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Burial and Cremation Act 1964

Trustees

29A: Financial statements

You could also call this:

"Trustees must prepare and sign financial reports each year by 31 August."

Illustration for Burial and Cremation Act 1964

You are a trustee, which means you help manage a burial or cremation site. You must make sure financial statements are ready within 5 months after the end of the financial year. The financial year ends on 31 March. You need to complete and sign these statements with another trustee. You have to prepare the financial statements in a certain way. This way is called generally accepted accounting practice. If your site is not a specified not-for-profit entity, you can also use a non-GAAP standard. You must date and sign the financial statements on behalf of the trustees. Two of the trustees must sign the statements. This is part of the Burial and Cremation Act 1964, which was amended by the Financial Reporting (Amendments to Other Enactments) Act 2013.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6044923.

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"Trustees must keep accurate and easy-to-check financial records."

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"Cemetery spending over $1 million must have finances checked by the Auditor-General."

Part 3Trustees

29AFinancial statements

  1. Trustees must ensure that, within 5 months after the end of the financial year ending on 31 March, financial statements are—

  2. completed in relation to the trustees and that financial year; and
    1. dated and signed on behalf of the trustees by 2 of the trustees.

      1. The financial statements must be prepared in accordance with,—

      2. in the case of a specified not-for-profit entity, generally accepted accounting practice; or
        1. in any other case, either generally accepted accounting practice or a non-GAAP standard that applies for the purposes of this section.

          Notes
          • Section 29A: inserted, on , by section 125 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).