Reporting Stage 3: Financial Close to End of Availability PPP Contract

At financial close of the major project, the Relevant Entities will work with their Treasury Analysts to amend their TAM submissions, Capital Expenditure Authorisation Limits (CEALs) and other Budget Controls as part of the budget process (in accordance with NSWTC 12/20). The capital reallocation will involve:

■ Removal of the traditional capital expenditure profile for the major project from the relevant years resulting in reduced CEALs

■ Reallocation, resulting in an increased CEAL to coincide with when the completed asset is recognised in the accounts of the Relevant Entity to reflect the timing and value stipulated by the relevant accounting policy

In addition, Relevant Entities will provide the PPP Data Tables, as per the reporting frequency requirements of this policy, showing the impact of the Availability PPP to the budget and forward estimates.