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s 31

Annual report and financial statements

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Part 5Accounts and audit of Corporation

31 Annual report and financial statements

(1)

The Corporation shall not later than 6 months after the end of each financial year, or within such other period of time as the

Treasurer determines, prepare for submission to the Treasurer a report of its operations during the financial year, together with financial statements in respect of the year in such form as the

Treasurer approves.

(2)

Before submitting financial statements referred to in subsection

(1)

to the Treasurer, the Corporation shall submit them to the

Auditor-General who shall, not later than 3 months after receipt of each financial statement or within such further period as the

Administrator allows, report to the Treasurer:

(a)

whether, in the Auditor-General's opinion:

(i)

the statements are based on proper accounts and are in agreement with the accounts and have been properly drawn up so as to present a true and fair view of the transactions for the financial year of the

Corporation and the financial position at the end of that year; and

(ii)

the receipt and expenditure of money and the acquisition and disposal of property by the Corporation during the year have been in accordance with this Act; and

(b)

such other matters and things arising out of the statements as the Auditor-General considers should be reported to the Treasurer.

(3)

The Treasurer shall cause a copy of the report and financial statements referred to in subsection (1) together with a copy of the report of the Auditor-General to be laid before the Legislative

Assembly within 6 sitting days after their receipt by the Treasurer.

Part 6 Miscellaneous

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