Government entities are classified based on the extent to which their financial information has a material impact on the whole-of-government financial statements. The breakdown is determined by aggregating the total income, expenses, assets and liabilities of all entities. Entities whose total falls within the top 99 per cent of the total general government sector are classified as 'material' entities. Exceptions apply to entities that are considered material in nature, such as departments of state.
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18/12/2024
