Document ID: chunk:federal_register_of_legislation:C2014A00103:clause:1_31:p1
Version: federal_register_of_legislation:C2014A00103
Segment Type: clause
Provision Reference: sch 1 cl 31 (pt 1/2)
Character Range: 12177–14926

31  Final annual report based on new law

Secretary to prepare report
(1) The Secretary must prepare a report for HWA in accordance with section 46 of the Public Governance, Performance and Accountability Act 2013 for the final reporting period.
(2) The final reporting period is the period that:
 (a) begins:
 (i) if the commencement time occurs in the financial year beginning on 1 July 2014 and no report under section 9 of the Commonwealth Authorities and Companies Act 1997 has been given to the Minister for the previous financial year—at the beginning of the previous financial year; or
 (ii) if the commencement time occurs in a financial year beginning on or after 1 July 2015 and no report under 46 of the Public Governance, Performance and Accountability Act 2013 has been given to the Minister for the previous financial year—at the beginning of the previous financial year; or
 (iii) otherwise—at the beginning of the financial year in which the commencement time occurs; and
 (b) ends immediately before the commencement time.

Report to include financial statements
(3) The report must include financial statements for the final reporting period.
(4) If the final reporting period begins on or after 1 July 2014, then the financial statements for the period must be prepared and audited in accordance with sections 42 and 43 of the Public Governance, Performance and Accountability Act 2013.
(5) However, if the final reporting period begins before 1 July 2014, then:
 (a) the financial statements relating to the part of the period that occurs on and after that day must be prepared and audited in accordance with sections 42 and 43 of the Public Governance, Performance and Accountability Act 2013; and
 (b) the financial statements relating to the part of the period that occurs before that day must be prepared and audited in accordance with Schedule 1 to the Commonwealth Authorities and Companies Act 1997 and the Finance Minister's Orders referred to in that Schedule (as in force immediately before that day).
(6) For subitems (1) and (4) and paragraph (5)(a), sections 42, 43 and 46 of the Public Governance, Performance and Accountability Act 2013, and rules made for the purposes of those sections, apply as if:
 (a) references in those sections to the accountable authority were references to the Secretary; and
 (b) references in those sections to an annual report were references to the report; and
 (c) references in those sections to a reporting period were references to the final reporting period.
(7) For paragraph (5)(b), Schedule 1 to the Commonwealth Authorities and Companies Act 1997, and the Finance Minister's Orders referred to in that Schedule, as in force immediately before 1 July 2014, apply as if:
 (a)