Skip to Content

Note 22: Administered Contingent Assets and Liabilities

Administered Quantifiable Contingencies

The Schedule of Contingencies reports contingent liabilities in respect of claims for damages/costs of nil (2012: nil). A small number of claims for damages were outstanding at 30 June 2013. The possible losses relating to these claims have been insured by Comcare or are provided for in the Military Compensation provision (Note 20).

Administered Unquantifiable Contingencies and Administered Significant Remote Contingencies

As at 30 June 2013 DVA had a number of legal claims against it that DVA is defending which could give rise to gains or losses. It is not possible to estimate the amounts of any eventual payments that may be required in relation to these claims.

Notes to and forming part of the financial statements

Average: 1 (3 votes)