Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697642598115.pdf (Australia)
Policy costing—during the caretaker period for the 2016 general election Name of proposal: After Coal: Mine Rehabilitation and Transition planning Summary of proposal: The proposal has three components: Component 1: Mining Rehabilitation Commissioner Component 1 would provide $2.0 million per year to establish a Mining Rehabilitation Commissioner.

Component 2: Community-led transition boards Component 2 would provide $11.0 million per year to establish Community-led transition boards.
Component 3: Clean Energy Transition Fund Component 3 would establish a $1 billion Clean Energy Transition Fund.

The proposal would have effect from 1 September 2016 until 30 June 2030 and activities would be administered by a new government authority Renew Australia, not included in this request.
Senator Richard Di Natale, Australian Greens 30 June 2016 Person/party requesting costing: Date of public release of policy: Date costing request received: 30 June 2016 Date costing completed: 30 June 2016 Expiry date for the costing: Release of the next economic and fiscal outlook report This proposal would be expected to decrease both the fiscal and underlying cash balances by Costing overview $344.7 million over the 2016-17 Budget forward estimates period.
This impact is due to an increase in departmental expenses of $59.0 million and in administered expenses of $285.7 million.

Page 2 of 5 The proposal would have an impact beyond the 2016-17 Budget forward estimates period.

Over the period 2020-21 to 2029-30 the annual financial impact would be expected to be a decrease in both budget balances at a level similar to the proposal’s impact in 2019-20 of approximately $86 million per year.
A breakdown of the financial implications for each component across the forward estimates is provided at Attachment A.

The costing is considered to be of high reliability as it is based on specified capped amounts, however as the program design is yet to be confirmed, the allocation of funding between departmental and administered expenditure is uncertain.
Table 1: Financial implications (outturn prices)(a)(b) Impact on ($m) Fiscal balance Underlying cash balance 2016-17 2017-18 2018-19 2019-20 Total -86.2 -86.2 -86.2 -86.2 -86.2 -86.2 -86.2 -86.2 -344.7 -344.7 (a) A positive number represents an increase in the relevant budget balance, a negative number represents a decrease.

(b) Figures may not sum to totals due to rounding.


In costing the proposal, the following assumptions have been made: Key assumptions • In the absence of detailed advice on the nature of activities undertaken, all expenditure for Components 1 and 2 would be departmental.

• • Funding provided under the Clean Energy Transition Fund would be distributed evenly over the duration of the proposal.
The full funding allocation would be provided over the 10 months of 2016-17 from the commencement date of 1 September 2016.

Methodology Components 1 and 2: Mining Rehabilitation Commissioner and Community-led transition boards Departmental expenditure estimates are as specified in the request.

Component 3: Clean Energy Transition Fund Administered expenditure estimates are as specified in the request.
The departmental expenditure estimates are in addition to capped amounts, as specified, and are based on other like initiatives and estimates account for the net effect of indexation parameters and the efficiency dividend, in accordance with the Department of Finance’s costing practices.

Page 3 of 5 The Department of Finance provided indexation and efficiency dividend parameters.
Data sources Page 4 of 5 Attachment A: After Coal: Mine Rehabilitation and Transition planning—financial implications Table A1: After Coal: Mine Rehabilitation and Transition planning—Financial implications (outturn prices)(a)(b) ($m) 2016–17 2017–18 2018–19 2019–20 Total to 2019–20 Impact on fiscal and underlying cash balances – expenses/payments Component 1: Mining Rehabilitation Commissioner Administered Departmental - -2.0 - -2.0 - -2.0 - -2.0 Component 2: Community-led transition boards Administered Departmental - - - - -11.0 -11.0 -11.0 -11.0 Component 3: Clean Energy Transition Fund Administered Departmental Total -71.4 -1.8 -86.2 -71.4 -1.8 -86.2 -71.4 -1.7 -86.2 -71.4 -1.7 -86.2 - -8.0 - -44.0 -285.7 -7.0 -344.7 (a) A positive number indicates an increase in revenue or decrease in expenses or net capital investment in accrual and cash terms.
A negative number indicates a decrease in revenue or an increase in expenses or net capital investment in accrual and cash terms.

(b) Figures may not sum to totals due to rounding.

- Indicates nil.

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