Section 97 of the Constitution of Urabba Parks

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Section 97 of the Constitution of Urabba Parks provides for the appointment and terms of office of the company auditor.

Compiled text (Section 97 - Audit)

Appointment of company auditors

(1)    The appointment of the auditors of Urabba Parks shall be vested in the Manager‑General in Council.

Fees of auditors

(2)    There shall be payable to the Enactor out of the Consolidated Revenue Fund of Urabba Parks, for the fees of the company auditor, an annual sum which, until the Parliament otherwise provides, shall be $20.

(3)    The remuneration of the auditor shall not be diminished during the appointment without the consent of the auditor.

Enactment information

Status

Proposed

Commencement

Law not made

Entrenchments

Endnotes

Please see information about the endnotes and the abbreviation key

Legislation history
Statute or Instrument Number and year Assent Commencement Application, saving and transitional provisions
Constitution Adoption 2021 No. 1, 2021 11 Jan 2021 1 Feb 2021 (gaz 2021,p. 1)
Amendment history
Provision affected How affected

Relevant notes from the explanatory memorandum

244. Subsection (1) provides for the mechanism for the appointment of the company auditor by the Manager General in Council.  This provision is to clarify that Government is responsible for the appointment of the auditor.

245. Subsection (2) provides the Parliament may set the remuneration of the company auditor and provides for a default nominal remuneration of $20.  Subsection (3) restricts the power of the Parliament to reduce the auditor’s fees while they are in office.  These provisions are to clarify the Parliament’s position in regards to the setting of the auditor’s remuneration while securing the independence of the auditor.

See also

Notes

Judgments

Further reading

External links