Document ID: chunk:federal_register_of_legislation:C2025C00134:section:129a:p3
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 129A (pt 3/3)
Character Range: 681986–683357

about the matter in writing.

Exception—person has a belief that the opinion is not relevant to the performance of audit functions
 (5) A person is not required by subsection (1), (2) or (4) to tell the Regulator, or a trustee of a registrable superannuation entity, about a matter if the person has an honest belief that the opinion mentioned in that subsection is not relevant to the performance of the audit functions mentioned in that subsection.

No civil liability for telling about a matter
 (6) A person is not liable in a civil action or civil proceeding in relation to telling the Regulator, or a trustee of a registrable superannuation entity, about a matter as required by subsection (1), (2) or (4).

Offences—RSE audit company
 (7) A company commits an offence if the company contravenes subsection (1).
Penalty: 250 penalty units.
 (8) A company commits an offence if the company contravenes subsection (1).
Penalty: 125 penalty units.
 (9) An offence against subsection (8) is an offence of strict liability.

Offences—lead auditor or member of RSE audit firm
 (10) A person commits an offence if the person contravenes subsection (2) or (4).
Penalty: 50 penalty units.
 (11) A person commits an offence if the person contravenes subsection (2) or (4).
Penalty: 25 penalty units.
 (12) An offence against subsection (11) is an offence of strict liability.