ROYAL ADELAIDE HOSPITAL

83 Dr McFETRIDGE (Morphett) (1 June 2010). Why did the accounting provision for the Private Public Partnership in respect of the new Royal Adelaide Hospital change between the 2008-09 Budget and the 2009-10 Budget?

The Hon. J.D. HILL (Kaurna—Minister for Health and Ageing, Minister for Mental Health and Substance Abuse, Minister for the Arts): I am advised:

The accounting provision was changed to align with the Auditor-Generals recommendation for the accounting treatment of Public Private Partnerships across Government. Consulting and project management costs are treated as operating expenditure up until financial close. From financial close, project expenditure will be treated as Investing.