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Department of Treasury and Finance (DTF)

Financial statistics
Net cost of providing services: $61 million
Total revenues from government: $76 million
Employee benefit expenses: $64 million
Revenues from fees and charges: $42 million
   
Administered taxation revenue: $3.692 billion
Administered Commonwealth revenues: $7.651 billion
   
Number of FTEs
(including the South Australian Government Financing Authority and the South Australian Superannuation Board):
600

Significant events and transactions
  • Land tax and Emergency Services levy processing transitioned to the RISTEC release 2 system, now known as the Revenue Information Online system (RIO), in July 2015.
  • Construction of the ANZAC Centenary Memorial Garden Walk commenced in 2015-16 and is nearing completion. The cost is reflected in work in progress ($10 million).

Financial statement opinion
Unmodified

Financial controls opinion
Modified

Key issues:

  • Reconciliation of the RevenueSA collection bank account was not completed promptly during the year
  • Draft RevenueSA compliance risk and debt management frameworks, policies and procedures were established but not finalised and approved
  • Overdue debtor follow-up activities for land tax and the Emergency Services levy were intermittent between July 2015 and April 2016 due to various RIO system defects, resulting in delays in issuing final and demand notices to taxpayers who had defaulted
  • Reconciliations were not performed regularly to ensure property ownership and valuation data provided by the Department of Planning, Transport and Infrastructure’s Land Services Group for land tax and the Emergency Services levy calculations were accurately and completely updated to RIO
  • Potential system errors and warnings flagged as exceptions by RIO were not all identified and followed up promptly
  • A number of ICT governance documents and policies and procedures needed establishment or updating