Our agency achieved an operating surplus of $7.591 million (before depreciation and amortisation) in 2016–17, largely attributable to revaluation adjustments ($5.510 million) and the renegotiation and subsequent removal of the make-good provision ($1.868 million) related to the renewal of the agency’s office accommodation.
Our operating expenditure budget for 2016–17 was $71.446 million excluding depreciation. Refer to Note 1.1 of the financial statements.
Our capital expenditure budget for 2016–17 was $2.833 million consisting of:
Our systems are designed to support multiple schemes with the intent of improving the client experience, reducing client burden and improving efficiency for the agency.
Refer to Note 3.2 of the financial statements.
Our agency administered the Emissions Reduction Fund, Renewable Energy Target, and residual items relating to the carbon pricing mechanism on behalf of the government in 2016–17.
Administered income was $161.667 million and came entirely from the Renewable Energy Target.
Refer to Note 2.2 of the
Administered expenses were $309.233 million, predominantly in the Emissions Reduction Fund and Renewable Energy Target. Refer to Note 2.1 of the
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.