Document ID: chunk:federal_register_of_legislation:F2023C01164:body:0:p11
Version: federal_register_of_legislation:F2023C01164
Segment Type: other
Provision Reference: 
Character Range: 26056–28804

year (or such shorter period as they have been a member) up to a date no more than 48 hours (excluding hours on a day that is not a business day) before the time of access;
(d) the time at which the information is current.

           Annual investor statement
(13) The responsible entity of an IDPS-like scheme must give to each member within three months of the end of each financial year of the scheme:
(a) an annual report (annual investor statement) containing:
(i) a summary of the transactions by or on behalf of the member through the scheme during the financial year containing the particulars that a member may reasonably require in relation to the transactions; and
(ii) for each member who has been provided with quarterly reports under paragraph (9)(a), a statement that the member may request a copy of any quarterly report relating to the financial year for the member; and
(b) a copy of the annual report or reports for the relevant financial year of the scheme prepared by a registered company auditor under subsection (14).

           Audit report
(14) The responsible entity of an IDPS-like scheme must after the end of each financial year of the scheme cause a registered company auditor to provide one or more annual reports that set out each of the following opinions or statements:
(a) the auditor's opinion as to whether the internal controls and other procedures of the responsible entity, each custodian and any other relevant person acting on behalf of the responsible entity were suitably designed and operated effectively in all material respects to ensure that:
(i) the annual investor statement for the relevant financial year of the scheme is or has been given to members without material misstatements; and
(ii) where the annual investor statement does not purport to include particulars of each transaction that would be required in quarterly reports for each quarter during the financial year of the scheme:
(A) any quarterly reports, are or have been given to members without material misstatements; and
(B) any information that is made accessible electronically undersubsection (12) in respect of the financial year is not materially misstated at each quarter's end in the financial year; and
(b) the auditor's opinion as to whether the aggregates of assets (other than assets held by a member), liabilities, revenue and expenses shown in the annual investor statement for the financial year of the scheme have been properly reconciled in all material respects to the corresponding amounts shown in the reports prepared by the custodian and which have been independently audited; and
(c) the auditor's statement as to whether or not the auditor has any reason to believe that:
(i) any annual investor statement