Document ID: chunk:federal_register_of_legislation:C2004A01041:clause:1b_278
Version: federal_register_of_legislation:C2004A01041
Segment Type: clause
Provision Reference: sch 1B cl 278
Character Range: 362904–364056

278  Commission to be advised of breaches of Part or rules etc. found during inspection

 (1) If, as a result of inspecting the financial records of a reporting unit, a person reasonably believes that a breach of:
 (a) a provision of this Part; or
 (b) the reporting guidelines; or
 (c) a regulation made for the purposes of this Part; or
 (d) a rule of a reporting unit relating to its finances or financial administration;
may have occurred, the person must give the Industrial Registry written notice to that effect and give to the Industrial Registry any relevant information obtained during the inspection.

 (2) If the Industrial Registry receives notice under subsection (1) and the Commission is satisfied that there are reasonable grounds for believing that there has been a breach of:
 (a) a provision of this Part; or
 (b) the reporting guidelines; or
 (c) a regulation made for the purposes of this Part; or
 (d) a rule of a reporting unit relating to its finances or financial administration;
the Commission must refer the matter to the Industrial Registrar.

Note: Where a matter is referred, it will be investigated under section 334.