Rural Lands Protection (General) Amendment (Auditing) Regulation 2006 (NSW)
2006 No 796
New South Wales
Rural Lands Protection (General)
Amendment (Auditing) Regulation
2006
under the
Rural Lands Protection Act 1998
Her Excellency the Governor, with the advice of the Executive Council, has made the following Regulation under the Rural Lands Protection Act 1998.
IAN MACDONALD, M.L.C., Minister for Primary Industries
Explanatory note
This Regulation is made in connection with the commencement of the Rural Lands
Protection Amendment Act 2006.
Section 55J (1) (b) of the Rural Lands Protection Act 1998 (which is to be inserted into that
Act by the Rural Lands Protection Amendment Act 2006) provides that a rural lands
protection board’s auditor, for the purpose of forming an opinion as to whether the
requirements of that Act and the regulations under that Act are being complied with, must
inspect the board’s accounting records and other records necessary in order to carry out the
auditor’s functions at such periods as may be prescribed by the regulations or set out in
guidelines issued by the State Council of Rural Lands Protection Boards.
The object of this Regulation is to amend the Rural Lands Protection (General) Regulation
2001 to prescribe the periods at which those inspections of records must be carried out (the
prescribed periods being after the first 6 months of each financial year).
The Regulation also, consequently, provides that each rural lands protection board must:
| (a) | ensure that, within 1 month after the first 6 months of each financial year, the board’s ledgers are balanced and a list of ledger balances is prepared so as to enable the board’s auditor to conduct a six-monthly inspection of the board’s accounting records, and |
| (b) | as soon as practicable afterwards, notify the board’s auditor that those records are available for inspection. |
This Regulation is made under the Rural Lands Protection Act 1998, including sections 55J and 243 (the general regulation-making power).
| Published in Gazette No 189 of 22 December 2006, page 11730 | Page 1 |
| 2006 No 796 | |
| Clause 1 | Rural Lands Protection (General) Amendment (Auditing) Regulation 2006 |
Rural Lands Protection (General) Amendment
(Auditing) Regulation 2006
under the
Rural Lands Protection Act 1998
1 Name of Regulation
This Regulation is the Rural Lands Protection (General) Amendment
(Auditing) Regulation 2006.
2 Commencement
This Regulation commences on 1 January 2007.
3 Amendment of Rural Lands Protection (General) Regulation 2001
The Rural Lands Protection (General) Regulation 2001 is amended as set out in Schedule 1.
2006 No 796
Rural Lands Protection (General) Amendment (Auditing) Regulation 2006
| Amendment | Schedule 1 |
| Schedule 1 | Amendment |
(Clause 3)
Clause 70
Insert after clause 69:
70 Half-yearly inspection of board’s accounting records
(1) For the purposes of section 55J (1) (b) of the Act, the prescribed
periods are after the first 6 months of each financial year.(2) A board must:
(a)
ensure that, within 1 month after the first 6 months of each financial year, the board’s ledgers are balanced and a list of ledger balances is prepared so as to enable the board’s auditor to conduct a six-monthly inspection of the board’s accounting records, and
(b)
as soon as practicable afterwards, notify the board’s auditor that those records are available for inspection.
BY AUTHORITY
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