26 September 2023

Finance upgrades Annual Report requirements

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Guidance on the annual report requirements for the 2021-22 reporting period has been refreshed by the Department of Finance.

Releasing RMG-135 Annual reports for non-corporate Commonwealth entities, the Department said the guidance had been further enhanced using a digital first approach, “using plain English to make the guidance simple and engaging in a web based format”.

“While no major policy changes have been made in the 2021-22 reporting period, annual report coordinators are encouraged to familiarise themselves with the enhanced guidance,” Finance said.

It said the enhancements included new titles to outline what annual reporting was: i.e: Annual report content requirements; Publication and presentation requirements; and Revised guidance that provided suggested words to satisfy the requirement to report on Australia’s Disability Strategy 2021-2031.

Finance said RMG-135 also defined mandatory digital publication requirements, including standard data templates that entities were required to complete when producing and publishing the annual report using the Digital Annual Reporting Tool (the Tool)

It said updates to annual report content requirements included “a list of requirements to assist annual report coordinators in ensuring that annual reports include all mandatory reporting requirements”.

It said the publication and presentation requirements clearly outlined the tabling and online publishing requirements for entities.

Finance’s Annual reports for non-corporate Commonwealth entities can be accessed at this PS News link.

The Department’s digital annual report project also carries advice for corporate Commonwealth entities and Commonwealth companies.

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