Commonwealth Consolidated Acts

COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997 - SECT 35

             (1)  The Auditor‑General is, in relation to each Commonwealth company, either:

                     (a)  to be the auditor of the company under the Corporations Act 2001 ; or

                     (b)  if someone else is the company's auditor--to give a report on the company's financial statements (see subsection 36(2)).

             (2)  The Auditor‑General is to audit the financial statements of each subsidiary of a Commonwealth company (there are exceptions to this--see subsection 37(4)).

Note:          If the Auditor‑General is not the subsidiary's auditor, this means that the Auditor‑General has to do an audit of the statements in addition to that done by the subsidiary's auditor.