when additional information is included in the notes to give a true and fair view and/or to satisfy section 16.3 as applicable, then the reasons for forming this view and the location of the additional notes in the financial statements; and the date on which the statement is made. POLICY Certification The directors may state ‘signed for and on behalf of and in accordance with a resolution of the directors’. Entities are required to disclose additional information as necessary to give a true and fair view under sections 14.2 and 14.3 of this schedule and under and . GUIDANCE Certification Signed statements referred to in sections 14.2 and are different to the certification expected from the chief executive officer of an agency under the ‘’ or the directors of an authority in the GGS under a Compliance Report. For information on ‘Certificate of Compliance’, refer to and . Departmental and Administered: Classification and Reporting Subject to section 15.4, entities must distinguish between ‘departmental’ and ‘administered’ in the financial statements for all disclosures outlined in this schedule. The financial statements of entities must present items as ‘departmental’ and ‘administered’ in accordance with Cabinet decisions on their classification. Changes must not be made to the classification of existing items without the approval of Cabinet or the Finance Minister. Reclassification of an existing item is not a change in accounting policy.
The ‘contributed superannuation’ column is prepared on a cash basis using contributed superannuation as defined in section 23.1. The ‘reportable allowances’ column is prepared on a cash basis using reportable allowances as defined in section 23.1. The ‘bonus paid’ column is prepared on a cash basis using bonus paid as defined in section 23.1. Disclosures Entities must disclose Table B in accordance with Table C: Average annual reportable remuneration paid to other highly paid staff during the reporting period Scope For the purpose of section 23.20, entities must disclose employees: where the sum of their reportable remuneration was equal to or greater than the executive remuneration Table C threshold (as specified in the Standard Parameters document); who were not deployed outside Australia during the reporting period; and who were not required to be disclosed in Table B or director disclosures. Basis of preparation The ‘reportable salary’ column is prepared on a cash basis using reportable salary as defined in section 23.1. The ‘contributed superannuation’ column is prepared on a cash basis using contributed superannuation as defined in section 23.1. The ‘reportable allowances’ column is prepared on a cash basis using reportable allowances as defined in section 23.1. The ‘bonus paid’ column is prepared on a cash basis using bonus paid as defined in section 23.1.
acquisition, preservation, management and disposal of heritage and cultural assets. For the purposes of this division, the term ‘government department’ referred to in the statement listing pertinent entities in Australian Implementation Guidance to means an entity as defined in this schedule. GUIDANCE Definition Heritage and cultural assets are defined in . As per the definition, heritage and cultural items do not include structures constructed to assist with the display, transport or storage of the asset. Examples of items not captured by the definition are backdrops, hanging apparatus, storage racks or protective cases, unless the item has such value in its own right or is an integral part of the heritage and cultural item. An example of an asset being an integral part of a heritage and cultural asset might be the original frame surrounding a painting that is classified as a heritage and cultural asset. Asset recognition criteria Not all heritage or cultural items will meet the accounting definition of assets despite having intrinsic heritage value. Only items that are useful to the entity in achieving its objectives and have a financial value that can be reliably measured are recognised as assets. Where a heritage and cultural asset is irreplaceable and has no market price, it is unlikely that its value can be reliably measured. Useful lives The AAS contemplate indefinite useful lives for some assets and non-depreciation in circumstances where assets have indefinite useful lives. In accordance with , where appropriate curatorial and preservation policies are established, heritage and cultural assets may be deemed to have an indefinite useful life, and as such, not depreciated. Entities should ensure such policies satisfy the criteria in the Implementation Guidance to and only depreciate these assets where they are determined to have a limited life.
PRIMA Forms so that it appropriately discloses the entity’s accounting policies). GUIDANCE General PRIMA Forms does not cover disclosures for the entire set of Australian Accounting Standards, AASB Interpretations or other reporting obligations (e.g. Corporations Act 2001). PRIMA Forms is only intended to cover common disclosure requirements for Commonwealth entities. Authoritative status The following PRIMA Forms are policy to this division: Not-for-Profit PRIMA Forms; and For-Profit PRIMA Forms.