Document ID: chunk:federal_register_of_legislation:F2023L01334:clause:2_19
Version: federal_register_of_legislation:F2023L01334
Segment Type: clause
Provision Reference: sch 2 cl 19
Character Range: 21066–22977

19  Audit terms of reference
 (1) This section applies to a carriage service provider that has received a notice given under subsection 18(2).
 (2) The carriage service provider must, no later than 21 days after receipt of the notice, or such longer period as the ACMA may agree in writing, give to the ACMA draft terms of reference of the audit.
 (3) The ACMA may, by written notice given to the carriage service provider:
(a) approve the draft terms of reference; or
(b) require the carriage service provider to make changes to the draft terms of reference.
 (4) Within 14 days after receipt of a notice given under paragraph (3)(b), or such longer period as the ACMA may agree in writing, the carriage service provider must provide to the ACMA revised terms of reference.
 (5) The ACMA may, by written notice given to the carriage service provider:
           (a) approve the revised terms of reference; or
           (b) specify the terms of reference of the audit, provided that it has formed the view on reasonable grounds that the revised terms of reference do not give effect to the changes notified under paragraph (3)(b).
 (6) The terms of reference of the audit must include:
(a) the objectives of the audit;
(b) the format of the auditor's opinion;
(c) the auditing standard or standards in accordance with which the audit must be conducted; and
(d) a timetable for the conduct of the audit, including the date by which the audit report is to be provided by the auditor to the carriage service provider.
Note: Section 21 sets out requirements relating to the provision of audit reports to the ACMA.
 (7) The objectives of the audit must include determining whether the carriage service provider:
(a) has prepared any compliance reports required under section 16; and
(b) kept any records of a kind described in Part 2 required under these Rules,
in accordance with the requirements of these Rules.