ASMOF (NSW) Audited Accounts 2016

The Financial Accounts of the ASMOF (NSW) have been audited in accordance with the provisions of the Act. Certificates required to be given under the Act by the Accounting Officer and the Committee of Management have been completed in accordance with the provisions of the Act and contain no qualifications.

A copy of the Financial Report can be accessed here.

During the financial year, ASMOF’s Council, Executive and staff have focussed on growing the Union’s membership and consolidating the organisation’s financial stability.

Income from membership fees increased by 11% or about $280,000 on the previous year, to $2,774,292. Total revenue for the period ending 31st December 2016 is $3,207,604 and a rigorous approach to costs has resulted in a financial surplus of $405,499. This means that the union continues to be on a sound financial footing with reserves of $4,061,644 million.

In accordance with the requirements of the Act, the attention of members is drawn to the provision of the Sub-Sections (1) and (2) of Section 512 of the Industrial Relations Act 1991, preserved as regulations under section 282(2) - Industrial Relations Act 1996, which read as follows:

  1. A member of an organisation, or the Industrial Registrar, may apply to the organisation for specified information prescribed by the regulations in relation to the organisation.
  2. An organisation must, on the making of such an application, make the specified information available to the member or the Industrial Registrar in the manner, and within the time, prescribed by the regulations.

 


 

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