Acts Amendment (Financial provisions of regulatory bodies) Act 1987 (WA)
WESTERN AUSTRALIA
ACTS AMENDMENT (FINANCIAL
PROVISIONS OF REGULATORY
BODIES) ACT
No. 77 of 1987
AN ACT to amend certain Acts relating to professional and trade regulatory bodies to impose appropriate and consistent accounting, reporting and audit requirements.
[Assented to 26 November 1987]
BE it enacted by the Queen's Most Excellent Majesty, by and with the
advice and consent of the Legislative Council and the Legislative Assembly of Western Australia, in this present Parliament assembled, and by the authority of the same, as follows:—
Short title
1. This Act may be cited as the Acts Amendment (Financial provisions of regulatory bodies) Act 1987.
| No. 77] Acts Amendment (Financial Provisions of Regulatory | [1987 |
Bodies) Act
Commencement
2. This Act shall come into operation on 1 January 1988.
Amendment of Acts
3. The Acts referred to in the first column of Schedule 1 are amended
to the extent to which and in the manner in which they are in the second
column of that schedule expressed to be amended.
Savings and transitional
The amendments contained in this Act shall not apply in respect of a financial year of a board or authority that has ended, or has commenced but has not ended, before this Act comes into operation and any Act amended by this Act shall continue to apply in respect of such a financial year as if it had not been amended.
4.
| SCHEDULE 1 | (Section 3) |
| AMENDMENTS |
| Short title of Act | Amendment |
| Architects Act 1921 | Section 33 is repealed and the following sections substituted |
Accounts
33. (1) The Board shall cause to be kept proper accounts and records of the transactions and affairs of the Board and shall prepare financial statements in accordance with Australian Accounting Standards.
(2) The financial statements shall be prepared on an accrual basis unless the Board determines otherwise.
Audit
34. The accounts and financial statements of the Board shall be audited at least once a year, at the expense of the Board, by an auditor appointed by the Board with the prior approval of the Minister.
Annual report
35. (1) The Board shall on or before 30 June in each year make and submit to the Minister an annual report of its proceedings for the preceding year ending on 31 December
| together with a copy of the financial |
| statements and the auditor's report. |
| 1987] | Acts Amendment (Financial Provisions of Regulatory [No. 77 |
Bodies) Act
| Short title of Act | Amendment |
(2) The Minister shall cause a copy of each annual report, financial statements and auditor's report submitted under subsection (1) to be laid before each House of Parliament within 14 sitting days of that House after receipt of the report by the Minister.
Report to annual general meeting
36. The Board shall submit the audited
financial statements referred to in section 34
to the annual general meeting of architects. ".
| Builders' Registration Act 1939 | Section 23 is repealed and the following sections substituted |
Accounts
23. (1) The Board shall cause to be kept
proper accounts and records of the
transactions and affairs of the Board and shall
prepare financial statements in accordance
with Australian Accounting Standards.
(2) The financial statements shall be prepared on an accrual basis unless the Board determines otherwise.
Audit
23A. The accounts and financial statements
of the Board shall be audited at least once a
year, at the expense of the Board, by an
auditor appointed by the Board with the prior
approval of the Minister.
Annual report
23B. (1) The Board shall on or before 31 March in each year make and submit to the Minister an annual report of its proceedings for the preceding year ending on 31 December together with a copy of the financial statements and the auditor's report.
(2) The Minister shall cause a copy of each annual report, financial statements and auditor's report submitted under subsection (1) to be laid before each House of Parliament within 14 sitting days of that House after receipt of the report by the Minister. ".
| Chiropractors Act 1964 | Sections 16A and 16B are repealed and the following sections substituted |
Accounts
16A. (1) The Board shall cause to be kept
proper accounts and records of the
transactions and affairs of the Board and shall
prepare financial statements in accordance
with Australian Accounting Standards.
(2) The financial statements shall be
| prepared on an accrual basis unless the Board |
| determines otherwise. |
| No. 77] Acts Amendment (Financial Provisions of Regulatory | [1987 |
Bodies) Act
| Short title of Act | Amendment |
Audit
16B. The accounts and financial statements
of the Board shall be audited at least once a
year, at the expense of the Board, by an
auditor appointed by the Board with the prior
approval of the Minister.
Annual report
16C. (1) The Board shall on or before
31 October in each year make and submit to
the Minister an annual report of its
proceedings for the preceding year ending on
30 June together with a copy of the financial
statements and the auditor's report.
(2) The Minister shall cause a copy of each annual report, financial statements and auditor's report submitted under subsection (1) to be laid before each House of Parliament within 14 sitting days of that House after receipt of the report by the Minister. ".
| DentalAct 1939 | After section 14 the following sections are inserted |
Accounts
14A. (1) The Board shall cause to be kept
proper accounts and records of the
transactions and affairs of the Board and shall
prepare financial statements in accordance
with Australian Accounting Standards.
(2) The financial statements shall be prepared on an accrual basis unless the Board determines otherwise.
Audit
14B. The accounts and financial statements
of the Board shall be audited at least once a
year, at the expense of the Board, by an
auditor appointed by the Board with the prior
approval of the Minister.
Annual report
14C. (1) The Board shall on or before
31 December in each year make and submit to
the Minister an annual report of its
proceedings for the preceding year ending on
30 June together with a copy of the financial
statements and the auditor's report.
(2) The Minister shall cause a copy of each annual report, financial statements and auditor's report submitted under subsection (1) to be laid before each House of Parliament
| within 14 sitting days of that House afterreceipt of the report by the Minister. ". |
| 1987] | A cts Amendment (Financial Provisions of Regulatory | [No. 77 |
Bodies) Act
| Short title of Act | Amendment |
Hairdressers Registration Act In section 14, subsections (6) and (7) are repealed.
1946
After section 14 the following sections are inserted
Accounts
14A. (1) The Board shall cause to be kept
proper accounts and records of the
transactions and affairs of the Board and shall
prepare financial statements in accordance
with Australian Accounting Standards.
(2) The financial statements shall be prepared on an accrual basis unless the Board determines otherwise.
Audit
14B. The accounts and financial statements
of the Board shall be audited at least once a
year, at the expense of the Board, by an
auditor appointed by the Board with the prior
approval of the Minister.
Annual report
14C. (1) The Board shall on or before 30 June
in each year make and submit to the Minister
an annual report of its proceedings for the
preceding year ending on 31 December
together with a copy of the financial
statements and the auditor's report.
(2) The Minister shall cause a copy of each annual report, financial statements and auditor's report submitted under subsection-(1) to be laid before each House of Parliament within 14 sitting days of that House after receipt of the report by the Minister. ".
| Legal Practitioners Act 1893 | After section 7 the following sections are inserted |
Accounts
7A. (1) The Board shall cause to be kept
proper accounts and records of the
transactions and affairs of the Board and shall
prepare financial statements in accordance
with Australian Accounting Standards.
(2) The financial statements shall be prepared on an accrual basis unless the Board determines otherwise.
Audit
7B. The accounts and financial statements of
the Board shall be audited at least once a year,
at the expense of the Board, by an auditor
| appointed by the Board with the priorapproval of the Minister. |
| No. 77] Acts Amendment (Financial Provisions of Regulatory | [1987 |
Bodies) Act
| Short title of Act | Amendment |
Annual report
7C. (1) The Board shall on or before
31 December in each year make and submit to
the Minister an annual report of its
proceedings for the preceding year ending on
30 June together with a copy of the financial
statements and the auditor's report.
(2) The Minister shall cause a copy of each annual report, financial statements and auditor's report submitted under subsection (1) to be laid before each House of Parliament within 14 sitting days of that House after receipt of the report by the Minister. ".
| Licensed Surveyors Act 1909 | After section 25 the following sections are inserted |
Accounts
25A. (1) The Board shall cause to be kept
proper accounts and records of the
transactions and affairs of the Board and shall
prepare financial statements in accordance
with Australian Accounting Standards.
(2) The financial statements shall be prepared on an accrual basis unless the Board determines otherwise.
Audit
25B. The accounts and financial statements
of the Board shall be audited at least once a
year, at the expense of the Board, by an
auditor appointed by the Board with the prior
approval of the Minister.
Annual report
25C. (1) The Board shall on or before 30 June
in each year make and submit to the Minister
an annual report of its proceedings for the
preceding year ending on 31 December
together with a copy of the financial
statements and the auditor's report.
(2) The Minister shall cause a copy of each annual report, financial statements and auditor's report submitted under subsection (1) to be laid before each House of Parliament within 14 sitting days of that House after receipt of the report by the Minister. ".
| Medical Act 1894 | Section 21E is repealed and the following sections substituted |
Accounts
21E. (1) The Board shall cause to be kept
proper accounts and records of the
transactions and affairs of the Board and shall
prepare financial statements in accordance
with Australian Accounting Standards.
(2) The financial statements shall be
prepared on an accrual basis unless the Board
| determines otherwise. |
| 1987] | Acts Amendment (Financial Provisions of Regulatory [No. 77 |
Bodies) Act
| Short title of Act | Amendment |
Audit
21F. The accounts and financial statements
of the Board shall be audited at least once a
year, at the expense of the Board, by an
auditor appointed by the Board with the prior
approval of the Minister.
Annual report
21G. (1) The Board shall on or before
31 December in each year make and submit to
the Minister an annual report of its
proceedings for the preceding year ending on
30 June together with a copy of the financial
statements and the auditor's report.
(2) The Minister shall cause a copy of each annual report, financial statements and auditor's report submitted under subsection (1) to be laid before each House of Parliament within 14 sitting days of that House after receipt of the report by the Minister. ".
| Nurses Act 1968 | In section 16- |
(a) in subsection (1c)
(i) delete "Public Account" in both places where it occurs and substitute in each place "Consolidated Revenue Fund"; and
| (ii) | delete "Account" and substitute "Fund"; and |
(b) subsections (3) and (5) are repealed.
After section 16 the following sections are inserted
Accounts
16A. (1) The Board shall cause to be kept
proper accounts and records of the
transactions and affairs of the Board and shall
prepare financial statements in accordance
with Australian Accounting Standards.
(2) The financial statements shall be prepared on an accrual basis unless the Board determines otherwise.
Audit
16B. The accounts and financial statements
of the Board shall be audited at least once a
year, at the expense of the Board, by an
auditor appointed by the Board with the prior
approval of the Minister.
Annual report
16C. (1) The Board shall on or before 31 December in each year make and submit to the Minister an annual report of its proceedings for the preceding year ending on 30 June
| together with a copy of the financialstatements and the auditor's report. |
| No. 77] Acts Amendment (Financial Provisions of Regulatory | [1987 |
Bodies) Act
| Short title of Act | Amendment |
(2) The Minister shall cause a copy of each annual report, financial statements and auditor's report submitted under subsection (1) to be laid before each House of Parliament within 14 sitting days of that House after receipt of the report by the Minister. ".
| Occupational Therapists | Sections 26 and 27 are repealed and the following |
| Registration Act 1980 | sections substituted |
Accounts
26. (1) The Board shall cause to be kept proper accounts and records of the transactions and affairs of the Board and shall prepare financial statements in accordance with Australian Accounting Standards.
(2) The financial statements shall be prepared on an accrual basis unless the Board determines otherwise.
Audit
27. The accounts and financial statements of the Board shall be audited at least once a year, at the expense of the Board, by an auditor appointed by the Board with the prior approval of the Minister.
Annual report
27A. (1) The Board shall on or before 30 June
in each year make and submit to the Minister
an annual report of its proceedings for the
preceding year ending on 31 December
together with a copy of the financial
statements and the auditor's report.
(2) The Minister shall cause a copy of each annual report, financial statements and auditor's report submitted under subsection (I) to be laid before each House of Parliament within 14 sitting days of that House after receipt of the report by the Minister. ".
| Optometrists Act 1940 | In section 16, subsections (4), (5), (6) and (7) are repealed. |
| After section 16, the following sections are inserted |
Accounts
16A. (1) The Board shall cause to be kept
proper accounts and records of the
transactions and affairs of the Board and shall
prepare financial statements in accordance
with Australian Accounting Standards.
(2) The financial statements shall be
prepared on an accrual basis unless the Board
| determines otherwise. |
| 1987] | Acts Amendment (Financial Provisions of Regulatory [No. 77 |
Bodies) Act
| Short title of Act | Amendment |
Audit
16B. The accounts and financial
statements of the Board shall be audited at
least once a year, at the expense of the Board,
by an auditor appointed by the Board with the
prior approval of the Minister.
Annual report
16C. (1) The Board shall on or before 30 September in each year make and submit to the Minister an annual report of its proceedings for the preceding year ending on 30 June together with a copy of the financial statements and the auditor's report.
(2) The Minister shall cause a copy of each annual report, financial statements and auditor's report submitted under subsection (1) to be laid before each House of Parliament within 14 sitting days of that House after receipt of the report by the Minister. ".
| Painters' Registration Act 1961 | Section 23 is repealed and the following sections substituted |
Accounts
23. (1) The Board shall cause to be kept
proper accounts and records of the
transactions and affairs of the Board and shall
prepare financial statements in accordance
with Australian Accounting Standards.
(2) The financial statements shall . be prepared on an accrual basis unless the Board determines otherwise.
Audit
23A. The accounts and financial statements
of the Board shall be audited at least once a
year, at the expense of the Board, by an
auditor appointed by the Board with the prior
approval of the Minister.
Annual report
23B. (1) The Board shall on or before 31 March in each year make and submit to the Minister an annual report of its proceedings for the preceding year ending on 31 December together with a copy of the financial statements and the auditor's report.
(2) The Minister shall cause a copy of each annual report, financial statements and auditor's report submitted under subsection (1) to be laid before each House of Parliament
| within 14 sitting days of that House afterreceipt of the report by the Minister. ". |
| No. 77] Acts Amendment (Financial Provisions of Regulatory | [1987 |
Bodies) Act
| Short title of Act | Amendment |
| Pharmacy Act 1964 | After section 16 the following sections are inserted |
Accounts
16A. (1) The Council shall cause to be kept
proper accounts and records of the
transactions and affairs of the Council and
shall prepare financial statements in
accordance with Australian Accounting
Standards.
(2) The financial statements shall be prepared on an accrual basis unless the Council determines otherwise.
Audit
16B. The accounts and financial statements
of the Council shall be audited at least once a
year, at the expense of the Council, by an
auditor appointed by the Council with the
prior approval of the Minister.
Annual report
16C. (1) The Council shall on or before 30 June in each year make and submit to the Minister an annual report of its proceedings for the preceding year ending on 31 December together with a copy of the financial statements and the auditor's report.
(2) The Minister shall cause a copy of each annual report, financial statements and auditor's report submitted under subsection (1) to be laid before each House of Parliament within 14 sitting days of that House after receipt of the report by the Minister. ".
| Physiotherapists Act 1950 | After section 7 the following sections are inserted |
Accounts
7A. (1) The Board shall cause to be kept
proper accounts and records of the
transactions and affairs of the Board and shall
prepare financial statements in accordance
with Australian Accounting Standards.
(2) The financial statements shall be prepared on an accrual basis unless the Board determines otherwise.
Audit
7B. The accounts and financial statements of
the Board shall be audited at least once a year,
at the expense of the Board, by an auditor
appointed by the Board with the prior
approval of the Minister.
Annual report
7C. (1) The Board shall on or before 30 June
in each year make and submit to the Minister
an annual report of its proceedings for the
preceding year ending on 31 December
| together with a copy of the financialstatements and the auditor's report. |
| 1987] | Acts Amendment (Financial Provisions of Regulatory [No. 77 |
Bodies) Act
| Short title of Act | Amendment |
(2) The Minister shall cause a copy of each annual report, financial statements and auditor's report submitted under subsection (1) to be laid before each House of Parliament within 14 sitting days of that House after receipt of the report by the Minister. ".
Podiatrists Registration Act Sections 26 and 27 are repealed and the following
1984 sections substituted
Accounts
26. (1) The Board shall cause to be kept proper accounts and records of the transactions and affairs of the Board and shall prepare financial statements in accordance with Australian Accounting Standards.
(2) The financial statements shall be prepared on an accrual basis unless the Board determines otherwise.
Audit
27. The accounts and financial statements of the Board shall be audited at least once a year, at the expense of the Board, by an auditor appointed by the Board with the prior approval of the Minister.
Annual report
27A. (1) The Board shall on or before 30 June
in each year make and submit to the Minister
an annual report of its proceedings for the
preceding year ending on 31 December
together with a copy of the financial
statements and the auditor's report.
(2) The Minister shall cause a copy of each annual report, financial statements and auditor's report submitted under subsection (1) to be laid before each House of Parliament within 14 sitting days of that House after receipt of the report by the Minister. ".
Psychologists Registration Act Sections 17 and 18 are repealed and the following
1976 sections substituted
Accounts
17. (1) The Board shall cause to be kept
proper accounts and records of the
transactions and affairs of the Board and shall
| with Australian Accounting Standards.prepare financial statements in accordance |
| No. 77] Acts Amendment (Financial Provisions of Regulatory | [1987 |
Bodies) Act
| Short title of Act | Amendment |
(2) The financial statements shall be prepared on an accrual basis unless the Board determines otherwise.
Audit
18. The accounts and financial statements of
the Board shall be audited at least once a year,
at the expense of the Board, by an auditor
appointed by the Board with the prior
approval of the Minister.
Annual report
18A. (1) The Board shall on or before
31 October in each year make and submit to
the Minister an annual report of its
proceedings for the preceding year ending on
30 June together with a copy of the financial
statements and the auditor's report
(2) The Minister shall cause a copy of each annual report, financial statements and auditor's report submitted under subsection (1) to be laid before each House of Parliament within 14 sitting days of that House after receipt of the report by the Minister. ".
| Veterinary Surgeons Act 1960 | In section 16, subsection (3) is repealed and the following subsection substituted |
(3) Where at any time the funds of the Board are insufficient for the proper administration of this Act, the Board may borrow moneys from the Treasurer on such terms and conditions as the Treasurer approves, including such conditions as to repayment and payment of interest as the Treasurer imposes. ".
After section 16 the following sections are inserted in
Part II
Accounts
16AA. (1) The Board shall cause to be kept
proper accounts and records of the
transactions and affairs of the Board and shall
prepare financial statements in accordance
with Australian Accounting Standards.
(2) The financial statements shall be prepared on an accrual basis unless the Board determines otherwise.
Audit
16AB. The accounts and financial statements
of the Board shall be audited at least once a
year, at the expense of the Board, by an
auditor appointed by the Board with the prior
| approval of the Minister. |
| 1987] | Acts Amendment (Financial Provisions of Regulatory [No. 77 |
Bodies) Act
| Short title of Act | Amendment |
Annual report
16AC. (1) The Board shall on or before
31 December in each year make and submit to
the Minister an annual report of its
proceedings for the preceding year ending on
30 June together with a copy of the financial
statements and the auditor's report.
(2) The Minister shall cause a copy of each annual report, financial statements and auditor's report submitted under subsection (1) to be laid before each House of Parliament within 14 sitting days of that House after receipt of the report by the Minister. ".
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