Document ID: chunk:federal_register_of_legislation:C2004A02018:body:0:p47
Version: federal_register_of_legislation:C2004A02018
Segment Type: other
Provision Reference: 
Character Range: 116156–118832

for that other company (except where that other company is concerned only in a fiduciary capacity); or
          (ii) by, or by a nominee for, a subsidiary of that other company, not being a subsidiary that is concerned only in a fiduciary capacity,
        shall be treated as held or exercisable by that other company;
      (c) any shares held or power exercisable by any person by virtue of the provisions of any debentures of the first-mentioned company, or of a trust deed for securing any such debentures, shall be disregarded; and
      (d) any shares held or power exercisable by, or by a nominee for, that other company or its subsidiary (not being held or exercisable as mentioned in paragraph (c)) shall be treated as not held or exercisable by that other company if the ordinary business of that other company or its subsidiary, as the case may be, includes the lending of money and the shares are held or the power is exercisable solely by way of security for the purposes of a money-lending agreement.
"(8) A reference in this Division to a holding company of another incorporated company shall be read as a reference to an incorporated company of which that other company is a subsidiary.

Audit &c., by arrangement
"63p. (1) The functions of the Auditor-General under this Act extend to the carrying out, at the discretion of the Auditor-General—
      (a) of an inspection and audit of the accounts and records of a body—
          (i) where a Minister requests the Auditor-General to carry out the inspection and audit and arranges with the body for its accounts and records to be made available for the purpose; or
          (ii) in accordance with an arrangement made under sub-section (2); and
      (b) of an inspection and audit of accounts and records of the Government of a country other than Australia where a Minister requests the Auditor-General to carry out the inspection and audit and the Government of that country arranges with the Auditor-General for the relevant accounts and records to be made available to him for the purpose.
"(2) The Auditor-General may, at the request of a Minister, make an arrangement with a body for the carrying out by the Auditor-General of the inspection and audit of the accounts and records of the body, and may, with the consent of a Minister, vary or revoke such an arrangement.
"(3) An arrangement made under sub-section (2) with a body may include provision for the payment of a fee by the body to the Commonwealth in respect of the carrying out of an inspection and audit to which the arrangement relates.

Audit fees
"63q. (1) Where the Auditor-General carries out, whether under this Part or otherwise,