Northern Territory Consolidated Acts

BATCHELOR INSTITUTE OF INDIGENOUS TERTIARY EDUCATION ACT - SECT 46

(1) The Director must, at the end of each financial year, prepare a financial statement in respect of the financial year.

(2) The financial statement is to be -

(a) in respect of the operations of the Institute or the particular functions and activities of the Institute that the Treasurer specifies in writing to the Institute;

(b) prepared in a form approved by the Treasurer; and

(c) prepared -

(i) within 3 months after the end of the financial year; or

(ii) within any longer period approved by the Treasurer.

(3) The Director must forward a copy of the financial statement to the Minister and the Auditor-General.

(4) The Auditor-General must audit the financial statement and report on the statement to the Minister -

(a) within 3 months after receiving the statement; or

(b) within any longer period determined by the Administrator.

(5) The Auditor-General must forward a copy of his or her report to the Director.