6. Financial estimates

Financial estimates for AMSA’s regulatory charging activity outputs for current (2022-23) budget (2023-24), and three forward year estimates is summarised in Table 8, with cumulative results in Table 9.

Table 8: Financial estimates for regulatory charging activities

 

Estimate

Budget

Forward year estimates

 

 

 

2022-23
($’000)

2023-24
($’000)

2024-25
($’000)

2025-26
($’000)

2026-27
($’000)

Navigational infrastructure (Marine Navigation Levy)

 

 

 

 

 

Expenses (X)

33,694

33,223

35,428

34,436

35,184

Revenue (Y)*

37,763

38,440

39,210

39,990

40,790

Balance (Y - X)

4,069

5,217

3,782

5,554

5,606

Environmental marine protection (Protection of the Sea Levy)

 

 

 

 

 

Expenses (X)

28,304

27,90

29,761

28,928

29,556

Revenue (Y)*

38,643

39,340

40,130

40,930

41,750

Balance (Y - X)

10,339

11,431

10,369

12,002

12,194

Seafarer ship safety under Navigation Act 2012 and other Acts (Regulatory Functions Levy)

 

 

 

 

 

Expenses (X)

53,640

52,890

56,400

54,821

56,011

Revenue (Y)

57,692

58,730

59,900

61,100

62,320

Balance (Y - X)

4,052

5,840

3,500

6,279

6,309

Marine services under Navigation Act 2012 and ship registration

 

 

 

 

 

Expenses (X)

9,041

8,915

9,507

9,240

9,441

Revenue (Y)

3,265

3,639

3,120

3,120

3,120

Balance (Y - X)

(5,776)

(5,276)

(6,387)

(6,120)

(6,321

Marine services for National System

 

 

 

 

 

Expenses (X)

8,873

8,749

9,330

9,068

9,265

Revenue (Y)

3,475

4,011

3,190

3,190

3,190

Balance (Y - X)

(5,398)

(4,738)

(6,140)

(5,878)

(6,075)

Table 9: Financial estimates for regulatory charging activities

 

Estimate

Budget

Forward year estimates

 

 

 

2022-23
($’000)

2023-24
($’000)

2024-25
($’000)

2025-26
($’000)

2026-27
($’000)

Expenses (X)

133,552

131,686

140,246

136,493

139,457

Revenue (Y)

140,838

144,160

145,550

148,330

151,17

Balance (Y - X)

7,286

12,474

5,124

11,837

11,713

Cumulative balance

7,286

19,760

24,884

36,721

48,434

As noted, AMSA’s financial estimates provided do not include the activity output for the National System regulatory-based seafarer and ship safety. Given the Independent Review of Australia’s Domestic Commercial Vessel Safety legislation and associated costs, and charging, it is not possible to comment on forward years with any degree or level of accuracy, nor without legislative funding provisions to support any calculations. To do otherwise would be confusing and counterproductive to users of this CRIS.

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