|Contingent liabilities Balance from previous period||24,608||22,460||24,608||22,460|
|New contingent liabilities recognised||-||-||-||-|
|Total contingent liabilities||23,542||24,608||23,542||24,608|
|Net contingent liabilities||23,542||24,608||23,542||24,608|
Departmental Quantifiable Contingencies
The Schedule of Contingencies reports contingent liabilities in respect of claims for damages/costs of nil (2012: nil).
DVA has no contingent assets (2012: nil).
The indemnity of $23,542,000 (2012: $24,608,000) in the Schedule of Contingencies represents the net assets of Defence Service Homes Insurance Scheme being an indemnity offered to policy holders by the Australian Government under the Defence Service Homes Act 1918.
Departmental Unquantifiable Contingencies
As at 30 June 2013, DVA has no unquantifiable contingencies (2012: nil).
Departmental Significant Remote Contingencies
As at 30 June 2013, DVA has no remote contingencies (2012: nil).