The principal accounting issues relating to PFPs are:
(a) Does the PFP fall within the scope of Accounting Standard AASB 117 Leases?
(b) Where the PFP does not fall within the scope of AASB 117, which entity, the public sector purchaser or private sector operator, should recognise the infrastructure as an asset?
(c) How should any up-front contributions made by either the purchaser or the operator be treated?
(d) How should the residual interest in the infrastructure at the end of the concession period be treated?
(e) How should any land leased by the operator from the purchaser be treated?