Interpretation of Part 3
13 Interpretation of Part 3
For the purposes of paragraph (b) of the definition of
auditor in section 12 of the Act, a person meets the prescribed requirements if the person—
holds a degree in commerce, accounting, business studies or a related field from an Australian university or from another university approved by the Commissioner; and
is a member of—
Chartered Accountants Australia and New Zealand; or
CPA Australia; and
meets the requirements of a body referred to in paragraph (b) to practise as a public accountant;
and
has been continuously engaged for at least 3 years in practice as a public accountant in this State (whether or not as an employee of a public accountant).
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