Document ID: chunk:federal_register_of_legislation:F2018L00591:body:0:p11
Version: federal_register_of_legislation:F2018L00591
Segment Type: other
Provision Reference: 
Character Range: 28428–31244

a)    changes in revaluation surplus;
b)    re-measurements of defined benefit plans
c)    gains and losses on remeasuring available-for-sale financial assets; and
d)    the effective portion of gains and losses on hedging instruments in a cash flow hedge.
payables are amounts owed by the reporting unit to other entities for goods or services delivered.
prepayments are payments made by the reporting unit in advance of the financial year to which they pertain.
prescribed designated officer for the purposes of paragraph 268(c) of the RO Act means:
       a) the secretary; or

       b) an officer (i.e. within the meaning of section 9 of the RO Act) of the organisation (or reporting unit) other than the secretary who is authorised by the organisation or by the rules of the organisation to sign the certificate.

profit or loss is the total of income less expenses, excluding the components of other comprehensive income.
receivables are amounts owed to the reporting unit by other entities (including members of the reporting unit) for goods or services delivered (including membership subscriptions).
recovery of wages activity means work by the organisation to recover from employer's money due and payable to workers under awards, industrial instruments as prescribed in the Fair Work Act 2009 and contracts of employment.
registered auditor means a person who is registered as an auditor under subsection 255B(2) or (3) of the RO Act.
RO Act means the Fair Work (Registered Organisations) Act 2009.
RO Regulations means the Fair Work (Registered Organisations) Regulations 2009.
reporting unit has the meaning set out in section 242 of the RO Act.
revenue means the gross inflows of economic benefits during the period arising in the course of ordinary activities of an entity when those inflows result in increases in equity, other than increases relating to contributions from equity participants.
rules of an organisation are the rules that an organisation must have under Chapter 5, Part 2 of the RO Act.
significant influence the power to participate in the financial and operating policy decisions of the entity but is not control or joint control of those policies.
total comprehensive income is the change in equity during a period resulting from transactions and other events.  It comprises all components of 'profit or loss' and of 'other comprehensive income'.
whip around means the collection of monies, whether on one or more occasions and whether voluntary or compulsory, by an officer or member of the reporting unit for the purpose of providing financial support to member(s) of the reporting unit and/or assisting the reporting unit to carry out the registered organisation's objects as set out in its rules.

Registered Organisations Commissioner

[1] Civil penalty provisions apply.