Accounts and audit
21 Accounts and audit
A
HAC must cause proper accounts to be kept of its financial affairs and financial statements to be prepared in respect of each financial year (unless the HAC did not deal with any money or property or otherwise undertake any financial activity in the financial year).
The accounts and financial statements required under subsection (1) must comply with any requirements issued by the Minister.
The accounts and financial statements of a HAC incorporated under this
Act, other than a prescribed HAC, must be audited at least once in every year by an auditor approved by the Auditor‑General.
The accounts and financial statements of a prescribed HAC incorporated under this Act must be audited at least once in every year by the
Auditor‑General.
This Act’s bill:Second reading speech
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