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Public Governance, Performance and Accountability (Financial Reporting) Rule 2015
21Heritage and cultural assets
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21 Heritage and cultural assets
(1) Only assets that are primarily used for purposes that relate to their cultural, environmental or historical significance can be accounted for as heritage and cultural assets. (2) Heritage and cultural items must only be recognised as assets where they meet the asset definition and recognition criteria set out in AASB 116 Property, Plant and Equipment or AASB 138 Intangible Assets.