Formats and related files
Vote Serious Fraud#
APPROPRIATION MINISTER(S): Minister of Police (M51)
APPROPRIATION ADMINISTRATOR: Serious Fraud Office
RESPONSIBLE MINISTER FOR SERIOUS FRAUD OFFICE: Minister of Police
Overview of the Vote#
The Minister of Police is responsible for appropriations in Vote Serious Fraud for the 2018/19 financial year covering the following:
- a total of nearly $10 million for detecting, investigating and prosecuting cases of serious financial crime. This includes activities directed at making the commission of financial crimes more difficult, and its detection and prosecution more effective, and
- a total of $140,000 for the purchase or development of assets and intangibles.
Details of these appropriations are set out in Parts 2-4.
Details of Appropriations and Capital Injections#
Annual and Permanent Appropriations#
2017/18 | 2018/19 | ||
---|---|---|---|
Titles and Scopes of Appropriations by Appropriation Type | Final Budgeted $000 |
Estimated Actual $000 |
Budget $000 |
Departmental Output Expenses |
|||
Investigation and Prosecution of Serious Financial Crime (M51) This appropriation is limited to detecting, investigating and prosecuting serious financial crimes by the Serious Fraud Office, and includes activities directed at making the commission of financial crimes more difficult, and detection and prosecution more effective. |
10,396 | 10,305 | 9,614 |
Total Departmental Output Expenses |
10,396 | 10,305 | 9,614 |
Departmental Capital Expenditure |
|||
Serious Fraud Office - Capital Expenditure PLA (M51) This appropriation is limited to the purchase or development of assets by and for the use of the Serious Fraud Office, as authorised by section 24(1) of the Public Finance Act 1989. |
865 | 865 | 140 |
Total Departmental Capital Expenditure |
865 | 865 | 140 |
Total Annual and Permanent Appropriations |
11,261 | 11,170 | 9,754 |
Capital Injection Authorisations#
2017/18 | 2018/19 | ||
---|---|---|---|
Final Budgeted $000 |
Estimated Actual $000 |
Budget $000 |
|
Serious Fraud Office - Capital Injection (M51) | 840 | 840 | - |
Supporting Information#
Part 1 - Vote as a Whole#
This part provides trend information for the vote.
1.2 - Trends in the Vote#
Summary of Financial Activity#
2013/14 | 2014/15 | 2015/16 | 2016/17 | 2017/18 | 2018/19 | 2019/20 | 2020/21 | 2021/22 | ||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Actual $000 |
Actual $000 |
Actual $000 |
Actual $000 |
Final Budgeted $000 |
Estimated Actual $000 |
Departmental Transactions Budget $000 |
Non- Departmental Transactions Budget $000 |
Total Budget $000 |
Estimated $000 |
Estimated $000 |
Estimated $000 |
|
Appropriations |
||||||||||||
Output Expenses | 8,961 | 8,945 | 8,853 | 9,418 | 10,396 | 10,305 | 9,614 | - | 9,614 | 9,619 | 9,619 | 9,619 |
Benefits or Related Expenses | - | - | - | - | - | - | N/A | - | - | - | - | - |
Borrowing Expenses | - | - | - | - | - | - | - | - | - | - | - | - |
Other Expenses | - | - | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure | 31 | 283 | 204 | 122 | 865 | 865 | 140 | - | 140 | 100 | 100 | 140 |
Intelligence and Security Department Expenses and Capital Expenditure | - | - | - | - | - | - | - | N/A | - | - | - | - |
Multi-Category Expenses and Capital Expenditure (MCA) | ||||||||||||
Output Expenses | - | - | - | - | - | - | - | - | - | - | - | - |
Other Expenses | - | - | - | - | - | - | - | - | - | - | - | - |
Capital Expenditure | - | - | - | - | - | - | N/A | - | - | - | - | - |
Total Appropriations |
8,992 | 9,228 | 9,057 | 9,540 | 11,261 | 11,170 | 9,754 | - | 9,754 | 9,719 | 9,719 | 9,759 |
Crown Revenue and Capital Receipts |
||||||||||||
Tax Revenue | - | - | - | - | - | - | N/A | - | - | - | - | - |
Non-Tax Revenue | - | - | - | - | - | - | N/A | - | - | - | - | - |
Capital Receipts | - | - | - | - | - | - | N/A | - | - | - | - | - |
Total Crown Revenue and Capital Receipts |
- | - | - | - | - | - | N/A | - | - | - | - | - |
Note - where restructuring of the vote has occurred then, to the extent practicable, prior years information has been restated as if the restructuring had occurred before the beginning of the period covered. In this instance Total Appropriations for the Budgeted and Estimated Actual year may not equal Total Appropriations in the Details of Appropriations and Capital Injections.
Adjustments to the Summary of Financial Activity Table Due to Vote Restructuring#
There have been no restructuring adjustments to prior year information reported in last year's Summary of Financial Activity table.
1.3 - Analysis of Significant Trends#
Total Vote: All Appropriations
Increased Output Expenses in 2016/17 were due to additional personnel costs of $456,000 that included less vacancies across the year and also cover for staff on secondment to other government agencies. Also the biennial International Fraud and Corruption Conference $88,000 was held.
A Budget 2017/18 initiative for a Case and Evidence Management System provided for $730,000 operating and $660,000 capital in 2017/18 with an additional $284,000 operating expenditure in each outyear thereafter. Also a Justice Sector Fund initiative to fund the New Zealand contribution to the International Anti-Corruption Co-ordination Centre (IACCC) provided for $167,000 in 2017/18.
Part 2 - Details of Departmental Appropriations#
2.1 - Departmental Output Expenses#
Investigation and Prosecution of Serious Financial Crime (M51)
Scope of Appropriation
Expenses and Revenue
2017/18 | 2018/19 | ||
---|---|---|---|
Final Budgeted $000 |
Estimated Actual $000 |
Budget $000 |
|
Total Appropriation | 10,396 | 10,305 | 9,614 |
Revenue from the Crown | 10,142 | 10,051 | 9,529 |
Revenue from Others | 254 | 254 | 85 |
What is Intended to be Achieved with this Appropriation
This appropriation is intended to increase business and investor confidence in the integrity of New Zealand's financial markets and increase the public and victims' confidence that those who commit financial crime are held to account in order to achieve the outcome of a confident business environment and a just society that is largely free of serious financial crime.
How Performance will be Assessed and End of Year Reporting Requirements
2017/18 | 2018/19 | ||
---|---|---|---|
Assessment of Performance | Final Budgeted Standard |
Estimated Actual |
Budget Standard |
Quantity: Number of Part 1 enquiries commenced |
30-40 | 30 | 30-40 |
Timeliness: Percentage of enquiries completed within three months |
80% | 60%-70% | 80% |
Quantity: Number of Part 2 investigations commenced |
14-16 | 16 | 14-16 |
Timeliness: Percentage of Part 2 investigations completed within targeted time (see Note 1) |
Cat.A: 50% within 18mths Cat.B: 60% within 12mths | Cat.A:15-20% under18mths Cat.B: 30-40% under12mths | Cat.A: 50% within 18mths Cat.B: 60% within 12mths |
Quality: Percentage of formal post-investigation reviews that meet SFO quality criteria |
90% | 90% | 90% |
Quantity: Number of cases brought to prosecution |
10-12 | 9-10 | 10-12 |
Quality: Percentage of defendants convicted |
80% | 80%-100% | 80% |
Quality: Percentage of formal post-prosecution reviews that meet SFO quality criteria |
90% | 90% | 90% |
Note 1 - Category A cases are those that involve high complexity. For example a case that may contain one or more of the following: a significant number of victims, large scale loss or a long period of alleged offending; multiple alleged suspects; inter-agency cooperation; international assistance; legal complexity.
Category B cases are all other cases.
End of Year Performance Reporting
Performance information for this appropriation will be reported by the Serious Fraud Office's 2018/19 Annual Report.
Current and Past Policy Initiatives
Policy Initiative | Year of First Impact |
2017/18 Final Budgeted $000 |
2018/19 Budget $000 |
2019/20 Estimated $000 |
2020/21 Estimated $000 |
2021/22 Estimated $000 |
---|---|---|---|---|---|---|
Case and Evidence Management System | 2017/18 | 1,390 | 295 | 295 | 295 | 295 |
New Zealand contribution to the International Anti-Corruption Co-ordination Centre (IACCC) initiative | 2017/18 | 167 | - | - | - | - |
Share of costs for Budget 2015 whole-of-government initiatives | 2015/16 | (15) | (15) | (15) | (15) | (15) |
'Right Sizing' The Serious Fraud Office | 2015/16 | 2,030 | 2,030 | 2,030 | 2,030 | 2,030 |
Reasons for Change in Appropriation
The decrease in this appropriation for 2018/19 is due to the reduction in funding for the Case and Evidence Management System to the base operating level, and the expected reduced contribution to the International Anti-Corruption Co-ordination Centre (IACCC).
2.3 - Departmental Capital Expenditure and Capital Injections#
Serious Fraud Office - Capital Expenditure PLA (M51)#
Scope of Appropriation
Capital Expenditure
2017/18 | 2018/19 | ||
---|---|---|---|
Final Budgeted $000 |
Estimated Actual $000 |
Budget $000 |
|
Forests/Agricultural | - | - | - |
Land | - | - | - |
Property, Plant and Equipment | 126 | 126 | 130 |
Intangibles | 739 | 739 | 10 |
Other | - | - | - |
Total Appropriation |
865 | 865 | 140 |
What is Intended to be Achieved with this Appropriation
This appropriation is intended to ensure that assets and intangibles required to support the delivery of the SFO's services are routinely renewed and maintained. Expenditure is in accordance with the SFO's capital expenditure plan.
How Performance will be Assessed and End of Year Reporting Requirements
2017/18 | 2018/19 | ||
---|---|---|---|
Assessment of Performance | Final Budgeted Standard |
Estimated Actual |
Budget Standard |
The capital plan developed and managed throughout year |
Capital plan for implementation by 30 June 2017 | Completed by 30 June 2017 | Capital plan for implementation by 30 June 2018 |
End of Year Performance Reporting
Performance information for this appropriation will be reported by the Serious Fraud Office's 2018/19 Annual Report.
Reasons for Change in Appropriation
The decrease in this appropriation for 2018/19 is due to a return to the base level of expected capital expenditure after increased spending in the previous year on implementing the new Case and Evidence Management System.
Capital Injections and Movements in Departmental Net Assets
Serious Fraud Office
Details of Net Asset Schedule | 2017/18 Estimated Actual $000 |
2018/19 Projected $000 |
Explanation of Projected Movements in 2018/19 |
---|---|---|---|
Opening Balance | 452 | 1,112 | |
Capital Injections | 840 | - | A Case and Evidence Management System |
Capital Withdrawals | (180) | - | Capital to operating swap |
Surplus to be Retained (Deficit Incurred) | - | - | |
Other Movements | - | - | |
Closing Balance |
1,112 | 1,112 |