Victorian Consolidated Legislation

Co-operative Housing Societies Act 1958 - SECT 44B

Auditor to submit report

44B. Auditor to submit report





(1) The Registrar may by notice in writing require the auditor of a society to
submit a report to the Registrar in respect of the period specified in the
notice stating the auditor's opinion as to-

   (a)  whether or not the information provided by the society in its returns
        is accurate; and

   (b)  whether or not the society is complying with Divisions 3 and 4 of this
        Part.

(2) The auditor must submit the report within 60 days of the end of the period
specified in the notice.

(3) The Registrar may by notice in writing require a society or its auditor to
provide further information in relation to any matter contained in or arising
out of the auditor's report or any other information which the Registrar
considers is relevant.

(4) A society or an auditor of a society must provide the information within
the period specified by the Registrar in the notice.



(5) If a society does not comply with subsection (4), each officer of the
society is guilty of an offence.

(6) The penalty for an offence under subsection (4) or (5) is a penalty of not
more than 100 penalty units and a daily penalty of not more than 10 penalty
units for each day during which the default continues.

Division 6-Directions of Registrar