15ASmall controlled agencies—the Act, s 7.3(2)

15A Small controlled agencies—the Act, s 7.3(2)

15A Small controlled agencies—the Act, s 7.3(2)

A GSF agency meeting all of the following requirements is prescribed not to be a reporting GSF agency—

(a) the agency is a controlled entity of a reporting GSF agency (the parent agency),

(b) the agency’s financial position and financial performance are consolidated within the financial statements of the parent agency,

(c) the assets, liabilities, income, expenses, commitments and contingent liabilities of the agency are each less than $20,000,000,

(d) the total cash or cash equivalents held by the agency is less than $10,000,000,

(e) if the agency has income—less than $2,000,000 of the agency’s income is from sources other than the following—

(i) money paid out of the Consolidated Fund,

(ii) money provided by other GSF agencies,

(iii) money paid out of an SDA account.

s 15A: Ins 2025 (503), Sch 1[3].