Document ID: chunk:federal_register_of_legislation:F2024L00666:clause:1_6:p6
Version: federal_register_of_legislation:F2024L00666
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 6/11)
Character Range: 16476–19915

so far as applicable, either in the notes to the financial statements or on the face of the statement of financial position:
            (a)    each fund or account operating:
                (i)     in respect of compulsory levies raised by the reporting unit or voluntary contributions collected from members of the reporting unit; or
                (ii)     that is required by the rules of the organisation;
            (b)    in respect of any transfer to and/or withdrawals from any fund or account mentioned in (a) above:
                (i)     the name of the fund or account;
                (ii)     the amount transferred or withdrawn;
            (c)    where monies from a fund or account mentioned in (a) above have been invested in any asset(s):
                (i)     the name of the fund or account from which the monies were invested; and
                (ii)     the value of those asset(s); and
            (d)    the balance of the general fund.
Statement of cash flows
       (22)  The statement of cash flows shall report cash inflows and cash outflows during the reporting period classified by operating, investing and financing activities.  Total amounts of cash flows for the following items must be disclosed, so far as applicable, on the face of the statement of cash flows:
     Operating activities
         (a)    cash receipts from:
                (i)      membership subscriptions;
                (ii)      sale of goods and rendering of services;
                (iii)      interest; and
                (iv)      other
         (b)    cash payments to:
                (i)     suppliers for goods and services;
                (ii)     employees; and
                (iii)     other
    Investing activities
         (c)    cash receipts from:
                (i)      sale of assets; and
                (ii)      other
         (d)    cash payments to:
                (i)      purchase assets; and
                (ii)      other

    Financing activities
         (e)    cash receipts from:
                (i)      borrowings; and
                (ii)      other
         (f)     cash payments to:
                (i)      repay borrowings; and
                (ii)      other
       (23)  The reporting unit shall report cash flows from operating, investing and financing activities on a direct method, that is, all major classes of gross cash receipts and gross cash payments are disclosed.
       (24)  The reporting unit shall disclose the components of cash and cash equivalents and shall present a reconciliation of the amounts in its statement of cash flows with the equivalent items in the statement of financial position.
Report required under subsection 255(2A)
       (25)  Subsection 255(2A) of the Act requires a reporting unit to prepare a separate report that shows the total expenditure incurred by the reporting unit during the financial year in relation to each of the following:
            (a)    remuneration, and other employment-related costs and expenses, in respect of employees;
            (b)    advertising;
            (c)    operating costs;
            (d)    donations to political parties;
            (e)    legal costs.
       (26)  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