Commonwealth Numbered Acts

MARITIME COLLEGE ACT 1978 No. 54, 1978 - SECT 39

39. (1) The Council shall, as soon as practicable after 31 December 1979, and
after each succeeding 31 December, prepare and furnish to the Minister a
report of the operations of the College during the year ending on that date,
together with financial statements in respect of that year in such form as the
Minister for Finance approves.
(2) In sub-section (1), ''year'', in relation to 31 December 1979, means the
period commencing on the date of commencement of this Act and ending on 31
December 1979.

(3) Before furnishing financial statements to the Minister, the Council shall
submit them to the Auditor-General, who shall report to the Minister-

   (a)  whether the statements are based on proper accounts and records;

   (b)  whether the statements are in agreement with the accounts and records;

   (c)  whether the receipt, expenditure and investment of moneys, and the
        acquisition and disposal of assets, by the College 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-General considers should be reported to the Minister.

(4) The Minister shall cause copies of the report and financial statements
furnished by the Council, together with a copy of 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.