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Name of Regulation
1 Name of Regulation
1 Name of Regulation
This Regulation is the Government Sector Audit Regulation 2021.
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New South Wales regulation
This Regulation, commencing 1 July 2021 (cl 3), repeals the Public Finance and Audit Regulation 2015 (cl 5) and prescribes specific entities and funds to be subject to the audit provisions of the Government Sector Audit Act (cl 4).
It affects the listed bodies and funds, which must comply with the Act’s audit regime and therefore bear the administrative and audit costs; the Auditor‑General (under the Act) applies Part 3 Division 4 to those entities. A savings clause preserves pre‑existing effects (cl 5).
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Direct links to the current provisions in Government Sector Audit Regulation 2021.
1 Name of Regulation
This Regulation is the Government Sector Audit Regulation 2021.
2 Definitions
In this Regulation—
the Act means the Government Sector Audit Act 1983.
Note.
The Act and the Interpretation Act 1987 also contain definitions and other provisions that affect the interpretation and application of this Regulation.
3 Commencement
This Regulation commences on 1 July 2021 and is required to be published on the NSW legislation website.
4 Prescribed entities
(1) For the purposes of the Act, section 44(1), definition of prescribed entity, paragraph (a), an entity listed in Schedule 1, Part 1 is prescribed as an entity to which the Act, Part 3, Division 4 applies.
(2) For the purposes of the Act, section 44(1), definition of prescribed entity, paragraph (b), a fund or account listed in Schedule 1, Part 2 is prescribed as a fund or account to which the Act, Part 3, Division 4 applies.
5 Repeal and savings
(1) The Public Finance and Audit Regulation 2015 is repealed.
(2) Any Act, matter or thing, that immediately before the repeal of the Public Finance and Audit Regulation 2015, had effect under that Regulation continues to have effect under this Regulation.
Schedule 1 Prescribed entities
clause 4
sch 1: Am 2022 No 63, Sch 3.5; 2024 (611), Sch 2[1] [2].
Part 1
AustLII Foundation Limited (ACN 134 717 972)
Belgenny Farm Agricultural Heritage Centre Trust
Each board of management, state conservation area trust and trust board established for a state conservation area within the meaning of the National Parks and Wildlife Act 1974
Cowra Japanese Garden Maintenance Foundation Limited (ACN 003 720 401)
Cowra Japanese Garden Trust
National Art School (ACN 140 179 111)
NSW Fire Brigades Superannuation Pty Limited (ACN 108 677 854)
Sydney Educational Broadcasting Ltd (ACN 001 684 564)
The Brett Whiteley Foundation (ACN 068 008 837)
The trustees of the Art Gallery of New South Wales Foundation
The trustees of the Farrer Memorial Research Scholarship Fund
The trustees of each superannuation scheme established by a trust deed as referred to in the Superannuation Administration Act 1996, section 125
United States Studies Centre (ACN 122 586 341)
Universities Admissions Centre (NSW & ACT) Pty Limited (ACN 070 055 935)
Part 2
Crown Employees (NSW Fire Brigades Firefighting Staff Death and Disability) Superannuation Fund
The funds for the time being under the management of the New South Wales Treasury Corporation, as trustee
Home Building Compensation Fund
Macquarie University Professorial Superannuation Scheme
Parliamentary Contributory Superannuation Fund
The superannuation fund amalgamated under the Superannuation Administration Act 1991 and continued to be amalgamated under the Superannuation Administration Act 1996
University of Sydney Professorial Superannuation System
Sourced from legislation.nsw.gov.au, CC BY 4.0.
1 Name of Regulation
This Regulation is the Government Sector Audit Regulation 2021.
2 Definitions
In this Regulation—
the Act means the Government Sector Audit Act 1983.
Note.
The Act and the Interpretation Act 1987 also contain definitions and other provisions that affect the interpretation and application of this Regulation.
3 Commencement
This Regulation commences on 1 July 2021 and is required to be published on the NSW legislation website.
4 Prescribed entities
(1) For the purposes of the Act, section 44(1), definition of prescribed entity, paragraph (a), an entity listed in Schedule 1, Part 1 is prescribed as an entity to which the Act, Part 3, Division 4 applies.
(2) For the purposes of the Act, section 44(1), definition of prescribed entity, paragraph (b), a fund or account listed in Schedule 1, Part 2 is prescribed as a fund or account to which the Act, Part 3, Division 4 applies.
5 Repeal and savings
(1) The Public Finance and Audit Regulation 2015 is repealed.
(2) Any Act, matter or thing, that immediately before the repeal of the Public Finance and Audit Regulation 2015, had effect under that Regulation continues to have effect under this Regulation.
Schedule 1 Prescribed entities
clause 4
sch 1: Am 2022 No 63, Sch 3.5; 2024 (611), Sch 2[1] [2].
Part 1
AustLII Foundation Limited (ACN 134 717 972)
Belgenny Farm Agricultural Heritage Centre Trust
Each board of management, state conservation area trust and trust board established for a state conservation area within the meaning of the
Cowra Japanese Garden Maintenance Foundation Limited (ACN 003 720 401)
Cowra Japanese Garden Trust
National Art School (ACN 140 179 111)
NSW Fire Brigades Superannuation Pty Limited (ACN 108 677 854)
Sydney Educational Broadcasting Ltd (ACN 001 684 564)
The Brett Whiteley Foundation (ACN 068 008 837)
The trustees of the Art Gallery of New South Wales Foundation
The trustees of the Farrer Memorial Research Scholarship Fund
The trustees of each superannuation scheme established by a trust deed as referred to in the Superannuation Administration Act 1996, section 125
United States Studies Centre (ACN 122 586 341)
Universities Admissions Centre (NSW & ACT) Pty Limited (ACN 070 055 935)
Part 2
Crown Employees (NSW Fire Brigades Firefighting Staff Death and Disability) Superannuation Fund
The funds for the time being under the management of the New South Wales Treasury Corporation, as trustee
Home Building Compensation Fund
Macquarie University Professorial Superannuation Scheme
Parliamentary Contributory Superannuation Fund
The superannuation fund amalgamated under the Superannuation Administration Act 1991 and continued to be amalgamated under the Superannuation Administration Act 1996
University of Sydney Professorial Superannuation System