Document ID: chunk:federal_register_of_legislation:F2025C00209:reg:221:p1
Version: federal_register_of_legislation:F2025C00209
Segment Type: reg
Provision Reference: reg 221 (pt 1/73)
Character Range: 155806–160399

221      Land under roads                                                                                                                                                                                                                                                                                                     X
222–225  Budgetary reporting                                                                                                                                                                                                                                                                                                                                      X
226–237  Income of NFP entities                                                                               X
238–241  Compliance with parliamentary appropriations and related authorities for expenditure                                                                                                                                                          X
242–243  Service concession arrangements                                                                                                                                 X

Contributions[38]
      1.                  A government department shall disclose liabilities that were assumed during the reporting period by the government or other entity.

Restructure of administrative arrangements[39]
      1.                  When activities are transferred as a consequence of a restructure of administrative arrangements, a government controlled not-for-profit transferee entity shall disclose the expenses and income attributable to the transferred activities for the reporting period, showing separately those expenses and items of income recognised by the transferor during the reporting period. If disclosure of this information would be impracticable, that fact shall be disclosed, together with an explanation of why this is the case.
      2.                  For each material transfer, the assets and liabilities transferred as a consequence of a restructure of administrative arrangements during the reporting period shall be disclosed by class, and the counterparty transferor/transferee entity shall be identified. With respect to transfers that are individually immaterial, the assets and liabilities transferred shall be disclosed on an aggregate basis.
      3.                  The disclosures required by paragraph 217 will assist users to identify the assets and liabilities recognised or derecognised as a result of a restructure of administrative arrangements separately from other assets and liabilities and to identify the transferor/transferee entity.

Administered items[40]
      1.                  A government department shall disclose the following in its complete set of financial statements in relation to activities administered by the government department:
           1.                    administered income, showing separately each major class of income;
           2.                    administered expenses, showing separately each major class of expense;
           3.                    administered assets, showing separately each major class of asset; and
           4.                    administered liabilities, showing separately each major class of liability.
      1.                  Details of the broad categories of recipients and the amounts transferred to those recipients shall be disclosed in the government department's complete set of financial statements.

Land under roads[41]
      1.                  An entity which applies AASB 1051 Land Under Roads shall disclose material accounting policy information for land under roads acquired before the end of the first reporting period ending on or after 31 December 2007, in each reporting period to which AASB 1051 is applied.

Budgetary reporting[42]
      1.                  Where an entity applies AASB 1055 Budgetary Reporting and its budgeted:
           1.                    statement of financial position;
           2.                    statement of profit or loss and other comprehensive income;
           3.                    statement of changes in equity; or
           4.                    statement of cash flows;
     reflecting controlled items is presented to parliament and is separately identified as relating to that entity, the entity shall disclose for the reporting period:

           1.                    that original budgeted financial statement presented to parliament, presented and classified on a basis that