Explanatory Memorandum
(Circulated by authority of the Minister for Employment, Education and Training, the Hon. John Dawkins, MP)Financial Impact
It is estimated that industry investment in structured training will increase by around $400m year as a result of this scheme in 1990-91 rising to $800m in 1992-93. Some of this will be collected by Government from employers who incur a shortfall: around $50m to $lOOm in the first couple of years. The administration costs are estimated at $0.8m in 1989-90, $4.1m in 1990-91 and S3.9m thereafter. Additional funds will be required for the conduct of a training expenditure survey by the Australian Bureau of Statistics (ABS) to monitor expenditure across all employers, by type of training and gender. These are estimated as $0.11m in 1989-90, $1.35m in 1990-91 and $2.90m in 1991-92. These costs will be met out of revenue collected under the scheme.
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