Final Annual Report - Health Workforce Australia

Schedule of Commitments

Page last updated: 18 May 2015

Schedule of Commitments cellspacing for the period 1 July 2014 to 7 October 2014
2015
2014
BY TYPE
$’000
$’000
Commitments receivable
Funding commitment - Department of Health
 
-
95,343
Net GST recoverable on commitments
 
-
2,367
Total commitments receivable
 
-
97,710
Commitments payable
Operating leases
 
-
3,600
Grant funding
7,955
21,878
Other
 
-
554
Total commitments payable
7,955
26,032
Net commitments by type
(7,955)
71,678
BY MATURITY
Commitments receivable
One year or less
 
-
97,710
Total commitments receivable
 
-
97,710
Operating lease commitments
One year or less
 
-
2,135
From one to five years
 
-
1,465
Total operating lease commitments
 
-
3,600
Grant funding commitments
One year or less
7,955
21,878
Total operating lease commitments
7,955
21,878
Other commitments payable
One year or less
 
-
554
Total other commitments
 
-
554
Net commitments by maturity
(7,955)
71,678

This schedule should be read in conjunction with the accompanying notes.

Note: Commitments are GST inclusive where relevant.

Commitments receivable relate to funding attributable to the health workforce function of the Commonwealth and ultimately were transferred to the Department of Health from 7 October 2014 as disclosed in note 1.1.

Operating Leases for office accommodation

Leases are effectively non cancellable.

Lease payments are subject to annual increases until the end of the lease.

The leases expire in September 2015, February 2016 & September 2017 with an option for the Department of Health to extend for a further five years.

No contingent rentals exist.

On 7 October 2014 HWA was abolished with it's functions transferring to the Department of Health and the leases became void.

The Health Workforce Australia (Abolition) Act 2014 providse for all liabilities of HWA to transfer to the Department of Health beyond 7 October 2014.