Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS, SUSTAINABILITY REPORTS AND AUDIT  

PART 2M.3 - FINANCIAL AND SUSTAINABILITY REPORTING  

Division 6 - Special provisions about consolidated financial and climate statements  

SECTION 323B   CONTROLLED ENTITY TO ASSIST AUDITOR  

323B(1)    

If a company, registered scheme, registrable superannuation entity or disclosing entity has to prepare a financial report that includes consolidated financial statements or has to prepare a sustainability report as if a consolidated entity is a single entity, an officer or auditor of a controlled entity must:

(a)    allow the auditor for the company, scheme or entity access to the controlled entity's books; and

(b)    give the auditor any information, explanation or assistance required under section 323A .

323B(2)    

An offence based on subsection (1) is an offence of strict liability.

Note: For strict liability , see section 6.1 of the Criminal Code .