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Local Government Act 2002

Council-controlled organisations and council organisations - Monitoring and reporting

70: Auditor-General is auditor of council-controlled organisations

You could also call this:

“The Auditor-General checks the books for groups run by the council”

You need to know that the Auditor-General is in charge of auditing council-controlled organisations. This is true even if the organisation is a company. It doesn’t matter what the Companies Act says about auditors. A council-controlled organisation, or any of its subsidiaries, is considered a public entity. This means the Auditor-General must be its auditor, as stated in the Public Audit Act 2001. The same rules apply to any smaller organisations that are part of the main council-controlled organisation.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM172301.

Topics:
Government and voting > Local councils
Money and consumer rights > Taxes
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“The council's company must show its money details and goals in a yearly report”

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Part 5 Council-controlled organisations and council organisations
Monitoring and reporting

70Auditor-General is auditor of council-controlled organisations

  1. Despite sections 207P to 207V of the Companies Act 1993, a council-controlled organisation or a subsidiary of a council-controlled organisation is a public entity as defined in section 4 of the Public Audit Act 2001 and, in accordance with that Act, the Auditor-General is its auditor.

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Notes
  • Section 70: amended, on , by section 126 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).