Document ID: chunk:federal_register_of_legislation:C2025A00016:clause:5_311
Version: federal_register_of_legislation:C2025A00016
Segment Type: clause
Provision Reference: sch 5 cl 311
Character Range: 264042–265330

311  Audit requirements in relation to administrative expenditure
 (1) This section applies for the purposes of a provision in Subdivision B that refers to the requirements that must be met by a certificate in relation to a person or entity paid administrative assistance funding during a calendar year.
 (2) A certificate meets the requirements in this section if:
 (a) it is issued by a registered company auditor (within the meaning of the Corporations Act 2001); and
 (b) the auditor has audited any administrative expenditure incurred by the person or entity during the calendar year; and
 (c) the audit was conducted in accordance with any applicable Auditing Standards; and
 (d) the certificate states that the auditor:
 (i) was given full and free access at all reasonable times to all accounts, records, documents and papers relating directly or indirectly to the information required to be set out in the return; and
 (ii) examined that material for the purpose of giving the certificate; and
 (iii) received all information and explanations that the auditor requested in respect of that material; and
 (iv) has no reason to believe that any information required to be set out in the return is not correct.

Subdivision E—Commonwealth annual reports: statement of amounts paid