152EFinancial statements

152E Financial statements

152E Financial statements

(1) The New South Wales Aboriginal Land Council must—

(a) prepare financial statements for the financial year, and

(b) give the prepared statements to the Auditor-General for auditing.

(2) The prepared statements must be given to the Auditor-General within the following period after the end of the financial year—

(a) 2 months,

(b) if the regulations prescribe a different period—the prescribed period.

(3) The financial statements must—

(a) be prepared in accordance with the Australian Accounting Standards and other requirements specified by this Act or the regulations, and

(b) present fairly the Council’s financial position, financial performance and cash flows.

(4) The financial statements must include a statement by the New South Wales Aboriginal Land Council as to whether the statements comply with subsection (3).

s 152E: Ins 2022 No 68, Sch 4.1[21].