Victorian Consolidated Legislation

Financial Management Act 1994 - SECT 45

Report of operations and financial statements to be prepared

45. Report of operations and financial statements to be prepared



(1) As soon as practicable after the end of each financial year-

   (a)  the relevant Minister of a department must cause to be prepared, in
        accordance with this Part, a report of the operations of the
        department during the financial year;

   (b)  a public body must cause to be prepared, in accordance with this Part,
        a report of its operations during the financial year;

   (c)  the accountable officer of each department and public body must cause
        to be prepared, in accordance with this Part, financial statements of
        the department or public body for the financial year.

(2) The accountable officer of each department and public body must submit the
financial statements of the department or public body to the Auditor-General
within 8 weeks after the end of the financial year.

(3) Subsection (2) does not apply to a public body that is not required under
the Audit Act 1994 or any other Act to have its financial statements or
accounts audited by the Auditor-General.



(3A) A public body or the relevant Minister of a department must submit the
report of operations of the public body or department (as the case may be) to
the Auditor-General as soon as practicable after it has been prepared.





(4) The financial statements of an Administrative Office within the meaning of
the Public Administration Act 2004 (other than the Environment Protection
Authority) must be incorporated in and consolidated with the financial
statements for that financial year of the department.

(5) This section does not apply to the Victorian Auditor-General's Office2.