Treasury Laws Amendment (2022 Measures No. 4) Act 2023 (29 of 2023)

Schedule 6   Financial reporting and auditing requirements for superannuation entities

Part 1   Amendment of the Corporations Act 2001

Corporations Act 2001

171   Subsection 342B(1)

Repeal the subsection, substitute:

(1) If a registered company auditor plays a significant role in the audit of a company, registered scheme or registrable superannuation entity in reliance on a declaration by ASIC under section 342A, the auditor must give:

(a) the company; or

(b) the responsible entity for the registered scheme; or

(c) the registrable superannuation entity;

written notice of the declaration.