Document ID: chunk:federal_register_of_legislation:C2025C00134:section:29pa:p2
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 29PA (pt 2/2)
Character Range: 199727–201656

a person (the relevant audit team member) was a member of the audit team that was involved in the audit of the entity that was conducted by the firm or company for the year; and
 (iv) the relevant audit team member is a member or employee of the firm or a director or employee of the company; and
 (v) the relevant audit team member is not the lead auditor of the audit of the entity;
  the relevant audit team member must attend the meeting; and
 (f) if:
 (i) the firm or company does not conduct audits; and
 (ii) another person is the individual RSE auditor of the entity;
  the individual RSE auditor must attend the meeting; and
 (g) if:
 (i) the firm or company does not conduct audits; and
 (ii) another firm or company is the RSE auditor of the entity; and
 (iii) the other firm or company is conducting an audit of the entity;
  the lead auditor of the audit must attend the meeting.
Penalty: 50 penalty units.
 (3B) If:
 (a) 2 or more persons are required by paragraph (3A)(e) to attend a meeting; and
 (b) one of those persons attends the meeting;
the remaining persons are not required to attend the meeting.
 (4) A person who has been an actuary of a registrable superannuation entity during a year of income of the entity must attend an annual members' meeting for the entity relating to that year if the person is given notice of the meeting in accordance with subsections 29P(2) and (3).
Penalty: 50 penalty units.
 (5) Subsections (1), (2), (3), (3A) and (4) do not apply to a person if the person has a reasonable excuse for not attending.
 (6) Subsection (1) does not apply to a director of an RSE licensee of a registrable superannuation entity, if:
 (a) other directors of the entity have attended the meeting; and
 (b) the number of directors of the entity who attended the meeting is no less than the number of directors that would constitute a quorum for a meeting of the board of directors of the entity.