| DTA1 | PM&C2 | IPEA3 | DTA1 | PM&C4 | IPEA4 | |
| 30 June 2018 | 30 June 2018 | 30 June 2018 | 30 June 2017 | 30 June 2017 | 30 June 2017 | |
| $'000 | $'000 | $'000 | $'000 | $'000 | $'000 | |
| FUNCTIONS RELINQUISHED | ||||||
| Assets relinquished | ||||||
| Cash and cash equivalents | 96,063 | - | - | - | - | - |
| Trade receivables | 68,937 | 28 | - | 3,443 | 1,027 | 107 |
| Accrued revenue | 174 | - | - | - | - | - |
| Land | - | 44,000 | - | - | - | - |
| Buildings | - | 5,811 | - | - | - | - |
| Total assets relinquished | 165,174 | 49,839 | - | 3,443 | 1,027 | 107 |
| Liabilities relinquished | ||||||
| Payables | 9,590 | - | - | 807 | - | 3,945 |
| Unearned revenue | 130,416 | - | - | - | - | - |
| Employee provisions | - | 28 | 2,769 | 2,636 | 1,027 | 617 |
| Total liabilities relinquished | 140,006 | 28 | 2,769 | 3,443 | 1,027 | 4,562 |
| Net assets/(liabilities) relinquished | 25,168 | 49,811 | (2,769) | - | - | (4,455) |
1 Whole of Australian Government Information and Communications Technology (WoAG ICT) policy, procurement and strategy-related functions transferred to the Digital Transformation Agency (DTA) following an administrative arrangements order on 27 October 2016. Relevant staff, appropriations, assets and liabilities were transferred in 2016-17, with a final transfer of assets and liabilities occurring on 1 July 2017 following the establishment of the DTA ICT Coordinated Procurement Special Account.
2 Ownership and property management of the Prime Minister's official establishments transferred to the Department of Prime Minister and Cabinet (PM&C) following an administrative arrangements order on 30 November 2017.
3 Administration of the Parliamentary Retirement Travel Act 2002 (formerly the Members of Parliament (Life Gold Pass) Act 2002) transferred to the Independent Parliamentary Expenses Authority (IPEA) on 1 January 2018 following commencement of the Parliamentary Business Resources Act 2017.
4 Finance transferred functions for: auditing, reporting, providing advice and processing claims relating to travel expenses and allowances of parliamentarians and MOP(S) Act staff to IPEA following a restructure of administrative arrangements on 3 April 2017.
Functions Assumed
There were no functions assumed in 2017-18. In 2016-17, Finance recognised net assets of $14 million for the transfer of shared services from the Education and Training and Employment portfolios.
