Australian Human Rights Commission Annual Report November 2022 Managing uncertainties 5.1: Contingent assets and liabilities Quantifiable Contingencies At the time signing these financial statements, the Commission had no quantifiable contingent liabilities. Unquantifiable Contingencies At the time of signing these financial statements the Commission : • • • was a respondent to four judicial review applications in the Federal Court in relation to administrative decisions of the Commission. In each of these proceedings, the Commission has filed a submitting notice, the applicant is unrepresented and the Commonwealth Attorney-General is appearing as a contradictor. Two of the Federal Court proceedings involve related applications for leave to appeal against interlocutory decisions. It is not usual for any costs order to be made against the Commission in any of the kinds of proceedings described in this paragraph and therefore we do not expect there to be any financial impact on the Commission as a result of these proceedings. was a respondent to an application in the Federal Circuit and Family Court of Australia. In the Commission’s view, these proceedings have not been properly commenced and the Commission has filed submissions to have the proceedings dismissed. We do not expect there to be any financial impact on the Commission as a result of these proceedings. was a respondent to an application in the Federal Court in relation to the handling of a complaint. In the Commission’s view this application is misconceived. Save for the legal costs the Commission incurs in defending this application we do not expect there to be any financial impact on the Commission as a result of these proceedings. Accounting Policy Contingent liabilities and contingent assess are not recognised in the statement of financial position but are reported in the notes. They may arise from uncertainty as to the existence of a liability or asset or represent an asset or liability 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. 107