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Valuers Bill

Miscellaneous - Financial provisions

96: Board’s financial statements

You could also call this:

"The Board must prepare and sign its financial reports within 6 months of the financial year ending."

Illustration for Valuers Bill

You will have a new rule about the Board's financial statements. The Board must finish its financial statements within 6 months after the end of the financial year. The financial statements must follow generally accepted accounting practice and be about the Board and that financial year. The Valuer-General must date and sign the financial statements on behalf of the Board. You need to know what some words mean. Financial statements mean the same as in section 6 of the Financial Reporting Act 2013. Generally accepted accounting practice means the same as in section 8 of the Financial Reporting Act 2013. The Board must follow these rules to make sure its financial statements are correct and follow the law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1451154.

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Part 4Miscellaneous
Financial provisions

96Board’s financial statements

  1. The Board must ensure that, within 6 months after the end of the financial year ending on 31 December, financial statements that comply with generally accepted accounting practice are—

  2. completed in relation to the Board and that financial year; and
    1. dated and signed on behalf of the Board by the Valuer-General.

      1. In this section,—

        financial statements has the same meaning as in section 6 of the Financial Reporting Act 2013

          generally accepted accounting practice has the same meaning as in section 8 of the Financial Reporting Act 2013.