The Bank has to send the financial statements of the fund to the Auditor-General. You need to think of the financial statements like a report card for the fund's money. The Bank must do this before the end of the second month after the financial year ends. The Auditor-General then checks the statements to make sure they are correct and writes a report about them. The Auditor-General gives this report to the Bank within 30 days of getting the statements. The Auditor-General's job is to make sure the financial statements are accurate and follow the rules.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS504949.
The Bank must forward to the Auditor-General the financial statements of the fund before the end of the second month following the end of the financial year to which the statements relate.
The Auditor-General must—
