13. Complete the following activities: 1. Prepare for your meeting. Conduct research and develop a report on key financial compliance requirements and liabilities for tax in preparation for your meeting. " " " - - - - - Develop a short report to provide to the management team at the meeting. The report should explain: GST reporting requirements (the company is required to report quarterly) PAYG withholding obligations PAYG income tax instalment Payroll tax obligations (state government) Superannuation entitlements and requirement to comply with legislation regarding frequency of payment, choice of fund and reporting to staff. Review the financial management policy and procedure that sets out reporting requirements and financial delegations. Include your findings in your report. Ensure your report is accurate and error free, and set out in a standard business format. Print copies of your report and your budget that you have developed for your meeting. 5. Participate in the budget meeting (Role-play - template provided below). At the meeting you will need to discuss: " - - - - Discuss the budget you have developed and the rationale for the budget Discuss the amounts allocated to activity, including the conference and the e- book. Provide an outline of the financial policy and procedure so as to ensure that roles and responsibilities are understood and risks of misappropriation of funds/incorrect recording of financial transactions is minimised. Explain the company's key financial compliance requirements and tax liabilities. At the meeting ensure you provide your assessor with all required documentation and you will need to demonstrate effective communication skills by: - - Speaking clearly Providing concise information in a language that is appropriate for the audience Responding to questions as required Using active listening techniques to confirm or clarify information