LOCAL GOVERNMENT ACT 1995 - SECT 7.1A
LOCAL GOVERNMENT ACT 1995 - SECT 7.1A
7.1A . Audit committee
(1) A local government
is to establish an audit committee of 3 or more persons to exercise the powers
and discharge the duties conferred on it.
(2) The members of the
audit committee of a local government are to be appointed* by the local
government and at least 3 of the members, and the majority of the members, are
to be council members.
* Absolute majority required.
(3) A CEO is not to be
a member of an audit committee and may not nominate a person to be a member of
an audit committee or have a person to represent the CEO as a member of an
audit committee.
(4) An employee is not
to be a member of an audit committee.
[Section 7.1A inserted: No. 49 of 2004 s. 5;
amended: No. 5 of 2017 s. 11.]