Financial Sector Reform (Queensland) Act 1999
sec.41Financial statements for Credit Unions Contingency Fund and Building Societies Fund
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sec.41 Financial statements for Credit Unions Contingency Fund and Building Societies Fund
As soon as practicable after the transfer date, QOFS must prepare financial statements for the Building Societies Fund and the Credit Unions Contingency Fund. The financial statements must cover the period from the end of the period for which financial statements audited by the auditor-general were last prepared by QOFS for the fund until the day the fund is abolished. The financial statements must be audited by the auditor-general. For the audit, the Financial Administration and Audit Act 1977 applies as though the financial statements formed part of the financial statements of QOFS. (sec.41-ssec.1) As soon as practicable after the transfer date, QOFS must prepare financial statements for the Building Societies Fund and the Credit Unions Contingency Fund. (sec.41-ssec.2) The financial statements must cover the period from the end of the period for which financial statements audited by the auditor-general were last prepared by QOFS for the fund until the day the fund is abolished. (sec.41-ssec.3) The financial statements must be audited by the auditor-general. (sec.41-ssec.4) For the audit, the Financial Administration and Audit Act 1977 applies as though the financial statements formed part of the financial statements of QOFS.