILM VICTORIA THE SILVER LINING CONSULTING GROUP PTY LTD FONTERRA AUSTRALIA PTY LTD TIGER AIRWAYS AUSTRALIA PTY LIMITED FORD MOTOR COMPANY OF AUSTRALIA LIMITED TOYOTA MOTOR CORPORATION AUSTRALIA LTD GEORGE WESTON FOODS LTD UNIVERSITY OF BALLARAT HELLA AUSTRALIA PTY LTD UNIVERSITY OF MELBOURNE HOFMANN ENGINEERING PTY LTD VISTAPRINT AUSTRALIA PTY LTD IBM AUSTRALIA LTD WAGSTAFF CRANBOURNE PTY LTD INTERACTIVE PTY LIMITED WESTPAC BANKING CORPORATION LUMA PICTURES PTY LTD WINE AUSTRALIA CORPORATION MELBOURNE FOOD & WINE EVENTS LTD

130 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

ENERGY AND EARTH RESOURCES GRANTS BUSINESS DEVELOPMENT PROGRAM - GROW YOUR BUSINESS Grant payments totalling $7.1 million were made to companies and organisations in 2013-14 under 2SL PTY LTD $11,500 the department’s ETIS Future Energy 2 Sustainable AIRPORT DOORS $10,000 Energy, LEET and Solar Systems Stage 2 grants. AQUEOUS SOLUTIONS PTY LTD $11,500

These grants are detailed below. ASSETIC AUSTRALIA PROPRIETARY LIMITED $7,500

ETIS FUTURE ENERGY 2 SUSTAINABLE ENERGY AUSFORK PTY LTD $7,500 AUSTRALIAN EATWELL PTY LTD $7,500 BIOPOWER SYSTEMS PTY LTD $722,639 AUSTRALIAN FINE FOODS PTY LTD $4,000 CETUS ENERGY PTY LTD $167,958 AUSTRALIAN FOOD INDUSTRIES PTY LTD $3,900 CO2CRC LIMITED $250,000 AUSTRALIAN FRESH LEAF HERBS PTY LTD $3,750 HOT DRY ROCKS PTY LTD $10,000 AUSTRALIAN GRAIN SYSTEMS PTY LTD $4,000 MACH SYSTEMS PTY LTD $60,000 AUSTRALIAN WASTE MANAGEMENT PTY LTD $11,450 MIL-SYSTEMS PTY LTD $285,000 BIBER FOODS GROUP PTY LTD $4,000 MONASH UNIVERSITY $143,431 BIRK SOLUTIONS PTY LTD $11,500 RAYGEN RESOURCES PTY LTD $250,000 BOOSEY CREEK CHEESE PTY LTD $10,475 SPECIALTY COATINGS (AUST) PTY LTD $400,000 BREAZE ENTERPRISES PTY LTD $3,750 UNIVERSITY OF MELBOURNE $1,302,518 BRIMBANK CITY COUNCIL $15,000 TOTAL $3,591,546 BRUNTON ENGINEERING & CONSTRUCTION PTY LTD $3,675 LEET BUSY BEE BRUSHWARE PTY LTD $2,100 BROWN COAL INNOVATION AUSTRALIA LIMITED $550,000 BUTTERFLY INTERNET PTY LTD $11,114 TOTAL $550,000 CADOPEN PTY LIMITED $11,500

SOLAR SYSTEMS STAGE 2 CITY OF WHITTLESEA $13,500 CLOYNE HOLDINGS PTY LTD $10,223 SOLAR SYSTEMS PTY LTD $3,000,000 COMPLETE WORKWEAR SERVICES PTY LTD $7,500 TOTAL $3,000,000 COULSON TILES PTY LTD $4,000

INNOVATION SERVICES, SMALL BUSINESS CRAWFORD CONTAINERS PTY LTD $7,500 AND TECHNOLOGY GRANTS DAL ZOTTO WINES PTY LTD $3,000

Grant payments totalling $59.3 million were made EARTH SYSTEMS CONSULTING PTY LTD $7,500 to companies and organisations in 2013-14 under EDDINGTON ENGINEERING PTY LTD $11,250 the department’s various innovation services, small business and technology programs. These grants GRAMPIANS TOURISM BOARD INC $4,500 are detailed below. GREATER BENDIGO CITY COUNCIL $13,500 GRIGSBY'S FOUNDRY PTY LTD $11,500 AGENDA FOR NEW MANUFACTURING HAND ON INDUSTRIES PTY LTD $4,000 MELBOURNE CITY COUNCIL $75,000 HELDON PRODUCTS AUSTRALIA PTY LTD $11,500 VCAMM LIMITED $900,000 HOBSONS BAY CITY COUNCIL $15,000 TOTAL $975,000 HUME CITY COUNCIL $22,500

INDUSTRIAL BRUSHWARE PTY LTD $11,500 AWARENESS - SCIENCE AND COMMUNITY J V ORCHARDS PTY LTD $11,438 AUSTRALIAN SCIENCE MEDIA CENTRE INC $33,000 JOHN B MASSON & ASSOCIATES PTY LTD $7,500 VESKI $336,000 KINGSTON CITY COUNCIL $10,500 TOTAL $369,000 KJ INNOVATIONS PTY LTD & RJ INNOVATIONS PTY LTD $11,500

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 131 04 APPENDICES

BUSINESS DEVELOPMENT PROGRAM - BUSINESS DEVELOPMENT PROGRAM - GROW YOUR BUSINESS CONT. GROW YOUR BUSINESS CONT. KLT CONSULTING PTY LTD $4,000 VANLITE PTY LTD $7,500

KLUWELL PUBLICATIONS PTY LTD $11,500 VICTORIA UNIVERSITY $9,000

KNOX CITY COUNCIL $15,000 WASTE WISE ENVIRONMENTAL PTY LTD $11,500

LANEY CONSTRUCTIONS PTY LTD $3,975 WATERSHED COMMERCIAL ROOFING PTY LTD $3,000

LATROBE CITY COUNCIL $7,500 WATTLE ORGANIC FARMS PTY LTD $5,000

M N & L M PETERSON $10,525 WHITEHORSE CITY COUNCIL $12,000

MEDIATEN EUROPE CO PTY LTD $8,750 WICKED WITCH SOFTWARE PTY LTD $6,750

MELBOURNE CPAP SERVICES PTY LTD $3,750 WIMMERA DEVELOPMENT ASSOCIATION INCORPORATED $13,500 MELTON CITY COUNCIL $10,500 WYNCORP PTY LTD $3,636 MILDURA DEVELOPMENT CORPORATION INC $5,740 WYNDHAM CITY COUNCIL $15,000 MILLS GLASS PTY LTD $4,000 Y V FRESH PTY LTD $11,500 MOONEE VALLEY CITY COUNCIL $15,000 YARRA CITY COUNCIL $28,500 MORELAND CITY COUNCIL $13,500 YARRA RANGES SHIRE COUNCIL $9,000 MORGAN TECHNICAL CERAMICS AUSTRALIA PTY LIMITED $7,500 ZIPTALES PTY LTD $11,500

MUM'S CHIPS COMPANY PTY LTD $7,500 TOTAL $828,226

NATURE LINKS LANDSCAPE MANAGEMENT PTY LTD $4,000 BIOMEDICAL RESEARCH NETEC INDUSTRIES PTY LTD $7,500 BAKER IDI HEART AND DIABETES INSTITUTE NILLUMBIK SHIRE COUNCIL $13,500 HOLDINGS LIMITED $3,476,606

NWO GROUP PTY LTD $4,000 CENTRE FOR EYE RESEARCH AUSTRALIA LIMITED $1,018,500

OMEGA SECURITY SOLUTIONS $4,000 LUDWIG INSTITUTE FOR CANCER RESEARCH LTD $1,320,789

PLANT PERFORMANCE GROUP PTY LTD $7,500 MONASH UNIVERSITY $1,131,440

PNEUVAY ENGINEERING PTY LTD $11,500 MURDOCH CHILDRENS RESEARCH INSTITUTE $3,283,590

R F INDUSTRIES PTY LTD $11,500 O'BRIEN INSTITUTE $284,711

RUSBRO HOLDINGS PTY LIMITED $3,975 PRINCE HENRY'S INSTITUTE OF MEDICAL RESEARCH $1,083,163 SELECTRIX INDUSTRIES PTY LTD $11,500 ST.VINCENT'S INSTITUTE OF MEDICAL RESEARCH $1,540,854 SHAKANDA AUSTRALIA PTY LTD $11,500 THE BIONICS INSTITUTE OF AUSTRALIA $400,352 SHAPE SHOPFITTERS PTY LTD $4,000 THE FLOREY INSTITUTE OF NEUROSCIENCE AND SHARAMUDDI PTY LTD $3,750 MENTAL HEALTH $3,279,734

SHEOAK TRADING PTY LTD $11,500 THE MACFARLANE BURNET INSTITUTE FOR MEDICAL RESEARCH AND PUBLIC HEALTH LTD $3,398,754 SMARTECH DOOR SYSTEMS PTY LTD $4,000 THE WALTER AND ELIZA HALL INSTITUTE OF SOUTHERN CROSS RECYCLING GROUP PTY LTD $7,500 MEDICAL RESEARCH $5,635,439

SOUTHERN PROCESSING PTY LTD $12,000 TOTAL $25,853,932 SOUTHERN SPREADERS PTY LTD $4,000 SPARKZ INVESTMENTS PTY LTD $3,750 BIOTECHNOLOGY SWANBUILD PTY LTD $7,500 ADALTA PTY LTD $8,000

SYNETEK SYSTEMS PTY LTD $11,250 AKAAL PHARMA PTY LTD $2,500

TECWEIGH PTY LTD $7,500 ALFRED HEALTH $2,690,000

TRI-TECH CHEMICAL CO PTY LTD $11,000 ANATOMICS PTY LTD $2,500

UNIFRAX AUSTRALIA PTY LTD $7,500 ARRAYWARE PTY LTD $5,500

UNITED STAR RESOURCE PTY LTD $11,250 AUSBIOTECH LTD $10,000

132 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

BIOTECHNOLOGY CONT. BIOTECHNOLOGY CONT. AUSTIN HEALTH $20,000 MEDICINES DEVELOPMENT LIMITED $2,500

AUSTRALIAN SPORTS TECHNOLOGIES NETWORK MICRONISERS AUSTRALASIA PTY LTD $2,237 LTD $2,500 MINIFAB (AUST) PTY LTD $16,000 AXXIN PTY LTD $14,574 NEXVET BIOPHARMA PTY LTD $16,000 BIO 21 AUSTRALIA LIMITED $432,456 NPLEX PTY LTD $2,500 BIO NOVA INTERNATIONAL PTY LTD $8,000 NUCLEUS NETWORK LIMITED $5,000 BIOCONSULT PTY LTD $3,000 PENINSULA HEALTH $1,345,000 BIODIEM LTD $5,000 PETER MACCALLUM CANCER INSTITUTE $20,000 BIOMEDTECH AUSTRALIA PTY LTD $20,032 PHARMACEUTICAL PACKAGING PROFESSIONALS BIOMELBOURNE NETWORK INC $2,500 PTY LTD $2,500

BIOSYNERGY PARTNERS PTY LTD $2,500 POLYACTIVA PTY LTD $3,000

BORON MOLECULAR PTY LIMITED $8,000 PRANA BIOTECHNOLOGY LTD $2,500

CANCER THERAPEUTICS CRC PTY LTD $147,050 RAMSEY COOTE HEALTHCARE PTY LTD $6,218

CECAP PTY LTD $2,500 SENZ ONCOLOGY PTY LTD $3,000

CELL CARE AUSTRALIA PTY LTD $2,500 SGA SOLUTIONS PTY LTD $3,000

CERES ONCOLOGY PTY LTD $2,500 SIENNA CANCER DIAGNOSTICS LIMITED $2,500

CIRCA GROUP PTY LTD $6,499 SPINIFEX PHARMACEUTICALS PTY LTD $3,000

CIRCADIAN TECHNOLOGIES LIMITED $2,500 STARPHARMA PTY LTD $6,000

CLINUVEL PHARMACEUTICALS LIMITED $3,000 SYNTHESIS MED CHEM PTY LTD $2,500

COGSTATE LTD $2,500 SYPHARMA PTY LTD $2,500

COMPUTIST BIO-NANOTECH PTY LTD $7,309 TELEZON LIMITED $10,729

DENTAL HEALTH SERVICES VICTORIA $1,325,000 THE ENTERPRISE EVOLUTION GROUP PTY LTD $2,500

DIAMOND OPTICS PTY LTD $2,444 VERVA PHARMACEUTICALS LIMITED $3,000

DRAWBRIDGE PHARMACEUTICALS PTY LTD $3,000 V-PATCH MEDICAL SYSTEMS 1 PTY LTD $2,500

EASTERN HEALTH $20,000 TOTAL $6,361,530

ELK ORTHOBIOLOGICS LIMITED $3,000

ENDOGENE LTD $7,500 CARBON MARKETS

EUSTRALIS PHARMACEUTICALS LTD $3,000 CARBON MARKET INSTITUTE LIMITED $324,157

EVADO PTY LTD $8,000 CLIMATE CHANGE AUTHORITY $316,360

FAIRMONT MEDICAL PRODUCTS PTY LIMITED $12,000 TOTAL $640,517

FIBROTECH THERAPEUTICS PTY LTD $2,500 COLLABORATIVE NETWORKS FOR HEALTH MEDIA GROUP PTY LTD $2,005 TECHNOLOGY TRANSFER HEPSEEVAX PTY LTD $2,500 DAIRY INNOVATION AUSTRALIA LIMITED $80,000

HOFESH ENTERPRISES PTY LTD $2,500 TOTAL $80,000 IDT AUSTRALIA LIMITED $50,000 IMMURON LIMITED $2,500 CONNECTING VICTORIA INGENEUS PTY LTD $2,500 $30 DATE NIGHT PTY LTD $5,000

INTELLIMEDICAL TECHNOLOGIES PTY LTD $2,500 121CAST PTY LTD $5,000

INTELLIRAD SOLUTIONS PTY LTD $20,000 1440 PRODUCTIONS PTY LTD $5,000

IT HEALTH & WELLNESS PTY LTD $2,500 199NFORM PTY LTD $16,000

LARGOS SERVICES PTY LTD $1,977 ADILAM TECHNOLOGIES PTY LTD $1,754

MEDICAL DEVELOPMENTS INTERNATIONAL LTD $8,000 ADWEB PTY LTD $7,839

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 133 04 APPENDICES

CONNECTING VICTORIA CONT. CONNECTING VICTORIA CONT. AGENT ORIENTED SOFTWARE PTY LTD $2,464 EQUEUE PTY LTD $9,000

AIR-RADIATORS PTY LTD $42,350 F E TECHNOLOGIES PTY LTD $8,949

ANALYTICAL SYSTEMS PTY LTD $4,751 FABRIC GROUP PTY LTD $2,411

ANTEVO PTY LTD $2,500 FC SOFTWARE SOLUTIONS PTY LTD $10,000

ATOMIC MEDIA PTY LTD $5,000 FELSTEAD ENTERPRISES PTY LTD $2,330

AUSTRALIAN INFORMATION INDUSTRY FERNSTAR PTY LTD $7,014 ASSOCIATION LIMITED $80,000 FMEVOLUTION PTY LTD $1,839 AUSTRALIAN INTERACTIVE MEDIA INDUSTRY ASSOCIATION INC $35,000 FOCUS SEARCH PTY LTD $2,500

AVARA TECHNOLOGIES PTY LTD $5,000 GAZUNTI PTY LTD $2,500

BESTRANE GROUP PTY LTD $2,500 GENIX VENTURES PTY LTD $7,500

BIG ANT STUDIOS PTY LTD $2,500 GEOMANTIA PTY LTD $2,500

BIONIC CORPORATION PTY LTD $2,500 GLOBAL XCHANGE PTY LTD $5,000

BIZ CATALYST PTY LTD $2,500 GRAPPLE GUN GAMES PTY LTD $2,446

BJA CONSULTING PTY LTD $2,474 HUMAN EDGE SOFTWARE CORPORATION PTY LIMITED $2,469 BLACKCOMPASS SOFTWARE PTY LTD $4,000 IMPROMPTU GAMES PTY LTD $2,500 BLUEDOG PRODUCTIONS (VIC) PTY LTD $5,000 INDUSTRY POWER PTY LTD $121,570 BLUEFISH TECHNOLOGIES PTY LTD $18,500 INFERENCE SOLUTIONS PTY LTD $8,000 BOGAN ENTERTAINMENT SOLUTIONS PTY LTD $2,500 INLIGHT MEDIA PTY LTD $2,500 BRAWSOME PTY LTD $2,500 INOMIAL PTY LTD $2,500 BSI ENTERPRISE PTY LTD $2,500 IPCOMPUTE PTY LTD $6,755 C8APPS PTY LTD $5,605 J R SYSTEMS PTY LTD $15,398 CAPTURE PLAN PTY LTD $8,000 JAIRUS PTY LTD $2,500 CARCLOUD PTY LTD $8,000 JIGXOR PTY LTD $2,500 CAREMONKEY PTY LTD $2,500 KAILO MEDICAL PTY LTD $8,000 CASHTIVITY PTY LTD $4,000 KANGAN BATMAN INSTITUTE OF TAFE $5,000 CATERRA PTY LTD $10,788 KINGFISHER INTERNATIONAL PTY LTD $8,000 CHECKBOX STUDIOS PTY LTD $2,500 KINGSTON CITY COUNCIL $150,000 CLARINOX TECHNOLOGIES PTY LTD $12,318 KUMOBIUS PTY LTD $4,756 CLICKTIX PTY LTD $2,500 LABRAT AUSTRALIA PTY LTD $7,500 CLOUDKEY TECHNOLOGIES PTY LTD $7,471 LEAGUE OF GEEKS PTY LTD $4,488 COINJAR PTY LTD $5,012 LEOOP PTY LTD $3,737 COMMANDFUSION PTY LTD $10,000 LIST FACTORY PTY LTD $2,500 CORNERSTONE SOLUTIONS PTY LTD $2,500 LIVESTOCK SALEYARDS ASSOCIATION OF CURRENT STUDIOS PTY LTD $11,875 VICTORIA INCORPORATED $98,000

CYBERDYNE PTY LTD $2,500 LOVESHACK ENTERTAINMENT PTY LTD $5,000

DIGITAL EDUCATION SERVICES PTY LTD $5,000 MAGIAN MEDIA STUDIO PTY LTD $8,000

DIGITALL PTY LTD $2,500 MCOMMS DESIGN PTY LTD $2,500

DIME STUDIOS PTY LTD $1,905 MEDIA EQUATION PTY LTD $2,500

E LEX RATIO PTY LTD $2,500 MEDIA SAINTS PTY LTD $1,676

ELLISON DESIGN PTY LTD $2,500 MEDIAPROXY PTY LTD $20,360

EMBROSS GROUP PTY LTD $10,000 MEYLA PTY LTD $2,500

EMERGENCY WARNING SYSTEMS PTY LTD $2,500 MIGENIUS PTY LTD $5,000

ENITIATIVES.COM PTY LTD $8,000 MILLIPEDE CREATIVE DEVELOPMENT PTY LTD $2,500

134 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

CONNECTING VICTORIA CONT. CONNECTING VICTORIA CONT. MINDATLAS PTY LTD $5,000 SILVERSTRIPE AUSTRALIA PTY LTD $40,000

MMGN.COM PTY LTD $2,481 SOUND LIBRARIAN PTY LTD $2,500

MONEY 101 - MONEY FOR LIFE PTY LTD $12,000 SOURCEDYNAMIX ASIA PACIFIC PTY LTD $2,500

MY LIFESTYLE REMOTE PTY LTD $2,500 SPACE DUST STUDIOS PTY LTD $2,500

MY MEDIA INTERNATIONAL PTY LTD $2,364 SPINIFEX IT GLOBAL PTY LTD $8,000

NEW MEDIA INNOVATION PTY LTD $2,500 STARTUPVIC LIMITED $50,000

NOVATTI PTY LTD $16,000 STOPMOTIONPRO PTY LTD $3,371

NSYNERGY OSC PTY LTD $4,000 STRAIGHT RIGHT PTY LTD $2,500

OPERATIONS & MAINTENANCE CONSULTING SUN MOON INVESTMENTS PTY LTD $5,000 SERVICES PTY LTD $8,000 SURPRISE ATTACK PTY LTD $14,911 OPTIMISING PTY LTD $2,500 SYNETEK SYSTEMS PTY LTD $2,500 OPTOTECH PTY LTD $7,500 SYPAQ SYSTEMS PTY LTD $2,500 OUTTRIPPIN PTY LTD $7,975 TABLO PTY LTD $6,016 OZIRIG PROPRIETARY LTD $6,209 TANTALUS MEDIA PTY LTD $5,000 PACE MARKETING PTY LTD $2,500 TECHNOLOGY CORE PTY LTD $2,500 PARCUS GROUP PTY LTD $2,500 TECHS4BIZ AUSTRALIA PTY LTD $2,500 PEPPERSTACK PTY LTD $2,500 THE CONVERSATION MEDIA GROUP LIMITED $50,000 PERCEPSCION PTY LTD $6,500 THE LOFT GROUP PTY LTD $2,197 PHM TECHNOLOGY PTY LTD $8,450 THE MASTERMIND GROUP PTY LTD $2,500 PIXEL PICKLE GAMES PTY LTD $2,500 THE ONLINE CIRCLE PTY LTD $2,500 PODZY PTY LTD $2,500 THE VOXEL AGENTS PTY LTD $2,500 POLICE DEPARTMENT (VIC) $120,000 THREE SPROCKETS PTY LTD $4,000 PORTABLE AUSTRALIA PTY LTD $5,000 TORUS GAMES PTY LTD $5,000 PORTERFIELD PTY LTD $2,500 TRAINSEM PTY LTD POZIBLE PTY LTD $2,500 $2,494

PRECISION SYSTEMS INTERNATIONAL IP PTY LTD $2,500 TWIITCH PTY LTD $7,500

PROCEPT PTY LTD $2,500 TWO BULLS HOLDINGS PTY LTD $2,500

PROFESSIONAL SERVICES CHAMPIONS LEAGUE UMBRELLA ENTERTAINMENT PTY LTD $2,500 PTY LTD $4,000 UNITYHEALTH PTY LTD $2,500 QMCODES PTY LTD $2,500 UNIVERSITY OF MELBOURNE $5,103 QUALISTAFF PTY LTD $2,500 VASTPARK PTY LTD $2,500 RECTIFIER TECHNOLOGIES PACIFIC PTY LTD $7,500 VICTORIAN PARTNERSHIP FOR ADVANCED REVELATION SOFTWARE CONCEPTS PTY LTD $24,000 COMPUTING LIMITED $2,500

ROBOT CIRCUS PTY LTD $2,500 WEB IP PTY LTD $4,000

ROME2RIO PTY LTD $10,500 WEBCASTING PTY LTD $2,500

RUBBER MUSIC PTY LTD $2,500 WICKED WITCH SOFTWARE PTY LTD $4,000

S P KEASEY TRADING CO PTY LTD $2,500 X-COMPANY PTY LTD $2,500

SAFE SLEEP SPACE PTY LTD $1,656 XDT PTY LTD $8,000

SASS MEDIA PTY LTD $7,500 XELON ENTERTAINMENT PTY LTD $5,000

SENTIENT VISION SYSTEMS PTY LTD $8,000 XENON SYSTEMS PTY LTD $5,000

SETAWAY PTY LTD $7,500 YTEK PTY LTD $4,000

SHAKER & ASSOCIATES PTY LTD $5,000 ZOOMORPHIX SYSTEMS PTY LTD $8,000

SHINY PTY LTD $196,000 TOTAL $1,785,531

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 135 04 APPENDICES

CO-OPERATIVE RESEARCH CENTRES (CRC) EXPORT VICTORIA SUPPORT PROGRAM COUNTRY CUISINE (AUST) PTY LTD $2,498 ADVANCED MANUFACTURING CRC LIMITED $38,000 TOTAL $2,498 CANCER THERAPEUTICS CRC PTY LTD $38,000

COMMONWEALTH SCIENTIFIC AND INDUSTRIAL GENERAL GRANTS FUNDING RESEARCH ORGANISATION $4,313 LAKE TYERS ABORIGINAL TRUST $138,000 HEARING CRC LTD $8,000 MONASH UNIVERSITY $190,909 ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY $15,000 TOTAL $328,909 UNIVERSITY OF MELBOURNE $15,000

UNIVERSITY OF SOUTH AUSTRALIA $8,000 ICT SKILLS TOTAL $126,313 COMMUNICATIONS AND INFORMATION TECHNOLOGY TRAINING LIMITED $27,273 DESIGN SECTOR STRATEGY TOTAL $27,273 ALLORI PTY LTD $2,500

AUTOMOTIVE PERFORMANCE SOLUTIONS INDUSTRY CAPABILITY NETWORK PTY LTD $2,500 INDUSTRY CAPABILITY NETWORK (VICTORIA) BROACHED COMMISSIONS PTY LTD $8,000 LIMITED $1,926,208

BURY CONSULTING PTY LIMITED $3,924 TOTAL $1,926,208 COBALT NICHE DESIGN PTY LTD $10,000

CRUMPLER PTY LTD $18,000 INFORMATION VICTORIA GENERAL PURPOSE TRUST D P MENG PTY LTD $1,958 ACCOUNT

DEAKIN UNIVERSITY $6,975 SPATIAL INDUSTRIES BUSINESS ASSOCIATION LIMITED $20,000 DENIM 108 PTY LTD $5,000 THE ROYAL AGRICULTURAL SOCIETY OF VICTORIA EMILY KATE DOIG $4,440 LIMITED $30,000

FEDERATION UNIVERSITY AUSTRALIA $7,500 TOTAL $50,000

GREAT EIGHT PTY LTD $10,000

INCLUSIVE DESIGN SERVICES $2,500 INNOVATION AND TECHNOLOGY PROJECTS

LIFE WITH BIRD PTY LTD $8,000 3D MEASUREMENT SERVICES $10,000

MAGIAN DESIGN STUDIO PTY LTD $16,000 ABSOLUTELY POSITIVE PTY LTD $7,500

MEDIATEN EUROPE CO PTY LTD $7,500 ACCELEON PTY LTD $50,000

MONASH UNIVERSITY $20,388 ADALTA PTY LTD $50,000

NAOMI MILGROM FOUNDATION $100,000 ADVANCED MANUFACTURING CRC LIMITED $1,650

OUTER SPACE DESIGN GROUP PTY LTD $2,500 ADVANCED MOLECULAR TECHNOLOGIES PTY LTD $50,000

RIPE MATERNITY WEAR PTY LTD $10,000 ALTRUTEC PTY LTD $10,000

ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY $22,410 ARRAYWARE PTY LTD $20,000

SURPLLUS PTY LTD $2,500 AUSPEP PTY LTD $2,155

SWINBURNE UNIVERSITY OF TECHNOLOGY $22,738 AUSTRALIAN DESIGN LAB $11,800

THE LOFT GROUP PTY LTD $2,500 BAYLY GROUP PTY LTD $50,000

WILDING NOMINEES PTY LTD $2,500 BERRY DESIGN PTY LTD $15,000

TOTAL $300,333 BITC $20,169 BLU OAK PTY LTD $6,000 EGOVERNMENT INNOVATION FUND TRUST BSI SERVICES PTY LIMITED $50,000 DEPARTMENT OF JUSTICE VICTORIA $337,500 CHURCHILL ATTORNEYS $3,600

TOTAL $337,500 CIRCA GROUP PTY LTD $50,000

136 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

INNOVATION AND TECHNOLOGY PROJECTS CONT. INNOVATION AND TECHNOLOGY PROJECTS CONT. CLARINOX TECHNOLOGIES PTY LTD $10,000 MOONTIDE PTY LTD $50,000

COBALT NICHE DESIGN PTY LTD $25,000 NATIONAL ICT AUSTRALIA LIMITED $25,000

COMMONWEALTH SCIENTIFIC AND INDUSTRIAL NBS DIGITAL PTY LTD $18,000 RESEARCH ORGANISATION $210,000 NET BALANCE MANAGEMENT GROUP PTY LTD $10,000 CTQ MANAGEMENT SERVICES $26,750 NEWCASTLE INNOVATION LIMITED $18,380 D S DESIGN PTY LTD $12,500 OUTER SPACE DESIGN GROUP PTY LTD $27,800 DATA STORAGE SOLUTIONS PTY LTD $21,840 PLANET INNOVATION PTY LTD $344,000 DAVIES COLLISON CAVE LAW PTY LTD $25,000 POLAR BEAR ENTERPRISE PTY LTD $25,000 DEAKIN UNIVERSITY $25,000 PROCEPT PTY LTD $75,000 DIEFFENBACHER GMBH $50,000 PRODUCTION STAMPING CO PTY LTD $5,000 DIUS COMPUTING PTY LTD $50,000 PYKSIS PTY LIMITED $60,000 DOUGLAS P DUKE $12,175 REACTIVE MEDIA PTY LTD $50,000 DUXTEL PTY LTD $5,000 ROBERT JEFF RYAN $15,000 ESTHER STAMATOULA APOS $25,000 ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY $232,273 EXEMPLAR TECHNOLOGIES PTY LTD $25,000 RSJ ENGINEERING PTY LTD $6,000 FABRICS AND COMPOSITES SCIENCE AND TECHNOLOGIES $25,000 SCAN XPRESS PTY LTD $25,000

GHD PTY LTD $50,000 SHEPPARTON DISTILLERIES PTY LTD $50,305

GLOBAL VISIONEERING PTY LTD $25,000 SPLAT CONTROLS PTY LTD $50,000

GP GRADERS (VICTORIA) PTY LTD $50,000 SUCCESSFUL ENDEAVOURS PTY LTD $25,000

GREY INNOVATION PTY LTD $150,000 SWINBURNE UNIVERSITY OF TECHNOLOGY $218,000

HYDRIX PTY LTD $50,000 SYNCHROTRON LIGHT SOURCE AUSTRALIA PTY LTD $10,000 IDEATION PTY LTD $25,000 TELFORD SMITH ENGINEERING PTY LTD $144,678 INGENEUS PTY LTD $50,000 THE UNIVERSITY OF NEW ENGLAND $24,000 INITIAL CONCEPT ENGINEERING INDUSTRIES PTY LTD $25,000 TREADSTONE ENTERPRISES PTY LTD $110,000

INNOVATION MANAGEMENT CONSULTANTS UNIQUE MICRO DESIGN PTY LTD $50,000 PTY LTD $18,000 UNIVERSITY OF BALLARAT $10,000 INSIGHT ENGINEERING AUSTRALIA PTY LTD $74,831 UNIVERSITY OF MELBOURNE $65,420 INVENTIUM PTY LTD $56,791 UOM COMMERCIAL LTD $5,000 INVOLVE AUDIO PTY LTD $49,600 VATIVE PTY LTD $57,500 KIANDRA IT PTY LTD $23,813 VCAMM LIMITED $25,000 KMH ENVIRONMENTAL ENGINEERING PTY LTD $16,000 VIKING PLASTICS ENGINEERING PTY LTD $4,216 KOBE CREATIONS $25,000 WAVE DIGITAL PTY LTD $45,432 LA TROBE UNIVERSITY $116,656 WHEEZYTECH PTY LTD $24,816 LABTAM PTY LTD $49,000 XHTMLIZED PTY LTD $25,000 LEAP AUSTRALIA PTY LTD $30,000 TOTAL $4,218,745 LOGICALTECH DIGITAL PTY LTD $39,356 M MURRAY AND ASSOCIATES PTY LTD $4,500 MOVIEXPERIENCE MELBOURNE TESTING SERVICES PTY LTD $11,040 AUSTRALIAN CENTRE FOR THE MOVING IMAGE $20,000

MINIFAB (AUST) PTY LTD $216,154 TOTAL $20,000 MJS CONTROL SYSTEMS $10,000

MONASH UNIVERSITY $166,045

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 137 04 APPENDICES

OFFICE OF THE LEAD SCIENTIST SKILLS FOR GROWTH CONT. COMMONWEALTH SCIENTIFIC AND INDUSTRIAL HINDMARSH SHIRE COUNCIL $9,000 RESEARCH ORGANISATION $40,000 HORSHAM RURAL CITY COUNCIL $9,000 TOTAL $40,000 INDIGO SHIRE COUNCIL $10,000

KINGSTON CITY COUNCIL $10,000 SCIENCE AND TECHNOLOGY R&D FUND LATROBE CITY COUNCIL $15,000 ALFRED HEALTH $2,500 LODDON SHIRE COUNCIL $25,000 BIODETECTORS PTY LTD $2,500 MAINSTREET AUSTRALIA INC $15,000 JEWISH CARE (VICTORIA) INC $2,500 MANNINGHAM CITY COUNCIL $10,000 LA TROBE UNIVERSITY $2,500 MANSFIELD SHIRE COUNCIL $5,000 MEDICAL EDGE PTY LTD $2,500 MAROONDAH CITY COUNCIL $20,000 NIPV PTY LTD $2,500 MELTON CITY COUNCIL $8,635 SUSTAINABILITY VENTURES PTY LTD $2,500 MILDURA RURAL CITY COUNCIL $20,000 UNIVERSITY OF MELBOURNE $4,773 MITCHELL SHIRE COUNCIL $10,000 VICTORIA UNIVERSITY $2,500 MOIRA SHIRE COUNCIL $20,000 YORAM REGEV $2,500 MONASH CITY COUNCIL $19,350 TOTAL $27,273 MOONEE VALLEY CITY COUNCIL $5,900

SKILLS FOR GROWTH MORELAND CITY COUNCIL $10,000 MORNINGTON PENINSULA SHIRE COUNCIL $8,500 ARARAT RURAL CITY COUNCIL $12,613 MOYNE SHIRE COUNCIL $3,760 BALLARAT CITY COUNCIL $5,000 NORTHERN GRAMPIANS SHIRE COUNCIL $9,000 BANYULE CITY COUNCIL $9,800 PYRENEES SHIRE COUNCIL $10,000 BASS COAST SHIRE COUNCIL $25,000 SALE BUSINESS AND TOURISM ASSOCIATION BAW BAW SHIRE COUNCIL $25,000 INCORPORATED $5,000 BAYSIDE CITY COUNCIL $10,000 SMITH STREET BUSINESS ASSOCIATION INC $2,500 BENALLA RURAL CITY COUNCIL $10,000 SORRENTO PORTSEA CHAMBER OF COMMERCE BOROUGH OF QUEENSCLIFFE $5,000 INC $2,500

BRIMBANK CITY COUNCIL $20,000 SOUTH GIPPSLAND SHIRE COUNCIL $10,000

CASEY CITY COUNCIL $10,000 SOUTHERN GRAMPIANS SHIRE COUNCIL $10,000

CENTRAL GOLDFIELDS SHIRE COUNCIL $9,883 STONNINGTON CITY COUNCIL $10,250

CITY OF BOROONDARA $24,600 SUNSHINE BUSINESS ASSOCIATION INC $5,000

CITY OF DAREBIN $5,000 SURF COAST SHIRE $25,000

CITY OF GREATER DANDENONG $10,000 SWAN HILL PROMOTIONS AND DEVELOPMENT CORPORATION INC $5,000 CITY OF GREATER GEELONG $10,000 SWAN STREET VILLAGE TRADERS ASSOCIATION CITY OF PORT PHILLIP $10,000 INC $5,000

COLAC OTWAY SHIRE $5,000 SYDNEY ROAD BRUNSWICK ASSOCIATION INC $2,500

CORANGAMITE SHIRE COUNCIL $4,000 THE AUSTRALIAN RETAILERS ASSOCIATION $17,000

DIMBOOLA BUSINESS ASSOCIATION INC $500 WARRANDYTE BUSINESS ASSOCIATION INC $2,500

EAST GIPPSLAND SHIRE COUNCIL $15,000 WARRNAMBOOL CITY COUNCIL $5,000

FRANKSTON CITY COUNCIL $20,000 WELLINGTON SHIRE COUNCIL $5,000

GANNAWARRA SHIRE COUNCIL $3,800 WEST WIMMERA SHIRE COUNCIL $29,000

GOLDEN PLAINS SHIRE COUNCIL $600 WHITEHORSE CITY COUNCIL $15,000

GREATER SHEPPARTON CITY COUNCIL $5,000 WODONGA CITY COUNCIL $5,000

GREEK PRECINCT ASSOCIATION INC $2,500 WYNDHAM CITY COUNCIL $5,000

138 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

SKILLS FOR GROWTH CONT. VESKI INC YARRA CITY COUNCIL $10,000 VESKI $391,500

YARRIAMBIACK SHIRE COUNCIL $9,000 VICTORIAN ENDOWMENT FOR SCIENCE, KNOWLEDGE & INNOVATION LTD $216,500 TOTAL $696,691 TOTAL $608,000

TEXTILE AND FASHION HUB VICTORIAN INNOVATION STRATEGY COUNCIL OF TEXTILE & FASHION INDUSTRIES OF AUSTRALIA LTD $100,000 ALFRED HEALTH $32,000

TOTAL $100,000 ANZA TECHNOLOGY NETWORK LIMITED $40,000

COMMONWEALTH SCIENTIFIC AND INDUSTRIAL TIME TO THRIVE 2 RESEARCH ORGANISATION $94,042 SMALL BUSINESS MENTORING SERVICE INC $200,000 COMPOSITES AUSTRALIA INC $60,000

TOTAL $200,000 COUNCIL OF TEXTILE & FASHION INDUSTRIES OF AUSTRALIA LIMITED $80,000

DEPARTMENT OF ENVIRONMENT AND PRIMARY VICTORIAWORKS FOR INDIGENOUS JOBSEEKERS INDUSTRIES VICTORIA $112,500 PROGRAM HOWARD FLOREY INSTITUTE PTY LTD $166,005 A.R.T EMPLOYMENT PTY LTD $121,000 MEDICINES DEVELOPMENT LIMITED $37,500 COLLINGWOOD FOOTBALL CLUB LIMITED $143,500 MELBOURNE HEALTH $791,386 ESSENDON FOOTBALL CLUB $188,800 MONASH UNIVERSITY $179,172 GROUP TRAINING ASSOCIATION OF VICTORIA INC $262,080 MRCF PTY LTD $400,000

KAIELA INSTITUTE LIMITED $97,500 MURRAY GOULBURN CO-OPERATIVE CO LTD $242,580

LINK EMPLOYMENT & TRAINING INC $149,640 PYKSIS PTY LIMITED $50,000

MILDURA RURAL CITY COUNCIL $154,800 SCALE INVESTORS LIMITED $50,000

MUNICIPAL ASSOCIATION OF VICTORIA $30,000 SYNCHROTRON LIGHT SOURCE AUSTRALIA PTY LTD $1,700 RUMBALARA FOOTBALL NETBALL CLUB INC $125,300 THE SONG ROOM $7,394 ST KILDA YOUTH SERVICE INC $113,775 UNIVERSITY OF MELBOURNE $226,556 SWAN HILL RURAL CITY COUNCIL $172,480 TOTAL $2,570,835 THE AUSTRALIAN RETAILERS ASSOCIATION $10,000

TIGERS IN COMMUNITY FOUNDATION LIMITED $93,750 VICTORIAN INNOVATION STRATEGY - INNOVATION VICTORIAN ABORIGINAL COMMUNITY SERVICES ANZA TECHNOLOGY NETWORK LIMITED $50,000 ASSOCIATION LIMITED $229,800 AVIPEP PTY LTD $50,000 VICTORIAN RUGBY UNION INC $232,750 DEAKIN UNIVERSITY $1,000,000 VICTORIAN TRANSPORT ASSOCIATION INC $60,500 MEDICINES DEVELOPMENT LIMITED $112,500 WODONGA CITY COUNCIL $76,500 MELBOURNE WATER $450,000 WORN GUNDIDJ ABORIGINAL CO-OP LTD $153,900 MONASH UNIVERSITY $300,000 TOTAL $2,416,075 POLYMERS CRC LTD $140,000 VICTORIAN ENDOWMENT FOR SCIENCE, KNOWLEDGE PYKSIS PTY LIMITED $80,000 AND INNOVATION (VESKI) FELLOWSHIPS AND SCHOOL ROYAL CHILDREN'S HOSPITAL $450,000 MENTORING ROYAL VICTORIAN EYE & EAR HOSPITAL $450,000 VESKI $650,000 SCALE INVESTORS LIMITED $100,000 TOTAL $650,000 UNIVERSITY OF MELBOURNE $500,000

WESTERN HEALTH $450,000

TOTAL $4,132,500

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 139 04 APPENDICES

VICTORIAN INNOVATION STRATEGY - TECHNOLOGY OFFICE OF THE CHIEF OPERATING OFFICER GRANTS AUSTRALIAN CENTRE FOR THE MOVING IMAGE $20,000

AXXIN PTY LTD $62,500 Grant payments totalling $2.1 million were made to companies and organisations in 2013-14 by the BENDIGO SENIOR SECONDARY COLLEGE $83,971 department’s office of the chief operating officer. BIO 21 AUSTRALIA LIMITED $168,099 These grants are detailed below. BIOMELBOURNE NETWORK INC $5,000

CAREERLOUNGE PTY LTD $15,000 COMMUNITY SUPPORT FUNDING

CENTRAL HIGHLANDS AGRIBUSINESS FORUM BRIMBANK CITY COUNCIL $60,000 INC $7,500 CASEY CITY COUNCIL $216,000 COMMONWEALTH SCIENTIFIC AND INDUSTRIAL CITY OF BOROONDARA $25,000 RESEARCH ORGANISATION $50,000 FRANKSTON CITY COUNCIL DEPARTMENT OF ENVIRONMENT AND PRIMARY $71,916 INDUSTRIES VICTORIA $90,000 MELBOURNE CITY COUNCIL $50,000 DONWOOD COMMUNITY AGED CARE SERVICES MORELAND CITY COUNCIL $5,000 INC $23,089 TOTAL EUREKA ! AGRESEARCH (VIC) PTY LTD $75,800 $427,916

FEDERATION UNIVERSITY AUSTRALIA $16,000 GENERAL GRANTS FUNDING HOWARD FLOREY INSTITUTE PTY LTD $166,004 RESOURCEFUL AUSTRALIA PTY LTD $300,000 JOHN MONASH SCIENCE SCHOOL $57,000 TOTAL $300,000 KONNECTIVE PTY LTD $46,000

LIFE SAVING VICTORIA LIMITED $42,000 MAJOR EVENTS MELBOURNE HEALTH $22,400 MELBOURNE CITY COUNCIL $150,000 MONASH UNIVERSITY $1,205,565 TOTAL $150,000 NATIONAL SAFETY AGENCY LTD $106,680

SMALL TECHNOLOGIES CLUSTER LTD $240,000 MELBOURNE FASHION FESTIVAL THE FLOREY INSTITUTE OF NEUROSCIENCE AND MELBOURNE FASHION FESTIVAL LTD $650,000 MENTAL HEALTH $180,000 TOTAL $650,000 UNITINGCARE REGEN $5,549

UNIVERSITY OF MELBOURNE $44,685 REGIONAL DEVELOPMENT AUSTRALIA VICTORIA STATE EMERGENCY SERVICE AUTHORITY $22,000 BRIMBANK CITY COUNCIL $50,000

TOTAL $2,754,842 DIGITAL BUSINESS INSIGHTS PTY LTD $70,000 EASTERN VOLUNTEER RESOURCE CENTRE INC $20,000

VICTORIAN RESEARCH SCHOLARSHIPS GROWTH AREAS AUTHORITY $48,000

MONASH UNIVERSITY $150,000 LA TROBE UNIVERSITY $25,000

ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY $300,000 LEADWEST LTD $50,000

UNIVERSITY OF MELBOURNE $450,000 MAROONDAH CITY COUNCIL $15,000

TOTAL $900,000 MELBOURNE'S NORTHERN ECONOMIC WEDGE INC $145,000

MOONEE VALLEY CITY COUNCIL $25,000

MORNINGTON PENINSULA SHIRE COUNCIL $25,000

PREVENTIONXPRESS PTY LTD $22,000

SMALL TECHNOLOGIES CLUSTER LTD $45,000

SOUTH EAST MELBOURNE MANUFACTURERS' ALLIANCE INC $40,000

SWINBURNE UNIVERSITY OF TECHNOLOGY $30,000

TOTAL $610,000

140 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

TRADE, MANUFACTURING, AVIATION EMPLOYMENT START UP AND EMPLOYMENT GRANTS 10FOLD PTY LTD $4,000

The department provides assistance through 2MH CONSULTING PTY LTD $4,000 a number of programs to companies and A & K HAZELDENE PTY LTD $4,000 organisations to support manufacturing, A G & L M O'DONNELL $1,000 enterprise improvement, export growth, ABOUZEID BROS INTERNATIONAL TRADING business development, promotional activities, PTY LTD $5,000 workforce and skills activities, economic and ADVANCED SERVICE CENTRE (VIC) PTY LTD $4,000 community development in regional Victoria, and ALL STAR BAKING PTY LTD $1,000 targeted support to small businesses in Victoria. Grant payments totalling $18 million made to ALLMAX PTY LTD $4,000 organisations in 2013-14 through the department’s ALREADY PLASTERED PTY LTD $1,000 trade, manufacturing, aviation and employment AMALGAM ENTERPRISES PTY LTD $4,000 grants are detailed below. AMI FIDELE PTY LTD $1,000 ANDIAMO LANDSCAPING PTY LTD $1,000 AGENDA FOR NEW MANUFACTURING ANTHONY ROBERT ELLIS $1,000 THE AUSTRALIAN INSTITUTE OF FOOD SCIENCE & TECHNOLOGY INCORPORATED $8,500 ANYTHING SOLAR PTY LTD $1,000

TOTAL $8,500 ARCHIBLOX PTY LTD $4,000 ATLITE (AUSTRALIA) PTY LTD $4,000

BUSINESS DEVELOPMENT PROGRAM - AUSTRALIAN ASSESSMENT TECHNOLOGIES TRADE FAIRS AND MISSIONS PTY LTD $4,000 ANCA PTY LTD $1,500 AWARD BRANDS PTY LTD $1,000

ANTICO COFFEE PTY LTD $2,000 AYMANOR PTY LTD $1,000

AUSTRALIAN PROVINCIAL CHEESE PTY LTD $2,000 B & M ELECTRIC PTY LTD $4,000

BMT WBM PTY LTD $2,000 B & P JOINERY PTY LTD $1,000

CT FREIGHT PTY LTD $2,000 B AND Z COLLINS ENTERPRISES PTY LTD $1,000

EAST GIPPSLAND SHIRE COUNCIL $1,815 B G HEATLIE & J D HEATLIE $1,000

ENVIRONMENT ESSENTIALS PTY LTD $2,000 BAKEWORKS PTY LTD $1,000

FORD MOTOR COMPANY OF AUSTRALIA LIMITED $3,000 BARKING DOG PTY LTD $4,000

GIPPY FOODS PTY LTD $2,000 BARWON CLUB HOTEL $4,000

INTRINSIC INVESTMENT MANAGEMENT PTY LTD $3,000 BARWON COMPUTER SOLUTIONS PTY LTD $1,000

MEAT TENDER PTY LTD $2,000 BASHFORD PAINTERS $2,000

OLEX AUSTRALIA PTY LIMITED $2,000 BAY SHORE ELECTRICAL & AIR CONDITIONING SERVICES $1,000 ORE RESEARCH & EXPLORATION PTY LTD $2,000 BAYSIDE COMFORT SOLUTIONS PTY LTD $4,000 PBE AUSTRALIA PTY LTD $2,000 BAY-TECH AUTOMOTIVE PTY LTD $1,000 ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY $2,000 BB AUTO ELECTRICAL PTY LTD $1,000 RUHRPUMP SIHI AUSTRALIA PTY LTD $2,000 BB TECH SERVICES PTY LTD $1,000 SASK INTERNATIONAL EXPORT & IMPORT PTY LTD $2,000 BELLARINE SMASH REPAIRS PTY LTD $1,000

SENSEN NETWORKS PTY LTD $2,000 BEN WALLIS PTY LTD $2,000

SENTIENT VISION SYSTEMS PTY LTD $1,002 BILLIE JEAN HAIR PTY LTD $1,000

UNIVERSITY OF MELBOURNE $2,000 BJL INVESTMENTS PTY LTD $4,000

VALLEY PRECISE GLOBAL PTY LTD $1,183 BK BRICKLAYING $2,000

TOTAL $41,500 BLACK STALLION MOTORS PTY LTD $4,000

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 141 04 APPENDICES

EMPLOYMENT START UP CONT. EMPLOYMENT START UP CONT. BLACKCLOUD SOFTWARE PTY LTD $1,000 DANIEL SIMPSON $4,000

BORDER CRANE CONSULTANTS PTY LTD $8,000 DANNY THREADGOLD PAINTING $1,000

BRYAN & PETERSEN INSURANCE PTY LTD $1,000 DARREN CLARK $1,000

BUSINESS PLANNING & CONTROL PTY LTD $8,000 DAVENMARC INVESTMENTS PTY LTD $5,000

BUSY BEE BRUSHWARE PTY LTD $1,000 DAVID GREIG CONSTRUCTIONS PTY LTD $1,000

C & J REID $1,000 DAVID VALASTRO HOLDINGS PTY LTD $1,000

C J NICOL $1,000 DAVIS BRICKLAYING CONTRACTORS PTY LTD $1,000

C L DAVISON & W S DAVISON $2,000 DECKS PLUS BUILDING SERVICES PTY LTD $4,000

C LEWIS CARPENTRY $2,000 DESIGN STAINLESS INDUSTRIES PTY LTD $2,000

C R ELECTRICS PTY LTD $1,000 DICKSON AUTOMOTIVE PTY LTD $4,000

C T DYKER & B D REID $1,000 DOREEN MECHANICAL PTY LTD $1,000

C.A.M CONSTRUCTIONS PTY LTD $1,000 DREAM MARINE PTY LTD $1,000

CABINET PROFESSIONALS PTY LTD $1,000 DREAMTIME CONSTRUCTIONS $1,000

CABINET REPAIRS AND REPLACEMENTS $1,000 DRYSDALE HOTEL PTY LTD $1,000

CABINETSMITH PTY LTD $4,000 DUDLEY & CO BUILDERS PTY LTD $1,000

CALLAGHAN MOTORS P/L $1,000 DUNSTONE BROTHERS PLUMBING AND ROOFING PTY LTD $1,000 CAMERON DOUEAL $4,000 DUSTY'S BRICKLAYING PTY LTD $2,000 CANE CARPENTRY AND JOINERY $1,000 E J LACK (VIC) PTY LTD $1,000 CARBONLITE ENTERPRISES PTY LTD $8,000 E L CAMERA & M D CAMERA $1,000 CC DISTRIBUTION PTY LTD $1,000 EAST GIPPSLAND FLOOR CONTRACTORS CENTRAL CARPETS CASTLEMAINE PTY LTD $1,000 PROPRIETARY LIMITED $1,000

CFJ LANDSCAPE DESIGN AND CONSTRUCTION $2,000 ECOSCHEMES PTY LTD $4,000

CHEEKY NATURE LANDSCAPES PTY LTD $4,000 ESSENDON TILE COMPANY PROPRIETARY CHOCOLATE LILY HAIR AND BEAUTY $4,000 LIMITED $1,000

CHRISTOPHER ESLICK $1,000 EVAN BIEWER $1,000

CONFOIL PTY LIMITED $4,000 EVAN SCOTT KINGSTON $1,000

CONQUEST EMP PTY LTD $1,000 EVENFLO PLASTERING PTY LTD $1,000

COPY CONTROL PTY LIMITED $2,000 EWOUD PATRICK ALEXANDER VAN DER HOEVEN $4,000

CRW CABINETS $1,000 F MYERS & G C SWALWELL $1,000

CURSOL PTY LTD $1,000 FACILITY MANAGEMENT ASSOCIATION OF AUSTRALIA LIMITED $1,000 D & J OTTEN INVESTMENTS PTY LTD $4,000 FAST TRACK WELDING PTY LTD $1,000 D & M T GOLDBERG $1,000 FICO AUSTRALIA PTY LTD $1,000 D & R ANLEY PTY LTD $4,000 FRASHES-R PTY LTD $4,000 D B & L K PEARCE $1,000 G D & J I STABB $1,000 D C & M J FREDERICKS $1,000 G N AND D J WHITWORTH $1,000 D J NICHOLSON & B ROBERTSON $4,000 G W S PTY LTD $1,000 D P CARPENTRY PTY LTD $1,000 GAS CHOICE PTY LTD $1,000 D P SHEEHAN PLUMBING & GASFITTING PTY LTD $1,000 GEELONG BRAKE & CLUTCH PTY LTD $1,000 D P WILLINGTON & G WILLINGTON $4,000 GEELONG SATELLITE & COMMUNICATIONS D SHARP & M D SHARP $1,000 PTY LTD $1,000

DALLAS JOHN DAFONTE $1,000 GEMPIRE PTY LTD $4,000

DAMIAN VAUGHAN JOINERY PTY LTD $4,000 GEORGE THOMAS KEITH HEMMINGS $1,000

142 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

EMPLOYMENT START UP CONT. EMPLOYMENT START UP CONT.

GEORGES RESTAURANT BAR CAFE PTY LTD $3,000 JOSEPH PATONE $1,000

GET SPARKED ELECTRICAL CONTRACTORS PTY JOSTE PTY LTD $1,000 LTD $1,000 JTA HEALTH SAFETY & NOISE SPECIALISTS GLEN LODDON HOMES PTY LTD $1,000 PTY LTD $4,000

GR8 WALLS OF MELBOURNE $4,000 K BROWNING & N MONET $1,000

GUY TURNER LANDSCAPING $1,000 KAIN PUGLIESE $4,000

H A BOFFEY & A MEZZATESTA $4,000 KATENAL PTY LTD $9,000

H BOYD & E M VANDERMARK $4,000 KATHRYN ANNE BREED $4,000

HAEUSLER'S GROUP PTY LTD $4,000 KEENAN CRIMMINS $2,000

HANCOL PTY LTD $1,000 LAKE VIEW HOTEL PTY LTD $11,000

HANSONPORTERCURZON PTY LTD $1,000 LEMON TWIST CAFE $4,000

HARDWAY SISTERS PTY LTD $1,000 LINDSAY KARL RATNIK $1,000

HEATHERS SWIM SCHOOL $2,000 LOGIKON $1,000

HOCTOR REFRIGERATION PTY LTD $16,000 M & M AUTOMOTIVE PTY LTD $1,000

HOLLOWAY AIRCONDITIONING & PLUMBING $1,000 M FENNEY & W J FENNEY $5,000

HONEYEATER HAIR PTY LTD $1,000 M FITZPATRICK & M YOUNG $1,000

HOT TOP ROOFING PTY LTD $1,000 MARKET CITY MOTORS PTY LTD $4,000

IKON HOMES PTY LTD $3,000 MATTHEW JOHN BISHOP $4,000

ILLINGWORTH PLUMBING PTY LTD $5,000 MAW BUILDING & MAINTENANCE PTY LTD $4,000 MELBOURNE ROAD GROUP PTY LTD $1,000 IN2IT CARPENTRY CONTRACTORS $1,000 MENZEL GLASS PTY LTD $4,000 INTEGRA SYSTEMS PTY LTD $1,000 MIA ELIZABETH NICOLSON $1,000 INVERLOCH MARINE PTY LTD $4,000 MIDDLETONS GEELONG HEATING & COOLING ITCOM AUSTRALIA PTY LTD $4,000 PTY LTD $8,000 J & J SANDERSON $1,000 MJW PLUMBING $1,000

J D READ AND S M BAKER $4,000 MORCOMBE INVESTMENTS PTY LTD $1,000

J K ADAMS & P T ADAMS $1,000 MORLAND'S MEATS $1,000

J T ELECTRICAL CONTRACTORS PTY LTD $4,000 MOWERS GALORE PTY LTD $1,000

JACBE BUILDERS PTY LTD $1,000 MUHOR PTY LTD $1,000

JACKSON DWELLINGS $1,000 MVS BUSINESS CONSULTING L & D PROJECTS $4,000

JACQUELINE A STACPOOL $4,000 MYFINSOL PTY LTD $4,000

JADEZOL PTY LTD $1,000 N J KANE & A L SILVER $1,000

JAMES F SPINKS PROPRIETARY LIMITED $1,000 NDB HOME IMPROVEMENTS PTY LTD $1,000

JANINE MARY LAMB $4,000 NICHOL TRADING MECHANICAL SERVICES PTY LTD $1,000 JASON MATTHEW BRUTY $4,000 NICHOLAS LYNCH PTY LTD $1,000 JASON MILLER $1,000 NORTH WHARF HOTEL PTY LTD $2,000 JASUMIA BEAUTY SALON $1,000 O C PLUMBING PTY LTD $1,000 JCONSTRUCTION PTY LTD $1,000 O'BRIEN BUILDING (AUST) PTY LTD $1,000 JELLS PARK GOURMET MEAT $1,000 ONJ ELECTRICAL $4,000 JERUSALEM CREEK MARINA & HOLIDAY PARK PTY LTD $1,000 P D & L S MOLONEY $1,000

JOE ISSELL PAINTING $1,000 P.A.W. PLUMBING PTY LTD $4,000

JORDAN BEEBY $4,000 PALERMO TILING PTY LTD $4,000

JORDAN LAWRENCE MAIOLO $1,000 PEELBAKE PTY LTD $1,000

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 143 04 APPENDICES

EMPLOYMENT START UP CONT. EMPLOYMENT START UP CONT.

PEREZ PLUMBING PTY LTD $1,000 SCOTT SPORT PTY LTD $1,000

PETE & MICKS BRICKLAYING $1,000 SDW BRICKLAYING PTY LTD $1,000

PETER R & GINA Z DOWIE $4,000 SODA MARKETING PTY LTD $4,000

PLANRIGHT AUSTRALASIA PTY LTD $1,000 SORRENTO GOLF CLUB $4,000

PORTLAND AIRCONDITIONING & REFRIGERATION SPARX POWER AND DATA PTY LTD $4,000 PTY LTD $4,000 SPECIALISED PLUMBING & DRAINAGE PTY LTD $8,000 PRECISION LOCK & KEY PTY LTD $1,000 STEVENS COMMUNICATIONS PTY LTD $9,000 PREDA PTY LTD $1,000 STEVE'S BRICKLAYING PTY LTD $4,000 PRESTON MOTORS (PARTS SALES) PROPRIETARY LIMITED $1,000 SUGAR STATION PTY LTD $2,000

PROFICIENT CARPENTRY PTY LTD $1,000 T & H PANEL SERVICE PTY LTD $1,000

PRT BEI PTY LTD $1,000 T D DREW & R E GLEESON $4,000

R & J SOBEY PTY LTD $4,000 TALL GRASS LANDSCAPES PTY LTD $4,000

R & M ENGINEERING PTY LTD $1,000 TASBAY PTY LTD $1,000

R D & R K RANKIN PTY LTD $4,000 TBMR PTY LTD $1,000

R J & A SAUNDERS $4,000 TEAMWORKS PERFORMANCE PTY LTD $2,000

RALPH MATTHEW PEET $4,000 TEHENNEPE GROUP PTY LTD $1,000

RAMA B AND G PTY LTD $4,000 TEKROCK TILING $1,000

RBC BUSINESS SOLUTIONS (MELBOURNE) PTY TEMPLE HAIR PTY LTD $1,000 LTD $4,000 THE CHEROB GROUP PTY LTD $1,000 REACT PROPERTY MAINTENANCE PTY LTD $1,000 THE GEELONG LAMP & ELEMENT SHOPPE PTY REALMON PTY LTD $8,000 LTD $1,000

RED EARTH FLOWERS $1,000 THE HANGMAN DOORS PTY LTD $1,000

REDLOW INVESTMENTS PTY LTD $3,000 THE PORTSEA CAMP $4,000

REET INTERNATIONAL PTY LTD $1,000 THE PREMIUM CHOCOLATE COMPANY $1,000

RELISH 'N' THYME PTY LTD $8,000 THINKBIG INVESTMENTS AUST PTY LTD $3,000

RHYS EVANS PTY LTD $3,000 TJ'S ROOFING AUSTRALIA PTY LTD $2,000

RICHES AUTO REFINISHING PTY LTD $1,000 TOMIKIEL HOLDINGS PTY LTD $4,000

RICHMOND HILL ELECTRICAL SERVICES PTY LTD $1,000 TONDAN INVESTMENTS PTY LTD $1,000 RICKARD HEATING PTY LTD $1,000 TOP TORQUE PERFORMANCE PTY LTD $1,000 RIES PLUMBING PTY LTD $1,000 TOTAL PLASTER SUPPLIES PTY LTD $1,000 RIGHTWAY CARPENTRY PTY LTD $1,000 TRANSFORMERS VIC PTY LTD $1,000 RIXON MANAGEMENT SERVICES PTY LTD $9,000 TRENT JOSEPH JONES $1,000 ROBERT ANTHONY GALATI $4,000 TRENTIAN CONSTRUCTIONS $1,000 ROBES ON LINE AUSTRALIA PTY LTD $1,000 TTS ELECTRICS $8,000 ROSEVALE DEVELOPMENTS PTY LTD $1,000 UNIWELD ENGINEERING PTY LTD $1,000 ROYAL VICTORIAN AERO CLUB $4,000 VAUGHAN ELLIS PLUMBING & HYDRAULICS RYAN CARAFA $4,000 PTY LTD $2,000

S & R MCCORMACK PTY LTD $1,000 VELI MOTORS PTY LTD $1,000

S HOPE & S G HOPE $1,000 VENETO CLUB $1,000

S J & T A STRUCTURAL PTY LTD $4,000 VEREKER BROS. SMASH REPAIRS PTY LTD $1,000

SANDHURST REFRIGERATION PTY LTD $4,000 W & J HOOLAHAN $1,000

SCHEDULED ASSET SERVICES PTY LTD $2,000 WATERMARK DOCKLANDS $1,000

144 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

EMPLOYMENT START UP CONT. EXPORT VICTORIA CONT. WEST FRIDGE PTY LTD $2,000 EVENT STUDIOS AUSTRALIA PTY LTD $4,430

WESTSIDE CARPETS PTY LTD $1,000 FEDERATION OF AUTOMOTIVE PRODUCTS MANUFACTURERS LIMITED $2,000 WILFUR PTY LTD $1,000 HAWTHORN LEARNING PTY LIMITED $2,000 WILLIAM P & KARA M LAHN $1,000 HERITAGE BRANDS (AUSTRALIA) PTY LTD $10,000 WINGATE AVENUE COMMUNITY CENTRE INC $1,000 HOLMESGLEN INSTITUTE OF TAFE $2,000 WONTHAGGI LIGHT ENGINES $1,000 IAN ENNIS AND COMPANY PTY LTD $2,000 WOODEN PERFECTION CARPENTRY SOLUTIONS PTY LTD $1,000 INNOVATIVE MECHATRONICS GROUP PTY LTD $2,000

WORKPLACE TRAINING AND ADVISORY AUST. INUS AUSTRALIA PTY LTD $2,000 PTY LTD $2,000 KAPS INSTITUTE OF MANAGEMENT PTY LTD $2,000 YBF PTY LTD $4,000 KERR & CO TRADING PTY LTD $2,000 ZEALLY BAY SOURDOUGH PTY LTD $1,000 LARMON PTY LTD $2,000 ZEZEKHOM PTY LTD $2,000 MACKAY CONSOLIDATED INDUSTRIES PTY TOTAL $681,000 LIMITED $2,000

MEDIATEN EUROPE CO PTY LTD $10,000

ENGAGING INDIA MENZIES INSTITUTE OF TECHNOLOGY PTY LTD $2,000

UNIVERSITY OF MELBOURNE $156,000 MONASH UNIVERSITY $1,783

TOTAL $156,000 MRO PTY LTD $10,000

MURRAY RIVER ORGANICS PTY LTD $3,536 EXPORT VICTORIA NORTHERN MELBOURNE INSTITUTE OF TAFE $2,000 7 CHEFS PTY LTD $5,051 OMG IMPORTS PTY LTD $1,317 AGLO SYSTEMS PTY LTD $1,136 OPPOSITE LOCK HOLDINGS PTY LTD $2,000 AIR-RADIATORS PTY LTD $25,000 ORGANIC DAIRY FARMERS OF AUSTRALIA APEIRON ASIA PTY LTD $2,000 LIMITED $2,000

ASCET INSTITUTE OF TECHNOLOGY PTY LTD $6,825 OZPRESS PTY LTD $5,035

ATECO AUTOMOTIVE PTY LIMITED $2,000 SETEC PTY LTD $80,000

AUSTRALASIAN FRESH PTY LTD $2,000 SHEILA BAXTER TRAINING CENTRE PTY LTD $2,000

AUSTRALIAN AUTOMOTIVE AFTERMARKET SINGLE SERVE PACKAGING PTY LTD $2,000 ASSOCIATION LIMITED $2,000 SOUTH GIPPSLAND WINE COMPANY PTY LTD $2,000 AUSTRALIAN INSTITUTE OF TECHNICAL TRAINING PTY LTD $2,000 SOUTHERN UNITED SEAFOOD AUSTRALIA LIMITED $1,584 AUSTRALIAN NATIONAL COLLEGE PTY LTD $2,000 STELCO CHEMICALS INTERNATIONAL PTY LTD $2,358 AUSTRALIAN PROVINCIAL CHEESE PTY LTD $2,000 SUN HEALTH FOODS PTY LTD $2,000 AUTOMOTIVE PARTS AUSTRALIA PTY LTD $2,000 SUNNY RIDGE EPICURE PTY LTD $1,986 AUTOTEST PRODUCTS PTY LTD $2,000 SWINBURNE COLLEGE PTY LTD $2,000 BLACK WIDOW ENTERPRISES PTY LTD $2,000 THE REGIMENTAL CONDIMENT COMPANY PTY BONKERS TRADING GROUP PTY LTD $2,000 LTD $7,357

BOX HILL INSTITUTE OF TAFE $2,000 TRAINING SENSE PTY LTD $7,864

CITY OF WHITTLESEA $2,000 TRANSPLUMB GROUP PTY LTD $2,033

CLASSICA INTERNATIONAL PTY LTD $1,584 VICTORIA UNIVERSITY $2,000

CRAIG DAVIES PTY LTD $2,000 WILLIAM ANGLISS INSTITUTE OF TAFE $2,000

CROW CAMS AUSTRALIA PTY LTD $2,000 YARRA VALLEY SNACK FOODS PTY LTD $2,000

CT FREIGHT PTY LTD $2,000 TOTAL $264,879

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 145 04 APPENDICES

GEELONG MANUFACTURING COUNCIL HAMER SCHOLARSHIPS CONT. GMIC LTD $179,433 TESS MATTHEWS $10,000

TOTAL $179,433 TYLER GLEASON $10,000

VICTORIAN EMPLOYERS CHAMBER OF GREATER GEELONG INDUSTRY FUND COMMERCE AND INDUSTRY $40,000 ZACHARY RUDD $10,000 ASSOCIATED KILN DRIERS PTY LTD $125,000 ZENO JAGER $10,000 BATES PIPES GEELONG PTY LTD $30,000 TOTAL $407,500 CARBON REVOLUTION PTY LTD $100,000

EXPRESS PROMOTIONS AUSTRALIA PTY LTD $165,000 INDUSTRY CAPABILITY NETWORK - WHOLE OF FARM FOODS PTY LTD $215,000 GOVERNMENT IXL METAL CASTINGS PTY LTD $60,000 INDUSTRY CAPABILITY NETWORK (VICTORIA) LIMITED $1,427,500 TOTAL $695,000 TOTAL $1,427,500

HAMER SCHOLARSHIPS INTERNATIONAL EDUCATION ALEXANDRA DUNGEY $10,000 ESSENDON FOOTBALL CLUB $50,000 ANDREW BENHAM $5,000 HUONG DANG THI $20,000 ANNA STREMPEL $10,000 JENNY BATNAG $10,000 ANTONIA HODGMAN $10,000 XIAOCUI CATHERINE LOU $10,000 BRYANT SOORKIA $10,000 TOTAL $90,000 CASSIDY MCDONALD $10,000

CHELSEA HILSBERG $15,000 INTERNATIONAL EDUCATION STRATEGY CHRIS BILLINGTON $10,000 ESSENDON FOOTBALL CLUB $80,000 DAVID NGO $7,500 TOTAL $80,000 ELIZABETH JOHNSTON $15,000

EMMA DOCKERY $10,000 INTERNATIONAL STUDENT CARE SERVICES HA LE $10,000 MONASH UNIVERSITY $120,000

JAIME BERRILL $10,000 SWINBURNE UNIVERSITY OF TECHNOLOGY $60,000

JAMES MUGODO $10,000 TOTAL $180,000 JESSE MICIC $10,000 JOSH POWER-SANDERS $15,000 INVESTING IN MANUFACTURING TECHNOLOGY KATE GREALY $10,000 A & L WINDOWS PTY LTD $48,800

LINDSAY GODING $10,000 ABEY AUSTRALIA PTY LTD $125,000

LISA RENKIN $10,000 AIR-RADIATORS PTY LTD $87,000

MARK GIFFORD $10,000 ALFRED LEWIS ENGINEERING PTY LTD $63,000

MATTHEW COUPER $15,000 AMR HEWITTS PRINTPACKAGING PTY LTD $110,000

NATALIE LILFORD $10,000 ANDREW ENGINEERING (AUST) PTY LTD $53,000

PHILIP HILTON $10,000 ARMACELL AUSTRALIA PTY LTD $54,900

REANDRA JUWONO $10,000 ATCO ENGINEERING PTY LTD $24,000

REBECCA LAKE $10,000 AUSTRALIAN MINT OILS AND FLAVOURS PTY LTD $20,000

ROBERT BROWNE $10,000 AUSTRALIAN VALVE & ENGINEERING PTY LTD $50,000

ROBERT MALCOLM $10,000 BERLISS PTY LTD $125,000

SAMUEL BASHFIELD $15,000 COVERCRAFTDIGITAL PTY LTD $35,000

SCARLETT MCLEAN $15,000 DECOR ENGINEERING (AUST) PTY LTD $100,000

SERGEY POCHEVSKIY $15,000 DIAMOND DELL PTY LTD $140,000

146 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

INVESTING IN MANUFACTURING TECHNOLOGY CONT. MANUFACTURING PRODUCTIVITY NETWORKS EGOTRADE PTY LTD $115,000 ADVANCED MANUFACTURING CRC LIMITED $150,000

EPPING TIMBER PREFAB CO PTY LTD $80,804 AUSTRALIAN INDUSTRY & DEFENCE NETWORK - VICTORIA INC $40,000 ESSENTIAL FLAVOURS AND INGREDIENTS PTY LIMITED $85,650 AUSTRALIAN MANUFACTURING TECHNOLOGY INSTITUTE LTD $30,000 FABTRONICS AUSTRALIA PTY LTD $238,900 AUTOCRC LTD $250,000 FIBREMAKERS AUSTRALIA PTY LTD $138,000 AVIATION/AEROSPACE AUSTRALIA LTD $10,000 FOODMACH PTY LTD $181,000 DMTC LIMITED $40,000 GEORGE LOVITT (MANUFACTURING) PROPRIETARY LIMITED $125,000 HIGH PERFORMANCE CONSORTIUM LIMITED $100,000

GIORGIO DENTAL LABORATORY PTY LTD $17,250 HUME CITY COUNCIL $29,816

GLASSCO AUSTRALIA PTY LTD $125,000 MELBOURNE'S WEST EXPORT NETWORK INC $6,000

GSA INDUSTRIES (AUST) PTY LTD $125,000 PREMIUM AUSTRALIAN FOODS PTY LTD $75,000

HAKUBAKU AUSTRALIA PTY LTD $37,500 RECREATIONAL VEHICLE MANUFACTURING ASSOCIATION OF AUSTRALIA LIMITED $10,000 HM ENGINES PTY LTD $61,000 SOUTH EAST MELBOURNE MANUFACTURERS' IMPLANT SOLUTIONS PTY LTD $37,200 ALLIANCE INC $20,000

INDUSTRIAL BRUSHWARE PTY LTD $100,000 SWINBURNE UNIVERSITY OF TECHNOLOGY $49,000

INTERVET AUSTRALIA PTY LTD $25,000 THE VICTORIAN VERNIER SOCIETY INC $13,000

JARDAN AUSTRALIA PTY LTD $49,378 TOTAL $822,816 JEFF SYKES & ASSOCIATES PTY LTD $62,500

K H EQUIPMENT PTY LTD $100,800 REGIONAL AVIATION FUND

KEECH CASTINGS AUSTRALIA PTY LIMITED $70,000 ECHUCA AERO FUEL PTY LTD $70,000

KOSDOWN PRINTING CO PTY LTD $102,200 GANNAWARRA SHIRE COUNCIL $269,000

KRUEGER TRANSPORT EQUIPMENT PTY LTD $125,000 GOLDEN PLAINS SHIRE COUNCIL $893,943

LONGWARRY FOOD PARK PTY LTD $250,000 GREATER BENDIGO CITY COUNCIL $300,000

MELBOURNE DESK COMPANY PTY LTD $190,000 LATROBE CITY COUNCIL $100,000

MINIFAB (AUST) PTY LTD $57,000 NORTHERN GRAMPIANS SHIRE COUNCIL $291,000

PENTAL LIMITED $40,850 WANGARATTA RURAL CITY COUNCIL $150,000

PLASTOOL INTERNATIONAL PTY LTD $176,200 WEST WIMMERA SHIRE COUNCIL $53,270

RADEVSKI COOLSTORES PTY LTD $125,000 TOTAL $2,127,213

RAMELA PTY LTD $163,000 REGIONAL BLUEPRINT - INNOVATION THROUGH RELAY MONITORING SYSTEMS PTY LTD $250,000 CLUSTERS SATELIGHT DESIGN PTY LTD $26,200 BALLARAT ICT LTD $10,300 SYRINX PHARMACEUTICALS PTY LTD $125,000 CITY OF GREATER GEELONG $30,000 THE CAKE SYNDICATE PTY LTD $125,000 COMMITTEE FOR PORTLAND INC $10,000 THINK FENCING PTY LTD $93,000 EAST GIPPSLAND FOOD CLUSTER INCORPORATED $40,000 TRIMAS CORPORATION PTY LTD $125,000 EAST GIPPSLAND SHIRE COUNCIL $5,000 TRU-BLU OIL AUSTRALIA PTY LTD $63,000 ENTERPRISE ADVANTAGE PTY LTD $20,000 WATTLE ORGANIC FARMS PTY LTD $42,000 FRAME & TRUSS MANUFACTURERS WETSPOT CONSOLIDATED (VIC) PTY LTD $57,000 ASSOCIATION OF AUSTRALIA LIMITED $10,000

TOTAL $4,946,132 GMIC LIMITED $260,000 MILDURA DEVELOPMENT CORPORATION INC $2,782

VICTORIAN ASSOCIATION OF MICROBREWERIES INC $8,000

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 147 04 APPENDICES

REGIONAL BLUEPRINT - INNOVATION THROUGH VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY CLUSTERS CONT. – TRADE CONT. WIMMERA DEVELOPMENT ASSOCIATION A L C TRADING CO PTY LTD $2,000 INCORPORATED $24,500 A MAZE N THINGS PTY LTD $9,000 WOOD PRODUCTS VICTORIA LTD $15,000 ABATEMENT SOLUTIONS - ASIA PACIFIC PTY LTD $2,000 TOTAL $435,582 ACCURATE PROFILE ROLL FORMING PTY LTD $3,000

ACTIV INTERNATIONAL PTY LTD $6,000 REGIONAL BLUEPRINT - INDUSTRY CAPABILITY NETWORK ADDICTIVE ENTERTAINMENT AND TOURS PTY LTD $2,864 INDUSTRY CAPABILITY NETWORK (VICTORIA) LIMITED $521,293 ADVANCE VISION TECHNOLOGY (AUST.) PTY LTD $6,000

TOTAL $521,293 AESP PTY LTD $2,000

AFM INVESTMENT PARTNERS PTY LTD $3,000

TRANSITION TO A GLOBAL FUTURE AGRIBUSINESS GIPPSLAND INC $5,346 ABLE INDUSTRIES ENGINEERING PTY LTD $4,000 AGRO COMMODITIES PTY LTD $3,000 AUSTRALIAN INDUSTRY & DEFENCE NETWORK AGROPRAISALS PTY LTD $2,429 INC - VICTORIA $22,500 AINE MURPHY $15,000 AUTOCRC LTD $31,500 AINSLEY BUDGE $5,000 CALBAH INDUSTRIES PTY LTD $125,000 AIR INTERNATIONAL THERMAL (AUSTRALIA) DIVER METAL PRODUCTS PTY LTD $150,000 PTY LTD $3,000 ELECTROMOLD AUSTRALIA PTY LTD $4,000 ALFRED HEALTH $6,000 OMNIBLEND PTY LTD $90,000 ALIGNER TECH PTY LTD $3,000 QINETIQ PTY LTD $4,000 ALISTAIR ROBERTSON $10,000 RPC TECHNOLOGIES PTY LTD $4,000 ALLEN KUZMANOVIC $15,000 UNIVERSAL LOGIC PTY LTD $115,000 ALMOND BOARD OF AUSTRALIA INC $5,000 WILSON TRANSFORMER COMPANY ALZHEIMERS DISEASE AND RELATED DISORDERS PROPRIETARY LIMITED $250,000 ASSOCIATION OF VICTORIA INC $1,855 TOTAL $800,000 AMAROO SHOREHAM PTY LIMITED $6,000

AME SYSTEMS PTY LTD $3,000 VGBO’S INTERNATIONAL NETWORK ANDERYAN PTY LTD $3,000 AUSTRALIA-CHINA YOUTH DIALOGUE $10,000 ANISH KAMALKISHORE BAHETI $3,000 TOTAL $10,000 ANNEX FOODS PTY LTD $10,750

VICTORIA - LEADER IN LEARNING APPLE & PEAR AUSTRALIA LIMITED $6,000 APW INTERNATIONAL PTY LTD $2,000 MELBOURNE CITY COUNCIL $50,000 AQUADEV PTY LTD $2,056 TOTAL $50,000 ARARAT ABATTOIRS EXPORTS PTY LTD $3,000 VICTORIAN INDUSTRY AND MANUFACTURING STRATEGY ARARAT MEAT EXPORTS PTY LTD $6,000 SAMMITR (AUSTRALIA) PTY LTD $20,505 ARGO COMPUTING SERVICES PTY LTD $2,846

TOTAL $20,505 ASCET INSTITUTE OF TECHNOLOGY PTY LTD $1,958 ASSOCIATED CONTROLS (AUSTRALIA) PTY LTD $3,000

VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY ATC WILLIAMS PTY LTD $2,000 – TRADE ATLANTIC GROUP (V) PTY LTD $3,000 7 CHEFS PTY LTD $7,398 ATLAS ADVISORS AUSTRALIA PTY LTD $2,000 A B FOOD & BEVERAGES AUSTRALIA PTY LIMITED $2,000 ATLITE (AUSTRALIA) PTY LTD $6,000

A C SMART LINK PTY LTD $3,000 AULIFE PTY LTD $2,000

148 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT. – TRADE CONT.

AURECON AUSTRALIA PTY LTD $2,646 BARKLY INTERNATIONAL COLLEGE PTY LTD $3,000

AUSPRO GROUP PTY LTD $3,000 BARRO GROUP PTY LTD $6,000

AUSSIEHOME REAL ESTATE PTY LTD $5,000 BARRY PIPPIN $10,000

AUSTAR INTERNATIONAL PTY LTD $3,000 BELLINGHAM MARINE AUSTRALIA PTY LTD $3,000

AUST-GRAIN EXPORTS PTY LTD $3,000 BEMCO (AUSTRALIA) PTY LTD $12,000

AUSTRALASIAN ACADEMY OF TENNIS COACHES BENDIGO TAFE $3,000 PTY LTD $4,845 BENJAMIN BUCHANAN $15,000 AUSTRALASIAN PODIATRY COUNCIL $3,000 BEONIC TECHNOLOGIES PTY LTD $2,271 AUSTRALASIAN WINE EXPORTERS PTY LTD $9,377 BERKELEY COLLEGE PTY LTD $6,000 AUSTRALIA CHINA BUSINESS COUNCIL $3,000 BERRAWORTH EXPORTS PTY LTD $3,000

AUSTRALIA FRUITS PTY LTD $2,789 BGH INTERNATIONAL PTY LTD $2,503

AUSTRALIA LIAN HE PTY LTD $5,000 BGP INTERNATIONAL PTY LTD $3,000

AUSTRALIAN AUTOMOTIVE AFTERMARKET BIBTECH PTY LTD $3,000 ASSOCIATION LIMITED $5,000 BIM CONSULTING PTY LTD $3,000 AUSTRALIAN CHUMMIN PTY LTD $3,000 BISON UNITED PTY LTD $5,842 AUSTRALIAN CONSOLIDATED MILK PTY LTD $3,000 BIZ CATALYST PTY LTD $2,821 AUSTRALIAN DAIRY PARK PTY LTD $3,000 BJSB PTY LTD $3,000 AUSTRALIAN FINE FOODS PTY LTD $8,000 BLACKJACK WINES PTY LTD $3,000 AUSTRALIAN INDUSTRY & DEFENCE NETWORK - VICTORIA INC $2,000 BLEND AND PACK PTY LTD $3,000

AUSTRALIAN INSTITUTE OF TECHNICAL BLERICK PTY LTD $3,000 TRAINING PTY LTD $6,000 BLUE BIRD PRODUCTS AUSTRALIA PTY LTD $3,000 AUSTRALIAN LAMB COMPANY PTY LTD $3,000 BLUE PYRENEES ESTATE PTY LTD $6,813 AUSTRALIAN NATIONAL COLLEGE PTY LTD $6,000 BLUESTARS REAL ESTATE PTY LTD $3,000 AUSTRALIAN ORGANIC HONEY COMPANY PTY LIMITED $2,000 BODSQUAD AUSTRALIA PTY LTD $2,000

AUSTRALIAN PRIME XPORT BEEF PTY LTD $3,000 BOGDAN INVESTMENTS PTY LTD $6,866 BONKERS TRADING GROUP PTY LTD $8,000 AUSTRALIAN PROVINCIAL CHEESE PTY LTD $8,000 BOUTIQUE BEVERAGES (VIC) PTY LTD $1,808 AUSTRALIAN TABLEGRAPE ASSOCIATION INC $5,000 BOX GROVE VINEYARD $3,000 AUSTRALIAN UNITY LIMITED $3,000 BOX HILL INSTITUTE OF TAFE $11,600 AUSTRALIAN WINE TOUR COMPANY PTY LTD $6,000 BRIGHTSTONE CAPITAL ADVISORS PTY LTD $5,000 AUTOCRC LTD $3,000 BRIMIN PARK PTY LTD $3,000 AUTOMOTIVE PERFORMANCE SOLUTIONS PTY LTD $2,841 BROKERS ENVIRONMENTAL PTY LTD $7,000

AV ASSIST PTY LTD $3,000 BROWN BROTHERS MILAWA VINEYARD PTY LIMITED $2,000 AVALON AIRPORT AUSTRALIA PTY LTD $6,000 BUCHAN GROUP INTERNATIONAL PTY LTD $3,000 AVARA TECHNOLOGIES PTY LTD $2,744 BULPADOK PTY LTD $3,000 AVIA AIRCRAFT PTY LTD $3,000 BURRA FOODS PTY LTD $3,000 AVIATION COMPLIANCE SOLUTIONS PTY LTD $3,000 BUSH HERITAGE AUSTRALIA $2,000 AXFORD OLSZEWSKI STRATEGIES PTY LTD $3,000 BUSINESS INTELLIGENCE TECHNOLOGIES PTY B BURRELL & S J FRIEND $2,000 LTD $6,000

B W & J RYAN PROPRIETARY LIMITED $3,000 C LEARNING PTY LTD $3,000

BAPTISTA WINES PTY LTD $3,000 C S & N S MARCH PTY LTD $5,000

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 149 04 APPENDICES

VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT. – TRADE CONT. C T FREIGHT PTY LTD $5,015 COMPLETE POST PRODUCTION CENTRE PTY LTD $3,000

CAPRICORNIA PTY LTD $9,000 COMPUTIST BIO-NANOTECH PTY LTD $3,000

CARAMELICIOUS $2,000 CONSTRAINT TECHNOLOGIES INTERNATIONAL PTY LIMITED $4,857 CARBON MARKET INSTITUTE LIMITED $1,910 CONTEMPLATIVE PTY LTD $2,000 CAREER LIFE COLLEGE PTY LTD $3,000 CONTRACT HELIS PTY LTD $3,000 CAREERS FAST TRACK PTY LTD $2,000 CONTRACT KEGS PTY LTD $5,000 CASALINGO FOODS PTY LTD $2,000 CORONA MANUFACTURING PTY LTD $3,000 CASTLE TOURISM AND ENTERTAINMENT PTY LTD $3,000 COUNTRY CUISINE (AUST) PTY LTD $6,000

CATALYST ASIA TRADE EXCHANGE (AUS) PTY LTD $3,000 COX ARCHITECTURE PTY LTD $3,000

CBRE (C) PTY LIMITED $3,000 CPT GLOBAL LIMITED $6,000

C-COR BROADBAND AUSTRALIA PTY LTD $3,000 CRAIG DAVIES PTY LTD $2,000

CEDAR MEATS (AUST) PTY LIMITED $2,000 CRC FOR WATER SENSITIVE CITIES LTD $3,000

CEI PTY LIMITED $3,000 CROW CAMS AUSTRALIA PTY LTD $2,000

CELEMETRIX AUSTRALIA PTY LTD $3,000 CROWN MELBOURNE LIMITED $6,000

CENTRAL GIPPSLAND INSTITUTE OF TAFE $3,000 CRUSHING EQUIPMENT PTY LTD $2,000

CENTRAL HIGHLANDS AGRIBUSINESS FORUM CUMPARI PASTA COMPANY PTY LTD $5,550 INC $5,642 DAIRY AUSTRALIA LIMITED $3,000 CENTRE FOR AGRICULTURE AND BUSINESS YARRA VALLEY INC $5,704 DAKKA TRADING PTY LTD $3,000

CERTAINTY COMPLIANCE PTY LTD $2,000 DAVID LOCK ASSOCIATES (AUSTRALIA) PTY LTD $2,956

CERTATECH HOLDINGS PTY LTD $3,000 DAYCO AUSTRALIA PTY LIMITED $3,000

CERTIFIED FRESH (AUSTRALIA) PTY LTD $3,000 DC CAPITAL ADVISORS PTY LTD $5,000

CETEC PTY LTD $3,000 DEAKIN UNIVERSITY $8,779

CHAMBER MUSIC AUSTRALIA INC $3,000 DESTINATION PHILLIP ISLAND INC $8,583

CHASSIS BRAKES INTERNATIONAL (AUSTRALIA) DISCOVER ENGLISH PTY LTD $4,994 PTY LTD $1,044 DOOEN ENGINEERING SERVICES PTY LTD $3,000 CHATEAU YERING HISTORIC HOUSE HOTEL PTY LTD $3,000 DOWNUNDER RECREATIONAL TOURS PTY LTD $7,412

CHERIE MACKLIN $10,000 DPMENG PTY LTD $7,994

CHERISH INTERNATIONAL PTY LTD $3,000 DRIVER EDUCATION CENTRE OF AUSTRALIA LIMITED $3,000 CHISHOLM INSTITUTE OF TECHNICAL AND FURTHER EDUCATION $4,603 DULUXGROUP (AUSTRALIA) PTY LTD $6,000

CIRCA GROUP PTY LTD $3,000 DURATRAY INTERNATIONAL PTY LTD $2,000

CITOLA LTD $9,000 DZHON PTY LTD $2,000

CITRUS AUSTRALIA LTD $2,658 EACH $3,000

CITY LIVING (AUST) PTY LTD $3,000 EARTH SYSTEMS CONSULTING PTY LTD $5,497

CITY OF GREATER GEELONG $3,000 EAST GIPPSLAND FOOD CLUSTER INCORPORATED $5,852

CITY OF WHITTLESEA $2,000 EASYCHEF PTY LTD $2,000

CLAIRE SHEED-FINCK $10,000 E-CENTRICINNOVATIONS PTY LTD $3,000

CLARINOX TECHNOLOGIES PTY LTD $3,000 ECO PACIFIC PTY LTD $3,000

CLEAN TEQ LIMITED $2,000 ECOTECH PTY LTD $4,382

COMMSFORCE PTY LTD $3,000 EEC INTERNATIONAL PTY LTD $3,000

COMPELLING ECONOMICS PTY LTD $3,000 ELENBERG FRASER PTY LTD $3,000

150 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT. – TRADE CONT.

EMERALD GRAIN PTY LTD $3,000 GAP AUSTRALIAN PRODUCE EXPORTS PTY LTD $3,000

EMERALD TOURIST RAILWAY BOARD $8,844 GASCO PTY LTD $2,000

EMERGENCY WARNING SYSTEMS PTY LTD $5,999 GAUDI DESIGN PTY LTD $3,000

ENTERPRISE ARCHITECTS (VIC) PTY LTD $3,000 GDV GLOBAL DIGITAL VISION PTY LTD $2,616

ENVEST ECO CITY PTY LTD $3,000 GEELONG PERFORMING ARTS CENTRE $2,887

ENVIROSTREAM SOLUTIONS PTY LTD $3,000 GELATAVITA MANAGEMENT PTY LTD $3,000 EPWORTH FOUNDATION $3,000 GENIUS LINK ASSETS MANAGEMENT PTY LTD $2,388 EQUUS INTERNATIONAL $3,000 GENIX VENTURES PTY LTD $7,968 ESSENTIAL ECONOMICS PTY LTD $3,000 GEO AUSTRALIA PTY LTD $2,000 ESSENTIAL FLAVOURS AND INGREDIENTS PTY LIMITED $3,000 GET LOST TRAVEL PTY LTD $3,000

EVANS AND PARTNERS PTY LTD $3,000 GILES WADE PRIVATE WEALTH PTY LTD $3,000

EVISION PTY LIMITED $6,000 GIPPY FOODS PTY LTD $9,000

EXASITES PTY LTD $2,917 GLEN CAMERON NOMINEES PTY LTD $3,000

EXCELCON PTY LTD $3,000 GLICKS CAKES & BAGELS PTY LTD $2,000

EXCELSIOR INTERNATIONAL PTY LIMITED $2,785 GLOBAL BALLOONING AUSTRALIA PTY LTD $9,000

EXQUISINE PTY LTD $6,000 GLOBAL EDUCATION AND TRAINING GROUP PTY LTD $3,000 EXTRAGREEN HOLIDAYS (AUST) PTY LTD $3,000 GMS COMPOSITES PTY LTD $2,000 F R PERRY & ASSOCIATES PTY LTD $2,774 GOLDQUEST HOTELS PTY LIMITED $3,000 FABRIC GROUP PTY LTD $3,000 GOONA WARRA VINEYARD PTY LTD $10,000 FALCON CAPITAL PTY LTD $3,933 GOULBURN ENTERPRISES (AUSTRALIA) PTY LTD FARINET PTY LTD $2,765 $3,000

FBT-TRANSWEST PTY LTD $3,000 GOULBURN OVENS INSTITUTE OF TAFE $3,000

FELIX DOMUS PTY LIMITED $3,000 GRAHAM JONES INTERNATIONAL PTY LTD $2,804

FENDER KATSALIDIS (AUST) PTY LTD $3,000 GRANDCITY (AUSTRALIA) TRAVEL & TOUR PTY LTD $3,000 FIDELIA SYSTEMS (AUSTRALIA) PTY LTD $8,018 GRAY LINE OF MELBOURNE PTY LTD $8,428 FLASHFX PTY LTD $2,927 GREAT SOUTHERN TOURING ROUTE INC $9,000 FLEXANSWER SOLUTIONS PTY LTD $3,000 GREAT SOUTHERN WATERS PTY LTD $3,000 FLIGHT TECH AEROSPACE $3,000 GREENARD WILLING INDIA PTY LTD $3,000 FLOWERDALE SPROUT FARM PTY LTD $1,497 GREENARD WILLING PTY LTD $3,000 FMEVOLUTION PTY LTD $2,775 HARCOURT VALLEY VINEYARDS PTY LTD $10,000 FOOD FOR HEALTH PTY LTD $3,000 HARVEST BOX PTY LTD $9,000 FOURSIGHT ARCHITECTS PTY LTD $3,000 HATLAR GROUP PTY LTD $6,000 FRACTAL MULTIMEDIA PTY LIMITED $3,000 HEALTH CAREERS INTERNATIONAL PTY LTD FREE TO ROAM AUSTRALIA PTY LTD $3,000 $3,000

FRESH VENT PTY LTD $5,468 HELI-SERV PTY LTD $3,000

FREWSTAL PTY LTD $3,000 HF PROMOTIONS PTY LTD $6,000

FULCRUM MANUFACTURING EXPORT PTY LTD $3,000 HOLMESGLEN INSTITUTE OF TAFE $3,000

G21 AGRIBUSINESS FORUM INC $5,653 HOOGWEGT AUSTRALIA PTY LTD $3,000

GADENS LAWYERS $3,000 HUW SLATER $5,000

GAMM FOODS PTY LTD $2,000 HYDRONUMERICS PTY LTD $7,000

HYPERLOCAL PTY LTD $4,870

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 151 04 APPENDICES

VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT. – TRADE CONT. IAN PARKER $5,000 KOOKA'S COUNTRY COOKIES PTY LTD $2,000

IBUILD DEVELOPMENTS PTY LTD $3,000 KOTCH ENTERPRISES PTY LTD $3,000

INDEPENDENT MANAGEMENT GROUP PTY LTD $2,026 KUWAII $2,000

INFOACTIV LOGISTICS SOLUTIONS PTY LTD $3,000 L & B WORLDWIDE AUSTRALIA PTY LTD $3,000

INFRARISK PTY LTD $3,000 LA TROBE UNIVERSITY $9,000

INNOVATIVE MECHATRONICS GROUP PTY LTD $3,000 LAB ARCHITECTURE STUDIO PTY LTD $3,000

INTEGR8TIV PTY LTD $3,000 LADYS CREEK VINEYARD $3,000

INTEGRATED DESIGN & ENGINEERING LANGREY INTERNATIONAL PTY LTD $12,000 SOLUTIONS PTY LTD $3,000 LANGUAGE PARTNER PTY LTD $3,000 INTERAUST FOODS PTY LTD $5,000 LATROBE CITY COUNCIL $3,000 INTERNATIONAL EDUCATION ACADEMIES GROUP PTY LTD $2,708 LEADING AGE SERVICES AUSTRALIA - VICTORIA $6,000

INTERNATIONAL MARKETING AUSTRALIA PTY LEARNING DIMENSIONS NETWORK PTY LTD $3,000 LTD $8,000 LENBRIDGE FORGE PTY LTD $3,000 INTERNATIONAL SUPPLIES & DISTRIBUTION COMPANY PTY LTD $4,772 LEO PRIESTNALL $15,000

INTERNATIONAL URBAN STRATEGIES PTY LTD $5,790 LISA BARRON PTY LTD $2,000

INTRINSIC INVESTMENT MANAGEMENT PTY LTD $3,000 LISKIBRAE PTY LTD $3,000

IPM TECHNOLOGIES PTY LTD $3,000 LONG FENG INTERNATIONAL AUSTRALIA PTY LTD $2,418

IROAM GLOBAL PTY LTD $2,826 M NGUYEN & V A NGUYEN $2,000

I-TELERAD PTY LTD $3,000 M3 PROPERTY (VIC) PTY LTD $3,000

ITO EN AUSTRALIA PTY LIMITED $2,000 MADE (AUST) PTY LTD $3,000

JACK DWYER $10,000 MAINLINE AUTOMOTIVE EQUIPMENT PTY LTD $3,000

JARROD CLAGUE $15,000 MAINSTREAM AQUACULTURE PTY LTD $8,000

JDLF INTERNATIONAL PTY LTD $6,000 MALVERN INSTITUTE PTY LTD $3,000

JOE SWEENEY $10,000 MANALLACK PROPRIETARY LIMITED $3,000

JOHN RONEY $5,000 MANDEL TRADING PTY LTD $3,000

JOLET UCCHINO $3,000 MANDURANG VALLEY WINES $3,000

JOSHUA HEMMING $10,000 MARINE TECH INDUSTRIES AUSTRALIA PTY LTD $2,564

JUDY DIANNE MAYALL $2,000 MARWA FOODS PTY LTD $3,000

JULIEN LEYRE $10,000 MATIM PTY LTD $6,000

KADU F & B SOLUTIONS PTY LTD $3,000 MBD ENERGY LIMITED $3,000

KANGAN INSTITUTE $8,945 MCCARTHY PSYCHOLOGY SERVICES PTY LTD $3,000

KAREN KNOWLES ENTERPRISES PTY LTD $5,000 MCG INTERNATIONAL PTY LTD $2,000

KBSG PTY LTD $3,000 MCLEAN DELMO BENTLEYS PTY LTD $5,000

KERR & CO TRADING PTY LTD $3,000 MCLEOD RAIL PTY LTD $2,000

KEY CREATIVE PTY LTD $6,000 MCOMMS DESIGN PTY LTD $3,000

KILBAHA PTY LTD $2,659 MEAT TENDER PTY LTD $10,000

KIM FLETCHER MILLINERY ART $4,845 MEATENG PTY LTD $9,000

KINGFISHER INTERNATIONAL PTY LTD $3,000 MECWA $3,000

KINRARA PTY LTD $2,000 MEDHURST WINES PTY LTD $3,000

KOALA COUNTRY ORCHARDS PTY LTD $3,000 MEDIA EQUATION PTY LTD $2,990

KOKO BLACK GROUP PTY LTD $2,476 MEDIAPROXY PTY LTD $3,000

152 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT. – TRADE CONT.

MEGA CONSOLIDATED AUSTRALIA PTY LTD $2,000 NET BALANCE MANAGEMENT GROUP PTY LTD $5,000

MELBOURNE BUSINESS COACHING PTY LTD $2,000 NEUROSCIENCES VICTORIA LIMITED $3,000

MELBOURNE CITY COUNCIL $6,000 NEXT DIGITAL GROUP PTY LTD $2,886

MELBOURNE CONVENTION BUREAU LIMITED $4,513 NEXTEER AUTOMOTIVE AUSTRALIA PTY LTD $2,923

MELBOURNE EUREKA TOWER OBSERVATION NEXUS DESIGNS PTY LTD $3,000 DECK PTY LTD $6,000 NEZKOT PTY LIMITED $2,000 MELBOURNE HEALTH $3,000 NG TECHNOLOGY PTY LTD $3,000 MELBOURNE PRIVATE TOURS $2,727 NICHOLAS MANZONI $5,000 MELBOURNE SHORT STAY APARTMENTS PTY LTD $6,000 NIGEL ALDONS $5,000 MEMKO PTY LTD $3,000 NORTHERN GRAMPIANS SHIRE COUNCIL $3,000 MEREDITH DAIRY PTY LTD $6,000 NORTHERN MELBOURNE INSTITUTE OF TAFE $6,000 METALSA AUSTRALIA PTY LIMITED $3,000 NOVATTI PTY LTD $3,000

MEYA INNOVATIONS PTY LTD $6,000 NSYNERGY PTY LTD $3,000

MIDDLE CREEK VINEYARD PTY LTD $4,869 O1A INTERNATIONAL PTY LTD $6,000

MIGENIUS PTY LTD $3,000 OASIS EXPORTS PTY LTD $3,000

MILSPEC MANUFACTURING PTY LTD $2,000 OBENA FALLS PTY LTD $7,000

MIND BLOWING FILMS PTY LTD $5,000 OCEANIA GOURMET PTY LTD $3,000

MINNIS HORTICULTURAL SERVICES PTY LTD $2,161 OMEGA GLOBAL INVESTORS PTY LTD $5,000

MINT PERSONNEL PTY LTD $3,000 OMG IMPORTS PTY LTD $3,000

MINT TRAINING PTY LTD $3,000 OPEN CHANNEL CO-OPERATIVE LIMITED $3,000

MODO ARCHITECTURE PTY LTD $3,000 OPTIMISING PTY LTD $2,928

MONARCH INSTITUTE PTY LTD $3,000 OPTOTECH PTY LTD $6,000

MONASH UNIVERSITY $12,000 OURSAY PTY LTD $2,130

MOORABBIN AIRPORT CORPORATION PTY OUTLOOK HILL $3,000 LIMITED $3,000 OXLEY INTERNATIONAL PTY LTD $1,945 MORGAN STANLEY WEALTH MANAGEMENT AUSTRALIA PTY LTD $2,000 P R BICKNELL & P A BICKNELL $2,000

MORNINGTON PENINSULA SHIRE COUNCIL $9,000 PADGHAM & COX PTY LTD $3,000

MORSEAIR SYSTEMS PTY LTD $2,000 PALM CONSOLIDATED PTY LTD $3,000

MOUNT BULLER AND MOUNT STIRLING RESORT PANA CHOCOLATE PTY LTD $3,000 MANAGEMENT BOARD $6,000 PAPERCUT SOFTWARE INTERNATIONAL PTY LTD $6,000 MULTIPANEL PTY LTD $3,000 PASSION FOR PASTA PTY LTD $2,727 MURPHY TRANSPORT SOLUTIONS PTY LTD $3,000 PCR AUSTRALASIA PTY LTD $6,000 MURRAY RIVER ORGANICS PTY LTD $12,000 PDG MANAGEMENT PTY LTD $3,000

MURRINDINDI VINEYARDS PTY LTD $3,000 PEDDLE THORP MELBOURNE PTY LTD $3,000

MUSEUM OF CHINESE AUSTRALIAN HISTORY PEERCORE IT PTY LTD $6,000 INCORPORATED $3,000 PEERLESS HOLDINGS PTY LIMITED $2,000 MYL PTY LTD $3,000 PENINSULA HELICOPTERS PTY LTD $3,000 N D Y MANAGEMENT PTY LTD $2,000 PENINSULA HOT SPRINGS PTY LTD $5,904 NAGAMBIE WINE CORPORATION PTY LTD $3,000 PENINSULA SEAROAD TRANSPORT PTY LTD $6,000 NATIONAL AGEING RESEARCH INSTITUTE LIMITED $3,000 PERFETTO INTERNATIONAL PTY LTD $3,000

NEGOTIACTION PTY LTD $3,000 PERIPLOI AVIATION $3,000

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 153 04 APPENDICES

VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT. – TRADE CONT. PETERS COMMODITIES PTY LTD $5,000 SAFEROADS PTY LTD $3,000

PHILLIP CAPITAL LIMITED $2,000 SAFIR TOURS PTY LTD $2,650

PHILLIP ISLAND NATURE PARK BOARD OF SALLY BURCHARD $10,000 MANAGEMENT INC $6,000 SALUS HEALTHCARE PTY LTD $3,000 PHILLIPPA'S PTY LTD $3,000 SAMPLE ROOM (VIC) PTY LTD $5,000 PILOT ATHLETIC PTY LTD $3,000 SANCELL PTY LTD $2,821 PILOT FREIGHT PTY LTD $2,048 SANDHURST RIDGE $8,000 PLANISPHERE PTY LTD $1,912 SANJUKU INTERNATIONAL $2,082 PLANNING INSTITUTE OF AUSTRALIA LIMITED $3,000 SASK INTERNATIONAL EXPORT & IMPORT PTY PLASTAG PTY LTD $3,000 LTD $6,186

POINT OF ORIGIN PTY LTD $13,698 SAVANNAH'S FOODS PTY LTD $2,000

POLYGLOT PUPPET THEATRE LTD $3,000 SCOPEASIA PTY LTD $3,000

POLYMERIC POWDERS COMPANY PTY LTD $2,000 SCORPIO FOODS PTY LTD $4,954

PONTE (GFS) PTY LTD $6,000 SEAN MAHER $10,000

POPINA (VIC) PTY LTD $5,000 SEANG SENG (SEAN) YEOH $15,000

POPPET INTERNATIONAL PTY LTD $5,817 SELECT HARVESTS FOOD PRODUCTS PTY LTD $7,000

PREMIUM AUSTRALIAN FOODS PTY LTD $3,000 SERLINA CHU $10,000

PRO PORTION FOODS PTY LTD $6,000 SEVEN FIELDS OPERATIONS PTY LTD $3,000

PYROTEK PTY LTD $3,000 SEVEN PEAKS CONSULTING PTY LTD $2,000

QUEEN STREET PARTNERS PTY LIMITED $2,583 SGS ECONOMICS AND PLANNING PTY LTD $2,839

R & R GROUP SERVICES PTY LTD $3,000 SINGLE SERVE PACKAGING PTY LTD $3,350

R HAN & D HUANG $2,918 SKY SOFTWARE PTY LTD $3,000

R I MCAULIFFE & R J MCAULIFFE $4,000 SM@RTTRANS LTD $3,000 R J & R C INVESTMENTS PTY LIMITED $2,827 SNAKES AND LADDERS CIDER PTY LTD $1,699 RADEVSKI COOLSTORES PTY LTD $3,000 SOUTH GIPPSLAND WINE COMPANY PTY LTD $3,000 RAINBOW INTERNATIONAL ENTERPRISES PTY SOUTHERN CROSS COMPUTER SYSTEMS PTY LIMITED $3,000 LTD $3,000 RALPHS MEAT COMPANY PTY LTD $3,000 SOUTHERN PRODUCE TRADERS PTY LTD $1,992 RAMDRAFT PTY LTD $3,000 SOUTHGATE HOTEL MANAGEMENT PTY LTD $3,000 RANDALL ARTS MANAGEMENT PTY LTD $3,000 SPACES PTY LTD $3,000 RAPHAEL MCQUEENIE $5,000 SPECIALISED INVESTMENT AND LENDING RAVEN PARK PTY LTD $3,000 CORPORATION PTY LTD $5,000

RAYNER'S ORCHARD $3,000 SPECTRUM MS PTY LTD $3,000

RECTIFIER TECHNOLOGIES PACIFIC PTY LTD $5,563 SPEEDSHIELD TECHNOLOGIES PTY LTD $3,000

REDBACK HEALTH SERVICES PTY LTD $3,000 SPICE TELECOM AUSTRALIA PTY LTD $6,000

RELAY MONITORING SYSTEMS PTY LTD $3,000 SPIIRE AUSTRALIA PTY LTD $6,000

ROB DOLAN WINES PTY LTD $3,000 SPRUIK GROUP (AUSTRALIA) PTY LTD $3,000

ROMTECK PTM PTY LTD $3,000 STAGONO PTY LTD $7,000

RONSON GEARS PROPRIETARY LIMITED $2,000 STONESTAR WHOLESALE PTY LTD $2,000

ROYAL MELBOURNE INSTITUTE OF TECHNOLOGY $17,381 STRATICA INTERNATIONAL PTY LTD $6,000

RYAN MEAT COMPANY PTY LTD $3,000 STREAMLINE SOLUTIONS PTY LIMITED $3,000

SAFE SLEEP SPACE PTY LTD $3,000 STUDIO 505 PROPRIETARY LIMITED $6,000

154 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY – TRADE CONT. – TRADE CONT. STUMPY GULLY VINEYARD PTY LTD $3,000 THREE LAMBS PTY LTD $5,000

SUE HODGES PRODUCTIONS PTY LTD $2,000 TOBY DICKSON $5,000

SUMMERFRUIT AUSTRALIA LIMITED $11,000 TRACT CONSULTANTS PTY LTD $3,000

SUN HEALTH FOODS PTY LTD $6,000 TRADEWORTHY PTY LTD $3,000

SUNNY RIDGE EPICURE PTY LTD $3,000 TRAINSEM PTY LTD $3,000

SUNRAYSIA DRIED FRUITS PTY LTD $3,000 TREASURE GROUP PTY LTD $1,838

SUPACAT PTY LTD $3,000 TRIMBLE PLANNING SOLUTIONS PTY LTD $6,000

SUSTAINABILITY VENTURES PTY LTD $3,000 TRISTAN TAN $5,000

SUSTAINABLE MELBOURNE FUND $1,953 TRISTAR AVIATION COMPANY PTY LTD $3,000

SWINBURNE UNIVERSITY OF TECHNOLOGY $8,870 TRUE EDUCATION PTY LTD $3,000

SYME ON YARRA PTY LTD $3,000 TWO BULLS HOLDINGS PTY LTD $3,000

SYPAQ SYSTEMS PTY LTD $3,000 UNIFIED HEALTHCARE GROUP PTY LTD $3,000

TAG ASSET CONSULTING GROUP PTY LTD $2,718 UNIVERSAL BAKERY AUSTRALIA PTY LTD $1,946

TECH RESOURCE - TECHNOLOGY, TEAMS, TALENT $3,000 UNIVERSITY OF MELBOURNE $16,516

TECHNOSOURCE AUSTRALIA PTY LTD $3,000 UOM COMMERCIAL LTD $3,000

TECTURA PTY LTD $3,000 UPWEY VALVE & ENGINEERING PTY LTD $2,000

TEKMED PTY LTD $3,000 URBAN BIO SYSTEMS PTY LTD $3,000

TETFU TRADING PTY LTD $10,286 URBAN DEVELOPMENT INSTITUTE OF AUSTRALIA (VICTORIA) $9,000 THE AUSTRALIAN RETAILERS ASSOCIATION $3,000 URBAN REFORESTATION $2,309 THE AUSTRALIAN TABLE GRAPE ASSOCIATION $3,000 UTILIBILL PTY LTD $3,000 THE AUSTRALIAN TURNTABLE CO PTY LTD $3,000 VARCON CONSTRUCTIONS (AUST) PTY LTD $3,000 THE CAKE SYNDICATE PTY LTD $3,000 VASCO INVESTMENT MANAGERS LIMITED $5,000 THE DECOR CORPORATION PTY LTD $8,000 VEDALEON TECHNOLOGIES PTY LTD $3,000 THE EXPERIENCES GROUP PTY LTD $6,000 VENTURE DMG PTY LTD $1,788 THE GLOBAL FOUNDATION $3,000 VEYANCE BELTING PTY LTD $2,000 THE GOURMET NUT COMPANY PTY LTD $11,821 VICPAK PTY LTD $3,000

THE HAIRY ARM WINE COMPANY PTY LTD $3,000 VICTORIA INVESTMENTS AND PROPERTIES THE HANGING ROCK WINERY PTY LTD $3,000 PTY LTD $3,000

THE PERSONNEL RISK MANAGEMENT GROUP VICTORIA UNIVERSITY $4,650 PTY LTD $8,000 VICTORIAN AGRIBUSINESS COUNCIL INC $6,000

THE REGIMENTAL CONDIMENT COMPANY PTY VICTORIAN FARMERS FEDERATION $2,000 LTD $7,000 VICTORIAN PARTNERSHIP FOR ADVANCED THE ROYAL AGRICULTURAL SOCIETY OF VICTORIA COMPUTING LIMITED $3,000 LIMITED $5,000 VICTORIAN TAFE INTERNATIONAL INC $3,000 THE SCOTCHMANS HILL GROUP PTY LTD $2,378 VICTORIAN TRANSPORT ASSOCIATION INC $3,000 THE SOVEREIGN HILL MUSEUMS ASSOCIATION $6,000 VIN 888 PTY LTD $3,000 THE SWANN GROUP PTY LTD $2,000 VISIONSTREAM PTY LIMITED $3,000 THE VEGETABLE CONNECTION PTY LTD $2,345 VOICECAM $3,000 THE VICTORIAN HEALTHCARE ASSOCIATION LIMITED $3,000 VPAC INNOVATIONS PTY LTD $3,000

THERMO TRANSIT TECHNOLOGIES PTY LTD $3,000 VUPLEX GROUP PTY LTD $3,000

THOMSON ADSETT (VICTORIA) PTY LTD $3,000 WANDIN VALLEY FARMS $6,000

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 155 04 APPENDICES

VICTORIAN INTERNATIONAL ENGAGEMENT STRATEGY REGIONAL DEVELOPMENT VICTORIA – TRADE CONT. GRANTS WATTLE CLINIC PTY LTD $3,000 Grant payments totalling $155 million made to WEII INTERNATIONAL TRADING PTY LTD $3,000 companies and organisations in 2013-14 under WENIC PTY LTD $3,000 the department’s various RDV grants programs are WESTERN INSTITUTE OF TECHNOLOGY PTY LTD $3,000 detailed below. WILDLIFE COAST CRUISES PTY LTD $5,885 COMMUNITY SUPPORT FUNDING - WILLIAM ANGLISS INSTITUTE OF TAFE $3,000 COMMUNITY COMMITMENTS WILLIAM TAING $10,000 GREAT OCEAN ROAD COAST COMMITTEE INCORPORATED $900,000 WISA IRRIGATION SOLUTIONS PTY LTD $3,000 LIONS CLUB OF KERANG INC $5,000 WODONGA INSTITUTE OF TAFE $3,000 NOWEYUNG LTD $315,000 YARRA RANGES REGIONAL MARKETING LTD $5,445 THE BENDIGO TRUST $50,000 YARRA VALLEY SNACK FOODS PTY LTD $2,000 WHITTLESEA AGRICULTURAL SOCIETY YORKE INSTITUTE PTY LTD $3,000 INCORPORATED $3,000 YOUHI AUSTRALIA PTY LTD $3,000 WONTHAGGI CITIZENS BAND INC $32,000 YOUNES KHAZOUR $2,000 TOTAL $1,305,000 ZHI HONG (AUST) GROUP PTY LTD $3,000 ZILZIE WINES PTY LTD $2,000 CSF FUNDING - COMMUNITY FACILITIES: SUPPORTING ZINGLER & ASSOCIATES PTY LTD $5,732 GROWING COMMUNITIES, BUSHFIRE AREAS PROGRAM LABERTOUCHE & DISTRICT COMMUNITY CENTRE ZOE HATTEN $5,000 INC $18,750 ZOOLOGICAL PARKS AND GARDENS BOARD $3,000 LATROBE CITY COUNCIL $30,000 ZOYU SOLUTION PTY LTD $6,000 MURRINDINDI SHIRE COUNCIL $84,000 TOTAL $2,521,548 YARRA RANGES SHIRE COUNCIL $18,000

TOTAL $150,750 WORKFORCE PARTICIPATION TRUST YOUTH CONNECT INC $266,832 CSF FUNDING - VICTORIAN COMMUNITY SUPPORT TOTAL $266,832 ALPINE SHIRE $20,320

BAW BAW SHIRE COUNCIL $10,000 YOUTH EMPLOYMENT SCHEME CORANGAMITE SHIRE COUNCIL $40,000 DEPARTMENT OF EDUCATION AND EARLY CHILDHOOD DEVELOPMENT VICTORIA $720,000 GANNAWARRA SHIRE COUNCIL $91,627

DEPARTMENT OF ENVIRONMENT AND PRIMARY GREATER SHEPPARTON CITY COUNCIL $27,000 INDUSTRIES VICTORIA $67,500 MANSFIELD SHIRE COUNCIL $17,000 DEPARTMENT OF TREASURY AND FINANCE VICTORIA $103,500 MOORABOOL SHIRE COUNCIL $26,822

GOLDFIELDS EMPLOYMENT AND LEARNING PENINSULA HEALTH $23,868 CENTRE INC $64,200 SWAN HILL RURAL CITY COUNCIL $223,200 MENTOR HUMAN RESOURCES PTY LTD $16,400 TOTAL $479,837 ST KILDA YOUTH SERVICE INC $46,800

SUNRAYSIA & MURRAY GROUP TRAINING FARMERS MARKETS SUPPORT PROGRAM LIMITED $61,200 BAW BAW SHIRE COUNCIL $18,000 THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF VICTORIA INCORPORATED $63,670 FRIENDS OF ST BRIGID'S ASSOCIATION INC $10,000

WHITE LION INCORPORATED $15,000 GOLDEN PLAINS SHIRE COUNCIL $27,500

YOUTH CONNECT INC $55,375 HEPBURN SHIRE COUNCIL $7,500

TOTAL $1,213,645 HUME MURRAY FOOD BOWL $10,000

156 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

FARMERS MARKETS SUPPORT PROGRAM CONT. NATURAL DISASTER RELIEF CONT. LOCAL FOOD CONNECT INC $15,500 CENTRAL GOLDFIELDS SHIRE COUNCIL $164,839

MITCHELL SHIRE COUNCIL $4,500 CITY OF WHITTLESEA $10,861

MORNINGTON CHAMBER OF COMMERCE $2,000 CORANGAMITE SHIRE COUNCIL $23,215

RED GUM FOOD GROUP $2,000 CUTRI FRUIT PTY LTD $100,000

SOUTH GIPPSLAND SHIRE COUNCIL $5,000 DAVID ELDRIDGE PTY LTD $110,000

TRARALGON LIONS CLUB INC $750 EAST GIPPSLAND SHIRE COUNCIL $38,690

VICTORIAN FARMERS' MARKETS ASSOCIATION F J LENNE PTY LTD $50,000 INC $94,345 F K HENSGEN & J P HENSGEN $25,000 WEDDERBURN COMMUNITY HOUSE INC $7,500 FOUNDATION FOR RURAL AND REGIONAL TOTAL $204,595 RENEWAL $75,000

FREWSTAL PTY LTD $250,000

LIVING REGIONS LIVING SUBURBS G E & D A KENNEDY PROPRIETARY LIMITED $67,500

ANGLICAN TRUSTS CORPORATION OF THE GOLDACRES TRADING PTY LTD $29,500 DIOCESE OF GIPPSLAND $3,000 GRAYS BAKERY PTY LTD $50,000 AUSTRALIAN SUSTAINABLE HARDWOODS PTY LTD $150,000 GREATER SHEPPARTON CITY COUNCIL $8,445

DEPARTMENT OF JUSTICE VICTORIA $212,000 HAZELDENE'S CHICKEN FARM PROPRIETARY LIMITED $250,000 GEELONG FOOTBALL CLUB LIMITED $200,000 HEPBURN SHIRE COUNCIL $93,933 GEELONG PERFORMING ARTS CENTRE $50,000 HORSHAM RURAL CITY COUNCIL $50,356 GIPPSLAND PORTS COMMITTEE OF MANAGEMENT INC $100,000 LAMATTINA BEVERAGES PTY LTD $100,000

HORSHAM GOLF CLUB $145,000 LATROBE CITY COUNCIL $216,027

MALLEE FAMILY CARE INC $72,000 LODDON SHIRE COUNCIL $27,881

MARYSVILLE COMMUNITY GOLF & BOWLS MACEDON RANGES SHIRE COUNCIL $7,000 CLUB INC $950,000 MANNA FARMS $20,000 MURRINDINDI SHIRE COUNCIL $181,000 MATTINA FRESH PTY LTD $40,000 TOURISM VICTORIA $20,000 MCPHERSON'S PRINTING PTY LTD $100,000 YARRA RANGES SHIRE COUNCIL $99,000 MILDURA RURAL CITY COUNCIL $21,350 TOTAL $2,182,000 MITCHELL SHIRE COUNCIL $79,169

MARYSVILLE CONVENTION CENTRE MODERN SPECIALISED VEHICLES PTY LTD $50,000 MARYSVILLE HOTEL AND CONFERENCE CENTRE MOIRA MAC'S POULTRY AND FINE FOODS PTY PTY LTD $9,600,000 LTD $200,000

TOTAL $9,600,000 MORTLOCK HYDROPONICS PTY LTD $125,000 MURRINDINDI SHIRE COUNCIL $168,656 NATURAL DISASTER RELIEF NILLUMBIK SHIRE COUNCIL $16,550 ARARAT RURAL CITY COUNCIL $15,250 NORTHERN GRAMPIANS SHIRE COUNCIL $63,295

BAW BAW SHIRE COUNCIL $125,655 OLAM ORCHARDS AUSTRALIA PTY LTD $300,000

BEECHWORTH HONEY EXPERIENCE PTY LTD $18,750 P R ADAMS PTY LTD $31,000

BULOKE SHIRE COUNCIL $20,860 PAARHAMMER PTY LTD $50,000

C T & S A DONOVAN $60,000 PYRENEES SHIRE COUNCIL $90,337

CAMPASPE SHIRE COUNCIL $8,000 SEVEN FIELDS PTY LTD $125,000

CAMPBELLS WINES PTY LTD $56,250 SHIRE OF MOYNE $7,000

CASTLE TOURISM AND ENTERTAINMENT $50,000 SHIRE OF TOWONG $111,700

CATHEDRAL MOUNTAIN CHRISTIAN CENTRE INC $100,000 SOUTH GIPPSLAND SHIRE COUNCIL $7,965

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 157 04 APPENDICES

NATURAL DISASTER RELIEF CONT. REGIONAL BLUEPRINT - LOCAL SKILLS PARTNERSHIPS CONT. SOUTHERN STOCKFEEDS (OPERATIONS) PTY LTD $75,000 LATROBE CITY COUNCIL $20,000 STRZELECKI ENGINEERING PTY LTD $25,000 MANSFIELD SHIRE COUNCIL $50,000 THE OUTDOOR EDUCATION GROUP $50,000 NORTHERN GRAMPIANS SHIRE COUNCIL $35,800 TRUE FOODS PTY LTD $50,000 PYRENEES SHIRE COUNCIL $33,750 VEGCO PTY LTD $120,000 SHIRE OF TOWONG $37,500 VIC FEED GROUP PTY LTD $50,000 SOUTHERN GRAMPIANS SHIRE COUNCIL $33,750 WANGARATTA RURAL CITY COUNCIL $50,750 SURF COAST SHIRE $37,500 WELLINGTON SHIRE COUNCIL $89,014 YARRIAMBIACK SHIRE COUNCIL $37,500 YARRA RANGES SHIRE COUNCIL $15,956 TOTAL $620,300 YARRIAMBIACK SHIRE COUNCIL $14,633

TOTAL $4,350,387 REGIONAL BLUEPRINT - PLANNING FOR TOMORROW NETWORKED RURAL COUNCILS BALLARAT CITY COUNCIL $59,886 MUNICIPAL ASSOCIATION OF VICTORIA $795,000 BAW BAW SHIRE COUNCIL $24,500

TOTAL $795,000 BOROUGH OF QUEENSCLIFFE $49,500 CORANGAMITE SHIRE COUNCIL $20,000

REGIONAL BLUEPRINT - SUSTAINABLE SMALL TOWNS DEAKIN UNIVERSITY $50,000 PROGRAM EAST GIPPSLAND SHIRE COUNCIL $1,203 ARARAT RURAL CITY COUNCIL $115,000 LAKE MOUNTAIN ALPINE RESORT CORANGAMITE SHIRE COUNCIL $150,000 MANAGEMENT BOARD $8,500

EAST GIPPSLAND SHIRE COUNCIL $75,000 LATROBE CITY COUNCIL $1,786

GREATER SHEPPARTON CITY COUNCIL $50,000 MILDURA RURAL CITY COUNCIL $5,000

HINDMARSH SHIRE COUNCIL $71,500 MITCHELL SHIRE COUNCIL $25,415

MOUNT ALEXANDER SHIRE COUNCIL $81,000 MURRINDINDI SHIRE COUNCIL $35,000

MURRINDINDI SHIRE COUNCIL $150,000 SOUTH GIPPSLAND SHIRE COUNCIL $33,000

SHIRE OF TOWONG $117,000 SURF COAST SHIRE $100,000

SWAN HILL RURAL CITY COUNCIL $150,000 SWAN HILL RURAL CITY COUNCIL $10,000

WEST WIMMERA SHIRE COUNCIL $117,250 WELLINGTON SHIRE COUNCIL $5,000

TOTAL $1,076,750 TOTAL $428,790

REGIONAL BLUEPRINT - LOCAL SKILLS PARTNERSHIPS REGIONAL BLUEPRINT - YOUNG PROFESSIONALS CADET ALPINE SHIRE $12,000 PROGRAM ARARAT RURAL CITY COUNCIL $33,750 ARARAT RURAL CITY COUNCIL $4,250

BAW BAW SHIRE COUNCIL $25,000 AUSRAPID INC $8,000

BENALLA RURAL CITY COUNCIL $33,750 AUSTRALIAN EATWELL PTY LTD $3,750

BULOKE SHIRE COUNCIL $30,000 B M CONSULTING ENGINEERS $7,500

CAMPASPE SHIRE COUNCIL $25,000 BENALLA HEALTH $12,750

CENTRAL GOLDFIELDS SHIRE COUNCIL $33,750 BENTROL PTY LTD $1,000

CITY OF GREATER GEELONG $25,000 BULOKE SHIRE COUNCIL $12,750

DESTINATION GIPPSLAND LTD $15,000 CAMPASPE SHIRE COUNCIL $3,750

GANNAWARRA SHIRE COUNCIL $30,000 CARDELL ACCOUNTANTS PTY LTD $3,750

GOLDEN PLAINS SHIRE COUNCIL $37,500 CROSSCO CONSULTING PTY LTD $1,000

HORSHAM RURAL CITY COUNCIL $33,750 CROWTHER & SADLER PTY LTD $1,000

158 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

REGIONAL BLUEPRINT - YOUNG PROFESSIONALS CADET REGIONAL DEVELOPMENT AUSTRALIA CONT. PROGRAM CONT. WANGARATTA RURAL CITY COUNCIL $70,000 DIMBOOLA PRIMARY SCHOOL $3,750 WARRNAMBOOL CITY COUNCIL $63,000 DUNSTAN FARMERS ENGINEERING PTY LTD $4,250 WELLINGTON SHIRE COUNCIL $3,000 ECOTECTURE DESIGN GROUP $3,750 WIMMERA DEVELOPMENT ASSOCIATION GANNAWARRA SHIRE COUNCIL $1,000 INCORPORATED $83,000

GERARD BRANDRICK & ASSOCIATES PTY LTD $1,000 TOTAL $696,824

GIPPSLAND LAKES COMMUNITY HEALTH $3,750 REGIONAL GROWTH FUND HOFMANN ENGINEERING PTY LTD $1,000 AGRIFOOD SKILLS AUSTRALIA LTD $135,000 MACEDON RANGES SHIRE COUNCIL $500 ALBERTON TIMBER & TREATMENT PLANT PTY MESSENGER'S PHARMACY $3,750 LTD $20,000 MURRAY MALLEE LOCAL LEARNING AND ALPINE SHIRE $1,300,000 EMPLOYMENT NETWORK INC $24,500 ALPINE TF PTY LTD $300,000 MURRINDINDI SHIRE COUNCIL $7,500 ALPINE VALLEYS VIGNERONS INC $3,000 RAINBOW AND DISTRICT LANDCARE GROUP $4,250 ANGLICAN TRUSTS CORPORATION OF THE ROSS BOTH & ASSOCIATES PTY LTD $4,750 DIOCESE OF GIPPSLAND $180,000 RYAN LEGAL SERVICES PTY LTD $4,750 APOLLO BAY CHAMBER OF COMMERCE AND SMEC AUSTRALIA PTY LIMITED $1,000 TOURISM INC $44,000

SOUTH GIPPSLAND SHIRE COUNCIL $4,250 ARARAT RURAL CITY COUNCIL $1,072,100

STUBBS WALLACE PTY LTD $500 AUDENTES INVESTMENTS PTY LTD $3,000

SWAN HILL DISTRICT HEALTH $4,250 AUSTRALIA CHINA BUSINESS COUNCIL $100,000

TREWENACK PTY LTD $3,750 AUSTRALIAN DAIRY CONFERENCE LTD $9,000

WARRNAMBOOL CITY COUNCIL $4,750 AUSTRALIAN PAPER PTY LIMITED $1,500,000

TOTAL $146,500 AUSTRALIAN SUSTAINABLE HARDWOODS PTY LTD $200,000

AUSTRALIAN TARTARIC PRODUCTS PTY LTD $900,000 REGIONAL DEVELOPMENT AUSTRALIA AUSTRALIAN TRAILER MANUFACTURERS PTY AGRIBUSINESS GIPPSLAND INC $3,750 LTD $30,000

AGRIFOOD SKILLS AUSTRALIA LTD $20,000 BACCHUS MARSH COMMUNITY UNLIMITED INC $10,000

AUSTRALIA CHINA BUSINESS COUNCIL $40,000 BALLARAT CITY COUNCIL $2,282,545

AVALON AIRPORT AUSTRALIA PTY LTD $55,000 BALLARAT INTERNATIONAL FOTO BIENNALE INC $5,000

BALLARAT CITY COUNCIL $69,402 BALLARAT REGIONAL TOURISM INC $11,000

BASS COAST SHIRE COUNCIL $10,000 BARING RECREATION RESERVE $5,000

CITY OF GREATER GEELONG $40,000 BASS COAST SHIRE COUNCIL $1,441,327

COMMITTEE FOR GIPPSLAND INC $60,772 BAW BAW LATROBE LOCAL LEARNING AND EMPLOYMENT NETWORK INC $9,000 DESTINATION GIPPSLAND LTD $30,000 BAW BAW SHIRE COUNCIL $1,669,000 GIPPSLAND CLIMATE CHANGE NETWORK INCORPORATED $20,000 BEECHWORTH ROTARY CLUB INC $45,000

GUNDITJ MIRRING TRADITIONAL OWNERS BENALLA AUTO CLUB INC $270,000 ABORIGINAL CORPORATION $30,000 BENALLA RURAL CITY COUNCIL $1,560,500 LATROBE CITY COUNCIL $300 BENDIGO AGRICULTURAL SHOW SOCIETY INC $150,000 NE TRACKS LOCAL LEARNING AND EMPLOYMENT NETWORK INC $13,000 BERTALLI'S ALPINE BREADS PTY LTD $37,500

NORTHERN GRAMPIANS SHIRE COUNCIL $50,000 BOROUGH OF QUEENSCLIFFE $310,000

ROADS CORPORATION $10,000 BOYNTONS AUSTRALIA PTY LTD $150,000

SOUTHERN FARMING SYSTEMS LTD $25,600 BRUCK TEXTILE TECHNOLOGIES PTY LTD $1,203,475

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 159 04 APPENDICES

REGIONAL GROWTH FUND CONT. REGIONAL GROWTH FUND CONT. BUDA HISTORIC HOME & GARDEN INC $22,950 DEPARTMENT OF TRANSPORT PLANNING AND LOCAL INFRASTRUCTURE VICTORIA $933,332 BULOKE SHIRE COUNCIL $1,061,000 DESTINATION GIPPSLAND LTD $8,000 BUNINYONG & DISTRICT COMMUNITY ASSOCIATION INC $1,950 DJA DJA WURRUNG ENTERPRISES PTY LTD $26,000

BUNINYONG RESIDENTS' ASSOCIATION DJM FABRICATIONS (VIC) PTY LTD $160,000 INCORPORATED $17,550 DONALD 2000 INC $1,000 BURRA FOODS PTY LTD $1,000,000 DRIED FRUITS AUSTRALIA INC $24,000 CABBAGE TREE PUBLIC HALL $10,980 DROUIN WEST TIMBER & TRUSS PTY LTD $400,000 CAMPASPE SHIRE COUNCIL $3,313,400 EAST GIPPSLAND MARKETING INC $52,500 CAMPERDOWN-TIMBOON RAIL TRAIL MANAGEMENT COMMITTEE INCORPORATED $95,000 EAST GIPPSLAND SHIRE COUNCIL $3,528,500

CASEY CITY COUNCIL $4,000 EASTERN IRON LIMITED $300,000

CASTLEMAINE & MALDON RAILWAY ECHUCA MOAMA & DISTRICT TOURISM PRESERVATION SOCIETY $50,400 DEVELOPMENT ASSOCIATION INC $62,500

CENTRAL GIPPSLAND REGION WATER ECHUCA-MOAMA ARTS INITIATIVE $3,000 CORPORATION $360,000 EILDON ACTION INCORPORATED $8,000

CENTRAL GOLDFIELDS SHIRE COUNCIL $2,489,950 EMERALD CENTRE FOR HOPE AND OUTREACH CENTRAL HIGHLANDS AGRIBUSINESS FORUM INCORPORATED $7,888 INC $2,800 ENVESTRA (SA) LIMITED $2,722,500

CHEWTON DOMAIN SOCIETY INC $16,000 EPWORTH FOUNDATION $2,000,000

CITY OF GREATER GEELONG $4,469,950 FAWCETT MECHANICS INSTITUTE RESERVE COMMITTEE OF MANAGEMENT $63,559 COLAC AREA HEALTH $3,000 FEDERATION UNIVERSITY AUSTRALIA $4,500 COLAC OTWAY SHIRE $1,009,625 FRESHZEST PTY LTD $16,000 COMMITTEE 4 ROCHESTER INC $18,000 GANNAWARRA SHIRE COUNCIL $1,067,055 COMMITTEE FOR BALLARAT INC $365,000 GATEWAYS SUPPORT SERVICES INC $30,000 COMMITTEE FOR ECHUCA MOAMA INCORPORATED $3,000 GBG CONCRETE & CONSTRUCTION PTY LTD $37,500

COMMITTEE FOR GEELONG INC $257,000 GEELONG OTWAY TOURISM INCORPORATED $10,000

COMMITTEE FOR GIPPSLAND INC $450,000 GIPPSLAND BODY BUILDERS PTY LTD $100,000

COMMUNITY COLLEGE GIPPSLAND LTD $30,960 GIPPSLAND PLAINS RAIL TRAIL INCORP $600,000

COMMUNITY LEADERSHIP LODDON MURRAY GIPPSLAND PORTS COMMITTEE OF INC $212,000 MANAGEMENT INC $288,731

CORANGAMITE SHIRE COUNCIL $1,060,834 GIRGARRE DEVELOPMENT GROUP INC $2,217

COSTA EXCHANGE HOLDINGS PTY LTD $65,224 GLENELG SHIRE COUNCIL $1,834,460

COUNTRY FIRE AUTHORITY $16,465 GOLDEN AND PARADISE BEACH RATEPAYERS AND RESIDENTS ASSOCIATION INCORPORATED $3,600 COWES YACHT CLUB INCORPORATED $46,000 GOLDEN PLAINS SHIRE COUNCIL $1,435,300 CRESWICK RAILWAY WORKSHOPS ASSOCIATION INC $18,000 GOLDFIELDS HISTORICAL AND ARTS SOCIETY INCORPORATED $6,000 D & R HENDERSON PTY LTD $75,000 GOLDFIELDS TOURISM INCORPORATED $30,000 DEAKIN UNIVERSITY $8,137,500 GOULBURN VALLEY REGION WATER DEPARTMENT OF EDUCATION AND EARLY CORPORATION $30,000 CHILDHOOD DEVELOPMENT VICTORIA $7,800,000 GRACEBROOK VINEYARDS $30,000 DEPARTMENT OF ENVIRONMENT AND PRIMARY INDUSTRIES VICTORIA $5,703,755 GRAMPIANS TOURISM BOARD INC $35,500

DEPARTMENT OF HEALTH VICTORIA $2,000,000 GREAT OCEAN ROAD COAST COMMITTEE INCORPORATED $220,000 DEPARTMENT OF PREMIER AND CABINET VICTORIA $225,000 GREATER BENDIGO CITY COUNCIL $3,271,560

160 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

REGIONAL GROWTH FUND CONT. REGIONAL GROWTH FUND CONT. GREATER SHEPPARTON CITY COUNCIL $1,716,680 MILDURA MOTOR CYCLE CLUB INCORPORATED $200,000

GROWTH AREAS AUTHORITY $166,666 MILDURA RURAL CITY COUNCIL $1,725,800

HAMILTON PASTORAL & AGRICULTURAL SOCIETY MITCHELL SHIRE COUNCIL $1,559,461 INC $10,000 MOIRA SHIRE COUNCIL $1,166,700 HEALESVILLE LIVING & LEARNING CENTRE INC $73,796 MOORABOOL SHIRE COUNCIL $247,550 HEPBURN SHIRE COUNCIL $1,152,719 MORNINGTON PENINSULA SHIRE COUNCIL $2,679 HEYFIELD COMMUNITY RESOURCE CENTRE INC $5,000 MORWELL SHOPFITTERS PTY LIMITED $90,000 HINDMARSH SHIRE COUNCIL $631,000 MOUNT ALEXANDER SHIRE COUNCIL $338,500 HORSHAM RURAL CITY COUNCIL $3,431,863 MOUNT BULLER ARTS ASSOCIATION LTD $18,500 INDIGO SHIRE COUNCIL $480,280 MOUNT ELEPHANT COMMUNITY IRON HORSE INTERMODAL PTY LTD $30,000 MANAGEMENT $30,000

J & J NIELSEN PTY LTD $21,000 MURRAY GOULBURN CO-OPERATIVE CO LIMITED $200,000

JAILHOUSE ROCK FESTIVAL COMMITTEE INC $4,500 MURRAY RIVER REGION TOURISM LIMITED $3,000

JAMES STOCK FEED AND FERTILIZER PTY LTD $30,000 MURRINDINDI SHIRE COUNCIL $1,551,800

JAMIESON COMMUNITY GROUP & ASSOCIATED MUSEUMS AUSTRALIA INCORPORATED $500 BODIES INCORPORATED $886 NARKOOJEE PTY LTD $45,000 JOEL JOEL PUBLIC HALL $3,600 NATIMUK FORESHORE COMMITTEE $58,000 KARINGAL INC $500,000 NORTH EAST AGCARE INCORPORATION $140,000 KINGLAKE RANGES BUSINESS NETWORK INC $17,900 NORTH EAST REGION WATER CORPORATION $1,100,000 LAKE BOLAC DEVELOPMENT ASSOCIATION INC $4,950 NORTH EAST VICTORIA TOURISM BOARD INC $30,000 LAKE COORONG/LAKE LASCELLES COMMITTEE OF MANAGEMENT INC $36,000 NORTHERN GRAMPIANS SHIRE COUNCIL $1,434,450

LAKEGOLDSMITH STEAM PRESERVATION OLAM ORCHARDS AUSTRALIA PTY LTD $467,528 ASSOCIATION INC $4,500 OUR REDEEMERS LUTHERAN CHURCH LATROBE CITY COUNCIL $1,924,440 WARRACKNABEAL $4,500

LATROBE VALLEY WOMEN IN BUSINESS INC $9,000 PAPER AUSTRALIA PTY LTD $500,000

LION-DAIRY & DRINKS PTY LTD $490,000 PARKS VICTORIA $1,700,000

LIONS CLUB OF CORRYONG $267,300 PENINSULA SEAROAD TRANSPORT PTY LTD $750,000

LIONS CLUB OF MINYIP INC $7,020 PINEGRO PRODUCTS PROPRIETARY LIMITED $180,000

LODDON SHIRE COUNCIL $599,845 PORT OF PORTLAND PTY LIMITED $243,053

LONG GULLY NEIGHBOURHOOD CENTRE $27,000 PORTLAND CABLE TRAMS INC $9,000

LORNE BUSINESS & TOURISM ASSOCIATION INC $20,000 PROGRESSING COBDEN INC $9,223

MACALISTER RESEARCH FARM CO-OPERATIVE PUREHARVEST $150,000 LTD $500 PYRENEES SHIRE COUNCIL $780,282 MACEDON RANGES SHIRE COUNCIL $1,049,060 R A & J L MURPHY $120,000 MACPHERSON SMITH RURAL FOUNDATION LIMITED $75,000 RAMAHYUCK DISTRICT ABORIGINAL CORPORATION $7,500 MADEC AUSTRALIA $100,000 ROCHESTER CHAMBER OF COMMERCE AND MAFFRA FARMHOUSE CHEESE PTY LTD $172,500 INDUSTRY INC $7,200

MAJORCA VICTORIA PARK GARDENS & PUBLIC $107,730 ROTAFAB PTY LTD $144,000

MANSFIELD SHIRE COUNCIL $1,223,550 RUSHWORTH PUBLIC PARK RESERVE COMMITTEE OF MANAGEMENT INCORPORATED $39,000 MARS AUSTRALIA PTY LTD $200,000 RYAN & MCNULTY PTY LTD $90,000 MILDURA ABORIGINAL CORPORATION INCORPORATED $130,000 SAFETECH PTY LTD $30,000

MILDURA DEVELOPMENT CORPORATION INC $32,000 SAGE COMPUTER SUPPORT PTY LIMITED $100,000

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 161 04 APPENDICES

REGIONAL GROWTH FUND CONT. REGIONAL GROWTH FUND CONT. TRANSPORT CONNECTIONS CONT. SALE BUSINESS AND TOURISM ASSOCIATION VOLUNTEERING VICTORIA INCORPORATED $99,000 CASEY CITY COUNCIL $37,500 INCORPORATED $23,760 W P PORTELLI & P REIDY $125,000 CITY OF GREATER GEELONG $80,000 SEA LAKE OFF ROAD CLUB INC $6,000 WALHALLA AND MOUNTAIN RIVERS TOURISM $5,000 CITY OF WHITTLESEA $37,500 SEASPRAY RESERVES COMMITTEE OF MANAGEMENT $5,800 WALHALLA BOARD OF MANAGEMENT COLAC OTWAY SHIRE $37,500 INCORPORATED $7,200 SHIPWRECK COAST TOURISM INC $16,000 GOLDEN PLAINS SHIRE COUNCIL $37,500 WANGARATTA FESTIVAL OF JAZZ INC $22,500 SHIRE OF CAMPASPE $30,000 GREATER BENDIGO CITY COUNCIL $42,500 WANGARATTA RURAL CITY COUNCIL $443,200 SHIRE OF MOYNE $928,253 GREATER SHEPPARTON CITY COUNCIL $37,500 WANNON REGION WATER CORPORATION $107,000 SHIRE OF STRATHBOGIE $872,500 HEPBURN SHIRE COUNCIL $80,000 WARRANDYTE COMMUNITY ASSOCIATION INC $8,620 SHIRE OF TOWONG $996,215 LATROBE CITY COUNCIL $80,000 WARRNAMBOOL CITY COUNCIL $5,020,029 SOUTH GIPPSLAND SHIRE COUNCIL $711,454 MELTON CITY COUNCIL $11,961 WELLINGTON REGIONAL TOURISM INC $4,000 SOUTH GIPPSLAND TOURIST RAILWAY INC $103,500 MITCHELL SHIRE COUNCIL $47,551 WELLINGTON SHIRE COUNCIL $2,402,450 SOUTHERN FARMING SYSTEMS LTD $40,500 MURRINDINDI SHIRE COUNCIL $37,500 WEST WIMMERA HEALTH SERVICE $17,500 SOUTHERN GRAMPIANS SHIRE COUNCIL $506,450 PYRENEES SHIRE COUNCIL $37,500 WEST WIMMERA SHIRE COUNCIL $134,000 SPI NETWORKS (GAS) PTY LTD $2,580,000 SOUTH GIPPSLAND SHIRE COUNCIL $37,500 WESTERN REGION WATER CORPORATION $744,130 STAR COMMUNITY CINEMA ASSOCIATION INC $31,500 SUNASSIST VOLUNTEER HELPERS INC $42,500 WILLAURA AND DISTRICT COMMUNITY STEELINE GIPPSLAND PTY LTD $187,500 DEVELOPMENT GROUP $135,000 WELLINGTON SHIRE COUNCIL $35,000

STR INSPECTION SERVICES PTY LTD $50,000 WIMMERA DEVELOPMENT ASSOCIATION WESTERN DISTRICT HEALTH SERVICE $37,500 INCORPORATED $176,250 SURF COAST SHIRE $405,500 WYNDHAM CITY COUNCIL $37,500 WODONGA CITY COUNCIL $1,616,000 SWAN HILL MOTORCYCLE CLUB INC $5,000 TOTAL $944,512 WODONGA RENDERING PTY LTD $808,000 SWAN HILL RURAL CITY COUNCIL $1,017,854 WORKCO LIMITED $2,800 THE BENDIGO TRUST $30,000 YARCK MECHANICS INSTITUTE AND LIBRARY $67,600 THE CENTRAL HIGHLANDS TOURIST RAILWAY $130,800 YARRIAMBIACK SHIRE COUNCIL $808,453 THE CENTRE FOR RURAL COMMUNITIES INC $27,000 YEA COMMUNITY SERVICE GROUP INC $5,850 THE COMMUNITY FOUNDATION FOR BENDIGO & CENTRAL VICTORIA LTD. $3,000 YEA RACECOURSE AND RECREATION RESERVE $70,000

THE GIPPSLAND BUSINESS AWARDS YINNAR & DISTRICT COMMUNITY ASSOCIATION ASSOCIATION INC $5,400 INC $450

THE GIPPSLAND FIELD DAYS $217,500 TOTAL $131,158,282

THE MOUNTAIN CATTLEMENS ASSOCIATION OF VICTORIA INC $65,600 REGIONAL BLUEPRINT - ADVANCING COUNTRY TOWNS THE NOOJEE & DISTRICT HISTORICAL SOCIETY BENALLA RURAL CITY COUNCIL $136,000 INC $22,118 COLAC OTWAY SHIRE $136,000 THE PRB FOOD GROUP PTY LIMITED $200,000 EAST GIPPSLAND SHIRE COUNCIL $136,000 THE SOVEREIGN HILL MUSEUMS ASSOCIATION $250,000 MURRINDINDI SHIRE COUNCIL $156,000 TRAFALGAR EAST PUBLIC HALL RESERVE $13,500 ROBINVALE DISTRICT HEALTH SERVICES $136,000 UCA – CAMPERDOWN $27,000 SOUTH GIPPSLAND SHIRE COUNCIL $156,000 UNIVERSITY OF BALLARAT $300,000 TOTAL $856,000 UNIVERSITY OF MELBOURNE $1,625,000

VALLEY PARK FARM PTY LTD $40,000 TRANSPORT CONNECTIONS VEGCO PTY LTD $150,000 BALLARAT CITY COUNCIL $37,500 VIC GAS DISTRIBUTION PTY LTD $1,019,000 BASS COAST SHIRE COUNCIL $37,500 VICTORIAN AMERICAN IMPORTS PTY LTD $110,000 BAW BAW SHIRE COUNCIL $37,500 VICTORIAN FARMERS FEDERATION $788,093 BENALLA RURAL CITY COUNCIL $37,500 VIETNAM VETERANS ASSOCIATION OF AUSTRALIA MUSEUM SUB-BRANCH $36,000

162 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

APPENDIX 8 APPENDIX 7 BUDGET PORTFOLIO CONSULTANCIES OUTCOMES

In 2013-14, definitions of a contractor The Budget portfolio outcomes provide a and consultant were changed in Financial comparison between the actual financial report of Reporting Direction 22E. The department all General Government entities within the portfolio has applied these definitions for reporting and the forecast published in the Budget Papers. purposes. The changed definitions mean that The Budget portfolio outcomes are comprised of comparisons with previous annual report’s data the comprehensive operating statement, balance are no longer valid. The new definitions are: sheet, statement of changes in equity and >> Contractor - A contractor is an individual statement of cash flows. or organisation that is formally engaged to The Budget portfolio outcomes have been prepared provide works or services for or on behalf on a consolidated basis and include all General of an entity. This definition does not Government entities within the portfolio. Financial include casual, fixed-term or temporary transactions and balances are classified into either employees employed by the entity Controlled or Administered, in accordance with the >> Consultant - A consultant is a particular Australian Accounting Standard AASB 1049 Whole type of contractor that is engaged of Government and General Government Sector primarily to perform a discrete task for Financial Reporting and agreed with the Treasurer an entity that facilitates decision making in the context of the Budget Papers. through a) provision of expert analysis The following Budget portfolio outcomes and advice; and/or b) development of a statements are not subject to audit by the Victorian written report or other intellectual output. Auditor-General’s Office and are not prepared Summary of consultancies on the same basis as the department’s financial statements, as they include the consolidated In 2013-14, there were 40 consultancies financial information of the following entities: where the total fees payable to the consultants were $10,000 or greater Controlled (excluding GST). The total expenditure incurred during 2013-14 in relation to these >> The Department of State Development, consultancies was $8.2 million (excluding Business and Innovation GST). Details of individual consultancies can >> Victoria Trade and Investment Office be found at dsdbi.vic.gov.au >> The Office of the Small Business Commissioner In 2013-14, there were 29 consultancies >> Secretary to the Department of State where the total fees payable to the Development Business and Innovation, Body consultants were less than $10,000 (excluding Corporate (Major Projects Victoria) GST). The total expenditure incurred during 2013-14 in relation to these consultancies >> Tourism Victoria* was $172,000 (excluding GST). >> Film Victoria* >> Cenitex* * Prepare own financial statements.

Administered items Statement The Department of State Development, Business and Innovation (Administered).

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 163 04 APPENDICES

COMPREHENSIVE OPERATING STATEMENT FOR THE YEAR ENDED 30 JUNE 2014

2013-14 2013-14 2013-14 PUBLISHED REVISED NOTES ACTUAL BUDGET BUDGET VARIATION

$’000 $’000 $’000 $’000 %

Output appropriations 1 712,223 787,277 732,526 (20,302) (3%)

Interest 6,812 10,200 10,458 (3,646) (35%)

Sales of goods and services 173,631 60,777 169,419 4,212 2%

Grants 85,874 11,635 82,358 3,516 4%

Fair value of assets and services received free of 472 – – 472 0% charge or for nominal consideration

Other income 2 119,605 189,720 139,893 (20,288) (15%)

Total income from transactions 1,098,616 1,059,609 1,134,653 (36,037) (3%)

Employee benefits 189,943 134,596 197,028 (7,084) (4%)

Depreciation and amortisation 31,309 7,937 37,207 (5,898) (16%)

Interest expense 297 13 13 284 2186%

Grants and other transfers 3 449,038 461,751 480,946 (31,908) (7%)

Capital asset charge 9,848 9,848 9,848 – 0%

Other operating expenses 4 383,682 444,321 442,545 (58,863) (13%)

Total expenses from transactions 1,064,117 1,058,466 1,167,585 (103,468) (9%)

Net result from transactions (34,499) (1,143) 32,932 (67,432) (205%) (net operating balance)

Net gain/(loss) on non-financial assets 5,052 – – 5,052 0%

Net gain/(loss) on financial instruments and statutory 333 192 192 141 74% receivables/payables

Other gains/(losses)from other economic flows 65 – – 65 0%

Total other economic flows 5,450 192 192 5,258 2740%

Net result (29,049) (951) 33,124 (62,174) (188%)

Other 126 (592) (19,323) 19,448 (101%)

Total other economic flows – Other non owner changes in equity 126 (592) (19,323) 19,448 (101%)

Comprehensive result (28,924) (1,542) 13,802 (42,725) (310%)

Explanations for major variations between 2013-14 actual and 2013-14 revised budget (1) Variation in output appropriation relates to underspend across a range of programs which will be delivered in the following year. (2) Variation in other income is mainly due to lower receipts in relation to Kew Residential Services Project. (3) Variation relates to delays in milestone achievements by grant recipients, finalising grant contracts, and/or consequential delays in commencement of grant programs. (4) Variation is mainly due to lower cost of land sales for Kew Residential Services Project and in general operational expenditure.

164 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

BALANCE SHEET AS AT 30 JUNE 2014

2013-14 2013-14 2013-14 PUBLISHED REVISED NOTES ACTUAL BUDGET BUDGET VARIATION

$’000 $’000 $’000 $’000 %

Cash and deposits 1 416,812 371,656 362,652 54,160 15%

Receivables 158,798 88,483 153,010 5,788 4%

Other financial assets 28,664 37,252 37,385 (8,721) (23%)

Investments accounted for using the equity method 35,000 35,000 35,000 – 0%

Financial assets 639,274 532,391 588,047 51,227 9%

Inventories 10,196 23,646 7,093 3,104 44%

Non financial assets classified as held for sale 25 – 23 2 10% including disposal group assets

Property, plant and equipment 2 597,601 632,218 656,519 (58,917) (9%)

Intangible assets 40,944 12,025 43,666 (2,721) (6%)

Other 36,782 28,604 40,346 (3,564) (9%)

Non-financial assets 685,549 696,516 747,646 (62,096) (8%)

Total assets 638,802 1,228,907 1,335,693 (10,870) (1%)

Payables 124,999 91,456 124,943 56 0%

Borrowings 3,497 4,569 3,936 (439) (11%)

Provisions 50,381 36,556 50,697 (315) (1%)

Liabilities 53,878 132,581 179,576 (699) 0%

Total liabilities 53,878 132,581 179,576 (699) 0%

Net assets 584,924 1,096,326 1,156,117 (10,171) (1%)

Accumulated surplus/(deficit) 3 188,909 220,409 (86,791) 275,699 (318%)

Reserves 25,649 31,668 31,668 (6,019) (19%)

Contributed capital 3 931,388 844,249 1,211,240 (279,851) (23%)

Equity 1,145,946 1,096,326 1,156,117 (10,171) (1%)

Net worth 1,145,946 1,096,326 1,156,117 (10,171) (1%)

Explanations for major variations between 2013-14 actual and 2013-14 revised budget (1) Variation is due to the timing of receipts and payments in trust accounts. (2) Variation is mainly due to lower than budgeted expenditure for the Melbourne Markets Redevelopment Project. (3) Variation is mainly due to the allocation between accummulated funds and contributed capital as part of the MOG transfer.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 165 04 APPENDICES

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2014

2013-14 2013-14 2013-14 PUBLISHED REVISED NOTES ACTUAL BUDGET BUDGET VARIATION

$’000 $’000 $’000 $’000 %

Receipts from Government 1 712,223 790,277 732,526 (20,302.4) (3%)

Receipts from other entities 2 107,513 69,385 89,949 17,564.51 20%

Goods and Services Tax recovered from the ATO 1,454 – (996) 2,449.20 (246%)

Interest received 6,410 10,107 10,458 (4,047.7) (39%)

Other receipts 3 277,494 188,735 301,704 (24,209.8) (8%)

Total receipts 1,105,095 1,058,503 1,133,641 (28,546) (3%)

Payments of grants and other transfers 4 (449,038) (461,751) (480,946) 31,908 (7%)

Payments to suppliers and employees 5 (565,122) (567,841) (611,510) 46,389 (8%)

Goods and Services Tax paid to the ATO 1,204 – 4 1,200 32485%

Capital asset charge (9,848) (9,848) (9,848) – 0%

Interest and other costs of finance (297) – (9) (288) 3202%

Total payments (1,023,101) (1,039,440) (1,102,309) 79,208 (7%)

Net cash flows from /(used in) operating activities 81,994 19,063 31,332 50,662 162%

Net investment (15,308) (7,752) (6,122) (9,186) 150%

Payments for non-financial assets 6 (50,107) (118,673) (89,651) 39,545 (44%)

Proceeds from sale of non-financial assets 956 – – 956 0%

Net loans to other parties 45 852 852 (807) (95%)

Cash flows from investing activities (64,415) (125,573) (94,922) (117,047) 123%

Net cash flows from /(used in) investing activities (64,415) (125,573) (94,922) (117,047) 123%

Owner contributions by State Government 45,719 345,628 98,475 (52,755) (54%)

Repayment of finance leases (70) – – (70) 0%

Net borrowings 7 11,293 1,474 (14,523) 25,816 (178%)

Cash flows from financing activities 56,942 347,102 83,951 (91,947) (110%)

Net cash flows from /(used in) financing activities 56,942 347,102 83,951 (91,947) (110%)

Net increase (decrease) in cash and cash equivalents 74,522 240,591 20,362 (158,332) (778%)

Cash and cash equivalents at the beginning of the 342,290 134,407 342,290 – 0% financial year

Cash and cash equivalents at the end of the financial year 416,812 374,999 362,652 (158,332) (44%)

Explanations for major variations between 2013-14 actual and 2013-14 revised budget (1) Variation relates to lower revenue drawn down across a range of programs which will be delivered in 2014-15. (5) Variation mainly relates to decrease in cost of land sales for Kew Residential Redevelopment compared to budget. (2) Higher revenue than budgeted for trusts. (6) Variation mainly relates to lower capital spend for the (3) Variation relates to decrease in receipts mainly in Melbourne Markets Relocation Project. relation to Kew Residential Services Project. (7) Variation mainly relates to the timings of loan (4) Variation relates to delays in milestone achievements repayments between DSDBI, Cenitex and DTF. by grant recipients, finalising grant contracts, and/or consequential delays in commencement of grant programs.

166 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2014

Asset Accumulated Contributions by revaluation surplus/(deficit) owners reserve Total

$’000 $’000 $’000 $’000

2013-14 (Actual)

Opening balance 1 July 2013 154,665 904,434 30,969 1,090,068

Comprehensive result 34,244 – (5,320) 28,924

Transactions with owners in their capacity as owners – 26,954 – 26,954

Total equity at end of period 188,909 931,388 25,649 1,145,946

2013-14 (Revised)

Opening balance 1 July 2013 (72,291) 1,131,389 30,969 1,090,068

Comprehensive result (14,500) – 698 (13,802)

Transactions with owners in their capacity as owners – 79,850 – 79,850

Total equity at end of period (86,791) 1,211,240 31,668 1,156,117

2013-14 (Published)

Opening balance 1 July 2013 219,485 517,264 31,083 767,832

Comprehensive result 924 – 585 1,509

Transactions with owners in their capacity as owners – 326,985 – 326,985

Total equity at end of period 220,409 844,249 31,668 1,096,326

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 167 04 APPENDICES

ADMINISTERED ITEMS STATEMENT FOR THE YEAR ENDED 30 JUNE 2014

2013-14 2013-14 2013-14 PUBLISHED REVISED NOTES ACTUAL BUDGET BUDGET VARIATION

$’000 $’000 $’000 $’000 %

Output appropriations 60,878 64,000 61,535 (657) (1%)

Interest 10,445 9,779 14,339 (3,894) (27%)

Sales of goods and services 2,763 5,000 8,868 (6,105) (69%)

Grants 357 14,339 5,357 (5,000) (93%)

Other income 58,228 52,695 56,130 2,099 4%

Total income from transactions 132,672 145,813 146,229 (13,557) (9%)

Interest expense 40,671 42,000 39,535 1,136 3%

Grants and other transfers 4,982 8,000 8,000 (3,018) (38%)

Payments into consolidated fund 1 89,650 70,557 68,188 21,462 31%

Other operating expenses 2 27,735 – – 27,735 0%

Total expenses from transactions 163,038 120,557 115,723 47,315 41%

Income Less Expenses (30,365) 25,256 30,506 (60,872) (200%)

Total other economic flows 20,733 5,183 (67) 20,800 (31045%)

Total other economic flows – Other non owner changes in equity – (1,438) (1,438) – (100%)

Net result (9,632) 29,002 29,002 (38,634) (133%)

Cash and deposits 467 3,328 6,542 (6,075) (93%)

Receivables 3 343,909 371,872 423,378 (79,468) (19%)

Other financial assets 3,105 – – 3,105

Total Administered assets 347,481 375,200 429,920 (82,438) (19%)

Payables 87,309 86,742 88,316 (1,007) (1%)

Borrowings 460,370 447,103 447,103 13,267 3%

Total Administered liabilities 547,679 533,845 535,419 12,260 2%

Net assets (200,198) (158,645) (105,499) (94,699) 90%

Explanations for major variations between 2013-14 actual and 2013-14 revised budget (1) Variation relates to additional brown coal and mineral sands royalty revenues paid into the Consolidated Fund than budgeted. (2) Relates mainly to maintenance payments for the Melbourne Convention Centre and assets given free of charge to local council for management. (3) Variation refers to better collections of receivables than budgeted.

168 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

APPENDIX 9 WORKFORCE INFORMATION

FIXED TERM & CASUAL TOTAL ONGOING EMPLOYEES EMPLOYEES EMPLOYEES Full-time Part-time Total Total Total (FTE) Total (FTE) (head count) (head count) (head count) (FTE) June 2013 454 54 508 489 25 514

June 2014 772 116 888 850 92 942

Total 2013 Total 2014 FIXED TERM FIXED TERM ONGOING & CASUAL ONGOING & CASUAL EMPLOYEES EMPLOYEES EMPLOYEES EMPLOYEES Head count FTE FTE Head count FTE FTE Totals (FTE) Gender Male 221 221 10 415 412 47 459

Female 287 267 16 473 438 45 483 Age Under 25 5 5 0 9 9 1 10

25-34 85 82 13 131 124 33 157

35-44 149 135 5 288 263 33 296

45-54 152 151 3 253 250 15 265

55-64 105 104 3 181 179 9 188

Over 64 12 12 1 26 25 1 26 Classification VPS1 1 1 0 2 2 0 2

VPS2 13 12 1 18 17 0 17

VPS3 76 71 0 115 108 6 114

VPS4 85 83 9 156 148 18 166

VPS5 127 120 9 250 235 32 267

VPS6 160 156 5 250 244 23 267

VPS7 10 10 0 18 18 1 19

Executives 28 28 1 53 53 0 53

Principal scientist 5 5 0 10 10 7 17

Science 9 8 4 12

Legal officers 1 1 0 4 4 1 5

Ministerial driver 2 2 0 3 3 0 3

Notes i FTE means Full-Time Equivalent. iv Employee numbers for Tourism Victoria are published in its annual report and are not included in the ii All figures reflect employment levels during the last department’s annual report. full pay period in June of each year. v For reference, the total FTE for Tourism Victoria is: iii Excluded are those on leave without pay or absent on secondment, external contractors/consultants, June 2013 – 69 FTE temporary staff employed by employment agencies June 2014 – 61 FTE. and statutory appointees.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 169 04 APPENDICES

PROFILE OF EXECUTIVE OFFICER (EO) EMPLOYEES AS AT 30 JUNE 2014

Table 1: Number of EOs classified into ‘ongoing’ and ‘special projects’

Special Classification All Ongoing projects Variation from Variation from Variation from No. previous year No. previous year No. previous year

Secretary 1 0 1 0 0 0

EO-1 3 2 3 2 0 0

EO-2 21 6 21 7 0 -1

EO-3 47 19 47 19 0 0

Total (a) 72(b) 27 72 28 0 -1

Notes (a) The department’s executive envelope at 30 June 2014 is 77. Five Tourism Victoria EO positions are reported separately in the Tourism Victoria annual report. (b) Includes 19 vacancies at 30 June 2014.

Table 2: Breakdown of EOs by gender for ‘ongoing’ and ‘special projects’

Classification Ongoing Special projects Variation Variation Variation Variation Variation Variation from from from from from from previous previous Current previous previous previous Current previous Male year Female year vacancies year Male year Female year vacancies year

Secretary 1 0 0 0 0 0 0 0 0 0 0 0

EO-1 3 2 0 0 0 0 0 0 0 0 0 0

EO-2 13 5 8 5 0 -3 0 0 0 0 0 -1

EO-3 18 7 10 5 19 7 0 0 0 0 0 0

Total (a) 35 14 18 10 19 4 0 0 0 0 0 -1

Notes (a) Excludes five Tourism Victoria EO positions.

170 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

Table 3A: Reconciliation with executive numbers Table 3B: Note 32 of Financial Report – movement in Note 32 of the Financial Report from 2013-14

2013 2014

Executives with total remuneration over $100,000 30 49 Total executives reported in Note 32 of Financial Report at 30 June 2013 38

Executives employed with total remuneration below $100,000 (a) 8 17 Add Total reported in Note 32 of the Financial Report 38 66 Commenced during 2013-14 13

Appointed to executive role from Victorian Public Sector (VPS) during 2013-14 3

Add MOG arrivals during 2013-14 21

Vacant roles 16 19 Less Accountable officers 1 1 Separations during 2012-13 8

Right of Return to VPS during 2012-13 1 Less MOG transfers out during 2012-13 0 Separations/Leave without pay 10 14 Leave without pay commenced during 2012-13 0

Total executive numbers as at 30 June (b) 45 72 Total executives reported in Note 32 of Financial Report at 30 June 2014 66

Notes (a) This reflects executives commencing or ceasing employment part-way through the year. (b) Excludes five Tourism Victoria EO positions.

Table 4: Departmental portfolio executives 30 June 2014

2013 2014 Variation from previous year Organisation Name Female Male Total Female Male Total Female Male Total Australian Grand Prix Corporation 1 5 6 1 4 5 0 -1 -1

Docklands Studios Melbourne 0 1 1 0 1 1 0 0 0

Emerald Tourist Railway Board 0 2 2 0 2 2 0 0 0

Energy Safe Victoria 2 7 9 3 6 9 1 -1 0

Federation Square Pty Ltd 2 2 4 1 3 4 -1 1 0

Film Victoria 1 1 2 1 2 3 0 1 1

Melbourne Convention and Exhibition Trust 5 3 8 5 4 9 0 1 1

Melbourne Market Authority 1 2 3 1 3 4 0 1 1

Victorian Major Events Company Ltd 1 2 3 1 2 3 0 0 0

Totals 13 25 38 13 27 40 0 2 2

Notes (a) Information provided by Victorian Public Sector Commission. (b) All figures reflect employment levels during the last pay period in June each year. (c) Excluded are those on leave without pay or absent on secondment, external contractors/consultants and temporary staff employed by employment agencies.

DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 171 04 APPENDICES

APPENDIX 10 HUMAN RESOURCE MANAGEMENT

OCCUPATIONAL HEALTH AND SAFETY

Lag indicators 2011-12 2012-13 2013-14 INCIDENTS AND HAZARDS Number 22 20 35

Rate per 100 FTE 3.2 3.4 3.5

Number of standard claims 5 2 0

Rate of standard claims per 100 FTE 0.72 0.34 0.0

Number of lost time claims 4 1 3

Rate of lost time claims per 100 FTE 0.58 0.17 0.3 CLAIMS Number of claims exceeding 13 weeks 1 0 0

Rate of lost time claims per 100 FTE 0.14 0 0 FATALITIES Fatalities claims Nil Nil Nil CLAIM COSTS Average cost per standard claim $23,808 $7,093 $0 PREMIUM RATE Department’s Premium Rate 0.5159 0.2715 0.2525 RETURN TO WORK Percentage of claims with a return to work plan < 30 days 100% 100% 100%

Lead indicators of OH&S Management 2013-14 MANAGEMENT COMMITMENT Evidence of OH&S Policy statement Policy statement displayed on the department’s intranet

OH&S objectives Objectives identified in the OH&S Strategy 2012-14 are being progressively implemented through annual actions plan

Regular reporting to Senior Management Minutes of quarterly OH&S Committee meetings tabled at SMM and published on the department’s intranet

Evidence of OH&S criteria in purchasing guidelines Standard contract agreements require contractors to observe all (including goods, services and personnel) applicable industrial laws and awards in delivering services to the department CONSULTATION Evidence of agreed structure of Designated Work Groups (DWGs), Representative DWGs established and revised as a result of MOG Health and Safety Representatives (HSRs) and Issue Resolution Procedures changes. HSRs elected for DWGs. OH&S Committee, chaired by Deputy Secretary Corporate, Planning and Compliance Services, meets quarterly. All HSRs are members of the Committee

Compliance with agreed structure on DWGs, HSRs and The IRP and procedures are displayed on notice boards and are Issue Resolution Policies (IRPs) accessible via the department’s intranet

172 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

Lead indicators of OH&S Management cont. 2013-14 RISK MANAGEMENT Internal audits/inspections Biannual workplace inspection program in place. A total of 58 inspections have been conducted at departmental sites across Victoria

Identified issues actioned arising from internal audits Improvements were made to chemical storage, labelling and registering of chemicals. It was identified that the chemical register requires a full review, adapted for new work locations. Eight workplaces were identified where fire extinguishers had not been tested

HSR provisional improvement notices No notices issued

WorkSafe notices No notices issued TRAINING Induction Online OH&S training module is mandated for all new employees and contractors. Completion rates are now reported to the OH&S Committee and in corporate reporting

People managers An online managers’ training program, tailored to the department’s OH&S management system and risks is mandatory for all people managers. Completion rates are reported to the OH&S Committee

Contractors, temps and visitors Workplace OH&S induction checklist for managers included in On-boarding and Induction Guide. Checklist regularly reviewed and updated

HSR initial five-day training 20 new HSRs trained during 2013-14. 92 per cent of all HSRs have undertaken the five-day training.

HSR refresher training 27 HSRs attended refresher training in 2013-14

The department’s goal is to foster a health and The department continues to support goals safety culture and environment that will protect its by providing managers and employees with people from workplace illness and injuries. appropriate OH&S information, effective systems to prevent injury, and proactive holistic strategies that OH&S strategic objectives are: focus on health and wellbeing. Accordingly, >> proactive initiatives to build a culture of health, the department has undertaken a range of safety and wellbeing initiatives over the past 12 months, including: >> integrating corporate health and >> the completion of ‘Wellbeing and Work’, OH&S programs the department’s OH&S Strategy 2012-14 >> increased education and information to ensure >> 680 employees trained through the Building all managers and employees are supported to Professional Workplaces in the department’s effectively manage their OH&S responsibilities program to complement and build on the >> early intervention and an increased focus on Professional Workplace Framework effectively managing workplace injuries. >> restructure of DWGs to account for The department recognises that achieving these MOG changes objectives requires the commitment of everyone >> implementation of mandatory OH&S managers – leaders, people managers and employees. training for current and new people managers The department will continue to reinforce health >> improved instructions for emergency wardens and safety accountability at all levels to embed and further development of the Personal health and safety as part of the way DSDBI does Emergency Evacuation Plan process for business. Building this culture requires effective and mobility-impaired employees meaningful consultation with employees on OH&S issues, enabling everyone to contribute to decisions that may affect their health, safety and wellbeing at work.

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>> ongoing provision of a holistic Health and Information in relation to public sector conduct and Wellbeing Program, which includes regular the VPS employment principles is promoted via seminars, education, an online program and policies on the intranet and through expert advice telephone health coaching services provided by Human Resources.

>> 369 employees and 28 executives underwent a Organisational values comprehensive preventative health assessment The department has embraced the values - >> 60 per cent of employees had an annual accountability, respect, responsiveness, integrity, flu vaccination impartiality and leadership - which are outlined >> quarterly meetings of the department’s OH&S in the Public Administration Act 2004, to guide Committee to discuss and review health and employee behaviour and promote a productive and safety risks, consider policy issues and develop inclusive culture. proactive OH&S strategies; committee activities are further supported by a detailed OH&S The values are progressively being embedded into planning calendar a range of human resource activities, including: >> successful management of three >> performance management systems (both Return to Work Plans. executive and non-executive) The department has maintained its strong >> position descriptions for job advertisements record in providing a safe and healthy work >> relevant learning and development programs. environment, as demonstrated by an improved The department recognises that living these values WorkCover performance. will help to create a high-performance workplace PUBLIC ADMINISTRATION VALUES that is characterised by positive relationships and AND EMPLOYMENT PRINCIPLES respect for others.

Driving public sector values SELECTION ON MERIT/EXEMPTIONS FROM ADVERTISEMENT The department is committed to driving an organisational culture that attracts, develops, Recruitment and selection processes uphold merit motivates and retains a diverse team of talented, and equity and are fully operational within the high-performing employees. department. Policies, guidelines and associated documentation enshrining merit and equity continue The Code of Conduct is reinforced to new to be promoted through training, marketing material employees of the department by an online learning and expert advice provided by Human Resources. module and through the department’s On-boarding and Induction Guide. The online module explores The authority to exempt vacancies from ethical issues, and promotes understanding and advertisement rests with the Secretary and/or awareness of the rights, responsibilities and authorised delegates in prescribed circumstances. behaviours expected of VPS employees. Completion DISPUTE SETTLEMENT of this module is a pre-requisite for confirmation of appointment following a probationary period. The department’s dispute settlement process provides for disputes arising from a number of Agency personnel engaged through the seven areas, including actions arising from section VPS-approved Master Vendors are advised, prior to 64 of the Public Administration Act 2004. The commencing employment with the department, that department’s procedures provide for early they are expected to abide by the Code of Conduct intervention and informal resolution processes to be and the department’s values. utilised wherever possible. There were no formal There is a discrete site on the department intranet disputes accepted and settled through formal to inform contractors and consultants engaged by processes in 2013-14. the department of their obligation to comply with the Code of Conduct, the department’s values and relevant policies and procedures.

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DIVERSITY >> recruitment undertaken for the 2015 graduate cohort through the Aboriginal Pathways to The department is committed to employing the VPS Graduate Recruitment and people with a diverse range of backgrounds Development Scheme and perspectives, and recognises the invaluable contribution that these differences make to >> all employees invited to express their interest the department. in Indigenous Cultural Awareness Training with opportunities commencing in 2014-15. Over the last year, the department’s Diversity Program has developed, coordinated and promoted YOUTH EMPLOYMENT SCHEME a broad range of initiatives aimed at increasing The department has participated in YES – formerly engagement with diverse employee populations, known as the Victoria works for Young People including Aboriginal and Torres Strait Islanders, Program – since its inception, and remains culturally and linguistically diverse employees, committed to meeting youth employment goals and people with a disability. and targets each year. WOMEN’S AFFAIRS In 2013-14, the department accepted 20 traineeship The department’s internal Women’s Network placements across its offices. The majority of YES Forums promote the continued development trainees are in the administrative, information of female employees. The forums provide technology and clerical categories, with trainees opportunities to hear from female leaders about undertaking diverse roles that provide valuable their experiences as well as opportunities for on-the-job training. discussion and networking with colleagues across The department will continue to actively participate the department. in the scheme to help build trainees’ skills and Guest speakers in in 2013-14 included Sandra provide employment opportunities for young people. Denis, Deputy Secretary, Energy and Earth CULTURALLY AND LINGUISTICALLY Resources and Janet Dore, CEO of the Transport DIVERSE COMMUNITIES Accident Commission. The department’s Cultural Diversity Plan reflects its INDIGENOUS COMMUNITIES commitment to harnessing the economic benefits of diversity by ensuring: The department’s updated Aboriginal Employment Plan 2014-15 was launched in March 2014. The >> the department’s programs and services pay plan continues to align with Karreeta Yirramboi, the due regard to cultural diversity in terms of Victorian Aboriginal Public Sector Employment and awareness, access and utilisation Career Development Action Plan, and includes four >> cultural diversity is recognised and promoted areas for action: in current and future programs as an asset that >> employment pathways and programs at encourages growth and development the department >> the department’s internal processes, systems >> attraction, recruitment and selection processes and practices reflect a best-practice approach to cultural diversity. >> supportive and inclusive working environments The department provides a full report on its >> opportunities for career development. initiatives and achievements in multicultural affairs Additional highlights in 2013-14 included: annually to the Victorian Multicultural Commission >> the launch of the department’s Aboriginal as required by the Multicultural Victoria Act 2011. Inclusion Action Plan in March 2014 >> celebration of NAIDOC Week though a combined event with the Department of Transport Planning and Local Infrastructure, and Department of Justice

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GRADUATE RECRUITMENT AND SUPERANNUATION SCHEME DEVELOPMENT SCHEME Department employees who commenced The Victorian Public Service Graduate Recruitment before 1994 are members of defined benefits and Development Scheme (GRADS) provides the schemes such as the Revised, New or Transport department with a valuable source of high-potential schemes. These schemes are administered by candidates with a variety of academic qualifications the Government Superannuation Office, now an and experience. operating division of Emergency Services and State Superannuation. Since 1994, all new employees The department recruited five graduates for the are able to nominate to have their employer 2013 program and gained an additional three contributions made to any complying accumulation graduates due to MOG changes. fund of their choice, including VicSuper. Following successful completion of the 12-month program in January 2014, seven graduates returned COMPLIANCE WITH THE CARERS to the department and were appointed to VPS RECOGNITION ACT 2012 Grade 3 positions. The Carers Recognition Act 2012 requires that The department has recruited seven graduates as all State Government Departments responsible part of the 2014 intake and will host a further 14 for developing or providing policies, programs or graduates on rotation during the course of the services that affect people in care relationships 2014 program. report on how they met their obligations under the Act in their annual report (s.12). MENTORING PROGRAM During 2013-14, the department has continued to Mentoring is often cited by corporate and promote workplace flexibility for all employees, government leaders as a key factor in successful including those in care relationships. Further work workforce capability development. The department will be undertaken during the 2014-15 financial has implemented a Mentoring Program to build and year to make additional resources available to to achieve personal, professional and organisational employees and their managers. goals. This program has been running since 2002- 03 and, in 2013-14, attracted 64 participants (32 APPENDIX 11 mentees and their mentors) representing about 6 HUMAN RIGHTS AND per cent of the workforce. RESPONSIBILITIES CHARTER The focus of the 2013-14 Mentoring Program was to inspire VPS mentees to strive for higher The Charter of Human Rights and Responsibilities levels of performance through the development of Act 2006 (the Charter) applies to all public an ongoing relationship with a senior leader, an authorities, including government departments EO who can support the mentee to realise their and agencies. professional goals and career opportunities. The Charter reinforces the protection of LEARNING AND DEVELOPMENT fundamental human rights and ensures that human rights are taken into account by the Government During the 2013-14 financial year, 389 participants when it makes administrative decisions. attended 54 departmental and interdepartmental learning and development workshops. The department has a process for the assessment of new legislation and policies for their compatibility with the Charter. Staff in the department participate in human rights training upon induction, and ongoing education about human rights is encouraged and promoted.

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APPENDIX 12 INTERNATIONAL VICTORIAN GOVERNMENT BUSINESS OFFICES

The VGBO overseas network comprises 17 Key deliverables representative offices in strategic locations. In Contribution to increased investment 2013-14, a new office was established in Jakarta, outcomes for Victoria Indonesia, and the Government announced it will open an office in Seoul, South Korea. Seven The VGBOs: Commissioners and an Agent-General manage the >> converted a number of investment leads, 17 offices. The functions of the Agent-General and including Mimecast, an ICT company that Commissioners are administered under the Agent- provides products and services to the General and Commissioners for Victoria Act 2007. professional services and government sectors, The international VGBOs work in partnership with the establishment of its Asia Pacific with the department to facilitate foreign direct Headquarters in Melbourne, creating 25 jobs investment, develop exports and deliver WoVG >> delivered a visit to the UK for Virgin Australia activities. The offices play an essential role Melbourne Fashion Festival, with a number of in raising the profile of Victoria and Victorian opportunities generated (November 2013) businesses internationally, including managing the state’s relationships with important >> delivered a visit to the UK by Mercer to support international partners. the promotion of the Melbourne Mercer Global Pension Index. The office arranged meetings for In the financial year 2013-14, the international Mercer with international asset management VGBO network assisted in facilitating approximately firms and hosted a roundtable to discuss post $370 million of capital investment into the state, retirement solutions and highlight Melbourne’s with investment projects supported by the VGBOs asset management leadership with financial expected to generate over 2,370 new jobs in services industry stakeholders (October 2013) Victoria. The offices supported 2,150 Victorian >> delivered industry briefings on Victoria’s companies in international markets, largely through capabilities to stakeholders related to food and the department’s Trade Mission Program. Overall, agribusiness, ICT, mining and retail across the Victorian companies participating in international UK and Europe trade programs anticipated export sales of $1.867 billion in the 24 months following the activity. >> conducted more than 200 meetings with companies on investing in Victoria. Note: These figures are projected additional export sales as reported by companies participating in Contribution to increased export outcomes trade programs. for Victoria The VGBOs: AGENT-GENERAL FOR VICTORIA – UK AND EUROPE >> supported 82 Victorian companies that The Agent-General in London represents Victoria in participated in trade programs to the UK and the UK, Europe and Israel. The Agent-General and Europe, with anticipated export sales of $129 VGBOs in London and Frankfurt delivered a range of million in the 24 months following the activity activities and initiatives in 2013-14. >> identified export leads for Victorian businesses and delivered export facilitation programs Significant achievements >> developed a trade manual for Victorian >> Assisted in attracting $126 million worth of companies entering the UK market investment into the state, creating 539 jobs >> worked with a number of intermediaries in >> Assisted retailer H&M, which opened its the UK to create export opportunities for Australian flagship store in Melbourne, creating Victorian companies. up to 200 jobs >> Established the Significant Investor Visa Program in-market to assist investor candidates and promote Victoria’s wider investment opportunities.

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Promotion of Victoria and its industry >> supported two Australian Ambassador capabilities Dinner events in Berlin and Frankfurt with the Australian Embassy Germany, ABiE The VGBOs: and Austrade, focused on business >> promoted Victoria’s cultural, sporting and other capability promotion major events in-market >> delivered Victoria Week 2013, focused on >> developed a program to encourage high net Victoria’s central position in Australia’s worth individuals to consider Victoria as a mining industry migration destination through the Significant >> through the New Silk Road Forum, the VGBO Investor Visa Program widened its engagement through presentations >> hosted Victoria Week in London, including the by Ambassadors for Kazakhstan, Uzbekistan and following events: VIP Royal Academy ‘Australia’ Mongolia to an audience of 150, focusing on Exhibition (September to December 2013), Melbourne’s contribution to financial services, Melbourne Cup Networking Event (November R&D, education and professional services 2013), and the New Silk Road Forum: supporting the mining industry Opportunities for Mining and Mining Services >> delivered over 320 per cent growth in the Providers (November 2013) Victorian Connection UK LinkedIn Group, >> hosted three significant investment migration utilising it as a business engagement forum events across the UK and participated in a >> hosted five Victorian Connection UK further 21 externally hosted migration expos networking events, including a targeted industry promoting opportunities in Victoria roundtable with Victorian Connection >> presented at Mobile World Congress Barcelona financial services representatives (February 2014) and worked with the >> worked with UKTI, Tech UK and the Australia University of Melbourne, Monash University, French Chamber of Commerce to include Swinburne University of Technology and Melbourne in its Australia-bound missions. RMIT University to promote Victorian education and research capabilities Delivery of a WoVG approach >> provided in-market support (Frankfurt) for The VGBOs: Victoria’s third Low Rank Coal Symposium >> supported a visit to the UK and Poland by the (April 2014) Hon. Nicholas Kotsiras MP, Minister for Energy >> presented at RED Money Conference in and Earth Resources, Minister for Multicultural Luxembourg on Victoria’s agribusiness Affairs and Citizenship (September 2013) investment opportunities (June 2014). >> coordinated a visit to continental Europe by the Strengthening international relationships Hon. Matthew Guy MP, Minister for Planning (September 2013) The VGBOs: >> coordinated a visit to continental Europe >> worked with the Australian Business in by the Hon. David Hodgett MP, Minister for Europe (ABiE) groups in London, Frankfurt and Manufacturing, Minister for Ports and Minister Paris to support efforts to attract investment for Major Projects (May 2014) into Victoria >> supported a visit to the UK by the Victorian >> strengthened Victoria’s relationship with the UK Small Business Commissioner (November 2013) Trade and Investment Office (UKTI) London head office, as well as regional offices in Cambridge >> facilitated the Joint Parliamentary Economic and Bristol, by assisting with business Development and Infrastructure Committee visit delegations to Australia to the UK (July 2013) >> supported a briefing on Victoria’s economy and investment proposition by the Treasury Corporation of Victoria to key stakeholders in London.

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Cooperation with the Federal Government >> Tintri – the ICT company will establish its Australian headquarters in Melbourne, creating The VGBOs: 30 new jobs >> collaborated with Austrade to present >> Microsoft – will establish a R&D centre at the investment seminars for the food and University of Melbourne, creating 28 new jobs agribusiness sector in the Netherlands and $1 million in investment >> worked closely with the Federal Government >> Brooks Brothers – retail expansion into Department of Defence, the Defence Materiel Melbourne, creating 20 new jobs Organisation and Australian Defence Attachés to promote Victorian capabilities >> nSynergy – Microsoft SharePoint expansion, and opportunities. creating 120 jobs >> Williams–Sonoma Inc. – retail expansion into COMMISSIONER FOR VICTORIA – AMERICAS Melbourne, creating 30 new jobs >> United Airlines – will introduce direct flights six The Commissioner in San Francisco represents days per week from Los Angeles to Melbourne. Victoria in the Americas. The Commissioner and the VGBOs in San Francisco, New York, Washington Contribution to increased export outcomes and Chicago delivered a range of activities and for Victoria initiatives in 2013-14. The VGBOs: Significant achievements >> coordinated a delegation of 18 organisations and companies participating in the Medical >> Delivered and supported 20 significant Device Trade Mission to San Diego, Boston and investment projects from the USA into Washington DC (September 2013) Victoria creating over 840 new jobs across manufacturing, retail, defence, food and >> coordinated a delegation of 22 Victorian mining beverage, energy and ICT companies participating in ExpoMin 2014, Santiago, Chile (April 2014) >> Supported 431 Victorian companies participating in export and trade programs in North and South >> supported a delegation of 36 Victorian bio America. Participating companies reported medical companies attending BIO2014 in San anticipated export sales of over $453 million Diego, California (June 2014) over the 24 months following the trade activity. >> partnered with Austrade on a pilot program that Key deliverables introduced 19 Victorian companies to Amazon. com for potential international promotion Contribution to increased investment and distribution of their products through the outcomes for Victoria Amazon online platform The VGBOs assisted in the facilitation of the >> partnered with the Australian Automotive following investments into Victoria: Aftermarket Association to support eight Victorian companies participating in the >> Equinix – $59 million investment in a premium Performance Racing Industry Trade Show in data centre in Victoria, creating 20 new jobs Indianapolis (December 2013) >> High Tail – the Silicon Valley tech company >> supported a delegation of 13 Victorian established its Asia Pacific headquarters in companies participating in the Defence and Melbourne, creating 20 new jobs Aerospace Trade Mission to Washington DC >> Eventbrite – the tech company will establish and Michigan (May 2014) its Asia Pacific headquarters in Melbourne, >> supported 21 Victorian companies participating creating 30 new jobs at the Games Developers Conference in San >> Exelis – the aerospace and defence company Francisco (March 2014) will establish its Asia Pacific headquarters in Melbourne, creating 68 new jobs

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>> supported eight Victorian defence companies Strengthening international relationships participating at the Association of US Army The VGBOs: Trade Conference, in partnership with the Defence Materiel Organisation and Team >> partnered with the Australian Embassy Defence Australia, Washington DC Chile and Government of Chile to deliver an (October 2013) inbound program for a delegation of Chilean irrigators and officials to investigate irrigation >> supported three Victorian defence companies modernisation, infrastructure and water participating at Modern Day Marine, Virginia management programs in Victoria (June 2014) (September 2013) >> partnered with Austrade Mexico to deliver >> partnered with ANZA Technology and Pyksis to an inbound program for a delegation from support small Victorian companies in the Global the Mexican National Water Commission, Acceleration Program. CONAGUA, to investigate irrigation Promotion of Victoria and its industry modernisation, infrastructure and water capabilities management programs in Victoria (May 2014) The VGBOs: >> supported leading Canadian industry figures >> supported AIDS 2014, delivering a major to attend the Australia–Canada Economic event in San Francisco with the AIDS 2014 Leadership Forum in Melbourne (February 2014) Chairperson promoting Melbourne as a >> supported the Government of Mexico’s destination for the AIDS 2014 Conference to Economic Development Agency, ProMexico, leading USA HIV and medical researchers to establish its first Australian trade and (March 2014) investment office in Melbourne (June 2014) >> promoted Victoria’s capabilities in life sciences >> supported USA defence trade delegations to through presentations at the Boston-based attend the Pacific Defence 2013 MaritimeExpo, Massachusetts Life Sciences Centre, Australia (October 2013) International Collaborative Industry Program >> supported leading USA Silicon Valley technology (April 2014) companies to participate in Connect Expo 2014 >> supported high-level engagement with the Conference in Melbourne (March 2014). Government of San Luis, Argentina, to design Delivery of a WoVG approach and implement a new vocational training system based on the Victorian model (June 2014) The VGBOs supported a number of visits to the Americas, including: >> collaborated with the Federal Government to host an aerospace and defence networking >> the Governor of Victoria His Excellency the Hon. reception at the Embassy of Australia, Alex Chernov AC QC, who led the Victorian Washington DC. This was supported by delegation to BIO 2014, San Diego (June 2014) the Department of Foreign Affairs and >> the Hon. David Hodgett, Minister for Ports, Trade, Austrade and the Defence Materiel Minister for Major Projects and Minister for Organisation to promote the strengths of the Manufacturing, who led a Defence Industry sector in Victoria (May 2014) Trade Mission to Washington DC, Texas and >> facilitated and supported Victorian IT companies Detroit (May 2014) utilising incubator facilities and services in >> the Hon. Heidi Victoria, Minister for the Arts, Silicon Valley Plug and Play Tech Centre for to San Francisco (April 2014) Start Ups. >> the Hon. Michael O’Brien, Treasurer, to the USA and Canada (October 2013) >> the Secretary, Victorian Department of Human Services, to New York (October 2013)

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>> the Commissioner, Victorian Fire Services, >> Secured the pre-Asia Cup 2015 training camps to California (April 2014) of the Bahraini and Jordanian football teams (in >> a Parliamentary Environment and Natural Ballarat and Mulgrave, respectively) following Resources Committee visit to the USA and a targeted program of activities to attract these Canada (August 2013). teams to base their camps in Victoria rather than other states. This will provide an economic Cooperation with the Federal Government boost to these local areas and will help promote The VGBOs: Victoria’s major event capabilities. >> collaborated with Austrade to promote Key deliverables the strengths of Victoria and Australia in Contribution to increased investment a presentation to the Madison Wisconsin outcomes for Victoria International Trade Association (June 2014) The VGBO promoted Victoria as an investment >> collaborated with the Defence Materiel destination at: Organisation in presenting Victoria’s defence capabilities at the annual Foreign Comparative >> the UAE Global Investment Forum in Dubai Technology Conference, Office of the USA (October 2013) Secretary of Defence (April 2014) >> the Global Islamic Economy Forum >> collaborated with Federal Government (November 2013) representatives in Argentina to support a >> Austrade ‘Australia Unlimited’ Investment new vocational training system based on the Forums in Dubai, Abu Dhabi, Riyadh, Muscat, Victorian model in San Luis (June 2014) Casablanca and Kuwait (April 2014) >> collaborated with Austrade and the Defence >> the Dubai Annual Investment Conference Materiel Organisation in North and South (April 2014) America to facilitate a number of investment, trade and defence industry opportunities >> the Arabian Hotel Investment Conference in for Victoria. Dubai (May 2014) >> the Euromoney Asia Investment Conference, COMMISSIONER FOR VICTORIA – MIDDLE EAST, AFRICA AND TURKEY Istanbul (June 2014). Contribution to increased export outcomes The Commissioner in Dubai represents Victoria for Victoria in the Middle East, Africa and Turkey. The Commissioner and the VGBO in Dubai delivered a The VGBO: range of activities and initiatives in 2013-14. >> delivered the ‘Victoria Week 2013’ promotional Significant achievements program and trade mission including networking events, business meetings, forums and media >> Supported more than 110 Victorian businesses coverage (September 2013). The 22 companies that participated in the STM to Saudi Arabia, that participated reported anticipated export the United Arab Emirates (UAE), Oman and sales of more than $16 million in the 24 month Turkey in February 2014. Companies that period following the mission participated reported more than $305 million in >> attended Salon International de l’alimentation anticipated exports in the 24 months following (SIAL) food trade exhibition 2013, Abu Dhabi the mission (November 2013) >> Supported 418 companies in total through >> attended Australia Unlimited forums and export programs and missions. Companies seminars in Dubai, Saudi Arabia, Kuwait, participating in export programs reported Morocco and Oman anticipated export sales of over $330 million in the 24 months following the activity

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>> facilitated an inbound mission to Melbourne for Delivery of a WoVG approach education representatives from Saudi Arabia The VGBO: (June 2014). >> contributed to the implementation of the Promotion of Victoria and its industry Victorian Government’s Victoria – Gulf States capabilities Engagement Strategy 2013 The VGBO: >> supported Australian Business Groups in Dubai, >> promoted Victoria’s automotive aftermarket Abu Dhabi, Riyadh and Muscat capabilities and supported Victorian companies >> exhibited at the Soccerex Jordan Forum at Automechanika Middle East. The VGBO also promoting training camps in Victoria prior to the hosted a business networking reception with Asian Cup 2015 (May 2014). local buyers (June 2014) Cooperation with the Federal Government >> promoted Victoria’s education capabilities at: The VGBO: >> A2 Education Fairs in Kazakhstan (March 2014), Istanbul (November 2013 and >> supported the Australia Day events held by the February 2014), Rabat and Casablanca Australian Embassies in Abu Dhabi and Riyadh (April 2014) >> collaborated with Austrade on education >> GHEDEX Education Exhibition in Oman exhibitions in Istanbul, Riyadh, Muscat, Lagos (April 2014) and Accra. >> International Exhibition and Conference on COMMISSIONER FOR VICTORIA – Higher Education in Saudi Arabia INDONESIA (April 2014) The Commissioner in Jakarta represents Victoria >> an education exhibition in Accra, Ghana in Indonesia. The Commissioner and the VGBO in (May 2014) Jakarta delivered a range of activities and initiatives in 2013-14. >> QS Middle East and North Africa Professional Leaders in Education Significant achievements Conference and Exhibition (May 2014). >> Commenced activities in January 2014, Strengthening international relationships following the appointment of the Commissioner The VGBO: >> Recruited key VGBO staff >> supported the visit to the Middle East and >> Supported 35 companies and organisations from Turkey by the Hon. Louise Asher MP, Minister across the two key industries of sustainable for Innovation, Minister for Tourism and Major urban development and agribusiness / food Events, Minister for Employment and Trade, participating in the Victorian Government’s who led the STM to the market (February to STM to South-East Asia in June 2014. March 2013). Arranged meetings with senior Key deliverables government officials and business leaders in the Middle East and Turkey Promotion of Victoria and its industry >> conducted Commissioner level meetings with capabilities government officials and business leaders in The VGBO: the UAE, Saudi Arabia, Qatar, Oman, Kuwait, Morocco and Turkey >> organised a ‘Put Victoria on Your Table’ gala event for more than 100 key food buyers as part >> conducted meetings with the St Petersburg of the STM to South-East Asia 2014 Government and other potential business partners in Russia during the 25th anniversary of >> provided assistance to Victorian exhibitors at the the sister-city relationship between Melbourne Food & Hotel Asia 2014 Trade Fair (April 2014). and St Petersburg.

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Strengthening international relationships Cooperation with the Federal Government The VGBO: The VGBO: >> supported a visit to Victoria by a delegation of >> supported the Austrade Indonesia Culinary Indonesian Pension Fund Association members Trails Program, featuring a four-week Victorian to learn about the Australian superannuation food and beverage retail promotion and two system (April 2014) independent industry events promoting Victorian >> facilitated a visit to Victoria by senior Indonesian beef and lamb. Government officials to explore Victoria’s COMMISSIONER FOR VICTORIA – CHINA experience of Public Private Partnerships mechanisms for infrastructure delivery The Commissioner in Shanghai represents Victoria (May 2014) in Greater China. The Commissioner and the VGBOs in Beijing Chengdu, Hong Kong, Nanjing >> facilitated a visit to Victoria by a delegation of and Shanghai delivered a range of activities and eight Yogyakarta Government officials to explore initiatives in 2013-14. trade collaboration opportunities in the fields of education, ICT, arts and tourism (June 2014) Significant achievements >> assisted with a visit to Victoria by a delegation >> Supported more than 270 Victorian of Indonesian businesses and KADIN (Kamar organisations and more than 410 delegates Dagang dan Industri), the official business participating in the STM to China in October representative association of Indonesia 2013. About 38 per cent of trade mission (June 2014) participants were new to the Chinese market >> supported a visit to Victoria by 10 Indonesian and 30 per cent (prior to the trade mission) had automotive industry representatives to explore not previously exported opportunities for collaboration with Victorian >> Conducted major showcase events in the automotive parts manufacturers (May 2014) cities of Tianjin and Shanghai as part of the >> established a relationship with the Victoria mission, promoting Victoria’s food, beverage, chapter of the Australian Indonesian Business services and education exports as well as Council to help explore investment and inbound investment trade opportunities. >> Companies that participated in the mission Delivery of a WoVG approach reported anticipated export sales of $390 million in the 24 months following the mission. The VGBO: Key events culminating during the STM >> supported the visit by the Hon. Peter Walsh MP, Minister for Agriculture and Food Security as >> the Premier of Victoria the Hon. Dr Denis part of the STM to South-East Asia (June 2014) Napthine MP hosted a Food and Agriculture Investment Roundtable meeting in Shanghai >> supported the expansion of the Hamer with 60 participants including some of China’s Scholarships Program to Indonesia – assisted largest food and agricultural companies with establishing Victoria’s relationships with partner organisations in Indonesia >> the Hon. Peter Walsh MP, Minister for Agriculture hosted several key events and >> supported the implementation of the Victorian meetings in Tianjin, Beijing and Shanghai Government’s South East Asia Market focusing on agribusiness investment and market Engagement Plan (2013). access for Victorian exporters >> the Hon. Louise Asher MP, Minister for Innovation, Minister for Tourism and Major Events and Minister for Employment and Trade, officially opened the VGBO in Chengdu City

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>> the Premier hosted a networking dinner for more >> facilitated an inbound delegation of Chinese than 700 guests in Shanghai buyers to the International Food and Beverage >> the Premier and the Hon. David Hodgett Trade Week in Melbourne (March 2014) MP, Minister for Ports, Minister for Major >> assisted a visit to Guangzhou by the Central Projects and Minister for Manufacturing, held Victorian Exporters Network (September 2013) discussions with Chinese officials on critical port >> coordinated a function for senior infrastructure development including a visit to representatives of the China Commercial Yangshan Port Aircraft Company (COMAC), in support of the >> Minister Hodgett represented the Victorian research collaboration and export activities Government at the opening of Bluescope Steel’s between COMAC and Advanced Composite world-class energy efficient production facility Structures Australia. in Xi’an. Promotion of Victoria and its industry Key deliverables capabilities Contribution to increased investment The VGBOs promoted the Significant Investor outcomes for Victoria Visa Program which has contributed to a significant increase in interest in Victoria as The VGBOs: a migration destination: >> provided support to Ovolo Hotel Group which >> participated in more than 150 events across committed to establishing its Australian China promoting Victoria as the right destination headquarters in Melbourne for potential private investors >> supported Coal Energy Australia’s commitment >> provided information to more than 5,500 to an investment exceeding $100 million potential migrants and intermediaries at utilising Chinese technology for the advanced these events. processing and export of lignite derivatives The VGBOs participated in the following education >> assisted Shanghai Electric Power, which has events under the Study Melbourne brand: committed to investments over the next five years for an advanced lignite processing project >> Study Melbourne agents briefing in Hong Kong in the Latrobe Valley (August 2013) >> facilitated an Australian Dairy Park investment >> Victorian Government Education Agents Briefing of $15 million for milk product exports to China in Taipei (October 2013) >> supported Fly Overseas Group, which has >> Study Melbourne Seminar in Taipei established its regional headquarters in (October 2013) Melbourne, creating 40 full-time jobs >> China International Education Exhibition >> assisted PowerChina, which has committed Tour 2014 in Beijing, Shanghai, Wuhan and to establishing its Australian/New Zealand Guangzhou (throughout March 2014). headquarters in Melbourne. The VGBOs supported and promoted Victoria’s trade Contribution to increased export outcomes for interests at the following events: Victoria >> Children, Baby and Maternity Exhibition, The VGBOs: Shanghai (July 2013) >> Hong Kong International Baby Products Expo >> supported 630 Victorian companies participating (August 2013) in trade programs that have reported anticipated exports of $550 million in the 24 months >> Asia Fruit Logistica, Hong Kong following the trade program (September 2013) >> coordinated a Victorian Financial Services >> Angliss Discovery 2013 Trade Show Mission to Beijing, Shanghai, Shenzen and Hong (October 2013) Kong (March 2014)

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>> Food and Hotel China, Shanghai >> provided business support for nearly 20 inbound (November 2013) delegations from China, including multiple >> Hong Kong International Wine and Spirits Fair delegations from Jiangsu to Victoria. (November 2013) Delivery of a WoVG approach >> Cosmoprof (Asia’s leading beauty and cosmetics The VGBOs: trade show) in Hong Kong (November 2013) >> played a lead role in securing the cooperation >> Appliance World Expo, Shanghai (March 2014) and collaboration of authorities in China to >> Mines and Money, Hong Kong (March 2014) support the Government’s Victorian Young Leaders to China Program (Victorian Secondary >> Hong Kong International ICT Expo – the VGBO Schools China Immersion Program) assisted 17 exhibiting and visiting Victorian ICT companies (April 2014) >> supported the Hamer Scholarships Program with further rounds of participants completing their >> SIAL (Asia’s leading food and beverage studies in China exhibition) in Shanghai (May 2014) >> supported Victoria’s relationships with >> Asian Racing Conference – assisted 10 Jiangsu-based universities and the Jiangsu exhibiting Victorian companies (May 2014) Education Department >> Biofach China, Shanghai (May 2014) >> supported candidates participating in the ALDP, >> Taipei Food Show (June 2014). a collaboration between the Victorian and Strengthening international relationships Federal Governments The VGBOs: >> supported multiple visit programs to China related to Victorian brown coal R&D programs >> led by the Commissioner, executed a strategic >> supported a visit by a Victorian Parliamentary MOU on behalf of the Victorian Government Delegation, led by the Hon. Ken Smith MP, then with the China Development Bank for Speaker of the Legislative Assembly. collaboration and information exchange on investment in infrastructure related programs Cooperation with the Federal Government including agribusiness related projects. This The VGBOs: was witnessed by the Premier of China Li Keqiang and the Prime Minister of Australia >> collaborated with the Australian Embassy in the Hon. Tony Abbott MP Beijing regarding coordination of visit programs, including for the Hon. Andrew Robb MP, >> organised and supported the visit by the Premier Federal Minister for Trade as special guest of of Victoria the Hon. Dr Denis Napthine MP to the Premier at Victoria’s Food and Agriculture Nanjing for official meetings with Jiangsu’s Investment Roundtable in Shanghai Party Secretary and Governor (April 2014) >> worked with the Australian Embassy in Beijing >> coordinated Victoria’s sponsorship of an and the Australian Consulate in Shanghai on the Oriental Mining Club event in Shanghai with the Australia Week in China Program and the Prime Premier as a guest speaker Minister’s and State Premiers’ visit in April 2014, >> supported the Premier’s signing of a MOU including the Prime Minister’s participation at with PowerChina in April 2014 to help bring Victorian Government hosted events. the world-class construction company to the Australian market to improve competition and productivity in the Victorian construction sector >> attended and supported the visit program of the City of Melbourne Lord Mayor and his delegation to Beijing and Tianjin (March 2014)

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COMMISSIONER FOR VICTORIA – >> organised high-level trade and investment SOUTH-EAST ASIA roundtables hosted by the Hon. Louise Asher The Commissioner in Kuala Lumpur represents MP, Minister for Innovation, Minister for Tourism Victoria in South-East Asia. The Commissioner and and Major Events and Minister for Employment the VGBO in Kuala Lumpur delivered a range of and Trade, in Malaysia and Singapore as part of activities and initiatives in 2013-14. the STM to South-East Asia. Contribution to increased export outcomes for Significant achievements Victoria >> Played a role in attracting over $11.4 million The VGBO: in capital investment from South-East Asian companies to Victoria that is expected to create >> supported the Victorian ICT Mission of 52 186 jobs companies to CommunicAsia Singapore (June 2013) resulting in anticipated export sales >> Supported 270 Victorian companies participating of over $27 million in the 24 month period in trade programs in the region. Participating following the mission companies reported anticipated export sales of over $278 million in the 24 months following the >> supported the Victorian Food and Beverage trade program Trade Mission to Food & Hotel Asia in Singapore (April 2014). Forty four Victorian companies >> Supported more than 130 Victorian participated and reported anticipated export organisations from across five key industries sales of over $19 million in the 24 month period participating in the Victorian Government’s following the mission second STM to South-East Asia (June 2014). The mission travelled to Malaysia, Indonesia, >> organised a networking reception for over 120 Singapore, Myanmar and Thailand. Companies key food buyers, both importers and retailers, to are estimated to have made more than 1,700 promote Victorian food produce during Food & business connections during the mission and Hotel Asia 2014 (as of 30 June 2014) had reported anticipated >> supported a visit by 12 Thai companies, seven export sales of over $68 million in the 24 months Singaporean companies and seven Malaysian following the mission. companies for the International Food and Beverage Trade Week in Melbourne Key deliverables (March 2014) Contribution to increased investment >> collaborated with the Royal Agricultural outcomes for Victoria Society of Victoria (RASV) on a video featuring The VGBO: the transformation of the South-East Asian food industry and highlighting the in-market >> facilitated an investment by RedDot Brew opportunities for Victorian exporters to the House of Singapore to establish a boutique region. The video was launched at the RASV’s micro-brewery in Victoria, expected to create Heart of Victoria gala dinner (June 2014) 25 new jobs >> facilitated six Malaysian companies, two >> facilitated an investment by Singapore Indonesian companies and one Thai company International Airlines Engineering Company to to attend the Australian Automotive Week in establish a maintenance, repair and overhaul Melbourne (March 2014) operation at Melbourne Airport, expected to create up to 100 jobs >> in collaboration with Austrade, assisted the Federation of Automotive Product >> progressed a number of investment leads in Manufacturers with a trade mission to Malaysia aviation, ICT, tourism, hospitality, and property and Indonesia that included 11 Victorian development and construction industries companies (February 2014)

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>> supported the Victorian Urbanisation and >> attended the launch of the Malaysian National Infrastructure Mission to Timor Leste (February Automotive Policy 2014 that saw Swinburne 2014) that involved six Victorian companies and University of Technology sign a MOU with resulted in anticipated export sales of over the Malaysian Automotive Institute, ARCA $9 million for the 24 month period following Corporation Sdn Bhd and Australia’s AutoCRC, the mission to develop and manufacture electric buses, >> supported the participation of five Victorian lithium ion batteries and a commercial vehicle organisations at Carbon Forum Asia, Thailand tracking system. The Commissioner participated (September 2013) resulting in $13.7 million in in a media panel session with the Malaysian anticipated exports over the 24 month period Minister for International Trade and Industry following the mission >> provided support to Ironstone Capital and >> assisted Northern Melbourne Institute of TAFE facilitated meetings with Malaysia’s largest to secure a Train the Trainers contract with coal importers and energy regulators the National Association of Private Education (September 2013) Institutions and the Federation of Malaysian >> participated in the 2014 Study Melbourne Fairs Accredited Centres, resulting in export sales in the Malaysian cities of Johor Bahru and of $64,000 Kuala Lumpur to promote Victorian education >> a MOU was signed between Federation Training institutions and Melbourne as a and three Malaysian partners during the STM to study destination South-East Asia, witnessed by the Hon. Louise >> organised a networking dinner with seven local Asher MP, Minister for Employment and Trade education agents and 12 Victorian alumni in and the Malaysian Deputy Minister for Youth Yangon, Myanmar, as part of the STM 2014 and Sports. The project is expected to result >> in collaboration with CPA Australia, organised in export sales of $60,000 in the 24 months a workshop in Kuala Lumpur titled ‘9 Reasons following the activity Why Innovation Fails’ attended by 80 >> supported the education stream of the Victorian participants from a broad range of industries STM to South-East Asia that involved 15 TAFEs >> facilitated a meeting between La Trobe and private registered training organisations University and the Malaysian-based Crops and six universities, visiting Malaysia, Indonesia for the Future Research Centre to explore and Vietnam. This resulted in $4.22 million collaborative R&D projects, particularly with in anticipated exports over the 24 months regard to the new AgriBio facility, which is a following the mission. joint venture between the Victorian Government Promotion of Victoria and its industry and the University (February 2014) capabilities >> supported the establishment of the Melbourne The VGBO: Business School – Mt Eliza Executive Education unit’s new office in Malaysia >> managed an extensive South-East Asia wide public relations campaign to promote Victoria’s >> in conjunction with Monash University trade and investment value proposition. A Malaysia, organised the Taste of Australia – total of 156 print, online and broadcast media Experience Victoria event (September 2013). The clippings were generated with an estimated event showcased Victoria’s passion for sport, advertising equivalent value of $260,000 food and culture to more than 500 Monash Malaysia students.

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Strengthening international relationships Delivery of a WoVG approach The VGBO: The VGBO: >> continued to strengthen engagement with >> supported a visit to Thailand by the Hon. Peter Victoria’s international alumni, diaspora and Walsh MP, Minister for Agriculture and Food business professionals through the promotion of Security (October 2013) the Victorian Connection chapters in Malaysia, >> promoted the Victorian Government’s Singapore, Indonesia and Vietnam infrastructure development plans and >> in conjunction with the October 2013 visit by the PlanMelbourne Governor of Victoria His Excellency the Hon. Alex >> assisted with the promotion of AusMed 2014, Chernov AC QC, staged two Victorian Connection in Melbourne (April 2014) receptions in Singapore and Malaysia, attended by 120 and 130 members respectively >> assisted the Victorian Department of Environment and Primary Industries with a >> facilitated the involvement of the Governor of Victorian potato industry visit to Malaysia Victoria in the 5th World Chinese Economic (December 2013). Forum staged in Kuala Lumpur, Malaysia (October 2013). The Governor of Victoria met Cooperation with the Federal Government with the Deputy Prime Minister of Malaysia, The VGBO: the Chief Minister of Penang and was also granted an audience with His Royal Highness >> presented at the Australia – A Wealth of the Regent of Perak Investment Opportunities Forum in Kuala Lumpur Malaysia (November 2013) jointly >> attended the World Cities Summit in Singapore organised by Austrade Kuala Lumpur and (June 2014) Tourism Australia, attended by over 50 senior >> facilitated an inbound delegation of 11 teachers Malaysian executives and parents and 24 primary students from >> participated in a networking event hosted by Marian Convent, a public school from Ipoh, the Australian High Commission to Malaysia for Malaysia to Melbourne (June 2014) which the Hon. Julie Bishop MP, Australian Minister included a one-day immersion at Haileybury of Foreign Affairs, with the theme ‘Enhancing Primary, Brighton Campus the Australia-Malaysia relationship through >> attended and presented a paper at the Asia education’ - the New Colombo Plan was Pacific Association of International Education announced which the VGBO supports through Conference in Seoul, South Korea attended by active promotion and in-country support 1,300 participants from over 60 countries >> participated in the International Women’s Day: >> assisted a delegation of eight Indonesian Celebrating Women in Education event in education providers and 18 delegates led Kuala Lumpur (March 2014), organised by the by the Yogyakarta chapter of the Indonesian Australian High Commission in Malaysia and Association of Private Higher Education to attended by 60 prominent international Melbourne (November 2013). business women >> worked closely with the Australian High Commission to Malaysia and Austrade Kuala Lumpur to deliver the Victorian Government STM to South-East Asia and the associated Ministerial visit programs. Ministerial level meetings were arranged with the Malaysian Minister for Tourism, the Malaysian Minister for Agriculture and the Malaysian Minister for International Trade and Industry.

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COMMISSIONER FOR VICTORIA – INDIA >> supported 29 companies that participated in the Victoria Week Trade Mission in September The Commissioner in Bangalore represents Victoria 2013 led by the Hon. Louise Asher MP, Minister in India, Sri Lanka, Bangladesh, Bhutan and Nepal. for Innovation, Minister for Tourism and Major The Commissioner and the VGBOs in Bangalore Events, and Minister for Trade and Employment, and Mumbai delivered a range of activities and to Mumbai, Delhi, Bangalore, Ahmedabad initiatives in 2013-14. and Pune Significant achievements >> assisted Victorian companies participating in conferences and visits in India including: >> Supported more than 100 Victorian organisations, representing five industry streams >> five food and beverage companies that participating in the STM to India (March 2014) exhibited at the largest Indian food expo which visited five Indian cities. Companies that Annapoorna World of Food Exhibition participated in the mission reported anticipated in Mumbai export sales of $38 million in the 24 months >> a mission of five geospatial companies to following the mission. In total, the VGBO India (February 2014) to attend the India supported 174 Victorian companies Geospatial Forum in Hyderabad participating in trade programs in 2013-14. Those companies reported anticipated export >> RMIT University and private institutes such sales of more than $72 million in the 24 months as Asia Pacific Training Organisation, Darlo after the trade activity Consulting and Mentor Education >> Cyient (formerly Infotech Enterprises) announced >> supported the establishment of Victoria-India the expansion of its Melbourne delivery centre partnerships and projects including: creating 150 full-time jobs in Melbourne during >> a collaborative project between the an Engineers Australia industry forum in Victorian Government, Earth Systems and March 2014. the Indian Institute of technology Kanpur to Key deliverables tackle tannery waste issues in the Ganges River basin Contribution to increased investment outcomes for Victoria >> the Sporting Excellence through Partnership and Development Project between Kerala The VGBOs: Government and Victoria University >> assisted Servion Global Solutions with the >> the signing of a Vocational Education and establishment of its Australian headquarters in Training MOU between Kalyani Skills, a Melbourne (announced in March 2014) Bharat Forge Group Company and Chisholm >> assisted more than 20 Indian companies looking Institute of TAFE to establish a presence in Victoria. >> partnerships between Career Life College Contribution to increased export outcomes for with eight institutes and government Victoria agencies across India The VGBOs: >> an MOU between Jawaharal Institute of Post Graduate Medical Research Institute >> delivered the STM in March 2014, which and Bionics Institute of Australia for consisted of industry streams for sustainable cooperation on neurosciences urban development, ICT, health and aged care, and education. Organised more than 540 >> Victorian company Hydronumerics with a individual meetings for the 100 participating project in Gujarat Victorian organisations >> establishment of a training centre by GLOB- Education Promotion Company, a subsidiary of SILK education (Victorian provider)

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>> supported inbound missions of Indian >> Commissioner delivered the closing address at companies to explore opportunities for the UNAIDS 2014 promotional event in Delhi partnerships in Victoria including: >> supported the AFL India 2014 tournament >> a buyer delegation of 10 Indian leather held in Goa companies from the Council of Leather >> provided support at the Samaanata Conference, Exports to source raw materials and the final leg of the Sangam Project in Bangalore speciality leathers and learn from – Sangam is a collaborative arts annual Victoria’s expertise in treating effluents conference which provides a platform for from tanneries Australian and Indian artists for partnerships >> Marico Industries, one of India’s fast moving and exchanges consumer goods companies. >> facilitated the Victorian Government’s Promotion of Victoria and its industry sponsorship of the Australia India Youth capabilities Dialogue 2014 held over three days in Hyderabad and Delhi (January 2014) The VGBOs: >> enhanced engagement with Victorian alumni >> supported the Institute of Health Nursing through events and active promotions, in Australia which launched a professional nursing particular through the Victoria Connections exchange program in Kerala Program. The VGBO increased the membership >> conducted a seminar on Victorian research base of this group by 61 per cent in the six and innovation capabilities to top engineering months from December 2013 to July 2014. colleges in Bangalore, Karnataka (August 2014) Delivery of a WoVG approach >> organised a roundtable with Indian Banks’ The VGBOs: Association members with the Hon. Gordon Rich-Phillips MLC, Assistant Treasurer, Minister >> organised a business working lunch hosted by for Technology and Minister responsible for the the Secretary for key Karnataka Government Aviation Industry representatives from education, trade and tourism in Bangalore during his visit in October >> in partnership with Mind Blowing Films, 2013 to promote the STM 2014 organised the media event for the Indian Film Festival of Melbourne (IFFM) 2014 in Mumbai >> implemented initiatives under the state’s India (March 2014), attended by the Hon. Louise strategy Victoria and India – From Engagement Asher MP, Minister for Innovation, Minister to Partnerships (2013) through conferences, for Tourism and Major Events and Minister for seminars and missions. Employment and Trade and IFFM ambassador Cooperation with the Federal Government Vidya Balan. The VGBOs: Strengthening international relationships >> partnered with Austrade to support a visit to The VGBOs: India by the CEO of Neurosciences Victoria, who >> supported the visit to India by the Hon. met with Indian pharmaceutical companies to Gordon Rich-Phillips MLC, Assistant Treasurer, scope interest for joint projects in Melbourne Minister for Technology and Minister for the >> worked closely with Austrade, the Australian Aviation Industry who met with senior Indian High Commission and Australian Consulate in Government representatives in the IT and Mumbai on plans for Vibrant Gujarat 2015 education portfolios (March 2014) >> participated in a joint promotion of the >> in partnership with the international women’s Cricket World Cup 2015 with the organisation, WEConnect India, hosted the Australian High Commission. VWIIB event in Mumbai (March 2014)

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COMMISSIONER FOR VICTORIA – JAPAN >> organised a Victorian investment promotion AND SOUTH KOREA seminar in Tokyo (March 2014) in partnership The Commissioner in Tokyo represents Victoria in with Bank of Tokyo Mitsubishi – UFJ, which Japan and South Korea. The Commissioner and the attracted 50 guests from the local business VGBO in Tokyo delivered a range of activities and community and generated a number of initiatives in 2013-14. investment leads >> delivered a Public Private Partnership Significant achievements investment promotion in South Korea which led >> Attracted four new investments bringing over to major South Korean companies investigating $70 million in capital and generating more than potential infrastructure investments in Victoria 150 new jobs in Victoria. Investments included >> supported the R&D project between Sanoyas Holdings, Ryohin Keikaku (MUJI) and RMIT University and Hyundai Motors. The Kagome Foods Australia organisations signed on to the third phase of >> Facilitated two major trade missions to Foodex the project for ‘Minimising Wind Noise In-Cabin Japan (March 2014) and Seoul Food and Hotel of Vehicle’. Korea (May 2014). The 42 Victorian companies Contribution to increased export outcomes for that participated reported more than $34 Victoria million in anticipated exports in the 24 months The VGBO: following the activity >> Attracted the 34th AKBC-KABC (Australia Korea >> supported 145 Victorian companies participating Business Council-Korea Australia Business in Victorian Government trade programs. Council) Joint Meeting to Melbourne Participating companies reported anticipated (August 2013) with over 150 participants export sales of over $53 million in the 24 months from both countries. following the trade activity >> organised and participated in 11 trade shows Key deliverables and events Contribution to increased investment >> organised 16 delegates from Korea and Japan outcomes for Victoria to attend the International Food and Beverage The VGBO: Trade Week in Melbourne (March 2014) >> facilitated four new investments into Victoria >> organised the launch and promotion of Australia and generated 15 new investment leads Table Grapes in Japan and Korea in conjunction with the Australian Table Grapes Association, >> assisted visits to Melbourne by eight companies Austrade and the Victorian Department of including Sanoyas Holdings and Ryohin Keikaku Environment and Primary Industries >> coordinated 118 meetings with potential and >> delivered a Japan Education Trade Mission in existing Japanese investors Tokyo and Osaka with 19 Victorian education >> delivered an investment promotion event at the providers (June 2014) Business Link Exhibition in Osaka >> assisted RMIT University and Kookmin (February 2014) University to conclude a Student Exchange >> supported visits to Victoria by two major Korean Agreement in March 2014, which aimed to companies seeking joint venture and other commence exchanges from 2015 opportunities >> assisted with a Victoria University and Nagasaki University agreement to establish Student Mobility Programs between the two universities

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>> supported two institutions at an Education >> conducted an interview with Korea’s second Agent Workshop 2014 and arranged a biggest economic daily newspaper ‘The Korea networking event with 86 attendees in Seoul, Economic Daily (Hankyung)’ to promote South Korea Victoria’s strong economy and infrastructure >> supported Peerless to re-enter the Korean investment opportunities market with its innovative product ‘ABS’. >> promoted Victoria’s cleantech and renewable Promotion of Victoria and its industry energy capability at Entech 2013 in Busan, capabilities South Korea (July 2013). Strengthening international relationships The VGBO: The VGBO: >> promoted Victoria’s capabilities at the Japan- Australia Society in Kansai seminar (December >> supported a visit to Japan by the Premier 2013) and at the Melbourne Business Seminar of Victoria the Hon. Dr Denis Napthine MP in Osaka (March 2014) (October 2013) and coordinated the Premier’s >> coordinated a nanotechnology researchers’ attendance at the 51st Japan-Australia Joint delegation to Tokyo (January 2014) and a Business Conference presentation at Nanotech Japan 2014 Exhibition >> coordinated the visit to Japan by the Deputy (February 2014) Premier of Victoria the Hon. Peter Ryan MP and >> delivered a Victorian Research Capability Minister for State Development (October 2013). promotion with five Victorian researchers from The Deputy Premier met with the Vice Mayor La Trobe University, Deakin University and the of Osaka City to celebrate the 35th anniversary Australian Synchrotron of the sister city relationship with the City of Melbourne >> participated in the Austrade Korea Education Roadshow ‘Australia Future Unlimited >> assisted the visit to Osaka in March 2013 by the Education Exhibition’ in Korea to promote Study Lord of Mayor of Melbourne and coordinated Melbourne and assisted the participation of 14 business matching meetings for the associated Victorian education and training providers business delegation >> delivered an education mission ‘Study >> coordinated a visit by a delegation from the Melbourne Fair Japan 2014’ with 19 education Aichi Prefectural Assembly to Melbourne and training providers to develop new industry to meet with the Governor of Victoria His connections in Tokyo and Osaka Excellency the Hon. Alex Chernov AC QC, the Premier, the President of the Legislative Council >> Commissioner gave an interview to Korea’s the Hon. Bruce Atkinson MLC, and the then leading publication ‘Hotel & Restaurant’ to Speaker of the Legislative Assembly the Hon. introduce Victoria’s agribusiness and food and Ken Smith MP. beverage capability and opportunities arising from the Korea-Australia Free Trade Agreement Delivery of a WoVG approach >> facilitated a report on Victorian wine exporters The VGBO: attending Seoul Food 2014 by the top wine >> coordinated the visit of a senior DSDBI official to magazine in Korea ‘Wine Review’ present at the 22nd Clean Coal Day International >> promoted the AusBiotech Investment Summit Conference and set up meetings with Japanese in Melbourne (December 2014) and supported Ministry of Economy, Trade and Industry, coal Victorian participants at BioKorea 2014 energy industry body and companies. A dinner (May 2014) was co-hosted with the Federal Government, attended by 20 key Japanese Government, industry and academic stakeholders related to brown coal technology development

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APPENDIX 13 IMPLEMENTATION OF THE VICTORIAN INDUSTRY PARTICIPATION POLICY

>> assisted a visit to Korea by the Governor of The Victorian Industry Participation Policy Act 2003 Victoria His Excellency the Hon. Alex Chernov requires Victorian Government departments and AC QC. Visits were arranged with POSCO, public sector bodies to report on the implementation POSTECH, Hyundai Motors, FKI, Ministry of of the Victorian Industry Participation Policy (VIPP). Patriots & Veterans, Supreme Court and Busan Departments and public sector bodies are required City Government in South Korea (October 2013) to apply VIPP in all procurement activities valued >> supported the Hamer Scholarships Program at $3 million or more in metropolitan Melbourne to Japan and South Korea to further develop and for statewide projects, or $1 million or more for Victoria’s relationships with Japan and Korea- procurement activities in regional Victoria. based universities and partner organisations During 2013-14, the department commenced one >> supported the participation of a representative contract which met or exceeded VIPP thresholds. A from the Victorian Department of Human VIPP plan was not required for this procurement as Services in the K2H (Korea Heart to Heart) it was local by nature, with an estimated 100 per Fellowship Program with the Busan cent local content. City Government. The department did not commence or complete any Cooperation with the Federal Government other procurement activities which met or exceeded The VGBO: VIPP thresholds in 2013-14. >> developed relationships with Japanese There were no projects that were commenced prior pharmaceutical products companies and to the implementation of VIPP reforms on 1 January medical device companies jointly with the 2013 that were completed in 2013-14. Austrade Tokyo to promote Victoria’s capabilities During 2013-14, the Industry Capability Network >> participated in the Business Link Exhibition had 20 conversations with the department’s grant in Osaka in collaboration with Austrade recipients and one conversation regarding design (February 2014) contracts for departmental projects that correspond >> worked with the Federal Government with the registration and issuing of an Interaction Department of Agriculture, Fisheries and Reference Number. Forestry in Seoul on market entry for Australian table grapes and promoted Korea’s revised organic processed food and ingredient regulation to Victorian exporters.

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APPENDIX 14 OFFICE-BASED ENVIRONMENTAL IMPACTS

The following information has been prepared in accordance with FRD 24C of the Financial Management Act 1994 which requires information to be reported for sites with 10 or more FTE staff. Through MOG changes in 2013, a number of office sites are new to the department for this financial year. There are also a number of sites that are no longer being used by the department due to office location changes.

OFFICE-BASED ENVIRONMENTAL IMPACTS SUMMARY TREND TABLE

Total Total % Change 2013-14 2012-13 from 2012-13 ENERGY USE Units of energy (gas and electricity) use per unit of office space MJ/M2 170.21 172.85 -2% WASTE PRODUCTION Units of waste produced per FTE staff kg/FTE 98.1 116.3 -16% PAPER USE Units of copy paper used per FTE staff Reams/FTE 17.02 18.77 -10% WATER CONSUMPTION Units of metered water consumed per unit of office space kL/M2 0.42 0.48 -13%

Units of metered water consumed per FTE staff kL/FTE 14.44 15.93 -10% TRANSPORTATION Greenhouse gas emissions from operational vehicles t CO2-e/ per 1,000 km travelled 1,000km 0.21 0.17 +23%

Explanatory notes >> The data reported represents the 12 month period from 1 July 2013 to 30 June 2014. This is the first full year that the department has operated under its current structure >> An average FTE during the reporting time period has been used >> Waste data was extrapolated from four samples that are not statistically representative and should be read with caution >> Some adjustments have been made to the previous year to reflect departmental changes and to provide the most comparable data >> Due to MOG changes, the department has significantly increased its fleet size and the mix of vehicles now includes significantly more non-hybrid vehicles. The fleet size increased from 21 vehicles to 124 vehicles.

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ENERGY USE

Total 2013-14 Total 2012-13

Indicator Electricity Natural Gas Electricity Natural Gas

Total energy usage MJ 5,082,919 76,196 5,161,860 81, 824

Total greenhouse gas emissions associated with energy (offsets included) t CO2-e 1,892 4 1,921 5 Units of energy used per FTE staff MJ/FTE 5,942 5,861 5,958 5,421

Units of energy used per unit of office area MJ/M2 170.2 132.2 172.9 151.0

Percentage of FRD 24C sites represented % 75 12 75 25

Percentage of FRD 24C FTE staff % 95 2 95 3

Explanatory notes 2014-15 targets >> No electricity data was available for the >> Amend procurement policy to ensure that department’s Geelong and Wangaratta sites only appliances that have a minimum 3.5 star >> The department’s office in Dandenong is the energy and water rating can be purchased for only departmental office that uses gas for departmental offices air-conditioning and hot water. >> Develop and distribute a range of prompting communications materials to remind staff to turn Actions undertaken during the year to off lights and computer monitors to save energy reduce energy use >> Continue to participate in Earth Hour with the >> Purchased Australian-based carbon offsets aim of increasing regional office involvement equivalent to 25 per cent of the 2012-13 in the event emissions associated with the department’s energy use >> Continue to visit regional offices to identify energy saving opportunities. >> Departmental offices in the Melbourne metropolitan area participated in Earth Hour 2014. The department’s Facilities, Environmental Management and Environment Champions worked with Building Managers to ensure that lighting, with the exception of essential security lighting, was turned off >> An automatic after-hours shutdown policy for departmental computers was implemented, to reduce standby power consumption. With the assistance of the department’s volunteer Environment Champions, an information campaign was also implemented to increase the number of staff switching off their computer monitors >> Information on energy efficiency for the home and office was provided to staff through internal communications such as the environmental management electronic newsletter and intranet articles.

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WASTE PRODUCTION

Indicator Total 2013-14 Total 2012-13

Total units of waste disposed of by destination kg 71,848 84,330

Units of recycling disposed of by destination kg 53,630 62,819

Units of organic recycling disposed of by destination kg 4,438 6,467

Units of landfill disposed of by destination kg 13,779 15,043

Total units of waste disposed of per FTE staff by destination kg/FTE 98.1 116.3

Units of recycling per FTE staff kg/FTE 73.1 86.8

Units of organic recycling per FTE staff kg/FTE 6.1 8.8

Units of landfill per FTE staff kg/FTE 18.9 20.7

Recycling rate % 81 82

Greenhouse gas emissions associated with waste disposal based on weighted average of all audits t CO2-e 16.5 18.1 Percentage of all sites reported % 12.5 25

Percentage of all FTE staff reported % 85 89

Explanatory notes >> The above data is derived from four waste >> Site visits were conducted to the department’s audits that were conducted by an external regional offices to identify opportunities for auditor over five day periods at 121 Exhibition improvement in waste management. A key Street, Melbourne action resulting from the assessments has been to ensure these offices have the facilities to >> Conducting four waste audits at the 121 recycle their compost, paper, toners, e-waste Exhibition Street office goes beyond the and other general recyclable items such as requirements of FRD 24C. However, extracting plastics, glass, CDs and batteries annual data from these limited sampling events is still not statistically representative and should >> Unwanted office waste such as CDs, batteries, be read with caution e-waste and stationery was collected by Green Collect from the department’s 121 Exhibition >> There was not a strong correlation between Street office for upcycling and recycling. waste consumption and the number of FTE at Regional staff from the department’s newer 121 Exhibition Street at the time of each audit offices also began sending their office waste to >> The data presented above excludes the items head office for the Green Collect service recycled by Green Collect and Cart Collect. >> Old mobile phones were donated to the Actions undertaken during the year to Melbourne Zoo’s They’re Calling On You reduce waste Program. Used printer toner cartridges were donated to Cart Collect for recycling >> An awareness campaign was implemented to increase awareness and understanding of what >> All departmental staff have paper and landfill waste items can be recycled and which bin they bins for their desks to assist in the correct should be placed in sorting of waste. An awareness campaign was run to reiterate the correct use of the bins >> Waste bin signage was updated across the department, reflecting changes to recycling >> An awareness campaign was run to raise staff services and processes awareness of the waste issues associated with purchasing disposable paper coffee cups.

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2014-15 targets >> Continue to visit the department’s offices to assess and improve waste management performance >> Continue to upcycle and recycle department office materials that can no longer be used >> Donate all business phones to the Melbourne Zoo’s They’re Calling on You Program >> Continue to educate and communicate with staff to reduce the total amount of waste produced by the department, and to improve waste recycling rates.

PAPER USE

Indicator Total 2013-14 Total 2012-13

Total units of paper used Reams 15,007 16,705

Units of paper used per FTE staff Reams/FTE 17.0 18.8

Percentage 75-100% recycled content copy paper purchased % 92.9 90.3

Percentage 50-75% recycled content copy paper purchased % 0.1 0.3

Percentage 0-50% recycled content copy paper purchased % 7.0 9.4

Percentage of FRD24C sites reported % 87.5 100

Percentage of all FTE staff from FRD24C sites reported % 98 100

Explanatory notes >> The department’s procurement policy >> Internal articles were published which prescribes that white A4 paper purchased by detailed how many reams were used by the the department must be Australian made and department last year and the impact paper must have a minimum of 80 per cent recycled use has on the environment content. Exempt from this policy is the purchase >> Site visits were conducted to the department’s of Nallawilli Copy Paper by the department’s regional offices to identify opportunities for Indigenous Economic Development for Small improvement in paper management. A key Business Team. This exemption accords with action resulting from the visits has been to Schedule 2 of the Victorian State Purchasing ensure these offices have appropriate Contract which supports purchases from facilities and processes to recycle their indigenous enterprises that are certified as paper and card waste members of Supply Nation >> Old stationery items and letterhead that could >> No paper data was available for the not be reused were donated to Green Collect for Wangaratta office. recycling. Collection of these items continues. Actions undertaken during the year to reduce waste >> The department implemented standard monthly paper orders in 121 Exhibition Street, reducing the number of people able to order paper and also limiting the choices to 80 per cent recycled content paper for both A4 and A3 sizes

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2014-15 targets >> Continue to raise awareness of the need to maintain departmental site printers for automatic black and white printing and duplex printing >> Continue to monitor the purchasing of white A4 and A3 paper to ensure it is maintained at a minimum of 80 per cent recycled content >> Implement regular paper reduction campaigns, including posters and Environment Champion actions >> Continue to visit departmental offices to assess and improve their paper use performance >> Continue to donate all unwanted stationery and letterhead to Green Collect.

WATER CONSUMPTION

Indicator Total 2013-14 Total 2012-13

Units of metered water consumed per unit of office area kL/M2 11.990 13,820

Units of metered water consumed per FTE staff kL/FTE 0.42 0.48

Total units of metered water consumed kL 14.44 15.93

Percentage of all sites reported % 62.5 62.5

Percentage of all FTE staff reported % 92 92

Explanatory notes Actions undertaken during the year to reduce water use >> Data was not available for all FRD 24C sites and all periods >> Explored a water saving initiative with the shared services provider who manages >> A majority of the department’s water usage is departmental tenancies not separately metered. Water usage at sites without separate meters is apportioned as per >> Improved water data gathering processes to the square metre of building occupancy enable greater statistical validity and increased data confidence levels. >> The largest factor influencing water consumption at 121 Exhibition Street, the office 2014-15 targets with the highest number of departmental staff, is the consistency of operation of the building’s >> Amend procurement policy to ensure that only black water treatment plant. When functioning, appliances with a minimum 3.5 star energy and the recycled water is used to flush the toilets, water rating can be purchased for departmental therefore reducing the amount of potable offices (drinking) water used. >> Investigate water saving opportunities at regional and metropolitan departmental sites >> Continue to work with the shared services provider to upgrade leased sites so that the offices are more water efficient.

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TRANSPORTATION

Departmental operational fleet

Indicator Total 2013-14 Total 2012-13 6 Cylinder 4 Cylinder (Lpg And (Inc Hybrid) ULP) 4 Cylinder 6 Cylinder Total energy consumption by vehicles (MJ) 1,370,877 371,107 291,446 34,375

Total vehicle travel associated with entity operations (km) 3,834,386 1,243,209 743,180 120,443

Total greenhouse gas emissions from vehicle fleet (t CO2-e) 260 82 54 8 Greenhouse gas emissions from vehicle fleet per 1,000 km travelled

(t CO2-e/1,000 km) 0.20 0.24 0.18 0.23

Departmental use of State Government vehicle pool

Indicator Total 2013-14 Total 2012-13

Total energy consumption by vehicles (MJ) 372,216 247,556

Total vehicle travel associated with entity operations (km) 857,009 525,186

Total greenhouse gas emissions from vehicle fleet (t CO2-e) 57 36 Greenhouse gas emissions from vehicle fleet per 1,000 km travelled 0.17 0.14

(t CO2-e/1,000 km)

Air travel

Indicator Total 2013-14 Total 2012-13

Total distance travelled by aeroplane (km) 3,525,011 2,681,100

Staff transport

Indicator Total 2013-14 Total 2012-13 Overall % of staff % breakdown of staff using using sustainable sustainable transport by Overall % of staff using transport work location sustainable transport Percentage of staff regularly (more than 75 81 Metro 35.1 88 per cent of work attendance days) using public transport, cycling or walking, or carpooling CBD 91.4 to and from work or working from home by Regional 34.5 locality type Overseas offices/ 66.7 Interstate

Explanatory notes >> The basis of the travel survey measurements the department has significantly increased its has changed from source location to work fleet size and the mix of vehicles now includes location and only the aggregate is comparable significantly more non-hybrid vehicles. The fleet size increased from 21 vehicles to 124 vehicles >> Staff use of departmental fleet vehicles and State Government pool vehicles has been separated as a different methodology has been used to calculate the environmental impact of each vehicle pool Due to MOG changes,

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>> The amount of international flights taken by 2014-15 targets departmental staff increased last year. This is >> Continue to promote the use of sustainable due to the 16 trade missions conducted during transport modes, and the use of active transport 2013-14. The trade missions are central to through events such as Ride to Work Day the Government’s increased focus on growing the state’s exports and the state’s long-term >> Purchase 610 tonnes of carbon offsets, international engagement activities. The equivalent to the department’s 2013-14 department’s Trade Mission Program aims international air travel emissions to connect Victorian businesses with >> Improve staff use of video conferencing facilities opportunities in global markets through a to reduce travel between offices. sustained, large scale and targeted trade and investment program Actions undertaken during the year to reduce environmental impact of >> Staff travel only considers survey data between procurement Monday to Friday, when the vast majority of staff are working. >> The department maintained a 38 per cent level of environmentally-friendly or recycled content Action taken during the year to reduce stationery purchasing throughout 2013-14. emissions related to travel 2014-15 targets >> Purchased 530 tonnes of carbon offsets equivalent to the greenhouse gases produced >> Provide additional guidance to staff on from the department’s 2012-13 international sustainability considerations when procuring air travel goods and services >> Promoted active transport with the department’s >> Further increase recycled content stationery Bicycle User Group and Corporate Health and purchases to 43 per cent. Safety Group. This included a Ride to Work Day breakfast event.

GREENHOUSE GAS EMISSIONS

Indicator Total 2013-14 Total 2012-13

Total greenhouse gas emissions associated with energy use t CO2-e 1,894 1,926 Carbon offsets purchased for energy emissions Tonnes 474 290

Total greenhouse gas emissions associated with vehicle fleet t CO2-e 333 98

Total greenhouse gas emissions associated with air travel t CO2-e 874 653

Greenhouse gas emissions associated with international air travel t CO2-e 610 530

Total greenhouse gas emissions associated with waste disposal t CO2-e 16 18

Total greenhouse gas emissions associated with departmental operations t CO2-e 3,117 2,695

Greenhouse gas emissions offsets purchased t CO2-e 1,004 569

Explanatory notes >> The department purchased 1004 tonnes of carbon offsets equivalent. This included >> Due to MOG changes, the department has 530 tonnes of carbon offsets for its 2012-13 significantly increased its fleet size from 21 international air travel emissions as well as 474 vehicles to 124 vehicles tonnes of carbon offsets, which is equivalent to >> The amount of international flights taken by approximately 25 per cent of its 2013-14 energy departmental staff increased last year. This is emissions. This approximate includes current due to the 16 trade missions conducted during known emissions and estimated emissions 2013-14 based on all departmental offices.

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APPENDIX 15 LEGISLATION ADMINISTERED BY THE DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION

AVIATION INDUSTRY EMPLOYMENT AND TRADE Aerodrome Landing Fees Act 2003 Child Employment Act 2003 Australian Airlines (Intrastate Services) Act 1990 ENERGY AND RESOURCES Civil Aviation (Carriers’ Liability) Act 1961 Electricity Industry Act 2000 Wrongs Act 1958 (Part VI) – this part is jointly Electricity Safety Act 1998 administered with the Attorney-General. The Act is Energy Safe Victoria Act 2005 otherwise administered by the Attorney-General. Extractive Industries (Lysterfield) Act 1986 Planning and Environment Act 1987: Fuel Emergency Act 1977 >> Part 3C, except in so far as it relates to the Gas Industry Act 2001 land along the Ninety Mile Beach that is Gas Safety Act 1997 shown either as ‘Areas within the Settlement Geothermal Energy Resources Act 2005 Boundaries’ or ‘Areas outside the Settlement Boundaries’ on the plans forming part of Greenhouse Gas Geological Sequestration Act the document entitled ‘Ninety Mile Beach 2008 Development and Subdivision Controls: The Mineral Resources (Sustainable Development) Honeysuckles to Paradise Beach’ and dated Act 1990 August 2007 (revised June 2009) that was Mines (Aluminium Agreement) Act 1961 incorporated into the Wellington Planning National Electricity (Victoria) Act 2005 Scheme by Amendment C48 to the Wellington Planning Scheme, and revised by Amendment National Gas (Victoria) Act 2008 C61 to the Wellington Planning Scheme, Nuclear Activities (Prohibitions) Act 1983 whether or not that document remains Offshore Petroleum and Greenhouse Gas Storage incorporated into the Wellington Planning Act 2010 Scheme (except in so far as it relates to that Petroleum Act 1998 land, this Part is jointly administered with the Minister for Planning) Pipelines Act 2005 State Electricity Commission Act 1958 – section >> Part 3C in so far as it relates to the land along 107 (the Act is otherwise administered by the the Ninety Mile Beach that is shown either Treasurer) as ‘Areas within the Settlement Boundaries’ or ‘Areas outside the Settlement Boundaries’ Underseas Mineral Resources Act 1963 on the plans forming part of the document Victorian Energy Efficiency Target Act 2007 entitled ‘Ninety Mile Beach Development and Victorian Renewable Energy Act 2006 Subdivision Controls: The Honeysuckles to Mineral Resources (Sustainable Development) Paradise Beach’ and dated August 2007 (revised Act 1990 June 2009) that was incorporated into the Wellington Planning Scheme by Amendment Mines (Aluminium Agreement) Act 1961 C48 to the Wellington Planning Scheme, and National Electricity (Victoria) Act 2005 revised by Amendment C61 to the Wellington National Gas (Victoria) Act 2008 Planning Scheme, whether or not that document Nuclear Activities (Prohibitions) Act 1983 remains incorporated into the Wellington Planning Scheme (in so far as it relates to that Offshore Petroleum and Greenhouse Gas Storage land, this Part is jointly administered with the Act 2010 Attorney-General) Petroleum Act 1998 >> The Act is otherwise administered by the Pipelines Act 2005 Attorney-General, the Minister for Planning State Electricity Commission Act 1958 – section 107 and the Treasurer. (the Act is otherwise administered by the Treasurer)

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Underseas Mineral Resources Act 1963 SMALL BUSINESS Victorian Energy Efficiency Target Act 2007 ANZAC Day Act 1958 – Except sections 3 and 4A, Victorian Renewable Energy Act 2006 which are administered by the Minister for Veterans Affairs. Section 4 is administered solely by the INNOVATION Minister for Sport and Recreation. Agent-General and Commissioners for Victoria Act Public Holidays Act 1993 2007 – Except sections 4, 5, 6, 7 and 8, which are administered solely by the Premier. Section 13 is Retail Leases Act 2003 administered jointly and severally with the Premier. Shop Trading Reform Act 1996 Film Act 2001 – Part 2. Parts 1, 4 and 5 are jointly Small Business Commissioner Act 2003 administered with the Minister for the Arts. The Act is otherwise administered by the Summer Time Act 1972 Minister for the Arts. STATE DEVELOPMENT MAJOR PROJECTS Victorian Industry Participation Policy Act 2003 Crown Land (Reserves) Act 1978 – as it applies to (administered jointly with the Minister for Crown allotments 2219; 2220; 2221; and 2222 on Manufacturing) OP122930 and Crown allotments 2026; 2031; 2162; TECHNOLOGY and 2223 on OP122933, County of Bourke, Parish of Melbourne South, City of South Melbourne. The Howard Florey Institute of Experimental Physiology Act is otherwise administered by the Assistant and Medicine (Repeal) Act 2007 Treasurer, the Minister for Corrections, the Minister Medical Research Institutes (Repeal) Act 2008 for Environment and Climate Change, the Minister for Health, the Minister for Ports, and the Minister TOURISM AND MAJOR EVENTS for Sport and Recreation. Australian Grands Prix Act 1994 Melbourne Market Authority Act 1977 Emerald Tourist Railway Act 1977 Project Development and Construction Management Act 1994 – Part 5A (except to the Melbourne Convention and Exhibition Trust Act 1996 extent that it relates to the exercise of powers Tourism Victoria Act 1992 and functions under Part 9A of the Planning and Environment Act 1987) and Part 8. The Act is NEW LEGISLATION IN 2013-14 otherwise administered by the Minister for Finance, the Minister for Planning and the Premier. Acts Electricity Safety Amendment (Bushfire Mitigation) MANUFACTURING Act 2014 Victorian Industry Participation Policy Act 2003 Energy Legislation Amendment (Customer Metering (administered jointly with the Minister for State Protections and Other Matters) Act 2014 Development) Energy Legislation Amendment (General) Act 2014 REGIONAL AND RURAL DEVELOPMENT Mineral Resources (Sustainable Development) Regional Development Victoria Act 2002 Amendment Act 2014 Regional Growth Fund Act 2011 Small Business Commissioner Amendment Act 2014 REGIONAL CITIES Albury-Wodonga Agreement (Repeal) Act 2003

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Legislative Instruments Access charges may also apply under some conditions. Child Employment Regulations 2014 Further information regarding freedom of Mineral Resources (Sustainable Development) information can be found at foi.vic.gov.au (Mineral Industries) Regulations 2013 National Gas (Victoria) (Declared System Provisions) APPENDIX 17 Regulations 2014 COMPLIANCE AND Victorian Energy Efficiency Target Act – 2014 ATTESTATIONS Greenhouse Gas Reduction Rate Order COMPLIANCE WITH THE BUILDING ACT 1993 APPENDIX 16 FREEDOM OF All Victorian Government departments and INFORMATION funded agencies are required to comply with the requirements of the Building Act 1993, the Building The Freedom of Information Act 1982 allows the Code of Australia and statutory obligations set public a right of access to documents held by the by Government. department. For the 12 months ending 30 June 2014, the department received 66 applications. Of The Building Act 1993 applies to construction, these requests, 36 were received from Members of demolition, removal and refurbishment of capital Parliament and the remainder were received from projects, and the Building Code of Australia relates members of the general public and media. to standards set for building regulations. Of the total requests received by the department, COMPLIANCE WITH DATAVIC ACCESS six decisions were reviewed by the Victorian Civil POLICY and Administrative Tribunal and there were two Consistent with the DataVic Access Policy issued reviews by the Office of the Victorian Freedom of by the Victorian Government in 2012, the tabular Information Commissioner. The Commissioner also information included in this Annual Report will be received one complaint. available at data.vic.gov.au in machine MAKING A REQUEST readable format. Requests for documents in the possession of the COMPLIANCE WITH THE DISABILITY ACT department should be addressed to: 2006 Manager, Freedom of Information and Privacy The Disability Act 2006 requires that all public Department of State Development, sector bodies prepare a disability action plan and Business and Innovation that departments report on the implementation of Level 9, 121 Exhibition Street their plan in their annual report (s.38). Melbourne VIC 3000 The department’s Disability Action Plan 2012-2015 The requirements for making a request are: outlines the actions that the department will take to address potential barriers for people with >> it should be in writing disabilities and includes four key principles that >> it should identify as clearly as possible the the department: documents being requested >> is accessible to all customers, stakeholders and >> it should be accompanied by the appropriate staff with a disability application fee (the fee may be waived in >> recognises the significant value of employing certain circumstances). and retaining people with a disability Applications can also be lodged online at >> recognises, includes and promotes the foi.vic.gov.au participation of people with a disability in the department’s programs and in the community

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>> has a shared accountability for reducing issues those who come forward to disclose such conduct. and barriers to people with a disability. It is committed to ensuring transparency and A highlight in 2013-14 was the celebration of accountability in its administrative and management International Day of People with Disability. The practices and supports the making of disclosures department assisted in organising a VPS-wide event that reveal corrupt conduct, conduct involving a featuring television personality and comedian, Tim substantial mismanagement of public resources, or Ferguson. Tim was joined by a panel of high-profile conduct involving a substantial risk to public health speakers for a question and answer session and safety or the environment. following his speech. The department will take all reasonable steps to protect people who make such disclosures from COMPLIANCE WITH NATIONAL any detrimental action in reprisal for making the COMPETITION POLICY disclosure. It will also afford natural justice to the Under the National Competition Policy, the guiding person who is the subject of the disclosure to the legislative principle is that legislation, including extent it is legally possible. future legislative proposals, should not restrict competition unless it can be demonstrated that: Reporting procedures >> the benefits of the restriction to the community Disclosures of improper conduct or detrimental as a whole outweigh the costs action by the department or any of its employees and/or officers may be made to any of the following >> the objectives of the legislation can only be department personnel: achieved by restricting competition. >> the Protected Disclosure Coordinator The department continues to comply with the requirements of the National Competition Policy. >> the Secretary of the department Competitive neutrality requires government >> a manager or supervisor of a person from the businesses to ensure where services compete, or department who chooses to make a disclosure potentially compete with the private sector, any >> a manager or supervisor of a person from advantage arising solely from their government the department about whom a disclosure ownership be removed if they are not in the public has been made. interest. Government businesses are required Alternatively, disclosures of improper conduct or to cost and price these services as if they were detrimental action by the department or any of privately owned and thus be fully cost reflective. its employees and/or officers may also be made Competitive Neutrality Policy provides government directly to the Independent Broad-based businesses with a tool to enhance decisions on Anti-corruption Commission (IBAC): resource allocation. This policy does not override other policy objectives of government and focuses Level 1, North Tower, 459 Collins Street on efficiency in the provision of service. Melbourne VIC 3000 Phone: 1300 735 135 COMPLIANCE WITH THE PROTECTED Website: ibac.vic.gov.au DISCLOSURE ACT 2012 (FORMERLY THE Email: refer to the website above for the secure WHISTLEBLOWERS PROTECTION ACT 2001) email disclosure process, which also provides for The Protected Disclosure Act 2012 encourages and anonymous disclosures assists people in making disclosures of improper conduct by public officers and public bodies. The Act Further information provides protection to people who make disclosures The Protected Disclosure Policy and Procedures, in accordance with the Act and establishes a which outline the system for reporting disclosures system for the matters disclosed to be investigated of improper conduct or detrimental action by the and rectifying action to be taken. department or any of its employees and/or officers, The department does not tolerate improper conduct are available on the department’s website by employees, nor the taking of reprisals against dsdbi.vic.gov.au

204 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 04 APPENDICES

Disclosures under the Protected Disclosure Act 2012

Total 2013-14 Total 2012-13 The number of disclosures made by an individual to the department and notified to IBAC Assessable disclosures 1 0

DECLARATION OF MAJOR CONTRACTS ATTESTATION FOR COMPLIANCE WITH THE AUSTRALIAN/NEW ZEALAND RISK In accordance with the requirements of government MANAGEMENT STANDARD policy and accompanying guidelines, the department is required to disclose all contracts I, Howard Ronaldson, Secretary, certify that the greater than $10 million in value that it entered Department of State Development, Business into during the year ended 30 June 2014. Details of and Innovation has risk management processes contracts that have been disclosed can be viewed in place consistent with the Australian/New at contracts.vic.gov.au Zealand Risk Management Standard (AS/NZS ISO 31000:2009 or its successor) and an internal control There are no departmental contracts greater than system is in place that enables the executive to $10 million in value for the reporting period. understand, manage and satisfactorily control risk exposures. The Risk and Audit Committee verifies DECLARATION OF PECUNIARY INTEREST this assurance and that the risk profile of the In accordance with the general guidelines for Department of State Development, Business and declaration of pecuniary interest, relevant officers Innovation has been critically reviewed within the have completed a declaration for the financial year. last 12 months. Shares held by Senior Officers in a statutory authority or subsidiary: >> no officer holds shares as a nominee or beneficiary in a statutory authority or subsidiary. Howard Ronaldson ATTESTATION FOR COMPLIANCE WITH Secretary THE MINISTERIAL DIRECTION 4.5.5.1 – Department of State Development, INSURANCE Business and Innovation I, Howard Ronaldson, Secretary, certify that the 4 September 2014 Department of State Development, Business and Innovation has complied with Ministerial Direction 4.5.5.1 – Insurance.

Howard Ronaldson Secretary Department of State Development, Business and Innovation 4 September 2014

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APPENDIX 18 SUMMARY OF ADDITIONAL DEPARTMENTAL INFORMATION AVAILABLE UPON REQUEST

In compliance with the requirements of the j. A general statement on industrial relations Standing Directions of the Minister for Finance, within the department and details of time lost details in respect to the items listed below have through industrial accidents and disputes been retained by the department, and are k. A list of major committees sponsored by the available to the relevant Ministers, Members of department, the purposes of each committee Parliament and the public on request (subject to the and the extent to which the purposes have provisions of the Freedom of Information Act 1982, been achieved if applicable): l. Details of departmental professional works and a. A statement that declarations of pecuniary services procured (including consultancies and interests have been duly completed by relevant contractors) officers of the department m. Details of government advertising expenditure b. Details of shares held by senior officers as by the department (campaigns with a media nominee or held beneficially in a statutory spend of $150,000 or greater) authority or subsidiary n. A summary of Victorian Feed-in Tariff c. Details of publications produced by the Scheme reporting. department about the department and how these can be obtained The information is available upon request from: d. Details of changes in prices, fees, charges, Director, Strategic Communication and rates and levies charged by the department Marketing Branch Corporate, Planning and Compliance Services e. Details of any major external reviews carried Department of State Development, out on the department Business and Innovation f. Details of major research and development Level 32, 121 Exhibition Street activities undertaken by the department Melbourne VIC 3000 Phone: 03 9651 9252 g. Details of overseas visits undertaken by Email: [email protected] the department including a summary of the objectives and outcomes of each visit h. Details of major promotional, public relations and marketing activities undertaken by the department to develop community awareness of the department and its services i. Details of assessments and measures undertaken by the department to improve the occupational health and safety of employees

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APPENDIX 19 CONTACT DETAILS

METROPOLITAN VGBOs Ballarat 111 Armstrong Street North CBD – Inner Melbourne Region Ballarat VIC 3350 Level 11, 121 Exhibition Street Tel: (+61 3) 5327 2800 Melbourne VIC 3000 Fax: (+61 3) 5327 2830 Tel: (+61 3) 9651 9239 Email: [email protected] Fax: (+61 3) 9651 9505 Website: dsdbi.vic.gov.au Bendigo Email: [email protected] Level 1 56-60 King Street Bundoora – Northern Metropolitan Region Bendigo VIC 3550 University Hill Tel: (+61 3) 4433 8000 Suite 16, Level 1 Fax: (+61 3) 4433 8099 20 Enterprise Drive Email: [email protected] Bundoora VIC 3083 Tel: (+61 3) 9935 0600 Geelong Fax: (+61 3) 9466 7367 Level 2, Harrison Place Email: [email protected] 237 Ryrie Street Geelong VIC 3220 Ringwood – Eastern Metropolitan Region Tel: (+61 3) 5215 6000 Suite 11, Level 1 Fax: (+61 3) 5215 6099 12 Maroondah Highway Email: [email protected] Ringwood VIC 3134 Tel: (+61 3) 9938 0150 Heywood – by appointment only Fax: (+61 3) 9879 3180 Winda Mara Aboriginal Corporation Email: [email protected] 21 Scott Street Heywood VIC 3304 Dandenong – Southern Metropolitan Region Tel: (+61 3) 5527 2008 Level 6, 165-169 Thomas Street Email: [email protected] Dandenong VIC 3175 Tel: (+61 3) 9938 0100 Horsham Wimmera Business Centre Fax: (+61 3) 9794 5644 62 Darlot Street Email: [email protected] Horsham VIC 3400 Tel: (+61 3) 5381 2762 Tottenham – Western Metropolitan Region Fax: (+61 3) 5381 2514 Level 1, 67 Ashley Street Email: [email protected] Tottenham VIC 3012 Tel: (+61 3) 9334 1300 Leongatha – by appointment only Fax: (+61 3) 9334 1301 Cnr. Young and Bair Street Email: [email protected] Leongatha VIC 3953 Tel: (+61 3) 5172 2533 REGIONAL VGBOs Email: [email protected] Bairnsdale - by appointment only Mildura 574 Main Street 131 Langtree Avenue Bairnsdale VIC 3875 Mildura VIC 3500 Tel: (+61 3) 5152 0600 Tel: (+61 3) 5051 2000 Email: [email protected] Fax: (+61 3) 5051 2020 Email: [email protected]

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Robinvale – by appointment only Wangaratta 50 Herbert Street Wangaratta Government Centre Robinvale VIC 3549 1st Floor, 62 Ovens Street Tel: (+61 3) 5026 3798 Wangaratta VIC 3677 Email: [email protected] Tel: (+61 3) 5722 7101 Fax: (+61 3) 5722 7109 Sale – by appointment only Email: [email protected] 66 Foster Street Sale VIC 3850 Warrnambool Tel: (+61 3) 5142 0200 Old Police Station Fax: (+61 3) 5142 0201 South West TAFE Email: [email protected] Gilles Street Warrnambool VIC 3280 Seymour – by appointment only Tel: (+61 3) 5561 4135 Level 2, 8-10 Elizabeth Street Fax: (+61 3) 5561 3851 Seymour Vic 3660 Email: [email protected] Tel: (03) 5799 0573 Email: [email protected] Wodonga 111-113 Hume Street Shepparton Wodonga VIC 3689 79a Wyndham Street Tel: (+61 2) 6059 0200 Shepparton VIC 3632 Fax: (+61 2) 6059 0250 Tel: (+61 3) 5895 4100 Email: [email protected] Fax: (+61 3) 5822 2554 Email: [email protected] INTERNATIONAL VGBOs invest.vic.gov.au Swan Hill C/O - Department of Environment and Primary San Francisco Industries USA 324 Campbell Street 575 Market Street Swan Hill VIC 3585 Suite 375 Tel: (+61 3) 5036 4823 San Francisco CA 94105 Fax: (+61 3) 5032 9682 United States of America Email: [email protected] Tel: (+1 415) 856 0552 Fax: (+1 415) 856 0517 Traralgon Email: [email protected] 33 Breed Street Traralgon VIC 3844 Chicago Tel: (+61 3) 5116 7300 USA Fax: (+61 3) 5175 0324 161 N Clarke Street Ste 4700 Email: [email protected] Chicago IL 60601-3201 United States of America Traralgon – Planning and Development Tel: (+1 312) 523 2116 71 Hotham Street Fax: (+1 312) 523 2001 Traralgon VIC 3844 Email: [email protected] Tel: (+61 3) 5172 2533 Email: [email protected]

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New York Nanjing USA People’s Republic of China 330 Madison Avenue FL6 Room 1164, World Trade Centre New York NY 10017-5041 Jinling Hotel United States of America 2 Hanzhong Road, Tel: (+1 212) 573 0955 Nanjing 210005 Fax: (+1 212) 573 0957 China Email: [email protected] Tel: (+86 25) 8470 1231 Fax: (+86 25) 8470 9821 Washington Email: [email protected] USA 2011 Crystal Drive Ste 400 ive Hong Kong Arlington VA 22202-3709 People’s Republic of China United States of America 2108 Harbour Centre Tel: (+1 703) 682 6830 25 Harbour Road, Wanchai Hong Kong Shanghai Tel: (+852) 2587 1133 People’s Republic of China Fax: (+852) 2802 9675 Suite 620, Shanghai Center Email: [email protected] 1376 Nanjing Road West Shanghai 200040 Tokyo China Japan Tel: (+86 21) 6279 8681 Level 13, Fukoku Seimei Building Fax: (+86 21) 6279 8685 2-2-2 Uchisaiwai-cho, Chiyoda-ku Email: [email protected] Tokyo 100-0011 Japan Beijing Tel: (+81 3) 3519 3371 People’s Republic of China Fax: (+81 3) 3519 3375 Unit 2, Level 2, Office Tower C2 Email: [email protected] The Towers, Oriental Plaza No. 1 East Chang An Avenue Kuala Lumpur Dong Cheng District, Malaysia Beijing 100738 Suite 23.1, Level 23 Menara IMC China 8 Jalan Sultan Ismail Tel: (+86 10) 8515 3166 50250 Kuala Lumpur Fax: (+86 10) 8518 2080 Malaysia Email: [email protected] Tel: (+60 3) 2055 1502 Fax: (+60 3) 2055 1489 Chengdu Email: [email protected] People’s Republic of China Room 1738, Level 17, Jakarta Raffles City Tower 2, Indonesia No. 3 Section 4, World Trade Centre South Renmin Road, Metropolitan Complex 1, Level 8 Wuhou District, Jl. Jend. Sudirman kav 29-31 Chengdu 610041 Jakarta, 12920 China Indonesia Tel: (+86 28) 6511 8108 Tel: (+62 21) 521 1228 Fax: (+86 28) 6511 8107 Fax: (+62 21) 521 1229 Email: [email protected]

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APPENDIX 20 DEPARTMENTAL ACRONYMS

Bangalore ALDP Advanced Lignite Demonstration Program India AMI Advanced Metering Infrastructure Level 1, Pride Elite Building BVO Business Victoria Online 10 Museum Road CBD Central Business District Bangalore 560 001 CEO Chief Executive Officer India DSDBI Department of State Development, Business and Innovation Tel: (+91 80) 4122 7560 Fax: (+91 80) 4122 7569 DTF Department of Treasury and Finance Email: [email protected] EO Executive Officer ETIS Energy Technology Innovation Strategy Mumbai FRD Financial Reporting Direction India FTE Full-time Equivalent Level 8, 227 Backbay Reclamation GRIIF Geelong Regional Innovation and Investment Fund Nariman Bhavan, Nariman Point ICT Information and Communication Technology Mumbai 400021 IES International Education Strategy for Victoria 2013-2018 India Tel: (+91 22) 6142 4300 ISP Investment Support Program Email: [email protected] IVP Innovation Voucher Program LEET Low Emission Energy Technologies London LVIER Latrobe Valley Industry and Employment Roadmap United Kingdom MNIIF Melbourne North Innovation and Investment Fund Victoria House, Melbourne Place, Strand MDV Minerals Development Victoria London WC2B 4LG MOG Machinery of Government United Kingdom MOU Memorandum of Understanding Tel: (+44 20) 7836 2656 MPN Manufacturing Productivity Networks Fax: (+44 20) 7240 6025 Email: [email protected] MPV Major Projects Victoria OH&S Occupational Health and Safety Frankfurt OSD Office of State Development Germany PBSP Powerline Bushfire Safety Program Mainzer Landstrasse 49 RCT Remote Control Tourist D-60329 Frankfurt RDV Regional Development Victoria Germany RGF Regional Growth Fund Tel: (+49 69) 308 55070 R&D Research and Development Fax: (+49 69) 308 55100 Email: [email protected] SME Small and Medium Enterprises SMM Senior Management Meeting Dubai STM Super Trade Mission United Arab Emirates and North Africa UAE United Arab Emirates Office 111, First Floor UK United Kingdom Emarat Atrium Sheikh Zayed Road USA United States of America PO Box 58004, Dubai VEMTC Victorian Emergency Management Training Centre United Arab Emirates VGBO Victorian Government Business Office Tel: (+97 14) 321 2600 Fax: (+97 14) 321 2700 VIPP Victorian Industry Participation Policy Email: [email protected] VIEA Victorian International Education Awards VPS Victorian Public Sector VWIIB Victorian Women in International Business WoVG Whole-of-Victorian Government YES Youth Employment Scheme

210 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 DSDBI ANNUAL REPORT 2013-14 This 2013-14 Annual Report covers the Department of State Development, Business and Innovation, an individual entity. Published by the Department of State Development, Business and Innovation. October 2014. Also published on dsdbi.vic.gov.au

Content coordination, design and production Strategic Communication and Marketing Branch Department of State Development, Business and Innovation Print managed by Finsbury Green. This document is printed on Envi Recycled which will help reduce global greenhouse gas emissions by more than

363 kgs CO2-e. This locally-made product is certified carbon neutral under the Australian Government’s National Carbon Offset Standard.

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Photography Images courtesy of Energy and Earth Resources, Brand Victoria, Major Projects Victoria and Shutterstock Images If you would like to receive this publication in an alternative format, please email [email protected] This document is also available in an accessible format on the internet at dsdbi.vic.gov.au © Copyright State of Victoria 2014. This publication is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968. Authorised by the Victorian Government, Department of State Development, Business and Innovation 121 Exhibition Street, Melbourne VIC 3000 Postal Address: PO Box 4509, Melbourne VIC 3001 Tel: 1300 366 356 ISSN 2202-6924 (Print) ISSN 2202-7440 (Online) DSDBI 6823 DEPARTMENT OF STATE DEVELOPMENT BUSINESS AND INNOVATION ANNUAL REPORT 2013-14 DEPARTMENT OF STATE DEVELOPMENT, BUSINESS ANNUAL REPORT 2013-14 AND DEVELOPMENT, INNOVATION DEPARTMENT OF STATE