Queensland Consolidated Acts

GAS SUPPLY ACT 2003 - SECT 227

Each audited statement under section 226 must—

(a) comply with the standards in the statements of accounting and auditing standards made by CPA Australia and The Institute of Chartered Accountants in Australia; and

(b) be prepared by a person (the auditor) who is—

(i) registered, or taken to be registered, as an auditor under the Corporations Act; or

(ii) a member of, and holds a practising certificate from, CPA Australia, The Institute of Chartered Accountants in Australia or the National Institute of Accountants; and

(c) contain the auditor's opinion about whether the statement presents fairly the on-supplier's charges for the common area consumption during the period to which it relates, in accordance with the on-supplier's financial records; and

(d) compare each relevant estimate given under this part with the amount actually spent by the on-supplier on the common area consumption during the period; and

(e) compare the total amount actually spent by the on-supplier on common area consumption during the period with the amount actually paid for the period by anyone for the on-supplier's premises.