Financial Regulations 1990 · 2025 Revised Edition · Part 10 · Capitalising Nationally Significant Infrastructure Expenditure
36. Depreciation
Feedback & supportThe depreciation in respect of an asset that is a nationally significant infrastructure is —
based on the useful life of the nationally significant infrastructure; and
calculated using a straight‑line method which deducts, in each financial year, over the useful life of the nationally significant infrastructure, a defined amount of depreciation charge from the carrying amount for that asset.
The depreciation in respect of an asset that is a related facility of a nationally significant infrastructure is —
based on the useful life of the related facility; and
calculated using a straight‑line method which deducts, in each financial year, over the useful life of the related facility, a defined amount of depreciation charge from the carrying amount for that asset.
The depreciation of an asset mentioned in paragraph (1) or (2) must begin when it is available for use and is in the condition necessary for it to be ready for use for its intended purpose or purposes.
The depreciation of an asset mentioned in paragraph (1) or (2) does not end just because the asset becomes idle.
The depreciation in respect of an asset that is a related facility of a nationally significant infrastructure must be separate from that of the nationally significant infrastructure.
Subregulation 1
The depreciation in respect of an asset that is a nationally significant infrastructure is —
based on the useful life of the nationally significant infrastructure; and
calculated using a straight‑line method which deducts, in each financial year, over the useful life of the nationally significant infrastructure, a defined amount of depreciation charge from the carrying amount for that asset.
Subregulation 2
The depreciation in respect of an asset that is a related facility of a nationally significant infrastructure is —
based on the useful life of the related facility; and
calculated using a straight‑line method which deducts, in each financial year, over the useful life of the related facility, a defined amount of depreciation charge from the carrying amount for that asset.
Subregulation 3
The depreciation of an asset mentioned in paragraph (1) or (2) must begin when it is available for use and is in the condition necessary for it to be ready for use for its intended purpose or purposes.
Subregulation 4
The depreciation of an asset mentioned in paragraph (1) or (2) does not end just because the asset becomes idle.
Subregulation 5
The depreciation in respect of an asset that is a related facility of a nationally significant infrastructure must be separate from that of the nationally significant infrastructure.