Section 323B — Corporations Act 2001: Controlled entity to assist auditor

(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.