(1) The Commissioner
may direct an incorporated association to cause —
(a) the
whole or any specified part of the association’s financial records to be
audited; and
(b) an
auditor’s report to be lodged with the Commissioner,
within the time
specified in the direction.
(2) The direction may
be given regardless of whether the financial records have previously been
audited.
(3) An incorporated
association to which the direction is given must ensure that the direction is
complied with.
Penalty: a fine of $2 750.
(4) An auditor’s
report under this section must state whether the incorporated
association’s financial records —
(a) have
been properly kept; and
(b) give
a true and fair view of the association’s affairs.