About APPROVED

www.jenman.com
1800 1800 18

Independent Audit Report

To the members of
HOMESELLERS AND HOMEBUYERS
PROTECTION FUND LIMITED

Scope

I have audited the attached financial statements, being a special purpose financial report, of the Homesellers and Homebuyers Protection Fund Limited for the year ended 30 June 2004. The Directors of the Company 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 directors’ 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.


Audit Opinion

In my opinion, the financial statements of the Homesellers and Homebuyers Protection Fund Limited for the year ended 30 June 2002 are properly drawn up:

(a) so as to give a true and fair view, in accordance with the accounting policies used, of the matters required by Divisions 4, 4A and 4B of Part 3.6 of the Corporations Law to be dealt with in the financial statements;

(b) in accordance with the provisions of the Corporations Law; and

(c) in accordance with applicable Accounting Standards.



25 August 2004  
PO Box 2433  
NORTH PARRAMATTA JOHN HOWARD STOREY CPA
NSW 1750 Registered Company Auditor



Top of page
Top of page