2018-02-06 Planning & Environment Committee Agenda

PLANNING & ENVIRONMENT COMMITTEE MEETING AGENDA   6 FEBRUARY 2018




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PLANNING & ENVIRONMENT COMMITTEE MEETING AGENDA                                                                         6 FEBRUARY 2018

                Noosa Biosphere Reserve Trust
               ABN 12733 644 586

                Independent Audit Report to the members of Noosa Biosphere Reserve
               Trust

                Report on the Audit of the Financial Report

               Opinion

               We have audited the financial report of Noosa Biosphere Reserve Trust, which comprises the statement of financial
                position as at 30 June 2017, the statement of profit or loss and other comprehensive income, the statement of changes in
               equity and the statement of cash flows for the year then ended, and notes to the financial statements, including a summary
               of significant accounting policies, and the responsible persons' declaration.

                {n our opinion the financial report of Noosa Biosphere Reserve Trust has been prepared in accordance with Division 60 of
               the Australian Charities and Not-for-profits Commission Act 2012, including:

                (i) giving a true and fair view of the Registered Entity's financial position as at 30 June 2017 and of its financial
                    performance for the year ended; and

                (ii) complying with Australian Accounting Standards to the extent described in Note 1, and Division 60 of the Australian
                    Charities and Not-for-profits Commission Regulation 2013.

                Basis for Opinion

               We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are
               further described in the Auditor's Responsibilities for the Audit of the Financial Report section of our report. We are
                independent of the Registered Entity in accordance with the auditor independence requirements of the Australian Charities
                and Not-for-profits Commission Act 2012 (ACNC Act) and the ethical requirements of the Accounting Professional and
                Ethical Standards Board's APES 110 Code of Ethics for Professional Accountants (the Code) that are relevant to our audit
                of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

               We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

                Emphasis of Matter - Basis of Accounting

                We draw attention to Note 1 to the financial report, which describes the basis of accounting. The financial report has been
                prepared for the purpose of fulfilling the Registered Entity's financial reporting responsibilities under the ACNC Act. As a
                result, the financial report may not be suitable for another purpose, Our opinion is not modified in respect of this matter.

                Responsibilities of Responsible Entities for the Financial Report

                The responsible entities of the Registered Entity are responsible for the preparation of the financial report that gives a true
                and fair view and have determined that the basis of preparation described in Note 1 to the financial report is appropriate to
                meet the requirements of the ACNC Act and the needs of the members. The responsible entities’ responsibility also
                includes such internal control as the responsible entities determine is necessary to enable the preparation of a financial
                report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

                In preparing the financial report, the responsible entities are responsible for assessing the Registered Entity's ability to
                continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis
                of accounting unless the responsible entities either intend to liquidate the Registered Entity or to cease operations, or have
                no realistic alternative but to do so.

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