THE CORPORATIONS LAW

CHAPTER 7 - SECURITIES

PART 7.10 - THE NATIONAL GUARANTEE FUND

Division 3 - The National Guarantee Fund

SECTION 933   ACCOUNTS OF FUND  

933(1)  [SEGC to establish and keep proper accounts]  

SEGC shall establish and keep proper accounts of the Fund and shall, before 31 August in each year, cause a balance sheet in respect of those accounts to be made out as at the preceding 30 June.

933(2)  [Auditor]  

SEGC shall appoint a registered company auditor to audit the accounts of the Fund.

933(3)  [Duties of auditor]  

The auditor shall audit the accounts of the Fund and each balance sheet and shall give a report on the accounts and balance sheet to the Board within one month after the balance sheet is made out.

933(4)  [SEGC to give report to Commission]  

SEGC shall, within 14 days after a report is given to the Board, give to the Commission a copy of the report and a copy of the balance sheet.

933(5)  [Report to each participating exchange]  

SEGC shall cause a copy of each report, and a copy of the balance sheet to which it relates, to be laid before the annual general meeting of each participating exchange next following the making of that report.

933(6)  [Appointment under previous law]  

A person appointed by NSEGC before the commencement of this Part under a corresponding previous law whose appointment was in force immediately before that commencement shall be deemed to have been appointed by SEGC under subsection (2).