Banking Act 1959

Part II - Provisions relating to the carrying on of banking business  

Division 2A - Auditors of ADIs and authorised NOHCs and their subsidiaries  

SECTION 16AV   Appointed auditor ' s functions and duties  

(1)  
This section applies if the prudential standards require an auditor to be appointed.

(2)  
The appointed auditor must perform the functions and duties of an auditor that are set out in the prudential standards.

(3)  
The appointed auditor must comply with the prudential standards in performing the functions and duties.

(4)  


The ADI or authorised NOHC, or subsidiary of an ADI or authorised NOHC, to whom the prudential standards apply must make any arrangements that are necessary to enable the appointed auditor to perform the functions and duties.



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