Renmark Irrigation Trust Act 2009

The trust must, as soon as practicable after the end of each financial year, cause financial statements in respect of that financial year to be prepared in accordance with recognised accounting standards and cause the statements to be audited.

An audit must be carried out by—

a registered company auditor; or

a firm of registered company auditors; or

a member of the Australian Society of Certified Practising

a member of The Institute of Chartered Accountants in Australia;

a member of the National Institute of Accountants.

A member of the trust must not be appointed as auditor of the accounts of the trust.

An auditor of the trust has a right of access at all reasonable times to the accounts and accounting records of the trust and is entitled to require from any officer or employee of the trust or any other person such information and explanations as he or she requires for the purposes of the audit.

An officer or employee of the trust or other person must not, without lawful excuse—

refuse or fail to allow an auditor access, for the purposes of an audit, to any accounts or accounting records of the trust in his or her custody or control; or

refuse or fail to give any information or explanation as and when required by an auditor; or

otherwise hinder, obstruct or delay an auditor in the exercise or performance of a power or function of the auditor. Maximum penalty: Maximum penalty: $5 000.

An auditor must, on the completion of the audit, prepare a report on the audit.