Victorian Consolidated Legislation

Audit Act 1994 - SECT 7G

Delegation

7G. Delegation





(1) The Auditor-General may, by instrument, delegate to a person employed in
the Victorian Auditor-General's Office or to a registered company auditor any
function or power of the Auditor-General other than-

   (a)  the power to express an audit opinion under section 9A; or



   (b)  the power to make a report under section 16, 16A or 16B; or



   (c)  this power of delegation.



(2) The Auditor-General may delegate to a registered company auditor who is
not employed in the Victorian Auditor-General's Office the power to express an
audit opinion under section 9 on the financial statements of an authority only
if the total expenditure disclosed in those financial statements does not
exceed the threshold amount.

(2A) The Auditor-General cannot delegate any function or power to a person who
holds an appointment under section 19.

(3) For the purposes of subsection (2), the threshold amount is-

   (a)  for financial statements in respect of the financial years, or any
        part of the financial years, commencing on 1 July 2002 and 1 July
        2003-$5 000 000;

   (b)  for financial statements in respect of a subsequent financial year, or
        any part of a subsequent financial year-the amount determined in
        accordance with the formula-

where-
A is the all groups consumer price index for Melbourne published by the
Australian Statistician in respect of the March quarter of the previous
financial year;
B is the all groups consumer price index for Melbourne published by the
Australian Statistician in respect of the quarter ending on 31 March 2003.



(4) In this section-

registered company auditor has the same meaning as in the Corporations Act.