Document ID: chunk:federal_register_of_legislation:F2023L01234:reg:9
Version: federal_register_of_legislation:F2023L01234
Segment Type: reg
Provision Reference: reg 9
Character Range: 6340–7040

9  Qualifications of persons preparing financial statements
  For paragraph 52ZZZWF(2)(a) of the Act, the financial statements about a trust must be prepared by a person who:
 (a) is either or both of the following:
 (i) a member of CPA Australia, Chartered Accountants Australia and New Zealand, or              Institute of Public Accountants;
 (ii) if a trustee corporation is a trustee of the trust – an employee of the trustee corporation engaged by the corporation as an accountant or financial planner; and
 (b) is not an immediate family member of any of the following:
 (i) the principal beneficiary of the trust;
 (ii) a residuary beneficiary of the trust;
 (iii) a trustee of the trust.