Corporations and Markets Advisory Committee
Section 1: Entity Overview and Resources
1.1	Strategic Direction
1.2	Entity Resource Statement
1.3	Entity Measures table
1.4	Additional Estimates and variations
1.5	Breakdown of additional estimates by appropriation bill
Section 2: Revisions to Entity Resources and Planned Performance
2.1	Resources and performance information
Section 3: Explanatory Tables and Budgeted Financial Statements
3.1	Explanatory tables
3.2	Budgeted financial statements

Corporations and Markets Advisory Committee
Section 1: Entity Overview and Resources
1.1	Strategic direction
The Government announced the cessation of the Corporations and Markets Advisory Committee (CAMAC) as part of its measures to reduce duplication and increase efficiency in how public funds are used to deliver services to the community in the 2014‑15 Budget, as outlined in the Treasury Portfolio Budget Statements 2014‑15 on pages 263. 
CAMAC has ceased operations pending passage of the Australian Securities and Investments Commission Amendment (Corporations and Markets Advisory Committee Abolition) Bill 2014 which is currently before Parliament. 
CAMAC’s report to the Government on the annual general meeting and shareholder engagement was discontinued and CAMAC’s working papers on this reference were provided to the Treasury.
CAMAC is seeking an additional $0.18 million in departmental funding through Appropriation Bill (No. 3) 2014‑15 for redundancy funding as a result of the cessation of the entity.
1.2	Entity resource statement
The Entity Resource Statement details the resourcing for CAMAC at Additional Estimates. Table 1.1 outlines the total resourcing available from all sources for the 2014‑15 Budget year, including variations through Appropriation Bill No. 3. 

Table 1.1: CAMAC resource statement — additional estimates for 2014‑15 as at Additional Estimates February 2015

(1)	Appropriation Act (No. 1) 2014‑15 and Appropriation Bill (No. 3) 2014‑15.
(2)	Estimated adjusted balance carried from previous year for annual appropriations

Reader note: All figures are GST exclusive.

1.3	Entity measures table
There have been no new Government measures taken since the 2014‑15 Budget that relate to CAMAC.

1.4	Additional Estimates and variations
The following table details the changes to the resourcing for CAMAC at Additional Estimates, by outcome. Table 1.2 details the Additional Estimates or variations through other factors, such as parameter adjustments.
Table 1.2: Additional Estimates and variations to outcomes from other variations

1.5	Breakdown of additional estimates by appropriation bill
The following table details the Additional Estimates sought for CAMAC through Appropriation Bill No. 3.
Table 1.3: Appropriation Bill (No. 3) 2014‑15

Section 2: Revisions to Entity Resources and Planned Performance
2.1	Resources and performance information
CAMAC has ceased operations pending passage of the Australian Securities and Investments Commission Amendment (Corporations and Markets Advisory Committee Abolition) Bill 2014 which is currently before Parliament, noting the Government’s decision in the 2014‑15 Budget to abolish the agency before 1 July 2015.
Table 2.1 Budgeted Expenses and Resources for Outcome 1

Programme Objective 1.1 Corporations and Markets Advisory Committee
CAMAC has ceased operations pending passage of the Australian Securities and Investments Commission Amendment (Corporations and Markets Advisory Committee Abolition) Bill 2014 which is currently before Parliament, noting the Government’s decision in the 2014‑15 Budget to abolish the agency before 1 July 2015.
Program expenses 1.1
Table 2.2: Programme expenses 1.1

Section 3: Explanatory Tables and Budgeted Financial Statements
3.1	Explanatory tables
3.1.1	Movement of administered funds between years
CAMAC does not have any administered funds.
3.1.2	Special accounts
CAMAC does not have any special accounts.
3.1.3	Australian Government Indigenous Expenditure
CAMAC does not have any Australian Government Indigenous Expenditure.
3.2	Budgeted financial statements
3.2.1	Analysis of Budgeted Financial Statements
The financial statements have been prepared on an Australian Accounting Standards basis.
CAMAC is expected to be abolished during 2014‑15.
3.2.2	Budgeted Financial Statements 
Table 3.2.1: Budgeted Departmental Comprehensive Income Statement (showing net cost of services)

Prepared on Australian Accounting Standards basis.

Table 3.2.2: Budgeted Departmental balance sheet (as at 30 June)

Prepared on Australian Accounting Standards basis.

Table 3.2.3: Departmental statement of changes in equity — summary of movement (Budget Year 2014‑15)

Prepared on Australian Accounting Standards basis.

Table 3.2.4: Budgeted departmental statement of cash flows (as at 30 June)

Prepared on Australian Accounting Standards basis.

Table 3.2.5: Capital Budget statement — Departmental

Prepared on Australian Accounting Standards basis.

Table 3.2.6: Statement of asset movements (2014‑15)

Prepared on Australian Accounting Standards basis.