3Financial statements for reporting periods ending on or after 1 July 2009

3 Financial statements for reporting periods ending on or after 1 July 2009

 

(1)          Schedule 1 comprises the Orders which set out the requirements for the preparation of annual financial statements, for the reporting periods ending on or after 1 July 2009, for agencies prescribed in Schedule 1 to the Financial Management and Accountability Regulations 1997, and other Australian Government bodies, which are covered by the four Acts listed in this section:

 

(2)          For subsection 193H(1) of the Aboriginal and Torres Strait Islander Act 2005, these Orders are taken to be a determination under that subsection of the form of accounts and financial statements for reporting periods ending on or after 1 July 2009.

 

(3)          For subsection 50B(4) of the Defence Service Homes Act 1918:

 

(a)          these Orders are taken to be an approval under that subsection of the form of financial statements, for reporting periods ending on or after 1 July 2009; but

(b)          if a provision of these Orders is inconsistent with a requirement specified in AASB 1023, General Insurance Contracts, the provision does not apply, and the requirement specified in AASB 1023 (and any related provision, such as a definition or interpretation provision) is taken to be approved under that subsection for reporting periods ending on or after 1 July 2009.

 

(4)          For subsection 47(1) of the High Court of Australia Act 1979, these Orders are taken to be an approval under that subsection of the form of financial statements for reporting periods ending on or after 1 July 2009.

 

(5)          For subsection 43(3) of the Natural Heritage Trust of Australia Act 1997, these Orders are taken to be guidelines made under that subsection with which financial statements must comply for reporting periods ending on or after 1 July 2009.  

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