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CORPORATIONS ACT 2001 - SECT 323B

Controlled entity to assist auditor

             (1)  If a company, registered scheme or disclosing entity has to prepare a financial report that includes consolidated financial statements, an officer or auditor of a controlled entity must:

                     (a)  allow the auditor for the company, scheme or entity access to the controlled entity's books; and

                     (b)  give the auditor any information, explanation or assistance required under section 323A.

             (2)  An offence based on subsection (1) is an offence of strict liability.

Note:          For strict liability , see section 6.1 of the Criminal Code .



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