Territory Stories

February 2008 report to the Legislative Assembly

Details:

Title

February 2008 report to the Legislative Assembly

Collection

Report to the Legislative Assembly; Reports; PublicationNT

Date

2008

Description

Made available via the Publications (Legal Deposit) Act 2004 (NT).

Notes

Date:2008-02

Language

English

Subject

Northern Territory. Auditor-General's Office -- Periodicals; Finance, Public -- Northern Territory -- Accounting -- Periodicals; Northern Territory -- Appropriations and expenditures -- Periodicals

Publisher name

Northern Territory Auditor-General's Office

Place of publication

Darwin

ISSN

1323-7128

Copyright owner

Check within Publication or with content Publisher.

Parent handle

https://hdl.handle.net/10070/223559

Citation address

https://hdl.handle.net/10070/686148

Page content

Auditor-General for the Northern Territory February 2008 Report 159 Territory Motor Sports Board Ltd Audit findings and Analysis of the financial statements for the year ended 30 June 2007 Background The Territory Motor Sports Board Ltd (the Company) is limited by guarantee, with the Minister for Sport and Recreation being the sole guarantor. The Company was established to manage, operate, control and further develop the Hidden Valley motor sports complex for the benefit of motor sports in the Territory. The Company took over the assets of the Northern Territory Motor Sports Council Inc on 1 January 2001. The Auditor-General was first appointed auditor of the Company for 2003-04. The company has ceased to trade from 30 September 2006 with the business of the Company transferred to the Department of Local Government, Housing and Sport. Audit Opinion The audit of Territory Motor Sports Board Ltd for the year ended 30 June 2007 resulted in an unqualified independent audit opinion, which was issued on 27 November 2007. Key issues The audit did not identify any matters of significance and no material weaknesses in controls were identified.


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