12. Contingent Asset
In February 2018 the Company paid a Construction Industry Training Board (CITB) levy of $962,500 relating to the OSDP and a further $301,388 for the ONDP in May 2019. The Company has recently been notified by the CITB that these levies may be eligible for a refund due to construction having taken place on Commonwealth land. The Company is yet to receive formal notification of the refund and has therefore not adjusted the accounts at 30 June 2020. The adjustment, had it been passed, would be an increase (debit) to sundry debtors and a decrease (credit) to construction in progress of $1.264 million.