The Principal Consultant has approved the budget for the upcoming financial year of 2019 - 2020. You are now required to meet with the senior managers to communicate the budgets you have developed. You are also required to explain reporting requirements and financial delegations as outlined in the company's financial policy and procedures, as well as explain the company's compliance requirements and tax liabilities.

1. Develop a short report to provide to the management team at the meeting. The report must explain:
2. Date of report & name of author
3. GST reporting requirements (the company is required to report quarterly)
4. PAYG withholding obligations
5. PAYG income tax instalment
6. Payroll tax obligations (state government)
7. Superannuation entitlements and requirement to comply with legislation regarding frequency of payment, choice of fund and reporting to staff.

1. Review the financial management policy and procedures and include the following:
2. The roles and responsibilities of each authorised person
3. Identify two (2) potential financial risks you have identified for the business.

1. Ensure your report is accurate and error free, and set out in a standard business format.

1. Print copies of your Financial Compliance report and your budget that you have developed for your meeting.