that revealed the state-owned Transport Asset Holding Entity was set up to inflate the NSW budget by billions of dollars.
Ms Crawford last year delayed the audit, citing “significant accounting issues” with TAHE, recently the subject of a parliamentary inquiry and two separate probes by the Auditor-General.“We are not in a position to sign the audit,” Ms Crawford said in November. “The matters are very complex and there are a lot of discussions going on around these matters.“
At the centre of the Auditor-General’s concerns was whether TAHE would ever earn a real profit as well as the writedown of the assets. Under accounting rules, TAHE has to show it is truly independent and will turn a profit. The state government in December was forced to inject an extra $1.1 billion over the next three years into the state’s rail operators to help fund a massive rise in access feesTreasurer Matt Kean said the sign-off of the accounts demonstrated the NSW financial accounts are “a true and accurate reflection of the financial position of the state”, in accordance with relevant accounting standards.
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LucyCormack The fix is in!
LucyCormack NSW the CORRUPTION State
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