COVID-19 Response (Further Management Measures) Legislation Act (No 2) 2020

If you need more information about this Act, please contact the administering agency: Department of the Prime Minister and Cabinet

Schedule 4 Treasury

s 3

Part 1 Crown Entities Act 2004

1 Amendment to Crown Entities Act 2004

This Part amends the Crown Entities Act 2004.

2 Section 156 amended (Audit report)

After section 156(2), insert:

Extension of time limits for 2019/20 financial year reports and audits: COVID-19

(3)

Despite the time limits in subsections (1)(a) and (2)(b), in relation to the financial year ending with 30 June 2020,—

(a)

the information specified in subsection (1)(a) must be forwarded to the Auditor-General no later than the close of 20 November 2020; and

(b)

the audit report referred to in subsection (2)(b) must be provided by the Auditor-General no later than the close of 18 December 2020.

(4)

Subsection (3), the heading above it, and this subsection are repealed at the close of 30 June 2021.

Part 2 Public Finance Act 1989

3 Amendments to Public Finance Act 1989

This Part amends the Public Finance Act 1989.

4 New section 19BA inserted (Extension of time limits for 2019/20 financial year information: COVID-19)

After section 19B, insert:

19BA Extension of time limits for 2019/20 financial year information: COVID-19

(1)

Despite the time limits in section 19B, in relation to the financial year ending with 30 June 2020, the information specified in section 19B(2) must be—

(a)

prepared as required by section 19B(2)(a) no later than the close of 21 December 2020; and

(b)

presented as required by section 19B(2)(b) no later than the close of 21 December 2020 or a later date allowed under section 19B(3); and

(c)

published as required by section 19B(4) as soon as practicable after it is presented, or, if section 19(3) applies, not later than the close of 21 December 2020.

(2)

This section is repealed at the close of 30 June 2021.

5 New section 26NAAA inserted (Extension of time limit for 2020 statement: COVID-19)

After section 26N, insert:

26NAAA Extension of time limit for 2020 statement: COVID-19

(1)

This section applies in relation to the statement on the long-term fiscal position that, but for this section, would be required to be prepared and presented under section 26N before 22 November 2020 (the 2020 statement).

(2)

Despite section 26N, the 2020 statement—

(a)

must be prepared and presented not later than the close of 30 September 2021; and

(b)

must relate to a period commencing with the 2020/21 financial year (even if it is prepared or presented after the end of that year).

(3)

This section is repealed on 1 October 2021.

6 New section 44A inserted (Extension of time limits for 2019/20 financial year: COVID-19)

After section 44, insert:

44A Extension of time limits for 2019/20 financial year: COVID-19

(1)

Despite the time limit in paragraph (b) of the definition of specified date in section 44(6), in relation to the financial year ending with 30 June 2020, the specified date for a department to which that paragraph applies is 31 October 2020.

(2)

This section is repealed at the close of 30 June 2021.

7 New section 45DA inserted (Extension of time limits for 2019/20 financial year reports and audits: COVID-19)

After section 45D, insert:

45DA Extension of time limits for 2019/20 financial year reports and audits: COVID-19

(1)

Despite the time limits in section 45D, in relation to the financial year ending with 30 June 2020,—

(a)

the statements and information specified in section 45D(1)(a) and (1A) must be forwarded to the Auditor-General not later than the close of 31 October 2020; and

(b)

the audit report referred to in section 45D(2)(b) must be provided by the Auditor-General not later than the close of 30 November 2020.

(2)

This section is repealed at the close of 30 June 2021.

Part 3 State-Owned Enterprises Act 1986

8 Amendment to State-Owned Enterprises Act 1986

This Part amends the State-Owned Enterprises Act 1986.

9 New section 15A inserted (Extension of time limit for 2019/20 financial year reports and audits: COVID-19)

After section 15, insert:

15A Extension of time limit for 2019/20 financial year reports and audits: COVID-19

(1)

Despite the time limit in section 15(1), in relation to the financial year ending with 30 June 2020, the information specified in section 15(1) must be delivered to the shareholding Ministers before the close of 30 November 2020.

(2)

This section is repealed at the close of 30 June 2021.