Australian Capital Territory Current Acts

HEAVY VEHICLE NATIONAL LAW (ACT) - SECT 691

The Regulator must—

        (a)     ensure its operations are carried out efficiently, effectively and economically; and

        (b)     keep proper books and records in relation to the Fund and other money received by the Regulator; and

        (c)     ensure expenditure is made from the Fund for lawful purposes only and, as far as possible, that reasonable value is obtained for money expended from the Fund; and

        (d)     ensure its procedures, including internal control procedures, afford adequate safeguards with respect to—

              (i)     the correctness, regularity and propriety of payments made from the Fund; and

              (ii)     receiving and accounting for payments made to the Fund; and

              (iii)     prevention of fraud or mistake; and

        (e)     take any action necessary to ensure the preparation of accurate financial statements in accordance with Australian Accounting Standards for inclusion in its annual report; and

        (f)     take any action necessary to facilitate the audit of the financial statements under this Law; and

        (g)     arrange for any further audit by a qualified person of the books and records kept by the Regulator if directed to do so by the responsible Ministers.