Documents Library

TC22-14 Commonwealth - NSW Funding Agreements

This Treasury Circular provides information for NSW Ministers and agencies on processes for negotiating and approval to enter into new or extended funding agreements with the Commonwealth. This Circular replaces the former Premiers Memorandum M2011-19 NSW Protocol for the Intergovernmental Agreement on Federal Financial Relations.

TC22-01 Statutory Act of Grace Payments

Ministers have the power under section 5.7 of the Government Sector Finance Act 2018 (GSF Act) to make an act of grace payment (Statutory Act of Grace Payment). The exercise of this power is at the discretion of the Minister or the Minister’s delegate.

Statutory Act of Grace Payments may be made under section 5.7 of the GSF Act where the Minister, or Minister’s delegate, is satisfied that there are “special circumstances”, or other circumstances of a kind prescribed by regulation. There are currently no other circumstances prescribed by regulation.

TC21-11 Timetable for Agency Asset Valuation

This Treasury Circular outlines the recommended timetable for asset valuations undertaken by NSW public sector entities for financial years ending on or after 30 June 2022.

Due to the long lead time required to prepare for external valuations of non-current physical assets some milestone dates may have already passed on issuance of this timetable. NSW Treasury anticipates that Agencies have already commenced planning for asset valuations and should still be able to meet the mandatory due dates. This timetable should also assist in providing an indication of procedures for future years.

TC18-10 Accounting for Superannuation

TC20-08 Mandates of Options and Major Policy Decisions under Australian Accounting Standards

This has been superseded by TPG22-07

TC20-04 Accounting Policy - Accounting for Public Sector Operators in a Service Concession Arrangements

TC20-03 Accounting Policy - Transition Requirements for AASB 1059 Service Concession Arrangements: Grantors

TC20-02 AASB 16 Leases Subsequent Measurement of Right of Use Assets

TC19-07 AASB 15 Revenue from Contracts with Customers and AASB 1058 Income of Not-for-Profit Entities Transition Elections

AASB 15 Revenue from Contracts with Customers and AASB 1058 Income of Not-for-Profit Entities will come into effect for not-for-profit entities for financial years beginning on or after 1 January 2019.

TC18-05 AASB 16 Leases Transitions Elections