#### 9.10 Subsequent events

There are no events that have arisen since 30 June that have significantly affected or may significantly affect the operations, or results, or state of affairs of DJPR.

#### 9.11 Other accounting policies

##### Contributions by owners

Consistent with the requirements of AASB 1004 Contributions, contributions by owners (that is, contributed capital and its repayment) are treated as equity transactions and, therefore, do not form part of the income and expenses of DJPR. Additions to net assets that have been designated as contributions by owners are recognised as contributed capital. Other transfers that are in the nature of contributions to or distributions by owners have also been designated as contributions by owners. Transfers of net assets arising from administrative restructurings are treated as distributions to or contributions by owners. Transfers of net liabilities arising from administrative restructurings are treated as distributions to owners.

##### Accounting for the goods and services tax (GST)

Income, expenses and assets are recognised net of the amount of associated GST, except where GST incurred is not recoverable from the taxation authority. In this case, the GST payable is recognised as part of the cost of acquisition of the asset or as part of the expense. Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from or payable to the Australian Taxation Office (ATO) is included with other receivables or payables in the balance sheet. Cash flows are presented on a gross basis. Commitments, contingent assets and liabilities are also stated inclusive of GST.

#### 9.12 Australian Accounting Standards (AAS) issued that are not yet effective

The following AASs become effective for reporting periods commencing after 1 July 2019: Service Concession Arrangements: Grantor; • AASB 1059 Leases; • AASB 16 Revenue from Contract with Customers; • AASB 15 and Income of Not-for-Profit Entities. • AASB 1058

##### Service concession arrangements

Prior to the issuance of AASB 1059, there was no definitive accounting guidance in Australia for service concession arrangements, which include a number of public private partnership (PPP) arrangements. The AASB issued the new standard to address the lack of specific accounting guidance and based the content thereof broadly on its international equivalent: International Public Sector Accounting Standard 32: Service Concession Arrangements: Grantor. For arrangements within the scope of AASB 1059, the public sector grantor will be required to record the asset(s) used in the service concession arrangement at current replacement cost in accordance with cost approach to Fair Value under AASB 13: Fair Value Measurement (AASB 13), with a related liability, which could be a financial liability, an accrued revenue liability (referred to as the “Grant Of A Right To The Operator” or GORTO liability) or a combination of both. The AASB recently announced a one-year deferral on the new accounting requirements for public sector grantors in service concession arrangements. As a result, AASB 1059 will apply to annual periods beginning on or after 1 January 2020, rather than 1 January 2019. However, DJPR intends to early adopt AASB 1059 in line with the original adoption date of 1 January 2019, i.e. the 2019–20 financial year.

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DJPR Annual Report 2018–19