Plain language law

New Zealand law explained for everyone

Retirement Villages Act 2003

Registration, occupation right agreements, and related requirements and rules - Financial reporting

35D: Financial statements must be audited

You could also call this:

"Retirement villages must have their money records checked by an auditor."

Illustration for Retirement Villages Act 2003

You need to get your financial statements checked by a qualified auditor if you run a retirement village. This is for the statements you prepare under sections 35B and 35C. You can find more information about appointing an auditor in sections 37 to 39 of the Financial Reporting Act 2013.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6043946.

This page was last updated on — View changes

Topics:
Money and consumer rights > Savings and retirementBusiness > Industry rules
Previous

35C: Financial statements for retirement villages, or

"Rules for retirement villages' money reports"

Next

35E: Audit must be carried out in accordance with auditing and assurance standards, or

"Audits must follow standard rules"

Part 2Registration, occupation right agreements, and related requirements and rules
Financial reporting

35DFinancial statements must be audited

  1. The operator of a retirement village must ensure that the financial statements prepared under sections 35B and 35C are audited by a qualified auditor.

  2. See sections 37 to 39 of the Financial Reporting Act 2013 (which provide for the appointment of a partnership and access to information in relation to an operator of a retirement village).

Notes
  • Section 35D: inserted, on , by section 115 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).