Document ID: chunk:federal_register_of_legislation:C2010C00544:clause:1_86
Version: federal_register_of_legislation:C2010C00544
Segment Type: clause
Provision Reference: sch 1 cl 86
Character Range: 106027–106768

86  Declaration that an auditor is ineligible

 (1) APRA may, in writing, declare that a person is ineligible to hold an appointment as an auditor of a life company if:
 (a) the person does not meet the eligibility criteria set out in the prudential standards for appointment as the auditor of a life company; or
 (b) the person has failed to perform adequately and properly the functions and duties of an auditor under this Act.

 (2) The declaration takes effect on the day specified in the declaration (which must not be more than 28 days after the declaration is made).

 (3) APRA must give a copy to the person in relation to whom the declaration is made.

 (4) A declaration made under subsection (1) is not a legislative instrument.