sch.3-sec.8Annual report

sch.3-sec.8 Annual report

The National Agency must, within 3 months after the end of each financial year, submit an annual report for the financial year to the Ministerial Council. The annual report must include— a financial statement for the National Agency, and each National Board, for the period to which the report relates; and a report about the Agency’s performance of its functions under this Law during the period to which the annual report relates. The financial statement is to be prepared in accordance with Australian Accounting Standards. The financial statement is to be audited by a public sector auditor and a report is to be provided by the auditor. The Ministerial Council is to make arrangements for the tabling of the annual report of the National Agency, and the report of the public sector auditor with respect to the financial statement in the report, in the Parliament of each participating jurisdiction and the Commonwealth. The Ministerial Council may extend, or further extend, the period for submission of an annual report to the Council by a total period of up to 3 months. In this clause— public sector auditor means— the Auditor-General (however described) of a participating jurisdiction; or an auditor employed, appointed or otherwise engaged by an Auditor-General of a participating jurisdiction. (sch.3-sec.8-ssec.1) The National Agency must, within 3 months after the end of each financial year, submit an annual report for the financial year to the Ministerial Council. (sch.3-sec.8-ssec.2) The annual report must include— a financial statement for the National Agency, and each National Board, for the period to which the report relates; and a report about the Agency’s performance of its functions under this Law during the period to which the annual report relates. (sch.3-sec.8-ssec.3) The financial statement is to be prepared in accordance with Australian Accounting Standards. (sch.3-sec.8-ssec.4) The financial statement is to be audited by a public sector auditor and a report is to be provided by the auditor. (sch.3-sec.8-ssec.5) The Ministerial Council is to make arrangements for the tabling of the annual report of the National Agency, and the report of the public sector auditor with respect to the financial statement in the report, in the Parliament of each participating jurisdiction and the Commonwealth. (sch.3-sec.8-ssec.6) The Ministerial Council may extend, or further extend, the period for submission of an annual report to the Council by a total period of up to 3 months. (sch.3-sec.8-ssec.7) In this clause— public sector auditor means— the Auditor-General (however described) of a participating jurisdiction; or an auditor employed, appointed or otherwise engaged by an Auditor-General of a participating jurisdiction.

• (a) a financial statement for the National Agency, and each National Board, for the period to which the report relates; and