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Job Network Monitoring Authority Bill 2000 [No. 2]

Part 3 Miscellaneous

22   Annual Report

                   The annual report on the Authority under section 9 of the Commonwealth Authorities and Companies Act 1997 must also include:

                     (a)  particulars of any directions given by the Minister under section 7 during the financial year; and

                     (b)  such additional information (if any) as is specified in the regulations.

23   Audit

             (1)       At least once a year, the Auditor-General must:

                     (a)  inspect and audit:

                              (i)  the accounts and records of the financial transactions of the Authority; and

                             (ii)  the records relating to assets of the Authority; and

                     (b)  report to the Minister the results of the inspection and audit.

             (2)  The Auditor-General may, however, decide to dispense with all or any part of the detailed inspection and audit of the accounts and records.

             (3)  The Auditor-General must as soon as practicable, report to the Minister any irregularity disclosed by the inspection and audit that the Auditor-General thinks is sufficiently important to be reported.

Note:          For the information-gathering powers of the Auditor-General, see Part 5 of the Auditor-General Act 1997.

24   Regulations

                   The Governor-General may make regulations prescribing matters:

                     (a)  required or permitted by this Act to be prescribed; or

                     (b)  necessary or convenient to be prescribed for carrying out or giving effect to this Act.