Australian Wool Realisation Commission Act 1991
Part 7AUDIT
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PART 7—AUDIT
Audit
- (1) The Auditor-General must inspect and audit:
(a) the accounts and records of financial transactions of the Commission; and
(b) the records relating to assets of, or in the custody of, the Commission;
and must immediately draw the attention of the Minister to any irregularity disclosed by the inspection and audit that, in the opinion of the Auditor-General, is of sufficient importance to justify so doing.
(2) The Auditor-General may dispense with all or a part of the detailed inspection and audit of any accounts or records referred to in subsection (1).
(3) The Auditor-General must, at least once in each financial year, report to the Minister the results of the inspection and audit carried out.
(4) The Auditor-General or a person authorised by the Auditor-General is entitled at all reasonable times to full and free access to all accounts, records and other documents of the Commission relating directly or indirectly to the receipt or payment of moneys, or to the acquisition, receipt, custody or disposal of assets, by the Commission.
(5) The Auditor-General or a person authorised by the Auditor-General may make copies of, or take extracts from, such accounts, records or other documents.
(6) The Auditor-General or a person authorised by the Auditor-General may require another person to furnish such information in the possession of the other person, or to which the other person has access, as the Auditor-General or authorised person considers necessary for the purposes of the functions of the Auditor-General under this Act, and the other person must comply with the requirement.
Penalty: $1,000.