83AModel financial statements

83A Model financial statements

(1)  The Auditor-General is to provide to the Director model financial statements to be used by the councils.

(2)  From time to time, the Auditor-General may provide to the Director replacement model financial statements to be used by the councils that are to be substituted for the existing model financial statements.

(3)  On receipt of the model financial statements or replacement model financial statements, the Director –

(a) is to publish on the relevant website of the Department the model financial statements or replacement model financial statements for use by councils; and

(b) is to provide a copy of the model financial statements or replacement model financial statements to each council no later than the next occurring 30 June in preparation for use by the council in relation to its financial statements for the financial year ending on that 30 June.