Financial supervision by the Auditor‑General
9 Financial supervision by the Auditor‑General
The Auditor‑General must, within 2 months after the end of each designated period, prepare a report on—
the extent to which money has been made available or expended within the $535 million limit specified by this Part during the designated period; and
the state of the public accounts that are relevant to the redevelopment of Adelaide Oval envisaged by this Act; and
the extent to which it appears that public money made available to any entity, including an entity that is not a public authority, for the purposes of, or in connection with, the redevelopment of Adelaide Oval envisaged by this Act has been properly and efficiently managed and used during the designated period.
The Auditor‑General may, at any time (without further authorisation), audit or examine the accounts of a public authority or SMA in order to prepare a report under subsection (1).
Furthermore, the Auditor‑General must in any event audit the accounts of SMA each year and include a report on that audit in the Auditor‑General's annual report.
The Auditor‑General may, for the purposes of subsections (1), (2) and (3) exercise any power that the Auditor‑General has in relation to an audit or examination under Part 3 of the Public Finance and Audit Act 1987 (and that Part will apply in relation to the exercise of any such power under this section as if the power were exercised under that Act and as if any reference to a public authority included a reference to an entity that is the subject of an audit or examination under this section).
The Auditor‑General must, after completing a report under subsection (1), deliver copies of the report to the President of the Legislative Council and the Speaker of the House of Assembly.
When the President of the Legislative Council and the Speaker of the House of Assembly receive a report from the Auditor‑General under this section, the President and the Speaker must—
immediately cause the report to be published; and
lay the report before their respective Houses at the earliest opportunity.
If the President of the Legislative Council or the Speaker of the House of Assembly is absent at the time the Auditor‑General delivers to the Parliament a report under this section, the Clerk of the relevant House will receive the report on behalf of the President or Speaker (as the case may be) (and the report or document will then be taken to have been received by the President or the Speaker).
If a report is received by the President of the Legislative Council or the Speaker of the House of Assembly at a time when Parliament is not sitting, the report will be taken to have been published under subsection (6)(a) at the expiration of 1 clear day after the day of receipt of the report.
A report or document will, when published under subsection (6)(a), be taken for the purposes of any other Act or law to be a report of the Parliament published under the authority of the Legislative Council and the House of Assembly.
This section—
is in addition to the provisions of any other Act or law requiring the accounts of a company or other body corporate to be audited; and
is not in derogation of any such provisions.
In this section—
designated period means—
a period commencing on 1 January in each year and expiring on 30 June in the same year (both dates inclusive); and
a period commencing on 1 July in each year and expiring on 31 December in the same year (both dates inclusive);
public accounts has the same meaning as in the Public Finance and Audit Act 1987;
public authority has the same meaning as in the Public Finance and Audit Act 1987.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.