House of Assembly Fifty-Second Parliament, First Session (52-1) 52 1 Parliament of South Australia House of Assembly published Answers to Questions Lease Incentives LEASE INCENTIVES In reply to Mrs REDMOND House of Assembly Heysen Leader of the Opposition LEASE INCENTIVES In reply to Mrs REDMOND (Heysen—Leader of the Opposition) (9 November 2010). The Hon. G. PORTOLESI House of Assembly Hartley Minister for Aboriginal Affairs and Reconciliation Minister for Multicultural Affairs Minister for Youth Minister for Volunteers Minister Assisting the Premier in Social Inclusion LEASE INCENTIVES The Hon. G. PORTOLESI (Hartley—Minister for Aboriginal Affairs and Reconciliation, Minister for Multicultural Affairs, Minister for Youth, Minister for Volunteers, Minister Assisting the Premier in Social Inclusion): I am advised that: Lease incentive receivables and liabilities relate to incentives provided to the Attorney-General's Department by building owners as a result of renewing lease arrangements for accommodation. Where the building owner has offered a lease free period as an incentive, a liability is recognised. As this is an up-front benefit provided by the building owner to the Department, accounting principles require this to initially be recognised as a liability, which progressively reduces over the life of the lease. A lease incentive asset has also been recognised to reflect future contributions by the building owner towards the fit out of the building.