Document ID: chunk:federal_register_of_legislation:C2004A02018:body:0:p36
Version: federal_register_of_legislation:C2004A02018
Segment Type: other
Provision Reference: 
Character Range: 87980–90649

"(7) In this section, a reference to a restricted report of the results of an efficiency audit of operations of the Auditor-General's Office shall be read as a reference to a report of the results of such an audit that includes any information, or any of the contents of a document, to which a certificate issued to the independent auditor under sub-section (3) applies.
"(8) Where an independent auditor is of the opinion that a matter arising out of the carrying out by him of an efficiency audit of operations of the Auditor-General's Office is of sufficient importance as to justify his doing so, he shall draw the attention of the Prime Minister, the Minister and the Public Service Board to the matter.".
41. Section 49 of the Principal Act is repealed and the following section substituted:

Minister's monthly Statement of Financial Transactions
"49. (1) The Minister shall, as soon as practicable after the expiration of each month of each financial year, publish a Statement of Financial Transactions, in accordance with, or substantially in accordance with, Form 4 in the Schedule, or that form as varied under sub-section (2), containing financial information with respect to—
      (a) outlays and receipts of the Commonwealth for that month, and during that year up to the end of that month; and
      (b) financing transactions showing, among other things, the manner in which—
          (i) the surplus for that month was applied or the deficit for that month was financed; and
          (ii) the surplus for that year up to the end of that month was applied or the deficit for the year up to the end of that month was financed.

"(2) Particulars in Form 4 in the Schedule may be varied with the prior approval of both Houses of the Parliament.".

42. Section 50 of the Principal Act is repealed and the following section substituted:

Annual financial statements
"50. (1) As soon as practicable after the end of a financial year, the Minister shall prepare a statement of the receipts and expenditure of the Consolidated Revenue Fund, the Loan Fund and the Trust Fund during that year in respect of each Department.
"(2) The statement in respect of a financial year prepared, in pursuance of sub-section (1), in respect of a Department shall set out, for each purpose or service specified in a Division or Subdivision of an Appropriation Act for the year that applies to the Department, the total of the amounts expended during that year on behalf of the Department for that purpose or service.
(3) As soon as practicable after the end of a financial year, the Permanent Head of a Department shall furnish to the Secretary to the Department of Finance