04 Appendices, Glossary & Abbreviations APPENDIX A

CEFC ANNUAL REPORT / 2014–15

Appendix A

INDEX OF ANNUAL REPORTING REQUIREMENTS FOR THE CEFC

As a Commonwealth statutory authority, the CEFC has a range of annual reporting requirements set by legislation, subordinate legislation and reporting guidelines.

This Index of Annual Report Requirements for the CEFC is set out with reference to the source of the requirement — it can be used as a checklist as to which rules apply to the CEFC and how these requirements have been met in the Annual Report (the Table of Contents and the Index can be used to browse by subject matter).

As part of the Australian Government’s Public Management Reform Agenda, during the year the main provisions of the PGPA Act came into effect, and the former CAC Act was repealed. Transitional legislation was also passed.

The Finance Minister’s Orders (Financial Statements for reporting periods ending on or after 1 July 2011) made under the CAC Act were repealed. Financial Statements are now prepared under the Public Governance, Performance and Accountability (Financial Reporting) Rule 2015 (‘FRR’); and Australian Accounting Standards (‘AAS’) and Interpretations issued by the Australian Accounting Standards Board (‘AASB’) that apply for the reporting period.

The Public Governance, Performance and Accountability (Consequential and Transitional Provisions) Rule 2014 provides that the former Commonwealth Authorities and Companies (Annual Reporting) Orders 2011 remain in effect for reporting on the 2014–15 year notwithstanding the repeal of that instrument.

Legislative reference

Nature of Obligation

How and Where Reported Against

Reporting Obligations under PGPA Act

Section 46

CEFC must prepare an annual report in accordance with any rules and provide to the Responsible Ministers by 15 October each year

This Annual Report is the 2014–15 report

Reporting Obligations under Public Governance, Performance and Accountability (Financial Reporting) Rule 2015

Sections 1-48 inclusive

Applies Australian Accounting Standards with modified effect and specifies requirements and format of preparation of financial statements for Commonwealth entities like the CEFC

Section 3

Reporting Obligations under Commonwealth Authorities and Companies (Annual Reporting ) Orders 2011 still in effect by way of transitional legislation

Section 6

Specifies: 

  • approval by resolution of Directors

  • a statement of approval by Directors, signed by a director and including details of

I) how and when approval was given

II) statement that directors are responsible for preparation and contents

This Annual Report includes the required particulars at the Letter of Transmittal.

Section 7

Specifies statement of any exemptions applied for from annual reporting requirements under these Orders

There were no exemptions from these Orders applied for or granted. This Annual Report includes the required particulars at the Letter of Transmittal.

Section 8

Parliamentary standards of presentation

The obligation applies to the whole of the Annual Report, which complies with this order.

Section 9

Plain English and clear design

The obligation applies to the whole of the Annual Report, which complies with this order.

Section 10

Enabling legislation

See Enabling Legislation

Section 11

Responsible Minister

See Responsible Ministers and details under Enabling Legislation.

Section 12

  

 

Ministerial Directions

See details under Enabling Legislation and Other Legislation, Policies of the Australian Government and Key Governance Events. There were no instances of non-compliance.

General Policies of the Australian Government

See Other Legislation, Policies of the Australian Government and Key Governance Events. There were no instances of non-compliance.

General Policy Orders under CAC Act/Government Policy Orders under the PGPA Act See Other Legislation, Policies of the Australian Government and Key Governance Events. There were no such orders in effect for the CEFC during the reporting period.

Other Legislation

See Other Legislation, Policies of the Australian Government and Key Governance Events.

Section 13

Information about Directors (names, qualifications, experience, attendance at Board meetings, whether acting in an executive or non-executive capacity)

See information under Members of the CEFC Board.

Section 14 

Organisational Structure

See details under Governance, Structure and People.

Location of major activities and facilities

See Where we are investing and The CEFC's People

Statement on Governance (Board committees, education and performance review processes for directors, ethics and risk management practices) Section 2
Section 15 Related entity transactions See Related Entity Transactions and Note 12: Related Party Disclosures
Section 16    CAC Act Significant events See details under Other Legislation, Policies of the Australian Government and Key Governance Events
Operational and financial results of the authority Sections 1, 2 and 3.
Key changes to the authority’s state of affairs or principal activities Section 2.
Amendments to the authority’s enabling legislation and to any other legislation directly relevant to its operation See Enabling Legislation
Section 17 Judicial decisions and decisions by administrative tribunals that have had an impact See Judicial Decisions and Parliamentary Committees
Reports by the Auditor-General, Parliamentary Committees, Commonwealth Ombudsman or the Office of the Australian Information Commissioner See details under Other Statutory Requirements Affecting the CEFC 
Section 18 Obtaining Information from subsidiaries N/A. The Corporation had no subsidiaries in 2014–15.
Section 19 Details of indemnities and insurance premiums for officers See Indemnities and Insurance Premiums for Officers
Reporting Obligations under CEFC Act
Section 74(1)(a) Total value of section 63 investments as at the end of the financial year, by reference to the class of clean energy technologies to which the investments relate Figure 1: CEFC Performance against KPIs
Section 74(1)(b) Details of the realisation of any section 63 investments in the financial year See details under Our Investment Portfolio
Section 74(1)(c) If, as at the end of the financial year, less than half of the funds invested for the purposes of the Corporation’s investment function are invested in renewable energy technologies— an explanation of the reasons why N/A. See Figure 1.1. Summary of the CEFC’s performance against KPIs
Section 74(1)(d) Total value of concessions given by the Corporation in the financial year See details on concessions
Section 74(1)(e) A balance sheet setting out, as at the end of the financial year, the assets and liabilities of the Corporation and a statement of cash flows Section 3.
Section 74(1)(f) Set out the remuneration and allowances of Board members and senior staff of the Corporation for the financial year See details under About the Board and Note 11: Directors' Remuneration
Section 74(1)(g) Set out the Corporation’s operating costs and expenses for the financial year Appendix D. See also Section 3.
Section 74(1)(h) Benchmark the Corporation’s operating costs and expenses for the financial year against the operating costs and expenses of other comparable entities for that financial year Appendix D
Section 74(1)(i) Set out details of any procurement contracts to which the Corporation is party that are in force at any time in the financial year and have a value of more than $80,000 See details under Procurement
Section 74(1)(j) Details of credits and debits to the Special Account in the financial year See details on the Special Account
Section 74(2) Section 74(1) reports for subsidiaries N/A. The Corporation had no subsidiaries in 2014–15.
Reporting Obligations under EBPC Act  
Section 516A(6) How activities accorded with the principles of ecologically sustainable development

Outcomes contributing to ecologically sustainable development

Activities that affect the environment

Measures taken to minimise the effect of activities

Mechanisms to review and Increase the effectiveness of measures to minimise the environmental impact of activities

 Appendix B
Reporting Obligations under WHS Act  

Schedule 2, Part 4, section 4

Health, safety and welfare initiatives

Health and safety outcomes

Notifiable incidents

Investigations

Other matters under JCPAA Guidelines

Appendix C
Reporting Obligations under EEO Act
Section 9

Annual Program Report

See Other Statutory Requirements Affecting the CEFC

See also separate EEO Report online at cleanenergyfinancecorp.com.au/reports