Thursday, 8 July 2021, 3:40 pm
Parliament has passed the Bill to extend by two months
the statutory reporting time frames in the Crown Entities
Act 2004 and the Local Government Act 2002. The extensions
apply to Crown entities and organisations listed in
Schedules 4 and 4A of the Public Finance Act 1989 and local
authorities and council-controlled organisations with 30
June balance dates.
Last year, all reporting time
frames for public organisations with a 30 June balance date
needed to be extended. This was because of the way Covid-19
affected many of those organisations’ ability to prepare
their financial statements (and performance information) and
affected our ability to carry out the annual audits. This