South Australian Repealed Acts

This legislation has been repealed.

RENMARK IRRIGATION TRUST ACT 1936 - SECT 22

22—Election and retirement of auditors

        (1)         There shall be two auditors for the trust.

        (2)         Auditors shall be nominated and elected by the ratepayers in like manner as members are nominated and elected but no person shall be elected as or continue to be an auditor unless he holds one or more of the prescribed qualifications.

        (2a)         For the purposes of this Act the prescribed qualifications for an auditor shall be—

            (a)         a local government auditor's certificate issued pursuant to Part 5 of the Local Government Act 1934 ;

            (b)         membership of the Institute of Chartered Accountants in Australia;

            (c)         membership of the Federal Institute of Accountants (Incorporated);

            (d)         membership of the Commonwealth Institute of Accountants;

            (e)         membership of the Association of Accountants of Australia Incorporated;

            (f)         the Diploma in Commerce of the University of Adelaide.

        (3)         Any auditor elected at an annual election shall hold office as from the first Monday in the September following his election.

        (4)         On the first Monday in every September one auditor shall retire from office. The auditor to retire shall be the one who has held office longest without re-election. If both have so held office the same length of time the auditor to retire shall be decided by lot to be drawn by the chairman one week at least before the day on which notice is given of the day for the nomination of candidates for election. If the chairman fails so to draw lots, both auditors shall retire.