Eric Abetz (Tasmania, Liberal Party, Shadow Minister for Employment and Workplace Relations) Share this | Hansard source

asked the Minister for Tertiary Education, Skills, Jobs and Workplace Relations, upon notice, on 19 September 2011:

(1) What are the financial reporting requirements for entities registered under Fair Work Australia (FWA).

(2) Are entities required to disclose accounts based on Australian Securities and Investments Commission requirements, for example, executive remuneration, disclosure of conflicts of interest, requirements to trade solvently, requirement to disclose related entities and transactions; if not, why not.

(3) Does FWA require its registered entities to maintain written financial procedures to ensure that employer and employee funds are expended for legitimate purposes.

(4) Has FWA issued any policy statements in this regard; if so, can a copy of the statements be provided.

(5) Does FWA require its entities to use the services of an auditor and under what audit methodology or rules must an audit be conducted.

(6) What financial, and records, audits does FWA conduct of its registered entities, and how often are these deployed.

(7) What information gathering powers does the FWA have, and can a breakdown by each power together with which organisations were subjected to the power be provided for each occasion the FWA has exercised these powers since its inception.

(8) Does FWA have a power to deregister a non-complying registered entity and, currently, how many such actions are in train.

(9) Does FWA have the power to wind up a registered entity which is insolvent or is likely to become insolvent; if so, how do these procedures operate and how often have they been exercised.

(10) What expenditure procedures are currently in place for FWA commissioners and staff, including delegations, monetary thresholds and procedures for reporting breaches. 96 No. 53—20 September 2011

(11) What are the travel procedures relating to FWA personnel, (including procedures for air travel domestic, overseas, business, first and economy travel) along with approval procedures.

(12) What overseas travel has been undertaken by FWA personnel since its inception, and in relation to each trip, what was the destination, costs, person travelling and purpose of the trip.

(13) Can details be provided of FWA's conflict of interest policy for its commissioners and staff.

(14) Can a comprehensive appraisal be provided of how FWA resolves conflicts of interest when they arise–please detail procedures, personnel and reporting to the Minister and /or Parliament.