Common use of Audit Activity Clause in Contracts

Audit Activity. The Company and the Director undertake to engage an external professional with qualifications in accounting or workplace relations, or an external professional otherwise approved by the FWO, to perform bi-annual audits of compliance with Commonwealth workplace laws and instruments, including the Award (Audits), in relation to the Company and the other entities that the Director is also a director of. The Audits will: assess a sample of at least 20% of the workforce of each entity, across a range of classifications and types or categories of work; be conducted for all full pay periods where all or part of the period falls within the following dates: 1 February 2019 – 28 February 2019 - to be finalised by 30 April 2019; 1 September 2019 – 30 September 2019 - to be finalised by 30 November 2019; 1 February 2020 – 29 February 2020 - to be finalised by 30 April 2020; assess the Company’s compliance with: wages or work-related entitlements under any applicable industrial instruments, including the Award, and the National Employment Standards; method and frequency of payment obligations under section 323 of the FW Act; record keeping and pay slip obligations listed within Division 3 of Part 3-6 of the FW Act and within the FW Regulations; Within 30 days of each of the finalisation dates specified above in paragraph 11.6(a)(ii), the Company will provide a copy of the Audit report to the FWO, which will include: a statement about the methodology used to conduct the Audit; and details of any contraventions identified in the Audit; If requested by the FWO, the Company will provide the FWO with any records or documents used to conduct the Audit, including any working documents, within 14 days of such a request; Within 30 days of the completion of the Annual Audit, the Company will: rectify any contraventions, including any underpayments arising from contraventions identified; provide to the FWO evidence of such rectification; in the event that after making reasonable efforts, the Company is unable to locate any employee(s) to whom money is owed, the Company will make an application to the Commonwealth of Australia (through the FWO) in accordance with section 559 of the FW Act to pay the money into the Commonwealth Revenue Fund (CRF). (Any employees that have underpayments paid into the CRF can contact the FWO to claim the money).

Audit Activity. The At its own expense, the Company and the Director undertake undertakes to engage an external accounting professional with qualifications in accounting or workplace relations, (for example a Certified Practising Accountant) or an external professional otherwise approved by the FWOemployment law specialist, to perform bi-annual audits of the Company’s compliance with all Commonwealth workplace laws and instruments, including the Award instruments (Audits), in relation including the Clerks Award and FW Act; The Audits will include the pay and conditions of all employees; and Will ensure that the following requirements are met: 21 days prior to the Company and Audit due date/s, as specified below will provide for the other entities that the Director is also a director of. The Audits will: assess a sample of at least 20% FWO’s approval, details of the workforce of each entity, across a range of classifications and types or categories of workmethodology to be used to conduct the Audit; the Audit will be conducted for all full pay periods where all or any part of the period falls within the following dates: 1 February January 2019 to 31 January 2019 – 28 February 2019 - audit report to be finalised and provided to the FWO by 30 April 28 March 2019; 1 July 2019 to 31 July 2019 – audit report to be finalised and provided to the FWO by 28 September 2019; 1 September 2019 January 2020 to 31 January 2020 – 30 September 2019 - audit report to be finalised and provided to the FWO by 30 November 2019; 1 February 2020 – 29 February 2020 - to be finalised by 30 April 28 March 2020; assess In the Company’s compliance with: wages or work-related entitlements under event an Audit discloses contraventions of any applicable industrial instrumentsCommonwealth workplace law and/or instrument, including the Award, and the National Employment Standards; method and frequency of payment obligations under section 323 of the FW Act; record keeping and pay slip obligations listed rectify all such contraventions within Division 3 of Part 3-6 of the FW Act and within the FW Regulations; Within 30 14 days of each of the finalisation dates specified above in paragraph 11.6(a)(ii)subclause (b) above, the Company will including rectification of any and all underpayments to employees and provide a copy evidence of the Audit report rectification to the FWO, which will include: a statement about the methodology used to conduct the Audit; and details of any contraventions identified in the Audit; If requested by the FWOrequested, the Company will provide the FWO with any all records or and documents used to conduct the Auditaudit, including any working documents, within 14 7 days of such a request; Within 30 If any Employee(s) identified as having underpayments owing to them cannot be located, within 60 days of the completion each of the Annual Auditfinalisation dates specified in subclause (b) above, the Company will: rectify any contraventions, including any underpayments arising from contraventions identified; provide to the FWO evidence of such rectification; in the event that after making reasonable efforts, the Company is unable to locate any employee(s) to whom money is owed, the Company will make an application to the Commonwealth of Australia (through the FWO) in accordance with section 559 of the FW Act to pay the money into the Commonwealth Revenue Fund (CRF)Fund. (Any employees that have underpayments paid into The Company will complete the CRF can contact required documents supplied by the FWO to claim the money)FWO.