Document ID: chunk:federal_register_of_legislation:F2024L00666:clause:1_6:p8
Version: federal_register_of_legislation:F2024L00666
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 8/11)
Character Range: 22307–25351

compliance.
       (30)  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 prescribed designated officer within the meaning of regulation 164(2) of the Regulations; and
            (d)    be dated as at the date the prescribed designated officer signs the statement.
Auditor's statement
       (31)  The auditor of the reporting unit, as defined under subsection 256(2) of the Act, must prepare and provide the reporting unit with a copy of the report of the auditor in relation to the inspection and audit of the financial records of the reporting unit in relation to a financial year.  The auditor's statement required under section 257 of the Act must include a declaration as to whether in the auditor's opinion the GPFR is presented fairly in accordance with the:
            (a)    requirements imposed by these reporting guidelines and Part 3 of Chapter 8 of the Act.
       (32)  The auditor's statement:
            (a)    must include a declaration that either:
                (i)     the auditor is a registered auditor; or
                (ii)     the auditor is a member of a firm where at least one member is a registered auditor; or
                (iii)     the auditor is a member of a company where at least one of whose directors, officers or employees is a registered auditor; and
            (b)    must specify the registered auditor's
                (i)      name; and
                (ii)      registration number.
       (33)  The statement must include a declaration, that as part of the audit of the financial statements, they have concluded that management's use of the going concern basis of accounting in the preparation of the reporting unit's financial statements is appropriate.
Glossary of terms
       (34)  The following terms are used in these reporting guidelines—the meaning of any term defined in the Australian Accounting Standards is not modified by the following glossary:

    amalgamated organisation has the meaning provided in section 35 of the Act.

    assets are resources controlled by a reporting unit as a result of past events and from which future economic benefits are expected to flow to the entity.

    cash means cash on hand and demand deposits.

    cash equivalent means short term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

    cash flows means inflows and outflows of cash and cash equivalents.

    comparatives mean the corresponding amounts and other disclosures for the preceding financial year presented for comparative purposes as part of the current year's financial report.

    contingent liability means:

(a) a possible obligation that arises from past events and whose existence will be