17. After section 33 of the Schools Authority Act 1976 the following sections are inserted:
“34. For the purposes of subsection 87 (2) of the Audit Act 1989 , the Authority is declared to be a public authority to which Divisions 1 and 3 of Part IX of that Act apply.
“34A. (1) The Authority shall, within 1 month after the day on which this section 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 10 May 1989.
“(2) The first period of reporting of the Authority under section 97 of the Audit Act 1989 commences on 11 May 1989 and ends at the expiration of 30 June 1990.
“(3) The Authority shall include in reports of its operations, submitted in accordance with section 97 of the Audit Act 1989 or in accordance with this section, details of all approvals and directions given under section 6.”.