New South Wales Consolidated Acts

ANNUAL REPORTS (STATUTORY BODIES) ACT 1984 - SECT 7

7 Annual reports

(1) The annual report of a statutory body shall comprise:

(a) in the case of a statutory body to which paragraph (a) of the definition of "statutory body" in section 3 (1) applies:

(i) the statutory body’s financial report prepared in accordance with Division 3 of Part 3 of the Public Finance and Audit Act 1983 and the regulations under that Act,

(ia) the financial report so prepared of each entity referred to in section 39 (1A) of the Public Finance and Audit Act 1983 which is controlled by the statutory body,

(ii) the opinion of the auditor given in accordance with Division 3 of Part 3 of that Act as to any financial report referred to in subparagraph (i) or (ia),

(iia) a response from the statutory body to any issue which the Auditor-General or an authorised person raises in a report under section 43 (2) of the Public Finance and Audit Act 1983 as being a significant issue,

(iii) except as provided by subsection (2), a detailed budget for the financial year to which the annual report relates and an outline budget for the next following financial year,

(iv) a report of the operations of the statutory body prepared in accordance with this Act and the regulations, and

(v) such other matters as may be prescribed, or

(b) in the case of a statutory body to which paragraph (b) of the definition of "statutory body" in section 3 (1) applies-such financial reports, opinions, budgets, reports and other matters as may be prescribed.

(2) A statutory body may, with the approval of the Treasurer, dispense with the inclusion in the annual report of the statutory body of the detailed budget, or the outline budget, referred to in subsection (1) (a) (iii), or both.