Document ID: chunk:federal_register_of_legislation:F2024L00666:clause:1_6:p10
Version: federal_register_of_legislation:F2024L00666
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 10/11)
Character Range: 27774–30806

different period in the special circumstances set out in section 240 of the Act.

    financing activities are activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.

    general administrative expenses includes expenses in respect of the office of the reporting unit, and other expenses that arise at the reporting unit level and relate to the reporting unit as a whole.

    general fund means the equity of the reporting unit other than in relation to any fund operated by the reporting unit for a specific purpose.

    general purpose financial report required to be prepared under subsection 270(4) of the Act comprises those documents specified at paragraph 6 of these guidelines.

    grant or donation is taken to have the same meaning as used in section 149 or section 237 of the Act, though it is not limited by amount.

    investing activities are the acquisition and disposal of long-term assets and other investments not included in cash equivalents.

    liabilities are a present obligation of the reporting unit arising from past events, the settlement of which is expected to result in an outflow from the reporting unit of resources embodying economic benefits.

    membership subscriptions mean and/or include entrance fees or periodic subscriptions in respect of membership of the organisation.

    notes to the financial statements comprise notes containing information required by these reporting guidelines.

    operating activities are the principal revenue-producing activities of the entity and other activities that are not investing or financing activities.

    organisation means an organisation registered under the Act.

    other entity includes a state association, a transitionally recognised association, external entity or other controlled entity of the reporting unit.

    other comprehensive income comprises items of income and expenses (including reclassification adjustments) that are not recognised in profit and loss.  The components of other comprehensive income include:

(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 section 268(c) of the Act means:

(a)    the secretary; or
(b)   an officer (i.e. within the meaning of section 9 of the 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