Document ID: chunk:federal_register_of_legislation:F2023L01234:reg:13
Version: federal_register_of_legislation:F2023L01234
Segment Type: reg
Provision Reference: reg 13
Character Range: 10274–10904

13  Qualifications of persons preparing audit
  For paragraph 52ZZZWG(5)(a) of the Act, the audit of the trust must be prepared by a person who:
 (a) is a member of:
 (i) CPA Australia; or
 (ii) Chartered Accountants Australia and New Zealand; or
 (iii) the Institute of Public Accountants; and
 (b) is not the person who prepared, or is preparing, any of the financial statements about the trust for the period to which the audit relates; and
 (c) is not an immediate family member of any of the following:
 (i) the principal beneficiary of the trust;
 (ii) a residuary beneficiary of the trust;
 (iii) a trustee of the trust.