28TAudit

##### 28T Audit (1) The Auditor‑General must: (a) inspect and audit: (i) the accounts and records of financial transactions of the Board; and (ii) the records relating to assets of, or in the custody of, the Board; and (b) immediately draw the attention of the Commonwealth and the State Minister to any irregularity disclosed by the inspection and audit that, in the opinion of the Auditor‑General, is of sufficient importance to justify doing so. (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 paragraph (1)(a). (3) The Auditor‑General must, at least once in each financial year, report to the Commonwealth Minister and the State Minister the results of the inspection and audit carried out under paragraph (1)(a). (5) An authorised auditor is entitled, at all reasonable times, to full and free access to all accounts, records and other documents of the Board being accounts, records and other documents relating directly or indirectly to: (a) the receipt or payment of money by the Board; or (b) the acquisition, receipt, custody or disposal of assets by the Board. (6) An authorised auditor may make copies of, or take extracts from, any accounts, records or other documents referred to in subsection (5). (7) An authorised auditor may require any person to give such information in the possession of the person, or to which the person has access, as the authorised auditor considers necessary for the purposes of the functions of the Auditor‑General under this Act. (8) A person must comply with a requirement under subsection (7). Penalty: $1,000. (9) For the purposes of this section: > authorised auditor means the Auditor‑General or a person authorised by the Auditor‑General.