246UNature of voluntary audit

246U Nature of voluntary audit

246U Nature of voluntary audit

(1) For the purposes of this Division, a voluntary audit is an audit commissioned or carried out voluntarily, whether or not in relation to activities carried out under an authorisation.

(2) An audit is not voluntary if there is a contemporaneous requirement for a mandatory audit in relation to the same or substantially the same activity or other matter and the audits are to be carried out by the same person.

ss 246Q–246U: Ins 2008 No 19, Sch 1 [213].