Document ID: chunk:federal_register_of_legislation:F2023C00945:reg:113
Version: federal_register_of_legislation:F2023C00945
Segment Type: reg
Provision Reference: reg 113
Character Range: 81439–83099

113  Annual financial statements
 (1) An approved provider (other than a listed course provider) must give the Secretary general purpose financial statements for each financial year of the provider (within the meaning of section 323D of the Corporations Act 2001), within 4 months after the end of the financial year.
 (2) The financial statements must be:
 (a) prepared by a qualified accountant (within the meaning of the Corporations Act 2001) in accordance with applicable accounting standards; and
 (b) audited by a qualified auditor who is independent of the provider.
 (3) The financial statements must be accompanied by the following:
 (a) a report by the auditor;
 (b) a copy of the auditor's independence declaration required under section 307C of the Corporations Act 2001;
 (c) a declaration by a qualified accountant or auditor that the provider has, as at the date of the declaration, complied with all statutory obligations relating to the payment of the following:
 (i) company tax;
 (ii) goods and services tax;
 (iii) withholding tax, including withholding tax for employees;
 (iv) payroll tax;
 (v) superannuation guarantee for employees.
 (4) If the provider is part of a consolidated entity, the financial statements must be accompanied by:
 (a) a copy of the most recent consolidated financial statements for the entity prepared in accordance with applicable accounting standards; and
 (b) such additional information related to the consolidated entity as determined by the Secretary.
 (5) The financial statements and accompanying documents and information must be given to the Secretary in a manner and form approved by the Secretary.