Document ID: chunk:federal_register_of_legislation:F2024L00665:clause:1_6:p5
Version: federal_register_of_legislation:F2024L00665
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 5/11)
Character Range: 13280–16436

redundancy; and
                (iv)      other employee provisions.
    Statement of changes in equity
       (16)  Balances for the following items must be disclosed in the notes to the financial statements or on the face of the statement of financial position or statement of changes in equity in accordance with Australian Accounting Standards:
            (a)    each fund or accounting operating:
                (i)      in respect of compulsory levies raised or voluntary contributions collected: or
                (ii)      that is required by the rules of the organisation including the rules of a branch of the organisation;
            (b)    in respect of any transfers to and/or withdrawals from any fund or account mentioned in (a) above:
                (i)      the name of the fund, account or controlled entity;
                (ii)      the amount transferred or withdrawn;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
       (17)  Where another reporting unit and/or controlled entity of the organisation is the source of a cash inflow or the application of a cash outflow, the following details of such cash flow should be separately disclosed either in the cash flow statement or in the notes to the financial statements:
                (i)      the name of the other reporting unit and/or controlled entity concerned; and
                (ii)      the amount paid to/received from each.
    Additional reporting requirements
       (18)  Where a reporting unit's financial affairs are administered by another entity, the reporting unit must disclose in a separate note in the GPFR a detailed breakdown of all services provided and/or expenses incurred. This will include:
            (a)    the name of the entity;
            (b)    the terms and conditions of the arrangement;
            (c)    a narrative description as to the nature of the expenses and/or consultancy services provided.
         Such disclosure shall be in accordance with the disclosure requirements of the Australian Accounting Standards, the Act and these reporting guidelines.
       (19)  Any payments made during the reporting period to a former related party of the reporting unit, where the liability was incurred during the period in which a related party relationship existed, must be disclosed under the related party transaction note in the GPFR as though the related party relationship existed at the date of payment.[2]
       (20)  All activities described within items 9 – 19 of these reporting guidelines must be disclosed in the GPFR.  If any of the activities identified have not occurred in the reporting period, a statement to this effect must be included either in the financial statements, the notes or in the officer's declaration statement (see Appendix 1).
     Report required under subsection 255(2A)
       (21)  Subsection