TD26-06 Valuation of Physical Non-Current Assets at Fair Value
This Direction identifies the key requirements to be applied or followed by reporting GSF agencies and the accountable authorities for those agencies when valuing physical non-current assets for the purpose of preparing annual GSF financial statements in accordance with Division 7.2 of the GSF Act.
Issued: 27 March 2026 by Treasury
Key information
- Status
- Active
- Type
- Treasurer’s Direction
- Identifier
- TD26-06
- Compliance
- Mandatory
Who needs to know and/or comply with this?
- Executive agencies related to Departments
- General Government Sector
- Public Financial Corporation
- Public Non-financial Corporation
- State Owned Corporations
- ‘GSF Agencies’ as defined under the Government Sector Finance Act 2018
About
This Direction identifies the key requirements to be applied or followed by reporting GSF agencies and the accountable authorities for those agencies when valuing physical non-current assets for the purpose of preparing annual GSF financial statements in accordance with Division 7.2 of the GSF Act.
This Direction refers to the Treasury Policy and Guidelines “Valuation of Physical Non-Current Assets at Fair Value” as issued from time to time.
Commencement
This Direction takes effect on Friday, 27 March 2026.
Application
This Direction applies 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, the direction does not apply to universities and their controlled entities, or to their accountable authorities.