(a) for an entity (or entity of a kind) prescribed
by the regulations as an entity to which this Division applies--the financial
report of the entity and the books and records of financial transactions of or
relating to--
(ii) assets of or in the custody of the
entity, or
(b) for an entity having the control or management of a fund or
account (or fund or account of a kind) prescribed by the regulations as a fund
or account to which this Division applies--the financial report of the entity
and the books and records of financial transactions of or relating to the fund
or account under the control or management of the entity.
(3) The Auditor-General is to include a reference to any audit
conducted under this section in the report referred to in section 52 (1).
(4)
The prescribed entity must pay to the Auditor-General such amounts, at such
times, as the Treasurer decides towards defraying the costs and expenses of
any such inspection and audit.