Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 7.1.29A

         (1)   Subparagraph 7.1.29 (5) (c) (ii) does not apply to a recommendation by a recognised accountant in relation to a self-managed superannuation fund.

         (2)   In this regulation:

"recognised accountant" means:

                (a)    a member of CPA Australia who:

                          (i)    is entitled to use the letters 'CPA' or 'FCPA'; and

                         (ii)    is subject to, and complies with, CPA Australia's continuing professional education requirements; or

               (b)    a member of The Institute of Chartered Accountants in Australia ( ICAA ) who:

                          (i)    is entitled to use the letters 'ACA', 'CA' or 'FCA'; and

                         (ii)    is subject to, and complies with, ICAA's continuing professional education requirements; or

                (c)    a member of the National Institute of Accountants ( NIA ) who:

                          (i)    is entitled to use the letters 'FNIA', 'FPNA', 'MNIA' or 'PNA'; and

                         (ii)    is subject to, and complies with, NIA's continuing professional education requirements.