WHEAT MARKETING ACT 1989No. 58, 1989 - SECT 67 Application of Division 2 of Part XI of Audit Act

WHEAT MARKETING ACT 1989No. 58, 1989 - SECT 67

67. (1) The Board is a public authority to which Division 2 of Part XI of the
Audit Act 1901 applies.

(2) Division 2 of Part XI of the Audit Act 1901 applies to the Board:

   (a)  as if the reference in subsection 63D (1) of that Act to an approved
        bank or approved banks included a reference to the Reserve Bank of
        Australia;

   (b)  as if sections 63E and 63H were omitted; and

   (c)  where an auditor has been appointed under section 68-as if references
        in section 63G of that Act to the Auditor-General were references to
        the auditor so appointed.

(3) In spite of section 63F of the Audit Act 1901, the Board may keep its
accounting records relating to dealings in wheat in a way that will, in the
Board's opinion, attribute costs and revenues to wheat of different seasons
and pools in an equitable manner.

(4) Costs and revenues so attributed to wheat of a season or forming part of a
pool shall be regarded as relating to wheat of that season or wheat forming
part of that pool, as the case may be.

(5) In spite of section 63F of the Audit Act 1901, the Board shall keep
separate accounting records relating to money of the Fund.

(6) For the purposes of this Act, a reference in Division 2 of Part XI of the
Audit Act 1901 to the appropriate Minister is a reference to the Minister
administering this Act.

(7) For the purposes of the application of Division 2 of Part XI of the
Audit Act 1901:

   (a)  a reference to the Board includes a reference to a company that is a
        subsidiary of the Board; and

   (b)  the question whether a company is a subsidiary of the Board shall be
        determined in the same way as the question whether a corporation is a
        subsidiary of another corporation is determined by the purposes of the
        Companies Act 1981.