Document ID: chunk:federal_register_of_legislation:C2004A01334:clause:12_1457
Version: federal_register_of_legislation:C2004A01334
Segment Type: clause
Provision Reference: sch 12 cl 1457
Character Range: 419951–420606

1457  Audit reforms in Schedule 1 to the amending Act (new annual statement requirements for auditors)

 (1) The requirement under section 1287A for a registered company auditor to lodge an annual statement applies from the first anniversary of the auditor's registration that occurs on or after 1 January 2005.

 (2) The first annual statement lodged under section 1287A should cover the period commencing either:
 (a) immediately after the period covered by the last triennial statement; or
 (b) the day on which the auditor was registered;
whichever is later, and ending on the first anniversary of registration occurring on or after 1 January 2005.