Singapore legislation

Clause 16

of Provisional Mass Rapid Transit Authority Bill

Clause 16

Presentation of financial statements and auditor’s report to Parliament

(1)

The Provisional Authority shall, as soon as the accounts of the Provisional Authority and the financial statements have been audited in accordance with the provisions of this Act, send to the Minister a copy of the audited financial statements, signed by the Chairman, together with a copy of the auditor’s report.

(2)

Where the Auditor-General is not the auditor of the Provisional Authority, a copy of the audited financial statements and any report made by the auditor shall be forwarded to the Auditor-General when they are submitted to the Provisional Authority.

(3)

The Minister shall as soon as practicable cause a copy of the audited financial statements and of the auditor’s report referred to in subsection (1) to be presented to Parliament.

Clause 16 — Provisional Mass Rapid Transit Authority Bill