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Objectives of the Organ and Tissue Authority

The Organ and Tissue Authority (OTA) is an Australian Government controlled entity. It is a not-for-profit (NFP) entity. The objective of the entity is to work with states and territories, clinicians and the community sector to deliver the Australian Government's national program to improve organ and tissue donation and transplantation outcomes in Australia.

The basis of preparation

The financial statements are general purpose financial statements and are required by section 42 of the Public Governance, Performance and Accountability Act 2013.

The financial statements have been prepared in accordance with:

+ Public Governance, Performance and Accountability (Financial Reporting) Rule 2015; and

+ Australian Accounting Standards and Interpretations – Reduced Disclosure Requirements issued by the Australian Accounting Standards Board (AASB) that apply for the reporting period.

The financial statements have been prepared on an accrual basis and in accordance with the historical cost convention, except for certain assets at fair value. Except where stated, no allowance is made for the effect of changing prices on the results or the financial position. The financial statements are presented in Australian dollars.

The continued existence of the entity is dependent on government policy and on continuing funding by Parliament for the entity's activities and programs.

New accounting standards

All new, revised, amending standards and/or interpretations that were issued prior to the sign-off date and are applicable to the current reporting period did not have a material effect on the OTA's financial statements.

Application of AASB 1059 Service Concession Arrangements: Grantors

The OTA has reviewed all arrangements (including leasing arrangements) that are controlled and administered by the OTA to assess whether AASB 1059 applies. There are no arrangements in which AASB 1059 would apply.


The OTA is exempt from all forms of taxation except Fringe Benefits Tax and the Goods and Services Tax (GST).

Reporting of administered activities

Administered revenue, expenses, assets, liabilities and cash flows are disclosed in the administered schedules and related notes.

Except where otherwise stated, administered items are accounted for on the same basis and using the same polices as for departmental items, including the application of Australian Accounting Standards.

Events after the reporting period

There was no subsequent event that had the potential to significantly affect the ongoing structure and financial activities of the OTA.