Superannuation Laws Amendment (Capital Gains Tax Relief and Other Efficiency Measures) Act 2012 (158 of 2012)

Schedule 2   Approved SMSF auditors

Part 2   Other amendments

Superannuation Industry (Supervision) Act 1993

19   Subsection 35C(7)

Repeal the subsection, substitute:

(7) The auditor commits an offence if:

(a) the auditor contravenes subsection (6); and

(b) the entity is not a self managed superannuation fund; and

(c) the auditor is not an approved SMSF auditor.

Penalty: Imprisonment for 6 months.