6. Financial estimates

Financial estimates for AMSA’s regulatory charging activity outputs budget, and three forward year estimates, is summarised in Table 8, with cumulative results in Table 9.

Table 8: Financial estimates for regulatory charging activities

	Budget	Forward Year Estimates
	2021-22 ($’000)	2022-23 ($’000)	2023-24 ($’000)	2024-25 ($’000)
Navigational infrastructure (Marine Navigation Levy)
Expenses (X)	33,526	34,132	34,497	34,891
Revenue (Y)*	36,226	36,625	37,000	37,375
Balance (Y - X)	2,700	2,493	2,503	2,484
Environmental marine protection (Protection of the Sea Levy)
Expenses (X)	26,225	26,999	26,985	27,293
Revenue (Y)*	36,379	36,725	37,100	37,475
Balance (Y - X)	10,154	10,026	10,115	10,182
Seafarer ship safety under Navigation Act 2012 and other Acts (Regulatory Functions Levy)
Expenses (X)	52,112	53,057	53,623	54,236
Revenue (Y)	54,595	55,150	55,700	56,250
Balance (Y - X)	2,483	2,093	2,077	2,014
Marine services under Navigation Act 2012 and ship registration
Expenses (X)	9,684	9,859	9,964	10,078
Revenue (Y)	3,885	3,885	3,885	3,885
Balance (Y - X)	(5,799)	(5,974)	(6,079)	(6,193)
Marine services for National System
Expenses (X)	8,839	8,999	9,095	9,199
Revenue (Y)	3,805	3,805	3,805	3,805
Balance (Y - X)	(5,034)	(5,194)	(5,290)	(5,394)

Table 9: Financial estimates for regulatory charging activities

	Budget	Forward Year Estimates
	2021-22 ($’000)	2022-23 ($’000)	2023-24 ($’000)	2024-25 ($’000)
Expenses (X)	130,386	132,746	134,164	135,697
Revenue (Y)	134,890	136,190	137,490	138,790
Balance (Y - X)	4,504	3,444	3,326	3,093
Cumulative balance	4,504	7,948	11,274	14,367

As noted, AMSA’s financial estimates provided here do not include the activity output for the National System regulatory-based seafarer and ship safety. Given the upcoming government review of this function, it is not possible to comment on forward years with any degree or level of accuracy, nor without legislative funding provisions. To do otherwise would be confusing and counterproductive to users of this CRIS.