Public Governance, Performance and Accountability Act 2013
48Annual consolidated financial statements
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48 Annual consolidated financial statements
(1) The Finance Minister must: (a) prepare annual consolidated financial statements as soon as practicable after the end of each financial year; and (b) give the statements to the Auditor‑General as soon as practicable after they are prepared. (2) The annual consolidated financial statements must: (a) comply with the accounting standards and any other requirements prescribed by the rules; and (b) present fairly the consolidated financial position, financial performance and cash flows. (3) If the Finance Minister has not given the annual consolidated financial statements to the Auditor‑General within 5 months after the end of the financial year, the Finance Minister must cause to be tabled in each House of the Parliament a statement of the reasons why the statements were not given to the Auditor‑General within that period.