Document ID: chunk:federal_register_of_legislation:C2010C00544:clause:3_35c:p2
Version: federal_register_of_legislation:C2010C00544
Segment Type: clause
Provision Reference: sch 3 cl 35C (pt 2/2)
Character Range: 145260–146826

the Corporations Act 2001 and the regulations under that Act;
  that are identified in the form; and
 (d) must, if it is approved for a registrable superannuation entity that is registered under Part 2B, include a statement by the auditor as to whether, in the opinion of the auditor, the RSE licensee of the entity:
 (i) has complied with each risk management plan for the entity that applied during that year; and
 (ii) has adequate systems to ensure future compliance with any risk management plan for the entity; and
 (iii) has complied with each risk management strategy that applied to the RSE licensee during that year in relation to risks arising from any activities, and proposed activities, as RSE licensee of the entity, and all other activities, or proposed activities, relevant to those activities; and
 (iv) has adequate systems to ensure future compliance with the risk management strategy for the RSE licensee in relation to future risks arising from any proposed future activities as RSE licensee of the entity, and all other proposed future activities relevant to those activities.

 (6) The auditor must give the report to each trustee of the entity within the prescribed period after the end of the year of income.

 (7) The auditor commits an offence if the auditor contravenes subsection (6).

Penalty: Imprisonment for 6 months.

 (8) The auditor commits an offence if the auditor contravenes subsection (6). This is an offence of strict liability.

Penalty: 50 penalty units.

Note: For strict liability, see section 6.1 of the Criminal Code.