49CIndependent auditor to prepare auditor’s report

49C Independent auditor to prepare auditor’s report

49C Independent auditor to prepare auditor’s report

(1) A pre-paid funeral fund must cause an independent auditor—

(a) to audit the records that the fund is required to keep under any law, including the accounts of the fund, and

(b) to furnish it with a report of that audit within 3 months after the last day of the fund’s financial year.

Maximum penalty—10 penalty units.

(2) A pre-paid funeral fund must, within 7 days of receiving a report under subsection (1) (b), lodge with the Secretary—

(a) a copy of the report, and

(b) a copy of every financial statement on which the report is based, together with every explanatory note that forms part of such a statement.

Maximum penalty—10 penalty units.

s 49C: Ins 2003 No 61, Sch 1 [35].