Document ID: chunk:federal_register_of_legislation:C2025C00185:section:10:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 10 (pt 2/2)
Character Range: 1231689–1232368

has no financial arrangement with the auditor to receive a commission or similar payment in relation to business generated by the person for the accounting and audit practice conducted by the auditor.
In a prosecution for an offence based on subsection (1) or (2), the prosecution must prove that the person did not satisfy the independence test in this subsection in relation to the individual auditor.
 (8) In applying subsection (7), disregard any rights that the person has against the auditor by way of an indemnity for, or contribution in relation to, liabilities incurred by the person when the person was an employee of the auditor or the owner of the auditor's business.