Document ID: chunk:federal_register_of_legislation:F2018L00592:body:0:p10
Version: federal_register_of_legislation:F2018L00592
Segment Type: other
Provision Reference: 
Character Range: 25077–28076

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 required by Australian Accounting Standards and information required by the reporting guidelines (paragraph 253(2)(b) of the RO Act).
    organisation means an organisation registered under the RO Act.
    other entity includes another reporting unit, state association, a transitionally recognised association, external entity or other controlled entity of the reporting unit.
    payables are amounts owed by the reporting unit to other entities for goods or services delivered.
    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.
    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.
    related party has the meaning set out as per the Australian Accounting Standards.
    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.
    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

Appendix 1

OFFICER DECLARATION STATEMENT
I, [NAME], being the [OFFICE] of the [ORGANISATION/BRANCH], declare that the following activities did not occur during the