Financial Regulations 1990 · 2025 Revised Edition · Part 10 · Capitalising Nationally Significant Infrastructure Expenditure
35. Accounting for depreciation and impairment losses
Feedback & supportThe depreciation in respect of every infrastructure project that is or is connected to any nationally significant infrastructure must be accounted for in the relevant statement required to be prepared under section 18(1) of the Act.
Where a nationally significant infrastructure is impaired, and there is a decline in the value of the nationally significant infrastructure for reasons other than depreciation before the end of its useful life, the impairment loss must be accounted for in the relevant statement required to be prepared under section 18(1) of the Act.
Subregulation 1
The depreciation in respect of every infrastructure project that is or is connected to any nationally significant infrastructure must be accounted for in the relevant statement required to be prepared under section 18(1) of the Act.
Subregulation 2
Where a nationally significant infrastructure is impaired, and there is a decline in the value of the nationally significant infrastructure for reasons other than depreciation before the end of its useful life, the impairment loss must be accounted for in the relevant statement required to be prepared under section 18(1) of the Act.