Document ID: chunk:federal_register_of_legislation:F2018L00592:body:0:p7
Version: federal_register_of_legislation:F2018L00592
Segment Type: other
Provision Reference: 
Character Range: 17100–20029

Accounting Standards;
       b)             the financial statements and notes comply with the reporting guidelines of the Commissioner;
       c)              the financial statements and notes give a true and fair view of the financial performance, financial position and cash flows of the reporting unit for the financial year to which they relate;
       d)             there are reasonable grounds to believe that the reporting unit will be able to pay its debts as and when they become due and payable;
       e)             during the financial year to which the GPFR relates and since the end of that year:
           1. meetings of the committee of management were held in accordance with the rules of the organisation including the rules of a branch concerned; and
           2. the financial affairs of the reporting unit have been managed in accordance with the rules of the organisation including the rules of a branch concerned; and
           3. the financial records of the reporting unit have been kept and maintained in accordance with the RO Act; and
           4. where the organisation consists of two or more reporting units, the financial records of the reporting unit have been kept, as far as practicable, in a manner consistent with each of the other reporting units of the organisation; and
           5. where information has been sought in any request by a member of the reporting unit or the Commissioner duly made under section 272 of the RO Act, that information has been provided to the member or the Commissioner; and
           6. where any order for inspection of financial records has been made by the Fair Work Commission under section 273 of the RO Act, there has been compliance.
    1. The committee of management statement must:
       a)             be made in accordance with such resolution as is passed by the committee of management of the reporting unit in relation to the matters requiring declaration;
       b)             specify the date of passage of the resolution;
       c)              be signed by a designated officer within the meaning of section 243 of the RO Act; and
       d)             be dated as at the date the designated officer signs the statement.

Auditor's statement
28.          The auditor's statement required under section 257(5) of the RO Act must include a declaration as to whether in the auditor's opinion the GPFR is presented fairly in accordance with the following:
       a)             the Australian Accounting Standards; and
       b)             any other requirements imposed by these Reporting Guidelines or Part 3 of Chapter 8 of the RO Act.
29.          The auditor's statement:
       a)             must include a declaration that either:
           1. the auditor is a registered auditor; or
           2. the auditor is a member of a firm where at least one member is a registered auditor; or
           3. the auditor is a member