Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 (103 of 2004)
Schedule 1 Audit Reform
Part 2 Qualifications of auditors
Corporations Act 2001
52 Paragraph 1280(2)(b)
Repeal the paragraph, substitute:
(b) ASIC is satisfied that the applicant has either:
(i) satisfied all the components of an auditing competency standard approved by ASIC under section 1280A; or
(ii) had such practical experience in auditing as is prescribed; and
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