sch.2-sec.43GOC or prescribed GOC subsidiary to consider authorised auditor’s report and comments, observations and suggestions

sch.2-sec.43 GOC or prescribed GOC subsidiary to consider authorised auditor’s report and comments, observations and suggestions

At the first ordinary meeting held by a GOC or prescribed GOC subsidiary after it receives, from the authorised auditor for the GOC or subsidiary , its annual financial statements and the authorised auditor’s report on the statements, the GOC or subsidiary must consider the statements and the report. If the report contains comments, observations or suggestions about anything arising out of an audit, the GOC or prescribed GOC subsidiary must— consider the comments, observations or suggestions; and if the GOC or subsidiary believes it is appropriate to take a particular action in response to the comments, observations or suggestions—take the action. (sch.2-sec.43-ssec.1) At the first ordinary meeting held by a GOC or prescribed GOC subsidiary after it receives, from the authorised auditor for the GOC or subsidiary , its annual financial statements and the authorised auditor’s report on the statements, the GOC or subsidiary must consider the statements and the report. (sch.2-sec.43-ssec.2) If the report contains comments, observations or suggestions about anything arising out of an audit, the GOC or prescribed GOC subsidiary must— consider the comments, observations or suggestions; and if the GOC or subsidiary believes it is appropriate to take a particular action in response to the comments, observations or suggestions—take the action.

• (a) consider the comments, observations or suggestions; and
• (b) if the GOC or subsidiary believes it is appropriate to take a particular action in response to the comments, observations or suggestions—take the action.