Treasury Laws Amendment (2022 Measures No. 4) Act 2023 (29 of 2023)

Schedule 6   Financial reporting and auditing requirements for superannuation entities

Part 1   Amendment of the Corporations Act 2001

Corporations Act 2001

17   Section 9 (definition of registrable superannuation entity)

Repeal the definition, substitute:

registrable superannuation entity :

(a) when used in a provision outside Chapter 2M or an associated definition - has the same meaning as in the Superannuation Industry (Supervision) Act 1993; and

(b) when used in Chapter 2M or an associated definition - means a registrable superannuation entity (within the meaning of the Superannuation Industry (Supervision) Act 1993), but does not include the following:

(i) an exempt public sector superannuation scheme (within the meaning of the Superannuation Industry (Supervision) Act 1993);

(ii) an excluded approved deposit fund (within the meaning of the Superannuation Industry (Supervision) Act 1993);

(iii) a small APRA fund (within the meaning of section 1017BB).

For the purposes of this definition, each of the following is an associated definition :

(a) the definition of audit company ;

(b) the definition of audit-critical employee ;

(c) the definition of audited body ;

(d) the definition of audit firm ;

(e) the definition of consolidated entity ;

(f) the definition of director ;

(g) the definition of financial year ;

(h) the definition of individual auditor ;

(i) the definition of officer of a registrable superannuation entity ;

(j) the definition of play a significant role ;

(k) the definition of RSE remuneration report .