Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Act 2010 (82 of 2010)
Schedule 2 Amendment of the Insurance Act 1973
Part 1 Amendments
28 After section 39
Insert:
40 Additional auditors
(1) APRA may, by written notice, require a general insurer to appoint a person who is specified in the notice to be an auditor for a purpose that is specified in the notice.
Example: APRA may require a general insurer to appoint an auditor who has specialist qualifications or experience to perform a special purpose audit.
(2) The specified person may be:
(a) the principal auditor; or
(b) another auditor.
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