54AAFinancial reporting requirements for large child care providers

#### 54AA Financial reporting requirements for large child care providers Financial information to be provided (1) For the purposes of paragraph 203BA(2)(b) of the Family Assistance Administration Act, a report under subsection 203BA(1) of that Act must include the following financial information: (a) a statement of financial position; (b) a statement of comprehensive income; (c) a statement of changes in equity; (d) a statement of cash flows; (e) details of rental arrangements for each child care service in respect of which the approved provider is approved; (f) the amount of rent paid for each child care service in respect of which the approved provider is approved; (g) if a Director’s report is produced, the Director’s report; (h) if an Auditor’s report is produced, the Auditor’s report; (i) information necessary for assessing whether the provider is and will remain financially viable; > Note: Example: Information on the provider’s ability to meet all liabilities payable, debt guarantees from parent entities, movement in holdings of the provider’s child care services, impacts of events outside the provider’s control, other forms of business support available to the provider, changes in operating environment, and strategies the provider has implemented to maintain or improve its financial position. (j) any other information necessary to assist in the understanding of the financial information listed in paragraphs (a) to (i). Period to which the financial information relates (2) For the purposes of subparagraph 203BA(2)(b)(ii) of the Family Assistance Administration Act, the following periods are prescribed: (a) for large child care providers that produce annual financial reports for the financial year—the financial year; and (b) for large child care providers that produce annual financial reports for the calendar year—the calendar year. Period within which financial information is to be provided For the purposes of subparagraph 203BA(2)(c)(ii) of the Family Assistance Administration Act, the period of 4 months after the end of the period that allies under paragraph 203BA(2)(b) of that Act is prescribed.