(1)  Within 60 days after the end of the financial year, the Board is to –

(a) prepare the financial statements of the Authority relating to that financial year; and

(b) provide the Auditor-General with the financial statements of the Authority.

(2)  Financial statements in respect of a financial year are to consist of the following:

(a) a profit and loss account or other operating statement for that financial year;

(b) a balance sheet or other statement of financial position as at the end of that financial year;

(c) a statement of the cash flows for that financial year;

(d) any other financial information required to be included by a direction given under subsection (4) ;

(e) any statements, reports and notes, other than a directors' report or an auditor's report, attached to, or intended to be read with, the profit and loss account, other operating statement, balance sheet or other statement of financial position.

(3)  The financial statements are to –

(a) comply with any direction given under subsection (4) ; and

(b) subject to any direction under subsection (4) , comply with Australian Accounting Standards; and

(c) be signed or certified as specified in any direction under subsection (4) .

(4)  The Treasurer may give any written directions to the Board in respect to the form and contents of the financial statements the Treasurer considers appropriate.