Document ID: chunk:federal_register_of_legislation:C2025C00185:section:324bf:p2
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 324BF (pt 2/2)
Character Range: 1196972–1198606

by an auditor of a registrable superannuation entity; and
 (b) the lead auditor for an audit of a registrable superannuation entity conducted by the company:
 (i) does not meet the eligibility criteria for auditors of registrable superannuation entities (within the meaning of the Superannuation Industry (Supervision) Act 1993) set out in the prudential standards (within the meaning of that Act); or
 (ii) has been disqualified from being, or acting as, an auditor of a registrable superannuation entity (within the meaning of the Superannuation Industry (Supervision) Act 1993) under section 130D of that Act.
 (5) A member of a firm contravenes this section if:
 (a) the firm:
 (i) consents to be appointed as auditor of a registrable superannuation entity for the purposes of this Chapter; or
 (ii) acts as auditor of a registrable superannuation entity for the purposes of this Chapter; or
 (iii) prepares a report required by this Act to be prepared by an auditor of a registrable superannuation entity; and
 (b) the lead auditor for an audit of a registrable superannuation entity conducted by the firm:
 (i) does not meet the eligibility criteria for auditors of registrable superannuation entities (within the meaning of the Superannuation Industry (Supervision) Act 1993) set out in the prudential standards (within the meaning of that Act); or
 (ii) has been disqualified from being, or acting as, an auditor of a registrable superannuation entity (within the meaning of the Superannuation Industry (Supervision) Act 1993) under section 130D of that Act.

Division 3—Auditor independence

Subdivision A—General requirement