Commonwealth Numbered Acts

PIG INDUSTRY ACT 1986 No. 157, 1986 - SECT 34

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

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

(3) Before submitting financial statements to the Minister under sub-section
(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 the 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 any other Act relating to the functions of the Corporation; and

   (d)  as to such other matters arising out of the statements as the auditor
        considers should be reported to the Minister.

(4) Without limiting the generality of sub-section (1), the Corporation shall
include in each annual report referred to in that sub-section-

   (a)  a statement of the principal goals of the Corporation in the period
        since the last such report was given and of the strategies pursued by
        the Corporation to achieve those goals in that period;

   (b)  an assessment of the extent to which the Corporation has achieved the
        goals referred to in paragraph (a); and

   (c)  particulars of-

        (i)    significant capital works undertaken by the Corporation;

        (ii)   significant property purchases made by the Corporation;

        (iii)  significant overseas travel paid for by the Corporation;

        (iv)   the formation of companies, and the acquisition and disposal of
               interests in companies, by the Corporation; and

        (v)    the formulation of, and revisions to, corporate plans or annual
               operational plans,
during the period to which the report relates.

(5) For the purposes of sub-section (1), if this section does not come into
operation on 1 July in any year, that sub-section shall have effect in
relation to the period commencing on the day on which this section comes into
operation and ending on the 30 June next following that day as if that period
were a period of one year ending on that 30 June.