Independent auditor may require reasonable help or information
270ZI Independent auditor may require reasonable help or information
An independent auditor appointed under section 270ZG to carry out an audit concerning a distributor may require the distributor to give the auditor—
reasonable help to carry out the audit; or
Examples—
• access to the distributor’s premises and records
• help from the distributor’s employees
information, in a form reasonably required by the auditor, to help the auditor carry out the audit.
A distributor required to give reasonable help under subsection (1)(a), or information under subsection (1)(b), must comply with the requirement unless the distributor has a reasonable excuse.Maximum penalty—1000 penalty units.
If the distributor is an individual, it is a reasonable excuse for the individual not to comply with the requirement if complying with the requirement might tend to incriminate the individual.
This Act’s bill:Explanatory memorandum
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