Commonwealth Numbered Acts

COMMONWEALTH AUTHORITIES AND COMPANIES ACT 1997 No. 153 of 1997 - SECT 35

(1) The Auditor-General is, in relation to each Commonwealth company, either:

   (a)  to be the auditor of the company under the Corporations Law; or

   (b)  if someone else is the company's auditor-to give a report on the
        company's financial statements (see subsection 36(2)).

(2) The Auditor-General is to audit the financial statements of each
subsidiary of a Commonwealth company (there are exceptions to this-see
subsection 37(4)). Note: If the Auditor-General is not the subsidiary's
auditor, this means that the Auditor-General has to do an audit of the
statements in addition to that done by the subsidiary's auditor.