Document ID: chunk:federal_register_of_legislation:C2017C00269:section:48
Version: federal_register_of_legislation:C2017C00269
Segment Type: section
Provision Reference: s 48
Character Range: 59907–60794

48  Annual consolidated financial statements
 (1) The Finance Minister must:
 (a) prepare annual consolidated financial statements as soon as practicable after the end of each financial year; and
 (b) give the statements to the Auditor‑General as soon as practicable after they are prepared.
 (2) The annual consolidated financial statements must:
 (a) comply with the accounting standards and any other requirements prescribed by the rules; and
 (b) present fairly the consolidated financial position, financial performance and cash flows.
 (3) If the Finance Minister has not given the annual consolidated financial statements to the Auditor‑General within 5 months after the end of the financial year, the Finance Minister must cause to be tabled in each House of the Parliament a statement of the reasons why the statements were not given to the Auditor‑General within that period.