Secretary may perform or require audit in certain circumstances
28 Secretary may perform or require audit in certain circumstances
The Secretary may – perform an audit of the activities, or a specified aspect of the activities, of a scheme participant under this Act; or direct a scheme participant to engage an auditor to perform an audit of the activities, or a specified aspect of the activities, of the scheme participant under this Act.
A requirement of the Secretary under subsection (1) is in addition to, and does not derogate from, an audit or report requirement under – this Act, any other Act; or an agreement under this Act.
A scheme participant whose activities are required to be audited under subsection (1) must comply with the requirement. In the case of – a body corporate, a fine not exceeding 300 penalty units; or an individual, a fine not exceeding 100 penalty units.
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