Commonwealth Numbered Regulations

1989 No. 12 INDUSTRIAL RELATIONS REGULATIONS - REG 108

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.