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Legislative Assembly for the ACT: 2010 Week 11 Hansard (21 October) . . Page.. 4964..


(1) For each portfolio area, what were the top ten assets as at 30 June 2010 and what was their value, broken down by specific asset, not asset class.

(2) What were the top ten liabilities as at 30 June 2010 and what was their value, broken down by each specific liability.

Ms Gallagher: The answer to the member's question is as follows:

The Government does not account for assets and liabilities by portfolio. Details of the assets and liabilities of ACT Government Departments and Agencies are published in accordance with Generally Accepted Accounting Principles (GAAP) and the requirements of the Financial Management Act 1996, the Annual Reports (Government Agencies) Act 2004, and the Chief Minister's Annual Report Directions (which are endorsed by the Standing Committee on Public Accounts each year). Reports for 2009-10 will be tabled shortly in accordance with established procedures.

Finance—government assets and liabilities (Question No 1155)

Mr Seselja asked the Minister for Land and Property Services, upon notice, on 26 August 2010:

(1) For each portfolio area, what were the top ten assets as at 30 June 2010 and what was their value, broken down by specific asset, not asset class.

(2) What were the top ten liabilities as at 30 June 2010 and what was their value, broken down by each specific liability.

Mr Stanhope: The answer to the member's question is as follows:

The Government does not account for assets and liabilities by portfolio.

Details of the assets and liabilities are published in agency financial statements in accordance with Generally Accepted Accounting Principles (GAAP) as required by the Financial Management Act 1996. Under GAAP, departments are required to disclose their assets and liabilities by output class where it is feasible to do so.

Annual Reports for 2009-10, which include agency financial statements, will be tabled shortly in accordance with established procedures.

Finance—government assets and liabilities (Question No 1157)

Mr Seselja asked the Minister for the Arts and Heritage, upon notice, on 26 August 2010 (redirected to the Acting Minister for the Arts and Heritage):

(1) For each portfolio area, what were the top ten assets as at 30 June 2010 and what was their value, broken down by specific asset, not asset class.


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