(a) cause
financial statements (
"annual GSF financial statements" ) to be prepared for the annual reporting
period for the agency, and
(b) give those statements after they are prepared
to the Auditor-General for auditing.
Note : See also section 7.9 on special
purpose financial reports.
(2) Annual GSF financial statements must be
prepared and given to the Auditor-General within the period specified by the
Treasurer's directions following the end of the annual reporting period
concerned to enable the Auditor-General to audit them.
(a) prepared in accordance with the
Australian Accounting Standards and any other requirements specified by this
Act, the regulations or the Treasurer's directions, and
(b) present fairly
the agency's financial position, financial performance and cash flows.
(a)
for a reporting GSF agency that is required under Division 7.3 to prepare
annual reporting information for the period concerned--included in the annual
reporting information tabled in Parliament for that period, or
(i) tabled by the responsible Minister for the
agency in each House of Parliament as soon as practicable (but no later than
within 5 months or any other period prescribed by the regulations) after the
audit report is provided by the Auditor-General, and
(ii) made publicly
available by the accountable authority for the agency after it is tabled in
the form or forms required by the regulations or the Treasurer's directions.
(6) The Treasurer must consult the Auditor-General in accordance with
section 3.5 about any proposed provisions in the regulations or Treasurer's
directions for the purposes of this section.
Note : Nothing in this section
prevents GSF agencies from providing draft annual GSF financial statements to
the Auditor-General before providing the final statements.