Corporations (Aboriginal and Torres Strait Islander) Consequential, Transitional and Other Measures Act 2006 (125 of 2006)

Schedule 3   Transitional provisions

Part 2   Bringing transitional corporations across to new system

Division 11   Reporting for financial year ending on 30 June 2008

64   Examiner's report

As soon as practicable after the report has been prepared, the transitional corporation must cause a person authorised by the CATSI Registrar for the purposes of this item:

(a) to examine whether, during the financial year:

(i) the directors; and

(ii) the corporation;

complied with the corporation's constitution, the new Act and this Schedule; and

(b) to examine whether the balance sheet, and income and expenditure statement, for the financial year are:

(i) based on proper accounts and records; and

(ii) are in agreement with those accounts and records; and

(c) to give the transitional corporation a report of the results of those examinations, drawing attention to any irregularity that it has disclosed.