Auditor-General Act 2009
sec.34AAuditor-general must audit particular trusts
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sec.34A Auditor-general must audit particular trusts
The auditor-general must audit each trust subject to the control of 1 or more public sector entities. For subsection (1) , a trust is subject to control by 1 or more public sector entities if— the trustee of the trust is a public sector entity or 2 or more public sector entities; and 1 or more public sector entities collectively hold, directly or indirectly, interests in at least 50% of the trust or the assets of the trust. An audit of a trust under this section may be conducted as part of an audit of a public sector entity mentioned in subsection (2) . s 34A ins 2024 No. 3 s 12 (sec.34A-ssec.1) The auditor-general must audit each trust subject to the control of 1 or more public sector entities. (sec.34A-ssec.2) For subsection (1) , a trust is subject to control by 1 or more public sector entities if— the trustee of the trust is a public sector entity or 2 or more public sector entities; and 1 or more public sector entities collectively hold, directly or indirectly, interests in at least 50% of the trust or the assets of the trust. (sec.34A-ssec.3) An audit of a trust under this section may be conducted as part of an audit of a public sector entity mentioned in subsection (2) .
- (a) the trustee of the trust is a public sector entity or 2 or more public sector entities; and
- (b) 1 or more public sector entities collectively hold, directly or indirectly, interests in at least 50% of the trust or the assets of the trust.