(1) The Secretary may direct an
association to cause the whole or any specified part of an association's
financial records to be audited, and an auditor's report lodged with the
Secretary, within a specified time.
(2) Such a direction may be given
regardless of whether the financial records have previously been audited.
(3)
An association to which such a direction is given must ensure that the
direction is complied with.
: Maximum penalty--5 penalty units.
(4) An
auditor's report under this section must state whether the association's
financial records--
(a) have been properly kept, and
(b) give a true and fair
view of the association's affairs.
