Federal Register of Legislation - Australian Government

Primary content

Rules/Other as made
This instrument amends the Public Governance, Performance and Accountability (Financial Reporting) Rule 2015 to tidy up specific reporting requirements applicable to some entities above the minimum required under tiered reporting arrangements and to implement annual updates for the 2017-18 financial reporting period.
Administered by: Finance
Registered 27 Mar 2018
Tabling HistoryDate
Tabled HR28-Mar-2018
Tabled Senate08-May-2018
Date of repeal 29 Mar 2018
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003
Table of contents.

Commonwealth Coat of Arms of Australia

 

Public Governance, Performance and Accountability (Financial Reporting) Amendment Rule 2018

I, Mathias Cormann, Minister for Finance, make the following rules.

Dated   19 March 2018

Mathias Cormann

Minister for Finance

 

 

  

  


Contents

1............ Name............................................................................................................................. 1

2............ Commencement............................................................................................................. 1

3............ Authority....................................................................................................................... 1

4............ Schedules...................................................................................................................... 1

Schedule 1—Amendments                                                                                                                          2

Public Governance, Performance and Accountability (Financial Reporting) Rule 2015      2

 


1  Name

                   This instrument is the Public Governance, Performance and Accountability (Financial Reporting) Amendment Rule 2018.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

The day after this instrument is registered.

28 March 2018

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under the Public Governance, Performance and Accountability Act 2013.

4  Schedules

                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1Amendments

  

Public Governance, Performance and Accountability (Financial Reporting) Rule 2015

1  Subsection 3(2)

Omit “2016”, substitute “2017”.

2  Paragraph 18(3)(a)

Repeal the paragraph, substitute:

                     (a)  an AAS (the listed AAS) listed in that item in relation to a matter (the listed matter) listed in that item; and

3  Subsection 18(3) (table)

Repeal the table, substitute:

 

Tier 1 reporting requirements

Item

Reporting entity

Listed matter

Listed AAS

1

Airservices Australia

Defined benefit superannuation

Financial instruments

Fair value measurement

AASB 7 Financial Instruments: Disclosure

AASB 13 Fair Value Measurement

AASB 119 Employee Benefits

2

Clean Energy Finance Corporation

Financial instruments

Fair value measurement

AASB 7 Financial Instruments: Disclosure

AASB 13 Fair Value Measurement

3

Department of Defence

Administered defined benefit superannuation

AASB 119 Employee Benefits

4

Department of Education and Training

Administered financial assets

Administered financial instruments

Administered fair value measurement

AASB 7 Financial Instruments: Disclosure

AASB 13 Fair Value Measurement

5

Department of Finance

Administered defined benefit superannuation

Administered investments

Administered financial instruments

Administered fair value measurement

AASB 7 Financial Instruments: Disclosure

AASB 13 Fair Value Measurement

AASB 119 Employee Benefits

6

Department of Foreign Affairs and Trade

Administered financial assets

Administered financial instruments

Administered fair value measurement

Non‑financial assets

Fair value measurement

AASB 7 Financial Instruments: Disclosure

AASB 12 Disclosure of Interests in Other Entities

AASB 13 Fair Value Measurement

AASB 116 Property, Plant and Equipment

7

Department of Industry, Innovation and Science

Administered financial assets

Administered financial instruments

Administered fair value measurement

AASB 7 Financial Instruments: Disclosure

AASB 13 Fair Value Measurement

8

Department of the Treasury

Administered financial instruments

Administered investments

Administered fair value measurement

AASB 7 Financial Instruments: Disclosure

AASB 12 Disclosure of Interests in Other Entities

AASB 13 Fair Value Measurement