OTA Annual Report 2021-2022

ANNUAL REPORT

ABOUT OCCUPATIONAL THERAPY AUSTRALIA

Occupational Therapy Australia (OTA) is the national professional association for occupational therapists in Australia. Our members are occupational therapists, students and those involved in the profession who work in a variety of practice areas to enable people to participate in meaningful activities.

Our purpose is to provide member benefits through access to local professional support and resources, and through opportunities to contribute to, and shape, professional excellence.

Occupational Therapy Australia respectfully acknowledges the Traditional Owners and Custodians of the country on which we live, learn and work.

For more information about Occupational Therapy Australia, visit www.otaus.com.au

© Occupational Therapy Australia 2022

This work is copyright. You may download, display, print and reproduce this material in unaltered form only (retaining this notice) for your personal, non-commercial use or use within your organisation. Apart from any use as permitted under the Copyright Act 1968, all other rights are reserved. Requests for further authorisation should be directed to Manager, Marketing and Communications via email at communications@otaus.com.au OR via post at Occupational Therapy Australia 5/340 Gore Street Fitzroy Victoria 3065

CONTENTS

President’s Report 4 CEO’s Report 5 Financial Report 6 Financial Summary 7 Office Bearers 8

Summary of Activities 9

FINANCIAL STATEMENTS

Directors’ Report 16 Auditor’s Independence Declaration 21

Statement of Profit or Loss and Other Comprehensive Income 22 Statement of Financial Position 23 Statement of Changes in Equity 24 Statement of Cash Flows 25 Notes to the Financial Statements 26 Directors’ Declaration 42 Independent Audit Report 43

PRESIDENT’S REPORT

Inreflecting on the past year, I am continually amazed at the passion and commitment of OTA members and staff to not only improve things for the profession but also for those receiving occupational therapy services. Coming out of two years of living in a pandemic, we have seen changes and things have not returned to prepandemic normality. We have changed how we work, with greater use of technology and more flexible, hybrid working arrangements. Our health systems are being stretched beyond belief and demand for occupational therapy in all sectors has never been higher.

There has been continued growth in OTA membership and the Australian occupational therapy profession is one of the fastest growing professions. Increased recognition and valuing of occupational therapy have seen high demand for services at a time when we are graduating and enrolling record numbers of students. There are more occupational therapy education programs being established; however, current and predicted demand is outstripping supply. OTA continues to be a respected advocate and voice for occupational therapists through many channels, including the election playbook for the various state and federal elections. This highlighted the contribution occupational therapists can and do make in areas such as aged care, mental health and disability. We aim to be solutionfocused, outlining what we do to improve the lives of those we work with, as well as improving our health systems.

This year, the OTA Board was bold in allocating significant resources to turbocharge some strategic projects that had been on the drawing board. It was pleasing to see these bear fruit and provide OTA members with more benefits. This included launching the Private Practice Toolkit and the Supervision Program. We published a world first book, “Doing our Best”, which highlights how people used occupation to overcome the challenges and impacts of natural disasters and the pandemic. This book has received much attention internationally, with other countries looking to use the development process to produce their own versions. I thank the OTA staff and volunteers who made all these projects such a success.

This year we saw a return to face-to-face along with hybrid events. The second OT Exchange conference held in Melbourne was a wonderful two days, with an outstanding number of exhibitors from a range of sectors contributing to the great vibe. Online continuing professional development activities were still very popular which indicates OTA members want flexibility in how they access their ongoing education.

The OTA Board continued to undertake education, particularly as part of our Reflect Reconciliation Action Plan (RAP) journey, with the assistance of Dr Faye McMillan’s organisation Bundyi Girri. We have also commenced preparation for our next strategic plan to position OTA for a prosperous future.

The OTA Board gains considerable insights when meeting with Divisional Chairs at

Assoc. Professor Carol McKinstry, President

national forums. Meeting those who attend the annual divisional meetings is also a way of ensuring the Board is kept abreast of what is happening throughout Australia.

I would like to thank my fellow Board Directors who take their roles and responsibilities very seriously, understanding the privilege it is to represent OTA members and govern in the best interests of all Australian occupational therapists. I would especially like to thank Dr Annie McCluskey who completed her term at the end of 2021. Annie served on a number of Board subcommittees and her knowledge of the profession was invaluable.

Thank you to volunteers who participated in working parties, committees and on divisional councils to inform or represent OTA and their profession. We are extremely fortunate to have members who willingly volunteer and give up their time for OTA work.

The work and achievements of OTA is largely due to our dedicated and talented OTA staff and CEO Samantha Hunter. Their work over the past year to enable OTA and the profession to make some sizeable achievements that will further enhance a very positive future is much appreciated.

CEO’S REPORT

Iampleased to provide the membership with another year of further development and growth for Occupational Therapy Australia. We have now passed the decade mark of being a national association and have matured in our operational structures, efficiencies, and representation. Our staff continues to grow to meet the needs of our increasing number of members, alongside the expanded breadth and depth of programs and projects we deliver, and opportunities and issues that we pursue.

This year, our staff worked incredibly hard to deliver a wealth of resources and programs. I am sure many of our members appreciated the delivery of our Federal Election Playbook, which set the scene and outlined our position on several policy areas that affect the profession, our scope of practice and our remuneration. The change in federal government has provided the opportunity to strongly advocate for a direction and attitude in several key areas including the NDIS, aged care and veterans.

In a global first we produced the beautiful publication, “Doing Our Best”, showcasing stories of our profession and those with a lived experience who have fully embraced occupation in the face of adversity. In a first for the association, we invested in a deep dive into “Thinking Ahead: The future of occupational therapy and mental health in Australia”. This has provided the road map for our Mental Health strategy, which will enable us to better support the professional development of our members, increase representation and advocacy and raise awareness of occupational therapists’ role in the delivery of mental health supports and services.

As many members of the profession continue to pursue opportunities in private practice, we developed our own Private Practice Toolkit, which provides a wealth of resources to assist in adopting the correct structures, systems and

processes to enable practitioners to set their practice up for success, so they can do what they do best – OT.

We further supported the profession by developing a Supervision Program. Every occupational therapist should have access to supervision and the program enables those who complete it to bring a high level of rigour and skill to their practice.

Our Hot Topic series has hit the mark with many of our members. These short, sharp and structured opportunities for OTs to engage with contemporary and emerging trends are regularly sold out and offered in both a virtual and a face-to-face format – a delight to start seeing each other in real life after the past few years of exclusively online activity.

This year we also launched OTs in Action, with three action groups. The purpose of these groups – LGBTQI+, Culturally Diverse Communities and Climate Change – is to understand how, as an association, we take action and show up as an ally, supporter or partner. Secondly, how can we enable the profession to be better equipped or resourced to work in a culturally safe way and with recognition and respect for diversity and inclusion. We have been thrilled by how welcomed OTs in Action has been by our staff and by the membership.

Our final event for 2021/22 was to host OT Exchange in Melbourne in June. Over 500 occupational therapists came together for two days of sharing, learning, listening, and engaging. We were pleased to see our industry partners returning to the conference to keep us up to date on equipment, technology and trends for both OTs and consumers.

The highlight of OT Exchange for me was a very moving Acknowledgment of Country by Kabi Kabi man and Bundyi Girri partner Alex Splitt followed by Nova Peris OAM’s opening keynote. Our yarning space was a place for deep

Samantha Hunter, CEO

conversations, and sharing ideas, and over the two days we were not disappointed with Nova spending much of day one with us and Uncle Albert and friends yarning over day two. Our journey toward understanding continues, with our Board and staff working toward concluding our Reflect RAP and heading toward the next stage of Innovate.

We continue to work with Bundyi Girri’s Dr Faye McMillan AM, Dr Mark McMillan and the entire team to deepen our understanding of sovereign relationships.

Closing the door on one year as we enter another provides the opportunity for reflection, as well as raising our sights to the future. I am incredibly proud to lead a staff that has tirelessly and endlessly supported our members. Many people are still fatigued from the turbulence of the pandemic and from adapting to the new life we have had to forge as the world flexes back to a semblance of its old self. I am in awe of their courage and tireless commitment in the face of uncertainty. For the certainties we have been able to enjoy, I thank our President and the Board of Directors for being sure, sound and sage in their decision making.

The stability and certainty we have established at Occupational Therapy Australia over the past number of years sets us in good stead for an exciting future. This is currently a work in progress as the Board enters a program of consultation with members, the profession, our health sector colleagues and broader stakeholder groups as we develop our roadmap for the future. We look forward to hearing your views as we work on strategy 2023 and beyond.

FINANCIAL REPORT

The financial performance results reflect $6,118,385 in revenue and $5,646,558 in expenses, resulting in an operating profit of $471,827.

Occupational Therapy Australia’s revenue for the reporting period demonstrates an increase in membership, prudent budget management and the efficient allocation of resources despite a reduction in overall income reported for the previous year.

Reduced revenue is largely driven by the absence of JobKeeper and by a reduction in conference revenue as a result of pandemic restrictions. Pleasingly, membership continues to grow year on year.

Given the recent years of turbulence the association continues to perform strongly benchmarked across the association sector. Active asset and treasury management continue to provide excellent returns. Property in Newington, New South Wales was disposed of in this reporting period and the funds invested in term deposits.

PLEASINGLY, MEMBERSHIP CONTINUES TO GROW YEAR ON YEAR.

Paul Marsh, Vice President, Finance

We continue to grow our workforce to support the expanding initiatives on offer and to capitalise on the opportunities for influence and impact for the profession.

I am pleased to present the financials that continue to show strong and consistent growth to total equity, enabling the association to invest in capital assets and innovation over time.

Total Equity 2018 $4,431,262 2019 $5,036,650 2020 $6,271,490 2021 $8,305,387 2022 $8,672,414

OFFICE BEARERS

Carol McKinstry President

Priscilla Ennals Vice President

Michelle Bissett Director

Paul Marsh Vice President (Finance)

Samantha Hunter CEO

Katrina Pacey Director

Annie McCluskey Director (Resigned November 2021)

Leanne Healey Director

Adam Lo Director WFOT Delegate

Joanna Murray Director

SUMMARY OF ACTIVITIES

SUMMARY OF ACTIVITIES

Key issues and outcomes:

OTA has worked to represent OTs and the profession across the five main areas of OT practice.

In mental health, OTA achieved a significant outcome through discussions with the Employment Assistance Professional Association of Australia (EAPAA). EAPAA will now allow appropriately experienced mental health occupational therapists to apply for full membership. EAPAA has also invited Erin Garner (General Manager of Occupational Therapy) to present to EAPAA members at their conference in November 2022, to raise awareness among EAPAA members of what mental health occupational therapists do.

In defence and veterans’ affairs, the Royal Commission into Defence and Veteran Suicide provides an opportunity for OTA to advocate for better outcomes for veterans through improved opportunities for OTs in this sector, with a particular emphasis on promoting the work of mental health OTs. OTA will also advocate directly to the Department of Veterans’ Affairs for a better and more efficient system via its review of the fee schedule.

In aged care, OTA has been working closely with AHPA to represent the needs of the profession. OTA is raising the need for dedicated funding for allied health professionals in residential care through the newly developed Australian National Aged Care Classification (AN-ACC). Meanwhile, OTA has been participating in consultations held by the federal government regarding a new home care system. The implementation of these reforms has recently been pushed back to 1 July 2024, which will allow for greater consultation across key stakeholder groups.

In NDIS and disability, there are changes to the assistive technology approvals process and a fee review occurred midyear. OTA has continued to advocate on behalf of the profession to ensure OTs can effectively provide vital care to NDIS participants. Additionally, OTA has lodged a number of submissions to the Joint Standing Committee on the NDIS.

More generally, workforce shortages are becoming more apparent across all sectors. OTA has worked to support the OT workforce by advocating for skilled migration and support for recent graduates. We will continue to work with stakeholders on this challenging problem.

GOVERNMENT AND STAKEHOLDER RELATIONS

Submissions to the Australian Parliament, the Commonwealth Government or its departments and agencies

REFLECT RECONCILIATION ACTION PLAN

Endorsed with Reconciliation Australia and launched with Board, members and staff. The RAP is an essential element of our strategy to embed and progress cultural and community diversity through recognition, respect and inclusion of all Australians in all demographics and communities.

EXECUTIVE

SUMMARY OF ACTIVITIES

PROFESSIONAL PRACTICE

The Professional Practice team has put greater focus on representing and supporting the development of the OT workforce and promoting the value and profile of the profession over the past 12 months.

OTA has developed a contemporary Learning and Development Roadmap to strategically guide the way we resource and support the OT workforce. We were proud to introduce two new programs this year. Firstly, a bespoke online Supervision Program designed to support the development of OT supervisors and increase the pool of supervisors available to OTA members who do not have access to supervision in their workplace. Secondly, a Private Practice Toolkit to support OTs establishing a private business. Both programs have been developed to meet the needs of occupational therapists operating independently in diverse work environments and healthcare networks.

OTA practice advisors have been actively consulting with members in an endeavour to proactively set the agenda and build strong evidence to represent the best interests of the

profession. While we have made some good inroads, we have found it necessary to flex and pivot to address immediate changes in the sector which affect the profession. To this end OTA acknowledges the enormous commitment of members who readily engage at short notice to provide the best available evidence to advocate for the best outcomes for our clients and the profession.

particularly thank members of our OTA National Taskforces, and

National Professional Practice and Standards committee, and members who have represented the OT profession on external committees, steering groups, reference groups and guideline development groups. On that note, we are pleased that through the work of a dedicated group of members, OTs will be included in the minimum staffing requirement for ICUs, the role of OT is clearly embedded in the new ADHD clinical guidelines, and there has been a reset to the proposed TGA changes.

We look forward to further collaborating with members as we roll out an ambitious workforce strategy.

Elspeth Pearson Trust awarded a total of $6,450 to

%

%

Overall membership grew by 2% from the previous year

%

Student membership decreased by 6% from the previous year

Membership retention rate

Full-time 4,510 Affiliates 256 Part-time 1,982 Students 4,207 New graduates 1,244 Honorary life members 18

VALE RUTH READ

Ruth Marit Read was born on 4 March 1930 in Inverell, NSW. Her involvement in occupational therapy began in the mid1950s, when she worked as an occupational therapy assistant at the Commonwealth Department of Social Services Rehabilitation Centre in Victoria.

In 1958, she completed her Diploma of Occupational Therapy at the University of Queensland. She was subsequently employed as a demonstrator for the diploma course before becoming the senior occupational therapist at Princess Alexandra Hospital in Brisbane from 1963 to 1972.

When an occupational therapy degree course commenced, Ruth became the first recipient of a Bachelor of Occupational Therapy in 1970.

In 1972, Ruth obtained an occupational therapy position in the hospital’s Division of Geriatrics, where she stayed until her retirement in 1989.

Ruth was involved with the Queensland Association of Occupational Therapists from her student days, later becoming an executive member and an honorary life member following her retirement. She was federal delegate to the Australian Association of Occupational Therapists and active on national committees.

The state Health Minister appointed Ruth as the inaugural chair of the Occupational Therapists Board of Queensland when the Occupational Therapists Act (1979) came into effect in 1980. Ruth held that position until 1992.

Ruth is remembered by her occupational therapy colleagues as a dedicated advocate for occupational therapy and a pioneer for the profession.

SUMMARY

COMMUNICATIONS

Find an OT is the fastest growing section on the website, growing 27.5% in the year

Social media followers have grown on average by 8.5% over the year Instagram is the strongest growing channel with a 27.5% increase in followers

Connections averaged 4,673 impression per edition on our digital platform

Topic

(Face-to-face)

(Online)

(Series)

Workshop (Face-to-face)

Workshop (Online) 715

(Series)

Webinar (Live)

EXCHANGE

Melbourne Park

New Zealand

Registrations

If you currently work in or have interest in the Aged Care, Disability, Knowledge Translation, Occupational Rehabilitation or Paediatrics space, and are looking for information on the latest innovative solutions and updates to practice, then the OT Exchange is the event you should attend in 2022.

International Countries

Registration Open January 2022 Program Available February 2022

Exhibitor Presentation Submissions Close 28 February 2022

Located at CENTREPIECE, a brand-new and accessible venue located in the Melbourne Park precinct, the OT Exchange 2022 is an inclusive and interactive conference for all working within the broad spectrum that is occupational therapy. It is designed so that all participants — whether they are clinicians, students, managers, educators or academics — will contribute and employ ideas of value, implementing solutions into their own work. Occupational Therapy Australia acknowledges the support of

Early Bird Registration Close 17 March 2022

Japan

Presentations

sponsors:

Aged Care, Disability, Knowledge Translation, Occupational

and Paediatrics

FINANCIAL STATEMENTS

Prepared by SEIVA

Directors’ Report Directors'Report

OccupationalTherapyAustraliaLimited Fortheyearended30June2022

ThedirectorspresenttheirreportonOccupationalTherapyAustraliaLtd("theCompany")forthefinancialyearended30June 2022.

Principalactivities

TheprincipalactivityofOccupationalTherapyAustraliaLtdduringthefinancialyearwastorepresenttheinterestsofits membersandOccupationalTherapistsacrossthecountry.Ensuringthatmembersconsistentlyreceivequality,responsive servicesthataddsignificantvaluetotheircareersandsupportthemtoprovidehighqualityservicesandcare.TheCompany alsoaimstosupport,promoteandrepresenttheprofessionofOccupationalTherapyasakeyelementofthealliedhealthsector inAustralia.

NosignificantchangesinthenatureoftheCompany'sactivityoccurredduringthefinancialyear.

Shorttermobjectives

TheCompany'sshorttermobjectivesare:

• Professionaldevelopment

• Information,communicationsandrelationships

• Representation,and

• Practicestandards.

Longtermobjectives

TheCompany'slongtermobjectivesare:

• Marketing,recruitment,brandandprofile

• Research

• Internationalpresence,and

• Governance.

Keyperformancemeasures

TheCompanymeasuresitsownperformancethroughtheuseofbothquantitativeandqualitativebenchmarks.The benchmarksareusedbythedirectorstoassessthefinancialsustainabilityoftheCompanyandwhethertheCompany's short-termandlong-termobjectivesarebeingachieved.

Membersguarantee

OccupationalTherapyAustraliaLtdisacompanylimitedbyguarantee.Intheeventof,andforthepurposeofwindingupofthe Company,theamountcapableofbeingcalledupfromeachmembersandanypersonorassociationwhoceasedtobea memberintheyearpriortothewindingup,islimitedto$20,subjecttotheprovisionsofCompany'sconstitution.At30June 2022thenumberofmemberswas11,566 (2021:11,443)andthecollectiveliabilityofmemberswas$231,320 (2021:$228,860).

Informationondirectors

Thenamesofeachpersonwhohasbeenadirectorduringtheyearandtothedateofthisreportare:

CarolMcKinstry

Qualifications

BachelorofAppliedScience(OT) GraduateCertificateofHigherEducation MasterofHealthScience DoctorofPhilosophy GraduateofAustralianInstituteofCompanyDirector(GACID)

Experience

Registeredoccupationaltherapistwithexperienceinrehabilitation,seniormanagement,clinicalgovernanceandrisk management.Currentlyanacademicasassociateprofessorwithresponsibilitiesforteaching,researchandcourse coordination.

SpecialResponsibilities

President Chair,OccupationalTherapyAustralia OccupationalTherapyAustraliaRenumerationCommittee OTAWFOTEducationProgramApprovalCommittee AssistantEditorAustralianOccupationalTherapyJournal

PriscillaEnnals

Qualifications

DoctorofPhilosophy MasterofOccupationalTherapy BachelorofCounselling BachelorofAppliedScience(OccupationalTherapy)

Experience

Registeredoccupationaltherapistwithexperienceinmentalhealth,academicteachingandresearch,andresearch management.CurrentlySeniorManagerofResearchandEvaluationforNeamiNational,anationalcommunitymentalhealth provider.

SpecialResponsibilities

Vice-President MemberoftheFinance,RiskandAuditCommittee

PaulMarsh

Qualifications

BachelorofOccupationalTherapy(LaTrobeUniversity,Bundoora) GraduateDiplomainErgonomics(UniversityofQueensland,StLucia)

Experience

RegisteredOccupationalTherapistspecialisinginOccupationalRehabilitation. PreviousDivisionalCouncilMember(Victoria)2014–2017

SpecialResponsibilities

Vice-PresidentFinance MemberoftheRemunerationCommittee ChairoftheFinance,Risk&AuditCommittee

Information on directors (continued)

Michelle Bissett

Qualifications

Bachelor of Applied Science (Honours)(Occupational Therapy)

Doctor of Philosophy (PhD) Graduate Certificate in Biostatistics

Experience

Registered occupational therapist with clinical experience in acute and aged care. Currently employed as a Senior Lecturer in Queensland.

Special Responsibilities

Member of the Remuneration Committee

Joanna Murray

Qualifications

Bachelor of Occupational Therapy

Master of Public Health - MBA Experience

Occupational Therapist and Director of Access Therapy Services, Sisu7 and Access Health Education. Through these organisations Joanna, and her team, support people across the lifespan in the areas of ageing, disability, mental health, paediatrics, training and education.

Special Responsibilities

Member of the Finance, Risk and Audit Committee

Margaret McCluskey

Resigned November 2021

Qualifications

PhD MA DipCOT FOTARA Experience

She is a leader in occupational therapy and stroke rehabilitation research, being recently inaugurated as a Fellow of the Occupational Therapy Australia Research Academy (FOTARA). She led the occupational therapy working group which helped write the 2017 national stroke guidelines. Since 2010, she has been an active board director (and treasurer) for Ben Ricketts Environmental Preserve (BREP), and in 2020 Annie joined the board of StrokeEd.

Special Responsibilities

Member of the Finance, Risk and Audit Committee

Leanne Healey

Qualification

Bachelor of Occupational Therapy Graduate Diploma of Neuro-Science

Experience

Leanne has over 34 years of experience as an occupational therapist. Leanne founded Everyday Independence in 1997 and today she is at the helm of a dynamic allied health organisation with over 450 team members (over 200 Occupational Therapists). In 2018, Leanne was awarded Occupational Therapist of the Year at the Australian Allied Health Professional Awards and in 2020 Leanne was awarded The Telstra Business Women’s Award for Medium and Large Business.

Special Responsibilities

Member of the Finance, Risk and Audit Committee

Information on directors (continued)

Adam Lo Qualifications

Bachelor of Occupational Therapy Graduate Diploma of Mental Health Graduate Certificate of Trauma, Grief and Loss Counselling Certificate IV in Training and Assessment Experience

Adam has over 18 years of experience as an occupational therapist and child and youth mental health clinician. Adam is the World Federation of Occupational Therapists Delegate for Occupational Therapy Australia. He was also a previous member of the Occupational Therapy Australia Queensland Divisional Council.

Katrina Pacey

Appointed November 2021

Qualifications

Bachelor of Occupational Therapy Certificate IV in Workplace Trainer Assessor Experience

Katrina is the Co-Director and Principal Clinician of RAR Therapy, Director of Standing In Therapy Services. After more than 20 years in the Occupational Therapy profession and 19 years working with people with Disabilities and behaviours of concern, she is passionate about developing the skills of others through modelling person centred-ness and a process that values questions over assumptions.

Directors have been in office since the start of the financial year to the date of this report unless otherwise stated.

Meetingsofdirectors

Duringthefinancialyear,fivemeetingsofdirectorswereheld.Attendancebyeachdirectorduringtheyearwasasfollows:

Director  DirectorsMeeting  Finance,RiskandAudit Committee   Numbereligibletoattend Numberattended  Numbereligibletoattend  Numberattended  MichelleBissett 5 4  PriscillaEnnals 5 5 4 4 LeanneHealey 5 5 2 2 KatrinaPacey 2 2 AdamLo 5 4 PaulMarsh 5 5 4 4 MargaretMcCluskey 3 3 2 2 CarolMcKinstry 5 5 JoannaMurray 5 4 4 3

SignedinaccordancewitharesolutionoftheBoardofDirectors:

Director:CarolMcKinstry Signdate: Director:PaulMarsh Signdate:

1st October 2022 1st October 2022

Statement of Profit or Loss and Other Comprehensive Income

Fortheyearended30June2022

Income

MembershipIncome 3,327,519 3,103,459

Advertising&SponsorshipIncome 277,566 255,467

Learning&DevelopmentIncome 957,090 960,658

ConferenceIncome 732,390 1,073,585 OtherIncome 604,312 1,001,980

CapitalGainonSaleofNon-CurrentAssets 219,508

TotalIncome 6,118,385 6,395,149

Expenses

AdministrationExpense 127,082 144,910

ConferenceExpenses 340,996 340,156 Consultants 160,780 115,408

CPDExpenses 308,770 282,601

Depreciation&Amortisation 78,634 99,913 EmployeeBenefitExpense 3,170,998 2,629,845 FinanceExpense 36,856 57,336 GrantExpense 17,129 95,951 MarketingExpenses 118,690 111,275

OfficeExpenses 93,226 83,765

OtherExpenses 478,606 316,346 Project&InnovationInvestment 636,969 34,690

RentalExpense 5,136 22,211 Travel&Accommodation 72,686 24,549

TotalExpenses 5,646,558 4,358,956

NetSurplus/(Deficit)fortheYear 471,827 2,036,193 OtherComprehensiveIncome

471,827 2,036,193

Statement of Financial Position

StatementofFinancialPosition

OccupationalTherapyAustraliaLimited Asat30June2022

Assets

CurrentAssets

NOTES 2022 2021

Cash&CashEquivalents 4 2,663,918 3,108,984

Trade&OtherReceivables 5 111,354 170,215 OtherFinancialAssets 6 5,250,461 3,684,785 OtherAssets 7 51,662 28,101

TotalCurrentAssets 8,077,395 6,992,085

Non-CurrentAssets

OtherFinancialAssets 6 922,303 922,303 Property,Plant&Equipment 9 2,074,740 2,900,121 Intangibles 10 75,420 116,533

TotalNon-CurrentAssets 3,072,463 3,938,957

TotalAssets 11,149,858 10,931,042

Liabilities

CurrentLiabilities

Trade&OtherPayables 11 678,045 501,976 EmployeeBenefits 12 241,830 188,562 ContractLiabilities 13 1,495,841 1,870,071

TotalCurrentLiabilities 2,415,716 2,560,609

Non-CurrentLiabilities

EmployeeBenefits 12 61,728 65,046 TotalNon-CurrentLiabilities 61,728 65,046

TotalLiabilities 2,477,444 2,625,655

NetAssets 8,672,414 8,305,387

Equity

Reserves 14 1,605,435 1,710,235 AccumulatedSurplus 15 3,833,776 3,361,949 EquityTransfersfromLiquidatedEntities 16 3,233,203 3,233,203

TotalEquity 8,672,414 8,305,387

Statement of Changes in Equity StatementofChangesinEquity

OccupationalTherapyAustraliaLimited Fortheyearended30June2022

StatementofChangesinEquity

MovementinEquity

OpeningBalance 8,305,387 6,271,490

NetSurplus/(Deficit)fortheYear 471,827 2,036,193

AdjustmenttoPriorYearRetainedEarnings 15 (2,296) ReserveMovement 14 (104,800)

TotalStatementofChangesinEquity 8,672,414 8,305,387

Statement of Cash Flows

StatementofCashFlows

OccupationalTherapyAustraliaLimited Fortheyearended30June2022

StatementofCashFlows

CashFlowsfromOperatingActivities

ReceiptsfromCustomers 4,867,705 5,252,281

PaymentstoSuppliersandEmployees (4,665,660) (3,285,706)

InterestReceived 13 247

NetCashProvidedby/(Usedin)OperatingActivities 202,058 1,966,822

CashFlowsfromInvestingActivities

PurchaseofProperty,PlantandEquipment 670,045 (55,902)

NetReceiptsfrom/(Paymentsfor)TermDeposits (1,317,169) (3,443,834)

NetCashProvidedby/(Usedin)InvestingActivities (647,124) (3,499,736)

CashFlowsfromFinancingActivities

RepaymentofLeaseLiabilities (27,846)

Netcash(usedby)financingactivities (27,846)

NetIncrease/(Decrease)inCashandCashEquivalentsHeld (445,066) (1,560,760)

CashandCashEquivalentsatBeginningofYear 3,108,984 4,669,744

CashandCashEquivalentsatEndofFinancialYear 2,663,918 3,108,984

Notes to the Financial Statements NotestotheFinancialStatements

OccupationalTherapyAustraliaLimited Fortheyearended30June2022

ThefinancialreportcoversOccupationalTherapyAustraliaLtdasanindividualentity.OccupationalTherapyAustraliaLtdisa not-for-profitcompanylimitedbyguarantee,incorporatedanddomiciledinAustralia.Thefunctionalandpresentationcurrency ofOccupationalTherapyAustraliaLtdisAustraliandollars.ThefinancialreportwasauthorisedforissuebytheBoardof Directorson1October2022.Comparativesareconsistentwithpriorperiods,unlessotherwisestated.

1.BasisofPreparation

ThefinancialstatementsaregeneralpurposefinancialstatementsthathavebeenpreparedinaccordancewiththeAustralian AccountingStandards-ReducedDisclosureRequirementsandtheAustralianCharitiesandNot-for-profitsCommissionAct2012. TheCompanyisanot-for-profitentityforfinancialreportingpurposesundertheAustralianAccountingStandards.

Thefinancialstatements,exceptforthecashflowinformation,havebeenpreparedonanaccrualsbasisandarebasedon historicalcostsmodified,whereapplicable,bythemeasurementatfairvalueofselectednon-currentassets,financialassets andfinancialliabilities.

Significantaccountingpoliciesadoptedinthepreparationofthesefinancialstatementsarepresentedbelowandareconsistent withpriorreportingperiodsunlessotherwisestated.

2.SummaryofSignificantAccountingPolicies

Aswearecurrentlyundergoingaperiodofminimumchangesforaccountingstandards,therehavebeennoneworamended AccountingStandardsandInterpretationsissuedbytheAustralianAccountingStandardsBoard('AASB')whichtheentityhas adoptedinthecurrentfinancialyear.

AnyneworamendedAccountingStandardsorInterpretationsthatarenotyetmandatoryhavenotbeenadoptedearlybythe organisation.

(a) IncomeTax

TheCompanyisexemptfromincometaxunderDivision50ofthe IncomeTaxAssessmentAct1997.

(b) Leases

Forthecurrentyear

Atinceptionofacontract,theCompanyassesseswhetheraleaseexists-i.e.doesthecontractconveytherighttocontrolthe useofanidentifiedassetforaperiodoftimeinexchangeforconsideration.

Thisinvolvesanassessmentofwhether:

• Thecontractinvolvestheuseofanidentifiedasset-thismaybeexplicitlyorimplicitlyidentifiedwithintheagreement.If thesupplierhasasubstantivesubstitutionrightthenthereisnoidentifiedasset.

• TheCompanyhastherighttoobtainsubstantiallyalloftheeconomicbenefitsfromtheuseoftheassetthroughoutthe periodofuse.

• TheCompanyhastherighttodirecttheuseoftheasseti.e.decisionmakingrightsinrelationtochanginghowandfor whatpurposetheassetisused.

Lesseeaccounting

Thenon-leasecomponentsincludedintheleaseagreementhavebeenseparatedandarerecognisedasanexpenseasincurred.

Attheleasecommencement,theCompanyrecognisesaright-of-useassetandassociatedleaseliabilityfortheleaseterm.The leasetermincludesextensionperiodswheretheCompanybelievesitisreasonablycertainthattheoptionwillbeexercised.

Theright-of-useassetismeasuredusingthecostmodelwherecostoninitialrecognitioncomprisesoftheleaseliability,initial directcosts,prepaidleasepayments,estimatedcostofremovalandrestorationlessanyleaseincentivesreceived.

2.SummaryofSignificantAccountingPolicies(continued)

(b)Leases(continued)

Lesseeaccounting(continued)

Theright-of-useassetisdepreciatedovertheleasetermonastraightlinebasisandassessedforimpairmentinaccordancewith theimpairmentofassetsaccountingpolicy.

Theleaseliabilityisinitiallymeasuredatthepresentvalueoftheremainingleasepaymentsatthecommencementofthelease. Thediscountrateistherateimplicitinthelease,howeverwherethiscannotbereadilydeterminedthentheCompany's incrementalborrowingrateisused.

Subsequenttoinitialrecognition,theleaseliabilityismeasuredatamortisedcostusingtheeffectiveinterestratemethod.The leaseliabilityisremeasuredwhetherthereisaleasemodification,changeinestimateoftheleasetermorindexuponwhichthe leasepaymentsarebased(e.g.CPI)orachangeintheCompany'sassessmentofleaseterm.

Wheretheleaseliabilityisremeasured,theright-of-useassetisadjustedtoreflecttheremeasurementorisrecordedinprofitor lossifthecarryingamountoftheright-of-useassethasbeenreducedtozero.

Exceptionstoleaseaccounting

TheCompanyhaselectedtoapplytheexceptionstoleaseaccountingforbothshort-termleases(i.e.leaseswithatermofless thanorequalto12months)andleasesoflow-valueassets.TheCompanyrecognisesthepaymentsassociatedwiththeseleases asanexpenseonastraight-linebasisovertheleaseterm.

(c) Revenue andotherincome

Forthecomparativeyear

Revenueisrecognisedwhentheamountoftherevenuecanbemeasuredreliably,itisprobablethateconomicbenefits associatedwiththetransactionwillflowtotheCompanyandspecificcriteriarelatingtothetypeofrevenueasnotedbelow,has beensatisfied.

Revenueismeasuredatthefairvalueoftheconsiderationreceivedorreceivableandispresentednetofreturns,discountsand rebates.

Allrevenueisstatednetoftheamountofgoodsandservicestax(GST).

Renderingofservices

Revenueinrelationtorenderingofservicesisrecognisedupondeliveryoftheservicetothecustomers.

Grantrevenue

GrantrevenueisrecognisedinthestatementofprofitorlossandothercomprehensiveincomewhentheCompanyobtains controlofthegrant,itisprobablethattheeconomicbenefitsgainedfromthegrantwillflowtotheCompanyandtheamountof thegrantcanbemeasuredreliably.

WhengrantrevenueisreceivedwherebytheCompanyincursanobligationtodelivereconomicvaluedirectlybacktothe contributor,thisisconsideredareciprocaltransactionandthegrantrevenueisrecognisedinthestatementoffinancialposition asaliabilityuntiltheservicehasbeendeliveredtothecontributor,otherwisethegrantisrecognisedasincomeonreceipt.

WhereOccupationalTherapyAustraliaLtdreceivesnon-reciprocalcontributionsofassetsfromthegovernmentandother partiesforzerooranominalvalue,theseassetsarerecognisedatfairvalueonthedateofacquisitioninthestatementof financialposition,withacorrespondingamountofincomerecognisedinthestatementofprofitorlossandother comprehensiveincome.

2.SummaryofSignificantAccountingPolicies(continued)

(c)Revenueandotherincome(continued)

Revenuefromcontractswithcustomers

ThecoreprincipleofAASB15isthatrevenueisrecognisedonabasisthatreflectsthetransferofpromisedgoodsorservicesto customersatanamountthatreflectstheconsiderationtheCompanyexpectstoreceiveinexchangeforthosegoodsorservices. Revenueisrecognisedbyapplyingafive-stepmodelasfollows:

1.Identifythecontractwiththecustomer

2.Identifytheperformanceobligations

3.Determinethetransactionprice

4.Allocatethetransactionpricetotheperformanceobligations

5.Recogniserevenueasandwhencontroloftheperformanceobligationsistransferred

Generally,thetimingofthepaymentforsaleofgoodsandrenderingofservicescorrespondscloselytothetimingofsatisfaction oftheperformanceobligations,howeverwherethereisadifference,itwillresultintherecognitionofareceivable,contract assetorcontractliability.

NoneoftherevenuestreamsoftheCompanyhaveanysignificantfinancingtermsasthereislessthan12monthsbetween receiptoffundsandsatisfactionofperformanceobligations.

Specificrevenuestreams

TherevenuerecognitionpoliciesfortheprincipalrevenuestreamsoftheCompanyare:

Renderingofservices

Revenuefromprovisionofservices(i.e.Conferenceincome,membershipfees)isrecognisedintheaccountingperiodinwhich theservicesarerendered.Forfixedpricecontracts,revenueisrecognisedbasedontheactualservicesprovidedtotheendof thereportingperiodasaproportionofthetotalservicestobeprovidedasthecustomerreceivesandusesthebenefit simultaneously.

MembershipfeesandServices

Revenuefromprovisionofservicesisrecognisedintheaccountingperiodinwhichtheservicesareprovided.

Themembershipyearrunsfrom1Julyto30June.Membershipsarepayableannuallyandarenotprorated.Revenueis recognisedovertimeasthesubscriptionandmembershipyearunwinds.

Statementoffinancialpositionbalancesrelatingtorevenuerecognition

Contractassetsandliabilities

Wheretheamountsbilledtocustomersarebasedontheachievementofvariousmilestonesestablishedinthecontract,the amountsrecognisedasrevenueinagivenperioddonotnecessarilycoincidewiththeamountsbilledtoorcertifiedbythe customer.

Whenaperformanceobligationissatisfiedbytransferringapromisedgoodorservicetothecustomerbeforethecustomerpays considerationorthebeforepaymentisdue,theCompanypresentsthecontractasacontractasset,unlesstheCompany'srights tothatamountofconsiderationareunconditional,inwhichcasetheCompanyrecognisesareceivable.

Whenanamountofconsiderationisreceivedfromacustomerpriortotheentitytransferringagoodorservicetothecustomer, theCompanypresentsthecontractasacontractliability.

2.SummaryofSignificantAccountingPolicies(continued)

(c)Revenueandotherincome(continued)

Grantrevenue

Governmentgrantsarerecognisedatfairvaluewherethereisreasonableassurancethatthegrantwillbereceivedandallgrant conditionswillbemet.Grantsrelatingtoexpenseitemsarerecognisedasincomeovertheperiodsnecessarytomatchthegrant tothecoststheyarecompensating.Grantsrelatingtoassetsarecreditedtodeferredincomeatfairvalueandarecreditedto incomeovertheexpectedusefullifeoftheassetonastraight-linebasis.

Donationsandbequests

Donationsandbequestsarerecognisedasrevenuewhenreceived.

Interestrevenue

Interestisrecognisedusingtheeffectiveinterestmethod.

(d) Goodsandservicestax(GST)

Revenue,expensesandassetsarerecognisednetoftheamountofgoodsandservicestax(GST),exceptwheretheamountof GSTincurredisnotrecoverablefromtheAustralianTaxationOffice(ATO).

ReceivablesandpayablesarestatedinclusiveofGST.

CashflowsinthestatementofcashflowsareincludedonagrossbasisandtheGSTcomponentofcashflowsarisingfrom investingandfinancingactivitieswhichisrecoverablefrom,orpayableto,thetaxationauthorityisclassifiedasoperatingcash flows.

(e) Cashandcashequivalents

Cashandcashequivalentscomprisecashonhand,demanddepositsandshort-terminvestmentswhicharereadilyconvertible toknownamountsofcashandwhicharesubjecttoaninsignificantriskofchangeinvalue.

Bankoverdraftsalsoformpartofcashequivalentsforthepurposeofthestatementofcashflowsandarepresentedwithin currentliabilitiesonthestatementoffinancialposition.

(f) Financialinstruments

FinancialinstrumentsarerecognisedinitiallyonthedatethattheCompanybecomespartytothecontractualprovisionsofthe instrument.

Oninitialrecognition,allfinancialinstrumentsaremeasuredatfairvalueplustransactioncosts(exceptforinstruments measuredatfairvaluethroughprofitorlosswheretransactioncostsareexpensedasincurred).

Financialassets

Allrecognisedfinancialassetsaresubsequentlymeasuredintheirentiretyateitheramortisedcostorfairvalue,dependingon theclassificationofthefinancialassets.

Classification

Oninitialrecognition,theCompanyclassifiesitsfinancialassetsintothefollowingcategory,thosemeasuredat: • amortisedcost

2.SummaryofSignificantAccountingPolicies(continued)

(f)Financialinstruments(continued)

Financialassets(continued)

FinancialassetsarenotreclassifiedsubsequenttotheirinitialrecognitionunlesstheCompanychangesitsbusinessmodelfor managingfinancialassets.

Amortisedcost

Assetsmeasuredatamortisedcostarefinancialassetswhere:

• thebusinessmodelistoholdassetstocollectcontractualcashflows;and

• thecontractualtermsgiveriseonspecifieddatestocashflowsaresolelypaymentsofprincipalandinterestonthe principalamountoutstanding.

TheCompany'sfinancialassetsmeasuredatamortisedcostcomprisetradeandotherreceivablesandcashandcash equivalentsinthestatementoffinancialposition.

Subsequenttoinitialrecognition,theseassetsarecarriedatamortisedcostusingtheeffectiveinterestratemethodless provisionforimpairment.

Interestincome,foreignexchangegainsorlossesandimpairmentarerecognisedinprofitorloss.Gainorlossonderecognition isrecognisedinprofitorloss.

Impairmentoffinancialassets

Impairmentoffinancialassetisrecognisedonanexpectedcreditloss(ECL)basisforthefollowingassets

• financialassetsmeasuredatamortisedcost

Whendeterminingwhetherthecreditriskofafinancialassethasincreasedsignificantlysinceinitialrecognitionandwhen estimatingECL,theCompanyconsidersreasonableandsupportableinformationthatisrelevantandavailablewithoutundue costoreffort.ThisincludesbothquantitativeandqualitativeinformationandanalysisbasedontheCompany'shistorical experienceandinformedcreditassessmentandincludingforwardlookinginformation.

TheCompanyusesthepresumptionthatanassetwhichismorethan30dayspastduehasseenasignificantincreaseincredit risk.

TheCompanyusesthepresumptionthatafinancialassetisindefaultwhen:

• theotherpartisunlikelytopayitscreditobligationstotheCompanyinfull,withoutrecoursetotheCompanytoactions suchasrealisingsecurity(ifanyisheld);or

• thefinancialassetismorethan90dayspastdue.

CreditlossesaremeasuredasthepresentvalueofthedifferencebetweenthecashflowsduetotheCompanyinaccordance withthecontractandthecashflowsexpectedtobereceived.Thisisappliedusingaprobabilityweightedapproach.

Tradereceivablesandcontractassets

ImpairmentoftradereceivablesandcontractassetshavebeendeterminedusingthesimplifiedapproachinAASB9whichuses anestimationoflifetimeexpectedcreditlosses.TheCompanyhasdeterminedtheprobabilityofnon-paymentofthereceivable andcontractassetandmultipliedthisbytheamountoftheexpectedlossarisingfromdefault.

2.SummaryofSignificantAccountingPolicies(continued)

(f)Financialinstruments(continued)

FinancialAssets(continued)

Theamountoftheimpairmentisrecordedinaseparateallowanceaccountwiththelossbeingrecognisedinfinanceexpense. Oncethereceivableisdeterminedtobeuncollectablethenthegrosscarryingamountiswrittenoffagainsttheassociated allowance.

WheretheCompanyrenegotiatesthetermsoftradereceivablesduefromcertaincustomers,thenewexpectedcashflowsare discountedattheoriginaleffectiveinterestrateandanyresultingdifferencetothecarryingvalueisrecognisedinprofitorloss.

Otherfinancialassetsmeasuredatamortisedcost

ImpairmentofotherfinancialassetsmeasuredatamortisedcostaredeterminedusingtheexpectedcreditlossmodelinAASB9. Oninitialrecognitionoftheasset,anestimateoftheexpectedcreditlossesforthenext12monthsisrecognised.Wherethe assethasexperiencedsignificantincreaseincreditriskthenthelifetimelossesareestimatedandrecognised.

Financialliabilities

TheCompanymeasuresallfinancialliabilitiesinitiallyatfairvaluelesstransactioncosts,subsequentlyfinancialliabilitiesare measuredatamortisedcostusingtheeffectiveinterestratemethod.

ThefinancialliabilitiesoftheCompanycomprisetradeandotherpayables.

(g) Property,plantandequipment

Eachclassofproperty,plantandequipmentiscarriedatcostorfairvalueless,whereapplicable,anyaccumulateddepreciation andimpairment.

Itemsofproperty,plantandequipmentacquiredfornilornominalconsiderationhavebeenrecordedattheacquisitiondatefair value.

Wherethecostmodelisused,theassetiscarriedatitscostlessanyaccumulateddepreciationandanyimpairmentlosses. Costsincludepurchaseprice,otherdirectlyattributablecostsandtheinitialestimateofthecostsofdismantlingandrestoring theasset,whereapplicable.

Assetsmeasuredusingtherevaluationmodelarecarriedatfairvalueattherevaluationdatelessanysubsequentaccumulated depreciationandimpairmentlosses.Periodic,butatleasttriennial,valuationsbyexternalindependentvaluersareperformed. Inperiodswhentheassetsarenotsubjecttoanindependentvaluation,theDirectorsconductDirectors'valuations.

Revaluationsareperformedwheneverthereisamaterialmovementinthevalueofanassetundertherevaluationmodel.

Landandbuildings

Landandbuildingsaremeasuredusingtherevaluationmodel.

Plantandequipment

Plantandequipmentaremeasuredusingthecostmodel.

Depreciation

Property,plantandequipment,excludingfreeholdland,isdepreciatedonareducingbalancebasisovertheasset'susefullifeto theCompany,commencingwhentheassetisreadyforuse.

(g)Property,plantandequipment(continued)

Depreciation(continued)

Thedepreciationratesusedforeachclassofdepreciableassetareshownbelow:

Fixedassetclass Depreciationrate

Buildings                                                        2%

PlantandEquipment                                           40%

Leasedplantandequipment                                8%-20%

Rightofuseassets                                              50%

Attheendofeachannualreportingperiod,thedepreciationmethod,usefullifeandresidualvalueofeachassetisreviewed.Any revisionsareaccountedforprospectivelyasachangeinestimate.

(h) Impairmentofnon-financialassets

AttheendofeachreportingperiodtheCompanydetermineswhetherthereisanyindicationthatanassetmaybeimpaired.

Wherethisindicatorexistsandregardlessforindefinitelifeintangibleassetsandintangibleassetsnotyetavailableforuse,the recoverableamountoftheassetisestimated.

Whereassetsdonotoperateindependentlyofotherassets,therecoverableamountoftherelevantcash-generatingunit(CGU) isestimated.

TherecoverableamountofanassetorCGUisthehigherofthefairvaluelesscostsofdisposalandthevalueinuse.Valueinuse isthepresentvalueofthefuturecashflowsexpectedtobederivedfromanassetorcash-generatingunit.

Wheretherecoverableamountislessthanthecarryingamount,animpairmentlossisrecognisedinprofitorloss.

Reversalindicatorsareconsideredinsubsequentperiodsforallassetswhichhavesufferedanimpairmentloss.

(i) Tradeandotherpayables

TradeandotherpayablesrepresenttheliabilitiesforgoodsandservicesreceivedbytheCompanyduringthereportingperiod thatremainunpaidattheendofthereportingperiod.Thebalanceisrecognisedasacurrentliabilitywiththeamountsnormally paidwithin30daysofrecognitionoftheliability.

(j) Employeebenefits

Short-termemployeebenefits

ProvisionismadefortheCompany’sobligationforshort-termemployeebenefits.Short-termemployeebenefitsarebenefits (otherthanterminationbenefits)thatareexpectedtobesettledwhollybefore12monthsaftertheendoftheannualreporting periodinwhichtheemployeesrendertherelatedservice,includingwagesandsalaries.Short-termemployeebenefitsare measuredatthe(undiscounted)amountsexpectedtobepaidwhentheobligationissettled.

TheCompany’sobligationsforshort-termemployeebenefitssuchaswagesandsalariesarerecognisedasapartofcurrenttrade andotherpayablesinthestatementoffinancialposition.

2.SummaryofSignificantAccountingPolicies(continued)

(j)Employeebenefits(continued)

Otherlong-termemployeebenefits

Provisionismadeforemployees’longserviceleaveandannualleaveentitlementsnotexpectedtobesettledwhollywithin12 monthsaftertheendoftheannualreportingperiodinwhichtheemployeesrendertherelatedservice.Otherlong-term employeebenefitsaremeasuredatthepresentvalueoftheexpectedfuturepaymentstobemadetoemployees.Expected futurepaymentsincorporateanticipatedfuturewageandsalarylevels,durationsofserviceandemployeedeparturesandare discountedatratesdeterminedbyreferencetomarketyieldsattheendofthereportingperiodoncorporatebondsthathave maturitydatesthatapproximatethetermsoftheobligations.Upontheremeasurementofobligationsforotherlong-term employeebenefits,thenetchangeintheobligationisrecognisedinprofitorlossasapartofemployeebenefitsexpense.

TheCompany’sobligationsforlong-termemployeebenefitsarepresentedasnon-currentprovisionsinitsstatementoffinancial position,exceptwheretheCompanydoesnothaveanunconditionalrighttodefersettlementforatleast12monthsafterthe endofthereportingperiod,inwhichcasetheobligationsarepresentedascurrentprovisions.

Definedcontributionschemes

Obligationsforcontributionstodefinedcontributionsuperannuationplansarerecognisedasanemployeebenefitexpensein profitorlossintheperiodsinwhichservicesareprovidedbyemployees.

(k) Fairvalue

TheCompanymeasuressomeofitsassetsatfairvalue.FairvalueisthepricetheCompanywouldreceivetosellanassetinan orderly(i.e.unforced)transactionbetweenindependent,knowledgeableandwillingmarketparticipantsatthemeasurement date.

Asfairvalueisamarket-basedmeasure,theclosestequivalentobservablemarketpricinginformationisusedtodeterminefair value.Adjustmentstomarketvaluesmaybemadehavingregardtothecharacteristicsofthespecificasset.Thefairvaluesof assetsthatarenottradedinanactivemarketaredeterminedusingoneormorevaluationtechniques.Thesevaluation techniquesmaximise,totheextentpossible,theuseofobservablemarketdata.

Totheextentpossible,marketinformationisextractedfromeithertheprincipalmarketfortheasset(i.e.themarketwiththe greatestvolumeandlevelofactivityfortheasset)or,intheabsenceofsuchamarket,themostadvantageousmarketavailable totheentityattheendofthereportingperiod(i.e.themarketthatmaximisesthereceiptsfromthesaleoftheasset,aftertaking intoaccounttransactioncostsandtransportcosts).

Fornon-financialassets,thefairvaluemeasurementalsotakesintoaccountamarketparticipant’sabilitytousetheassetinits highestandbestuseortosellittoanothermarketparticipantthatwouldusetheassetinitshighestandbestuse.

3.CriticalAccountingEstimatesandJudgements

Thedirectorsmakeestimatesandjudgementsduringthepreparationofthesefinancialstatementsregardingassumptions aboutcurrentandfutureeventsaffectingtransactionsandbalances.

Theseestimatesandjudgementsarebasedonthebestinformationavailableatthetimeofpreparingthefinancialstatements, howeverasadditionalinformationisknownthentheactualresultsmaydifferfromtheestimates.

Thesignificantestimatesandjudgementsmadehavebeendescribedbelow.

3.CriticalAccountingEstimatesandJudgements(continued)

Keyjudgements-Employeebenefits

Forthepurposeofmeasurement,AASB119EmployeeBenefitsdefinesobligationsforshort-termemployeebenefitsas obligationsexpectedtobesettledwhollybefore12monthsaftertheendoftheannualreportingperiodinwhichtheemployees rendertherelatedservices.AstheCompanyexpectsthatmostemployeeswillnotusealloftheirannualleaveentitlementsin thesameyearinwhichtheyareearnedorduringthe12monthperiodthatfollows(despiteaninformalCompanypolicythat requiresannualleavetobeusedwithin18months),theDirectorsbelievethatobligationsforannualleaveentitlementssatisfy thedefinitionofotherlong-termemployeebenefitsand,therefore,arerequiredtobemeasuredatthepresentvalueofthe expectedfuturepaymentstobemadetoemployees.

2021

4.CashandCashEquivalents

CashonHand 268

CashatBank 2,626,932 3,052,400 ElspethPearsonAward 36,986 56,316 TotalCashandCashEquivalents 2,663,918 3,108,984

2021

5.TradeandOtherReceivables

TradeReceivables

TradeDebtors 93,460 153,634 LossAllowance (1,788) (725) TotalTradeReceivables 91,672 152,909

OtherReceivables 19,682 17,306 TotalTradeandOtherReceivables 111,354 170,215

(a)ImpairmentofReceivables

2021

BalanceatBeginningoftheYear 725 2,058

AdditionalImpairmentLossRecognised/(Reversal) 1,063 (1,333)

Balanceatendoftheyear 1,788 725

6.OtherFinancialAssets

FinancialAssetsatAmortisedCost

Current TermDeposit 5,250,461 3,684,785 TotalCurrent 5,250,461 3,684,785

NonCurrent

TermDeposit 922,303 922,303 TotalNonCurrent 922,303 922,303

TotalFinancialAssetsatAmortisedCost 6,172,764 4,607,088

TotalOtherFinancialAssets 6,172,764 4,607,088

2022 2021

7.Otherassets

Current Prepayment 51,662 24,901

WASecuritydeposit 3,200 TotalCurrent 51,662 28,101

TotalOtherassets 51,662 28,101

8.Leases

Companyasalessee

TheCompanyhasleaseagreementsoveraitsofficepremisesinvariousstates.Informationrelatingtotheleasesinplaceand associatedbalancesandtransactionsareprovidedbelow.

Termsandconditionsofleases

TheCompanyhadleaseoveritsofficesinQueenslandandSouthAustralia,whichexpiredinJune2021.

Right-of-UseAssets

2022 2021

OfficesPremises 66,617 66,617

LessAccumulatedDepreciation (66,617) (66,617)

TotalRight-of-UseAssets

9.Property,PlantandEquipment Buildings

AtIndependentValuation 2,000,000 2,830,000

TotalBuildings 2,000,000 2,830,000

Leasehold&BuildingImprovements

AccumulatedDepreciation (9,773) (4,887)

TotalLeasehold&BuildingImprovements (9,773) (4,887)

ComputerEquipment

AtCost 110,665 64,195

AccumulatedDepreciation (45,842) (20,980)

TotalComputerEquipment 64,823 43,215

PlantandEquipment

AtCost 60,827 91,827

AccumulatedDepreciation (41,137) (60,034)

TotalPlantandEquipment 19,690 31,793

TotalProperty,PlantandEquipment 2,074,740 2,900,121 2022 2021

10.IntangibleAssets

In-HouseSoftware

Cost 205,567 205,567

AccumulatedAmortisationandImpairment (130,147) (89,034)

TotalIn-HouseSoftware 75,420 116,533

TotalIntangibleAssets 75,420 116,533 2022 2021

11.Payables

Current

GSTPayable 168,090 184,126

SundryPayablesandAccruedExpenses 224,026 256,280

TradeCreditors 285,929 61,570

TotalCurrent 678,045 501,976

TotalPayables 678,045 501,976

12.Provisions&EmployeeBenefits

Current AnnualLeave 177,526 166,900 LongServiceLeave 64,304 21,662

TotalCurrent 241,830 188,562

NonCurrent

LongServiceLeave 61,728 65,046 TotalNonCurrent 61,728 65,046

TotalProvisions&EmployeeBenefits 303,558 253,608

Provisionforemployeebenefitsrepresentsamountsaccruedforannualleaveandlongserviceleave.

Thecurrentportionforthisprovisionincludesthetotalamountaccruedforannualleaveentitlementsandtheamountsaccrued forlongserviceleaveentitlementsthathavevestedduetoemployeeshavingcompletedtherequiredperiodofservice.Based onpastexperience,theCompanydoesnotexpectthefullamountofannualleaveandlongserviceleavebalancesclassifiedas currentliabilitiestobesettledwithinthenext12months.However,theseamountsmustbeclassifiedascurrentliabilitiessince theCompanydoesnothaveanunconditionalrighttodeferthesettlementoftheseamountsintheeventemployeeswishtouse theirleaveentitlement.

Thenon-currentportionforthisprovisionincludesamountsaccruedforlongserviceleaveentitlementsthathavenotyetvested inrelationtothoseemployeeswhohavenotyetcompletedtherequiredperiodofservice.

Incalculatingthepresentvalueoffuturecashflowsinrespectoflongserviceleave,theprobabilityoflongserviceleavebeing takenisbaseduponhistoricaldata.Themeasurementandrecognitioncriteriaforemployeebenefitshavebeendiscussedin Note2(j).

2022 2021

13.ContractLiabilities

Current DeferredIncome 1,495,841 1,870,071 TotalCurrent 1,495,841 1,870,071

TotalContractLiabilities 1,495,841 1,870,071

2022 2021

14.Reserves

AssetRevaluationReserve 1,245,485 1,350,285 ReserveOTSchoolofVictoriaClinicalAward 359,950 359,950 TotalReserves 1,605,435 1,710,235

(a)Assetrevaluationreserve

Theassetrevaluationreserverecordsfairvaluemovementsonproperty,plantandequipmentheldundertherevaluation model.

14.Reserves(continued)

(b)OccupationalTherapySchoolofVictoriareserve

TheOccupationalSchoolofVictoriareserverecordsthefundsdonatedbytheOccupationalTherapyTrustFundandistobe appliedbyOccupationalTherapyAustraliafortheprimarypurposeofestablishingandoperatingtheOccupationalTherapy SchoolofVictoriaClinicalAward.

15.AccumulatedSurplus

AccumulatedSurplus

OpeningBalance 3,361,949 1,328,052

2021AdjustmenttoPriorYearEarnings (2,296)

NetSurplus/(Deficit)fortheYear

CurrentYearEarnings 471,827 2,036,193

TotalNetSurplus/(Deficit)fortheYear 471,827 2,036,193

TotalAccumulatedSurplus 3,833,776 3,361,949

16.EquityTransfers

2022 2021

EquityTransfersfromLiquidatedEntities (3,233,203) (3,233,203)

TotalEquityTransfers (3,233,203) (3,233,203)

17.CashFlowfromOperatingActivities

2022 2021

Profit/(Loss)fortheYear 471,827 2,036,193

Non-CashFlowsinSurplus/(Deficit):

DepreciationandAmortisation 78,634 99,913 LossAllowance (1,788) (1,333)

TotalNon-CashFlowsinSurplus/(Deficit): 76,846 98,580

ChangesinAssetsandLiabilities

(Increase)/DecreaseinTradeandOtherReceivables 60,174 (8,352)

(Increase)/DecreaseinOtherAssets (23,561) 78,268

Increase/(Decrease)inContractLiabilities (374,231) (115,002)

Increase/(Decrease)inTradeandOtherPayables 176,069 (92,187)

Increase/(Decrease)inEmployeeBenefits 49,950 (30,678)

TotalChangesinAssetsandLiabilities (111,599) (167,951)

TotalCashFlowfromOperatingActivities 437,074 1,966,822

18.FinancialRiskManagement

TheCompany'sfinancialinstrumentsconsistmainlyofdepositswithbanks,short-terminvestments,andaccountsreceivable andpayable.

18.FinancialRiskManagement(continued)

Thetotalsforeachcategoryoffinancialinstruments,measuredinaccordancewithAASB9asdetailedintheaccountingpolicies tothesefinancialstatements,areasfollows:

2022 2021

Financialassets

CashandCashEquivalents 2,663,918 3,108,984 TermDeposits 6,172,764 4,607,088 TradeandOtherReceivables 111,354 170,215

TotalFinancialassets 8,948,036 7,886,287

2022 2021

FinancialLiabilities

LeaseLiabilities

TradeandOtherPayables 678,045 501,976 TotalFinancialLiabilities 678,045 501,976

2022 2021

19.AuditorsRemuneration

AuditingtheFinancialStatements 11,400 11,000 AccountsCompilation 5,000 TotalAuditorsRemuneration 16,400 11,000

20.FairValueMeasurement

Thecompanyhasthefollowingassets,assetoutinthetablebelow,thataremeasuredatfairvalueonarecurringbasisafter theirinitialrecognition.TheCompanydoesnotsubsequentlymeasureanyliabilitiesatfairvalueonarecurringbasisandhasno otherassetsorliabilitiesthataremeasuredatfairvalueonanon-recurringbasis.

2022 2021

RecurringFairValueMeasurements

Property,PlantandEquipment(LessAccumulatedDepreciation)-Buildings 1,990,227 2,825,113

TotalRecurringFairValueMeasurements 1,990,227 2,825,113

RefertoNote9 Property,plantandequipment forthebasisofvaluation.

Anyperson(s)havingauthorityandresponsibilityforplanning,directingandcontrollingtheactivitiesoftheentity,directlyor indirectly,includinganydirector(whetherexecutiveorotherwise)ofthatentityareconsideredkeymanagementpersonnel.The namesandpositionsofexecutivemanagementare:

• MsSamanthaHunter(ChiefExecutiveOfficer)

TheDirectorsactinanhonorarycapacityandreceivenocompensationfortheirservices.Duringthefinancialperiod,traveland outofpocketexpensesincurredbytheDirectorsinfulfillingtheirroleswerereimbursed.

21.KeyManagementPersonnelCompensation(continued)

ThetotalremunerationpaidtokeymanagementpersonneloftheCompanywas$282,404fortheyearended30June2022 (2021:$281,054).

22.RelatedParties

(a) TheCompany'smainrelatedpartiesareasfollows:

(i)Keymanagementpersonnel:

Anyperson(s)havingauthorityandresponsibilityforplanning,directingandcontrollingtheactivitiesoftheentity,directlyor indirectly,includinganydirector(whetherexecutiveorotherwise)ofthatentityareconsideredkeymanagementpersonnel.

Fordetailsofremunerationdisclosuresrelatingtokeymanagementpersonnel,refertoNote21:KeyManagementPersonnel Compensation.

(b) Transactionswithrelatedparties

Transactionsbetweenrelatedpartiesareonnormalcommercialtermsandconditionsnomorefavourablethanthoseavailable tootherpartiesunlessotherwisestated.

23.Members'Guarantee

TheCompanyisincorporatedundertheCorporationsAct2001andisaCompanylimitedbyguarantee.IftheCompanyiswound up,theconstitutionstatesthateachmemberisrequiredtocontributeamaximumof$20eachtowardsmeetingany outstandingandobligationsoftheCompany.At30June2022thenumberofmemberswas11,566(2021:11,433).

24.Contingencies

Otherthanthefollowing,theCompanydoesnothaveanycontingenciesasat30June2022and30June2021.

OccupationalTherapyAustraliaLtdhasprovidedcommercialpropertyassecuritytoWestpacBankLtdfortheuseofMerchant Cardfacilities.

TheCompanyactsastrusteeoftheOccupationalTherapyAustraliaResearchFoundation(the"Trust")andliabilitieshavebeen incurredonbehalfoftheTrustintheCompany'scapacityasTrustee.TotheextentthattheTrustisunabletomeetany obligations,thetrusteemaybeheldliable.LiabilitiesincurredonbehalfoftheTrustarethereforenotrecognisedinthefinancial statementswhenitisnotprobablethattheCompanywillhavetomeetanyofthoseTrustliabilitiesfromitsownresources. WhenitisprobablethattheCompanywillhavetomeetsomeTrustliabilities,aprovisionforTrustliabilitieswillbebroughtto account.Inaddition,theCompanyastrusteehasarighttobeindemnifiedoutoftheTrustassetsforanyobligationnotmetby theTrust.

25.TrustInformation

OccupationalTherapyAustraliaLtdactedastrusteeoftheOccupationalTherapyAustraliaResearchFoundationTrust("the Trust")forthefinancialperiods.TheTrusthasa30JuneyearendbalancedateinaccordancewithitsTrustDeed.Thefinancial informationfortheTrustispresentedbelow:

StatementofProfitorLossandOtherComprehensiveIncome Revenue

InterestReceived 94 35 InvestmentIncome 12,101 10,429 SundryDonationsReceived 2,036 2,495

UnrealisedGainonRevaluationofFinancialAssets (32,375) 27,130 TotalRevenue (18,144) 40,089

Expenses

Accountingfees 2,750 4,400

Auditor'sRemuneration 1,850 1,630

BankCharges 20 DGRGrant 24,226 17,336

InvestmentManagementFees 3,844 3,803 LegalFees 6,600 ResearchAward 1,000 Subscriptions 561 608 TotalExpenses 33,231 35,397

Totalcomprehensivesurplus/(deficit) (51,375) 4,692

2021

StatementofFinancialPosition Assets

Cashandcashequivalents 67,979 97,067 Financialassets 284,944 309,062 TotalAssets 352,923 406,129 Liabilities

SundryPayables 5,600 7,432

TotalLiabilities 5,600 7,432

Netassets 347,323 398,697

26.EventsaftertheendoftheReportingPeriod

Thefinancialreportwasauthorisedforissueon1October 2022bytheBoardofDirectors

TheregisteredofficeofandprincipalplaceofbusinessoftheCompanyis: OccupationalTherapyAustraliaLtd Unit5,340GoreStreet FitzroyVictoria3065

Directors’ Declaration

DirectorsDeclaration

OccupationalTherapyAustraliaLimited Fortheyearended30June2022

Thedirectorsofthecompanydeclarethat:

1.Thefinancialstatementsandnotes,areinaccordancewithDivision60oftheAustralianCharitiesandNot-for-profits CommissionAct2012and:

•complywithAccountingStandard-ReducedDisclosureRequirementsandAustralianCharitiesandNot-for-profits CommissionRegulations2013;and

•giveatrueandfairviewofthefinancialpositionasat30June2022andoftheperformancefortheyearendedon thatdateoftheCompany.

2.Inthedirectors’opiniontherearereasonablegroundstobelievethatthecompanywillbeabletopayitsdebtsasand whentheybecomedueandpayable.

ThisdeclarationismadeinaccordancewitharesolutionoftheBoardofDirectors.

Director: Carol McKinstry

Sign date: 1st October 2022 Director: Paul Marsh Sign date: 1st October 2022