CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 201.170 Questions by members of auditors at AGM

CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 201.170

  (1)   If an Aboriginal and Torres Strait Islander corporation's auditor (if any) or the auditor's representative is at an AGM, the chair of the meeting must allow a reasonable opportunity for the members as a whole at the meeting to ask the auditor or the auditor's representative questions relevant to:

  (a)   the conduct of the audit; and

  (b)   the preparation and content of the auditor's report; and

  (c)   the accounting policies adopted by the corporation in relation to the preparation of the financial statements; and

  (d)   the independence of the auditor in relation to the conduct of the audit.

Penalty:   5 penalty units.

  (2)   An offence against subsection   (1) is an offence of strict liability.

Note:   For strict liability , see section   6.1 of the Criminal Code .