C1PART 1FINANCIAL ADMINISTRATION

Annotations:
Modifications etc. (not altering text)

Capital expenditure

I1I2C219“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.