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Heide Museum of Modern Art 2010 Annual Report

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13. Financial Statements<br />

Members’ Guarantee<br />

The company is incorporated under the<br />

Corporations Act 2001 and is an entity<br />

limited by guarantee. If the company is<br />

wound up, the constitution states that<br />

each member is required to contribute a<br />

maximum <strong>of</strong> $50 each towards meeting<br />

any outstanding obligations <strong>of</strong> the entity.<br />

At 31 December <strong>2010</strong> the collective liability<br />

<strong>of</strong> members was $1,350 (2009: $1,350).<br />

Auditor’s Independence Declaration<br />

The auditor’s independence declaration for<br />

the year ended 31 December <strong>2010</strong> has been<br />

received and can be found on page 78 <strong>of</strong><br />

the financial report.<br />

Signed in accordance with a resolution <strong>of</strong><br />

the Board <strong>of</strong> Directors.<br />

Fiona Bennett<br />

Director<br />

Trevor Tappenden<br />

Director<br />

Dated this 18 day <strong>of</strong> March 2011<br />

<strong>Heide</strong> <strong>Museum</strong> <strong>of</strong> <strong>Modern</strong> <strong>Art</strong><br />

<strong>2010</strong> <strong>Annual</strong> <strong>Report</strong><br />

I declare that, to the best <strong>of</strong> my knowledge<br />

and belief, during the year ended<br />

31 December <strong>2010</strong> there have been:<br />

(i) no contraventions <strong>of</strong> the auditor<br />

independence requirements as set out<br />

in the Corporations Act 2001 in relation<br />

to the audit; and<br />

(ii) no contraventions <strong>of</strong> any applicable<br />

code <strong>of</strong> pr<strong>of</strong>essional conduct in relation<br />

to the audit.<br />

Saward Dawson Chartered Accountants<br />

Tim Flowers<br />

Partner<br />

Dated 18 March 2011<br />

51

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