Clause 42

The Minister shall nominate in each year the Auditor-General or any person who is an approved company auditor for the purposes of the Companies Act (Cap. 185) to audit the accounts of the Authority.

The Authority’s auditor shall be paid such remuneration, expenses or fees as the Minister, after consultation with the Authority, shall determine.

For the purpose of the audit of accounts under this Act, the Authority’s auditor may by notice in writing require the production before him of any book, deed, contract, account, voucher or other document which he may deem necessary to call for, and may require a person holding or accountable for such document to appear before him and make and sign a statement in relation thereto and may require such person to furnish such information as he deems necessary.

A person who, being required by the auditor under subsection (3) to produce a document or to appear before him and make and sign a statement as aforesaid or to furnish information, fails without reasonable excuse to comply with such requisition, shall be guilty of an offence under this Act and shall be liable on conviction to a fine not exceeding two hundred dollars and, in the case of a continuing failure to comply with such requisition, to a fine not exceeding one hundred dollars for every day or part thereof during which such failure is continued after the date of conviction.