73Audits of registered corporations—compliance

#### 73 Audits of registered corporations—compliance (1) This section applies if the Regulator has reasonable grounds to suspect that a registered corporation has contravened, is contravening, or is proposing to contravene, this Act or the associated provisions. (2) The Regulator may, by written notice given to the corporation, require the corporation to: (a) appoint as an audit team leader: (i) a registered greenhouse and energy auditor of its choice; or (ii) if the Regulator specifies a registered greenhouse and energy auditor in the notice—that auditor; or (iii) if the Regulator specifies more than one registered greenhouse and energy auditor in the notice—any one of those auditors; and (b) arrange for the audit team leader to carry out an audit on one or more aspects of the corporation’s compliance with this Act or the associated provisions; and (c) arrange for the audit team leader to give the corporation a written report setting out the results of the audit; and (d) give the Regulator a copy of the audit report on or before the day specified in the notice. (3) The notice must specify the: (aa) type of audit to be carried out; and (a) matters to be covered by the audit; and (b) form of the audit report and the kinds of details it is to contain. (4) The corporation, and each member of the corporation’s group, must provide the audit team leader and any audit team members with all reasonable facilities and assistance necessary for the effective exercise of the audit team leader’s duties under this Act. Civil penalty: 250 penalty units. (5) If the Regulator gives a corporation written notice under subsection (2), the corporation must comply with the requirements of the notice. Civil penalty: 1,000 penalty units. > Note: Under section 30 a corporation may be liable for an additional civil penalty for each day after the day mentioned in paragraph (2)(d) for which the corporation fails to provide an audit report in accordance with this section.