Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) This subregulation applies if:
(a) the audit team leader is carrying out a Part 6 audit; and
(b) a relevant item of the table in subregulation 6.56(2) applies to a person covered by item 3 or 5 of the table in regulation 6.55 while the audit team leader is carrying out the audit as audit team leader; and
(c) on a particular day (the start day ), the audit team leader becomes aware of the circumstances referred to in paragraph (b).
(2) The audit team leader must, before the end of the period of 21 days after the start day, apply under regulation 6.71 for an exemption from the requirements of this Subdivision for the circumstances.
(3) If the audit team leader applies for an exemption, the audit team leader must, as soon as practicable after the notice has been received, give a copy of the application to the audited body.
(4) If the audit team leader has not applied for the exemption as required by subregulation (2), the audit team leader must ensure that the audit team member concerned in the circumstances ceases to be an audit team member in relation to the audit at the end of the period of 21 days mentioned in that subregulation.
(5) If:
(a) the audit team leader has applied for the exemption as required by subregulation (2); and
(b) the Regulator refuses to grant the exemption in relation to the audit team member in the circumstances;
then the audit team leader must ensure that the audit team member ceases to be an audit team member in relation to the audit at the end of the period of 7 days after the Regulator refuses the exemption.