CORPORATIONS ACT 2001

SCHEDULE 2 - INSOLVENCY PRACTICE SCHEDULE (CORPORATIONS)  

Note: See section 600K .

PART 3 - GENERAL RULES RELATING TO EXTERNAL ADMINISTRATIONS  

Division 70 - Information  

Subdivision C - Record-keeping  

CLAUSE 70-20   AUDIT OF ADMINISTRATION BOOKS - ON ORDER OF THE COURT  

70-20(1)  
The Court may order that an audit of the books referred to in section 70-5 (annual administration return), 70-6 (end of administration return) or 70-10 (administration books) be conducted by a registered company auditor.

70-20(2)  
The order may be made on application of:


(a) any person with a financial interest in the external administration of the company; or


(b) an officer of the company.

70-20(3)  
Paragraph (2)(b) has effect despite section 198G .

Note: Section 198G deals with powers of officers etc. while a company under external administration.

70-20(4)  
The Court may make such orders in relation to the audit as it thinks fit, including:


(a) the preparation and provision of a report on the audit; and


(b) orders as to the costs of the audit.


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