New South Wales Consolidated Acts

WEST SCHOLARSHIPS ACT 1930 - SECT 12

12 Audit of accounts

(1) The West Scholarships Trustees shall cause to be kept proper accounts and records in relation to the Fund and the administration of the West Scholarship Scheme.

(2) The accounts and records of financial transactions of, or relating to, the Fund and the administration of the West Scholarship Scheme, and the records of, or relating to, assets of or in the custody of the West Scholarships Trustees, may, if a registered company auditor (within the meaning of the Corporations Act 2001 of the Commonwealth) is appointed by the Minister for the purpose, be inspected and audited by the auditor.

(3) The auditor shall report to the Minister as to the result of any such inspection and audit and as to such irregularities or other matters as in the judgment of the auditor call for special notice.

(4) The West Scholarships Trustees shall pay the costs and expenses of any such inspection and audit.