Australian Capital Territory Current Acts Australian Capital Territory Current Acts(1) An annual financial statement of the Territory must have a statement of responsibility attached to it.
(2) The statement of responsibility must include—
(a) a statement—
(i) signed by the Treasurer; and
(ii) that, in the Treasurer's opinion, the financial statements fairly reflect—
(A) the financial operations of the Territory during the year to which they relate; and
(B) the financial position of the Territory at the end of the year; and
(b) a statement—
(i) signed by the under treasurer; and
(ii) stating that the under treasurer is satisfied the financial statements have been prepared in accordance with accounting standards.
(3) The statement of responsibility may be signed at any time before the auditor-general gives the Treasurer an audit opinion for the financial statement in accordance with section 24.