Commonwealth Numbered Acts

WEIGHTS AND MEASURES (NATIONAL STANDARDS) AMENDMENT ACT 1978 No. 158 of 1978 - SECT 9

9. After section 18A of the Principal Act the following Part and heading are
inserted:

                               ''PART  V-FINANCE
Moneys payable to Commission
''18B. (1) There are payable to the Commission such moneys as are appropriated
by the Parliament for the purposes of this Act.

''(2) The Minister for Finance may give directions as to the amounts in which,
and the times at which, moneys referred to in sub-section (1) are to be paid
to the Commission. Bank accounts
''18C. (1) The Commission may open and maintain an account or accounts with an
approved bank or approved banks and shall maintain at all times at least one
such account.

''(2) The Commission shall pay all moneys received by it into an account
referred to in this section.

''(3) In this section, 'approved bank' means the Reserve Bank of Australia or
another bank for the time being approved by the Treasurer. Application of
moneys
''18D. The moneys of the Commission shall be applied only-

   (a)  in payment or discharge of the costs, expenses and other obligations
        of the Commission under this Act; and

   (b)  in payment of remuneration and allowances payable to any person under
        this Act. Estimates of receipts and expenditure
''18E. (1) The Commission shall prepare estimates, in such form as the
Minister directs, of its receipts and expenditure for each financial year and,
if the Minister so directs, for any other period specified by the Minister,
and the Commission shall submit estimates so prepared to the Minister not
later than such date as the Minister directs.

''(2) The moneys of the Commission shall not be expended otherwise than in
accordance with estimates of expenditure approved by the Minister. Contracts
''18F. The Commission shall not, except with the approval of the Minister,
enter into a contract involving the payment or receipt by the Commission of an
amount exceeding $50,000 or, if a higher amount is prescribed, that higher
amount. Proper accounts to be kept
''18G. The Commission shall cause to be kept proper accounts and records of
the transactions and affairs of the Commission and shall do all things
necessary to ensure that all payments out of its moneys are correctly made and
properly authorized and that adequate control is maintained over the assets
of, or in the custody of, the Commission and over the incurring of liabilities
by the Commission. Audit
''18H. (1) The Auditor-General shall inspect and audit the accounts and
records of financial transactions of the Commission and records relating to
assets of, or in the custody of, the Commission, and shall forthwith 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, in 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 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 Commission relating directly or indirectly to the receipt or
payment of moneys by the Commission or to the acquisition, receipt, custody or
disposal of assets by the Commission.

''(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 requirement.

''(7) A person who contravenes sub-section (6) is guilty of an offence
punishable, upon conviction, by a fine not exceeding $200.

                          ''PART  VI-MISCELLANEOUS''.