CASA Annual Report 2002 03 Appendix 11: Other statutory reporting requirements
Part 7: Appendices
Appendix 11: Other statutory reporting requirements
Statutory reporting of significant events
Under section 15 of the Commonwealth Authorities and Companies Act 1997, CASA must notify the Minister of significant events. These are defined as any proposal to:
- form a company or participate in the formation of a company;
- participate in a significant partnership, trust, unincorporated joint venture or similar arrangement;
- acquire or dispose of a significant shareholding in a company;
- acquire or dispose of a significant business;
- commence or cease a significant business activity; or
- make a significant change in the nature or extent of its interest in a significant partnership, trust, unincorporated joint venture or similar arrangement.
There were no significant events within the meaning of section 15 during 2002–03.
Other major events
Under the Commonwealth Authorities and Companies Orders 2002, CASA must report on any significant changes in accordance with:
- subclause 10 (1) (e) - significant changes in the authority's state of affairs or principal activities that have occurred during the financial year; and
- subclause 10 (1) (f) - developments since the end of the financial year, giving particulars of any matter or circumstance that has arisen and has significantly affected or may significantly affect:
- the authority's operations in future financial years; or
- the results of those operations in future years; or
- the authority's state of affairs in future financial years.
The following major events have occurred:
- The Civil Aviation Amendment Bill 2003 containing reforms to CASA's governance arrangements and new enforcement provisions was introduced into Parliament on 27 March 2003. The new provisions, which passed through Parliament on 9 October and are awaiting Royal Assent, will:
- abolish the CASA Board and will provide for the Director of Aviation Safety to report direct to the Minister;
- empower the Minister to set enforceable policy directions and performance standards for CASA;
- empower the Minister to establish consultation machinery for industry and stakeholders; and
- introduce a number of significant changes to CASA's enforcement procedures, including an automatic stay of most CASA decisions to suspend or cancel licences, a requirement for Federal Court review of immediate suspension action undertaken in circumstances of serious and imminent risk, a demerit points system, a voluntary reporting system for minor contraventions, and a system of voluntary enforceable undertakings.
- CASA was required to make a one-off additional contribution of $2.342 million to maintain a 100% assets to liabilities ratio for CASA staff in the AvSuper defined benefits superannuation scheme.
- A reduction of $5.1 million in expected fuel excise revenue.
- Approval from the Minister for Finance and Administration to operate at a deficit of $3.442 million (excluding Capital Use Charge)
- Supplementary funding of $6.5m in the Budget for 2003–04.
- The Government's instigation of a review of CASA's long-term funding strategy for consideration in the 2004–05 Budget context.
- Resignation of the Director of Aviation safety, Mick Toller, on 8 August 2003.
Significant judicial decisions and administrative review decisions
Under the Commonwealth Authorities and Companies Orders 2002, CASA must report, in accordance with subclause 11(a), on any judicial decisions and decisions of administrative tribunals that have had, or may have, a significant impact on its operations.