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SMSF Auditor Registration Requirements

On 23 June 2012, the Minister for Financial Services and Superannuation announced that, from 1 July 2013, auditors must be registered with the Australian Securities and Investments Commission (‘ASIC’) to conduct audits of self managed superannuation funds (‘SMSFs’).

It is important to note that the legislation and regulations giving effect to the new regime have now been passed/registered, as follows:

Applications for registration can be made from 31 January 2013 and auditors will be required to register with ASIC by 1 July 2013, to conduct audits from this date (i.e., their registration application must be approved by 30 June 2013).  ASIC advises prospective registrants to apply early, particularly as any transitional concessions are only available for auditors who are registered by 30 June 2013. 

Click here to read more.