Audit exemptions

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Under s.30A of the Auditor-General Act 2009, a public sector entity may be exempt from audit by the Auditor-General for a financial year.

This will only occur if the Auditor-General is reasonably satisfied that the audit is small in size and low in risk. The criteria applied by the Auditor-General in making this assessment is included in the Auditor-General of Queensland Auditing Standards.

An entity may be granted an exemption from audit by the Auditor-General for a maximum of three financial years. However, a further exemption may be granted at the expiry of that three-year period.

If an exemption is granted, an appropriately qualified person must be engaged to audit the entity for that period. The Auditor-General has the right to repeal an exemption granted under s.30A.

Exemption has currently been granted for the following entities: 

  • Artspace Mackay Foundation Ltd
  • Balance the Earth Trust
  • Brisbane Festival Limited 
  • Bundaberg Health Services Foundation 
  • Central Western Queensland Remote Area Planning and Development Board (RAPAD) 
  • Far North Queensland Hospital Foundation 
  • Far North Queensland Regional Organisation of Councils 
  • Gold Coast Hospital Foundation 
  • Gulf Savannah Development Inc. 
  • Ipswich Hospital Foundation 
  • Leichhardt Highway Promotions Association Inc.
  • Mackay Hospital Foundation 
  • Major Brisbane Festivals Pty Ltd 
  • Mt Gravatt Showgrounds Trust 
  • North Queensland Local Government Association 
  • North West Queensland Regional Organisation of Councils
  • PA Research Foundation 
  • Palm Island Community Company Limited 
  • Queensland Education Leadership Institute Limited 
  • Queensland Music Festival Pty Ltd 
  • Queensland Tertiary Admissions Centre Limited 
  • Queensland Theatre Company 
  • Queensland Trust for Nature Fund 
  • South West Regional Development Association Inc. 
  • Sunshine Coast Health Foundation 
  • Supreme Court Library Committee 
  • Surveyors Board of Queensland 
  • The Board of Trustees of Newstead House 
  • Toowoomba Hospital Foundation 
  • Townsville Hospital Foundation