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GOVERNMENT TELECOMMUNICATIONS ACT 2018 - SECT 32
Compensation for infrastructure subject to transfer order
32 Compensation for infrastructure subject to transfer order
(1) Compensation is not payable to a government sector agency for any
infrastructure of a telecommunications network of the agency that is
transferred to the Authority under this Division.
(2) For the purposes of the
financial accounts of the government sector agency and the audit of the
accounts, any rights that the agency retains under section 31 may be treated
by the agency as a non-capital asset equal in value to the value from time to
time of the infrastructure transferred to the Authority. The valuation of the
infrastructure is taken to have been made in accordance with current
accounting standards and practices.
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