Note 21: Events after the balance date

Due to the impacts of Covid-19, Parliament passed further legislation in July 2021 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. For further information on this event refer to the critical estimates and assumptions disclosed in Note 1, Statement of accounting policies: Critical accounting estimates and assumptions. There were no other significant events after balance date that required adjustment or disclosure in the financial statements.

(2020: After balance date, the Office received approval for $1.008 million in additional Crown funding for 2020/21 in the Statutory Auditor Function output class. This funding was sought on the basis of the underspending in this output class in 2019/20 and to allow for completion of work delayed due to Covid-19.)

There were no other significant events after the balance date.