Commonwealth Numbered Acts

AUSTRALIAN HORTICULTURAL CORPORATION (TRANSITIONAL PROVISIONS AND CONSEQUENTIAL AMENDMENTS) ACT 1987 No. 165 of 1987 - SECT 9

9. (1) The new Corporation shall, as soon as practicable after the commencing
day, prepare and furnish to the Minister a report of the operations of the
abolished Corporation during the period that commenced at the end of the last
period in relation to which a report of the operations of the abolished
Corporation was furnished to the Minister under section 37 of the Apple and
Pear Corporation Act and ended immediately before the commencing day, together
with financial statements in respect of that period in such form as the
Minister for Finance approves.

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

   (a)  particulars of any directions given to the abolished Corporation by
        the Minister with respect to the performance of that Corporation's
        functions or the exercise of its powers; and

   (b)  a statement of the principal objectives of the abolished Corporation
        in the period to which the report relates and of the strategies
        pursued by the abolished Corporation to achieve those objectives in
        that period.

(3) Before submitting the financial statements to the Minister under
subsection (1), the new 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 abolished 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 abolished Corporation during the period to which the report
        relates were in accordance with the Apple and Pear Corporation Act;
        and

   (d)  as to such other matters arising out of the statements as the
        Auditor-General 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 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.