House of Representatives Committees

Standing Committee on Economics, Finance and Public Administration

Committee activities (inquiries and reports)

Review of ANAO Audit Report No. 6 1996/97: Commonwealth guarantees, indemnities and letters of comfort

The Committee tabled its report Review of ANAO Audit Report No. 6 1996/97: Commonwealth guarantees, indemnities and letters of comfort on 29 September 1997. Copies of the full report are available in PDF format (103KB) and from the Committee Secretariat.

(To view or print the PDF document, you will require the Acrobat PDF Reader, which can be downloaded free of charge from Adobe)

A full copy of audit report No. 6 (PDF format) on which the inquiry was based is available from the Australian National Audit Office site. A summary of the audit it as the front of that report.

Government response to the Committee's report was tabled on 26 May 1998.

Table of contents of report

FOREWORD

MEMBERS OF THE COMMITTEE

TERMS OF REFERENCE

RECOMMENDATIONS

ACRONYMS AND ABBREVIATIONS

CHAPTER 1: INTRODUCTION

CHAPTER 2: COMMONWEALTH EXPOSURE

Extent of Commonwealth contingent liabilities
Power to incur liabilities
CHAPTER 3: MANAGEMENT AND MONITORING ARRANGEMENTS

Role of the Departments
Preparation of formal instruments
Records management
Review and evaluation of contingent liabilities
Reporting
Importance of risk management planning in the public sector
Supervision of government business enterprises and statutory authorities
Non-compliance
Conclusion
Appendix 1: INDEX OF SUBMISSIONS

Appendix 2: LIST OF HEARINGS AND WITNESSES (A copy of the public hearing transcripts is available in PDF format)

Appendix 3: SALE OF THE MOOMBA TO SYDNEY GAS PIPELINE

Media releases

During the course of the inquiry the following media releases were issued by the Committee:

Speeches

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