SDA News 2018 Spring by SDA NSW

SDANEWS OFFICIAL MAGAZINE OF THE SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, NEW SOUTH WALES BRANCH  SPRING 2018 RRP $10.00

THE UNION FOR WORKERS IN RETAIL.FAST FOOD.WAREHOUSING

SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, NSW BRANCH

WWW.SDANSW.ORG.AUPHONE 131 SDA 

STREET ADDRESS: Level 3, 8 Quay Street, Sydney NSW 2000 POSTAL ADDRESS: PO Box K230, Haymarket NSW 1240 E-MAIL: secretary@sdansw.asn.au

SDA NEWS EDITOR:

Bernie Smith, Level 3, 8 Quay Street, Sydney NSW 2000 Please address all correspondence to “The Secretary”.

UNION OFFICERS: SECRETARY: Bernie Smith ASSISTANT SECRETARY: Robert Tonkli PRESIDENT: Cheryl Cassell

ORGANISERS LEAD ORGANISER: Angela Ghanime

METROPOLITAN: Anthony Maiatico, Anthony Attard, Caroline Israel, Chris Stefanovski, Mina Papadopoulos, Tina Callaghan, Joel Tynan, Karl San Pedro, Anthony Day, Whitney Rizk, Alex del Rosario, Alison Varga, Josip Blazevic, Nathan Egan, Jessica Rebbechi, Ben Uphill, Mary Graham, Xavier Walsh, Christopher Raj, Mary Axiak, Jacinta Moore, Alexander Kennedy, James Lu, Nathan Beard

REGIONAL: Lower South Coast, Southern Highlands & Canberra: Narelle Atkins, Hugh McLaurin and Joe Rebbechi  phone 6273 2300 Riverina (Wagga/Albury): Struan Timms  phone 6921 8820 Western NSW (Orange/Dubbo): Louise Buesnell and Loretta Turner (part-time Organiser)  phone 6362 1965 Far North Coast (Ballina/Tweed): Trevor McCosker  phone 6686 4192 Wollongong & Illawarra: Vera Cavanagh and Di Dixon (part-time Organiser)  phone 4228 3611 Coffs Harbour and Armidale Region: Mariusz Werstak and Bridget Sheridan  phone 6650 9950 WAREHOUSING AND MANUFACTURING: Joseph Bourke, John Paul Sialafau, Alex Velickovic

SPECIALISTS INDUSTRIAL OFFICERS: Bernard Govind, Mitchell Worsley, Aliscia Di Mauro, Rose Ghabache, Monica Rose WORKERS’ COMPENSATION OFFICER: Michael Babic WHS OFFICER: Jane Lui SENIOR OPERATIONS OFFICER: Felicity Smithson OPERATIONS OFFICER: Phil Walker COMMUNICATIONS OFFICERS: Michael Walker, Peter Frawley, Paul Farrugia INFORMATION OFFICERS: Corrine Boyle, David Uzzell, Georgina Psillis, Renee Jaajaa, Nadia Olic, Jessica Chidiac EDUCATION OFFICER: Philippe LeCompte

A Fair Go All Round Our workplace laws used to be based on the very Australian concept of “a fair go all round”, the simple idea that workers should get a fair go. Work is a community where we spend much of our waking week, so our experience of fairness at work, or whether our voice is heard at work can sometimes reflect how fair we think our community is too! The SDA’s job has always been to bring together retail, fast food, warehouse and pharmaceutical workers to ensure you get a fair go at work and your voice is heard.

FighƟng for Fairness The SDA is fighting for fairness every day. Whether it is an individual member’s workplace issue (see page 5), a company-wide campaign, across the whole industry (see page 18), or across all industries (see page 17), the SDA will always fight for fairness.

Fair Pay

and clauses to reflect this in each new

Fair Go from Everyone

Agreement.

The campaign to end customer abuse and violence also continues to ensure that you are treated fairly by customers too because no one deserves a serve for doing their job (see page 11).

Australia needs a pay rise. All employers of workers in all industries, including retail and fast food employers, need to play their part by negotiating new Agreements and supporting fair pay rises. Most of those pay rises will be spent back in your shops and local takeaways, so your employer wins too.

Fair Go for Families It’s not just what you get paid, it’s also how and friends.

important, to help you plan your life to ensure a fair work-life balance. It’s also why your absolute right to have

Our aim in each negotiation is clear:

community and family (see page 19).

The SDA is also continuing to fight to protect penalty rates (see page 18) with a case to increase casual employees’ penalty rates, legislation to improve Sunday penalty rates



not overload or lift overloaded bags;

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refuse to fill dirty or unhygienic reusable bags;

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insist that bags are empty before you fill them; and

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be treated with dignity and respect. Any abusive behaviour should be reported.

That’s why regular secure rosters are so

shared time off with family and friends on

protect take-home pay;  improve penalty rates;  secure hard-won SDA conditions; and  pay rises for all. The strong and united work of SDA Officials, SDA Delegates and SDA members is seeing members win fair Agreements.

You have the right to:

much time you get to share with family

The SDA has been winning pay rises for members in new enterprise agreements, interim pay rises during bargaining or Award increases in the Fair Work Commission. There are many other Agreements currently being negotiated or being voted on by members. 

Many members have been through the difficult transition of phasing out singleuse bags. Now it is very important that you know your rights around reusable bags so that you are safe at work (see pages 6-7).

public holidays is so important too. Members have a right to take the time on special days like Christmas Day, Boxing Day and New Year’s Day to be part of your

For footy fans, don’t forget the day after the NRL Grand Final is a public holiday too for Labour Day, so take a break that day

As we head into the back end of the year you can know that your Union, the SDA, will be out in workplaces, in bargaining negotiations, in the Fair Work Commission and in the community fighting for fairness for you. I would like to thank all SDA Delegates and SDA Officials for the great work you do for members every day. Together we fight for fairness because everyone deserves “a fair go all round”.

and have a well-earned rest. SDA Union Picnic Day is also coming up, so make sure you come along to a local SDA event (see pages 12-13). I particularly encourage all Coles members to have the day off to enjoy with friends.

Bernie Smith, Branch Secretary

SDA NEWS I SPRING 2018 I PAGE 3

FOR OVER 100,000 NSW AND ACT RETAIL WORKERS

On 1 July, over 100,000 NSW and ACT retail workers received pay rises fought for them by their Union.

SDA-NEGOTIATED PAY RISES FROM 1 JULY 2018

That’s over $25 million going to hard-working employees this year to spend in our economy to help it grow.

EMPLOYER

INCREASE

COLES SUPERMARKETS AGREEMENT 2017

3.50%

HARRIS SCARFE

3.50%

MYER

3.50%

JUST GROUP

3.50%

DAVID JONES

2.70%

BUNNINGS SMALL FORMAT STORES

2.70%

At the SDA, we understand that a strong economy

BUNNINGS RETAIL TRADE

2.75%

is underpinned by an expanding middle class,

COLES EXPRESS

1.50%

the cost of living rises, and the pressure on

COLES LIQUOR

1.50%

working families grows. That’s why the SDA works

BARBEQUES GALORE

3.50%

not a shrinking one. Wages must keep up as

hard to make sure members get fair and decent wage increases.

TARGET

BE PART OF A UNION THAT WORKS FOR RETAIL WAGES TO GO UP. BECOME AN SDA MEMBER TODAY.

sdansw.org.au

Your SDA membership – providing a fair go by Robert Tonkli Assistant Secretary

It pays to be in the

She is a person, not a number. She

SDA. Sometimes

had given 30 years of service to her

you might be

employer. Like all employees, she

working with

deserved to be treated with respect.

someone who isn’t

With a bit of planning and care, things

an SDA member

could have turned out a lot differently.

and they think they

It didn’t have to happen like this.

are getting it all

The CEO apologised, and the case was

without being a member. But when things go bad, they’re on their own. It’s when things are tough that your SDA membership matters most.

settled. Julie chose not to pursue reinstatement, and settled the case for more than her legal entitlements.

There are many good employers. But sadly,

But more importantly, through her SDA

the experience of some workers is that they

membership, Julie’s dignity was restored.

have been badly let down by their employer and not given a fair go. This is where the SDA can make a real difference.

Because of her action, workers at that company will perhaps be treated with a bit more dignity and respect in the future.

Some members at a different workplace were also made redundant. Because of the SDA’s intervention, they were able to get payouts well in excess of their minimum legal entitlements. At yet another workplace, we were able to help a number of members to find employment with other companies after their site closed down and their positions were made redundant. The SDA also intervened to make sure a member got ‘no safe job’ leave worth close to $8,000. Under the Fair Work Act, if an employee is in the later stages of her pregnancy and is unable to safely perform her role, an employer must either provide alternative duties, or provide the employee with paid leave until the birth of the child. Many employees (and employers) are not aware of this obligation.

A recent example comes to mind. Julie* was

Perhaps not. But without the advocacy

a private SDA member. She had worked in

of the SDA, Julie would not have had the

the back office of her retail employer for

opportunity to confront the CEO directly,

close to 30 years. One day, Julie turned up

settle her case out of court, and have

to work and found her desk cleared, and

some of her dignity restored.

her computer removed. This was how she learned she had been made redundant.

Your Union – working for you

Julie contacted the SDA.

There are many examples of the SDA

On her behalf, the SDA challenged the

making a difference to ensure that

termination as a non bona-fide redundancy.

people are treated with respect — not

Because of her SDA representation, a

as just a number.

meeting was set up with the company’s

Recently, we helped two SDA members

CEO and head of Human Resources.

recover more than $70,000 of unpaid

Julie took the opportunity to tell them

leave and redundancy entitlements in

directly how terribly she had been treated.

difficult circumstances.

She had worked hard for the company since

Without our intervention, there was a

it started, but at the end, was treated like a

high chance the members would have

Be it raising awareness about customer abuse in the workplace, or making sure members get a fair go when difficult workplace issues arise, your SDA membership is making a real difference.

number. This was devastating to her.

received nothing.

*Name changed for privacy reasons

It pays to be a member of the SDA Of course, in each of these examples, non-members at each of these workplaces did not receive assistance from the SDA. Each of these outcomes was only possible because of the workers’ SDA membership. By being a member of the SDA, you are helping to ensure other members get assistance when they need it most.

SDA NEWS I SPRING 2018 I PAGE 5

SDA CAMPAIGN AT FOREFRONT IN B In June this year, the SDA launched the Don’t Bag Retail Staff campaign as part of our ongoing work to stop abusive and by Bernie Smith, violent customer Branch Secretary behaviour. Free single-use plastic bags are now not used nationwide in many major retailers such as Coles and Woolworths. Queensland and Western Australian have legislation banning the bag, and join South Australia, the Northern Territory, Tasmania and the ACT, who had already banned singleuse plastic bags. This has been a major change for many staff and customers. That’s why the SDA has been running a public campaign calling for customers to be prepared, and not to take out any frustrations on retail workers about the bans, because no one deserves a serve for just doing their job.

PAGE 6 I SPRING 2018 I SDA NEWS

In the lead up to the ban, the SDA consulted, and continues to consult, with employers to make sure they support staff to ensure that workers:  Understand the new bag rules;  Are supported when reporting issues related to abusive or violent behaviour from customers;  Are given training on handling new bags.

RIGHTS FOR RETAIL STAFF The SDA has made it a priority for members to know what their rights are, including key safety issues such as:  Don’t overload bags:  It’s important to always follow safe work practices.  Don’t overload bags or lift heavy bags if it is unsafe to do so.  If a customer wants more in the bag, they should pack the extra items themselves in their own bag after you have filled it to a normal level and it has been removed from the bag rack, so you don’t lift overweight bags.

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

 



 



Your right to refuse dirty and unhygienic bags: You have the right to refuse to handle a reusable bag if it is extremely dirty and unhygienic. Packing a reusable bag shouldn’t be a health risk to you. Customers’ bags should be empty: Customers’ reusable bags should be given to you empty to pack. Never put your hand into a bag that has other items in it. Politely ask the customer to remove items before you fill the bag. This is to avoid the risk of injuries, including needle-stick injuries. Abusive or violent behaviour from customers: You should not have to tolerate any abusive or violent customer behaviour about changes to the bag rules. You have the right to a safe work environment and customers should not take out their frustrations on staff about paying for a reusable bag. Report any incidents of customer abuse or violence to your supervisor.

N BAG BAN

New bag varieƟes take longer to fill

TARGETING ABUSIVE BEHAVIOUR FROM CUSTOMERS

New rules around bags have come into effect in many retail workplaces and members working on registers have been doing their best to manage.

In addition to educating members about their rights, the SDA has been running online video and radio ads to remind customers about the new bag rules. It is crucial to create awareness about this in the community and call on customers to treat staff with respect at all times.

One issue that has arisen is that it is not as straightforward as you might think to serve people who bring their own bags.

DON’T OVERLOAD by Chris Stefanovski, Organiser

Firstly, customers can make unrealistic demands regarding the amount of product that fits into a bag. A customer’s

preference is acceptable up to a point, but members have to remain firm about not overfilling bags. This might not always be easy — especially if the customer hasn’t brought

While this is a big change for customers and retail staff, with a small amount of patience and preparation, we will get through this change — just as our members in the ACT did several years ago, when single-use plastic bags were banned there.

enough bags and therefore has to purchase extra — but it is necessary for both your

No one deserves to be abused simply for doing their job.

DON’T BE RUSHED!

NATIONWIDE MEDIA

Because bags brought by customers come in many shapes and sizes, it is of course going

The plastic bag bans made national headlines for several weeks. In the lead-up to the change, and during and after it, the SDA’s campaign remained front and centre on national and local television news, radio interviews, in print, and in online news. Our online ads were shared far and wide and seen and heard thousands of times across the country, reaching more than two million people. Our simple message is that everyone deserves a safe workplace, and saying to customers Don’t Bag Retail Staff. The Don’t Bag Retail Staff campaign is another example of how SDA members are fighting for respect at work – because No One Deserves A Serve.

safety and for that of customers themselves. Because they have to be lifted at a distance from the body, overfilled bags are a health and safety hazard. If a customer is insistent that their bag be filled beyond what you think is reasonable, they can be invited to lift it themselves. It’s not an ideal solution, but it’s better for you in the long run, rather than dealing with abuse from people who want to be unreasonable.

to take longer to fill them than it used to take when all bags were the one standard size. Retailers are going to take a while to adjust to this and, at the moment, do not seem to have factored it into their rostering practices. I’ve noticed many long queues when visiting stores in my area. Employees naturally start to feel the heat when there is a long line of people and they can feel pressured to rush. So just remember: It’s not your fault if there haven’t been enough people assigned to the registers to cope with the volume of work. Work at the pace you need to work without endangering yourself. And do raise it with your manager or with the Union because workload is a health and safety issue.

SDA NEWS I SPRING 2018 I PAGE 7

New Agreement at Woo

PAGE 8 I SPRING 2018 I SDA NEWS

oolworths

Following extensive negotiations between the SDA and Woolworths Supermarkets, a new Agreement is ready for members to vote on. Voting on the by Bernie Smith, Agreement will Branch Secretary occur online at: www.eavote.com.au from 11-22 October 2018 Make sure you have your say. The Agreement delivers an outcome consistent with the SDA’s four key priorities, set and endorsed by hundreds of SDA store Delegates at meetings held throughout Australia: Protection of your take-home pay New and increased penalty rates Yearly wage increases Most hard-won union conditions retained The Agreement protects existing team members’ pay and ensures that existing team members’ take-home pay will increase with: Regular pay rises. Higher weekday pay rates protected for existing employees. New and increased penalty rates. New laundry allowance payable to everyone in preferred dress. If approved by team members, the Agreement will commence either on 7 January 2019 or 7 days after approval by the Fair Work Commission, whichever is the later. The Agreement has a nominal expiry date of 4 years after the date of approval. For more details on the new Agreement, go to www.sda.com.au/ woolworths

SDA NEWS I SPRING 2018 I PAGE 9

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No One Deseves A Serve – Everyone Deserves Respect Reporting abusive customer behaviour is a key step towards a safer store. The SDA is dedicated to by Bernie Smith, Branch Secretary ensuring that retail, fast food and warehousing workers have a safe and healthy working environment.

workplace and getting better protections When someone gets injured at work, you report it. If you were to slip from a spill on the floor at work, you would report it. If you were burned by hot oil, you would make a report. Being on the receiving end of abusive or violent behaviour is a safety hazard too.

Safety Demands AcƟon Week 2018

It can have a serious impact on your

Each year during Safety Demands Action Week, we speak to thousands of workers across the country about the health and safety issues that are important to you, and how to help make workplaces safer.

Employers have a legal responsibility

Talking to workers about the health and safety issues on their sites helps the SDA and members to take action for safer workplaces.

It’s difficult to hold employers to account

This year’s focus

The safety chats we had with workers

The focus of this year’s Safety Demands Action Week was ‘customer abuse and violence is a workplace health and safety issue’.

across the country will be used to form a

Our aim was to create awareness about reporting customer abuse and violence, and to find out more about why many workers don’t report incidents. The SDA encourages workers to report all incidents of abuse and violence that occur at work — whether it happens to them or their workmates. We ask workers to take a pledge and commit to reporting all incidents. If incidents are not reported, the process of addressing abuse and violence in the

Raising awareness in our workplaces

for workers is much more difficult.

mental and physical health.

SDA Delegates and Organisers will be working on the issue of customer abuse in workplaces in the coming months. It is vital that all workers in shops and fast food outlets are part of the campaign. The three best ways to take part are:  SUPPORT IT — go to the No One Deserves A Serve website; 

REPORT IT — all incidents of customer abuse and violence should be reported to management and where appropriate the police; and



SORT IT — join your Union and encourage all your workmates to join the SDA so together we can sort out a solution so retail, fast food and warehouse workers are treated with respect.

to ensure health and safety issues are appropriately addressed. That’s why you should report it. if there is no report of abuse and violence — reporting creates an accurate record of the abuse.

national report and to let companies know what safety issues are important to our members.

Report it – don’t accept it The process for reporting health and safety issues such as abusive and violent customer behaviour is different depending on your employer and your store. Find out the correct procedure in your store, and when an incident occurs always report it to your supervisor. You should also report it to your SDA Health & Safety Rep or Delegate and your Health & Safety Committee if your store has one. Remember, you’re not alone. If, at any stage, you’re reporting incidents but don’t feel like you’re being appropriately supported, get in touch with the SDA for help on 131 732.

SDA NEWS I SPRING 2018 I PAGE 11

SHIP SYDNEY APPLICATION FOR 2018 SDA UNION PICNIC DAY TICKETS ON STARtt tttt

tt tttttttttttttttttttttttt tttt Address: tttttttttttttttttttttttttt e: Postcod tttt tttttt tttttttttttttttt Work Phone Number: tt tttt tttt Your SDA Membership No: tttttttt t ttt Home Phone Number: tt tttt tttt Mobile Phone Number: tttt tt ttttt E-mail Address: tttttttttttttttttttttttt ttt Employer: tttttttttttttttttttttttt ttttt Suburb/Town: tt tt tt tt tt tt tt tt tt tt tt tt $ttt.tt each Please send me ttt Members SDA Union Picnic Day Tickets @ $57.50 $ttt.tt Tickets @ $85.00 each^ Please send me ttt Non-member guests SDA Union Picnic Day $ttt.tt s* Please send me ttt Bus Passes @ $5.00 each for SDA member $ttt.tt guests^ Please send me ttt Bus Passes @ $12.50 each for non-member $t.tt Registered Post charge of $4.50 OR $t.tt Express Post charge of $6.00 (optional) $tttt.tt Total:

Name:

+ the special rate of $57.50 : Please supply SDA membership details for members accompanying you at ........... . . . . . Name . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SDA membership no: . . . . Name . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SDA membership no: . . . . . . . . . . ........... . . . . . Name . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SDA membership no: . . . . Name . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SDA membership no: . . . . . . . . . .

BUS TRAVEL*

I/we wish to travel by one of the limited bus routes as provided by the SDA  Penrith  Liverpool  Campbelltown  Wollongong  Blacktown  Hurstville

and wish to be picked up at the following stop:  Miranda  Greystanes  Oak Flats  Mount Druitt

+ there the SDA on 131 732 to confirm details. You can attach an additional page if *These stops are subject to change. Anyone with a large group should contact . as a guest of an SDA member. No more than one non-member guest per member is insufficient space on this application form. ^A non-member may only attend Union are not able to attend as guests. People who are eligible to be an SDA member but have elected not to join the

PAYMENT

tttt.tt OR t Mastercard t Visa Expiry Date: tt/tt Card Number: tttt tttt tttt tttt ttttt Cardholder’sName(pleaseprint): tttttttttttttttttttttt

I enclose my cheque/money order/credit card authority for $ pp p iate box):) (tick appropr Please charge my credit card (tic

______________________ Cardholder’s Signature: _______________________________________________________________ This coupon may be used as a Tax Invoice for ABN 74 415 123 375.

UNION PICNIC DAY 2018 HARBOUR CRUISE ON STARSHIP SYDNEY, TUESDAY 6 NOVEMBER 2018 This year, NSW SDA Union Picnic Day falls on Tuesday 6 November.

SYDNEY FUNCTION The SDA Union Picnic Day event for members in Sydney and Illawarra will be held on Sydney Harbour, aboard the Starship Sydney. The cruise departs from King Street Wharf at noon sharp, and returns at 5.00pm. For $57.50 per SDA member/$85 for non-member guests who work in an industry that the SDA does not cover#, our Picnic Day function includes:  Buffet lunch;  Two complimentary drinks;  Sweepstakes;  Raffle and prizes;  Live coverage of the Flemington races.

SUPPORT YOU UNION PICNIC R COME TO THE S DAY! MELBOURNE CU DA’S P ON STARSHIP DAY EVENT SYDNEY TICKETS GO ON GENER AL AT 9.00AM ON MOND SALE 3 SEPTEMBER – BUT AY HUR THEY’LL SELL OUT FAS RY – T!

TRANSPORT As in previous years, the SDA will be providing ing a limited number op off and pick of charter buses to the event. Buses will drop rnatively, you up just metres from King Street Wharf. Alternatively, oin the rest of can catch a train to Wynyard Station, and join day. the group at King Street Wharf before midday.

TICKETS Tickets can be ordered by:  Phoning 131 SDA (that’s 131 732);  Completing the form opposite and posting g it with your payment or credit card details to: 0. SDA, PO Box K230, Haymarket NSW 1240.

ORDERS MUST BE RECEIVED BY FRIDAY 19 OCTOBER 2018. #

People who are eligible to be an SDA member but have elected lected not to join the Union are not able to attend SDA Union Picnic Day as guests.

SDA NEWS I SPRING 2018 I PAGE 13 31

Scan faster! Pack quicker! Are these words familiar? Scan faster! Pack quicker! Unfortunately, in the fast-paced world in which we live, this can be by Jane Lui, WHS Officer too common and may even seem to be just part of the job. But is it? Increasingly, employees have reported companies applying pressure to perform tasks at certain rates. Last year, former employees of ALDI claimed in media reports that they had to scan 1,000 items per hour or face disciplinary action, including possibly being sacked. Can employers simply impose such impossible rates? When is enough, enough?

PAGE 14 I SPRING 2018 I SDA NEWS

Your safety must always come first Employees must follow all reasonable instructions given by employers. But for instructions to be reasonable, they must also be safe. Employees should not undertake tasks which they feel are unsafe, or undertake them in a manner which makes those tasks unsafe. This includes skipping vital steps which may ensure a worker’s safety, such as not getting a safety step or ladder to reach items above head height, or waiting for another person to help perform a twoperson lift. It also includes not working too fast. This does not mean workers should not work hard and try to perform tasks efficiently. It does mean that workers should not work at a pace which will cause — or potentially cause — injury to themselves or others.

So, for example, scanning at a rate that is so fast that a pile of groceries is left at the end for customers to bag quickly is not safe, as it could result in something falling on a customer, causing injury. If you are concerned about repetitive tasks and the effect they are having, check your safe operating processes or procedures. Often these processes will specify how tasks can be performed safely, such as by rotation. Remember, you must always have your breaks, too. And if you have to stay back to complete work, you should be paid for the time worked.

A guide only Companies may have scan rates and carton counts they use to help work out rostering. These, however, should only be used as a guide.

Not so super There are many variables that can affect a

Are you getting the superannuation you are entitled to?

worker’s rates, including being interrupted

$3.6 billion – that’s how much employees’ superannuation

by customers, or being called to do

went unpaid in one year.

other tasks such as assisting in service

Under the superannuation guarantee laws, employers

departments.

are required to pay an amount (currently 9.5% of ordinary

These should always be taken into account.

time earnings) into employees’ superannuation accounts by Mitchell Worsley, Industrial Officer

Also, some workers operate at a slightly slower rate than others for a number of

at least once every three months. This applies to any employee earning more than $450 a

reasons, including experience and dexterity.

month. If the employee is under 18, they also must work at least 30 hours per week.

All workers should follow their employer’s

Some enterprise agreements have additional requirements, such as specifying the

instructions, as long as they are reasonable

fund the super is paid into or requiring contributions to be made monthly.

and safe, to increase productivity.

It’s part of your enƟtlements

If you are performance-managed about your pick or scan rates, you should clearly explain any other factors which may have affected your rate. If you need support or

Super is a workplace entitlement for all employees that was won by unions. When negotiating for the super guarantee, unions agreed to take smaller wage increases in order to get better retirement savings for employees. So super is a

advice at any stage, speak to your SDA

workplace entitlement, just like minimum wages, penalty rates and annual leave.

Delegate or call 131 732.

Unfortunately, some employers see paying super as optional.

You should never feel pressured to work too

Recently, the SDA won a court case against the director of the Arora’s IGA

fast where it becomes unsafe.

supermarkets for not paying $350,000 of superannuation to SDA members. This was in addition to a separate case taken by the Australian Taxation Office (ATO) against the same director for $650,000 of unpaid super. Unfortunately, the director declared bankruptcy, meaning SDA members will probably not see any of the $1 million in super owed to them.

Vigilance is best Where super is not paid, we need to raise the matter as soon as possible before the issue gets out of hand. Here are some tips for ensuring you get the super you are entitled to: 

Check your super account regularly to ensure your payments are going in. The new REST smartphone app is an easy way to do this.



If you’re not getting paid super, contact the SDA.



Report the matter to the ATO.

The SDA and other unions are advocating for changes in the law to ensure better enforcement of super payments. But until the rules are changed, we need to be vigilant and do the best we can to ensure super contributions are made.

SDA NEWS I SPRING 2018 I PAGE 15

New freezer jackets at Woolworths Fresh new freezer jackets will hit Woolworths Supermarkets from October 2018! Woolworths has agreed to replace the existing freezer jackets with brand new ones, following representation from the SDA and our members in New South Wales and Queensland who reported concerns about the existing jackets that had become dirty and unhygienic. Woolworths Supermarkets have recently agreed to: 

Remove the existing freezer jackets from all stores across Australia



Replace old freezer jackets with brand new jackets (four per store)



Launder freezer jackets regularly



Hold spare stock of freezer jackets to swap when laundering cycles occur so employees always have a replacement clean jacket

This is a fantastic union win for Woolworths Supermarket members.

Safety is vital The safety of workers is paramount at the SDA – everybody has a right to work in a safe and healthy environment, which includes access to clean and safe Personal Protective Equipment (PPE) supplied by the employer. This policy change would not have been possible without the reports ﬁled by our New South Wales and Queensland members. It was the evidence of reports that forced the issue to be investigated and addressed in all stores across the country – the importance of reporting should not be underestimated. With the support of SDA members across Australia, we will continue to promote safe work practices at Woolworths. If you have any questions regarding freezer jackets or any other workplace health and safety issue, please speak with your store Delegate or Health and Safety Representative, or call the SDA.

PAGE 16 I SPRING 2018 I SDA NEWS

Changing the rules for a fairer Australia Australia’s workplace laws used to be based on the

We want:

simple idea that workers and employers should get



Fair pay:

“a fair go all round”.

– Restoring penalty rates;

Fairness should be at the heart of our workplace laws,

– Guaranteeing a living wage;

but at the moment the laws don’t seem to be fair to

– Free and fair bargaining;

workers.

– A strong Award system that can be improved in line with community standards

When workplace laws: 

allow penalty rates to be cut without increases to base



– Properly defined and limited casual employment;

rates of pay; 

– Permanent work, whether full-time or part-time, with

mean private sector pay rises across all industries are

fair roster rights;

not keeping up with inflation; 

– Equal rights for all workers, including site rates for

can’t tackle wage theft because the chance of getting

labour hire workers;

caught is so small; 

don’t stop superannuation going unpaid;



don’t allow workers to bargain to keep their jobs secure against labour hire;

More secure jobs:

– The right to bargain to prevent your job being outsourced. 

Enforceable rights at work: – A strong, independent umpire;

then the workplace rules are broken and we need to

– An end to wage theft;

change the rules.

– An end to unpaid superannuation;

The rules need to be changed to restore “a fair go all

– A right to arbitrate disputes;

round” to give all working people the basic rights they

– The right to join and be represented by your Union.

need to improve their living standards.

For more details, go to ChangeTheRules.org.au

SDA NEWS I SPRING 2018 I PAGE 17

ProtecƟng Your Penalty Rates Penalty rates are fair compensation for working at unsociable times of the day or the week and missing out on shared time with family and friends. Penalty rates have been won for workers over the years through their Union. In the retail and fast food industries, the SDA has by Bernie Smith, Branch Secretary been the only union that has won penalty rates for retail and fast food workers in the modern Awards. In 2010, the SDA won a case in the Fair Work Commission (FWC) to gradually increase penalty rates in the retail Award on Sundays. Since winning increases in penalty rates in the Award, the SDA has been trying to bring improved penalty rates into SDAnegotiated Agreements. At the same time, employer associations have been trying to cut penalty rates before the Fair Work Commission with some success.

Three ways the SDA is improving penalty rates for shop workers



THE AWARD AND CASUAL PENALTY RATES

The SDA is currently running a case before the FWC to increase casual penalty rates. As penalty rates are fair compensation for working at unsocial times, they should be paid equally to full-time, part-time and casual employees working at unsocial times.

PAGE 18 I SPRING 2018 I SDA NEWS

For casual employees, it means they should be paid their casual loading and the appropriate penalty rates. However, the current General Retail Industry Award does not pay casuals penalty rates on weeknights, or the full penalty rates on Saturdays. The SDA is currently running a case to increase casual penalty rates in the Award on weeknights and Saturdays to include the full 25% that full-time and part-time employees receive. The SDA is arguing to increase the casual rates of pay in the following way: Weeknights 6pm to 11pm Saturday 7am to 6pm Saturday 6pm to 11pm

Current Award 25% casual loading only 10% + 25% casual loading 25% casual loading only

SDA Case at FWC 25% + 25% casual loading = 50% 25% + 25% casual loading = 50% 25% + 25% casual loading = 50%

 LEGISLATION TO RESTORE SUNDAY PENALTY RATES 

The SDA is seeking to have Sunday penalty rates increased through legislation. The Fair Work Commission ruled to cut Sunday penalty rates in the Award last year. It was an unfair decision that retail, fast food and hospitality workers did not deserve and could not afford. It was a decision that did not take into account the needs of low-paid workers.

es The SDA and United Voice (the hospitality union) took every court action possible to overturn the unfair FWC decision, but the court found that the decision to cut penalty rates was legal regardless of whether it was fair. The only way to restore Sunday penalty rates now is if the Parliament legislates to return penalty rates to retail, fast food, pharmacy and hospitality workers. SDA members have been talking to politicians to get them to support returning Sunday penalty rates. The last vote was lost by only one vote — so we are going to keep on pressing for a new law to return Sunday penalty rates.

 BARGAINING TO IMPROVE PENALTY RATES 

The latest round of enterprise bargaining in the retail industry has been focused on four things: protecting members’ take-home pay; improving penalty rates; securing hard-won SDA conditions; and pay rises for all. With the strong and united support of SDA Delegates and SDA members, the SDA has been securing new Agreements with retailers that have met all four objectives. Coles members overwhelmingly endorsed a new Agreement with a vote of 90% support. We have achieved improved week night, Saturday and Sunday penalty rates. If we win increases to casual penalty rates, Coles members will get that too! At the moment, Woolworths members are considering and voting on a new Agreement that also improves penalty rates. The Agreement also has a clause that means if we win increases to casual penalty rates in the Award or restore Sunday penalty rates, then Woolworths members will get them too! The SDA is determined to protect members’ pay packets and increase them, which is why we are protecting penalty rates by: 



running a case in the FWC to increase casual penalty rates; fighting for legislation to restore Sunday penalty rates; and bargaining to improve penalty rates.

The best way to protect your penalty rates is by being an SDA member.

Now that the Christmas decorations ions are going up in stores, it’s time to think nk about your right to time off with your family and friends on the upcoming public holidays and at Christmas. If you work under an SDAnegotiated Agreement you will have the right to time off on public blic holidays, and you may also have th the right i ht tto time off on some other days that aren’t public holidays too. Below is a table that sets out your rights if you work in NSW under most SDA-negotiated Retail Agreements, but remember always check your Enterprise Agreement, your SDA Workplace Noticeboard or contact the SDA on 131 732 to know exactly what your rights to time off are. Don’t forget that in NSW Christmas Day and Boxing Day are both restricted trading days. Shops are only allowed to open on Boxing Day if every employee, including salaried managers, have freely volunteered to work on the day. All work on the day is strictly voluntary and it is a serious breach of the Retail Trading Act for an employer to roster someone to work on Boxing Day without first asking if they freely elect to work. It is also a serious breach of the law to harass someone to work if they have said they do not want to work on Boxing Day. All SDA members have access to a simple, legally-binding form to exercise your right not to work on Boxing Day. Simply fill in the form, keep a copy for yourself, and hand in the original to your manager. You can access the form by going to http://bit.ly/2fcntME or by scanning this image with your QR-enabled smartphone. Celebration

Day/Date

Is it a public holiday?

Do you have the right to time off?

Labour Day SDA Union Picnic Day Christmas Eve

Mon 1 October Tues 6 November

Yes Yes

Mon 24 December

Yes Only under SDA EBAs No

Christmas Day Boxing Day New Year’s Eve

Tues 25 December Wed 26 December Mon 31 December

Yes Yes No

New Year’s Day

Tues 1 January

Yes

Yes after 6pm* Yes Yes Yes after 6pm* Yes

*Work is voluntary after 6pm on these days in many SDA Agreements provided there are sufficient volunteers to operate the store. Check your Agreement or call 131 732.

INJURED EMPLOYEES ARE ENTITLED TO WORKERS COMPENSATION AND REHABILITATION

REPORTING INJURIES CORRECTLY I have had a few similar



The time and date of injury,

cases recently where injured



The nature of the injury,

workers reported a work-



The cause of the injury.

related injury to their boss, only to ﬁnd later that the injury was not being processed as a workers compensation injury. Employers need to be told

The register of injuries may be a book or a computer (electronic form). Most companies have an electronic register of injuries. If there is an electronic register of injuries, the supervisor or manager will assist the injured worker with

speciﬁcally that the injury

entering the details into the register of injuries upon being

is work related. A claim for

requested to do so by the injured worker. Injured workers

workers compensation needs to be reported correctly,

should request a hard copy of the details entered into the

otherwise difficulties may ensue.

computer for their personal ﬁles.

Notifying the employer

Some employers make the injured worker complete an

Workers compensation is not recoverable unless a

INCIDENT NOTIFICATION FORM. An incident notiﬁcation

NOTICE OF INJURY is given to the employer. A notice

form is sufficient evidence that the worker has given notice

of injury must be reported to the employer as soon as

of injury to the employer. Injured workers should always

possible after the injury happened.

request a copy of the completed incident notiﬁcation form.

The notice of injury may be given verbally or in writing,

If medical attention is needed, injured workers should, as

by Michael Babic Industrial Officer

and must be given to any person designated by the employer for that purpose, or to any person under whose supervision the worker is employed. Failure to give the employer notice of injury may lead to a claim being denied. A notice of injury must state:

soon as possible after reporting the injury, see their treating doctor and obtain a CERTIFICATE OF CAPACITY. The certiﬁcate of capacity should reﬂect how the injury occurred in the same terms as the notice of injury. This should help to avoid difficulties with respect to inconsistent histories as to what happened.



The name and address of the person injured;



The cause of the injury in plain language; and

In order to be paid for any time off work due to an injury,



The date on which the injury happened.

a certiﬁcate of capacity needs to be issued by the treating

doctor, stating the injured worker was unﬁt to work for the

Every workplace should contain a REGISTER OF

period of time taken off work due to the injury. A treating

INJURIES. Failure to have a register of injuries at every

doctor can refer to an earlier period of time of up to 90 days.

workplace is a breach of the Workers Compensation Act

If you experience any difficulties in reporting a work-related

and may lead to penalties. The recording of an injury in

injury, or any subsequent issues, contact the SDA.

the register of injuries as soon as possible after the injury occurred is sufficient for the purpose of giving notice of injury to the employer. The particulars to be entered into the register of injuries are the following: 

The name and address of the injured worker,



The worker’s age at the time of injury,



The worker’s occupation at the time of injury,



The industry in which the worker was engaged

Managers – keep out of medical appointments! All SDA members should be aware that managers and insurance companies have no right to attend your medical appointments, even if it is for a workrelated injury. This is supported by the Fair Work Ombudsman. Medical appointments are private. Tell any manager or insurance company representative that they are not entitled to attend. Contact the SDA if you need any help.

at the time of injury,

CONTACT THE SDA ON 131 SDA (131 732) AT ANY STAGE IF YOU NEED ANY ASSISTANCE WITH RESPECT TO YOUR WORKERS COMPENSATION CLAIM.

PosiƟve streak conƟnues Rest’s Core Strategy returned +8.76% for the financial year ending 30 June 2018. This was by Gerard Dwyer, significantly National Secretary higher than REST’s performance objective, which is to exceed inflation by at least 3% per year averaged over a 10 year period. The +8.76% return marks the ninth straight year of positive returns for Rest’s Core Strategy. Looking back on the financial year just ended, it can best be described as a tale of two halves. The first six months was marked by remarkably calm financial markets, while the second half was anything but calm. July to December 2017 was strong, as global share markets moved up to factor in stronger and broad based global growth, a pick-up in company profits, plus Trump’s tax cuts and promise of even more US infrastructure spending in the USA. Australian shares were boosted by rising prices for our export products. Confidence amongst Australians was also strong as house prices kept rising, interest rates remained low and the job market was buoyant. January to June 2018 was not so strong, and it was a lot more volatile. Somewhat ironically, it was strong USA growth that was the trigger of this volatility – it led to fears this growth could lead to stronger than desired inflation. Global markets did react well to President Trump’s trade war threat by raising tariffs which targeted China.

Markets were also nervous about the USA moving away from the Iran nuclear disarmament deal. Oil prices surged, the USA dollar strengthened and emerging markets, particularly China/Asia generally, plunged. Australian shares outperformed in spite of the challenges posed by the ongoing Banking Royal Commission and falling house prices. The Australian market was helped by a weaker dollar and also by our being perceived as a safe-haven amid the selloff in Asia. Our economy was viewed as being in a “Goldilocks” space; i.e. not too hot inflation and not too cold growth. This means our Reserve Bank will be in no rush to raise interest rates. Looking ahead, economic growth in the major global economies (the USA, Eurozone, Japan and China) has gathered pace in the past year and remains supportive of solid company profits. However, the value of almost every type of asset (property, infrastructure etc) already appears to be near peak. This, plus the many risks associated with shifting global central bank policy, trade issues and the risk of major political upheavals (for example, Iran, North Korea) on the horizon, markets are vulnerable to pullbacks. Accordingly, Rest sees good reason to keep our well-diversified and relatively conservative positions in place. Part of Rest’s active management approach involves regularly reviewing the mix of our investments to manage downside risk, and currently, around 12% of the Core Strategy is held in cash and around 42%, in Australian and overseas shares.

Hello progress Hello Rest App

The Rest App makes it easy to connect to your Super. Download or update your Rest App today.

Text “Welcome” to 0488 824 302 for a link to the app Product issued by Rest. Go online for a PDS to consider before deciding. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries. Google Play and the Google Play logo are trademarks of Google LLC.

SDA NEWS I SPRING 2018 I PAGE 21

Fast food w In 2017, the SDA conducted a survey about customer abuse and violence towards retail and fast food workers. Alarmingly, 81% of fast food workers surveyed indicated they have been subject to abuse from a customer at work. Nearly one in five workers surveyed had been subject to physical violence. by Monica Rose Industrial Officer

These statistics and the stories you shared are very concerning — this behaviour from customers is not acceptable and should not be part of the job. As you will have seen, the SDA has launched a campaign called No One Deserves A Serve to raise awareness and develop mechanisms to reduce the levels

Welcome to new members at Amazon Amazon.com.au has come to New South Wales, opening a new fulfilment centre in Moorebank in August. We welcome Amazon to NSW. A number of employees at Amazon have joined the SDA and membership continues to grow. We look forward to a long and rewarding future for these new members. Amazon is an amazing business success story, and we want to ensure it becomes an amazing success for Amazon workers in NSW by building up good pay and conditions as the business grows. The SDA – the union for retail, online retail and warehouse workers – welcomes our new members at Amazon to our fast-growing membership of online retail workers.

PAGE 22 I SPRING 2018 I SDA NEWS

The SDA is the mo The SDA has been advocating for models’ pay and entitlements since merging with the Models and Mannequins Guild in 1991. Here is some of our recent work: In June, we had a hand in recovering $7,700 owed to a group of models for a day’s work at a bridal expo. Also in June, models and creatives platform The Right Fit — after being contacted by us for advertising belowaward rates — issued a rate card giving its users guidance on the appropriate rate to ask for a job.

d workers deserve respect of customer abuse and violence towards retail and fast food workers. e

You may have seen or heard our ads earlier in 2018 which were aimed at reminding customers to think again before being violent or abusive towards retail workers.

Fast food specific acƟon We will soon be launching ads aimed at fast food customers with a similar message, reminding customers that fast food workers deserve kindness and respect; you do not deserve to be abused at work. The SDA is also talking with your companies at a National, State and local level about the issues of customer abuse. Your companies agree that this is not acceptable, and we are working together to make changes to reduce the likelihood of abusive behaviour by customers.

It is important that any time you are abused by a customer at work, whether it is verbal abuse or physical violence, that you report any incidents to your manager.

Sexual harassment is behaviour which is unwelcome, is sexual in nature and is unreasonable behaviour. It can include inappropriate comments, touching and also includes posts or comments on social media.

This helps the company to know where problems are and try to address them.

If you believe you have experienced sexual harassment, you should call the SDA Information Centre on 131 732 for information and assistance. Your call is confidential and the SDA will only provide assistance when you have requested us to do so.

By reporting incidents, you are also helping your workmates — there is less chance they will be abused by that customer too.

Another form of abuse Another alarming statistic in our 2017 survey is that one in ten fast food workers reported having experienced sexual harassment from a customer. Sexual harassment in the workplace is unacceptable whether it comes from a manager, workmate, contractor or customer.

The SDA is here to support fast food workers who are experiencing issues at work, including sexual harassment and customer abuse. Depending on the circumstances, you may also want to speak to the police. For counselling and support if you have experienced sexual assault, you can call 1800 Respect (1800 737 732).

models’ union, too... The platform’s stated rate for models is now a little above the Award rate. We have also set up a roundtable group called the Australian Model Industry Alliance (AMIA). This group brings the SDA together with employers and regulators who want to see conditions improved. For more infotmation on AMIA, go to australianmodelalliance.com.au. The SDA, with our partners in AMIA, are now lobbying for private changing areas for models at fashion week. Stay tuned for further developments!

SDA NEWS I SPRING 2018 I PAGE 23

Come together for a good cau

GO TO FUNDRAISE.NBCF.ORG.AU TO REGISTER OR FOR MORE INFORMATION

The National Breast Cancer Foundation’s (NBCF) premier fundraising event Pink Ribbon Breakfast is back! This October, you can help stop deaths from breast cancer by simply getting together with your friends, family and colleagues to raise funds for gamechanging breast cancer research. Registrations for the NBCF’s Pink Ribbon Breakfast are now open and all funds raised will support their goal of zero deaths from breast cancer by 2030.

Facts about breast cancer Now the most commonly diagnosed cancer in Australia, the incidence of breast cancer continues to grow. A staggering one in eight Australians will be diagnosed with breast cancer in their lifetime. This equates to 50 women facing a diagnosis each and every day in Australia. Every day, eight women will lose their lives to breast cancer. Every year, 3,128 women and 28 men will lose their lives to breast cancer.

PAGE 24 I SPRING 2018 I SDA NEWS

Helping to make a real diﬀerence In the 25 years since NBCF’s inception, the five-year survival rate for breast cancer has increased from 76% to 90%. Ultimately, NBCF is working towards a goal of zero deaths from breast cancer by 2030. The Pink Ribbon Breakfast is NBCF’s largest annual fundraising initiative. This October, NBCF aims to raise $1.5 million to fund research into effective prevention, detection and treatment of breast cancer. National Breast Cancer Foundation Chief Executive Officer, Professor Sarah Hosking is encouraging the community and businesses to rally together this October to host a Pink Ribbon Breakfast. “Pink Ribbon Breakfast is our largest fundraising initiative for the year. “It’s a fun and meaningful way to spend time with people you love, and anyone and everyone can get involved. “It’s simple, it’s social and it saves lives,” she continued.

This year’s focus This years’ campaign will focus on metastatic and triple negative breast cancers, key contributors to breast cancer deaths and hence a major focus of NBCF’s roadmap to achieving its zero deaths goal. NBCF-funded researcher Professor Alex Swarbrick from the Garvan Institute is currently conducting ground-breaking work analysing the genetics of individual cancer cells from women with triple negative breast cancer. This will help us to develop new targeted treatments to help improve and save the lives of Australians with triple negative breast cancer. Professor Hosking says, “Targeting aggressive breast cancer continues to be a core focus of NBCF-funded research. “This year, more than half of the new projects we are supporting are directed towards improving outcomes for women with metastatic or triple negative breast cancer.

ause “It’s a good start, but to achieve our goal of stopping deaths by 2030, we need continued support from the community.”

BE SMART ON FACEBOOK AND OTHER SOCIAL MEDIA

Have some fun

Be careful what you say on social media.

Pink Ribbon Breakfast is a fun, easy way to enjoy a catch-up with friends, family and/or colleagues, while contributing towards a serious cause — vital and potentially life-saving research that will lead to a better understanding of how to more effectively detect, treat and prevent breast cancer.

Comments on Facebook pages are regarded as public comments – they are not private.

Suzanne is one of NBCF’s most dedicated fundraisers and organises a Pink Ribbon Breakfast with her four sisters: “My older sister Margo is currently going through breast cancer for the third time; she was our inspiration to get involved. “At first, we decided to do a traditional Lebanese BBQ breakfast at home, then we started to go to little restaurants, and then three to four years ago we started gala dinners. “We have one goal in mind and that’s to raise much needed funds for NBCF. Margo is desperate to end breast cancer for good, as we all are. That’s our common goal.”

Avoid negative comments about your company, your manager or other employees on social media. Better not to mention them at all. Some members have come to us after “official warnings” or worse following unwise comments on social media. Be smart. When you go home, leave work behind you. Enjoy your social media for your social life, not your work life.

Register now! Your support will save lives. Get involved in Pink Ribbon Breakfast today: To register, visit nbcf.org.au/pink-ribbon-breakfast/ and you’ll get a FREE host pack to get started. Plan for October. Set a date, place and goal. Then invite your friends, family, and colleagues — get everyone involved! Raise funds. Have fun at your event. And remember, you’re funding game-changing breast cancer research. Spread the word about your fundraiser by using #PinkRibbonBreakfast

SDA NEWS I SPRING 2018 I PAGE 25

Illawarra Fly Tre

The Sydney Tower Eye

Madame Tussauds

SDA members and their families are entitled to a 20% discount on single adult and child entry tickets upon presentation of their current SDA membership card.

t (02) 9333 9222 a sydneytowereye.com.au

t (02) 9333 9240 a madametussauds.com/sydney

t (02) 8251 7800 a sydneyaquarium.com.au

WILD LIFE Sydney

Australian National Maritime Museum

SDA members and the to a 20% discount on s entry tickets upon pres current SDA membersh 1300 362 881. w

Sydney Aquarium, Darling Harbour

Currumbin Wildlife Sanctuary, Gold Coast

Featherdale Wildlife Park, Doonside

SDA members and their families are entitled to a 20% discount on single adult and child entry tickets upon presentation of their current SDA membership card.

SDA members and their families are entitled to a 20% discount upon presentation of their current SDA membership card.

SDA members and their families are entitled to a 25% discount upon presentation of their current SDA membership card.

t (02) 9333 9288 a wild-life.com.au

t (02) 9298 3777 a anmm.gov.au

t (07) 5534 1266 a cws.org.au

t (02) 9622 1644 a featherdale.com.au

Gold Coast Attractions SDA members and their families are entitled to a 15% discount at these leading Gold Coast attractions:

Movieworld*

Seaworld*

Wet’n’Wild Dreamworld White Water Skypoint Water World* t (07) 5588 1111 World t (07) 5582 2700 t 133 FUN t 133 FUN (07) 5588 1111 t (133 386) (133 386) a dreamworld. a whitewaterworld. a skypoint. t 133 FUN myfun.com.au a myfun.com.au com.au com.au com.au a a myfun.com.au *Please note: you must pre-purchase your tickets through the SDA website to access the discounts on these attractions.

Trent Driving School Book with Trent and receive a $10 discount on any full-priced lesson*. Use coupon code SDATrent when booking. Go to ltrent.com.au for more information. *oﬀer only available to students that are new to Trent Driving School. Not valid with any other oﬀer.

Europcar Rentals SDA members receive exclusive rates when they rent with Europcar. Simply quote 47699503 when making your booking. No PIN or Velocity number is required. For more information, phone Europcar on 1300 131 390 or go to europcar.com.au.

PAGE 26 l SPRING 2018 l SDA NEWS

Keeping you covered on your journey Every SDA member in NSW* is covered by our free

journey insurance as part of their Union membership. dŽ ĮŶĚ ŽƵƚ ŵŽƌĞ͕ ƐƉĞĂŬ ƚŽ ǇŽƵƌ ĞůĞŐĂƚĞ Žƌ KƌŐĂŶŝƐĞƌ͕ ĐŽŶƚĂĐƚ ƚŚĞ ^ ŽŶ ϭϯϭ ϳϯϮ͕ Žƌ ŐŽ ƚŽ ƐĚĂŶƐǁ͘ŽƌŐ͘ĂƵ Ύ d ŵĞŵďĞƌƐ ĂƌĞ ĐŽǀĞƌĞĚ ĨŽƌ ũŽƵƌŶĞǇ ĐůĂŝŵƐ ƵŶĚĞƌ ƚŚĞ d͛Ɛ ǁŽƌŬĞƌƐ͛ ĐŽŵƉĞŶƐĂƟŽŶ ůĂǁƐ͘

www.engagingmembers.com.au

TO PURCHASE YOUR TICKETS...

t n u o Disc ie Tix Mov

+ order online at www.sdansw.org.au, + phone the SDA on 131 SDA (131 732) with your credit card details, or + purchase them in person at the SDA Sydney Office between 8.30am

and 4.00pm Monday to Saturday (except on public holidays).

ALL TICKET OPTIONS ARE NOW AVAILABLE ONLINE! All SDA Movie Tickets are now available as e-tickets,, which you can print at home or redeem on a smartphone. Order online at sdansw.org.au.

SDA NSW BRANCH + 131 SDA (131 732) + WWW.SDANSW.ORG.AU SDA NEWS I SPRING 2018 I PAGE 27

SHOP, DISTRIBUTIVE & ALLIED EMPLOYEES’ ASSOCIATION: FINANCIAL REPORTS FOR THE YEAR ENDED 30 JUNE 2018 SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, ANNUAL FINANCIAL REPORT 30 JUNE 2018 OPERATING REPORT FOR THE YEAR ENDED 30 JUNE 2018 The members of the National Executive present their report together with the financial report of Shop, Distributive & Allied Employees’ Association (‘the Association’) for the financial year ended 30 June 2018 and the auditor’s report thereon. 1. MEMBERSHIP Membership of the Association as at 30 June 2018 was 207,131 (2017: 207,037). Persons eligible to do so under the rules of the Association were actively encouraged to join the Association. Pursuant to s174 of the Fair Work (Registered Organisations) Act 2009 (“RO Act”) and in accordance with Rule 27 of the Association, members have the right to resign from the Association by written notice to the appropriate Branch of the Association. 2. COMMITTEE OF MANAGEMENT The members of the National Executive of the Association at any time during or since the end of the financial year are: Name Mr Joseph de Bruyn National President Mr Michael Donovan National Vice President Mr Gerard Dwyer National Secretary-Treasurer

Experience National Executive Member since 1978 National Secretary-Treasurer 1978-2014 National President since 2014 National Executive Member since 1996 National Vice President since 2014 National Executive Member since 2005 National President 2008-2014 National Secretary-Treasurer since 2014 National Executive Member since 2016 National Assistant Secretary since 2016 National Executive Member since 1990 National Executive Member since 2004 National Executive Member since 2016 National Executive Member since 2014 National Executive Member since 2014 National Executive Member since 2014

Ms Julia Fox National Assistant Secretary Mr Paul Griffin Ms Barbara Nebart Ms Sonia Romeo Mr Bernie Smith Mr Chris Gazenbeek Mr Peter O’Keeffe 3. AFFILIATIONS & DIRECTORSHIPS The Association, through its Branches, is affiliated with the Australian Labor Party (“ALP”). Delegates were credentialed to various state and national meetings of the ALP. The National Secretary-Treasurer is a member of the ALP National Executive and the Australian Labor Advisory Council. The Association is affiliated with the Australian Council of Trade Unions (“ACTU”). The National Secretary-Treasurer is Senior Vice President of the ACTU, and a director of ACTU Trustee companies ACTU Member Connect Pty Ltd and The Union Education Foundation Limited. Three other representatives of the Association are also members of the ACTU Executive. Officials of the Association are active on a range of ACTU Committees, including finance, governance, tax, health and safety, women, vocational education and training, workers capital, international and industrial legislation. The Association is affiliated to Union Network International (“UNI”). Various officials of the Association hold elected positions within UNI. The National Secretary-Treasurer is Vice President of UNI-APRO. The National Secretary-Treasurer is President of UNI-APRO Commerce Sector. The National Assistant Secretary is Vice President of UNI World Women’s Committee. 4. PRINCIPAL ACTIVITIES The Association maintained its industrial awards and agreements and produced a range of publications for its members. During the year ended 30 June 2018, the Association launched a significant campaign on Customer Violence & Abuse in Retail and Fast Food, called “No One Deserves A Serve”. New enterprise agreements were negotiated with a range of employers, including but not limited to, Coles, Debenhams, Ikea, Harris Scarfe and a range of warehouse agreements. These agreements all resulted in improved wages and working conditions for the employees covered by them. The Association continues its defence of penalty rates in its major awards and also protects other entitlements from attack by employers. The Association also promotes and protects members by participating in a range of legislative inquiries and reviews. There were no significant changes in the Association during the financial year in the nature of its activities and financial affairs. At 30 June 2018, there were 14.7 effective full-time equivalent employees of the National Office of the Association (2017: 13.5). Further information is available on the SDA National website at www.sda.org.au. 5. SDA REPORT TO THE WORKPLACE GENDER EQUALITY AGENCY The Shop, Distributive and Allied Employees’ Association, as required by the Workplace Gender Equality Act 2012, lodged its public report for the reporting year 2017-2018, to the Workplace Gender Equality Agency, on the 6th June 2018. The report is available on the SDA National website at www.sda.org.au. 6. SUPERANNUATION TRUSTEES Four representatives of the Association hold positions as Directors of the Retail Employees’ Superannuation Trust (“REST”). Below are the directors as at 30 June 2018, along with the nominated alternate Employee Directors. Directors: Alternates: • Mr Joseph de Bruyn • Mr Gerard Dwyer • Mr Ian Blandthorn • Mr Michael Donovan • Mr Michael Tehan (appointed October 2017) • Ms Aliscia Di Mauro • Ms Julia Fox (appointed January 2018) • Ms Aliscia Di Mauro The following REST directors retired during the financial year: • Mr Geoff Williams (retired October 2017) • Ms Sue-Anne Burnley (retired January 2018) National Executive Member Mr Paul Griffin was a Director of the Tasplan Superannuation Fund until October 2017. 7. INFORMATION TO BE PROVIDED TO MEMBERS OR GENERAL MANAGER In accordance with the requirements of subsection 272(5) of the RO Act, the attention of members is drawn to the provisions of subsections (1), (2) and (3) of section 272, which states as follows: • A member of a reporting unit, or the Commissioner, may apply to the reporting unit for specified prescribed information in relation to the reporting unit to be made available to the person making the application. • The application must be in writing and must specify the period within which, and the manner in which, the information is to be made available. The period must not be less than 14 days after the application is given to the reporting unit. • A reporting unit must comply with an application made under subsection (1). Dated at Melbourne this 23rd day of August, 2018 Joseph de Bruyn Gerard Dwyer National President National Secretary-Treasurer

PAGE 28 I SPRING 2018 I SDA NEWS

COMMITTEE OF MANAGEMENT STATEMENT We, Gerard Dwyer and Joseph de Bruyn, being two members of the National Executive of the Association, do state on behalf of the National Executive and in accordance with a resolution passed by the National Executive on 23rd August 2018 in relation to the accompanying general purpose financial report that, in the opinion of the National Executive: (a) the financial statements and notes set out on pages 11 to 52 comply with the Australian Accounting Standards; (b) the financial statements and notes set out on pages 11 to 52 comply with any other requirements imposed by the Reporting Guidelines or Part 3 of Chapter 8 of the Fair Work (Registered Organisations) Act 2009 (“RO Act”); (c) the financial statements and notes present a true and fair view of the financial performance, financial position and cash flows of the Association for the financial year ended 30 June 2018; (d) there are reasonable grounds to believe that the reporting unit will be able to pay its debts as and when they become due and payable; and (e) during the financial year ended 30 June 2018 and since the end of that year: (i) meetings of the executive were held in accordance with the rules of the Association; (ii) the financial affairs of the Association have been managed in accordance with the rules of the Association; (iii) the financial records of the reporting unit have been kept and maintained in accordance with the RO Act; (iv) the financial records of the reporting unit have been kept, as far as practicable, in a consistent manner with each of the branches of the Association; (v) to the knowledge of any member of the National Executive, there have been no instances of information sought in any request of a member of the reporting unit or Commissioner duly made under section 272 of the RO Act has been provided to the member or Commissioner; (vi) no order for inspection of financial records has been made by the Registered Organisations Commission under section 273 of the RO Act. (f) no revenue has been derived from undertaking recovery of wages activity during the reporting period. Dated at Melbourne this 23rd day of August, 2018 Joseph de Bruyn Gerard Dwyer National President National Secretary-Treasurer

CERTIFICATE BY NATIONAL SECRETARY-TREASURER I, Gerard Dwyer, being the officer responsible for keeping the accounting records of the Association certify that as at 30 June 2018 the number of members of the Association was 207,131. In my opinion: (i) the accompanying financial report set out on pages 11 to 52 presents a true and fair view of the financial position of the Association as at 30 June 2018; (ii) a record has been kept of all monies paid by or collected from members of the Association and all monies so paid or collected have been credited to the bank account to which those monies are to be credited in accordance with the rules of the Association; (iii) before any expenditure was incurred by the Association, approval of the incurring of the expenditure was obtained in accordance with the rules of the Association; (iv) no payments were made out of funds or accounts operated by the Association in respect of compulsory levies raised by the Association or voluntary contributions collected from members of the Association or other funds, the operation of which is required by the rules of the Association for a purpose other than the purpose for which the funds or accounts were operated; (v) no loans or other financial benefits other than remuneration in respect of their full time employment with the Association were made to persons holding office in the Association; and (vi) the Register of Members of the Association was maintained in accordance with the Fair Work (Registered Organisations) Act 2009. Dated at Melbourne this 23rd day of August, 2018 Gerard Dwyer National Secretary-Treasurer

EXPENDITURE REPORT REQUIRED UNDER SUBSECTION 255(2A) The committee of management presents the expenditure report as required under subsection 255(2A) on the Association for the year ended 30 June 2018.

Joseph de Bruyn National President

Dated at Melbourne this 23rd day of August, 2018 Gerard Dwyer National Secretary-Treasurer

OFFICER DECLARATION STATEMENT I, Gerard Dwyer, being the National Secretary-Treasurer of the Shop Distributive & Allied Employees’ Association, declare that the following activities did not occur during the reporting period ending 30 June 2018. The reporting unit did not: • agree to receive financial support from another reporting unit to continue as a going concern (refers to agreement regarding financial support not dollar amount) • agree to provide financial support to another reporting unit to ensure they continue as a going concern (refers to agreement regarding financial support not dollar amount) • acquire an asset or liability due to an amalgamation under Part 2 of Chapter 3 of the RO Act, a restructure of the branches of an organisation, a determination or revocation by the General Manager, Fair Work Commission • receive periodic or membership subscriptions • receive revenue via compulsory levies • receive other income via grants or donations • receive other income via revenue from undertaking recovery of wages activity • incur fees as consideration for employers making payroll deductions of membership subscriptions • pay capitation fees to another reporting unit • pay compulsory levies • pay a penalty imposed under the RO Act or the Fair Work Act 2009 • have a receivable with other reporting units • have a payable to an employer for that employer making payroll deductions of membership subscriptions • have a fund or reserve account in equity for compulsory levies, voluntary contributions or required by the rules of the organisation • transfer to or withdraw from a fund or reserve account in equity (other than the general fund in equity), account, asset or controlled entity • have a balance within the general fund in equity • have another entity administer the financial affairs of the reporting unit • make a payment to a former related party of the reporting unit Dated at Melbourne this 23rd day of August, 2018 Gerard Dwyer National Secretary-Treasurer

STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2018 Note

2018 $

Assets Cash and cash equivalents 10 1,253,269 Receivables 11 620,672 26,700,000 Other financial assets 12 28,573,941 Total current assets Property, plant and equipment 14 584,014 Investment property 15 24,000,000 467,459 Employee benefits 17 25,051,473 Total non-current assets TOTAL ASSETS 53,625,414 Liabilities Trade and other payables 16 396,986 725,156 Employee benefits 17 1,122,142 Total current liabilities 27,858 Employee benefits 17 27,858 Total non-current liabilities 1,150,000 TOTAL LIABILITIES 52,475,414 NET ASSETS Equity 52,475,414 Retained earnings 52,475,414 TOTAL EQUITY The notes on pages 15 to 52 are an integral part of these financial statements.

2017 $ 925,867 691,153 27,500,000 29,117,020 646,434 19,750,000 587,644 20,984,078 50,101,098 318,372 768,188 1,086,560 32,079 32,079 1,118,639 48,982,459 48,982,459 48,982,459

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2018 Revenue Affiliation fees Rental income Total revenue Other income Other income Total other income Total income Expenditure 53 Queen St, Melbourne - direct operating expenses ACTU IR Campaign Levy Advertising Affiliation fees Audit fees Delegates expenses Depreciation Grants and donations Legal costs Meeting expenses Administration expenses Other expenses Personnel expenses Travel expenses Total Expenses Result from Operating Activities Finance income Interest income

Note

2018 $

21 15(a)

6,016,150 1,470,677 7,486,827

2017 $ 6,167,282 1,412,026 7,579,308

6,057,037 6,057,037 13,543,864

1,763,688 1,763,688 9,342,996

15(a) 21

602,863 2,000,000 915,233 2,134,393 30,986 319,774 100,290 191,250 1,114,655 278,056 181,731 861,615 1,806,626 195,413 10,732,885 2,810,979

602,080 295,012 2,095,039 30,709 169,753 100,961 204,546 1,176,012 300,373 206,790 519,528 1,632,616 189,028 7,522,447 1,820,549

601,276 601,276 3,412,255

652,319 652,319 2,472,868

21 22 14 8 9 7 13 18

Income tax expense 4(m) PROFIT FOR THE PERIOD Other comprehensive income Items that will never be reclassified to profit or loss Re-measurement of defined benefit asset gain/(loss) 17 80,700 Income tax on other comprehensive income Items that are or may be reclassified to profit or loss 80,700 Other comprehensive income/(loss), net of tax 3,492,955 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD The notes on pages 15 to 52 are an integral part of these financial statements.

236,470 236,470 2,709,338

STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2018 Note Retained earnings $ Balance at 1 July 2017 48,982,459 Total comprehensive income for the period Profit for the period 3,412,255 Other comprehensive income 80,700 Re-measurement of defined benefit asset, net of tax 17 Total comprehensive income for the period 3,492,955 Transactions with members of the Association, recognised directly in equity 52,475,414 Balance at 30 June 2018 Balance at 1 July 2016 46,273,121 Total comprehensive income for the period Profit for the period 2,472,868 Other comprehensive income Re-measurement of defined benefit asset, net of tax 17 236,470 Total comprehensive income for the period 2,709,338 Transactions with members of the Association, recognised directly in equity 48,982,459 Balance at 30 June 2017 The notes on pages 15 to 52 are an integral part of these financial statements.

Total equity $ 48,982,459 3,412,255 80,700 3,492,955 52,475,414 46,273,121 2,472,868 236,470 2,709,338 48,982,459

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2018 Note 2018 $ 2017 $ Cash flows from operating activities Cash receipts from operations Cash receipts from other reporting units 19b 8,475,235 7,031,098 1,900,490 1,817,789 Cash receipts from other sources Total cash receipts from operations 10,375,725 8,848,887 Cash payments used in operations Cash paid to suppliers (10,135,815) (7,231,627) Cash paid to employees (1,055,994) (937,126) (201,680) (94,249) Cash paid to other reporting units 19b Total cash payments used in operations (11,393,489) (8,263,002) Cash (used in)/generated from operations (1,017,764) 585,885 619,245 666,744 Interest received 19a Net cash (used in)/from operating activities (398,519) 1,252,629 Cash flows from investing activities Proceeds/(acquisition) of term deposits 800,000 (800,000) Acquisition of property, plant and equipment 14 (56,527) (349,865) Acquisition of investment property 15 (39,384) (31,400) Proceeds on sale of property, plant and equipment 21,832 725,921 (1,181,265) Net cash from/ (used in) investing activities Cash flows from financing activities Net cash from/(used in) financing activities Net increase/(decrease) in cash and cash equivalents 327,402 71,364 925,867 854,503 Cash and cash equivalents at 1 July 10/19a CASH AND CASH EQUIVALENTS AT 30 JUNE 1,253,269 925,867 The notes on pages 15 to 52 are an integral part of these financial statements.

NOTES TO FINANCIAL STATEMENTS NOTE 1: REPORTING ENTITY Shop, Distributive & Allied Employees’ Association (the ‘Association’) is an Association domiciled in Australia. The address of the Association’s registered office is Level 6, 53 Queen Street, Melbourne. The financial report of the Association for the financial year ended 30 June 2018 comprises the National Account and the International Fund. The Association is a not-forprofit entity and primarily is involved in retail trade union activities. NOTE 2: BASIS OF PREPARATION A) STATEMENT OF COMPLIANCE The financial report is a general purpose financial report which has been prepared in accordance with Australian Accounting Standards (‘AASBs’) adopted by the Australian Accounting Standards Board (‘AASB’) and the Fair Work (Registered Organisations) Act 2009. The financial statements were approved by the National Executive on 23rd day of August, 2018. B) BASIS OF MEASUREMENT The financial report is prepared on the historical cost basis except for the following material items in the statement of financial position: z investment property is measured at fair value; and z the defined benefit asset is recognised as the net total of the plan assets, plus unrecognised past service cost and unrecognised actuarial losses, less unrecognised actuarial gains and the present value of the defined benefit obligation. C) FUNCTIONAL AND PRESENTATION CURRENCY The financial report is presented in Australian dollars, which is the Association’s functional currency. D) USE OF ESTIMATES AND JUDGEMENTS The preparation of financial statements in conformity with AASBs requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected. (i) Judgements Information about critical judgements in applying accounting policies that have the most significant effect on the amount recognised in the financial statements is included in the following notes: z Note 15 – Investment property. (ii) Assumptions and estimation uncertainties Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment within the next financial year are included in the following note: z Note 17 – Employee benefits. Measurement of fair values A number of the Association’s accounting policies and disclosures require the measurement of fair values, for both financial and non-financial assets and liabilities. The Association has an established control framework with respect to the measurement of fair values. Significant fair value measurements are overseen and reviewed regularly, including unobservable inputs and valuation adjustments. If third party information is used to measure fair values, the Association assesses the evidence obtained from the third parties to support the conclusion that such valuations meet the requirements of AASBs, including the level in the fair value hierarchy in which such valuations should be classified. Significant valuation issues are reviewed by the Association’s Audit and Risk Committee. When measuring the fair value of an asset or a liability, the Association uses market observable data as far as possible. Fair values are categorised into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows. z Level 1 – quoted prices (unadjusted) in active markets for identical assets or liabilities. z Level 2 – inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). z Level 3 – inputs for the asset or liability that are not based on observable market data (unobservable inputs). If the inputs used to measure the fair value of an asset or a liability might be categorised in different levels of the fair value hierarchy, then the fair value measurement is categorised in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement. The Association recognises transfers between levels of the fair value hierarchy at the end of the reporting period during which the change has occurred. Further information about the assumptions made in measuring fair values is included in the following notes: z Note 15 – investment property. NOTE 3: CHANGES IN ACCOUNTING POLICIES When required by accounting standards, comparative figures have been adjusted to conform to changes in presentation for the current financial year. Adoption of new Australian accounting standards No accounting standard has been adopted earlier than the application date stated in the standard. NOTE 4: SIGNIFICANT ACCOUNTING POLICIES The accounting policies set out below have been applied consistently to all periods presented in these financial statements by the Association. A) REVENUE (i) Affiliation fees Affiliation fees are fees received from the Branches of the Association in accordance with the rules of the Association. Such fees are referred to as affiliation fees in the rules and are calculated as a percentage of gross Branch membership income and paid annually in March for the financial year (1 July to 30 June). Revenue (received or receivable) from affiliation fees is accounted for on an accrual basis under AASB 118 Revenue standard and is recorded as revenue in the financial year to which it relates. Revenue is measured at the fair value of the consideration received or receivable. (ii) Rental Income Rental income from investment property is recognised in profit or loss on a straight line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income, over the term of the lease.

SDA NEWS I SPRING 2018 I PAGE 29

B) FINANCE INCOME Finance income comprises interest income on funds invested. Interest income is recognised as it accrues in profit or loss, using the effective interest method. Foreign currency gains and losses are reported on a net basis as either finance income or finance cost depending on whether foreign currency movements are in a net gain or net loss position. Interest income is recognised on an effective interest rate basis except for debt instruments other than those financial assets that are recognised at fair value through profit or loss. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset, or, when appropriate, a shorter period, to the net carrying amount on initial recognition. C) GAINS Sale of assets Gains and losses from disposal of assets are recognised when control of the asset has passed to the buyer. D) AFFILIATION FEES AND LEVIES Affiliation fees and levies are recognised on an accrual basis and recorded as an expense in the year it relates to which it relates. E) EMPLOYEE BENEFITS (i) Defined benefit plans The Association’s net obligation in respect of defined benefit plans is calculated separately for each plan by estimating the amount of future benefit that employees have earned in the current and prior periods, discounting that amount and deducting the fair value of any plan assets. The calculation of defined benefit obligations is performed annually by a qualified actuary using the projected unit credit method. When the calculation results in a potential asset for the Association, the recognised asset is limited to the present value of economic benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan. To calculate the present value of economic benefits, consideration is given to any applicable minimum funding requirements. Re-measurements of the net defined benefit liability, which comprise actuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ceiling (if any, excluding interest), are recognised immediately in other comprehensive income. The Association determines the net interest expense (income) on the net defined benefit liability (asset) for the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the annual period to the then-net defined benefit liability (asset), taking into account any changes in the net defined benefit liability (asset) during the period as a result of contributions and benefit payments. Net interest expense and other expenses related to defined benefit plans are recognised in profit or loss. When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service or the gain or loss on curtailment is recognised immediately in profit or loss. The Association recognises gains and losses on the settlement of a defined benefit plan when the settlement occurs. (ii) Other long-term employee benefits The Association’s net obligation in respect of long-term employee benefits other than defined benefit superannuation funds is the amount of future benefit that employees have earned in return for their service in the current and prior periods plus related on-costs; that benefit is discounted to determine its present value, and the fair value of any related assets is deducted. The discount rate is the yield at the reporting date on Australian Corporate bonds that have maturity dates approximating the terms of the Association’s obligations in which the benefits are expected to be paid. (iii) Short-term benefits Liabilities for employee benefits for wages, salaries and annual leave represent present obligations resulting from employees’ services provided to reporting date and are calculated at undiscounted amounts and expensed based on remuneration wage and salary rates that the Association expects to pay as at reporting date including related on-costs, such as workers compensation insurance and payroll tax. Amounts that are expected to be settled beyond 12 months are measured in accordance with long-term benefits. F) LEASES (i) Lease payments Payments made under operating leases are recognised in profit or loss on a straight-line basis over the term of the lease. Lease incentives received are recognised as an integral part of the total lease expense, over the term of the lease. Minimum lease payments made under finance leases are apportioned between the finance expense and the reduction of the outstanding liability. The finance expense is allocated to each period during the lease term so as to produce a constant periodic rate of interest on the remaining balance of the liability. (ii) Determining whether an arrangement contains a lease At inception of an arrangement, the Association determines whether such an arrangement is or contains a lease. This will be the case if the following two criteria are met: • the fulfilment of the arrangement is dependent on the use of a specific asset or assets; and • the arrangement contains a right to use the asset(s). At inception or upon reassessment of the arrangement, the Association separates payments and other consideration required by such an arrangement into those for the lease and those for other elements on the basis of their relative fair values. If the association concludes for a finance lease that it is impracticable to separate the payments reliably, an asset and a liability are recognised at an amount equal to the fair value of the underlying asset. Subsequently the liability is reduced as payments are made and an imputed finance charge on the liability is recognised using the Association’s incremental borrowing rate. G) CASH Cash is recognised at its nominal amount. Cash and cash equivalents includes cash on hand, deposits held at call with bank, other short-term highly liquid investments with original maturity of 3 months or less that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value and bank overdrafts. Bank overdrafts are shown within short-term borrowings in current liabilities on the statement of financial position. H) FINANCIAL INSTRUMENTS Financial assets and financial liabilities are recognised when the Association becomes a party to the contractual provisions of the instrument. Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through profit or loss are recognised immediately in profit or loss. (i) Non-derivative financial assets The Association initially recognises receivables and deposits on the date that they originate. All other financial assets (including assets designated at fair value through profit and loss) are recognised initially on the trade date at which the Association becomes a party to the contractual provisions of the instrument. The Association derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or it transfers the rights to receive the contractual cash flows on the financial asset in a transaction in which substantially all the risks and rewards of ownership of the financial asset are transferred. Any interest in transferred financial assets that is created or retained by the Association is recognised as a separate asset or liability. Financial assets and liabilities are offset and the net amount presented in the financial position when, and only when, the Association has a legal right to offset the amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously. The Association has the following non-derivative financial assets: held-to maturity financial assets, receivables, and cash and cash equivalents. Held-to-maturity financial assets Held-to-maturity financial assets are recognised initially at fair value plus any directly attributable transaction costs. Subsequent to initial recognition held-to-maturity financial assets are measured at amortised cost using the effective interest method, less any impairment losses (see note 4L(i)). Held to maturity financial assets comprise Term Deposits held with the Commonwealth Bank of Australia (see note 12). Receivables Receivables are financial assets with fixed or determinable payments that are not quoted in an active market. Such assets are recognised initially at fair value plus any directly attributable transaction costs. Subsequent to initial recognition receivables are measured at amortised cost using the effective interest method, less any impairment losses (see note 4L(i)) Receivables comprise accrued income, prepayments and sundry debtors (see note 11). (ii) Non-derivative financial liabilities The Association’s other financial liabilities are recognised initially on the trade date which is the date that the Association becomes a party to the contractual provisions of the instrument. The Association derecognises a financial liability when its contractual obligations are discharged or cancelled or expire. Financial assets and liabilities are offset and the net amount presented in the statement of financial position when, and only when, the Association has a legal right to offset the amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.

The financial liabilities are recognised at fair value plus any directly attributable transaction costs. Subsequent to initial recognition these financial liabilities are measured at amortised cost using the effective interest rate method. Other financial liabilities comprise trade and other payables. (iii) Share capital The Association is an unincorporated registered organisation under the Fair Work (Registered Organisations) Act 2009 and does not have share capital. (iv) Foreign currency transactions Transactions in foreign currencies are translated to the functional currency of the Association at exchange rates at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are retranslated to the functional currency at the exchange rate at that date. The foreign currency gain or loss on monetary items is the difference between amortised cost in the functional currency at the beginning of the period, adjusted for effective interest and payments during the period, and the amortised cost in foreign currency translated at the exchange rate at the end of the year. Non-monetary assets and liabilities denominated in foreign currencies that are measured at fair value are retranslated to the functional currency at the exchange rate at the date that the fair value was determined. Non-monetary items in a foreign currency that are measured in terms of historical cost are translated using the exchange rate at the date of the transaction. Foreign currency differences arising on retranslation are recognised in profit or loss. I) CONTINGENT LIABILITIES AND CONTINGENT ASSETS Contingent liabilities and contingent assets are not recognised in the Statement of Financial Position but are reported in the relevant notes. They may arise from uncertainty as to the existence of a liability or asset or represent an existing liability or asset in respect of which the amount cannot be reliably measured. Contingent assets are disclosed when settlement is probable but not virtually certain, and contingent liabilities are disclosed when settlement is greater than remote. J) PROPERTY, PLANT AND EQUIPMENT (i) Recognition and measurement Items of property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditures that are directly attributable to the acquisition of the asset. When parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment. The gain or loss on disposal of an item of property, plant and equipment is determined by comparing the proceeds from disposal with the carrying amount of property, plant and equipment and is recognised net within other income/other expenses in profit or loss. (ii) Subsequent costs The cost of replacing part of an item of property, plant and equipment is recognised in the carrying amount of the item if it is probable that the future economic benefits embodied within the part will flow to the Association and its cost can be measured reliably. The carrying amount of the replaced part is derecognised. The costs of the day-to-day servicing of property, plant and equipment are recognised in profit or loss as incurred. (iii) Depreciation Depreciation is calculated over the depreciable amount, which is the cost of an asset, or other amount substituted for cost, less its residual value. Depreciation is recognised in profit or loss on a straight-line or diminishing value over the estimated useful lives of each part of an item of property, plant and equipment, to most closely reflect the expected pattern of consumption of the future economic benefits embodied in the asset. Leased assets are depreciated over the shorter of the lease term and their useful lives unless it is reasonably certain that the Association will obtain ownership by the end of the lease term. The estimated useful lives in the current and comparative periods are as follows: 2018 2017 • Leasehold improvements 5-20 years 5-20 years • Fixtures and fittings 4-20 years 4-20 years • Motor vehicles 8 years 8 years Depreciation methods, useful lives and residual values are reviewed at each financial year-end and adjusted if appropriate. (iv) De-recognition An item of land, buildings, plant and equipment is derecognised upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on the disposal or retirement of an item of property, plant and equipment is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognised in the profit and loss. K) INVESTMENT PROPERTY Investment property is property held either to earn rental income or for capital appreciation or for both, but not for sale in the ordinary course of business, use in the production or supply of goods or services or for administrative purposes. Investment property is measured at cost on initial recognition and subsequently at fair value with any change therein recognised in profit or loss. Refer to note 15(b) for details of determination of fair value. Cost includes expenditure that is directly attributable to the acquisition of the investment property. The cost of selfconstructed investment property includes the cost of materials and direct labour, any other costs directly attributable to bringing the investment property to a working condition for their intended use and capitalised borrowing costs. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in profit and loss. When an investment property that was previously classified as property, plant and equipment is sold, any related amount included in the revaluation reserve is transferred to retained earnings. When the use of a property changes such that it is reclassified as property, plant and equipment, its fair value at the date of reclassification becomes its cost for subsequent accounting. L) IMPAIRMENT A financial asset not carried at fair value through profit or loss is assessed at each financial reporting date to determine whether there is objective evidence that it is impaired. A financial asset is impaired if objective evidence indicates that a loss event has occurred after the initial recognition of the asset, and that the loss event has a negative effect on the estimated future cash flows of that asset that can be estimated reliably. Objective evidence that financial assets (including receivables) are impaired can include default or delinquency by a debtor, restructuring of an amount due to the Association on terms the Association would not consider otherwise, indications that a debtor or issuer will enter bankruptcy, or the disappearance of an active market for a security. (i) Financial assets at amortised cost The Association considers evidence of impairment for receivables at both a specific asset and collective level. All individually significant receivables are assessed for specific impairment, and those found not to be specifically impaired are then collectively assessed for any impairment that has been incurred but not yet identified. Receivables that are not individually significant are collectively assessed for impairment by grouping together those with similar risk characteristics. In assessing collective impairment the Association uses historical trends of the probability of default, timing of recoveries and the amount of loss incurred, adjusted for management’s judgement as to whether current economic and credit conditions are such that actual losses are likely to be greater or less than suggested by historical trends. An impairment loss in respect of a financial asset measured at amortised cost is calculated as the difference between its carrying amount and the present value of the estimated future cash flows discounted at the asset’s original effective interest rate. Losses are recognised in profit or loss and reflected in an allowance account against receivables or held-tomaturity investment securities. Interest on the impaired asset continues to be recognised. When a subsequent event (e.g. repayment by a debtor) causes the amount of impairment loss to decrease, the decrease in impairment loss is reversed through profit or loss. (ii) Non-financial assets The carrying amounts of the Association’s non-financial assets, other than investment property, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, the asset’s recoverable amount is estimated. An impairment loss is recognised if the carrying amount of an asset or its cashgenerating unit (CGU) exceeds its recoverable amount. A CGU is the smallest identifiable asset group that generates cash flows that largely are independent from other assets and groups. Impairment losses are recognised in profit or loss. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU. Impairment losses recognised in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is only reversed to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised.

M) TAXATION The Association is exempt from income tax under section 50.1 of the Income Tax Assessment Act 1997 however still has obligation for Fringe Benefits Tax (FBT) and the Goods and Services Tax (GST). Revenue, expenses and assets are recognised net of the amount of goods and services tax (GST), except where the amount of GST incurred is not recoverable from the taxation authority. In these circumstances, the GST is recognised as part of the cost of acquisition of the asset or as part of the expense. Receivables and payables are stated with the amount of GST excluded, as the Association reports to the ATO for GST on a cash-basis. The net amount of GST recoverable from, or payable to, the ATO is included as a current asset or liability in the balance sheet. Cash flows are included in the statement of cash flows on a gross basis. The GST components of cash flows arising from investing and financing activities which are recoverable from, or payable to, the ATO are classified as operating cash flows. N) PROVISIONS A provision is recognised if, as a result of a past event, the Association has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. O) FAIR VALUE MEASUREMENT A number of the Association’s accounting policies and disclosures require the measurement of fair values, for both financial and non-financial assets and liabilities. Also, fair values of financial instruments measured at amortised cost are disclosed in Note 25a. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: • In the principal market for the asset or liability, or • In the absence of a principal market, in the most advantageous market for the asset or liability The principal or the most advantageous market must be accessible by the Association. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. The Association uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: • Level 1—Quoted (unadjusted) market prices in active markets for identical assets or liabilities • Level 2—Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable • Level 3—Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable For assets and liabilities that are recognised in the financial statements on a recurring basis, the Association determines whether transfers have occurred between Levels in the hierarchy by re-assessing categorisation (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period. External valuers are involved for valuation of significant assets, such as investment properties. Selection criteria include market knowledge, reputation, independence and whether professional standards are maintained. For the purpose of fair value disclosures, the Association has determined classes of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy. P) SEGMENT REPORTING An operating segment is a component of the Association that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses that relate to transactions with any of the other Association’s other components. All operating segments’ operating results are reviewed regularly by the Association’s office holders to make decisions about resources to be allocated to the segment and to assess its performance, and for which discrete financial information is available. Q) NEW STANDARDS AND INTERPRETATIONS NOT YET ADOPTED A number of new standards, amendments to standards and interpretations are effective for annual periods beginning after 1 July 2017, and have not been applied in preparing these financial statements. Those which may be relevant to the Association are set out below. The Association does not plan to adopt these standards early and the extent of the impact on the Association has not yet been determined. (i) AASB 9 Financial Instruments AASB 9 Financial Instruments is effective for annual periods beginning on or after 1 January 2018, with early adoption permitted. The Association currently plans to apply AASB 9 initially on 1 July 2018. The actual impact of adopting AASB 9 on the Association’s financial statements in 2018 is not known and cannot be reasonably estimated because it will be dependent on the financial instruments that the Association holds and economic conditions at that time, as well as accounting elections and judgements that it will make in the future. The new standard will require the Association to revise its accounting processes and internal controls related to reporting financial instruments and these changes are not yet complete. However, the Assoication has performed a preliminary assessment of the potential impact of the adoption of AASB 9 based on its positions at 30 June 2018 and does not expect a material impact. Classification — Financial assets AASB 9 contains a new classification and measurement approach for financial assets that reflects the business model in which assets are managed and their cash flow characteristics. AASB 9 contains three principal classification categories for financial assets: measured at amortised cost, fair value through other comprehensive income (FVOCI) and fair value through profit or loss (FVTPL). The standard eliminates the existing AASB 139 categories of held to maturity, loans and receivables and available for sale. Under AASB 9, derivatives embedded in contracts where the host is a financial asset in the scope of the standard are never bifurcated. Instead, the hybrid financial instrument as a whole is assessed for classification. Based on its preliminary assessment, the Association does not believe that the new classification requirements, if they had been applied at 30 June 2018, would have had a material impact on its accounting for receivables that are managed on a fair value basis. Impairment — Financial assets and contract assets AASB 9 replaces the ‘incurred loss’ model in AASB 139 with a forward-looking ‘expected credit loss’ (ECL) model. This will require considerable judgement as to how changes in economic factors affect ECLs, which will be determined on a probability-weighted basis. The new impairment model will apply to financial assets measured at amortised cost or FVOCI, except for investments in equity instruments, and to contract assets. Under AASB 9, loss allowances will be measured on either of the following bases: • 12-month ECLs: These are ECLs that result from possible default events within the 12 months after the reporting date: and • Lifetime ECLs: These are ECLs that result from all possible default events over the expected life of a financial instrument. Lifetime ECL measurement applies if the credit risk of a financial asset at the reporting date has increased significantly since initial recognition and 12-month ECL measurement applies if it has not. An entity may determine that a financial asset’s credit risk has not increased significantly if the asset has low credit risk at the reporting date. However, lifetime ECL measurement always applies for trade receivables and contract assets without a significant financing component; an entity may choose to apply this policy also for trade receivables and contract assets with a significant financing component. The Association believes that impairment losses are not likely to increase or become more volatile for assets in the scope of the AASB 9 impairment model. The Association’s preliminary assessment indicated that application of AASB 9’s impairment requirements at 30 June 2018 would probably have resulted in no change in loss allowances at that date compared with impairment losses recognised under AASB 139. However, the Association has not yet finalised the impairment methodologies that it will apply under AASB 9. Classification — Financial liabilities AASB 9 largely retains the existing requirements in AASB 139 for the classification of financial liabilities. However, under AASB 139 all fair value changes of liabilities designated as at FVTPL are recognised in profit or loss, whereas under AASB 9 these fair value changes are generally presented as follows: • the amount of change in the fair value that is attributable to changes in the credit risk of the liability is presented in other comprehensive income; and • the remaining amount of change in the fair value is presented in profit or loss. The Association has not designated any financial liabilities as at FVTPL and the Association has no current intention to do so. The Association’s preliminary assessment did not indicate any material impact if AASB 9’s requirements on the classification of financial liabilities were applied at 30 June 2018.

Disclosures AASB 9 will require extensive new disclosures, in particular about hedge accounting, credit risk and ECLs. The Association’s preliminary assessment included an analysis to identify data gaps against current processes and the Association plans to implement the system and controls changes that it believes will be necessary to capture the required data. Transition Changes in accounting policies resulting from the adoption of AASB 9 will generally be applied retrospectively, except as described below. • The Association plans to take advantage of the exemption allowing it not to restate comparative information for prior periods with respect to classification and measurement (including impairment) changes. Differences in the carrying amounts of financial assets and financial liabilities resulting from the adoption of AASB 9 will generally be recognised in retained earnings and reserves as at 1 January 2018. The following assessments have to be made on the basis of the facts and circumstances that exist at the date of initial application: • The determination of the business model within which a financial asset is held. • The designation and revocation of previous designations of certain financial assets and financial liabilities as measured at FVTPL. (ii) AASB 15 Revenue from Contracts with Customers AASB 15 establishes a comprehensive framework for determining whether, how much and when revenue is recognised. It replaces existing revenue recognition guidance, including AASB 118 Revenue, AASB 111 Construction Contracts and AASB Interpretation 13 Customer Loyalty Programmes. AASB 15 is effective for annual reporting periods beginning on or after 1 January 2019, with early adoption permitted. The Association currently plans to apply AASB 16 initially on 1 July 2019. The Association has completed an initial assessment of the potential impact of the adoption of AASB 15 on its financial statements. Affiliation fees Affiliation fees are accounted for on an accrual basis under AASB 118 Revenue standard and is recorded in the financial year to which it relates. Based on its assessment, the Association does not expect the application of AASB 15 to have a significant impact on its financial statements for affiliation fees. Rental income Rental income from investment property is recognised in profit or loss on a straight line basis over the term of the lease. Based on its assessment, the Association does not expect the application of AASB 15 to have a significant impact on its financial statements for rental income. Transition The Association plans to adopt AASB 15 in its financial statements for the year ending 30 June 2020, using the retrospective approach. As a result the Association plans to apply all of the requirements of AASB 15 to each comparative period presented and adjust its financial statements The Association plans to use the practical expedients for completed contracts. This means that completed contracts that began and ended in the same comparative reporting period, as well as those that are completed contracts at the beginning of the earliest period presented, will not be restated. (iii) AASB 16 Leases AASB 16 introduces a single, on-balance sheet lease accounting model for lessees. A lessee recognises a right-of-use asset representing its right to use the underlying asset and a lease liability representing its obligation to make lease payments. There are optional exemptions for short-term leases and leases of low-value items. Lessor accounting remains similar to the current standard - i.e. lessors continue to classify leases as finance or operating leases. The Association has started an initial assessment of the potential impact on its financial statements. So far, the most significant impact identified is that the Association will recognise new assets and liabilities for its operating leases. In addition, the nature of expenses related to those leases will now change as AASB 16 replaces the straight-line operating lease expense with a depreciation charge for right-of-use assets and interest expense or lease liabilities. The Association has not yet decided whether it will use the optional exemptions. No significant impact is expected for the Association’s finance leases. Determining whether an arrangement contains a lease On transition to AASB 16, the Association can choose whether to: • apply the AASB 16 definition of a lease to all its contracts: or • apply a practical expedient and not reassess whether a contract is, or contains, a lease. The Association is assessing whether to apply the practical expedient and the potential impact on its financial statements, and whether this will affect the number of contracts identified as leases on transition. As a lessee, the Association can either apply the standard using a: • retrospective approach; or • modified retrospective approach with optional practical expedients. The lessee applies the election consistently to all of its leases. The standard is effective for annual periods beginning on or after 1 January 2019. Early adoption is permitted for entities that apply AASB 15 at or before the date of initial application of AASB 1 on 1 January 2019. The Association has not yet determined which transition approach to apply. The Association has not yet quantified the impact on its reported assets and liabilities of the adoption of AASB 16. The quantitative effect will depend on, inter alia, the transition method chosen, the extent to which the Association uses the practical expedients and recognition exemptions, and any additional leases that the Association enters into. The Association expects to disclose its transition approach and quantitative information before adoption. R) FINANCIAL RISK MANAGEMENT The Association has exposure to the following risks from their use of financial instruments: a) Credit risk b) Liquidity risk c) Market risk d) Operational risk Risk Management Framework The National Executive has overall responsibility for the establishment and oversight of the risk management framework. Risk management policies are established to identify and analyse the risks faced by the Association, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Association’s activities. The Association, through its training and management standards and procedures, aims to develop a disciplined and constructive control environment in which all employees understand their roles and obligations. A detailed assessment of the Association’s exposure to the above risks is included in note 23. NOTE 5: EVENTS AFTER THE REPORTING PERIOD There has not arisen in the interval between the end of the financial year and the date of this report any item, transaction or event of a material and unusual nature likely, in the opinion of the officer holders of the Association, to affect significantly the operations of the Association, the results of those operations, or the state of affairs of the Association in future financial years. NOTE 6: OTHER INCOME Note 2018 $ 2017 $ Investment property - fair value increment 15 4,210,616 1,218,600 ACTU trust distributions 21 99,842 149,186 SDA Branch reimbursements 21 1,688,609 224,625 Legal costs awarded 45,250 REST director’s fees 21 54,795 126,027 Other income 3,175 6,057,037 1,763,688 NOTE 7: ADMINISTRATION EXPENSES Note 2018 $ 2017 $ Information technology support 34,825 34,324 Office expenses 60,878 71,976 Printing & photocopier 22,768 33,133 Subscriptions 39,138 43,653 Telecommunication 24,122 23,704 181,731 206,790 Total administration expense

SDA NEWS I SPRING 2018 I PAGE 31

NOTE 8: GRANTS OR DONATIONS Note 2018 $ 2017 $ Grants: Total paid that were $1,000 or less Total paid that exceeded $1,000 Donations: Total paid that were $1,000 or less 191,250 204,546 Total paid that exceeded $1,000 191,250 204,546 Total grants or donations NOTE 9: LEGAL COSTS Litigation 289,478 120,541 825,177 1,055,471 Other legal matters Total legal costs 1,114,655 1,176,012 NOTE 10: CASH AND CASH EQUIVALENTS Cash at bank 320,566 98,468 Cash management account 873,141 768,833 58,566 Short term deposits 59,562 925,867 Total cash and cash equivalents 1,253,269 NOTE 11: RECEIVABLES Other receivables: Accrued interest income 93,972 111,941 Sundry debtors 413,073 515,478 Prepayments 113,627 63,734 Total other receivables 620,672 691,153 Total receivables net of impairment provision 620,672 691,153 NOTE 12: OTHER FINANCIAL ASSETS Term deposits 26,700,000 27,500,000 26,700,000 27,500,000 Total other current assets Term deposits have stated interest rates of 2.37 to 2.54 percent (2017: 2.34 to 2.45 percent) and mature in 120 days or more. The Association’s exposure to credit and interest rate risk is disclosed in note 23. During the year ended 30 June 2018, the Association received interest income of $601,276 (2017: $652,319) in respect of financial assets not at fair value through profit and loss. NOTE 13: OTHER EXPENSES Consultants and professional services 437,480 348,805 Information communications technology 380,095 120,000 Motor vehicle running costs 30,946 34,107 Other 13,094 16,616 Total other expenses 861,615 519,528 NOTE 14: PROPERTY, PLANT AND EQUIPMENT Cost Furniture and Motor Leasehold Total fittings Vehicles Improvements $ $ $ $ Balance at 1 July 2017 244,966 132,494 692,038 1,069,498 Acquisitions 51,555 4,972 56,527 (6,176) (36,031) (42,207) Disposals Balance at 30 June 2018 290,345 96,463 697,010 1,083,818 Balance at 1 July 2016 216,859 91,455 475,480 783,794 Acquisitions 92,268 41,039 216,558 349,865 Impairments (64,161) (64,161) 244,966 132,494 692,038 1,069,498 Balance at 30 June 2017 Depreciation and impairment losses Balance at 1 July 2017 122,450 53,641 246,973 423,064 Depreciation expense for the year 27,946 15,436 56,908 100,290 Disposals (5,862) (17,688) (23,550) Balance at 30 June 2018 144,534 51,389 303,881 499,804 Balance at 1 July 2016 151,852 31,292 203,120 386,264 Depreciation expense for the year 34,759 22,349 43,853 100,961 Impairments (64,161) (64,161) Balance at 30 June 2017 122,450 53,641 246,973 423,064 Carrying amounts At 1 July 2017 122,516 78,853 445,065 646,434 145,811 45,074 393,129 584,014 At 30 June 2018 At 1 July 2016 65,007 60,163 272,360 397,530 At 30 June 2017 122,516 78,853 445,065 646,434 NOTE 15: INVESTMENT PROPERTY A) RECONCILIATION OF CARRYING AMOUNT Property Note 2018 $ 2017 $ 19,750,000 18,500,000 Opening balance as at 1 July Capital improvements 39,384 31,400 Net gain from fair value adjustment 4,210,616 1,218,600 Closing balance as at 30 June 24,000,000 19,750,000 Investment property comprises a commercial property located at 53 Queen Street, Melbourne. The Association retains possession of levels 6 and 7 as its registered head office and leases the remaining floors to third parties. Each of the leases contains an initial non-cancellable period of a minimum of three years, with fixed percentage annual rent increases. Some lease incentives were paid towards tenancy fit-outs and are being amortised over the period of the leases on a straight line basis. Subsequent renewals are negotiated with the lessee and on average renewal periods are 4 years. No contingent rents are paid. Further information about these leases are contained in Note 20. Rental income earned and received from the investment property during the year was $1,470,677 (2017: $1,412,026). Direct expenses incurred in relation to the investment properties that generated rental income during the year was $602,863 (2017: $602,080). During the year and as at year-end, no restrictions on the realisability of investment property or the remittance of income and proceeds of disposal were present. The SDA does not have any contractual obligations to purchase, construct or develop investment property or for repairs, maintenance or enhancements. B) MEASUREMENT OF FAIR VALUE (i) Fair value hierarchy The fair value of investment property was determined by external, independent property valuers, having appropriate recognised professional qualifications and recent experience in the location and category of the property being valued. The independent valuers provide the fair value of the Association’s investment property at least every two years. In years where external, independent valuations are not obtained, these are substituted with Association management performing internal valuations utilising publicly available market data for properties with similar characteristics to the Association’s investment property. The fair value measurement for investment property of $24,000,000 was determined at 30 June 2018 by Gary Longden, Director and certified practising valuer of M3 Property P/L, a registered independent appraiser having an appropriate recognised professional qualification from Australian Property Institute and recent experience in the location and category of the property being valued. The fair value measurement has been categorised as a Level 3 fair value based on the inputs to the valuation technique used (see Note 4(o)). (ii) Level 3 fair value – valuation technique and significant unobservable inputs The following shows the valuation technique used in measuring the fair value of investment property, as well as the significant unobservable inputs used. Valuation techniques: Discounted cash flow approach (2018), Discounted cash flow approach (2017) Discounted cash flow approach: The discounted cash flow approach involves formulating a projection of net income over a specified horizon, typically ten years, and discounting this cash flow including the projected terminal value at the end of the projection period at an appropriate rate. The present value of this discounted cash flow represents the Market value of the property.

Significant unobservable inputs: • 2018: Discount rate 7.00%, • 2017: Discount rate 7.00%. Inter-relationship between key unobservable inputs and fair value measurement The estimated fair value would increase (decrease) if: • 2018: The discount rate was lower (higher), • 2017: The discount rate was lower (higher) NOTE 16: TRADE AND OTHER PAYABLES Note Payables to other reporting units SDA Victoria Total trade payables Other legal matters PAYG withholding tax Tenant security deposits Other Total other payables Total trade and other payables are expected to be settled in: No more than 12 months More than 12 months Total trade and other payables NOTE 17: EMPLOYEE BENEFITS Current liability Office holders Liability for long service leave Liability for annual leave Separation and redundancies Other Employees other than office holders Liability for long service leave Liability for annual leave Separation and redundancies Other

Non-current liability Employees other than office holders Liability for long-service leave

2018 $

2017 $

4,258 4,258 58,034 32,946 56,862 244,886 392,728

6,293 6,293 99,448 31,526 55,866 125,239 312,079

396,986 396,986

318,372 318,372

156,472 52,392 208,864

135,570 41,872 177,442

247,493 268,799 516,292 725,156

338,547 252,199 590,746 768,188

27,858 27,858

32,079 32,079

Non-current asset Office holders and other employees Present value of funded obligations 2,730,148 2,728,898 Fair value of plan assets - funded (3,197,607) (3,316,542) Recognised (asset) for defined benefit obligations (467,459) (587,644) The Association makes contributions to the SDA (Victoria Branch) benefit superannuation plan, a sub-plan of the Retail Employees’ Superannuation Trust, that provide defined benefit amounts for office holders and other employees upon retirement. The Association has determined that, in accordance with the terms and conditions of the defined benefit plans, and in accordance with statutory requirements (such as minimum funding requirements) of the plan of the respective jurisdictions, the present value of refunds or reductions in future contributions is not lower than the balance of the fair value of the plan assets less the total present value of obligations. As such, no decrease in the defined benefit asset is necessary at 30 June 2018 (30 June 2017: no decrease in the defined benefit asset). The following tables analyse plan assets, present value of defined benefit obligations, expense recognised in profit or loss, actuarial assumptions and other information for the plan. Movements in the net asset for defined benefit obligations recognised in the statement of financial position: Net (asset)/liability for defined benefit obligations at 1 July (587,644) (356,591) Contributions paid into the plan (90,327) Amount recognised in other comprehensive income - actuarial (80,700) (236,470) Expenses recognised in statement of comprehensive income 200,885 95,744 Net (asset)/liability for defined benefit obligations at 30 June (467,459) (587,644) Movement in the present value of the defined benefit obligations Defined benefit obligations at 1 July 2,728,898 2,705,058 Current service cost 217,272 107,300 Interest cost 62,551 65,056 Actuarial losses/(gains) recognised in other comprehensive income (see below) 39,645 (20,116) Benefits paid by the plan (293,902) (89,880) Taxes, premium & expenses paid (24,316) (38,520) Defined benefit obligations at 30 June 2,730,148 2,728,898 Movement in the present value of plan assets Fair value of plan assets at 1 July 3,316,542 3,061,649 Expected return on plan assets at discount rate 78,938 76,612 Actuarial losses/(gains) recognised in other comprehensive income (see below) 120,345 216,354 Contributions paid 90,327 Benefits paid (293,902) (89,880) Taxes and expenses (24,316) (38,520) Fair value of plan assets at 30 June 3,197,607 3,316,542 Expense recognised in profit or loss Current service costs 217,272 107,300 Net interest costs (16,387) (11,556) 200,885 95,744 Re-measurements of net defined benefit liability/asset Loss/(Gain) on defined benefit obligation 39,645 (20,116) (120,345) (216,354) (Gain)/Loss on assets (80,700) (236,470) Recognised in other comprehensive (income)/expense Actuarial gains (and losses) recognised in other comprehensive income Cumulative amount at 1 July 109,094 (127,376) Recognised during the period 80,700 236,470 189,794 109,094 Cumulative amount at 30 June The major categories of plan assets as a percentage of total fund assets are as follows: 2018 2017 Australian Equity 17% 19% International Equity 23% 29% Fixed Income 6% 6% Property 9% 11% Cash 8% 6% Other 37% 29% Actuarial assumptions Principal actuarial assumptions at the reporting date (expressed as weighted averages): 2018 2017 Discount rate at 30 June 3.75% 3.75% Future salary increases 4.00% 4.00%

Sensitivity analysis The calculation of the defined benefit obligation is sensitive to the assumptions set out above. The following table summarises how the impact on the defined benefit obligation at the end of the reporting period would have increased (decreased) as a result of a change in the respective assumptions by one percent. 2018 $ 2017 $ Additional DBO for a 1% decrease in the discount rate 146,951 173,554 Reduction in DBO for a 1% increase in the discount rate 128,802 94,588 TThe above sensitivities are based on the average duration of the benefit obligation determined by the actuary as at 30 June 2018 and are applied to adjust the defined benefit obligation at the end of the reporting period for the assumptions concerned. Whilst the analysis does not take account of the full distribution of cash flows expected under the plan, it does provide an approximation to the sensitivity of the assumptions shown. Historical information 2018 $ 2017 $ 2016 $ 2015 $ 2014 $ Present value of the defined benefit obligation 2,730,148 2,728,898 2,705,058 2,375,594 2,463,350 Fair value of plan assets - funded (3,197,607) (3,316,542) (3,061,649) (3,000,982) (2,934,258) Recognised (asset)/liability for defined benefit obligation (467,459) (587,644) (356,591) (625,388) (470,908) Funding The plan is fully funded by the Association. The funding requirements are based on the plan fund’s actuarial measurement framework set out in the funding policies of the plan. The funding is based on a separate actuarial valuation for funding purposes for which the assumptions may differ from the assumptions above. Employees are not required to contribute to the plan. The Association expects to contribute NIL (2017: $90,327) to its defined benefit superannuation fund during the year ended 30 June 2019 as it is is currently on a contributions holiday. NOTE 18: PERSONNEL EXPENSES 2018 $ 2017 $ Holders of office: Wages and salaries 293,466 262,449 Superannuation (including expenses related to defined benefit plan) 56,172 23,112 Leave and other entitlements 31,422 41,388 Separation and redundancies Other employee expenses 57,509 59,718 Total employee expenses - holders of office 438,569 386,667 Employees other than office holders: Wages and salaries 1,079,375 938,750 Superannuation (including expenses related to defined benefit plan) 175,459 90,211 Leave and other entitlements (78,674) 137,750 Separation and redundancies 118,090 Other employee expenses 73,807 79,238 Total employee expenses - employees other than office holders 1,368,057 1,245,949 1,806,626 1,632,616 Total employee expenses NOTE 19: CASH FLOW RECONCILIATION AND INFORMATION 19A. CASH FLOW RECONCILIATION Reconciliation of cash and cash equivalents as per Balance Sheet to Cash Flow Statement: Cash and cash equivalents as per: Cash flow statement 1,253,269 925,867 1,253,269 925,867 Balance sheet Difference Reconciliation of profit/(loss) to net cash from operating activities: Profit/(loss) for the year 3,412,255 2,472,868 Adjustments for non-cash items Depreciation 100,290 100,961 Fair value movements in investment property (4,210,616) (1,218,600) Gain on disposal of assets (3,175) Actuarial gains/(losses) recognised in equity on defined benefit plan 80,700 236,470 Changes in assets/liabilities Change in accrued interest income 17,969 14,425 Change in prepayments (49,893) 10,860 Change in sundry debtors 102,405 (79,952) Change in pension asset/(liability) 120,185 (231,053) Change in trade and other payables 78,614 (78,720) Change in provisions and employee benefits (47,253) 25,370 (398,519) 1,252,629 Net cash from/(used in) operating activities 19B CASH FLOW INFORMATION Cash inflows Cash receipts from other reporting units SDA Newcastle 565,498 452,730 SDA New South Wales 2,328,502 1,925,997 SDA Queensland 1,382,996 1,174,961 SDA South Australia 1,077,618 924,561 SDA Tasmania 231,288 193,783 SDA Victoria 1,876,755 1,530,736 SDA Western Australia 1,012,578 828,330 Total cash inflows 8,475,235 7,031,098 Cash ouflows Cash paid to other reporting units SDA Newcastle 75,099 1,638 SDA New South Wales 18,960 5,472 SDA Queensland 18,665 1,754 SDA South Australia 3,032 SDA Tasmania SDA Victoria 77,386 78,388 SDA Western Australia 11,570 3,965 Total cash outflows 201,680 94,249 NOTE 20: CONTINGENT LIABILITIES, ASSETS AND COMMITMENTS Operating lease commitments — as lessor The Association leases out its investment property (see note 15a) under operating leases. The future minimum lease income under non-cancellable leases are as follows: 2018 $ 2017 $ Within one year 1,244,958 1,341,913 After one year but not more than five years 1,781,173 3,026,131 After five years 3,026,131 4,368,044 NOTE 21: RELATED PARTY DISCLOSURES Terms and conditions of transactions with related parties All transactions with related parties are made on terms equivalent to those that prevail in arm’s length transactions. Outstanding balances for all transactions at the year-end are unsecured and interest free and settlement occurs in cash. There have been no guarantees provided or received for any related party receivables or payables. For the year ended 30 June 2018, the association has not recorded any impairment of receivables relating to amounts owed by related parties and declared person or body (2017: $Nil). This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates.

BRANCHES The Association received from its branches the following affiliation fees: SDA Newcastle SDA New South Wales SDA Queensland SDA South Australia SDA Tasmania SDA Victoria SDA Western Australia

2018 $ 402,345 1,633,283 1,000,253 764,533 173,894 1,301,778 740,064 6,016,150

2017 $ 389,718 1,705,343 1,035,089 779,899 173,751 1,341,155 742,327 6,167,282

The Association received from its branches the following expense reimbursements: 2018 ACTU Penalty No One IT IR Campaign Rate Deserves Workit Levy Campaign A Serve App Campaign $ $ $ $ SDA Newcastle 67,120 34,252 5,901 SDA New South Wales 282,620 144,280 24,847 SDA Queensland 150,248 77,164 13,209 SDA South Australia 131,884 38,815 11,595 SDA Tasmania 24,361 7,407 2,142 SDA Victoria 238,332 121,306 20,954 SDA Western Australia 105,435 55,051 9,270 1,000,000 478,275 87,918

Other

IT Intranet

TOTAL

$ 177 13,709 6,783 24,389 899 8,524 3,960 58,441

$ 4,294 18,081 9,612 8,437 1,559 15,247 6,745 63,975

$ 111,744 483,537 257,016 215,120 36,368 404,363 180,461 1,688,609

2017

IT Workit App

Other

IT Intranet

TOTAL

$ -

$ 164 4,430 3,966 17,949 139 412 902 27,962

$ 5,994 25,254 13,567 11,926 2,276 21,185 9,798 90,000

$ 21,855 45,563 33,057 60,611 2,415 50,424 10,700 224,625

SDA Newcastle SDA New South Wales SDA Queensland SDA South Australia SDA Tasmania SDA Victoria SDA Western Australia

ACTU IR Campaign Levy

Penalty Rate Campaign

$ -

$ 15,697 15,879 15,524 30,736 28,827 106,663

No One Deserves A Serve Campaign $ -

The amounts paid or payable by the Association to its branches for expenses incurred on its behalf: 2018 $ 2017 $ SDA Newcastle Meeting expenses 34,352 Delegates expenses 114 1,489 Legal costs (litigation) 33,807 SDA New South Wales Administration expenses (office supplies) 670 1,967 Delegates expenses 16,334 Meeting expenses 640 Other expenses (motor vehicle running costs) 1,684 2,367 SDA Queensland Delegates expenses 16,300 1,595 Meeting expenses 2,020 SDA South Australia Delegate expenses 2,756 SDA Victoria Personnel expenses (reimbursement of Victorian payroll tax) 75,351 73,822 Meeting Expenses 2,737 SDA Western Australia Federal Branch - Delegates expenses 1,098 3,605 State Union – Delegate expenses 10,362 The amounts owed to its branches at 30 June 2018 by the Association are included in payables to other reporting units in Note 16. AFFILIATES The amounts paid or payable by the Association to its affiliates for expenses incurred on its behalf: ACTU Affiliation fees paid 1,357,551 1,368,911 IR Campaign Levy 2,000,000 Legal expenses reimbursed 2,000 Meeting expenses – attendance at conferences, forums & training 14,841 4,844 Campaigning - Advertising Campaigns 50,000 Union Network International (UNI) Affiliation fees paid 776,842 726,128 Donations – UNI-APRO Activities Fund 129,546 ALP National Secretariat Meeting expenses 100 ALP NSW Donation - Federal Campaign, Organiser Salaries 69,750 WA Labor Donation – Federal Swan Campaign 46,500 The Association received trust distribution income of $99,842 (2017: $149,186) from the ACTU as an affiliate. In accordance with the ACTU “Constitution, Rules and Standing Orders” this was acquitted by the ACTU as additional affiliation fees and is included above. There were no amounts owed to its affiliates at 30 June 2018 by the Association. OTHER RELATED PARTIES Key management personnel The following were key management personnel of the Association during the financial year: Name Position Joseph de Bruyn Officer – National President Michael Donovan Officer – National Vice-President Gerard Dwyer Officer – National Secretary-Treasurer Julia Fox Officer – National Assistant Secretary Bernie Smith National Executive Member Paul Griffin National Executive Member Barbara Nebart National Executive Member Sonia Romeo National Executive Member Chris Gazenbeek National Executive Member Peter O’Keeffe National Executive Member

SDA NEWS I SPRING 2018 I PAGE 33

Key management personnel remuneration The National Secretary-Treasurer and National Assistant Secretary are salaried employees of the Association with contributions made for them to a post-employment defined benefit superannuation fund. The Association also provides motor vehicles and parking to the National President, National Secretary-Treasurer and National Assistant Secretary, and accommodation to the National Secretary-Treasurer when travelling to the registered National Office in Melbourne. The National Vice-President receives an honorarium. As the National Executive Members are not paid by the Association, there are only 4 remunerated officer holders of the Association. The Association pays or reimburses travel, accommodation and meal allowances for the National Officers and the National Executive Members whilst attending National Council and/or National Executive meetings or performing other Association duties. The National Officers and National Executive Members are allowed to keep any frequent flyer points or rewards earned as a result of such travel, the value of which cannot be determined. Key management personnel compensation to the National Officers comprised: 2018 $ 2017 $ Short-term employee benefits 563,105 541,927 Post-employment benefits 61,198 59,344 7,268 13,604 Other long term benefits 631,571 614,875 Note 17 discloses liabilities for annual leave and long service leave for office holders. The remuneration by officer comprised: 2018 Gerard Dwyer Michael Joseph Julia Fox Ian Blandthorn Total $ Secretary- Donovan de Bruyn Assistant Assistant Treasurer Vice-President President Secretary Secretary Short-term employee benefits Salary (including annual leave taken) 157,470 135,996 293,466 Honorarium & gifts 3,500 3,500 Annual leave accrued 4,199 3,627 7,826 REST Director Fees 153,425 153,425 Non-monetary (accommodation, 55,692 24,211 24,985 104,888 motor vehicle & parking) 217,361 3,500 177,636 164,608 563,105 Total short-term employee benefits Post-employment benefits Superannuation-Defined Benefit 23,621 20,399 44,020 Superannuation (REST SG payments) 14,575 2,603 17,178 23,621 14,575 23,002 61,198 Total post-employment benefits Other long-term benefits Long-service leave 3,900 3,368 7,268 Total other long-term benefits 3,900 3,368 7,268 244,882 3,500 192,211 190,978 631,571 Total 2017 Gerard Dwyer Michael Joseph Julia Fox Ian Blandthorn Total $ Secretary- Donovan de Bruyn Assistant Assistant Treasurer Vice-President President Secretary Secretary Short-term employee benefits Salary (including annual leave taken) 153,061 89,578 40,781 283,420 Honorarium & gifts 3,500 4,000 7,500 Annual leave accrued 3,364 2 3,446 6,812 REST Director Fees 153,425 153,425 Non-monetary (accommodation, 42,700 25,255 15,829 6,986 90,770 motor vehicle & parking) 199,125 3,500 178,680 105,409 55,213 541,927 Total short-term employee benefits Post-employment benefits Superannuation-Defined Benefit 22,959 13,437 6,117 42,513 Superannuation (REST SG payments) 14,575 2,256 16,831 22,959 14,575 13,437 8,373 59,344 Total post-employment benefits Other long-term benefits Long-service leave 7,380 4,953 1,271 13,604 7,380 4,953 1,271 13,604 Total other long-term benefits 229,464 3,500 193,255 123,799 64,857 614,875 Total Apart from the details disclosed in this note, no officer has entered into any material transactions with the Association since the end of the previous financial year and there were no material contracts involving officers’ interests existing at year-end. Superannuation No Contributions (2017: $90,327) were made to a post-employment defined benefit fund managed by the Retail Employees’ Superannuation Trust (“REST”) on behalf of salaried office holders and employees other than office holders. The Association received director fees of $54,795 (2017: $126,027) from REST for the services performed by nominated office holders and employees employed by the Association. These director fees are included in Other Income in note 6. Mr Joe de Bruyn on being elected National President in October 2014 no longer receives a salary from the Association, therefore is entitled to personally receive director fees for services as a REST director from November 2014, these are disclosed in short-term employee benefits in key management personnel in Note 21. The directors personally receive Superannuation Guarantee (SG) payments from REST for the above director fees, these are disclosed in post-employment benefits for key management personnel in Note 21. Transactions with key management personnel and their close family members 2018 $ 2017 $ Loans/to from key management personnel Other transactions with key management personnel Information communications technology expenses paid to ITO Australia, 6,774 120,000 a company owned by the brother-in-law of the National Secretary 6,774 120,000 NOTE 22: AUDITOR’S REMUNERATION Audit services Auditors of the Association KPMG Australia: 30,986 30,709 Audit and review of financial reports 30,709 30,986 Other services Auditors of the Association KPMG Australia: Other assurance services 2,755 2,693 2,755 2,693 33,741 33,402 TOTAL AUDITORS’ REMUNERATION NOTE 23: FINANCIAL INSTRUMENTS 23A. CATEGORIES OF FINANCIAL INSTRUMENTS Financial assets Held-to-maturity: 26,700,000 27,500,000 Other financial assets Total held-to-maturity financial assets 26,700,000 27,500,000 Loans and receivables: Cash and cash equivalents 1,253,269 925,867 620,672 691,153 Receivables 1,873,941 1,617,020 Total loans and receivables Carrying amount of financial assets 28,573,941 29,117,020 Financial liabilities Other liabilities: 396,986 318,372 Trade and other payables 396,986 318,372 Carrying amount of financial liabilities 23B. NET INCOME AND EXPENSE FROM FINANCIAL ASSETS Held-to-maturity financial assets 594,821 645,753 Interest revenue – other financial assets Total income from held-to-maturity financial assets 594,821 645,753 Loans and receivables: 6,455 6,566 Interest revenue - cash and cash equivalents 6,455 6,566 Total income from loans and receivables Total income from financial assets 601,276 652,319

23C. CREDIT RISK Credit risk is the risk of financial loss to the Association if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Association’s receivables from customers and other financial assets. Credit quality of financial instruments not past due or individually determined as impaired Not past due Past due Not past due Past due nor impaired or impaired nor impaired or impaired 2018 $ 2018 $ 2017 $ 2017 $ Held-to-maturity: Other financial assets 26,700,000 27,500,000 Loans and receivables: Cash and cash equivalents 1,253,269 925,867 Receivables 620,672 691,153 Receivables The Association’s exposure to credit risk is influenced mainly by the individual characteristics of each customer or tenant. Credit evaluations are performed on all tenants of the investment property prior to the signing of a lease agreement and security deposits are required by way of bank guarantees or cash, to be held for the term of all leases. None of the Association’s receivables are past due (2017: nil) and based on historic default rates and the minimal credit risk, the Association believes no impairment allowance is necessary. None of the tenants were in arrears at the balance sheet date and there is no indication to management that any of the tenants present a significant credit risk. All receivables are with tenants in the Australian geographical region and therefore no impairment loss has been recognised at balance date (2017: no impairment loss). Cash and cash equivalents The Group held cash and cash equivalents of $1,253,269 at 30 June 2018 (2017: $925,867), which represents its maximum credit exposure on these assets. The cash and cash equivalents are held with bank and financial institution counterparties which are located in Australia, currently the CBA with a current long term credit rating of Aa3 (Moody’s Investor Services). Other financial assets The other financial assets are all bank bills and term deposits issued by the Commonwealth Bank of Australia and the Association believes no impairment allowance is necessary. 23D. LIQUIDITY RISK Liquidity risk is the risk that the Association will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Association’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Association’s reputation. The Association prepares budgets and cash flow forecasts, which assists it in monitoring cash flow requirements and optimising its cash return on investments. Typically the Association ensures that it has sufficient cash on demand to meet expected operational expenses for a period of at least 120 days, the maximum term of its primary financial assets being term deposits. This excludes the potential impact of extreme circumstances that cannot reasonably be predicted, such as natural disasters. The carrying amount of the Association’s financial liabilities is represented by trade and other payables (note 16). The carrying amounts approximate contractual cash flows and all are due in 3 months or less (2017: 3 months or less). The Association has adequate financial assets to meet these liabilities and assesses liquidity risk as minimal. Contractual maturities for financial liabilities 2018 On Demand < 1 year 1– 2 years 2– 5 years >5 years Total $ $ $ $ $ Trade and other payables 396,986 396,986 Total 396,986 396,986 Contractual maturities for financial liabilities 2017 On Demand < 1 year 1– 2 years 2– 5 years >5 years Total $ $ $ $ $ Trade and other payables 318,372 318,372 Total 318,372 318,372 23E. MARKET RISK Market risk is the risk that changes in market prices, such as foreign exchange rates, interest rates and equity prices will affect the Association’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return. Currency risk The Association has limited exposure to currency risks on International Fund transactions (international affiliation fees and donations) that are denominated in a currency other than the functional currency, being the Australian dollar (AUD). The currencies in which these transactions primarily are denominated are Swiss Francs (CHF), Singapore dollars (SGD) and American dollars (USD). The Association uses at its discretion forward exchange contracts (typically 1-3 months) to hedge its currency risk, with maturity dates the same as the due dates of the International Fund transactions. At reporting date there were no forward exchange contracts in place. Interest rate risk The Association’s interest rate risk arises from its investments in bank bills, term deposits and cash management accounts. Bank bills and term deposits are issued at fixed rates for terms of between 30 and 120 days. The Association maintains a number of different bank bills and term deposits maturing at regular intervals to smooth fluctuations in interest rates being offered. The majority of cash reserves are held in term deposits, with cash management bank accounts (with variable interest rates) used to provide liquidity funds at call. At the reporting date the interest rate profile of the Association’s interest-bearing financial instruments was: Sensitivity analysis of the interest rate risk that the Association is exposed to for 2018 Risk variable Change in Effect on risk variable % Profit and loss Equity $ $ Financial assets Cash and cash equivalents Interest rate 100bp increase 12,413 12,413 Other financial assets Interest rate 100bp increase 239,847 239,847 Sensitivity analysis of the interest rate risk that the Association is exposed to for 2017 Risk variable Change in Effect on risk variable % Profit and loss Equity $ $ Financial assets Cash and cash equivalents Interest rate 100bp increase 10,764 10,764 Other financial assets Interest rate 100bp increase 270,190 270,190 Operational risk Operational risk is the risk of direct or indirect loss arising from a wide variety of causes associated with the Association’s processes, personnel, technology and infrastructure, and from external factors other than credit, market and liquidity risks such as those arising from legal and regulatory requirements and generally accepted standards of corporate behaviour. Operational risks arise from all of the Association’s operations. The Association’s objective is to manage operational risk so as to balance the avoidance of financial losses and damage to the Association’s reputation with overall cost effectiveness and to avoid control procedures that restrict initiative and creativity. The primary responsibility for the development and implementation of controls to address operational risk is assigned to senior management within the Association. This responsibility is supported by the development of overall Association standards for the management of operational risk in the following areas: • Requirements for appropriate segregation of duties, including the independent authorisation of transactions; • Requirements for the reconciliation and monitoring of transactions; • Compliance with regulatory and other legal requirements; • Documentation of controls and procedures; • Requirements for the periodic assessment of operational risks faced, and the adequacy of controls and procedures to address the risks identified; • Requirements for the reporting of operational losses and proposed remedial action; • Development of contingency plans; • Training and professional development; • Ethical and business standards; • Risk mitigation, including insurance where this is effective.

Capital management The Association’s policy is to maintain a strong capital base so as to maintain member, creditor and market confidence and to sustain future development of the union’s activities. The National Executive monitors the return on capital and seeks to maintain a conservative position between higher returns and the advantages and security afforded by a sound capital position. There were no changes in the Association’s approach to capital management during the year, and the Association is not subject to externally imposed capital requirements. NOTE 24: CONTROLLED ENTITIES Parent entity The Association comprises the Shop, Distributive and Allied Employees’ Association National Account and the International Fund. 2018 % 2017 % Controlled Entity Ordinary shares WT Travel Pty Ltd 100 100 WT Travel Pty Ltd, an Australian controlled entity, was purchased by the Shop Distributive and Allied Employees’ Association National Executive on 30 September 1993. It formerly traded as a travel agency, but is currently a dormant Association. Given WT Travel is a dormant Association and its results and financial position at 30 June 2018 are nil, consolidated accounts are not prepared. NOTE 25: FAIR VALUE MEASUREMENT 25A. FINANCIAL ASSETS AND LIABILITIES Management of the Association assessed that the fair values of cash, receivables, trade payables, and other current liabilities approximate their carrying amounts largely due to the short term maturities of these instruments. 25B. FINANCIAL AND NON-FINANCIAL ASSETS AND LIABILITIES FAIR VALUE HIERARCHY The following table provides an analysis of financial and non-financial assets and liabilities that are measured at fair value, by fair value hierarchy. Fair value hierarchy – 30 June 2018 Assets measured at fair value Date of valuation Level 1 Level 2 Level 3 $ $ $ Investment property 30 June 2018 24,000,000 Total assets measured at fair value 24,000,000 Fair value hierarchy – 30 June 2018 Assets measured at fair value Date of valuation Level 1 Level 2 Level 3 $ $ $ Investment property 30 June 2017 19,750,000 Total assets measured at fair value 19,750,000 Refer to note 15(b) for further detail over fair value measurement of the investment property. NOTE 26: SECTION 272 FAIR WORK (REGISTERED ORGANISATIONS) ACT 2009 In accordance with the requirements of the Fair Work (Registered Organisations) Act 2009, the attention of members is drawn to the provisions of subsections (1) to (3) of section 272, which reads as follows: 1. A member of a reporting unit, or the Commissioner, may apply to the reporting unit for specified prescribed information in relation to the reporting unit to be made available to the person making the application. 2. The application must be in writing and must specify the period within which, and the manner in which, the information is to be made available. The period must not be less than 14 days after the application is given to the reporting unit. 3. A reporting unit must comply with an application made under subsection (1).

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION OPINION We have audited the Financial Report of the Shop, Distributive and Allied Employees’ Association (the Association). In our opinion, the accompanying Financial Report of the Association is in accordance with the Fair Work (Registered Organisations) Act 2009, including: z giving a true and fair view of the Association’s financial position as at 30 June 2018 and of its financial performance for the year then ended; z complying with Australian Accounting Standards; and z complying with other reporting requirements imposed by Part 3 of Chapter 8 of the Fair Work (Registered Organisations) Act 2009. The Financial Report comprises: z Statement of financial position as at 30 June 2018 z Statement of profit or loss and other comprehensive income, Statement of changes in equity, and Statement of cash flows for the year then ended z Notes including a summary of significant accounting policies z Other explanatory information including the Committee of Management Statement, Certificate by National SecretaryTreasurer, Expenditure Report Required under Subsection 255(2A) and Officer Declaration Statement. BASIS FOR OPINION We conducted our audit in accordance with Australian Auditing Standards and the Fair Work (Registered Organisations) Act 2009. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 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 Association in accordance with 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 fulfilled our other ethical responsibilities in accordance with the Code. RESTRICTION ON USE The Financial Report has been prepared to assist the members of the Association in complying with the financial reporting requirements of the Fair Work (Registered Organisations) Act 2009. As a result, the Financial Report and this Auditor’s Report may not be suitable for another purpose. Our opinion is not modified in respect of this matter. Our report is intended solely for the members of Shop, Distributive and Allied Employees’ Association and should not be used by parties other than the members of Shop, Distributive and Allied Employees’ Association. We disclaim any assumption of responsibility for any reliance on this report, or on the Financial Report to which it relates, to any person other than the members of Shop, Distributive and Allied Employees’ Association or for any other purpose than that for which it was prepared. OTHER INFORMATION Other Information is financial and non-financial information in Shop, Distributive and Allied Employees’ Association’s annual reporting which is provided in addition to the Financial Report and the Auditor’s Report. The National Executive are responsible for the Other Information. The Other Information we obtained prior to the date of this Auditor’s Report was the Operating Report. Our opinion on the Financial Report does not cover the Other Information and, accordingly, we do not express an audit opinion or any form of assurance conclusion thereon. In connection with our audit of the Financial Report, our responsibility is to read the Other Information. In doing so, we consider whether the Other Information is materially inconsistent with the Financial Report or our knowledge obtained in the audit, or otherwise appears to be materially misstated. We are required to report if we conclude that there is a material misstatement of this Other Information, and based on the work we have performed on the Other Information that we obtained prior to the date of this Auditor’s Report we have nothing to report..

RESPONSIBILITIES OF NATIONAL EXECUTIVE FOR THE FINANCIAL REPORT The National Executive is responsible for: preparing the Financial Report that gives a true and fair view in accordance with Australian Accounting Standards and the Fair Work (Registered Organisations) Act 2009; z implementing necessary internal control 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; and z assessing the Association’s ability to continue as a going concern and whether the use of the going concern basis of accounting is appropriate. This includes disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless they either intend to liquidate Association or to cease operations, or have no realistic alternative but to do so. AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL REPORT Our objective is: z to obtain reasonable assurance about whether the Financial Report as a whole is free from material misstatement, whether due to fraud or error; z to issue an Auditor’s Report that includes our opinion; and z to conclude on the appropriateness of the National Executive’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Association’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial report or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Association to cease to continue as a going concern. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Australian Auditing Standards and the Fair Work (Registered Organisations) Act 2009 will always detect a material misstatement when it exists. Misstatements can arise from fraud or error. They are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this Financial Report. A further description of our responsibilities for the audit of the Financial Report is located at the Auditing and Assurance Standards Board website at: http://www.auasb.gov.au/auditors_files/ar4.pdf. This description forms part of our Auditor’s Report. I declare that I am an auditor registered under the RO Act. GOING CONCERN I declare that, as part of the audit of the financial report for the financial year ended 30 June 2018, the National Executive’s use of the going concern basis of accounting in the preparation of the Shop, Distributive and Allied Employees’ Association’s financial statements is appropriate. KPMG Antoni Cinanni Partner Tower Two, Collins Square, 727 Collins Street, Melbourne 23 August 2018 Member of Institute of Charted Accountants #46581, dated 21 May 2002 Registered Company Auditor - #394346, dated 1 February 2011 Certificate of Public Practice with ICAA, dated 25 August 2010 Registered Auditor – Fair Work (Registered Organisations) Act 2009, #AA2017/167 z

LEAD AUDITOR’S INDEPENDENCE DECLARATION TO THE MEMBERS OF THE SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION I declare that, to the best of my knowledge and belief, in relation to the audit of Shop, Distributive and Allied Employees’ Association for the financial year ended 30 June 2018 there have been: 1. no contraventions of any applicable code of professional conduct in relation to the audit. KPMG Antoni Cinanni Partner Tower Two, Collins Square, 727 Collins Street, Melbourne 23 August 2018 Member of Institute of Charted Accountants #46581, dated 21 May 2002 Registered Company Auditor - #394346, dated 1 February 2011 Certificate of Public Practice with ICAA, dated 25 August 2010 Registered Auditor – Fair Work (Registered Organisations) Act 2009, #AA2017/167 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Liability limited by a scheme approved under Professional Standards Legislation.

SDA NEWS I SPRING 2018 I PAGE 35

SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION, NSW BRANCH FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2018 INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION NSW BRANCH

Opinion I have audited the financial report of Shop, Distributive and Allied Employees’ Association NSW Branch (the Reporting Unit), which comprises the statement of financial position as at 30 June 2018, the statement of comprehensive income, statement of changes in equity, and statement of cash flows for the year ended 30 June 2018, notes to the financial statements, including a summary of significant accounting policies; and the Committee of Management Statement, the subsection 255(2A) report and the Officer Declaration Statement. In my opinion, the accompanying financial report presents fairly, in all material aspects, the financial position of the Shop, Distributive and Allied Employees’ Association NSW Branch as at 30 June 2018 and its financial performance and its cash flows for the year ended on that date in accordance with: a) the Australian Accounting Standards; and b) any other requirements imposed by the Reporting Guidelines or Part 3 of Chapter 8 of the Fair Work (Registered Organisations) Act 2009 (the RO Act). I declare that management’s use of the going concern basis in the preparation of the financial statements of the Reporting Unit is appropriate. Basis for Opinion I conducted my audit in accordance with Australian Auditing Standards. My responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of my report. I am independent of the Reporting Unit in accordance with 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 my audit of the financial report in Australia. I have also fulfilled my other ethical responsibilities in accordance with the Code. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion. Information Other than the Financial Report and Auditor’s Report Thereon The Committee of Management is responsible for the other information. The other information obtained at the date of this auditor’s report is in the Operating Report accompanying the financial report. My opinion on the financial report does not cover the other information and accordingly I do not express any form of assurance conclusion thereon. In connection with my audit of the financial report, my responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or my knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work I have performed, I conclude that there is a material misstatement of this other information, I am required to report that fact. I have nothing to report in this regard. Responsibilities of Committee of Management for the Financial Report The Committee of Management of the Reporting Unit is responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards and the RO Act, and for such internal control as the Committee of Management determine is necessary to enable the preparation of the 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 Committee of Management is responsible for assessing the Reporting Unit’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 Committee of Management either intend to liquidate the Reporting Unit or to cease operations, or have no realistic alternative but to do so. Auditor’s Responsibilities for the Audit of the Financial Report My objective is to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes my opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial report. As part of an audit in accordance with the Australian Auditing Standards, I exercise professional judgement and maintain professional scepticism throughout the audit. I also: z Identify and assess the risks of material misstatement of the financial report, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for my opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. z Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Reporting Unit’s internal control. z Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Committee of Management. z Conclude on the appropriateness of the Committee of Management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Reporting Unit’s ability to continue as a going concern. If I conclude that a material uncertainty exists, I am required to draw attention in my auditor’s report to the related disclosures in the financial report or, if such disclosures are inadequate, to modify my opinion. My conclusions are based on the audit evidence obtained up to the date of my auditor’s report. However, future events or conditions may cause the Reporting Unit to cease to continue as a going concern. z Evaluate the overall presentation, structure and content of the financial report, including the disclosures, and whether the financial report represents the underlying transactions and events in a manner that achieves fair presentation. z Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Reporting Unit to express an opinion on the financial report. I am responsible for the direction, supervision and performance of the Reporting Unit audit. I remain solely responsible for my audit opinion. I communicate with the Committee of Management regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that I identify during my audit. Recovery of Wages The Reporting Unit does not engage in the recovery of wages activity. Joseph Paul Grech Grech Smith Bridle Partner Chartered Accountants Registration Number: AA2017/26 (as registered by the RO Commissioner under the RO Act) Holder of Current Practicing Certificate and Member of the Chartered Accountants Australia and New Zealand Number 24310 Dated at Sydney this 14th day of August 2018 DECLARATION I, Joseph Paul Grech, being the auditor of the Shop, Distributive and Allied Employees’ Association NSW Branch declare that: a) I am an approved auditor, and b) I am a person who is a member of Chartered Accountants Australia and New Zealand; and c) I hold a current Public Practice Certificate. Joseph Paul Grech Grech Smith Bridle Partner Chartered Accountants Registration Number: AA2017/26 (as registered by the RO Commissioner under the RO Act) Holder of Current Practicing Certificate and Member of the Chartered Accountants Australia and New Zealand Number 24310 Dated at Sydney this 14th day of August 2018

PAGE 36 I SPRING 2018 I SDA NEWS

AUDITOR’S INDEPENDENCE DECLARATION FOR THE YEAR ENDED 30 JUNE 2018 TO THE COMMITTEE OF MANAGEMENT OF SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION NSW BRANCH I declare that, to the best of my knowledge and belief, during the year ended 30 June 2018 there has been: (i) no contraventions of the auditor independence requirements in relation to the audit; and (ii) no contravention of any applicable code of professional conduct in relation to the audit. Joseph Paul Grech Grech Smith Bridle Partner Chartered Accountants Registration Number: AA2017/26 (as registered by the RO Commissioner under the RO Act) Holder of Current Practicing Certificate and Member of the Chartered Accountants Australia and New Zealand Number 24310 Dated at Sydney this 14th day of August 2018

REPORT REQUIRED UNDER SUNSECTION 255(2A) FOR THE YEAR ENDED 30 JUNE 2018 The Committee of Management presents the expenditure report as required under subsection 255(2A) on the Reporting Unit for the year ended 30 June 2018. 2018 $ 2017 $ Categories of expenditure Remuneration and other employment-related costs and expenses - employees 7,550,982 7,558,568 Advertising 743,888 153,839 Operating costs 8,088,035 7,357,375 Donations to political parties 1,627 7,376 Legal costs 212,836 154,643 Name and title of designated officer: Bernie Smith, Secretary/Treasurer Dated: 14 August 2018

OPERATING REPORT FOR THE YEAR ENDED 30 JUNE 2018 The Committee of Management presents its operating report on the Reporting Unit for the financial year ended 30 June 2018. Review of principal activities, the results of those activities and any significant changes in the nature of those activities during the year The principal activities of the association are preserving and enhancing the wages and working conditions of its members, and the promotion of the interests and rights of workers. In addition to industrial representation, members are also provided with a range of services and benefits. New enterprise agreements were negotiated with a wide range of employers during the year. These agreements all resulted in improved wages and working conditions for the employees covered by them. Significant changes in financial affairs There were no significant changes in the nature of the activities and financial affairs in the Association during the financial year. Rights of members to resign Persons eligible to do so under the rules of the Association were actively encouraged to join the Association. Pursuant to s174 of the Fair Work (Registered Organisations) Act 2009 (RO Act), members could resign from the Association by written notice to the appropriate Branch of the Association. Officers & employees who are superannuation fund trustees or director of a company that is a superannuation fund trustee Representatives of the Branch hold a position as the Alternative Directors of the Retail Employees’ Superannuation Trust (“REST”). Gerard Dwyer and Aliscia Di Mauro act as the alternative director for Joe de Bruyn and Geoff Williams. Directors Alternates Mr Joe de Bruyn Mr Gerard Dwyer Mr Geoff Williams Ms Aliscia Di Mauro Mr P Griffin was a Director of the Tasplan Superannuation Fund until October 2017. Number of Members Membership as at 30 June 2018 was 59,474 (2017: 58,593). Number of employees At 30 June 2018, there were 65 persons (full time equivalent), employed by the NSW Branch of the Association. Affiliations & Directorships Detailed below are the affiliations of the NSW Branch of the Association: — Australian Labor Party, NSW Branch — Australian Labor Party, ACT Branch — Unions NSW — South Coast Labor Council — Unions ACT The NSW Branch Secretary-Treasurer is on the Administrative Committee of the Australian Labor Party NSW Branch. The NSW Branch Secretary-Treasurer of the Association is an Executive Member of Unions NSW. A representative of the NSW Branch of the Association is a member of the Service Skills NSW Wholesale, Retail and Personal Services Committee. Names of Committee of Management members and period positions held during the financial year The following members held positions on the Branch’s Committee of Management for the entire reporting period unless indicated otherwise: Name Position C. Cassell Branch President M. Dumycz Branch Vice President (Branch membership) B. Smith Branch Secretary – Treasurer R. Tonkli Branch Assistant Secretary – Treasurer M. Hagley Branch Trustee H. Thomas Branch Trustee M. Doherty Branch Councillor (Retail membership) S. Sammak Branch Councillor (Drug and Allied membership) D. Robins Branch Councillor (Other Industries and Vocational Grouping membership) S. Barros Branch Councillor (Branch membership) P. Avellino Branch Councillor (Branch membership) N. Rizk Branch Councillor (Branch membership) A. Apps Branch Councillor (Branch membership) J. Slender Branch Councillor (Branch membership) N. Atkins Branch Councillor (Branch membership) M. Hackett Branch Councillor (Branch membership) A. Manos Branch Councillor (Branch membership) C. Williams Branch Councillor (Branch membership) The Association maintained its rules and reported according to statutory requirements. Bernie Smith Cheryl Cassell Committee of Management Committee of Management Dated at Sydney this 14th day of August 2018

COMMITTEE OF MANAGEMENT STATEMENT FOR THE YEAR ENDED 30 JUNE 2018

STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2018

On 14 August 2018 the Committee of Management of Shop, Distributive and Allied Employees’ Association NSW Branch passed the following resolution in relation to the general purpose financial report (GPFR) for the year ended 30 June 2018: The Committee of Management declares that in its opinion: a) The financial statements and notes comply with the Australian Accounting Standards; b) The financial statements and notes comply with any other requirements imposed by the Reporting Guidelines or Part 3 of Chapter 8 of the Fair Work (Registered Organisations) Act 2009 (the RO Act); c) The financial statements and notes give a true and fair view of the financial performance, financial position and cash flows of the reporting unit for the financial year to which they relate; d) There are reasonable grounds to believe the reporting unit will be able to pay its debts as and when they become due and payable; and e) During the financial year to which the GPFR relates and since the end of that year: i) Meetings of the Committee of Management were held in accordance with the rules of the organisation including the rules of a branch concerned; and ii) The financial affairs of the reporting unit have been managed in accordance with the rules of the organisation including the rules of a branch concerned; and iii) The financial records of the reporting unit have been kept and maintained in accordance with the RO Act; and iv) Where the organisation consists of two or more reporting units, the financial records of the reporting unit have been kept, as far as practicable, in a consistent manner with each of the other reporting units of the organisation; and v) Where information has been sought in any request by a member of the reporting unit or Commissioner duly made under section 272 of the RO Act has been provided to the member or Commissioner; and vi) Where any orders for inspection of financial records have been made by the Registered Organisations Commission under section 273 of the RO Act, there has been compliance. f) No revenue has been derived from undertaking recovery of wages activity during the reporting period. This declaration is made in accordance with a resolution of the Committee of Management. Name and title of designated officer: Bernie Smith, Secretary/Treasurer Dated: 14 August 2018

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2018

Notes 2018 $ Revenue Membership subscription 17,137,065 Capitation fees 3A Levies 3B Interest 3C 204,122 Rental revenue 3D 1,227,379 Other revenue 50,159 18,618,725 Total revenue Other Income Grants and/or donations 3E Net gains from sale of assets 3F 155,905 155,905 Total other income 18,774,630 Total income Expenses Employee expenses 4A 7,550,982 Capitation fees 4B Affiliation fees 4C 2,144,046 Administration expenses 4D 7,400,881 Grants or donations 4E 16,380 Depreciation 4F 755,857 Legal costs 4G 212,836 Audit fees 13 52,800 Other expenses 4H 18,133,782 Total expenses 640,848 Profit (loss) for the year Other comprehensive income Items that will not be subsequently reclassified to profit or loss Gain on revaluation of land & buildings 2,985,559 3,626,407 Total comprehensive income for the year The above statement should be read in conjunction with the notes.

2017 $

17,100,295 254,453 1,162,614 24,506 18,541,868 23,047 23,047 18,564,915 7,558,569 2,115,111 7,503,252 23,117 810,525 154,643 51,500 18,216,717 348,198 11,751,171 12,099,369

STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2018

ASSETS Current Assets Cash and cash equivalents 5A 10,881,044 Trade and other receivables 5B 1,663,366 Other current assets 5C 1,392,538 13,936,948 Total current assets Non-Current Assets Cash and cash equivalents 6A 1,500,000 Land and buildings 6B 12,155,263 Plant and equipment 6C 1,008,725 Investment Property 6D 29,266,647 Other non-current assets 6E 5,054 Total non-current assets 43,935,689 57,872,637 Total assets LIABILITIES Current Liabilities Trade payables 7A 621,348 Other payables 7B 11,617 Employee provisions 8A 2,458,670 3,091,635 Total current liabilities Non-Current Liabilities Employee provisions 8A 19,262 19,262 Total non-current liabilities 3,110,897 Total liabilities 54,761,740 Net assets EQUITY General funds 9A 20,420,153 Retained earnings 34,341,587 54,761,740 Total equity The above statement should be read in conjunction with the notes.

10,097,587 1,179,532 1,298,510 12,575,629 1,500,000 9,416,618 998,398 29,547,625 88,707 41,551,348 54,126,977 537,798 3,483 2,431,160 2,972,441 19,203 19,203 2,991,644 51,135,333 17,434,594 33,700,739 51,135,333

Notes General funds $ Retained earnings $ Balance as at 1 July 2016 5,683,423 33,352,541 Adjustment for errors Adjustment for changes in accounting policies Profit or (Loss) for the year 348,198 Other comprehensive income for the year Transfer to/from Asset Revaluation Reserve 9A 11,751,171 Transfer from retained earnings Closing balance as at 30 June 2017 17,434,594 33,700,739 Adjustment for errors Adjustment for changes in accounting policies Profit or (Loss) for the year 640,848 Other comprehensive income for the year Transfer to/from Asset Revaluation Reserve 9A 2,985,559 Transfer from retained earnings 20,420,153 34,341,587 Closing balance as at 30 June 2018 The above statement should be read in conjunction with the notes.

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2018

Notes 2018 $ OPERATING ACTIVITIES Cash received Receipts from other reporting units/controlled entity(s) 10B 30,708 Interest 204,122 Other 19,643,242 Cash used Employees (7,523,413) Suppliers (8,857,670) Payment to other reporting units/controlled entity(s) 10B (2,675,668) 10A 821,321 Net cash from (used by) operating activities INVESTING ACTIVITIES Cash received Proceeds from sale of plant and equipment 228,635 Proceeds from sale of land and buildings Other 474,380 Cash used Purchase of plant and equipment (547,477) Purchase of land and buildings Other (193,402) (37,864) Net cash from (used by) investing activities FINANCING ACTIVITIES Cash received Contributed equity Other Cash used Repayment of borrowings Other Net cash from (used by) financing activities 783,457 Net increase (decrease) in cash held Cash & cash equivalents at the beginning of the reporting period 11,597,587 5A & 6A 12,381,044 Cash & cash equivalents at the end of the reporting period The above statement should be read in conjunction with the notes.

Total equity $ 39,035,964 348,198 11,751,171 51,135,333 640,848 2,985,559 54,761,740

2017 $ 50,119 254,455 18,677,139 (7,584,025) (8,569,909) (1,711,844) 1,115,935 59,413 457,922 (323,347) (74,375) 119,613 1,235,548 10,362,039 11,597,587

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 1.1 BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS The financial statements are general purpose financial statements and have been prepared in accordance with Australian Accounting Standards and Interpretations issued by the Australian Accounting Standards Board (AASB) that apply for the reporting period and the Fair Work (Registered Organisation) Act 2009. For the purpose of preparing the general purpose financial statements, the Shop, Distributive and Allied Employees’ Association NSW Branch is a not-for-profit entity. The financial statements have been prepared on an accrual basis and in accordance with the historical cost, except for certain assets and liabilities at measured at fair value, as explained in the accounting policies below. Historical cost is generally based on the fair values of the consideration given in exchange for assets. 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. 1.2 COMPARATIVE AMOUNTS When required by Accounting Standards, comparative figures have been adjusted to conform to changes in presentation for the current financial year. The comparative figures provided in this financial report, the consolidated figures of the Shop, Distributive and Allied Employees’ Association NSW Branch and Deductions Account. 1.3 SIGNIFICANT ACCOUNTING JUDGEMENTS AND ESTIMATES The Committee of Management evaluate estimates and judgments incorporated into the financial report based on historical knowledge and best available current information. Estimates assume a reasonable expectation of future events and are based on current trends and economic data, obtained both externally and within the Reporting Unit.. Key Judgements (i) Employee Benefits For the purpose of measurement, AASB 119: Employee Benefits defines obligations for short-term employee benefits as obligations expected to be settled wholly before 12 months after the end of the annual reporting period in which the employees render the related service. As the Reporting Unit expects that all its employees would use all their annual leave entitlements earned during a reporting period before 12 months after the end of the reporting period, the Committee of Management consider that obligations for annual leave entitlements satisfy the definition for short-term employee benefits and, therefore, can be measured at the (undiscounted) amounts expected to be paid to employees when the obligations are settled. 1.4 SIGNIFICANT ACCOUNTING JUDGEMENTS AND ESTIMATES (CONT.) Key Estimates (i) Impairment of Investment Properties The investment properties were independently valued at 30 June 2017 by LandMark White (Sydney) Pty Ltd. The valuation was based on the fair value less costs of disposal. The critical assumptions adopted in determining the valuation included the location of the investment properties, rental returns of similar investment properties, sales demand in the area, and recent sales data for similar investment properties. The valuation resulted in a revaluation increment of $11,751,171 being recognised for the year end 30 June 2017. At 30 June 2018, the Committee of Management reviewed the key assumptions made by the valuers at 30 June 2017. They have concluded that these assumptions remain materially unchanged and are satisfied that carrying amount does not exceed the recoverable amount investment properties at 30 June 2018. (ii) Impairment of Plant & Equipment The Association assess impairment of Plant & Equipment at the end of each reporting period by evaluating the conditions and events specific to the association that may be indicative of impairment triggers. Recoverable amounts of relevant assets are reassessed using value-in-use calculations which incorporate various key assumptions. No impairment has been recognised in respect of Plant & Equipment at the end of the reporting period. Plant & Equipment are carried in the statement of financial position at a written down value of $1,008,725.

SDA NEWS I SPRING 2018 I PAGE 37

1.5 NEW AUSTRALIAN ACCOUNTING STANDARDS Adoption of New Australian Accounting Standard Requirements No accounting standard has been adopted earlier than the application date stated in the standard. The accounting policies adopted are consistent with those of the previous financial year except for the following standards and amendments, which have been adopted for the first time this financial year: • AASB 2016-2 Amendment to Australian Accounting Standards – Disclosure Initiative Amendments to AASB 107, which amends AASB 107 Statement of Cash Flows (August 2015) to require entities preparing financial statements in accordance with Tier 1 reporting requirements to provide disclosures that enable users of financial statements to evaluate changes in liabilities arising from financing activities, including both changes arising from cash flows and no-cash changes. • AASB 2016-4 Amendments to Australian Accounting Standards – Recoverable Amount of Non-Cash Generating Specialised Assets of Not-for-Profit Entities, which amends AASB 136 Impairment of Assets to remove references to depreciated replacement cost as a measure of value in use for not-for-profit entities and clarify that not-for-profit entities holding non-cash-generating specialised assets at fair value in accordance with AASB 13 Fair Value Measurement [under the revaluation model in AASB 116 Property, Plant and Equipment and AASB 138 Intangible Assets] no longer need to consider AASB 136. Not-for-profit entities holding such assets at cost may determine recoverable amounts using current replacement cost in AASB 13 as a measure of fair value for the purposes of AASB 136. The adoption of these Accounting Standards and Interpretations did not have any significant impact on the financial performance or position of the Reporting Unit. Future Australian Accounting Standards Requirements New standards, amendments to standards or interpretations that were issued prior to the sign-off date and are applicable to the future reporting period that are expected to have a future financial impact on Shop, Distributive and Allied Employees’ Association NSW Branch include: (i) AASB 9: Financial Instruments and associated amending standards (applicable to annual reporting periods begging on or after 1 January 2018). The standard will be applicable retrospectively and includes revised requirements for the classification and measurement of financial instruments, revised recognition criteria and derecognition requirements for financial instruments and simplified requirements for hedge accounting. The key changes that may affect the Association on initial application include certain simplifications to the classification of financial assets, upfront accounting for expected credit loss, and the irrevocable election to recognise gains and losses on investments in equity instruments that are not held for trading in other comprehensive income. The adoption of this standard is not expected to have a material impact on the financial statements. (ii) AASB 15: Revenue from Contracts with Customers (applicable to annual reporting periods beginning on or after 1 January 2018). When effective, this standard will replace the current accounting requirements applicable to revenue with a single principles-based model. Apart from a limited number of exceptions, including leases, the new revenue model in AASB 15 will apply to all contracts with customers as well as non-monetary exchanges between entities in the same line of business to facilitate sales to customers. The adoption of this standard is not expected to have a material impact on the financial statements. (iii) AASB 16: Leases (applicable to annual reporting periods beginning on or after 1 January 2019). When effective, this standard will replace the current accounting requirements applicable to leases in AASB 117: Leases and related interpretations. AASB 16 Leases introduces a single lease accounting model that eliminates the requirement for lease to classified as operating or operating leases. The new standard does not make any significant changes to lessor accounting and as such is only expected to impact lease accounting from a lessee’s perspective. The adoption of this standard is not expected to have a material impact on the financial statements. 1.6 CONSOLIDATION The Shop, Distributive and Allied Employees’ Association NSW Branch presents consolidated financial statements when it controls other entities. Control is achieved where the Shop Distributive and Allied Employees’ Association NSW Branch is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the Shop Distributive and Allied Employees’ Association NSW Branch. Specifically, the Shop Distributive and Allied Employees’ Association N.S.W Branch controls an investee if and only if the Shop Distributive and Allied Employees’ Association NSW Branch has: z Power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee) z Exposure, or rights, to variable returns from its involvement with the investee z The ability to use its power over the investee to affect its returns When the Shop, Distributive and Allied Employees’ Association NSW Branch has less than a majority of the voting or similar rights of an investee, the Shop, Distributive and Allied Employees’ Association NSW Branch considers all relevant facts and circumstances in assessing whether it has power over an investee, including: z Relevant activities of the investee and who has control over them z Existing or future administrative or statutory arrangements that may give rise to rights/control (or change the previous control assessment) z Whether rights are substantive or protective in nature and whether rights presently exercisable or will be exercisable when decisions about relevant activities are being made z Exposure or rights to financial and non-financial returns (direct or indirect) and the ability to influence those returns z Whether the investor is exercising its decision-making abilities as a principal or agent z Rights arising from other contractual arrangements The Shop Distributive and Allied Employees’ Association NSW Branch re-assesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Shop Distributive and Allied Employees’ Association NSW Branch obtains control over the subsidiary and ceases when the Shop Distributive and Allied Employees’ Association NSW Branch loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Shop Distributive and Allied Employees’ Association NSW Branch gains control until the date the Shop Distributive and Allied Employees’ Association NSW Branch ceases to control the subsidiary. Income and expense of subsidiaries acquired or disposed of during the year are included in the consolidated statement of comprehensive income from the effective date of acquisition and up to the effective date of disposal, as appropriate. Total comprehensive income of subsidiaries is attributed to the owners of the Shop Distributive and Allied Employees’ Association NSW Branch and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the Shop Distributive and Allied Employees’ Association NSW Branch. Changes in the Shop Distributive and Allied Employees’ Association NSW Branch ownership interests in subsidiaries that do not result in the Shop Distributive and Allied Employees’ Association NSW Branch losing control are accounted for as equity transactions. The carrying amounts of the Shop Distributive and Allied Employees’ Association NSW Branch interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognised directly in equity and attributed to owners of the Shop Distributive and Allied Employees’ Association NSW Branch. When the Shop Distributive and Allied Employees’ Association NSW Branch loses control of a subsidiary, a gain or loss is recognised in profit or loss and is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the previous carrying amount of the assets (including goodwill), and liabilities of the subsidiary and any non-controlling interests. When assets of the subsidiary are carried at revalued amounts or fair values and the related cumulative gain or loss has been recognised in other comprehensive income and accumulated in equity, the amounts previously recognised in other comprehensive income and accumulated in equity are accounted for as if the Shop Distributive and Allied Employees’ Association NSW Branch had directly disposed of the relevant assets (i.e. reclassified to profit or loss or transferred directly to retained earnings as specified by applicable Standards). The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under AASB 139 ‘Financial Instruments: Recognition and Measurement’ or, when applicable, the cost on initial recognition of an investment in an associate or jointly controlled entity.

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1.7 INVESTMENT IN ASSOCIATES AND JOINT ARRANGEMENT An associate is an entity over which the Shop Distributive and Allied Employees’ Association NSW Branch has significant influence and that is neither a subsidiary nor an interest in a joint venture. Significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies. A joint venture is a type of joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the joint venture. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require unanimous consent of the parties sharing control. A joint operation is a type of joint arrangement whereby the parties that have joint control of the arrangement have rights to the individual assets and obligations for the liabilities of the joint operation. The Shop Distributive and Allied Employees’ Association NSW Branch has not made any investment in an associate or entered into any joint arrangements.. 1.8 ACQUISITION OF ASSETS AND OR LIABILITIES THAT DO NOT CONSTITUTE A BUSINESS COMBINATION The net book value of assets and or liabilities transferred to Shop, Distributive and Allied Employees’ Association NSW Branch for no consideration is used to account for an amalgamation under Part 2 of Chapter 3 of the Fair Work (Registered Organisations) Act 2009/a restructure of the branches of the Shop, Distributive and Allied Employees’ Association NSW Branch/a determination by the Commissioner under subsections 245(1) of the Fair Work (Registered Organisations) Act 2009/a revocation by the Commissioner under subsection 249(1) of the Fair Work (Registered Organisations) Act 2009. The assets and liabilities are recognised as at the date of transfer. 1.9 REVENUE Revenue is measured at the fair value of the consideration received or receivable. Revenue from subscriptions is accounted for on an accrual basis and is recorded as revenue in the year to which it relates. Revenue from the sale of goods is recognised when, the risks and rewards of ownership have been transferred to the buyer, the entity retains no managerial involvement or effective control over the goods, the revenue and transaction costs incurred can be reliably measured, and it is probable that the economic benefits associated with the transaction will flow to the entity. Donation income is recognised when it is received. Receivables for goods and services, which have 30 day terms, are recognised at the nominal amounts due less any impairment allowance account. Collectability of debts is reviewed at end of the reporting period. Allowances are made when collectability of the debt is no longer probable. Interest revenue is recognised on an accrual basis using the effective interest method. Rental revenue from operating leases is recognised on a straight-line basis over the term of the relevant lease. 1.10 GOVERNMENT GRANTS Government grants are not recognised until there is reasonable assurance that the Shop, Distributive and Allied Employees’ Association NSW Branch will comply with the conditions attaching to them and that the grants will be received. Government grants are recognised in profit or loss on a systematic basis over the periods in which the Shop, Distributive and Allied Employees’ Association NSW Branch recognises as expenses the related costs for which the grants are intended to compensate. Specifically, government grants whose primary condition is that the Shop, Distributive and Allied Employees’ Association NSW Branch should purchase, construct otherwise acquire non-current assets are recognised as deferred revenue in the statement of financial position and transferred to profit or loss on a systematic and rational basis over the useful lives of the related assets. Government grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the Shop, Distributive and Allied Employees’ Association NSW Branch with no future related costs are recognised in profit or loss in the period in which they become receivable. 1.11 GAINS Sale of assets Gains and losses from disposal of assets are recognised when control of the asset has passed to the buyer. 1.12 CAPITATION FEES AND LEVIES Capitation fees and levies are to be recognised on an accrual basis and record as a revenue and/or expense in the year to which it relates. 1.13 EMPLOYEE BENEFITS A liability is recognised for benefits accruing to employees in respect of wages and salaries, annual leave, long service leave and termination benefits when it is probable that settlement will be required, and they are capable of being measured reliably. Liabilities for short-term employee benefits (as defined in AASB 119 Employee Benefits) and termination benefits which are expected to be settled within twelve months of the end of reporting period are measured at their nominal amounts. The nominal amount is calculated with regard to the rates expected to be paid on settlement of the liability. Other long-term employee benefits which are expected to be settled beyond twelve months are measured as the present value of the estimated future cash outflows to be made by the reporting unit in respect of services provided by employees up to reporting date. Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions. Provision is made for separation and redundancy benefit payments. Reporting Unit recognises a provision for termination as part of a broader restructuring when it has developed a detailed formal plan for the terminations and has informed those employees affected that it will carry out the terminations. A provision for voluntary termination is recognised when the employee has accepted the offer of termination. 1.14 LEASES Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases. Where an asset is acquired by means of a finance lease, the asset is capitalised at either the fair value of the lease property or, if lower, the present value of minimum lease payments at the inception of the contract and a liability is recognised at the same time and for the same amount. The discount rate used is the interest rate implicit in the lease. Leased assets are amortised over the period of the lease. Lease payments are allocated between the principal component and the interest expense. Operating lease payments are expensed on a straight-line basis which is representative of the pattern of benefits derived from the leased assets. Rental revenue from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term. 1.15 BORROWING COSTS All borrowing costs are recognised in profit and loss in the period in which they are incurred. 1.16 CASH Cash is recognised at its nominal amount. Cash and cash equivalents includes cash on hand, deposits held at call with bank, other short-term highly liquid investments with original maturity of 3 months or less that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value and bank overdrafts. Bank overdrafts are shown within short-term borrowings in current liabilities on the statement of financial position. 1.17 FINANCIAL INSTRUMENTS Financial assets and financial liabilities are recognised when Shop, Distributive and Allied Employees’ Association NSW Branch becomes a party to the contractual provisions of the instrument. Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through profit or loss are recognised immediately in profit or loss. 1.18 FINANCIAL ASSETS Financial assets are classified into the following specified categories: financial assets at fair value through profit or loss, held-to-maturity investments, available-for-sale financial assets and loans and receivables. The classification depends on the nature and purpose of the financial assets and is determined at the time of initial recognition. All regular way purchases or sales of financial assets are recognised and derecognised upon trade date basis. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame established by regulation or convention in the marketplace.

Available-for-sale Listed shares and listed redeemable notes held by the reporting unit that are traded in an active market are classified as available-for-sale and are stated at fair value. The reporting unit also has investments in unlisted shares that are not traded in an active market but that are also classified as available-for-sale financial assets and stated at fair value. Gains and losses arising from changes in fair value are recognised in other comprehensive income and accumulated in the investments revaluation reserve, with the exception of impairment losses, interest calculated using the effective interest method, and foreign exchange gains and losses on monetary assets, which are recognised in profit or loss. Where the investment is disposed of or is determined to be impaired, the cumulative gain or loss previously accumulated in the investments revaluation reserve is reclassified to profit or loss. Dividends on available-for-sale equity instruments are recognised in profit or loss when the reporting unit right to receive the dividends is established. The fair value of available-for-sale monetary assets denominated in a foreign currency is determined in that foreign currency and translated at the spot rate at the end of the reporting period. The foreign exchange gains and losses that are recognised in profit or loss are determined based on the amortised cost of the monetary asset. Other foreign exchange gains and losses are recognised in other comprehensive income. Fair value through profit or loss Financial assets are classified as at fair value through profit or loss when the financial asset is either held for trading or it is designated as at fair value through profit or loss. A financial asset is classified as held for trading if: z it has been acquired principally for the purpose of selling it in the near term; or z on initial recognition, it is part of a portfolio of identified financial instruments that the reporting unit manages together and has a recent actual pattern of short-term profit-taking; or z it is a derivative that is not designated and effective as a hedging instrument. A financial asset other than a financial asset held for trading may be designated as at fair value through profit or loss upon initial recognition if: z such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise; or z the financial asset forms part of a group of financial assets or financial liabilities or both, which is managed and its performance is evaluated on a fair value basis, in accordance with the reporting unit’s documented risk management or investment strategy, and information about the grouping is provided internally on that basis; or z it forms part of a contract containing one or more embedded derivatives, and AASB 139 ‘Financial Instruments: Recognition and Measurement’ permits the entire combined contract (asset or liability) to be designated as at fair value through profit or loss. Financial assets at fair value through profit or loss are stated at fair value, with any gains or losses arising on remeasurement recognised in profit or loss. The net gain or loss recognised in profit or loss incorporates any dividend or interest earned on the financial asset and is included in the ‘other gains and losses’ line item in the statement of comprehensive income. Held-to-maturity investments Financial assets with fixed or determinable payments and fixed maturity dates that the reporting unit has the positive intent and ability to hold to maturity are classified as held-to-maturity investments. Held-to-maturity investments are measured at amortised cost using the effective interest method less any impairment. Loan and receivables Trade receivables, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as ‘loans and receivables’. Loans and receivables are measured at amortised cost using the effective interest method less impairment. Interest is recognised by applying the effective interest rate, except for shortterm receivables when the recognition of interest would be immaterial. Effective interest method The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset, or, when appropriate, a shorter period, to the net carrying amount on initial recognition. Income is recognised on an effective interest rate basis except for debt instruments other than those financial assets that are recognised at fair value through profit or loss. Impairment of financial assets Financial assets, other than those at fair value through profit or loss, are assessed for impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected. For certain categories of financial asset, such as trade receivables, assets that are assessed not to be impaired individually are, in addition, assessed for impairment on a collective basis. Objective evidence of impairment for a portfolio of receivables could include the reporting units past experience of collecting payments, an increase in the number of delayed payments in the portfolio past the average credit period of 60 days, as well as observable changes in national or local economic conditions that correlate with default on receivables. For financial assets carried at amortised cost, the amount of the impairment loss recognised is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate. For financial assets carried at cost, the amount of the impairment loss is measured as the difference between the asset’s carrying amount and the present value of the estimated future cash flows discounted at the current market rate of return for a similar financial asset. Such impairment loss will not be reversed in subsequent periods. The carrying amount of the financial asset is reduced by the impairment loss directly for all financial assets with the exception of trade receivables, where the carrying amount is reduced through the use of an allowance account. When a trade receivable is considered uncollectible, it is written off against the allowance account. Subsequent recoveries of amounts previously written off are credited against the allowance account. Changes in the carrying amount of the allowance account are recognised in profit or loss. When an available-for-sale financial asset is considered to be impaired, cumulative gains or losses previously recognised in other comprehensive income are reclassified to profit or loss in the period. For financial assets measured at amortised cost, if, in a subsequent period, the amount of the impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment was recognised, the previously recognised impairment loss is reversed through profit or loss to the extent that the carrying amount of the investment at the date the impairment is reversed does not exceed what the amortised cost would have been had the impairment not been recognised. In respect of available-for-sale equity securities, impairment losses previously recognised in profit or loss are not reversed through profit or loss. Any increase in fair value subsequent to an impairment loss is recognised in other comprehensive income and accumulated under the heading of investments revaluation reserve. In respect of available-for-sale debt securities, impairment losses are subsequently reversed through profit or loss if an increase in the fair value of the investment can be objectively related to an event occurring after the recognition of the impairment loss. Derecognition of financial assets The reporting unit derecognises a financial asset only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another entity. The difference between the asset’s carrying amount and the sum of the consideration received and receivable and the cumulative gain or loss that had been recognised in other comprehensive income and accumulated in equity is recognised in profit or loss. 1.19 FINANCIAL LIABILITIES Financial liabilities are classified as either financial liabilities ‘at fair value through profit or loss’ or other financial liabilities. Financial liabilities are recognised and derecognised upon ‘trade date’. Fair value through profit or loss Financial liabilities are classified as at fair value through profit or loss when the financial liability is either held for trading or it is designated as at fair value through profit or loss. A financial liability is classified as held for trading if: z it has been acquired principally for the purpose of repurchasing it in the near term; or z on initial recognition, it is part of a portfolio of identified financial instruments that the reporting unit manages together and has a recent actual pattern of short-term profit-taking; or z it is a derivative that is not designated and effective as a hedging instrument.

A financial liability other than a financial liability held for trading may be designated as at fair value through profit or loss upon initial recognition if: z such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise; or z the financial liability forms part of a group of financial assets or financial liabilities or both, which is managed and its performance is evaluated on a fair value basis, in accordance with the reporting units documented risk management or investment strategy, and information about the grouping is provided internally on that basis; or z it forms part of a contract containing one or more embedded derivatives, and AASB 139 ‘Financial Instruments: Recognition and Measurement’ permits the entire combined contract (asset or liability) to be designated as at fair value through profit or loss. Financial liabilities at fair value through profit or loss are stated at fair value, with any gains or losses arising on remeasurement recognised in profit or loss. The net gain or loss recognised in profit or loss incorporates any interest paid on the financial liability and is included in the ‘other gains and losses’ line item in the statement of comprehensive income. Other financial liabilities Other financial liabilities, including borrowings and trade and other payables, are initially measured at fair value, net of transaction costs. Other financial liabilities are subsequently measured at amortised cost using the effective interest method, with interest expense recognised on an effective yield basis. Derecognition of financial liabilities The reporting unit’s derecognises financial liabilities when, and only when, the reporting unit’s obligations are discharged, cancelled or they expire. The difference between the carrying amounts of the financial liability derecognised and the consideration paid and payable is recognised in profit or loss. 1.20 CONTINGENT LIABILITIES AND CONTINGENT ASSETS Contingent liabilities and contingent assets are not recognised in the Statement of Financial Position but are reported in the relevant notes. They may arise from uncertainty as to the existence of a liability or asset or represent an existing liability or asset in respect of which the amount cannot be reliably measured. Contingent assets are disclosed when settlement is probable but not virtually certain, and contingent liabilities are disclosed when settlement is greater than remote. 1.21 LAND, BUILDINGS, PLANT AND EQUIPMENT Asset recognition threshold Purchases of land, buildings, plant and equipment are recognised initially at cost in the Statement of Financial Position. The initial cost of an asset includes an estimate of the cost of dismantling and removing the item and restoring the site on which it is located. Revaluations—land and buildings Following initial recognition at cost, land and buildings are carried at fair value less subsequent accumulated depreciation and accumulated impairment losses. Revaluations are performed with sufficient frequency such that the carrying amount of assets do not differ materially from those that would be determined using fair values as at the reporting date. Revaluation adjustments are made on a class basis. Any revaluation increment is credited to equity under the heading of asset revaluation reserve except to the extent that it reversed a previous revaluation decrement of the same asset class that was previously recognised in the surplus/deficit. Revaluation decrements for a class of assets are recognised directly in the profit or loss except to the extent that they reverse a previous revaluation increment for that class. Any accumulated depreciation as at the revaluation date is eliminated against the gross carrying amount of the asset and the asset is restated to the revalued amount. Depreciation Depreciable property, plant and equipment assets are written-off to their estimated residual values over their estimated useful life using, in all cases, the straight-line method of depreciation. Depreciation rates (useful lives), residual values and methods are reviewed at each reporting date and necessary adjustments are recognised in the current, or current and future reporting periods, as appropriate. Depreciation rates applying to each class of depreciable asset are based on the following useful lives: 2018 2017 Land & Buildings 40 years 40 years Plant and equipment 4 to 40 years 4 to 40 years Derecognition An item of land, buildings, plant and equipment is derecognised upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on the disposal or retirement of an item of property, plant and equipment is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognised in the profit and loss. 1.22 INVESTMENT PROPERTY Investment properties are properties held to earn rentals and/or for capital appreciation (including property under construction for such purposes). Investment properties are measured initially at its cost, including transaction costs. Subsequent to initial recognition, investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit and loss in the period in which they arise. An investment property is derecognised upon disposal or when the investment property is permanently withdrawn from use and no future economic benefits are expected from the disposal. Any gain or loss arising on derecognition of the property (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in profit or loss in the period in which the property is derecognised. 1.23 IMPAIRMENT FOR NON-FINANCIAL ASSETS All assets are assessed for impairment at the end of each reporting period to the extent that there is an impairment trigger. Where indications of impairment exist, the asset’s recoverable amount is estimated and an impairment adjustment made if the asset’s recoverable amount is less than its carrying amount. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. Value in use is the present value of the future cash flows expected to be derived from the asset. Where the future economic benefit of an asset is not primarily dependent on the asset’s ability to generate future cash flows, and the asset would be replaced if the Association were deprived of the asset, its value in use is taken to be its depreciated replacement cost. 1.24 NON-CURRENT ASSETS HELD FOR SALE Non-current assets are classified as held for sale if their carrying amount will be recovered principally through a sale transaction rather than through continuing use. This condition is regarded as met only when the sale is highly probable and the non-current asset is available for immediate sale in its present condition. Management must be committed to the sale, which should be expected to qualify for recognition as a completed sale within one year from the date of classification. Non-current assets classified as held for sale are measured at the lower of their previous carrying amount and fair value less costs of disposal. 1.25 TAXATION Shop, Distributive and Allied Employees’ Association NSW Branch is exempt from income tax under section 50.1 of the Income Tax Assessment Act 1997 however still has obligation for Fringe Benefits Tax (FBT) and the Goods and Services Tax (GST). Revenues, expenses and assets are recognised net of GST except: z where the amount of GST incurred is not recoverable from the Australian Taxation Office; and z for receivables and payables. The net amount of GST recoverable from, or payable to, the taxation authority is included as part of receivables or payables. Cash flows are included in the cash flow statement on a gross basis. The GST component of cash flows arising from investing and financing activities which is recoverable from, or payable to, the Australian Taxation Office is classified within operating cash flows. Cash flows are included in the cash flow statement on a gross basis. The GST component of cash flows arising from investing and financing activities which is recoverable from, or payable to, the Australian Taxation Office is classified within operating cash flows. 1.26 FAIR VALUE MEASUREMENT Shop, Distributive and Allied Employees’ Association NSW Branch measures financial instruments, such as, financial asset as at fair value through the profit and loss, available for sale financial assets, and non-financial assets such as land and buildings and investment properties, at fair value at each balance sheet date. Also, fair values of financial instruments measured at amortised cost are disclosed in Note 16A. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: z In the principal market for the asset or liability, or z In the absence of a principal market, in the most advantageous market for the asset or liability The principal or the most advantageous market must be accessible by the Association. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest.

A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. Shop, Distributive and Allied Employees’ Association NSW Branch uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: z Level 1—Quoted (unadjusted) market prices in active markets for identical assets or liabilities z Level 2—Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable z Level 3—Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable For assets and liabilities that are recognised in the financial statements on a recurring basis, the Shop, Distributive and Allied Employees’ Association NSW Branch determines whether transfers have occurred between Levels in the hierarchy by re-assessing categorisation (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period. External valuers are involved for valuation of significant assets, such as land and buildings and investment properties. Selection criteria include market knowledge, reputation, independence and whether professional standards are maintained. For the purpose of fair value disclosures, the Shop, Distributive and Allied Employees’ Association NSW Branch has determined classes of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy. 1.27 GOING CONCERN Shop, Distributive and Allied Employees’ Association NSW Branch is not reliant on the agreed financial support of another reporting unit to continue on a going concern basis. Shop, Distributive and Allied Employees’ Association NSW Branch has not agreed to provide financial support to another reporting unit to ensure they can continue on a going concern basis. NOTE 2: EVENTS AFTER THE REPORTING PERIOD There were no events that occurred after 30 June 2018, and/or prior to the signing of the financial statements, that would affect the ongoing structure and financial activities of Shop, Distributive and Allied Employees’ Association NSW Branch. NOTE 3: INCOME NOTE 3A: CAPITATION FEES 2018 $ 2017 $ Capitation fees Total capitation fees NOTE 3B: LEVIES Levies Total Levies NOTE 3C: INTEREST Deposits 254,453 204,122 Loans 254,453 204,122 Total interest NOTE 3D: RENTAL REVENUE Properties Investment 1,615,202 1,696,817 Other 5,334 4,942 Lease incentive (457,922) (474,380) Other 1,162,614 1,227,379 Total rental revenue NOTE 3E: GRANTS OR DONATION Grants Donations Total grants or donations NOTE 3F: NET GAINS FROM SALE OF ASSETS Land and buildings Plant and equipment 155,905 23,047 Other 155,905 23,047 Total net gain from sale of assets NOTE 4: EXPENSES NOTE 4A: EMPLOYEE EXPENSES Holders of office: Wages and salaries 328,053 330,050 Superannuation 88,147 64,023 Leave and other entitlements Separation and redundancies Other employee expenses 61,537 30,922 477,737 424,995 Subtotal employee expenses - holders of office Employees other than office holders: Wages and salaries 5,102,904 5,242,297 Superannuation 526,999 559,342 Leave and other entitlements 766,645 669,729 Separation and redundancies 684,284 Other employee expenses 654,619 7,080,832 Subtotal employee expenses - employees other than office holders 7,125,987 7,558,569 7,550,982 Total employee expenses NOTE 4B: CAPITATION FEES Total capitation fees NOTE 4C: AFFILIATION FEES SDA National Office 1,436,067 1,451,577 SDA National Office – International Fund 215,410 217,736 ALP NSW 254,795 259,841 ALP ACT 7,186 7,767 Labor Council NSW 197,164 201,894 Labor Council ACT 1,578 1,724 2,911 Labor Council South Coast 3,507 2,115,111 2,144,046 Total affiliation fees NOTE 4D: ADMINISTRATION EXPENSES Consideration to employers for payroll deductions 1,477,589 289,099 Campaign levies - ACTU IR & others 819 528,300 Fees/allowances - meeting and conferences 98,777 139,955 Conference and meeting expenses 785,916 387,467 Accommodation & Travel 149,116 553,190 Contractors & Consultants 401,946 339,336 Membership Propagation Expense 758,011 752,682 Journal Costs 352,428 486,684 Textbook, Scholarships & Teap Payments 54,696 56,834 Occupancy Expenses 977,478 1,002,329 Printing, Postage & Stationery 192,083 271,234 Telephone 169,117 162,247 Insurance 667,345 755,921 Motor Vehicle 447,445 489,947 624,846 Other 832,005 7,157,612 7,047,230 Subtotal administration expense Operating lease rentals: 345,640 Minimum lease payments 353,651 7,503,252 7,400,881 Total administration expenses

NOTE 4E: GRANTS OR DONATIONS 2018 $ 2017 $ Grants: Total paid that were $1,000 or less Total paid that exceeded $1,000 Donations: Total paid that were $1,000 or less 8,905 4,152 14,212 Total paid that exceeded $1,000 12,228 23,117 16,380 Total grants or donations NOTE 4F: DEPRECIATION Land & buildings 249,858 246,915 Property, Plant and Equipment 560,667 508,942 810,525 755,857 Total depreciation NOTE 4G: LEGAL COSTS Litigation 8,876 8,131 145,767 Other legal matters 204,705 154,643 212,836 Total legal costs NOTE 4H: OTHER EXPENSES Penalties - via RO Act or RO Regulations Total other expenses NOTE 5 CURRENT ASSETS NOTE 5A: CASH AND CASH EQUIVALENTS Cash on hand 1,650 1,650 Cash at bank 1,480,889 1,370,200 Short term deposits 8,615,048 9,509,194 Other 10,097,587 10,881,044 Total cash and cash equivalents NOTE 5B: TRADE AND OTHER RECEIVABLES Receivables from other reporting unit(s) Total receivables from other reporting unit(s) Less provision for doubtful debts Total provision for doubtful debts Net receivables from other reporting unit(s) Other receivables: GST receivable Other Trade receivables 1,101,064 1,562,688 78,468 Other sundry receivables 100,678 1,179,532 1,663,366 Total other receivables 1,179,532 1,663,366 Total Trade and other receivables NOTE 5C: OTHER CURRENT ASSETS Prepayments 1,298,510 1,392,538 1,298,510 Total other current assets 1,392,538 NOTE 6: NON-CURRENT ASSETS NOTE 6A: CASH AND CASH EQUIVALENTS Cash at bank Short term deposits 1,500,000 1,500,000 Other 1,500,000 1,500,000 Total cash and cash equivalents NOTE 6B: LAND AND BUILDINGS Land and buildings: fair value 9,874,600 12,173,500 accumulated depreciation (457,982) (18,237) 9,416,618 12,155,263 Total land and buildings Reconciliation of the Opening and Closing Balances of Land & Buildings As at 1 July Gross book value 9,994,305 9,874,600 Accumulated depreciation and impairment (271,500) (457,982) 9,722,805 Net book value 1 July 9,416,618 Additions: By purchase From acquisition of entities (including restructuring) Revaluations (119,705) 2,298,900 Impairments Depreciation expense (249,858) (246,915) Other movement: Reversal of accumulated depreciation due to revaluation 63,376 686,660 Disposals: From disposal of entities (including restructuring) Other 9,416,618 Net book value 30 June 12,155,263 Net book value as of 30 June represented by: Gross book value 9,874,600 12,173,500 Accumulated depreciation and impairment (457,982) (18,237) 9,416,618 Net book value 30 June 12,155,263 The fair value of land and buildings is included within level 2. The revalued land and buildings consist of commercial property and carparking spaces held within NSW and the ACT Management determined that these constitute one class of asset under AASB 13, based on the nature, characteristics and risks of the property. Fair value of the properties was determined by using direct comparison on a rate per square metre of lettable area supported by the capitalisation of net income method. This means that it utilises sales that have been analysed on a rate /m2 of strata area basis and compares the equivalent rates to the subject to establish the property’s current market value. As at the date of revaluation, 30 June 2018, the properties’ fair values are based on valuations performed by; Mark Willers of LandMark White and Timothy Heaton of CBRE Valuation & Advisory Services, an accredited independent valuer with a recognised professional qualification in Australian Property Institute and with recent experience in the location and category of the investment property being valued. A significant increase (decrease) in estimated price per square metre in isolation would result in a significantly higher (lower) fair value.

NOTE 6C: PLANT AND EQUIPMENT 2018 $ 2017 $ Plant and equipment: at cost 3,796,694 3,781,482 (2,798,296) accumulated depreciation (2,772,757) 998,398 1,008,725 Total plant and equipment Reconciliation of the Opening and Closing Balances of Plant & Equipment As at 1 July Gross book value 3,781,152 3,796,694 Accumulated depreciation and impairment (2,509,069) (2,798,296) 1,272,083 Net book value 1 July 998,398 Additions: By purchase 323,347 591,998 From acquisition of entities (including restructuring) Impairments Depreciation expense (560,667) (508,942) Other movement: Reversal of accumulated depreciation due to disposal 271,440 534,481 Disposals: From disposal of entities (including restructuring) Other (307,805) (607,210) 998,398 Net book value 30 June 1,008,725 Net book value as of 30 June represented by: Gross book value 3,796,694 3,781,482 Accumulated depreciation and impairment (2,798,296) (2,772,757) 998,398 Net book value 30 June 1,008,725 NOTE 6D: INVESTMENT PROPERTY Property Opening balances as at 1 July 16,102,000 27,909,500 Additions Net gain/(loss) from fair value adjustment 11,807,500 27,909,500 Closing balance as at 30 June 27,909,500 Lease Incentive Opening balances as at 1 July 4,579,223 4,653,598 Additions 74,375 193,402 (3,015,473) Less accumulated amortisation of lease incentive (3,489,853) 1,638,125 Closing balance as at 30 June 1,357,147 29,547,625 Total Investment Property 29,266,647 Property valuations were performed by Mark Willers of LandMark White, an accredited independent valuer with a recognised and relevant professional qualification and with recent experience in the location and category of the investment property being valued. The fair value of completed investment property has been determined on a market value basis in accordance with International Valuation Standards (IVS), as set out by the International Valuation Standards Council (IVSC). In arriving at their estimates of market values, the valuers have used their market knowledge and professional judgement and not only relied on historical transactional comparables. The highest and best use of the investment properties is not considered to be different from its current use. Additions during the year relate to improvements on commercial property. This forms part of the lease incentive. Rental income earned and received from the investment properties during the year was $1,696,817 (2017: $1,615,202). Direct expenses incurred in relation to the investment properties that generated rental income during the year was $529,066 (2017: $517,358). During the year and as at the year-end, no restrictions on the realisability of investment property or the remittance of income and proceeds of disposal were present. The Association does not have any contractual obligations to purchase, construct or develop investment property or for repairs, maintenance or enhancements. The fair value of the investment property is included within level 2. NOTE 6E: OTHER NON-CURRENT ASSETS Prepayments 88,707 5,054 Other 88,707 Total other non-financial assets 5,054 NOTE 7: CURRENT LIABILITIES NOTE 7A: TRADE PAYABLES 537,798 Trade creditors and accruals 621,348 Operating lease rentals 537,798 621,348 Subtotal trade creditors Payables to other reporting unit(s) Subtotal payables to other reporting unit(s) 553,248 621,348 Total trade payables NOTE 7B: OTHER PAYABLES Superannuation Payable to employers for making payroll deductions of membership subscriptions Legal costs GST payable (11,967) 10,072 15,450 Other 1,545 3,483 11,617 Total other payables Total other payables are expected to be settled in: No more than 12 months 3,483 11,617 More than 12 months 3,483 11,617 Total other payables NOTE 8: EMPLOYEE PROVISIONS NOTE 8A: EMPLOYEE PROVISIONS Office Holders: Annual leave 71,270 80,151 Long service leave 133,725 126,302 Separations and redundancies Other 204,995 Subtotal employee provisions — office holders 206,453 Employees other than office holders: Annual leave 767,267 762,594 Long service leave 1,478,102 1,508,885 Separations and redundancies Other 2,245,369 2,271,479 Subtotal employee provisions — employees other than office holders 2,450,364 2,477,932 Total employee provisions Current 2,431,161 2,458,670 Non-current 19,203 19,262 2,450,364 2,477,932 Total employee provisions NOTE 9: EQUITY NOTE 9A: GENERAL FUNDS Asset Revaluation Reserve Balance at start of the year: 5,683,423 17,434,594 Transfers to reserve 11,751,171 2,985,559 Transfers out of reserve Balance as at end of year 17,434,594 20,420,153 17,434,594 20,420,153 Total Reserves

NOTE 9B: OTHER SPECIFIC DISCLOSURES - FUNDS 2018 $ 2017 $ Compulsory levy/voluntary contribution fund – if invested in assets Other fund(s) required by rules Balance at start of the year: Transfers to reserve Transfers out of reserve Balance as at end of year NOTE 10: CASH FLOW NOTE 10A: CASH FLOW RECONCILIATION Reconciliation of cash and cash equivalents as per Balance Sheet to Cash Flow Statement: Cash and cash equivalents as per: Cash flow statement 11,597,587 12,381,044 Balance sheet 11,597,587 12,381,044 Difference Reconciliation of profit/(loss) to net cash from operating activities: 348,198 640,848 Profit/(loss) for the year Adjustments for non-cash items: 810,525 755,857 Depreciation Net write-down of non-financial assets (44,523) Non-cash income (23,047) (155,905) (Gain)/Loss on disposal of assets Changes in assets/liabilities 37,243 (483,834) (Increase)/decrease in net receivables (13,977) (10,375) (Increase)/decrease in prepayments (24,423) 83,550 Increase/(decrease) in supplier payables 6,873 8,134 Increase/(decrease) in other payables (25,457) 27,569 Increase/(decrease) in employee provisions Increase/(decrease) in other provisions 1,115,935 821,321 Net cash from (used by) operating activities NOTE 10B: CASH FLOW INFORMATION Cash inflows from other Reporting Units: Shop, Distributive & Allied Employees’ Association - National Office 50,119 18,960 Shop, Distributive & Allied Employees’ Association – Newcastle & Northern Branch 11,748 50,119 30,708 19,499,048 20,581,087 Total cash inflows for the year Cash outflows from other Reporting Units: Shop, Distributive & Allied Employees’ Association – National Office 1,711,844 2,094,161 Shop, Distributive & Allied Employees’ Association – Newcastle & Northern Branch 303,018 Shop, Distributive & Allied Employees’ Association – Northern Territory 1,578 Shop, Distributive & Allied Employees’ Association – Queensland Branch 11,960 Shop, Distributive & Allied Employees’ Association – South Australian Branch 13,250 Shop, Distributive & Allied Employees’ Association – Victorian Branch 5,539 Shop, Distributive & Allied Employees’ Association – Western Australian Branch 12,305 1,711,844 2,441,811 18,263,500 19,797,630 Total cash outflows for the year NOTE 11: CONTINGENT LIABILITIES, ASSETS AND COMMITMENTS NOTE 11A: COMMITMENTS AND CONTINGENCIES Operating lease commitments—as lessee The operating leases (property, plant, equipment and a membership hosting system) are non-cancellable with terms of three to six years. Operating leases are paid quarterly or monthly in advance. The leases provide a right of renewal at which time all terms are renegotiated. Future minimum rentals payable under non-cancellable operating leases as at 30 June are as follows: Within one year 344,694 362,082 After one year but not more than five years 541,555 146,662 More than five years 886,249 508,744 Operating lease commitments—as lessor The association leases out its investment properties under operating leases (see note 7C). The future minimum lease income under non-cancellable leases are as follows: Future minimum rentals receivable under non-cancellable operating leases as at 30 June are as follows: Within one year 1,238,060 1,277,754 After one year but not more than five years 2,497,425 2,041,184 More than five years 3,735,485 3,318,938 During the year, $1,227,379 was recognised as rental income in profit or loss (2017: $1,162,614) Capital commitments The Association does not have any future capital commitments. Other contingent assets or liabilities (i.e. legal claims) The Association is not aware of any contingent asset or liability. NOTE 12: RELATED PARTY DISCLOSURES NOTE 12A: RELATED PARTY TRANSACTIONS FOR THE REPORTING PERIOD The following table provides the total amount of transactions that have been entered into with related parties for the relevant year: Revenue received from Shop, Distributive & Allied Employees’ Association National Office includes the following: Reimbursements - Other 50,119 18,538 Expenses paid to Shop, Distributive & Allied Employees’ Association National Office includes the following: Affiliation fees 1,436,067 1,451,577 Campaign levies 819 426,900 Other 5,682 56,637 Expenses paid to Shop, Distributive & Allied Employees’ Association National Office – International Fund includes the following: Affiliation Fees – International Fund 215,410 217,737 Expenses paid to Australian Labor Party NSW includes the following: Affiliation fees 254,795 259,841 Donations – Campaign lunches / dinners 2,118 727 Donations – Other 2,118 900 Expenses paid to the Australian Labor Party ACT includes the following: Affiliation fees 7,185 7,767 Donations – campaign levy 3,080 Expenses paid to the Labor Council NSW includes the following: Affiliation fees 197,164 201,894 Expenses paid to the Australian Labor Council ACT includes the following: Affiliation fees 1,578 1,724 Expenses paid to the Labor Council South Coast includes the following: Affiliation fees 2,911 3,507 The sales to and purchases from related parties are made on terms equivalent to those that prevail in arm’s length transactions. Outstanding balances for sales and purchases at the year-end are unsecured and interest free and settlement occurs in cash. There have been no guarantees provided or received for any related party receivables or payables. For the year ended 30 June 2018, the Shop Distributive and Allied Employees’ Association NSW Branch has not recorded any impairment of receivables relating to amounts owed by related parties and declared person or body (2017: $Nil). This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates.

SDA NEWS I SPRING 2018 I PAGE 41

NOTE 12B: KEY MANAGEMENT PERSONNEL REMUNERATION 2018 $ 2017 $ FOR THE REPORTING PERIOD Short-term employee benefits Salary (including annual leave taken) 319,772 326,012 Annual leave accrued 16,163 5,602 Performance bonus 31,384 Non-Monetary (motor vehicle & parking) 30,922 367,319 362,536 Total short-term employee benefits Post-employment benefits: 88,147 Superannuation 64,023 88,147 Total post-employment benefits 64,023 Other long-term benefits: 9,855 Long-service leave 4,725 9,855 4,725 Total other long-term benefits Termination benefits 465,321 431,284 Total Key Management Personnel Bernie Smith Robert Tonkli Narelle Corrine Boyle Total Secretary Assistant Atkins Information REMUNERATION FOR 2018 Secretary Organiser Officer $ $ $ $ $ Short-term employee benefits Salary (including annual leave taken) 128,025 111,193 41,249 45,545 326,012 Honorarium Annual leave accrued 941 4,514 147 5,602 14,579 16,343 30,922 Non-monetary (motor vehicle & parking) 143,545 132,050 41,396 45,545 362,536 Total short-term employee benefits Post-employment benefits: Superannuation 27,581 20,947 6,819 8,676 64,023 27,581 20,947 6,819 8,676 64,023 Total post-employment benefits Other long-term benefits: 3,594 1,130 4,724 Long-service leave Total other long-term benefits 3,594 1,130 4,724 171,126 156,591 49,345 54,221 431,283 Total REMUNERATION FOR 2017 Short-term employee benefits Salary (including annual leave taken) 115,129 108,035 37,862 58,746 319,772 Honorarium Annual leave accrued 5,535 5,185 3,470 1,973 16,163 14,226 17,158 31,384 Non-monetary (motor vehicle & parking) 134,890 130,378 41,332 60,719 367,319 Total short-term employee benefits Post-employment benefits: 24,944 20,298 6,098 36,807 88,147 Superannuation 24,944 20,298 6,098 36,807 88,147 Total post-employment benefits Other long-term benefits: 4,974 1,055 900 2,926 9,855 Long-service leave 4,974 1,055 900 2,926 9,855 Total other long-term benefits 164,808 151,731 48,330 100,452 465,321 Total NOTE 13: REMUNERATION OF AUDITOR 2018 $ 2017 $ Value of the services provided Financial statement audit services 51,500 52,800 Other services 51,500 52,800 Total remuneration of auditors No other services were provided by the auditors of the financial statements. NOTE 14: FINANCIAL INSTRUMENTS The Shop Distributive and Allied Employees’ Association NSW financial instruments consist primarily of deposits with banks, short term investments, accounts receivable and accounts payable. The totals for each category of financial Instruments are summarised in note 14A. The Committee of Management has overall responsibility for the establishment and oversight of risk management policies. Main policies aim to minimise potential risk exposure by actively securing short to medium term cash flows through minimising exposure to financial markets. The Association currently does not hold any long term financial instruments. The Association does not actively engage in the trading of financial assets for speculative purposes. The main risks faced by the Association consist of; credit risk, liquidity risk and market risk, which are outlined below. a) Credit risk Credit risk is the risk of financial loss to the Association if a counterparty to a financial instrument fails to meet its contractual obligations, and arises primarily from the Association’s receivables and other financial assets. i) Receivables The Association’s exposure to credit risk is influenced mainly by the individual characteristics of each customer or tenant. The Association takes reasonable steps to ensure the credit worthiness of tenants. None of the tenants were in arrears at balance sheet date and there is no indication that any present significant credit risk. The Association continuously monitors defaults of customers and incorporates this information into its credit risk policies. ii) Cash and cash equivalents The maximum exposure of these assets is shown in note 16D. The cash and cash equivalents are held with bank counterparties, all of which are located in Australia. b) Liquidity risk Liquidity risk is the risk that the Association will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Association manages liquidity risk by monitoring forecast cash flows and ensuring that adequate cash facilities are maintained to meet liabilities when due under both normal and stress conditions, without incurring any unacceptable losses (note 14C). c) Market Risk Market risk is the risk that changes in the market prices, such as foreign exchange rates, interest rates and equity prices will affect the Associations income or the value of its holdings of financial instruments. The Association aims to control and manage market risk exposures to acceptable levels, while optimising return (note 16D). d) Interest rate risk The Association’s interest rate risk arises primarily from investments in term deposits which are issued at fixed rates for 30-day and 90-day terms. Term deposits mature at regular intervals to smooth fluctuations in interest rates being offered. The majority of cash reserves are held in term deposits with the remainder held in variable rate at call cash accounts used to provide liquidity of funds. Capital Management In conjunction with the above risk policies, specifically those relating to financial instruments, the Association’s policy is to maintain a strong capital base so as to sustain member, creditor and market confidence and to sustain future development of the unions activities. The Committee of Management monitors the return on capital and seeks to maintain a conservative position. There were no changes in the Association’s approach to capital management during the year. NOTE 14A: CATEGORIES OF FINANCIAL ASSETS Financial Assets 2018 $ 2017 $ Cash & cash equivalents 11,597,587 12,381,044 Trade & other receivables 1,179,532 1,663,366 Financial Assets at fair value through profit or loss: Held to maturity investments: Available for sale financial assets: 12,777,119 14,044,410 Total financial assets Financial Liabilities Trade & other payables 541,281 632,965 541,281 632,965 Total financial liabilities

PAGE 42 I SPRING 2018 I SDA NEWS

NOTE 14B: CREDIT RISK 2018 $ 2017 $ The Association is not exposed to any material credit risk. The following table illustrates the entity’s gross exposure to credit risk, excluding any collateral or credit enhancements. Financial assets Cash & cash equivalents 11,597,587 12,381,044 1,179,532 Trade & other receivables 1,663,366 12,777,119 Total 14,044,410 Financial liabilities 541,281 Trade & other payables 632,965 541,281 632,965 Total In relation to the entity’s gross credit risk the following collateral is held: nil Credit quality of financial instruments not past due or individually determined as impaired Not past due Not past due nor impaired nor impaired Cash & cash equivalents 11,597,587 12,381,044 Trade & other receivables 1,179,532 1,663,366 12,777,119 14,044,410 Total Past due Past due or impaired or impaired Cash & cash equivalents Trade & other receivables Total Ageing of financial assets that were past due but not impaired for 2018 None of the Shop Distributive and Allied Employees’ NSW Branch’s receivables were past due and based on past default rates and minimal credit risk, the Association believes no impairment allowance is necessary. Other financial assets consist of term deposits and at call accounts, held with the Commonwealth Bank of Australia, thus the Association believes no impairment allowance is necessary. As at 30 June 2018 the Association does not have any collective impairments on its cash and cash equivalents or receivables. None of the receivables lie outside Australia. Ageing of financial assets that were past due but not impaired for 2017 None of the Shop Distributive and Allied Employees’ NSW Branch’s were past due and based on past default rates and minimal credit risk, the Association believes no impairment allowance is necessary. Other financial assets consist of term deposits and at call accounts, held with the Commonwealth Bank of Australia, thus the Association believes no impairment allowance is necessary. As at 30 June 2017 the Association does not have any collective impairments on its cash and cash equivalents or receivables. None of the receivables lie outside Australia. NOTE 14C: LIQUIDITY RISK The Association manages liquidity risk by monitoring forecast cash flows and ensuring that adequate cash facilities are maintained. The Association assess the liquidity risk as minimal as it holds sufficient financial assets to cover the expected contractual outflows. Contractual maturities for financial liabilities On Demand < 1 year 1– 2 years 2– 5 years >5 years Total 2018 $ $ $ $ $ Trade Payables 621,348 621,348 Other payables 11,617 11,617 632,965 632,965 Total 2017 Trade Payables 537,798 537,798 3,483 3,483 Other payables 541,281 541,281 Total NOTE 14D: MARKET RISK Interest Rate Risk Interest rate risk is managed with a mixture of fixed and floating rate cash balances. At 30 June 2018, approximately 88.41% (2017: 87.47%) of the Association’s cash balance is fixed. The fixed rate instruments consist of 90 & 180-day term deposits and money market call account, shown in cash and cash equivalents (Notes 5A &6A)). A one percent (1.0%) change in interest rates at the reporting date would have increased (decreased) equity and profit or loss by the amounts shown below. This analysis assumes that all other variables remain constant. This analysis is performed on the same basis for 2017. Sensitivity analysis of the risk that the entity is exposed to Risk variable Change in risk Effect on variable % 2018: Profit and loss $ Equity $ Interest rate risk Increase 110,092 110,092 1.0% Interest rate risk Decrease (110,092) (110,092) (1.0%) 2017: Interest rate risk Increase 101,150 101,150 1.0% Interest rate risk Decrease (101,150) (101,150) (1.0%) Price Risk The Association is not exposed to any price risk. Foreign Currency Risk The Association is not exposed to fluctuations in foreign currencies. NOTE 15: FAIR VALUE MEASUREMENT NOTE 15A: FINANCIAL ASSETS AND LIABILITIES Management of the reporting unit assessed that cash, trade receivables, trade payables, and other current liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments. The fair value of financial assets and liabilities is included at the amount which the instrument could be exchanged in a current transaction between willing parties. The following methods and assumptions were used to estimate the fair values: z Fair values of the reporting unit’s interest-bearing borrowings and loans are determined by using a discounted cash flow method. The discount rate used reflects the issuer’s borrowing rate as at the end of the reporting period. The own performance risk as at 30 June 2018 was assessed to be insignificant. z Fair value of available-for-sale financial assets is derived from quoted market prices in active markets. z Long-term fixed-rate and variable-rate receivables/borrowings are evaluated by the Group based on parameters such as interest rates and individual credit worthiness of the customer. Based on this evaluation, allowances are taken into account for the expected losses of these receivables. As at 30 June 2018 the carrying amounts of such receivables, net of allowances, were not materially different from their calculated fair values. The Association measures and recognises the following assets at their fair value on a recurring basis after initial recognition: z Available-for-sale financial assets z Freehold land and building; and z Investment property The following table contains the carrying amounts and related fair values for the Shop, Distributive and Allied Employees’ Association NSW Branch financial assets and liabilities: Carrying amount Fair value Carrying amount Fair value 2017 2017 2018 2018 $ $ $ $ Financial Assets Cash & cash equivalents 11,597,587 11,597,587 12,381,044 12,381,044 1,179,532 1,179,532 Trade & other eceivables 1,663,366 1,663,366 12,777,119 12,777,119 Total 14,044,410 14,044,410 Financial Liabilities Trade & other payables 541,281 541,281 634,965 634,965 541,281 541,281 Total 634,965 634,965

NOTE 15B: FAIR VALUE HIERARCHY The following table provide an analysis of financial and non-financial assets and liabilities that are measured at fair value, by fair value hierarchy. Consolidated: Date of valuation Level 1 Level 2 Level 3 2018 $ $ $ Assets measured at fair value Non-Financial Assets Land & Buildings 30 June 2018 12,155,263 27,909,500 Investment Property 30 June 2017 40,064,763 Total 2017 Assets measured at fair value Non-Financial Assets Land & Buildings 30 June 2017 9,416,618 Investment Property 30 June 2017 27,909,500 37,326,118 Total Total amount disclosed in 2017 the fair value of investment property (consolidated) was $27,909,500 and carrying amount of lease incentive was $1,638,125 giving a total of $29,547,625 (parent: $0). In 2018 the fair value of investment property (consolidated) was $27,909,500 and carrying amount of lease incentive was $1,357,147 giving a total of $29,266,647 (parent: $0). All investment properties held by the Shop, Distributive and Allied Employees’ Association NSW Branch were revalued in 2017 as per internal policy. No revaluations took place in year 2018. NOTE 16: BUSINESS COMBINATIONS Subsidiaries acquired Name of entity Principal activity Date of Control acquired Consideration acquisition % transferred 2018 No acquisitions 2017: Shop, Distributive and Allied Preserving and enhancing the Refer to 100 Employees’ Association wages and working conditions of its Note 17 NSW Deductions Account members, and the promotion of the interests and rights of workers Consideration transferred 2018: No acquisitions Cash Total 2017: Cash Total Assets acquired and liabilities assumed at the date of acquisition 2018: Current assets Non-current assets Current liabilities Non-current liabilities

2017: Current assets Cash and cash equivalents Trade and other receivables Other current assets Non-current assets Land & buildings Plant & equipment Investment property Other non-current assets Current liabilities Trade and other payables Employee provisions Non-current liabilities Employee provisions

Shop, Distributive and Allied Employees’ Association NSW Deductions Account Office Total Total

Shop, Distributive and Allied Employees’ Association NSW Deductions Account Office 10,320,915 1,166,462 96,859

10,320,915 1,166,462 96,859

9,722,805 1,272,083 18,123,673 100,525

(539,243) (2,445,838)

(29,982) 37,788,259

Goodwill arising on acquisition No goodwill was recorded on the acquisition of the Shop, Distributive and Allied Employees’ NSW Deductions Account Office.

NOTE 17: INFORMATION ABOUT SUBSIDIARIES The consolidated financial statements of the Shop, Distributive and Allied Employees’ Association NSW Branch include: Name of entity Principal activity Country of Control Control origin 2018 2017 % % Shop, Distributive and Allied Preserving and enhancing the wages and Australia 100 Employees’ Association working conditions of its members, and NSW Deductions Account the promotion of the interests and rights of workers There are no other subsidiaries nor is there any non-controlling interests held by other parties. Disposal of Controlled Entities On 23 April 2018, the Shop, Distributive and Allied Employees’ Association (SDA) NSW Branch absorbed its controlled entity, the SDA Deductions Account, due to changes in Rule 6 of the SDA’s national rules being approved by the Fair Work Commission. Refer to note 18 for further detail. Upon this event occurring, the SDA NSW Branch did not recognise any gains or losses in profit or loss or other comprehensive income. Further, no consideration was received by the SDA NSW Branch upon this event occurring. No remaining interest was held by the SDA NSW Branch. NOTE 18: NSW DEDUCTIONS ACCOUNT History The Shop, Distributive and Allied Employees’ Association (SDA) NSW Deductions Account was set up as an account operated by the SDA nationally on behalf of the SDA NSW Branch. Its creation was authorised under Rule 6(d) of the SDA’s national rules. For many years the practical day to day operation and control of the account has been directly exercised by the SDA NSW Branch through the delegated authority of the SDA National Executive. The Financial Reports for the year ended 30 June 2017 for the SDA NSW Branch and the Deductions Account were prepared as a consolidated set of accounts. In previous years, each of these entities had lodged separate financial reports with the Registered Organisations Commission (ROC) or its predecessor. Change The supreme governing body of the SDA is the SDA National Council. It met in Newcastle last year from 16 – 20 October 2017. At that meeting the SDA National Council resolved unanimously to: - Alter the rules of the SDA by deleting Rule 6(d) of the National Rules of the SDA that had referred to the SDA NSW Deductions Account; and - That upon the certification of the Rule changes by the Fair Work Commission (FWC) the SDA NSW Deductions Account would be under the management of the SDA NSW Branch and form part of the Branch Fund of the SDA NSW Branch. Following the meeting of the SDA National Council the SDA made application to the FWC on 1 November 2017 to alter the SDA National Rules consistent with the decisions of the National Council. On 23 April 2018 a decision of the Fair Work Commission approving the alteration to Rule 6 by the deletion of Rule 6(d) was approved. This decision in combination with the SDA National Council resolution means that from 23 April 2018 the SDA NSW Deductions Account became part of the SDA NSW Branch Fund. Outcome - Financial Reports for the year ended 30 June 2018 The Financial Reports for the year ended 30 June 2018 have been prepared with SDA NSW Branch having no controlled entity. All the assets and liabilities of the Deductions Account have been absorbed into the accounts of the SDA NSW Branch. NOTE 19: SECTION 272 FAIR WORK (REGISTERED ORGANISATIONS) ACT 2009 In accordance with the requirements of the Fair Work (Registered Organisations) Act 2009, the attention of members is drawn to the provisions of subsections (1) to (3) of section 272, which reads as follows: Information to be provided to members or Commissioner: 1) A member of a reporting unit, or the Commissioner, may apply to the reporting unit for specified prescribed information in relation to the reporting unit to be made available to the person making the application. 2) The application must be in writing and must specify the period within which, and the manner in which, the information is to be made available. The period must not be less than 14 days after the application is given to the reporting unit. 3) A reporting unit must comply with an application made under subsection (1). NOTE 20: OFFICERS DECLARATION STATEMENT I, Bernard Smith, being the Branch Secretary of the Shop, Distributive and Allied Employees’ Association NSW Branch, declare that the following activities did not occur during the reporting period ending 30 June 2018. The reporting unit did not: • agree to receive financial support from another reporting unit to continue as a going concern (refers to agreement regarding financial support not dollar amount) • agree to provide financial support to another reporting unit to ensure they continue as a going concern (refers to agreement regarding financial support not dollar amount) • acquire an asset or liability due to an amalgamation under Part 2 of Chapter 3 of the RO Act, a restructure of the branches of an organisation, a determination or revocation by the General Manager, Fair Work Commission • receive capitation fees from another reporting unit • receive any other revenue from another reporting unit • receive revenue via compulsory levies • receive donations or grants • receive revenue from undertaking recovery of wages activity • pay capitation fees to another reporting unit • pay a grant that was $1,000 or less • pay a grant that exceeded $1,000 • pay a penalty imposed under the RO Act or the Fair Work Act 2009 • have a payable to an employer for that employer making payroll deductions of membership subscriptions • have a fund or account for compulsory levies, voluntary contributions or required by the rules of the organisation or branch • have another entity administer the financial affairs of the reporting unit • make a payment to a former related party of the reporting unit Signed by the officer: Bernie Smith, Secretary/Treasurer Dated: 14 August 2018

SDA NEWS I SPRING 2018 I PAGE 43

Luna Park Family Day Sunday 26 August 2018

Harry Dhiman from Petrol Plus Kingswood was one of our lucky raffle winners.

Hiren Patel from Woolworths Rouse Hill also won a raffle prize.

And lucky last â&#x20AC;&#x201D; Natalie Raciti from Big W Kingsgrove also went home a happy winner.

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Rukman Mahendrarajah from David Jones Bondi Junction was yet another winner!