Corporations Act 2001

CHAPTER 2M - FINANCIAL REPORTS, SUSTAINABILITY REPORTS AND AUDIT  

PART 2M.3 - FINANCIAL AND SUSTAINABILITY REPORTING  

Division 3 - Audits and auditor ' s reports  

Note: This Division applies to sub-funds of retail CCIVs in a modified form: see section 1232G .

SECTION 307AB   AUDIT OF SUSTAINABILITY REPORT TO BE CONDUCTED IN ACCORDANCE WITH AUDITING STANDARDS  

307AB(1)    
If an individual auditor, or an audit company, conducts an audit of the sustainability report for a financial year, the individual auditor or audit company must conduct the audit in accordance with the auditing standards.

307AB(2)    
If an audit firm, or an audit company, conducts an audit of the sustainability report for a financial year, the lead auditor for the audit must ensure that the audit is conducted in accordance with the auditing standards.

Fault-based offence

307AB(3)    
A person commits an offence if the person contravenes subsection (1) or (2) .

Strict liability offence

307AB(4)    
A person commits an offence of strict liability if the person contravenes subsection (1) or (2) .

Note: For strict liability, see section 6.1 of the Criminal Code .