246Contents of water services annual report

1. A water services annual report for a financial year must contain—

2. the information specified in Schedule 4; and
3. any information that the water service provider is required to publicly disclose in a water services annual report under subpart 4 of Part 4 of the Commerce Act 1986; and
4. a report by the Auditor-General on—
   1. the financial statements required by clause 2(1)(a) or (b) of Schedule 4; and
   2. the statement relating to budgeted and actual capital expenditure required by clause 4 of Schedule 4; and
   3. the funding impact statement required by clause 5 of Schedule 4; and
   4. each statement of service required by clause 7 of Schedule 4.

5. Information included in a water services annual report must be consistent with any applicable requirements or determinations issued by the Commerce Commission under Part 4 of the Commerce Act 1986.

6. All information that is included in a water services annual report must be prepared in accordance with generally accepted accounting practice if that information is of a form or nature for which generally accepted accounting practice has developed standards.

7. However, the requirement in subsection (3) does not apply—

8. if Part 4 of the Commerce Act 1986 makes alternative requirements; or
9. to a funding impact statement (see clause 5(2)(e) and (9) of Schedule 3).