Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.8 - OTHER PROVISIONS RELATING TO CONDUCT ETC. CONNECTED WITH FINANCIAL PRODUCTS AND FINANCIAL SERVICES, OTHER THAN FINANCIAL PRODUCT DISCLOSURE  

Division 6 - Financial records, statements and audit  

Subdivision D - Appointment etc. of auditors  

SECTION 990I   AUDITOR'S RIGHT OF ACCESS TO RECORDS, INFORMATION ETC.  

990I(1)    
An auditor of the licensee has a right of access at all reasonable times to the financial records or other records (including any register) of the licensee.

990I(2)    
An auditor of the licensee is entitled to require:

(a)    from the licensee; or

(b)    

if the licensee is a body corporate - from any director, secretary or senior manager of the licensee;

such assistance and explanations as the auditor desires for the purposes of audit.

990I(3)    

The licensee, or a director, secretary or senior manager of the licensee if it is a body corporate, must not:

(a)    refuse or fail to allow an auditor of the licensee access, in accordance with subsection (1), to financial records or other records of the licensee; or

(b)    refuse or fail to give assistance, or an explanation, to an auditor of the licensee as and when required under subsection (2); or

(c)    otherwise hinder, obstruct or delay an auditor of the licensee in the performance or exercise of the auditor's duties or powers.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1) ).