❓ Hon. Tjorn Sibma asks how the financial impact of the two-zone fare cap policy is recorded for accounting purposes. The Minister for Transport responds that lower fare revenue is recognised in the Public Transport Authority income statement.
AnsweredQoN 1530Legislative Council
QuestionView source ↗
PUBLIC TRANSPORT — TWO-ZONE FARE CAP
1530. Hon TJORN SIBMA to the minister representing the
Minister for Transport:
I refer to the two-zone fare cap
policy. How is the financial impact of the policy recorded for accounting
purposes? For example, is it recorded against the public transport operating
subsidy, or is it recorded in some other manner; and, if so, please elaborate?
1530. Hon TJORN SIBMA to the minister representing the
Minister for Transport:
I refer to the two-zone fare cap
policy. How is the financial impact of the policy recorded for accounting
purposes? For example, is it recorded against the public transport operating
subsidy, or is it recorded in some other manner; and, if so, please elaborate?
AnswerView source ↗
I thank the honourable member for
some notice of the question. The following answer is provided on behalf of the
Minister for Transport. Lower fare revenue is recognised in the Public
Transport Authority income statement.
some notice of the question. The following answer is provided on behalf of the
Minister for Transport. Lower fare revenue is recognised in the Public
Transport Authority income statement.
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