Explanatory Memorandum
(Circulated by authority of the Minister for Revenue and Financial Services, the Hon Kelly O'Dwyer MP)Chapter 2 - Statement of Compatibility with Human Rights
Prepared in accordance with Part 3 of the Human Rights (Parliamentary Scrutiny) Act 2011
Corporations Amendment (Auditor Registration) Bill 2016
2.1 This Bill is compatible with the human rights and freedoms recognised or declared in the international instruments listed in section 3 of the Human Rights (Parliamentary Scrutiny) Act 2011.
Overview
2.2 The Bill amends the Corporations Act to address the legal consequences arising from a legislative instrument issued by ASIC in November 2004 which approved the CPA/ICAA standard.
2.3 The amendments in this Bill validate the initial approval of the CPA/ICAA standard.
Human rights implications
2.4 This Bill does not engage any of the applicable rights or freedoms
Conclusion
2.5 The Bill is compatible with human rights as it does not raise any human rights issues.