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Accident Compensation Act 2001

Accident Compensation Corporation - Reporting requirements

278: Annual financial statements

You could also call this:

“ACC must create yearly money reports”

You need to know about the financial reports that the Accident Compensation Corporation (ACC) must create each year. The ACC has to include financial statements for each of its accounts in its yearly report. This is required by a law called the Crown Entities Act 2004.

The ACC must follow certain rules when making these financial statements. These rules are set out in the Crown Entities Act 2004. The ACC might need to change these rules a little bit to make them fit, but they still have to follow the main ideas.

This helps make sure that the ACC is being honest and clear about how it’s using its money. It’s a way for people to check that the ACC is doing a good job with the funds it manages.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM103194.

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Part 7 Accident Compensation Corporation
Reporting requirements

278Annual financial statements

  1. The Corporation must include in its annual report under section 150 of the Crown Entities Act 2004 annual financial statements for each Account.

  2. Sections 154(3), 155, and 156 of the Crown Entities Act 2004 apply to the financial statements under subsection (1) with any necessary modifications.

Notes
  • Section 278: substituted, on , by section 200 of the Crown Entities Act 2004 (2004 No 115).