Impermanence
Breed
momenta , Love Lock
INDance
Tres Silence and Rapture
Club Origami
PPY Revealed
INDance
PKF(NS)
755
Level
Newcastle
info@pkf.com.au www.pkf.com.au
Sydney Dance Company
Notes to the Financial Statements
For the Year Ended 31 December 2024
The general-purpose financial statements of Sydney Dance Company (“the Company”) for the year ended 31 December 2024 were authorised for issue in accordance with a resolution of the directors on 30 April 2025.
Sydney Dance Company is a not-for-profit company, limited by guarantee. The registered office and principal place of business of the Company is: Wharf 4/5, Walsh Bay Arts Precinct, 15 Hickson Road, Dawes Point, NSW 2000.
The nature of the operations and principal activities of the Company are described in the Directors’ Report.
The Company is exempted from income tax by virtue of section 50-5 of the Income Tax Assessment Act, 1997.
The financial report is a general purpose financial report, which has been prepared in accordance with the requirements of the Australian Charities and Not-for-profits Commission Act 2012 and Australian Accounting Standards – Simplified Disclosures. The Company is not publicly accountable.
The financial statements: have been prepared on a historical cost basis are presented in Australian dollars ($) present reclassified comparative figures where required to conform with changes in presentation in the current year.
Going concern
The financial statements have been prepared on a going concern basis which assumes the Company will be able to pay its debts, as and when they become payable, for a period of at least 12 months from the date of the financial report.
The Company posted a deficit result for the year amounting to $1,924,160 (2023: deficit $1,773,194), and as at year end net assets of $3,863,235 (2023: $5,787,395) and net current assets of $2,568,188 (2023: $4,046,771). The Company generated net cash outflows from operating activities of $642,054 (2023: outflow $811,535). The Company does not have any bank or other external debt. The Company has Tenant Works Contribution commitments to the NSW Government which will fall due over the next 6 years in relation to the renewal of its Walsh Bay home. These commitments have been included in cash flow projections.
The ability of the Company to maintain its operations is dependent inter alia on the continuing support of various Governments by way of grants. The Tripartite Agreement is current for the period 2025-2028 with the Australia Council for the Arts and Create NSW, subject to the Company continuing to meet the requirements of the Tripartite Agreement. The Tripartite Agreement requirements include the achievement of agreed on key performance indicators.
The Company’s Directors have undertaken a thorough assessment of going concern; this review considered the operating budgets and detailed cash flow for the Company for the period 12 months from the date of these financial statements.
Notes to the Financial Statements
For the Year Ended 31 December 2024
1 Material Accounting Policy Information
The preparation of the Company’s financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the disclosure of contingent liabilities. Judgements and estimates which are material to the financial statements are found in the notes to the financial statements.
The Company based its assumptions and estimates on information which was available at the time the financial statements were prepared. These assumptions and estimates about future developments may change due to market changes or circumstances arising beyond the control of the Company.
(a)Revenue and other income
Revenue from contracts with customers
The revenue recognition policies for the principal revenue streams of the Company are:
Box Office including ticket sales
Ticket Sales - point in time - delivery of performance.
Fundraising and Sponsorship
On receipt where unconditional/nonreciprocal, or on delivery of event or project where sufficiently specific performance obligations are included in the contract.
Education
Point in time - provision of education experience
Sponsorship in Kind
Point in time or over a period depending on the nature of the in-kind. A corresponding expense is recorded at the time that revenue is recognised.
Commercial Dance Class including individual class fees, multipacks, and sale of gift vouchers. For both in-studio and virtual classes
1.Individual Class Fees - point in time - Provision of dance class.
2.Gift Vouchers – point in time – redemption date.
3.Multipacks – point in time for each individual class.
4.Membership – period of time – membership period.
5.Merchandise – point in time – sale
School Holiday Workshops
Over a period - delivery of workshop
Notes to the Financial Statements
For the Year Ended 31 December 2024
1 Material Accounting Policy Information
(cont'd)
(a)Revenue and other income (cont'd)
Grant revenue
Revenue from government grants is recognised as each performance obligation attached to each individual grant is met. The specific performance obligations vary depending upon the terms of each grant.
When the grant is provided to meet a specific expense and the performance obligations are sufficiently specific to meet AASB 15’s requirements, revenue from the grant is recognised over the period in which the relevant cost for which it is intended to compensate, is expensed.
Where a grant is provided to meet the overarching objectives of the Company and is not tied to specific, identifiable performance obligations, it is recognised immediately as revenue.
Other income
Other income is recognised on an accruals basis when the Company is entitled to it.
(b)Income tax
The Company is exempt from income tax under Division 50 of the Income Tax Assessment Act 1997
(c)Property, plant and equipment
Each class of property, plant and equipment is carried at cost less, where applicable, any accumulated depreciation and impairment.
Items of property, plant and equipment acquired for significantly less than fair value have been recorded at the acquisition date fair value.
Depreciation
Property, plant and equipment, excluding freehold land, is depreciated on a straight-line basis over the asset's useful life to the Company, commencing when the asset is ready for use.
The estimated useful lives used for each class of depreciable asset are shown below:
Fixed asset class Useful life
Plant and Equipment 2 to 10 years
Fixtures and Fittings
The useful lives of property, plant and equipment are reviewed at each financial year end and adjusted prospectively, if appropriate.
At each reporting date the Company assesses whether there is an indication that an asset may be impaired. There were no indications of impairment noted at 31 December 2024.
Notes to the Financial Statements
For the Year Ended 31 December 2024
1Material Accounting Policy Information (cont'd)
(c)Property, plant and equipment (cont'd)
An item of property, plant and equipment ceases to be recognised when it is disposed of or when no future economic benefits are expected to arise from its use or disposal. Any gain or loss arising on derecognition (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in the statement of profit or loss and other comprehensive income at the time of derecognition.
(d)Impairment of non-financial assets
At the end of each reporting period the Company determines whether there is evidence of an impairment indicator for non-financial assets.
Where an indicator exists and regardless for indefinite life intangible assets and intangible assets not yet available for use, the recoverable amount of the asset is estimated.
(e)Financial instruments
Financial instruments are recognised initially on the date that the Company becomes party to the contractual provisions of the instrument.
On initial recognition, all financial instruments are measured at fair value plus transaction costs (except for instruments measured at fair value through profit or loss where transaction costs are expensed as incurred).
Financial assets
All recognised financial assets are subsequently measured in their entirety at either amortised cost or fair value, depending on the classification of the financial assets.
Classification
On initial recognition, the Company classifies its financial assets into the following categories, those measured at:
amortised cost
fair value through profit or loss - FVTPL
Financial assets are not reclassified subsequent to their initial recognition unless the Company changes its business model for managing financial assets.
Amortised cost
The Company's financial assets measured at amortised cost comprise trade and other receivables and cash and cash equivalents in the statement of financial position.
Notes to the Financial Statements
For the Year Ended 31 December 2024
1Material Accounting Policy Information (cont'd)
(e)Financial instruments (cont'd)
Financial assets (cont'd)
Equity instruments
The Company has a number of strategic investments in listed and unlisted entities over which are they do not have significant influence nor control. The Company has made an irrevocable election to classify these equity investments as fair value through other comprehensive income as they are not held for trading purposes.
Financial assets through profit or loss
Net gains or losses, including any interest or dividend income are recognised in profit or loss.
Financial liabilities
The financial liabilities of the Company comprise trade payables and lease liabilities.
2 Critical Accounting Estimates and Judgments
The directors make estimates and judgements during the preparation of these financial statements regarding assumptions about current and future events affecting transactions and balances.
These estimates and judgements are based on the best information available at the time of preparing the financial statements, however as additional information is known then the actual results may differ from the estimates.
The significant estimates and judgements made have been described below.
Key Judgement - Government grant
Government grants are recognised when there is reasonable assurance that the grant will be received, and all attaching conditions will be complied with. Judgement is involved in determining the timing of this recognition.
Key estimates - Contract liabilities
The amount which relates to unused dance class tickets outstanding at year end is recognised as a contract liability. The contract liability is reduced by the value of tickets that are expected to remain unused at their expiry date. Estimates of the future use of these tickets, based on historical use of tickets, are applied in the calculation of this value
Key estimates - employee benefit
In determining the liability for long service leave consideration is given to expected future wage and salary levels, the amount of future oncosts, and anticipated periods of service.
Key estimates - Lease liability
In determining the amount of the lease liabilities, judgement has been applied in determining the option periods which are reasonably likely to be exercised and the incremental borrowing rate which would be applicable to the Company.
Notes to the Financial Statements
For the Year Ended 31 December 2024
3Revenue and Expenses
The Company’s refund policies are as follows:
Box Office - a refund is provided to customers where the performance is cancelled, rescheduled, or relocated prior to the event. To the extent that a performance is cancelled during its course, a ticketholder may be eligible for a full or partial refund depending upon the circumstances which caused the cancellation. In some circumstances the Company will apply its discretion and grant a refund where either the customer’s amenity or enjoyment has been diminished in some significant way. The amount of any refund is limited to the cost of the ticket purchased plus any direct transaction costs such as booking fees and credit card surcharges.
Dance Classes – Dance class purchases are non-refundable and non-transferrable. Credit notes are provided upon provision of a medical certificate.
Notes to the Financial Statements
For the Year Ended 31 December 2024
3Revenue and Expenses (cont'd)
(b)Government grant income included in the statement of profit or loss other
Adoption of AASB 16 Leases in 2020 changed the way that the Company accounts for rental expenses. Sydney Dance Company continues to receive in-kind rental support, no income or expense relating to in-kind rent assistance has been recognised in the current period as the Company has elected to record the right of use asset and lease liabilities at cost. The NSW Government estimates the value of the in-kind rental support to be $1,643,607 (2023: $970,557) for both Hickson Road and Lilyfield locations.
Notes to the Financial Statements
For the Year Ended 31 December 2024
3Revenue and Expenses (cont'd)
(c)Other Income breakup
(d)Salaries
(e)Depreciation expense included in the statement of profit or loss and other comprehensive income.
Notes to the Financial Statements
For the Year Ended 31 December 2024
4Fundraising
Sydney Dance Company undertakes fundraising appeals throughout the year and holds an authority to fundraise under the Charitable Fundraising Act, 1991 (NSW). Additional information and declarations to be furnished under this Act follows:
Details of aggregate gross income and total expenses of fundraising
Application of funds
Funds raised through individual giving and fundraising events support Sydney Dance Company’s activities.
Forms of fundraising*
Appeals held during the year ended 31 December 2024: General and Personal Appeals for the Commissioning Fund, Education activities, Annual giving program, and Capital Campaign, and Fundraising events include the annual fundraiser, Dance Noir, and commissioning dinner.
Agents
Sydney Dance Company employs professional staff to manage and co-ordinate its fundraising activities and does not engage commercial fundraising agents to secure donations.
Comparison of monetary figures and percentages for the year ended 31 December 2024:
Description Title
*No disclosure is provided as all income received and expenditure incurred is in connection with the presentation of Sydney Dance Company’s activities.
Notes to the Financial Statements
For the Year Ended 31 December 2024
5Cash and Cash Equivalents
Cash and short-term deposits comprise cash at the bank and on hand and short-term deposits with a maturity of three months or less. Cash at bank earns interest at floating rates based on daily bank deposit rates and short-term deposits earn interest at the respective short-term deposit rates. Cash at bank and on hand includes the balance of an endowed amount totaling. $33,650 (2023: $154,368) originally received in 2018. In accepting this endowment, the Company has agreed to utilise the proceeds of this endowment to develop and maintain the Hephzibah Tintner Artist Development Program. These funds are to be used over a 10-year period for the professional development of young artists under the program. Funds are held in a separate bank account. During the year, $5,344,720 was moved from Cash at bank and in hand to investments in managed funds.
6Trade and Other Receivables
A receivable is recognised if an amount of consideration that is unconditional is due from the customer (i.e., only the passage of time is required before payment of the consideration is due). Trade receivables, which generally have 1430 days terms and are non-interest bearing, are recognised and carried at original invoice amount less an allowance for expected credit losses. Expected credit losses are determined by a review of the specific trade receivables outstanding at any reporting date having regard to the nature of these receivables and their expected recovery. Revenues, expenses and assets are recognised net of the amount of GST. The net amount of GST recoverable from, or payable to, the taxation authority is included as part of receivables or payables in the statement of financial position. Cashflows are included in the Statement of cash flow on a gross basis. The GST component of cashflows arising from investing and financing activities, which is recoverable from, or payable to, the ATO is classified as part of operating cashflows.
Notes
to the
Financial Statements
For the Year Ended 31 December 2024
Notes to the Financial Statements
For the Year Ended 31 December 2024
8Property, Plant and Equipment (cont'd)
(a)Movements in carrying amounts
Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial year:
9Leases
Right-of-use assets Buildings $
(229,191) Balance
5,134,964
At the inception of a contract, Right-of-use assets are measured at cost, comprising the following: the amount of the initial measurement of the lease liability. plus lease payments made at or before the commencement date, less any lease incentives received; plus initial direct costs incurred; and less an estimate of costs to be incurred in restoring the underlying asset to the condition required by the terms and conditions of the lease.
Subsequently, right-of-use assets are depreciated on a straight-line basis over the term of the lease arrangement. They are also adjusted for any accumulated impairment losses or remeasurement of the lease liability.
SDC accounts for a lease modification (i.e., a change in the scope of a lease, or the consideration for a lease, that was not part of the original terms and conditions of the lease) as a separate lease (i.e., separate from the original lease) when both of the following conditions are met:
The modification increases the scope of the lease by adding the right to use one or more underlying assets. The consideration for the lease increases commensurate with the stand–alone price for the increase in scope and any adjustments to that stand–alone price reflects the circumstances of the particular contract.
Notes to the Financial Statements
For the Year Ended 31 December 2024
9Leases (cont'd)
Right-of-use assets (cont'd)
If both conditions are met, the lease modification results in two separate leases, the unmodified original lease and a separate new lease. SDC accounts for the separate contract that contains a lease in the same manner as other new leases.
For those lease modifications that do not result in a separate lease, SDC allocate the consideration in the contract and remeasure the lease liability (using the lease term of the modified lease and the discount rate (i.e., the interest rate implicit in the lease for the remainder of the lease term if that rate can be readily determined or if not the lessee’s incremental borrowing rate) as determined at the effective date of the modification.
Lease liabilities
The maturity analysis of lease liabilities based on contractual undiscounted cash flows is shown in the table below:
Both current and non-current lease liabilities shown above refer in the majority to payments to Create NSW for tenancy rent over the remaining 21 years of the lease and the tenant contributions required under the lease.
At the inception of all contractual arrangements the Company assesses whether the contract is, or contains, a lease. This determination is based on whether the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.
The lease term is determined as being the non-cancellable period of a lease, together with periods covered by an option to extend the lease if the lessee is reasonably certain to exercise that option; and periods covered by an option to terminate the lease if the lessee is reasonably certain not to exercise that option.
Where a contract contains a lease, the Company recognises a lease liability. The liability is measured at the present value of the lease payments outstanding at commencement for the non-cancellable lease period and any option periods which are reasonably expected to be exercised. Lease payments are discounted using the Company’s incremental borrowing rate which is determined having regard to the tenor of the lease and the nature of the asset.
Notes to the Financial Statements
For the Year Ended 31 December 2024
9Leases (cont'd)
Lease liabilities (cont'd)
Subsequently, the lease liability is measured by:
a.increasing the carrying amount to reflect interest on the lease liability.
b.reducing the carrying amount to reflect the lease payments made; and
c.remeasuring the carrying amount to reflect any reassessment or lease modifications or to reflect revised insubstance fixed lease payments.
The rent paid by Sydney Dance Company on all its premises is subsidised by the NSW Government and, as a consequence, is lower than market value. Due to the significant difficulty which would be encountered in estimating the market rental, the Company has relied on the temporary relief available under AASB 2018-8 Amendments to Australian Standards – Right- of-Use Assets for Not-for-Profit Entities. This amendment allows not-for- profit entities to elect to initially measure a class or classes of asset at cost where lease terms and conditions are significant belowmarket principally to enable the entity to further its objectives.
Where the Company has the unconditional right to defer the settlement of its lease obligations for at least 12 months after the reporting date they are presented as a non-current liability.
10Trade and Other Payables
Trade and Other payables are non-interest bearing and are recognised at the amount expected to be paid by the Company in settling the liability. They represent liabilities for goods and services provided to the Company prior to the end of the financial year for which the Company is obliged to make future payments. The amounts are unsecured and are usually paid within 30 days of recognition. Due to their short-term nature, they are not discounted. They are financial liabilities measures at amortised cost.
Included in Other Payables are liabilities for wages and salaries recognised in respect of employees’ services up to the end of the reporting period which are measured at the amounts expected to be paid when the liabilities are settled.
11Contract Liabilities
Notes to the Financial Statements
For the Year Ended 31 December 2024
11Contract Liabilities (cont'd)
Contract liability is recognised if a payment is received, or a payment is due (whichever is earlier) from a customer before the Company transfers the related goods or services. The key categories of contract liabilities relate to:
a.Dance class tickets which include 3, 5 and 10 pack dance class tickets which have an expiry date of 6 months (2023: 6 months). Dance class tickets include both studio and online class tickets.
b.Education activity relating to 2024 Pre-Professional Year payments and school matinee bookings.
c.Sponsorship income relates to contracted income received in advance of the performance obligation being satisfied.
d.Performance vouchers which are limited to performances within a specific year.
e.Gift vouchers for use in purchasing dance classes which have a 3-year expiry date.
12Employee Benefits
An annual leave liability is recognised in respect of employees’ service up to the end of the reporting period. These liabilities are measured at the amounts expected to be paid in future periods when the liabilities are settled.
The Company recognises a liability for long service leave measured as the present value of expected future payments to be made in respect of services provided by employees up to the reporting date. Expected future payments are discounted using market yields at the reporting date on high-quality corporate bonds with terms to maturity and currencies that match, as closely as possible, the estimated future cash outflows.
Where the Company has an unconditional right to defer the settlement of the long service leave for at least 12 months after the reporting date it is presented as a noncurrent liability.
Notes to the Financial Statements
For the Year Ended 31 December 2024
13Government
Advances
Government grant advances are recognised if a payment is received, or a payment is due (whichever is earlier) from a government related body when the performance obligations included in the government grants have not been fulfilled.
14Contributed Equity
The membership fees were contributed by the initial members upon establishment of the Company. In accordance with the Constitution, members are not entitled to any reimbursement or return of initial membership fees upon ceasing to be a member.
15Reserves
Reallocation from Hepzibah Tintner artist development
Capital reserve This company maintains a Capital reserve for the purpose of accumulating funds to pay for Sydney Dance Company’s costs and contribution to the Wharf Redevelopment Project including fit out.
Notes to the Financial Statements
For the Year Ended 31 December 2024
15Reserves (cont'd)
Reserves Incentive Scheme The funds received under the Reserve Incentive Scheme Agreement together with the company's contribution are held in escrow for a period of 15 years ending 2 April 2028 and are subject to the terms and conditions of the Reserve Incentive Scheme Agreement between the Australia Council for the Arts, Create NSW and the Company. The funds no longer are required to be separately disclosed and no funds were required to be paid into this account by the Company in 2024 (2023: nil). The funds have been held were held in short-term deposits and have now been invested in mixed portfolio investments.
Hephzibah Tintner Artist DevelopmentProgram Fund The company maintains the Hephzibah Tintner Artist Development Program Fund for the purpose of reserving the endowment funds received to support the development of young artists over a period of ten years. Please refer Note 5.
16Financial Risk Management
The Company is exposed to a variety of financial risks through its use of financial instruments.
The Company‘s overall risk management plan seeks to minimise potential adverse effects due to the unpredictability of financial markets.
The most significant financial risks to which the Company is exposed to are described below: Specific
Notes to the Financial Statements
For the Year Ended 31 December 2024
17 Fair Value Measurement
AASB 13 Fair Value Measurement requires all assets and liabilities measured at fair value to be assigned to a level in the fair value hierarchy as follows:
Level 1
Level 2
Level 3
Unadjusted quoted prices in active markets for identical assets or liabilities that the entity can access at the measurement date.
Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
Unobservable inputs for the asset or liability.
The table below shows the assigned level for the asset held at fair value by the company:
31 December 2024
Recurring fair value measurements
Level 1 measurements
The basis of the valuation of financial assets is fair value. Level 1 financial assets that have a regular mark-to-market mechanism for setting a fair market value. These assets are considered to have a readily observable, transparent price, and therefore a reliable fair market value.
18Related Parties
Total donations from directors were $258,039 for 2024 (2023: $373,808).
Key management personnel - refer to Note 19.
Transactions between related parties are on normal commercial terms and conditions no more favourable than those available to other parties unless otherwise stated.
Notes to the Financial Statements
For the Year Ended 31 December 2024
19Key Management Personnel Disclosures
(a)Details of Key Management Personnel
Current Directors
Emma-Jane Newton Chair
David Baxby Director (Resigned 1 July 2024)
Larissa Behrendt OA Director
Jillian Broadbent AC Director
David Friedlander Director
Emma Gray Director
Alexa Haslingden Director
Mark Hassell Director
Sandra McCullagh Director
Paris Neilson Director (Resigned 12 February 2025)
Bianca Spender Director
Andrew HaggerDirector
Michael DagostinoDirector
Executives
Rafael Bonachela Artistic Director
Lou Oppenheim Executive Director
Sean RadcliffeChief Financial Officer (Resigned on 16 January 2025)
Non-executive Directors of Sydney Dance Company do not receive remuneration for serving on the Board of Directors.
(b)Key Management Personnel
(c)Other transactions and balances with Key Management Personnel
There are no other transactions or balances with key management personnel other than the Directors’ donations disclosed in Note 18.
Notes to the Financial Statements
For the Year Ended 31 December 2024
20Commitments and Contingencies
In the opinion of the Directors, the Company did not have any commitment and contingencies at 31 December 2024 (31 December 2023: None).
21Events After the End of the Reporting Period
No matters or circumstances have arisen since the end of the financialyear which significantly affected or may significantly affect the operations of the Company, the results of those operations or the state of affairs of the Company in future financial years.
22Auditors' Remuneration
23Statutory Information
The registered office and principal place of business of the company is: Sydney Dance Company Wharf 4/5, Walsh Bay Arts Precinct 15 Hickson Rd, Dawes Point
NSW 2000
Sydney Dance Company
Directors' Declaration
In accordance with a resolution of the directors of Sydney Dance Company, I state that, in the opinion of the directors:
a)the financial statements and notes of Sydney Dance Company are in accordance with the Australian Charities and Notfor-profits Commission Act 2012, including:
i.giving a true and fair view of its financial position as at 31 December 2024 and performance for the year ended on that date;
ii.ii. complying with Australian Accounting Standards- Simplified Disclosures and the Australian Charities and Notfor-profits Commission Regulation 2013; and
(b)there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable.
i.the provision of the Charitable Fundraising Act (1991) and its regulations and the conditions attached to the authority to conduct fundraising have been complied with; and
ii.the internal controls exercised by the Company are appropriate and effective in accounting for all income received and applied to its fundraising appeals.
iii.the government funding received has been spent in accordance with funding agreements.
On behalf of the Board
Director
Emma-Jane Newton
Dated 30 April 2025
Declaration by Chairperson as required by the Charitable Fundraising Act 1991 (NSW)
I, Emma-Jane Newton, Chair of Sydney Dance Company, declare that in my opinion:
(a)the accounts for the year ended 31 December 2024, give a true and fair view of all income and expenditure of Sydney Dance Company with respect to fundraising appeals; and
(b)the statement of financial position as at 31 December 2024, give a true and fair view of the state of affairs of Sydney Dance Company with respect to fundraising appeals; and
(c)the provisions of the Charitable Fundraising Act 1991 (NSW) and the regulations under the Act and the conditions attached to the authority have been complied with: and the internal controls exercised by Sydney Dance Company are appropriate and effective for all income received and applied from any fundraising appea ls. Chair
PKF(NS) Audit & Assurance Limited Partnership
ABN 91 850 861 839
755 Hunter Street, Newcastle West NSW 2302
Level 8, 1 O’Connell Street, Sydney NSW 2000
Newcastle T: +61 2 4962 2688 F: +61 2 4962 3245
Sydney T: +61 2 8346 6000 F: +61 2 8346 6099 info@pkf.com.au www.pkf.com.au
Division 60 of the Australian Charities and Not-for-profits Commission Act 2012
Division 60 of the Australian Charities and Not-for-profits Commission Regulation 2013
Auditor’s Responsibilities for the Audit of the Financial Report
PKF(NS) Audit & Assurance Limited Partnership is a member of PKF Global, the network of member firms of PKF International Limited, each of which is a separately owned legal entity and does not accept any responsibility or liability for the actions or inactions of any individual member or correspondent firm(s). Liability limited by a scheme approved under Professional Standards Legislation.
Code of Ethics for Professional Accountants
Australian Charities and Not-for-profits Commission Act 2012