Document ID: chunk:federal_register_of_legislation:F2024L00666:clause:1_6:p3
Version: federal_register_of_legislation:F2024L00666
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 3/11)
Character Range: 7190–10330

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 year must be disclosed, except where, in respect of the financial year to which these reporting guidelines are first applied, comparatives were not required under the Act or the Regulations or a superseded version of these reporting guidelines.
       (15)  Where a reporting unit acquires an asset or a liability during the financial year as a result of an amalgamation under Part 2 of Chapter 3, of the Act in which the reporting unit was the amalgamated organisation, the reporting unit must disclose in the notes to the financial statements in respect of each such asset or class of assets or each such liability or class of liabilities:
            (a)    the date acquired;
            (b)    a description; and
            (c)    the name of the organisation from which it was acquired.
Statement of comprehensive income
Revenue
       (16)  Total amounts for the following items of revenue must be disclosed, so far as applicable, either in the notes to the financial statements or on the face of the statement of comprehensive income:
            (a)    membership subscriptions (i.e. fees in respect of membership of the organisation);
            (b)    where compulsory levies or voluntary contributions (including whip arounds) are raised from the members for the furtherance of a particular purpose:
                (i)     a brief description of the purpose of each such levy or appeal; and
                (ii)     the amount;
            (c)    donations or grants (other than voluntary contributions referred to in paragraph (b)); and
            (d)    any revenue derived from undertaking recovery of wages activity.
Expense
       (17)  Total amounts for the following items of expenditure must be disclosed, so far as applicable, either in the notes to the financial statements or on the face of the statement of comprehensive income:
            (a)    amount paid to employers for making payroll deductions of membership subscriptions;
            (b)    where fees/periodic subscriptions are paid in respect of its affiliation to any political party, any federation, congress, council or group of organisations, or any international body having an interest in industrial matters:
                (i)     the amount paid to each entity; and
                (ii)     the name of each entity to which monies were paid;
            (c)    where compulsory levies have been imposed on the reporting unit by another entity, for each such levy compulsory levies have been imposed on the reporting unit by another entity, for each such levy:
                (i)     a brief description of purpose;
                (ii)     the amount; and
                (iii)     the name of the entity imposing the levy;
            (d)    where grants or donations have been expensed:
                (i)     the total amount of grants that were $1,000 or