New South Wales Consolidated Acts

RURAL LANDS PROTECTION ACT 1998 - SECT 55D

55D Time for preparation and auditing of financial reports

(1) An authority must prepare its financial report for a financial year and (subject to this section) submit the report to its auditor within the period of 3 months after the end of that financial year.

(2) An auditor for an authority must (subject to this section) audit the authority’s financial report for a financial year within the period of 6 weeks after the report has been submitted to the auditor.

(3) An authority may, at any time within the period of 3 months after the end of the financial year, apply to the State Council for an extension of the period referred to in subsection (1).

(4) An auditor may, at any time within the period of 6 weeks after an authority’s financial report has been submitted to the auditor, apply to the State Council for an extension of the period referred to in subsection (2) in relation to that report.

(5) An application under subsection (3) or (4) must include detailed reasons and other relevant information in support of the application.

(6) Before deciding whether or not to grant an extension, the State Council may require the authority or auditor to give reasons, additional to those set out in the application, as to why the extension should be granted.

(7) The State Council may grant an extension of such period as, in the opinion of the State Council, is necessary in the particular circumstances of the case.

(8) An authority must notify its auditor of any application for an extension made under this section and of the outcome of the application.

(9) An auditor must notify the relevant authority of any application for an extension made under this section and of the outcome of the application.

(10) The State Council must notify both the authority and auditor concerned of any extension granted under this section.

(11) If the State Council extends a period referred to in subsection (1) or (2), the authority or auditor must comply with the subsection within the extended period.