contingent liability is unquantifiable but reportable as is deemed to be above the materiality threshold. Finance The Territory financial management framework is underpinned by the centralised banking arrangements. The sole provider of banking-related services has been granted indemnities under the whole of government banking contract. The contingent liability resulting from the indemnities is unquantifiable and not reportable. Contingent Assets Treasury had no contingent assets as at 30 June 2015 or 30 June 2014. Subsequent to Balance Date No events have arisen between the end of the financial year and the date of this report that require adjustment to, or disclosure in these financial statements. Postponements, Waivers, Gifts and Ex Gratia Payments Agency Territory No. of No. of No. of No. of 2015 Trans. 2014 Trans. 2015 Trans. 2014 Trans. $000 $000 $000 $000 Write-offs, postponements and waivers under 0 1 0 0 3 107 22 801 4 the FMA Represented by: Amounts written off, postponed and waived by delegates Irrecoverable amounts payable to the Territory 1 406 18 or an agency written off Losses or deficiencies of money written off Public property written off 0 1 Waiver or postponement of right to receive or recover money or property Total written off, postponed and waived by 0 1 0 0 1 406 18 0 0 delegates Amounts written off, postponed and waived by the Treasurer Irrecoverable amounts payable to the Territory or an agency written off Losses or deficiencies of money written off Public property written off Waiver or postponement of to receive or 1 700 4 801 4 recover money or property Total written off, postponed and waived by 0 0 0 0 1 700 4 801 4 the Treasurer Write-offs, postponements and waivers 0 0 0 0 authorised under other legislation Gifts under the FMA 0 0 0 0 authorised under other legislation 0 0 0 0 Ex gratia payments the FMA 0 0 0 0 121 5 166 5
contingent liability is unquantifiable but reportable as is deemed to be above the materiality threshold. Finance The Territory financial management framework is underpinned by the centralised banking arrangements. The sole provider of banking-related services has been granted indemnities under the whole of government banking contract. The contingent liability resulting from the indemnities is unquantifiable and not reportable. Contingent Assets Treasury had no contingent assets as at 30 June 2015 or 30 June 2014. Subsequent to Balance Date No events have arisen between the end of the financial year and the date of this report that require adjustment to, or disclosure in these financial statements. Postponements, Waivers, Gifts and Ex Gratia Payments Agency Territory 2015 No. of Trans. 2014 No. of Trans. 2015 No. of Trans. 2014 No. of Trans. $000 $000 $000 $000 Write-offs, postponements and waivers under the FMA 0 1 0 0 3 107 22 801 4 Represented by: Amounts written off, postponed and waived by delegates Irrecoverable amounts payable to the Territory or an agency written off 1 406 18 Losses or deficiencies of money written off Public property written off 0 1 Waiver or postponement of right to receive or recover money or property Total written off, postponed and waived by delegates 0 1 0 0 1 406 18 0 0 Amounts written off, postponed and waived by the Treasurer Irrecoverable amounts payable to the Territory or an agency written off Losses or deficiencies of money written off Public property written off Waiver or postponement of to receive or recover money or property 1 700 4 801 4 Total written off, postponed and waived by the Treasurer 0 0 0 0 1 700 4 801 4 Write-offs, postponements and waivers authorised under other legislation 0 0 0 0 Gifts under the FMA 0 0 0 0 authorised under other legislation 0 0 0 0 Ex gratia payments the FMA 0 0 0 0 121 5 166 5