11 Annual report on national land transport fund

(1)

After the end of each financial year, the Agency must prepare an annual report on the national land transport fund.

(2)

The annual report required under subsection (1) must be prepared in accordance with generally accepted accounting practice, and must include—

(a)

a statement of inflows and expenses and capital expenditure of the national land transport fund for the financial year to which the report relates and the previous 2 financial years:

(b)

a statement of cash flows in respect of the national land transport fund for the financial year to which the report relates:

(c)

a statement of the financial position of the national land transport fund (including its closing balance):

(d)

a statement of commitments:

(e)

a statement of performance for each activity class funded by the national land transport fund for the financial year to which the report relates, unless the Minister has approved the inclusion of the information in the Agency’s annual report under section 150 of the Crown Entities Act 2004:

(f)

an explanation of how the funding of activities or combinations of activities under the national land transport programme has contributed to the achievement of any outcomes, objectives or impacts set out in the relevant GPS on land transport:

(g)

an explanation of how the national land transport fund has been managed with respect to the closing balance.

(3)

The provisions of the Crown Entities Act 2004 in respect of the preparation, audit, presentation, and publication of a Crown entity’s annual report (including its financial statements) apply, with all necessary modifications, to the annual report required under subsection (1).

(4)

The Agency must make a copy of the annual report publicly available in accordance with section 108.

Section 11: substituted, on 1 August 2008, by section 15 of the Land Transport Management Amendment Act 2008 (2008 No 47).

Section 11(2)(f): amended, on 13 June 2013, by section 10 of the Land Transport Management Amendment Act 2013 (2013 No 35).