Victorian Consolidated Legislation

Audit Act 1994 - SECT 3

Definitions

3. Definitions

In this Act- annual financial report means the report prepared under
section 24 of the Financial Management Act 1994 for a financial year;

audit includes examination and inspection;

Auditor-General means the Auditor-General appointed under section 94A of the
Constitution Act 1975;



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authority means-

   (a)  a department;

   (b)  a public body;

   (c)  an entity (other than a department or public body) of which the State
        or a public body has control;

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business day means a day other than a Saturday, a Sunday or a public holiday
appointed under the Public Holidays Act 1993;

control, in relation to an entity or company, has the same meaning as in the
accounting standard that applies for the purpose of deciding whether a company
has to prepare consolidated financial statements under the Corporations Act;

department has the same meaning as in section 4 of the
Public Administration Act 2004;





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entity has the same meaning as in the accounting standard that applies for the
purpose of deciding whether a company has to prepare consolidated financial
statements under the Corporations Act;

estimated financial statements means estimated financial statements prepared
under section 23H of the Financial Management Act 1994;

independent auditor means a person appointed under section 17 as an
independent auditor of the Victorian Auditor-General's Office;



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Parliamentary Committee means the Public Accounts and Estimates Committee
under the Parliamentary Committees Act 2003;



performance audit means-

   (a)  in relation to the Auditor-General or the Victorian Auditor-General's
        Office, an audit conducted under section 19;

   (b)  in any other case, an audit conducted under section 15;

public body means-

   (a)  a public statutory authority; or

   (b)  a State owned enterprise within the meaning of the
        State Owned Enterprises Act 1992; or

   (c)  a corporation, all the shares in which are owned by or on behalf of
        the State, whether directly or indirectly; or

   (d)  a trustee of a trust of which the State is the principal beneficiary;
        or

   (e)  a person or body prescribed for the purposes of this definition; or

   (f)  a municipal council; or

   (g)  a corporation, all the shares in which are owned by or on behalf of
        one or more municipal councils, whether directly or indirectly; or

   (h)  a trustee of a trust of which a municipal council is the principal
        beneficiary or of which several municipal councils are the principal
        beneficiaries; or

   (i)  a regional library under section 196 of the Local Government Act 1989;

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Victorian Auditor-General's Office means the office in respect of which the
Auditor-General has the functions of public service body Head under section 16
of the Public Administration Act 2004.