AUDITOR GENERAL ACT 2006 - SECT 16
AUDITOR GENERAL ACT 2006 - SECT 16
16 . Audits of accounts of certain subsidiary bodies
(1) In this section
—
foreign subsidiary means a subsidiary body that is
—
(a) a
company within the meaning of the Corporations Act that is not taken to be
registered in this State; or
(b)
otherwise formed or incorporated under the law of another State or a Territory
or of a place other than a State or Territory;
local subsidiary means any subsidiary body that is
not a foreign subsidiary.
(2) If an agency has a
local subsidiary that has power to appoint an auditor, the agency must
exercise its control over the local subsidiary so as to ensure that the local
subsidiary appoints the Auditor General as its auditor.
(3) The Auditor
General is to audit the accounts and financial statements of a local
subsidiary that has appointed the Auditor General as its auditor under
subsection (2).
(4) For the purposes
of subsection (3) the Auditor General may accept appointment under the
Corporations Act as the auditor of a local subsidiary.
(5) For the purposes
of performing an audit of a local subsidiary referred to in subsection (2),
the powers and duties conferred and imposed on the Auditor General under this
Act are in addition to the powers and duties conferred and imposed under the
Corporations Act or any other written law in relation to the audit.
(6) If an agency has a
foreign subsidiary that has power to appoint an auditor the agency must
exercise its control over the foreign subsidiary so as to ensure that —
(a) the
foreign subsidiary appoints as its auditor a person nominated by the Auditor
General; and
(b) the
person appointed as auditor carries out such audits, and makes such reports to
the accountable authority of the agency, as the Auditor General requests.
(7) The accountable
authority of the agency must transmit any report received under subsection
(6)(b) to the Auditor General.