Northern Territory Numbered Acts Northern Territory Numbered Acts(1) For each financial year, an industry board must prepare an annual report on its operation during that year.
(2) The report must include:
(a) each record that is required to be included in the report under section 31 ; and
(b) financial statements relating to the industry board's operation for that year; and
(c) the Auditor-General's report on the financial statements that is provided to the industry board under section 33 (3)(b).
(3) The financial statements must:
(a) be in a form that is approved by the Treasurer; and
(b) unless the Treasurer otherwise directs – be prepared according to commercial accounting principles.
(4) An industry board must provide the Minister with its annual report within:
(a) one month after receiving the Auditor-General's report; or
(b) if another period is specified by the Minister – that period.