Document ID: chunk:federal_register_of_legislation:C2024C00345:section:255b
Version: federal_register_of_legislation:C2024C00345
Segment Type: section
Provision Reference: s 255B
Character Range: 386756–387950

255B  Registration by General Manager
 (1) This section applies if a person has made an application under subsection 255A(1) for registration as an auditor.
 (2) If the person is a registered company auditor, the General Manager must, subject to section 255E, grant the application and register the person as an auditor.
 (3) If the person is not a registered company auditor, the General Manager must, subject to section 255E, grant the application and register the person as an auditor if the General Manager is satisfied that:
 (a) the person meets the requirements of subsection 255C(1) or (2) (educational qualifications, or equivalent qualifications and experience); and
 (b) the person has either:
 (i) satisfied all the components of an auditing competency standard approved by the Australian Securities and Investments Commission under section 1280A of the Corporations Act 2001; or
 (ii) had such practical experience in auditing as is prescribed by the regulations for the purposes of this paragraph; and
 (c) the General Manager is satisfied that the person is capable of performing the duties of an auditor and is otherwise a fit and proper person to be registered as an auditor.