Go to top of page
Note 2.4A: Provision for make good obligations
As at 1 July 2019
Revaluation or change in discount rate
Unwinding of discount
Total as at 30 June 2020
The DTA has entered two lease arrangements (one under a Memorandum of Understanding agreement) for the leasing of premises. These arrangements have provisions requiring the DTA to restore the premises to the original condition at the conclusion of the lease.
Provisions for the restoration of leased premises (make good) are based on future obligations relating to the underlying assets. The provision is disclosed at the present value of the obligation utilising the appropriate Government bond rate.