31Savings and transitional provisions

31 Savings and transitional provisions

(1)  Despite the completion of a sale under section 5(1)(a) of the shares in TOTE Tasmania, the Auditor-General is to continue to act as auditor of TOTE Tasmania in respect of a financial year completed before that sale.

(2)  After a sale under section 5(1)(a) of the shares in TOTE Tasmania, TOTE Tasmania must –

(a) allow the Auditor-General to access documents and information, and to do all other things, necessary for the purposes of complying with subsection (1) ; and

(b) provide, in respect of a financial year completed before that sale, copies of any financial statement, directors' report and auditor's report and the annual return as required by the Corporations Act to the Treasurer unless that financial statement, directors' report, auditor's report or annual return has previously been provided under section 13 of the TOTE Tasmania Act 2000 as in force on the day on which this Act commences.

Penalty:  Fine not exceeding 200 penalty units.

(3)  The Treasurer is to cause a copy of any financial statement, directors' report, auditor's report or annual return provided under subsection (1) to be laid before each House of Parliament within 7 sitting-days after receiving it.