42Reports by Agencies

42 Reports by Agencies

(1)  An accountable authority of an Agency, in respect of each financial year, is to prepare financial statements of the Agency in respect of that financial year.

(2)  The financial statements required to be prepared by subsection (1) are to be prepared and certified in accordance with, and in the manner, and form, if any, specified in, the Treasurer's Instructions, so as to present fairly –

(a) the financial transactions of the Agency during the financial year; and

(b) the components, of the financial position of the Agency at the end of the financial year, that are specified in the Treasurer's Instructions; and

(c) any other components of the financial position of the Agency at the end of the financial year that the accountable authority considers desirable to be included in the statements.

(3)  An accountable authority is to submit to the appropriate Minister the financial statements prepared under subsection (1) , together with the Auditor-General's report on those statements prepared in accordance with section 19 of the Audit Act 2008 , by the date determined by that Minister for the purpose of complying with section 44 .

(4)  If an Agency is required by section 36(1) of the State Service Act 2000 or any other Act to prepare an annual report, the financial statements prepared under subsection (1) and the Auditor-General's report on those statements prepared in accordance with section 19 of the Audit Act 2008 are to be combined so as to form part of that annual report.