Description

This NSW Treasury Policy & Guidelines Paper provides guidance to agencies in deciding whether they are a for-profit or not-for-profit entity, for the purpose of their general purpose financial report, prepared in accordance with Australian Accounting Standards.

The policy is applicable to all entities that are reporting GSF agencies within the meaning of section 7.3 of the Government Sector Finance Act 2018 (GSF Act), and to the accountable authorities for those reporting GSF agencies. For the avoidance of doubt, this policy does not apply to universities and their controlled entities, or to their accountable authorities.