Document ID: chunk:federal_register_of_legislation:F2023L01323:reg:8
Version: federal_register_of_legislation:F2023L01323
Segment Type: reg
Provision Reference: reg 8
Character Range: 5883–6632

8  Qualifications of persons preparing financial statements
  For paragraph 1209S(2)(a) of the Act, financial statements about the trust must be prepared by a person who:
         (a)    is either
              (i)            a member of CPA Australia, Chartered Accountants Australia and New Zealand or the Institute of Public Accountants; or
              (ii)            an employee of a trustee corporation who is engaged by the trustee corporation as an accountant or financial planner; and
         (b)    is not an immediate family member of:
              (i)            the principal beneficiary of the trust; or
              (ii)            a residual beneficiary of the trust; or
              (iii)            a trustee of the trust.