48Report of operations of Board

48 Report of operations of Board

(1) The Memorial shall, not later than 6 months after the commencement of this Act, prepare and submit to the Minister a report of the operations of the Board during the period that commenced on 1 July 1979 and ended immediately before the commencing date (in this section referred to as the final year), together with financial statements in respect of the final year in such form as the Minister approves. (2) Before submitting financial statements to the Minister under subsection (1), the Memorial shall submit them to the Auditor‑General, who shall report to the Minister: (a) whether, in his or her opinion, the statements are based on proper accounts and records; (b) whether the statements are in agreement with the accounts and records and show fairly the financial operations of the Board and the state of the Fund and the affairs of the Board; (c) whether the receipt and expenditure of moneys by the Board during the year have been in accordance with this Act; and (d) as to such other matters arising out of the statements as the Auditor‑General considers should be reported to the Minister. (3) The Minister shall cause copies of the report and financial statements together with a copy of the report of the Auditor‑General to be laid before each House of the Parliament within 15 sitting days of that House after their receipt by the Minister. (4) The persons who, immediately before the commencing date, were members of the Board shall furnish the Memorial with such information as is necessary to enable the Memorial to prepare the report and financial statements.