sec.32Exemption of foreign-based controlled entities and other controlled entities from audit by auditor-general

sec.32 Exemption of foreign-based controlled entities and other controlled entities from audit by auditor-general

A controlled entity may be audited by an auditor approved by the auditor-general if 1 or more of the following apply— the controlled entity is based in or has significant operations in a country other than Australia; the controlled entity is legally obliged to be audited under a law of a country other than Australia; the controlled entity operates in cooperation with, or in a corporate group with— other public sector entities that have been exempted from being audited by the auditor-general under section 30A ; or other public sector entities that have been exempted from being audited by the auditor-general under a regulation made under section 31 ; or other controlled entities that have been exempted from being audited by the auditor-general under paragraph (a) , (b) or (d) ; preparation of the audit for the controlled entity would require specialist skills. The controlled entity exempted under subsection (1) must give any audit report in relation to the controlled entity to the auditor-general as soon as reasonably practicable after the audit report has been received by the controlled entity. s 32 amd 2011 No. 24 s 14 (sec.32-ssec.1) A controlled entity may be audited by an auditor approved by the auditor-general if 1 or more of the following apply— the controlled entity is based in or has significant operations in a country other than Australia; the controlled entity is legally obliged to be audited under a law of a country other than Australia; the controlled entity operates in cooperation with, or in a corporate group with— other public sector entities that have been exempted from being audited by the auditor-general under section 30A ; or other public sector entities that have been exempted from being audited by the auditor-general under a regulation made under section 31 ; or other controlled entities that have been exempted from being audited by the auditor-general under paragraph (a) , (b) or (d) ; preparation of the audit for the controlled entity would require specialist skills. (sec.32-ssec.2) The controlled entity exempted under subsection (1) must give any audit report in relation to the controlled entity to the auditor-general as soon as reasonably practicable after the audit report has been received by the controlled entity.

• (a) the controlled entity is based in or has significant operations in a country other than Australia;
• (b) the controlled entity is legally obliged to be audited under a law of a country other than Australia;
• (c) the controlled entity operates in cooperation with, or in a corporate group with— (i) other public sector entities that have been exempted from being audited by the auditor-general under section 30A ; or (ii) other public sector entities that have been exempted from being audited by the auditor-general under a regulation made under section 31 ; or (iii) other controlled entities that have been exempted from being audited by the auditor-general under paragraph (a) , (b) or (d) ;