sec.127VParticipant in election must assist appointed auditor

### sec.127V Participant in election must assist appointed auditor This section applies if an auditor is appointed under section 127U to conduct an audit of a participant in an election. The participant must give the auditor the assistance the auditor reasonably requires to conduct the audit. Maximum penalty—200 penalty units. Without limiting subsection (2) , the participant must give the auditor— full and free access, at all reasonable times, to all accounts, records and documents reasonably required by the auditor that— are in the possession, or under the control, of the participant; and relate, directly or indirectly, to a matter being audited; and other information, or an explanation, the auditor reasonably requires about a matter being audited. For subsection (3) , a matter being audited includes— for an audit about a return given under division 3 or 4A —a matter required to be stated in the return; or for an audit of a dedicated account—a transaction on the dedicated account carried out, or required to be carried out, under this part. In this section— reasonably requires means requires on grounds that are reasonable in the circumstances. s 127V ins 2023 No. 8 s 47 (sec.127V-ssec.1) This section applies if an auditor is appointed under section 127U to conduct an audit of a participant in an election. (sec.127V-ssec.2) The participant must give the auditor the assistance the auditor reasonably requires to conduct the audit. Maximum penalty—200 penalty units. (sec.127V-ssec.3) Without limiting subsection (2) , the participant must give the auditor— full and free access, at all reasonable times, to all accounts, records and documents reasonably required by the auditor that— are in the possession, or under the control, of the participant; and relate, directly or indirectly, to a matter being audited; and other information, or an explanation, the auditor reasonably requires about a matter being audited. (sec.127V-ssec.4) For subsection (3) , a matter being audited includes— for an audit about a return given under division 3 or 4A —a matter required to be stated in the return; or for an audit of a dedicated account—a transaction on the dedicated account carried out, or required to be carried out, under this part. (sec.127V-ssec.5) In this section— reasonably requires means requires on grounds that are reasonable in the circumstances. - (a) full and free access, at all reasonable times, to all accounts, records and documents reasonably required by the auditor that— (i) are in the possession, or under the control, of the participant; and (ii) relate, directly or indirectly, to a matter being audited; and - (i) are in the possession, or under the control, of the participant; and - (ii) relate, directly or indirectly, to a matter being audited; and - (b) other information, or an explanation, the auditor reasonably requires about a matter being audited. - (i) are in the possession, or under the control, of the participant; and - (ii) relate, directly or indirectly, to a matter being audited; and - (a) for an audit about a return given under division 3 or 4A —a matter required to be stated in the return; or - (b) for an audit of a dedicated account—a transaction on the dedicated account carried out, or required to be carried out, under this part.