Workplace Relations Act 1996 - Determination of reporting guidelines for the purposes of section 270 of RAO Schedule (12/10/2004)
Purpose of Reporting GuidelinesPurpose of Reporting Guidelines
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Purpose of Reporting Guidelines
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These reporting guidelines apply for purposes of section 270 of the RAO Schedule.
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Under subsection 270(4) of the RAO Schedule a reporting unit to which a certificate has been issued under subsection 270(1) in relation to a financial year is required to have a general purpose financial report prepared in accordance with these reporting guidelines.
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These reporting guidelines prescribe certain disclosure requirements having in mind the nature of organisations registered under the RAO Schedule.
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The disclosure requirements prescribed by these reporting guidelines are directed towards providing members of a reporting unit with information to enable them to guage the performance of the committee of management and other holders of office in relation to the financial management of the reporting unit.