Document ID: chunk:federal_register_of_legislation:F2005L03872:body:0
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Native Title (Representative Bodies — Audit of Financial Statements) Regulations 20051

  Select Legislative Instrument 2005 No. 288

I, PHILIP MICHAEL JEFFERY, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Native Title Act 1993.
Dated 1 December 2005

  P. M. JEFFERY
  Governor-General
  By His Excellency's Command

  AMANDA VANSTONE
  Minister for Immigration and Multicultural and Indigenous Affairs

1 Name of Regulations

  These Regulations are the Native Title (Representative Bodies — Audit of Financial Statements) Regulations 2005.

2 Commencement

  These Regulations are taken to have commenced on 1 July 2005.

3 Definitions

  In these Regulations:
Act means the Native Title Act 1993.
executive officer:
 (a) in relation to an representative body:
 (i) means an executive officer within the meaning of section 201A of the Act; and
 (ii) without limiting subparagraph (i), includes the Chief Financial Officer of the representative body; and
 (b) in relation to a related body corporate — means:
 (i) a director of the body corporate; or
 (ii) any other person who is concerned in, or takes part in, the management of the body corporate at a senior level.
related body corporate has the same meaning as in the Corporations Act 2001.

4 Qualifications of auditor

  For subsection 203DC (5) of the Act, the following qualifications are prescribed for a person for appointment to audit the financial statements of a representative body:
 (a) for an individual — the person must be a registered company auditor within the meaning of the Corporations Act 2001;
 (b) for a body corporate — the person must be an authorised audit company within the meaning of the Corporations Act 2001;
 (c) the person must not be a member, employee, or executive officer of:
 (i) the representative body; or
 (ii) a related body corporate.

Note

1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au.