Council must establish an Audit and Risk Committee
53 Council must establish an Audit and Risk Committee
A Council must establish an Audit and Risk Committee.
An Audit and Risk Committee is not a delegated committee.
An Audit and Risk Committee must—
include members who are Councillors of the Council; and
consist of a majority of members who are not Councillors of the Council and who collectively have—
expertise in financial management and risk; and
experience in public sector management; and
not include any person who is a member of Council staff of the Council.
The chairperson of an Audit and Risk Committee must not be a Councillor of the Council.
Sections 123 and 125 and Division 2 of Part 6 apply to a member of the Audit and Risk Committee who is not a Councillor as if the member were a member of a delegated committee.
A Council may pay a fee to a member of an Audit and Risk Committee who is not a Councillor of the Council.
This Act’s bill:Explanatory memorandumSecond reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.