Document ID: chunk:federal_register_of_legislation:C2023A00029:clause:6_57
Version: federal_register_of_legislation:C2023A00029
Segment Type: clause
Provision Reference: sch 6 cl 57
Character Range: 85803–86454

57  After subsection 311(1)
Insert:
 (1A) An individual auditor conducting an audit of a registrable superannuation entity contravenes this subsection if:
 (a) the auditor suspects on reasonable grounds that there are circumstances that amount to a contravention of this Act; and
 (b) the auditor does not notify ASIC in writing of those circumstances as soon as practicable, and in any case within 28 days, after the auditor forms that suspicion.
 (1B) An individual auditor commits an offence if the auditor contravenes subsection (1A).
 (1C) An individual auditor commits an offence of strict liability if the auditor contravenes subsection (1A).