Financial Sector Reform (Queensland) Act 1999
sec.33QOFS’s final report and financial statements
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sec.33 QOFS’s final report and financial statements
QOFS’s board must, before QOFS is dissolved, prepare and give to the Minister a written report on QOFS’s operations for its financial year together with financial statements for the year. Before giving the financial statements to the Minister, the board must have them audited by the auditor-general. The Financial Administration and Audit Act 1977 applies to QOFS. For the Act ’s application— the report and financial statements are taken to be QOFS’s annual report and annual financial statements; and the Act applies with all other changes necessary because of subsection (1). For the definition financial year in subsection (6), the Minister may, after consulting with the auditor-general, specify a day as the last day of the financial year In this section— financial year , for QOFS, means the period from the end of the period for which QOFS last prepared an annual report under the Financial Administration and Audit Act 1977 until the day specified by the Minister under subsection (5). (sec.33-ssec.1) QOFS’s board must, before QOFS is dissolved, prepare and give to the Minister a written report on QOFS’s operations for its financial year together with financial statements for the year. (sec.33-ssec.2) Before giving the financial statements to the Minister, the board must have them audited by the auditor-general. (sec.33-ssec.3) The Financial Administration and Audit Act 1977 applies to QOFS. (sec.33-ssec.4) For the Act ’s application— the report and financial statements are taken to be QOFS’s annual report and annual financial statements; and the Act applies with all other changes necessary because of subsection (1). (sec.33-ssec.5) For the definition financial year in subsection (6), the Minister may, after consulting with the auditor-general, specify a day as the last day of the financial year (sec.33-ssec.6) In this section— financial year , for QOFS, means the period from the end of the period for which QOFS last prepared an annual report under the Financial Administration and Audit Act 1977 until the day specified by the Minister under subsection (5).
- (a) the report and financial statements are taken to be QOFS’s annual report and annual financial statements; and
- (b) the Act applies with all other changes necessary because of subsection (1).