[Tracey Walker]

Hi All,

I have a question that has been asked of me in relation to s611 charges for gas pipelines with Jemena.

Around May every year we write to Jemena and request the tariffs for billing, every year its the same we need to chase them as we have had no response.

My question is what are others doing, do you process an accrual journal for an estimated amount for the financial statements or something else?

Regards
Tracey

[Andrew Butcher]

Hi Tracey
We experience the same issue and raise a sundry debtor as an estimate equal to the budget amount.
If the assessment is different once received in the new financial year we make an adjustment in debtors. We have made prior year GL adjustments in the past but only if the difference is material.
Hope this is helpful.
Regards,
Andrew

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