Speech Pathology Australia Annual Report 2020

24 Post-balance date events The Victorian Government applied Stage 4 restrictions on 2 August 2020 as a result of the rising COVID-19 cases in Greater Metropolitan Melbourne. The Company continued to operate within the government’s permitted activities. In addressing and implementing the necessary changes to ensure the Company complies with these measures, the Board continued to enact the Company’s stated business continuity plan of enabling all staff to work remotely, with an initial transition period of skeleton staffing at its head office. Management recognises that the situation associated with the management of COVID-19 continues to evolve on a daily basis and it is difficult to estimate with any degree of certainty the resulting impact (financial and operational) which this may have on the Company, its members and its future results and financial position. Subsequent to year end, the state of emergency in Victoria was extended until 9 April 2021. Any future changes to the Company's operations relating to COVID-19 will be in response to Victorian Government's directions. No other matters or circumstances have arisen since the end of the financial year which significantly affected or may affect the operations of the Company, the results of the operations or the state of affairs of the Company in the future financial years. 25 Members’ guarantee The Company is incorporated under the Corporations Act 2001 and is a Company limited by guarantee. If the Company is wound up, the constitution states that each member is required to contribute a maximum $100 each towards meeting any outstanding obligations of the entity. At 31 December 2020, the total amount that members of the Company are liable to contribute if the Company wound up is $1,117,400 (2019: $986,200).

Directors’ declaration

In the opinion of the Directors of The Speech Pathology Association of Australia Ltd: a. The financial statements and notes of The Speech Pathology Association of Australia Ltd are in accordance with the Corporations Act 2001 , including: i Giving a true and fair view of its financial position as at 31 December 2020 and of its performance for the financial year ended on that date; and ii Complying with Australian Accounting Standards – Reduced Disclosure Requirements (including the Australian Accounting Interpretations) and the Corporations Regulations 2001 ; and b. There are reasonable grounds to believe that The Speech Pathology Association of Australia Ltd will be able to pay its debts as and when they become due and payable.

Signed in accordance with a resolution of the Directors:

Timothy Kittel President

Maree Doble Vice President Operations

Dated the 24th day of March 2021

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2020 ANNUAL REPORT Speech Pathology Australia