12. Section 47 of the Legal Aid Act 1977 is repealed and the following section is substituted:
“47. (1) For the purposes of subsection 87 (2) of the Audit Act 1989 , the Commission is declared to be a public authority to which Divisions 1 and 3 of Part IX of that Act apply.
“(2) Section 94 of the Audit Act 1989 does not apply to the Commission.
“(3) The Commission shall, within 1 month after the day on which this subsection commences, submit to the Minister, for presentation to the Legislative Assembly, an audited financial statement of its operations for the period commencing on 1 July 1988 and ending at the expiration of 30 June 1989.
“(4) The first period of reporting for the Commission under section 97 of the Audit Act 1989 commences on 1 July 1989 and ends at the expiration of 30 June 1990.
“(5) For the purposes of this Part, in section 96 of the Audit Act 1989 —
(a) a reference to moneys includes a reference to trust moneys;
(b) a reference to transactions and affairs includes a reference to transactions and affairs relating to trust moneys or trust property; and
(c) a reference to assets includes a reference to trust property.”.