ASIC simplifies SMSF auditor rego

8 September 2016
| By Jassmyn |
image
image image
expand image

The corporate regulator has revised and simplified the registration process for prospective self-managed superannuation fund (SMSF) auditors.

The Australian Securities and Investments Commission (ASIC) said the changes would make it easier for applicants to provide all required information with their application.

"This will reduce red tape and save time for applicants as ASIC will generally not need to seek further details about their experience," ASIC said.

ASIC said the template documents that applicants need to provide on their experience were:

  • Statement from applicant;
  • Audit hours logbook; and
  • Statement from supervisor.

ASIC commissioner, Greg Tanzer, said: "ASIC is continually reviewing how we can improve the services we provide the community".

"If we can reduce the time required for what should be straightforward auditor registrations, this allows us to assess an application faster with the benefit of all information being available from the outset," he said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 6 months ago
Kevin Gorman

Super director remuneration ...

1 year 6 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 6 months ago

Economists from the big four banks have all predicted the RBA to deliver another rate cut during its July meeting; however, some admit the decision will be a close call....

1 hour ago

AMP’s strong 2024–25 returns were anything but a fluke – they were the product of a carefully recalibrated investment strategy that began several years ago, when the fund...

1 hour 39 minutes ago

ASIC is “considering what options” it has to hold super trustees to account for including the failed schemes on their platforms, according to its deputy chair....

1 hour ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5