Government Trading Enterprises Regulations 2023 (WA)

Western Australia Government Trading Enterprises Act 2023 Government Trading Enterprises Regulations 2023 Western Australia Government Trading Enterprises Regulations 2023 Contents Part 1 — Preliminary 1. Citation 1 2. Commencement 1 Part 2 — Financial administration and audit Division 1 — Preliminary 3. Terms used 1 4. Chief financial officer function 1 Division 2 — Financial records 5. Physical format 1 6. Place where records kept 1 7. Director access 1 Division 3 — Financial reporting Subdivision 1 — Annual financial reports and directors' reports 8. Contents of annual financial report 1 9. Declaration in relation to GTE's financial statements by chief executive officer and chief financial officer 1 10. True and fair view 1 11. Annual directors' report 1 12. Annual directors' report — general information 1 13. Annual directors' report — specific information 1 14. Annual directors' report — indemnities and insurances 1 15. Annual directors' report — other specific information 1 Subdivision 2 — Interim report 16. Period for and contents of interim report 1 Subdivision 3 — Audit and auditor's report 17. Audit opinion 1 18. Auditor General's report on annual financial report 1 Subdivision 4 — Special provisions about consolidated financial statements 19. Directors and officers of subsidiary to give information 1 20. Auditor General's power to obtain information from subsidiary 1 21. Subsidiary to assist Auditor General 1 22. Application of Subdivision to subsidiary that has ceased to be controlled 1 Subdivision 5 — Financial years of GTEs and subsidiaries 23. Financial years 1 Division 4 — Accounting standards 24. Accounting standards 1 25. Equity accounting 1 26. Interpretation of accounting standards 1 27. Evidence of text of accounting standard 1 Division 5 — Exemptions and modifications 28. Treasurer's power to make specific exemption orders 1 29. Criteria for specific exemption orders and class orders 1 30. Extension of time 1 Division 6 — Miscellaneous 31. Annual financial reporting 1 32. Powers and duties of Auditor General 1 32A. End date for former financial administration and audit provisions 1 Part 3 — Other matters 33. Details of membership of GTE's board 1 34. Details of appointment of member to GTE's board 1 35. Hedging transactions 1 36. Registers 1 37. Periodicity of external review of board performance 1 38. Threshold for significant transactions 1 Part 4 — Other regulations amended Division 1 — Electricity Corporations (Electricity Generation and Retail Corporation) Regulations 2013 amended 39. Regulations amended 1 40. Regulation 7 deleted 1 Division 2 — Western Australian Land Authority Regulations 1999 amended 41. Regulations amended 1 42. Part 3A deleted 1 Notes Compilation table 1 Defined terms Government Trading Enterprises Act 2023 Government Trading Enterprises Regulations 2023