Australian Capital Territory Current Acts

UNIVERSITY OF CANBERRA ACT 1989 - SECT 38

    (1)     The Minister or Treasurer may ask the university for financial information that is not publicly available about a company the university has formed or participated in forming, or a joint venture the university has entered, if—

        (a)     the Minister or Treasurer reasonably considers the information is necessary to protect the interests of the Territory; and

        (b)     the information relates to a matter of significance being undertaken by the university.

    (2)     The university must comply with the request within a reasonable time after receiving it.

    (3)     In this section:

"matter of significance"—a matter to which financial information relates is a matter of significance if—

        (a)     it is significant when interpreted in accordance with accounting standards relating to materiality ordinarily used in Australia when the decision about whether it is significant is made; or

        (b)     a document published by the university identifies it as significant (however described); or

        (c)     a memorandum of understanding or other agreement between the Minister or Treasurer and the university identifies it as significant (however described); or

        (d)     it is prescribed under the financial management guidelines.