Corporations Amendment Regulation 2012 (No. 3) was registered on 11 April 2012.
It amends the Corporations Regulations 2001 to exempt a registered auditor that provides a cover pool monitor service mentioned in subsection 30 (4) of the Banking Act 1959 from the requirement to hold an Australian financial services licence.
A cover pool monitor assesses an ADI’s compliance with its obligations and provide an opinion with respect to this compliance.
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Posted 12th April 2012 by David Jacobson in Corporations Act, Financial Services