12.  Accounting treatment

The accounting treatment within government will depend on the nature of the PPP arrangement. The onus is on government agencies to assess the likely accounting treatment. DTF must be consulted on accounting issues and kept informed as to the likely balance sheet status of PPP projects.

Early consultation with the Auditor-General's Office on PPP accounting is also desirable in order to ensure that the correct accounting framework and any relevant accounting standards are considered and applied appropriately.