Corporations Act 2001

If a company, registered scheme, registrable superannuation entity or disclosing entity has to prepare a financial report that includes consolidated financial statements or has to prepare a sustainability report as if a consolidated entity is a single entity, an officer or auditor of a controlled entity must:

allow the auditor for the company, scheme or entity access to the controlled entity’s books; and

give the auditor any information, explanation or assistance required under section 323A.

An offence based on subsection (1) is an offence of strict liability.

For strict liability, see section 6.1 of the Criminal Code.