Schedule(s)
3 Schedule(s)
Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Amendments
Australian Securities and Investments Commission Act 2001
1 Subsection 5(1)
Insert:
Office of the AASB means the Office of the Australian Accounting Standards Board.
2 Subsection 5(1)
Insert:
Office of the AUASB means the Office of the Auditing and Assurance Standards Board.
3 Before section 225
Insert:
4 Paragraph 225(2)(b)
Repeal the paragraph, substitute:
giving the AASB advice or feedback on the AASB’s:
priorities; and
business plans; and
procedures; and
giving the Office of the AASB advice or feedback on the Office’s:
budgets; and
staffing arrangements (including level, structure and composition of staffing); and
5 Paragraph 225(2)(d)
Repeal the paragraph.
6 Paragraph 225(2)(j)
Omit “and periodically reviewing”.
7 Paragraph 225(2)(j)
Omit “the AASB”, substitute “those processes”.
8 Paragraph 225(2A)(b)
Repeal the paragraph, substitute:
giving the AUASB advice or feedback on the AUASB’s:
priorities; and
business plans; and
procedures; and
giving the Office of the AUASB advice or feedback on the Office’s:
budgets; and
staffing arrangements (including level, structure and composition of staffing); and
9 Paragraph 225(2A)(d)
Repeal the paragraph.
10 Paragraph 225(2A)(j)
Omit “and periodically reviewing”.
11 Paragraph 225(2A)(j)
Omit “the AUASB”, substitute “those processes”.
12 Section 226
Repeal the section, substitute:
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