Document ID: chunk:federal_register_of_legislation:F2024L00666:clause:1_6:p2
Version: federal_register_of_legislation:F2024L00666
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 2/11)
Character Range: 4277–7470

the information presented:
            (a)    the name of the reporting unit and any change in name from the preceding reporting date;
            (b)    the reporting date or the period covered by each financial statement, as is appropriate; and
            (c)    the rounding used in the presentation of amounts in the GPFR.
       (9)    The notes to the financial statements must be presented in a systematic manner.  Each item on the face of a financial statement must be cross-referenced to any directly related information in the notes.
       (10)  The notes to the financial statements are normally presented in the following order which assists users in understanding the financial statements and comparing them with those of other reporting units:
            (a)    summary of accounting policies;
            (b)    supporting information for items presented on the face of the financial statements in the order in which each financial statement and each line item is presented; and
            (c)    other disclosures, including:
                (i)     contingencies, commitments and other financial disclosures; and
                (ii)     non-financial disclosures.
       (11)  The notes to the financial statements must disclose:
            (a)    information about the basis of preparation of the financial statements and the specific accounting policies used that are relevant to an understanding of the financial statements;
            (b)    additional information that is not presented in the financial statements and that is necessary to enable an assessment of the reporting unit's financial performance and financial position to be made;
            (c)    any contingent liabilities specifying separately that for unsecured contingent liabilities and that for contingent liabilities secured upon the assets of the reporting unit; and
            (d)    the notice required by subsection 272(5) of the Act drawing attention to subsections (1), (2) and (3) of section 272 and setting out those subsections.
       (12)  The presentation and classification of items in the GPFR must be retained from one financial year to the next unless:
            (a)    a significant change in the nature of the operations of the reporting unit requires a more relevant presentation or classification of transactions or other events; or
            (b)    a review of the presentation of the reporting unit's GPFR concludes that the change will result in a more relevant presentation or classification of transactions or other events.
       (13)  Where the reporting unit is dependent on another entity for a significant volume of revenue or financial support and that dependency is not clearly discernible from a separate line item in the statement of comprehensive income or statement of financial position, the notes to the financial statements must disclose:
            (a)    the name of the entity on which there is an economic dependency; and
            (b)    the amount of revenue or financial support derived from the other entity.
       (14)  Comparatives for the preceding financial year which correspond to the disclosures specified for the current financial