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

Schedule 2   Approved SMSF auditors

Part 1   Main amendments

Superannuation Industry (Supervision) Act 1993

5   Subsection 10(1) (definition of approved auditor )

Repeal the definition, substitute:

approved auditor :

(a) in relation to a superannuation entity that is a self managed superannuation fund - means an approved SMSF auditor; or

(b) in relation to any other superannuation entity - means a person included in a class of persons specified in regulations made for the purposes of this definition, but does not include a person who is disqualified from being or acting as an auditor of all superannuation entities under section 130D; or

(c) in any other case - means any person covered by paragraph (a) or (b).