Australian Capital Territory Consolidated Acts Australian Capital Territory Consolidated Acts(1) The Auditor-General shall inspect and audit the accounts and records of the financial transactions of the commission and the records relating to the assets of, or in the custody of, the commission and shall draw the attention of the Minister to any irregularity disclosed by the inspection and audit that is, in the opinion of the Auditor-General, of sufficient importance to justify his or her doing so.
(2) The Auditor-General may, at his or her discretion, dispense with all or any part of the detailed inspection and audit of any accounts or records referred to in subsection (1).
(3) The Auditor-General shall, at least once in each year, report to the Minister the results of the inspection and audit carried out under subsection (1).
(4) In this section:
"assets" includes property held on trust.
"financial transactions "includes financial transactions involving or related
to money or property held on trust.