New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) The reporting requirements and provisions that would have applied if this Act had not been enacted continue to apply, in respect of the financial year specified in subsection (3), to a department and an Office of Parliament, rather than the reporting requirements and provisions enacted by this Act or any other Act.
(2) Therefore, for example, a department and an Office of Parliament must comply with the requirements relating to annual financial statements, annual reports, and audits that were in the principal Act immediately before the commencement of this Act.
(3) The financial year referred to in subsection (1) is—
(a) the financial year ending on 30 June 2005; or
(b) if a later financial year is specified by the Governor-General by Order in Council made under section 32(1)(a)(ii), that financial year.
(4) To avoid doubt, this section does not limit section 32.
(5) Section 198 of the Crown Entities Act 2004 applies to an organisation named or described in Schedule 4.
