Australian Securities and Investments Commission Class Order [Co 04/173] (Cth)

Australian Securities and Investments CommissionCorporations Act 2001 — Subsection 88B(3) — Variation

Under subsection 88B(3) of the Corporations Act 2001 the Australian Securities and Investments Commission varies Class Order [CO 01/1256] by:

1.         in paragraph (b), omitting “and” at the end of the paragraph;

2.         in paragraph (c), omitting “requirements.” and substituting “requirements; and”; and

3.         adding after paragraph (c):

“(d)      any member of an eligible foreign professional body who:

(i)         has at least 3 years of practical experience in accounting or auditing; and

(ii)        is providing a certificate for the purposes of paragraph 708(8)(c) or paragraph 761G(7)(c) of the Act to a person who is resident in the same country (being a country other than Australia) as that member.

Interpretation

In this instrument “eligible foreign professional body” means each of the following:

(a)        American Institute of Certified Public Accountants;

(b)       Association of Certified Chartered Accountants (United Kingdom);

(c)        Canadian Institute of Chartered Accountants;

(d)       Institute of Chartered Accountants of New Zealand;

(e)        The Institute of Chartered Accountants in England and Wales;

(f)        The Institute of Chartered Accountants in Ireland;

(g)        The Institute of Chartered Accountants of Scotland.”.

Dated the 2nd day of March 2004

Signed by Brendan Byrne
as a delegate of the Australian Securities and Investments Commission