QCA’s powers concerning audit of compliance with distribution network code
270ZG QCA’s powers concerning audit of compliance with distribution network code
QCA may, by notice to a distributor, require the distributor to—
carry out an internal audit of all or any of the following—
the distributor’s compliance with a distribution network code, either generally or about a stated particular matter or matters;
the reliability and quality of information given by the distributor to QCA, under this Act; or
appoint a person as an independent auditor to carry out an audit of all or any of the things mentioned in paragraph (a).
The notice may state terms of reference QCA requires for carrying out the audit.
QCA may appoint a person as an independent auditor to carry out an audit of all or any of the things mentioned in subsection (1)(a) concerning the distributor, if—
the distributor does not comply with a notice given to it under the subsection; or
QCA reasonably considers that a person appointed under subsection (1) does not have appropriate qualifications or experience for carrying out the audit.
A person may be appointed as an independent auditor under subsection (1)(b) or (3) only if the appointer reasonably considers the person has the appropriate qualifications or experience for carrying out the audit.
This Act’s bill:Explanatory memorandum
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