Corporations Act 2001
View history note
Hide history noteAn individual contravenes this section if: (a) the individual:
(i) consents to be appointed as auditor of a registrable superannuation entity for the purposes of this Chapter; or
(ii) acts as auditor of a registrable superannuation entity for the purposes of this Chapter; or
(b) the person:
(iii) prepares a report required by this Act to be prepared by an auditor of a registrable superannuation entity; and
(i) does not meet the eligibility criteria for auditors of registrable superannuation entities (within the meaning of the Superannuation Industry (Supervision) Act 1993 ) set out in the prudential standards (within the meaning of that Act); or
(ii) has been disqualified from being, or acting as, an auditor of a registrable superannuation entity (within the meaning of the Superannuation Industry (Supervision) Act 1993 ) under section 130D of that Act; or
(iii) is a member or employee of a firm that is disqualified under section 130EA of the Superannuation Industry (Supervision) Act 1993 ; or
(iv) is a director or employee of a company that is disqualified under section 130EA of the Superannuation Industry (Supervision) Act 1993 .
324BF(2)
A company contravenes this section if: (a) the company:
(i) consents to be appointed as auditor of a registrable superannuation entity for the purposes of this Chapter; or
(ii) acts as auditor of a registrable superannuation entity for the purposes of this Chapter; or
(b) the company is disqualified under section 130EA of the Superannuation Industry (Supervision) Act 1993 .
(iii) prepares a report required by this Act to be prepared by an auditor of a registrable superannuation entity; and
324BF(3)
A member of a firm contravenes this section if: (a) the firm:
(i) consents to be appointed as auditor of a registrable superannuation entity for the purposes of this Chapter; or
(ii) acts as auditor of a registrable superannuation entity for the purposes of this Chapter; or
(b) the firm is disqualified under section 130EA of the Superannuation Industry (Supervision) Act 1993 .
(iii) prepares a report required by this Act to be prepared by an auditor of a registrable superannuation entity; and
324BF(4)
A company contravenes this section if: (a) the company:
(i) consents to be appointed as auditor of a registrable superannuation entity for the purposes of this Chapter; or
(ii) acts as auditor of a registrable superannuation entity for the purposes of this Chapter; or
(b) the lead auditor for an audit of a registrable superannuation entity conducted by the company:
(iii) prepares a report required by this Act to be prepared by an auditor of a registrable superannuation entity; and
(i) does not meet the eligibility criteria for auditors of registrable superannuation entities (within the meaning of the Superannuation Industry (Supervision) Act 1993 ) set out in the prudential standards (within the meaning of that Act); or
(ii) has been disqualified from being, or acting as, an auditor of a registrable superannuation entity (within the meaning of the Superannuation Industry (Supervision) Act 1993 ) under section 130D of that Act.
324BF(5)
A member of a firm contravenes this section if: (a) the firm:
(i) consents to be appointed as auditor of a registrable superannuation entity for the purposes of this Chapter; or
(ii) acts as auditor of a registrable superannuation entity for the purposes of this Chapter; or
(b) the lead auditor for an audit of a registrable superannuation entity conducted by the firm:
(iii) prepares a report required by this Act to be prepared by an auditor of a registrable superannuation entity; and
(i) does not meet the eligibility criteria for auditors of registrable superannuation entities (within the meaning of the Superannuation Industry (Supervision) Act 1993 ) set out in the prudential standards (within the meaning of that Act); or
(ii) has been disqualified from being, or acting as, an auditor of a registrable superannuation entity (within the meaning of the Superannuation Industry (Supervision) Act 1993 ) under section 130D of that Act.
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