Document ID: chunk:federal_register_of_legislation:F2024L00666:clause:1_6:p7
Version: federal_register_of_legislation:F2024L00666
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 7/11)
Character Range: 19690–22592

The Act allows for this total expenditure to be shown in diagrammatic form however it is not compulsory to present this information in diagrammatic form and it is at the discretion of the reporting unit on how to present this information in the report.  The information is only required to be reported in one format, that is, in either a descriptive form or a diagrammatic form.
Operating report
       (27)  The General Manager considers it best practice that the operating report that is required to be prepared under section 254 of the Act:
            (a)    be signed by identified officer(s) of the reporting unit whose name(s) are clearly printed; and
            (b)    be dated by each officer who has signed the report as at the date on which the officer signs the report.

Committee of management statement
       (28)  For the purposes of paragraph 6(d) of these guidelines, the reporting unit must prepare a committee of management statement containing declarations by the committee of management in relation to the GPFR.
       (29)  The committee of management statement must include declarations by the committee of management as to whether in their opinion:
            (a)    the financial statements and notes comply with the reporting guidelines of the General Manager for the purposes of section 270 of the Act;
            (b)    the financial statements and notes give a true and fair view of the financial performance, financial position and cash flows of the reporting unit for the financial year to which they relate;
            (c)    there are reasonable grounds to believe that the reporting unit will be able to pay its debts as and when they become due and payable;
            (d)    during the financial year to which the GPFR relates and since the end of that year:
                (i)      meeting of the committee of management were held in accordance with the rules of the organisation; and
                (ii)      the financial affairs of the reporting unit have been managed in accordance with the rules of the organisation; and
                (iii)      the financial records of the reporting unit have been kept and maintained in accordance with the Act; and
                (iv)      where information has been sought in any request by a member of the reporting unit or the General Manager duly made under section 272 of the Act, that information has been provided to the member or the General Manager; and
                (v)      where any order for inspection of financial records has been made by the Fair Work Commission under section 273 of the Act, there has been compliance.
       (30)  The committee of management statement must:
            (a)    be made in accordance with such resolution as is passed by the committee of management of the reporting unit in relation to the matters requiring declaration;
            (b)    specify the date of