For not-for-profit entities, where an asset is acquired at no cost, or for a nominal cost, the cost is its fair value as at the date of acquisition. The transfer of assets and liabilities between Commonwealth entities as a result of a restructuring of administrative arrangements is designated as an owner transaction. Prior year disclosure Restructures that occurred in the current and previous financial reporting periods must be disclosed in the restructuring note. In the rare circumstances a single restructure crosses two consecutive financial reporting periods, comparative figures must also be disclosed. Assumed functions – disclosure of income and expenses The notes to financial statements must disclose the full annual expense/income of the functions, which have been transferred to the entity. The statement of comprehensive income recognises only those expenses/income incurred/earned whilst the functions were under the control of the reporting entity. Employee movements Estimates Memorandum 2014/49: Transferring entitlements - payments when employees move between entities applies in respect of employees moving from one noncorporate Commonwealth entity to another non-corporate Commonwealth entity or to a corporate Commonwealth entity or to the High Court of Australia. This Estimates Memorandum requires that an amount in respect of accrued annual leave and accrued long service leave be transferred with the employee. This Estimates Memorandum does not apply if the move is as a direct consequence of the transfer of a Government function. Part 9 – Appropriations Overview Part 9 comprises: • Chapter 41: Appropriations – General Requirements outlines when and how appropriations are recognised. • Chapter 42: Departmental Appropriations outlines the recognition and measurement of departmental appropriations.
Affected entities are not required to for an operating loss where the loss is solely attributable to net cash appropriation arrangements. Entities are required to apply for an operating loss approval where the loss is due to any other factors. The Net Cash Appropriation Arrangements note in the PBS/PAES and annual financial statements are used to identify whether operating loss applications are required from entities in receipt of a DCB and/or CDAB. Entities may contact their Finance Agency Advice Unit for more information on the operating loss approval process. Contact the Budget Reporting and Framework Team in Finance on or further information net cash appropriation arrangements. Non – corporate Commonwealth entities with full DCB funding (73 entities) (as at 1 July 2016) These entities receive full DCB funding for asset replacement (i.e., they do not have any significant cost recovery activities). entities need to disclose their full depreciation/amortisation expenses in the Net Cash Appropriation Arrangements note. Administrative Appeals Tribunal Asbestos Safety and Eradication Agency Attorney-General’s Department Australian Aged Care Quality Agency Australian Bureau of Statistics Australian Centre for International Agricultural Research Australian Commission for Law Enforcement Integrity Australian Communications and Media Authority Australian Competition and Consumer Commission (also has body corporate status) Australian Crime Commission Australian Electoral Commission Australian Federal Police Australian Human Rights Commission Australian Institute of Criminology Department of the Environment. Department of the House of Representatives Department of the Prime Minister and Cabinet Department of the Senate Department of the Treasury Department of Veterans’ Affairs Digital Transformation Office Fair Work Commission Federal Court of Australia Geoscience Australia Great Barrier Reef Marine Park Authority High Court of Australia Inspector General of Taxation National Archives of Australia National Capital Authority National Health and Medical Research Council National Mental Health Commission
Australian Institute of Family Studies Australian Law Reform Commission Australian National Audit Office Australian Office of Financial Management Australian Pesticides and Veterinary Medicines Authority Australian Radiation Protection and Nuclear Safety Agency Australian Research Council Australian Secret Intelligence Service Australian Securities and Investments Commission (also has body corporate status) Australian Security Intelligence Organisation Australian Sports Anti-Doping Authority Australian Taxation Office Australian Trade Commission Australian Transaction Reports and Analysis Centre Australian Transport Safety Bureau Cancer Australia Energy Regulator Commonwealth Grants Commission Department of Communications and the Arts Department of Education and Training Department of Employment Department of Immigration and Border Protection Department of Infrastructure and Regional Development Department of Parliamentary Services Office of National Assessments Office of the Auditing and Assurance Standards Board Office of the Australian Accounting Standards Board Office of the Australian Information Commissioner Office of the Commonwealth Ombudsman Office of the Director of Public Prosecutions Office of the Fair Work Building Industry Inspectorate Office of the Fair Work Ombudsman Office of the Inspector General of Intelligence and Security Office of the Official Secretary to the Governor-General Office of the Parliamentary Counsel Parliamentary Budget Office Productivity Commission Professional Services Review Scheme Safe Work Australia Tertiary Education Quality and Standards Agency Workplace Gender Equality Agency