West End Development Corporation Amendment Act 2022

What this bill does

This bill changes the deadlines and procedures for the West End Development Corporation's financial reporting. It gives the corporation more time to submit its financial statements and changes when it must provide its annual report to the government.

If passed (voted YES)

• The West End Development Corporation gets 6 months instead of 3 months to send its financial statements to the Minister and Auditor after each financial year ends
• The government auditor must now send a copy of their audit report directly to the corporation itself
• The corporation's annual report to the Minister will be due "as soon as possible" after receiving the auditor's report, rather than within a fixed 6-month deadline

If rejected (voted NO)

• The corporation must continue submitting financial statements within the current 3-month deadline
• The auditor would not be required to send their report to the corporation
• The corporation would still have to submit its annual report within 6 months of the financial year end, regardless of when they receive the auditor's report

Who it affects

This primarily affects the West End Development Corporation and government officials who oversee its operations. The general public may experience slightly longer waits for the corporation's financial information to become available.