Online version of the 2013-14 Department of Health Annual Report

Note 5: Business Operations

Notes to and Forming Part of the Financial Statements

Page last updated: 31 October 2014

Pursuant to Regulation 5A of the FMA Act, the Chief Executive of the Department of Finance has determined TGA to be a business operation within the Department.

TGA operates via a special account and prepares a set of annual financial statements, which are audited, as required by the FMOs. TGA 2013-14 financial statements are included in the Department's 2013-14 Annual Report.

The balance of the special account represents a standing appropriation from which payments are made for the purposes of the business operation.