21Financial statements

21 Financial statements

(1)  The financial statements of the Regulator are to –

(a) be prepared and certified as specified in a direction given under subsection (2) ; and

(b) present fairly –

(i) [Section 21 Subsection (1) amended by No. 13 of 2015, s. 15, Applied:01 Jul 2015] the financial transactions of the Regulator during the financial year to which the report relates in relation to the performance of his or her functions under this and any other Act; and

(ii) the state of affairs of the Regulator at the end of that financial year; and

(c) comply with any other direction given under subsection (2) .

(2)  [Section 21 Subsection (2) amended by No. 13 of 2015, s. 15, Applied:01 Jul 2015] The Treasurer may give written directions to the Regulator in respect of the form, contents, preparation, certification and provision of his or her financial statements.

(3)  [Section 21 Subsection (3) amended by No. 4 of 2017, Sched. 1, Applied:01 Jul 2019] Directions under subsection (2) may adopt, wholly or partly, with or without modification and either specifically or by reference, any of the Treasurer's Instructions made under the Financial Management Act 2016 .