Document ID: chunk:federal_register_of_legislation:C2004C01296:clause:1_44:p1
Version: federal_register_of_legislation:C2004C01296
Segment Type: clause
Provision Reference: sch 1 cl 44 (pt 1/2)
Character Range: 35943–38665

44  Accounts and audit—application of Part 3 of Chapter 8 of RAO Schedule

(1) Part 3 of Chapter 8 of the RAO Schedule (except sections 242, 243, 244, 245, 246, 247, 249 and 251 and Subdivision B of Division 3) applies to each financial year of an organisation that starts on or after the commencement of the reporting guidelines.

(2) Subdivision B of Division 3 of Part 3 of Chapter 8 applies from commencement.

(3) Sections 242, 243, 244, 245, 246, 247, 249 and 251 of the RAO Schedule apply in relation to an organisation after commencement.

(4) If, because of subitem (3), a certificate is issued in relation to an organisation under section 245 of the RAO Schedule during the transition period, section 248 of the RAO Schedule has effect in relation to that certificate as if paragraph (a) were omitted and the following paragraph were substituted:
 (a) the first financial year of the organisation concerned that starts after the commencement of the reporting guidelines; and

(5) If, because of subitem (3), an alteration to the rules under section 246 of the RAO Schedule is certified in relation to a reporting unit during the transition period, section 250 of the RAO Schedule has effect in relation to that alteration as if subsection (1) were omitted and the following subsection were substituted:

 (1) An alteration to rules under section 246 takes effect at the beginning of the first financial year of the organisation concerned that starts after commencement of the reporting guidelines.

(6) If, because of subitem (3), an alteration to rules under section 247 of the RAO Schedule is determined in relation to a reporting unit during the transition period, section 250 of the RAO Schedule has effect in relation to that alteration as if subsection (1) were omitted and the following subsection were substituted:

 (1) An alteration to rules of an organisation under section 247 takes effect at the beginning of the first financial year of the organisation concerned that starts after commencement of the reporting guidelines.

(7) If, because of subitem (3), an alteration to rules under section 249 of the RAO Schedule is certified in relation to a reporting unit during the transition period, section 250 of the RAO Schedule has effect in relation to that alteration as if subsection (1) were omitted and the following subsection were substituted:

 (1) An alteration to rules under section 249 takes effect immediately after the certificate concerned takes effect.

(8) This item has effect subject to item 46.

(9) In this item:
transition period, in relation to an organisation, means the period from commencement to the beginning of the first financial year of the organisation that starts on or