Document ID: chunk:federal_register_of_legislation:C2012C00824:clause:2_27
Version: federal_register_of_legislation:C2012C00824
Segment Type: clause
Provision Reference: sch 2 cl 27
Character Range: 103373–104645

27  Validation of audit fees paid
(1) This item applies if, before commencement, the financial statements of an Australian government superannuation scheme were audited by the Auditor‑General.
(2) ARIA is taken always to have been liable to pay audit fees for an audit of the financial statements of the CSS, PSS or PSSAP for a financial year beginning on or after 1 July 2006 and ending before 1 July 2011.
(3) The CSS Board is taken always to have been liable to pay audit fees for an audit of the financial statements of the CSS for a financial year beginning on or after 1 July 1997 and ending before 1 July 2006.
(4) The PSS Board is taken always to have been liable to pay audit fees for an audit of the financial statements of the PSS for a financial year beginning on or after 1 July 1997 and ending before 1 July 2006.
(5) The MSB Board is taken always to have been liable to pay audit fees for an audit of the financial statements of the MSB for a financial year beginning on or after 1 July 1997 and ending before 1 July 2011.
(6) If any payment claims or payment claims for instalments were issued by the Auditor‑General in respect of an audit to which this item applies, the Auditor‑General is taken always to have had the power to issue the payment claims.