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CORPORATIONS (ABORIGINAL AND TORRES STRAIT ISLANDER) ACT 2006 - SECT 345.10

Controlled entity to assist auditor

  (1)   If an Aboriginal and Torres Strait Islander corporation has to prepare a consolidated financial report, an officer or auditor of a controlled entity must:

  (a)   allow the auditor for the corporation access to the controlled entity's books; and

  (b)   give the auditor any information, explanation or assistance required under section   345 - 5.

Penalty:   25 penalty units or imprisonment for 6 months, or both.

  (2)   An offence based on subsection   (1) is an offence of strict liability.

Note:   For strict liability , see section   6.1 of the Criminal Code .


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