154 Annual financial statements

(1)

As soon as practicable after the end of each financial year, a Crown entity must prepare financial statements in relation to the entity for that financial year.

(2)

[Repealed]

(3)

The financial statements must—

(a)

comply with generally accepted accounting practice; and

(b)

include any other information or explanations needed to fairly reflect the financial operations and financial position; and

(c)

include the forecast financial statements prepared at the start of the financial year, for comparison with the actual financial statements.

Section 154(1): replaced, on 1 July 2014, by section 64 of the Crown Entities Amendment Act 2013 (2013 No 51).

Section 154(2): repealed, on 1 July 2014, by section 64 of the Crown Entities Amendment Act 2013 (2013 No 51).