sch.5B-sec.26Accounting disclosure note about former resident liabilities

### sch.5B-sec.26 Accounting disclosure note about former resident liabilities An annual financial statement for a financial year must include an accounting disclosure note stating— whether or not, as at the end of the financial year, the scheme operator has paid all former resident liabilities for the financial year in full; and if the scheme operator has not paid all former resident liabilities for the financial year in full as at the end of the financial year— the total amount of the former resident liabilities for the financial year that remains unpaid as at the end of the financial year; and the reason why the amount mentioned in subparagraph (i) has not been paid; and if, as at the end of the financial year, the scheme operator was unable to pay the amount mentioned in subparagraph (i) —the reasons why the scheme operator is unable to pay the amount. In this section— pay includes credit the account of another person. former resident liability , for a financial year, means an amount that becomes payable by the scheme operator under section 63 (1) or 63A (3) of the Act during the financial year. (sch.5B-sec.26-ssec.1) An annual financial statement for a financial year must include an accounting disclosure note stating— whether or not, as at the end of the financial year, the scheme operator has paid all former resident liabilities for the financial year in full; and if the scheme operator has not paid all former resident liabilities for the financial year in full as at the end of the financial year— the total amount of the former resident liabilities for the financial year that remains unpaid as at the end of the financial year; and the reason why the amount mentioned in subparagraph (i) has not been paid; and if, as at the end of the financial year, the scheme operator was unable to pay the amount mentioned in subparagraph (i) —the reasons why the scheme operator is unable to pay the amount. (sch.5B-sec.26-ssec.2) In this section— pay includes credit the account of another person. former resident liability , for a financial year, means an amount that becomes payable by the scheme operator under section 63 (1) or 63A (3) of the Act during the financial year. - (a) whether or not, as at the end of the financial year, the scheme operator has paid all former resident liabilities for the financial year in full; and - (b) if the scheme operator has not paid all former resident liabilities for the financial year in full as at the end of the financial year— (i) the total amount of the former resident liabilities for the financial year that remains unpaid as at the end of the financial year; and (ii) the reason why the amount mentioned in subparagraph (i) has not been paid; and (iii) if, as at the end of the financial year, the scheme operator was unable to pay the amount mentioned in subparagraph (i) —the reasons why the scheme operator is unable to pay the amount. - (i) the total amount of the former resident liabilities for the financial year that remains unpaid as at the end of the financial year; and - (ii) the reason why the amount mentioned in subparagraph (i) has not been paid; and - (iii) if, as at the end of the financial year, the scheme operator was unable to pay the amount mentioned in subparagraph (i) —the reasons why the scheme operator is unable to pay the amount. - (i) the total amount of the former resident liabilities for the financial year that remains unpaid as at the end of the financial year; and - (ii) the reason why the amount mentioned in subparagraph (i) has not been paid; and - (iii) if, as at the end of the financial year, the scheme operator was unable to pay the amount mentioned in subparagraph (i) —the reasons why the scheme operator is unable to pay the amount.