Superannuation Industry (Supervision) Act 1993

complete the continuing professional development requirements prescribed by the regulations; and

hold a current policy of professional indemnity insurance, of a level prescribed by the regulations, for claims that may be made against the auditor in connection with audits of self managed superannuation funds; and

comply with:

any competency standards that the Regulator determines under section 128Q; and

any auditing standards, made by the Auditing and Assurance Standards Board under section 336 of the Corporations Act 2001, that are applicable to the duties of an approved SMSF auditor under this Act; and

any auditing and assurance standards, formulated by the Auditing and Assurance Standards Board under section 227B of the Australian Securities and Investments Commission Act 2001, that are applicable to those duties; and

comply with the auditor independence requirements prescribed by the regulations.