Document ID: chunk:federal_register_of_legislation:C2025C00134:section:29pd
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 29PD
Character Range: 203813–205242

29PD  Obligation on auditor to answer questions
 (1) This section applies if:
 (a) a person is required by subsection 29P(3) or (3A) to attend an annual members' meeting for a registrable superannuation entity for a year of income of the entity; and
 (b) a member of the entity asks the person a question at the meeting.
 (2) The person must answer the question at the meeting or, if it is not reasonably practicable to do so, within 1 month after the meeting.
Penalty: 50 penalty units.
 (3) Subsection (2) does not apply:
 (a) if the question is not relevant to:
 (i) an action, or failure to act, by the RSE licensee in relation to the registrable superannuation entity or one or more members of the registrable superannuation entity; or
 (ii) the registrable superannuation entity; or
 (iii) an audit of the registrable superannuation entity carried out by the individual RSE auditor, the RSE audit firm or the RSE audit company, as the case may be; or
 (iv) any matter that might reasonably be expected to be apparent to the auditor of the entity in relation to the entity; or
 (b) if it would be in breach of the governing rules of the registrable superannuation entity, this Act or any other law to answer the question; or
 (c) if answering the question would result in detriment to the members of the registrable superannuation entity, taken as a whole; or
 (d) in any other circumstances prescribed by the regulations.