The Treasurer's Financial Statements for the Period ending 30 June 1998
The Consolidated Account Outcome
Summary of the Cash Position of the Treasurer's Accounts

State Debt
Introduction
Understanding Debt Data
Data Sources and Measurement Issues
Unfunded Employee Entitlements
Book Values and Market Values
Other Measurement Issues
Debt as Part of the Government's Overall Balance Sheet
Debt Measures and Trends
Debt Measures and Indicators
Longer Term Trends in the Level of Debt
Policies and the Effects Thereof Since 1993-94
South Australia's Debt Position Relative to Other States
Interest Costs
Debt Management ö General
Debt Management Performance in Recent Years
Conclusion
Recommendation

Electricity Asset Sales and the State's Budget
The Electricity Corporation's (Restructuring and Disposal) Bill 1998
Rationale for this Sale
The 1998-99 Budget
Analysis of Financial Effects of a Possible Sale
Conclusion

Sources of State Revenue
Introduction
Sources of Revenue
Summary

Asset Sales
Introduction
Responsibility for Asset Reform and Sales
Commentary on Asset Sales
Department of Treasury and Finance - Electricity Reform and Sales Unit (ERSU)
Department of Treasury and Finance - Asset Sales Unit
Department for Administrative and Information Services
Post-Sale Responsibilities
South Australian Asset Management Corporation (SAAMC)
Conclusion

The Public Accounts: Appropriation Authority: Issue Arising from the High Court Judgment in Ha v New South Wales; Walter Hammond and Associates Pty Ltd v New South Wales: Re Business Franchise Licences: Audit Comments
Introduction
Arrangements for the Receipt of Monies from the Commonwealth and the Payment of Subsidies
Audit Findings
Treasurer's Statements
Conclusion

Foreign Currency Exposure Management
Introduction
Audit Findings 1997-98
South Australian Health Commission
Lotteries Commission
Summary

NATIONAL COMPETITION POLICY

National Competition Policy Implementation Arrangements: Audit Observations and Comments
Introduction
Origins of National Competition Policy
Implementation of the National Competition Policy
The National Competition Policy and the Auditor-General
The Agreements
Reform of the Trade Practices Act 1974
The National Competition Policy and the Competition Policy Payments
Performance Criteria
Interpretation
Oversight of the Implementation Process
Progress on Implementation of the National Competition Policy
NCC Assessment of Implementation Progress
First Tranche Assessment July 1997
Second Tranche Assessment July 1999
Legislation Review Process
1997-98 Progress
Water Reform
Second Tranche Obligations
South Australian Progress
Interpretation Issues
Commercialisation of Government Business Activities
Progress in 1997-98
Application of the Principles of Competitive Neutrality
Community Service Obligations
Compliance with the Trade Practices Act 1974
Risk to Government Agencies
'Carrying on a Business'
Anti-Competitive Conduct
Compliance with the Law
Enforcement - The ACCC
Audit Comment on Status of Agency Actions
General Conclusions and Recommendations
NCP and Competition Payments
Commercialisation of Government Business Activities
Compliance with the Trade Practices Act 1974
List of Abbreviations

OTHER MATTERS

Implementation of Government Mandated Financial Management and Accounting Systems
Introduction
Background
Review of the Financial Applications Systems Team (FAST)
Implementation of Masterpiece and ACCPAC
Ongoing Operations
Strategic Considerations for the Department of Treasury and Finance
Considerations for Department of Treasury and Finance
Considerations for Agencies
Response by the Department of Treasury and Finance
Some Specific Audit Observations
Consultant Recommendations
Conclusion

Government Management Framework
Introduction
Role of the Auditor-General and the Government Management Framework
The Government Management Framework ö An Overview
History of the GMF
Fundamental Concepts of the GMF
GMF Tools
Current Position and Scope of the GMF
Audit Observations
Budget Reform
Introduction
Some Issues Arising from the 1998-99 Budget Process
Future Developments
A Comparison to Program Performance Budgeting ö Some Relevant Observations
Conclusions

APPENDIX

Role of Senior Finance Officers ; Change from Scorekeeper/Bookkeeper to Financial Problem Solver
Introduction
Accrual Accounting
Use of Available Information
Discussion
Financial Management Developments
A Revised Role for Senior Finance Officers
Recruitment of Finance Officers
Training and Development of Finance Officers
Developments in the Commonwealth Government
Conclusion