Commonwealth Numbered Acts

CANBERRA COLLEGE OF ADVANCED EDUCATION AMENDMENT ACT 1979 No. 191 of 1979 - SECT 8

8. Sections 29 and 30 of the Principal Act are repealed and the following
sections substituted: Audit
''29. (1) The Auditor-General shall inspect and audit the accounts and records
of financial transactions of the College and records relating to assets of, or
in the custody of, the College and shall forthwith draw the attention of the
Council, and may 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 so doing.

''(2) The Auditor-General may, at his discretion, dispense with all or any
part of the detailed inspection and audit of any accounts or records referred
to in sub-section (1).

''(3) The Auditor-General shall, at least once in each year, report to the
Minister and to the Council the results of the inspection and audit carried
out under sub-section (1).

''(4) The Auditor-General or a person authorized by him is entitled at all
reasonable times to full and free access to all accounts, records, documents
and papers of the College relating directly or indirectly to the receipt or
payment of moneys by the College or to the acquisition, receipt, custody or
disposal of assets by the College.

''(5) The Auditor-General or a person authorized by him may make copies of, or
take extracts from, any such accounts, records, documents or papers.

''(6) The Auditor-General or a person authorized by him may require any person
to furnish him with such information in the possession of the person or to
which the person has access as the Auditor-General or authorized person
considers necessary for the purposes of the functions of the Auditor-General
under this Act, and the person shall comply with the requirements.

''(7) A person who contravenes sub-section (6) is guilty of an offence
punishable, upon conviction, by a fine not exceeding $200. Taxation
''29A. (1) Subject to sub-section (2), the College is not subject to taxation
under the laws of the Commonwealth or of a State or Territory.

''(2) The Governor-General may make regulations providing that sub-section (1)
does not apply in relation to taxation under a specified law. Reports
''30. (1) The Council shall, as soon as practicable after each 31 December,
prepare and transmit to the Minister a report of the operations of the College
during the year ended on that date, together with financial statements in
respect of that year in such form as the Minister for Finance approves.

''(2) Before transmitting financial statements to the Minister, the Council
shall submit them to the Auditor-General, who shall report to the Minister and
to the Council-

   (a)  whether, in his opinion, the statements are based on proper accounts
        and records;

   (b)  whether the statements are in agreement with the accounts and records;

   (c)  whether, in his opinion, the receipt, expenditure and investment of
        moneys, and the acquisition and disposal of assets, by the College
        during that year have been in accordance with this Act; and

   (d)  as to such other matters arising out of the statements as the
        Auditor-General considers should be reported to the Minister.

''(3) The Minister shall cause copies of the report and financial statements
of the College, together with a copy of the report of the Auditor-General, to
be laid before each House of the Parliament within 15 sitting days of that
House after their receipt by the Minister.''.
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