Document ID: chunk:federal_register_of_legislation:F2024C01220:reg:36
Version: federal_register_of_legislation:F2024C01220
Segment Type: reg
Provision Reference: reg 36
Character Range: 44057–45270

36  Auditing of general purpose financial reports
 (1) An approved provider that prepared a general purpose financial report must have it audited by:
 (a) a registered company auditor within the meaning of the Corporations Act 2001; or
 (b) a person approved by the Secretary under subsection (3).
 (2) The approved provider must obtain an audit opinion about the general purpose financial report from a registered company auditor or a person approved under subsection (3) that includes a statement as to whether the report complies with paragraphs 35A(2)(b) and (c).
 (3) The Secretary may approve a person to audit a general purpose financial report if the Secretary is satisfied that the person has appropriate qualifications and experience.
 (4) The Secretary may revoke an approval of a person under subsection (3) if the Secretary is satisfied that the person is no longer a fit and proper person to audit a general purpose financial report.
 (5) A decision under subsection (4) is a decision reviewable under section 85‑1 of the Act.
 (6) Part 6.1 of the Act applies to a reviewable decision mentioned in subsection (5) as if a reference in that Part to this Act included a reference to these principles.