FINANCIAL MANAGEMENT ACT 2006 - SECT 62

FINANCIAL MANAGEMENT ACT 2006 - SECT 62

62 .         Financial statements for s. 61(1)(a), standards for etc.

        (1)         Unless the Treasurer approves otherwise, the financial statements referred to in section 61(1)(a) are to be prepared in accordance with the accounting standards and other requirements issued by the Australian Accounting Standards Board.

        (2)         Without limiting subsection (1), the financial statements referred to in section 61(1)(a) —

            (a)         are to include —

                  (i)         any financial statements and information prescribed by the Treasurer’s instructions; and

                  (ii)         any other financial information required by a written direction given by the Minister;

                and

            (b)         are to be certified in the manner prescribed by the Treasurer’s instructions.

        (3)         In subsection (1) —

        Australian Accounting Standards Board means the body of that name continued in existence under the Commonwealth Australian Securities and Investments Commission Act 2001 .