Victorian Consolidated Legislation

Aboriginal Lands Act 1970 - SECT 19

Auditor

19. Auditor



(1) A Trust shall-

   (a)  at its first general meeting appoint a person being a registered
        company auditor to be its auditor; and

   (b)  at any annual general meeting, if there is a vacancy in the office of
        auditor, appoint a person being a registered company auditor to fill
        the vacancy.

(2) A person shall not act as auditor of a Trust if he is an officer or
employé of the Trust.

(3) An auditor of a Trust shall hold office until he-

   (a)  dies;

   (b)  resigns his office by writing under his hand addressed to the Chairman
        of the Trust;

   (c)  ceases to be a registered company auditor; or

   (d)  is removed from office by a resolution of which special notice is
        given passed at a general meeting of the Trust.

(4) Within three months after a vacancy occurs in the office of auditor, the
committee of management shall (unless a person has been appointed at an annual
general meeting to fill the vacancy) appoint a person to fill the vacancy.

(5) The Trust shall pay any reasonable fees and expenses of the auditor.

(6) The auditor shall report in writing to the members on the accounts
examined by him and on any balance-sheet and profit and loss account laid
before an annual general meeting of the Trust during his term of office, and
his report shall state in particular-

   (a)  whether, in his opinion, the books of account and register of members
        required to be kept by the Trust have been properly kept;

   (b)  whether, in his opinion, the balance-sheet, profit and loss account
        and the report of the committee of management annexed to them give a
        true and fair view of the state of affairs of the Trust at the end of
        the financial year and of its activities during the financial year;
        and

   (c)  whether he has obtained all the information and explanations that he
        has required.

(7) The auditor shall be entitled to access to the records of the Trust at all
times, and to require from officers and employés of the Trust such information
concerning, and explanation of, any matter as he thinks fit.

(8) The auditor shall be entitled to receive all such notices relating to any
general meeting of the Trust as members are entitled to receive, and to attend
any such general meeting and be heard at it on any part of the business of the
meeting which concerns him in his capacity as auditor.