8Delegation

8 Delegation

(1) The Auditor-General may, by instrument, delegate to a person employed in the Victorian Auditor-General's Office or to a registered company auditor any function or power of the Auditor-General other than—

(a) the power to express an audit opinion under section 12; or

(b) the power to make a report under section 19, 56, 57 or 60; or

(c) this power of delegation.

(2) The Auditor-General, by instrument, may delegate to a registered company auditor who is not employed in the Victorian Auditor-General's Office the power to express an audit opinion under section 11 on the financial statements of a public body only if the total expenditure disclosed in those financial statements does not exceed the threshold amount.

(3) The Auditor-General cannot delegate any function or power to a person who holds an appointment under section 82.

(4) For the purposes of subsection (2), the threshold amount is—

(a) for financial statements in respect of the financial years, or any part of the financial years, commencing on 1 July 2017 and 1 July 2018—$10 000 000;

(b) for financial statements in respect of a subsequent financial year, or any part of a subsequent financial year—the amount determined in accordance with the formula—

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where—

A is the all groups consumer price index for Melbourne in original terms for the reference period in which falls the March quarter of the previous financial year last published by the Australian Bureau of Statistics as at 15 June in the previous financial year;

B is the all groups consumer price index for Melbourne published by the Australian Statistician in respect of the quarter ending on 31 March 2018.

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