Corporations Regulations 2001
View history note
Hide history note[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]
For subparagraph 989B(3)(b)(ii) or paragraph 989B(3)(c) of the Act, an auditor ' s report lodged with a true and fair profit and loss statement and balance sheet in respect of a financial year must be lodged with ASIC in the prescribed form.
7.8.13(2)
For subparagraph 989B(3)(b)(ii) or paragraph 989B(3)(c) of the Act, an auditor ' s report lodged with a true and fair profit and loss statement and balance sheet in respect of a financial year must contain a statement of the auditor ' s opinion on the following matters: (a) the effectiveness of internal controls used by a financial services licensee to comply with:
(i) Divisions 2 , 3 , 4 , 4A , 5 and 6 of Part 7.8 of the Act; and
(b) whether each account required by sections 981B and 982B of the Act to be maintained by the financial services licensee has been operated and controlled in accordance with those sections; (c) whether all necessary records, information and explanations were received from the financial services licensee.
(ii) Division 7 of Part 7.8 of the Act other than section 991A ;
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