Superannuation Auditor Registration Imposition Regulation 2012 (Cth)

Superannuation Auditor Registration Imposition Regulation 2012

Select Legislative Instrument No. 329, 2012

made under the

Superannuation Auditor Registration Imposition Act 2012

Compilation No. 2

Compilation date:                              1 July 2019

Includes amendments up to:            F2019L00390

Registered:                                           17 July 2019

About this compilation

This compilation

This is a compilation of the Superannuation Auditor Registration Imposition Regulation 2012 that shows the text of the law as amended and in force on 1 July 2019 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Legislation Register ( The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the series page on the Legislation Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the series page on the Legislation Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents

Part 1—Preliminary                                                                                      1

1............ Name of regulation............................................................................. 1

3............ Definitions.......................................................................................... 1

Part 2—Prescribed fees                                                                                 1

4............ ASIC fees........................................................................................... 1

4A......... Registry fees....................................................................................... 2

5............ Method for calculating fees in subsequent financial years................. 2

Part 3—Application, saving and transitional provisions                       4

Division 1—Amendments made by the Treasury Laws Amendment (ASIC Cost Recovery and Fees) Regulations 2019                                                                  4

6............ Indexation of fees............................................................................... 4

Endnotes5

Endnote 1—About the endnotes                                                               5

Endnote 2—Abbreviation key                                                                  6

Endnote 3—Legislation history                                                                7

Endnote 4—Amendment history                                                              8

Part 1—Preliminary

1Name of regulation

This regulation is the Superannuation Auditor Registration Imposition Regulation 2012.

3Definitions

In this regulation:

Act means the Superannuation Auditor Registration Imposition Act 2012.

indexable matter: see subsection 5(2).

SIS Act means the Superannuation Industry (Supervision) Act 1993.

Part 2—Prescribed fees

4ASIC fees

For the purposes of section 4 of the Act, the fee mentioned in column 2 of an item of the following table is prescribed for the matter mentioned in column 1 of the item.

ASIC fees
Item	Column 1 Fee payable for ...	Column 2 Fee
1	applying for registration as an approved SMSF auditor	$1,927
1A	applying for conditions imposed on registration as an approved SMSF auditor to be varied or revoked under section 128D of the SIS Act	$1,028
1B	applying for registration as an approved SMSF auditor to be cancelled under section 128E of the SIS Act	$899
2	undertaking a competency examination in accordance with section 128C of the SIS Act	$107
3	giving the Regulator a statement under section 128G of the SIS Act	nil
4	giving to the Regulator a statement under section 128G of the SIS Act within 1 month after it fell due (in addition to the fee payable because of item 3)	nil
5	giving to the Regulator a statement under section 128G of the SIS Act more than 1 month after it fell due (in addition to the fee payable because of item 3)	nil
6	giving to the Regulator particulars under section 128H of the SIS Act within 1 month after they fell due	nil
7	giving to the Regulator particulars under section 128H of the SIS Act more than 1 month after they fell due	nil

4ARegistry fees

For the purposes of section 4 of the Act, the fee mentioned in column 2 of an item of the following table is prescribed for the matter mentioned in column 1 of the item.

Registry fees
Item	Column 1 Fee payable for ...	Column 2 Fee
1	inspecting or searching a register that the Regulator keeps under Division 1A of Part 16 of the SIS Act for a current extract	nil
2	inspecting or searching a register that the Regulator keeps under Division 1A of Part 16 of the SIS Act for a historical extract, except if the request to inspect or search is made by a journalist	$19
3	inspecting or searching a register that the Regulator keeps under Division 1A of Part 16 of the SIS Act for a historical extract, if the request to inspect or search is made by a journalist	nil
4	inspecting or searching an extract given to or issued by the Regulator under Division 1A of Part 16 of the SIS Act (other than an order made under subsection 130F(2) of that Act), except if the request to inspect or search is made by a journalist	$19
5	inspecting or searching an extract given to or issued by the Regulator under Division 1A of Part 16 of the SIS Act (other than an order made under subsection 130F(2) of that Act), if the request to inspect or search is made by a journalist	nil

5Method for calculating fees in subsequent financial years

(1)For the purposes of paragraph 4(2)(b) of the Act, the amount of a fee on or after 4 July 2018 is, subject to subsections (2A) to (4), the amount mentioned in column 2 of an item in the table in section 4 or 4A.

Indexable matters

(2)A matter is an indexable matter if it is mentioned in an item in the table in section 4A, and the fee is not nil.

(2A)For the purposes of paragraph 4(2)(b) of the Act, in the financial year starting on 1 July 2019, or a subsequent 1 July, if the latest CPI number is greater than the earlier CPI number, the fee for an indexable matter is the amount worked out using the formula:

where:

previous indexable amount is the amount of the fee for the indexable matter that was applicable immediately before that 1 July.

(3)If the latest CPI number is not greater than the earlier CPI number, the fee for the matter that is an indexable matter is the amount of the fee that was applicable immediately before that 1 July.

(4)If, apart from this subsection, the amount worked out under subsection (2A) would be an amount of dollars and cents, the amount is to be rounded to the nearest whole dollar and, if the amount to be rounded is 50 cents, rounded down.

(5)For this section:

(a)if the Australian Statistician publishes a CPI number for a March quarter in substitution for a CPI number previously published by the Australian Statistician for that quarter, the publication of the later CPI number must be disregarded; and

(b)if the Australian Statistician changes the reference base for the Consumer Price Index, then, after the change is made, regard must be had only to the CPI numbers published using the new reference base.

(6)In this section:

CPI number means the All Groups Consumer Price Index number (being the weighted average of the 8 Australian capital cities) published by the Australian Statistician.

earlier CPI number is the CPI number for the March quarter 2 financial years before the relevant financial year begins.

latest CPI number is the CPI number for the last March quarter before the relevant financial year begins.

Part 3—Application, saving and transitional provisions

Division 1—Amendments made by the Treasury Laws Amendment (ASIC Cost Recovery and Fees) Regulations 2019

6Indexation of fees

Despite subsection 5(2), the matter mentioned in item 4 of the table in section 4A, as amended by the Treasury Laws Amendment (ASIC Cost Recovery and Fees) Regulations 2019, is not an indexable matter in the financial year starting on 1 July 2019.

Endnotes

Endnote 1—About the endnotes

The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1—About the endnotes

Endnote 2—Abbreviation key

Endnote 3—Legislation history

Endnote 4—Amendment history

Abbreviation key—Endnote 2

The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history—Endnotes 3 and 4

Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.

Editorial changes

The Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.

If the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.

Misdescribed amendments

A misdescribed amendment is an amendment that does not accurately describe the amendment to be made. If, despite the misdescription, the amendment can be given effect as intended, the amendment is incorporated into the compiled law and the abbreviation “(md)” added to the details of the amendment included in the amendment history.

If a misdescribed amendment cannot be given effect as intended, the abbreviation “(md not incorp)” is added to the details of the amendment included in the amendment history.

Endnote 2—Abbreviation key

ad = added or inserted	o = order(s)
am = amended	Ord = Ordinance
amdt = amendment	orig = original
c = clause(s)	par = paragraph(s)/subparagraph(s)
C[x] = Compilation No. x	/sub‑subparagraph(s)
Ch = Chapter(s)	pres = present
def = definition(s)	prev = previous
Dict = Dictionary	(prev…) = previously
disallowed = disallowed by Parliament	Pt = Part(s)
Div = Division(s)	r = regulation(s)/rule(s)
ed = editorial change	reloc = relocated
exp = expires/expired or ceases/ceased to have	renum = renumbered
effect	rep = repealed
F = Federal Register of Legislation	rs = repealed and substituted
gaz = gazette	s = section(s)/subsection(s)
LA = Legislation Act 2003	Sch = Schedule(s)
LIA = Legislative Instruments Act 2003	Sdiv = Subdivision(s)
(md) = misdescribed amendment can be given	SLI = Select Legislative Instrument
effect	SR = Statutory Rules
(md not incorp) = misdescribed amendment	Sub‑Ch = Sub‑Chapter(s)
cannot be given effect	SubPt = Subpart(s)
mod = modified/modification	underlining = whole or part not
No. = Number(s)	commenced or to be commenced

Endnote 3—Legislation history

Name	Registration	Commencement	Application, saving and transitional provisions
Superannuation Auditor Registration Imposition Regulation 2012 (SLI No. 329, 2012)	11 Dec 2012 (F2012L02405)	31 Jan 2013 (s 2)
Treasury Laws Amendment (ASIC Fees) Regulations 2018	29 June 2018 (F2018L00965)	Sch 1 (items 38–42): 4 July 2018 (s 2(1) item 2)	—
Treasury Laws Amendment (ASIC Cost Recovery and Fees) Regulations 2019	25 Mar 2019 (F2019L00390)	Sch 2 (items 15–19): 1 July 2019 (s 2(1) item 4)	—

Endnote 4—Amendment history

Provision affected	How affected
Part 1........................................
Part 1 heading.............................	ad F2019L00390
s 2.............................................	rep LA s 48D
s 3.............................................	am F2018L00965
Part 2
Part 2 heading.............................	ad F2019L00390
s 4.............................................	rs F2018L00965
s 4A...........................................	ad F2018L00965
am F2019L00390
s 5.............................................	am F2018L00965
Part 3
Part 3.........................................	ad F2019L00390
s 6.............................................	ad F2019L00390