s. 16D means any form of financial financial benefit benefit, other than a financial benefit received by a person or body as consideration for goods or services provided by them under an agreement entered into on commercial terms. Example An example of a financial benefit is a payment made by a department to a body that is not obliged to provide goods or services of approximately equal value directly back to the department in return. S. 16D 16D Acting as auditor under the Corporations Act inserted by No. 36/2003 (1) The Auditor-General may accept appointment s. 20. under the Corporations Act as the auditor of a State company. (2) The Auditor-General may charge fair and reasonable fees in respect of the appointment. (3) This section does not limit the Auditor-General's functions under section 16E. (4) In this section, means a company State company of which the State or an authority has control. Note Section 3 defines by reference to the relevant control accounting standard. S. 16E 16E Other auditing services for authorities inserted by No. 36/2003 (1) At the request of an authority, the s. 20. may enter into an arrangement with the authority for the provision by the Auditor-General of other auditing services to the authority. (2) An authority may make a request under subsection (1) only with the approval of the Minister responsible for the authority.
financial benefit means any form of financial benefit, other than a financial benefit received by a person or body as consideration for goods or services provided by them under an agreement entered into on commercial terms. Example An example of a financial benefit is a payment made by a department to a body that is not obliged to provide goods or services of approximately equal value directly back to the department in return. S. 16D inserted by No. 36/2003 s. 20. 16D Acting as auditor under the Corporations Act s. 16D (1) The Auditor-General may accept appointment under the Corporations Act as the auditor of a State company. (2) The Auditor-General may charge fair and reasonable fees in respect of the appointment. (3) This section does not limit the Auditor-General's functions under section 16E. (4) In this section, State company means a company of which the State or an authority has control. Note Section 3 defines control by reference to the relevant accounting standard. S. 16E inserted by No. 36/2003 s. 20. 16E Other auditing services for authorities (1) At the request of an authority, the may enter into an arrangement with the authority for the provision by the Auditor-General of other auditing services to the authority. (2) An authority may make a request under subsection (1) only with the approval of the Minister responsible for the authority.
94-2a061.docx