25Financial statements

### 25 Financial statements > > (1)  [*\[Section 25 Subsection (1) amended by No. 42 of 2003, Sched. 1, Applied:04 Jul 2003\]*](/view/html/inforce/2003-07-04/act-2003-042#JS1@Ja10@GC1@EN) [*\[Section 25 Subsection (1) substituted by No. 50 of 2008, Sched. 2, Applied:01 Jul 2010\]*](/view/html/inforce/2010-07-01/act-2008-050#JS2@Ja71@GC2@Hpa@EN) 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](/view/html/inforce/2026-04-12/act-2008-049) . > > > (2)  [*\[Section 25 Subsection (2) amended by No. 50 of 2008, Sched. 2, Applied:01 Jul 2010\]*](/view/html/inforce/2010-07-01/act-2008-050#JS2@Ja71@GC2@Hpb@EN) Financial statements in respect of a financial year are to include the following: > > > > > > (a) [*\[Section 25 Subsection (2) amended by No. 50 of 2008, Sched. 2, Applied:01 Jul 2010\]*](/view/html/inforce/2010-07-01/act-2008-050#JS2@Ja71@GC2@Hpc@EN) .  .  .  .  .  .  .  .   > > > > > > > (b) [*\[Section 25 Subsection (2) amended by No. 50 of 2008, Sched. 2, Applied:01 Jul 2010\]*](/view/html/inforce/2010-07-01/act-2008-050#JS2@Ja71@GC2@Hpc@EN) .  .  .  .  .  .  .  .   > > > > > > > (c) [*\[Section 25 Subsection (2) amended by No. 50 of 2008, Sched. 2, Applied:01 Jul 2010\]*](/view/html/inforce/2010-07-01/act-2008-050#JS2@Ja71@GC2@Hpc@EN) .  .  .  .  .  .  .  .   > > > > > > > (d) [*\[Section 25 Subsection (2) amended by No. 50 of 2008, Sched. 2, Applied:01 Jul 2010\]*](/view/html/inforce/2010-07-01/act-2008-050#JS2@Ja71@GC2@Hpd@EN) any financial information required to be included by a direction given under [subsection (4)](#GS25@Gs4@EN) ; > > > > > > > (e) [*\[Section 25 Subsection (2) amended by No. 50 of 2008, Sched. 2, Applied:01 Jul 2010\]*](/view/html/inforce/2010-07-01/act-2008-050#JS2@Ja71@GC2@Hpe@EN) .  .  .  .  .  .  .  .   > > > (3)  The financial statements are to – > > > > > > (a) comply with any direction given under [subsection (4)](#GS25@Gs4@EN) ; and > > > > > > > (b) subject to any direction under [subsection (4)](#GS25@Gs4@EN) , comply with Australian Accounting Standards; and > > > > > > > (c) be signed or certified as specified in any direction under [subsection (4)](#GS25@Gs4@EN) . > > > (4)  The Treasurer may give any written directions to the Board in respect to the form and contents of the financial statements the Treasurer considers appropriate.