Corporations Amendment Regulations 2004 (No. 2) (25 of 2004)

Schedule 1   Amendments

[4]   After regulation 7.1.29

insert

7.1.29A Self-managed superannuation funds

(1) Subparagraph 7.1.29 (5) (c) (ii) does not apply to a recommendation by a recognised accountant in relation to a self-managed superannuation fund.

(2) In this regulation:

recognised accountant means:

(a) a member of CPA Australia who:

(i) is entitled to use the letters 'CPA' or 'FCPA'; and

(ii) is subject to, and complies with, CPA Australia's continuing professional education requirements; or

(b) a member of The Institute of Chartered Accountants in Australia ( ICAA ) who:

(i) is entitled to use the letters 'ACA', 'CA' or 'FCA'; and

(ii) is subject to, and complies with, ICAA's continuing professional education requirements; or

(c) a member of the National Institute of Accountants ( NIA ) who:

(i) is entitled to use the letters 'FNIA', 'FPNA', 'MNIA' or 'PNA'; and

(ii) is subject to, and complies with, NIA's continuing professional education requirements.