(1) Subject to
subsection (2), the annual report for a financial year is to be accepted* by
the local government no later than 31 December after that financial year.
* Absolute majority required.
(2) If the
auditor’s report is not available in time for the annual report for a
financial year to be accepted by 31 December after that financial year, the
annual report is to be accepted by the local government no later than 2 months
after the auditor’s report becomes available.
[Section 5.54 amended: No. 49 of 2004 s. 49.]