Territory Stories

Documents - ; Slanderous and defamatory allegations made by Mr Stirling against Mr Cleanthous and Deo

Details:

Title

Documents - ; Slanderous and defamatory allegations made by Mr Stirling against Mr Cleanthous and Deo

Other title

Tabled paper 1563

Collection

Tabled Papers for 8th Assembly 1997 - 2001; Tabled Papers; ParliamentNT

Date

1999-10-20

Description

Tabledby Shane Stone

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/295353

Citation address

https://hdl.handle.net/10070/395075

Page content

GPO BOX 5551 DARWIN NT 0801 C I e a n t Ii o u s & D e o LOT 2285 PRESLEY STREET STUART PARK NT 0820 PHONE: (089) 81 0222 FAX: (089)81 0444 The Executive Members Ngadunggay Homeland Resource Centre Aboriginal Corporation PMB 900 Nhulunbuy NT 0881 Dear Members, RE: 1995 / 1996 AUDIT REPORT This correspondence is to highlight the issues that were brought about by the Auditors Mr Sullivan from De Castro & Sullivan and response to the qualifications. (a) Going Concern - Qualification The financial report has been prepared on a going concern basis. As stated in Note 1(e) to the financial report, the Association receives government funding. The future viability of the Association is dependent upon the continued financial support of the Associations government funding body, namely the Aboriginal and Torres Strait Islander Commission. Should the Association be unable to continue operations, adjustments would have to be made to reduce to value of assets to their recoverable amount, to provide for further liabilities which might arise, and to reclassify non-current assets as current assets. (a) Response This is a standard qualification that applies to most organisations that rely on government funding, which merely means, in the event the funding agencies do not fund the organisations, the organisation is not able to continue its operations. (b) Property, Plant & Equipment - Qualification The Association does not have a written lease over the land it occupies, and therefore it does not have tenant rights in relation to improvements made upon the land. Consequently, we have been unable to determine whether the depreciation rates applicable to such improvements are adequate or whether the values of certain assets are reasonable. During the year, the Association compiled an inventory of its buildings, plant and equipment and undertook a revaluation of these assets. It is uncertain whether managements valuation of these assets is reasonable. In addition, it was not possible to visit any outstations to sight property, plant and equipment items due to the apparent poor road conditions, the excessive distances involved and the lack of availability of appropriate transportation. partners LEO CLEAN1HOUSE SONNY DEO