38 Annual Report
18 Commitments
2009
2008
a ctual
a ctual
$
$
Capital expenditure commitments
0
0
2009
2008
a ctual
a ctual
$
$
Non-cancellable lease on office accommodation
Not later than one year
498,950
498,950
Later than one year and not later than five years
1,995,800
1,995,800
Later than five years
1,912,643
2,411,593
Total
4,407,393
4,906,343
2009
2008
a ctual
a ctual
$
$
Contract for the supply of library information
Not later than one year
148,065
141,692
Later than one year and not later than five years
59,401
111,023
Total contract for the supply of library information
207,466
252,715
19 Related party transactions and key personnel
remuneration
Related party transactions
The Law Commission is an independent crown entity. The government
significantly influences the role of the Law Commission in addition to
being its major source of revenue.
Any transactions that the Law Commission enters into with government
departments, state-owned enterprises and other crown entities occur
within a normal supplier or client relationship on terms and conditions
no more or less favourable than those which it is reasonable to expect
the Law Commission would have adopted if dealing with that entity at
arms length. Therefore they are not considered related party transactions.