34Financial reporting by scheme financial vehicle—the Act, s 53(3)

34 Financial reporting by scheme financial vehicle—the Act, s 53(3)

34 Financial reporting by scheme financial vehicle—the Act, s 53(3)

(1) The scheme financial vehicle must, as soon as practicable after the end of each financial year, prepare a financial report about the Fund.

(2) The financial report must—

(a) be prepared in accordance with the Australian Accounting Standards, and

(b) include information on the net exposure of the scheme financial vehicle to the wholesale electricity market under—

(i) LTES agreements, and

(ii) risk management contracts that are derivative arrangements.

(3) The scheme financial vehicle must prepare monthly records of payments into and from the Fund.

(4) In this clause—

Australian Accounting Standards means the standards issued by the Australian Accounting Standards Board, as in force from time to time.

cl 34 (previously cl 16H): Renumbered 2022 (366), Sch 1[11].