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.