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CORPORATIONS ACT 2001 - SECT 990I Auditor's right of access to records, information etc.

CORPORATIONS ACT 2001 - SECT 990I

Auditor's right of access to records, information etc.

  (1)   An auditor of the licensee has a right of access at all reasonable times to the financial records or other records (including any register) of the licensee.

  (2)   An auditor of the licensee is entitled to require:

  (a)   from the licensee; or

  (b)   if the licensee is a body corporate--from any director, secretary or senior manager of the licensee;

such assistance and explanations as the auditor desires for the purposes of audit.

  (3)   The licensee, or a director, secretary or senior manager of the licensee if it is a body corporate, must not:

  (a)   refuse or fail to allow an auditor of the licensee access, in accordance with subsection   (1), to financial records or other records of the licensee; or

  (b)   refuse or fail to give assistance, or an explanation, to an auditor of the licensee as and when required under subsection   (2); or

  (c)   otherwise hinder, obstruct or delay an auditor of the licensee in the performance or exercise of the auditor's duties or powers.

Note:   Failure to comply with this subsection is an offence (see subsection   1311(1)).

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