Audit of subsidiaries of State entities
21 Audit of subsidiaries of State entities
An accountable authority responsible for the operations of a State entity is to advise the Auditor-General, in writing, before the end of the relevant financial year of all subsidiaries of the State entity.
The Auditor-General is to be the auditor of a subsidiary of a State entity unless the Auditor-General determines otherwise.
The Auditor-General may accept appointment under the Corporations Act as the auditor of a subsidiary of a State entity.
For the purposes of performing an audit of a subsidiary of a State entity, the functions and powers imposed and conferred on the Auditor-General under this Act are in addition to the functions and powers imposed and conferred under the Corporations Act or any other written law in relation to the audit.
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.