I have audited the attached financial statements, being a
special purpose financial report, of the Consumer
Protection Fund for the year ended 30 June 2002.
The trustees of the fund are responsible for the preparation
and presentation of the financial statements and the information
contained therein, and have determined that the accounting
policies used are appropriate to meet the requirements of
the Corporations Law and are appropriate to meet the needs
of the members. I have conducted an independent audit of the
financial statements in order to express an opinion to the
members of Homesellers and Homebuyers Protection Fund
Limited on their preparation and presentation. No
opinion is expressed as to whether the accounting policies
used are appropriate to the needs of the members.
The financial statements have been prepared for distribution
to members for the purpose of fulfilling the trustees’
financial reporting requirements. I disclaim any assumption
of responsibility for any reliance on this report or on the
financial statements to which it relates to any person other
than the members, or for any purpose other than that for which
it was prepared.
My audit has been conducted in accordance with Australian
Auditing Standards. My procedures included examination, on
a test basis, of evidence supporting the amounts and other
disclosures in the financial statements and the evaluation
of significant accounting estimates. These procedures have
been undertaken to form an opinion as to whether, in all material
respects, the financial statements are presented fairly in
accordance with the accounting policies used. These policies
do not require the application of all Statements of Accounting
Concepts and Accounting Standards.
The audit opinion expressed in this report has been formed
on the above basis.