Queensland Subordinate Legislation as Made

FINANCIAL AND PERFORMANCE MANAGEMENT STANDARD 2019 - REG 36

36 Final period for final financial statements—Act, s 62

(1) This section states, for section 62 (2) of the Act , definition
"final period" , the final period for an abolished department or an abolished statutory body.

(2) Subsection (3) applies if annual financial statements for the abolished department’s or abolished statutory body’s last financial year are certified and audited before its abolition day.

(3) The final period for the abolished department or abolished statutory body is the period from the day immediately after the abolished department’s or abolished statutory body’s last financial year to its abolition day.

(4) If subsection (3) does not apply, the final period for the abolished department or abolished statutory body is 1 of the following periods decided by the former chief finance officer of the abolished department or the former responsible person for the abolished statutory body—

(a) the period from the beginning of the abolished department’s or abolished statutory body’s last financial year to its abolition day;

(b) the period mentioned in subsection (3) .

(5) In deciding the final period under subsection (4) , the former chief finance officer of the abolished department, or the person responsible for the financial administration of the abolished statutory body, must have regard to the extent to which annual financial statements for the department’s or statutory body’s last financial year have been—

(a) prepared under section 38 or 39 ; and

(b) audited by the authorised auditor for the abolished department or abolished statutory body.

(6) In this section—

"abolition day" , for an abolished department or abolished statutory body, means the day the abolished department or abolished statutory body is abolished.

"certified and audited" —

(a) for the annual financial statements of a department—means the statements have been certified under section 38 (3) and the authorised auditor for the department has given a report about the statements to the department’s accountable officer; or

(b) for the annual financial statements of a statutory body—means the statements have been certified under section 39 (3) and (4) and the authorised auditor for the statutory body has given a report about the statements to the statutory body.

"last financial year" , for an abolished department or abolished statutory body, means the department’s or statutory body’s financial year last ended before its abolition day.