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

Schedule 1   Amendments

[5]   After regulation 9.2.07

insert

Division 2A Conditions on registration

9.2.08 Kinds of conditions (Act s 1289A)

For subsection 1289A (1) of the Act, the following kinds of conditions are specified:

(a) conditions relating to the minimum amount and nature of continuing or other professional education that must be undertaken by a registered company auditor;

(b) conditions relating to the periodic or other review of the audit and audit-related work of a registered company auditor as part of a quality assurance or review program;

(c) conditions relating to having a current policy of professional indemnity insurance for claims against a registered company auditor in relation to audits conducted under the Act;

(d) conditions relating to establishing and maintaining a system for resolving complaints made against a registered company auditor by audit clients in relation to audits conducted under the Act.