Document ID: chunk:federal_register_of_legislation:C2004A02018:body:0:p38
Version: federal_register_of_legislation:C2004A02018
Segment Type: other
Provision Reference: 
Character Range: 93071–95871

by omitting sub-section (1) and substituting the following sub-section:
"(1) The Auditor-General shall forthwith examine the statements in respect of a financial year that are transmitted to him under sub-section 50(4), and shall prepare and sign a report concerning the statements—
      (a) stating whether, in his opinion, the statements agree with, or differ from, the accounts and records kept in accordance with section 40;
      (b) setting out particulars of every case in which, in his opinion, the provisions of the Constitution, or of this or any other Act, have not been carried out; and
      (c) containing such information relating to, such explanations of and such comments on the statements as he thinks desirable.".

Certain orders and legal opinions to be annexed to Auditor-General's report
44. Section 52 of the Principal Act is amended—
      (a) by omitting "The Auditor-General" and substituting "Subject to sub-section (2), the Auditor-General"; and
      (b) by adding at the end thereof the following sub-section:
    "(2) Where a case or statement of facts laid by the Auditor-General before the Attorney-General for his opinion relates to an efficiency audit, the Auditor-General may, instead of annexing or appending the case or statement, together with a copy of the opinion given thereon, to a report under section 51, annex or append the report to a report prepared by him in accordance with Division 2 of Part VI.".

Auditor-General's reports to be transmitted to Parliament
45. Section 53 of the Principal Act is amended by omitting sub-section (3) and substituting the following sub-section:
"(3) A copy of a report transmitted to a House of the Parliament or to the Minister under this section shall be accompanied by—
      (a) a copy of the statements transmitted to the Auditor-General under sub-section 50 (4), except in the case of a supplementary report; and
      (b) any copies referred to in section 52 that are relevant to the report.".

Separate account to be kept of Loan Fund
46. Section 55 of the Principal Act is amended by omitting sub-section (1) and substituting the following sub-section:
"(1) A separate account shall be kept of all moneys raised by way of loan upon the public credit of the Commonwealth, other than moneys raised by way of advances made by banks in pursuance of agreements under section 20.".
47. Section 58a of the Principal Act is repealed and the following section substituted:

Receipts taken in reduction of expenditure charged to Loan Fund
"58a. The Minister may take in reduction of expenditure charged to the Loan Fund the following receipts:
      (a) moneys received from the sale of property, or for work, in respect of which moneys standing to the credit of the Loan Fund have been expended, but not exceeding the