3Financial statements for financial years ending on or after 30 June 2002 but before 30 June 2003

3 Financial statements for financial years ending on or after 30 June 2002 but before 30 June 2003

For subitem 2 (1) of Schedule 1 to the Commonwealth Authorities and Companies Act 1997, Schedule 1 sets out the requirements for the preparation of financial statements the financial year ending on 30 June 2002, or a financial year ending after that date but before 30 June 2003.

Note Schedule 1 is identical to Schedule 1 to the Financial Management and Accountability (Financial Statements 2001–2002) Orders. The purpose of having identical requirements is to achieve uniformity in financial reporting across the Commonwealth public sector which will assist in the preparation of annual financial statements in relation to the Commonwealth by the Finance Minister under section 55 of the Financial Management and Accountability Act 1997. Accordingly, certain terms, requirements and references contained in Schedule 1 to these Orders apply to Commonwealth Authorities and not to Agencies while other terms, requirements and references apply to Agencies and not to Commonwealth Authorities.