Northern Territory Consolidated Regulations

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GOVERNMENT OWNED CORPORATIONS (POWER CORPORATIONS RESTRUCTURE) REGULATIONS 2015 - REG 7

Accounting matters

    (1)     If a value is ascribed to a transferred asset in the Register, the value of the asset as at 30 June 2015 is that value.

    (2)     If the Register provides for the manner in which a transferred asset is to be dealt with in the accounts of the transferee or transferor of the asset, the transferee or transferor must deal with the asset in its accounts in that manner.



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