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VICAct
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s 49

Audit of limited company

In force

49 Audit of limited company

(1)

If the University—

(a)

forms, participates in the formation of, or is a member of, a limited company to which section 48 applies; and

(b)

has control, within the meaning of section 3 of the Audit Act 1994, of that limited company—

the accounts of the limited company must be audited annually by the Auditor-General.

(2)

The requirements of subsection (1) are in addition to the requirements of the Corporations Act.

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