Accounting Problems in Infrastructure Asset Valuation and Depreciation in New South Wales Local Government

2018 ◽  
Vol 30 (2) ◽  
pp. 105-115 ◽  
Author(s):  
Igor Ivannikov ◽  
Brian Dollery
Keyword(s):  
Local Government ◽  
New South ◽  
New South Wales ◽  
Asset Valuation ◽  
South Wales

The Crown land accounting dilemma in New South Wales local government

2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Igor Ivannikov ◽  
Brian Dollery ◽  
Leopold Bayerlein
Keyword(s):  
Local Government ◽  
New South ◽  
New South Wales ◽  
Critical Factor ◽  
Financial Accounting ◽  
Local Authorities ◽  
Content Type ◽  
Balance Sheets ◽  
South Wales ◽  
Practical Implications

PurposeThe paper addresses the question of whether Crown land managed by local authorities in the New South Wales (NSW) local government system should be recognised as assets on municipal balance sheets.Design/methodology/approachThe paper provides a synoptic review of the literature on accounting for public goods assets followed by a critical analysis of the official requirements of the NSW government on the recognition of Crown land.FindingsThe NSW government holds that Crown land managed by local councils should be recognised as an asset on council books. However, following an assessment of the problem through the analytical prism of financial accounting, it is argued that councils do not possess control over Crown land and that such land should thus not be recognised by councils.Research limitations/implicationsThe paper covers the legal and accounting framework applicable to NSW local government. However, it has broader implications for other local government systems with similar institutional and legislative foundations, such as other Australian states, New Zealand and South Africa, and these implications are highlighted in the paper.Practical implicationsIt is argued that NSW government policymakers should re-consider the requirement for Crown land to be recognised on councils' books. Local authorities would then be able to save money and time on external auditing, management of land asset registers and the mandatory valuation of land.Originality/valueAlthough Crown land shares some of the characteristics of other public good assets, unique accounting challenges arise due to the existence of a market in which such land could be traded not by councils, but by its legal owner (the Crown). In financial accounting, legal ownership is not considered as the main criterion over assets. However, the authors argue that for Crown land vested with councils, it becomes a critical factor in decision making.

scholarly journals Warriewood

1970 ◽  
Vol 2 (2) ◽  
pp. 66-67
Author(s):  
Virginia Macleod
Keyword(s):  
Nineteenth Century ◽  
Local Government ◽  
Fresh Water ◽  
East Coast ◽  
Aboriginal People ◽  
New South ◽  
New South Wales ◽  
Early Nineteenth Century ◽  
Southern Boundary ◽  
South Wales

Warriewood is on Sydney's northern beaches, between Mona Vale and North Narrabeen, in the Pittwater local government area.This was once a 'wet' part of the coast. Lagoons and swamps were typical of the northern beaches and east coast of New South Wales. Narrabeen Creek flows through the middle of Warriewood, and Mullet Creek marks its southern boundary. Early nineteenth-century maps mark most of the land between the south-east corner of Pittwater across to Mona Vale Beach and south, including Warriewood Valley, as swamp. The local Guringai Aboriginal people would have found these swamps rich in food supplies – fish, birds, plants and naturally fresh water.

scholarly journals A square deal? Mining costs, mining royalties and local government in New South Wales, Australia

2018 ◽  
Vol 55 ◽  
pp. 113-122 ◽  
Author(s):  
Joseph Drew ◽  
Brian Edward Dollery ◽  
Boyd Dirk Blackwell
Keyword(s):  
Local Government ◽  
New South ◽  
New South Wales ◽  
South Wales
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