15Additional scope of performance audits in relation to the use of a financial benefit or property

15 Additional scope of performance audits in relation to the use of a financial benefit or property

(1) The Auditor-General may conduct any performance audit the Auditor-General considers necessary to determine whether a financial benefit or property specified in subsection (2) has been used effectively, economically and efficiently for the particular purpose for which it was given.

(2) For the purposes of subsection (1), the following are specified—

(a) a financial benefit given to an associated entity by a public body for a particular purpose;

(b) a financial benefit given to an entity (that is not a public body) by a public body for a particular purpose and the financial benefit is not given on commercial terms;

(c) property given to an associated entity by a public body for a particular purpose;

(d) property given to an entity (that is not a public body) by a public body for a particular purpose and the property is not given on commercial terms;

(e) property of an associated entity and where a public body provides a financial benefit for a particular purpose in relation to that property;

(f) property of an associated entity in which a public body holds a security interest for a particular purpose.

Example

An example of a financial benefit or property that is not given on commercial terms is a payment made by a public body to an entity that is not obliged to provide goods or services of approximately equal value directly back to the public body in return.

(3) A performance audit under this section is limited to considering the objectives and particular issues (if any) specified in—

(a) the final specification; or

(b) if the final specification is amended, the amended specification.

New s. 16 inserted by No. 12/2019 s. 9.