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14 April, 2010

Hon HELEN MORTON: The government is purchasing more than $700 million worth of new assets this year and we need to start depreciating them.

Hon HELEN BULLOCK: I understand that. Are those purchases made within the budget?

Hon HELEN MORTON: I indicated previously that they were being funded as part of the Nation Building and Jobs Plan Building the Education Revolution.

Hon HELEN BULLOCK: Thank you for that; I must have missed that somewhere. A line item just above the total refers to “Expensed Capital Works and Depreciation Adjustments”. What do the appreciation adjustments relate to?

Hon Sue Ellery: When did “expensed” become a verb?

The DEPUTY CHAIRMAN (Hon Max Trenorden): My favourite is “re-cashflowed”!

Subject: Treasurer’s Advance Authorisation Bill 2010 [Legislative Council – Committee]

Date: 1 April 2010

Hansard reference: p. 1243 [online (pdf)]

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