Corporations Amendment Regulations 2004 (No. 7) (208 of 2004)

Schedule 1 Amendments

[4] Regulations 9.2.01, 9.2.02, 9.2.03 and 9.2.04

substitute

9.2.01 Practical experience in auditing (Act s 1280 (2))

For subparagraph 1280 (2) (b) (ii) of the Act, each of the following is prescribed practical experience in auditing:

(a) during the 5 years immediately before the date of the application, at least 3,000 hours work in auditing under the direction of a registered company auditor, including:

(i) appraising the operations of companies and forming opinions on the matters specified in sections 307, 308 and 309 of the Act; and

(ii) at least 750 hours spent supervising audits of companies;

(b) practical experience that, in the opinion of ASIC, is equivalent to the practical experience mentioned in paragraph (a);

(c) work of the kind and duration mentioned in paragraph (a) that was done under previous laws corresponding to sections 307, 308 and 309 of the Act.

9.2.02 Prescribed universities and institutions (Act ss 1280 (2A) and 1282 (2))

For paragraph 1280 (2A) (a) and subparagraph 1282 (2) (a) (ii) of the Act:

(a) the universities mentioned in Part 1 of the table are prescribed; and

(b) the institution mentioned in Part 2 of the table is prescribed.

Part 1	University
101	Australian Catholic University
102	Australian National University
103	Bond University
104	Central Queensland University
105	Charles Darwin University
106	Charles Sturt University
107	Curtin University of Technology
108	Deakin University
109	Edith Cowan University
110	Griffith University
111	Flinders University of South Australia
112	James Cook University
113	La Trobe University
114	Macquarie University
115	Monash University
116	Murdoch University
117	Queensland University of Technology
118	Royal Melbourne Institute of Technology University
119	Southern Cross University
120	Swinburne University of Technology
121	University of Adelaide
122	University of Ballarat
123	University of Canberra
124	University of Melbourne
125	University of Newcastle
126	University of New England
127	University of New South Wales
128	University of Notre Dame Australia
129	University of Queensland
130	University of South Australia
131	University of Southern Queensland
132	University of Sydney
133	University of Tasmania
134	University of Technology, Sydney
135	University of the Sunshine Coast
136	University of Western Australia
137	University of Western Sydney
138	University of Wollongong
139	Victoria University

Part 2	Institution
201	Avondale College

9.2.03 Prescribed courses (Act s 1280 (2A))

For paragraph 1280 (2A) (c) of the Act, the courses prescribed are:

(a) the following courses conducted by The Institute of Chartered Accountants in Australia:

(i) Financial Reporting and Assurance in the CA Program;

(ii) Accounting 2 in the Professional Year Program;

(iii) Audit and EDP Module in the Professional Year Program;

(iv) an audit module in the Professional Year Program conducted before 1986 that is equivalent to a course mentioned in subparagraph (i), (ii) or (iii); and

(b) the Assurance Services and Auditing in the CPA Program course conducted by CPA Australia; and

(i) Issues in Auditing and Professional Practice in the Graduate Certificate in Professional Accounting, offered by the University of New England in conjunction with the National Institute of Accountants;

(ii) Issues in Auditing and Professional Practice in the Degree of Master of Commerce (Professional Accounting), offered by the University of New England in conjunction with the National Institute of Accountants.

9.2.04 Prescribed bodies (Act s 1282 (2))

For subparagraph 1282 (2) (a) (i) of the Act, the bodies mentioned in the table are prescribed.

Item	Body
1	American Institute of Certified Public Accountants
2	Association of Chartered Certified Accountants (United Kingdom)
3	Canadian Institute of Chartered Accountants
4	Institute of Chartered Accountants of New Zealand
5	The Institute of Chartered Accountants in England and Wales
6	The Institute of Chartered Accountants in Ireland
7	The Institute of Chartered Accountants of Scotland

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