(1) The Authority may, by written notice to a trustee, direct the trustee to rectify a matter, in the auditor’s report at the trustee's own expense within a period specified in the notice.

(2) The Authority shall by written notice, request the auditor to provide the Authority with a further report to show whether the trustee has rectified the matter and the auditor shall comply.

(3) The Authority shall attach a copy of the notice directing the trustee   to rectify a matter in the auditor’s report to the written request submitted to the auditor under sub- regulation (1).

(4) An approved trustee who fails to comply with a direction given by the Authority under sub regulation (1) commits an offence and is liable on summary conviction to a fine of not less than one thousand and five hundred penalty units and not more than two thousand, five hundred and fifty penalty units or to a term of imprisonment not more than five years or to both.