Conveyancers Act 2006

For the purposes of this Act, an approved auditor is—

a person who—

is a member of CPA Australia, the Institute of Public Accountants or Chartered Accountants Australia and New Zealand; and

meets the requirements of one of those bodies to practise as a public accountant; and

has obtained a degree in commerce, accounting, business studies or a similar discipline from an Australian university or from a foreign university approved by the Director; and

has successfully completed any courses of education required by the Director under section 90(1)(a); and

has completed or substantially assisted in carrying out the audit of the trust records of at least 2 (or such higher number as is prescribed) licensees or Australian legal practitioners in respect of any of the previous 3 financial years; or

a person who—

is approved by the Director as an approved auditor; or

comes within a class of persons that is approved by the Director as an approved class of auditor.

Despite subsection (1), a person is not an approved auditor for the purposes of this Act if he or she is subject to a direction under section 89(3).