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Legislative Assembly for the ACT: 2010 Week 10 Hansard (Thursday, 23 September 2010) . . Page.. 4538 ..


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 1167)

Mr Seselja asked the Minister for Tourism, Sport and Recreation, 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 Barr: 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.


Environment—greenhouse gas(Question No 1174)

Mr Seselja asked the Minister for the Environment, Climate Change and Water, upon notice, on 26 August 2010:

(1) In relation to each initiative implemented by the Government that is designed to reduce greenhouse gas emissions since 2008-09, what cost benefit or cost effectiveness study was undertaken on each policy before it was implemented.

(2) Which external consultants were engaged to provide advice to develop each initiative, and what was the cost of engaging each.

(3) What experience did each consultant referred to in part (2) have in each field.

(4) How many staff have been engaged to implement each initiative.

(5) How much greenhouse gas emissions have been saved by the implementation of each initiative to date.


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