Extract from Hansard Legislative Council 7 July 1999
Mike Elliott Leader Australian Democrats Member of the Legislative Council		Parliament Index 1999 Budget Session Index Browse by Subject About the SA Parliament Hansard on line

In reply to Hon M.J. ELLIOTT (2 June).

The Hon. R.I. LUCAS: The $190 million relates to Cooper Basin gas purchases and sales reflected in the budgeted operating statement for Administered Items for Primary Industries and Resources as gross expenses and revenues. In contrast the treatment in the non commercial sector consolidated operating statement for 1998-99 was on a net basis consistent with its treatment in prior years.

As part of the Department of Treasury and Finance's ongoing transition to accrual accounting these transactions were reviewed and it was determined that the correct accounting treatment is to show gross expenses and revenues on consolidation. The result of this change has been that non commercial sector operating expenses and revenues for the 1998-99 estimated result are inflated by $190 million. Both treatments have a nil impact on the non commercial sector operating result.

[Home]    [SA Party Office]    [SA Branches]    [What's Hot in SA]    [Mike Elliott]    [Sandra Kanck]    [Ian Gilfillan]
   [SA Senators]   [SA Parliament]    [Contact Us]    [News Releases]    [National Site]    [Election]
    [Support Us]    [S.A. Links]     [Newsletter]     [Browse by Subject]