Document ID: chunk:federal_register_of_legislation:F2025C00077:reg:17j
Version: federal_register_of_legislation:F2025C00077
Segment Type: reg
Provision Reference: reg 17J
Character Range: 112036–114093

17J  Reporting in relation to transferred functions

Application of section
 (1) This section applies if a function or functions of a Commonwealth entity (the old entity) have been transferred to another Commonwealth entity (the new entity) (whether or not the old entity has ceased to exist).

Meaning of reporting entity
 (2) The reporting entity is:
 (a) the Commonwealth entity nominated under subsection (3); or
 (b) if no Commonwealth entity is nominated under subsection (3)—the new entity.
 (3) The Finance Minister may, in writing, nominate the accountable authority of a Commonwealth entity to report in relation to the transferred functions.

Annual performance statements
 (4) The information about the old entity's performance of the transferred function or functions that would, apart from this Division, have been required to have been included in the annual performance statements for the old entity must instead be included in the annual performance statements for the reporting entity.

Annual financial statements
 (5) If:
 (a) the old entity has ceased to exist; or
 (b) all of the functions of the old entity have been transferred to one or more other Commonwealth entities;
then, for the purposes of preparing the annual financial statements for the reporting entity, the old entity is taken to have been part of the reporting entity at all times during the relevant reporting period, to the extent that the functions of the old entity have been transferred to the new entity.
Note If subsection (5) does not apply, the ordinary requirements in relation to the preparation of annual financial statements apply in relation to the annual financial statements for the old entity and the reporting entity, subject to Subdivision B.

Annual report
 (6) The information relating to the transferred function or functions that would, apart from this Division, have been required to have been included in the annual report for the old entity must instead be included in the annual report for the reporting entity.

Subdivision D—Miscellaneous