17Accounts

17 Accounts

17 Accounts

(1) The Trust shall cause to be kept proper accounts and records in relation to all of its operations.

(2) The Trust shall, as soon as practicable, but within 6 months, after the end of each financial year of the Trust, prepare and submit to the Minister for presentation to Parliament a statement of accounts, together with the Auditor-General’s certificate given under this section in relation to the statement.

(3) The statement of accounts shall be in a form approved by the Auditor-General (having regard to current accounting standards and practices relating to such organisations as the Trust), shall include such information as the Auditor-General has requested and shall exhibit a true and fair view of the financial position and transactions of the Trust.

(4) The Trust shall, as soon as practicable, but within 4 months, after the end of the financial year to which a statement of accounts relates, transmit the statement to the Auditor-General for verification and certification.

(5) (Repealed)

(6) Nothing in this section prevents the alteration of the statement of accounts, with the approval of the Auditor-General, after its receipt by the Auditor-General and before its submission to the Minister.

(7) (Repealed)

s 17: Am 1990 No 46, Sch 2.