Note 3.1: Revenue from Government
2020 | 2019 | |
$’000 | $’000 | |
Department of Infrastructure, Transport, Regional Development and Communications | ||
Corporate Commonwealth entity payment | 54,517 | 54,657 |
Total revenue from the Government | 54,517 | 54,657 |
Accounting Policy
Revenue from Government
Funding received or receivable from the Department of Infrastructure, Transport, Regional Development and Communications (appropriated to the Department as a Corporate Commonwealth Entity payment item for the payment to the NLA) is recognised as Revenue from Government, unless the funding is in the nature of an equity injection. Grants received from Government entities are included in Other Revenue, Note 1.2B.
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