QLDIn ForceAct
Electricity Act 1994
sec.120ADAudit report and submissions on report
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### sec.120AD Audit report and submissions on report
An electricity entity, retailer or special approval holder required under section 120AA (1) to carry out, or appoint an independent auditor to carry out, an audit must give a copy of the audit report to the regulator.
The copy must be given promptly after the audit is completed.
If the regulator appoints an independent auditor to carry out an audit concerning an electricity entity, retailer or special approval holder, the regulator must give the entity, retailer or holder—
a copy of the draft audit report and an opportunity to make submissions to the regulator on the draft report; and
a copy of the final audit report and an opportunity to make further submissions to the regulator on the final report.
s 120AD ins 2004 No. 51 s 20
amd 2014 No. 48 s 58
(sec.120AD-ssec.1) An electricity entity, retailer or special approval holder required under section 120AA (1) to carry out, or appoint an independent auditor to carry out, an audit must give a copy of the audit report to the regulator.
(sec.120AD-ssec.2) The copy must be given promptly after the audit is completed.
(sec.120AD-ssec.3) If the regulator appoints an independent auditor to carry out an audit concerning an electricity entity, retailer or special approval holder, the regulator must give the entity, retailer or holder— a copy of the draft audit report and an opportunity to make submissions to the regulator on the draft report; and a copy of the final audit report and an opportunity to make further submissions to the regulator on the final report.
- (a) a copy of the draft audit report and an opportunity to make submissions to the regulator on the draft report; and
- (b) a copy of the final audit report and an opportunity to make further submissions to the regulator on the final report.