DownloadAustralian Sports Drug Agency
Financial management
As ASDA was transitioned to ASADA the result for the 2005-06 year is showing as nil. All assets (excluding cash) and liabilities were transferred to the new ASADA on 14 March 2006.
During this period ASDA continued to outsource its financial management and administration functions. ASDA’s financial management focused on cost control and reduction initiatives.
Financial outlook
ASDA ceased operations on 13 March 2006. ASDA’s operations were assumed by the newly established ASADA. Together with the testing program, ASADA will also be responsible for the investigation of doping allegations and the presentation of cases at hearings.
Contracting and purchasing
Competitive tendering and contracting
In 2005–06 ASDA implemented contracts from competitive tendering processes across a number of business areas. These processes were conducted in accordance with the requirements of the Commonwealth Authorities and Companies Act 1997.
Consulting and outsourcing
As a small agency, ASDA utilised a range of consultants and outsource providers to support its business. In 2005–06 ASDA engaged consultants to support key business initiatives including the transition to ASADA, learning and development activities, strategic planning activities and a range of IT initiatives.
Total expenditure on consultants was $1,315,152.
ASDA outsourced corporate support functions, including IT support, payroll and financial management. A contract was established with a new service provider for the provision of payroll services.
Total expenditure on outsourced services was $491,368.
Asset management
ASDA’s business processes ensured effective assets management. These processes covered the purchase, management and disposal of assets. A register was developed to ensure all assets are effectively accounted for.
Responding to business opportunities
Business development
ASDA sought, where appropriate, to pursue anti-doping initiatives with relevant sporting organisations. This included the provision of services to a number of one-off events in Australia.
Risk management
ASDA conducted a review and documented the risks at the beginning of the 2005–06 financial year. ASDA’s risk register was monitored quarterly to ensure its currency and that appropriate risk mitigation strategies were in place.
Indemnities and insurance premiums
The following information is provided in accordance with section 16 of the Commonwealth Authorities and Companies Act (Report of Operations) Orders 2005, which requires reporting on indemnities and insurance premiums for officers.
ASDA had:
- director’s and officers’ liability insurance cover through Comcover, the Commonwealth self-managed fund
- not entered into any deeds of indemnity in relation to director’s and officers’ liability.
Audit program
Refer to ASADA reference on page 48.
Information technology
ASDA used an outsourced service provider to deliver IT infrastructure advice, maintenance and administration.
Information records and management
ASDA implemented the Mailsite recordkeeping system in accordance with the National Archives of Australia requirements. With the Agency ceasing operations ASADA is determining the disposal process for ASDA files.