Section 323B — Corporations Act 2001 (Cth)

(1) If a company, registered scheme, registrable superannuation entity or disclosing entity has to prepare a financial report that includes consolidated financial statements or has to prepare a sustainability report as if a consolidated entity is a single entity, an officer or auditor of a controlled entity must:

(a) allow the auditor for the company, scheme or entity access to the controlled entity’s books; and

(b) give the auditor any information, explanation or assistance required under section 323A.

(2) An offence based on subsection (1) is an offence of strict liability.

Note: For strict liability, see section 6.1 of the Criminal Code.

Related sections

• s 322 — Relodgment if financial reports, sustainability reports or directors’ reports amended after lodgment
• s 323 — Directors and officers of controlled entity to give information
• s 323A — Auditor’s power to obtain information from controlled entity
• s 323C — Application of Division to entity that has ceased to be controlled
• s 323D — Meaning of financial year and half‑year—company, registered scheme and disclosing entity
• s 323DAAA — Financial years for registrable superannuation entities

Research how courts apply s 323B

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.