Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) An auditor of the licensee has a right of access at all reasonable times to the financial records or other records (including any register) of the licensee.
(2) An auditor of the licensee is entitled to require:
(a) from the licensee; or
(b) if the licensee is a body corporate--from any director, secretary or senior manager of the licensee;
such assistance and explanations as the auditor desires for the purposes of audit.
(3) The licensee, or a director, secretary or senior manager of the licensee if it is a body corporate, must not:
(a) refuse or fail to allow an auditor of the licensee access, in accordance with subsection (1), to financial records or other records of the licensee; or
(b) refuse or fail to give assistance, or an explanation, to an auditor of the licensee as and when required under subsection (2); or
(c) otherwise hinder, obstruct or delay an auditor of the licensee in the performance or exercise of the auditor's duties or powers.
Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).