Management reports to Public

NOTE: THIS IS A DIAGRAM ONLY. The compliance model has a tendency to bring all operators under the one umbrella. After all, we all live on the same planet, and breathe the same air, and drink the same water. There are a number of different reporting entities that will apply the compliance model. These range from non-profit to profit entities and small to large entities. Here is an overview of the key reporting entities in Australia.

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The formal Annual Report that goes to the members at the Annual General Meeting (AGM). It contains the annual report including the Directors' Report, the Directors' Statement, the Balance Sheet, the Profit & Loss Account, notes to the accounts and Auditor's Statement.

• CO-OPERATIVES (ADOPTION OF NATIONAL LAW) ACT 2012

NOTE: THIS IS A DIAGRAM ONLY. If we apply the compliance model to our operations, this results in key compliance factors and a number of key questions that arise that help us evaluate our operations, short, medium and long term. Profitability is no longer the key concept. There are bigger and more important issues.

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A well thought out annual report for a company limited by guarantee registered under

A well thought-out annual report for a company limited by guarantee registered under

A well thought-out annual report for an incorporated association registered under

A simple model for planning the remuneration package for the board of a company limited by guarantee.

A well thought-out annual report for an incorporated association registered under

NOTE: THIS IS A DIAGRAM ONLY. The key in the future to working out our short, medium and long term success will be compliance factors used in annual reporting. We will have to be prepared to adjust our operations, year-by-year, to guarantee compliance. If we wait a decade, it will be far too late. This brings the compliance model into contact with the reporting entities model and generates a new or enhanced role for the annual report. We expect to see the compliance factors playing a stronger and stronger role in reporting.

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