CORPORATIONS ACT 2001 - SECT 323B Controlled entity to assist auditor

CORPORATIONS ACT 2001 - SECT 323B

  (1)   If a company, registered scheme, registrable superannuation entity or disclosing entity has to prepare a financial report that includes consolidated financial statements, an officer or auditor of a controlled entity must:

  (a)   allow the auditor for the company, scheme or entity access to the controlled entity's books; and

  (b)   give the auditor any information, explanation or assistance required under section   323A.

  (2)   An offence based on subsection   (1) is an offence of strict liability.

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