(1) The registrar must investigate an organisation’s finances or financial administration—(a) if an audit report for the organisation states—(i) there was an accounting deficiency in the organisation’s accounts; or(ii) another matter the registrar considers should be investigated; or(b) if asked by the required number of members of the organisation; or(c) if required to under section 793 (2) .
(2) The registrar may also conduct an investigation—(a) if satisfied there are reasonable grounds to conduct an investigation; or(b) in another circumstance prescribed by regulation.