CTHIn ForceAct
Banking Act 1959
16AVAppointed auditor’s functions and duties
Start here
Get a plain-English read of 16AV
Turn the raw legal text into a practical explanation grounded in Banking Act 1959.
#### 16AV Appointed auditor’s functions and duties
(1) This section applies if the prudential standards require an auditor to be appointed.
(2) The appointed auditor must perform the functions and duties of an auditor that are set out in the prudential standards.
(3) The appointed auditor must comply with the prudential standards in performing the functions and duties.
(4) The ADI or authorised NOHC, or subsidiary of an ADI or authorised NOHC, to whom the prudential standards apply must make any arrangements that are necessary to enable the appointed auditor to perform the functions and duties.