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ABORIGINAL AND TORRES STRAIT ISLANDER COMMISSION ACT 1989 No. 150 of 1989 - SECT 72

Annual report and financial statements
72. (1) Subject to this section, the Commission shall, as soon as practicable
after 30 June in each year, prepare and submit to the Minister a report of its
operations during the year ended on that date, together with financial
statements in respect of that year in such form as the Minister for Finance
approves.

(2) The Commission shall include in each report prepared under subsection (1)
particulars of:

   (a)  any directions given by the Minister under section 12;

   (b)  any consultants engaged under section 56; and

   (c)  any statements laid before the Houses of the Parliament under section 
        65 or 68; during the period to which the report relates.

(3) The Commission shall include in each report prepared under subsection (1)
a report by the Director of Evaluation and Audit of the operations of the
Office of Evaluation and Audit during the period to which the report relates.

(4) The Commission shall include in each report prepared under subsection (1)
the model rules for Regional Council meetings formulated under subsection  128
(12).

(5) Subject to any direction by the Minister for Finance, the financial
statements shall deal with the Housing Fund and the Land Fund separately from
each other and from the other finances of the Commission.

(6) The Commission shall not, in any report prepared under subsection (1),
disclose any matters known to the Commission to be held sacred by Aboriginal
persons or Torres Strait Islanders or by a particular community or group of
Aboriginal persons or Torres Strait Islanders.

(7) Where a report prepared under subsection (1) gives particulars of a
consultant engaged under section 56, the report shall set out any significant
differences between the terms and conditions on which that consultant was
engaged and the standard terms and conditions for the engagement of
consultants by the Commission as set out in the corporate plan.

(8) Before submitting financial statements to the Minister under subsection
(1), the Commission shall submit them to the Auditor-General, who shall report
to the Minister:

   (a)  whether, in the Auditor-General's opinion, the statements are based on
        proper accounts and records;

   (b)  whether the statements are in agreement with the accounts and records
        and, in the Auditor-General's opinion, show fairly the financial
        transactions and the state of the affairs of the Commission;

   (c)  whether, in the Auditor-General's opinion, the receipt, expenditure
        and investment of moneys, and the acquisition and disposal of assets,
        by the Commission during the year have been in accordance with this
        Act; and

   (d)  as to such other matters arising out of the statements as the
        Auditor-General considers should be reported to the Minister.

(9) The Minister shall cause copies of the report and financial statements
together with a copy of the report of the Auditor-General to be laid before
each House of the Parliament within 15 sitting days of that House after their
receipt by the Minister. 


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