System of Accounting Receipts and Disbursement of Moneys Regulations


11/Nov/1998 - Current (at 31 Dec 2005)
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    26. Proceeds of sale of fixed capital assets

    The proceeds of the sale of any Fixed Capital Assets of a Trading Concern shall be applied, in the books of the Trading Concern, in reduction of the capital, and in the books of the Treasury shall be credited to Government Property Sales Fund, and Interest and Sinking Fund contributions shall cease to be charged against the Trading Concern thereafter.



Note: This is not an authorised version. The only authorised version is the hardcopy (printed) version published under authority of the Government Printer, available from the State Law Publisher, 10 William St Perth W.A. 6000.