Document ID: chunk:federal_register_of_legislation:C2004A03550:body:0:p15
Version: federal_register_of_legislation:C2004A03550
Segment Type: other
Provision Reference: 
Character Range: 35392–38188

Heading to Schedule 2:
Omit the heading, substitute "SCHEDULE".

Forms 1, 2 and 3 in Schedule 2:
Omit the Forms.

Heading to Form 4 in Schedule 2:
Omit "FORM 4".

Australia-Japan Foundation Act 1976

After section 24:
Insert the following sections:

Proper accounts to be kept
"24a. The Foundation shall cause to be kept proper accounts and records of the transactions and affairs of the Foundation, and shall do all things necessary to ensure that all payments out of the Fund are correctly made and properly authorised and that adequate control is maintained over

SCHEDULE 1—continued
the assets of, or in the custody of, the Foundation and over the incurring of liabilities by the Foundation.

Audit
"24b. (1) The Auditor-General shall inspect and audit the accounts and records of financial transactions of the Foundation and records relating to assets of, or in the custody of, the Foundation, and shall forthwith draw the Minister's attention to any irregularity disclosed by the inspection and audit that is, in the opinion of the Auditor-General, of sufficient importance to justify doing so.
"(2) The Auditor-General may dispense with all or any part of the detailed inspection and audit of any accounts or records referred to in subsection (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 subsection (1).
"(4) An authorised auditor is entitled, at all reasonable times, to full and free access to all accounts and records of the Foundation, being accounts and records relating directly or indirectly to the receipt or payment of money by the Foundation or to the acquisition, receipt, custody or disposal of assets by the Foundation.
"(5) An authorised auditor may make copies of, or take extracts from, any accounts and records referred to in subsection (4).
"(6) An authorised auditor may require any person to furnish such information in the possession of the person, or to which the person has access, as the authorised auditor considers necessary for the purposes of the functions of the Auditor-General under this Act.
"(7) A person who contravenes a requirement made under subsection (6) is guilty of an offence punishable, on conviction, by a fine not exceeding $1,000.
"(8) In this section, 'authorised auditor' means:
     (a) the Auditor-General; or
     (b) a person authorised, in writing, by the Auditor-General.".

Paragraphs 25 (3) (a) and (c):
Insert ", in the opinion of the Auditor-General," after "whether".

Australian Apple and Pear Corporation Act 1973

Paragraph 37 (3) (a):
Insert ", in the opinion of the Auditor-General," after "whether".

Paragraph 37 (3) (b):
Omit "in respect of the trading activities of the Corporation (if any)", substitute "in the opinion