Annual financial statements of Government Business Divisions
10 Annual financial statements of Government Business Divisions
(1) The Accountable Officer of an Agency responsible for a Government Business Division must prepare a financial statement in respect of the Government Business Division:
within 2 months after the end of the financial year; or
by the end of another period determined by the Treasurer.
(2) A financial statement under subsection (1) must be prepared in such form as the Treasurer directs and, unless the Treasurer directs otherwise, be prepared on commercial accounting principles.
(3) The Accountable Officer must forward the financial statement to the Auditor-General who must audit the statement and report on the statement to the Minister and forward a copy of the report to the Accountable Officer.
(4) The Minister must publicly release and table in the Legislative Assembly the financial statement and the Auditor-General's report within 4 months after the end of the financial year or another period determined by the Treasurer.
(5) If the Legislative Assembly is not sitting when the financial statement and the Auditor-General's report are publicly released, the statement and the report must be tabled in the Legislative Assembly when it next sits.
This Act’s bill:Second reading speech
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