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1989 No. 12 INDUSTRIAL RELATIONS REGULATIONS - REG 108
Prescribed accounts-subsection 285 (5) of the Act
108. For the purposes of subsection 285 (5) of the Act, each of the following
accounts is a prescribed account in respect of a financial year of an
organisation:
(a) an account of all the income and expenditure of the organisation
during that financial year, being an account that, without limiting
the generality of the foregoing, sets out (so far as applicable) the
following particulars of income and expenditure during that financial
year:
(i) the total amount paid to the organisation as entrance fees, or
periodic contributions (in this regulation referred to as "membership
contributions") in respect of membership of the organisation;
(ii) the total amount of grants or donations made to the
organisation;
(iii) where the organisation is divided into branches and the rules
of the organisation provide that each branch of the
organisation shall pay to the organisation, as a contribution
towards the administrative expenses of the organisation, a
proportion of the total amount received by the branch as
entrance fees or membership contributions-the total amount so
paid to the organisation by its branches;
(iv) where the organisation is a branch of another organisation and
the rules of the other organisation provide that the other
organisation shall pay to each of its branches, as a
contribution towards the administrative expenses of that
branch, a proportion of the total amount received by the other
organisation as entrance fees or membership contributions-the
total amount so paid to the first-mentioned organisation by the
other organisation;
(v) the total amount paid by the organisation as fees or periodic
contributions in respect of its affiliation to any political
party, any federation, congress, council or group of
organisations, or any international body having an interest in
industrial matters;
(vi) the total amount paid as administrative expenses, professional
fees or remuneration to holders of offices in, or to employees
of, the organisation;
(vii) the total amount of any grants or donations made by the
organisation;
(viii) where any assets of the organisation have been sold for, or
revalued at, more than $1,000-the amount of profit or loss
arising out of that sale or revaluation;
(ix) whether there is an excess of income over expenditure or an
excess of expenditure over income and, in either case, the
amount of that excess;
(b) an account of the assets and liabilities of the organisation as at the
end of that financial year, being an account that, without limiting
the generality of the foregoing, sets out (so far as applicable) the
following particulars of assets or liabilities during the financial
year:
(i) the total amount of cash in hand;
(ii) the total amount of cash at bank;
(iii) the total amount of loans made by the organisation;
(iv) the total book value of investments and fixed assets including,
and also specifying separately:
(A) the total book value of real property; and
(B) the total book value of other assets each of which is
valued in excess of $1,000;
(v) the total amount of loans made to the organisation;
(vi) the total amount of the balances of all funds the operation of
which is required by the rules of the organisation;
(vii) the balance of the general fund.
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