Document ID: chunk:federal_register_of_legislation:F2018L00591:body:0:p3
Version: federal_register_of_legislation:F2018L00591
Segment Type: other
Provision Reference: 
Character Range: 5880–8995

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.
14.          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.
15.          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were not required under the RO Act or Fair Work (Registered Organisations) Regulations 2009 (RO Regulations) or a superseded version of these reporting guidelines.
16.          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 RO 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
17.          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:
           1. a brief description of the purpose of each such levy or appeal; and
           2. the amount;
       c)              donations or grants (other than voluntary contributions referred to in subparagraph b)); and
       d)             any revenue derived from undertaking recovery of wages activity.

Expense
18.          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