exceed the variation in outputs allowed less than under clause of the Funding and $50,000 Service Details. per Information, Education and Training annum) Services (Statewide) using the template attached to this Funding Schedule. Due date: Access Point Performance within 28 days Framework using the template attached after the end of to this Funding Schedule. each 6 month period You must submit Financial Acquittals Standards Review Board. – Due date: Periodic reports for the Funding received Acquittals within 28 days after from Us under this Funding Schedule, Financial Statements - You the end of each 6 which acquittal must: Requirement 1 of 2 must provide Us with month period be in the form of a Special (not required an audited financial Purpose Financial Report*; if You receive report of You, as a apply the Australian Statements of less than Reporting Entity, for Accounting Concepts and $50,000 per each financial year*, Australian Accounting Standards in annum) which report is the same manner to that used to prepared at an satisfy the organisation level and requirements for annual financial must be: reporting; and in the form of include: either a statement of profit and loss; General statement of asset and Purpose liabilities; and Financial directors’ statement/declaration. Report or a Special Purpose *Note: refer to Our sample Special Purpose Financial Report available on Our Website which is Financial Report provided as a guide only. (see below), as determined to be Reporting period: If Funding is provided for part of the appropriate for annual reporting period, a Financial Acquittal You; and - Periodic must still be submitted for prepared in Due date: the relevant part of that reporting accordance with the in accordance with period. Australian the lodgement Statements of period of Your For the Service Agreement, You, as an Accounting incorporating organisation, are considered by Us to be Statement Concepts and legislation, or if a 'Reporting Entity' as set out in the Australian not otherwise of Accounting Concepts Accounting stated, within 6 (SAC1), Definition of the Reporting Reporting Standards. months of the end Entity prepared by the Public Sector period: of Your financial Accounting Standards Board of the *Note: If the Service Agreement 6 monthly year Australian Accounting Research includes more than one Funding 1 Jul 31 Dec – Foundation and by the Accounting Schedule or You have more 1 Jan 30 Jun – than one
less than $50,000 per annum) Due date: within 28 days after the end of each 6 month period exceed the variation in outputs allowed under clause of the Funding and Service Details. Information, Education and Training Services (Statewide) using the template attached to this Funding Schedule. Access Point Performance Framework using the template attached to this Funding Schedule. Acquittals - (not required if You receive less than $50,000 per annum) Reporting period: 6 monthly 1 Jul – 31 Dec 1 Jan – 30 Jun Due date: within 28 days after the end of each 6 month period Reporting period: annual Due date: in accordance with the lodgement period of Your incorporating legislation, or if not otherwise stated, within 6 months of the end of Your financial year You must submit Financial Acquittals – Periodic reports for the Funding received from Us under this Funding Schedule, which acquittal must: be in the form of a Special Purpose Financial Report*; apply the Australian Statements of Accounting Concepts and Australian Accounting Standards in the same manner to that used to satisfy the requirements for annual financial reporting; and include: statement of profit and loss; statement of asset and liabilities; and directors’ statement/declaration. *Note: refer to Our sample Special Purpose Financial Report available on Our Website which is provided as a guide only. If Funding is provided for part of the reporting period, a Financial Acquittal - Periodic must still be submitted for the relevant part of that reporting period. For the Service Agreement, You, as an organisation, are considered by Us to be a 'Reporting Entity' as set out in the Statement of Accounting Concepts (SAC1), Definition of the Reporting Entity prepared by the Public Sector Accounting Standards Board of the Australian Accounting Research Foundation and by the Accounting Standards Review Board. Financial Statements Requirement 1 of 2 You must provide Us with an audited financial report of You, as a Reporting Entity, for each financial year*, which report is prepared at an organisation level and must be: in the form of either a General Purpose Financial Report or a Special Purpose Financial Report (see below), as determined to be appropriate for You; and prepared in accordance with the Australian Statements of Accounting Concepts and Australian Accounting Standards. *Note: If the Service Agreement includes more than one Funding Schedule or You have more than one
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