Auditor-General Regulation 2009


Queensland Crest
Auditor-General Regulation 2009

1Short title

This regulation may be cited as the Auditor-General Regulation 2009.

2Commencement

This regulation commences on 1 July 2009.

3Definition

In this regulation—
parents and citizens association means a parents and citizens association formed under the Education (General Provisions) Act 2006.

4Exemption of parents and citizens associations from audit by auditor-general—Act, s 31

(1)A parents and citizens association is exempted from audit by the auditor-general.
(2)A parents and citizens association must be audited each year by a person—
(a)appointed by the association each year at its annual general meeting or a special meeting; and
(b)who is—
(i)a member of CPA Australia who is entitled to use the letters ‘CPA’ or ‘FCPA’; or
(ii)a member of The Institute of Chartered Accountants in Australia who is entitled to use the letters ‘CA’ or ‘FCA’; or
(iii)a member of the Institute of Public Accountants who is entitled to use the letters ‘MIPA’ or ‘FIPA’; or
(iv)an employee of a public sector entity who has the maturity, commercial skills and experience to examine the books and accounts of the association; or
(v)an employee of an insurance company, financial institution or other financial or commercial organisation, who has the maturity, commercial skills and experience to examine the books and accounts of the association; and
(c)who, as far as is possible, is a local person aware of the activities of the association.
(3)However, a person who is a member of a parents and citizens association may audit the association only with the approval of the chief executive of the department in which the Education (General Provisions) Act 2006 is administered.

s 4 amd 2011 SL No. 190s 5

5Transitional provision for auditors appointed by an association

(1)This section applies if, before the commencement, a parents and citizens association appointed a person under former section 3(2) to audit the association for a financial year.
(2)The person is taken to have been appointed under section 4(2) of this regulation.
(3)In this section—
commencement means the commencement of this section.
former section 3(2) means section 3(2) of the Financial Administration and Audit Regulation 1995, as in force before the commencement.