28NAnnual report

##### 28N Annual report (1) The Board must, as soon as practicable after the end of the financial year of the Board, submit an annual report to the Commonwealth Minister and the State Minister. (2) The Commonwealth Minister must lay the report or cause it to be laid before each House of the Parliament within 21 sitting days of that House after receiving the annual report. (3) The annual report must contain: (a) a report of the Board’s operations during the financial year; and (b) financial statements for that year in such form as the Minister for Finance approves; and (c) statements about such other matters as the Minister for Finance may require; and (d) statements about such other matters as the Commonwealth Minister and the State Minister may require. (4) Before submitting the annual report to the Commonwealth Minister and the State Minister under subsection (1), the Board must submit the financial statements set out in the report to the Auditor‑General, who must report to the Ministers: (a) whether, in the Auditor‑General’s opinion, the statements are based on proper accounts and records; and (b) whether the statements are in agreement with the accounts and records and, in the Auditor‑General’s opinion, show fairly the financial transactions and the state of affairs of the Board; and (c) whether, in the Auditor‑General’s opinion, the receipt, expenditure and investment of money, and the acquisition and the disposal of assets, by the Board during the financial 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 Ministers. (5) The Commonwealth Minister must cause the Auditor‑General’s report to be laid before each House of the Parliament within 21 sitting days of that House after receiving that report.