Document ID: chunk:federal_register_of_legislation:C1973A00092:body:0:p8
Version: federal_register_of_legislation:C1973A00092
Segment Type: other
Provision Reference: 
Character Range: 17810–20624

the acquisition, receipt, custody or disposal of assets by the Commission.
"(5) The Auditor-General or an officer authorized by him may make copies of, or take extracts from, any such accounts, records, documents or papers.
"(6) The Auditor-General or an officer authorized by him may require any person to furnish him with such information in the possession of the person or to which the person has access as the Auditor-General or authorized officer considers necessary for the purposes of the functions of the Auditor-General under this Act, and the person shall comply with the requirement.
"(7) A person who contravenes sub-section (6) is guilty of an offence punishable, upon conviction, by a fine not exceeding Two hundred dollars.

Liability of Commission to pay rates, taxes and charges.
"37. (1) The Commission shall pay all rates, taxes and charges under any law of the Commonwealth, a State or a Territory.
"(2) The Commission is not a public authority for the purposes of paragraph (d) of section 23 of the Income Tax Assessment Act 1936–1972.
"(3) The Commission is not a public transport authority for the purposes of item 77 in the First Schedule to the Sales Tax (Exemptions and Classifications) Act 1935–1973.".

Profits of Commission.
18. Section 38 of the Principal Act is amended—
       (a) by inserting in sub-section (1), after the word "expenditure", the words ", and provision for expenditure,"; and
       (b) by omitting sub-sections (2), (3) and (4) and substituting the following sub-sections:—
     "(2) The profits of the Commission for a financial year shall be applied in the first place in payment of the amount determined under sub-section (1) of section 30a and the balance, if any, shall be applied in such manner as the Minister, with the concurrence of the Treasurer, determines.
     "(3) In the making of a determination under sub-section (2), regard shall be had. to any advice that the Commission has furnished to the Minister in relation, to the financial affairs of the Commission.".

Annual report of Commission.
19. Section 40 of the Principal Act is amended—
       (a) by inserting after sub-section (1) the following sub-sections:—
     "(1a.) The report shall disclose separately the results of activities of the Commission other than the operation of air services.
     "(1b) The report by the Commission shall include details of—
          (a) any change in accounting principles adopted since the last report of the Commission, including any change in the rate or method of charging depreciation in the accounts of the Commission;
          (b) any material change in the method of valuation of the whole or any part of the stock of the Commission;
          (c) any material item appearing in the accounts of the Commission for the first time or not usually