Document ID: chunk:federal_register_of_legislation:F2024C01058:reg:15
Version: federal_register_of_legislation:F2024C01058
Segment Type: reg
Provision Reference: reg 15
Character Range: 23468–24455

15  Auditors of disclosing entities
 (1) A leviable entity forms part of the auditors of disclosing entities sub‑sector in a financial year if, at any time in the financial year, the entity is, or has consented to be, an audit entity for a disclosing entity with quoted securities.

Entity metric
 (2) The leviable entity's entity metric for the sub‑sector for the financial year is the total of the fees paid or payable to the entity in the financial year for the auditing and review of financial reports that relate to:
 (a) a disclosing entity with securities (within the meaning of subsection 92(3) of the Corporations Act 2001) that are quoted on a declared financial market (within the meaning of that Act); or
 (b) an entity controlled by such a disclosing entity.
 (3) For the purposes of paragraph (2)(b), the question of whether a disclosing entity controls another entity is to be decided in accordance with the accounting standard AASB 10 Consolidated Financial Statements.