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

Schedule 4   Improving efficiency and data quality in the superannuation system

Part 1   Superannuation Industry (Supervision) Act 1993

Division 2   Monitoring

Superannuation Industry (Supervision) Act 1993

16   Subsection 256(1)

Repeal the subsection, substitute:

(1) For the purposes of this Act, an authorised person may enter, at any reasonable time, any premises at which the person has reason to believe books are kept relating to:

(a) the affairs of a superannuation entity or approved SMSF auditor; or

(b) the conduct of an audit of a self managed superannuation fund; or

(c) the obligations of a contributing employer under Part 3B.

(1A) The authorised person may:

(a) inspect any book found on the premises:

(i) that relates to those affairs, the conduct of that audit or those obligations; or

(ii) that the authorised person believes on reasonable grounds to relate to those affairs, the conduct of that audit or those obligations; and

(b) make copies of, or take extracts from, any such book.