Section 11Part 0 —
Accounts
←→ Navigate · Click subsection badges to collapse · Press ? for help
The Commission shall cause proper accounts relating to the segregated insurance fund to be prepared and maintained on an accrual accounting basis and in accordance with generally accepted accounting practice.
The Commission shall, as soon as practicable after the end of each financial year, forward to the Cabinet —
a report on the operations of the Commission during that year; and
a copy of the accounts of the fund for that year certified by the Auditor General.
The report prepared for the purposes of subsection (2)(a) shall set out any directions given by the Minister to the Commission during that year.
The Minister shall cause copies of the report of the Commission and the accounts of the segregated insurance fund forwarded to the Cabinet under subsection (2) to be laid before the Legislative Assembly.