32
In forceAudits
Part 6Miscellaneous
Division 6.1Audit of accounts of partnerships
32 Audits
(1)
The members of a partnership must ensure that—
(a)
the accounts and records of the partnership for each financial year are audited jointly by the auditor-general and an auditor appointed by AGL; and
(b)
copies of the audited accounts and records and of the report of the auditors are given to ACTEW and AGL within 3 months after the end of the financial year.
(2)
If the members of a partnership contravene subsection (1), each member of the partnership commits an offence.
Maximum penalty: 500 penalty units.
This Act’s bill:Explanatory statementSecond reading speech
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