Victorian Consolidated Legislation

Audit Act 1994 - SECT 10

Audit fees

10. Audit fees



(1) An authority must pay to the Consolidated Fund an amount determined by the
Auditor-General to defray the reasonable costs and expenses incurred by or on
behalf of the Auditor-General in conducting an audit of the financial
statements of the authority and expressing an audit opinion on them under
section 9.

(2) The Minister who prepared the annual financial report must pay to the
Consolidated Fund an amount determined by the Auditor-General to defray the
reasonable costs and expenses incurred by the Auditor-General in conducting an
audit of the annual financial report and expressing an audit opinion on it
under section 9A.



(3) The Minister who prepared the estimated financial statements must pay to
the Consolidated Fund an amount determined by the Auditor-General to defray
the reasonable costs and expenses incurred by the Auditor-General in reviewing
the estimated financial statements and making a report on them under section
16B.

(4) If an authority or the Minister referred to in subsection (2) or (3)
disputes the reasonableness of an amount to be paid by the authority or
Minister under this section, the dispute is to be referred to arbitration
under the Commercial Arbitration Act 1984.