|Departmental Transaction||Reporting Requirements||Application of AASB 1004 and Interpretation 1038|
Amounts designated as contributions by owners are recognised by transferee as equity.See FRR 38(3)(a) and 'Departmental Appropriations - Initial Recognition Categories' in RMG 116
|Departmental capital budgets (DCBs) and bill 2 equity injections are designated as contributions by owners in relevant appropriation bills - see 'Departmental Appropriations - Initial Recognition Categories' in RMG 116 and Interpretation 1038(8c)|
|Section 75 Transfers||
Transferee - Reduction in:
Transferor - Increase in:
* Departmental operating in the current yearSee FRR 39(2)(a)(i) and 'Departmental Appropriations - Current Year Appropriation Transfers' in RMG 116
Generally Section 75 transfers will relate to Administrative Arrangement Orders changes which constitute restructures of administrative arrangements under AASB 1004 and hence no designation as contributions by or to owners is required. See paragraphs 54 -59 of AASB 1004 and RMG 118.