4 REFERENCES

Accounting Standard AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors

Accounting Standard AASB 116 Property, Plant and Equipment

Accounting Standard AASB 117 Leases

Accounting Standard AASB 118 Revenue

Accounting Standard AASB 138 Intangible Assets

Australian Accounting Standard AAS 29 Financial Reporting by Government Departments

Additional Guidance on the Application of FRS 5: Methods to Determine Control of Infrastructure Assets Used in the Australian Public Sector and Recognition of Emerging Assets, Up-Front Contributions and Leased Land, Heads of Treasuries, June 2005 (Available on the NSW Treasury website together with this paper.)

Technical Note No 1 How to Account for PFI Transactions, United Kingdom Treasury Task Force. (Available at www.hm-treasury.gov.uk/media/D75/C6/PPP_TTF_Technote1.pdf Available on the NSW Treasury website together with this paper.)

UIG Interpretation 4 Determining whether an Arrangement contains a Lease

UIG Interpretation 115 Operating Leases - Incentives

UIG Interpretation 127 Evaluating the Substance of Transactions Involving the Legal Form of a Lease

United Kingdom Financial Reporting Standard FRS 5 Reporting the Substance of Transactions including Application Note F Private Finance Initiative and Similar Contracts (Available at www.frc.org.uk/asb/technical/standards/pub0100.html and reproduced as Appendix 1 to this policy).