PART 1FINANCIAL ADMINISTRATION
Capital expenditure
I119“Capital expenditure”
1
Subject to subsections (2) and (3), references in this Part to capital expenditure, in relation to a council, are to expenditure of the council which falls to be capitalised in accordance with proper practices.
2
Regulations may provide that expenditure of councils shall be treated for the purposes of this Part as being, or as not being, capital expenditure.
3
The Department may by direction provide that expenditure of a particular council shall be treated for the purposes of this Part as being, or as not being, capital expenditure.