Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_990i
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 990I
Character Range: 483609–484696

990I  Auditor's right of access to records, information etc.

 (1) An auditor of the licensee has a right of access at all reasonable times to the financial records or other records (including any register) of the licensee.

 (2) An auditor of the licensee is entitled to require:
 (a) from the licensee; or
 (b) if the licensee is a body corporate—from any executive officer of the licensee;
such assistance and explanations as the auditor desires for the purposes of audit.

 (3) The licensee, or an executive officer of the licensee if it is a body corporate, must not:
 (a) refuse or fail to allow an auditor of the licensee access, in accordance with subsection (1), to financial records or other records of the licensee; or
 (b) refuse or fail to give assistance, or an explanation, to an auditor of the licensee as and when required under subsection (2); or
 (c) otherwise hinder, obstruct or delay an auditor of the licensee in the performance or exercise of the auditor's duties or powers.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).