18
CurrentAudit
Part 3Accountability
18 Audit
(1)
A territory-owned corporation or a subsidiary, or the directors of such a corporation or of a subsidiary, must not appoint a person other than the auditor-general as auditor of the company.
(2)
A company that has appointed the auditor-general as its auditor must pay the auditor-general’s reasonable fees and expenses.
(3)
In default of agreement the reasonable fees and expenses of the auditor-general are to be decided by the Treasurer.
This Act’s bill:Explanatory statement
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