Draft Non-Current Asset Policies for the Queensland Public Sector

The Draft Non-Current Asset Policies for the Queensland Public Sector (NCAP) on this web page are mandatory for departments and statutory bodies (for reporting periods beginning on or after 1 July 2019). It is expected that agencies will adopt processes for their circumstances and operational characteristics.

Agencies are requested to provide feedback on the draft 2019-20 non-current asset policies to Queensland Treasury via fmbregistrations@treasury.qld.gov.au no later than Wednesday 6 May 2020.

These policies aim to provide a framework for identifying, valuing, recording and writing-off non-current physical and intangible assets. The policies must be read in conjunction with the relevant Australian accounting standards and are not intended to be read in substitution for them.

Non-current asset policies tools

The Non-Current Asset Policies Tools contains materials to assist agencies in complying with the Non-Current Asset Policies. The tools do not form part of the Non-Current Asset Policies and have been prepared to provide guidance only. To view the NCAP tools, visit the NCAP tools page.

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