Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Chair of the AUASB, under the Minister, is responsible for managing the Office of the AUASB.
(2) In particular, the Chair of the AUASB is responsible for approving:
(a) the AUASB's priorities, business plans and procedures; and
(b) the Office of the AUASB's budgets and staffing arrangements (including level, structure and composition of staffing).
(3) If the Chair of the AUASB takes action that is inconsistent with any advice the FRC has given under paragraph 225(2A)(b) or (ba), he or she must:
(a) make a written record of his or her reasons for not following the advice; and
(b) give a copy of the advice and of his or her reasons to the Minister; and
(c) include a copy of the advice and of his or her reasons in
the annual report given by the Chair under section 46 of the
Public Governance, Performance and Accountability Act 2013 for the period
during which the action is taken.