TPP15-01 Financial Reporting Code for NSW General Government Sector Entities
This Circular updates NSW Treasury mandates under Australian Accounting Standards to be applied in all NSW public sector entity financial statements for financial years ending on or after 30 June 2015.
Issued: 9 February 2015 by Treasury
This AR is archived and has been replaced by the following document(s)
Key information
- Status
- Archived
- Type
- NSW Treasury Policy and Guidelines Paper
- Identifier
- TPP15-01
- Compliance
- Mandatory
About
This Circular updates NSW Treasury mandates under Australian Accounting Standards to be applied in all NSW public sector entity financial statements for financial years ending on or after 30 June 2015.
The Financial Reporting Code (the Code) applies to all New South Wales General Government Sector (GGS) entities. This version of the Code is applicable for financial years ending on or after 30 June 2015.
The application of the Code to GGS entities accurately reflects the current focus of financial reporting in New South Wales. The Consolidated Financial Statements of New South Wales report on the GGS and the total state sector. Similarly, the Budget Papers focus on the GGS. The Code sets out the financial reporting framework for NSW GGS entities outlining the form and content of financial statements, including the accompanying note disclosures.
The Code is issued to all GGS entities under delegation from the Treasurer in accordance with the Public Finance and Audit Act 1983. It incorporates the requirements of Australian Accounting Standards applicable to GGS entities.
This year, the Code has also been updated for other miscellaneous amendments to the Accounting Standards and other revised Treasury Circulars and Treasury Policy Papers.
The Financial Reporting Code (the Code) applies to all New South Wales General Government Sector entities.
The Code is issued as a direction by the Treasurer under section 45E(1)(b) and section 9(2)(n) of the PFAA.