Investigations arising from auditor’s report
332 Investigations arising from auditor’s report
Subject to subsection (2), the General Manager must:
where the documents lodged with the FWC under section 268 include a report of an auditor setting out any:
defect or irregularity; or
deficiency, failure or shortcoming; and
where for any other reason the General Manager considers that a matter revealed in the documents should be investigated—investigate the matter.
The General Manager is not required to investigate the matters raised in the report of the auditor if:
the defect, irregularity, deficiency, failure or shortcoming consists solely of the fact that the organisation concerned has kept financial records for its membership subscriptions separately on a cash basis as provided in subsection 252(4); or
after consultation with the reporting unit and the auditor, the General Manager is satisfied that the matters are trivial or will be remedied in the following financial year.
Where, having regard to matters that have been brought to notice in the course of, or because of, an investigation under subsection (1), the General Manager forms the opinion that there are grounds for investigating the finances or the financial administration of the reporting unit, the General Manager may make the further investigation.
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