New Zealand Legislation: Regulations
Regulations are laws made under Acts
(1) A committee must prepare, for each financial year, annual financial statements in relation to the affairs of the committee in accordance with generally accepted accounting practice (within the meaning of section 3 of the Financial Reporting Act 1993, applied as if the committee were a reporting entity).
(2) A committee must submit its financial statements to a chartered accountant for audit no later than 90 days after the end of each financial year.
(3) A committee must send a copy of the audited accounts to the NRFA within 30 days of receiving an audit report from a chartered accountant.
(4) This regulation does not apply to a committee that is a council-controlled organisation within the meaning of section 6 of the Local Government Act 2002.
