Auditor—appointment
12 Auditor—appointment
For the Act, Schedule 2, clause 16, the licensee for a pipeline must, at least 28 days before the licensee must give the Secretary an audit report under section 13—
appoint a person as an auditor, and
give written notice of that appointment to the Secretary.
Maximum penalty—
for a corporation—250 penalty units and, for a continuing offence, a further 25 penalty units for each day the offence continues, or
for an individual—50 penalty units and, for a continuing offence, a further 5 penalty units for each day the offence continues.
A person must not be appointed as an auditor unless the person is—
independent of the licensee, and
competent to exercise the functions of an auditor.
A licensee does not commit an offence under subsection (1) if the Secretary has rejected or terminated the appointment under section 12B.
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