sec.45Final financial statements for abolished statutory bodies— Act , s 62

sec.45 Final financial statements for abolished statutory bodies— Act , s 62

This section prescribes, for section 62 (1) of the Act , requirements for preparing final financial statements for an abolished statutory body. The administering department for an abolished statutory body must prepare the abolished statutory body’s final financial statements in accordance with the minimum reporting requirements stated in the financial reporting requirements document. The former chairperson of, and the former responsible person for, an abolished statutory body must certify on the final financial statements whether, in their opinion— the prescribed requirements for establishing and maintaining the abolished statutory body’s resource management systems have been complied with in all material respects; and the statements present a true and fair view, in accordance with the prescribed accounting standards, of— the abolished statutory body’s transactions for the final period; and the abolished statutory body’s financial position at the end of the final period. The former appropriate Minister for the abolished statutory body must give the statements to the auditor-general by a day agreed between the former appropriate Minister and the auditor-general. In this section— former chairperson , of an abolished statutory body, means— if the person who was the chairperson of the statutory body immediately before it was abolished is available to act—that person; or otherwise—the person approved by the Treasurer or a nominated officer for this provision. (sec.45-ssec.1) This section prescribes, for section 62 (1) of the Act , requirements for preparing final financial statements for an abolished statutory body. (sec.45-ssec.2) The administering department for an abolished statutory body must prepare the abolished statutory body’s final financial statements in accordance with the minimum reporting requirements stated in the financial reporting requirements document. (sec.45-ssec.3) The former chairperson of, and the former responsible person for, an abolished statutory body must certify on the final financial statements whether, in their opinion— the prescribed requirements for establishing and maintaining the abolished statutory body’s resource management systems have been complied with in all material respects; and the statements present a true and fair view, in accordance with the prescribed accounting standards, of— the abolished statutory body’s transactions for the final period; and the abolished statutory body’s financial position at the end of the final period. (sec.45-ssec.4) The former appropriate Minister for the abolished statutory body must give the statements to the auditor-general by a day agreed between the former appropriate Minister and the auditor-general. (sec.45-ssec.5) In this section— former chairperson , of an abolished statutory body, means— if the person who was the chairperson of the statutory body immediately before it was abolished is available to act—that person; or otherwise—the person approved by the Treasurer or a nominated officer for this provision.