❓ Dr. Nahan asks about the impact of AASB 16 on leases across departments, agencies, and corporations within the Premier's portfolios. The response indicates that the financial impact is still being assessed and will be disclosed in the 2019-20 Budget.
AnsweredQoN 4600Legislative Assembly
Asked
12 February 2019
Member
Portfolio
Premier; Minister for Public Sector Management; State Development, Jobs and Trade; Federal-State Relations
QuestionView source ↗
(1) For all departments, agencies and corporations within the Minister's portfolios are there any leases that are subject to AASB 16? (2) If yes to (1): (a) what is each lease; and (b) what is the value of each lease?
AnswerView source ↗
Answered
12 March 2019
Response time
6 days
(1)-(2)
Departments, agencies and corporations are currently working to identify the financial impact of AASB16 and will record leases in line with the new accounting standard for the first time as part of the 2019-20 State Budget. It is anticipated that the majority of these organisations will have one or more leases subject to a change in accounting treatment. The overall financial impact of the new lease standard will be disclosed in the 2019-20 Budget. Refer to page 29 of the 2018-19 Government Mid-year Financial Projections Statement for additional background.
Departments, agencies and corporations are currently working to identify the financial impact of AASB16 and will record leases in line with the new accounting standard for the first time as part of the 2019-20 State Budget. It is anticipated that the majority of these organisations will have one or more leases subject to a change in accounting treatment. The overall financial impact of the new lease standard will be disclosed in the 2019-20 Budget. Refer to page 29 of the 2018-19 Government Mid-year Financial Projections Statement for additional background.
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.