Queensland Subordinate Legislation as Made

FINANCIAL AND PERFORMANCE MANAGEMENT STANDARD 2019 - REG 17

17 Other losses

(1) This section applies if a department’s accountable officer or a statutory body becomes aware of a material loss of the department’s or statutory body’s property, other than a loss in relation to which section 16 (1) applies.

(2) The accountable officer or statutory body must keep a record of the following details about the material loss—

(a) a description of the property, including its value;

(b) the reason for the loss;

(c) an action taken in relation to the loss, including, for example, action taken to obtain reimbursement;

(d) details of an approval for writing off the loss.