Annual report
18 Annual report
(1) The Public Trustee shall forward to the Attorney-General as soon as practicable after 30 June in each year a report on the operations of the Public Trustee during the preceding financial year.
The annual report is to include:
(a) the audited statement of accounts in respect of each common fund for that financial year;
the Auditor-General's report on those accounts; and
(c) the following investor information in respect of each common fund:
(i) the nature and amount or rate of any fee that the Public Trustee charges in respect of investment in the fund;
the class of investments in which the fund may be invested;
(iii) the extent (if any) to which a capital sum invested may be reduced to defray losses from investment of the fund;
(iv) the rights of an investor in the fund to withdraw all or part of the investor's investment in the fund and the period of notice (if any) that the investor is required to give the Public Trustee in respect of a withdrawal;
(v) the terms governing distribution of income and profit or loss of a capital nature attributable to each investment in the fund.
(3) The Attorney-General must table a copy of the annual report in the Legislative Assembly within 6 sitting days after it is received.
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