Queensland Consolidated Acts

ELECTRICITY ACT 1994 - SECT 20N

Each audited statement under section 20M must--

(a) comply with the standards in the statements of accounting and auditing standards made by CPA Australia and the Institute of Chartered Accountants in Australia; and

(b) be prepared by a person (the auditor) who is--

(i) registered, or taken to be registered, as an auditor under the Corporations Act; or

(ii) a member of, and holds a practising certificate from CPA Australia, The Institute of Chartered Accountants in Australia or the National Institute of Accountants; and

(c) contain the auditor's opinion about whether the statement presents fairly the on-supplier's charges for the common area consumption during the period to which it relates, in accordance with the on-supplier's financial records; and

(d) compare each relevant estimate given under this division with the amount actually spent by the on-supplier on the common area consumption during the period; and

(e) compare the total amount actually spent by the on-supplier on common area consumption during the period with the amount actually paid for the period by anyone for the on-supplier's premises.