Div 4Related matters

Division 4—Related matters 20—Delegation (1) An industry board may delegate any of its functions— (a) to a member of the board; or (b) to the chief executive officer of the board; or (c) to a committee of the board; or (d) to a specified body or person (including a person for the time being holding or acting in a specified office or position). (2) A delegation under this section— (a) may be absolute or conditional; and (b) does not derogate from the power of the board to act in any matter; and (c) is revocable at will by the board. (3) A function delegated under this section may, if the industry board so determines or authorises, be further delegated. (4) An industry board must cause a record of delegations to be kept in a manner determined by the board. 21—Accounts and audit (1) An industry board must cause proper accounts to be kept of its financial affairs and must cause financial statements to be prepared in respect of each financial year. (2) An industry board must cause its accounts to be audited at least once each year by a registered company auditor or the Auditor‑General. (3) The Auditor‑General may at any time audit the accounts of an industry board. 22—Annual report (1) An industry board must, on or before 30 September in each year, provide to the Minister a report on its activities for the financial year ending on the preceding 30 June. (2) The report must included the audited financial statements of the industry board in relation to the relevant financial year. (3) The Minister must cause a copy of a report provided to the Minister under this section to be laid before both Houses of Parliament within 6 sitting days after receiving the report. 23—Common seal The following provisions apply in relation to the common seal of an industry board: (a) the seal will be in a form determined by the board; (b) the seal can only be affixed to a document pursuant to a resolution of the board to that effect; (c) the affixture of the seal to a document must be witnessed in accordance with a determination or policy of the board; (d) if an apparently genuine document purports to bear the common seal of the board and appears to be duly witnessed, it will be presumed, in any legal proceedings, in the absence of proof to the contrary, that the common seal was duly affixed to the document.