Workplace Relations Act 1996 - Determination of reporting guidelines for the purposes of section 270 of RAO Schedule (20/06/2003)
Committee of Management StatementCommittee of Management Statement
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Committee of Management Statement
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For purposes of subparagraph 8(d) of these guidelines the reporting unit must cause to be prepared a committee of management statement containing declarations by the committee of management in relation to the GPFR.
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The committee of management statement must include declarations by the committee of management as to whether in the opinion of the committee of management that:
(a) the financial statements and notes comply with the reporting guidelines of the Industrial Registrar for purposes of section 270 of the RAO Schedule;
(b) the financial statements and notes give a true and fair view of the financial performance and financial position of the reporting unit for the financial year to which they relate;
(c) there are reasonable grounds to believe that the reporting unit will be able to pay its debts as and when they become due and payable; and
(d) during the financial year to which the GPFR relates and since the end of that year:
(i) meetings of the committee of management were held in accordance with the rules of the organisation including the rules of a branch concerned; and
(ii) the financial affairs of the reporting unit have been managed in accordance with the rules of the organisation including the rules of a branch concerned; and
(iii) the financial records of the reporting unit have been kept and maintained in accordance with the RAO Schedule and the RAO Regulations; and
(iv) the information sought in any request of a member of the reporting unit or a Registrar duly made under section 272 of the RAO Schedule has been furnished to the member or Registrar; and
(v) there has been compliance with any order for inspection of financial records made by the Commission under section 273 of the RAO Schedule.
- The committee of management statement should:
(a) be made in accordance with such resolution as is passed by the committee of management of the reporting unit in relation to the matters requiring declaration;
(b) specify the date of passage of the resolution;
(c) be signed by a designated officer within the meaning of section 243 of the RAO Schedule; and
(d) be dated as at the date the designated officer signs the statement.