sec.56ABasic rates of fees

sec.56A Basic rates of fees

The auditor-general may decide the basic rates of fees for section 56 . In deciding the basic rates of fees, the auditor-general must have regard to— the reasonable costs that may be incurred for conducting an audit; and amounts ordinarily charged for conducting an audit by entities that provide audit services. The auditor-general may increase the basic rates of fees once each financial year, with the approval of the parliamentary committee. The auditor-general must include the reasons for a proposed increase in the basic rates of fees for a financial year when seeking the parliamentary committee’s approval for the increase. For deciding whether or not to approve a proposed increase in the basic rates of fees for a financial year, the parliamentary committee may— have regard to the government indexation rate for the financial year; and obtain, and have regard to, advice from the Treasurer about the proposed increase. As soon as practicable after deciding to approve or not approve a proposed increase in the basic rates of fees for a financial year, the parliamentary committee must prepare a report to the Legislative Assembly stating— whether or not the parliamentary committee approved the increase; and the reasons for the parliamentary committee’s decision, including, details about whether the parliamentary committee considered either of the following in making the decision— the government indexation rate for the financial year; advice obtained from the Treasurer about the proposed increase. In this section— government indexation rate , for a financial year, means the government indexation rate for fees and charges published in the State budget for the financial year. s 56A ins 2022 No. 33 s 20 (sec.56A-ssec.1) The auditor-general may decide the basic rates of fees for section 56 . (sec.56A-ssec.2) In deciding the basic rates of fees, the auditor-general must have regard to— the reasonable costs that may be incurred for conducting an audit; and amounts ordinarily charged for conducting an audit by entities that provide audit services. (sec.56A-ssec.3) The auditor-general may increase the basic rates of fees once each financial year, with the approval of the parliamentary committee. (sec.56A-ssec.4) The auditor-general must include the reasons for a proposed increase in the basic rates of fees for a financial year when seeking the parliamentary committee’s approval for the increase. (sec.56A-ssec.5) For deciding whether or not to approve a proposed increase in the basic rates of fees for a financial year, the parliamentary committee may— have regard to the government indexation rate for the financial year; and obtain, and have regard to, advice from the Treasurer about the proposed increase. (sec.56A-ssec.6) As soon as practicable after deciding to approve or not approve a proposed increase in the basic rates of fees for a financial year, the parliamentary committee must prepare a report to the Legislative Assembly stating— whether or not the parliamentary committee approved the increase; and the reasons for the parliamentary committee’s decision, including, details about whether the parliamentary committee considered either of the following in making the decision— the government indexation rate for the financial year; advice obtained from the Treasurer about the proposed increase. (sec.56A-ssec.7) In this section— government indexation rate , for a financial year, means the government indexation rate for fees and charges published in the State budget for the financial year.