Commonwealth Numbered Acts

AUSTRALIAN HORTICULTURAL CORPORATION ACT 1987 No. 164 of 1987 - SECT 30

30. (1) The Corporation shall, as soon as practicable after the end of each
financial year, prepare and give to the Minister a report of its operations
during that year, together with financial statements for that year in such
form as the Minister for Finance approves, in writing.

(2) Without limiting the generality of subsection (1), the Corporation shall
include in the report:

   (a)  an assessment of the extent to which its operations during the year
        have:

        (i)    achieved the objectives stated in the corporate plan; and

        (ii)   implemented the annual operational plan applicable to the year;
               and

   (b)  particulars of:

        (i)    export trading activities undertaken by the Corporation during
               the year;

        (ii)   significant capital works programs (if any) undertaken by the
               Corporation during the year;

        (iii)  significant acquisitions and dispositions of real property by
               the Corporation during the year;

        (iv)   companies formed by the Corporation, and companies in whose
               formation the Corporation participated, during the year;

        (v)    shares and securities subscribed for, purchased and disposed of
               by the Corporation during the year;

        (vi)   partnerships entered into by the Corporation during the year;

        (vii)  joint ventures, and arrangements for the sharing of profits,
               entered into by the Corporation during the year;

        (viii) currency futures contracts, interest rate futures contracts and
               horticultural products futures contracts entered into by the
               Corporation during the year; and

        (ix)   variations to the corporate plan, and to the applicable annual
               operational plan, agreed to by the Minister during the year.

(3) Before submitting financial statements to the Minister under subsection
(1), the Corporation shall submit them to the Corporation auditor, who shall
report to the Minister:

   (a)  whether, in the auditor'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's opinion, show fairly the financial transactions
        and state of the affairs of the Corporation;

   (c)  whether, in the auditor's opinion, the receipt, expenditure and
        investment of money, and the acquisition and disposal of assets, by
        the Corporation 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
        considers should be reported to the Minister.

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

(5) If this Part does not commence at the beginning of a financial year, this
section has effect in relation to the period commencing on the commencement of
this Part and ending on the next 30 June as if:

   (a)  in a case where the period is less than 6 months-the period were
        included in the next financial year; or

   (b)  in any other case-the period were a financial year.