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125: Immunities
or “The chief executive can't be personally blamed for mistakes made while doing their job.”
You could also call this:

“The boss must write a yearly report about how they managed the rules for renting homes”

Every year, after 30 June, the chief executive needs to give a report to the Minister. This report is about how the Residential Tenancies Act was managed during the past year. The chief executive also has to include this report in the department’s yearly report, which is required by section 43 of the Public Finance Act 1989.

The report must show two things separately:

First, it needs to have checked financial statements for the Residential Tenancies Trust Account. These statements show how much money is in the account and how it was used during the year.

Second, the report must include what the person who checked the financial statements (the auditor) says about them.

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Next up: 126A: Interpretation

or “This explains what some special words mean when talking about breaking the rules in renting houses.”
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Part 4 Administration
Functions and powers of chief executive

126Annual report

  1. The chief executive shall, as soon as practicable after 30 June in each year, submit to the Minister a report on the administration of this Act during the year ending on that day; and shall include that report in the annual report of the department prepared pursuant to section 43 of the Public Finance Act 1989.

  2. The report shall show separately—

  3. the audited consolidated financial statements for the Residential Tenancies Trust Account for the year to which the report relates, consisting of such statements as may be necessary to show the financial position of that Account and the financial results of the operation of the Account during that year; and
    1. the auditor's report on those financial statements.

      Notes
      • Section 126: replaced, on , by section 13(1) of the Residential Tenancies Amendment Act 1992 (1992 No 79).
      • Section 126(1): amended, on , by section 81 of the Residential Tenancies Amendment Act 2010 (2010 No 95).
      • Section 126(1): amended, on , by section 37(1) of the Public Finance Amendment Act 2004 (2004 No 113).
      • Section 126(2): replaced, on , by section 47 of the Residential Tenancies Amendment Act 1996 (1996 No 7).