Reporting RequirementsReporting Requirements

Reporting Requirements

4(32) At the beginning of each Grant Year, States will provide to the Commonwealth a report of their expected financial contribution under the Agreement both in cash and accrual terms.

4(33) Within six months of the end of each of Grant Years one to five, States will:

(a) provide to the Commonwealth independently audited financial reports of housing operations under this Agreement and agree these will use nationally consistent financial reporting frameworks and accounting practices;

(b) advise the Commonwealth of the total proceeds from the sale of housing, land and other assets acquired under Previous Housing Arrangements and under this Agreement; and

(c) report their actual financial contributions under the agreement both in cash and accrual terms.

4(33A) By 31 March 2009 for Grant Year six, States will:

(a) provide to the Commonwealth financial reports, certified by the responsible Chief Executive Officer, of housing operations under this Agreement and agree these will use nationally consistent financial reporting frameworks and accounting practices;

(b) advise the Commonwealth of the total proceeds from the sale of housing, land and other assets acquired under Previous Housing Arrangements and under this Agreement; and

(c) report their actual financial contributions under the agreement both in cash and accrual terms.

4(34) Within six months of the end of each of Grant Years one to five, each State's responsible Chief Executive Officer will provide certification to the Commonwealth that assets and available funds were used only in accordance with subclauses 4(19), 4(20), 4(21) and 4(22).

4(34A) By 31 March 2009 each State's responsible Chief Executive Officer will provide certification to the Commonwealth that assets and available funds were used only in accordance with subclauses 4(19A) and 4(20) for Grant Year six.

4(35) Within six months of the end of each of Grant Years one to five, States will provide to the Commonwealth a report:

(a) demonstrating progress achieved in their respective Bilateral Agreements, including the performance information, targets, outputs and outcomes measures specified at subclauses 3(1) and 6(1)(c)(v);

(b) containing the core set of nationally consistent indicators endorsed under the National Housing Data Agreement; and

(c) demonstrating progress towards the performance objectives agreed to under subclause 6(1)(c)(vi).

4(35A) By 31 March 2009, the States will provide to the Commonwealth a report demonstrating performance against the performance measures for Grant Year six that are set out in subclause 6(1)(ab)(ii), in a form that is acceptable to the Commonwealth.