(1) The Auditor - General must, in relation to the financial year starting on 1 July 1994 and each later financial year, audit, and report on, the extent to which, during the financial year, Australia Post met the prescribed performance standards that were in force.
(2) The audit must be conducted in accordance with the methodology that the Auditor - General determines is consistent with prevailing performance audit methodology, and a statement of the methodology used in conducting the audit must be included in the report.
(3) The Auditor - General may request Australia Post to supply information that the Auditor - General considers is reasonably necessary to perform the audit, and Australia Post must comply with the request.
(4) The Auditor - General must give the report to the Minister on or before 1 November in the next financial year.
(5) The Minister must cause a copy of the report to be laid before each House of the Parliament within 15 sitting days of that House after its receipt by the Minister.