CCH Note:
Part 13 of the
Corporations Act 1989, inserted
by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as
follows:
PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW
82
The Corporations Law is as follows:...
CHAPTER 8 - THE FUTURES INDUSTRY
PART 8.5 - FINANCIAL STATEMENTS AND AUDIT
History
Part 8.5 heading substituted by No 61 of 1998, Sch 2, Pt 4
(effective 1 July 1998).
SECTION 1219
AUDITOR'S RIGHT OF ACCESS TO RECORDS, INFORMATION ETC.
1219(1)
[Right of access to records etc]
An auditor of a futures broker has a right of access at all reasonable times to the financial records and other records, including any register, of the broker, and is entitled to require from the broker or, in the case of a futures broker that is a body corporate, from any executive officer of the broker, such information and explanations as the auditor desires for the purposes of audit.
History
S 1219(1) amended by No 61 of 1998, Sch 2, Pt 4 (effective 1 July 1998).
S 1219(1) amended by No 110 of 1990, Sch 1 (effective 18 December 1990).
1219(2)
[Compliance]
A futures broker, or an executive officer of a futures broker that is a body corporate, shall not, without lawful excuse:
(a)
refuse or fail to allow an auditor of the broker access, in accordance with subsection
(1), to financial records or other records, including any register, of the broker;
(b)
refuse or fail to give information, or an explanation, as and when required under subsection
(1); or
(c)
otherwise hinder, obstruct or delay an auditor of the broker in the performance or exercise of the auditor's duties or powers.
History
S 1219(2) amended by No 61 of 1998, Sch 2, Pt 4 (effective 1 July 1998).
S 1219(2) amended by No 110 of 1990, Sch 1 (effective 18 December 1990).