Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Act 2006 (125 of 2006)

Schedule 3   Transitional provisions

Part 2   Bringing transitional corporations across to new system

Division 10   Reporting for financial year ending on 30 June 2007

56   Examiner's report

As soon as practicable after the transitional corporation has prepared its report under item 53, the corporation must cause a person authorised by the CATSI Registrar for the purposes of this item:

(a) to examine whether, during the item 53 period:

(i) the corporation's Governing Committee; and

(ii) the corporation;

complied with the obligations imposed by the old Act and the corporation's Rules; and

(b) to examine whether the balance sheet, and income and expenditure statement, for the item 53 period are:

(i) based on proper accounts and records; and

(ii) are in agreement with those accounts and records; and

(c) to give the corporation a report of the results of those examinations, drawing attention to any irregularity that it has disclosed.