Corporations (Aboriginal and Torres Strait Islander) Act 2006

CHAPTER 7 - RECORD KEEPING, REPORTING REQUIREMENTS AND BOOKS  

PART 7-3 - REPORTING REQUIREMENTS  

Division 345 - Consolidated financial report  

SECTION 345-10   CONTROLLED ENTITY TO ASSIST AUDITOR  

345-10(1)    
If an Aboriginal and Torres Strait Islander corporation has to prepare a consolidated financial report, an officer or auditor of a controlled entity must:

(a)    allow the auditor for the corporation access to the controlled entity ' s books; and

(b)    give the auditor any information, explanation or assistance required under section 345-5 .

Penalty: 25 penalty units or imprisonment for 6 months, or both.

345-10(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 .