Document ID: chunk:federal_register_of_legislation:C2004A01334:clause:1_53
Version: federal_register_of_legislation:C2004A01334
Segment Type: clause
Provision Reference: sch 1 cl 53
Character Range: 52242–53203

53  After subsection 1280(2)
Insert:

 (2A) The applicant satisfies this subsection if the applicant:
 (a) holds a degree, diploma or certificate from a prescribed university or another prescribed institution in Australia; and
 (b) has, in the course of obtaining that degree, diploma or certificate, passed examinations in such subjects, under whatever name, as the appropriate authority of the university or other institution certifies to ASIC to represent a course of study:
 (i) in accountancy (including auditing) of not less than 3 years duration; and
 (ii) in commercial law (including company law) of not less than 2 years duration; and
 (c) has satisfactorily completed a course in auditing prescribed by the regulations for the purposes of this paragraph.

 (2B) The applicant satisfies this subsection if the applicant has other qualifications and experience that, in ASIC's opinion, are equivalent to the requirements mentioned in subsection (2A).