48BPreparation of annual financial statements by the Minister for Finance

48B Preparation of annual financial statements by the Minister for Finance

(1) As soon as practicable after the end of each financial year, the Minister for Finance must prepare annual financial statements in relation to: (a) the Administration; and (b) each Territory authority. (2) The statements must be prepared in accordance with: (a) the regulations; and (b) the Commonwealth Finance Minister’s Orders. (3) The Minister for Finance must give the statements to the Auditor‑General as soon as practicable after they are prepared. (4) If the Minister for Finance has not given the statements to the Auditor‑General within 5 months after the end of the financial year, the Minister for Finance must cause to be tabled in the Legislative Assembly a statement of the reasons why the statements were not given to the Auditor‑General within that period.