2010-2011

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

 

 

Family Assistance Legislation Amendment (Child Care Financial Viability) Bill 2011

 

(Amendments to be moved by Ms Ley)

(1)     Schedule 1, item 15, page 7 (lines 29 to 31), omit subsection (4), substitute:

             (4)  The Secretary may require only financial information that:

                     (a)  is of a kind listed in section 219GAA; and

                     (b)  relates to any of the 5 financial years immediately preceding the date of the   notice.

[financial information]

(2)     Schedule 1, item 15, page 8 (after line 15), after section 219GA, insert:

219GAA  Financial information that may be required

                   The following kinds of financial information may be required under section 219GA:

                     (a)  a statement of comprehensive income,  profit and loss statement or statement of financial performance;

                     (b)  a statement of financial position or balance sheet;

                     (c)  a statement of cash flows;

                     (d)  notes to the accounts;

                     (e)  information relating to material (that is, greater than 10%) changes to the financial situation over a reporting period;

                      (f)  information relating to breaches of debt covenants;

                     (g)  information relating to ownership and organisational structure;

                     (h)  information relating to sale or closure of child care services;

                      (i)  information relating to plans to purchase new child care services;

                      (j)  whether in the past 12 months any director was subject to personal bankruptcy proceedings or was a director of a company subject to insolvency proceedings;

                     (k)  whether the operator has guaranteed the debts of another organisation in the past 12 months.

[financial information]