Appendix 1 Quick Factsheet: Transfers of assets and liabilities arising from machinery of government changes FRD 119A Transfers through contributed capital deems transfers arising from machinery of government (MoG) changes as contributions by owners or distributions to owners through contributed capital. The following table provides a quick factsheet to demonstrate the transfer scenarios for MoG changes, outlining the requirements for evidence of government decision required, and the timing of transfer. Transfers through Transfer scenario Evidence of Date of Date of transfer contributed capital government government decision required decision made Transfers arising Scenario 1: For transfers between portfolio entities of two departments, the assets and Administrative On the date The transfer is from MoG changes liabilities should be transferred through the administered entities of the respective Order when the Order deemed to occur on (e.g. reallocation of a portfolio departments, before being transferred to another portfolio entity. is signed. the date of gazettal business, including or publication unless Transfer path for Scenario 1: functions/programs) the order or a Entity A Department A (administered entity) subsequent order Department B (administered entity) Entity B specifies a separate effective date, in Scenario 2: For transfers from a portfolio entity to a department, the assets and liabilities which case the should be returned to the administered entity of the department first, before being transfer is deemed to transferred to the controlled entity of the department. occur on the later Transfer path for Scenario 2: date. Entity A Department A (administered entity) Department A (controlled entity) Scenario 3: For a department that transfers its assets and liabilities to another department, the assets and liabilities should be transferred through the respective administered entities of the departments, before being transferred into the controlled entity of the receiving department. Transfer path for Scenario 3: Department A (controlled entity) Department A (administered entity) Department B (administered entity) Department B (controlled entity)
Appendix 1 Quick Factsheet: Transfers of assets and liabilities arising from machinery of government changes FRD 119A Transfers through contributed capital deems transfers arising from machinery of government (MoG) changes as contributions by owners or distributions to owners through contributed capital. The following table provides a quick factsheet to demonstrate the transfer scenarios for MoG changes, outlining the requirements for evidence of government decision required, and the timing of transfer. Transfers through contributed capital Transfer scenario Evidence of government decision required Date of government decision made Date of transfer Transfers arising from MoG changes (e.g. reallocation of a business, including functions/programs) Scenario 1: For transfers between portfolio entities of two departments, the assets and liabilities should be transferred through the administered entities of the respective portfolio departments, before being transferred to another portfolio entity. Transfer path for Scenario 1: Entity A Department A (administered entity) Department B (administered entity) Entity B Administrative Order On the date when the Order is signed. The transfer is deemed to occur on the date of gazettal or publication unless the order or a subsequent order specifies a separate effective date, in which case the transfer is deemed to occur on the later date. Scenario 2: For transfers from a portfolio entity to a department, the assets and liabilities should be returned to the administered entity of the department first, before being transferred to the controlled entity of the department. Transfer path for Scenario 2: Entity A Department A (administered entity) Department A (controlled entity) Scenario 3: For a department that transfers its assets and liabilities to another department, the assets and liabilities should be transferred through the respective administered entities of the departments, before being transferred into the controlled entity of the receiving department. Transfer path for Scenario 3: Department A (controlled entity) Department A (administered entity) Department B (administered entity) Department B (controlled entity)