Financial Information

Discretionary grants

Discretionary grants are payments where the Minister or paying agency has discretion in determining whether or not a particular applicant receives funding, and the conditions that apply in return for the grant.

ASADA did not administer any discretionary grants in 2006-07.

Asset management

ASADA's non-financial assets are mainly the computer hardware and software needed to deliver our outputs. Our asset replacement strategy ensures that adequate budget and planning is in place for replacing assets as they come to the end of their useful lives.

Section 33 of the Finance Minister's Orders for reporting periods ending on or after 1 July 2006 requires us to value non-financial assets (excluding intangible assets) on a fair value basis. In addition, Section 33 requires that these assets be subject to a formal valuation at least once every five years.

ASADA's buildings, plant and equipment were revalued to fair value at 30 June 2006
by an external valuer.

Purchasing

In 2006-07, our Procurement section implemented business rules and systems that enhance the efficiency and integrity of our procurement processes. The section manages our main corporate contracts and ensures we meet our external reporting obligations in relation to procurement.

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ASADA seeks to achieve value for money in all procurement processes and ensures these are consistent with the requirements of the Australian Government Procurement Guidelines issued by the Minister for Finance and Administration.

ASADA has a purchaser provider arrangement with the government's Australian Sports Drug Testing Laboratory (ASDTL), which is part of the National Measurement Institute. ASDTL is the only laboratory in Australia with World Anti-Doping Agency (WADA) accreditation to conduct sample analysis for doping control in sport. ASDTL provides analytical and scientific services to ASADA for its Output 1.2 Detection Program.

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