Document ID: chunk:federal_register_of_legislation:C2025C00134:section:130baa:p2
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 130BAA (pt 2/2)
Character Range: 698227–699760

by any person to unduly influence, coerce, manipulate or mislead the lead auditor or a member of the audit team conducting the audit; or
 (ii) an attempt by any person to otherwise interfere with the proper conduct of the audit; and
 (b) the person does not notify the Regulator in writing of those circumstances as soon as practicable, and in any case within 28 days, after the person becomes aware of those circumstances.

Offence—RSE audit company
 (5) A company commits an offence if the company contravenes subsection (1).
Penalty: 250 penalty units.

Offence—lead auditor and member of RSE audit firm
 (6) A person commits an offence if the person contravenes subsection (2) or (4).
Penalty: Imprisonment for 12 months or 50 penalty units, or both.

Other matters
 (7) If the Regulator receives a notification under subsection (1), (2) or (4) that relates wholly or partly to an audit of a registrable superannuation entity conducted in fulfilment of a requirement imposed by a provision of Chapter 2M of the Corporations Act 2001, the Regulator must:
 (a) give a copy of the notification to ASIC; and
 (b) do so as soon as practicable after receiving the notification.
 (8) For the purposes of this section, audit means:
 (a) an audit of a registrable superannuation entity conducted in fulfilment of a requirement imposed by a provision of the RSE licensee law; or
 (b) an audit of a registrable superannuation entity conducted in fulfilment of a requirement imposed by a provision of Chapter 2M of the Corporations Act 2001.