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WHEAT MARKETING ACT 1984 NO. 141 OF 1984 - SECT 63
Annual report
63. (1) The Board shall, as soon as practicable after 30 September 1985 and
each subsequent 30 September, 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) Before submitting financial statements to the Minister under sub-section
(1), the Board shall submit them to the Auditor-General, who shall report to
the Minister-
(a) whether, in the opinion of the Auditor-General, the statements are
based on proper accounts and records;
(b) whether the statements are in agreement with the accounts and records
and, in the opinion of the Auditor-General, show fairly the financial
transactions and the state of the affairs of the Board;
(c) whether, in the opinion of the Auditor-General, the receipt,
expenditure and investment of moneys, and the acquisition and disposal
of assets, by the Board 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.
(3) The Board shall include in each report under sub-section (1) all
directions given to the Board under section 11 by the Minister during the year
to which the report relates.
(4) Financial statements referred to in sub-section (1) in relation to a year
shall include details of each reserve account established under section 7 that
was current in that year.
(5) The Minister shall cause copies of the report and financial statements
together with 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.
(6) For the purposes of sub-section (1) in relation to the year ending on 30
September 1985, the operations of the Board during that year shall be deemed
to include the operations of the Board during that year under the Wheat
Marketing Act 1979 .
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