Page 3372 - Week 12 - Tuesday, 17 September 1991
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auditor retires at that meeting or a resolution to remove the auditor from office is passed at that meeting.
"(8) If an auditor of an incorporated association becomes aware that the association or the committee have made default in complying with section 69 or the provisions of section 73 relating to the laying of accounts before the annual general meeting of the association, the auditor shall immediately inform the Registrar by notice in writing and if accounts have been prepared and audited, send to the Registrar a copy of the accounts and of the auditor's report on those accounts.
"(9) Except in a case to which subsection (7) applies, if an auditor, in the course of the performance of duties as auditor of an incorporated association, is satisfied that -
(a) there has been a contravention of this Act; and
(b) the circumstances are such that in the auditor's opinion the matter has not been or will not be adequately dealt with by comment in the auditor's report on the accounts or by bringing the matter to the notice of the committee of the association;
the auditor shall forthwith report the matter to the Registrar by notice in writing.
"(10) In this section -
'auditor' means an auditor of an incorporated association prescribed for the purposes of this section.".
Briefly, members are aware of it now; but, for the record, it is the view of my political grouping at least, and I believe that other members will agree, that the test for an auditor should be different at the top end of the club spectrum. I was reminded of that just today, Mr Speaker, when I looked at the balance sheet of the Southern Cross Club for the year ended 30 June 1989 which I have. At the end of that year the club held, according to documents before me, $7,548,711 in members' funds. That is a big sum, Mr Speaker. That is reflected by an even greater sum in terms of non-current assets. That exemplifies the reason why this club, and most other clubs, quite properly use a company auditor.
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