Commonwealth Numbered Acts

AUSTRALIAN WOOL REALISATION COMMISSION ACT 1991 No. 107 of 1991 - SECT 69

69. (1) The Commission 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 financial year, together with financial statements for that year
in such form as the Minister for Finance approves.

(2) Without limiting the generality of the matters to be included in an
annual report in respect of a financial year, an annual report must include
such particulars (if any) as are prescribed.

(3) Before submitting financial statements to the Minister under subsection
(1), the Commission must submit them to the Auditor-General, who must report
to the Minister:

   (a)  whether, in the auditor's opinion, the statements are based on proper
        accounts and records; and

   (b)  whether the statements are in agreement with the accounts and records
        and, in the auditor's opinion, show fairly the financial transactions
        and the state of the affairs of the Commission; and

   (c)  whether, in the auditor's opinion, the receipt, expenditure and
        investment of moneys, and the acquisition and disposal of assets, by
        the Commission 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 must cause the annual report and the 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.