Treasury Laws Amendment (2022 Measures No. 4) Act 2023 (29 of 2023)
Schedule 6 Financial reporting and auditing requirements for superannuation entities
Part 2 Amendments of other Acts
Superannuation Industry (Supervision) Act 1993
263 After section 131B
Insert:
131BA Misleading representations by disqualified firm or company
(1) A person commits an offence if:
(a) the person is a firm; and
(b) the firm is disqualified under section 130EA; and
(c) the firm represents that a member or employee of the firm is eligible to be an RSE auditor.
Penalty: 50 penalty units.
(2) A person commits an offence if:
(a) the person is a company; and
(b) the company is disqualified under section 130EA; and
(c) the company represents that a director or employee of the company is eligible to be an RSE auditor.
Penalty: 250 penalty units.
(3) Subsections (1) and (2) are offences of strict liability.
Note: See also sections 131CC and 131CD.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).