Legal Profession Uniform Law (NSW)

The Council must, within 4 months after the end of each financial year, submit an annual report for the financial year to the Standing Committee.

The annual report must include a financial statement for the Council for the period to which the report relates.

The financial statement is to be prepared in accordance with Australian Accounting Standards.

The financial statement is to be audited and a report is to be provided by the auditor.

The financial statement may be combined with the financial statement required by clause 10 of Schedule 2.

The Standing Committee is to make arrangements for the tabling of the annual report of the Council, and the report of the auditor with respect to the financial statement in the report, in the Parliament of each participating jurisdiction.

The Standing Committee may extend, or further extend, the period for submission of an annual report to the Committee by a total period of up to 2 months.