SLSC annual financial reports will need to include details regarding related party transactions. SLSC Treasurers should log these transactions during the year in preparation for the annual financial reporting requirements.
Related parties are people or organisations with a significant influence over the SLSC’s strategy and finances (including board members or executive officers, rather than operational managers), and close members of their families (such as a parent, partner, sibling, or child).
Further ACNC guidance on related party transactions, conflicts of interest and record-keeping obligations can be found here.