Document ID: chunk:federal_register_of_legislation:C2004A01717:body:0:p5
Version: federal_register_of_legislation:C2004A01717
Segment Type: other
Provision Reference: 
Character Range: 9857–12619

moneys and over property of the Commonwealth or of the Corporation and the incurring of liabilities by the Corporation.

Audit.
"42d. (1) The Auditor-General shall inspect and audit the accounts and records kept in accordance with section 42c and shall forthwith draw the attention of the Minister to any irregularity disclosed by the inspection and audit that is, in the opinion of the Auditor-General, of sufficient importance to justify his doing so.
"(2) The Auditor-General may, in his discretion, dispense with all or any part of the detailed inspection and audit of any accounts or records referred to in sub-section (1).
"(3) The Auditor-General shall, at least once in each year, report to the Minister the results of the inspection and audit carried out under sub-section (1).
"(4) The Auditor-General, or an officer authorized by him, is entitled at all reasonable times to full access to all accounts, records, documents and papers of the Corporation relating directly or indirectly to the receipt or payment of moneys by the Corporation or to the acquisition, receipt, custody or disposal of assets by the Corporation.
"(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 and is punishable, upon conviction, by a fine not exceeding $200.".

Annual report.
13. Section 50b of the Principal Act is amended—
     (a) by inserting after sub-section (1) the following sub-section:—
     "(2a) The report shall set out all directions as to matters of general policy with respect to the performance of the functions or the exercise of the powers of the Corporation given by the Minister to the Corporation during the year to which the report relates."; and
     (b) by omitting from paragraph (b) of sub-section (2) the words "and show fairly the financial operations".

Transitional.
14. (1) There shall be paid into the Defence Service Homes Trust Account all moneys held by the Corporation as at the commencement of this Act and any bank interest credited, after the commencement of this Act, to a bank account opened before the commencement of this Act in accordance with section 43 of the Defence Service Homes Corporation Act 1976.
(2) The Minister may give directions as to the amounts in which, and the times