240Financial reporting obligations

240 Financial reporting obligations (1) AEMO must comply with any accountability and reporting obligations under Part 7 of the **Financial Management Act 1994** in relation to VENCorp's transferred assets and liabilities for the financial year ending 30 June 2009 as if— (a) a reference in Part 7 of that Act to a public body were a reference to AEMO; and (b) a reference in Part 7 of that Act to an accountable officer were a reference to the chief executive officer of AEMO. (2) AEMO, in the report required under Part 7 of the **Financial Management Act 1994** because of subsection (1), must include— (a) a copy of each direction given to VENCorp during the financial year ending 30 June 2009 under section 163 or 171 (as in force immediately before their repeal by section 30 of the **Energy Legislation Amendment (Australian Energy Market Operator) Act** **2009**), together with a statement of VENCorp's response to each direction; and (b) a copy of the statement of corporate intent last completed by VENCorp before the commencement of section 30 of the **Energy Legislation Amendment (Australian Energy Market Operator) Act 2009**. ***VENCorp's transferred assets and liabilities*** means the assets and liabilities transferred to AEMO under this Part. S. 241 inserted by No. 23/2009 s. 34.