(1) The financial statements prepared under section 16 shall be audited by the Auditor-General.
(2) Notwithstanding any other Act or rule of law, the Auditor-General shall be appointed the auditor of any corporation, trust, partnership, or other body formed to manage, operate, or construct the Lambton Harbour Development Project where the combined value of the shareholding, right to appoint trustees or other administrators, or other form of control over the body so formed of the Board and the Council, together with any other local authority, public body, government department, or the Crown (or any combination of them) is 50% or more of the total shareholding, power of appointment, or other form of control, as the case may be.
(3) In any other case, either the Auditor-General or a person or firm that is qualified for appointment as an auditor of a company shall be appointed auditor as may be determined by the parties to the corporation, trust, partnership, or other body.
(4) For the purposes of carrying out the duties imposed by this section, the Auditor-General shall have and may exercise all the powers and functions that it has under the Public Audit Act 2001 in respect of money and shares of a local authority and persons dealing therewith.
Section 17(1): amended, on 1 July 2001, pursuant to section 52 of the Public Audit Act 2001 (2001 No 10).
Section 17(2): amended, on 1 July 2001, pursuant to section 52 of the Public Audit Act 2001 (2001 No 10).
Section 17(3): amended, on 1 July 2001, pursuant to section 52 of the Public Audit Act 2001 (2001 No 10).
Section 17(4): amended, on 1 July 2001, pursuant to section 52 of the Public Audit Act 2001 (2001 No 10).
Section 17(4): amended, on 1 July 2001, pursuant to section 54(1)(a) of the Public Audit Act 2001 (2001 No 10).