Commonwealth Numbered Acts

AUSTRALIAN HORTICULTURAL CORPORATION ACT 1987 No. 164 of 1987 - SECT 56

56. (1) The Corporation auditor shall:

   (a)  inspect and audit:

        (i)    the accounts and records of financial transactions of the
               Corporation; and

        (ii)   the records relating to assets of, or in the custody of, the
               Corporation; and

   (b)  forthwith draw the Minister's attention to any irregularity disclosed
        by the inspection and audit that, in the opinion of the
        Corporation auditor, is of sufficient importance to justify doing so.

(2) The Corporation auditor may dispense with all or a part of the detailed
inspection and audit of any accounts or records referred to in paragraph (1)
(a).

(3) The Corporation auditor shall, at least once in each financial year,
report to the Minister the results of the inspection and audit carried out
under paragraph (1) (a).

(4) An authorised auditor is entitled, at all reasonable times, to full and
free access to all accounts, records and other documents of the Corporation,
being accounts, records and other documents relating directly or indirectly
to:

   (a)  the receipt or payment of money by the Corporation; or

   (b)  the acquisition, receipt, custody or disposal of assets by the
        Corporation.

(5) An authorised auditor may make copies of, or take extracts from, any
accounts, records or other documents referred to in subsection (4).

(6) An authorised auditor may require any person to give such information in
the possession of the person, or to which the person has access, as the
authorised auditor considers necessary for the purposes of the functions of
the Corporation auditor under this Act.

(7) A person who contravenes a requirement under subsection (6) is guilty of
an offence punishable, on conviction, by a fine not exceeding:

   (a)  if the person is a natural person-$1,000; or

   (b)  if the person is a body corporate-$5,000.