Superannuation Laws Amendment (Capital Gains Tax Relief and Other Efficiency Measures) Act 2012 (158 of 2012)

Schedule 2   Approved SMSF auditors

Part 2   Other amendments

Superannuation Industry (Supervision) Act 1993

14   Subsection 10(1) (definition of relevant person )

Repeal the definition, substitute:

relevant person means:

(a) in relation to a fund or trust:

(i) if the trustee or an investment manager of the fund or trust is or includes an individual - that individual; or

(ii) if the trustee or an investment manager of the fund or trust is or includes a body corporate - a responsible officer of that body corporate; or

(iii) an auditor of the fund or trust; or

(iv) an actuary of the fund or trust; or

(v) a person who is a custodian in relation to the fund or trust; or

(b) in relation to an approved SMSF auditor:

(i) the approved SMSF auditor; or

(ii) a person who is a relevant person under paragraph (a) in relation to a self managed superannuation fund of which the approved SMSF auditor is or was an auditor; or

(c) in relation to an audit of a self managed superannuation fund:

(i) the person who is conducting, or conducted, the audit; or

(ii) a person who is a relevant person under paragraph (a) in relation to the self managed superannuation fund.