Document ID: chunk:federal_register_of_legislation:C2004A01334:clause:1_235ba
Version: federal_register_of_legislation:C2004A01334
Segment Type: clause
Provision Reference: sch 1 cl 235BA
Character Range: 32148–32984

235BA  Report on auditor independence functions

 (1) As soon as practicable after 30 June in each year, and in any event before 31 October, the FRC must give the Minister a report on:
 (a) the performance by the FRC, during the year that ended on 30 June in that year, of its functions under subsection 225(2B) (the auditor independence functions); and
 (b) the findings and conclusions that the FRC reached in performing those functions; and
 (c) the actions (if any) that were taken by the FRC in respect of those findings and conclusions.
The report may be given to the Minister separately or included in the report given to the Minister under section 235B.

 (2) The Minister may grant an extension of time in special circumstances.

 (3) The Minister must table the report in each House of the Parliament as soon as practicable.