Commonwealth Numbered Acts

COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997 No. 153 of 1997 - SECT 31

(1) The Finance Minister may grant a written exemption to the directors of a
Commonwealth authority from the requirements of section 30, either generally
or in relation to one or more subsidiaries.

(2) The exemption may be granted subject to conditions.

(3) The Finance Minister may, on behalf of the Commonwealth, engage a
registered company auditor to investigate and report on an exemption
application. For this purpose, registered company auditor means a person who
is registered, or taken to be registered, as an auditor under the Corporations
Law of a State or Territory.

(4) The authority is liable to reimburse the Commonwealth for the costs of the
investigation and report.