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Statement of intent 2006/2009

Financial highlights

There are seven departmental output expenses delivered by the Department of Building and Housing.

We expect in the 2006/07 year:

  • to earn $12.988 million from interest on the Residential Tenancies Trust Account
  • to earn $0.800 million from fees for applications to the Tenancy Tribunal
  • to earn $0.113 million from fees to help Tenancy Tribunal judgement creditors to recover judgement debts
  • to earn $4.260 million from occupational licensing fees and levies
  • to earn $18.072 million from building levies
  • to earn $0.348 million from contributions for the State Sector Retirement Savings Scheme
  • to earn $33.516 million from the sale of outputs to the Crown
  • to spend $71.843 million on the production of outputs for the seven departmental output expenses detailed in the Statement of Forecast Service Performance.

We will also administer the following non-departmental expenditure and revenue in 2006/07.

  • Non-departmental output expenses payable to Housing New Zealand Corporation for policy advice of $2.912 million, contracted housing support services of $11.183 million, and housing support services of $11.491 million.
  • Benefits and unrequited expenses for income-related rental subsidy paid to Housing New Zealand Corporation of $417.452 million.
  • Benefits and unrequited expenses for housing assistance payments of $8.666 million.
  • Non-departmental other expenses payable to Housing New Zealand Corporation for the community housing rent relief programme of $4.500 million.
  • Non-departmental other expenses to recognise an increase of $3.149 million in provision for doubtful debts on income-related rental subsidy Crown debt.
  • Interest receipts on loans to Housing New Zealand Corporation of $109.323 million.
  • Dividend receipts from Housing New Zealand Corporation of $4.279 million.
  • Capital injections to Housing New Zealand Corporation of $216.913 million.
  • Housing New Zealand Corporation third-party debt refinancing of $259.342 million.
  • A loan to the Registered Architects Board of $0.045 million.

Details of how the non-departmental appropriations will be applied appear in parts C2, D1, D3, E1 and F1 of Vote Housing in the 2006/07 Estimates of Appropriations for the Government of New Zealand.