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

35   Subsection 131B(2)

Repeal the subsection, substitute:

(2) A person commits an offence if:

(a) the person holds themself out as an approved SMSF auditor; and

(b) the person is not an approved SMSF auditor.

Penalty: 50 penalty units.

(2A) A person commits an offence if:

(a) the person holds themself out as an approved auditor of a kind other than an approved SMSF auditor; and

(b) the person is not such an approved auditor.

Penalty: 50 penalty units.