Table 10: Operating statement
| For the year ended 30 June 2026 |
2025–26 |
2024–25 |
|---|---|---|
| Income from transactions | ||
| Revenue from government* |
245,838 |
258,505 |
| Sales of goods and services |
707 |
707 |
| Resources received free of charge |
12,448 |
- |
| Payments to consolidated fund |
(650) |
(415) |
| Total income from transactions |
258,343 |
258,797 |
| Expenses from transactions | ||
| Employee benefits |
124,066 |
129,135 |
| Supplies and services |
99,767 |
103,927 |
| Depreciation and amortisation |
9,323 |
8,915 |
| Resources provided free of charge |
12,448 |
- |
| Interest expenses |
20 |
14 |
| Total expenses from transactions |
245,624 |
241,991 |
| Net result from transactions |
12,719 |
16,806 |
| Other economic flows in net result | ||
| Net gains/(losses) on financial instruments |
- |
(28) |
| Net gains/(losses) on non-financial assets |
15 |
13 |
| Other gains/(losses) on other economic flows |
897 |
107 |
| Total other economic flows in net result |
912 |
92 |
| Net surplus/(deficit) for reporting period |
16,631 |
16,898 |
| * Revenue from government represents the output budget allocated to the SRO. | ||
Notes to the operating statement
- The decrease of $5.1 million in employee benefits was mainly due to an overall decrease in FTE numbers that resulted in a $2.9 million decrease in salaries and wages and a $2.2 million decrease in leave expenses.
- The $12.4 million of resources received free of charge revenue and resources provided free of charge expense are accommodation costs associated with the SRO offices, which were funded to and paid by the Department of Government Services.
- The decrease of $4.2 million in supplies and services was associated with a reduction in accommodation costs of $14.0 million due primarily to the funding change in relation to SRO offices’ costs, an increase of $4.9 million in a once-off emergency services and volunteers fund payment to local councils, and an increase of $3.6 million in IT expenses.
- Expenses from transactions exclude $0.7 million in relation to the administration of the growth areas infrastructure contribution, which is operated through a Treasury Trust.
Table 11: Balance sheet
| As at 30 June 2026 |
2025–26 |
2024–25 |
|---|---|---|
| Financial assets | ||
| Cash assets |
- |
- |
| Receivables |
90,655 |
94,000 |
| Total financial assets |
90,655 |
94,000 |
| Non-financial assets | ||
| Plant, property and equipment |
468 |
77 |
| Intangible assets |
42,370 |
42,473 |
| Other |
7,200 |
5,151 |
| Total non-financial assets |
50,038 |
47,701 |
| Total assets |
140,693 |
141,701 |
| Liabilities | ||
| Payables |
26,416 |
28,632 |
| Interest-bearing liabilities |
299 |
473 |
| Provisions |
33,029 |
32,574 |
| Total liabilities |
59,744 |
61,679 |
| Net assets |
80,949 |
80,022 |
Notes to the balance sheet
Table 12: Receivables
|
2025–26 |
2024–25 |
|
|---|---|---|
| Amounts owing from Victorian Government |
88,727 |
92,008 |
| GST input tax credit recoverable |
1,334 |
1,394 |
| Other receivables |
594 |
598 |
| Total receivables |
90,655 |
94,000 |
Table 13: Written-down value of property, plant and equipment
|
2025–26 |
2024–25 |
|
|---|---|---|
| Computer equipment |
468 |
77 |
| Plant, furniture and equipment |
- |
- |
| Leasehold improvements/fit-outs |
- |
- |
| Total written-down value of property, plant and equipment |
468 |
77 |
Table 14: Written-down value of intangible assets
|
2025–26 |
2024–25 |
|
|---|---|---|
| Other intangible produced assets* |
33,412 |
34,753 |
| Work in progress* |
8,958 |
7,720 |
| Total written-down value of intangible assets |
42,370 |
42,473 |
| * Capitalised and uncapitalised expenditure on e-Sys life extension project. | ||
Table 15: Other non-financial assets
|
2025–26 |
2024–25 |
|
|---|---|---|
| Prepayments |
6,904 |
4,554 |
| Right of use plant and equipment |
- |
258 |
| Motor vehicle leased |
296 |
339 |
| Total other non-financial assets |
7,200 |
5,151 |
Table 16: Payables
|
2025–26 |
2024–25 |
|
|---|---|---|
| Unpresented cheques |
(1,847) |
(1,322) |
| Trade creditors |
5,181 |
5,152 |
| Accruals |
17,329 |
19,960 |
| Other payables |
5,753 |
4,842 |
| Total payables |
26,416 |
28,632 |
Table 17: Interest-bearing liabilities
|
2025–26 |
2024–25 |
|
|---|---|---|
| Current liabilities | ||
| Right of use lease liabilities |
- |
132 |
| Motor vehicle leases |
111 |
127 |
| Total current liabilities |
111 |
259 |
| Non-current liabilities | ||
| Right of use lease liabilities |
- |
- |
| Motor vehicle leases |
188 |
214 |
| Total non-current liabilities |
188 |
214 |
| Total interest-bearing liabilities |
299 |
473 |
Table 18: Provisions
|
2025–26 |
2024–25 |
|
|---|---|---|
| Current provisions | ||
| Annual leave |
8,540 |
8,433 |
| Long service leave |
15,234 |
15,393 |
| Other employee entitlements |
5,317 |
5,256 |
| Total current provisions |
29,091 |
29,082 |
| Non-current provisions | ||
| Long service leave |
3,938 |
3,492 |
| Total non-current provisions |
3,938 |
3,492 |
| Total provisions |
33,029 |
32,574 |
Administered items
Table 19: Administered revenues
| Administered revenues |
2025–26 |
2024–25 |
|---|---|---|
| Payroll tax |
10,791,372 |
10,265,590 |
| COVID debt levy – payroll $10m+ |
1,348,939 |
1,259,244 |
| Mental health and wellbeing surcharge |
1,348,975 |
1,259,212 |
| Duties* |
13,034,186 |
11,466,072 |
| Land tax |
6,177,944 |
6,117,612 |
| COVID debt levy – landholdings |
1,149,109 |
1,131,781 |
| Congestion levy |
210,020 |
122,774 |
| Growth areas infrastructure contribution |
202,059 |
184,202 |
| Windfall gains tax |
52,867 |
14,837 |
| Metropolitan planning levy |
40,341 |
24,066 |
| Emergency services and volunteers fund |
1,523,552 |
1,030,588 |
| Commercial passenger vehicle service levy |
92,644 |
85,919 |
| Short stay levy |
92,631 |
19,104 |
| Wagering and betting tax |
365,709 |
353,343 |
| Keno tax |
17,427 |
12,407 |
| Casino tax |
189,574 |
176,977 |
| Community benefit levy |
10,081 |
9,605 |
| Licence fees |
- |
(1) |
| Total |
36,647,430 |
33,533,332 |
| Less: cattle compensation fund |
(1,975) |
(6,188) |
| Less: swine compensation fund |
(73) |
(206) |
| Less: sheep and goat compensation fund |
(829) |
(4,355) |
| Add: unclaimed money receipts |
135,657 |
238,865 |
| Add: user charges |
7,654 |
6,811 |
| Add: sundry income |
2,552 |
488 |
| Total administered revenues |
36,790,416 |
33,768,747 |
| * Includes cattle compensation fund, swine compensation fund and sheep and goat compensation fund. | ||
Table 20: Administered expenses
| Administered expenses |
2025–26 |
2024–25 |
|---|---|---|
| First Home Owner Grant |
82,775 |
89,570 |
| HomeBuilder Grant |
1,203 |
3,767 |
| Liquor subsidies |
5,015 |
5,004 |
| Other grants, rebates and other payments |
33,119 |
73,111 |
| Unclaimed money refunds |
14,139 |
18,660 |
| Bad and doubtful debts |
68,072 |
74,694 |
| Total administered expenses |
204,323 |
264,806 |
| Net administered revenues |
36,586,093 |
33,503,941 |
Notes to administered items
- Tax and duty revenue increased by $3,114 million to $36,647 million. This included:
- an increase of $526 million in payroll tax
- an increase of $90 million in COVID debt levy – payroll $10m+
- an increase of $90 million in mental health and wellbeing surcharge
- an increase of $1,523 million in land transfer duty
- an increase of $60 million in land tax and vacant residential land tax
- an increase of $17 million in COVID debt levy – landholdings
- an increase of $87 million in congestion levy
- an increase of $74 million in short stay levy
- an increase of $493 million in emergency services and volunteers fund.
- Unclaimed money receipts represent monies transferred to the Registrar under the Unclaimed Money Act 2008 and the Gambling Regulation Act 2003. There was a decrease of $103 million in the 2025–26 financial year.
- The First Home Owner Grant decreased by $7 million as a result of a reduction in applications compared to 2024-25.
- Other grants, rebates and other payments decreased by $40 million mainly due to a decrease in ex gratia payments of $41 million.
- The $7 million decrease in bad and doubtful debts includes an increase of $76 million in bad debts and a decrease of $83 million in the provision for doubtful debts.