Document ID: chunk:federal_register_of_legislation:F2023C01018:reg:6:p13
Version: federal_register_of_legislation:F2023C01018
Segment Type: reg
Provision Reference: reg 6 (pt 13/15)
Character Range: 62668–65667

parties and responsible entities outside Australia.
Note: A responsible entity of a registered entity must also disclose all material conflicts of interest as one of their duties under governance standard 5—see section 45.25.

50.35  Standard 4—Protection of vulnerable individuals

Object
 (1) The object of this external conduct standard is to ensure that when a registered entity to which the standard applies operates outside Australia, it operates in a manner that minimises the risk to vulnerable individuals of exploitation or abuse.

Application
 (2) This standard applies to a registered entity that is:
 (a) operating outside Australia; or
 (b) working with third parties that are operating outside Australia.

Standard
 (3) The registered entity must take reasonable steps to ensure the safety of vulnerable individuals outside Australia to the extent that those individuals are being provided with services, or accessing benefits, under programs provided by:
 (a) the registered entity; or
 (b) a third party in collaboration with the registered entity.
 (4) The registered entity must take reasonable steps to ensure the safety of vulnerable individuals outside Australia to the extent that those individuals are engaged by:
 (a) the registered entity; or
 (b) a third party in collaboration with the registered entity;
to provide services or benefits on behalf of the registered entity or the third party.

Division 60—Requirements for annual financial reports

Subdivision 60‑A—Purpose of Division 60

60.1  Purpose of this Division
  For the purposes of subsection 60‑15(1) of the Act, Subdivisions 60‑B and 60‑C of this Division prescribe requirements for annual financial reports.

Subdivision 60‑B—Requirements for annual financial reports (core rules)

60.5  Contents of annual financial report
  A registered entity's financial report for a financial year consists of:
 (a) the registered entity's financial statements for the year (see section 60.10 of this instrument); and
 (b) the notes to the financial statements (see section 60.10 of this instrument); and
 (c) the responsible entities' declaration about the statements and notes (see section 60.15 of this instrument).

60.10  Financial statements and notes
 (1) The financial statements for the financial year are the financial statements in relation to the registered entity that are required to be prepared by the accounting standards.
 (2) The notes to the financial statements are:
 (a) notes required by the accounting standards; and
 (b) any other information necessary to give a true and fair view of the financial position and performance of the registered entity.
 (3) The financial statements and notes:
 (a) must give a true and fair view of the financial position and performance of the registered entity; and
 (b) subject to Subdivision 60‑C, must comply with the accounting standards.
Note 1: The accounting standards set out the test for whether a registered entity will need to prepare a general purpose