Council Finances

20-12 Modification of statutory requirements in response to the COVID-19 pandemic

Category: Circular to Councils Status: Active Circular Details: 20-12/ 17 April 2020 / A696830 Contact: Council Performance Team / 02 4428 4100 / olg@olg.nsw.gov.au Previous Circular: 20-06 Novel Coronavirus COVID-19 Development Updates Attachments: Nil Who should read this: General Managers / Finance,...

20-11 Final Code of Accounting Practice and Financial Reporting (update 28) including Joint Organisations Supplement

Category: Circular to Councils Status: Active Circular Details: 20-11 / 30 March 2020 / A691689 Contact: Policy Team / (02) 4428 4100 / code@olg.nsw.gov.au Previous Circular: 19-04 – Final Code of Accounting Practice and Financial Reporting (update 27) including Joint Organisations Supplement...

19-30 Review of Impounding Act 1993 and Release of Discussion Paper

The NSW Government has announced the first comprehensive review of the Impounding Act 1993 since it commenced (the Act).

19-29 2019-20 Draft Code of Accounting Practice and Financial Reporting (update 28)

The draft Code of Accounting Practice and Financial Reporting (Code) (update 28) has been released for comment. Guidance material on AASB 16 Leases, AASB 15 Revenue from Contracts with Customers and AASB1058 Income of Not‑for-Profit Entities.

19-28 Annual Report and Annual Performance Statement Checklists

Councils can use the annual report checklist and joint organisations can use the annual performance statement checklist to ensure that all the information required under the Local Government Act 1993 (the Act), the Local Government (General) Regulation 2005 and other relevant legislation and guidelines is in their annual report and annual performance statement.

19-27 Extension of the rates path protection for new councils

New councils formed in 2016 that have opted out of the rates path protection extension will cease to be included under the Ministerial Determination issued for Section 218CB of the Local Government Act 1993. New councils that have decided to extend the rates path protection will be included under provisions of the Ministerial Determination to 2021. New councils formed in 2016 will be eligible to apply for a Special Variation or Minimum Rate Variation, regardless of whether they have opted out of the rates path protection extension.

19-21 – Release of IPC Guideline 1 Returns of Interests

The Information and Privacy Commission (IPC) has finalised and issued Guideline 1: For local councils on the disclosure of information contained in the returns disclosing the interests of councillors and designated persons (Guideline 1). Councils should review the positions they currently identify as designated persons in light of Guideline 1 by applying the principles set out in the attachment to this circular.

19-22 – Government response to IPART’s review of local government election costs

On 30 August 2019, the Independent Pricing and Regulatory Tribunal (IPART) provided its final report of its review of local government election costs to the Minister for Local Government. IPART’s final report is available here. On 18 September 2019, the Government released its response to IPART’s final report and announced that it intended to fund the NSW Electoral Commission’s (the Commission) core costs in relation to the administration of local government elections, thereby reducing councils’ election costs. The Government response to IPART’s final report is available here. Councils must make a decision on the administration of their elections by 1 October 2019, or soon thereafter, and must enter into any arrangement with the NSW Electoral Commissioner (the Commissioner) to administer their elections no later than 1 January 2020.

19-16 New Property Acquisition Standards to apply immediately to all acquiring authorities in New South Wales, including all general purpose and county councils

The Department of Finance, Services and Innovation (DFSI) has produced revised Property Acquisition Standards, that apply to all acquiring authorities in NSW, including General Purpose and County Councils.

19-15 End of Year Financial Reporting 2018-19

End of year financial reporting information has been updated for 2018-19. Councils need to review the attached end of year financial reporting information and apply it when completing the Financial Statements and Financial Data Return (FDR).