Document ID: chunk:federal_register_of_legislation:F2018L00592:body:0:p5
Version: federal_register_of_legislation:F2018L00592
Segment Type: other
Provision Reference: 
Character Range: 11424–14638

to the other reporting unit.

Liabilities
16.          Balances for the following items must be disclosed either in the notes to the financial statements or on the face of the statement of financial position, in accordance with Australian Accounting Standards:
       a)             payables to employers for making payroll deductions of membership subscriptions;
       b)             payables in respect of legal costs and other expenses related to:
           1. litigation; and
           2. other legal costs;
       c)              employee provisions in respect of holders of offices in the reporting unit by:
           1. annual leave;
           2. long service leave;
           3. separation and redundancy;
           4. other employee provisions; and
       d)             employee provisions in respect of employees (other than holders of offices) of the reporting unit by:
           1. annual leave;
           2. long service leave;
           3. separation and redundancy; and
           4. other employee provisions.

Statement of changes in equity
17.          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 account operating:
           1. in respect of compulsory levies raised or voluntary contributions collected; or
           2. 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:
           1. the name of the fund, account or controlled entity;
           2. the amount transferred or withdrawn;
       c)              where monies from a fund or account mentioned in a) above have been invested in any asset(s):
           1. the name of the fund or account from which the monies were invested; and
           2. the value of those asset(s); and
       d)             the balance of the general fund.

Statement of cash flows
18.          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:
           1. the name of the other reporting unit and/or controlled entity concerned; and
           2. the amount paid to/received from each.

Additional reporting requirements
19.          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