Document ID: chunk:federal_register_of_legislation:F2024L00665:clause:1_6:p2
Version: federal_register_of_legislation:F2024L00665
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 2/11)
Character Range: 4128–7212

required by subsection 272(5) of the Act drawing attention to subsections (1), (2) and (3) of section 272 and setting out those subsections.
       (9)    Where a reporting unit's ability to continue as a going concern is reliant on the agreed financial support of another reporting unit(s) this must be disclosed in the notes to the financial statements. The reporting unit must disclose:
            (a)    the name of the reporting unit(s) from which the agreed financial support is derived; and
            (b)    the terms and conditions attached to this agreed financial support.
       (10)  Where a reporting unit has agreed to provide financial support to ensure another reporting unit(s) has the ability to continue as a going concern this must be disclosed in the notes to the financial statements. The reporting unit must disclose:
            (a)    the name of the reporting unit(s) to which the agreed financial support is directed;
            (b)    the terms and conditions attached to this financial support.
       (11)  Where a reporting unit acquires an asset or a liability during the financial year as a result of:
            (a)    an amalgamation under Part 2 of Chapter 3, of the Act in which the organisation (of which the reporting unit forms part) was the amalgamated organisation; or
            (b)    a restructure of the branches of the organisation; or
            (c)    a determination by the General Manager under subsection 245(1) of the Act of an alternative reporting structure for the organisation; or
            (d)    a revocation by the General Manager under subsection 249(1) of the Act of a certificate issued to an organisation under subsection 245(1),
         the reporting unit must disclose in the notes to the financial statements in respect of each such asset or class of assets or each such liability or class of liabilities:
            (e)    the date acquired;
            (f)     a description; and
            (g)    the name of the entity (including a reporting unit of the organisation or that of another organisation) from which it was acquired.
  Statement of comprehensive income
  Revenue
       (12)  Total amounts for the following items of revenue must be disclosed either in the notes to the financial statements or on the face of the statement of comprehensive income, in accordance with Australian Accounting Standards:
            (a)    membership subscriptions (i.e. fees in respect of membership of the organisation);
            (b)    where the reporting unit receives capitation fees (or equivalent terminology referred to in the organisations rules e.g. sustentation fees) or any other revenue amount from another reporting unit:
                (i)      the description of each item of revenue;
                (ii)      the amount from each reporting unit; and
                (iii)      the name of each such reporting unit;
               Note: when a disclosure under this item overlaps with the requirements of AASB 124 Related Party Disclosures this information only needs to be included once in