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Taratahi Agricultural Training Centre (Wairarapa) Act 1969

14B: Financial statements must be audited

You could also call this:

"The trust board's money records must be checked by an auditor."

Illustration for Taratahi Agricultural Training Centre (Wairarapa) Act 1969

You need to know that the trust board's financial statements must be audited. The trust board is considered a public entity as defined in section 4 of the Public Audit Act 2001. The Auditor-General is the auditor for the trust board.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6047113.

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14A: Financial statements must be prepared, or

"The trust board must prepare yearly financial statements by 31 March."

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15: Exemption from land tax and income tax, or

"The trust board doesn't have to pay land tax or income tax."

14BFinancial statements must be audited

  1. The trust board must ensure that the financial statements of the trust board are audited.

  2. The trust board is a public entity as defined in section 4 of the Public Audit Act 2001 and, in accordance with that Act, the Auditor-General is its auditor.

Notes
  • Section 14B: inserted, on , by section 125 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).