Section 28(1)(b) of the Act requires the report to contain any other information required by the Minister. The main task of the Trust under the Act is to provide advice to the Minister. The Trust looks forward to engaging with key partners and collaborators over the next year to build on the strong foundation of the Royalties for Regions programme.
Prior to the promulgation of the Act, the Royalty Program for the Regions operated under section 10(a) of the Financial Administration Act 2006. Section 9(1) of the Act – the Minister may, with the consent of the Treasurer, authorize the expenditure of money to the Fund for the following purposes. Section 9(2) of the Act – The Fund shall incur – (a) expenditure authorized under subsection (1); and.
This appears from section 5, subsection of the Act. 1, that the fund must consist of the following sub-accounts: a) Country Local Government Fund;. Stuart is chairman of the South West Development Commission and deputy chairman of the Regional Development Council.
BILLION
AGRICULTURE
HEALTH
EDUCATION
TOURISM
154 MILLION
227 MILLION
MILLION $46
772 MILLION
627 MILLION
133 MILLION
229 MILLION
The distribution of royalties for regions across expenditure categories over the period of the forward estimates is shown in Chart 3. The main investment areas in agriculture include research and development, land and water, infrastructure investment, and trade and skills development. Royalty for Regions invests in community support services that are essential to enable regional areas to contribute more effectively to the growth and development of the state.
Investments in improving health outcomes in regions are not only essential for the well-being of the people who live in and visit the regions. A healthy population is more capable and productive, which is crucial for a country's productivity and competitiveness. Health investment initiatives are expected to deliver benefits ranging from enabling innovative health services across regions to meeting urgent health care and service delivery needs and improving health and aged care facilities in the country.
Royalties for Regions funding will continue to revitalize and transform the regions to the direct benefit not only of the people who live, work and visit, but essentially the state and therefore all Western Australians. The allocation of Royalties for Regions funds to the subsidiary accounts over the forecast period is shown in Diagram 4. This chart shows that there is strong alignment between the Regions Bonus Program and state government agencies.
Data is subject to change due to adjustments to correct misreporting errors and inconsistencies. It should also be noted that some programmes, such as the Regional Grants Scheme, the Research Incentive Scheme and the Regional Airports Development Scheme, contain projects with some types of proponents that are not included in the data.
Royalties for Regions budget proposal 2015-16
Compliance with the Act
Budget management
Other Royalties for Regions budget matters Regional Development Fund
Continued funding of basic services where business as usual remains the fundamental tenet of the business case will not solve the issues of rising costs or be able to be funded in the future under revenue reduction scenarios. This includes investments in economic development and this is expressly provided for in the law, article 9(1) and specifically section 9(1)(b). The Trust has undertaken a review of the Plans for the Minister, and as part of its overall findings, the Trust has identified two emerging principles for investing in economic development priorities.
Investing where there is comparative advantage, meaning operating in areas of activity where the region has the lowest opportunity cost, or using an appropriate proxy, such as the existing importance of industries in terms of export performance; And. Transformational investments that are activities that go beyond day-to-day things and focus on areas of investment that can. The Trust believes that investments in regional royalties should be aligned with the Blueprints to ensure that the investment is supported by regional investors and stakeholders, and that the investment should be aligned with development priorities under the Regional Development Strategy .
While the framework is under development, the Fund commented that budget priorities should be closely aligned with the priority of generating economic development. This does not exclude investment in social development, but the Trust also believes that they should enable economic development and be assessed on their ability to contribute to economic development outcomes such as job growth. The Trust's view is that this will enable the regions to contribute both to the growth and development of the regions, as well as to ensure that the regions contribute optimally to ensuring the improvement of the country's financial situation in the future.
Advice on matters referred by the Minister Regional Blueprints
The WA Region Royalties program has delivered real benefits to WA's regional communities and to the state as a whole. Royalties for regional funds should be intended to enable regional growth and economic development; and thus the creation of regional employment. Public investment in the regions should be tailored to the economic profiles and needs of each of the regions.
Comparative and competitive analyzes provide valuable tools for establishing the relative strengths of the regions and thus identifying government investment opportunities. Developing a more comprehensive understanding of the comparative and competitive positions of our regions should be a priority objective for DRD. In conjunction with the above work, DRD should develop and implement a rigorous evaluation framework to assess the.
This evaluation framework should be linked to specific outcome-based objectives that are defined before investment decisions are made. To do this effectively, a collaborative and portfolio-based model, where Commissions and DRDs share resources, expertise and networks for the benefit of the regions as a whole, and collaborate strongly with government agencies across regional borders, will provide more effective . the means to achieve the objectives. The Trust notes that the next layer of investment in regional WA is a far more complex and difficult task than has been undertaken during the first seven years of spending under the Honors for Regions programme.
The ability to develop the economies of the regions and enable the development and growth of jobs is a complex task. It is now crucial to move from the approach of developing individual regions at the expense of others to developing the regions as a whole. Now is the time to rediscover what "regional" means so that we can use our shared resources to compete effectively in the global marketplace.
In this way we can seek to achieve a regional WA that is known nationally and globally as a place to work, live and invest.
Advice on policy
Advice on Royalties for Regions
The Trust believes that the regional level of the CLGF Fund will continue to be a useful mechanism for developing strategic cross-municipal government projects. Water (in connection with regional development In 2011-12, Elsparefonden recommended that water policy and projects be given greater weight in royalties for regions. Planning new large royalties for regional projects (2012) In 2012, the fund identified a number of key strategic projects within for the regions that fitted key investment themes proposed by the Trust and adopted by the royalties for regions.
The Foundation notes that once the strategy is finalized and in place, it will advise the Minister and DRD that its themes for development should be replaced by the strategy. In 2012, the former minister had requested the foundation to consider revising the regional housing program funded under royalties to regions. At that time, the Foundation formed the opinion that the program was not sufficiently advanced to be reviewed constructively.
Since that time, DRD has conducted a housing investment evaluation and has shown some initial positive results to the Trust. The Trust looks forward to more information on the Housing programs funded by Royalties for Regions and will then advise the Minister as to whether or not a Trust review is required. This work has been completed by DRD and the Trust has been informed that the majority of the CRN have successfully managed this change.
Advice on royalties to regions and regional education (2014-15) Elsparefonden has advised that Royalties to Regions has invested significantly in a wide range of education and training initiatives in regional areas. But the foundation believes that these initiatives are project-based and widespread, rather than the result of a regional development-focused coherent plan. The Trust has seen little real progress in this area, despite ongoing spending on training in the regions and some early positive evaluation results.
Following the Advice and Recommendations 2014-15 section of this report, the Trust reiterates previous advice that a better understanding of the effectiveness and impact of Royalties for Regions funding to achieve the objectives of the Royalties for Regions Act 2009 a key area of focus for the Trust in the future.
Improved local health services
Improved availability and affordability of housing
Better emergency service communications, and mobile phone and wireless internet coverage
Securing regional water supplies
The Trust received no new Freedom of Information applications in 2014-2015 under the Freedom of Information Act 1992. As described in the Trust's Annual Report 2013-14, on 7 August 2014 the Trust issued a Decision Notice and granted access to documents pursuant to an application for all documents to and from the Trust relating to advice and recommendations given by the Fund to any Government Minister on the function and operation of the Revenue Fund for the Regions.
Trust Finances Operating budget
Western Australian Regional Development Trust
Blueprints, the Trust engaged ACIL Allen Consulting to undertake detailed reviews of each of the nine draft Blueprints developed by Regional. The Trust undertook the development of a strategic plan, performance review and training and development to improve the strategic performance of the Trust.
Trust performance evaluation
Provision of services and facilities to the Trust
Trust meetings
Working with the Public Sector Commission
Trust governance framework
Charter
Code of Conduct
Conflict of Interest Policy
NGO Non-Governmental Organization PSC Public Sector Commission RDCo Regional Development Council RDF Regional Development Fund RLI Regional Leadership Initiative SPA Special Purpose Account WA Western Australia. The portfolio includes the Department for Regional Development, nine Regional Development Commissions, the Regional Development Council and the Trust.
