Document ID: chunk:federal_register_of_legislation:C2012C00862:clause:3_83
Version: federal_register_of_legislation:C2012C00862
Segment Type: clause
Provision Reference: sch 3 cl 83
Character Range: 88849–89456

83  Requirement for life company to have an auditor
 (1) A life company must have an auditor appointed by the life company (the principal auditor) to perform the functions of an auditor set out in the prudential standards.
 (2) Within 6 weeks after a person stops being the principal auditor of a life company, the life company must appoint another person to be the principal auditor.
 (3) The principal auditor must perform the functions of an auditor set out in:
 (a) the prudential standards; and
 (b) the reporting standards determined by APRA under the Financial Sector (Collection of Data) Act 2001.