21Additional scope of assurance reviews in relation to the use of a financial benefit or property

21 Additional scope of assurance reviews in relation to the use of a financial benefit or property (1) The Auditor-General may conduct any assurance review 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. Pt 6 (Heading and ss 22, 23) amended by Nos 93/1997 ss 22, 23, 53/1999 ss 20–22, 9/2000 s. 8, 36/2003 s. 24, 108/2004 s. 117(1) (Sch. 3 item 17.2), 82/2012 s. 196, 30/2016 s. 101, substituted as Pt 6 (Heading and ss 22–28) by No. 12/2019 s. 9.