Federal Register of Legislation - Australian Government

Primary content

Audit Regulations (Amendment)

  • - C2004L00694
  • No longer in force
SR 1995 No. 242 Regulations as made
These Regulations amend the Audit Regulations.
Tabling HistoryDate
Tabled HR28-Aug-1995
Tabled Senate28-Aug-1995
Gazetted 16 Aug 1995
Date of repeal 01 Jan 1998
Repealed by Repeal of the enabling legislation by Audit (Transitional and Miscellaneous) Amendment Act 1997

Commonwealth Coat of Arms of Australia

Statutory Rules 1995   No. 2421


Audit Regulations2 (Amendment)

I, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Audit Act 1901.

Dated 9 August 1995.


                                                                                    BILL HAYDEN


By His Excellency’s Command,




Minister for Finance


1.   Amendment

1.1   The Audit Regulations are amended as set out in these Regulations.

[NOTE: These Regulations commence on gazettal: see Acts Interpretation Act 1901, s. 48.]

2.   Schedule 1 (Authorities and bodies to which section 70BA of the Act applies) and Schedule 2 (Companies to which section 70BA of the Act applies)

2.1   Omit the Schedules, substitute:



                                              SCHEDULE 1                  Subregulation 3 (1)


Authorities and bodies to which section 70BA

of the Act applies


Aboriginal and Torres Strait Islander Commercial Development   Corporation

Aboriginal and Torres Strait Islander Commission

Administrative Appeals Tribunal

Airservices Australia

Albury-Wodonga Development Corporation

Anglo-Australian Telescope Board

Army and Air Force Canteen Service

ASP Ship Management

Australia Council

Australia-Japan Foundation

Australian Broadcasting Authority

Australian Broadcasting Corporation

Australian Bureau of Criminal Intelligence

Australian Centre for International Agricultural Research

Australian Dairy Corporation

Australian Dried Fruits Board

Australian Film Commission

Australian Film, Television and Radio School

Australian Fisheries Management Authority

Australian Hearing Services

Australian Heritage Commission

Australian Horticultural Corporation

Australian Industrial Registry

Australian Industry Development Corporation

Australian Institute of Aboriginal and Torres Strait Islander Studies

Australian Institute of Criminology

Australian Institute of Family Studies

Australian Institute of Health and Welfare

Australian Institute of Marine Science

Australian Maritime College

SCHEDULE 1—continued

Australian Maritime Safety Authority

Australian Meat and Live-stock Corporation

Australian National Maritime Museum

Australian National Railways Commission

Australian National Training Authority

Australian National University

Australian Nuclear Science and Technology Organisation

Australian Numerical Simulation and Modelling Services

Australian Pork Corporation

Australian Postal Corporation

Australian Securities Commission

Australian Sports Commission

Australian Sports Drug Agency

Australian Telecommunications Authority

Australian Tobacco Marketing Advisory Committee

Australian Tourist Commission

Australian Trade Commission

Australian Trade Union Training Authority

Australian Transaction Reports and Analysis Centre

Australian War Memorial

Australian Wheat Board

Australian Wine and Brandy Corporation

Australian Wool Research and Promotion Organisation


Chicken Meat Research and Development Council

Civil Aviation Authority

Civil Aviation Safety Authority

Coal Mining Industry (Long Service Leave Funding) Corporation

Cocos (Keeling) Islands Postal and Philatelic Service


Commission for the Conservation of Antarctic Marine Living Resources

Commonwealth Development Bank of Australia

Commonwealth Grants Commission

Commonwealth Scientific and Industrial Research Organisation

Commonwealth Superannuation Board of Trustees No. 1

Commonwealth Superannuation Board of Trustees No. 2

Companies and Securities Advisory Committee

Construction Industry Development Agency

Cotton Research and Development Corporation

SCHEDULE 1—continued


Criminology Research Council


Dairy Research and Development Corporation

Defence Housing Authority

Defence Service Homes Insurance Scheme

Director of Australian Nature Conservation Agency

Dried Fruits Research and Development Council


Egg Industry Research and Development Council

Employment Services Regulation Authority

Energy Research and Development Corporation

Export Finance and Insurance Corporation


Fairview Rise Joint Venture

Fairway Development Joint Venture

Family Court of Australia

Federal Airports Corporation

Federal Court of Australia

Fisheries Research and Development Corporation

Forest and Wood Products Research and Development Corporation


Grains Research and Development Corporation

Grape and Wine Research and Development Council

Great Barrier Reef Marine Park Authority


Health Insurance Commission

High Court of Australia

Holsworthy and Anzac Village Redevelopment Joint Venture

Honeybee Research and Development Council

Horticultural Research and Development Corporation

Housing Loans Insurance Corporation


Indigenous Land Corporation

Industrial Relations Court


Joint Coal Board


Land and Water Resources Research and Development Corporation

Laverton Joint Venture

Law Reform Commission


SCHEDULE 1—continued


Leichhardt Co-Venture

Linertrains Joint Venture


Meat Research Corporation

Military Superannuation and Benefits Board of Trustees No. 1

Moverly Green Joint Venture

Murray-Darling Basin Commission

Murray-Darling Freshwater Research Centre


National Aeronautics and Space Administration

National Cultural Heritage Fund

National Debt Commission

National Food Authority

National Gallery of Australia

National Health and Medical Research Council

National Library of Australia

National Museum of Australia

National Native Title Tribunal

National Occupational Health and Safety Commission

National Police Research Unit

National Registration Authority for Agricultural and Veterinary Chemicals

National Road Transport Commission

National Standards Commission

Nuclear Safety Bureau


Official Receivers within the meaning of section 15 of the Bankruptcy Act     1966

Official Trustee in Bankruptcy


Pig Research and Development Corporation

Pipeline Authority

Prices Surveillance Authority

Private Health Insurance Administrative Council


Registrars appointed under section 14 of the Commonwealth Inscribed          Stock Act 1911

Registrars in Bankruptcy

Reserve Bank of Australia

Rural Adjustments Scheme Advisory Council

SCHEDULE 1—continued


Rural Industries Research and Development Corporation


Seafarers Rehabilitation and Compensation Authority

Snowy Mountains Hydro-electric Authority

Special Broadcasting Service Corporation

Stevedoring Industry Finance Committee

Streeton Views Joint Venture

Sugar Research and Development Corporation


Telecom Australia (International) Limited and Olex Limited Partnership

The Trustee of the Aboriginal and Torres Strait Islander Education and          Cultural Advancement Trust

The Trustee of the Ceduna Joint Venture Participation Trust

The Trustee of the Mt Todd Joint Venture Participation Trust

The Trustee of the Nitmiluk Joint Venture Participation Trust

The Trustee of the Relkenet Unit Trust

The Trustee of the Sunwood Timber Joint Venture Participation Trust

The Trustee of the Torres Strait Islander Participation Trust

The Trustees for CFM Australian Equities Fund

The Trustees for CFM Cash Management Fund

The Trustees for CFM Cotton Fund

The Trustees for CFM Fixed Interest Fund

The Trustees for CFM International Equities Fund

The Trustees for CFM Pooled Superannuation Trust

The Trustees for CFM Property Fund

The Trustees for CFM Rural Investment Fund

The Trustees for Commonwealth Funds Management Limited General           Investment Trusts

The Trustees for the Australian Film Finance Corporation Superannuation      Fund

The Trustees for the Colly Trust

The Trustees for the Commonwealth Funds Management Pooled          Superannuation Trust

The Trustees of Commonwealth ADF

The Trustees of Commonwealth Bank Approved Deposit Fund

The Trustees of the Aboriginal and Torres Strait Islander Land Fund

The Trustees of the Aboriginals Benefit Trust Account

The Trustees of the Australian Military Forces Relief Trust Fund


SCHEDULE 1—continued


The Trustees of the Commonwealth Investment Fund

The Trustees of the Commonwealth Investment Trust

The Trustees of the Commonwealth Retirement Fund

The Trustees of the Commonwealth Superannuation Scheme Additional        Contributions Trust Fund

The Trustees of the Officers’ Superannuation Fund of the Commonwealth    Bank Officers’ Superannuation Corporation

The Trustees of the OTC Staff Superannuation Scheme

The Trustees of the QPSX Employees Share Scheme Trust

The Trustees of the QPSX Superannuation Fund

The Trustees of the Reserve Bank of Australia UK Pension Scheme

The Trustees of the Reserve Bank Officers’ Superannuation Fund

The Trustees of the Royal Australian Air Force Veterans’ Residences   Trust

The Trustees of the Royal Australian Air Force Welfare Trust Fund

The Trustees of the Royal Australian Navy Relief Trust Fund

The Trustees of the Telecom Superannuation Scheme

The Trustees of the Telecommunications Productivity Superannuation Scheme

The Trustees of the Telecommunications Superannuation Scheme

The Trustees, CLL Property Trust

The Trustees, Commonwealth Bank of Australia (U.K.) Staff Benefits           Scheme

The Trustees, Commonwealth Life Mastertrust

The Trustees, Commonwealth Life Personal Superannuation Fund

Tobacco Research and Development Corporation

Torres Strait Regional Authority

Trustees of the Australian High Commission Britain Locally Engaged Staff Pension Scheme


University of Canberra


Wattle Grove Joint Venture

Willows Development Joint Venture

Wool International



                                               SCHEDULE 2                 Subregulation 3 (2)


Companies to which section 70BA of the Act applies


A.E. Trethowan Pty Limited

Aboriginal Hostels Limited

Agriculture Australia Pty Limited

AIDC Limited

AMC Search Limited

Anamet Pty Limited

ANL Limited

Apiwentye Pastoral Co Pty Limited

Australian Art Exhibition Corporation Limited

Australian Contemporary Music Development Company Limited

Australian Defence Industries Limited

Australian Film Finance Corporation Limited

Australian Marine Science and Technology Limited

Australian Multimedia Enterprise Limited

Australian Sports Foundation

Australian Technology Group Limited

Australian Wool Corporation Holdings Pty Limited

Avalon Airport Geelong Pty Limited

Aviatek Pty Limited


Baroona Pty Limited

Baruwei Enterprises Pty Limited

Beckersley Pty Limited

Besoku Pty Limited

Besola Pty Limited

Besome Pty Limited

Besonol Pty Limited

Besori Pty Limited

Besula Pty Limited

Besuni Pty Limited

Besute Pty Limited

Besuvo Pty Limited

Besuxu Pty Limited

Betabu Pty Limited

Betadi Pty Limited

Betale Pty Limited

Betana Pty Limited


SCHEDULE 2—continued


Betaxo Pty Limited

Betedo Pty Limited

Beteken Pty Limited

Beteli Pty Limited

Betepa Pty Limited

Betevu Pty Limited

Betili Pty Limited

Betime Pty Limited

Betinal Pty Limited

Brisbane Gateway Terminals Limited

Bundanoon Trust Limited


CAA Assets Pty Limited

CAA Staff Superannuation Pty Limited

CFM (ADF) Limited

CFM Management Pty Limited

CFML Nominees Pty Limited

Clean Foods Marketing Australia Limited

CMTEK Pty Limited

Coal Mines Insurance Pty Limited

Colly Farms Cotton Limited

Colly Farms Gin Pty Limited

Colly Farms Limited

Colly Farms Management Pty Limited

Colly Farms Marketing Pty Limited

Colly Farms Nominees Pty Limited

Colly Farms Properties Pty Limited

Colly Farms Risk Management Pty Limited

Com-Law (No.18) Pty Limited

Commonwealth Bank of Australia

Commonwealth Funds Management Limited


Defence Technologies Australia Pty Limited


East-Aust. Pipeline Limited

Edward River Crocodile Farm Pty Limited


Film Australia Limited

Fox Laboratories Limited

SCHEDULE 2—continued


Gateway Holdings Pty Limited


Idameneo (No.145) Pty Limited

Idameneo (No.156) Pty Limited

Idameneo (No.157) Pty Limited

Idameneo (No.158) Pty Limited

Idameneo (No.159) Pty Limited

Information Switching Technology Pty Limited


Landcare Australia Limited

Lawpoint Pty Limited

Lyer Nystal Pty Limited


Mimotech Limited

Moreton Equipment and Services Co. Pty Limited

Morr Morr Pastoral Co Pty Limited


National Australia Day Council Limited

National Gallery of Australia Foundation

National Hearing Aid Systems Pty Limited

National Rail Corporation Limited

National Training Board Limited


OTC Electronic Trading Pty Limited


Patrick Terminals (QLD) Pty Limited

Peake Pty Limited

Phosphate Mining Company of Christmas Island Limited

Puerto Limited


Qantas Airways Limited

QPSX Communications Australia Pty Limited

QPSX Communications Limited


Radarscan Pty Limited


Saline Pty Limited

SBV Staff Superannuation Pty Limited


Snowy Mountains Engineering Corporation Limited


SCHEDULE 2—continued


Sprintpak Pty Limited


T-Net Pty Limited

Telecom Finance Limited

Telecom Messagetech Pty Limited

Telecom Super Pty Limited

Telecom Technologies Pty Limited

Telecommunications Equipment Finance Pty Limited

Telecommunications Power Pty Limited

Telesoft Communications Pty Limited

Telstra Corporation Limited

The Tubbo Estate Company Proprietary Limited

Trans-United Pty Limited

Transport Communications Australia Pty Limited

Yeperenye Pty Limited



1.   Notified in the Commonwealth of Australia Gazette on 16 August 1995.

2.   Statutory Rules 1979 No. 284; 1981 Nos. 41, 259 and 348; 1982 No. 148; 1984 No. 125; 1985 Nos. 132, 302 and 303; 1986 No. 297; 1987 Nos. 30, 150 and 228; 1988 Nos. 4, 130 and 318; 1989 No. 238; 1990 No. 380; 1991 No. 323; 1993 Nos. 58 and 360; 1994 Nos. 177 and 285.