49Financial statements

49 Financial statements

(1)  The Board is to prepare and forward to the Auditor-General a copy of its financial statements for each financial year in accordance with the Audit Act 2008 .

(2)  Financial statements in respect of a financial year are to consist of the following:

(a) an operating statement for that financial year;

(b) a statement of financial position as at the end of that financial year;

(c) a statement of the cash flows for that financial year;

(d) any other financial information required to be included by a direction given under subsection (4) ;

(e) any statements, reports and notes, other than a directors' report or an auditor's report, attached to, or intended to be read with, the operating statement and the statement of financial position.

(3)  The financial statements are to –

(a) comply with any direction given under subsection (4) ; and

(b) subject to that direction, comply with the Australian Accounting Standards.

(4)  The Treasurer may give any written directions to the Board in respect of the form of the financial statements.