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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
- Central Western Queensland Remote Area Planning and Development Board (RAPAD)
- Far North Queensland Regional Organisation of Councils
- Gulf Savannah Development Inc.
- Leichhardt Highway Promotions Association Inc.
- Major Brisbane Festivals Pty Ltd
- Mt Gravatt Showgrounds Trust
- Northern Alliance of Councils Incorporated
- North West Queensland Regional Organisation of Council
- 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.
- Supreme Court Library Committee
- Surveyors Board of Queensland
- The Board of Trustees of Newstead House
- Wide Bay Burnett Regional Organisation of Councils Inc.