Clause 6

by inserting, immediately after the word “shall,” in the first line of subsection (1), the words “as soon as practicable but”; and

by deleting subsections (3), (4) and (5) and substituting the following subsections:“(3) The Authority’s auditor may at any other time report to the Minister through the Authority upon any matter arising out of the performance of his audit.(4) The Authority’s auditor shall in his report state —

whether the financial statements show fairly the financial transactions and the state of affairs of the Authority;

whether proper accounting and other records have been kept, including records of all assets of the Authority whether purchased, donated or otherwise;

whether the financial statements are prepared on a basis similar to that adopted for the preceding year;

whether the financial statements are in agreement with the accounting and other records;

whether the receipts, expenditure, investment of moneys and the acquisition and disposal of assets by the Authority during the financial year have been in accordance with this Act; and

such other matters arising from the audit as he considers should be reported.(5) The remuneration of the Authority’s auditor shall be paid out of the funds of the Authority.”.