TC10-07 Land under Roads
NSW public sector entities must recognise and value all land under roads at fair value for financial years ending on or after 30 June 2010. Most land under roads has no
Issued: 17 June 2010 by Treasury
This AR is archived and has been replaced by the following document(s)
Key information
- Status
- Archived
- Type
- NSW Treasury Circular
- Identifier
- TC10-07
- Compliance
- Not mandatory
Who needs to know and/or comply with this?
- Departments
- Executive agencies related to Departments
- Advisory Entities (including Boards and Committees)
- Separate agencies
- State Owned Corporations
- Statutory Authorities/Bodies
- Subsidiaries of the NSW Government established under the Corporations Act
- Councils under the Local Government Act
About
NSW public sector entities must recognise and value all land under roads at fair value for financial years ending on or after 30 June 2010. Most land under roads has no
feasible alternative use and must be valued at existing use, based on an en globo valuation approach or proxy such as open space land.