SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 4 - ACCOUNTS, AUDIT AND REPORTING OBLIGATIONS FOR SUPERANNUATION ENTITIES  

Division 2 - Obligations for registrable superannuation entities  

SECTION 35AC   APPOINTED AUDITOR ' S FUNCTIONS AND DUTIES  

35AC(1)  
This section applies if the RSE licensee law:


(a) requires an auditor of a registrable superannuation entity to be appointed; or


(b) requires or permits a function or duty to be performed, or a power to be exercised, by an auditor.

35AC(2)  
The RSE licensee of the registrable superannuation entity must not appoint a person as an auditor of the entity unless the RSE licensee is reasonably satisfied that the person:


(a) meets the eligibility criteria for auditors of registrable superannuation entities set out in the prudential standards; and


(b) has not been disqualified from being or acting as an auditor of a registrable superannuation entity under section 130D .

35AC(3)  
A person who is appointed as an auditor must perform the functions and duties set out in the RSE licensee law that are relevant to the person ' s appointment.

35AC(4)  
The appointed auditor must comply with the RSE licensee law in performing the functions and duties.

35AC(5)  
The trustee of the registrable superannuation entity to whom the RSE licensee law applies must make any arrangements that are necessary to enable the appointed auditor to perform the functions and duties.

35AC(6)  
The RSE licensee of the registrable superannuation entity must end the appointment of a person as an auditor of the entity if the RSE licensee becomes aware that the person:


(a) no longer meets the eligibility criteria for auditors of registrable superannuation entities set out in the prudential standards; or


(b) has been disqualified from being or acting as an auditor of a registrable superannuation entity under section 130D .




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