FINANCIAL MANAGEMENT ACT 2006 - SECT 61

FINANCIAL MANAGEMENT ACT 2006 - SECT 61

61 .         Annual reports, contents of etc.

        (1)         After the end of each financial year the accountable authority of an agency is to prepare an annual report that contains —

            (a)         financial statements for the financial year; and

            (b)         unless otherwise directed in writing by the Treasurer, key performance indicators; and

            (c)         a report on the operations of the agency during the financial year; and

            (d)         any information prescribed by the Treasurer’s instructions; and

            (e)         if applicable, the reports referred to in subsections (2) and (3); and

            (f)         any other information required by a written direction given by the Minister.

        (2)         The accountable authority of an agency is to include in the annual report for a financial year covered by a resource agreement a report on the extent to which the agency achieved any targets described in the resource agreement.

        (3)         An agency that —

            (a)         is a department or statutory authority; and

            (b)         has an affiliated body or a related body,

                is to include in the annual report for a financial year a report on the affiliated body or related body that contains in respect of the financial year the information prescribed by the Treasurer’s instructions.

        (4)         Unless an Act provides otherwise, the financial year of an agency ends on 30 June.

        (5)         An agency that has a subsidiary body is to exercise its control over that subsidiary body so as to ensure that the accountable authority of the agency is provided with all the information relating to the subsidiary body that the accountable authority needs to comply with this section, section 62 and the Treasurer’s instructions.

        [Section 61 amended: No. 12 of 2021 s. 15.]