New South Wales Consolidated Acts

GOVERNMENT TELECOMMUNICATIONS ACT 1991 - SECT 8

8 Compensation for vesting of infrastructure of networks of Government agencies

(1) Compensation is not payable to a Government agency for any infrastructure of a telecommunications network of the agency that is vested in the Authority under this Act.

(2) However, section 22 confers on the Government agency entitlements relating to the use of the Government telecommunications network.

(3) For the purposes of the financial accounts of the Government agency and the audit of those accounts, those entitlements may be treated by the agency as a non-capital asset equal in value to the value from time to time of the infrastructure of the Government agency vested in the Authority. The valuation of the infrastructure is taken to have been made in accordance with current accounting standards and practices.