Workplace Relations Act 1996 - Determination of reporting guidelines for the purposes of section 270 of RAO Schedule (20/06/2003)
General Purpose Financial ReportGeneral Purpose Financial Report
Start here
Get a plain-English read of General Purpose Financial Report
Turn the raw legal text into a practical explanation grounded in Workplace Relations Act 1996 - Determination of reporting guidelines for the purposes of section 270 of RAO Schedule (20/06/2003).
General Purpose Financial Report
- The general purpose financial report (GPFR) required to be prepared under subsection 270(4) of the RAO Schedule must consist of:
(a) financial statements containing:
(i) a profit and loss statement or statement of financial performance; and
(ii) a balance sheet or statement of financial position;
(b) notes to the financial statements containing information required by these reporting guidelines;
(c) the operating report required to be prepared in relation to the financial year under section 254 of the RAO Schedule; and
(d) a committee of management statement containing declarations by the committee of management required by these reporting guidelines.