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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.8 - OTHER PROVISIONS RELATING TO CONDUCT ETC. CONNECTED WITH FINANCIAL PRODUCTS AND FINANCIAL SERVICES, OTHER THAN FINANCIAL PRODUCT DISCLOSURE    View history reference

Division 6 - Financial records, statements and audit    View history reference

Subdivision D - Appointment etc. of auditors    View history reference

SECTION 990I  AUDITOR'S RIGHT OF ACCESS TO RECORDS, INFORMATION ETC.  

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990I(1)  [Records of licensee]  


An auditor of the licensee has a right of access at all reasonable times to the financial records or other records (including any register) of the licensee.

990I(2)  [Entitlement to assistance, explanations for audit]  


An auditor of the licensee is entitled to require:


(a) from the licensee; or


(b) if the licensee is a body corporate - from any director, secretary or senior manager of the licensee;
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such assistance and explanations as the auditor desires for the purposes of audit.

990I(3)  [Refusal or failure to allow access, etc]  

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The licensee, or a director, secretary or senior manager of the licensee if it is a body corporate, must not:


(a) refuse or fail to allow an auditor of the licensee access, in accordance with subsection (1), to financial records or other records of the licensee; or


(b) refuse or fail to give assistance, or an explanation, to an auditor of the licensee as and when required under subsection (2); or


(c) otherwise hinder, obstruct or delay an auditor of the licensee in the performance or exercise of the auditor's duties or powers.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).


 



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