Victorian Consolidated Legislation

Audit Act 1994 - SECT 24

Audit Victoria

24. Audit Victoria



(1) On the commencement day-

   (a)  Audit Victoria is abolished and the members of its board of directors
        go out of office;



   (b)  all rights, property and assets that, immediately before that day,
        were vested in Audit Victoria are, by force of this paragraph, vested
        in the State;

   (c)  all debts, liabilities and obligations of Audit Victoria existing
        immediately before that day become, by force of this paragraph, debts,
        liabilities and obligations of the State;

   (d)  the Auditor-General, on behalf of the State, is, by force of this
        paragraph, substituted as a party to any proceeding pending in any
        court or tribunal to which Audit Victoria was a party immediately
        before that day;

   (e)  the Auditor-General, on behalf of the State, is, by force of this
        paragraph, substituted as a party to any arrangement or contract
        entered into by or on behalf of Audit Victoria as a party and in force
        immediately before that day;

   (f)  any reference to Audit Victoria in any Act (other than this Act) or in
        any rule, regulation, order, agreement, instrument, deed or other
        document whatever must, so far as it relates to any period on or after
        that day and if not inconsistent with the context or subject-matter,
        be construed as a reference to the Auditor-General.

(2) Any audit under this or any other Act that had been commenced but not
completed by Audit Victoria before the commencement day, may be completed by
the Auditor-General or a person authorised by the Auditor-General in that
behalf and, for that purpose, the Auditor-General or person authorised has all
of the powers that Audit Victoria had in respect of the audit.

(3) A person is not entitled to any compensation as a result of ceasing to be
a member of the board of directors of Audit Victoria by virtue of this
section.