Commonwealth Numbered Acts

PRIMARY INDUSTRIES AND ENERGY LEGISLATION AMENDMENT ACT 1986 No. 111, 1988 - SECT 12

12. (1) The Corporation shall, as soon as practicable after the commencement
of this section, prepare and submit to the Minister financial statements, in
such form as the Minister for Finance approves, in relation to its operations
during the period that commenced on 1 January 1989 and ended when it complied
with sections 10, 11 and 13.

(2) Before submitting the financial statements to the Minister, the
Corporation 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 state of affairs of the Corporation;

   (c)  whether, in the Auditor-General's opinion, the receipt, expenditure
        and investment of money, and the acquisition and disposal of assets,
        by the Corporation during the period have been in accordance with the
        continued provisions of the repealed Marketing Act and this Part; and

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

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