Financial Management Act 1996
100Corporations, joint ventures and trusts in which authority
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100 Corporations, joint ventures and trusts in which authority has interest (1) If a relevant territory authority has a controlling interest in a corporation, joint venture or trust, the authority must ensure that— (a) the auditor-general is appointed auditor for the corporation, joint venture or trust; and (b) the corporation or joint venture, or a trustee for the trust, does not do anything that the authority itself could not do. (2) If a relevant territory authority has an interest, other than a controlling interest, in a corporation, joint venture or trust, the authority must try to ensure that the auditor-general is appointed auditor for the corporation, joint venture or trust. Note The Auditor-General Act 1996, s 14 allows the auditor-general to require a person to give to the auditor-general information and documents. (3) In this section— controlling interest—see the Auditor-General Act 1996, section 5.