Document ID: chunk:federal_register_of_legislation:C2004A02018:body:0:p43
Version: federal_register_of_legislation:C2004A02018
Segment Type: other
Provision Reference: 
Character Range: 105835–108641

Auditor-General or a person authorized by him may require any person to furnish him with such information in the possession of the person, or to which the person has access, as the Auditor-General or authorized person considers necessary for the purposes of the functions of the Auditor-General under this Division, and the person shall comply with the requirement.
"(7) A person who contravenes sub-section (6) is guilty of an offence punishable, upon conviction, by a fine not exceeding $200.

Annual report and financial statements
"63h. (1) The authority shall, as soon as practicable after 30 June in each year, prepare and submit to the appropriate Minister a report of its operations during the year ended on that date, together with financial statements in respect of that year in such form as the Minister administering this Act approves.

"(2) Before submitting financial statements to the appropriate Minister under sub-section (1), the authority shall submit them to the Auditor-General, who shall report to the appropriate Minister—
      (a) whether, in his opinion, the statements are based on proper accounts and records;
      (b) whether the statements are in agreement with the accounts and records and, in his opinion, show fairly the financial transactions and the state of the affairs of the authority;
      (c) whether, in his opinion, the receipt, expenditure and investment of moneys, and the acquisition and disposal of assets, by the authority during the year have been in accordance with the enactment establishing the authority; and
      (d) as to such other matters arising out of the statements as the Auditor-General considers should be reported to the appropriate Minister.

"(3) The appropriate Minister shall cause copies of the report and financial statements together with a copy of the report of the Auditor-General to be laid before each House of the Parliament within 15 sitting days of that House after their receipt by the appropriate Minister.
"Division 3—Public authorities not required to keep accounts in
accordance with commercial practice

Bank accounts
"63j. (1) The authority may open and maintain an account or accounts with an approved bank or approved banks and shall maintain at all times at least one such account.
"(2) The authority shall pay all moneys received by it into an account referred to in this section.
"(3) In this section, 'approved bank' means the Reserve Bank of Australia or another bank for the time being approved by the Treasurer or a person authorized by the Treasurer to give approvals under this section.

Proper accounts to be kept
"63k. The authority shall cause to be kept proper accounts and records of the transactions and affairs of the authority and shall do all things necessary to ensure that all payments out of its