SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 16 - ACTUARIES AND AUDITORS OF SUPERANNUATION ENTITIES  

Division 1A - Approved SMSF auditors  

Subdivision E - Miscellaneous  

SECTION 128Q   COMPETENCY STANDARDS  

128Q(1)  
The Regulator may, by legislative instrument, determine competency standards to be complied with by all approved SMSF auditors.

128Q(2)  
A competency standard may impose different requirements to be complied with in different situations or in respect of different activities.

128Q(3)  
Without limiting the matters in relation to which the Regulator may determine a competency standard, a competency standard may provide for matters relating to any of the following:


(a) the conduct of audits;


(b) the professional obligations of approved SMSF auditors;


(c) knowledge of laws applying to approved SMSF auditors;


(d) compliance with laws applying to approved SMSF auditors.

128Q(4)  
A competency standard may make provision in relation to a matter by applying, adopting or incorporating, with or without modification, a matter contained in an instrument or writing:


(a) as in force or existing at a particular time; or


(b) as in force or existing from time to time.

128Q(5)  


Subsection (4) has effect despite anything in subsection 14(2) of the Legislation Act 2003 .

 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.