House of Assembly - Fifty-Third Parliament, Second Session (53-2)
2016-06-21 Daily Xml

Contents

Estimates Replies

Transport Infrastructure

In reply to Ms CHAPMAN (Bragg—Deputy Leader of the Opposition) (23 July 2015). (Estimates Committee A)

The Hon. S.C. MULLIGHAN (Lee—Minister for Transport and Infrastructure, Minister for Housing and Urban Development): I have been provided with the following advice:

The financial accounting treatment of the relocation of water infrastructure in the Torrens to Torrens project remains the same.

As such, and in accordance with Australian Accounting Standard AASB 116 'Property, Plant and Equipment', these costs have been treated as capital expenditure by DPTI.

This treatment was discussed with, and endorsed by (subject to final audit), the Auditor-General's team responsible for auditing the financial statements of DPTI.