Document ID: chunk:federal_register_of_legislation:C2016A00079:clause:2_1b
Version: federal_register_of_legislation:C2016A00079
Segment Type: clause
Provision Reference: sch 2 cl 1B
Character Range: 35581–36788

1B  Section 6 (definition of excluded auditor)
Repeal the definition, substitute:
excluded auditor, in relation to a reporting unit, means:
 (a) an officer, former officer, employee or former employee of the reporting unit or the organisation of which the reporting unit is a part; or
 (b) a partner, employer or employee of an officer, former officer, employee or former employee of the reporting unit or the organisation of which the reporting unit is a part; or
 (c) a relative of an officer, former officer, employee or former employee of the reporting unit or the organisation of which the reporting unit is a part; or
 (d) a liquidator in respect of property of the reporting unit or the organisation of which the reporting unit is a part; or
 (e) a person who owes more than $5,000 to the reporting unit or the organisation of which the reporting unit is a part; or
 (f) a person who would not be, or whom a reasonable person would consider would not be, capable of exercising objective and impartial judgement in relation to audits relating to the reporting unit, having regard to all the circumstances.
For the purposes of this definition, employee has the same meaning as in Part 3 of Chapter 8.